Synaptics Incorporated · NASDAQ:SYNA
Synaptics — Q3 FY2019 Earnings Presentation
15 slides from Synaptics's earnings presentation, May 9, 2019
Slide 1: Third Quarter Fiscal 2019 Earnings
Third Quarter Fiscal 2019 Earnings May 9, 2019 Exhibit 99.2
Slide 2: 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 (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements give our current expectations a
Slide 3: Non-GAAP Results
Non-GAAP Results •In evaluating our business, we consider and use non-GAAP net income, which we define as net income excluding share-based compensation, acquisition related costs, and certain other non-cash or recurring and non-recurring items we do not believe are indicative of our core operating p
Slide 4: Q3FY19 Highlights
Q3FY19 Highlights Financial Highlights Seven consecutive quarters of non-GAAP gross margin improvement $47M cash flow generated from operations Increased cash balance by $41M to $324M at quarter end $148M in share repurchase authorization still available Business Highlights Shipping millions of new
Slide 5: Executing to Corporate Transformation
Executing to Corporate Transformation Disciplined financial practices Targeting gross margins in the 40’s percentage range Aligning Opex spending with strategic resource allocation Aggressive & focused go-to-market strategies Differentiated “intelligence at the edge” solutions driving a high-value p
Slide 6: Q3 FY'19 Financial Results
Q3 FY’19 Financial Results See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures Year over Year Q1’19 Actual Q1’18 Actual Delta $ Delta %
Slide 7: Q3 FY'18 and Q3 FY'19 Results vs Q3 FY'19 Guidance
Q3 FY’18 and Q3 FY’19 Results vs Q3 FY’19 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures
Slide 8: Third Quarter Fiscal 2019 Cash & Debt
Third Quarter Fiscal 2019 Cash & Debt Debt amounts presented above are as of the end of each quarter presented and represent the balances due to third parties and exclude discount & debt issuance cost adjustments as presented on our balance sheet. $ Millions
Slide 9: Third Quarter Fiscal 2019 Balance Sheet
Third Quarter Fiscal 2019 Balance Sheet Balances are as of the end of each quarter presented Debt, net balance reflects debt net of discount and debt issuance costs Repurchased 1.85 million shares YTD ‘19 for $77 million
Slide 10: Fourth Quarter Fiscal 2019 Guidance
Fourth Quarter Fiscal 2019 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures
Slide 11: Revenue Trend
Revenue Trend $ Millions Q1’18 is a 14 week period, all other quarters presented are 13 week periods Mid-Point Guidance
Slide 12: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Non-GAAP Net Income Non-GAAP EPS See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures
Slide 13: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables
Slide 14: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued
Slide 15: Synaptics trademarks
ie @ Synaptics’ (©2019 Synaptics Incorporated ‘Synaptics, the Synaptics logo, TouchPad, ClickPad, SecurePad, ClearPad, ClearView, Synaptics TouchView, Natural 1D, ClearForce, SentryPoint, AudioSmart, VideoSmart, ImagingSmart, SyNAP, Design Studio, Image Studio and