Slide 1: 2023 Third Quarter Earnings Conference
Stock Code: 6643 TT 2023 Third Quarter Earnings Conference November 9th, 2023 1
Slide 2: Agenda
Agenda • Welcome Silvia Su, Spokesperson • 3Q23 Financial Results Silvia Su, Spokesperson • 4Q23 Outlook & Key Messages Scott Chang, CEO • Q&A Scott Chang, CEO 22
Slide 3: 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 4: 3Q23 Financial Results
3Q23 Financial Results M31 Technology Corporation. Proprietary and Confidential 4
Slide 5: 3Q23 Statements of Comprehensive Income
3Q23 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 5% 3Q23 3Q23 (In NT$ thousands unless 3Q23 2Q23 3Q22 over over otherwise noted) 2Q23 3Q22 Net Revenue (US$ thousands) 13,785 11,590 10,644 +18.9% +29.5% Net Revenue 432,489 347,797 323,460 +24.4% +33.7% Gr
Slide 6: 3Q23 Balance Sheets
3Q23 Balance Sheets Selected Items from Balance Sheets 3Q23 2Q23 3Q22 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 1,047,864 46% 1,254,658 53% 937,131 45% Accounts Receivable 318,906 14% 198,760 8% 218,530 10% Other current assets 173,836 8% 213,941 9% 148,444 7% Net PP
Slide 7: 3Q23 Cash Flow
3Q23 Cash Flow (In NT$ thousands) 3Q23 2Q23 3Q22 9 Months Ended 6 Months Ended 9 Months Ended Beginning Balance 546,776 546,776 307,421 Cash generated from operating activities 68,613 17,076 440,411 Cash used in investing activities 371,829 452,547 (19,409) Cash generated from/(used in) financing ac
Slide 8: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential
Slide 9: Revenue by Income Source
3Q23 Revenue by Income Source 100% 100% 12.8% 15.1% 22.8% 20.1% 21.4% 20.2% 32.0% 28.6% 80% 80% 60% 60% 87.2% 84.9% 40% 77.2% 79.9% 40% 78.6% 79.8% 68.0% 71.4% 20% 20% 0% 0% 3Q22 4Q22 1Q23 2Q23 3Q23 2021 2022 1Q~3Q23 License Fee Royalty License Fee Royalty 99
Slide 10: Revenue by Region
3Q23 Revenue by Region 100% 2.3% 100% 6.7% 13.3% 18.8% 18.6% 14.7% 19.5% 21.8% 28.6% 80% 80% 26.2% 16.5% 22.1% 19.5% 18.7% 26.3% 23.5% 60% 60% 26.1% 18.3% 22.3% 14.7% 18.1% 5.8% 12.9% 40% 40% 17.2% 62.3% 49.1% 47.2% 48.8% 43.7% 46.6% 20% 20% 41.7% 28.0% 0% 0% 3Q22 4Q22 1Q23 2Q23 3Q23 2021 2022 1Q~3Q
Slide 11: Revenue by Customer Type
3Q23 Revenue by Customer Type 100% 100% 24.1% 24.9% 27.4% 33.6% 80% 40.7% 40.7% 80% 42.9% 47.7% 60% 60% 40% 40% 75.9% 75.1% 72.6% 66.4% 59.3% 59.3% 57.1% 52.3% 20% 20% 0% 0% 3Q22 4Q22 1Q23 2Q23 3Q23 2021 2022 1Q~3Q23 Fabless Foundry Fabless Foundry 11 11
Slide 12: Fabless License Fee by Nodes
3Q23 Fabless License Fee by Nodes 100% 2.6% 2.6% 2.5% 100% 2.7% 5.3% 3.2% 6.4% 4.1% 10.3% 7.6% 6.2% 8.6% 14.7% 14.9% 20.2% 80% 80% 25.1% 43.5% 43.1% 51.5% 60% 46.1% 62.2% 60% 47.5% 38.0% 41.9% 40% 40% 16.6% 19.6% 33.5% 17.9% 36.3% 22.4% 11.1% 20% 20% 20.9% 20.4% 19.7% 17.0% 13.6% 16.5% 7.4% 10.7% 5.
Slide 13: Foundry License Fee by Nodes
3Q23 Foundry License Fee by Nodes 100% 100% 31.3% 35.9% 80% 80% 49.4% 47.4% 54.7% 68.7% 2.8% 60% 60% 5.9% 85.1% 100.0% 23.5% 40% 10.6% 40% 18.4% 30.5% 65.8% 13.0% 15.8% 20% 20% 32.2% 34.7% 21.7% 22.1% 15.6% 14.9% 0% 0% 3Q22 4Q22 1Q23 2Q23 3Q23 2021 2022 1Q~3Q23 12~16nm 22~28nm 40~65nm 90~180nm 12~16
Slide 14: Recap of 3Q23 Operating Result
Recap of 3Q23 Operating Result 3Q23 financial results deliver M31’s profitable growth by well cost control with OP margin up +8.6% QoQ and +13.7% YoY. Revenue of royalties starts to rebound in 3Q23 despite overall utilization rate in foundries was still lower than last year. China’s fabless cu
Slide 15: M31 Future Prospects
M31 Future Prospects a" (ZB M31 M31 Technology.Corporation. Proprietary and Confidential 15 = \ pee \ ‘| Z| ] —— if |
Slide 16: Thank You
Your IP Partner Your Virtual Team Thank You 16