Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Investor Presentation (May 2013)
28 slides from Diodes's investor presentation, May 22, 2013
Slide 1: Investor Relations Presentation
Exhibit 99.1 Investor Relations Presentation May, 2013
Slide 2: Safe Harbor Statement
Page 2 Safe Harbor Statement 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, b
Slide 3: Management Representative
Page 3 Management Representative Rick White CFO, Secretary, and Treasurer CFO Since 2009 SR VP, Finance 3 years Texas Instruments 25 years Experience: Partner, Tatum Partners CFO, Optisoft Vice President, TI Worldwide, Memory Education: MBA, Finance, University of Michigan Bachelor's Degree, Electri
Slide 4: Company Representative
Page 4 Company Representative 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 Pro
Slide 5: About Diodes Incorporated
Page 5 A leading global manufacturer and supplier of high-quality application specific, standard products within the broad discrete, logic and analog markets, serving the computing, consumer, industrial, communications and automotive segments. About Diodes Incorporated
Slide 6: Business Objective
Page 6 Business Objective To consistently achieve above-market profitable growth , utilizing our innovative and cost-effective packaging technology, suited for high volume, high growth markets by leveraging process expertise and design excellence to deliver high quality semiconductor products.
Slide 7: Significant Market Opportunity
Page 7 $133 bn $26 bn $57 bn $39 bn $18 bn Opto $19 bn Std Logic Analog Discrete Micro/Special Memory 2012 Total Semiconductor Market ($292 bn) Significant Market Opportunity Diodes’ SAM: $9 - $11 bn Diodes’ SAM: $14 - $16 bn Diodes’ SAM: $2 - $4 bn
Slide 8: Diodes Growth Strategy
Page 8 Diodes Growth Strategy 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 f
Slide 9: Product Portfolio Progression
Page 9 2006 2010 Product Portfolio Progression Discrete Diodes MOSFETs Rectifiers Transistors Protection Devices Analog Power Management Power Switches Standard Linear Sensors LED Drivers Logic Low Voltage CMOS High Speed CMOS Advanced Ultra-Low Power CMOS
Slide 10: Performance Enhancement
Page 10 SKY Rectifiers MOSFETs Bipolar LDO DC-DC (Asynchronous) Performance Enhancement Diodes’ product upgrade has expanded our SAM. Rectifiers) (Vb < 400v) DIOFET TM (Low R DS(on) , Vb < 100V) CMOS LDO (Low power) DC-DC (Asynchronous, high current) DIODESTAR TM Rectifiers (Vb > 600v) DIODESTAR TM
Slide 11: Efficiency, Functionality and Control for Smartphones
Page 11 Efficiency, Functionality and Control for Smartphones LCD 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 Sc
Slide 12: Strong Relationships Drive LCD/LED TV Product Roadmaps
Page 12 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 Monito
Slide 13: Product Breadth and Performance for Computing Platforms
Page 13 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 Schottk
Slide 14: Packaging Focus: Miniaturization and Power Efficiency
Page 14 Packaging Focus: Miniaturization and Power Efficiency DFN0603-2 DFN0806-3 DFN1006-2 QFN 3~16 pin 0.4mm DFN SOT143/SC82 SOT23F SOT23/523 SC59 SOD-323F SOD123/323 SOT666 SOT953/963 SOT26/363 SOT25/353 TSOT23-3/5/6 QSOP16/20L MSOP8/10 SOIC-8/10 TSSOP8 TSSOP14/16 SOIC14/16 TO252 TO220/263/ ITO22
Slide 15: Packaging Focus: Miniaturization and Power Efficiency
Page 15 Packaging Focus: Miniaturization and Power Efficiency Power Efficiency Miniaturization DFN 0603-2 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 ® TO252
Slide 16: Efficient Manufacturing + Superior Processes
Page 16 Efficient Manufacturing + Superior Processes • Shanghai-based packaging with capacity approximately 30 billion units • Flexible and optimized manufacturing process = low packaging cost • Additional packaging facilities in Neuhaus, Germany and joint venture in Chengdu, China • Two discrete fa
Slide 17: Collaborative Customer Relationships
Page 17 Collaborative Customer Relationships
Slide 18: Annual Revenue Growth Rates
Page 18 Annual Revenue Growth Rates Outperforming the Industry 2003 to 2012 Growth Diodes Inc.: 19% SAM Industry: 4.3% Industry (Discrete + Analog + Logic) *Acquisition Years 18.2% 35.60% 15.6% 59.9% 16.9% 8.0% 4.0% 41.1% 3.6% 0.20% 8.1% 18.1% 3.3% 13.5% 0.5% 1.3% 12.2% 34.4% 6.2% 7.8% -20% -10% 0%
Slide 19: Revenue Growth
$177 1Q Revenue Growth ( In millions ) +41% +3.6% -0.2% $137 $186 $215 $343 $401 $433 $434 $613 $635 $634 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Slide 20: Revenue Profile – 1Q2013
Page 20 Asia Pacific Europe North America Distribution OEM / EMS Industrial Consumer Communications Automotive Computing 59% 41% 11% 79% 10% 29% 19% 17% 31% 4% Communications Revenue Profile – 1Q2013 By Channel By Region By End Market
Slide 21: First Quarter 2013 Financial Performance
Page 21 First Quarter 2013 Financial Performance In millions, except per share 1Q12 4Q12 1Q13 Q/Q Y/Y Revenue $144.7 $163.3 $177.0 $13.7 $32.2 Revenue Growth 8.4% 22.3% Gross Margin % (GAAP) 23.3% 26.5% 26.1% -40bp 280bp Gross Margin % (non-GAAP) 23.3% 26.5% 27.1% 60bp 380bp Operating Profit (GAAP)
Slide 22: Balance Sheet
Page 22 Balance Sheet Dec 31, 2012 Cash $130 $157 $200 Inventory $140 $153 $182 Current Assets $427 $491 $612 Total Assets $793 $920 $1145 Other Long-term Debt $ 3 $ 44 $ 214 Total Liabilities $144 $200 $432 Total Equity $649 $720 $712 Mar 31, 2013 Dec 31, 2011 (adjusted) In millions
Slide 23: 2Q 2013 Business Outlook
Page 23 2Q 2013 Business Outlook A summery of the guidance for GAAP and non-GAAP financial measures as follows : GAAP Non-GAAP Revenue $(millions) $206 to $218 $206 to $218 Sequential growth (%) 16% to 23% 16% to 23% Gross Margin (% of Revenue) 25.0% to 29.0% 27.0% to 31.0% Operating Expense (% of R
Slide 24: Strategy: Profitable Growth
Page 24 Strategy: Profitable Growth
Slide 25: A Strong Global Partnership
25 High volume Discrete, Analog and Logic products Cost efficient packaging capabilities Strong global presence Broad product and customer base Consumer, computing and industrial focus Expanded application platform and broader Analog footprint Manufacturing synergies Operating synergies End equipmen
Slide 26: BCD Fits Diodes' M&A Strategy
26 Accretive in 1 year Enter new product area Increase existing product portfolio Gain access to process and/or packaging technology Strengthen regional sales potential 26 Synergistic with Diodes’ packaging capabilities and capacity BCD Fits Diodes’ M&A Strategy MUST HAVE’s PLUS FACTORS Degree of FI
Slide 27: Diodes Strategy: Profitable Growth
Page 27 Diodes Strategy: Profitable Growth is another key milestone
Slide 28: Thank you
Diodes was named one of the 10 Best Stocks of the Past 20 Years – March 2012 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-