Slide 1: Fourth Quarter Fiscal 2020 Earnings Supplemental Slides
Fourth Quarter Fiscal 2020 Earnings Supplemental Slides August 5, 2020
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements give our
Slide 3: Q4FY20 Highlights
Q4FY20 Highlights Financial Highlights • Revenue above midpoint of guidance range • Non-GAAP gross margin at the high-end of guidance range – Highest non-GAAP gross margins in more than five years; four sequential quarters of gross margin improvement • Non-GAAP OPEX spend was below the low-end of gu
Slide 4: Q4FY20 Financial Results
Q4FY20 Financial Results Year Yearover overYear Year Q1’19 Q4’19 Q1’18 Q4’20 $M (except EPS) Actual Actual Actual Delta$ Delta Delta%% Delta Revenue $295.1 $277.6 ($17.5) (6%) GAAP Net Income ($46.2) $90.0 $136.2 (295%) GAAP EPS Diluted ($1.35) $2.55 $3.90 (289%) Non-GAAP Net Income $13.2 $43.8 $30
Slide 5: Q4FY19 and Q4FY20 Results vs Q4FY20 Guidance
Q4FY19 and Q4FY20 Results vs Q4FY20 Guidance Q4’19 Q4’20 Q4’20 $M (except EPS) Actual Actual Guidance Revenue $295.1 $277.6 $260M - $290M Non-GAAP Gross Margin % 39.1% 46.9% 45.0% - 47.0% Non-GAAP Op Expenses $101.1 $79.8 $83M - $86M Non-GAAP EPS $0.38 $1.24 $0.85 - $1.25 GAAP Gross Margin % 30.6% 4
Slide 6: Fourth Quarter Fiscal 2020 Cash & Debt
Fourth Quarter Fiscal 2020 Cash & Debt $ Millions • Debt amounts presented above are as of the end of each quarter presented and represent the balances due to third parties and exclude discount & debt issuance cost adjustments as presented on our balance sheet. © 2020 Synaptics Incorporated 6
Slide 7: Fourth Quarter Fiscal 2020 Balance Sheet
Fourth Quarter Fiscal 2020 Balance Sheet Q2’20 Q3’20 Q4’20 Q4’20 In Millions Actual Actual Actual vs Q3’20 Cash & Investments $424.8 $472.1 $763.4 $291.3 AR $246.4 $238.4 $195.3 ($43.1) Inventory $82.1 $95.5 $102.0 $6.5 PP&E $87.7 $83.4 $84.3 $0.9 Other $616.2 $591.7 $548.8 ($42.9) Total Assets $1,4
Slide 8: First Quarter Fiscal 2021 Guidance
First Quarter Fiscal 2021 Guidance Q1’20 Q4’20 Q1’21 $M (except EPS) Actual Actual Guidance Revenue $339.9 $277.6 $315M - $335M Non-GAAP Gross Margin % 41.5% 46.9% 47.5% - 49.5% Non-GAAP Op Expenses $95.5 $79.8 $87M - $90M Non-GAAP EPS $1.22 $1.24 $1.50 - $1.80 GAAP Gross Margin % 37.1% 43.9% N/A GA
Slide 9: First Quarter Fiscal 2021 Guidance (cont'd)
First Quarter Fiscal 2021 Guidance (cont’d) $M (except EPS) GAAP Non-GAAP Consolidated Revenue $315M - $335M N/A Consoldiated Gross Margin N/A 47.5% - 49.5% Consolidated Op Expenses N/A $87M - $90M Consolidated EPS N/A $1.50 - $1.80 Core Revenue $285M - $305M N/A Core Gross Margin N/A 46% - 48% Core
Slide 10: Revenue Trend
Revenue Trend Guidance Mid-Point $ Millions © 2020 Synaptics Incorporated 10
Slide 11: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Guidance Mid-Point See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures and see slide 9 footnote for Q1’21 disclosure © 2020 Synaptics Incorporated 11
Slide 12: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables © 2020 Synaptics Incorporated 12
Slide 13: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q4'20 Q3'20 Q2'20 Q1'20 Q4'19 Actual Actual Actual Actual Actual GAAP net income/(loss) $ 90.0 $ 5.0 $ 19.8 $ 4.0 $ (46.2) Share-based compensation 16.2 17.9 15.1 11.2 10.3 Acquisition/divestiture related costs 13.5 11.3 12.6 18.2 18.6 Loss/(recover
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation We are unable to provide a reconciliation for forward-looking non-GAAP financial measures to their respective comparable GAAP financial measures because, without unreasonable efforts, we are unable to predict with reasonable certainty the amount or timing of certain a
Slide 15: © 2020 Synaptics Incorporated
© 2020 Synaptics Incorporated