Slide 1: MediaTek 2022-Q2 Investor Conference
聯發科技 2022年第二季法人說明會 MediaTek 2022-Q2 Investor Conference July 29, 2022 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
Safe Harbor Statement These factors may cause actual results materially different from the information provided herein. The factors include the impact of competitive products and pricing, timely acceptance of products design by our customers, timely introduction of new technologies, ability to ramp
Slide 3: Consolidated Revenue
Consolidated Revenue (NT$ million) QoQ YoY 9.1% 23.9% 160,000 155,730 142,711 140,000 125,653 120,000 100,000 80,000 60,000 40,000 20,000 0 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY -1pt 3.1pt 50.3% 50% 49.3% 46.2% 45% 40% 35% 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 6.4% 28.7% 40,000 37,583 35,316 3,636 35,000 3,409 3,768 30,000 29,204 3,365 3,890 25,000 2,435 Sales 20,000 Admin 15,000 28,541 30,180 R&D 22,879 10,000 5,000 0 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 7.4% 35.9% 45,000 40,000 39,181 36,467 35,000 30,000 28,834 25,000 20,000 15,000 10,000 5,000 0 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY -0.4pt 2.3pt 30% 25.6% 25.2% 25% 22.9% 20% 15% 10% 5% 0% 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY 6.6% 29.1% 40,000 35,612 35,000 33,413 30,000 27,587 25,000 20,000 15,000 10,000 5,000 0 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -0.5pt 0.9pt 30% 25% 23.4% 22.9% 22.0% 20% 15% 10% 5% 0% 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY 1.37 4.95 25.00 22.39 21.02 20.00 17.44 15.00 10.00 5.00 0.00 2Q21 1Q22 2Q22 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook ◆ For 2022-Q3, we currently expect: ◆ Consolidated revenue: Around NT$141.7 billion ~ 154.2 billion, at a forecast exchange rate of 29.5 NT dollars to 1 US dollar ◆ Consolidated gross margin: 49% ± 1.5% ◆ Consolidated operating expense ratio: 26% ± 2% Copyright © MediaTek Inc. All r
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 2Q22 1Q22 2Q21 Q-Q Y-Y Net Sales 155,730 142,711 125,653 9.1% 23.9% Operating costs (78,966) (70,927) (67,615) Gross profit 76,764 71,783 58,038 6.9% 32.3% Selling expenses (3,636) (3,409) (3,890) Administration expenses (3,768)
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2Q22 1Q22 2Q21 Gross profit 49.3% 50.3% 46.2% Selling expenses (2.3%) (2.4%) (3.1%) Administration expenses (2.4%) (2.4%) (1.9%) R&D expenses (19.4%) (20.0%) (18.2%) Operating income 25.2% 25.6% 22.9% Non-operating income 1.1% 1.1% 2.2% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 2Q22 1Q22 2Q21 Cash & financial assets-current 256,547 249,894 238,281 Accounts receivable 61,899 64,678 48,414 Inventories 91,410 89,377 63,149 Other current assets 14,579 13,926 10,411 Funds and investments 124,679 113,739 139,127 Intangible asse
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 2Q22 1Q22 2Q21 Net cash provided by (used in) operating activities 35,554 30,735 28,131 Net cash provided by (used in) investing activities (12,678) (6,897) (2,294) Net cash provided by (used in) financing activities (19,712) 19,211 1,162 Effect of c
Slide 17: Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment Copyright © MediaTek Inc. All rights reserved. 16
Slide 18: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 2Q22 1Q22 2Q21 Q-Q Y-Y Operating income 39,181 36,467 28,834 7.4% 35.9% TIFRS Operating income margin(%) 25.2% 25.6% 22.9% Share-based compensation 1,248 1,240 123 Reconciliations Amortization of acquisition related assets
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 2Q22 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Mobile Phone 54% 12% 17% Smart Edge Platforms 38% 7% 33% Power IC 7% 0% 33% Total 100% 9% 24% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smartphone and feature phone Smar
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19