Revolutionizing Industries for Long-Term Growth - Mike Dennison President, Consumer Technologies Group (CTG)
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Revolutionizing Industries for
Long-Term Growth
Mike Dennison
President, Consumer Technologies Group (CTG)
CTG at a Glance
$6.4B Revenue FY17 Updates
($M)
$1,849
» $1B in new bookings
$1,665 » 50 new accounts
$1,535
$1,314
» 195 new programs awarded
» $1.4B increase YoY revenue for
Connected Home and Audio
» 27% of revenue is Sketch-to-ScaleTM
» BOSE partnership announced
» 2 new Audio factories
Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17
» Nike Q4FY17 mass production
Continuing to Invest in Growing Markets
% of total CTG business
2017 2020
2015–2020 data points ($B), CAGR
60%
Connected Living Digital Health Augmented Reality/
Virtual Reality
35–40%
30–35%
22% 15–20%
17% 15–20%
0%
Traditional Connected Wearables AR/ VR Traditional Connected Wearables AR/VR
Home Home
Higher Margins and Operating Profit
ICE
STRATEGIC FY16
CORE
Higher Margins and Operating Profit
FY17 Achieved
Revenue Operating Customers
Growth Profit Added
ICE
4% 6%+ 40
STRATEGIC
9% 4%* 6
CORE
-14%
Executing Sketch-to-Scale ™
Design Prototyping Manufacturing Logistics Repair Tax and
Trade
Sketch-to-Scale Revenue
FY20 ~45%
FY19 ~40%
FY18 ~35%
FY17 27%
FY16 18%
Increasing Development of Growth Vectors
AR/VR Fashion Connected Home
» Footwear » Voice-Controlled Assistants
» Gaming
» Connected Jewelry » Home Gateways
» Entertainment
» Smart Apparel » Media Devices
» Education
» Smart Accessories » Connected Audio
» Customer Service
Wearables Consumer AI Consumer Health
» Smart Robots » Biometric Monitors
» Headsets and Headphones
» Smart Toys » Telehealth
» Smart Watches
» Automotive After-Market » Home Health Monitoring
» Hearables
» Drones
» Bio-authentication
Drving Step Function Change
CTG OP%
3.5–5%
2–4% 2–4%
2–3% 2–3%
Investment
2.8% Year
2%+
2.4% 2.3%
1.3%
FY14 FY15 FY16 FY17 FY18 FY19 FY20
% = Actuals % = OP Range
Our Collective Goals
Make Get closer One team Proliferate Drive
great products to the relationship technology financial
at scale consumer model solutions upside
~1 million sqft. of capacity
“When you’re wearing the QC30s and the noise
canceling is cranked, practically nothing is going to
“When you’re wearing the interfere with your music – or your concentration.”
QC30s and the noise
canceling is cranked,
practically nothing is going
to interfere with your music
– or your concentration.”“Skullcandy is very excited to join
the Flex family…their track record
for quality, speed and efficiency
combined with the vast resources
they provide to support product
development will accelerate
Skullcandy’s market
competitiveness and
roadmap.”
- Jason Hodell
Chief Executive Officer"Our partnership with Flex is
allowing us to merge
connectivity and technology
innovation with true fashion
and design, which is
transforming customers'
expectations for the entire
wearables category.“
- Greg McKelvey
Executive Vice President,
Chief Strategy and Digital Officer“Partnering with Flex is
beyond a dream come
true...Flex is giving i.am+
extra muscle to Flex
globally...”
- will.i.am
Artist and Founder2017 Presents
and
Hybrid Companies of the Future
Fashion Tech Forum Los Angeles explores the
Hybrid World of Fashion Tech:
The Leaders, the Revolutionaries,
The CollaboratorsConsequently CTG has evolved into a
focused growth segment within Flex
Expansion into new industries with richer revenue
and profit drives large growth opportunities
Reduction of traditional EMS business
reduces seasonality and improves margins
Strategic partnerships like Bose and Nike create a
foundation for sustainable growth and profitYou can also read
