Slide 1: Third Quarter Fiscal 2020 Earnings Supplemental Slides
Third Quarter Fiscal 2020 Earnings Supplemental Slides May 7, 2020
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements give our
Slide 3: Non-GAAP Results
Non-GAAP Results • In evaluating our business, we consider and use non-GAAP net income, which we define as net income excluding share-based compensation, acquisition related costs, and certain other non-cash or recurring and non-recurring items we do not believe are indicative of our core operating
Slide 4: Q3FY20 Highlights
Q3FY20 Highlights Financial Highlights • Better than expected profitability despite revenue slightly below guidance range due to COVID-19 impact • Non-GAAP gross margin exceeded the high-end of guidance range – Highest non-GAAP gross margins in more than five years; three sequential quarters of non-
Slide 5: Q3FY20 Financial Results
Q3FY20 Financial Results Year over Year Q1’19 Q1’18 Actual Actual Delta $ Delta % See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 5
Slide 6: Q3FY19 and Q3FY20 Results vs Q3FY20 Guidance
Q3FY19 and Q3FY20 Results vs Q3FY20 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 6
Slide 7: Third Quarter Fiscal 2020 Cash & Debt
Third Quarter Fiscal 2020 Cash & Debt $ Millions • Debt amounts presented above are as of the end of each quarter presented and represent the balances due to third parties and exclude discount & debt issuance cost adjustments as presented on our balance sheet. © 2020 Synaptics Incorporated 7
Slide 8: Third Quarter Fiscal 2020 Balance Sheet
Third Quarter Fiscal 2020 Balance Sheet • Balances are as of the end of each quarter presented • Debt, net balance reflects debt net of discount and debt issuance costs © 2020 Synaptics Incorporated 8
Slide 9: Fourth Quarter Fiscal 2020 Guidance
Fourth Quarter Fiscal 2020 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 9
Slide 10: Revenue Trend
Revenue Trend Guidance Mid-Point $ Millions © 2020 Synaptics Incorporated 10
Slide 11: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Guidance Mid-Point See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 11
Slide 12: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables Q3'20 Q2'20 Q1'20 Q4'19 Q3'19 Actual Actual Actual Actual Actual GAAP gross margin $ 135.6 $ 159.3 $ 126.2 $ 90.4 $ 116.0 Acquisition related costs 8.1 8.2 15.3 15.3 15.2 Loss/(recovery) on supply commitment - (1.8) (1.2) 9.0 - Retention program costs 0.1 0.2 0
Slide 13: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q3'20 Q2'20 Q1'20 Q4'19 Q3'19 Actual Actual Actual Actual Actual GAAP net income/(loss) $ 5.0 $ 19.8 $ 4.0 $ (46.2) $ 6.7 Share-based compensation 17.9 15.1 11.2 10.3 15.8 Acquisition/divestiture related costs 11.3 12.6 18.2 18.6 18.5 Loss/(recovery
Slide 14: © 2020 Synaptics Incorporated
© 2020 Synaptics Incorporated