Slide 1: Investor Overview
I N V E S TO R O V E R V I E W FEBRUARY 2023
Slide 2: Safe Harbor Disclosure
SAFE HARBOR DISCLOSURE This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are
Slide 3: Q4 2022 Highlights
Connected Q 4 ’ 2 2 H I G H L IHome GHTS Quarterly Revenue of $249.1 Million 39% Share in U.S. Retail WiFi Market1 30% Y/Y Growth in SMB for Record Revenue 22.8 Million Registered Users Worldwide 16.2 Million Registered App Users Worldwide 747,000 Service Subscribers 1The NPD Group/Weekly Retail Tra
Slide 4: Our Mission
OUR MISSION Be the innovative leader in connecting the world to the internet.
Slide 5: Technologies and Applications
TECHN OLOGIES A P P L I C AT I O N S Life revolves Quad-band Mesh around the Sports & Events internet AV over IP Whole Home WiFi Virtual experiences displace physical 5G - mmWave Video Conferencing experiences PoE++ All enabled by First Responders leading edge WiFi and Ethernet WiFi 6 / WiFi 6E tech
Slide 6: Connected Home
Connected Home CONNECTED HOME Products & Technology
Slide 7: The demand for always-on, high-speed, secure WiFi
The demand for always-on, high-speed, secure WiFi, at home and on-the- go has led to an expanding segment of premium WiFi.
Slide 8: Highly Differentiated, Premium Connectivity Solutions
HIGHLY DIFFERENTIATED, PREMIUM CONNECTIVITY SOLUTIONS, ONLY FROM NETGEAR QU A D - B A ND
Slide 9: WiFi Leadership in Every Single Category
WIFI 6 LEADERSHIP IN EVERY SINGLE CATEGORY BE ST M E SH NE TW OR K MESH ROUTER RANGE EXTENDER CABLE
Slide 10: The best multi-gigabit WiFi. Everywhere.
PREMIUM WIFI The best multi-gigabit WiFi. Everywhere.
Slide 11: Orbi 9 Series Unrivalled Performance
ORBI 9 SERIES UNRIVALLED PERFORMANCE Elite mesh kit delivers mega speeds, maximum coverage “The Netgear Orbi RBKE963 is a stellar (albeit quite expensive) three-piece Wi-Fi 6E mesh system that harnesses the 6GHz band to offer some of the fastest throughput speeds we’ve ever seen.” “Of all the mesh r
Slide 12: NETGEAR Direct
NETGEAR DIRECT–CURATED PREMIUM BRAND EXPERIENCE Exclusive destination to engage with premium customers Rich content, product selectors, concierge service
Slide 13: Value Added Subscription Services
VALUE ADDED SUBSCRIPTION SERVICES SECURITY PRIVACY SUPPORT
Slide 14: Protects Connected Devices
PROTECTS CONNECTED DEVICES TRADITIO NAL ANTI- VIRUS ONLY PROTECTS PERSONAL DEVICES
Slide 15: Nighthawk M6 Pro
NIGHTHAWK M6 PRO INDUSTRY’S FIRST 5G + WiFi 6E MOBILE HOTSPOT ROUTER • Secure WiFi and 5G connectivity - at home, at work or anywhere on-the-go • World’s first hotspot using Qualcomm SDX62 and SDX65 chipsets M6 M6 PRO • With mmWave, M6 Pro delivers the fastest 5G speeds on global Service Provider Pa
Slide 16: Always-on, Secure, High-Speed Internet Connectivity
ALWAYS-ON, SECURE, HIGH-SPEED INTERNET CONNECTIVITY ANYWHERE AND EVERYWHERE A FFLUENT JETSETTER S MOBILE WORKFORCES WIRED LINE REPLACEMENT Travelling for business or pleasure Instant and secure connectivity for Reliable 5G internet as primary or Secure connection for critical business team members a
Slide 17: Meural Premium Display for NFTs and Digital Art
M E U R A L P R E M I U M D I S P L AY F O R N F T S A N D D I G I TA L A R T • Old art, new art, NFT crypto-art and everything in between Mumbot • Meural lets you enjoy over $3 Billion of >3M+ followers art in one digital frame • Share life’s moments, instantly. Take your favorite photos from phone
Slide 18: CHP Growth Strategy
C H P G R O W T H ST R AT E G Y Premium WiFi 6 World class direct to Subscription services align and 5G devices consumer experience with premium segment
Slide 19: NETGEAR Business & NETGEAR AV
NETGEAR BUSINESS & NETGEAR AV Products & Technology
Slide 20: Switches Engineered for AV over IP
SWITCHES ENGINEERED FOR AV OVER IP O U T- O F -T H E - B O X S U P P O R T F O R E V E R Y N E T W O R K E D A V S O L U T I O N
Slide 21: ProAV Applications
PROAV APPLICATIONS Digital Conference Rooms Corporate Recording Studios Digital Classrooms Live Event Streaming Robot Assisted Surgical Procedures Resort/Casino/Commercial Video Walls Digital Signage at Transportation Hubs Digital Umpiring Data Visualization for Sporting Events Digital Green Screens
Slide 22: Small Business & Home Office Solutions
SMAL L BUSIN ESS & HOME OFFICE SOLUTION S – BOOMIN G DEMAN D WiFi 6, secure, mesh capable Simple to set up Easy network management
Slide 23: Leading the SMB WiFi Transition
LEADING THE SMB WIFI TRANSITION BUSINESS ESSENTIALS PRO WIFI ACCESS POINTS
Slide 24: Insight & Insight Pro
I N S I G H T & I N S I G H T P R O - E A S Y N E T W O R K M A N A G E M E N T, L O C A L & R E M O T E SCREENSHOT PREMIUM PRO BUSINESS VPN $9.99 per year per device $22 per year per device Secure one-step VPN
Slide 25: SMB Growth Strategy
S M B G R O W T H ST R AT E G Y Pro WiFi Access Points Pro AV Switches AV
Slide 26: Financials
FINANCIALS
Slide 27: Quarterly Net Revenue
Q U A R T E R LY N E T R E V E N U E (Net Revenue, $ Millions) $400 $350 $300 $318 $309 $290 $250 $251 $250 $249 $200 $223 $211 $150 $100 $50 $0 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22
Slide 28: Segment Performance
SEGMENT PERFORMANCE (Net Revenue, $ Millions) CO N N E CTED HO ME SMB 300.000 100 90 250.000 80 70 200.000 60 150.000 50 40 100.000 30 20 50.000 10 0.000 0 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Retail Service Provider
Slide 29: Regional Performance
REGIONAL PERFORMANCE (Net Revenue, $ Millions) AMERICAS EMEA A PA C 250 70 80 60 70 200 60 50 50 150 40 40 30 100 30 20 20 50 10 10 0 0 0
Slide 30: Operating Margin
O P E R AT I N G M A R G I N (Non-GAAP, % Of Revenue) 15% 13% 13.3% 11% 9% 8.6% 7% 6.7% 5% 3% 2.7% 1% 0.7% -1% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 -1.9% -1.6% -3% -4.4% -5%
Slide 31: Earnings Per Share
EARNINGS PER SHARE (Non-GAAP, $ Per Share)
Slide 32: Cash Balance
CASH BALANCE (Cash, Cash Equivalents And Short-Term Investments, $ Millions) $400 $350 $371 $335 $300 $292 $250 $272 $264 $250 $233 $227 $200 $150 $100 $50 $0 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22
Slide 33: Appendix
APPENDIX NETGEAR’
Slide 34: Reconciliations of GAAP Measures to Non-GAAP Measures
NETGEAR, INC. RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (In thousands, except percentage data) (Unaudited) Three Months Ended March 28, Tane 27, October 3, December 31, April3, Taly3, October3, December 31, 2021 2021 2021 2021 2022 2022 2022 2022 GAAP operating income (loss) s 31,327 $ 2
Slide 35: Net Income (Loss) Per Diluted Share
NET INCOME (LOSS) PER DILUTED SHARE: GAAP net income (loss) per diluted share Amortization of intangibles Stock-based compensation expense Change in fair value of contingent consideration Goodwill impairment Restructuring and other charges Litigation reserves, net Gain/loss on investments, net Non-G