Slide 1: MediaTek 2013-Q4 Investor Conference
聯發科技 2013 年第四季法人說明會 MediaTek 2013-Q4 Investor Conference January 27, 2014 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and prici
Slide 3: Consolidated Revenue
Consolidated Revenue YoY 37.1 % (NT$ million) QoQ YoY 2.0 % 150,000 48.8 % 136,056 60,000 99,263 100,000 39,008 39,798 40,000 26,737 50,000 20,000 0 0 4Q12 3Q13 4Q13 2012 2013 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 1.8 pt YoY 4.2 pt 2.6 pt 47% 45.7% 47% 45% 43.9% 45% 44.0% 43% 43% 41.5% 41.4% 41% 41% 39% 39% 37% 37% 35% 35% 4Q12 3Q13 4Q13 2012 2013 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses YoY QoQ 20.6 % YoY 5.5 % (NT$ million) 28.8 % 40,000 34,562 9,787 28,656 4,562 10,000 9,274 30,000 7,596 1,407 3,546 1,205 3,115 995 1,009 2,912 858 20,000 811 Sales 5,000 Sales 26,454 7,075 7,372 10,000 22,629 Admin Admin 5,927 R&D R&D 0 0 4Q12 3Q13 4Q13 2012 2013 Co
Slide 6: Consolidated Operating Income
Consolidated Operating Income YoY 103.5 % YoY QoQ (NT$ million) 140.0 % 6.8 % 30,000 25,244 10,000 25,000 8,403 7,866 20,000 8,000 15,000 6,000 12,403 4,000 3,501 10,000 2,000 5,000 0 0 4Q12 3Q13 4Q13 2012 2013 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY YoY 0.9 pt 8.0 pt 6.1 pt 25% 21.1% 20% 18.6% 20.2% 20% 15% 12.5% 15% 13.1% 10% 10% 5% 5% 0% 0% 4Q12 3Q13 4Q13 2012 2013 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income YoY 76.8 % QoQ 2.4 % (NT$ million) YoY 92.4 % 30,000 27,485 10,000 8,416 8,616 25,000 8,000 20,000 15,545 6,000 15,000 4,479 4,000 10,000 2,000 5,000 0 0 4Q12 3Q13 4Q13 2012 2013 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 0 pt YoY 4.8 pt 4.5 pt 25% 25% 21.6% 21.6% 20.2% 20% 20% 16.8% 15.7% 15% 15% 10% 10% 5% 5% 0% 0% 4Q12 3Q13 4Q13 2012 2013 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share YoY QoQ 7.7 0.15 (NT$) YoY 2.76 25 20.51 20 8 6.28 6.43 15 6 12.81 10 4 3.67 5 2 0 0 4Q12 3Q13 4Q13 2012 2013 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Inventory Turnover Days
Inventory Turnover Days (Days) 100 80 76 60 50 47 40 20 4Q12 3Q13 4Q13 Copyright © MediaTek Inc. All rights reserved. 10
Slide 12: Financial Statements
Financial Statements Copyright © MediaTek Inc. All rights reserved.
Slide 13: Q4 FY13 Consolidated Income Statement
Q4 FY13 Consolidated Income Statement (In NT$ millions, except per share amounts) 4Q13 3Q13 4Q12 Q-Q Y-Y Net Revenue 39,798 39,008 26,737 2.0% 48.8% Cost of Goods Sold (21,608) (21,867) (15,640) Gross Profit 18,190 17,140 11,097 6.1% 63.9% Selling expenses (1,407) (1,205) (858) Administration expens
Slide 14: Q4 FY13 Supplemental Information: Percentage of Revenue
Q4 FY13 Supplemental Information: Percentage of Revenue 4Q13 3Q13 4Q12 Gross profit 45.7% 43.9% 41.5% Selling expenses (3.5 %) (3.1 %) (3.2 %) Administration expenses (2.5 %) (2.6 %) (3.0 %) R&D expenses (18.5 %) (18.1 %) (22.2 %) Operating profit 21.1% 20.2% 13.1% Non-operating income 2.6% 3.0% 4.0
Slide 15: FY13 Consolidated Income Statement
FY13 Consolidated Income Statement (In NT$ millions, except per share amounts) 2013 2012 Y-Y Net Revenue 136,056 99,263 37.1% Cost of Goods Sold (76,250) (58,204) Gross Profit 59,806 41,059 45.7% Selling expenses (4,562) (3,115) Administration expenses (3,546) (2,912) R&D expenses (26,454) (22,629)
Slide 16: FY13 Supplemental Information: Percentage of Revenue
FY13 Supplemental Information: Percentage of Revenue 2013 2012 Gross profit 44.0% 41.4% R&D expense (19.4 %) (22.8 %) Selling expenses (3.4 %) (3.1 %) Administration expenses (2.6 %) (2.9 %) Operating profit 18.6% 12.5% Non-operating income 3.2% 4.1% Income tax expense (1.5 %) (0.9 %) Net profit 20.
Slide 17: Balance Sheet Summary
Balance Sheet Summary (In NT$ millions) 4Q13 3Q13 4Q12 Cash & Financial assets-current 139,219 113,192 90,590 Accounts receivable 7,628 11,059 6,585 Inventories 9,244 12,938 13,867 Funds and investments 68,040 66,540 64,966 Intangible assets 15,509 15,332 15,727 Total assets 258,537 238,195 210,407
Slide 18: Cash Flow Summary
Cash Flow Summary (In NT$ millions) 4Q13 3Q13 4Q12 Cash flow from operations 16,624 9,971 2,647 Cash flow from investing (1,164) (374) 14 Cash flow from financing 9,310 (8,301) (1,720) Effect of exchange rate changes 611 (905) (220) Net increase in cash & equivalents 25,381 392 722 Cash & equivalent
Slide 19: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved.