M31 Technology Corp. · TPEX:6643
M31 Technology — Q3 2021 Earnings Presentation
16 slides from M31 Technology's earnings presentation, Nov 10, 2021
Slide 1: 2021 Third Quarter Earnings Conference
Stock Code: 6643 TT 2021 Third Quarter Earnings Conference www.m31tech.com November 10th, 2021
Slide 2: Safe Harbor Notice
Safe Harbor Notice • M31’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward- looking statements. • Except as required by law, we undertake no obligation to
Slide 3: 3Q21 Financial Results
3Q21 Financial Results
Slide 4: Statements of Comprehensive Income
3Q21 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q21 3Q21 (In NT$ thousands unless 3Q21 2Q21 3Q20 over over otherwise noted) 2Q21 3Q20 Net Revenue (US$ thousands) 7,890 7,673 9,158 +2.8% -13.8% Net Revenue 220,341 214,281 270,652 +2.8% -18.6% Gross Marg
Slide 5: Balance Sheets
3Q21 Balance Sheets Selected Items from Balance Sheets 3Q21 2Q21 3Q20 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 787,132 41% 1,106,487 53% 1,081,131 69% Accounts Receivable 235,748 13% 154,752 7% 192,614 12% Other current assets 113,874 6% 174,424 8% 72,641 5% Net PP&
Slide 6: Cash Flow
3Q21 Cash Flow (In NT$ thousands) 3Q21 2Q21 3Q20 9 Months Ended 6 Months Ended 9 Months Ended Beginning Balance 527,760 527,760 589,555 Cash generated from operating activities 91,667 76,814 226,509 Cash used in investing activities (235,865) (367,259) (92,207) Cash generated from/(used in) financin
Slide 7: Operating Result
Operating Result
Slide 8: Revenue by Income Source
3Q21 Revenue by Income Source 100% 100% 12.9% 9.2% 11.6% 17.0% 13.3% 15.5% 15.2% 80% 80% 60% 60% 87.1% 90.8% 88.4% 83.0% 86.7% 84.5% 84.8% 40% 40% 20% 20% 0% 0% 3Q20 4Q20 1Q21 2Q21 3Q21 2020 1Q-3Q21 License Fee Royalty License Fee Royalty 8 8
Slide 9: Revenue by Region
3Q21 Revenue by Region 100% 100% 3.2% 4.0% 7.8% 8.7% 9.4% 8.3% 7.4% 16.5% 17.7% 19.8% 20.0% 80% 80% 26.4% 33.7% 42.0% 19.9% 60% 37.8% 20.5% 60% 30.7% 17.6% 12.2% 40% 33.9% 40% 53.7% 50.3% 48.6% 20% 42.5% 41.8% 20% 41.0% 24.7% 0% 0% 3Q20 4Q20 1Q21 2Q21 3Q21 2020 1Q-3Q21 CN USA TW Others CN USA TW Oth
Slide 10: Revenue by Customer Type
3Q21 Revenue by Customer Type 100% 100% 18.1% 19.3% 25.0% 29.0% 32.8% 80% 38.5% 37.9% 80% 60% 60% 40% 81.9% 80.7% 40% 75.0% 71.0% 67.2% 61.5% 62.1% 20% 20% 0% 0% 3Q20 4Q20 1Q21 2Q21 3Q21 2020 1Q-3Q21 Fabless Foundry Fabless Foundry 10 10
Slide 11: Fabless vs. Foundry License Fee by Technology
Fabless vs. Foundry License Fee by Technology Fabless Foundry 100% 100% 5.4% 4.5% 7.3% 5.8% 9.2% 12.0% 11.3% 22.1% 15.3% 25.0% 26.0% 80% 80% 18.7% 46.7% 33.5% 52.8% 33.8% 72.1% 60% 60% 45.9% 41.5% 50.5% 22.0% 40% 36.7% 40% 16.9% 75.4% 70.0% 51.3% 20% 20% 14.2% 21.4% 21.6% 30.3% 31.3% 17.7% 15.6% 13.
Slide 12: Recap & Highlights
3Q21 Recap & Highlights • 3Q21 revenue decline YoY results from deferred revenue and new projects slowdown due to uncertainty of wafer supply. • Deep nanometer advanced nodes: 1st 7nm eUSB/USB3.2/PCIe4.0 completed, 2nd 5nm TV taped-out and 3rd 3nm TV ongoing. • After 1st IP membership program is won
Slide 13: Future Prospect
Future Prospect
Slide 14: New BU, Products & Platforms
New BU, Products & Platforms IP Integration Service • Processor Hard Core IP • IP Subsystem Integration Service Functional IP • eUSB2 PHY • LPDDR4 PHY • USB 4.0 PHY • PAM4 SerDes • PCIe 5.0 PHY • MIPI PHY Foundation IP • 55nm BCD • 55nm eFlash • 40nm HV • Optimized PPA Library for Processor 14 14
Slide 15: 2021 Prospect
2021 Prospect Target: low teens percentage growth YoY in USD 15 15
Slide 16: Thank You
M31, your IP partner, your virtual team Thank You www.m31tech.com