Slide 1: MediaTek 2019-Q4 Investor Conference
聯發科技 2019年第四季法人說明會 MediaTek 2019-Q4 Investor Conference February 7, 2020 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 YoY -3.7% 6.3% 3.4% 80,000 300,000 67,224 64,708 246,222 60,892 250,000 238,057 60,000 200,000 40,000 150,000 100,000 20,000 50,000 0 0 4Q18 3Q19 4Q19 2018 2019 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.4pt YoY 3.6pt 3.4pt 45% 45% 42.1% 42.5% 41.9% 40% 40% 38.9% 38.5% 35% 35% 4Q18 3Q19 4Q19 2018 2019 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 0% 7.1% YoY 6.5% 25,000 90,000 21,261 21,266 80,478 19,851 80,000 75,541 20,000 3,024 3,197 10,938 70,000 11,227 3,222 6,538 1,647 1,672 60,000 6,766 1,559 15,000 50,000 Sales 40,000 Admin 10,000 30,000 63,001 R&D 16,590 16,397 57,549 15,070 5,00
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY YoY -11.4% 61.7% 39.5% 8,000 24,000 22,567 7,029 22,000 7,000 6,226 20,000 6,000 18,000 16,182 16,000 5,000 14,000 3,851 4,000 12,000 10,000 3,000 8,000 2,000 6,000 4,000 1,000 2,000 0 0 4Q18 3Q19 4Q19 2018 2019 Copyright © MediaTek Inc. All rights
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY -0.9pt YoY 3.3pt 2.4pt 15% 15% 10.5% 9.6% 9.2% 10% 10% 6.8% 6.3% 5% 5% 0% 0% 4Q18 3Q19 4Q19 2018 2019 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY -7.5% YoY 56.6% 11.7% 8,000 25,000 23,204 6,902 7,000 20,782 6,383 20,000 6,000 5,000 15,000 4,076 4,000 10,000 3,000 2,000 5,000 1,000 0 0 4Q18 3Q19 4Q19 2018 2019 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -0.4pt YoY 3.2pt 0.7 15% 15% 10.3% 9.9% 9.4% 10% 10% 8.7% 6.7% 5% 5% 0% 0% 4Q18 3Q19 4Q19 2018 2019 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share (NT$ ) QoQ YoY -0.35 YoY 1.4 1.43 5.00 16.00 4.38 14.69 4.03 14.00 13.26 4.00 12.00 3.00 10.00 2.63 8.00 2.00 6.00 4.00 1.00 2.00 0.00 0.00 4Q18 3Q19 4Q19 2018 2019 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 10
Slide 12: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$millions,except earningsper share ) (In NT$ millions, except EPS) 4Q19 3Q19 4Q18(Note2) Q-Q Y-Y Net Sales 64,708 67,224 60,892 (3.7%) 6.3% Operating costs (37,216) (38,934) (37,190) Gross profit 27,492 28,290 23,702 (2.8%) 16.0% Selling expenses (3,19
Slide 13: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 4Q19 3Q19 4Q18 Gross profit 42.5% 42.1% 38.9% Selling expenses (4.9%) (4.5%) (5.3%) Administration expenses (2.6%) (2.4%) (2.6%) R&D expenses (25.3%) (24.7%) (24.7%) Operating income 9.6% 10.5% 6.3% Non-operating income 1.3% 1.4% 1.1% Income tax expens
Slide 14: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$millions,except earningsper share ) (In NT$ millions, except EPS) 2019 2018 Y-Y Net Sales 246,222 238,057 3.4% Operating costs (143,176) (146,334) Gross Profit 103,046 91,724 12.3% Selling expenses (10,938) (11,227) Administration expenses (6,538) (6,
Slide 15: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2019 2018 Gross profit 41.9% 38.5% Selling expenses (4.4%) (4.7%) Administration expenses (2.7%) (2.8%) R&D expenses (25.6%) (24.2%) Operating income 9.2% 6.8% Non-operating income 1.8% 3.2% Income tax expense (1.6%) (1.2%) Net income 9.4% 8.7% Note: S
Slide 16: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$millions) (In NT$ millions) 4Q19 3Q19 4Q18(Note2) Cash & financial assets-current 203,174 205,786 164,671 Accounts receivable 26,837 30,450 28,939 Inventories 27,615 31,028 30,980 Other current assets 9,103 10,967 11,448 Funds and investments 73,278 56,446 49
Slide 17: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$millions) (In NT$ millions) 4Q19 3Q19 4Q18 Net cash provided by (used in) operating activities 19,588 7,192 8,703 Net cash provided by (used in) investing activities 1,502 2,891 (1,106) Net cash provided by (used in) financing activities 2,775 (27,244) (12,830)
Slide 18: Supplemental Information: Reconciliations of TIFRS Results to Non-TIFRS Results
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results Copyright © MediaTek Inc. All rights reserved. 17
Slide 19: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote3 (In NT$ millions) 4Q19 3Q19 4Q18(Note2) Q-Q Y-Y TIFRS operating income 6,226 7,029 3,851 TIFRS net income 6,383 6,902 4,076 TIFRS EPS(NT$) 4.03 4.38 2.63 Non-TIFRS reconciliation items 627 1,140 35 Share-based compensation 321 934 (343) Amor
Slide 20: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 2019 2018 Y-Y TIFRS operating income 22,567 16,182 TIFRS net income 23,204 20,782 TIFRS EPS(NT$) 14.69 13.26 Non-TIFRS reconciliation items 3,100 1,369 Share-based compensation 2,019 152 Amortization of acquisition related
Slide 21: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 20