Slide 1: 2024 First Quarter Earnings Conference
Stock Code: 6643 TT 2024 First Quarter Earnings Conference May 9th, 2024 1
Slide 2: Agenda
Agenda • Welcome Silvia Su, Spokesperson • 1Q24 Financial Results Silvia Su, Spokesperson • Outlook & Key Messages Scott Chang, CEO • Q&A Scott Chang, CEO 22
Slide 3: Safe Harbor Notice
Safe Harbor Notice • M31’s statements of its current expectations are forward- looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Except as required by law, we undertake no obligation to
Slide 4: 1Q24 Financial Results
1Q24 Financial Results M31 Technology Corporation. Proprietary and Confidential 4
Slide 5: Statements of Comprehensive Income
1Q24 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q24 1Q24 (In NT$ thousands unless 1Q24 4Q23 1Q23 over over otherwise noted) 4Q23 1Q23 Net Revenue (US$ thousands) 10,904 16,726 10,297 -34.8% +5.9% Net Revenue 342,065 519,089 312,962 -34.1% +9.3% Gross M
Slide 6: Balance Sheets
1Q24 Balance Sheets Selected Items from Balance Sheets 1Q24 4Q23 1Q23 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 940,323 41% 1,147,938 48% 1,223,550 52% Accounts Receivable 259,900 11% 373,804 16% 227,823 10% Other current assets 276,481 12% 132,573 5% 187,604 8% Net
Slide 7: Cash Flow
1Q24 Cash Flow (In NT$ thousands) 1Q24 4Q23 1Q23 3 Months Ended 12 Months Ended 3 Months Ended Beginning Balance 849,121 546,776 546,776 Cash generated from operating activities (141,728) 241,341 (21,074) Cash used in investing activities (48,727) 332,001 322,092 Cash generated from/(used in) financ
Slide 8: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential
Slide 9: Revenue by Income Source
1Q24 Revenue by Income Source 100% 100% 8.6% 10.7% 10.7% 12.8% 16.5% 20.1% 21.4% 28.6% 80% 80% 60% 60% 91.4% 89.3% 89.3% 87.2% 40% 40% 83.5% 79.9% 78.6% 71.4% 20% 20% 0% 0% 1Q23 2Q23 3Q23 4Q23 1Q24 2022 2023 1Q24 License Fee Royalty License Fee Royalty 99
Slide 10: Revenue by Region
1Q24 Revenue by Region 100% 100% 14.7% 18.8% 18.6% 20.8% 21.5% 28.6% 29.3% 29.3% 80% 80% 16.5% 19.5% 26.3% 30.6% 60% 20.1% 60% 20.1% 26.1% 22.3% 45.5% 14.7% 5.8% 5.7% 5.7% 40% 40% 13.0% 17.2% 13.3% 49.1% 47.2% 46.6% 44.9% 44.9% 20% 20% 34.9% 28.0% 20.5% 0% 0% 1Q23 2Q23 3Q23 4Q23 1Q24 2022 2023 1Q24
Slide 11: Revenue by Customer Type
1Q24 Revenue by Customer Type 100% 100% 27.4% 80% 40.7% 40.7% 40.9% 80% 40.9% 47.7% 49.4% 63.1% 60% 60% 40% 40% 72.6% 59.3% 59.3% 59.1% 59.1% 52.3% 50.6% 20% 20% 36.9% 0% 0% 1Q23 2Q23 3Q23 4Q23 1Q24 2022 2023 1Q24 Fabless Foundry Fabless Foundry 11 11
Slide 12: Fabless License Fee by Nodes
1Q24 Fabless License Fee by Nodes 100% 2.6% 2.5% 0.9% 100% 2.3% 3.2% 4.4% 4.1% 4.4% 7.6% 15.3% 8.6% 15.0% 14.7% 20.2% 16.8% 16.8% 80% 80% 43.1% 42.2% 60% 46.1% 62.2% 60% 46.2% 38.0% 41.7% 41.7% 40% 40% 5.6% 5.6% 19.6% 22.8% 33.5% 19.0% 22.4% 11.1% 20% 20% 31.5% 31.5% 16.5% 19.7% 18.8% 17.4% 13.6% 10
Slide 13: Foundry License Fee by Nodes
1Q24 Foundry License Fee by Nodes 100% 100% 16.0% 18.1% 16.0% 23.8% 31.3% 80% 80% 47.4% 14.8% 54.7% 2.8% 16.7% 60% 45.0% 60% 45.0% 85.1% 20.1% 40% 10.6% 40% 30.5% 8.6% 8.6% 65.8% 54.4% 13.0% 44.5% 20% 20% 30.4% 30.4% 21.7% 22.1% 14.9% 5.2% 2.6% 0% 0% 1Q23 2Q23 3Q23 4Q23 1Q24 2022 2023 1Q24 2~8nm 12~
Slide 14: Recap of 1Q24 Operating Result
Recap of 1Q24 Operating Result ⚫ 1Q24 revenue NT$ 342.07 million, up 9.3% year-over-year, was affected by the deferral of orders from China region. The increase in employee numbers significantly impacted OP Margin and Net Profit Margin for the first quarter. ⚫ Strong advanced-node IP demand continue
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