Intermec — Bear Stearns Technology Conference 2007
17 slides from Intermec's conference presentation, Jun 11, 2007
Slide 1: Bear Stearns Technology Conference: Steve Winter, President & COO
Steve Winter President & COO Bear Stearns's Technology Conference: June 11, 2007
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements in this presentation that express our intentions, hopes, beliefs, indications, expectations, forecasts or predictions of the future constitute forward-looking statements. They include, without limitation, statements about: maintaining or improving our revenues, gross
Slide 3: The Technology Leader in Transition
The Technology Leader in Transition
Slide 4: Data Capture Core Technologies
Data Capture Core Technologies Conventional AIDC: Laser Scanning Linear Imaging Area Imaging Emerging Technology: RFID
Slide 5: Major Performance Improvement in Laser Scanning
Major Performance Improvement in Laser Scanning Enabled Transition from Competitor Supplied Product Advantages of MEMS: Speed Maintainability Ease of Use Micro-Electromechanical Systems (“MEMS”)
Slide 6: Long-time Leader in Technology
Long-time Leader in Technology Fastest Growing Intermec AIDC Technology Linear Imaging Intermec Laser Scanning Units vs. Imaging Units Laser Scanning Units Imaging Units 0% 25% 50% 75% 100% 2004 2005 2006
Slide 7: Area Imaging Accommodates Rising Popularity of 2D & Increasing Data Content
Area Imaging Accommodates Rising Popularity of 2D & Increasing Data Content Image Capture Capability feeds need for Contextual Information Can Read and Decode Bar Codes in any Orientation Reduces worker fatigue and increases productivity Auto-Focus dramatically expands Read Ranges
Slide 8: Transferring Technology Leadership: CN3 Rugged Mobile Computer
Transferring Technology Leadership Product Innovation Most Integrated Radio Options Available GPRS & CDMA WWAN WiFi WLAN Bluetooth GPS 2D Imager & Color Camera CN3 Rugged Mobile Computer
Slide 9: Transferring Technology Leadership: CV30 Rugged Fixed Mount Computer
Best in class flexibility, delivers real-time wireless supply chain management Smallest full-screen footprint Improves forklift safety by increasing driver visibility CV30 – Rugged Fixed Mount Computer Transferring Technology Leadership Product Innovation
Slide 10: Transferring Technology Leadership: EX25 Area Imaging Technology
Transferring Technology Leadership Product Innovation First near-far scan engine to read 1D, 2D, composite and postal codes, eliminating need for multiple scanners Imaging capabilities capture photos of damaged, expired or unsealed goods and proof-of-delivery documents EX25 - Area Imaging Technology
Slide 11: Transferring Technology Leadership: IF61 RFID Enterprise Reader
Transferring Technology Leadership Product Innovation “Store & Forward” Capabilities Ensure Data Won’t Be Lost Intel Celeron Processor – Ample Storage to Run Complex RFID Applications Host Applications Written in Java, Java Script or C# . Net Based on EPCglobal Certified Radio IF61 - RFID Enterprise
Slide 12: RFID Achievements: Adjacent Portals Benchmark Results
RFID Achievements Intermec RFID Reader Benchmark Results: Adjacent Portals November 2006 ? Superior dense reader capability – The IF5UD dense reader mode implementation is second to none in the industry. ? Ideal for use in adjacent dock doors – Intermec ’ s engineering investment in addressing the m
Slide 13: RFID Achievements: Conveyors Benchmark Results
RFID Achievements Intermec RFID Reader Benchmark Results: Conveyors November 2006 ? High speed performance – The IF5UD matched the read rate (number of tags read per unit time) of the fastest competitor. ? Well - suited for conveyor applications - The IF5UD read rate is ideal for conveyor applicatio
Slide 14: Cost Reduction: Restructuring Plan
Cost Reduction Restructuring Plan Includes: Personnel Reduction 200+ Lowest Level Since 2003 Plant Consolidation Media Plant Closure Service Facility Consolidation 10 facilities in Europe merged into 3 European Admin. Restructuring Regional Focused
Slide 15: Cost Reduction: Operating Expense Profile
Cost Reduction Operating Expense Profile $69M-$71M Q4’07 $7M–$8M Total Q3’07 $2M Pension Expense Reduction Q2’07 $5M–$6M Restructuring Reduction $69.6M Q1’07 Objective: FY’07 - New Range $78M 1H’06 (Per Quarter)
Slide 16: Conclusion
Conclusion Technology Leader to Product Leadership Enterprise Traction will Pace Recovery 1st Half of FY’07 Revenue will Lag Prior-Year 2nd Half of FY’07 Revenue will Exceed Prior-Year by Market Growth Plus With Sales Rebound Lower Cost Base will Provide Earnings Acceleration
Slide 17: Thank you
Thank you