Slide 1: 2023 First Quarter Earnings Conference
Stock Code: 6643 TT 2023 First Quarter Earnings Conference May 23rd, 2023 1
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: 1Q23 Financial Results
1Q23 Financial Results M31 Technology Corporation. Proprietary and Confidential 3
Slide 4: Statements of Comprehensive Income
1Q23 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q23 1Q23 (In NT$ thousands unless 1Q23 4Q22 1Q22 over over otherwise noted) 4Q22 1Q22 Net Revenue (US$ thousands) 10,297 15,679 8,839 -34.3% +16.5% Net Revenue 312,962 489,235 247,722 -36.0% +26.3% Gross
Slide 5: Balance Sheets
1Q23 Balance Sheets Selected Items from Balance Sheets 1Q23 4Q22 1Q22 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 1,223,550 52% 1,114,223 47% 814,205 41% Accounts Receivable 227,823 10% 325,217 14% 237,855 12% Other current assets 187,604 8% 219,880 9% 168,711 7% Net P
Slide 6: Cash Flow
1Q23 Cash Flow (In NT$ thousands) 1Q23 4Q22 1Q22 3 Months Ended 12 Months Ended 3 Months Ended Beginning Balance 546,776 307,421 307,421 Cash generated from operating activities (21,074) 651,573 135,956 Cash used in investing activities 322,092 (185,571) (97,816) Cash generated from/(used in) financ
Slide 7: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential
Slide 8: Revenue by Income Source
1Q23 Revenue by Income Source 100% 100% 14.3% 13.7% 15.1% 22.8% 21.4% 32.0% 28.6% 28.6% 80% 80% 60% 60% 85.7% 86.3% 84.9% 40% 77.2% 40% 78.6% 68.0% 71.4% 71.4% 20% 20% 0% 0% 1Q22 2Q22 3Q22 4Q22 1Q23 2021 2022 1Q23 License Fee Royalty License Fee Royalty 88
Slide 9: Revenue by Region
1Q23 Revenue by Region 100% 2.3% 100% 6.7% 14.1% 14.7% 13.3% 19.5% 18.8% 18.8% 22.1% 80% 80% 26.2% 16.3% 16.5% 22.1% 16.3% 18.7% 26.3% 26.3% 60% 60% 18.3% 22.3% 31.7% 18.1% 5.8% 19.4% 5.8% 40% 40% 62.3% 49.1% 48.8% 46.6% 49.1% 20% 42.2% 43.7% 20% 37.9% 0% 0% 1Q22 2Q22 3Q22 4Q22 1Q23 2021 2022 1Q23 C
Slide 10: Revenue by Customer Type
1Q23 Revenue by Customer Type 100% 100% 13.8% 21.3% 24.1% 24.9% 27.4% 33.6% 80% 40.7% 80% 40.7% 60% 60% 86.2% 40% 40% 78.7% 75.9% 75.1% 72.6% 66.4% 59.3% 59.3% 20% 20% 0% 0% 1Q22 2Q22 3Q22 4Q22 1Q23 2021 2022 1Q23 Fabless Foundry Fabless Foundry 10 10
Slide 11: Fabless License Fee by Nodes
1Q23 Fabless License Fee by Nodes 100% 2.0% 2.6% 100% 5.3% 3.2% 6.4% 4.1% 3.2% 7.9% 8.7% 10.3% 6.2% 8.6% 14.7% 14.7% 8.8% 80% 80% 25.1% 41.6% 35.3% 43.5% 43.1% 51.5% 60% 46.1% 60% 46.1% 41.9% 40% 40% 34.8% 16.6% 33.5% 45.8% 36.3% 22.4% 22.4% 20% 20% 20.9% 20.4% 12.9% 13.6% 10.7% 13.6% 7.4% 5.6% 0% 2
Slide 12: Foundry License Fee by Nodes
1Q23 Foundry License Fee by Nodes 100% 100% 11.4% 32.3% 80% 80% 49.4% 47.4% 68.7% 60% 58.8% 60% 85.1% 85.1% 100.0% 41.3% 40% 40% 18.4% 30.5% 15.8% 20% 20% 29.8% 32.2% 26.4% 22.1% 15.6% 14.9% 14.9% 0% 0% 1Q22 2Q22 3Q22 4Q22 1Q23 2021 2022 1Q23 12~16nm 22~28nm 40~65nm 90~180nm 12~16nm 22~28nm 40~65nm
Slide 13: Recap of 1Q23 Operating Result
Recap of 1Q23 Operating Result Thanks to new projects entering mass production, it helps to mitigate the impact of low utilization rate at foundries and royalty revenue keeps YoY growth momentum in 1Q23. The revenue of process at 28nm and below accounts for > 85% of license fee in 1Q23. Workin
Slide 14: M31 Future Prospects
M31 Future Prospects a" (ZB M31 M31 Technology.Corporation. Proprietary and Confidential 14 = \ pee \ ‘| Z| ] —— if |
Slide 15: Thank You
Your IP Partner Your Virtual Team Thank You 15