Microchip Technology Incorporated · NASDAQ:MCHP

Microchip Technology — Merger or Acquisition (May 2015)

9 slides from Microchip Technology's merger presentation, May 13, 2015

  1. Slide 1: Micrel Acquisition

    Filed by Microchip Technology Incorporated pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Micrel, Incorporated Commission File No. 001-34020 Filing Date: May 13, 2015 Micrel Acquisition Micrel

  2. Slide 2: Cautionary Statement

     Cautionary Statement: Statements about the expected timing, financial impact and effects of the proposed transaction, and other statements in this presentation that are not historical facts, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litiga

  3. Slide 3: Micrel Overview

    Micrel Overview  High quality Analog franchise with attractive product portfolio  Linear & Power Management (52%), LAN solutions (21%), Timing & Communications (25%) and Foundry Services (2%)  Diversified end markets  Industrial and Automotive (48%), Communications (36%) and Consumer (16%)  Tec

  4. Slide 4: Diverse Customer Base Of Industry Leaders

    Diverse Customer Base Of Industry Leaders Industrial & Automotive Communications Consumer No customer > 10% of revenues 4

  5. Slide 5: Linear and Power Solutions

    AY Linear and Power Solutions MICROCHIP Industrial LDO 25% Hot Swap & Load Commodity LDO Switches drivers 18% 14% By Market industrial & Automotive 57% Consumer 20%

  6. Slide 6: LAN Solutions

    LAN Solutions MICROCHIP ASSPs and SoCs EtherSynch™ 1588v2, VoIP, AVB, Quiet-WIRE™ i eae Automation & Control Multi-port Controllers Switches Diagnostics, Infotainment & ADAS T Digital Home, loT & VoIP

  7. Slide 7: Timing & Communication Solutions

    Timing & Communication Solutions Products Clock & Timing Solutions MEMS resonator High Speed Communications Markets Communication s Industrial & Automotive Consumer 7

  8. Slide 8: Compelling Strategic Rationale

    Compelling Strategic Rationale  Enhances Microchip’s Analog product portfolio through the addition of a rich portfolio of Linear and Power Management products that complement our offerings  Expands Microchip’s portfolio of LAN and connectivity solutions, giving us a richer product offering and add

  9. Slide 9: Transaction Summary

    Transaction Summary  Transaction value of $839M representing $14/share  $744M net of Micrel’s cash and investments  Micrel shareholders can elect to receive either Microchip shares or cash, but at least 42% of the transaction value must be in shares  Transaction will initially be mildly dilutive

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