Ttm Technologies, Inc. · NASDAQ:TTMI
Ttm Technologies — Needham Growth Conference 2013
26 slides from Ttm Technologies's conference presentation, Jan 17, 2013
Slide 1: TTM Technologies Investor Presentation, Needham Growth Conference
TTM Technologies Investor Presentation Needham Growth ConferenceJanuary 17, 2013
Slide 2: Safe Harbor
Safe HarborDuring 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, but
Slide 3: Recent Developments
Recent Developments Q4 2012 revenue and EPS will be at or somewhat above high end of guidance range; we'll announce earnings on Feb. 5Appointed Thomas Edman as President20 years of electronics industry experience in the U.S. and Asia Extensive knowledge of TTM's business as board member since 2004Fi
Slide 4: Company Overview
Company Overview "Thee:
Slide 5: 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 ChinaApproximately 20,000 employees worldwideFocused on advanced technology productsTotal customer solution: prototype through productionTechnology development co
Slide 6: Historical Pro Forma Sales
(CHART) Historical Pro Forma Sales* AP: 21% CAGRNA: 15% CAGRTotal: 19% CAGR * AP includes Meadville pro forma sales
Slide 7: 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 demandsKey supplier in rapidly growing touch screen tablet marketExpanding position i
Slide 8: Regional PCB Company Ranking 2011
Regional PCB Company Ranking 2011 Regional PCB Company Ranking 2011 Regional PCB Company Ranking 2011 Top 5 American PCB Makers Top 5 Chinese PCB Makers Source: NT Information, Global PCB Output Report, May 2012 $ in millions USD $ in millions USD Represents approximately 36% of 2011 total Americas
Slide 9: 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 10: Industry & Market Overview
Industry & Market Overview "Tithe:
Slide 11: 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 Asia60% 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 a
Slide 12: 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 (CHART)
Slide 13: Diversified End Markets
(CHART) Diversified End Markets AP Combined NA Aerospace / DefenseCellular PhoneComputing / Storage / PeripheralsMedical / Industrial / InstrumentNetworking / CommunicationsOther 0%24%27%6%27%16% 42%0%10%13%34%1% 3Q 2012 Sales
Slide 14: Future Plans & Strategies
Future Plans & Strategies "Tithe
Slide 15: 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 16: Value Added Strategy Throughout Product Life Cycle
Value Added Strategy Throughout Product Life Cycle Advanced Technology & Service Excellence Early involvement engineering support Prototype / QTAPilot orders Increasing volumes - short lead timeHigh technology Volume production High Mix / Low Volume High Volume R&D START END Maturity NPI Launch/ Ram
Slide 17: Key Initiatives
Key Initiatives AP StrategyFocus on smartphone, touch-pad tablets and other hand-held devices by expanding further in advanced HDI flex and rigid-flexContinue to grow higher conventional technology capabilities for networking infrastructureLeverage niche position in substrate Optimize efficiencyNA S
Slide 18: Financial Overview
Financial Overview —
Slide 19: 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 20: 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 21: Balance Sheet Highlights
Balance Sheet Highlights December 31, September 24, 2011 2012 (Sin miions) Assets Cash and Cash Equivalents Accounts and Notes Receivable, Net Inventories Property, Plant and Equipment, Net Goodwill Definite-Lived Intangibles, Net All Other Assets Total Assets Liabilities and E T De iding Current Po
Slide 22: Cash Flow
Cash Flow (Sinmitions) Net Income Depreciation of Property, Plant and Equipment Amortization of Definite-Lived Intangible Assets Impairment of Goodwill and Long-Lived Assets Other Operating Activities Working Capital Changes Cash Flow from Operations ‘Net Capital Expenditures Other Investing Activit
Slide 23: Investment Highlights
Investment Highlights Market leader in advanced technology PCBs globallyStrong track record of operating performanceEmphasis on customer service with facilities tailored to meet customer needs now and in the futureFocused on growth through organic opportunities as well as strategic acquisitionsHealt
Slide 24: Appendix
Appendix "Tithe:
Slide 25: Reconciliations
Reconciliations (Sin milions, except EPS) Adjusted EBITDA Reconciliation: Net Income (Loss) [Add Back: Impairment of Goodwi Adjusted EBITDA Non-GAAP EPS Reconciliation: Net income (Loss) Attributable to Stockholders ‘Add Back tems’ Non-GAAP net income attributable to stockholders Non-GAAP earnings p
Slide 26: IR Contacts
IR Contacts Asia Pacific Audrey SimVP, Investor Relations & Marketinge-mail: audrey.sim@ttmtech.com.hk Corporate Steve RichardsCFO & Investor Relationse-mail: steve.richards@ttmtech.com