Slide 1: Q3 2023 Financial Results Conference Call
Q3 2023 Financial Results Conference Call November 13, 2023
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertaintie
Slide 3: Supporting Slides
Q3 2023 Financial Release Conference Call Supporting Slides
Slide 4: Q3 2023 Revenue Breakdown by Market End Applications
Q3 2023 Revenue Breakdown by Market End Applications MS/ CMOS Sensors and Displays 6% 18% Misc. 2% Discrete 17% RF Mobile 26% Power IC 21% RF Infrastracture 10% 4 Automotive: 17%
Slide 5: Analog IC
Semiconductor Where Analog end Value Mect Analog IC
Slide 6: SiPho: from Pluggable to CPO to Optical I/O
SiPho: from Pluggable to CPO to Optical I/O Silicon Photonics enables 100G/400G/800G • Higher Bandwidth (Gbps) 800G/1.6T • Lower Power (pJ/bit) • Lower Cost ($/Gbps) 3.2G/6.4T/12.8T 6.4T/12.8T & Beyond Source: ASE 6
Slide 7: SiGe-based Analog Linear Pluggable Optics (LPO) enabling removal of Expensive DSP
SiGe-based Analog Linear Pluggable Optics (LPO) enabling removal of Expensive Digital Signal Processing (DSP) DSP-based Transceiver Linear Drive (no DSP) Lower Cost Lower Power LPO Analog Trasceiver Lower Latency Larger market for SiGe Source: Ruijie Networks 7
Slide 8: Satellite based internet services
Satellite based internet services User Terminal Examples Terrestrial receiver demand is growing SiGe based phased-array are key enablers Shown for illustrative purpose only. Not an indication of Tower’s content. ~250 phase-array ICs per terminal on average 256 Element Phased-Array Example Emergi
Slide 9: Sensors and Displays
Semiconductor Where Analog end Value Mect Sensors and Displays
Slide 10: Main Markets and Applications
Main Markets and Applications Medical and Dental X-Ray Industrial Machine Vision High-end Photography • Intra and Extra Oral • 2-D barcode readers • Cinematography • Mammography • Food inspection • Broadcasting • Surgical • Industrial robots • High end photography • Up to 21cm x 21cm (1 DPW) • Displ
Slide 11: Main Markets and Applications
Main Markets and Applications 3D sensing Displays • Automotive (dToF) • uOLED displays for VR goggles • Gaming (iToF/dToF) • uLED on Silicon for next generation displays • AR/VR depth sensors • Robotics / Home Robotics (dToF) • Fast camera autofocus 11
Slide 12: OLED on Silicon (OLEDoS) Backplane for VR
OLED on Silicon (OLEDoS) Backplane for VR DDI using advanced digital Silicon Backplane using 10V lean flow processes Assembly on Flex 12
Slide 13: Long-term Financial Model
Semiconductor Where Analog end Value Mect Long-term Financial Model
Slide 14: Financial Model ($M)
Financial Model ($M) Built-out Incremental Q3 2023 Annualized capacity@85% % of Run Rate $M Incremental utilization* Revenue Revenue 1,432 1.9X 2,660 1,228 Gross Profit 347 2.1X 740 393 32% Operating 195 2.9X 560 365 30% Profit Net Profit 208 ** 2.4X 500 292 24% * Including New Mexico capacity corri
Slide 15: Thank You
Thank You Contact: Noit Levy, SVP Investor Relations and Corporate Communications Email: noitle@towersemi.com