Microchip Technology Incorporated · NASDAQ:MCHP
Microchip Technology — Credit Suisse 23rd Annual Technology Conference 2019
18 slides from Microchip Technology's conference presentation, Dec 4, 2019
Slide 1: Credit Suisse 23rd Annual Technology Conference
Credit Suisse 23rd Annual Technology Conference Steve Sanghi, Chairman & CEO microchip.com December 4th, 2019
Slide 2: Forward Looking Statement Safe Harbor
Forward Looking Statement Safe Harbor: During the course of this presentation, we will make projections or other forward-looking statements regarding the future financial performance of the company (including our guidance) or future events, including our strategy, growth drivers, industry outlook, i
Slide 3: Q2FY20 Business Results & Q3FY20 Guidance
Q2FY20 Business Results & Q3FY20 Guidance • Q2FY20 net sales of $1.338B, up 1.1% sequentially and down 6.6% from a year ago quarter. • Non- GAAP gross margin of 62.24% near a record high. • Lowest distribution inventory in fifteen years except one quarter (FQ3 2013). • Record quarterly dividend decl
Slide 4: Total Billings + Backlog: FQ3'19, FQ4'19 & FQ1'20
Microchip Total Billings + Backlog: FQ3’19, FQ4’19 & FQ1’20 ©December 2019 4
Slide 5: Total Billings + Backlog: FQ2'20 Added
Microchip Total Billings + Backlog: FQ2’20 Added ©December 2019 5
Slide 6: Total Billings + Backlog: FQ3'20 Added
Microchip Total Billings + Backlog: FQ3’20 Added ©December 2019 6
Slide 7: Six Megatrends
Six Megatrends 5G Data Centers ADAS/Autonomous Driving IoT Electric Vehicles AI/Machine Learning ©December 2019 7
Slide 8: Microchip in 5G
Microchip in 5G 5G Infrastructure 5G Enabled Markets Radio & Small Cell Automotive Precision Oscillators Ethernet, PCIe ® Network Synchronization FPGA / MPU / MCU SAW Filters SAW Filters Power over Ethernet Timing Ethernet Switch/PHY Security FPGA AC-DC, DC-DC Security AC-DC, DC-DC Industry 4.0 Base
Slide 9: Microchip in IoT
Microchip in IoT Smart Factory Smart Home / Smart Building Smart City / Smart Utility Sensor & Actuators AI/Machine Learning Voice & HMI Wireless Connectivity Sensor & Actuators Environmental sensors Object Detection/ Voice/Audio Chips Wi-Fi ® LoRa Environmental Sensors Motor Control Identification
Slide 10: Microchip in Data Center
Microchip in Data Center Simplified IT Storage & Compute Infrastructure Wireless Maintenance IO Controllers and Host Bus Adapters Graphical/Touch Displays RAID IO Controllers and RAID Adapters Front/Rear Panel I/O SAS Expanders PCIe Switches, Fabrics, and Retimers Tachyon IO Controllers Universal Ba
Slide 11: Microchip in Electric Vehicles
Microchip in Electric Vehicles eSound DSP Processing Networking Electric Motor Power Monitoring Motor Control Temp Sensing Motor Position Sensing Thermal System/Compressor Silicon Carbide Motor Control Temp Sensing Temp Sensing Networking Regenerative Braking System Battery Management System Inverte
Slide 12: Microchip in ADAS & Autonomous Driving
Microchip in ADAS & Autonomous Driving Lane Keep Assist Back up Camera Adaptive Lighting Lane Departure Surround View Camera LED Matrix Lighting Front Collision Automatic Emergency Braking Autonomous Parking Avoidance Traffic Sign Pedestrian Detection Parking Sensors Recognition Blind Spot Detection
Slide 13: Microchip in AI/Machine Learning
Microchip in AI/Machine Learning Smart Embedded Vision ML Training & Inference FPGA: Performance / watt PCIe ® switch: Low latency, high port count MCU: Broad portfolio Storage controller: Market leading portfolio Analog: Broad portfolio FPGA: Compute on the Edge Security: Best in class Network conn
Slide 14: Annual End Market Demand
Annual End Market Demand* $6,000 $5,500 $5,000 Millions of Dollars $4,500 $4,000 $3,500 19.8% CAGR $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 * End market demand is defined as the net dollar amount of our products, licensing revenue and other se
Slide 15: Annual Non-GAAP Net Income & Diluted EPS Growth
Annual Non-GAAP Net Income & Diluted EPS Growth $2,000 $10.00 $1,800 $9.00 $1,600 $8.00 23.0% Net Income CAGR Millions of Dollars $1,400 $7.00 19.4% EPS CAGR $1,200 $6.00 $1,000 $5.00 $800 $4.00 $600 $3.00 $400 $2.00 $200 $1.00 $0 $0.00 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Non-GAAP Net Income $ N
Slide 16: Non-GAAP Financial Results, Guidance & Long-Term Model
Non-GAAP Financial Results, Guidance & Long-Term Model* Actual Results Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Net Sales $844.0 $873.8 $881.2 $902.7 $972.1 $1,012.1 $994.2 $1,002.3 $1,216.8 $1,513.3 $1,416.0 $1,329.8 $1,322.6 $1
Slide 17: Summary
Summary • A consistent revenue grower with multiple growth drivers across six megatrends of the industry • High margin business model and shareholder friendly • Revised guidance to narrow the range and improve the mid point of the net sales and non-GAAP diluted EPS guidance • Premium long-term non-G
Slide 18: Thank You!
MICROCHIP Thank You! $d SMART | CONNECTED | SECURE
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