Capital Deployment and M&A Highlights
Quarterly Momentum at Top and Bottom Lines
■ YoY Revenue Growth of 20% in 2021
after 47% growth in 2020(2)
(Revenue $M)
$300
■ Gross Margin +210bp (2)
Operating Margin +240bp (2)
■ Net income growth of 65% (2)
■ Strong Earnings Leverage(2)
$250
■ EPS grew at 2x revenue growth in 2020
$200
■ Net income grew >3x revenue growth in 2021
■ EPS growth of 34% in 2021 reflects higher share
$154
count
$150
$138 $139
■ Positive Outlook for QI and FY2022 (1)
QI revenue of $280M - $320M
■ QI EPS of $0.80 - $1.04
$100
■ Continued sequential growth exp. through 2022
■ Strong Balance Sheet
$0.30
$0.25
$0.23
$50
■ $75M of Cash as of Dec. 31, 2021
■ Total Debt of $295M as of Dec. 31, 2021; refinanced
and expanded in October
■ Debt/EBITDA ~1.6x
■ Interest Expense ~$1.5M/qtr
(I) Based on QI guidance and outlook provided as of 2/8/2022.
$0
$189
(EPS)
$300
$1.00
$287
$282
$265
$263
$0.90
$0.92
$0.90 $0.90
$245
$228
$0.80
$220 $222
$0.81
$0.81
$0.76
$0.70
$0.54
$0.52
$0.48
QI '19
Q2'19
Q3 '19
Q4'19
QI '20
Q2'20
Q3'20
$0.62
Q4'20
Q1'21
Q2'21
Q3'21
Q4'21
Sales
EPS (3)
(2) Non-GAAP earnings exclude amortization of intangible assets, share-based compensation, non-recurring expenses and discrete tax items.
ichor
Proprietary
Q1'22 Midpt.(2)
12
$0.60
$0.50
$0.40
$0.30
$0.20
$0.10
$0.00View entire presentation