Microchip Technology Incorporated · NASDAQ:MCHP
Microchip Technology — Morgan Stanley Presentation March 2017
13 slides from Microchip Technology's conference presentation, March 2017
Slide 1: Steve Sanghi, CEO and Eric Bjornholt, CFO
Steve Sanghi, CEO Eric Bjornholt, CFO ©March 2017
Slide 2: Annual Net Sales Growth
Annual Net Sales Growth 4000 3900 3800 3700 3600 105 consecutive quarters of profitability! 3500 3400 3300 3200 3100 MCU Analog Memory Licensing MMO 3000 2900 2800 2700 $ Million 2600 2500 2400 2300 2200 2100 2000 1900 1800 1700 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100
Slide 3: Multiple Growth Drivers
Multiple Growth Drivers 1. Microcontroller market growth and share gains 2. Analog growth and attach opportunity 3. Wireless/IoT/Connectivity 4. Automotive networking, car access and electronics 5. Security 6. Technology licensing ©March 2017 3
Slide 4: Total MCU (8/16/32) Market Share %
% 0 2 4 8 10 14 16 6 12 ©March 2017 CY94 CY95 CY96 CY97 CY98 CY99 CY00 CY01 CY02 CY03 CY04 CQ2 16 includes Atmel CY05 CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 CY14 CY15 CQ216 Total MCU (8/16/32) Market Share % 4
Slide 5: Analog Yearly Revenue
Analog Yearly Revenue (k$) $1,000,000 $950,000 $900,000 $850,000 $800,000 $750,000 $700,000 $650,000 $600,000 $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 RR ©March
Slide 6: Expanding Our Solutions Through Acquisitions
Expanding Our Solutions Through Acquisitions HI-TECH Roving Networks Supertex Development Tools Advanced Silicon Bluetooth® & High-Voltage Analog & Motor Drive Mixed-Signal Products Compiler Embedded Wi-Fi® Products ZeroG Micrel Low-Power Hampshire Embedded LSS Novocell Analog, mixed-signal, Wi-Fi®
Slide 7: Automotive Water Pump
Automotive Water Pump Micrel Classic Microchip Atmel 3 phase BLDC MIC28512/3 MCP1700 Motor Sw. Reg LDO MIC4605 x 3 3x MOSFET 85V MOSFET pairs dsPIC33EP6 Driver 24LC16B 4MC504 Serial EE MCU MCP6L04 Op Amp MIC2920A ATA663211 LDO LIN Transceiver ©March 2017 7
Slide 8: Router
Router Micrel Classic Microchip Atmel 3G module MIC69101 KSZ8995 (1.8V) Ethernet Sw. 12V MIC4576 LDO AT91SAM9 Sw. Reg MIC69101 G20B (3.3V) MPU LDO KSZ8081 Ethernet PHY 8
Slide 9: Alarm Panel Uplink
Alarm Panel Uplink Micrel Classic Microchip Atmel MIC4723 MIC5353 MIC2128 Sw. Reg LDO SMSC Controller MIC4723 MIC94355 Sw. Reg Ripple Blocker MCP73833 MIC2875 Batt. Charger Boost Sw. Reg MIC95410 MIC6143 Load Switch Op Amp MIC2039 Load Switch MIC2039 Load Switch USB4604 USB Hub MIC2039 Load Switch M
Slide 10: PC Dock
PC Dock Classic Type-C Microchip Micrel UCS3205 USBPD ECC508 20V Vin Power Switch Authentication Atmel UPD350 PIC32 Type C SMSC USBC Manager & Bridge Controller DP-Hub 20V Vin USB5826 USB3.1 6 Port Controller/Hub MIC261201 Sw Reg USB5744 4 Port USB Controller/Hub UPD360 UPD360 Type MIC2033 MIC2033 M
Slide 11: Display Module
Display Module Micrel Classic Microchip DSC1001 MIC2293-15YML SST MEM’s 24MHz Backlight Oscillator Controller Atmel PWM Parallel Analog I2C/SPI/U LCC FIRMWARE EBI/PMP RGB Driver I2C/SPI/USB I2C/SPI/USB SB PIC32MZ2048EFG100 Vsync GPIO GPIO Hsync Pclk Power SQI GPIO I2C GPIO Host SQI I2C INT SYNC LCD
Slide 12: Summary of Accretion from Atmel Transaction
Summary of Accretion from Atmel Transaction Atmel Accretion Forecast FY17 FY18 FY19 Initial accretion forecast (w/share buyback) $ 0.33 $ 0.66 $ 0.90 Accretion forecast (w/o share buyback) $ 0.25 $ 0.53 $ 0.75 August 2016 accretion forecast $ 0.40 $ 0.53 $ 0.75 November 2016 accretion forecast $ 0.5
Slide 13: Business Update
Business Update Microchip exceeded the high end of its non GAAP net sales and EPS guidance for FQ3 2017. Net sales for Q4FY17 expected to be down 0.5% to up 2.5% sequentially. Non GAAP EPS for Q4FY17 expected to be between $1.02 to $1.10 per share. Atmel non-GAAP EPS accretion targets have b
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