Magnachip Semiconductor Corporation · NYSE:MX

Magnachip Semiconductor — Q3 2020 Earnings Presentation

9 slides from Magnachip Semiconductor's earnings presentation, Oct 29, 2020

  1. Slide 1: MagnaChip Semiconductor Q3 2020 Earnings Materials

    MagnaChip Semiconductor (MX) Q3 2020 Earnings Materials October 29, 2020 Copyright © 2020 MagnaChip Semiconductor. All rights reserved.

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements • Information in this presentation regarding MagnaChip’s forecasts, business outlook, expectations and beliefs are forward-looking stateme nts within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward-looki

  3. Slide 3: Q3 2020 Highlights

    Q3 2020 Highlights • Completed sale of the Foundry Services Group business and Fab 4 on September 1, 2020 • Cash balance as of September 30, 2020 was $542.1 million including approximately $350.6 million cash proceeds – Paid $227.4 million to fully redeem 6.625% 2021 Senior Notes on October 2, 2020,

  4. Slide 4: Report by Business Line

    Q3 2020 Report by Business Line ➢ Display Solutions Q3 2020 Q2 2020 Q/Q change Q3 2019 Q3 2019 Y/Y change w/o non-Auto w/o non-Auto LCD biz LCD biz Revenue $69.6 M $69.2 M Up 0.6% $90.6 M $80.2 M down ~14% OLED $67.6 M $67.0 M Up 0.9% $78.3 M $78.3 M down ~14% • Huawei de-risk at our customer result

  5. Slide 5: Key Financials

    Q3 2020 Key Financials (In $ Millions, except for share data and days calculation) Profitability Q3 2020 Q2 2020 Q3 2019 Adjusted Operating Income $8.8 $10.1 $14.8 Adjusted EBITDA $11.7 $12.7 $17.4 Adjusted Net Income $5.1 $4.8 $8.2 Adjusted Earnings per Common Share - Diluted $0.14 $0.13 $0.21 Bala

  6. Slide 6: Long-term Targets and Q4 2020 Outlook

    Long-term Targets and Q4 2020 Outlook Long-term Target* By 2023 Revenue Double-digit CAGR growth Gross Profit Margin Consistently above 30% Adjusted Operating Expense** Below 18% of revenue Adjusted Operating Income % Exceed 10% Tax Rate*** 14-16% in 2-3 years (utilizing NOL) Capital Expenditure Spe

  7. Slide 7: Financial Highlights

    Q3 2020 Financial Highlights (In thousands of US dollars, except share data) (1) The Company will provide transitional foundry services for up to three years (“Transitional Fab 3 Foundry Services”). (2) Net income of $273.0 million, including income from discontinued operations reflecting the $287.1

  8. Slide 8: Appendix: GAAP to Non-GAAP Reconciliation

    Appendix: GAAP to Non-GAAP Reconciliation (In thousands of US dollars, except share data) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, September 30, 2020 2020 2019 2020 2019 Operating income $ 3,223 $ 8,622 $ 14,336 $ 17,810 $ 18,034 Adjustments: Equity-bas

  9. Slide 9: Appendix: GAAP to Non-GAAP Reconciliation

    Appendix: GAAP to Non-GAAP Reconciliation (In thousands of US dollars, except share data) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, September 30, 2020 2020 2019 2020 2019 Income (loss) from continuing operations $ 8,461 $ 11,774 $ (14,244) $ (10,843) $ (

Magnachip Semiconductor — Q3 2020 Earnings Presentation on 6ix