Inspiring EV/Hybrid and Autonomous Vehicle Innovation

Made public by

Skyworks Solutions, Inc.

sourced by PitchSend

1 of 34

Creator

Skyworks Solutions, Inc.

Category

Semiconductor Solutions

Published

No specific date found

Slides

Transcriptions

#1Corporate Overview May 2024 Connecting Everyone and Everything, All the Time. SKYWORKS®#2Safe Harbor Statement Please note that the attached presentation includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include projections and information relating to future events, prospects, expectations and results of Skyworks (e.g., certain projections and business trends, as well as plans for dividend payments). We caution you that actual results may differ materially and adversely from those projected in the forward-looking statements as a result of certain risks and uncertainties, those noted in the appendix to this presentation and in our most recent Form 10-K and Form 10-Q filings, which you may obtain for free at the SEC's website at http://www.sec.gov. We undertake no obligation to update any forward-looking statements. This presentation contains certain non-GAAP financial measures that Skyworks believes are useful in evaluating our operating performance. Refer to the appendix to this presentation for reconciliation to GAAP of these non-GAAP measures and to our most recent earnings release at http://investors.skyworksinc.com for additional information about our use of non-GAAP financial measures. Third-party trademarks and logos are the property of their respective owners. 2 SKYWORKS®#3Skyworks at a Glance 3 $4.8 Billion Annual Revenue FY23 ~9,750 17 Employees Countries >8,000 Customers ~8,500 Unique Products ~4,900 Patents Connecting Everyone and Everything, All the Time. SKYWORKS#4Financial Performance Fiscal Year 2023 $4.8B Net Revenue $8.52 Non-GAAP Diluted EPS (1) $1.6B Free Cash Flow (1) 1H FY24 $2.2B Net Revenue $3.52 Non-GAAP Diluted EPS (1) (1) Non-GAAP - Adjusted for Certain Items. See Appendix and our Q4 FY23, Q1FY24 and Q2 FY24 Earnings Releases for a Reconciliation to GAAP. 4 $1.0B Free Cash Flow (1) SKYWORKS®#5Delivering Long-Term Shareholder Value 5 TRUSTED LEADER WORLD-CLASS SCALE Differentiated CONNECTIVITY EVERYWHERE Connectivity Leadership Manufacturing Footprint Capitalizing on Ubiquitous Wireless Technologies EXPANDING CUSTOMER REACH > 8,000 Customers Across Mobile and Broad Markets STRONG CASH GENERATION Fund Growth Opportunities While Returning Cash to Shareholders SKYWORKS®#6Skyworks is at the Forefront of Connectivity 6 Bluetooth® Connecting People Connecting Everything a SKYWORKS® Wif! 6 zigbee LoRa GPS Ite 5G Wi SUN#7Helping to Lead the Global Shift to 5G 7 A CA ←↑→ SG Delivers Innovative Performance Fast Data Throughput Enhanced Mobile Broadband (eMBB) ☑ Extremely Low Latency Ultra-Reliable Low Latency Communications (URLLC) ☑ Enhanced Spectral Efficiency Massive Machine Type Communications (mMTC) SKYWORKS®#88 1100 00 110101 0001 110 5 16 17 18 10 20 111 00111 0101 T 00110 00 11001 O Rapidly Growing Addressable Markets and Applications SKYWORKS®#9Global Technology and Manufacturing Footprint GaAs for Mobile and Broad Market Solutions Woburn, MA Newbury Park, CA Mexicali, Mexico Protocol Optimized Custom GaAs Fab Advanced Packaging, Assembly and Test Sky5 SkyOne Singapore Japan High Performance Filtering (SAW, TC-SAW, BAW) 6 SKYWORKS®#10Addressing a Diverse and Growing Set of End Markets 10 Mobile Internet Users By 2025, >90% of 6B Users Access Internet from Mobile, 45% Using 5G Connected Cars 50% of New Vehicles Sold Today Are Connected, Up to 95% by 2030 Mobile Cloud Gaming Pandemic and 5G Accelerated Move to Mobile, 2.9B Gamers Worldwide High-Def Everywhere Gaming, UHD Video, 8K TV, HD VR, 66% of Mobile Traffic, 77% by 2026 Mobile AR/VR Technology AR/VR Global Mobile Data Growing at 63% CAGR 5G By 2025, 30% of Wireless Connections Will Use 5G, Rising to 65% by 2030. Data Cost to Drop 93% in 8 Years SKYWORKS®#11Diverse Revenue Across Mobile and Broad Markets Fiscal Year 2023 11 Broad Markets (((8))) Mobile SKYWORKS®#1212 Mobile Revenue Growth Across All Leading Platforms - Mobile Revenue - Across All Premium Smartphone OEMs ~$1.3B FY13 8% CAGR ~$3.0B FY23 SKYWORKS®#1313 Increasing Levels of Complexity and Content with Each New Generation 2G 3G 4G 5G Power Amplifiers Power Amplifiers Filters Switches Filters: 40 Bands: 15 Tx/Rx Filters: 30 CA Combos: 10 Peak Rate 150Mbps 2x2 MIMO DL Filters: 70 Bands: 30 Tx/Rx Filters: 75 CA Combos: 200 Peak Rate > 1Gbps 4x4 MIMO DL and UL SKYWORKS#1414 Powering a Leading Cellular Technology Roadmap GaAs Power Amplifier SOI / Si BAW TC-SAW 3D Self-Shielded Packaging Skyworks Internal Technologies Cellular Transmit Cellular Receive GPS ✓ Antenna Management Wi-Fi / Bluetooth SKYWORKS®#15Broad Content Expansion Driven by Higher Performance Wi-Fi 6E Tx/Rx Sky5 Sky5® Ultra HB BAW Sky5® Ultra MB Sky5® Ultra LB 三〇 ho Quad GSM PA Precision Antenna Tuning Low Band DRX Mid Band DRX MIMO DRX High Band Tx DRx ✔ Vibrant and Highly Profitable Mobile Ecosystem ✓ Smartphones / IoT Devices Are Critical Network Access Points ✓ Increasing Demand for Powerful Connectivity Engines Precision GPS 15 Best-in-Class Performance Deep Reach and Leadership in Mobile Uniquely Positioned Versus Competition SKYWORKS®#16Diversifying Revenue Across Secular Growth Broad Markets Fiscal Year 2023 16 Internet of Things 5G IOT Automotive and Industrial + % C (IAI) Infrastructure and Cloud SKYWORKS®#1717 Broad Market Revenue Growth - Fueling Diversification ~$0.5B FY13 Broad Market Revenue 15% CAGR ~$1.8B Expanding Customer Base >2,000 >8,000 aws .. CISCO SIEMENS CJI & XILINX gemalto Honeywell IBM a Thales company Juniper driven by Mist AI SIERRA WIRELESS Audi מזים NOKIA Microsoft NETGEAR Fibocom OPTUS ciena E gm BTQ Ford DELL GARMIN E QUECTEL INOVANCE (GE) ✓ TELUS SERCOM T TESLA TOYOTA FY23 FY16 FY23 ERICSSON SKYWORKS®#18Blazing-fast Wi-Fi 6E and 7 with Greater Quality of Service for an Expanding Array of Devices NETGEAR +tp-link CISCO Linksys aruba 18 JBS SKYWORKS#1919 Network Densification Drives RF Demand and Accelerates 5G Infrastructure Growth SAMSUNG NOKIA ERICSSON CISCO Massive MIMO Small Cells Indoor Radios SKYWORKS®#20Inspiring EV/Hybrid and Autonomous Vehicle Innovation 20 Cellular Connectivity and Infotainment Ford Power Isolation for EV/Hybrid Timing Solutions gm T Digital Radio Co-Processors TESLA HIRSCHMANN AUTOMOTIVE HYUNDAI M W CITI W Audi preh TOYOTA SKYWORKS®#21A Leader in Factory Automation and Smart Energy 21 Intelligent Edge Computing Motor Drive / Metering Industrial Automation Advanced Robotics Nex-Gen Smart Energy Solutions Honeywell .SIERRA WIRELESS OMRON QUECTEL Є ENPHASE ⚫ublox gemalto a Thales company Fibccom Trilliant solaredge (۹۴) BECKHOFF samsara Blackmagicdesign CRESTRON. SKYWORKS®#2222 ORKS A 3 B 3 B4 A4 High-Speed Connectivity for Al-Enabled, Data-Intensive Infrastructure and Cloud Upgrades Microsoft DELL ciena aws NOKIA CISCO ERICSSON SKYWORKS®#23Game-Changing Cognitive Audio 23 Microsoft RAZER SAMSUNG steelseries TURTLE BEACH VIZIO SONY Skullcandy ful to lisens enigne fel Tyfosqu SKYWORKS®#24Our Strategic Path 24 Extending Technology Reach Across Tier 1 Platforms. Mobile Expanding Customers Enabling New Applications IoT Driving New Technology Adoption Emerging 15098 4 11.75 19 734 00 5 756 8374 001 991 Leveraging Core Technologies Across Multiple Markets SKYWORKS®#25Strong Top and Bottom-Line Growth $1.8B Revenue $3.9B $4.8B FY13 FY18 FY23 (1) Non-GAAP - Adjusted for Certain Items. See Appendix and our Q4 FY13, Q4FY18, and Q4 FY23 Earnings Releases for a Reconciliation to GAAP. 25 $2.20 Non-GAAP EPS (1) $7.22 $8.52 FY13 FY18 FY23 SKYWORKS®#26Exceptional Cash Generation - FCF Doubling Every Five Years $0.4B Non-GAAP Free Cash Flow (1) $0.8B $1.6B $0.5B Non-GAAP EBITDA (1) $1.7B $2.0B FY13 FY18 FY23 FY13 FY18 FY23 (1) Non-GAAP - Adjusted for Certain Items. See Appendix for a Reconciliation to GAAP. 26 SKYWORKS®#27Nine Years of Dividend Increases 27 Total Annual Dividends 19% CAGR $2.54 $2.30 $2.06 $1.82 $1.58 $1.34 $1.16 $1.06 $0.65 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 SKYWORKS®#28Cumulative Share Repurchases of $4.7 Billion 28 195 194 Year-end Fully Diluted Share Count (M) 187 186 178 172 167 166 161 Cumulative Share Repurchases $4.7B 160 1 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY14 FY23 SKYWORKS®#29Powerful Long-Term Target Financial Model World-Class Financial Performance 29 10-15% Revenue Growth Ө 53% Gross Margin бо 40% Operating Margin 30% Free Cash Flow Margin SKYWORKS®#30Executive Management Team Liam K. Griffin Chairman, Chief Executive Officer & President Kris Sennesael Senior Vice President & Chief Financial Officer Robert J. Terry Senior Vice President, General Counsel & Secretary Kari Durham Senior Vice President, Human Resources Reza Kasnavi Senior Vice President, Technology & Manufacturing Carlos S. Bori Senior Vice President, Sales & Marketing Joel R. King Senior Vice President & General Manager, Mobile Solutions Yusuf Jamal Senior Vice President & General Manager, Diversified Analog Solutions Brian Mirkin Senior Vice President & General Manager, Mixed Signal Solutions 30 SKYWORKS®#31Appendix: Safe Harbor Statement This presentation includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, information relating to future results and expectations of Skyworks (e.g., certain projections and business trends, as well as plans for dividend payments, debt repayment and share repurchases). Forward-looking statements can often be identified by words such as "anticipates," "expects," "forecasts," "intends," "believes," "plans," "target," "may," "will" or "continue," and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected and may affect our future operating results, financial position and cash flows. These risks, uncertainties and other important factors include: the susceptibility of the semiconductor industry and the markets addressed by our, and our customers', products to economic cycles, including a rise in inflation and the current heightened risk of recession; our reliance on a small number of key customers for a large percentage of our sales; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials, including rare earth and similar minerals, supplier components, equipment and shipping and logistics services, including limits on our customers' ability to obtain such services and materials; the risks of doing business internationally, including increased import/export restrictions and controls (e.g., our ability to sell products to certain specified foreign entities only pursuant to a limited export license from the U.S. Department of Commerce or our ability to obtain foreign-sourced raw materials), imposition of trade protection measures (e.g., tariffs or taxes), security and health risks, possible disruptions in transportation networks, fluctuations in foreign currency exchange rates, and other economic, social, military and geopolitical conditions in the countries in which we, our customers or our suppliers operate, including the conflicts in Ukraine and the Middle East; delays in the deployment of commercial 5G networks or in consumer adoption of 5G- enabled devices; the volatility of our stock price; decreased gross margins and loss of market share as a result of increased competition; our ability to obtain design wins from customers; changes in laws, regulations and/or policies that could adversely affect our operations and financial results, the economy and our customers' demand for our products, or the financial markets and our ability to raise capital; fluctuations in our manufacturing yields due to our complex and specialized manufacturing processes; our ability to develop, manufacture and market innovative products, avoid product obsolescence, reduce costs in a timely manner, transition our products to smaller geometry process technologies and achieve higher levels of design integration; the quality of our products and any defect remediation costs; our products' ability to perform under stringent operating conditions; reduced flexibility in operating our business as a result of the indebtedness incurred in connection with the transaction with Silicon Laboratories Inc.; our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; the effects of the COVID-19 pandemic on business conditions in our industry and the potential for the uncertain duration, severity and future impact of the pandemic, including as a result of more contagious variants of the virus that causes COVID-19, to result in significant disruptions to our business operations, as well as negative impacts to our financial condition; our ability to prevent theft of our intellectual property, disclosure of confidential information or breaches of our information technology systems; uncertainties of litigation, including potential disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights; our ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; our ability to make certain investments and acquisitions, integrate companies we acquire and/or enter into strategic alliances; and other risks and uncertainties, including those detailed from time to time in our filings with the Securities and Exchange Commission. The forward-looking statements contained in this presentation are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. 31 SKYWORKS®#32Six Months Ended (in millions) Mar. 29, 2024 Appendix: Unaudited Reconciliations of Non-GAAP Financial Measures Twelve Months Ended Sep. 27, 2013 Sep. 29, 2023 GAAP net income per share, diluted $ 2.57 $6.13 Sep. 28, 2018 $ 5.01 $ 1.45 Share-based compensation expense 0.62 1.15 0.59 0.37 Acquisition-related expenses (benefit) 0.01 0.07 (.01) 0.01 Amortization of acquisition-related intangibles 0.50 1.26 0.11 0.15 Settlements, gains, losses, and impairments 0.09 0.42 0.01 0.01 Restructuring and other charges 0.08 0.02 0.03 Deferred executive compensation benefit (0.01) Tax adjustments Non-GAAP net income per share, diluted (0.27) $3.52 (0.59) 1.50 0.18 $ 8.52 $7.22 $ 2.20 Six Months Ended Twelve Months Ended (in millions) Mar. 29, 2024 Sep. 29, 2023 GAAP net cash provided by operating activities $ 1,075 Capital expenditures Non-GAAP free cash flow (50) $1,025 $ 1,856 (210) Sep. 28, 2018 $ 1,261 Sep. 27, 2013 $500 (422) (124) $1,646 $839 $ 376 0000 Twelve Months Ended (in millions) GAAP operating income Share-based compensation expense Acquisition-related expenses (benefit) Sep. 29, 2023 Sep. 28, 2018 Sep. 27, 2013 $ 1,125 $ 1,319 $ 345 185 108 72 11 (2) 2 Amortization of acquisition-related intangibles 202 21 29 Settlements, gains, losses, and impairments 65 3 2 Restructuring and other charges 14 3 6 Deferred executive compensation expense (benefit) (2) 1 Non-GAAP operating income $ 1,602 Depreciation and amortization 411 $1,450 278 $457 74 $2,013 $ 1,728 $ 531 32 Non-GAAP EBITDA SKYWORKS®

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Inspiring EV/Hybrid and Autonomous Vehicle Innovation image

Inspiring EV/Hybrid and Autonomous Vehicle Innovation

Semiconductor Solutions

KLA Investor Day Presentation Deck image

KLA Investor Day Presentation Deck

Technology

GlobalFoundries Investor Day Presentation Deck image

GlobalFoundries Investor Day Presentation Deck

Technology

KLA Investor Day Presentation Deck image

KLA Investor Day Presentation Deck

Technology

3M Results Presentation Deck image

3M Results Presentation Deck

Industrials

OpenText Investor Presentation Deck image

OpenText Investor Presentation Deck

Technology

Avantor Investor Day Presentation Deck image

Avantor Investor Day Presentation Deck

Materials

Investor Update 9M2022 image

Investor Update 9M2022

Financial Performance