Slide 1: InterDigital Sidoti Conference
InterDigital Sidoti Conference March 24, 2022
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation,
Slide 3: We Invent the Technologies That Make Life Boundless
Our Strength Five decades of pioneering wireless and visual technologies innovation WE INVENT THE Our Business Model Develop and share core technology through the global standard process and license related IP TECHNOLOGIES THAT MAKE LIFE Our Competitive Edge One of the strongest patent portfolios in
Slide 4: 50 Years of Research and Innovation
50 Years of Research and Innovation Pioneering research integral to the evolution of cellular wireless and video innovation since 1972. 50 Have consistently invested >20% of revenue in R&D, building a global portfolio of ~28,000 patents and applications licensed to the world’s largest technology com
Slide 5: Recognized Global Innovation Leader
Recognized Global Innovation Leader LexisNexis placed InterDigital amongst the World’s 100 Most Innovative Businesses. Innovation Momentum 2022: The Global Top 100, specifically recognized companies with “exceptional technology relevance for the future and those outperforming their peers” ©2022 Inte
Slide 6: 5G Drives Industry Growth
5G Drives Industry Growth 5G will unlock richer experiences for more devices in more industries worldwide By 2030, 5G adoption projected to boost global GDP by $1.3 trillion1 Data-rich services like cloud gaming and AR: more than 4.4 billion subscribers by 20272 New markets for 30.2 billion IoT devi
Slide 7: InterDigital Foundational Research Driving 5G
InterDigital Foundational Research Driving 5G Patented innovations unlock key features for 5G ULTRA-HIGH SPEED & MORE EFFICIENT ULTRA-RELIABLE LOW POWER NETWORK CAPACITY SPECTRUM USE LOW LATENCY MANAGEMENT Enabling 5G’s Optimizing the use of Facilitating faster, more Increasing energy higher frequen
Slide 8: Increasingly Diverse Patent Portfolio
Increasingly Diverse Patent Portfolio Our patent portfolio grew by nearly 50% with the addition of video and related technologies through acquisitions and organic growth 2017 2022 ~19,000 Assets ~28,000 Assets Wireless Video Product Features & Apps DTV Broadcast & Home Network ©2022 InterDigital, In
Slide 9: Recognized Leader in 5G Patent Quality
Recognized Leader in 5G Patent Quality InterDigital ranks highest among the leading 5G patent holders for Patent Quality by an independent third party1 1 Patentsight Mar 2022 ©2022 InterDigital, Inc. All Rights Reserved. 3/24/2022 9
Slide 10: Ongoing Licensing Momentum
Ongoing Licensing Momentum 13 ~800M >6B New licenses in ‘21, Estimated licensed Licensed devices more than double ‘20 devices in 2021 in the past 10 years © 2022 InterDigital, Inc. All Rights Reserved. 3/24/2022 10
Slide 11: Recent Revenue Growth
Recent Revenue Growth $425M $359M $319M $307M 2018 2019 2020 2021 Our revenue has grown steadily, driven by increasing business momentum ©2022 InterDigital, Inc. All Rights Reserved. 3/24/2022 11
Slide 12: 2021 Highlights
2021 Highlights 13 $425M $71M $359M $55M 6 2020 2021 2020 2021 2020 2021 New Licenses Revenue Operating Income >2X 19% 29% ©2022 InterDigital, Inc. All Rights Reserved. 3/24/2022 12
Slide 13: Growth Opportunities
Growth Opportunities SMARTPHONES CONSUMER ELECTRONICS Cumulative NEW USE CASES Revenue Platform Recurring annual Opportunity revenue Recurring of ~$650M ~500M+ annual revenue Upside Opportunity: 5G enables +8B new $150M cellular devices by 2025(1) (1) Source: OMDIA ©2022 InterDigital, Inc. All Right
Slide 14: Robust Return of Capital
Robust Return of Capital Stock buyback > $325M in share repurchases since 2018 > 8% net reduction in basic share count > $500M returned to shareholders Dividends in last 4 years > $175M in dividends paid since 2018 Above average Nasdaq yields ©2022 InterDigital, Inc. All Rights Reserved. 3/24/2022 1
Slide 15: In Summary
In Summary Our Strength Five decades of pioneering wireless and visual technologies innovation WE INVENT THE Our Business Model Develop and share core technology through the global standard process and license related IP TECHNOLOGIES THAT MAKE LIFE Our Competitive Edge One of the strongest patent po
Slide 16: We invent the technologies that make life boundless.
We invent the technologies that make life boundless. ©2022 InterDigital, Inc. All Rights Reserved. 16