Slide 1: 2021 Fourth Quarter Earnings Conference
Stock Code: 6643 TT 2021 Fourth Quarter Earnings Conference www.m31tech.com March 9th, 2022 @ 2022 M31 Technology Corporation. Proprietary and Confidential
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: 4Q21 Financial Results
4Q21 Financial Results @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 4: 4Q21 Statements of Comprehensive Income
4Q21 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 4Q21 4Q21 (In NT$ thousands unless 4Q21 3Q21 4Q20 over Nver otherwise noted) 3Q21 4Q20 Net Revenue (US$ thousands) 13,050 7,890 10,616 +65.4% 22.9% Net Revenue 364,122 220,341 304,600 +65.3% 19.5% Gross Ma
Slide 5: 2021 Statements of Comprehensive Income
2021 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2021 (In NT$ thousands unless 2021 2020 over otherwise noted) 2020 Net Revenue (US$ thousands) 36,080 33,288 +8.4% Net Revenue 1,011,879 981,016 +3.1% Gross Margin 100% 100% Operating Expenses (698,985) (5
Slide 6: Balance Sheets
4Q21 Balance Sheets Selected Items from Balance Sheets 4Q21 3Q21 4Q20 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 724,164 38% 787,132 41% 972,376 55% Accounts Receivable 319,072 16% 235,748 13% 254,612 15% Other current assets 88,953 4% 113,874 6% 293,793 17% Net PP&E
Slide 7: Cash Flow
4Q21 Cash Flow (In NT$ thousands) 4Q21 3Q21 4Q20 12 Months Ended 9 Months Ended 12 Months Ended Beginning Balance 527,760 527,760 589,555 Cash generated from operating activities 224,520 91,667 385,631 Cash used in investing activities (313,779) (235,865) (145,322) Cash generated from/(used in) fina
Slide 8: Operating Result
Operating Result @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 9: Revenue by Income Source
4Q21 Revenue by Income Source 100% 100% 9.2% 11.6% 13.3% 15.5% 14.9% 15.1% 17.0% 80% 80% 60% 60% 90.8% 88.4% 86.7% 84.5% 85.1% 84.9% 40% 83.0% 40% 20% 20% 0% 0% 4Q20 1Q21 2Q21 3Q21 4Q21 2020 2021 License Fee Royalty License Fee Royalty @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 10: Revenue by Region
4Q21 Revenue by Region 100% 100% 3.2% 4.0% 5.3% 8.7% 9.4% 8.3% 6.7% 16.5% 17.7% 25.8% 20.0% 80% 19.8% 80% 26.2% 42.0% 19.9% 60% 37.8% 20.5% 60% 19.6% 18.3% 30.7% 12.2% 40% 40% 53.7% 50.3% 49.2% 48.8% 20% 42.5% 41.8% 20% 41.0% 0% 0% 4Q20 1Q21 2Q21 3Q21 4Q21 2020 2021 CN USA TW Others CN USA TW Others
Slide 11: Revenue by Customer Type
4Q21 Revenue by Customer Type 100% 100% 18.1% 19.3% 24.8% 24.9% 29.0% 32.8% 80% 37.9% 80% 60% 60% 40% 81.9% 80.7% 40% 75.2% 75.1% 71.0% 67.2% 62.1% 20% 20% 0% 0% 4Q20 1Q21 2Q21 3Q21 4Q21 2020 2021 Fabless Foundry Fabless Foundry @ 2022 M31 Technology Corporation. Proprietary and Confidential 11 11
Slide 12: Fabless License Fee by Nodes
Fabless License Fee by Nodes 100% 100% 4.5% 7.3% 5.8% 5.6% 5.0% 6.4% 12.0% 22.1% 19.8% 22.2% 80% 26.0% 80% 25.1% 33.5% 33.8% 60% 60% 42.7% 45.9% 41.5% 49.1% 41.9% 40% 36.7% 40% 51.3% 20% 24.8% 20% 21.4% 21.6% 20.9% 17.7% 19.1% 6.0% 2.8% 4.8% 5.3% 7.0% 4.7% 5.6% 0% 0% 4Q20 1Q21 2Q21 3Q21 4Q21 2020 20
Slide 13: Foundry License Fee by Nodes
Foundry License Fee by Nodes 100% 100% 9.2% 9.3% 15.3% 17.8% 80% 40.7% 80% 46.7% 49.4% 52.8% 72.1% 60% 60% 18.4% 22.0% 18.4% 40% 16.9% 40% 75.4% 72.8% 20% 14.2% 40.9% 20% 30.3% 31.3% 32.2% 13.7% 0% 0% 4Q20 1Q21 2Q21 3Q21 4Q21 2020 2021 22~28nm 40~65nm 90~180nm 22~28nm 40~65nm 90~180nm @ 2022 M31 Tec
Slide 14: Recap & Highlights
4Q21 Recap & Highlights • After a weak 3Q21 with the COVID-19 and foundry tight capacity impact, 4Q21 significant revenue growth benefits from recovery of new orders and recognition of deferred revenue over time. • With the development of 7nm and 5nm USB/PCIe/MIPI/ONFi IP, 3nm IP is developing in fu
Slide 15: Future Prospect
Future Prospect @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 16: M31 Products
M31 Products • Memory Compiler • GPIO, Specialty IO • Standard Cell • OPPA* Libraries 7nm / 12nm/ Specialty Process • USB • MIPI • PLL • LDO • PCIe • SATA • ADC • PVT Sensor 3nm / 5nm / 6nm / 7nm / 12nm • Processor Core Hardening • IP Subsystem Integration Service 12nm Arm M55 & U55 Processor Hardco
Slide 17: @ Corporation. 2022 M31 Technology Proprietary and Confidential
@Corporation. @ 2022 M31 Technology 2022 M31 Technology Proprietary Corporation. Proprietary and Confidential and Confidential 17 17 17
Slide 18: 2022 Prospect
2022 Prospect Revenue Target: +15%~20% growth YoY in USD @ 2022 M31 Technology Corporation. Proprietary and Confidential 18 18
Slide 19: Thank You
M31, your IP partner, your virtual team Thank You www.m31tech.com @ 2022 M31 Technology Corporation. Proprietary and Confidential