Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Merger or Acquisition (August 2019)
10 slides from Diodes's merger presentation, Aug 9, 2019
Slide 1: Diodes to Acquire Lite-On Semiconductor
Diodes to Acquire Lite-On Semiconductor August 8, 2019 LITE-ON SEMICONDUCTOR CORP. Exhibit 99.3
Slide 2: Forward-looking statements
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 not limited to, the fo
Slide 3: A Strategic Combination
TTM Revenue $230M TTM Revenue $1.26B High volume Discrete, Analog, Logic and Mixed-Signal products Cost efficient manufacturing capabilities Strong global presence Broad product and customer base 3 C's with growth focus on Automotive and Industrial Strategic Synergies Aligned Discrete and Protection
Slide 4: Lite-On Semiconductor Highlights
Lite-On Semiconductor Highlights Business Overview Financial Overview Corporate Overview Manufacturing Overview Asia-based semiconductor supplier specializing in “green” power-related Analog and Discrete devices Focus on Power Discretes, including rectifiers and TVS Full range of contact image senso
Slide 5: Transaction Rationale
Aligned Product Offering Growth and Integration Opportunities Enhanced Scale Aligned Discrete product portfolios: Rectifiers, Protection Products, Photo Diodes Creates world’s largest supplier of general purpose bridge products for AC-DC applications Potential profitability improvement through opera
Slide 6: Lite-On Manufacturing Infrastructure
Page Lite-On Manufacturing Infrastructure Hsinchu, Taiwan Wafer Fab 25K 6” wafers per month Bipolar, BCD, CMOS Processes Merged 2005 Wuxi, China Wafer Fab 190K 4” wafers per month GPP Processes Opened 2004 Shanghai, China Wafer Fab 110K 3” wafers per month GPP Processes Opened 1993 Keelung, Taiwan W
Slide 7: Pro-Forma Financial Overview
Page Pro-Forma Financial Overview Large revenue base with $1.5B annual combined revenue Immediately accretive to non-GAAP EPS Recapture LSC’s holding of 15.3% of DIOD shares Note: All dates reflect calendar quarter Combined Company (1) (2) (1) Intercompany revenue is eliminated (2) Includes the inte
Slide 8: Significant Step in Executing Strategic Plan
Significant Step in Executing Strategic Plan Page *Represents pro-forma trailing twelve months for Diodes and Lite-On results combined 2017 TTM 2Q19* Goal 2025 Implied CAGR Revenue $1.05B $1.5B $2.5B 11.4% GP% 33.8% 34.0% 40% GP$ $357M $500M $1B 13.8% R&D% 7.4% 6.6% 7% SG&A% 15.9% 14.8% 13% Operatin
Slide 9: Diodes Strategy: Profitability Growth
Diodes Strategy: Profitability Growth Page Lite-On Semiconductor is another key milestone
Slide 10: Thank you
Thank you Company Contact: Diodes Incorporated Laura Mehrl Director of Investor Relations P: 972-987-3959 E: laura_mehrl@diodes.com Investor Relations Contact: Shelton Group Leanne K. Sievers EVP, Investor Relations P: 949-224-3874 E: lsievers@diodes.com www.diodes.com
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