Slide 1: MediaTek 2023-Q3 Investor Conference
聯發科技 2023年第三季法人說明會 MediaTek 2023-Q3 Investor Conference October 27, 2023 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 12.2% -22.6% 160,000 142,161 140,000 120,000 110,098 98,135 100,000 80,000 60,000 40,000 20,000 0 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY -0.1pt -1.9pt 50% 49.3% 47.5% 47.4% 45% 40% 35% 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 7.4% -7.5% 40,000 37,041 35,000 3,530 34,248 31,896 3,406 3,745 30,000 3,375 2,261 2,333 25,000 Sales 20,000 Admin 15,000 30,106 R&D 28,242 26,188 10,000 5,000 0 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 21.7% -45.7% 35,000 33,054 30,000 25,000 20,000 17,944 14,751 15,000 10,000 5,000 0 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 1.3pt -7pt 30% 25% 23.3% 20% 15.0% 16.3% 15% 10% 5% 0% 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY 15.9% -40.3% 40,000 35,000 31,085 30,000 25,000 20,000 18,569 16,019 15,000 10,000 5,000 0 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 0.6pt -5pt 30% 25% 21.9% 20% 16.3% 16.9% 15% 10% 5% 0% 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY $1.57 -$7.9 25.00 20.00 19.54 15.00 11.64 10.07 10.00 5.00 0.00 3Q22 2Q23 3Q23 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook ◆ For 2023-Q4, we currently expect: ◆ Consolidated revenue: Around NT$120 billion ~ 126.6 billion, at a forecast exchange rate of 32 NT dollars to 1 US dollar ◆ Consolidated gross margin: 47% ± 1.5% ◆ Consolidated operating expense ratio: 30% ± 2% Copyright © MediaTek Inc. All right
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 3Q23 2Q23 3Q22 Q-Q Y-Y Net Sales 110,098 98,135 142,161 12.2% (22.6%) Operating costs (57,905) (51,489) (72,066) Gross profit 52,192 46,646 70,095 11.9% (25.5%) Selling expenses (3,745) (3,375) (3,530) Administration expenses (2
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 3Q23 2Q23 3Q22 Gross profit 47.4% 47.5% 49.3% Selling expenses (3.4%) (3.4%) (2.5%) Administration expenses (2.1%) (2.4%) (2.4%) R&D expenses (25.7%) (26.7%) (21.2%) Operating income 16.3% 15.0% 23.3% Non-operating income 2.8% 3.7% 1.8% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 3Q23 2Q23 3Q22 Cash & financial assets-current 119,324 192,428 159,193 Accounts receivable 61,154 45,639 65,913 Inventories 53,391 61,067 83,438 Other current assets 33,311 19,005 14,268 Funds and investments 154,925 149,829 126,921 Intangible asse
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 3Q23 2Q23 3Q22 Net cash provided by (used in) operating activities 14,966 46,732 19,259 Net cash provided by (used in) investing activities (55) (11,262) (15,042) Net cash provided by (used in) financing activities (94,031) (321) (110,118) Effect of
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) 3Q23 2Q23 3Q22 Q-Q Y-Y Operating income 17,944 14,751 33,054 21.7% (45.7%) TIFRS Operating income margin(%) 16.3% 15.0% 23.3% Share-based compensation 504 561 1,119 Reconciliations Amortization of acquisition related assets
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 3Q23 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Mobile Phone 49% 19% -31% Smart Edge Platforms 44% 6% -11% Power IC 7% 11% -20% Total 100% 12% -23% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smartphone and feature phon
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19