Interdigital, Inc. · NASDAQ:IDCC
Interdigital — Shareholder Meeting (June 2021)
16 slides from Interdigital's shareholder meeting presentation, Jun 2, 2021
Slide 1: Annual Shareholder Meeting
We invent the technologies that make life boundless Annual Shareholder Meeting June 2, 2021 ©2021 InterDigital, Inc. All Rights Reserved. 1
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, as to proje
Slide 3: Liren Chen, President and Chief Executive Officer
Liren Chen President and Chief Executive Officer ©2021 InterDigital, Inc. All Rights Reserved. 3
Slide 4: A Leading Pure Research and Licensing Company
A Leading Pure Research and Licensing Company With four decades of groundbreaking innovation in key wireless technologies and a dramatic expansion into visual technology and AI over the past few years, InterDigital is a recognized research and licensing leader ~60% of our +20% of our annual ~80 lice
Slide 5: Technology Areas of Focus Aligned with the Future
Technology Areas of Focus Aligned with the Future CORE EMERGING Wireless Virtualizatio Quantum n/ Computing Wireless AI AI Edge Synthetic Computing Content Visual ©2021 InterDigital, Inc. All Rights Reserved. 5
Slide 6: Research & Innovation: Driving Leadership
Research & Innovation: Driving Leadership 70+ leadership positions in various standards bodies, including key positions in 3GPP, ETSI, ITU, IEEE and MPEG among others This year, InterDigital’s AdvantEDGE Platform was awarded Best Innovation in Emerging Technology at the Small Cell Forum Awards – 10
Slide 7: A Patent Portfolio That Combines Breadth and Depth
A PATENT PORTFOLIO THAT COMBINES BREADTH AND DEPTH Data as of 31-Dec-2020 The InterDigital patent portfolio brings together ~28,000 patent assets that show enormous strength in key wireless and video technologies but also broad diversity across a range of technology areas ©2021 InterDigital, Inc. Al
Slide 8: Strong Research and IPR Creation through COVID
Strong Research and IPR Creation through COVID + 85% YoY ©2021 InterDigital, Inc. All Rights Reserved. 8
Slide 9: Licensing Momentum
Licensing Momentum 9 ~750M >6B New licenses since Licensed devices in Licensed devices in start of 2020 2020 the past 10 years Including Huawei, Sharp, Fairphone, One of the highest numbers of any Including some customers licensed Humax – more than half included licensing company in the world for mo
Slide 10: Growth and Resilience During Macro Softness
Growth and Resilience During Macro Softness FY20 13% YoY $45M $M +114% YoY Recurring Revenue Net Income $55M $121M +46% YoY +135% YoY Income from Operations Free Cash Flow* *Free cash flow is a supplemental non-GAAP financial measure. See the Appendix at the end of this presentation for more informa
Slide 11: Capital Allocation
Capital Allocation More than $500M returned to shareholders in the last 5 years Stock buyback • Approximately $379M in share repurchases over the period • Basic share count net reduction by 4.6M shares (~13%) Dividends • $210M dividends paid at above average NASDAQ yields Investing in business growt
Slide 12: A New Work Paradigm
A New Work Paradigm During COVID: early transition to remote work and flexible working, coupled with wellness and support programs Going forward: a virtual/flexible work policy with strong collaboration tools to ensure productivity and competitiveness with industry peers ©2021 InterDigital, Inc. All
Slide 13: IMPACT: Leading by Example with ESG
InterDigital understands the role our company must play in driving a better society. IMPACT: In 2020, we launched a comprehensive Leading by ESG effort that bolstered our disclosures, launched a sustainability website and Example collaborative research effort, and published our first sustainability
Slide 14: Annual Shareholder Meeting
We invent the technologies that make life boundless Annual Shareholder Meeting June 2, 2021 ©2021 InterDigital, Inc. All Rights Reserved. 14
Slide 15: Appendix
Appendix ©2021 InterDigital, Inc. All Rights Reserved. 15
Slide 16: Reconciliation of Free Cash Flow to Net Cash Provided by Operating Activities
Reconciliation of Free Cash Flow to Net Cash Provided by Operating Activities Free cash flow is a supplemental non-GAAP financial measure that InterDigital believes is helpful in evaluating the company’s ability to invest in its business, make strategic acquisitions and fund share repurchases, among