Slide 1: Magnachip Semiconductor Q4 2024 and 2024 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q4 2024 and 2024 Earnings Materials March 12, 2025 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: Q4 and 2024 Financial Summary
Q4 and 2024 Financial Summary On a full year basis, consolidated revenue increased 0.7% in calendar 2024. Excluding the wind-down of Transitional Foundry Services, Standard Product revenue increased 13% year-over-year. MX Guidance Q4 2024 Q/Q Change Y/Y Change 2024 2023 Y/Y Change Range Consolidated
Slide 4: Q4 and 2024 Report by Business
Q4 and 2024 Report by Business Q4 2024 Q3 2024 Q/Q Change Q4 2023 Y/Y change 2024 2023 Y/Y change Revenue $43.5 M $47.6 M down 8.7% $32.6 M up 33.2% $166.8 M $151.3 M up 10.2% PAS Q4 revenue of $43.5 million was at the mid-point of our guidance range of $42.0 to $45.0 million. Full-year PAS revenue
Slide 5: Q4 and 2024 Key Financials
Q4 and 2024 Key Financials (In $ millions, except for share data and days calculation) Non-GAAP Metrics Q4 2024 Q3 2024 Q4 2023 2024 2023 Adjusted Operating Loss ($7.0) ($9.0) ($14.1) ($40.2) ($41.2) Non-GAAP Adjusted EBITDA ($2.6) ($4.9) ($10.0) ($23.6) ($24.2) Metrics Adjusted Net Income (Loss) $2
Slide 6: Q1 & 2025 Outlook
Q1 & 2025 Outlook Beginning Q1 2025, the Company will become a pure-play Power company, which will include PAS and Power IC business lines. The Display business will be classified as discontinued operations and reported separately from Q1. While actual results may vary, Magnachip currently expects t
Slide 7: Q4 2024 Financial Highlights
Q4 2024 Financial Highlights 7 7
Slide 8: 2024 Financial Highlights
2024 Financial Highlights (1) Following the consummation of the sale of the Foundry Services Group business and Fab 4 in Q3 2020, we provided transitional foundry services to the buyer for foundry products manufactured in our fabrication facility located in Gumi, Korea, known as “Fab 3” (“Transition
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars) We present Adjusted Operating Loss as a supplemental measure of our performance. We define Adjusted Operating Loss for the periods indicated as operating loss adjusted to exclude (i) Equ
Slide 10: 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 EBITDA and Adjusted Net Income (Loss) as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (a