Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q1 2022 Earnings Presentation
9 slides from Magnachip Semiconductor's earnings presentation, May 3, 2022
Slide 1: Magnachip Semiconductor Q1 2022 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q1 2022 Earnings Materials May 3, 2022 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: Q1 2022 Highlights
Q1 2022 Highlights Revenue of $104.1 million was down 5.7% sequentially and down 15.4% year-over-year (YoY). Revenue The decrease was mainly due to severe supply shortages for 28nm 12” OLED wafers, partially offset by record revenue in our Power Solutions business, which was up 11.4% sequentially an
Slide 4: Q1 2022 Report by Business Line
Q1 2022 Report by Business Line Q1 2022 Q4 2021 Q/Q Change Q1 2021 Y/Y Change Revenue $29.2 M $41.3 M down 29.3% $58.9 M down 50.4% OLED $26.1 M $37.7 M down 30.7% $55.7 M down 53.1% Display • As expected, severe shortages in 28nm 12-inch wafer capacity continued to materially impact our results Sol
Slide 5: Q1 2022 Key Financials
Q1 2022 Key Financials (In $ millions, except for share data and days calculation) Profitability Q1 2022 Q4 2021 Q1 2021 Adjusted Operating Income $14.5 $14.4 $10.0 Profitability Adjusted EBITDA $18.8 $18.1 $13.5 Adjusted Net Income $12.9 $14.6 $9.3 Adjusted Earnings per Common Share - Diluted $0.28
Slide 6: Q2 2022 Outlook
Q2 2022 Outlook • Our near-term outlook is still being challenged by persisting supply constraints especially for 28nm 12” wafers. While actual results may vary, looking into the next quarter, Magnachip currently expects: Q2 2022 Key Metrics Guidance Guidance Revenue To be in the range of $100 milli
Slide 7: Q1 2022 Financial Highlights
Q1 2022 Financial Highlights Q3 2020 Financial Highlights GAAP (In thousands of U.S. dollars, except share data) Q1 2022 Q4 2021 Q/Q change Q1 2021 Y/Y change Revenues Standard Products Business Display Solutions 29,185 41,298 down 29.3% 58,895 down 50.4% Power Solutions 64,825 58,212 up 11.4% 54,01
Slide 8: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation Three Months Ended March 31, December 31, March 31, (In thousands of U.S. dollars) 2022 2021 2021 Operating income (loss) $ 12,879 $ 63,870 $ (2,091) Adjustments: Equity-based compensation expense 1,638 1,648 1,646 In
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation Three Months Ended (In thousands of U.S. dollars, except share data) March 31, December 31, March 31, 2022 2021 2021 Net income (loss) $ 9,528 $ 53,611 $ (7,473) Adjustments: Interest expense (income), net (604) (726)
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