Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Investor Presentation (November 2016)
34 slides from Diodes's investor presentation, Nov 15, 2016
Slide 1: Investor Relations Presentation
Investor Relations Presentation Plano, Texas November, 2016 EXHIBIT 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement Page Any statements set forth herein that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements include, but
Slide 3: Management Representative
Management Representative Page Dr. Keh-Shew Lu President and CEO Diodes Incorporated Since 2005 Texas Instruments 27 years Experience: Senior Vice President of TI Worldwide Analog and Logic President of Texas Instruments – Asia Education: Master's Degree and Doctorate in Electrical Engineering Texas
Slide 4: Company Representative
Company Representative Page Laura Mehrl Director of Investor Relations Since May 2010 Experience: Director of Investor Relations, Diodes Incorporated, Plano, Texas Senior Business Development Manager, STMicroelectronics, Carrollton, Texas Sales Director for Analog Devices Inc., Shanghai, China Produ
Slide 5: About Diodes Incorporated
Page A leading global manufacturer and supplier of high-quality application specific, standard products within the broad discrete, logic and analog markets, serving the consumer, computing, communications, Industrial and automotive segments. About Diodes Incorporated
Slide 6: Business Objective
Business Objective To consistently achieve above-market profitable growth, utilizing our innovative and cost-effective packaging and silicon technology, suited for high volume, high growth markets by leveraging process expertise and design excellence to deliver high quality semiconductor products. P
Slide 7: Significant Market Opportunity
2015 Total Semiconductor Market ($335 bn) Significant Market Opportunity Page $140 bn $33 bn $77 bn $45 bn $21 bn Diodes’ SAM: $10 - $12 bn Diodes’ SAM: $14 - $16 bn Opto $19 bn Std Logic Analog Discrete Micro/Special Memory Diodes’ SAM: $1 - $3 bn
Slide 8: Diodes Growth Strategy
Diodes Growth Strategy Page Many Paths for Growth: Product Portfolio Product arena Product line expansion Performance enhancement Application Space Targeted end equipment Broad customer base Increased product coverage Packaging Breadth Broad packaging portfolio Increased power density Small form fac
Slide 9: A Strong Global Partnership
A Strong Global Partnership 2014 Revenue$891M 2014 Gross Margin31.1% High volume Discrete, Analog and Logic products Cost efficient manufacturing capabilities Strong global presence Broad product and customer base 3 C's and industrial with emerging focus on Automotive Broader Analog and added mixed-
Slide 10: Broad Consolidated Product Offering
Broad Consolidated Product Offering IntelliFET and SBR are the registered trademark of Diodes Incorporated and its affiliates. Page
Slide 11: Pericom Total Timing Solutions
Pericom Total Timing Solutions Page Comprehensive portfolio for complete clock tree solutions Highest frequency clock buffers Low voltage, low power clock generators Real time clock (RTC) generators Programmable crystal oscillators Ultra low jitter crystal oscillators Temperature compensated crystal
Slide 12: USB Type-C Highly Attractive Market Opportunity
Page DisplayPort USB Type A USB Type B USB Micro B Power USB Type C All-in-One Connector USB Type C Connector Highly Attractive Market Opportunity 10Gbps reversible connector: single USB cable for data, audio, video and power Driven by next generation mobility platforms: notebook, smart phone, table
Slide 13: USB Type-C High Speed Signal Path
High Speed Signal Path Tx1, Rx1 TX2, Rx2 SBU1,SBU2 USB Type-C Connector Type C/PD Protocol Control USB2.0 Signal Path D+,D- Power Solution VBUS CC1, CC2 Discrete TVS for USB3.0/3.1 High Voltage Power Switch Load Switch MOSFET Analog & Power Type C Charger CC Detection PD Adaptor Controller High Volt
Slide 14: Complete Platform Solutions: Notebooks
Discrete MOSFET TVS, SBR Analog & Power LDO USB Switch DCDC Converter LED Driver Logic & Std Linear Audio, Sensor High-Speed Serial Connectivity Connectivity Timing Signal Integrity Switching CPU PCH MOSFET LED Driver USB 2.0 Switch A/V Codec DDR Regulator DCDC Controller LDO Analog Switch TVS USB3
Slide 15: Performance Enhancement
SKY Rectifiers MOSFETs Bipolar LDO DC-DC (Asynchronous) AC-DC (Secondary side controllers) LED Drivers (DC Input) Performance Enhancement Page Diodes’ product upgrade has expanded our SAM. SBR® (Super Barrier Rectifiers) (Vb < 400v) DIOFETTM (SKY Integrated, Low RDS(on)) CMOS LDO (Low power) DC-DC (
Slide 16: Efficiency, Functionality and Control for Smartphones
Efficiency, Functionality and Control for Smartphones Page LED Backlighting LED Drivers Boost Converters Schottky Diodes LCD / OLED Display Bias LCD Bias ICs OLED Bias ICs Schottky Diodes LED Flash Module Camera Flash Drivers ZXMN series MOSFETs Keypad Backlighting LED Drivers Boost Converters Schot
Slide 17: Strong Relationships Drive LCD/LED TV Product Roadmaps
Page Strong Relationships Drive LCD/LED TV Product Roadmaps LCD Display Buffer 40V High-gain BJT System Power Conversion Low Dropout Regulators DC-DC Converters Voltage References Synchronous MOSFET Controllers 40V/100V SBR and Schottkys Bridge Rectifier Diodes LCD LED Backlighting Current Monitors
Slide 18: Product Breadth and Performance for Computing Platforms
Page Product Breadth and Performance for Computing Platforms LCD / LED Backlighting LED Drivers Boost Converters Schottky Diodes Battery Power Management Current Monitors Load Switches Low-Saturation BJT ZXMP series MOSFETs System Voltage Conversion Low Dropout Regulators DC-DC Converters Schottky D
Slide 19: Automotive Quality for Demanding Automotive Applications
Page Automotive Networking ESD Protection TVS Protection Seat Control Module Hall Sensor SBR IntelliFET® Voltage Reference Body Control Module Bipolar Transistors Shunt Regulator Voltage Reference IntelliFET MOSFETs Hall Sensor Braking Control Unit Voltage Reference IntelliFETs MOSFETs Hall Sensor P
Slide 20: Power and Signal Management for the Broad Industrial Market
Page Power and Signal Management for the Broad Industrial Market Power Management AC-DC Converters DC-DC Converters LDO Regulators HV Regulators Shunt Regulators Gate Drivers Synchronous Rectifiers HV Rectifiers and Bridges SBRs HV Switches Signal Conditioning Op Amps Comparators Linear Hall Voltage
Slide 21: Market Trend: Complete Charger and Power Adapter Solution
Page Market Trend Complete Charger and Power Adapter Solution and Trend Primary Rectifiers Bridges Diodes Switches HV BJT PSR Controllers AP3775/6 Secondary Rectifiers Schottky Diodes SBR® Sync. Rectifiers Standby Power Cost System Efficiency New Technology PSR Accelerator AP434X
Slide 22: Packaging Focus: Miniaturization and Power Efficiency
TSSOP-8/14/16L SOT89 SC59 SOT353/363 SOT143/SC82 SOT543/553 /563/666 SOT223 ~ 2015 SOT953/963 QSOP-16/20L TSOT23-5/6 DFN0603 PowerDI-5SP Power5060-8L ITO220AC-S DFN1114-3 DFN5060-4 Power3333-8L DFN0808-4 DFN0806-3 PD-123/323 PowerDI3030 MSOP-8/10L TO263-2/3/5L TO220-3L SOP-8/14/16L-EP MSOP-8/EP TO25
Slide 23: Packaging Focus: Miniaturization and Power Efficiency
Page Packaging Focus: Miniaturization and Power Efficiency Power Efficiency Miniaturization DDFN0402 Possibly the smallest Discrete semiconductor package. Compared to a TO252, the PowerDI®5 package delivers twice the power density from a 55% smaller footprint. PowerDI®5 TO252
Slide 24: Packaging and Wafer Fabs: Economies of Scale
Page Shanghai-based packaging with capacity approximately 30 billion units The new packaging facility in Chengdu has a potential capacity of 3X that of Shanghai Additional packaging facilities in Neuhaus, Germany and in Chengdu, China Two discrete fabs, two analog fabs in Kansas City, Missouri (5” a
Slide 25: Collaborative Customer Relationships
Collaborative Customer Relationships Page Quanta
Slide 26: Annual Revenue Growth Rates Outperforming the Industry
Annual Revenue Growth Rates Outperforming the Industry Page Industry (Discrete + Analog + Logic) 2005 to 2015 Growth Diodes Inc.: 14.7% SAM Industry: 3.1% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 27: Revenue Growth
Revenue Growth ( In millions ) +41% +3.6% -0.2% +7.7% ( Acquisition Years ) * * * * * +30.5% -4.7% Page
Slide 28: Revenue Profile – 3Q2016
Revenue Profile – 3Q2016 By Channel By Region By End Market Page 10% 80% 10% Asia Pacific Europe North America 64% 36% Distribution OEM / EMS 19% 21% 24% 29% 7% Industrial Consumer Communications Automotive Computing
Slide 29: Third Quarter 2016 Financial Performance
Third Quarter 2016 Financial Performance Page In millions, except per share 3Q15 2Q16 3Q16 Revenue $208.9 $236.6 $250.7 Revenue Growth 20.0% 6.0% Gross Profit (GAAP) $61.6 $74.8 $80.6 Gross Profit Margin % (GAAP) 29.5% 31.6% 32.2% Net Income (GAAP) $2.8 $5.8 $10.6 Net Income (non-GAAP) $6.3 $9.8 $15
Slide 30: Balance Sheet
Balance Sheet Page Dec 31, 2015 Cash $243 $218 $221 Short-term Investments $12 $65 $35 Inventory $182 $203 $204 Current Assets $676 $751 $740 Total Assets $1179 $1599 $1552 Long-term Debt $141 $454 $407 Total Liabilities $369 $756 $709 Total Equity $810 $843 $843 Sept 30, 2016 In millions Dec 31, 20
Slide 31: 4Q 2016 Business Outlook
Page Expect revenue to range between $232 million and $248 million, or down 7.5 to 1.1 percent sequentially, and in line with typical seasonality; Expect GAAP and non-GAAP gross margin to be 32.2 percent, plus or minus 1 percent; Non-GAAP operating expenses, which are GAAP operating expense adjusted
Slide 32: Global Manufacturing Infrastructure
2 1 5 3 Kansas City, MO Wafer Fab Shanghai, China Packaging Neuhaus, Germany Packaging Oldham, UK Wafer Fab 4 Chengdu, China Packaging 1 Shanghai, China Wafer Fab Global Manufacturing Infrastructure 1 1 6 Jinan, China Crystal Fab, Packaging 2 Jhongli, Taiwan Oscillator Module Packaging Page
Slide 33: Diodes Strategy: Profitable Growth
Diodes Strategy: Profitable Growth Page
Slide 34: Thank you
Thank you Company Contact: Diodes Incorporated Laura Mehrl Director of Investor Relations P: 972-987-3959 E: laura_mehrl@diodes.com Investor Relations Contact: Shelton Group Leanne K. Sievers EVP, Investor Relations P: 949-224-3874 E: lsievers@diodes.com www.diodes.com Diodes was named one of the 10
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