Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q3 2022 Earnings Presentation
9 slides from Magnachip Semiconductor's earnings presentation, Nov 2, 2022
Slide 1: Magnachip Semiconductor Q3 2022 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q3 2022 Earnings Materials November 2, 2022 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Information in this presentation regarding Magnachip’s forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward-looking
Slide 3: Q3 2022 Highlights
Q3 2022 Highlights Revenue of $71.2 million was within our guidance range. Revenue The decrease was primarily due to the supply shortages of 28nm 12-inch OLED wafers in the 2nd half of this year that impacted design-in projects from our large panel customer in Korea, which are typically awarded in a
Slide 4: Q3 2022 Report by Business Line
Q3 2022 Report by Business Line Q3 2022 Q2 2022 Q/Q Change Q3 2021 Y/Y Change Revenue $6.4 M $28.3 M down 77.6% $58.5 M down 89.1% OLED $3.1 M $24.6 M down 87.6% $55.3 M down 94.5% Display • Our Display business in the 2nd half is being impacted by supply shortages of 28nm 12-inch OLED wafers, which
Slide 5: Q3 2022 Key Financials
Q3 2022 Key Financials (In $ millions, except for share data and days calculation) Profitability Q3 2022 Q2 2022 Q3 2021 Adjusted Operating Income (Loss) -$6.6 $4.8 $22.7 Profitability Adjusted EBITDA -$3.0 $8.5 $26.4 Adjusted Net Income $1.1 $10.6 $20.1 Adjusted Earnings per Common Share - Diluted
Slide 6: Q4 2022 Outlook
Q4 2022 Outlook • The Company’s near-term outlook is being challenged by previous OLED wafer allocation constraints that impacted 2nd half design-in projects, elevated smartphone channel inventories, a pushout of the initial mass production ramp of our new OLED customer and weakening demand in consu
Slide 7: Q3 2022 Financial Highlights
Q3 2022 Financial Highlights (1) Following the consummation of the sale of the Foundry Services Group business and Fab 4 in Q3 2020, and for a period of up to three years, we will provide transitional foundry services to the buyer for foundry products manufactured in our fabrication facility located
Slide 8: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars, except share data) We present Adjusted Operating Income (Loss) as a supplemental measure of our performance. We define Adjusted Operating Income (Loss) for the periods indicated as opera
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation Reconciliation (In thousands of U.S. dollars, except share data) We present Adjusted EBITDA and Adjusted Net Income as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (as defined below), adjusted to exc
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