Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q4 2022 Earnings Presentation
10 slides from Magnachip Semiconductor's earnings presentation, Feb 16, 2023
Slide 1: Magnachip Semiconductor Q4 2022 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q4 2022 Earnings Materials February 16, 2023 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Information in this presentation regarding Magnachip’s forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward-looking
Slide 3: Q4 and Year 2022 Highlights
Q4 and Year 2022 Highlights Fourth quarter revenue of $61.0 million was near the high-end of our guidance range. YoY, our revenue decreased 44.7% primarily due to severe wafer shortages in our Display business. Revenue Full-year revenue of $337.7 million decreased 28.8% YoY due to significantly lowe
Slide 4: Q4 and 2022 Report by Business Line
Q4 and 2022 Report by Business Line Q4 2022 Q3 2022 Q/Q Change Q4 2021 Y/Y Change 2022 2021 Y/Y change Revenue $7.6 M $6.4 M up 18.9% $41.3 M down 81.7% $71.4 M $205.3 M down 65.2% OLED $5.5 M $3.1 M up 81.5% $37.7 M down 85.3% $59.3 M $192.8 M down 69.2% • Display revenue in Q4 was impacted by supp
Slide 5: Q4 and 2022 Key Financials
Q4 and 2022 Key Financials (In $ millions, except for share data and days calculation) Profitability Q4 2022 Q3 2022 Q4 2021(*) 2022 2021(*) Adjusted Operating Income (Loss) -$8.6 -$6.6 $14.4 $4.1 $56.1 Profitability Adjusted EBITDA -$4.8 -$3.0 $18.1 $19.5 $70.7 Adjusted Net Income (Loss) -$15.8 $1.
Slide 6: Q1 2023 Outlook
Q1 2023 Outlook • The Company’s near-term outlook is being challenged by previous OLED wafer allocation constraints that impacted 2nd half 2022 design-in projects and ongoing inventory correction in smartphones and other consumer end markets driven by weakening consumer demand. Q1 is also typically
Slide 7: Q4 2022 Financial Highlights
Q4 2022 Financial Highlights Q4 and 2022 Financial Highlights In thousands of U.S. dollars, except share data GAAP Q4 2022 Q3 2022 Q/Q change Q4 2021 Y/Y change Revenues Standard Products Business Display Solutions 7,556 6,355 up 18.9% 41,298 down 81.7% Power Solutions 46,271 56,416 down 18.0% 58,21
Slide 8: 2022 Financial Highlights
2022 Financial Highlights In thousands of U.S dollars, except share data GAAP 2022 2021 Y/Y Change Revenues Standard Products Business Display Solutions 71,432 205,322 down 65.2% Power Solutions 230,464 227,777 up 1.2% Transitional Fab 3 foundry services(1) 35,762 41,131 down 13.1% Gross Profit Marg
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation Three Months Ended Year Ended (In thousands of U.S. dollars) December 31, September30, December 31, December 31, December 31, 2022 2022 2021 2022 2021 Operating income (loss) $ (10,117) $ (10,008) $ 63,870 $ (5,244) $
Slide 10: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation Appendix: GAAP to Non-GAAP Reconciliation (In thousands of U.S. dollars, except share data) We present Adjusted EBITDA and Adjusted Net Income (Loss) as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (
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