Slide 1: Monolithic Power Systems Q4 '23 Earnings Webinar
rev20220706 Monolithic Power Systems Q4 ‘23 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — EVP and CFO February 7, 2024 mrS
Slide 2: Taf scing ence sachs uss Cutooeanate ge torncur ceo bere easy aneng Soerhinge (proenerenran
Taf scing ence sachs uss Cutooeanate ge torncur ceo bere easy aneng Soerhinge (proenerenran Ge andnen Sak "Sie Sgn cP formas an one mazar taacor cried uae te cnton Hot facorangeseupere au SecteesandEchargeConmnasen (SCC ings newang udnalimtedia oy taualReeg ot eee aeiee a Sl Repots nar Sesh ie SEC o
Slide 3: Full Year Revenue 2013 to 2023
Full Year Revenue 2013 to 2023 $2000 sizes $1821 $1,600 $1,000 $500 so 2013 2014 «2018. ~=—«2016-«=«2IT~=«OTR~=«OD=—«2020~—«2021-~—«2022 «2023 mrs
Slide 4: Revenue by Market — FY'23
Revenue by Market — FY’23 % Change From % of Total EY’22 Revenue Automotive 31.5% 21.7% Enterprise Data 28.5 17.7 Storage and Computing 8.5 27.0 Communications (18.5) 11.3 Industrial (21.2) 9.4 Consumer (26.6) 12.9 Total Revenue 1.5% 100.0% mrs
Slide 5: General Business Conditions
General Business Conditions mrs
Slide 6: Quarterly Revenue 2020 to 2023
uarterly Revenue 2020 to 2023 $500 $450 $400 $350 200 $250 $200 $150 $100 20 2 a 2 $4514 2 20 mn oz 2 23 By 2 $4954 2 es 23 ‘aco 0 $4540 $3085 er
Slide 7: Revenue by Market — Q4'23
Revenue by Market — Q4‘23 % Change From Revenue Q3'23 Q4'22) %ofTotal $million Enterprise Data 30.3 88.4 28.4 $128.9 Storage and Computing (9.4) (2.9) 25.8 117.3 Automotive (5.7) (7.8) 19.8 89.8 Consumer (29.9) (17.5) 9.6 43.7 Communications (12.5) (36.3) 9.0 40.9 Industrial (20.8) (40.5) 74 33.4 To
Slide 8: Selected P&L Data
Selected P&L Data 2423 9323 422 Revenue $454.0 $474.9 $460.0 GAAP Gross Margin 55.3% 55.5% 58.2% OPEX $1416 $128.0 $130.9 Operating Income $1096 $135.6 $136.9 Operating Margin 24.1% 285% 29.8% ‘Stock Comp. sat $336 $36.3 Net Income $969 $1212 $119.1 EPS $1.98 $248 $2.45 ‘Shares O/S (FD) 489 438 485
Slide 9: Selected Balance Sheet Data
Selected Bala Siemans Cash, Cash Equivalents & Investments Cash Flow from Operations Capital Spending Accounts Receivable Dollars Days Inventory Dollars Days — Current quarter revenue Next quarter's revenue 423 3°23 422 $1,109.0 $1,042.9 $739.6 $153.3 $175.9 $52.2 $13.8 $27.1 $12.8 $179.9 $185.8 $18
Slide 10: Q1 2024 Guidance Range
Range From To Revenue $437.0 $457.0 GAAP Gross Margin 55.1% 55.7% Operating Expenses $147.2 $151.2 Non-GAAP Gross Margin 55.4% 56.0% Operating Expenses $101.8 $103.8 Total Stock Compensation Expense $46.2 $48.2 Other Income $5.3 $5.7 Shares Outstanding (FD) 48.8 49.2 mrs
Slide 11: Monolithic Power Systems Q4 '23 Earnings Webinar
rev20220706 Monolithic Power Systems Q4 ‘23 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — EVP and CFO February 7, 2024 mrS
Slide 12: GAAP Net Income Reconciliation
Net Income to N ‘GAAP Net Income Reconciliati RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME. (Unaudited, in thousands, except per share amounts) Netincome = Austen 1 reconcile net income to non-GAAP net income: ssed compensation expense. Amortization ofpurchesed angie assets ‘Three Months Ende
Slide 13: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliatio RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited, in thousands) ‘Three Months Ended December 31, Year Ended December 31, Gross profit $ 251,123 267,800 $ 4,027,719 “$1,048,552 Gross margin 353% 38.2% 36.1% 58.4% ‘Adjustments to reconcile gross profit
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME {Unavates a bausands) a ‘mo ee “at opeteg ieee Ser see ‘Aaqustments to econte total peratingneome to non GAAP tal operating ncane ‘tek based compensation expense aor 95:29 wor 60992 ‘Amerizaon ofpuchasea
Slide 15: GAAP to Non-GAAP Reconciliation: 2024 First Quarter Outlook
GAAP to Non-GAAP Reconc! 2024 FIRST QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) ‘Three Months Ending March 31, 2024 —bow___ _High __ Gross margin 55.1% 55.7% ‘Aduustment to reconcile gross margin to non-GAAP gross margin: ‘Stock-based compensation and related