Slide 1: MediaTek 2024-Q4 Investor Conference
聯發科技 2024年第四季法人說明會 MediaTek 2024-Q4 Investor Conference February 7, 2025 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
2024-Q4 INVESTOR CONFERENCE 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 te
Slide 3: Consolidated Revenue
2024-Q4 INVESTOR CONFERENCE QoQ YoY YoY 4.7% 6.5% 22.4% Consolidated 160,000 138,043 600,000 530,586 131,813 Revenue 140,000 129,562 500,000 433,446 120,000 400,000 100,000 (NT$ million) 300,000 80,000 60,000 200,000 40,000 100,000 20,000 0 0 4Q23 3Q24 4Q24 2023 2024 Copyright © MediaTek Inc. All ri
Slide 4: Consolidated Gross Margin
2024-Q4 INVESTOR CONFERENCE QoQ YoY -0.3pts YoY 0.2pts 1.8pts Consolidated 55% 55% Gross Margin 50% 48.3% 48.8% 48.5% 50% 49.6% 47.8% 45% 45% 40% 40% 35% 35% 4Q23 3Q24 4Q24 2023 2024 Copyright © MediaTek Inc. All rights reserved.
Slide 5: Consolidated Operating Expenses
2024-Q4 INVESTOR CONFERENCE QoQ YoY 12.6% YoY 20.3% 18.7% Consolidated 50,000 45,000 40,483 45,589 180,000 160,000 160,974 Operating 37,881 5,642 17,034 40,000 135,568 4,237 3,194 140,000 11,947 35,000 4,659 2,985 14,479 Expenses 120,000 9,703 2,749 30,000 100,000 Sales 25,000 80,000 Admin (NT$ mill
Slide 6: Consolidated Operating Income
2024-Q4 INVESTOR CONFERENCE QoQ YoY YoY -10.3% -13.4% 42.6% Consolidated 30,000 120,000 102,412 Operating 25,000 24,736 23,864 21,412 100,000 Income 20,000 80,000 71,800 15,000 60,000 (NT$ million) 10,000 40,000 5,000 20,000 0 0 4Q23 3Q24 4Q24 2023 2024 Copyright © MediaTek Inc. All rights reserved.
Slide 7: Consolidated Operating Margin
2024-Q4 INVESTOR CONFERENCE QoQ YoY -2.6pts YoY -3.6pts 2.7pts Consolidated 30% 30% Operating 25% 19.1% 18.1% 25% 19.3% Margin 20% 15% 15.5% 20% 15% 16.6% 10% 10% 5% 5% 0% 0% 4Q23 3Q24 4Q24 2023 2024 Copyright © MediaTek Inc. All rights reserved.
Slide 8: Consolidated Net Income
2024-Q4 INVESTOR CONFERENCE QoQ YoY YoY -6.4% -6.9% 38.8% 40,000 120,000 107,141 Consolidated 35,000 30,000 100,000 Net Income 25,000 25,713 25,590 23,941 80,000 77,191 20,000 60,000 (NT$ million) 15,000 40,000 10,000 20,000 5,000 0 0 4Q23 3Q24 4Q24 2023 2024 Copyright © MediaTek Inc. All rights res
Slide 9: Consolidated Net Profit Margin
2024-Q4 INVESTOR CONFERENCE QoQ YoY -2.1pts YoY -2.5pts 2.4pts Consolidated 30% 30% Net Profit 25% 20% 19.8% 19.4% 25% 20% 17.8% 20.2% Margin 15% 17.3% 15% 10% 10% 5% 5% 0% 0% 4Q23 3Q24 4Q24 2023 2024 Copyright © MediaTek Inc. All rights reserved.
Slide 10: Consolidated Earnings Per Share
2024-Q4 INVESTOR CONFERENCE QoQ YoY -$0.99 YoY -$1.2 $18.41 18.00 80.00 16.15 15.94 14.95 Consolidated 16.00 14.00 70.00 66.92 Earnings Per 60.00 12.00 48.51 50.00 Share 10.00 40.00 8.00 30.00 (NT$) 6.00 4.00 20.00 2.00 10.00 0.00 0.00 4Q23 3Q24 4Q24 2023 2024 Copyright © MediaTek Inc. All rights re
Slide 11: Business Outlook
2024-Q4 INVESTOR CONFERENCE Business Outlook For 2025-Q1, we currently expect: • Consolidated revenue: Around NT$140.8 billion ~ 151.8 billion, at a forecast exchange rate of 32.5 NT dollars to 1 US dollar • Consolidated gross margin: 47% ± 1.5% • Consolidated operating expense ratio: 29% ± 2% Copyr
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
(TIFRS) Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved.
Slide 13: Consolidated Income Statement (4Q24)
2024-Q4 INVESTOR CONFERENCE (In NT$ millions, except EPS) 4Q24 3Q24 4Q23 Q-Q Y-Y Net Sales 138,043 131,813 129,562 4.7% 6.5% Operating costs (71,042) (67,466) (66,946) Gross profit 67,001 64,348 62,616 4.1% 7.0% Consolidated Selling expenses Administration expenses (5,642) (3,194) (4,237) (2,985) (4
Slide 14: Supplemental Information: Percentage of Revenue
2024-Q4 INVESTOR CONFERENCE 4Q24 3Q24 4Q23 Supplemental Gross profit 48.5% 48.8% 48.3% Information: Selling expenses Administration expenses (4.1%) (2.3%) (3.2%) (2.3%) (3.6%) (2.1%) Percentage of R&D expenses (26.6%) (25.2%) (23.5%) Revenue Operating income Non-operating income 15.5% 3.5% 18.1% 3.5
Slide 15: Consolidated Income Statement (2024)
2024-Q4 INVESTOR CONFERENCE (In NT$ millions, except EPS) 2024 2023 Y-Y Net Sales 530,586 433,446 22.4% Operating costs (267,200) (226,079) Consolidated Gross profit 263,386 207,367 27.0% Selling expenses (17,034) (14,479) Income Administration expenses (11,947) (9,703) R&D expenses (131,993) (111,3
Slide 16: Supplemental Information: Percentage of Revenue
2024-Q4 INVESTOR CONFERENCE 2024 2023 Supplemental Gross profit 49.6% 47.8% Information: Selling expenses Administration expenses (3.2%) (2.3%) (3.3%) (2.2%) Percentage of R&D expenses (24.9%) (25.7%) Revenue Operating income 19.3% 16.6% Non-operating income 3.2% 3.5% Income tax expense (2.3%) (2.2%
Slide 17: Balance Sheet Summary (Unaudited)
2024-Q4 INVESTOR CONFERENCE (In NT$ millions) 4Q24 3Q24 4Q23 Cash & financial assets-current 219,624 198,020 180,673 Accounts receivable 43,985 47,219 55,106 Balance Sheet Inventories 58,414 55,635 43,220 Summary Other current assets 29,002 26,215 11,889 Funds and investments 169,970 166,784 150,006
Slide 18: Cash Flow Statement (Unaudited)
2024-Q4 INVESTOR CONFERENCE Cash Flow (In NT$ millions) Net cash provided by (used in) operating activities 4Q24 44,685 3Q24 36,225 4Q23 101,536 Statement Net cash provided by (used in) investing activities (7,154) (3,844) (7,473) (Unaudited) Net cash provided by (used in) financing activities Effec
Slide 19: Supplemental Information
Supplemental Information Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment Copyright © MediaTek Inc. All rights reserved.
Slide 20: Reconciliations of TIFRS Results to Non-TIFRS Results (4Q24)
2024-Q4 INVESTOR CONFERENCE (In NT$ millions) 4Q24 3Q24 4Q23 Q-Q Y-Y Operating income 21,412 23,864 24,736 (10.3%) (13.4%) TIFRS Operating income margin(%) 15.5% 18.1% 19.1% Share-based compensation 498 300 269 Reconciliations Reconciliations Amortization of acquisition related assets 111 112 75 Ope
Slide 21: Reconciliations of TIFRS Results to Non-TIFRS Results (2024)
2024-Q4 INVESTOR CONFERENCE (In NT$ millions) 2024 2023 Y-Y Operating income 102,412 71,800 42.6% TIFRS Operating income margin(%) 19.3% 16.6% Share-based compensation 1,216 1,899 Reconciliations Reconciliations Amortization of acquisition related assets 374 438 Operating income 104,002 74,137 40.3%
Slide 22: Quarterly Product Group Revenue Breakdown
2024-Q4 INVESTOR CONFERENCE Quarterly 4Q24 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Product Group Mobile Phone 59% 14% -1% Revenue Smart Edge Platforms 35% -7% 24% Breakdown Power IC Total 6% 100% -1% 5% 1% 7% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smart
Slide 23: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved.