Broadcom Inc. · NASDAQ:AVGO

Broadcom — Susquehanna Group's Semi, Storage & Technology Conference (March 2016)

17 slides from Broadcom's conference presentation, Mar 10, 2016

  1. Slide 1: Broadcom Overview

    Broadcom Overview Susquehanna Group’s Semi, Storage & Technology Conference March 10, 2016 © 2016 Broadcom. All rights reserved.

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This presentation contains forward-looking statements (including within the meaning of Section 21E of the United States Securities ExchangeAct of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom Limited (“Broadcom” o

  3. Slide 3: Heritage of Technology

    Heritage of Technology IPO 1961 1981 1991 1996 1999 2002 2005 2007 2009 2014 2016

  4. Slide 4: Delivering IP Through Differentiated Products

    Delivering IP Through Differentiated Products Core Technologies Franchise Products FBAR and RF Filters and Amplifiers SerDes ASIC Optics VCSEL/DFB Fiber Optic Products Optical Sensing Optical Isolation/Motion Encoders/LED SAS/SATA/FC/PCIe Enterprise SAS, SATA, Fibre Channel Read Channel HDD/SSD Cont

  5. Slide 5: Robust Business Model: Sustainable Franchises

    Robust Business Model: Sustainable Franchises BU Franchise Broadcom Segments (19 BUs across 4 End Markets) Wired Wireless Enterprise Industrial • Technology leadership Infrastructure Communications Storage Established markets “Stickiness” Focused Broadcom Platform Global Operations (Supply Chain, QA

  6. Slide 6: Wired Infrastructure

    Wired Infrastructure Comprehensive Solutions Enabling Bandwidth Expansion Set-Top Box/ Broadband Fiber ASIC Switching PHY Cable Modem Access Optics SerDes ASSPs Significant Customers 6 | © 2016 Broadcom. All rights reserved.

  7. Slide 7: Wireless Communications

    Wireless Communications Winning Solutions Combining High-Performance Differentiated Technologies Handsets and Tablets – RF Wireless Connectivity Custom Solutions Significant Customers

  8. Slide 8: Enterprise Storage

    Enterprise Storage Complete Portfolio of Silicon and Software Leadership Solutions Server/Storage Connectivity Custom Flash Controllers HDD Read Channel & PreAmps Significant Customers

  9. Slide 9: Industrial

    Industrial Superior Solutions Offering Efficiency, Reliability, Accuracy and Protection Power Generation Factory Automation Servo Drives and Conversion Solid State Displays Significant Customers

  10. Slide 10: Proven Financial Model: Strong Performance

    Proven Financial Model: Strong Performance* Accelerated with LSI Acquisition Mid FY14 ($ in millions) Net Revenue (Non-GAAP) (% of Net Revenue) Gross Margin (Non-GAAP) $6,905 60.6% $4,307 56.2% $2,336 $2,364 $2,520 51.7% 51.0% 50.8% FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15 ($ in millions) O

  11. Slide 11: BRCM Acquisition Adds More Scale

    BRCM Acquisition Adds More Scale (FY Q2’16 midpoint of Target (1) Non-GAAP (FY Q1’16 Actual) Guidance range ) Long-term Model Drivers Revenue $M $1782 $3550 > 5% CAGR Revenue synergies Leverage over $4B of Gross margin 61% 59% >60% material spend R&D % of revenue 13% 19% >16% $500M savings(2) SG&A %

  12. Slide 12: Questions & Answers

    Questions & Answers © 2016 Broadcom. All rights reserved.

  13. Slide 13: Appendix

    Appendix © 2016 Broadcom. All rights reserved.

  14. Slide 14: GAAP to Non-GAAP Reconciliation – Annual

    GAAP to Non-GAAP Reconciliation – Annual ($ in millions) FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Net revenue on non-GAAP basis $ 2,336 $ 2,364 $ 2,520 $ 4,307 $ 6,905 Acquisition-related purchase accounting revenue adjustment — — —38 81 Net revenue on GAAP basis $ 2,336 $ 2,364 $ 2,520 $ 4,269 $ 6,8

  15. Slide 15: GAAP to Non-GAAP Reconciliation – Q1'16

    GAAP to Non-GAAP Reconciliation – Q1’16 ($ in millions) Q1’16 Net revenue on non-GAAP basis $ 1,782 Acquisition-related purchase accounting revenue adjustment 11 Net revenue on GAAP basis $ 1,771 Non-GAAP Gross Margin $ 1,089 Acquisition-related purchase accounting revenue adjustment 11 SBC—COGS 6 A

  16. Slide 16: Q2'16 Guidance

    Q2’16 Guidance GAAP Reconciling Items Non-GAAP Net Revenue $3,533M +/- $75M $17M $3,550 +/- $75M(1) Gross Margin 30.75% +/- 1% $1,001M 59.00% +/- 1%(2) Operating Expenses $2,147M $1,315M $832M(3) Interest and Other $302M $141M $161M(4) Taxes provision (benefit) ($120)M ($170)M $50M(5) Diluted Share

  17. Slide 17: BROADCOM

    BROADCOM® Connecting everything®

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