Ttm Technologies, Inc. · NASDAQ:TTMI
Ttm Technologies — Raymond James IT Supply Chain Conference 2004
32 slides from Ttm Technologies's conference presentation, Dec 8, 2004
Slide 1: Raymond James IT Supply Chain Conference
© TTM Technologies Raymond James IT Supply Chain Conference December 8, 2004
Slide 2: Safe Harbor Provision
Safe Harbor Provision TIM Technologies During the course of this presentation, we will make projections or other forward- looking statements regarding future events or the future financial performance of the Company. We wish to caution you that such statements reflect only our current expectations,
Slide 3: Company Overview
Company Overview TIM Technologies TTMis a leading provider of time-critical and technologically complex printed circuit boards to the world’s leading electronic equipment designers and manufacturers “Pure Play” printed circuit board (PCB) manufacturer + Focused on time (24 hrs to 10 days) & technolo
Slide 4: Investment Highlights
Investment Highlights Focused Strategy & + Leader in most attractive PCB segments — time & technology Leading Market Position + Missionfocused facilities — speed, flexibility and technology + Strong relationships with leading OEM and EMS customers Demonstrated + Proven ability to integrate acquisiti
Slide 5: Attractiveness of Time & Technology Strategy
Attractiveness of Time & Technology Strategy + Early access to new customers with high-growth potential Growth + Key supplier to high-growth programs within market leaders + Critical service for new product introduction across multiple industries + Difficult business model to replicate Limited Compe
Slide 6: Industry Overview
Industry Overview
Slide 7: Industry Dynamics and Key Success Factors
Industry Bynamics and Key Success Factors Tim Technologies Current Industry Dynamics Key Success Factors + Continued outlook for stable + Capacity in place for complex products industry conditions and short lead times + High volume, low-mix, low- + Focus on quick-turn, high-mix and technology produc
Slide 8: PCB Competitive Landscape
PCB Competitive Landscape [J Asian focus [1 competitive markets High (> 1,000) 7 Pcs * Cellphones * Limited product + Computer + Advanced PDAS application peripherals + Power supplies z + Automative 4 + Consumer os electronics 2 = Pes Lowendseres |* High-endservers E + Computer + High-end computers
Slide 9: North American PCB Market Overview
North American PCB Market Overview Tim Technologies * $5.3 billion North American PCB market in 2003 © Total number of PCB manufacturers has been reduced by approximately 50% > 950 companies in 1992 to fewer than 500 in 2003 * 30-40% of PCB capacity has been removed since 2000 peak * Only7 PCB fabri
Slide 10: TTM's Strategy
TTM’s Strategy 10
Slide 11: TTM's Strategy
-TTM’s Strategy Customers / End Markets + Diverse base of industry leading customers + Early access to emerging customers and niche enc-markets + Glabal sales reach Technology Time + High performance, technologically camplex PCBS Industry Leading Execution and + Dedicated ultra-short lead time Finan
Slide 12: Technology (Layer Count)
Technology (Layer Count) ry High-Mix / Prototypes || Low Volume & Prototypes 30 y Chippewa Falls Santa Ana 20 10 Leading Edge Technology oO 5 10 15 20 Time (Lead Time in Days) Mission-Focused Facilities - Speed, Flexibility and Technology 12
Slide 13: Capacity Expansion Plan
Capacity Expansion Plan at Existing Facilities Chippewa Falls — Phase One © Approximately 100 additional employees by mid~04 * 44,000 sq. ft. physical expansion > Capital equipment and plant expansion ($10mm) > Additional employees Santa Ana/ Redmond * Target completion by end of 2004 * ongoing capa
Slide 14: Value-Added Pricing
} 5x 4x 3x 2x Value-Added Pricing 1x ox ‘Jan-Sept 2004 Price by Delivery Time Quick-Turn Revenue (10 days or less) > ~27% 2003 » ~23% YTD 04* 24Hours 3Days S5Days 10Days 1120 Standard- Days _ Delivery Time (Lead Time) 14
Slide 15: Revenue By Layer Count
Revenue By ‘Layer Count TIM Technologies Percentage of Revenue 69% 63% Avg. Layer Count YTD 04" = 15.6 ££ Boo 2000= 83 30% 28% 28% a 2% 2% 15% 28% 26% 26% 1999 2000 2001 2002 2003 YTD 2004 i 12-18 Layers Do => 20 Layers Continuing to Upgrade Technological Capabilities ‘Jan-Sept 2004 15
Slide 16: Global Sales Reach
Global:Sales Reach TTM Shipments by Geography Technical —_ Inventory YTD 2004" Sales Support Hub Europe 3 1 1 Asia & ROW 5 1 2 North America 78% 89 Q 6 Total ‘Jan-Sept 2004 16
Slide 17: Customer Concentration
Customer Concentration Percentage of Revenue 62% 64% on = 1% Pa 51% 7 13% a 42% : 10%, 1% 58% 49% 38% 1999* 2000 2001 2002 2003 YTD 2004** H@ TopS customers [1 Customers 6 to 10 increased Exposure to End Market Leaders "Pro forma for he acquisition of Power Cita, which oocutred in July 1008, 7 ‘aa e
Slide 18: Revenue Chain
Revenue Chain YTD 2004" - % of total production revenues End Markets Customers Channel 3) Top OEM EMS Customers Providers -72% i + Cisco Benchmark High-End fae Compu + Hewlett-Packard elestica a + IBM Jabil Plexus Solectron Others = & a Fy 4 E 3 Hy 3 é g io g 8 Shipped OEM Indust./Med. - 15% 28% TTM
Slide 19: Key Customers by End Market
Key Customers by ; End Market TimTechnologies Percentage of Revenue by End Market— YTD 2004" Networking & ts 5 ro Communications 42% RRM Ge Juniper Emu‘ 6 Eg ov: NEC High-End Computing 31% A) SE @ sun Industrial & EELS Aine, Medical 18% S927 & Computer aficron Sinvivia ‘i O% a Peripherals SMU ww Han
Slide 20: Total TTM Solution: Cisco Systems
Total TTM Solution Step 3: Cisco emerges as a leading proto customer at Santa Ana during Q4 | Step 4: Key qualification activities completed and initial orders captured in 04 Cisco Systems: Delivery of Step 1: ACI acquisition created position as a leading supplier to Cisco for complex PCBs Step 2: C
Slide 21: Compelling Growth Opportunities
Compelling Growth Opportunities One-stop manufacturing solution with numerous cross-selling opportunities Quick-turn capabilities for attracting emerging high-growth customers Leadership in technology and advanced manufacturing processes Capacity available through low risk, low cost expansion plan S
Slide 22: Annual Sales
Annual Sales Sales ($mm) ‘Advanced Creuits Acquistion (12/2602) Power Circuits Acquistion (7/14/99) | 180. 203. 129.1 106. $78.5 $89.0 1998 1999 2000 2001 2002 2003 22
Slide 23: Quarterly Sales
uarterly Sales TimTechnologies Sales ($mm) $58.0 to S616) 9622) $62.0 ca oT oll nol Pe 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4a 2003 2004 28
Slide 24: Annual EBITDA and EBITDA Margin
Annual EBITDA* and EBITDA* Margin 40% $60 30% Power Creuits Acquistion (7/14/99) ‘Advanced Creuits Acquistion (12726102) 20% $20 - 10% $33.0 21.4 ral Bd o% $0 1998 1999 2000 2001 2002 2003 * Please see Appendictor EBITDA recondilaton. EBITDA means earings before interest expense (including amorizato
Slide 25: Quarterly EBITDA and EBITDA Margin
Quarterly EBITDA* and EBITDA* Margin $14 ra 25% $12 J i Eso ae 2 = : Pa 18g 14.2) S 6 128 pa 5 $99 i 4 E $6.2 - $3.1 ps ] $0 0% 10 2a 3a 40 10 20 30 2003 2004 * Please see Appendictor EBITDA reconciation. EBITDA means eamings before interest expense (Induding amortization of debt issuance cos), inco
Slide 26: Quarterly Results and Estimates
(8mm, except per share data) Quarterly Results and Estimates 2003 2004 3Q 4Q 1Q 2Q 3Q 4QE Sales $45.3 $54.3 $87.7 $61.6 $62.2 $58.0-$62.0 Gross Profit 95 14.2 17.3 19:4 176 % Margin 21% 26% 30% 31% 28% Operating Income” 40 74 10.7 11.4 12.1 GAAP Diluted EPS $0.06 $0.11 $0.15 $0.17 $0.19 — $0.14-$0.1
Slide 27: Capitalization
‘Capitalization | 12181102 12131103 9127104 Cash & ST Investments $18.9 $317 $52.6 Net Cash 89 23.9 526 Total Shareholders’ Equity 167.4 178.3 201.1 Total Capitalization VTA 186.1 201.1 Well-Capitalized for Future Growth a7
Slide 28: Conclusion
Conclusion Solid industry fundamentals Focused strategy and strong market position Demonstrated execution excellence Industry leading financial performance 28
Slide 29: TTM Technologies
“7 M Technologies
Slide 30: Appendix
Appendix Appendix 30
Slide 31: Annual EBITDA Reconciliation
Het Income (los Add back items: Income taxes Interest expense jon of debt issrance costs ion of property, plant, and equipment Amortization of intangibles Total Add back items EBITDA Afinual EBITDA Reconciliation 1998 1999 2000 2001 20022003 $84 60.2) $a8-t SHB ST : zi 6.0) 62 2338 09 04 122 2600 44
Slide 32: Searchable text section of graphics shown above
Searchable text section of graphics shown above [ GRA PHIC] [LOGO] Raymond James IT Supply Chain Conference December 8, 2004 Saf e Harbor Provision [LOGO] During the course of this presentation, we will make projections or other forward-looking statements regarding future events or the future financ
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