Analog Devices, Inc. · NASDAQ:ADI
Analog Devices — Raymond James Conference, March 2022
14 slides from Analog Devices's conference presentation, Mar 7, 2022
Slide 1: Raymond James Conference, March 2022 Analog Devices Company Presentation
Raymond James Conference, March 2022 Analog Devices, Inc. (ADI) Company Presentation Prashanth Mahendra-Rajah, CFO
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, which address a variety of subject including, for example, our statements regarding our talent, employees and growth; competitive advantage, customer needs and demand; capacity expansion; environmental, social and gove
Slide 3: #1 in signal conversion: connecting the physical and digital worlds
3 7 March 2022 #1 in signal conversion Turning real-world phenomena into actionable insight PHYSICAL WORLD DIGITAL WORLD RF Converters Amplifiers CONNECTING THE PHYSICAL & DIGITAL WORLDS Sensors Signal Processing Analog Mixed Signal Power
Slide 4: A high-performance analog semiconductor leader
A HIGH-PERFORMANCE ANALOG SEMICONDUCTOR LEADER TALENTTECHNOLOGIES PORTFOLIO BREADTH LEADING INNOVATION ~75K SKUs 125K+ Customers >$1.5B1 R&D investment ~6.5K Patents ~25K Employees ~11K Engineers 35 Countries ~70 Design centers Analog & mixed signal Power management Radio frequency (RF) & microwave
Slide 5: Diversified $10B portfolio across markets and geographies
85% 15% Consumer 49% Industrial 20% Automotive 16% Communications B2B DIVERSIFIED $10B1 PORTFOLIO ACROSS MARKETS & GEOGRAPHIES REVENUE BY END MARKET REVENUE BY GEOGRAPHY 5 7 March 2022 35% Americas 22% Rest of APAC 19% Greater China 24% EMEA 1. Pro-forma that includes Maxim Integrated Products, Inc.
Slide 6: Vast product breadth with long life cycles
VAST PRODUCT BREADTH WITH LONG LIFE CYCLES ~80% of ADI revenue is derived from products that individually contribute 0.1% or less REVENUE BY PRODUCTREVENUE BY PRODUCT AGE ~50% of ADI revenue is derived from products 10+ years old ~75K SKUs 6 7 March 2022 >20 years 10-20 years5-9 years <5 years
Slide 7: Destination for the best analog engineering talent
DESTINATION FOR THE BEST ANALOG ENGINEERING TALENT 7 7 March 2022 Analog design complexity Increased scale unlocking additional avenues of professional growth for our people Analog expertise at customers Analog engineers coming out of school Barriers to entry Competitive advantage Ability to capture
Slide 8: ADI's extensive hybrid manufacturing network
ADI’S EXTENSIVE HYBRID MANUFACTURING NETWORK Beaverton, OR Wafer Fab >50 production sites across the globe, dozens of partners, ~15K manufacturing employees Camas, WA Wafer Fab Limerick, Ireland Wafer Fab Chonburi, Thailand Test Penang, Malaysia Assembly & Test Singapore Test Cavite, Philippines (2)
Slide 9: ADI is delivering top tier profitability in a top tier industry
ADI IS DELIVERING TOP TIER PROFITABILITY IN A TOP TIER INDUSTRY 1. ADI’s gross margin, operating margin and free cash flow margin are presented on an adjusted basis and exclude special items. Please refer to the appendix for a reconciliation of these adjusted measures to their most comparable GAAP m
Slide 10: Executing ADI's mission to "Engineer Good"
EXECUTING ADI’S MISSION TO “ENGINEER GOOD” ► Joined UN Global Compact for Business Ambition for 1.5C ► Carbon neutrality by 2030 & net zero by 2050… SBTi endorsed science-based emissions reduction targets ► 1st U.S. tech company to deploy 3 sustainable finance instruments: green bond, sustainability
Slide 11: Why invest in ADI
WHY INVEST IN ADI Highly diverse and sticky revenue stream aligned to secular growth markets 33% FCF margin Top 10% in S&P 500 Consistent dividend increases1 Quarterly repurchases 11 7 March 2022 100% FCF RETURNRESILIENT GROWTH HIGHLY PROFITABLE 1. ADI has increased its dividend per share 19 times i
Slide 12: Q&A
Q&A 12
Slide 13: Appendix
APPENDIX 13
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION Fiscal 2021 numbers are as reported. All dollar amounts are shown in 000s. 14 7 March 2022 FY 21 FY 21 FY 21 Revenue $7,318,286 Revenue $7,318,286 Revenue $7,318,286 GAAP Gross Margin $4,525,012 GAAP Gross Margin $4,525,012 Net Cash Provided by Operating Activities $2
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