Qualcomm Incorporated · NASDAQ:QCOM
Qualcomm — Shareholder Meeting (March 2022)
27 slides from Qualcomm's shareholder meeting presentation, Mar 9, 2022
Slide 1: 2022 Annual Meeting of Stockholders
2022 Annual Meeting of Stockholders March 9, 2022 @qualcomm
Slide 2: Mark McLaughlin, Chair of the Board
Mark McLaughlin Chair of the Board, Qualcomm Incorporated
Slide 3: Cristiano Amon, President and CEO
Cristiano Amon President and Chief Executive Officer, Qualcomm Incorporated @cristianoamon
Slide 4: Mobile Connected intelligent edge
Mobile Connected intelligent edge Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.
Slide 5: Enabling a world where everyone and everything is intelligently connected
Looking for new stats 35% Enabling a world Cloud growing at where everyone and everything year-over-year1 is intelligently connected 64% By 2025 Increasing data at the edge requires more local processing, intelligence of data will be created outside of traditional data centers2 1. Canalys estimate o
Slide 6: ~$700B addressable market expansion in the next decade
FUTURE ~$700B ² >7x Lowercase connected and metaverse See text edits. Connected intelligent edge Need more differentiation between “Future” and PRESENT ”Connected so it doesn’t look ~$100B¹ like part of same sentence. Delete metaverse Reduce $100B circle. Needs “present” Premium- and DONE high-end A
Slide 7: One technology roadmap that scales to address all growth vectors
One technology roadmap that scales to address all growth vectors HIGH COMPLEXITY Edge AI Camera Graphics Processing Connectivity On-device High performance, Everything intelligence low power wireless LOW COMPLEXITY 7
Slide 8: Snapdragon sets the bar for premium-tier Android smartphones
Snapdragon sets the bar for premium-tier Android smartphones 1 1 # Snapdragon® Connect # Snapdragon Sight™ Fastest 5G and Leading with mobile-first Wi-Fi speeds1 camera features4 1 1 # Snapdragon® Smart # Snapdragon® Secure Leading on-device AI use cases Leading security and performance per watt2 fe
Slide 9: #1 in RF front-end handset revenue, one year early
Exceeded 2019 Analyst Day target Positioned to 1 year early be the global revenue leader in RF front-end RF front-end handset revenue in FY21 #1 in industry Source: A combination of internal and third-party data.
Slide 10: IoT Next
Consumer Edge networking Industrial IoT Next Compute 5G wireless fiber Retail Always connected XR Wi-Fi access points Smart city High performance, low power On-device intelligence Wearables vRan infrastructure Energy Consumer electronics Manufacturing
Slide 11: A platform for the future of automotive
L2+ / L3 Driver Assistance 5G connectivity to cloud, and Automated Driving C-V2X, Wi-Fi and Bluetooth SoC Platforms with within and around the Arriver Vision and Drive vehicle, precise positioning Policy stacks 1 and PLC for EV charging A platform for the future of automotive > 10x Future silicon +
Slide 12: Our key growth areas
Next-gen XR / ADAS Our key Arm PCs Metaverse growth areas Industrial Modern transformation 5G network
Slide 13: FY21 Record year across key metrics
Revenues Operating income Earnings per share FY21 +55% +98% +104% $33.5B $8.54 Record year $11.8B across key $21.7B Non-GAAP1 $4.19 metrics $5.9B FY20 FY21 FY20 FY21 FY20 FY21 1. Please see appendix for definition, and/or GAAP to Non-GAAP reconciliations.
Slide 14: FY21 QCT revenue diversification
Handsets FY21 RF front-end Combined revenues QCT revenue across RF front-end, Automotive and IoT diversification $27.0B Non-handset revenues $4.8B $10.2B FY21 revenues Automotive 38% more than doubled FY19 FY21 over two years IoT
Slide 15: Q1FY22 Record quarter across key metrics
Revenues Operating Income Earnings per share Q1FY22 +30% +46% +49% $3.23 Record quarter $10.7B $4.4B across key $8.2B Non-GAAP $3.0B $2.17 metrics Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22
Slide 16: Grow capital returns and maintain strategic flexibility
Grow capital returns and maintain strategic flexibility1 Stock repurchases and dividends Continue to grow dividends $103B Cumulative return of capital 2 • Announced 10% dividend growth to $3.00 annualized dividend to stockholders • Annualized target: high-single-digit to low-double-digit growth Base
Slide 17: 5G enables a more sustainable future in the U.S.
5G enables a more sustainable future in the U.S. IMPROVES WATER MANAGEMENT CREATES GREEN JOBS 410 billion 300k gallons of water new green jobs by 2030 saved annually REDUCES PESTICIDE USE REDUCES EMISSIONS 50% 370+ million less pesticides metric tons of greenhouse gas emissions avoided in 2025 OPTIM
Slide 18: Environmental, Social and Governance progress
Environmental, Social and Governance progress Preparing the company for the next decade Reduced Scope 1 and Reached 24M people through Since 2019, increased female Scope 2 greenhouse gas (GHG) our Wireless Reach programs engineering representation by emissions by 20% since 2014 21%, worldwide, and i
Slide 19: We are at the beginning of one of the largest opportunities in our history
We are at the beginning of one of the largest opportunities in our history Industry trends Demand for our One technology Focused on customers creating new technologies across roadmap drives and industries vectors of growth virtually every industry earnings expansion that drive stable, long-term reve
Slide 20: Thank you
Thank you Nothing in these materials is an offer to sell any of the components References in this presentation to “Qualcomm” may mean Qualcomm or devices referenced herein. Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or ©2018-2022 Qualcomm Technologies, Inc. and/or its affil
Slide 21: Note regarding forward looking statements
Note regarding forward looking statements
Slide 22: Note regarding forward looking statements
Note regarding forward looking statements In addition to historical information, this presentation and the webcast that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding: our business, product,
Slide 23: Reconciliations
Reconciliations
Slide 24: Note regarding use of Non-GAAP Financial Measures
Note regarding use of Non-GAAP Financial Measures The Non-GAAP financial measures presented herein or in the accompanying conference call should be considered in addition to, not as a substitute for or superior to, financial measures calculated in accordance with GAAP. In addition, “Non-GAAP” is not
Slide 25: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Less GAAP Share-Based Less Other Non-GAAP (In millions, except per share data) Results Less QSI Compensation Items(1)(2) Results Fiscal 2021 Revenues $33,566 $45 $— $54 $33,467 Operating income (loss) 9,789 22 (1,670) (335) 11,772 Net income (lo
Slide 26: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Less GAAP Share-Based Less Other Non-GAAP (In millions, except per share data) Results Less QSI Compensation Items(3)(4) Results First Quarter Fiscal 2022 Results Revenues $10,705 $8 $— $— $10,697 Operating income (loss) 3,864 1 (499) (70) 4,432
Slide 27: Reconciliation Footnotes
Reconciliation Footnotes 1. In fiscal 2021, other items excluded from Non-GAAP results included $54 million of revenues related to the release of a variable constraint against revenues that were previously excluded from our Non-GAAP results. Other items excluded from Non-GAAP results also included $