Slide 1: MediaTek 2024-Q1 Investor Conference
聯發科技 2024年第一季法人說明會 MediaTek 2024-Q1 Investor Conference April 26, 2024 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 3% 39.5% 160,000 140,000 129,562 133,458 120,000 100,000 95,652 80,000 60,000 40,000 20,000 0 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 4.1pt 4.4pt 55% 52.4% 50% 48.3% 48.0% 45% 40% 35% 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY -0.4% 19.6% 40,000 37,881 37,721 35,000 4,659 3,754 31,543 2,820 2,749 30,000 2,699 2,361 25,000 Sales 20,000 Admin 15,000 30,472 31,147 R&D 26,483 10,000 5,000 0 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 30.1% 124% 35,000 32,180 30,000 24,736 25,000 20,000 14,369 15,000 10,000 5,000 0 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 5pt 9.1pt 30% 25% 24.1% 19.1% 20% 15.0% 15% 10% 5% 0% 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY 23.1% 87.4% 40,000 35,000 31,655 30,000 25,713 25,000 20,000 16,890 15,000 10,000 5,000 0 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 3.9pt 6pt 30% 25% 23.7% 19.8% 20% 17.7% 15% 10% 5% 0% 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY $3.7 $9.21 25.00 19.85 20.00 16.15 15.00 10.64 10.00 5.00 0.00 1Q23 4Q23 1Q24 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook For 2024-Q2, we currently expect: Consolidated revenue: Around NT$121.4 billion ~ 133.5 billion, at a forecast exchange rate of 32 NT dollars to 1 US dollar Consolidated gross margin: 47% ± 1.5% Consolidated operating expense ratio: 30% ± 2% Copyright © MediaTek Inc. All rig
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 1Q24 4Q23 1Q23 Q-Q Y-Y Net Sales 133,458 129,562 95,652 3.0% 39.5% Operating costs (63,558) (66,946) (49,739) Gross profit 69,901 62,616 45,912 11.6% 52.2% Selling expenses (3,754) (4,659) (2,699) Administration expenses (2,820)
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 1Q24 4Q23 1Q23 Gross profit 52.4% 48.3% 48.0% Selling expenses (2.8%) (3.6%) (2.8%) Administration expenses (2.1%) (2.1%) (2.5%) R&D expenses (23.3%) (23.5%) (27.7%) Operating income 24.1% 19.1% 15.0% Non-operating income 2.6% 2.8% 5.0% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 1Q24 4Q23 1Q23 Cash & financial assets-current 159,767 180,673 154,710 Accounts receivable 54,104 55,106 46,311 Inventories 49,212 43,220 69,265 Other current assets 21,618 11,889 21,173 Funds and investments 175,701 150,006 131,226 Intangible asse
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 1Q24 4Q23 1Q23 Net cash provided by (used in) operating activities 25,204 101,536 2,858 Net cash provided by (used in) investing activities (18,271) (7,473) (9,955) Net cash provided by (used in) financing activities (33,881) (24,884) 667 Effect of c
Slide 17: Supplemental Information: Reconciliations 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) 1Q24 4Q23 1Q23 Q-Q Y-Y Operating income 32,180 24,736 14,369 30.1% 124.0% TIFRS Operating income margin(%) 24.1% 19.1% 15.0% Share-based compensation 173 269 566 Reconciliations Amortization of acquisition related assets 75
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 1Q24 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Mobile Phone 61% -2% 84% Smart Edge Platforms 34% 16% 2% Power IC 5% -13% 1% Total 100% 3% 40% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smartphone and feature phone Sma
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19