Slide 1: MediaTek 2021-Q3 Investor Conference
聯發科技 2021年第三季法人說明會 MediaTek 2021-Q3 Investor Conference October 26, 2021 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
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 technologies, ability to ramp
Slide 3: Consolidated Revenue
Consolidated Revenue (NT$ million) QoQ YoY 4.3% 34.7% 140,000 131,074 125,653 120,000 100,000 97,275 80,000 60,000 40,000 20,000 0 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.5pt 2.5pt 50% 46.2% 46.7% 45% 44.2% 40% 35% 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 9.3% 12.4% 35,000 31,929 30,000 28,400 29,204 5,076 3,648 3,890 25,000 2,489 2,205 2,435 20,000 Sales 15,000 Admin 24,364 R&D 22,547 22,879 10,000 5,000 0 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 1.6% 100.2% 35,000 30,000 28,834 29,287 25,000 20,000 14,628 15,000 10,000 5,000 0 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY -0.6pt 7.3pt 25% 22.9% 22.3% 20% 15.0% 15% 10% 5% 0% 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY 2.8% 112.2% 30,000 27,587 28,361 25,000 20,000 15,000 13,367 10,000 5,000 0 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -0.4pt 7.9pt 25% 22.0% 21.6% 20% 13.7% 15% 10% 5% 0% 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY 0.48 9.5 20.00 17.44 17.92 18.00 16.00 14.00 12.00 10.00 8.42 8.00 6.00 4.00 2.00 0.00 3Q20 2Q21 3Q21 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook For 2021-Q4, we currently expect: Consolidated revenue: Around NT$120.6 billion ~ 131.1 billion, at a forecast exchange rate of 28 NT dollars to 1 US dollar Consolidated gross margin: 47.5% ± 1.5% Consolidated operating expense ratio: 25% ± 2% Copyright © MediaTek Inc. All r
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 3Q21 2Q21 3Q20 Q-Q Y-Y Net Sales 131,074 125,653 97,275 4.3% 34.7% Operating costs (69,858) (67,615) (54,246) Gross profit 61,216 58,038 43,028 5.5% 42.3% Selling expenses (5,076) (3,890) (3,648) Administration expenses (2,489)
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 3Q21 2Q21 3Q20 Gross profit 46.7% 46.2% 44.2% Selling expenses (3.9%) (3.1%) (3.7%) Administration expenses (1.9%) (1.9%) (2.3%) R&D expenses (18.6%) (18.2%) (23.2%) Operating income 22.3% 22.9% 15.0% Non-operating income 2.2% 2.2% 0.8% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 3Q21 2Q21 3Q20 Cash & financial assets-current 187,344 238,281 184,310 Accounts receivable 55,717 48,414 37,997 Inventories 68,793 63,149 31,010 Other current assets 10,031 10,411 16,630 Funds and investments 122,654 139,127 95,939 Intangible asset
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 3Q21 2Q21 3Q20 Net cash provided by (used in) operating activities (4,323) 28,131 31,839 Net cash provided by (used in) investing activities (10,872) (2,294) (2,687) Net cash provided by (used in) financing activities (35,835) 1,162 (25,402) Effect o
Slide 17: Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment Copyright © MediaTek Inc. All rights reserved. 16
Slide 18: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 3Q21 2Q21 3Q20 Q-Q Y-Y Operating income 29,287 28,834 14,628 1.6% 100.2% TIFRS Operating income margin(%) 22.3% 22.9% 15.0% Share-based compensation 453 123 418 Reconciliations Amortization of acquisition related assets 136
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 3Q21 Product Group* QoQ% YoY% Revenue Breakdown Mobile Phone 56% 2% 72% IoT, Computing and ASIC 23% 11% 22% Smart Home 14% 4% 13% Power IC 7% 6% 26% Total 100% 4% 35% * Mobile Phone: 5G/4G/3G smartphone and feature phone IoT, Computing and ASIC: wireless/wir
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19