Monolithic Power Systems, Inc. · NASDAQ:MPWR

Monolithic Power Systems — Q4 2022 Earnings Presentation

15 slides from Monolithic Power Systems's earnings presentation, Feb 8, 2023

  1. Slide 1: Q4 '22 Earnings Webinar

    rev 20220706 Monolithic Power Systems Q4 ‘22 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO February 8, 2023 mrS

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement ‘This press release contains, and statements that will be made during the accompanying webinar will contain, forward-looking statements, as thatterm is definedin the Private Securities Litigation Reform Act of 1995, including underthe sections “Business Outlook’ andthe quote fr

  3. Slide 3: Full Year Revenue 2012 to 2022

    Full Year Revenue 2012 to 2022 $in millions $2,000 $1,794 $1,500 $1,000 $500 $0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 mrS

  4. Slide 4: Revenue by Market — FY'22

    Revenue by Market — FY’22 % Change From % of Total FY’21 Revenue Enterprise Data 116.1 % 14.0 % Storage and Computing 76.8 % 25.3 % Communications 53.2 % 14.0 % Automotive 46.8 % 16.7 % Industrial 18.6 % 12.2% Consumer 13.2 % 17.8 % Total Revenue 48.5 % 100.0 % . mrS

  5. Slide 5: General Business Conditions

    General Business Conditions mrS

  6. Slide 6: Quarterly Revenue 2019 to 2022

    uarterly Revenue 2019 to 2022 $in millions $495.4

  7. Slide 7: Revenue by Market — Q4'22

    Revenue by Market — Q4‘22 Automotive Enterprise Data Storage and Computing Communications Industrial Consumer Total Revenue % Change From % of Total Q3’22 Q4'21 Revenue 11.8 % 72.8% 21.1% -9.1% 69.0 % 14.9% 7.1% 55.0 % 26.3% -11.1 % 40.1 % 14.0% 45% 13.3 % 12.2% -40.6 % -20.1 % 11.5% -7.1 % 36.7 % 1

  8. Slide 8: Selected P&L Data

    Selected P&L Data $ and sharesin millions, ‘except per shareamounts Q4'22 Q3'22 Q4'21 Revenue $460.0 $495.4 $336.5 GAAP Gross Margin 58.2% 58.7% 57.6% OPEX $130.9 $139.0 $115.3 Operating Income $136.9 $151.9 $78.6 Operating Margin 29.8% 30.7% 23.3% Stock Comp. $35.3 $43.0 $31.2 Net Income $119.1 $12

  9. Slide 9: Selected Balance Sheet and Cash Flow Data

    Selected Balance Sheet a $in millions Cash, Cash Equivalents & Investments Cash Flow from Operations Capital Spending Accounts Receivable Dollars Days Inventory Dollars Days — Current quarter revenue Next quarter’s revenue Q4'22 $739.6 $52.2 $12.8 $182.7 36 Q3'22 $738.1 ($18.2) $7.3 $153.4 28 $397.4

  10. Slide 10: 2023 Q1 Outlook

    2023 Q1 Outlook $and sharesin millions Revenue GAAP Gross Margin Operating Expenses Non-GAAP Gross Margin Operating Expenses Total Stock Compensation Expense Interest Income Shares Outstanding (FD) 10 From $440.0 57.4% $135.1 57.7% $96.1 $40.2 $1.8 48.2 mrS

  11. Slide 11: Monolithic Power Systems

    Monolithic Power Systems Q4 ‘22 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO February 8, 2023

  12. Slide 12: Net Income to Non-GAAP Net Income Reconciliation

    Net Income to AAP Net Income Reconciliatio RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME (Unaudited, in thousands, except per share amounts) Three Months Ended December 31, Year Ended December 31, 2022 2021 2022 2021 Net income $ 119,090 _$ 72,671 B7672, 242,023 Adjustments to reconcile net in

  13. Slide 13: GAAP to Non-GAAP Reconciliation

    GAAP to Non-GAAP Reconciliation RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited, in thousands) ‘Three Months Ended December 31, Year Ended December 31, 2022 2024 2022 2024 Gross profit S 267809 S—193,873 S 1048552 “$685,459 Gross margin 58.2% 57.6% 58.4% 56.8% Adjustments to recon

  14. Slide 14: GAAP to Non-GAAP Reconciliation

    GAAP to Non-GAAP Reconciliation RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME (Unaudited, in thousands) ‘Three Months Ended December 31, Year Ended December 31, 2022 2024 2022 2024 Total operating income S 13689 S 78.571 S_ 526785 S _ 262.417 Adjustments to reconcile total operatin

  15. Slide 15: Non-GAAP Reconciliation: 2023 First Quarter Outlook

    AAP Reco atio 2023 FIRST QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) Three Months Ending March 31, 2023 Low High Gross margin 57.4% 58.0% Adjustment to reconcile gross margin to non-GAAP gross margin: Stock-based compensation expense Non-GAAP gross margin 0.3%

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