Universal Electronics Inc. · NASDAQ:UEIC
Universal Electronics — Investor Presentation (May 2022)
36 slides from Universal Electronics's investor presentation, May 2022
Slide 1: Universal Electronics Company Overview
Universal Electronics Company Overview May 2022
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including net sales, profit margin and earnings trends, estimates and assumptions; our expectations about new product introductions; and similar stat
Slide 3: UEI at a glance
OUR SOLUTIONS Market Share Leader in Home Control • More than three decades of experience designing and developing wireless entertainment and home control solutions • Worldwide leader in the growing market for entertainment (voice) remote controls • Broad portfolio of connected sensing and control s
Slide 4: Agenda
Agenda 1 About Universal Electronics 2 Our Markets 3 Our Solutions 4 Our Achievements Universal Electronics - Confidential 4
Slide 5: UEI is the global leader in wireless universal control solutions
ABOUT UNIVERSAL ELECTRONICS UEI is the global leader in wireless universal control solutions for home entertainment and smart home devices. For over 35 years, , UEI designs, develops, manufactures, ships and supports wireless universal control technology solutions and a broad line of home entertainm
Slide 6: Our mission: Create smarter living
ABOUT UNIVERSAL ELECTRONICS OUR MISSION Create smarter living To create products and technologies that help everyday people easily discover and interact with the devices and services in their home. Universal Electronics - Confidential 6
Slide 7: Our vision: Connecting the home
ABOUT UNIVERSAL ELECTRONICS OUR VISION Connecting the home To be the most knowledgeable company on the planet about the entertainment, smart devices and services that people have in their home. Universal Electronics - Confidential 7
Slide 8: Over 35 years of continuous success in building a world-class company
ABOUT UNIVERSAL ELECTRONICS Over 35 years of continuous success in building a world-class company Universal Electronics - Confidential 8
Slide 9: Experienced management team
ABOUT UNIVERSAL ELECTRONICS Experienced management team with long-term industry experience, company tenure, and a track record of innovation, delivery and performance Paul Arling Chairman & CEO Menno Koopmans Ramzi Ammari Norm Sheridan Rick Carnifax Bryan Hackworth Rick Firehammer Sales & Marketing
Slide 10: More than 3,900 employees in 30 countries
ABOUT UNIVERSAL ELECTRONICS More than 3,900 employees in 30 countries Global HQ Sales offices Scottsdale, Arizona, USA Barcelona, Spain Milan, Italy Regional HQ Seoul, Korea Enschede, The Netherlands Tokyo, Japan Hong Kong R&D sites Manufacturing sites Scottsdale, Arizona, USA Monterrey, Mexico San
Slide 11: Technology leader
ABOUT UNIVERSAL ELECTRONICS World leader in universal control technology • Creator of the industry leading control platform, QuickSet, that allows consumers to easily discover and interact with devices in the home • Design our own wireless connectivity platforms supported with our own firmware, sof
Slide 12: Quality, reliability and speed
ABOUT UNIVERSAL ELECTRONICS Vertically integrated manufacturing • High-volume manufacturing of wireless electronics with efficient supply chain and quality processes • High-quality surface mount technology, zero-gap, plastic injection, acoustic design, painting, keypad, robot soldering and laser etc
Slide 13: Our Markets
Our Markets Universal Electronics - Confidential 13
Slide 14: Diverse, scalable sales channels
Diverse, scalable sales channels 2021 Video Service Providers Consumer Electronics Retail Climate Control Home Security Home Automation Hospitality Universal Electronics - Confidential 14
Slide 15: Our customers
OUR CUSTOMERS 2021 Video Service Providers Consumer Electronics Retail Security, Automation and Hospitality Home Climate Control Home automation Universal Electronics - Confidential 15
Slide 16: Video Service Providers
Video Service Providers Global market leader with many firsts • 70% market share in the U.S. and 50% in Europe • Leader in advanced TV and streaming controllers • Offerings include control products and technology licenses for set-top box, TV and audio control • First to launch mass market voice cont
Slide 17: Consumer Electronics
Consumer Electronics Home Entertainment Control technology leader • Powering over 40% of the world's TVs with control technology • Leading provider of voice remotes, modules, chips and/or software with cloud services for leading TV and game console manufacturers • Only provider of concurrent multi-r
Slide 18: TV Accessory Consumers
TV Accessory Consumers One For All, our consumer brand, is number one in universal audio video accessories • Channel leader in universal remote controls, digital television antennas, television wall mounts and design- led television stands • More than 50% market share in universal remote controls in
Slide 19: Home Climate Control
Home Climate Control Leader in heating, ventilation and air conditioning control • Over 20 years of experience as OEM, ODM and technology solutions provider to leading brands in the HVAC industry • Acquired RCS Technology in 2017, a leading designer and manufacturer of energy management and control
Slide 20: Security, Automation and Hospitality
Security, Automation and Hospitality Leading developer of wireless security and smart home sensors • Acquired Ecolink in 2015, a leading developer of wireless security and smart home technology with more than 20 years of experience • Offerings include sensors, switches, thermostats, remote controls
Slide 21: Our Solutions
Our Solutions Universal Electronics - Confidential 21
Slide 22: Innovating in four areas
OUR SOLUTIONS Innovating in four areas Home Entertainment Connected Home Software & Services Wireless Connectivity ADVANCED REMOTE ADVANCED REMOTE SILICON QUICKSET CONTROLS CONTROLS SOLUTIONS DIGITAL TV ANTENNAS THERMOSTATS AND NEVO.AI TURNKEY & MOUNTS SENSORS DIGITAL ASSISTANT MODULES AUDIO-VIDEO C
Slide 23: Home entertainment control solutions made easy
OUR SOLUTIONS Home entertainment control solutions made easy • Complete portfolio of control devices for all types and market segments • Infrared and RF remotes for television, audio receivers, soundbars, set-top boxes, streaming sticks and other audio video devices • Bluetooth and RF4CE remotes for
Slide 24: Best in class sustainable solutions that minimize carbon footprint
OUR SOLUTIONS Best in Class sustainable solutions that minimize the Carbon Footprint • Announced UEI Eterna Remote Control platform which reduces carbon footprint with over 80% and dramtically reduces batteries waste • Launched Extreme Low Power wireless connectivity platform that reduces power cons
Slide 25: Connecting thermostats, sensors and smart home hubs
OUR SOLUTIONS Connecting thermostats, sensors and smart home hubs • Unique smart home hub with voice control, IP, Zigbee, Bluetooth and infrared control capabilities and interoperabilty services including Matter protocol • Complete portfolio of security grade and home automation qualified sensors in
Slide 26: Turnkey, optimized silicon and modules
OUR SOLUTIONS SOLUTIONS Turnkey, optimized silicon and modules • Complete portfolio of uniquely designed low power silicon types for a wide range of in-home applications including entertainment, climate control, automation and security • Newly launched extreme low power wireless silicon with energy
Slide 27: QuickSet is the industry standard for home control
OUR SOLUTIONS QuickSet is the industry standard for home control • Launched in 2008, QuickSet has been deployed in over 600M devices and is providing the worlds' most comprehensive knowledge graph for discovery and control of entertainment and smart home devices. • QuickSet Cloud is continous expand
Slide 28: Digital assistant platform for home entertainment and smart home
OUR SOLUTIONS Digital assistant platform optimized for home entertainment and smart home devices • White label digital assistant platform to connect services with devices and people in the home • Built on QuickSet Cloud, nevo.ai supports built-in services including UEI's interoperability and virtual
Slide 29: Blending home entertainment and smart home control experiences
OUR SOLUTIONS Blending home entertainment and smart home control experiences • Turnkey Nevo Butler smart home hub with a built-in digital assistant providing far-field voice technology to enable control of smart home devices • Nevo Voice Companion allows for far-field voice control of existing Advan
Slide 30: Our Achievements
Our Achievements Universal Electronics - Confidential 30
Slide 31: Long term, sustainable value creation: net sales and EPS
$103.9 $120.5 $158.4 $181.3 in millions $235.8 over 19 years Net Sales* $272.7 10% CAGR $287.1 $317.6 $331.8 $468.6 $463.1 LONG TERM, SUSTAINABLE VALUE CREATION $529.4 $562.3 $602.8 $654.1 $696.5 $678.5 $751.7 $615.4 $600.9 * Non-GAAP reporting – for reconciliation of Adjusted non-GAAP to GAAP pleas
Slide 32: High customer satisfaction
OUR ACHIEVEMENTS High customer satisfaction • Growing customer base of top-tier accounts across all channels • High levels of customer loyalty and retention; average customer life span is 10+ years and growing • Long term partnership with leading global accounts • 20+ years: Comcast, DirecTV • 15+ y
Slide 33: R&D investments that pay off
OUR ACHIEVEMENTS R&D investments that pay off • Consistent spend of >5% on R&D annually • Annual growth of patent portfolio with more than 600 patents in control and sensing technology filed around the world • Awarded Technology Emmy for groundbreaking work in interaction design for television syste
Slide 34: Active Corporate Social Responsibility agenda
OUR ACHIEVEMENTS Active Corporate Social Responsibility agenda • Management commitment to a sustainable future with an active ESG agenda • Factory compliance validation with many accredited CSR standards: Ecovadis, Responsible Business Alliance, Ethical Trading Initiative and others. UEI is signed o
Slide 35: Many prestigious design awards
OUR ACHIEVEMENTS Many prestigious design awards • Our Designovation team has created many award-winning product based on deep user insights, and combining innovative technologies with sustainable and aesthetically pleasing designs • In last three years, the team was recognized with seven Red Dot Awa
Slide 36: Thank you! Questions?
Thank you! Questions? Universal Electronics - Confidential 36
Universal Electronics — Investor Presentation (May 2022) on 6ix