Slide 1: 2023 Annual Meeting of Stockholders
2023 Annual Meeting of Stockholders March 8, 2023 @qualcomm Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.
Slide 2: Mark McLaughlin, Chair of the Board
Mark McLaughlin Chair of the Board, Qualcomm Incorporated
Slide 3: Cristiano Amon, President and CEO
Cristiano Amon President and Chief Executive Officer, Qualcomm Incorporated @cristianoamon
Slide 4: Enabling a world where everyone and everything can be intelligently connected
Enabling a world where everyone and everything can be intelligently connected
Slide 5: Qualcomm brings data processing and intelligence to the edge
Qualcomm brings data processing and intelligence to the edge, enabling cloud-edge convergence
Slide 6: One technology roadmap
One technology roadmap Leading technologies to scale across virtually every device Everything High performance, Edge wireless low power intelligence Handsets Automotive Consumer IoT Industrial IoT IoT edge networking
Slide 7: Defining a new standard for premium smartphones
Defining a new standard for premium smartphones World’s 1st 5G AI modem World’s 1st Wi-Fi 7 solution with HBS World’s 1st Cognitive ISP Groundbreaking AI performance Desktop-level gaming Professional-grade photography CPU: 35% faster & 40% power savings1 GPU: 25% faster & 45% power savings1 1. Compa
Slide 8: World's first on-device demo of Generative AI
Stable ANNOUNCEMENT AT MWC’23 Diffusion Step 0/20 #Japanese garden at wildlife river and mountain range, highly detailed, digital illustration, artstation, concept World’s first on-device demo of Generative AI (Stable Diffusion) Steps 20 Speed (0-49) 0 on an Android phone Text guidance 7.5 Clear 1B+
Slide 9: Snapdragon Gen 2 for Galaxy
Snapdragon 8 Gen 2 FOR GALAXY who don't pause Golaxy $23 Ultra
Slide 10: 65+ design wins to date
65+ design wins to date Samsung Samsung Samsung OnePlus 11 Nubia Red Galaxy 23 Galaxy 23 Plus Galaxy 23 Ultra Magic 8 Pro Defining a new standard Nubia Red Magic 8 Pro+ Motorola X40 Vivo X90 Pro+ iQOO 11 iQOO 11 Pro for premium smartphones Nubia Z50 Redmi Xiaomi 13 Xiaomi 13 Pro Xiaomi 13 K60 Pro Li
Slide 11: A platform for the future of automotive
Services platform A platform for the future of automotive 4G/5G cellular connectivity In-car connectivity Positioning EV charging connectivity >$30B In-car experiences Instrument clusters Design-win pipeline 1 Navigation Cameras L1 to L4 Automated Driving SoC Displays with Snapdragon Ride™ Audio and
Slide 12: Winning the digital future of automotive
Winning the digital future of automotive Comprehensive assisted Cloud-connected, and automated driving service-oriented architecture Connecting the car to its environment and to the cloud Creating unique in-cabin experiences
Slide 13: Qualcomm creates ecosystems
Qualcomm creates ecosystems
Slide 14: IoT opportunity – next generation experiences and the digital economy
IoT opportunity – Developing next generation experiences and helping enable the digital economy Consumer Edge networking Industrial Compute 5G wireless fiber Retail and payments Tracking Wearables Wi-Fi access points and logistics Energy and utilities XR vRAN infrastructure Industrial automation Con
Slide 15: Transformative growth opportunities across Consumer IoT
Transformative growth opportunities across Consumer IoT PC XR AI-accelerated capabilities to Extending our leadership in XR redefine modern personal computing Industry-leading AI performance Announced world’s 1st purpose 5x faster than on competitor CPU1 built SoC for Augmented Reality 2.5x faster t
Slide 16: Edge networking
Edge Wi-Fi 7 Qualcomm® Networking Pro Series production release - commercial launches with Xiaomi and TP-Link Wi-Fi 7 Qualcomm® Immersive Home Platform announced and sampling networking Leading the next-gen wireless transition across home, enterprise and carrier Qualcomm® 5G Fixed Wireless Increased
Slide 17: Industrial IoT enabling digital transformation across key verticals
Industrial IoT enabling digital transformation across key verticals Scaling new solutions through partners Commercial product launches across key applications INDUSTRIAL & AUTOMATION SMART CAMERA FOR HEALTH CARE 216 LTE IoT Modem Greater¹ connectivity and location in a small package, ultra- low powe
Slide 18: Building a comprehensive ecosystem for Industrial IoT
Healthcare Manufacturing Public safety Retail Connected devices and gateways Industrial gateways, robotics Industrial handhelds POS, digital signage Building a comprehensive ecosystem for Industrial IoT More than 16K customers Smart cities Smart home Transportation and logistics Utilities Building a
Slide 19: The Qualcomm Aware Platform
The Qualcomm Aware™ Platform Combines our industry-leading silicon with critical IoT services delivered through a cloud infrastructure and can be integrated with enterprise software and reseller platforms Easily scalable across our vast ecosystem and opens new SaaS-based revenue opportunities Qualco
Slide 20: Fiscal 2022 Highlights
Fiscal 2022 Highlights Record revenues and EPS Revenues YoY Non-GAAP1 Revenue Growth GAAP EPS2 Non-GAAP EPS $44.2B 32% $11.37 $12.53 QCT QTL Other FY20-FY22 Record revenues of Increased EBT by Revenues of Returned $37.7B 65% $6.3B >2x 3 year-over-year $6.4B Non-GAAP and record EBT of to stockholders
Slide 21: FY22 Record year across key non-GAAP metrics
Revenues EBT EPS +32% +47% +47% FY22 $44.2B $16.6B $12.53 $33.5B Record year v $11.3B $8.54 across key non-GAAP metrics FY21 FY22 FY21 FY22 FY21 FY22
Slide 22: FY22 Growth across all QCT revenue streams
Handsets RF front-end Automotive IoT +49% +4% +41% +37% FY22 $25.0B $1.4B $6.9B $4.2B $4.3B Growthv across $16.8B $975M $5.1B all QCT revenue streams FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22
Slide 23: Grow capital returns and maintain strategic flexibility
Grow capital Continue to grow dividends returns and maintain Announced 7% dividend growth to $3.20 strategic flexibility 1 annualized dividend³ Stock repurchases and dividends Baseline of anti-dilutive buybacks Returned $3.1B to stockholders through repurchases of 21M shares in fiscal 2022 $110B 2 C
Slide 24: Environmental, Social and Governance progress
Environmental, Social and Governance progress Preparing the company for the next decade Reduced Scope 1 and Reached more than 25M people Increased our representation of women Scope 2 greenhouse gas (GHG) through our Wireless Reach programs in leadership² by more than 7%, our emissions by ~28% since
Slide 25: We are at the beginning of one of the largest opportunities in our history
We are at the beginning of one of the largest opportunities in our history Industry trends Demand for our One technology Focused on customers creating new technologies across v roadmap drives and industries vectors of growth virtually every industry earnings expansion that drive stable, long-term re
Slide 26: Thank you
Thank you Nothing in these materials is an offer to sell any of the components References in this presentation to “Qualcomm” may mean Qualcomm Incorporated, or devices referenced herein. Qualcomm Technologies, Inc., and/or other subsidiaries or business units within the Qualcomm corporate structure,
Slide 27: Note regarding forward looking statements
Note regarding forward looking statements
Slide 28: Note regarding forward looking statements
Note regarding forward looking statements In addition to historical information, this presentation and the webcast that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding: our growth opportunitie
Slide 29: Reconciliations
Reconciliations
Slide 30: Note Regarding Use of Non-GAAP Financial Measures
Note Regarding Use of Non-GAAP Financial Measures The Non-GAAP financial measures presented herein should be considered in addition to, not as a substitute for or superior to, financial measures calculated in accordance with GAAP. In addition, “Non- GAAP” is not a term defined by GAAP, and as a resu
Slide 31: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Fiscal 2022 Results GAAP Less Less Share-Based Less Non-GAAP in millions, except per share data Results QSI Compensation Other Items1 Results Revenues $44,200 $31 $— $— $44,169 EBT $14,998 ($279) ($2,061) $740 $16,598 Net income (loss) $12,936 (
Slide 32: Fiscal 2020 Results
Fiscal 2020 Results GAAP Less Less Share-Based Less Non-GAAP in millions, except per share data Results QSI Compensation Other Items1 Results Revenues $23,531 $36 $— $1,841 $21,654 Net income (loss) $5,198 ($3) ($974) $1,359 $4,816 Diluted EPS $4.52 $— ($0.85) $1.18 $4.19 Diluted shares 1,149 1,149