Broadcom Inc. · NASDAQ:AVGO
Broadcom — Investor Presentation (September 2018)
22 slides from Broadcom's investor presentation, Sep 7, 2018
Slide 1: Broadcom Inc. Company Overview September 2018
Broadcom Inc. Company Overview September 2018 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom Inc. (“Broadcom” or the “Company”). These
Slide 3: Broadcom at a Glance
Broadcom at a Glance One of the industry’s broadest IP portfolios with ~21,000 patents 20 leading franchises in their markets ~75% of all employees are world-class engineers FY17 net revenue of $17.7B* $3.3B investment in R&D in FY17 * FY17 Non-GAAP revenue of Broadcom Limited.
Slide 4: Heritage of Technology
Heritage of Technology IPO 1961 1981 1996 1999 2002 2005 2007 2009 2014 2016 1991 2017 1995 2018
Slide 5: Global Presence to Serve Our Expanding Customer Base
Global Presence to Serve Our Expanding Customer Base Bangalore, IN Hyderabad, IN Seoul, KR Shanghai, CN Penang, MY Taipei, TW Beijing, CN Shenzhen, CN Hsin-Chu, TW Tokyo, JP Singapore, SG Design Sites (~50+ employees) Headquarters Manufacturing Sites Irvine, CA San Diego, CA Fort Collins, CO Colorad
Slide 6: Diversified Revenue Model
Diversified Revenue Model Revenue by Segment* * Represents Broadcom Inc. Third Quarter Fiscal 2018 Results (Broadcom Inc. is the successor to Broadcom Limited, effective April 4, 2018) End Markets Wired Infrastructure Networking and Broadband Wireless Communications RF Front End and Wireless Connect
Slide 7: Data Center: Networking & Storage Connectivity
Data Center: Networking & Storage Connectivity Networking Server Connectivity Storage Ethernet Connectivity (Switching, Controller, PHY) Custom ASICs Optical Components SSD/HDD Controller NVMe/SAS/SATA/PCIe Connectivity Fibre Channel SAN Switches & HBAs
Slide 8: Broadband: End-to-End Solutions
Broadband: End-to-End Solutions Connected Devices Service Provider Customer Premise P2P Ethernet DSL PON DOCSIS CMTS Wi-Fi Router STB (Satellite, Cable, IPTV) DSLAM/ PON OLT DSL Gateway/ PON ONU Cable Modem/ DOCSIS
Slide 9: Wireless: Broad Connectivity Portfolio
Wireless: Broad Connectivity Portfolio BDS Galileo GLONASS GPS QZSS GSM/CDMA LTE LTE Advanced Bluetooth 4.x Bluetooth 5.x GNSS Receiver Touch Controller LTE/Cellular Filters Wi-Fi/Bluetooth Combo RF Front End GNSS Wi-Fi Bluetooth 802.11ac 802.11ax
Slide 10: Industrial: Automation & Networking
Industrial/Automotive Ethernet Motion Control LED Display Industrial: Automation & Networking Motion Control Encoders LED Solutions Optical Sensing Optical Isolation Industrial/Automotive Ethernet Optocouplers Fiber Optics Optical Sensors Fiber Optics
Slide 11: Corporate Leadership
Corporate Leadership Hock E. Tan President & CEO Henry Samueli, Ph.D. CTO & Board Member B.C. Ooi SVP, Global Operations Kirsten Spears VP, Corporate Controller & Principal Accounting Officer Ivy Pong VP, Global Taxation Debbie Streeter VP, Human Resources Yuan Xing Lee, Ph.D. VP, Central Engineerin
Slide 12: Division General Managers
Greg Fischer SVP & GM, Broadband Carrier Access Products Mark Gonikberg SVP & GM, Wireless Communications and Connectivity Bryan Ingram SVP & GM, Wireless Semiconductor Lorenzo Longo SVP & GM, Physical Layer Products Rich Nelson SVP & GM, Set-top Box/Cable Modem Products Frank Ostojic SVP & GM, ASIC
Slide 13: Well Positioned for the Future
Well Positioned for the Future Impressive Portfolio of Innovative and Differentiated Products Technology Leadership Across Market Segments Wired Infrastructure Wireless Communications Enterprise Storage Industrial Robust and Sustainable Business and Financial Models Driving Balanced and Diversified
Slide 14: Quarterly Financial Data
Net Revenue (Non-GAAP) Gross Margin (Non-GAAP) Operating Income (Non-GAAP) EPS (Non-GAAP) Quarterly Financial Data* (% of Net Revenue) * Results for the periods prior to Q2’18 represent Broadcom Limited historical results. Broadcom Inc. is the successor to Broadcom Limited effective April 4, 2018. N
Slide 15: Annual Financial Data
Annual Financial Data* Net Revenue (Non-GAAP) Gross Margin (Non-GAAP) Operating Income (Non-GAAP) EPS (Non-GAAP) ($ in millions) (% of Net Revenue) ($ in millions) (% of Net Revenue) * FY14-15 represents Avago Technologies Limited historical results. FY16 represents combined full year Avago Technolo
Slide 16: Dividend Return of Capital Program
Dividend Return of Capital Program* $1.13 $1.55 $1.94 $4.08 $7.00 *FY14-15 represents Avago Technologies Limited historical results. FY16 represents combined historical results for Avago Technologies Limited and Broadcom Limited. FY17 and FY18 through April 4, 2018 represents Broadcom Limited histor
Slide 17: Business Outlook
Business Outlook Based on business trends and conditions as of September 6, 2018, the outlook for continuing operations for the fourth quarter of fiscal year 2018, ending November 4, 2018, is expected to be as follows: GAAP Reconciling Items Non-GAAP Net Revenue $5,397M +/- $75M $3M $5,400M +/- $75M
Slide 18: a» BROADCOM
a» BROADCOM erything
Slide 19: Appendix
Appendix @ BROADCOM’ AlIRights Reserved.
Slide 20: GAAP to Non-GAAP Reconciliation – Quarterly
GAAP to Non-GAAP Reconciliation – Quarterly* ($ in millions) * Results for the periods prior to Q2’18 represent Broadcom Limited historical results. Broadcom Inc. is the successor to Broadcom Limited effective April 4, 2018. Non-GAAP results exclude acquisition-related revenue adjustments, amortizat
Slide 21: GAAP to Non-GAAP Reconciliation – Annual
GAAP to Non-GAAP Reconciliation – Annual* ($ in millions) * FY14-15 represents Avago Technologies Limited historical results. FY16 represents combined full year Avago Technologies Limited results and contributions from acquired Broadcom Corporation business with effect from February 1, 2016. FY17 re
Slide 22: GAAP to Non-GAAP Reconciliation – Forecast
GAAP to Non-GAAP Reconciliation – Forecast* ($ in millions) * Non-GAAP results exclude acquisition-related revenue adjustments, amortization of acquisition related intangible assets, share-based compensation expense, restructuring, impairment and disposal charges, the purchase accounting effect on i