Tech Forum at the 2018 International CES - Liam K. Griffin President and Chief Executive Officer - Skyworks
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Tech Forum at the 2018 International CES
January 9, 2018
Liam K. Griffin
President and Chief Executive Officer
Safe Harbor Statement Please note that our presentation today will include 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 and expectations of Skyworks. 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, including, but not limited to those noted in our most recent earnings press release and those detailed from time to time 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. This presentation contains certain non-GAAP financial measures that Skyworks believes are useful in evaluating our operating performance. See our earnings releases on http://investors.skyworksinc.com for a reconciliation to GAAP of these non-GAAP measures. Third-party trademarks and logos are the property of their respective owners.
Industry Landscape
Vibrant and Highly Profitable Mobile and IoT Ecosystems
Major Stakeholders Monetizing Mobile Usage Cases
Changing the Way We Live, Work, Play and Educate
Smartphones / IoT Devices are Critical Network Access Points
Providing the Key “Connection” from User to Ecosystem
Data Bringing Heightened Value and Utility
Increasing Demand for Powerful Connectivity Engines
Architectural Requirements Creating Complexity
Companies Who Can Solve Challenges are Rewarded
Skyworks is Well Positioned to Capitalize on Wireless Ubiquity
Insatiable Data Demand
PetaBytes /Month
80,000
Global Data Traffic
70,000
44% CAGR
60,000
50,000
40,000
30,000
20,000
10,000
0
2016 2017 2018 2019 2020 2021
Source: Ericsson Mobility Report, BofA Merrill Lynch Global Research
Driven by New Usage Cases
4.6B
3.5B
2016 2021 Social VR Coming Next
Mobile Internet Users Live Video on Mobile Mobile Payments
Emerging Applications Connected Cars Unlimited Data Plans
Our Vision
Connecting Everyone
and Everything,
All the Time
Powering the Connected Economy
Top 5 S&P 500 Companies
$2T+ of Incremental Shareholder Wealth
1 2 3 4 5
Market Value ($B)
$900 $880
$800 $758
$700 $672
$600 $583
$551 $536
$500
$400
$300
$230 $224
$200
$114
$100 $65 TOTAL
$0
2012 | 2018 2012 | 2018 2012 | 2018 2012 | 2018 2012 | 2018
At 1/4/18
Our Unique and Differentiated Model
Leading Integrated Global
Technologies Solutions Scale
SOI CMOS SiGe
2,000 Customers
TC-SAW GaAs GaN
SkyBlueTM Power Mgt
2,600 Patents
Amplifiers / Switch
High Performance Filters 2,500 Analog Components
Antenna Tuning Worldwide Manufacturing
Custom MIMO Footprint
Precision GPS 10M MCMs / Day
Diversity / Receive Systems
IP, Scale, Customization, Customer Breadth and Depth
Huawei Mate 10 Pro
$10+ Content
SkyOne® Ultra 2.5 LB PAMiD
SkyOne® Ultra 2.5 MB PAMiD
SkyOne® Ultra 2.5 HB PAMiD
SkyBlueTM DC/DC Converter
QB GSM/EDGE PA
2G WLAN Switch/LNA
5G WLAN Switch/LNA
SkyOne® Powers Huawei’s Flagship PlatformsExpanding Global Reach
X7 / X7 Plus R11 / R11 Plus Mi Mix 2 X20 / X20 Plus
MMPA SkyLiTE™ SkyOne® MMPA
HB PA GPS LNA Ultra LB ET PAMiD HB PAIncreasing Diversification
New Customers, Additional Verticals, More Applications
Google Home WallyHome Sensors Hyundai
Virtual Assistant Home Automation Automotive Telematics
Netgear Arlo Pro TempAlert Nintendo Switch
HD Security Camera Pharmacy and Hospital Monitoring Hybrid Gaming Console
Sonos One Nest Thermostat DJI Spark
Connected Audio Targeting Low Cost Segment Leading Drone SupplierHigh Efficiency Street Lighting
Dual Mode ZigBee® Front-end
Module for Industrial Applications
IoT Opportunities Continue to Proliferate
Smart Cities Going MainstreamMassive MIMO
Leveraging >$65 Content
High Capacity Infrastructure OpportunityStrong and Consistent Financial Performance
Targeting Return of 50% of Free Cash Flow to Shareholders
Revenue ($B) Earnings Per Share* Operating Cash Flow ($M)
$6.45
$1,471
$3.65
$5.57
$3.26 $3.29 $5.27
$1,096
$993
$3.24 $772
$2.29
$2.20 $500
$1.79 $1.91
$1.57 $285
FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017
18% CAGR 28% CAGR 39% CAGR
*Non-GAAP – Adjusted for Certain Items. See http://investors.skyworksinc.com for a Reconciliation to GAAPIntroduces EMPOWERING THE 5G REVOLUTION
A Crowded Radio Spectrum Today
Visible Ultraviolet X-Rays
Radio Wave Spectrum Infrared
Light
300 300
MHZ GHZ
700 3 6 28 39
MHZ GHZ GHZ GHZ GHZ
P
2G/3G/4G5G is a Game Changer
Latency (Ms) Speed (Gbps)
High Data Throughput 12
1.20
Extremely Low Latency
1.00 Enhanced Spectrum Efficiency 10
10 to 100x 4G Speeds 8
0.80
Greatly Expands Network Capacity
0.60 6
4
0.40
2
0.20
0
0.00 2G 3G 3.5G 4G 5G5G Facilitates Instantaneous Mobile Video
Full Download of HD Movie
3G 4G
500 Minutes 5 Minutes 3 SecondsExpanding Content Growth and Reach
A Step Function Increase in Performance
Cellular
Comms
$1 $3 Faster Data
$13 $25
Data
Rates
and
the
‘App’
Revolution
2G 3G 4G
Power Amplifiers Power Amplifiers Filters: 40 Filters: 70
Filters Bands: 15 Bands: 30
Switches Tx/Rx Filters: 30 Tx/Rx Filters: 75
Switch Throws: 10 Switch Throws: 30
CA Combos: 5 CA Combos: 200
Peak Rate 150Mbps Peak Rate > 1Gbps
2x2 MIMO DL 4x4 MIMO DL and UL5G Enables Transformative Applications
Artificial Intelligence Emergency Autonomous
Drones Healthcare
Services Driving
Massive M2M
Connectivity Smart Smart Supply Chain
Manufacturing
Cities Agriculture Logistics
Enhanced Mobile
Broadband Virtual Reality Mobile Office Broadband Entertainment
to HomeUnifying Platform Enabling
5G Applications
Enhanced Mobile Broadband Internet of Things
Unprecedented Suite of Highly Flexible and
Customizable System Solutions
Mission Critical Services Industrial Automation
Breakthrough Performance, Footprint
and Power EfficiencyIntroduces EMPOWERING THE 5G REVOLUTION
Investment Thesis Skyworks Capitalizing on Powerful Mobile and IoT Ecosystems We are a Global Leader in Providing Integrated Systems Leveraging Performance to Drive Content Gains Generating Superior Financial Returns Well Positioned for 5G with
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