GlobalFoundries Inc. · NASDAQ:GFS

GlobalFoundries — Q2 2022 Earnings Presentation

20 slides from GlobalFoundries's earnings presentation, Aug 9, 2022

Slide 1: Second Quarter 2022 Financial Results
Second Quarter 2022 Financial Results(unaudited) August 9, 2022
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation include “forward-looking statements,” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Ac
Slide 3: Q2'22 Results
Q2’22 Results 3
Slide 4: Key Q2'22 Results
Key Q2’22 Results (Unaudited) Wafer Shipments Revenue Adjusted EBITDA & Margin 300mm equivalents (k) Millions USD Millions USD +6% +23% +68% 630 1,993 784 595 1,620 466 39.3% 28.8% Q2’21 Q2’22 Q2’21 Q2’22 Q2’21 Q2’22 Note: We define adjusted EBITDA as net income (loss), excluding the impact of finan
Slide 5: Key Recent Announcements
Key Recent Announcements GF announced the extension of its long- GF and ST GF announced that term agreement with Microelectronics its first tool has Qualcomm which adds signed a definitive been moved into more than $4Bn in agreement to the company’s new incremental wafer create a new, facility on it
Slide 7: Adjusted Gross Margin Trend
Adjusted Gross Margin Trend (Unaudited) 28.0% 25.3% 21.5% +1150 bps 18.0% 16.5% Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Note: Adjusted gross profit (loss) for a particular period is defined as gross profit (loss) adjusted for share-based compensation expense; adjusted gross margin is adjusted gross profit div
Slide 8: Adjusted EBITDA Margin Trend
Adjusted EBITDA Margin Trend (Unaudited) 39.3% 36.0% 31.6% +1050 bps 28.8% 29.7% Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Note: We define adjusted EBITDA as net income (loss), excluding the impact of finance expense, income tax expense, depreciation, amortization, share-based compensation expense, transaction
Slide 9: Q2'22 Financial Summary
Q2’22 Financial Summary (Unaudited, in millions USD, except per share data and wafer shipments) Note: 1Adjusted gross profit, adjusted operating profit (loss), adjusted net income (loss), adjusted diluted EPS, and adjusted EBITDA are adjusted non-IFRS metrics; please see the reconciliation of IFRS t
Slide 10: Q2'22 Revenue by End Market
Q2’22 Revenue by End Market (Unaudited, in millions USD) Year-over-year Sequential Q2’22 Q1’22 Q2’21 Q2’22 vs Q2’21 Q2’22 vs Q1’22 Smart Mobile Devices $969 $977 $847 $122 14% $(8) (1)% Communications Infrastructure & Datacenter $342 $327 $228 $114 50% $15 5% Home and Industrial IoT $346 $323 $201 $
Slide 11: Revenue Mix by End Market
Revenue Mix by End Market (Unaudited) 8% 8% 5% Smart Mobile Devices 10% 4% Communications Infrastructure & Datacenter 4% Home & Industrial IoT 49% 17% 52% 12% Automotive Personal Computing 14% 17% Non-Wafer & Corporate Other Q2’21 Q2’22 GlobalFoundries © 2022 All Rights Reserved 11
Slide 12: Q3'22 Guidance
Q3’22 Guidance 12
Slide 13: Q3'22 Guidance
Q3’22 Guidance (Unaudited, in millions USD except per share amounts) Notes: The guidance provided above contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created therein. The guidance includes management’s belief
Slide 14: Appendix: Summary Financials and Reconciliations
Appendix: Summary Financials and Reconciliations 14
Slide 15: Statement of Operations
Statement of Operations (Unaudited, in millions USD except per share amounts) Note: In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment b
Slide 20: Thank you
For further information, please contact: Investor Relations [email protected] Thank you The information contained herein is the property of GlobalFoundries and/or its licensors. This document is for informational purposes only, is current only as of the date of publication and is subject to change by Global

GlobalFoundries — Q2 2022 Earnings Presentation on 6ix

GlobalFoundries — Q2 2022 Earnings Presentation

Slide 1: Second Quarter 2022 Financial Results

Slide 2: Disclaimer

Slide 3: Q2'22 Results

Slide 4: Key Q2'22 Results

Slide 5: Key Recent Announcements

Slide 6: Quarterly Revenue Trend

Slide 7: Adjusted Gross Margin Trend

Slide 8: Adjusted EBITDA Margin Trend

Slide 9: Q2'22 Financial Summary

Slide 10: Q2'22 Revenue by End Market

Slide 11: Revenue Mix by End Market

Slide 12: Q3'22 Guidance

Slide 13: Q3'22 Guidance

Slide 14: Appendix: Summary Financials and Reconciliations

Slide 15: Statement of Operations

Slide 16: Balance Sheet

Slide 17: Statement of Cash Flows

Slide 18: IFRS to Non-IFRS Reconciliations

Slide 19: IFRS to Non-IFRS Reconciliations

Slide 20: Thank you