Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Shareholder Meeting (May 2010)
13 slides from Diodes's shareholder meeting presentation, May 27, 2010
Slide 1: Annual Shareholders Meeting New York City May 24, 2010
Annual Shareholders Meeting New York City May 24, 2010
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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, but are
Slide 3: Experienced Management Team
Experienced Management Team Page 3 Richard White CFO, Secretary and Treasurer 25 yrs at Texas Instruments VP, Finance for TI's global MOS Memory and Controller, TI Asia Pacific Mark King Sr. VP, Sales and Marketing 19 yrs with Diodes and 7 yrs at Lite-On Sales, marketing and finance background Josep
Slide 4: 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 4
Slide 5: Quick and Decisive Actions in 2009
Quick and Decisive Actions in 2009 Shut-down of Zetex 4-inch wafer fab line and subsequent line consolidation Zetex sub-contractor packaging transferred to our Shanghai facilities, reducing our dependence on third parties while increasing internal factory utilization rates and margin Implemented our
Slide 6: Revenue by Year ($M)
Revenue by Year ($M) Revenue Growth Page 6 $0 $100 $200 $300 $400 $500 2004 2005 2006 2007 2008 2009 2004 - 2009 (CAGR: 21.2%) $434 $ 78 $104 $130 $122 2003 $433 $ 96 $116 $134 $ 87 $401 $343 $215 $186 $137 1H10 $137 $142-$148 Est. 33.4% 17.3% 6.6% 5.0% 4 - 8%
Slide 7: Revenue Profile - 1Q10
Revenue Profile - 1Q10 By Channel By Region By Segment Page 7 16% 73% 11% Asia Pacific Europe North America 53% 47% Distribution OEM 28% 20% 17% 32% 3% Industrial Consumer Electronics Communications Automotive Computing
Slide 8: Strong Year 2009 Performance
Strong Year 2009 Performance Page 8 2009 Revenue $433 $434 $1 Revenue Growth 8% 0% flat Gross Profit $133 $121 ($12) Gross Margin % 30.6% 27.9% (2.7%) Operating Profit $27 $23 ($4) Net Income $28 $8 ($20) Earnings Per Share $0.66 $0.17 ($0.49) Cash Flow from Operations $57 $66 $9 EBITDA $83 $67 ($16
Slide 9: Annual Revenue Growth Rates Outperforming the Industry
Annual Revenue Growth Rates Outperforming the Industry Page 9 59.9% 2004 to 2009 Growth Diodes: 21.2% 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 Semicond
Slide 10: First Quarter 2010 Financial Performance
First Quarter 2010 Financial Performance Page 10 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 11: Balance Sheet
Balance Sheet Page 11 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 12: Second Quarter 2010 Outlook
Second Quarter 2010 Outlook Revenue expected to range between $142-$148 million, up 4% to 8% sequentially This forecast represents our fifth consecutive quarter of revenue growth and will signify another quarterly revenue record Gross Profit is expected to increase at a rate comparable to our revenu
Slide 13: 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