M31 Technology Corp. · TPEX:6643
M31 Technology — Q4 2022 Earnings Presentation
16 slides from M31 Technology's earnings presentation, Mar 15, 2023
Slide 1: 2022年第四季法人說明會
Stock Code: 6643 TT 2022年第四季 法人說明會 March 15th, 2023 1
Slide 2: 免責聲明
免責聲明 • 本次法說會提供之簡報包含前瞻性陳述，內容包括對 於未來狀況之預測及評估。此前瞻性陳述係基於本公 司目前可得資訊對未來事件的期望和預測，儘管本公 司認為該期望和預測具合理性，但此類前瞻性聲明仍 涉及風險及不確定性。 • 鑒於這些風險、不確定性及假設，本公司實際結果可 能與這些前瞻性聲明中的預期存在重大差異。若因未 來實際結果與預期狀況有重大差異，除非法律要求， 本公司將不負責更新或公告這些預測的結果。 22
Slide 3: 4Q22/2022 Financial Results
4Q22/2022 Financial Results 33
Slide 4: 4Q22 Statements of Comprehensive Income
4Q22 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 4Q22 4Q22 (In NT$ thousands unless 4Q22 3Q22 4Q21 over over otherwise noted) 3Q22 4Q21 Net Revenue (US$ thousands) 15,679 10,644 13,050 +47.3% +20.1% Net Revenue 489,235 323,460 364,122 +51.3% +34.4% Gross
Slide 5: 2022 Statements of Comprehensive Income
2022 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2022 (In NT$ thousands unless 2022 2021 over otherwise noted) 2021 Net Revenue (US$ thousands) 45,296 36,080 +25.5% Net Revenue 1,360,165 1,011,879 +34.4% Gross Margin 100% 100% Operating Expenses (992,215
Slide 6: 2022 Balance Sheets
2022 Balance Sheets Selected Items from Balance Sheets 4Q22 3Q22 4Q21 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 1,114,223 47% 937,131 45% 724,164 38% Accounts Receivable 325,217 14% 218,530 10% 319,072 16% Other current assets 219,880 9% 148,444 7% 88,953 4% Net PP&E
Slide 7: 2022 Cash Flow
2022 Cash Flow (In NT$ thousands) 4Q22 3Q22 4Q21 12 Months Ended 9 Months Ended 12 Months Ended Beginning Balance 307,421 307,421 527,760 Cash generated from operating activities 651,573 440,411 224,520 Cash used in investing activities (185,571) (19,409) (313,779) Cash generated from/(used in) fina
Slide 8: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential
Slide 9: Revenue by Income Source
4Q22 Revenue by Income Source 100% 100% 11.6% 14.9% 14.3% 13.7% 15.1% 22.8% 21.4% 32.0% 80% 80% 60% 60% 88.4% 85.1% 85.7% 86.3% 84.9% 40% 40% 78.6% 77.2% 68.0% 20% 20% 0% 0% 4Q21 1Q22 2Q22 3Q22 4Q22 2020 2021 2022 License Fee Royalty License Fee Royalty 99
Slide 10: Revenue by Region
4Q22 Revenue by Region 100% 2.3% 100% 5.3% 6.7% 8.3% 14.1% 14.7% 13.3% 19.5% 22.1% 80% 25.8% 20.0% 80% 26.2% 16.3% 16.5% 22.1% 16.3% 18.7% 60% 19.6% 60% 30.7% 18.3% 22.3% 31.7% 18.1% 19.4% 40% 40% 62.3% 49.2% 48.8% 42.2% 43.7% 46.6% 20% 37.9% 20% 41.0% 0% 0% 4Q21 1Q22 2Q22 3Q22 4Q22 2020 2021 2022 C
Slide 11: Revenue by Customer Type
4Q22 Revenue by Customer Type 100% 100% 13.8% 21.3% 24.1% 24.8% 24.9% 27.4% 33.6% 32.8% 80% 80% 60% 60% 86.2% 40% 78.7% 40% 75.2% 75.9% 75.1% 72.6% 66.4% 67.2% 20% 20% 0% 0% 4Q21 1Q22 2Q22 3Q22 4Q22 2020 2021 2022 Fabless Foundry Fabless Foundry 11 11
Slide 12: Fabless License Fee by Nodes
4Q22 Fabless License Fee by Nodes 100% 100% 2.0% 5.3% 2.6% 5.0% 6.4% 4.1% 5.6% 7.9% 8.7% 10.3% 8.6% 6.2% 8.8% 19.8% 22.2% 80% 80% 25.1% 41.6% 35.3% 43.5% 43.1% 51.5% 60% 60% 42.7% 49.1% 41.9% 40% 40% 34.8% 16.6% 33.5% 45.8% 36.3% 20% 24.8% 20% 20.9% 19.1% 20.4% 12.9% 10.7% 7.0% 7.4% 4.7% 5.6% 0% 2.3
Slide 13: Foundry License Fee by Nodes
4Q22 Foundry License Fee by Nodes 100% 100% 11.4% 9.3% 32.3% 17.8% 80% 40.7% 80% 49.4% 47.4% 68.7% 60% 58.8% 60% 18.4% 100.0% 41.3% 40% 18.4% 40% 72.8% 30.5% 15.8% 20% 40.9% 20% 29.8% 32.2% 26.4% 22.1% 15.6% 0% 0% 4Q21 1Q22 2Q22 3Q22 4Q22 2020 2021 2022 22~28nm 40~65nm 90~180nm 22~28nm 40~65nm 90~18
Slide 14: Recap of 4Q22 Operating Result
Recap of 4Q22 Operating Result • Given a record-breaking revenue of NT$489 million in 4Q22, M31 2022 revenue soars by 34.4% YoY to NT$1,360 million with structural growth trend and annual earnings rise by 50% along with favorable exchange rate. - Benefitting from an increasing projects moving into m
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