Monolithic Power Systems, Inc. · NASDAQ:MPWR
Monolithic Power Systems — Q4 2020 Earnings Presentation
12 slides from Monolithic Power Systems's earnings presentation, Feb 4, 2021
Slide 1: Q4 '20 Earnings Call
Monolithic Power Systems Q4 ‘20 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO February 4, 2021 —— mrs
Slide 2: Safe Harbor Statement
Safe Harbor Statement ‘This presentation contains forward.looking statements, as that termis defined in the Private Securities Ligation Reform Act of 1996, including, among other things MPS's outlook forthe quarter ending March 31, 2021. These forward-looking statements are not historical facts or q
Slide 3: Full Year Revenue
Full Year Revenue 2011 2012 2013 2014 2015 2016 2017 +2018 2019 2020 $ in millions mrs
Slide 4: Record revenue of $844.5 million
Record revenue of $844.5 million New 12 inch fab Volume shipping of 48-volt QSMod technology for Al applications Began shipping a power management solution for Autonomous Driving Vehicles Taped out first prototype for High Performance Analog Launched ESG website - MPS’ commitment to sustainability,
Slide 5: Full Year Revenue by Market - 2020 vs. 2019
Full Year Revenue by Market - 2020 vs. 2019 Communications Consumer Computing and storage Automotive Industrial Total revenue up 67.9 % up 34.2 % up 33.8 % up 20.7 % up 20.3 % up 34.5 % mrs
Slide 6: Revenue by Quarter
Revenue by Quarter ‘$190 $170 $150 $130 $110 $70 6 to 2020 "20 "6 7 18 19°20 aa mrs
Slide 7: 2020 Q4 Selected P&L Data
2020 Q4 Selected P&L Data $ & shares in millions Change Q4'20 a4'19 $ % Revenue $233.0 $166.7 $66.3 39.8% GAAP Gross Margin 55.3% 55.1% - - Net Income $42.9 $32.4 $10.5 32.2% EPS $0.90 $0.70 $0.20 28.6% Shares Outstanding (FD) 476 © 465 11 2.7% ——EEeEE Non-GAAP Gross Margin 55.7% 55.5% - : Net Incom
Slide 8: 2020 Q4 Selected Balance Sheet Data
2020 Q4 Selected Balance Sheet Data Sin nilions 420 3 '20 Q4'19 Cash and Cash Equivalents $598.0 $554.5 $458.5 Accounts Receivable Dollars $66.8 $93.5 $52.7 Days 26 33 29 Inventory Dollars $17.1 $148.1 $127.5 Days - Current quarter revenue 137 116 155 Next quarter's revenue 132 129 156 Capital Spend
Slide 9: Q1 '21 Business Outlook
$ & sharesinmillions '21 Q1 Business Outlook From To Revenue $236.0 $248.0 Litigation Expenses $2.3 $2.7 Interest income $14 $18 Shares Outstanding (FD) 473 48.3 — EE GAAP Gross Margin 55.1% 55.7% R&D and SG&A $89.0 $93.0 Total Stock Compensation $27.0 $29.0 es Non-GAAP Gross Margin 55.4% 56.0% R&D
Slide 10: Monolithic Power Systems
Monolithic Power Systems Q4 ‘20 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO February 4, 2021 —— mrs
Slide 11: Net Income to Non-GAAP Net Income Reconciliation
Net Income to Non-GAAP Net Income Reco! RECONCILIATION OF NET INCOME TON (Cnausited in thousands, exept per share amounts) iliation GAAP NET NCOME ‘Three Months Ended December 31, ‘ear Ended December 31, 2020 2019 2000 2019. Nevincome Sas Sass Sass as Adjustments to reconcile net income to non-GA AP
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation mrs
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