Qualcomm Incorporated · NASDAQ:QCOM
Qualcomm — Shareholder Meeting (March 2021)
20 slides from Qualcomm's shareholder meeting presentation, Mar 10, 2021
Slide 1: 2021 Annual Meeting of Stockholders
2021 Annual Meeting of Stockholders March 10, 2021
Slide 2: 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 agreements that are expiring; our dependence on a limited number of third-party suppliers; risks associated with the operation and
Slide 3: Steve Mollenkopf, CEO
Steve Mollenkopf CEO, Qualcomm Incorporated
Slide 4: Fiscal 2020 results
Fiscal 2020 results $21.7B 1 Non-GAAP Revenues QCT handset revenues QCT adjacent revenues2 QTL revenues $5.5B $10.5B $6.0B $5.0B Non-GAAP Earnings Before Taxes Up 7% Up 24% Up 10% $4.19 year over year year over year year over year Non-GAAP Diluted Earnings Per Share 1) Non-GAAP information excludes
Slide 5: Fiscal 2021 Q1 results
Handsets1 Year-over-year $2.4B → $4.2B Fiscal 2021 Q1 ↑79% revenues results RF front-end1 Year-over-year $0.4B → $1.1B $8.2B ↑157% revenues Non-GAAP Record revenues Automotive1 $2.9B ↑44% Year-over-year revenues $147M → $212M Non-GAAP Earnings Before Taxes IoT1 $2.17 ↑48% Year-over-year revenues $0.
Slide 6: Qualcomm's mission during COVID-19 has been reinforced and amplified
Qualcomm’s mission during COVID-19 has been Our employees reinforced and amplified Implemented 24/7 Emergency Response Team Provided mental wellbeing, professional development and benefits resources Our customers Continuing to launch our products on time Continued advancing our product roadmap Our c
Slide 7: Grow capital returns and maintain strategic flexibility
Grow capital returns and maintain strategic flexibility Stock repurchases and dividends $0.68 $0.65 $0.62 Quarterly cash dividend per share1 $0.57 $0.42 $0.48 $0.53 $96B Cumulative return of capital to stockholders $0.35 1 $0.22 $0.25 $0.68 Increased quarterly dividend per share Jun '11 Jun '12 Jun
Slide 8: 5G accelerating globally
5G accelerating globally 140 Operators with 5G 270+ Additional operators 1B+ 5G connections by 2023e — commercially deployed investing in 5G 2 years faster than 4G Sources: 5G commercial networks and operators investing in 5G: GSA, Jan 2021. 2023 5G connection projections: average of ABI, Jun 2020;
Slide 9: 5G adoption
5G adoption 5G presents significant long-term opportunity >750 5G handset shipments (units in millions) 3.8B 5G smartphones to ship between 2020–2024 450 - 550 ~225 CY19e CY20e CY21e CY22e Sources: 5G smartphone shipments: Qualcomm estimates as of FY21Q1. 5G cumulative smartphone shipments (2020-24)
Slide 10: Mobile technology is converging with computing, edge and cloud
Mobile technology Connectivity is converging with computing, edge devices, and cloud 5G is essential for the digital economy Compute
Slide 11: A significant opportunity ahead
Automotive Mobile compute Mobile handsets Wireless infrastructure and networking Mobile technology XR powers edge devices across industries 5G enables AI to reach A significant its full potential Voice and music Wearables opportunity RAN processors and RFFE ahead RF front-end Industrial Cloud/edge A
Slide 12: A tremendous growth opportunity ahead
A tremendous growth opportunity ahead1 $100B CY22e SAM $65B CY19e SAM 1) SAM numbers provided at Analyst Day, 2019 SAM: Serviceable Addressable Opportunity, combination of third-party and internal estimates Includes $11B investment opportunity in modules in CY22e.
Slide 13: Environmental, Social and Governance progress
Environmental, Social and Governance progress Preparing the company for the next decade Reduced our Scope 1 and Reached 20M people Increased female engineering Scope 2 greenhouse gas emissions through our Wireless Reach representation by 17%, worldwide, by ~14% since 2014 baseline programs and since
Slide 14: ESG recognition and awards
ESG recognition and awards THE WORLD'S MOST/) ADMIRED COMPANIES hy ees THE Ny WORLD ‘ 2020 A BEST “: | PLACES TO WORK 2021 | for LGBTQ Equality 100% CORPORATE EQUALITY INDEX Newsweek | Statista% | ESR He tite se e n g BEST Kine ea nZDes Un = AWADD) QO2O0
Slide 15: 2025 goals in support of our 2030 vision
Reduce absolute Scope 1 and Scope 2 Greenhouse Gas (GHG) emissions by 30% compared to a 2014 baseline Ensure 100% of primary semiconductor manufacturing suppliers are audited every 2 years Enrich the lives of 27M people by continuing 2025 goals in to bring technology to underserved communities throu
Slide 16: Company well positioned. The world's leading wireless technology innovator
Company well positioned. The world’s leading wireless technology innovator Leading technology Best products On the cusp of and intellectual and roadmap in the multi-decade 5G property company’s history transformation
Slide 17: Thank you
Thank you Follow us on: For more information, visit us at: www.qualcomm.com & www.qualcomm.com/blog Nothing in these materials is an offer to sell any of the References in this presentation to “Qualcomm” may mean Qualcomm components or devices referenced herein. Incorporated, Qualcomm Technologies,
Slide 18: Reconciliations
Reconciliations
Slide 19: 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 resul
Slide 20: Fiscal 2020 and fiscal Q1 2021 results
Fiscal 2020 and fiscal Q1 2021 results In millions, except per share data GAAP Less QSI Less Share-Based Less Other Non-GAAP Results Compensation Items (1), (2) Results Revenues $23,531 $36 $— $1,841 $21,654 Earnings (loss) before taxes 5,719 (11) (1,212) 1,458 5,484 FY ‘20 Net income (loss) 5,198 (