Qualcomm Incorporated · NASDAQ:QCOM
Qualcomm — Shareholder Meeting (March 2020)
21 slides from Qualcomm's shareholder meeting presentation, Mar 10, 2020
Slide 1: Annual Meeting of Stockholders 2020
March 10, 2020 San Diego, CA Annual Meeting of Stockholders 2020 @qualcomm
Slide 2: Mark McLaughlin, Chairman of the Board
Mark McLaughlin Chairman of the Board, Qualcomm Incorporated
Slide 3: Annual Meeting of Stockholders 2020
March 10, 2020 San Diego, CA Annual Meeting of Stockholders 2020 @qualcomm
Slide 4: Steve Mollenkopf, CEO
Steve Mollenkopf CEO, Qualcomm Incorporated
Slide 5: Note regarding forward looking statements
Note regarding forward looking statements In addition to the historical information contained herein, this presentation and the conference call that accompanies it to continue to evolve our patent portfolio, and which may be impacted by the proliferation of devices in new industry contain forward-lo
Slide 6: Fiscal 2019 results
Fiscal 2019 results $19.4B 1 Non-GAAP Revenues Mobile Adjacent Licensing $4.3B handset platform platforms Non-GAAP Core chipsets Automotive Handset trends Earnings Before Taxes (EBT) RF Front-End Compute Fingerprint IoT $3.54 Non-GAAP Diluted Earnings Per Share (EPS) $11.3B $3.4B $4.6B FY19 revenues
Slide 7: Fiscal Year in review
Fiscal Driving 5G globally1 275+ 5G devices launched Stock repurchase2 $23B repurchased under our $30B 2019 or in development authorization at $65 avg. price per share 22% reduction of our shares outstanding Year in Apple review Six-year license agreement and a multi- year chipset supply agreement R
Slide 8: Grow capital returns and maintain strategic flexibility
Grow capital returns and maintain strategic flexibility Stock repurchases and dividends $91B Cumulative return of capital $0.65 Increased quarterly $0.53 $0.57 $0.62 $0.65 to stockholders dividend $0.48 $0.42 $0.35 $0.25 $0.22 $0.19 Ju n '10 Ju n '11 Ju n '12 Ju n '13 Ju n '14 Ju n '15 Ju n '16 Ju n
Slide 9: Our strategy
Our strategy Invest in the fundamental technologies that enable industries to use cellular and then scale it worldwide Source sample text
Slide 10: World-leading wireless technology innovator
World-leading wireless technology innovator + 5G leadership Integrated portfolio of 5G drives adjacent Attractive long-term driving content uplift leading technologies and growth opportunities and financial profile with revenue and core growth anchor license agreements revenue diversification growth
Slide 11: Unmatched patent portfolio value
Unmatched patent portfolio value $61B+ Cumulative R&D spend 140,000+ Granted patents/pending applications 30+ years of Foundational Fundamental Valuable 300+ License agreements to date wireless R&D system-level inventions implementation and standards innovations enabling patent portfolio leadership
Slide 12: Honoree
2020 Honoree
Slide 13: 5G momentum accelerating globally
5G momentum accelerating globally 45+ OEMs have launched or 345+ 1B+ 5G connections by 2023— Operators in 119 announced 5G devices countries investing in 5G 2 years faster than 4G 50+ Operators with 5G 750M 2.8B 5G smartphones 5G connections commercially deployed to ship in 2022 by 2025 Sources – 5G
Slide 14: Up to $13.2 Trillion in goods and services enabled by 5G in 2035
Up to $13.2 Trillion in goods and services enabled by 5G in 2035 Source: The 5G Economy, IHS Markit – commissioned by Qualcomm, October 2019
Slide 15: How does Qualcomm profit from 5G?
SoC More revenue per device Growing opportunity as cellular roadmap How does intersects other industries Qualcomm profit from 5G? Future of cloud and AI strongly aligned with 5G
Slide 16: 5G is the future of the Internet
Mobile Computing 5G XR Cloud Auto is the future of the Internet IoT Fixed Edge cloud AI
Slide 17: Annual Meeting of Stockholders 2020
March 10, 2020 San Diego, CA Annual Meeting of Stockholders 2020 @qualcomm
Slide 18: Thank you
Thank you Follow us on: For more information, visit us at: www.qualcomm.com & www.qualcomm.com/blog Nothing in these materials is an offer to sell any of the References in this presentation to “Qualcomm” may mean Qualcomm components or devices referenced herein. Incorporated, Qualcomm Technologies,
Slide 19: Reconciliations
Reconciliations
Slide 20: Note regarding use of Non-GAAP financial measures
Note regarding use of Non-GAAP financial measures The Non-GAAP financial measures presented herein should be considered in addition to, not as a substitute • Share-based compensation expense primarily relates to restricted stock units. We believe that excluding for or superior to, financial measures
Slide 21: Fiscal 2019 results
Fiscal 2019 results In millions, except per share data Less Share-Based GAAP results Less QSI Compensation Less Other Items1 Non-GAAP Results FY ’19 Revenues $24,273 $152 $— $4,723 $19,398 Earnings (loss) before tax 7,481 344 (1,037) 3,889 4,285 Net income (loss) 4,386 271 (853) 645 4,323 Diluted EP