Slide 1: MediaTek 2020-Q2 Investor Conference
聯發科技 2020年第二季法人說明會 MediaTek 2020-Q2 Investor Conference July 31, 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 11.1% 9.8% 80,000 67,603 61,567 60,863 60,000 40,000 20,000 0 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.4pt 1.6pt 45% 43.1% 43.5% 41.9% 40% 35% 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses QoQ (NT$ million) YoY 7.6% 11.9% 25,000 21,991 19,647 20,435 2,730 20,000 2,574 3,556 1,844 1,665 1,542 Selling expenses 15,000 Administration expenses 10,000 R&D expenses 17,416 15,407 15,336 5,000 0 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income QoQ (NT$ million) YoY 27.8% 20.7% 8,000 7,416 7,000 6,143 6,000 5,802 5,000 4,000 3,000 2,000 1,000 0 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 1.5pt 1pt 15% 11.0% 10.0% 9.5% 10% 5% 0% 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY 25.9% 12.4% 8,000 7,310 7,000 6,503 6,000 5,804 5,000 4,000 3,000 2,000 1,000 0 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 1.3pt 0.2pt 15% 10.6% 10.8% 9.5% 10% 5% 0% 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share (NT$ ) QoQ YoY 0.94 0.47 5.00 4.58 4.11 4.00 3.64 3.00 2.00 1.00 0.00 2Q19 1Q20 2Q20 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook For 2020-Q3, we currently expect: Consolidated revenue: Around NT$82.5 billion ~ 87.9 billion, at a forecast exchange rate of 29.2 NT dollars to 1 US dollar Consolidated gross margin: 43% ± 1.5% Consolidated operating expense ratio: 29% ± 2% Copyright © MediaTek Inc. All rig
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 2Q20 1Q20 2Q19 Q-Q Y-Y Net Sales 67,603 60,863 61,567 11.1% 9.8% Operating costs (38,197) (34,626) (35,777) Gross profit 29,407 26,237 25,790 12.1% 14.0% Selling expenses (2,730) (3,556) (2,574) Administration expenses (1,844) (
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2Q20 1Q20 2Q19 Gross profit 43.5% 43.1% 41.9% Selling expenses (4.0%) (5.8%) (4.2%) Administration expenses (2.7%) (2.5%) (2.7%) R&D expenses (25.8%) (25.2%) (25.0%) Operating income 11.0% 9.5% 10.0% Non-operating income 1.6% 1.5% 3.0% Income tax expen
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 2Q20 1Q20 2Q19 Cash & financial assets-current 187,158 198,570 215,522 Accounts receivable 36,101 25,376 27,915 Inventories 36,812 32,669 31,096 Other current assets 7,189 8,661 8,343 Funds and investments 90,066 81,096 48,718 Intangible assets 78,
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 2Q20 1Q20 2Q19 Net cash provided by (used in) operating activities 7,177 1,931 14,135 Net cash provided by (used in) investing activities (1,863) 562 97 Net cash provided by (used in) financing activities (9,663) (4,615) 8,313 Effect of changes in ex
Slide 17: Reconciliations of TIFRS Results to Non-TIFRS Results
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results 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) 2Q20 1Q20 2Q19 Q-Q Y-Y TIFRS operating income 7,416 5,802 6,143 TIFRS net income 7,310 5,804 6,503 TIFRS EPS(NT$) 4.58 3.64 4.11 Non-TIFRS reconciliation items 508 564 682 Share-based compensation 212 270 394 Amortization o
Slide 19: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 18