{ "docId": "019de517-4533-73e8-a010-526836945685", "docSlug": "d98743eb9e72e3727dfd07c0b2cf56cf", "documentTitle": "GlobalFoundries | Results Presentation Deck | 21 slides", "authorId": "globalfoundries", "authorName": "GlobalFoundries", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 9, "pageCount": 21, "prevPage": 8, "nextPage": 10, "slideType": "kpi_overview", "function": "summarize", "density": "overcrowded", "nDataPoints": 108, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-4533-73e8-a010-526836945685/9", "deckHref": "/decks/019de517-4533-73e8-a010-526836945685", "deckJsonHref": "/decks/019de517-4533-73e8-a010-526836945685.json", "deckAnchorHref": "/decks/019de517-4533-73e8-a010-526836945685#slide-9", "components": [ { "bbox": { "h": 0.016, "w": 0.56, "x": 0.048, "y": 0.139 }, "kind": "paragraph", "text": "(Unaudited, in millions USD, except per share data and wafer shipments)", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b5541bba-c344-435e-970d-f7eea9f3e10d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.209, "x": 0.717, "y": 0.945 }, "kind": "source-note", "text": "GlobalFoundries © 2023 All Rights Reserved", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2e4acde6-5fbe-4c8a-84cb-4c769368e7a6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.14, "w": 0.904, "x": 0.048, "y": 0.76 }, "kind": "source-note", "text": "Note:\n(1) Adjusted gross profit, adjusted operating profit, adjusted net income, adjusted diluted EPS, and adjusted EBITDA and related margins are adjusted Non-IFRS metrics: see Appendix for the unaudited reconciliation of IFRS to non-IFRS metrics.\n(2) Beginning in Q4 2022, the Company revised its definition of adjusted net income to include an adjustment for restructuring charges and the associated tax impact. The change was made due to a restructuring undertaken in Q4 2022. The Company believes the revised definition provides management and investors with more useful information to evaluate the operations of our business. Adjusted net income is now defined as net income adjusted for share-based compensation expense, restructuring charges and the associated tax impact.\n(3) Beginning in Q3 2022, the Company revised its definition of adjusted EBITDA to include an adjustment for finance income. The change was made due to the Company making an investment during Q2 2022 of approximately $1.0 billion in marketable securities. The Company believes the revised definition provides management and investors more useful information to evaluate the operations of our business. Adjusted EBITDA is now defined as net income (loss) adjusted for the impact of finance expense, finance income, income tax expense, depreciation, amortization, share-based compensation expense, divestiture gains and associated expenses, restructuring charges, labor optimization initiatives and litigation settlements.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "551f2dae-216f-4a02-a6cb-cd4de2428cd1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.56, "w": 0.904, "x": 0.048, "y": 0.178 }, "kind": "table", "text": "Net revenue $ 1,852 $ 1,845 $ 2,074 $ (222) (11)% $ 7 —% Gross profit 529 532 610 (81) (13)% (3) (1)% Gross margin 28.6% 28.8% 29.4% (80)bps (20)bps Adjusted gross profit (1) $ 541 $ 546 $ 621 $ (80) (13)% $ (5) (1)% Adjusted gross margin(1) 29.2% 29.6% 29.9% (70)bps (40)bps Operating profit $ 261 $ 275 $ 357 $ (96) (27)% $ (14) (5)% Operating margin 14.1% 14.9% 17.2% (310)bps (80)bps Adjusted operating profit (1) $ 322 $ 338 $ 389 $ (67) (17)% $ (16) (5)% Adjusted operating margin(1) 17.4% 18.3% 18.8% (140)bps (90)bps Net income $ 249 $ 237 $ 336 $ (87) (26)% $ 12 5% Net income margin 13.4% 12.8% 16.2% (280)bps +60bps Adjusted net income (1)(2) $ 308 $ 297 $ 368 $ (60) (16)% $ 11 4% Adjusted net income margin(1) 16.6% 16.1% 17.7% (110)bps +50bps Diluted earnings per share (\"EPS\") $ 0.45 $ 0.43 $ 0.61 $ (0.16) (26)% $ 0.02 5% Adjusted diluted earnings per share(1) $ 0.55 $ 0.53 $ 0.67 $ (0.12) (18)% $ 0.02 4% Adjusted EBITDA (1) (3) $ 667 $ 668 $ 793 $ (126) (16)% $ (1) —% Adjusted EBITDA margin (1) 36.0% 36.2% 38.2% (220)bps (20)bps Cash from operations $ 416 $ 546 $ 679 $ (263) (39)% $ (130) (24)% Wafer shipments (300MM Equivalent) (in thousands) 575 573 637 (62) (10)% 2 —%", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4354738c-7837-4fa0-8cc8-6725e41c6829", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.539, "x": 0.399, "y": 0.06 }, "kind": "title", "text": "Q3'23 Financial Summary", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "afeea9ca-f053-463a-b494-da806b920589", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 9, "from": 5, "beatId": "96f58aec-e470-4166-be3b-a72f5fe39530", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Need", "beatSlug": "monroes-sequence-need", "evidence": "Slides 5-9: Financial trends and summary", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }