Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — UBS Global Technology Conference 2010
27 slides from Diodes's conference presentation, Jun 9, 2010
Slide 1: UBS Global Technology Conference New York June 9, 2010
UBS Global Technology Conference New York June 9, 2010
Slide 2: Safe Harbor Statement
Safe Harbor Statement Page 2 Any statements set forth herein that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements include, b
Slide 3: Management Representative
Management Representative Page 3 Dr. Keh-Shew Lu President and CEO President and CEO Since 2005 Director - Diodes 9 years Texas Instruments 27 years Experience: Senior Vice President of TI Worldwide Analog and Logic Senior Vice President of TI Worldwide Memory President of Texas Instruments - Asia E
Slide 4: About Diodes
About Diodes Page 4 A leading global manufacturer and supplier of high-quality application specific, standard products within the broad discrete, logic and analog markets, serving the computing, consumer, communications, industrial and automotive segments.
Slide 5: Business Objective
Business Objective To consistently achieve above-market profitable growth, utilizing our innovative and cost-effective packaging technology, suited for high volume, high growth markets by leveraging process expertise and design excellence to deliver market-leading semiconductor products Page 5
Slide 6: Diodes Strategy: Profitable Growth
Diodes Strategy: Profitable Growth Page 6
Slide 7: 2009 Total Semiconductor Market: Significant Market Opportunity
2009 Total Semiconductor Market ($226 bn) Significant Market Opportunity Page 7 $97 bn $22 bn $45 bn $32 bn $16 bn Diodes' SAM: $4 - $6 bn Diodes' SAM: $9 - $11 bn Opto $14 bn Logic Analog Discrete Micro Memory Diodes' SAM: $2 - $3 bn
Slide 8: Revenue Profile - 1Q10
Revenue Profile - 1Q10 By Channel By Region By Segment Page 8 16% 73% 11% Asia Pacific Europe North America 53% 47% Distribution OEM 28% 20% 17% 32% 3% Industrial Consumer Communications Automotive Computing
Slide 9: Efficiency, Functionality, and Control for Smart Phones
Efficiency, Functionality, and Control for Smart Phones Page 9 LCD Backlighting LED Drivers Boost Converters Schottky Diodes LCD / OLED Display Bias LCD Bias ICs OLED Bias ICs Schottky Diodes LED Flash Module Camera Flash Drivers ZXMN series MOSFETs Keypad Backlighting LED Drivers Boost Converters S
Slide 10: Strong Relationships Drive LCD/LED TV Product Roadmaps
Strong Relationships Drive LCD/LED TV Product Roadmaps Page 10 LCD Display Buffer 40V High-gain BJT System Power Conversion Low Dropout Regulators DC-DC Converters Voltage References Synchronous MOSFET Controllers 40V/100V SBR and Schottkys Bridge Rectifier Diodes LCD LED Backlighting Current Monito
Slide 11: Product Breadth and Performance for Computing Platforms
Product Breadth and Performance for Computing Platforms Page 11 LCD / LED Backlighting LED Drivers Boost Converters Schottky Diodes Battery Power Management Current Monitors Load Switches Low-Saturation BJT ZXMP series MOSFETs System Voltage Conversion Low Dropout Regulators DC-DC Converters Schottk
Slide 12: Leadership in General Illumination
ZXLD series AP880x series ZXS series MOSFET Low Saturation BJT Gate Drive Bipolar Schottky Diode SBR Zener Diode Current Monitor Low Voltage Reference Gate Drivers Linear LED driver Automotive Interior Lighting Street Lighting Flashlight Diodes Leadership in General Illumination Interior Lighting MR
Slide 13: Broad and Diverse High-Volume Product Offering
Page 13 Broad and Diverse High-Volume Product Offering Discrete Discrete Standard ICs ASSP ASSP Diodes Rectifiers Standard Linear ICs Power Management ICs Sensors Schottky Diodes Schottky Rectifiers Linear Voltage Regulators DC-DC Switching Regulators Unipolar Hall Switches Zener Diodes Super Barrie
Slide 14: Process Expertise for Cost Optimization
Process Expertise for Cost Optimization Page 14 Diodes' process expertise drives capability and cost optimized solutions Reduced number of silicon layers with equivalent performance Voltage extensions for MOS and Bipolar processes State-of-the-art high density trench process for reduced on-resistanc
Slide 15: Packaging Focus: Miniaturization and Power Efficiency
Page 15 Packaging Focus: Miniaturization and Power Efficiency PD-5 PM-III PD-323 PD-123 High Pin QFN T-CSP / DFN0603 Power PKG WL-CSP SOT923 TO252 TO220/263/ITO220S SOT223 SIP-3/4 SOT89 QSOP16/20L MSOP8/10 SOIC8 TSSOP8 SOT666 QFN 3~16 pin 0.4mm DFN 0.3mm DFN DFN1006-2 SOT953/963 SOT26/363 SOT25/353
Slide 16: Packaging Focus: Miniaturization and Power Efficiency
Page 16 Packaging Focus: Miniaturization and Power Efficiency Power Efficiency Miniaturization DFN 1006-2 Probably the smallest Discrete semiconductor package. DFN 1006-2 0.6mm 1.0mm Compared to a TO252, the PowerDI(r)5 package delivers twice the power density from a 55% smaller footprint. PowerDI(r
Slide 17: ASMCC: Application-Specific Multi-Chip Circuits
Page 17 ASMCC: Application-Specific Multi-Chip Circuits Example: Load Switch Consolidates 5 parts into 1 Marrying Silicon Expertise with Packaging Leadership Application-tailored component characteristics Outstanding at-speed performance Current-carrying capability Space- and cost-efficient system s
Slide 18: Efficient Manufacturing + Superior Processes
Efficient Manufacturing + Superior Processes Page 18 Shanghai-based packaging with capacity greater than 18 billion units Flexible and optimized manufacturing process = low packaging cost Additional packaging facilities in Neuhaus, Germany and JV in Chengdu, China Bipolar process technology for disc
Slide 19: Collaborative Customer Relationships
Page 19 Quanta Hon Hai Collaborative Customer Relationships
Slide 20: Revenue by Year ($M)
Revenue by Year ($M) Revenue Growth Page 20 $0 $100 $200 $300 $400 $500 2004 2005 2006 2007 2008 2009 2003 - 2009 (CAGR: 21.2%) $434 $ 78 $104 $130 $122 2003 $433 $ 96 $116 $134 $ 87 $401 $343 $215 $186 $137 1H10 $137 $147-$151 Est. 33.4% 17.3% 6.6% 5.0% 7.5 - 10.5%
Slide 21: Annual Revenue Growth Rates Outperforming the Industry
Annual Revenue Growth Rates Outperforming the Industry Page 21 59.9% 2003 to 2009 Growth Diodes: 21.2% SAM Industry: 2.4% 2004 2005 2006* 2007 2008* 2003 8.0% 35.6% 15.6% 16.9% 18.2% 18.1% (3.3%) 13.5% 8.1% (0.5%) (1.3%) (10%) 0% 10% 20% 30% 40% 50% 60% Industry (Discrete + Analog) Source: World Sem
Slide 22: Industry and Media Recognition
Industry and Media Recognition NASDAQ Global Select / S&P SmallCap 600 Index / Russell 3000 Index 2009 Forbes' 2009 List of 200 Best Small Companies Deloitte List of 50 Fastest Growing Tech Companies in Texas - Ranking 49th Dallas Tech Titans Fastest Growing Technology Companies - Ranking 30th 2008
Slide 23: First Quarter 2010 Financial Performance
First Quarter 2010 Financial Performance Page 23 Revenue $78 $130 $137 $59 $7 Revenue Growth (10%) 7% 5% 76% 5% Gross Profit $14 $42 $48 $34 $6 Gross Margin % 18.6% 32.1% 34.9% 1630 bp 280 bp Operating Profit ($8) $14 $19 $27 $5 Net Income ($11) $14 $15 $26 $1 Earning per Share ($0.26) $0.32 $0.33 $
Slide 24: Balance Sheet
Balance Sheet Page 24 Dec 31, 2009 Cash $104 $242 $248 S-T Investment $ - $297 $238 Inventory $ 99 $ 90 $ 94 L-T Investment $321 $ - $ - Total Assets $891 $1,018 $982 Current Liabilities $ 87 $392 $345 L-T Debt $373 $125 $126 Total Liabilities $491 $567 $522 Total Equity $400 $451 $460 March 31, 201
Slide 25: Second Quarter 2010 Updated Guidance
Second Quarter 2010 Updated Guidance Page 25 Revenue expected to range between $147-$151 million, up 7.5% to 10.5% sequentially - Record Revenue Gross profit is expected to increase at a rate better than our revenue growth - Record Gross Profit Gross profit margin is expected to range between 35% to
Slide 26: Investment Highlights
Investment Highlights Page 26
Slide 27: Thank you
Thank you Company Contact: Diodes Incorporated Carl Wertz VP, Finance and Investor Relations P: 805-446-4800 E: carl_wertz@diodes.com Investor Relations Contact: Shelton Group Leanne K. Sievers EVP, Investor Relations P: 949-224-3874 E: lsievers@diodes.com www.diodes.com
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