Slide 1: 2022 First Quarter Earnings Conference
Stock Code: 6643 TT 2022 First Quarter Earnings Conference www.m31tech.com May 18th, 2022 @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 2: 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 3: 1Q22 Financial Results
1Q22 Financial Results @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 4: Statements of Comprehensive Income
1Q22 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q22 1Q22 (In NT$ thousands unless 1Q22 4Q21 1Q21 over over otherwise noted) 4Q21 1Q21 Net Revenue (US$ thousands) 8,839 13,050 7,467 -32.3% +18.4% Net Revenue 247,722 364,122 213,135 -32.0% +16.2% Gross M
Slide 5: Balance Sheets
1Q22 Balance Sheets Selected Items from Balance Sheets 1Q22 4Q21 1Q21 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 814,205 41% 724,164 38% 1,151,401 55% Accounts Receivable 237,855 12% 319,072 16% 153,192 7% Other current assets 168,711 7% 88,953 4% 118,259 6% Net PP&E
Slide 6: Cash Flow
1Q22 Cash Flow (In NT$ thousands) 1Q22 4Q21 1Q21 3 Months Ended 12 Months Ended 3 Months Ended Beginning Balance 307,421 527,760 527,760 Cash generated from operating activities 135,956 224,520 41,943 Cash used in investing activities (97,816) (313,779) (407,929) Cash generated from/(used in) financ
Slide 7: Operating Result
Operating Result @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 8: Revenue by Income Source
1Q22 Revenue by Income Source 100% 100% 13.3% 11.6% 14.3% 17.0% 15.5% 14.9% 14.3% 15.1% 80% 80% 60% 60% 86.7% 88.4% 85.7% 83.0% 84.5% 85.1% 85.7% 84.9% 40% 40% 20% 20% 0% 0% 1Q21 2Q21 3Q21 4Q21 1Q22 2020 2021 1Q22 License Fee Royalty License Fee Royalty @ 2022 M31 Technology Corporation. Proprietary
Slide 9: Revenue by Region
1Q22 Revenue by Region 100% 100% 4.0% 5.3% 6.7% 8.7% 9.4% 8.3% 22.1% 22.1% 17.7% 25.8% 20.0% 80% 19.8% 80% 26.2% 42.0% 16.3% 16.3% 19.9% 60% 20.5% 19.6% 60% 30.7% 18.3% 19.4% 19.4% 12.2% 40% 40% 53.7% 50.3% 49.2% 48.8% 20% 41.8% 42.2% 20% 41.0% 42.2% 0% 0% 1Q21 2Q21 3Q21 4Q21 1Q22 2020 2021 1Q22 CN
Slide 10: Revenue by Customer Type
1Q22 Revenue by Customer Type 100% 100% 18.1% 19.3% 21.3% 24.8% 21.3% 24.9% 32.8% 80% 37.9% 80% 60% 60% 40% 81.9% 80.7% 78.7% 40% 75.2% 78.7% 75.1% 67.2% 62.1% 20% 20% 0% 0% 1Q21 2Q21 3Q21 4Q21 1Q22 2020 2021 1Q22 Fabless Foundry Fabless Foundry @ 2022 M31 Technology Corporation. Proprietary and Con
Slide 11: Fabless License Fee by Nodes
1Q22 Fabless License Fee by Nodes Fabless Fabless 100% 100% 5.8% 5.6% 5.0% 6.4% 7.9% 7.3% 7.9% 12.0% 8.8% 8.8% 19.8% 22.2% 80% 26.0% 80% 25.1% 33.5% 33.8% 35.3% 35.3% 60% 60% 42.7% 41.5% 49.1% 41.9% 40% 36.7% 40% 51.3% 45.8% 45.8% 20% 24.8% 20% 21.6% 19.1% 20.9% 17.7% 4.8% 5.3% 7.0% 4.7% 5.6% 2.3% 0
Slide 12: Foundry License Fee by Nodes
1Q22 Foundry License Fee by Nodes Foundry Foundry 100% 100% 11.4% 9.3% 11.4% 80% 80% 17.8% 40.7% 46.7% 49.4% 52.8% 72.1% 60% 58.8% 60% 58.8% 18.4% 22.0% 18.4% 40% 16.9% 40% 72.8% 20% 14.2% 40.9% 20% 30.3% 31.3% 29.8% 32.2% 29.8% 13.7% 0% 0% 1Q21 2Q21 3Q21 4Q21 1Q22 2020 2021 1Q22 22~28nm 40~65nm 90~
Slide 13: Recap of 1Q22 Operating Result
Recap of 1Q22 Operating Result • Considering the first quarter is traditionally a low season, 1Q22 revenue YoY growth by 18.4% in USD meets the expectation. - With growing AI and High-Performance Computing (HPC) trends, spec upgrades in high-speed interface IP leads to continued demand in technology
Slide 14: @ 2022 M31 Technology Corporation. Proprietary and Confidential
@ 2022 M31 Technology Corporation. Proprietary and Confidential 14 14
Slide 15: Thank You
M31, your IP partner, your virtual team Thank You www.m31tech.com @ 2022 M31 Technology Corporation. Proprietary and Confidential