Analog Devices, Inc. · NASDAQ:ADI
Analog Devices — Raymond James Conference, March 2021
15 slides from Analog Devices's conference presentation, Mar 2, 2021
Slide 1: Analog Devices Company Presentation, Raymond James Conference, March 2021
PRASHANTH MAHENDRA-RAJAH, CFO Analog Devices, Inc. (ADI) Company Presentation Raymond James Conference, March 2021 ©2021 Analog Devices, Inc. All rights reserved.
Slide 2: Forward Looking Statements; Non-GAAP Reconciliations
Forward Looking Statements; Non-GAAP Reconciliations ► This presentation contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding our proposed acquisition of Maxim Integrated Products, Inc. (“Maxim”); the impact of the COVID-19 pandemi
Slide 3: ADI Powerfully Bridges the Physical and Digital Worlds
ADI Powerfully Bridges the Physical and Digital Worlds Power RF Converters Amplifiers Physical World Digital World Power 3 Currently, 10% of enterprise-generated data is processed outside the cloud, and by 2025, this amount is expected to grow to 75%1 ... ADI will be a critical partner in the collec
Slide 4: ADI at a Glance
ADI at a Glance Principal locations Other locations Corporate Headquarters located in Wilmington, MA >$5.6 billion >$1.8 billion (33% margin) >125,000 ~16,000 across 30 countries 1965 >$1 billion ~3,600 US ~$58 billion People Recognition FY20 Revenue FY20 FCF End Customers Employees Founded FY20 R&D
Slide 5: FY20 Revenue End-Market Breakdown
$5.6B FY20 Revenue 5 End-Market Breakdown Industrial Aerospace and Defense Energy Factory Automation Healthcare Instrumentation Consumer Hearable & Wearable Devices High-End Audio & Video Portables Communications Wired/Optical Networking Wireless Automotive Electrification Infotainment Autonomous Mo
Slide 6: Revenues Are Incredibly Sticky & Highly Diverse
>10yrs Avg Product Age ~45K Products Revenues Are Incredibly Sticky & Highly Diverse 6 ~80% of ADI revenue is derived from products that individually contribute 0.1% or less FY20 Revenue by ProductFY20 Revenue by Product Age ~50% of ADI revenue is derived from products 10 years or older >20yrs 10-20
Slide 7: Our Priorities are Driving ADI's Long-term Success
Our Priorities are Driving ADI’s Long-term Success 7 Deepening customer-centricity • Strengthening customer engagement: customers enhancing software focus, leaving more of the increasingly complex hardware challenges to ADI • Partnering more deeply with customers to deliver complete solutions • Acce
Slide 8: ADI is a Top Tier Firm in a Top Tier Industry
ADI is a Top Tier Firm in a Top Tier Industry 8 1. ADI’s operating income, operating margin and free cash flow margin are presented on an adjusted basis and exclude special items. Please refer to the appendix for a reconciliation of these adjusted measures to their most comparable GAAP measures. ADI
Slide 9: ADI Has a Track Record of Delivering for Shareholders
ADI Has a Track Record of Delivering for Shareholders Source: SOX, NASDAQ, S&P 500 annualized return percentages sourced from Bloomberg. Return calculation period is 12/1/93 to 2/23/219 Compounded Annualized Stock Return Since SOX Inception 16% 13% 12% 10% ADI SOX NASDAQ S&P 500
Slide 10: Enhancing Scale & Scope with Proposed Maxim Integrated Acquisition
Analog & Mixed Signal Converter, amplifier, interface Power Management Voltage regulator, PMIC, supervisory Radio Frequency RF, microwave, mmWave Digital & Sensors DSP, MEMS, optical, MCU Enhancing Scale & Scope with Proposed Maxim Integrated Acquisition High performance analog portfolio DC to 100GH
Slide 11: 2020 Progress on Our Mission to "Engineer Good"
People & Society 2020 Progress on Our Mission to “Engineer Good” 11 Climate • Significant progress against emission reduction targets… committed to reach net-zero no later than 2050 • First semiconductor company to issue a green bond – proceeds targeted toward green initiatives • Developing solution
Slide 12: Q&A
ANALOG DEVICES AHEAD OF WHAT'S POSSIBLE™ O&A 12
Slide 13: Appendix
ANALOG DEVICES AHEAD OF WHAT'S POSSIBLE™ Appendix 13
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 14 FY 20 FY 20 Revenue $5,603,056 Revenue $5,603,056 GAAP Gross Margin $3,690,478 Net Cash Provided by Operating Activities $2,008,487 GAAP Operating Expenses $2,192,234 % of Revenue 36% GAAP Operating Income $1,498,244 Capital Expenditures $165,692 GAAP Operating Mar
Slide 15: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 15 FY 15 FY 20 GAAP Operating Income $830,841 GAAP Operating Income $1,498,244 Other Operating Expense $223,672 Acquisition Related Expenses $623,635 Acquisition Related Expenses $96,937 Restructuring Related Expenses $52,337 Acquisition Related Transaction Costs $10,
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