Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q1 2024 Earnings Presentation
9 slides from Magnachip Semiconductor's earnings presentation, May 2, 2024
Slide 1: Magnachip Semiconductor (NYSE: MX) Q1 2024 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q1 2024 Earnings Materials May 2, 2024 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Information in this presentation regarding Magnachip’s forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward-looking
Slide 3: Q1 2024 Financial Summary
Q1 2024 Financial Summary Q1 2024 MX Guidance Range Q/Q Change Y/Y Change Consolidated $49.1 M $46 – 51 M down 3.5% down 13.9% Revenue MSS $9.0 M $8 – 10 M up 5.2% down 29.7% PAS $36.5 M $35 – 38 M up 12.0% down 5.6% Q1 2024 MX Guidance Range Q/Q Change Y/Y Change Gross Consolidated 18.3% 17 – 20% d
Slide 4: Report by Business
Q1 2024 Report by Business Q1 2024 Q4 2023 Q/Q Change Q1 2023 Y/Y Change Revenue $9.0 M $8.6 M up 5.2% $12.8 M down 29.7% Display $5.6 M $5.2 M up 7.6% $10.8 M down 48.1% Power IC $3.4 M $3.4 M up 1.5% $2.0 M up 71.8% • MSS revenue was in-line with our guidance, the sequential growth was due to incr
Slide 5: Key Financials
Q1 2024 Key Financials (In $ millions, except for share data and days calculation) Profitability Q1 2024 Q4 2023 Q1 2023 Adjusted Operating Loss -$12.6 -$14.1 -$12.2 Adjusted EBITDA -$8.4 -$10.0 -$7.9 Profitability Adjusted Net Loss -$10.9 -$8.0 -$10.4 Adjusted Loss per Common Share - Diluted -$0.28
Slide 6: Q2 & 2024 Outlook
Q2 & 2024 Outlook Beginning in Q1, the Company begins reporting under its newly organized businesses: MSS (Mixed-Signal Solutions) and PAS (Power-Analog Solutions). While actual results may vary, Magnachip currently expects the following: Key Metrics Guidance Revenue • Consolidated revenue to be in
Slide 7: Financial Highlights
Q1 2024 Financial Highlights (1) Following the consummation of the sale of the Foundry Services Group business and Fab 4 in Q3 2020, we provided transitional foundry services to the buyer for foundry products manufactured in our fabrication facility located in Gumi, Korea, known as “Fab 3” (“Transit
Slide 8: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars) We present Adjusted Operating Loss as a supplemental measure of our performance. We define Adjusted Operating Loss for the periods indicated as operating loss adjusted to exclude (i) Equ
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars, except share data) We present Adjusted EBITDA and Adjusted Net Loss as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (as defined
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