Slide 1: MediaTek 2020-Q3 Investor Conference
聯發科技 2020年第三季法人說明會 MediaTek 2020-Q3 Investor Conference October 30, 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 43.9% 44.7% 120,000 100,000 97,275 80,000 67,224 67,603 60,000 40,000 20,000 0 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.7pt 2.1pt 45% 44.2% 43.5% 42.1% 40% 35% 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 29.1% 33.6% 30,000 28,400 3,648 25,000 21,261 21,991 2,205 20,000 2,730 3,024 1,844 Selling expenses 1,647 15,000 Administration expenses R&D expenses 22,547 10,000 16,590 17,416 5,000 0 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserve
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 97.3% 108.1% 15,000 14,628 10,000 7,029 7,416 5,000 0 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 4pt 4.5pt 15.0% 15% 11.0% 10.5% 10% 5% 0% 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY 82.8% 93.7% 15,000 13,367 10,000 6,902 7,310 5,000 0 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 2.9pt 3.4pt 15% 13.7% 10.8% 10.3% 10% 5% 0% 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share (NT$ ) QoQ YoY 3.84 4.04 10.00 8.42 8.00 6.00 4.38 4.58 4.00 2.00 0.00 3Q19 2Q20 3Q20 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook For 2020-Q4, we currently expect: Consolidated revenue: Around NT$89.5 billion ~ 97.3 billion, at a forecast exchange rate of 28.8 NT dollars to 1 US dollar Consolidated gross margin: 43.5% ± 1.5% Consolidated operating expense ratio: 29% ± 2% Copyright © MediaTek Inc. All r
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 3Q20 2Q20 3Q19 Q-Q Y-Y Net Sales 97,275 67,603 67,224 43.9% 44.7% Operating costs (54,246) (38,197) (38,934) Gross profit 43,028 29,407 28,290 46.3% 52.1% Selling expenses (3,648) (2,730) (3,024) Administration expenses (2,205)
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 3Q20 2Q20 3Q19 Gross profit 44.2% 43.5% 42.1% Selling expenses (3.7%) (4.0%) (4.5%) Administration expenses (2.3%) (2.7%) (2.4%) R&D expenses (23.2%) (25.8%) (24.7%) Operating income 15.0% 11.0% 10.5% Non-operating income 0.8% 1.6% 1.4% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 3Q20 2Q20 3Q19 Cash & financial assets-current 184,310 187,158 205,786 Accounts receivable 37,997 36,101 30,450 Inventories 31,010 36,812 31,028 Other current assets 16,630 7,189 10,967 Funds and investments 95,939 90,066 56,446 Intangible assets 7
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 3Q20 2Q20 3Q19 Net cash provided by (used in) operating activities 31,839 7,177 7,192 Net cash provided by (used in) investing activities (2,687) (1,863) 2,891 Net cash provided by (used in) financing activities (25,402) (9,663) (27,244) Effect of ch
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) 3Q20 2Q20 3Q19 Q-Q Y-Y TIFRS operating income 14,628 7,416 7,029 TIFRS net income 13,367 7,310 6,902 TIFRS EPS(NT$) 8.42 4.58 4.38 Non-TIFRS reconciliation items 692 508 1,140 Share-based compensation 418 212 934 Amortizati
Slide 19: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 18