Slide 1: Monolithic Power Systems Q2 '21 Earnings Call
Monolithic Power Systems Q2 ‘21 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO July 27, 2021 rev 20180504 mrs
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains, and statements thatwill be made during the accompanying teleconference will contain, forward-looking statements, as thatterm is definedin the Private Securities Litigation Reform Act of 1995, including, among otherthings, (i) projected revenues, GAAP
Slide 3: Quarterly Revenue 2017 to 2021
uarterly Revenue 2017 to 202 $310 $290 $270 $250 $230 $210 + $190 $170 $150 $130 $110 $90 $70 + 7 18 19-20 718 19202
Slide 4: Revenue Growth by Market — '21 Q2 vs
Revenue Growth by Market — ‘21 Q2 vs Computing and Storage Consumer Automotive Industrial Communications Total Revenue Q?12i up 30.0 % up 14.9 % up 8.5% up 8.9% up 3.9% up 15.3 % Q2 20 up 36.9% up 59.7 % up 173.9 % up 62.9% up 24.5% up 57.5% mrS
Slide 5: 2021 Q2 Selected P&L Data
2021 Q2 Selected P&L Data Change vs. 21Q1 Change vs. 2002 2101 2002 § % § % $254.5 $186.2 $389 15.3% $107.1 57.5% Gross Margin 56.0% 55.4% 55.1% $23.2 60 bps $61.6 90bps Opex $103.6 $95.0 $74.6 $8.6 9.1% $28.9 38.8% Operating Inc. $60.6 $46.1 $28.0 $14.5 31.6% $32.7 116.9% Op Inc. Margin 20.7% 18.1%
Slide 6: Q2 Selected Balance Sheet Data
Q2 Selected Balance Sheet Data Sin millions 2102 2101 2002 Cash and Cash Equivalents and Investments $672.9 $641.6 $515.4 Cash Flow from Operations $96.9 $774 $59.3 Capital Spending $39.3 $19.0 $14.6 Accounts Receivable Dollars $77.6 $84.1 $55.1 Days 24 30 27 Inventory Dollars $177.3 $175.2 © $152.4
Slide 7: 2021 Q3 Outlook
2021 Q3 Outloo $ & shares in millions Range Revenue $309.0 $321.0 | GAAP Gross Margin 57.3% 57.9% R&D and SG&A $104.1 $108.1 SSS Non-GAAP Gross Margin 57.6% 58.2% Gross Margin w/o One-Time Benefit 56.3% 56.9% R&D and SG&A $73.9 $75.9 Total Stock Compensation $31.2 $33.2 Litigation Expenses $2.3 $2.7
Slide 8: Monolithic Power Systems Q2 '21 Earnings Call
Monolithic Power Systems Q2 ‘21 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO July 27, 2021 rev 20180504 mrs
Slide 9: Net Income to Non-GAAP Net Income Reconciliation
Net Income to Non-GAAP Net Income Reconciliatio RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME Net income Acdjustments to reconcile net income to non-GAAP net income: Stock-based compensation expense Deferred compensation plan expense Tax effect Non-GAAP net income ‘Non-GAAP net income per shar
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation mrS
Slide 11: GAAP to Non-GAAP Reconciliation: 2021 Third Quarter Outlook
AAP to AAP Reconciliatio 2021 THIRD QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) Three Months Ending September 30, 2021 Low High Gross margin 373% 579% Adjustment to reconcile gross margin to non-GAAP gross margin: Stock-based compensation expense 0.3% 03% Non-