Slide 1: Third Quarter Fiscal 2022 Earnings Supplemental Slides
Third Quarter Fiscal 2022 Earnings SUPPLEMENTAL SLIDES MAY 5, 2022
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, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relatin
Slide 3: Q3'FY22 Financial Highlights
Q3’FY22 Financial Highlights • Revenue of $470 million, above the midpoint of guidance range and up +44% YoY and +12% QoQ • IoT Revenue increased 99% YoY and accounted for 64% of total revenue • Record GAAP and non-GAAP gross margin – GAAP gross margin of 54% – Non-GAAP gross margin of 61.1%, up 160
Slide 4: Q3'FY22 Business Highlights
Q3’FY22 Business Highlights • IoT products continue to grow rapidly; almost doubled year-over-year $78 • Opened new Wireless research and development center in France Q3’FY22 • Solid growth in Video Interface business across $90 $470M core and new applications $302 IoT • Automotive design-wins rampi
Slide 5: Q3'FY22 Financial Results
Q3’FY22 Financial Results $M $M (except (except EPS) EPS) Q3’21 Q1’21 Q2’22 Q4’21 Q3’22 Q1’22 QoQ YoY Revenue Revenue $325.8 $328.4 $420.5 $327.8 $470.1 $372.7 11.8% 13.7% 44.3% 13.5% GAAP GAAP Gross Gross Margin Margin % % 47.7% 41.0% 53.5% 52.1% 54.0% 53.2% 110bps 50 bps 1220bps 630 bps GAAP GAAP
Slide 6: Q4'FY22 Guidance
Q4’FY22 Guidance $M(except $M (except EPS) EPS) GAAP GAAP Non-GAAP Non-GAAP Revenue Revenue $390M $450M $460M -- $490M $420M $480M $390M $450M $460M -- $490M $420M $480M GrossMargin Gross Margin% % 54.0% 52.5% 55.0% -- 56.0% 55.0% 53.5% 59.5% 58.5% 60.5% --59.5% 60.5% 61.5% Operating Operating Expen
Slide 7: Q3'FY22 Balance Sheet
Q3’FY22 Balance Sheet In Millions Q1’22 Q2’22 Q3’22 Cash & ST Investments $347.3 $573.9 $754.9 AR $269.7 $312.2 $298.3 Inventory $88.7 $133.3 $145.9 PP&E $92.1 $56.9 $63.1 Other $984.4 $1,491.1 $1,435.8 Total Assets $1,782.2 $2,567.4 $2,698.0 Current Liabilities (excluding debt) $303.5 $365.2 $393.0
Slide 8: Revenue Trend
Revenue Trend Guidance Mid-Point $470 $475 $421 69% $358 $326 $328 $ millions 45% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Total Revenue IoT Revenue as a % of Total © 2022 Synaptics Incorporated 8
Slide 9: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Guidance Mid-Point $3.75 $3.70 $3.26 $2.68 $2.18 $ millions $2.03 $153 $152 $133 $109 $79 $87 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Non-GAAP Net Income Non-GAAP EPS See the tables at the end of this presentation for a reconciliation of GAAP results to non
Slide 10: Appendix
Appendix
Slide 11: Synaptics Product Applications
Synaptics Product Applications Smart Security Smart Home Smart Workplace Smart Health Smart Audio Note: Images are intended to illustrate product application types only and are not necessarily reflective of the actual products and brand into which Synaptics products are integrated. © 2022 Synaptics
Slide 12: Engineering Exceptional Experiences
Engineering Exceptional Experiences © 2022 Synaptics Incorporated 12
Slide 13: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables Q3'22 Q2'22 Q1'22 Q4'21 Q3'21 Actual Actual Actual Actual Actual GAAP gross margin $ 253.8 $ 225.1 $ 198.1 $ 170.8 $ 155.5 Acquisition related costs 32.4 24.0 16.9 16.9 23.2 Share-based compensation 0.9 1.3 1.0 0.8 0.8 Non-GAAP gross margin $ 287.1 $ 250.4 $ 21
Slide 14: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q3'22 Q2'22 Q1'22 Q4'21 Q3'21 Actual Actual Actual Actual Actual GAAP net income $ 64.9 $ 69.5 $ 40.2 $ 19.0 $ 13.8 Acquisition & transaction/integration related costs 45.5 34.4 27.5 25.5 31.9 Share-based compensation 34.1 36.6 35.6 23.1 25.1 Restru