Qualcomm Incorporated · NASDAQ:QCOM
Qualcomm — Shareholder Meeting (March 2019)
23 slides from Qualcomm's shareholder meeting presentation, Mar 12, 2019
Slide 1: Annual Meeting of Stockholders 2019
March 12, 2019 San Diego, CA @qualcomm Annual Meeting of Stockholders 2019
Slide 2: Jeff Henderson, Chairman of the Board
Jeff Henderson Chairman of the Board, Qualcomm Incorporated 2
Slide 3: Steve Mollenkopf, CEO
Steve Mollenkopf CEO, Qualcomm Incorporated 3
Slide 4: Additional information and safe harbor
Additional information and safe harbor NON-GAAP FINANCIAL MEASURES This presentation includes “non-GAAP financial measures” as that term is defined in Regulation G. Further discussion regarding our use of non-GAAP financial measures, as well as the most directly comparable GAAP financial measures an
Slide 5: Key fiscal 2018 results
Key fiscal 2018 results $22.6B 2,4 QTL-Licensing Revenues $5.0B 2,3,4 300+ Revenues Global 3G/4G/5G licensees $5.4B 2,4 1 Non-GAAP earnings before taxes (EBT) QCT-Semiconductors $3.62 2,4 $17.3B 855M 1 Revenues MSM™ chip shipments Non-GAAP diluted earnings per share (EPS) We have strongly positioned
Slide 6: Stock repurchase plan and capital policy
Stock repurchase plan and capital policy $86.5B cumulative return of capital to stockholders Stock repurchase plan • We have completed $22B of the $30B authorization* *As of Q1FY19 Capital policy • No change to the quarterly dividend of $0.62 at this time • Continued focus on improving return on inv
Slide 7: Operational update
Operational update 5G product leadership Investment discipline • Cost plan — on track* Adjacent growth • Focused product roadmap • RFFE — modem to antenna solutions • Automotive — >$5.5B pipeline 5G licensing framework • C&N — Wi-Fi 6 leadership • 35+ licensees have 5G agreements Core business execu
Slide 8: The Invention Age
Fueling a new era of innovation: The Invention Age 8
Slide 9: The age of 5G and AI
Efficiency Immediacy New Local value experiences The age of 5G and AI Billions of connected things Privacy Autonomy Massive amounts of data Powering new services at the edge Security Personalization 9
Slide 10: Manufacturing
* Manufacturing aly Oe te ie % ad eB Automotive —_ 2 gli ety 7 1 | h \\ yt ii | \ | ( | | MN
Slide 11: 5G rollout happening faster than 4G
5G rollout happening faster than 4G 4 Operators 20+ Operators launched announced 3 20+ OEMs OEMs launched announced Source: IHS Report Jan ’19, Qualcomm Technologies data Year 1 announcements underscore tremendous momentum with 5G 11
Slide 12: Making the impossible, inevitable
Making the impossible, inevitable “5G smartphones will be too bulky” Qualcomm® Snapdragon™ X50 5G modem family “You won’t see any mainstream 5G launches” HTC LG V50 Nubia Samsung Snapdragon 855 mobile 5G Hub ThinQ 5G Mini 5G Galaxy Fold 5G “5G smartphones will platform have a poor battery life” “mmW
Slide 13: Our 5G innovations are powering award-winning products
Our 5G innovations are powering award-winning products Snapdragon 5G HTC LG Samsung Samsung Xiaomi ZTE mobile platforms 5G Hub V50 ThinQ 5G Galaxy Fold 5G Galaxy S10 5G Mi MIX 3 5G Axon 10 Pro 5G Best of MWC 2019 awards 13
Slide 14: The 5G opportunity will be massive
$12 In goods and services Trillion * enabled by 5G in 2035 The 5G opportunity will be massive Qualcomm is uniquely positioned to be a leader in the 5G era *The 5G Economy, an independent study from IHS Markit, Penn Schoen Berland and Berkeley Research Group, commissioned by Qualcomm 14
Slide 15: A model that powers ecosystems
Fundamental research A model Developers Standards and policy makers that powers ecosystems to growth Manufacturers Infrastructure, network operators and test 15
Slide 16: Legal and dispute update
Legal and dispute update U.S. Federal Apple Huawei Trade Commission litigation 16
Slide 17: Qualcomm 5G
Qualcomm 5G
Slide 18: Thank you
Thank you Follow us on: For more information, visit us at: www.qualcomm.com & www.qualcomm.com/blog Nothing in these materials is an offer to sell any of the References in this presentation to “Qualcomm” may mean Qualcomm components or devices referenced herein. Incorporated, Qualcomm Technologies,
Slide 19: Appendix
Appendix 19
Slide 20: Footnotes
Footnotes 1. Non-GAAP results exclude the QSI (Qualcomm Strategic Initiatives) segment and certain share-based 4. Beginning in the third quarter of fiscal 2017, GAAP and Non-GAAP results have been negatively compensation, acquisition-related items, tax items and other items. Further discussion regar
Slide 21: Reconciliations
Reconciliations 21
Slide 22: Note regarding use of Non-GAAP financial measures
Note regarding use of Non-GAAP financial measures The Non-GAAP financial information presented herein should be considered in addition to, not as a management and investors to make additional comparisons of the operating activities of the Company’s substitute for or superior to, financial measures c
Slide 23: Fiscal 2018 results
Fiscal 2018 results 3 In millions, except per share data Share-based Non-GAAP results QSI compensation Other items1 GAAP results FY ’18 Revenue $22,611 $100 $— ($100) $22,611 Earnings (loss) before tax 5,383 24 (883) (4,132) 392 Net income (loss) 5,343 22 (743) (9,586) (4,964) Diluted EPS 2 $3.62 $0