Slide 1: 2025 First Quarter Earnings Conference
Stock Code: 6643 TT 2025 First Quarter Earnings Conference May 8th, 2025 1
Slide 2: Agenda
Agenda • Welcome Silvia Su, Spokesperson • 1Q25 Financial Results Silvia Su, Spokesperson • Outlook & Key Messages Scott Chang, CEO • Q&A Scott Chang, CEO 22
Slide 3: 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 4: 1Q25 Financial Results
1Q25 Financial Results M31 Technology Corporation. Proprietary and Confidential 4
Slide 5: Statements of Comprehensive Income
1Q25 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q25 1Q25 (In NT$ thousands unless 1Q25 4Q24 1Q24 over over otherwise noted) 4Q24 1Q24 Net Revenue (US$ thousands) 13,370 10,093 10,904 +32.5% +22.6% Net Revenue 434,525 327,577 342,065 +32.6% +27.0% Gross
Slide 6: Balance Sheets
1Q25 Balance Sheets Selected Items from Balance Sheets 1Q25 4Q24 1Q24 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 573,295 28% 682,446 32% 940,323 41% Accounts Receivable 263,250 13% 262,787 12% 259,900 11% Other current assets 317,548 15% 259,526 12% 276,481 12% Net PP
Slide 7: Cash Flow
1Q25 Cash Flow (In NT$ thousands) 1Q25 4Q24 1Q24 3 Months Ended 12 Months Ended 3 Months Ended Beginning Balance 529,011 849,121 849,121 Cash generated from operating activities (121,896) 46,638 (141,728) Cash used in investing activities (16,993) (93,018) (48,727) Cash generated from/(used in) fina
Slide 8: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential
Slide 9: Revenue by Income Source
1Q25 Revenue by Income Source • Our royalty ratio reached its peak in 3Q24, accounting for 22.3%, partly due to the underperformance of license fees in the third quarter. In 1Q25, the royalty ratio returned to 19%. • In 1Q25, our royalty revenue more than doubled compared to 1Q24. 100% 100% 10.7% 16
Slide 10: Revenue by Region
1Q25 Revenue by Region • In 1Q25, the main revenue contribution came from USA, reaching 38.5%, which was also the highest level in five consecutive quarters. Revenue growth from other regions was also significant, reaching 19.2%, primarily driven by customers from Eurasia. • In 1Q25, revenue distrib
Slide 11: Revenue by Customer Type
1Q25 Revenue by Customer Type • The foundry segment's share gradually recovered to 43.5% in 1Q25, marking the highest level in the past five quarters. • Fabless has consistently been a stable source of our revenue, with its contribution generally exceeding 50%, and even reaching 86% in 4Q24. • In 1Q
Slide 12: Fabless License Fee by Nodes
1Q25 Fabless License Fee by Nodes • In 1Q25, driven by active project initiations in advanced process nodes, the 2-8nm segment accounted for 64.2%. • Since 3Q24, the proportion of fabless license fee for process nodes below 16nm has exceeded 50%. • Since 2023, the fabless license fee ratio for 2-8nm
Slide 13: Foundry License Fee by Nodes
1Q25 Foundry License Fee by Nodes • In 1Q25, the launch of new foundry platform projects made a significant contribution to 2-8nm revenue, with its share exceeding 60%. • Since 2023, the foundry license fee below 16nm has taken effect, with the proportion reaching 63.7% in 1Q25. 100% 1.4% 100% 5.2%
Slide 14: M31 Customers & Partners
M31 Customers & Partners Region Fabless Foundry Total China 240 8 248 USA 73 2 75 Taiwan 71 5 76 Korea 12 2 14 Japan 8 0 8 Eurasia 22 2 24 Others 2 0 2 ＊Our IP solutions are adopted by leading foundries and fabless worldwide. Total 428 19 447 ＊Customer numbers by region and business type till 1Q25.
Slide 15: M31 Licenses
M31 Licenses 2000 No. of Cumulative Licenses of the Previous Yeas 51 1500 218 No. of New Licenses in the Corresponding Period 214 225 1000 241 1646 1428 194 1214 500 174 989 748 147 554 112 380 70 233 51 121 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2012 2013 2014 2015
Slide 16: Recap of 1Q25 Operating Result (1/2)
Recap of 1Q25 Operating Result (1/2) 1Q25 revenue reached NT$434.5 million, up 32.6% QoQ and 27.0% YoY, driven by recovering foundry demand and strong advanced-node IP adoption. Organizational growth and increased R&D investment in 2nm technology led to higher YoY bonuses and R&D expenses. EPS was N
Slide 17: Recap of 1Q25 Operating Result (2/2)
Recap of 1Q25 Operating Result (2/2) In response to recent global capital market volatility triggered by U.S. tariff policies, M31 Board of Directors, confident in its long-term growth outlook, approved a share buyback program to safeguard shareholder interests and utilize the repurchased shares as
Slide 18: M31 Future Prospects
M31 Future Prospects a" (ZB M31 M31 Technology.Corporation. Proprietary and Confidential 18 = \ pee \ ‘| Z| ] —— if |
Slide 19: Thank You
Your IP Partner Your Virtual Team Thank You 19