Monolithic Power Systems, Inc. · NASDAQ:MPWR
Monolithic Power Systems — Q1 2021 Earnings Presentation
11 slides from Monolithic Power Systems's earnings presentation, May 4, 2021
Slide 1: Monolithic Power Systems Q1 '21 Earnings Call
Monolithic Power Systems Q1 ‘21 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO May 4, 2021
Slide 2: Safe Harbor Statement
Safe Harbor Statement ‘This presentation contains and statements native made curing he accompanying teleconference villcontan foward-ootng statements as hatleris definain the Prvate SocutesLitgaton Reformat of 1896, hnludng, among oerhings. (projected revenues, GAAP and non-GAAP gross margh, GaaP an
Slide 3: Quarterly Revenue 2017 to 2021
Quarterly Revenue 2017 to 202
Slide 4: Q1 Revenue by Market - 2021 vs. 2020
Q1 Revenue by Market - 2021 vs. 2020 Consumer Automotive Computing and storage Industrial Communications Total revenue up 77.1 % up 92.5 % up 29.9 % up 57.7 % up 29.4 % up 53.5 % mrS
Slide 5: Q1 Selected P&L Data
Q1 Selected P&L Data $.& shares in millions je vs "2004 Change vs ‘2001 ‘2101 2004-2001 $ % $ % Revenue $2545 $2330 «$165.8 S214 9.2% $887 53.5% GAAP Gross Margin 55.4% 55.3% 85.2% $122 10 bps $49.6 20 bps Operating Inc. $46.1 $40.0 $31.0 $6.1 15.3% $15.1 48.7% Opex $95.0 $88.9 $60.5 $6.1 6.8% $345
Slide 6: Q1 Selected Balance Sheet Data
Q1 Selected Balance Sheet Data Sin millions ‘21ai_'20a4__ 201 Cash and Cash Equivalents $641.6 $598.0 © $492.3 L_—S—S—E— Cash Flow from Operations sma $79.6 so14 Capital Spending $19.0 $115 $10.0 2 Accounts Receivable Dollars $844 $66.8 $54.3 Days 30 26 30 Inventory Dollars $175.2 $1871 $131.5 Days
Slide 7: Q2 Outlook
Q2 Outlook $ Aishares ia milons Range Revenue $274.0 $286.0 GAAP Gross Margin 55.1% 55.7% R&Dand SGRA $95.9 $99.9 Non-GAAP Gross Margin 55.5% 56.1% R&D and SG&A $655 $675 Total Stock Compensation $314 $334 Litigation Expenses, $23 $27 Interest income $13 $u7 Shares Outstanding (FD) 473 483 mrS
Slide 8: Monolithic Power Systems Q1 '21 Earnings Call
Monolithic Power Systems Q1 ‘21 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO May 4, 2021
Slide 9: Net Income to Non-GAAP Net Income Reconciliation
Net Income to N AAP Net Income Reconciliatio! RECONCILIATION OF NET INCOME TO NON-GAAP NETINCOME (Unaudited, in thousands, except per share amounts) ‘Three Months Ended March 31, 2021 2020 Net income $ 45.413 S$ 35,756 Adjustments to reconcile net income to non-GAAP net income: Stock-based compensat
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to GAAP Reconciliatio RECONCILIATION OF GROSSALARGIN TONON G AAP GROSSMARGIN (Candied into) “Tirse Months Eaed Mo a ceossgrot Sis, Se (Geos se sat _Adjstoerts to cone goss oft noe. GAP gos pro ‘Scbuedconprsatonerpast a6 3 Defoaed compasaton gape (icone) NeoGAP gos ost NeeGP gos magia stg san RE
Slide 11: GAAP to Non-GAAP Reconciliation: 2021 Second Quarter Outlook
GAAP to Non-GAAP Reconciliatio 2021 SECOND QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) ‘Three Months Ending June 30, 2021 Gross margin Adjustments to reconcile gross margin to non-GAAP gross margin: Stock-based compensation expense 0.4% 0.4% Non-GAAP gross mar
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