Slide 1: TTM Technologies Investor Presentation May 2012
TTM Technologies Investor Presentation May 2012
Slide 2: Safe Harbor
Safe Harbor During 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, bu
Slide 3: Company Overview
Company Overview eS
Slide 4: 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 China Over 16,000 employees worldwide Focused on advanced technology products Total customer solution: prototype through production Technology development coordi
Slide 5: Historical Pro Forma Sales
Historical Pro Forma Sales* $510 $734 $1,248 $1,350 $1,205 $1,362 AP: 21% CAGR NA: 15% CAGR Total: 19% CAGR $1,429 * AP includes Meadville pro forma sales
Slide 6: Current Global Ranking - Top World PCB Makers 2010
Current Global Ranking Top 10 World PCB Makers 2010 Represents approximately 27% of 2010 total world PCB output $ millions Core supplier to wide range of high-end networking products addressing increasing bandwidth demands Key supplier in rapidly growing touch screen tablet market Expanding position
Slide 7: World PCB Company Ranking 2010
World PCB Company Ranking 2010 Rank Company Revenue est. Rank Company Revenue est. 1 Unimicron $2,179 6 Samsung $1,282 2 Ibiden $2,110 7 Nanya PCB $1,158 3 Nippon Mektron $2,106 8 Foxconn $1,150 4 Tripod $1,370 9 Hannstar + GBM Group $1,148 5 TTM Technologies1 $1,366 10 KB PCB Group $1,122 Rank Comp
Slide 8: 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 9: Industry & Market Overview
Industry & Market Overview SE
Slide 10: World PCB Outlook
World PCB Outlook The worldwide PCB market is expected to grow at nearly 5 percent through 2014 with the majority of growth occurring in Asia 59% 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
Slide 11: 2011 World PCB Production by Product Type
2011 World PCB Production by Product Type TTM is focused on advanced technology Source: Prismark Partners, February 2012
Slide 12: Diversified End Markets
Diversified End Markets AP Combined NA Aerospace / Defense Cellular Phone Computing / Storage / Peripherals Medical / Industrial / Instrumentation Networking / Communications Other 0% 17% 34% 6% 31% 12% 39% 0% 12% 15% 33% 1% Q1 2012 Sales
Slide 13: Future Plans & Strategies
Future Plans & Strategies TIM Technologies
Slide 14: 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 15: Value Added Strategy Throughout Product Life Cycle
Value Added Strategy Throughout Product Life Cycle Advanced Technology & Service Excellence Early involvement engineering support Prototype / QTA Pilot orders Increasing volumes - short lead time High technology Volume production High Mix / Low Volume High Volume R&D START END Maturity NPI Launch/ R
Slide 16: Key Initiatives
Key Initiatives AP Strategy Focus on smartphone, touch-pad tablets and other hand-held devices by expanding further in advanced HDI flex and rigid-flex Continue to grow higher conventional technology capabilities for networking infrastructure Leverage niche position in substrate Grow organically NA
Slide 17: Financial Overview
Financial Overview eS
Slide 18: Income Statement — Q1 2012
Income Statement — Q1 2012 Asia North $Mllions (exceptwhere noted) Pacific __America__Total Revenue $1705 $1300 | $300.5 Gross Profit 30.0 26.5 56.5 17.6% 204% 108% Operating Income 96 122 218 55% 94% 73% TTM Net Income 64 62 126 3.8% 40% 42% GAAP Diluted EPS 0.08 0.07 0.15 Spershi Non-GAAP EPS 0.12
Slide 19: Target Model
Target Model * Excludes goodwill impairment charge of $15.2 million
Slide 20: Balance Sheet Highlights
Balance Sheet Highlights (in millions) 2011 2012 Assets Cash and Cash Equivalents $223.8 Accounts and Notes Receivable, Not 293.7 Inventories 1333 Property, Plant and Equipment, Net 790.0 il 1832 Definite-Lived Intangibles, Net 765 All Other Assets 709 Total Assets $4,771.4 Liabilities and Equity ST
Slide 21: Cash Flow
Cash Flow (Sin millions) Net Income le Assets ‘Stock-Based Compensation Impairment of goodwill and Long-Lived Assets Other Operating Activities Working Capital Changes Cash Flow from Operations Net Capital Exper Other Investing Cash Flow from eenig Activities tures Repayment of Borrowings, Net of Pr
Slide 22: Investment Highlights
Investment Highlights Market leader in advanced technology PCBs globally Strong track record of operating performance Emphasis on customer service with facilities tailored to meet customer needs now and in the future Focused on growth through organic opportunities as well as strategic acquisitions H
Slide 23: Appendix
Appendix eS
Slide 24: Adjusted EBITDA Reconciliation
ia IDs (Sin millions, except EPS) 2014 March 26, 2012 Adjusted EBITDA Reconciliation: Net Income ‘Add Back: Impairment of Goodwill and Longsived Assets Adjusted EBITDA Non-GAAP earnings per diluted share attributable to stockholders. $1.87 $0.23 Diluted Shares 81,944 82,228 TIM Technologies
Slide 25: IR Contacts
IR Contacts Asia Pacific Audrey Sim VP, Investor Relations & Marketing e-mail: audrey.sim@ttmtech.com.hk Corporate Steve Richards CFO & Investor Relations e-mail: steve.richards@ttmtech.com