Microchip Technology Incorporated · NASDAQ:MCHP
Microchip Technology — Stifel Presentation (June 2019)
16 slides from Microchip Technology's conference presentation, June 2019
Slide 1: A Leading Provider of Microcontroller, Mixed-Signal, Analog & Flash-IP Solutions
MICROCHIP A Leading Provider of Microcontroller, Mixed-Signal, Analog & Flash-IP Solutions @©June 2019
Slide 2: Forward Looking Statement Safe Harbor
Forward Looking Statement Safe Harbor: During the course of this presentation, we will make projections or other forward-looking statements regarding the future financial performance of the company or future events, including our strategy, growth drivers, industry outlook, industry trends, market si
Slide 3: Q1FY20 Business Update
Q1FY20 Business Update We have no guidance update since our earnings call of May 8th The rhetoric on tariffs has gotten more negative since our May 8th call Since May 8th the Huawei shipment ban was announced and is in effect Huawei represents between 1% and 2% of our revenue The rest of o
Slide 4: Corporate Overview
Corporate Overview ● Leading Total Systems Solutions provider: ● High-performance standard and specialized Microcontrollers, Digital Signal Controllers and Microprocessors ● Mixed-Signal, Analog, Interface and Security solutions ● Clock and Timing solutions ● Wireless and Wired Connectivity solution
Slide 5: Our Vision
Our Vision Be The Very Best Embedded Control Solutions Company Ever © June 2019 5
Slide 6: Annual End Market Demand Growth
Annual End Market Demand Growth 114 consecutive quarters of profitability! $ Million ©June 2019 6
Slide 7: Worldwide Microcontroller Market Share
Worldwide Microcontroller Market Share 2003 2008 2009 2010 2014 2016 2017 2018 No. Rank Rank Rank Rank Rank Rank Rank Rank 1 Renesas Renesas Renesas Renesas Renesas Renesas Renesas Renesas 2 Motorola NEC NEC Freescale Freescale NXP NXP NXP 3 NEC Freescale Freescale Samsung ST-Micro Microchip Microch
Slide 8: Total MCU (8/16/32) Market Share %
% © June 2019 10 12 14 16 18 20 0 2 4 6 8 CY94 CY95 CY96 CY97 CY98 CY99 CY00 CY01 CY02 CY03 CY04 CY05 CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 CY14 Market Share % CY15 CY16 Total MCU (8/16/32) CY17 CY18 8
Slide 9: Analog End Market Demand Growth
Analog End Market Demand Growth $ Million © June 2019 9
Slide 10: Microchip 2.0
Microchip 2.0 1. Total System Solution in Embedded Control 2. Leading customer preference to design with our MCUs 3. Multiple growth drivers 4. Non-GAAP gross margin target of 63% of end market demand with multiple drivers 5. Non-GAAP operating expense target of 22.5% of end market demand 6. End mar
Slide 11: Expanding Microchip Solutions Through Acquisitions
Expanding Microchip Solutions Through Acquisitions Bluetooth® & Development Tools Embedded Wi-Fi® High-Voltage Analog & Compiler Motor Drive Mixed-Signal Products Products Hampshire FPGAs, SoCs, ASICS, Power, PoE, Timing and Low-Power LSS Analog & mixed-signal, Storage systems High-Speed Non-volatil
Slide 12: Providing Total System Solutions
Providing Total System Solutions Power Management RFICs DC-DC Converters Encryption MMICs Supervisors & Ref. & LDOs, Battery Mgt. Security High Voltage Discretes & Modules I/Os Precision Digital Voltage Potentiometer Reference Motor Drivers Sensors Amplifiers Filters A/D Voice & Power Audio Drivers
Slide 13: Revenue by End Market
Revenue by End Market Aero & Defense Industrial Communication 10% 28% 13% Computing 15% Automotive Consumer 18% 16% Microchip is a top 10 semiconductor player in each of Automotive and Industrial markets and # 1 in the world for Aero & Defense © June 2019 13
Slide 14: Financial Results, Guidance and Long-Term Model
Financial Results, Guidance and Long-Term Model Actual Results Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Non-GAAP Net Sales $844.0 $873.8 $881.2 $902.7 $972.1 $1,012.1 $994.2 $1,002.3 $1,216.8 $1,513.3 $1,416.0 $1,329.8 Gross Profit $471.1 $499.9
Slide 15: Summary
Summary A consistent revenue grower and market share gainer with multiple growth drivers High margin business model and shareholder friendly Microsemi integration and accretion ahead of schedule Executing on Microchip 2.0 - Total system solutions - Smart, Connected and Secure Premium long-
Slide 16: Thank You!
MICROCHIP Thank You! CS
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