Slide 1: MediaTek 2023-Q2 Investor Conference
聯發科技 2023年第二季法人說明會 MediaTek 2023-Q2 Investor Conference July 28, 2023 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 2.6% -37% 160,000 155,730 140,000 120,000 100,000 95,652 98,135 80,000 60,000 40,000 20,000 0 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY -0.5pt -1.8pt 50% 49.3% 48.0% 47.5% 45% 40% 35% 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 1.1% -15.1% 40,000 37,583 35,000 3,636 31,543 31,896 3,768 30,000 2,699 3,375 2,361 2,333 25,000 Sales 20,000 Admin 15,000 30,180 R&D 26,483 26,188 10,000 5,000 0 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 2.7% -62.4% 45,000 39,181 40,000 35,000 30,000 25,000 20,000 14,369 14,751 15,000 10,000 5,000 0 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 0pt -10.2pt 30% 25.2% 25% 20% 15.0% 15.0% 15% 10% 5% 0% 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY -5.2% -55% 40,000 35,612 35,000 30,000 25,000 20,000 16,890 16,019 15,000 10,000 5,000 0 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -1.4pt -6.6pt 30% 25% 22.9% 20% 17.7% 16.3% 15% 10% 5% 0% 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY -$0.57 -$12.32 25.00 22.39 20.00 15.00 10.64 10.07 10.00 5.00 0.00 2Q22 1Q23 2Q23 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook ◆ For 2023-Q3, we currently expect: ◆ Consolidated revenue: Around NT$102.1 billion ~ 108.9 billion, at a forecast exchange rate of 30.7 NT dollars to 1 US dollar ◆ Consolidated gross margin: 47% ± 1.5% ◆ Consolidated operating expense ratio: 32% ± 2% Copyright © MediaTek Inc. All r
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 2Q23 1Q23 2Q22 Q-Q Y-Y Net Sales 98,135 95,652 155,730 2.6% (37.0%) Operating costs (51,489) (49,739) (78,966) Gross profit 46,646 45,912 76,764 1.6% (39.2%) Selling expenses (3,375) (2,699) (3,636) Administration expenses (2,33
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2Q23 1Q23 2Q22 Gross profit 47.5% 48.0% 49.3% Selling expenses (3.4%) (2.8%) (2.3%) Administration expenses (2.4%) (2.5%) (2.4%) R&D expenses (26.7%) (27.7%) (19.4%) Operating income 15.0% 15.0% 25.2% Non-operating income 3.7% 5.0% 1.1% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 2Q23 1Q23 2Q22 Cash & financial assets-current 192,428 154,710 256,547 Accounts receivable 45,639 46,311 61,899 Inventories 61,067 69,265 91,410 Other current assets 19,005 21,173 14,579 Funds and investments 149,829 131,226 124,679 Intangible asse
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 2Q23 1Q23 2Q22 Net cash provided by (used in) operating activities 46,732 2,858 35,554 Net cash provided by (used in) investing activities (11,262) (9,955) (12,678) Net cash provided by (used in) financing activities (321) 667 (19,712) Effect of chan
Slide 17: Supplemental Information: Reconciliations of TIFRS to Non-TIFRS Results
【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) 2Q23 1Q23 2Q22 Q-Q Y-Y Operating income 14,751 14,369 39,181 2.7% (62.4%) TIFRS Operating income margin(%) 15.0% 15.0% 25.2% Share-based compensation 561 566 1,248 Reconciliations Amortization of acquisition related assets
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 2Q23 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Mobile Phone 46% 3% -46% Smart Edge Platforms 47% 2% -23% Power IC 7% 4% -40% Total 100% 3% -37% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smartphone and feature phone S
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19