Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Investor Presentation (March 2016)
29 slides from Diodes's investor presentation, Mar 11, 2016
Slide 1: Investor Relations Presentation
Investor Relations Presentation February, 2016 EXHIBIT 99.2
Slide 2: Safe Harbor Statement
Page 2 Safe Harbor Statement Any statements set forth herein that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements include, b
Slide 3: Management Representative
Page 3 Management Representative Dr. Keh-Shew Lu President and CEO Diodes Incorporated Since 2005 Texas Instruments 27 years Experience: Senior Vice President of TI Worldwide Analog and Logic President of Texas Instruments – Asia Education: Master's Degree and Doctorate in Electrical Engineering Tex
Slide 4: Company Representative
Page 4 Company Representative Laura Mehrl Director of Investor Relations Since May 2010 Experience: Director of Investor Relations, Diodes Incorporated, Plano, Texas Senior Business Development Manager, STMicroelectronics, Carrollton, Texas Sales Director for Analog Devices Inc., Shanghai, China Pro
Slide 5: About Diodes Incorporated
Page 5 A leading global manufacturer and supplier of high-quality application specific, standard products within the broad discrete, logic and analog markets, serving the consumer, computing, communications, Industrial and automotive segments. About Diodes Incorporated
Slide 6: Business Objective
Page 6 Business Objective To consistently achieve above-market profitable growth , utilizing our innovative and cost-effective packaging and silicon technology, suited for high volume, high growth markets by leveraging process expertise and design excellence to deliver high quality semiconductor pro
Slide 7: Significant Market Opportunity
Page 7 $140 bn $33 bn $77 bn $45 bn $21 bn Opto $19 bn Std Logic Analog Discrete Micro/Special Memory 2015 Total Semiconductor Market ($335 bn) Significant Market Opportunity Diodes’ SAM: $10 - $12 bn Diodes’ SAM: $14 - $16 bn Diodes’ SAM: $1 - $3 bn
Slide 8: Diodes Growth Strategy
Page 8 Diodes Growth Strategy Many Paths for Growth: Product Portfolio Product arena Product line expansion Performance enhancement Application Space Targeted end equipment Broad customer base Increased product coverage Packaging Breadth Broad packaging portfolio Increased power density Small form f
Slide 9: Product Portfolio Progression
Page 9 2006 2010 Product Portfolio Progression Discrete Diodes MOSFETs Rectifiers Transistors Protection Devices Analog Power Management Power Switches Standard Linear Sensors LED Drivers AC-DC Converters Logic Low Voltage CMOS High Speed CMOS Advanced Ultra-Low Power CMOS
Slide 10: Performance Enhancement
Page 10 SKY Rectifiers MOSFETs Bipolar LDO DC-DC (Asynchronous) AC-DC (Secondary side controllers) LED Drivers (DC Input) Performance Enhancement Diodes’ product upgrade has expanded our SAM. SBR ® (Super Barrier Rectifiers) ( Vb < 400v) DIOFET TM (Low R DS(on) , Vb < 100V) CMOS LDO (Low power) DC-D
Slide 11: Efficiency, Functionality and Control for Smartphones
Page 11 Efficiency, Functionality and Control for Smartphones LED Backlighting LED Drivers Boost Converters Schottky Diodes LCD / OLED Display Bias LCD Bias ICs OLED Bias ICs Schottky Diodes LED Flash Module Camera Flash Drivers ZXMN series MOSFETs Keypad Backlighting LED Drivers Boost Converters Sc
Slide 12: Strong Relationships Drive LCD/LED TV Product Roadmaps
Page 12 Strong Relationships Drive LCD/LED TV Product Roadmaps LCD Display Buffer 40V High-gain BJT System Power Conversion Low Dropout Regulators DC-DC Converters Voltage References Synchronous MOSFET Controllers 40V/100V SBR and Schottkys Bridge Rectifier Diodes LCD LED Backlighting Current Monito
Slide 13: Product Breadth and Performance for Computing Platforms
Page 13 Product Breadth and Performance for Computing Platforms LCD / LED Backlighting LED Drivers Boost Converters Schottky Diodes Battery Power Management Current Monitors Load Switches Low-Saturation BJT ZXMP series MOSFETs System Voltage Conversion Low Dropout Regulators DC-DC Converters Schottk
Slide 14: Automotive Quality for Demanding Automotive Applications
Page 14 Automotive Networking ESD Protection TVS Protection Seat Control Module Hall Sensor SBR IntelliFET ® Voltage Reference Body Control Module Bipolar Transistors Shunt Regulator Voltage Reference IntelliFET MOSFETs Hall Sensor Braking Control Unit Voltage Reference IntelliFETs MOSFETs Hall Sens
Slide 15: Power and Signal Management for the Broad Industrial Market
Page 15 Power and Signal Management for the Broad Industrial Market Power Management AC-DC Converters DC-DC Converters LDO Regulators HV Regulators Shunt Regulators Gate Drivers Synchronous Rectifiers HV Rectifiers and Bridges SBRs HV Switches Signal Conditioning Op Amps Comparators Linear Hall Volt
Slide 16: Complete Charger and Power Adapter Solution and Trend
Page 16 Primary Rectifiers Bridges Diodes PSR Controllers AP3775/6 Secondary Rectifiers Schottky Diodes SBR ® Sync. Rectifiers Standby Power Cost System Efficiency New Technology PSR Accelerator AP434X Market Trend Complete Charger and Power Adapter Solution and Trend Switches HV BJT
Slide 17: Packaging roadmap by package type
Page 17 TSSOP-8/14/16L SOT89 SC59 SOT353/363 SOT143/SC82 SOT543/553 /563/666 SOT223 ~ 2015 SOT953/963 QSOP-16/20L TSOT23-5/6 DFN0603 PowerDI-5SP Power5060-8L ITO220AC-S DFN1114-3 DFN5060-4 Power3333-8L DFN0808-4 DFN0806-3 PD-123/323 PowerDI3030 MSOP-8/10L TO263-2/3/5L TO220-3L SOP-8/14/16L-EP MSOP-8
Slide 18: Packaging Focus: Miniaturization and Power Efficiency
Page 18 Packaging Focus: Miniaturization and Power Efficiency Power Efficiency Miniaturization DDFN0402 Possibly the smallest Discrete semiconductor package. Compared to a TO252 , the PowerDI ® package delivers twice the power density from a 55% smaller footprint. PowerDI ® TO252
Slide 19: Packaging and Wafer Fabs
Page 19 Packaging Wafer Fabs Shanghai-based packaging with capacity approximately 30 billion units The new packaging facility in Chengdu has a potential capacity of 5X that of Shanghai Additional packaging facilities in Neuhaus, Germany and in Chengdu, China Two discrete fabs, two analog fabs in Kan
Slide 20: Collaborative Customer Relationships
Page 20 Collaborative Customer Relationships Quanta
Slide 21: Annual Revenue Growth Rates Outperforming the Industry
Page 21 Annual Revenue Growth Rates Outperforming the Industry Industry (Discrete + Analog + Logic) 2005 to 2015 Growth Diodes Inc.: 14.7% SAM Industry: 3.1%
Slide 22: Revenue Growth
Page 22 Revenue Growth ( In millions ) +41% +3.6% -0.2% +7.7% ( Acquisition Years ) * * * * * +30.5% - 4.7% 826.8 890.7 848.9 1000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 23: Revenue Profile – 4Q2015
Page 23 9% 81% 10% Asia Pacific Europe North America 66% 34% Distribution OEM / EMS 18% 20% 25% 32% 5% Industrial Consumer Communications Automotive Computing Revenue Profile – 4Q2015 By Channel By Region By End Market
Slide 24: Summary of Year 2015
Page 24 Summary of Year 2015 Completed the acquisition of Pericom Semiconductor on November 24 and included the initial purchase accounting adjustments in the fourth quarter 2015 GAAP results; Revenue was $848.9 million, a decrease of 4.7 percent over the $890.7 million in 2014; Non-GAAP Gross profi
Slide 25: Fourth Quarter 2015 Financial Performance
Page 25 In millions, except per share 4Q14 3Q15 4Q15 Fourth Quarter 2015 Financial Performance Revenue $223.7 $208.9 $214.4 Revenue Growth -4.2% 2.6% Gross Profit (GAAP) $70.7 $61.6 $53.6 Gross Profit Margin % (GAAP) 31.6% 29.5% 25.0% Net Income (GAAP) $16.7 $2.8 -$4.8 Net Income (non-GAAP) $18.3 $6
Slide 26: Balance Sheet
Page 26 Balance Sheet Dec 31, 2014 Cash $197 $243 $218 Short-term Investments $23 $12 $65 Inventory $180 $182 $203 Current Assets $650 $687 $751 Total Assets $1162 $1179 $1601 Long-term Debt $183 $141 $456 Total Liabilities $419 $369 $758 Total Equity $744 $810 $843 Dec 31, 2015 In millions Dec 31,
Slide 27: 1Q 2016 Business Outlook
Page 27 Expect revenue to range between $214 million and $235 million, or flat to up 10 percent sequentially, including the first full quarter of revenue from Pericom; Expect non-GAAP gross margin to be 30.0 percent, plus or minus 2 percent; Non-GAAP operating expenses are expected to be approximate
Slide 28: Strategy: Profitable Growth
Page 28 Diodes Strategy: Profitable Growth
Slide 29: Thank you
Diodes was named one of the 10 Best Stocks of the Past 20 Years March 2012 Thank you Company Contact: Diodes Incorporated Laura Mehrl Director of Investor Relations P: 972-987-3959 E: laura_mehrl@diodes.com Investor Relations Contact: Shelton Group Leanne K. Sievers EVP, Investor Relations P: 949-22
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