Te Connectivity Plc · NYSE:TEL
Te Connectivity — Tyco Electronics — Credit Suisse 2008 Annual Technology Conference
13 slides from Te Connectivity's conference presentation, Dec 2, 2008
Slide 1: Tyco Electronics Credit Suisse 2008 Annual Technology Conference
Tyco Electronics Credit Suisse 2008 Annual Technology Conference Tom Lynch Chief Executive Officer December 3, 2008
Slide 2: Forward-Looking Statement / Non-GAAP Measures
Page 2 This presentation contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause
Slide 3: Tyco Electronics Overview
Page 3 Tyco Electronics Overview • A global leader in the design and manufacturing of: – High performance passive interconnect solutions – Undersea fiber optic telecommunication systems – Internet Protocol-based private wireless networks • Serving attractive industries • Diverse industry and geograp
Slide 4: Our Business Has Attractive Growth Drivers
Page 4 Market dynamics should continue to drive above-GDP growth over the long-term Our Business Has Attractive Growth Drivers • Increasing Electronic Content Increasing Electronic Content in the Automobile in the Automobile • Broadband Everywhere Broadband Everywhere • Growing Demand for Energy Gro
Slide 5: Broad Industry Participation
Page 5 Telecom Networks 20% Energy 8% Industrial 7% Aerospace & Defense 5% Medical 2% Wireless Networks 3% Other 4% Electronic Devices 16% Auto 30% Appliance 5% Broad Industry Participation Infrastructure/ Industrial Markets Infrastructure/ Industrial Markets 45% 45% Consumer Markets Consumer Market
Slide 6: Fiscal 2008 Financial Overview
Page 6 2008 Sales - $14.8 Billion Electronic Components 74% Network Solutions 15% Undersea Telecomm 8% Wireless Systems 3% Fiscal 2008 Financial Overview * See Appendi x for description and reconciliation to applicable GAAP measurements 2008 Adj. Operating Income* - $2.1 Billion (14.0% Margin) Elect
Slide 7: Strategic Priorities and Progress to Date
Page 7 Strategic Priorities and Progress to Date • Achieve long-term organic growth of 5 to 7% – Organic Growth of 8% in FY08 • 3% in Electronic Components • Reshape the portfolio – Divested/ exited ~$1.2 billion of revenues to date – $569 million of proceeds • Improve margins by streamlining operat
Slide 8: Current Environment
Page 8 Current Environment • Revenues $2.9 to $3.0 billion Down 12% to 15% organically Down 15% to 20% overall Electronic Components down ~15% • EPS GAAP EPS of $0.19 to $0.23 Adjusted EPS of $0.24 to $0.28 – includes approximately $0.10 of currency losses Q1 Outlook Q1 Outlook • Continue strong cas
Slide 9: Appendix
Appendix = Tyco Electronics
Slide 10: Non-GAAP Measures
Page 10 NON-GAAP Measures Appendix “Organic Sales Growth,” “Adjusted Operating Income,” “Adjusted Earnings Per Share,” “Adjusted Operating Margin,” and “Free Cash Flow” (FCF) are non-GAAP measures and should not be considered replacements for GAAP results. “Organic Sales Growth” is a useful measure
Slide 11: Income Reconciliation – Fiscal Year ended September 26, 2008
Page 11 Income Reconciliation – Fiscal Year ended September 26, 2008 Appendix Impairment of Restructuring Goodwill Adjusted and Other and Long-lived Tax Other Items, Results U.S. GAAP Charges, Net Assets (1) Items (2) Net (3) (Non-GAAP) (4) Net sales 14,834 $ - $ - $ - $ - $ 14,834 $ Cost of sales 1
Slide 12: Segment Operating Income Reconciliation – Fiscal Year ended September 26, 2008
Page 12 Segment Operating Income Reconciliation – Fiscal Year ended September 26, 2008 Appendix Impairment of Restructuring Goodwill Adjusted and Other and Long-lived Tax Other Items, Results U.S. GAAP Charges, Net Assets (1) Items (2) Net (3) (Non-GAAP) (4) Income from Operations: Electronic Compon
Slide 13: Free Cash Flow
Page 13 Free Cash Flow Appendix “Free Cash Flow” (FCF) is a useful measure of the company’s cash generation which is free from any significant existing obligation. The difference between cash flows from operating activities (the most comparable GAAP measure) and FCF (the non-GAAP measure) consists m
Tyco Electronics — Credit Suisse 2008 Annual Technology Conference on 6ix