Slide 1: Xiaomi Corporation Q2 2024 Results Announcement
Xiaomi Corporation Q2 2024 Results Announcement
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Xiaomi Corporation (the “Company”, and together with its sub
Slide 3: Q2 2024 Overall Financial Highlights
Q2 2024 Overall Financial Highlights Group Smartphone x AIoT4 Revenue Gross Profit Margin Revenue Gross Profit Margin RMB % RMB % 88.9 billion 20.7% 82.5 billion 21.1% +32.0% YoY +22.5% YoY Smart EV and Other New Initiatives Adjusted Net Profit1 Cash Resources3 RMB RMB Revenue Gross Profit Margin 6.
Slide 4: Q2 2024 Overall Business Highlights
Q2 2024 Overall Business Highlights Leading Smartphone Market Position Leading AIoT Platform Number of AIoT Users with 5 or More Global Ranking1 Global Market Share1 Connected Devices2 Connected Devices2 #3 14.6% 822.2 million 16.1 million +1.8% YoY +25.6% YoY +24.2% YoY Strong EV Momentum Expanding
Slide 5: Corporate Strategy: Human x Car x Home
Corporate Strategy Human x Car x Home 5
Slide 6: Ranked Top 3 for 16 Consecutive Quarters
Ranked Top 3 for 16 Consecutive Quarters Highest Shipment Growth Among the Top Five Players Q2 2024 Q2 2024 YoY Shipments Vendor Global Shipments 14.6% Market Share Change 300.0 (Million Units) 14.1% 13.8% Samsung 53.5 18.5% 1.1% 250.0 12.8% 12.8% 11.8% 191.2 200.0 Apple 45.6 15.8% 5.9% 149.6 152.7
Slide 7: Leading Position in All Major Markets Globally
Leading Position in All Major Markets Globally Ranked No.2 in Latin America for the First Time Q2 2024 Smartphone Shipments Ranking and Market Share +1.8% No.3 No.3 19.9% +4.1% +0.8% Europe No.5 14.6% No.2 14.2% Global 21.2% Mainland China Middle East +2.1% No.2 +3.1% No.2 17.2% 18.6% No.3 Southeast
Slide 8: Increasing Premium Smartphone Market Share
Increasing Premium Smartphone Market Share Premium Smartphone as % of Total Increasing Premium Smartphone Market Share Smartphone Units Sold in Mainland China1 in Mainland China1 20.1% 22.1% 16.8% 16.6% 21.7% 20.3% 11.5% 17.7% 17.0% 8.9% 6.6% 2021 2022 2023 Q1 2024 Q2 2024 RMB3,000-4,000 RMB4,000-5,
Slide 9: Expanding Offline Retail Network in Mainland China
Expanding Offline Retail Network in Mainland China Smartphone Offline Market Share1 10.4% 9.0% 8.4% 12,000+ 6.7% 6.7% Mi Homes in Mainland China2 5.2% 4.9% 2019 2020 2021 2022 2023 Q1 2024 Q2 2024 1 By units sold in mainland China, according to third-party data 2 As of June 30, 2024 9
Slide 10: Record Results During 618 e-Commerce Shopping Festival
Record Results During 618 e-Commerce Shopping Festival Record High Omnichannel Cumulative No.1 Domestic Smartphone Brand Paid GMV over RMB 26.3 billion1 by Sales Volume and Sales Value2 1 Including Mi Stores, Mi Homes, Xiaomi Youpin, authorized e-commerce platforms and retailers; Data collected from
Slide 11: Commenced Delivery of Xiaomi SU7 in Q2
Commenced Delivery of Xiaomi SU7 in Q2 • 27,307 Xiaomi SU7 Delivered in Q2 • Expected to Deliver 100,000 Vehicles by November 2024 • Target to Deliver 120,000 Vehicles in 2024 SU7 Ultra 11
Slide 12: Best-Selling Pure-Electric Sedan in July
Best-Selling Pure-Electric Sedan in July1 Source DCar (www.dongchedi.com) 1 Over RMB200,000 12
Slide 13: Expanding EV Sales Network
Expanding EV Sales Network July 31 102 Sales Centers in 34 Cities June 30 c 87 Sales Centers in 30 Cities March 28 c 59 Sales Centers in 29 Cities 13
Slide 14: Rapid Progress in Smart Assisted Driving
Rapid Progress in Smart Assisted Driving City NOA1 Available in 10 Cities from June, Nationwide Coverage Scheduled in August2 Beijing Shanghai Guangzhou Shenzhen Hangzhou Wuhan Chengdu Xi'an Nanjing Suzhou 1 Navigate on autopilot 2 This function will be implemented through OTA upgrades, with the upg
Slide 15: R&D Expenses Reached RMB5.5 billion in Q2 2024
R&D Expenses Reached RMB5.5 billion in Q2 2024 R&D Expenses RMB Billions ~24.0 Q2 2024 R&D Expenses 19.1 up 20.7% YoY 16.0 13.2 Number of R&D Employees1 10.7 9.3 18,000+ 7.5 5.8 3.2 Number of Granted Patents Globally1 40,000+ 2017 2018 2019 2020 2021 2022 2023 2024 1 As of June 30, 2024 15
Slide 16: AI Empowered Human x Car x Home
AI Empowered Human x Car x Home Human Car Home New AI Features Self-developed Rolling Out Xiaomi LLM-Powered on Smartphones Large-Language Audio Model AI Assistant • AI Document Analytics • Xiaomi’s large-language audio July Smartphones/Tablets/TVs2 model will first be launched on Xiaomi SU7 in Augu
Slide 17: New Xiaomi Smart Factory in Beijing
New Xiaomi Smart Factory in Beijing Total Annual Self-developed Self-developed Investment Production Capacity Equipment Software RMB 2.4 billion 10 million units 96.8% 100% Self-developed General Production Equipment with a Modular Design 17
Slide 18: Listed as Fortune Global 500 Company for the 6th Consecutive Year
Listed as Fortune Global 500 Company for the 6th Consecutive Year
Slide 19: Financial Highlights
Financial Highlights
Slide 20: Q2 2024 Total Revenue Grew 32.0% YoY
Q2 2024 Total Revenue Grew 32.0% YoY Revenue RMB Billions 88.9 88.9 6.4 6.4 8.3 67.4 7.4 26.8 22.3 82.5 70.9 73.2 75.5 67.4 59.5 46.5 36.6 Q2 2023 Q2 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Smartphones IoT and lifestyle products Smartphone x AIoT1 Smart EV and other new initiatives Inte
Slide 21: Healthy Gross Profit Margins
Healthy Gross Profit Margins Overall Smartphone x AIoT1 Smart EV and Other New Initiatives % % % 21.0% 20.7% 21.0% 21.1% 15.4% Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2024 Smartphones IoT and Lifestyle Products Internet Services % % % 78.3% 74.1% 19.7% 17.6% 13.3% 12.1% Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2
Slide 22: Continued to Manage Core Business Operating Expenses
Continued to Manage Core Business Operating Expenses1 Total Operating Expenses RMB Billions 25.0 18.0% 16.0% 13.9% 20.0 13.5% 12.9% 12.8% 12.8% 14.0% 11.7% 12.0% 15.0 10.0% 2.7 2.5 2.9 8.0% 10.0 1.9 1.3 1.6 6.0% 4.0% 5.0 9.1 10.2 9.6 9.6 8.0 8.6 2.0% - 0.0% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2
Slide 23: Adjusted Net Profit Increased 20.1% YoY
Adjusted Net Profit Increased 20.1% YoY Adjusted Net Profit1 RMB Billions 10.0 9.0 8.0 2.3 7.0 1.7 1.8 6.0 2.4 1.4 5.0 4.0 1.1 3.0 6.0 6.5 6.2 5.1 4.9 2.0 3.2 1.0 0.0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Adjusted net profit1 Smart EV and other new initiatives adjusted net loss2 1 Defined
Slide 24: Record High Cash Position
Record High Cash Position Cash Resources1 RMB Billions 141.0 Our cash resources1 were 127.3 RMB141.0 billion, +24.5% YoY 113.2 Returned cash to shareholders through repurchasing 248 million shares (HKD3.68 billion2) in 20243 Q2 2023 Q1 2024 Q2 2024 1 Including but not limited to (i) cash and cash eq
Slide 25: ESG
ESG
Slide 26: ESG Awards and Recognitions
ESG Awards and Recognitions S&P Global Institutional Investor Recognized by Best ESG S&P Global’s Sustainability in Technology Hardware Sector Yearbook (China Edition) 20241 for the 3rd Consecutive Year 1 Based on S&P Global's 2024 Sustainability Yearbook (China Edition) 2024 26
Slide 27: Xiaomi SU7 was Awarded Low Carbon Car Top Runner
Xiaomi SU7 was Awarded Low Carbon Car Top Runner Note: Awarded “the Best C-Class Electric Sedan of 2024 China Low Carbon Car Top Runner” at the Automotive Industry Low Carbon Action Plan Development Forum 2024 hosted by the China Automotive Technology 27 and Research Center on July 9, 2024
Slide 28: Smartphones
Smartphones
Slide 29: Smartphones Revenue Achieved 27.1% YoY Growth in Q2 2024
Smartphones Revenue Achieved 27.1% YoY Growth in Q2 2024 Smartphones Revenue RMB Billions 46.5 46.5 In Q2 2024, smartphones revenue was RMB46.5 billion, up 27.1% YoY 36.6 Smartphone shipments were 42.2 million units, up 28.1% YoY Q2 2023 Q1 2024 Q2 2024 29
Slide 30: Increased Market Share in Emerging Markets
Increased Market Share in Emerging Markets No.31 No.21 No.21 No.21 Africa Middle East Southeast Asia Latin America Smartphone Shipments Smartphone Shipments Smartphone Shipments Smartphone Shipments Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 1 The market share ranking of Xiaomi;
Slide 31: New Product Launch: Xiaomi MIX Flip and MIX Fold 4
New Product Launch: Xiaomi MIX Flip and MIX Fold 4 Launched in Mainland China in July 2024 Snapdragon® 8 Gen 3 Snapdragon® 8 Gen 3 Leading Version Leading Version 4.59mm Unfolded 200+ Applications Optimized 9.47mm Folded for Outer Display 226g Lightweight Xiaomi x Leica Quad Camera System with Summi
Slide 32: New Product Launch: Redmi K70 Ultra
New Product Launch: Redmi K70 Ultra Launched in Mainland China in July 2024 MediaTek Dimensity Rage Gaming Xiaomi AISP Imaging 9300+ Chipset D1 Chip Algorithms 3D Ice-Sealed Xiaomi IP68 Rating for Water Cooling System Ceramic Glass Resistance up to 2 Meters Redmi K70 Ultra Champion Edition Partnered
Slide 33: IoT and Lifestyle Products
IoT and Lifestyle Products
Slide 34: Global Leading Consumer AIoT Platform
Global Leading Consumer AIoT Platform Number of Connected Devices1 Users with 5 or More Devices Millions Connected to Xiaomi’s AIoT Platform1 822.2 Millions 786.1 16.1 15.2 14.5 739.7 13.7 13.0 698.9 654.5 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Mi Home App MA
Slide 35: Record High IoT and Lifestyle Products Revenue
Record High IoT and Lifestyle Products Revenue IoT and Lifestyle Products Revenue RMB Billions 26.8 In Q2 2024, IoT and lifestyle products revenue reached RMB26.8 billion, 22.3 20.4 up 20.3% YoY, registered a record high Gross profit margin reached 19.7% Q2 2023 Q1 2024 Q2 2024 35
Slide 36: Smart Large Home Appliances: Robust Growth
Smart Large Home Appliances: Robust Growth Air Washing Refrigerators Conditioners Machines Air conditioner shipments Refrigerator shipments Washing machine shipments exceeded 3.3mn units in Q2 2024 exceeded 600k units in Q2 2024 exceeded 400k units in Q2 2024 up 40%+ YoY up 25%+ YoY up 30%+ YoY 36
Slide 37: Tablets: Ranked Top 5 Globally and Top 3 in Mainland China
Tablets: Ranked Top 5 Globally and Ranked Top 3 in Mainland China in Q2 2024 Q2 2024 Q2 2024 YoY Shipments Vendor Global Shipments Market Share Change (Million Units) Apple 13.9 38.7% 18.5% Samsung 6.8 18.9% 12.7% Huawei 2.5 7.0% 50.8% Lenovo 2.5 6.9% 16.3% Xiaomi Xiaomi 2.1 2.1 6.0% 6.0% 106.4% 106
Slide 38: Wearables: Leading Position Globally
Wearables: Leading Position Globally Wearable Bands TWS Global Mainland China Global Mainland China Shipments Shipments Shipments Shipments No.3 No.2 No.3 No.1 Source: Canalys, by shipments in Q2 2024 38
Slide 39: Internet Services
Internet Services
Slide 40: Global MAU Reached 676 million and Mainland China MAU 164 million
Global MAU Reached 676 million and Mainland China MAU Reached 164 million in Q2 2024 Global MAU1 YoY % 11.5% Millions 675.8 Global MAU1 reached 675.8 million, 606.0 18.2 16.8 17.8 17.1 YoY growth of 69.8 million Mainland China MAU1 reached 164.4 million, YoY growth of 15.1 million Q2 2023 Q3 2023 Q4
Slide 41: Record High Internet Services Revenue
Record High Internet Services Revenue Internet Services Revenue RMB Billions In Q2 2024, internet services revenue 8.0 8.3 reached RMB8.3 billion, 7.4 1.3 1.3 up 11.0% YoY, registered a record high 1.3 1.0 1.2 1.0 Advertising revenue reached RMB6.0 billion, up 16.9% YoY, registered a record high 5.5
Slide 42: Overseas Internet Services Revenue Reached a Record High
Overseas Internet Services Revenue Reached a Record High Overseas Internet Services Revenue as % of Total Internet Services Revenue In Q2 2024, overseas internet services revenue reached a record 32.1% 31.2% high of RMB2.7 billion, up 32.9% YoY, 30.0% accounting for 32.1% of total internet 29.4% ser
Slide 43: IR@xiaomi.com https://ir.mi.com/
IR@xiaomi.com https://ir.mi.com/