SlideShare ist ein Scribd-Unternehmen logo
1 von 15
Downloaden Sie, um offline zu lesen
Fiscal 2016 Third Quarter Results
April 21st, 2016
Safe Harbor
2
This presentation contains forward-looking statements within the meaning of Section 27A of the
Securities act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements include, without limitation, the Company’s projections and statements
regarding revenue, gross margin, earnings per share, capital expenditures and other financial and business
metrics. These statements involve risks and uncertainties that could cause actual results to differ
materially from expectations. Please refer to the Company’s Annual Report on Form 10-K for the fiscal
year ended June 27, 2015 for a description of some of the risk factors that could cause actual results to
differ materially from such forward-looking statements.
All forward-looking statements included in this presentation are made as of the date hereof, based on the
information available to the Company as of the date hereof, and the Company assumes no obligation to
update any forward-looking statement.
Fiscal 2016 Third Quarter Results Summary
• Net Revenue of $555 million
• Gross Margin of 61.4% (excluding special items); 57.4% (GAAP)
• Earnings Per Share of $0.41 profit (excluding special items); $0.48 profit (GAAP)
• Returned $170 million to shareholders
• Dividend payout: $86 million
• Stock repurchases: $84 million
• TTM1 Free Cash Flow of $681 million, 31% of TTM revenue
3
1TTM: Trailing Twelve Months
Note: Free Cash Flow = Cash Flow from Operations – Net Capital Expenditures
Net Capital Expenditures = Gross Capital Expenditures – Asset Sales
Results and Guidance
4
$650M
$681M
Fiscal 2016 Third Quarter Results vs. Last Year
5
$577M
$555M
-4%
FY15 Q3 FY16 Q3
Revenue
$0.40 $0.41
+3%
FY15 Q3 FY16 Q3
Earnings per Share
(Excluding Special Items2)
TTM1 Free Cash Flow3
1TTM: Trailing Twelve Months
2Special Items definition in appendix
3Free Cash Flow: Cash Flow from Operations – Net Capital Expenditures
Net Capital Expenditures: Gross Capital Expenditures – Asset Sales
FY15 Q3 FY16 Q3
+5%
Automotive Industrial Comms &
Data Center
Consumer Computing
-10%
Flat
FY15 Q3 vs. FY16 Q3 Revenue
-30%
-9%
Fiscal 2016 Third Quarter Results by End Market
6
+25%
17%
28%
22%
29%
4%
FY16 Q3 Revenue: $555M
Consumer
Automotive
Industrial
Communications &
Data Center
Computing
Note: Due to nature of our general purpose products, estimates by Major Markets are imprecise
Fiscal 2016 Fourth Quarter Guidance
FY16 Q4 Guidance
Revenue $555M – $595M
Gross Margin
62% – 64% GAAP excl. Special Items2
(59% – 61% GAAP)
Earnings Per
Share
$0.45 – $0.51 GAAP excl. Special Items2
($0.40 – $0.46 GAAP)
Gross Capital
Expenditures
Target range
of 1 – 3% of revenue
7
1Guidance excludes impact of energy meter business divestiture; otherwise guidance would be “down”
2Special Items definition in Appendix
Note: Maxim Integrated’s business outlook does not include the potential impact of any restructuring activity, acquisitions, or other business combinations that
may be completed during the quarter.
FY16 Q4 End Market Guidance vs. FY16 Q3
 Automotive up
 Industrial up1
 Communications and Data Center modestly up
 Consumer strongly up
 Computing flat
Key Metrics
8
0%
10%
20%
30%
$0
$300
$600
$900
FY11
Q3
FY12
Q3
FY13
Q3
FY14
Q3
FY15
Q3
FY16
Q3
TTM1 Free Cash Flow
9
1TTM: Trailing Twelve Months
Note: Free Cash Flow: Cash from Operations – Net Capital Expenditures
Net Capital Expenditures: Gross Capital Expenditures – Asset Sales
$M As % of Revenue
31%
$0
$300
$600
$900
FY11
Q3
FY12
Q3
FY13
Q3
FY14
Q3
FY15
Q3
FY16
Q3
Free Cash Flow, TTM
Net Income (ex-SI), TTM
TTM1 Free Cash Flow vs. Net Income (excluding Special Items)
10
1TTM: Trailing Twelve Month
Note: Free Cash Flow = Cash from Operations – Net Capital Expenditures
Net Capital Expenditures = Gross Capital Expenditures – Asset Sales
$M
Gross CapEx
Target:
1 to 3%
of Revenue
0%
2%
4%
6%
8%
10%
12%
14%
16%
FY11
Q3
FY12
Q3
FY13
Q3
FY14
Q3
FY15
Q3
FY16
Q3
Series3
Depreciation
Gross Capital Expenditures
Capital Expenditures vs. Depreciation (excluding Special Items)
11
% of Revenue
Accelerated Depreciation
$0.20
$0.22
$0.24
$0.26
$0.28
$0.30
FY12 Q1 FY14Q1 FY16 Q1
Quarterly Cash Dividend Per Share
12
$0
$50
$100
$150
$200
$250
FY12 Q3 FY14 Q3 FY16 Q3
Dividends & Share Repurchases
Dividend
Return of Cash to Shareholders
Buyback
+5%
+9%
+8%
+8%
$420M remaining in share repurchase
program as of FY16 Q3 end
$0.30
+7%
14
Appendix
2Special Items: intangible asset amortization; accelerated depreciation; acquisition-related inventory write-up; impairment of long-lived assets;
impairment of goodwill and intangible assets; severance and restructuring; acquisition-related costs; contingent consideration adjustments
relating to certain acquisitions; expected loss on rent expense for vacated office space; loss related to sale of land and buildings; impairment of
investments in privately-held companies; tax provision impacts due to fixed asset tax basis adjustment relating to prior year depreciation
expense.
Reconciliation of GAAP vs. GAAP Excluding Special Items (Unaudited)
15
March 26, December 26, March 28,
2016 2015 2015
Reconciliation of GAAP gross profit to GAAP gross profit excluding special items:
GAAP gross profit 318,841$ 292,169$ 315,268$
GAAP gross profit % 57.4% 57.2% 54.6%
Special items:
Intangible asset amortization 11,829 14,734 18,750
Accelerated depreciation (1) 4,066 2,032 9,834
Other cost of goods sold (2) 6,123 - -
Total special items 22,018 16,766 28,584
GAAP gross profit excluding special items 340,859$ 308,935$ 343,852$
GAAP gross profit % excluding special items 61.4% 60.5% 59.6%
Reconciliation of GAAP operating expenses to GAAP operating expenses excluding
special items:
GAAP operating expenses 141,133$ 202,636$ 209,818$
Special items:
Intangible asset amortization 2,538 3,538 3,977
Impairment of long-lived assets 506 1,950 5,522
Severance and restructuring 2,552 10,652 2,824
Other operating expenses (income), net (3) (55,419) (247) (2,184)
Total special items (49,823) 15,893 10,139
GAAP operating expenses excluding special items 190,956$ 186,743$ 199,679$
Reconciliation of GAAP net income (loss) to GAAP net income excluding special
items:
GAAP net income (loss) 139,810$ 67,469$ 79,433$
Special items:
Intangible asset amortization 14,367 18,272 22,727
Accelerated depreciation (1) 4,066 2,032 9,834
Other cost of goods sold (2) 6,123 - -
Impairment of long-lived assets 506 1,950 5,522
Severance and restructuring 2,552 10,652 2,824
Other operating expenses (income), net (3) (55,419) (247) (2,184)
Interest and other expense (income), net (45) 595 -
Pre-taxtotal special items (27,850) 33,254 38,723
Fiscal year 2015 research & development taxcredits - (2,475) -
Other income taxeffects and adjustments (4) 5,698 (5,428) (3,910)
GAAP net income excluding special items 117,658$ 92,820$ 114,246$
GAAP net income per share excluding special items:
Basic 0.41$ 0.33$ 0.40$
Diluted 0.41$ 0.32$ 0.40$
Shares used in the calculation of earnings per share excluding special items:
Basic 285,854 285,526 283,418
Diluted 289,783 290,521 288,840
(in thousands, except per share data)
Three Months Ended
(1) Includes building and equipment accelerated depreciation related to San Jose and Dallas manufacturing facilities.
2016 2015 2015
Reconciliation of GAAP gross profit to GAAP gross profit excluding special items:
GAAP gross profit 318,841$ 292,169$ 315,2$
GAAP gross profit % 57.4% 57.2% 54.
Special items:
Intangible asset amortization 11,829 14,734 18,7
Accelerated depreciation (1) 4,066 2,032 9,8
Other cost of goods sold (2) 6,123 -
Total special items 22,018 16,766 28,5
GAAP gross profit excluding special items 340,859$ 308,935$ 343,8$
GAAP gross profit % excluding special items 61.4% 60.5% 59.
Reconciliation of GAAP operating expenses to GAAP operating expenses excluding
special items:
GAAP operating expenses 141,133$ 202,636$ 209,8$
Special items:
Intangible asset amortization 2,538 3,538 3,9
Impairment of long-lived assets 506 1,950 5,5
Severance and restructuring 2,552 10,652 2,8
Other operating expenses (income), net (3) (55,419) (247) (2,1
Total special items (49,823) 15,893 10,1
GAAP operating expenses excluding special items 190,956$ 186,743$ 199,6$
Reconciliation of GAAP net income (loss) to GAAP net income excluding special
items:
GAAP net income (loss) 139,810$ 67,469$ 79,4$
Special items:
Intangible asset amortization 14,367 18,272 22,7
Accelerated depreciation (1) 4,066 2,032 9,8
Other cost of goods sold (2) 6,123 -
Impairment of long-lived assets 506 1,950 5,5
Severance and restructuring 2,552 10,652 2,8
Other operating expenses (income), net (3) (55,419) (247) (2,1
Interest and other expense (income), net (45) 595
Pre-taxtotal special items (27,850) 33,254 38,7
Fiscal year 2015 research & development taxcredits - (2,475)
Other income taxeffects and adjustments (4) 5,698 (5,428) (3,9
GAAP net income excluding special items 117,658$ 92,820$ 114,2$
GAAP net income per share excluding special items:
Basic 0.41$ 0.33$ 0$
Diluted 0.41$ 0.32$ 0$
Shares used in the calculation of earnings per share excluding special items:
Basic 285,854 285,526 283,4
Diluted 289,783 290,521 288,8
(in thousands, except per share data)
(2) Includes expense related to patent license settlement.
(3) Includes gain on sale of energy metering business during the third quarter of fiscal year 2016.
(1) Includes building and equipment accelerated depreciation related to San Jose and Dallas manufacturing facilities.
(4) Includes taxeffect of pre-taxspecial items and miscellaneous taxadjustments.

Weitere ähnliche Inhalte

Was ist angesagt?

Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationmaxim2015ir
 
Q417 earnings presentation final
Q417 earnings presentation finalQ417 earnings presentation final
Q417 earnings presentation finalmaxim2015ir
 
Q3 2015 Earnings Deck Final 2
Q3 2015 Earnings Deck Final 2Q3 2015 Earnings Deck Final 2
Q3 2015 Earnings Deck Final 2Masco_Investors
 
2016 investor deck november v1
2016 investor deck november v12016 investor deck november v1
2016 investor deck november v1Beldenir
 
2 q13 br properties earnings release presentation
2 q13 br properties   earnings release presentation2 q13 br properties   earnings release presentation
2 q13 br properties earnings release presentationbrproperties
 
Seagate Q2 2009 Financial Results
Seagate Q2 2009 Financial ResultsSeagate Q2 2009 Financial Results
Seagate Q2 2009 Financial Resultsearningsreport
 
Q1 15 reconciliation of financial information
Q1 15 reconciliation of financial informationQ1 15 reconciliation of financial information
Q1 15 reconciliation of financial informationThermoFisherScientific
 
Masco q2 2016 earnings presentation
Masco q2 2016 earnings presentationMasco q2 2016 earnings presentation
Masco q2 2016 earnings presentationMasco_Investors
 
Q2 16 slides ugi-v_final
Q2 16 slides ugi-v_finalQ2 16 slides ugi-v_final
Q2 16 slides ugi-v_finalUGI_Corporation
 
Q2 2014 Earnings Slides
Q2 2014 Earnings SlidesQ2 2014 Earnings Slides
Q2 2014 Earnings SlidesInvestorBruker
 
Financial Ratios
Financial RatiosFinancial Ratios
Financial RatiosUmer Awan
 
Presentazione risultati primi nove mesi 2016
Presentazione risultati primi nove mesi 2016Presentazione risultati primi nove mesi 2016
Presentazione risultati primi nove mesi 2016Italiaonline
 
Q4 2015-earnings-presentation-final
Q4 2015-earnings-presentation-finalQ4 2015-earnings-presentation-final
Q4 2015-earnings-presentation-finalMasco_Investors
 
Rexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial ResultsRexnord
 
Q1 16 slides ugi-v_final
Q1 16 slides ugi-v_finalQ1 16 slides ugi-v_final
Q1 16 slides ugi-v_finalAmeriGas
 
Afrox Interim Results 2018
Afrox Interim Results 2018Afrox Interim Results 2018
Afrox Interim Results 2018Simon Miller
 
Q2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentationQ2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentationMyers_Investors
 
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial ResultsRexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial ResultsRexnord
 
Q1 18 earnings slides final 1 29_18
Q1 18 earnings slides final 1 29_18Q1 18 earnings slides final 1 29_18
Q1 18 earnings slides final 1 29_18sanmina2017ir
 
Test
TestTest
TestJou yan
 

Was ist angesagt? (20)

Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentation
 
Q417 earnings presentation final
Q417 earnings presentation finalQ417 earnings presentation final
Q417 earnings presentation final
 
Q3 2015 Earnings Deck Final 2
Q3 2015 Earnings Deck Final 2Q3 2015 Earnings Deck Final 2
Q3 2015 Earnings Deck Final 2
 
2016 investor deck november v1
2016 investor deck november v12016 investor deck november v1
2016 investor deck november v1
 
2 q13 br properties earnings release presentation
2 q13 br properties   earnings release presentation2 q13 br properties   earnings release presentation
2 q13 br properties earnings release presentation
 
Seagate Q2 2009 Financial Results
Seagate Q2 2009 Financial ResultsSeagate Q2 2009 Financial Results
Seagate Q2 2009 Financial Results
 
Q1 15 reconciliation of financial information
Q1 15 reconciliation of financial informationQ1 15 reconciliation of financial information
Q1 15 reconciliation of financial information
 
Masco q2 2016 earnings presentation
Masco q2 2016 earnings presentationMasco q2 2016 earnings presentation
Masco q2 2016 earnings presentation
 
Q2 16 slides ugi-v_final
Q2 16 slides ugi-v_finalQ2 16 slides ugi-v_final
Q2 16 slides ugi-v_final
 
Q2 2014 Earnings Slides
Q2 2014 Earnings SlidesQ2 2014 Earnings Slides
Q2 2014 Earnings Slides
 
Financial Ratios
Financial RatiosFinancial Ratios
Financial Ratios
 
Presentazione risultati primi nove mesi 2016
Presentazione risultati primi nove mesi 2016Presentazione risultati primi nove mesi 2016
Presentazione risultati primi nove mesi 2016
 
Q4 2015-earnings-presentation-final
Q4 2015-earnings-presentation-finalQ4 2015-earnings-presentation-final
Q4 2015-earnings-presentation-final
 
Rexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial Results
 
Q1 16 slides ugi-v_final
Q1 16 slides ugi-v_finalQ1 16 slides ugi-v_final
Q1 16 slides ugi-v_final
 
Afrox Interim Results 2018
Afrox Interim Results 2018Afrox Interim Results 2018
Afrox Interim Results 2018
 
Q2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentationQ2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentation
 
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial ResultsRexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial Results
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial Results
 
Q1 18 earnings slides final 1 29_18
Q1 18 earnings slides final 1 29_18Q1 18 earnings slides final 1 29_18
Q1 18 earnings slides final 1 29_18
 
Test
TestTest
Test
 

Andere mochten auch

Design one, Assessment 2,Digital Presentation
Design one, Assessment 2,Digital PresentationDesign one, Assessment 2,Digital Presentation
Design one, Assessment 2,Digital Presentationic5y5issilent
 
Xrbia Images Jan 2016 ppt
Xrbia Images Jan 2016 pptXrbia Images Jan 2016 ppt
Xrbia Images Jan 2016 pptDhruv Shah
 
Compononentes pc
Compononentes pcCompononentes pc
Compononentes pcCarlos_chella
 
Lab report
Lab reportLab report
Lab reportKuan Wei
 
Corporate Brochure rev03092016
Corporate Brochure rev03092016Corporate Brochure rev03092016
Corporate Brochure rev03092016Michael Sleurink
 
Question 4 a2 evalu
Question 4 a2 evaluQuestion 4 a2 evalu
Question 4 a2 evalurhian2112
 
Gestion de informacion
Gestion de informacionGestion de informacion
Gestion de informacionSebastian Cango
 
A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...
A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...
A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...Micael Carreira
 
ACT Program Map Book
ACT Program Map BookACT Program Map Book
ACT Program Map BookJeffrey Cuevas
 
Stress awareness
Stress awarenessStress awareness
Stress awarenessvannachy
 
Presentation Sahara
Presentation SaharaPresentation Sahara
Presentation SaharaAbel Jaramillo
 

Andere mochten auch (12)

Design one, Assessment 2,Digital Presentation
Design one, Assessment 2,Digital PresentationDesign one, Assessment 2,Digital Presentation
Design one, Assessment 2,Digital Presentation
 
Xrbia Images Jan 2016 ppt
Xrbia Images Jan 2016 pptXrbia Images Jan 2016 ppt
Xrbia Images Jan 2016 ppt
 
Compononentes pc
Compononentes pcCompononentes pc
Compononentes pc
 
Lab report
Lab reportLab report
Lab report
 
Corporate Brochure rev03092016
Corporate Brochure rev03092016Corporate Brochure rev03092016
Corporate Brochure rev03092016
 
ComputaciĂłn
ComputaciĂłnComputaciĂłn
ComputaciĂłn
 
Question 4 a2 evalu
Question 4 a2 evaluQuestion 4 a2 evalu
Question 4 a2 evalu
 
Gestion de informacion
Gestion de informacionGestion de informacion
Gestion de informacion
 
A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...
A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...
A pedagogia do movimento humano. o corpo como objecto de estudo. projecto lei...
 
ACT Program Map Book
ACT Program Map BookACT Program Map Book
ACT Program Map Book
 
Stress awareness
Stress awarenessStress awareness
Stress awareness
 
Presentation Sahara
Presentation SaharaPresentation Sahara
Presentation Sahara
 

Ă„hnlich wie Fy16 q3 supplemental presentation final

FY16Q2 Earnings Presentation
FY16Q2 Earnings PresentationFY16Q2 Earnings Presentation
FY16Q2 Earnings Presentationmaxim2015ir
 
Q317 Earnings Presentation
Q317 Earnings PresentationQ317 Earnings Presentation
Q317 Earnings Presentationmaxim2015ir
 
Earnings Presentation Q217
Earnings Presentation Q217Earnings Presentation Q217
Earnings Presentation Q217maxim2015ir
 
Q318 earnings presentation final
Q318 earnings presentation finalQ318 earnings presentation final
Q318 earnings presentation finalmaxim2015ir
 
SGS 2022 Full Year Results Alternative Performance Measures Report
SGS 2022 Full Year Results Alternative Performance Measures ReportSGS 2022 Full Year Results Alternative Performance Measures Report
SGS 2022 Full Year Results Alternative Performance Measures ReportSGS
 
Q2 fy19-live ramp-earnings-slides-final-v2
Q2 fy19-live ramp-earnings-slides-final-v2Q2 fy19-live ramp-earnings-slides-final-v2
Q2 fy19-live ramp-earnings-slides-final-v2acxiom2016ir
 
SGS 2021 Full Year Results Alternative Performance Measures
SGS 2021 Full Year Results Alternative Performance MeasuresSGS 2021 Full Year Results Alternative Performance Measures
SGS 2021 Full Year Results Alternative Performance MeasuresSGS
 
Conference Call 3Q16
Conference Call 3Q16Conference Call 3Q16
Conference Call 3Q16ItauRI
 
Webslides_Q421_Final.pdf
Webslides_Q421_Final.pdfWebslides_Q421_Final.pdf
Webslides_Q421_Final.pdfsweetykhilani
 
Flextronics International Ltd. earning presentation
Flextronics International Ltd. earning presentationFlextronics International Ltd. earning presentation
Flextronics International Ltd. earning presentationinvestorrelation
 
Markit q1'15 results presentation
Markit q1'15 results presentationMarkit q1'15 results presentation
Markit q1'15 results presentationInvestorMarkit
 
Mtw second quarter 2018 earnings call ppt vf
Mtw second quarter 2018 earnings call ppt vfMtw second quarter 2018 earnings call ppt vf
Mtw second quarter 2018 earnings call ppt vfManitowocCompany
 
CTEEP's Results Presentation 1Q16
CTEEP's Results Presentation 1Q16 CTEEP's Results Presentation 1Q16
CTEEP's Results Presentation 1Q16 Cteep_ri
 
Q4 2016 investor deck as final
Q4 2016 investor deck as finalQ4 2016 investor deck as final
Q4 2016 investor deck as finalADAESIR
 
2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentationsanmina2017ir
 
UCT Investor Presentation Feb. 2017
UCT Investor Presentation  Feb. 2017UCT Investor Presentation  Feb. 2017
UCT Investor Presentation Feb. 2017Ultracleanir
 
SGS 2021 Half Year Results Alternative Performance Measures Report
SGS 2021 Half Year Results Alternative Performance Measures ReportSGS 2021 Half Year Results Alternative Performance Measures Report
SGS 2021 Half Year Results Alternative Performance Measures ReportSGS
 
Second Quarter Fiscal 2017
Second Quarter Fiscal 2017Second Quarter Fiscal 2017
Second Quarter Fiscal 2017sanmina2017ir
 
2nd Quarter 2015 Earnings Release Conference Call
2nd Quarter 2015 Earnings Release Conference Call2nd Quarter 2015 Earnings Release Conference Call
2nd Quarter 2015 Earnings Release Conference CallBeldenir
 

Ă„hnlich wie Fy16 q3 supplemental presentation final (20)

FY16Q2 Earnings Presentation
FY16Q2 Earnings PresentationFY16Q2 Earnings Presentation
FY16Q2 Earnings Presentation
 
Q317 Earnings Presentation
Q317 Earnings PresentationQ317 Earnings Presentation
Q317 Earnings Presentation
 
Earnings Presentation Q217
Earnings Presentation Q217Earnings Presentation Q217
Earnings Presentation Q217
 
Q318 earnings presentation final
Q318 earnings presentation finalQ318 earnings presentation final
Q318 earnings presentation final
 
SGS 2022 Full Year Results Alternative Performance Measures Report
SGS 2022 Full Year Results Alternative Performance Measures ReportSGS 2022 Full Year Results Alternative Performance Measures Report
SGS 2022 Full Year Results Alternative Performance Measures Report
 
Q2 fy19-live ramp-earnings-slides-final-v2
Q2 fy19-live ramp-earnings-slides-final-v2Q2 fy19-live ramp-earnings-slides-final-v2
Q2 fy19-live ramp-earnings-slides-final-v2
 
SGS 2021 Full Year Results Alternative Performance Measures
SGS 2021 Full Year Results Alternative Performance MeasuresSGS 2021 Full Year Results Alternative Performance Measures
SGS 2021 Full Year Results Alternative Performance Measures
 
Conference Call 3Q16
Conference Call 3Q16Conference Call 3Q16
Conference Call 3Q16
 
Webslides_Q421_Final.pdf
Webslides_Q421_Final.pdfWebslides_Q421_Final.pdf
Webslides_Q421_Final.pdf
 
Flextronics International Ltd. earning presentation
Flextronics International Ltd. earning presentationFlextronics International Ltd. earning presentation
Flextronics International Ltd. earning presentation
 
Markit q1'15 results presentation
Markit q1'15 results presentationMarkit q1'15 results presentation
Markit q1'15 results presentation
 
Mtw second quarter 2018 earnings call ppt vf
Mtw second quarter 2018 earnings call ppt vfMtw second quarter 2018 earnings call ppt vf
Mtw second quarter 2018 earnings call ppt vf
 
CTEEP's Results Presentation 1Q16
CTEEP's Results Presentation 1Q16 CTEEP's Results Presentation 1Q16
CTEEP's Results Presentation 1Q16
 
Winter 2018
Winter 2018Winter 2018
Winter 2018
 
Q4 2016 investor deck as final
Q4 2016 investor deck as finalQ4 2016 investor deck as final
Q4 2016 investor deck as final
 
2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation
 
UCT Investor Presentation Feb. 2017
UCT Investor Presentation  Feb. 2017UCT Investor Presentation  Feb. 2017
UCT Investor Presentation Feb. 2017
 
SGS 2021 Half Year Results Alternative Performance Measures Report
SGS 2021 Half Year Results Alternative Performance Measures ReportSGS 2021 Half Year Results Alternative Performance Measures Report
SGS 2021 Half Year Results Alternative Performance Measures Report
 
Second Quarter Fiscal 2017
Second Quarter Fiscal 2017Second Quarter Fiscal 2017
Second Quarter Fiscal 2017
 
2nd Quarter 2015 Earnings Release Conference Call
2nd Quarter 2015 Earnings Release Conference Call2nd Quarter 2015 Earnings Release Conference Call
2nd Quarter 2015 Earnings Release Conference Call
 

KĂĽrzlich hochgeladen

Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfProbe Gold
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCRSapana Sha
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfProbe Gold
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfsansanir
 
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...USDAReapgrants.com
 
the 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfthe 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfFrancenel Paul
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024Hector Del Castillo, CPM, CPMM
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfProbe Gold
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024CollectiveMining1
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000Sapana Sha
 
Best investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingBest investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingFalcon Invoice Discounting
 

KĂĽrzlich hochgeladen (15)

young call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
young call girls in Hauz Khas,🔝 9953056974 🔝 escort Serviceyoung call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
young call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdf
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdf
 
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Serviceyoung call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdf
 
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
 
the 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfthe 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdf
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024
 
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCRCall Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdf
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
 
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Serviceyoung Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
 
Best investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingBest investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discounting
 

Fy16 q3 supplemental presentation final

  • 1. Fiscal 2016 Third Quarter Results April 21st, 2016
  • 2. Safe Harbor 2 This presentation contains forward-looking statements within the meaning of Section 27A of the Securities act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, without limitation, the Company’s projections and statements regarding revenue, gross margin, earnings per share, capital expenditures and other financial and business metrics. These statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended June 27, 2015 for a description of some of the risk factors that could cause actual results to differ materially from such forward-looking statements. All forward-looking statements included in this presentation are made as of the date hereof, based on the information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.
  • 3. Fiscal 2016 Third Quarter Results Summary • Net Revenue of $555 million • Gross Margin of 61.4% (excluding special items); 57.4% (GAAP) • Earnings Per Share of $0.41 profit (excluding special items); $0.48 profit (GAAP) • Returned $170 million to shareholders • Dividend payout: $86 million • Stock repurchases: $84 million • TTM1 Free Cash Flow of $681 million, 31% of TTM revenue 3 1TTM: Trailing Twelve Months Note: Free Cash Flow = Cash Flow from Operations – Net Capital Expenditures Net Capital Expenditures = Gross Capital Expenditures – Asset Sales
  • 5. $650M $681M Fiscal 2016 Third Quarter Results vs. Last Year 5 $577M $555M -4% FY15 Q3 FY16 Q3 Revenue $0.40 $0.41 +3% FY15 Q3 FY16 Q3 Earnings per Share (Excluding Special Items2) TTM1 Free Cash Flow3 1TTM: Trailing Twelve Months 2Special Items definition in appendix 3Free Cash Flow: Cash Flow from Operations – Net Capital Expenditures Net Capital Expenditures: Gross Capital Expenditures – Asset Sales FY15 Q3 FY16 Q3 +5%
  • 6. Automotive Industrial Comms & Data Center Consumer Computing -10% Flat FY15 Q3 vs. FY16 Q3 Revenue -30% -9% Fiscal 2016 Third Quarter Results by End Market 6 +25% 17% 28% 22% 29% 4% FY16 Q3 Revenue: $555M Consumer Automotive Industrial Communications & Data Center Computing Note: Due to nature of our general purpose products, estimates by Major Markets are imprecise
  • 7. Fiscal 2016 Fourth Quarter Guidance FY16 Q4 Guidance Revenue $555M – $595M Gross Margin 62% – 64% GAAP excl. Special Items2 (59% – 61% GAAP) Earnings Per Share $0.45 – $0.51 GAAP excl. Special Items2 ($0.40 – $0.46 GAAP) Gross Capital Expenditures Target range of 1 – 3% of revenue 7 1Guidance excludes impact of energy meter business divestiture; otherwise guidance would be “down” 2Special Items definition in Appendix Note: Maxim Integrated’s business outlook does not include the potential impact of any restructuring activity, acquisitions, or other business combinations that may be completed during the quarter. FY16 Q4 End Market Guidance vs. FY16 Q3  Automotive up  Industrial up1  Communications and Data Center modestly up  Consumer strongly up  Computing flat
  • 9. 0% 10% 20% 30% $0 $300 $600 $900 FY11 Q3 FY12 Q3 FY13 Q3 FY14 Q3 FY15 Q3 FY16 Q3 TTM1 Free Cash Flow 9 1TTM: Trailing Twelve Months Note: Free Cash Flow: Cash from Operations – Net Capital Expenditures Net Capital Expenditures: Gross Capital Expenditures – Asset Sales $M As % of Revenue 31%
  • 10. $0 $300 $600 $900 FY11 Q3 FY12 Q3 FY13 Q3 FY14 Q3 FY15 Q3 FY16 Q3 Free Cash Flow, TTM Net Income (ex-SI), TTM TTM1 Free Cash Flow vs. Net Income (excluding Special Items) 10 1TTM: Trailing Twelve Month Note: Free Cash Flow = Cash from Operations – Net Capital Expenditures Net Capital Expenditures = Gross Capital Expenditures – Asset Sales $M
  • 11. Gross CapEx Target: 1 to 3% of Revenue 0% 2% 4% 6% 8% 10% 12% 14% 16% FY11 Q3 FY12 Q3 FY13 Q3 FY14 Q3 FY15 Q3 FY16 Q3 Series3 Depreciation Gross Capital Expenditures Capital Expenditures vs. Depreciation (excluding Special Items) 11 % of Revenue Accelerated Depreciation
  • 12. $0.20 $0.22 $0.24 $0.26 $0.28 $0.30 FY12 Q1 FY14Q1 FY16 Q1 Quarterly Cash Dividend Per Share 12 $0 $50 $100 $150 $200 $250 FY12 Q3 FY14 Q3 FY16 Q3 Dividends & Share Repurchases Dividend Return of Cash to Shareholders Buyback +5% +9% +8% +8% $420M remaining in share repurchase program as of FY16 Q3 end $0.30 +7%
  • 13.
  • 14. 14 Appendix 2Special Items: intangible asset amortization; accelerated depreciation; acquisition-related inventory write-up; impairment of long-lived assets; impairment of goodwill and intangible assets; severance and restructuring; acquisition-related costs; contingent consideration adjustments relating to certain acquisitions; expected loss on rent expense for vacated office space; loss related to sale of land and buildings; impairment of investments in privately-held companies; tax provision impacts due to fixed asset tax basis adjustment relating to prior year depreciation expense.
  • 15. Reconciliation of GAAP vs. GAAP Excluding Special Items (Unaudited) 15 March 26, December 26, March 28, 2016 2015 2015 Reconciliation of GAAP gross profit to GAAP gross profit excluding special items: GAAP gross profit 318,841$ 292,169$ 315,268$ GAAP gross profit % 57.4% 57.2% 54.6% Special items: Intangible asset amortization 11,829 14,734 18,750 Accelerated depreciation (1) 4,066 2,032 9,834 Other cost of goods sold (2) 6,123 - - Total special items 22,018 16,766 28,584 GAAP gross profit excluding special items 340,859$ 308,935$ 343,852$ GAAP gross profit % excluding special items 61.4% 60.5% 59.6% Reconciliation of GAAP operating expenses to GAAP operating expenses excluding special items: GAAP operating expenses 141,133$ 202,636$ 209,818$ Special items: Intangible asset amortization 2,538 3,538 3,977 Impairment of long-lived assets 506 1,950 5,522 Severance and restructuring 2,552 10,652 2,824 Other operating expenses (income), net (3) (55,419) (247) (2,184) Total special items (49,823) 15,893 10,139 GAAP operating expenses excluding special items 190,956$ 186,743$ 199,679$ Reconciliation of GAAP net income (loss) to GAAP net income excluding special items: GAAP net income (loss) 139,810$ 67,469$ 79,433$ Special items: Intangible asset amortization 14,367 18,272 22,727 Accelerated depreciation (1) 4,066 2,032 9,834 Other cost of goods sold (2) 6,123 - - Impairment of long-lived assets 506 1,950 5,522 Severance and restructuring 2,552 10,652 2,824 Other operating expenses (income), net (3) (55,419) (247) (2,184) Interest and other expense (income), net (45) 595 - Pre-taxtotal special items (27,850) 33,254 38,723 Fiscal year 2015 research & development taxcredits - (2,475) - Other income taxeffects and adjustments (4) 5,698 (5,428) (3,910) GAAP net income excluding special items 117,658$ 92,820$ 114,246$ GAAP net income per share excluding special items: Basic 0.41$ 0.33$ 0.40$ Diluted 0.41$ 0.32$ 0.40$ Shares used in the calculation of earnings per share excluding special items: Basic 285,854 285,526 283,418 Diluted 289,783 290,521 288,840 (in thousands, except per share data) Three Months Ended (1) Includes building and equipment accelerated depreciation related to San Jose and Dallas manufacturing facilities. 2016 2015 2015 Reconciliation of GAAP gross profit to GAAP gross profit excluding special items: GAAP gross profit 318,841$ 292,169$ 315,2$ GAAP gross profit % 57.4% 57.2% 54. Special items: Intangible asset amortization 11,829 14,734 18,7 Accelerated depreciation (1) 4,066 2,032 9,8 Other cost of goods sold (2) 6,123 - Total special items 22,018 16,766 28,5 GAAP gross profit excluding special items 340,859$ 308,935$ 343,8$ GAAP gross profit % excluding special items 61.4% 60.5% 59. Reconciliation of GAAP operating expenses to GAAP operating expenses excluding special items: GAAP operating expenses 141,133$ 202,636$ 209,8$ Special items: Intangible asset amortization 2,538 3,538 3,9 Impairment of long-lived assets 506 1,950 5,5 Severance and restructuring 2,552 10,652 2,8 Other operating expenses (income), net (3) (55,419) (247) (2,1 Total special items (49,823) 15,893 10,1 GAAP operating expenses excluding special items 190,956$ 186,743$ 199,6$ Reconciliation of GAAP net income (loss) to GAAP net income excluding special items: GAAP net income (loss) 139,810$ 67,469$ 79,4$ Special items: Intangible asset amortization 14,367 18,272 22,7 Accelerated depreciation (1) 4,066 2,032 9,8 Other cost of goods sold (2) 6,123 - Impairment of long-lived assets 506 1,950 5,5 Severance and restructuring 2,552 10,652 2,8 Other operating expenses (income), net (3) (55,419) (247) (2,1 Interest and other expense (income), net (45) 595 Pre-taxtotal special items (27,850) 33,254 38,7 Fiscal year 2015 research & development taxcredits - (2,475) Other income taxeffects and adjustments (4) 5,698 (5,428) (3,9 GAAP net income excluding special items 117,658$ 92,820$ 114,2$ GAAP net income per share excluding special items: Basic 0.41$ 0.33$ 0$ Diluted 0.41$ 0.32$ 0$ Shares used in the calculation of earnings per share excluding special items: Basic 285,854 285,526 283,4 Diluted 289,783 290,521 288,8 (in thousands, except per share data) (2) Includes expense related to patent license settlement. (3) Includes gain on sale of energy metering business during the third quarter of fiscal year 2016. (1) Includes building and equipment accelerated depreciation related to San Jose and Dallas manufacturing facilities. (4) Includes taxeffect of pre-taxspecial items and miscellaneous taxadjustments.