Slide 1: First Quarter Fiscal 2021 Earnings Supplemental Slides
First Quarter Fiscal 2021 Earnings Supplemental Slides November 5, 2020
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward- looking statements give our
Slide 3: Q1FY21 Highlights
Q1FY21 Highlights Financial Highlights • Revenue above midpoint of guidance range • Non-GAAP gross margin above the high-end of guidance range – Highest non-GAAP gross margins in more than seven years; five sequential quarters of gross margin improvement • Non-GAAP OPEX spend was below the midpoint
Slide 4: Q1FY21 Financial Results
Q1FY21 Financial Results Year over Year Q1’19 Q1’18 Actual Actual Delta $ Delta % See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 4
Slide 5: Q1FY20 and Q1FY21 Results vs Q1FY21 Guidance
Q1FY20 and Q1FY21 Results vs Q1FY21 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 5
Slide 6: First Quarter Fiscal 2021 Cash & Debt
First Quarter Fiscal 2021 Cash & Debt $ Millions • Debt amounts presented above are as of the end of each quarter presented and represent the balances due to third parties and exclude discount & debt issuance cost adjustments as presented on our balance sheet. © 2020 Synaptics Incorporated 6
Slide 7: First Quarter Fiscal 2021 Balance Sheet
First Quarter Fiscal 2021 Balance Sheet Q3’20 Q4’20 Q1’21 Q1’21 In Millions Actual Actual Actual vs Q4’20 Cash & ST Investments $472.1 $763.4 $243.9 ($519.5) AR $238.4 $195.3 $227.8 $32.5 Inventory $95.5 $102.0 $114.6 $12.6 PP&E $83.4 $84.3 $90.5 $6.2 Other $591.7 $548.8 $1,098.1 $549.3 Total Assets
Slide 8: Second Quarter Fiscal 2021 Guidance
Second Quarter Fiscal 2021 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 8
Slide 9: Revenue Trend
Revenue Trend Guidance Mid-Point $ Millions © 2020 Synaptics Incorporated 9
Slide 10: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Guidance Mid-Point See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2020 Synaptics Incorporated 10
Slide 11: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables Q1'21 Q4'20 Q3'20 Q2'20 Q1'20 Actual Actual Actual Actual Actual GAAP gross margin $ 134.5 $ 122.0 $ 135.6 $ 159.3 $ 126.2 Acquisition related costs 28.5 8.1 8.1 8.2 15.3 Recovery on supply commitment (0.6) - - (1.8) (1.2) Share-based compensation 0.8 - 0.8 0.6
Slide 12: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q1'21 Q4'20 Q3'20 Q2'20 Q1'20 Actual Actual Actual Actual Actual GAAP net income/(loss) $ (2.8) $ 90.0 $ 5.0 $ 19.8 $ 4.0 Recovery on supply commitment (0.6) - - (1.8) (1.2) Acquisition/divestiture related costs 37.6 13.5 11.3 12.6 18.2 Share-based
Slide 13: © 2020 Synaptics Incorporated
© 2020 Synaptics Incorporated