Slide 1: MediaTek 2021-Q1 Investor Conference
聯發科技 2021年第一季法人說明會 MediaTek 2021-Q1 Investor Conference April 28, 2021 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
Safe Harbor Statement These factors may cause actual results materially different from the information provided herein. The factors include the impact of competitive products and pricing, timely acceptance of products design by our customers, timely introduction of new technologies, ability to ramp
Slide 3: Consolidated Revenue
Consolidated Revenue (NT$ million) QoQ YoY 12.1% 77.5% 120,000 108,033 100,000 96,405 80,000 60,863 60,000 40,000 20,000 0 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.4pt 1.8pt 50% 44.5% 44.9% 45% 43.1% 40% 35% 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses QoQ (NT$ million) YoY 3.0% 38.6% 30,000 28,322 27,491 3,388 25,000 3,713 2,508 20,435 1,753 20,000 3,556 1,542 Sales 15,000 Admin 22,025 22,427 R&D 10,000 15,336 5,000 0 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 31.4% 248.1% 25,000 20,198 20,000 15,373 15,000 10,000 5,802 5,000 0 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 2.8pt 9.2pt 20% 18.7% 15.9% 15% 10% 9.5% 5% 0% 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY 72.3% 344.1% 30,000 25,777 25,000 20,000 14,957 15,000 10,000 5,804 5,000 0 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 8.4pt 14.4pt 25% 23.9% 20% 15.5% 15% 9.5% 10% 5% 0% 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY 6.86 12.57 18.00 16.21 16.00 14.00 12.00 10.00 9.35 8.00 6.00 4.00 3.64 2.00 0.00 1Q20 4Q20 1Q21 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook For 2021-Q2, we currently expect: Consolidated revenue: Around NT$118.8 billion ~ 127.5 billion, at a forecast exchange rate of 28.2 NT dollars to 1 US dollar Consolidated gross margin: 45% ± 1.5% Consolidated operating expense ratio: 23% ± 2% Copyright © MediaTek Inc. All r
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 1Q21 4Q20 1Q20 Q-Q Y-Y Net Sales 108,033 96,405 60,863 12.1% 77.5% Operating costs (59,513) (53,542) (34,626) Gross profit 48,520 42,863 26,237 13.2% 84.9% Selling expenses (3,388) (3,713) (3,556) Administration expenses (2,508)
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 1Q21 4Q20 1Q20 Gross profit 44.9% 44.5% 43.1% Selling expenses (3.1%) (3.9%) (5.8%) Administration expenses (2.3%) (1.8%) (2.5%) R&D expenses (20.8%) (22.8%) (25.2%) Operating income 18.7% 15.9% 9.5% Non-operating income 8.2% 1.6% 1.5% Income tax expen
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 1Q21 4Q20 1Q20 Cash & financial assets-current 213,483 210,113 198,570 Accounts receivable 46,371 33,133 25,376 Inventories 56,668 37,677 32,669 Other current assets 13,633 10,939 8,661 Funds and investments 130,414 116,767 81,096 Intangible assets
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 1Q21 4Q20 1Q20 Net cash provided by (used in) operating activities (1,450) 38,611 1,931 Net cash provided by (used in) investing activities (6,658) (2,782) 562 Net cash provided by (used in) financing activities 5,578 (9,540) (4,615) Effect of change
Slide 17: Supplemental Information: Reconciliations and Quarterly Revenue Product Segment
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment Copyright © MediaTek Inc. All rights reserved. 16
Slide 18: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 1Q21 4Q20 1Q20 Q-Q Y-Y Operating income 20,198 15,373 5,802 31.4% 248.1% TIFRS Operating income margin(%) 18.7% 15.9% 9.5% Share-based compensation 115 384 270 Reconciliations Amortization of acquisition related assets 198
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 1Q21 Product Group* QoQ% YoY% Revenue Breakdown Mobile Phone 54% 32% 149% IoT, Computing and ASIC 22% -4% 60% Smart Home 16% 5% 42% Power IC 7% 3% 47% Others 1% - - Total 100% 12% 78% * Mobile Phone: 5G/4G/3G smartphone and feature phone IoT, Computing and A
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19