Intel Corporation · NASDAQ:INTC
Intel — Investor Day (February 2022)
21 slides from Intel's investor day presentation, Feb 18, 2022
Slide 1: Forward-looking statements and non-GAAP disclaimer
Exhibit 99.5 Future node performance and other metrics, including power and density, are projections and are inherently uncertain and, in the case of other industry nodes, are derived from or estimated based on publicly available information. Intel’s node numbers do not represent the actual dimensio
Slide 2: Investor Meeting 2022
Investor Meeting 2022
Slide 3: Investor Meeting 2022 - CFO, Intel
Investor Meeting 2022 CFO, Intel
Slide 4: Financial Review: CFO Objectives
Revenue growth - structured for success Gross margin expansion Financial Review Smart capital and financial discipline CFO Objectives to drive healthy free cash flow Strong shareholder return
Slide 5: Business units driving innovation and roadmap execution
CCG DCAI NEX Client Computing Datacenter Networking Group & AI Group & Edge Group AXG IFS MBLY Accelerated Intel Foundry Computing Systems Mobileye Services and Graphics Group To Drive Innovation & Roadmap Execution
Slide 6: Traditional and emerging businesses indexed to 2026 TAM
Both our traditional and emerging businesses are indexed to 2026 TAM Estimates; Per IDC, Gartner, Mercury, JPR, multiple other external sources and internal analysis Graphics and Accelerated Foundry ADAS/ AV Compute (IFS) (Mobileye) (AXG) > 100M EyeQ’s Shipped Record 41 new ADAS design wins in 2021
Slide 7: Focus areas to drive profitable growth
Focus areas to drive profitable growth 2 0 2 1 2 0 2 3 2 0 2 6 Emerging Traditional
Slide 8: Gross margin drivers
Gross Margin (‘25+) GM% Fiscal Discipline Business Mix & Scale Pricing for Leading Products Gross Margin (’22-’24) Process Technology Leadership GM% Process leadership based on performance per watt
Slide 9: Net Capital Intensity
Net Capital Intensity % (Net Capex / Revenue) 2021 2022 2023 2024 2025 2026
Slide 10: Effective use of capital: strategy, incentives, partners
rd Shell First Government Customer Financial Effective use of 3 Strategy Incentives Commitments Partners Party Foundry
Slide 11: Drivers of adjusted free cash flow
Revenue Growth + Gross Margin Expansion Smart Capital + Operating Expense Leverage + Working Capital Adjusted free cash flow equal to operating cash flow less net capital expenditures and payments on finance leases
Slide 12: Strong Balance Sheet
Strong Balance Sheet {a j'! sail! Ee Mere Healthy Financ erage Liquidity
Slide 13: Capital allocation: invest, M&A, return of cash
Invest in the Business Strategic M&A Return of Cash Invest in talent, technology Value enhancing and capacity to enable Committed to a healthy acquisitions consistent leadership and maximize and growing dividend with our strategies growth
Slide 14: Tower Semiconductors acquisition
Tower EPS Accretive year 1 4 ; Leader ‘in S15B specialty foundry market ywver Semiconductors. . ROA & phe Advancing our strategic imperative to be inthe ~$140B foundry market
Slide 15: Capital allocation: invest, M&A, return of cash
Invest in the Business Strategic M&A Return of Cash Invest in talent, technology Value enhancing and capacity to enable Committed to a healthy acquisitions consistent leadership and maximize and growing dividend with our strategies growth
Slide 16: Outlook
Outlook
Slide 17: 2022 Outlook
2022 Outlook S76B 4 Revenue 52% . $3.50 Gross Margin EPS Significant year of investment to drive moderate negative FCF ($1-2B) ~$27B Net Capital
Slide 18: 2023 and 2024 targets
2023 and 2024 ~35% *Adjusted free cash flow equal to operating cash flow, less net capital expenditures and payments on finance lease.
Slide 19: 2025 and 2026 targets
2025 and 2026 ~25% *Adjusted free cash flow equal to operating cash flow, less capital expenditures and payments on finance leases.
Slide 20: Summary: why invest
Participating in high-growth markets Sustainable competitive advantages Executing the right strategy Strong leadership and culture Innovative ways to unlock shareholder value
Slide 21: Intel
intel.