Synaptics Incorporated · NASDAQ:SYNA
Synaptics — Q4 FY2019 Earnings Presentation
16 slides from Synaptics's earnings presentation, Aug 8, 2019
Slide 1: Fourth Quarter Fiscal 2019 Earnings
Fourth Quarter Fiscal 2019 Earnings August 8, 2019 Exhibit 99.2
Slide 2: 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 current expectations a
Slide 3: Non-GAAP Results
Non-GAAP Results •In evaluating our business, we consider and use non-GAAP net income, which we define as net income excluding share-based compensation, acquisition related costs, and certain other non-cash or recurring and non-recurring items we do not believe are indicative of our core operating p
Slide 4: Michael Hurlston, Appointed President & CEO, Synaptics
Michael Hurlston, Appointed President & CEO, Synaptics “After a comprehensive search, we selected Michael because of his strong track record of growing large businesses to achieve consistent profitable growth and market penetration. He also brings extensive strategy and technology experience in our
Slide 5: Q4FY19 Business Highlights: Accelerating Our Corporate Transformation
Q4FY19 Business Highlights Accelerating Our Corporate Transformation Investment areas for higher profitability and growth Edge Computing SoCs for Consumer IoT in the smart home Fingerprint sensors and TDDI for automotive OLED display and touch for mobile devices Audio SoCs for wired and true wireles
Slide 6: Disciplined Financials
Disciplined Financials Gross margin exceeded high-end of guidance range Product portfolio diversification and rebalancing to focus on higher margin business Improved revenue mix leading to higher and more sustainable margins Two consecutive quarters of non-GAAP gross margin above 39% Targeting 40% g
Slide 7: Q4FY19 Financial Results
Q4FY19 Financial Results See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures Year over Year Q1’19 Actual Q1’18 Actual Delta $ Delta %
Slide 8: Q4FY18 and Q4FY19 Results vs Q4FY19 Guidance
Q4FY18 and Q4FY19 Results vs Q4FY19 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures
Slide 9: Fourth Quarter Fiscal 2019 Cash & Debt
Fourth Quarter Fiscal 2019 Cash & Debt 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. $ Millions
Slide 10: Fourth Quarter Fiscal 2019 Balance Sheet
Fourth Quarter Fiscal 2019 Balance Sheet Balances are as of the end of each quarter presented Debt, net balance reflects debt net of discount and debt issuance costs Repurchased 3.29 million shares in FY ‘19 for $119 million
Slide 11: First Quarter Fiscal 2020 Guidance
First Quarter Fiscal 2020 Guidance See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures
Slide 12: Revenue Trend
Revenue Trend $ Millions Mid-Point Guidance
Slide 13: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Non-GAAP Net Income Non-GAAP EPS See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures
Slide 14: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables
Slide 15: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued
Slide 16: @ Synaptics’
ie @ Synaptics’ (©2019 Synaptics Incorporated ‘Synaptics, the Synaptics logo, TouchPad, ClickPad, SecurePad, ClearPad, ClearView, Synaptics TouchView, Natural 1D, ClearForce, SentryPoint, AudioSmart, VideoSmart, ImagingSmart, SyNAP, Design Studio, Image Studio and