Lattice Semiconductor Corporation · NASDAQ:LSCC
Lattice Semiconductor — Merger or Acquisition (November 2016)
23 slides from Lattice Semiconductor's merger presentation, Nov 8, 2016
Slide 1: Accelerating Customer Innovation For A Better Connected World
Accelerating Customer Innovation For A Better Connected World LATTICE SEMICONDUCTOR November 2016
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements that involve estimates, assumptions, risks and uncertainties, including statements relating to the expected closing date and potential benefits of the acquisition by Canyon Bridge Capital Partners, Inc., our enabling a better connecte
Slide 3: Additional Information about the Proposed Merger And Where To Find It
Additional Information about the Proposed Merger And Where To Find It In connection with previously announced acquisition of the Company by Canyon Bridge Capital Partners, Inc. (the “Merger”) pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Canyon Brid
Slide 4: Business Overview: Lattice's Direction
BUSINESS OVERVIEW Lattice’s Direction
Slide 5: Lattice Semiconductor Company at a glance
Lattice Semiconductor Company at a glance HQ: Headquarters DC: Development Ctr. OC: Operations Ctr. GLOBAL PRESENCE Enabling processing and connectivity applications where time-to-market, low power, and small size are critical. CONSUMER INDUSTRIAL & AUTOMOTIVE COMMUNICATIONS & COMPUTING PROGRAMMABLE
Slide 6: Lattice Semiconductor to be Acquired by Canyon Bridge Capital Partners, Inc. for $1.3 Billion
Lattice Semiconductor to be Acquired by Canyon Bridge Capital Partners, Inc. for $1.3 Billion All cash transaction announced on November 3, 2016; expected to close in early 2017 subject to customary closing conditions and regulatory approvals Transaction expected to unlock tremendous value for share
Slide 7: Challenges for Product Designers & Engineers
Challenges for Product Designers & Engineers Devices becoming smarter and more connected as size and power are driven down CONSUMER COMMUNICATIONS & COMPUTING INDUSTRIAL & AUTOMOTIVE Increasing screen size & resolution Longer battery life Rapidly evolving interfaces Shorter design cycles High-bandwi
Slide 8: Lattice Enables a Better Connected World
Lattice Enables a Better Connected World We make your daily experiences smarter and richer
Slide 9: Consumer Market
CONSUMER MARKET Increasing screen size & resolution Longer battery life Rapidly evolving interfaces Shorter design cycles HDMI & MHL ASSPs iCE40 & MachXO3 FPGAs SiBEAM Snap wireless connector devices Digital Home DTV, home theater, smart homes Mobile Computing Smartphones, tablets, DSLRs, notebooks
Slide 10: Consumer Technology examples
iCE40 FPGAs, WiHD Modules Processing power & standards based wireless enable interference-free smart appliances HDMI & MHL ASSPs Low latency, 4K UHD video, & full audio connections provide a richer media experience iCE40 FPGAs Small form factors fit tight spaces. Low power enables functions that are
Slide 11: Communications & Computing Market
COMMUNICATIONS & COMPUTING MARKET High-bandwidth & ultra-low latency Data security Fiber expensive to install Driving reliability up and costs down ECP5 & MachXO3 FPGAs Mixed signal devices mmWave backhaul & access Wireless LTE 4.5G / 5G HetNet Backhaul Wireline Access IP transport Optical Data Cent
Slide 12: Communications & Computing Technology examples
ECP5 FPGAs Low power reduces operating costs; small size enables higher functional density; co-processing accelerates systems, I/O rich allows more connections with ASICs & ASSPs Communications & Computing Technology examples mmWave Backhaul & Access Solutions 60 GHz devices with beam-steering techn
Slide 13: Industrial & Automotive Market
INDUSTRIAL & AUTOMOTIVE MARKET More intelligent controls HD video processing & storage Increased number of sensors Wireless networking MachXO3 & ECP5 FPGAs HD video solutions Wired (HDMI, FPGA) Wireless (WiHD modules) Automotive & industrial grade devices Machine vision & surveillance cameras Indust
Slide 14: Industrial & Automotive Technology examples
ECP5 FPGAs Human Machine Interface (HMI) on a chip simplifies design of high resolution interactive Graphical User Interfaces HD Video Solutions FPGA, HDMI ASSP, & WiHD ecosystem eliminates wires & increases performance of video capture / delivery / display applications iCE40 FPGAs, SiBEAM Snap mmWa
Slide 15: Lattice Smart Connectivity Solutions
Lattice Smart Connectivity Solutions A complete portfolio helps our customers get a better product to market faster mmWave Gigabit Wireless FPGAs Fast Time-to-Market Lowest cost per I/O, Control oriented Lowest power & size, Mobility focused Lowest cost per gate, SERDES connectivity Wireless Fiber o
Slide 16: Lattice Smart Connectivity Solutions: advantages
z Lattice Smart Connectivity Solutions A complete portfolio helps our customers get a better product to market faster mmWave Gigabit Wireless FPGAs Fast Time-to-Market Lattice advantages: Fast Time-To-Market Lowest power, smallest size computing & connectivity devices Proven volume supply chain Latt
Slide 17: Roadmap To Anticipate & Meet Market Needs
Roadmap To Anticipate & Meet Market Needs Leveraging our differentiated technology to create unique solutions TVs Gigabit Wireless Ultra HD Video Smart Vision Mobile Heterogeneous Computing Edge Connectivity mmWave Devices HDMI & MHL ASSPs Programmable ASSPs Mobile FPGAs Bridging & Acceleration FPGA
Slide 18: We will be the undisputed global leader
As more “things” become intelligent, mobile, and talk with each other in increasingly complex ways, we will be the undisputed global leader Accelerating Customer Innovation For A Better Connected World
Slide 19: Financial Overview: Lattice's Performance
FINANCIAL OVERVIEW Lattice’s Performance
Slide 20: Revenue Highlights
Revenue Highlights Total Revenue ($M) Total Revenue By Segment Total Revenue By Region 11% CAGR
Slide 21: Quarterly P&L
Quarterly P&L 1Q15 2Q15 3Q15 4Q15 FY15 1Q16 2Q16 3Q16 Revenue ($M) $88.6 $106.5 $109.7 $101.2 $406.0 $96.5 $99.2 $113.2 COGS 40.8 48.3 49.9 47.1 186.1 39.4 40.8 45.8 GM 54% 55% 55% 54% 54% 59% 59% 60% R&D 27.6 39.6 37.6 32.1 136.9 32.6 30.9 27.7 SG&A 21.1 28.2 23.8 24.2 97.3 23.6 23.0 29.2 Amortizat
Slide 22: Balance Sheet
Balance Sheet ASSETS ($M) 1/2/16 10/1/16 Cash and short-term investments $102.6 $98.9 Accounts receivable, net 88.5 93.9 Inventories 75.9 80.5 Other current assets 18.9 18.7 TOTAL CURRENT ASSETS 285.9 292.0 Property & equipment, net 51.8 51.6 Other long-term assets 17.5 15.1 Intangible assets, net 1
Slide 23: Accelerating Customer Innovation For A Better Connected World
Accelerating Customer Innovation For A Better Connected World LATTICE SEMICONDUCTOR November 2016
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