Slide 1: TTM Technologies Investor Presentation, UBS Global Technology Conference
TTM Technologies Investor Presentation UBS Global Technology Conference November 15, 2012
Slide 2: Safe Harbor
Safe Harbor During the course of this presentation, the company will make forward- looking statements subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, bu
Slide 3: Company Overview
Company Overview a
Slide 4: Global Leader in PCB Manufacturing
Global Leader in PCB Manufacturing Leading global PCB manufacturer - $1.4 billion in revenue* 15 specialized factories located in U.S. and China Over 16,000 employees worldwide Focused on advanced technology products Total customer solution: prototype through production Technology development coordi
Slide 5: Historical Pro Forma Sales
Historical Pro Forma Sales* AP: 21% CAGR NA: 15% CAGR Total: 19% CAGR * AP includes Meadville pro forma sales
Slide 6: Current Global Ranking: Top World PCB Makers 2011
Current Global Ranking Top 10 World PCB Makers 2011 Represents approximately 30% of 2011 total world PCB output $ millions Core supplier to wide range of high-end networking products addressing increasing bandwidth demands Key supplier in rapidly growing touch screen tablet market Expanding position
Slide 7: Regional PCB Company Ranking 2011
Regional PCB Company Ranking 2011 Rank Company Revenue est. 1 TTM North America $508 2 DDI $263 3 Viasystems $145 4 Sanmina-SCI $138 5 Endicott Interconnect $90 Top 5 Total Top 5 Total $1,144 Rank Company Revenue est. 1 Zheng Ding (Foxconn) $1,510 2 KB Group $1,400 3 HannStar $1,314 4 Tripod $1,270
Slide 8: Specialized Facilities Provide Optimal Growth
Specialized Facilities Provide Optimal Growth Integrated manufacturing platform enables TTM to execute a global facility specialization strategy Focused Assembly 8 Shanghai, China 1 Stafford, CT 3 San Diego, CA Aerospace/Defense 5 High Tech/Quick-Turn/High Mix 4 Chippewa Falls, WI 2 Santa Clara, CA
Slide 9: Industry & Market Overview
Industry & Market Overview rT
Slide 10: World PCB Outlook
World PCB Outlook The worldwide PCB market is expected to grow at nearly 6 percent through 2014 with the majority of growth occurring in Asia 60% of the world PCB production will be generated from the Greater China region in 2014 PCB production in the Americas is expected to deliver moderate growth
Slide 11: 2011 World PCB Production by Product Type
2011 World PCB Production by Product Type TTM is focused on advanced technology Source: Prismark Partners, May 2012
Slide 12: Diversified End Markets
Diversified End Markets AP Combined NA Aerospace / Defense Cellular Phone Computing / Storage / Peripherals Medical / Industrial / Instrument Networking / Communications Other 0% 24% 27% 6% 27% 16% 42% 0% 10% 13% 34% 1% 3Q 2012 Sales
Slide 13: Future Plans & Strategies
Future Plans & Strategies Tim Technologies
Slide 14: Positioned for Revolutionary Growth
Positioned for Revolutionary Growth Advanced PCB and Semiconductor Technology Expansion in Communication, Networking & Storage Infrastructure Proliferation of "Converged Mobile Devices" Explosion of Network Applications & Cloud Computing Consumer Demand for Advanced Printed Circuit Board Technology
Slide 15: Value Added Strategy Throughout Product Life Cycle
Value Added Strategy Throughout Product Life Cycle Advanced Technology & Service Excellence Early involvement engineering support Prototype / QTA Pilot orders Increasing volumes - short lead time High technology Volume production High Mix / Low Volume High Volume R&D STAR T END Maturity NPI Launch/
Slide 16: Key Initiatives
Key Initiatives AP Strategy Focus on smartphone, touch-pad tablets and other hand- held devices by expanding further in advanced HDI flex and rigid-flex Continue to grow higher conventional technology capabilities for networking infrastructure Leverage niche position in substrate Optimize efficiency
Slide 17: Financial Overview
Financial Overview ee
Slide 18: Income Statement - Q3 YTD
Income Statement - Q3 YTD* * Includes goodwill impairment charges of $218.4M, debt extinguishment of $5.5M and non-recurring tax benefit of $3.3M
Slide 19: Target Model
Target Model * Excludes goodwill impairment charges of $218.4M, debt extinguishment of $5.5M and non-recurring tax benefit of $3.3M
Slide 20: Balance Sheet Highlights
Balance Sheet Highlights December 31, September 24, (Si milions) 2011 2012 Assets Cash and Cash Equivalents $196.1 $280.8 Accounts and Notes Receivable, Net 3166 3136 Inventories 129.4 141.9 Property, Plant and Equipment, Net 7668 817.4 Goodwill 183.3, 121 Definite-Lived Intangibles, Net 80.5 305 Al
Slide 21: Cash Flow
Cash Flow (Sinmitions) Net Income Depreciation of Property, Plant and Equi ‘Amortization of Definite-Lived Intangible Assets, Deferred Income Taxes ‘Stock-Based Compensation Impairment of Goodwill and Long-Lived Assets (Other Operating Activities Working Capital Changes Cash Flow from Operations [Ne
Slide 22: Investment Highlights
Investment Highlights Market leader in advanced technology PCBs globally Strong track record of operating performance Emphasis on customer service with facilities tailored to meet customer needs now and in the future Focused on growth through organic opportunities as well as strategic acquisitions H
Slide 23: Appendix
Appendix "Tih
Slide 24: Adjusted EBITDA and Non-GAAP EPS Reconciliation
yD (S in milions, excopt EPS) om ‘September 24, 2012 Adjusted EBITDA Reconciliation: sar (s1928) Net Income (Loss) ‘Add Back tems: Income Tax Provision 78 Interest Expense 192 Depreciation Expense 603 Amortization of intangibles 422 EBITDA ($933) [Add Back: Impairment of Goodwill and Long lived Asse
Slide 25: IR Contacts
IR Contacts Asia Pacific Audrey Sim VP, Investor Relations & Marketing e-mail: audrey.sim@ttmtech.com.hk Corporate Steve Richards CFO & Investor Relations e-mail: steve.richards@ttmtech.com