Slide 1: Silicon Labs Investor Presentation
Silicon Labs Investor Presentation February 7, 2024
Slide 2: Private Securities Litigation Reform Act of 1995
Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements based on Silicon Labs’ current expectations. The words “believe”, “estimat e”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silicon Labs are in
Slide 3: Pure-Play Leader of Intelligent Wireless Connectivity
Revenue $M $1,024 FOUNDED IN 1996 $782 $721 $511 Pure-Play Leader of Intelligent Wireless Connectivity L I ST E D SL AB CY2020 CY2021 CY2022 CY2023 ▪ Unmatched Breadth, Depth, and Focus ▪ Strong revenue, share, and EPS growth track record Non-GAAP EPS $ ▪ Leadership position in large secular growth
Slide 4: Our Vision and Values
Our Vision and Values VISION VALUES To empower developers to create wirelessly connected devices that transform industries, grow economies, and improve lives. We hire, foster and We create customer value We meet our commitments We do the right thing! empower great talent and commercial success and h
Slide 5: Deep Customer Relationships & Commitment to Innovation
Deep Customer Relationships & Commitment to Innovation LEAP AWARDS E E AW AR D S O F ASI A & T AI W AN EMBEDDED WORLD 2023 G R E AT P L AC E T O W O R K 2 0 2 3 Gold in Connectivity BG24 and MG24 families B E ST I N SH O W Gold in Connectivity BG24 and MG24 families of of 2.4 GHz wireless SoCs Certi
Slide 6: Consistently Outperforming the Market
SLAB vs Market Performance Y-Y Growth 50% 40% Consistently 30% Outperforming 42% GROWTH IN 20% the Market FY 2022 10% 0% 2014 2015 2016 2017 2018 2019 2020 2021 2022 -10% SLAB Market 6 ©2023 Silicon Labs Inc. All rights reserved.
Slide 7: IoT Accelerating Market Opportunity
Edge IoT Market Growth ($B) $17.4 $13.2 IoT Accelerating Market … $6.4 $7.0 Opportunity 2016 2019 2023 2025 2020 Analyst Day 2022 Analyst Day 7 ©2023 Silicon Labs Inc. All rights reserved.
Slide 8: Established Industrial & Commercial IoT Leader as Megatrends Accelerate Growth
Established Industrial & Commercial IoT Leader as Megatrends Accelerate Growth Solar Panels Large and growing market Pole Tilt Sensor Broad, diverse, durable customer application base Streetlight EV Charger Our IoT solutions are well-positioned to capture Electric Meter significant share of growth W
Slide 9: ROI-Driven Market
Industrial & Commercial SAM INDUSTRIAL & COMMERCIAL ROI-Driven Market >15% 2021->2025 CAGR ▪ Renewables and electric vehicle infrastructure ▪ Smart lighting, shelf labels, commercial infrastructure ▪ Asset tracking, predictive maintenance, and production optimization 2021 2023 2025 Industrial Commer
Slide 10: Positioned to Win, Lead and Scale in Home & Life
Positioned to Win, Lead and Scale in Home & Life Making IoT as ubiquitous as the electricity at home or the smartphone in your pocket Actively shaping the future of wireless standards and ecosystems Outperforming market with secure, optimized, wireless solutions that work with every ecosystem 10 ©20
Slide 11: Enabling Smarter, Connected Living
HOME & LIFE Home & Life SAM Enabling Smarter, Connected Living >12% 2021->2025 CAGR ▪ Home security and automation ▪ Smart appliances, wearables, entertainment ▪ Medical and lifestyle 2021 2023 2025 Home Life 11 ©2023 Silicon Labs Inc. All rights reserved.
Slide 12: Revenue Diversity Across Customers and Regions
Revenue Diversity Across Customers and Regions 2022 Customers 2022 Region EMEA Long Tail Largest customer is Americas ~5% >140 $1M customers 2012 2012 APAC 12 ©2023 Silicon Labs Inc. All rights reserved.
Slide 13: Unmatched Breadth & Depth of Our Wireless Portfolio
Unmatched Breadth & Depth of Our Wireless Portfolio Amazon Alexa Amazon Sidewalk Google Home Apple HomeKit SmartThings Xfinity Home 13 ©2023 Silicon Labs Inc. All rights reserved.
Slide 14: Purpose-built Platform for the IoT
Purpose-built Platform for the IoT 14 ©2023 Silicon Labs Inc. All rights reserved.
Slide 15: Strategic and Consistent Capital Deployment
Strategic and Consistent Capital Deployment Capital Deployment Since 2007 >$2B >25% ~$100M Of share repurchases since the Of outstanding shares Remaining under current ~$3.4B divestiture in April 2021 retired since April 2021 authorization $1.0B 14 ~$1.0B ~$2.8B Acquisitions integrated since start o
Slide 16: Strong & Sustainable Growth, & Highly Attractive Target Model
Strong & Sustainable Growth, & Highly Attractive Target Model Growth supported by massive pipeline and strong design-win momentum Long-Term Target Model Current @ Various Revenue Levels Revenue High growth $1.25B $1.5B Revenue CAGR % CAGR ~20% Gross Margin %1 $17B +13% High-50s% Mid-50s% (Non-GAAP)
Slide 17: Pure-Play Leader of Intelligent Wireless Connectivity
Pure-Play Leader Unmatched breadth, depth, and focus of Intelligent Wireless Strong revenue, share, and EPS growth track record Connectivity Leadership position in large secular growth market Driven by our vision and values 17 ©2023 Silicon Labs Inc. All rights reserved.
Slide 18: Thank you!
€S> SILICON LABS Thank you! silabs.com