Adeia Inc. · NASDAQ:ADEA
Adeia — Q4 2023 Earnings Presentation
12 slides from Adeia's earnings presentation, Feb 20, 2024
Slide 1: Q4 2023 Earnings
Q4 2023 Earnings February 20, 2024 1
Slide 2: Safe Harbor
Safe Harbor This presentation contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on in
Slide 3: Q4 2023 Highlights
Q4 2023 Closed 8 deals including 2 with new customers and 6 renewals Highlights Deals closed included agreements with a leading international social media customer, five Pay-TV customers, and two consumer electronics customers Revenue of $86.9 million, adjusted EBITDA of $54.1 million and S paid dow
Slide 4: FY 2023 Highlights
FY 2023 Signed 32 license agreements, including with Western Digital, Kioxia, Samsung, Cox, Verizon, Altice, DAZN, Starz, and a leading international social Highlights media company Revenue of $388.8 million, adjusted EBITDA of $262.3 million and paid down $148.0 million on our term loan Patent port
Slide 5: Measures of Success
Increase Long-Term Revenue Continue to execute renewals and new customer agreements Measures that will increase our annual revenue over the long-term of Success IP Portfolio Growth Grow patent portfolio through our investment in R&D with a focus on new original patent filings Deleverage our Balance
Slide 6: Partnering with the Ecosystem
Partnering with the Ecosystem MEMS Engineering Forum Augmented World Expo ECTC Semiconductor NAB Show Rosenblatt The Age of AI Tech Summit CVPR Chiplet Summit Immerse Global Summit 3D & Systems Summit SMPTE Flash Memory Summit Commerce Next IMAPS Device Packaging Streaming Media East The Lithography
Slide 7: Adeia Semiconductor Co-Optimization
Beyond Moore’s Law System Technology Co-Optimization Adeia (STCO) Semiconductor Design Technology Beyond Moore Co-Optimization Co-Optimization (DTCO) Adeia’s Semiconductor Technologies Hybrid Bonding Advanced Processing Node Advanced Packaging 7 © 2024 Adeia | All rights reserved.
Slide 8: Q4 and Full-Year 2023 Results
Q4 and Full-Year 2023 Results Q4’23 Q4’23 FY2023 FY2023 Category (in millions) GAAP NON-GAAP GAAP NON-GAAP Revenue $86.9 $86.9 $388.8 $388.8 Operating expenses $63.6 $33.2 $252.5 $128.1 Interest expense $15.5 $15.5 $62.6 $62.6 Other income, net $1.6 $1.6 $6.3 $6.0 Income tax expense (benefit) $(3.3)
Slide 9: FY 2024 Outlook
FY 2024 Outlook Category (in millions, except tax rate) FY’24 GAAP Outlook FY’24 Non-GAAP Outlook Revenue $380.0 – 420.0 $380.0 – 420.0 Operating expenses $254.0 – 268.0 $150.0 – 160.0 Interest expense $54.0 – 57.0 $54.0 – 57.0 Other income $5.0 – 6.0 $5.0 – 6.0 Tax rate 25% – 30% 23% Net income $57
Slide 10: Value Proposition
Value Proposition Foundation Driven by Ongoing Innovation and Focused Capital Strong Portfolios and Capitalization of Market Allocation to Maximize Technology Offerings Trends Drive Growth Shareholder Value ~10,950 patent assets provide Ongoing innovations drive growth Focused investments in innovat
Slide 11: Question & Answer
Question & Answer 11
Slide 12: Thank you!
Thank you! 12