SlideShare ist ein Scribd-Unternehmen logo
1 von 14
Downloaden Sie, um offline zu lesen
Fiscal 2018 Fourth Quarter Results
July 26, 2018
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 24, 2017 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 and based on
the information available to the Company as of the date hereof. The Company assumes no obligation to
update any forward-looking statement.
Fiscal 2018 Fourth Quarter Results Summary
• Net Revenue of $633 million
• Gross Margin of 68.0% (excluding special items1); 66.1% (GAAP)
• Earnings Per Share of $0.73 (excluding special items1); $0.68 (GAAP)
• Returned $245 million to shareholders
• Dividend payout: $117 million
• Stock repurchases: $128 million
• TTM2 Free Cash Flow (adjusted)3 of $932 million, 38% of TTM Revenue
3
1Special Items definition in appendix
2TTM: Trailing Twelve Months
3Free Cash Flow = Cash Flow from Operations – Capital Expenditures; TTM Cash Flow (adjusted) excludes one-time tax payment of $178M in FY18 Q4
Results and Guidance
4
$722M
Fiscal 2018 Fourth Quarter Results vs. Last Year
$602M
$633M
+5%
FY17 Q4 FY18 Q4
Revenue Earnings per Share
(Excluding Special Items1)
TTM2 Free Cash Flow
(Adjusted)3
FY17 Q4
+29%
$0.63
$0.73
+17%
FY17 Q4 FY18 Q4
5
$932M
FY18 Q4
Unadjusted
TTM Free Cash
Flow: $754M
1Special Items definition in appendix
2TTM: Trailing Twelve Months
3Free Cash Flow = Cash Flow from Operations – Capital Expenditures; TTM Cash Flow (adjusted) excludes one-time tax payment of $178M in FY18 Q4
4Revenue grew 9% YoY if normalized for sell-in accounting in FY17Q4
(+9%, adjusted4)
Automotive Industrial Comms &
Data Center
Consumer Computing
FY17 Q4 and FY18 Q4 Revenue*
Fiscal 2018 Fourth Quarter Results by End Market
6
22%
30%20%
24%
4%
FY18 Q4 Revenue: $633M
Consumer
Automotive
Industrial
Communications & Data Center
Computing
Note: Due to nature of our general purpose products, estimates by Major Markets are imprecise
*FY18 Q4 YoY Revenue Growth including FY17 Q4 accounting transition: Automotive +19%, Industrial +7%, Comms & Data Center -3%, Consumer +3%, Computing -12%
+20%
+13%
+5%
-8%
+2%
Chart Normalized for FY17 Q4 Accounting Transition
Fiscal 2019 First Quarter Guidance
Guidance
Revenue $615M – $655M
Gross Margin
66.5% – 68.5% GAAP excl. Special Items1
(65% – 67% GAAP)
Earnings Per
Share
$0.72 – $0.78 GAAP excl. Special Items1
($0.67 – $0.73 GAAP)
Gross Capital
Expenditures
Target range
of 1 – 3% of revenue
7
1Special 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.
FY19 Q1 End Market Guidance vs. FY18 Q4
â–Ş Automotive: Flat
â–Ş Industrial: Down
â–Ş Comms & Data Center: Flat
â–Ş Consumer: Strongly Up
â–Ş Computing: Strongly Down
Key Metrics
8
0%
10%
20%
30%
40%
0
250
500
750
1,000
FY13
Q4
FY14
Q4
FY15
Q4
FY16
Q4
FY17
Q4
FY18
Q4
TTM2 Free Cash Flow (adjusted)3
9
2TTM: Trailing Twelve Months
3Free Cash Flow = Cash Flow from Operations – Capital Expenditures; TTM Cash Flow (adjusted) excludes one-time tax payment of $178M in FY18 Q4
$M As % of Revenue
38%
Gross CapEx
Target:
1 to 3%
of Revenue
0%
2%
4%
6%
8%
10%
12%
14%
16%
FY13
Q4
FY14
Q4
FY15
Q4
FY16
Q4
FY17
Q4
FY18
Q4
Accelerated Depreciation
Depreciation
Capital Expenditures
Capital Expenditures vs. Depreciation
10
% of Revenue
$0.18
$0.22
$0.26
$0.30
$0.34
$0.38
$0.42
FY12 Q4 FY14 Q4 FY16 Q4 FY18 Q4
Quarterly Cash Dividend Per Share
11
$0
$50
$100
$150
$200
$250
FY12 Q4 FY14 Q4 FY16 Q4 FY18 Q4
Dividends & Share Repurchases
Dividend
Buyback
+9%
+8%
+8%
+9%
+7%
+10%
Quarterly dividend increasing 10% to
$0.46 per share in FY19 Q1
[$M]
Return of Cash to Shareholders
+17%
Share repurchase increased in FY18 Q3 to enable
100% FCF return to shareholders
13
Appendix
1Special 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)
14
June 30, March 31, June 24, June 30, June 24,
2018 2018 2017 2018 2017
Reconciliation of GAAP gross profit to GAAP gross profit excluding special items:
GAAP gross profit 418,668$ 423,946$ 393,666$ 1,626,121$ 1,446,480$
GAAP gross profit % 66.1% 65.4% 65.4% 65.6% 63.0%
Special items:
Intangible asset amortization 11,759 12,101 11,064 46,064 46,485
Accelerated depreciation (1) — — — — 3,459
Total special items 11,759 12,101 11,064 46,064 49,944
GAAP gross profit excluding special items 430,427$ 436,047$ 404,730$ 1,672,185$ 1,496,424$
GAAP gross profit % excluding special items 68.0% 67.2% 67.2% 67.4% 65.2%
Reconciliation of GAAP operating expenses to GAAP operating expenses excluding
special items:
GAAP operating expenses 196,273$ 199,108$ 194,288$ 792,674$ 751,703$
Special items:
Intangible asset amortization 844 876 2,050 4,467 9,189
Impairment of long-lived assets (2) — — — 892 7,517
Severance and restructuring 833 2,272 1,175 15,060 12,453
Other operating expenses (income), net (3) (71) 266 1,923 (1,607) (22,944)
Total special items 1,606 3,414 5,148 18,812 6,215
GAAP operating expenses excluding special items 194,667$ 195,694$ 189,140$ 773,862$ 745,488$
Reconciliation of GAAP net income (loss) to GAAP net income excluding special
items:
GAAP net income (loss) 194,172$ 193,627$ 163,309$ 467,318$ 571,613$
Special items:
Intangible asset amortization 12,603 12,977 13,114 50,531 55,674
Accelerated depreciation (1) — — — — 3,459
Impairment of long-lived assets (2) — — — 892 7,517
Severance and restructuring 833 2,272 1,175 15,060 12,453
Other operating expenses (income), net (3) (71) 266 1,923 (1,607) (22,944)
Interest and other expense (income), net (4) (941) (97) (90) (1,243) (5,661)
Pre-taxtotal special items 12,424 15,418 16,122 63,633 50,498
Other income taxeffects and adjustments (5) 1,194 151 499 (898) (11,465)
Impact of U.S. taxlegislation (6) — — — 243,550 —
GAAP net income excluding special items 207,790$ 209,196$ 179,930$ 773,603$ 610,646$
GAAP net income per share excluding special items:
Basic $0.74 $0.74 $0.64 $2.75 $2.16
Diluted $0.73 $0.73 $0.63 $2.71 $2.12
Shares used in the calculation of earnings per share excluding special items:
Basic 279,304 280,850 282,747 280,979 283,147
Diluted 283,934 285,881 287,494 285,674 287,974
Year Ended
(in thousands, except per share data)
ANALYSIS OF GAAP VERSUS GAAP EXCLUDING SPECIAL ITEMS DISCLOSURES
Three Months Ended
(Unaudited)
(1) Includes building and equipment accelerated depreciation related to the Dallas manufacturing facility during fiscal year 2017.
(2) Includes impairment of investments in privately-held companies and other equipment impairment charges.
(3) Includes gain on sale of the micro-electromechanical systems (MEMS) business line during fiscal year 2017.
(4) Includes gain on sale of shares received for the sale of the wafer manufacturing facility in San Antonio, Texas during fiscal year 2017.
(5) Includes taxeffect of pre-taxspecial items and miscellaneous taxadjustments.
(6) Includes effect of U.S. taxlegislation enacted on December 22, 2017.

Weitere ähnliche Inhalte

Was ist angesagt?

Slides q3 2018 final
Slides q3 2018  final Slides q3 2018  final
Slides q3 2018 final AmeriGas
 
Amazon Q1'2019 Financial Results
Amazon Q1'2019 Financial ResultsAmazon Q1'2019 Financial Results
Amazon Q1'2019 Financial ResultsAWS Daily News
 
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
 
Q2 investor deck final
Q2 investor deck finalQ2 investor deck final
Q2 investor deck finalADAESIR
 
Q4 investor deck final
Q4 investor deck finalQ4 investor deck final
Q4 investor deck finalADAESIR
 
Johnson & Johnson Q408
Johnson & Johnson Q408Johnson & Johnson Q408
Johnson & Johnson Q408earningsreport
 
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord
 
Q318 earnings slides final
Q318 earnings slides finalQ318 earnings slides final
Q318 earnings slides finalsanmina2017ir
 
4 q'17 earnings presentation final
4 q'17 earnings presentation final4 q'17 earnings presentation final
4 q'17 earnings presentation finalq4curtisswright
 
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
 
Inv pres q2_2018_final
Inv pres q2_2018_finalInv pres q2_2018_final
Inv pres q2_2018_finalCNOServices
 
Q4'17 earnings slides final 10 30 17
Q4'17 earnings slides final 10 30 17Q4'17 earnings slides final 10 30 17
Q4'17 earnings slides final 10 30 17sanmina2017ir
 
2 q18 earnings-presentation-vfinal
2 q18 earnings-presentation-vfinal2 q18 earnings-presentation-vfinal
2 q18 earnings-presentation-vfinalcorridorinfra2016ir
 
Q2 2018 earnings call presentation 5.3.18
Q2 2018 earnings call presentation 5.3.18Q2 2018 earnings call presentation 5.3.18
Q2 2018 earnings call presentation 5.3.18Hillenbrand_IR
 
Q2 2018 earnings call slides 07.26.18 final
Q2 2018 earnings call slides 07.26.18   finalQ2 2018 earnings call slides 07.26.18   final
Q2 2018 earnings call slides 07.26.18 finalIronMInc
 
FORM GSTR-4 PPT
FORM GSTR-4 PPTFORM GSTR-4 PPT
FORM GSTR-4 PPTHina juyal
 
Q2'18 earnings slides final 4 23 18
Q2'18 earnings slides final 4 23 18Q2'18 earnings slides final 4 23 18
Q2'18 earnings slides final 4 23 18sanmina2017ir
 
Mack-Cali's 2018 REITWorld Investor Presentation
Mack-Cali's 2018 REITWorld Investor PresentationMack-Cali's 2018 REITWorld Investor Presentation
Mack-Cali's 2018 REITWorld Investor PresentationMorey Marcus
 

Was ist angesagt? (19)

Slides q3 2018 final
Slides q3 2018  final Slides q3 2018  final
Slides q3 2018 final
 
Amazon Q1'2019 Financial Results
Amazon Q1'2019 Financial ResultsAmazon Q1'2019 Financial Results
Amazon Q1'2019 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
 
Q2 investor deck final
Q2 investor deck finalQ2 investor deck final
Q2 investor deck final
 
Q4 investor deck final
Q4 investor deck finalQ4 investor deck final
Q4 investor deck final
 
UMH Properties 1Q16 Update
UMH Properties 1Q16 UpdateUMH Properties 1Q16 Update
UMH Properties 1Q16 Update
 
Johnson & Johnson Q408
Johnson & Johnson Q408Johnson & Johnson Q408
Johnson & Johnson Q408
 
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
 
Q318 earnings slides final
Q318 earnings slides finalQ318 earnings slides final
Q318 earnings slides final
 
4 q'17 earnings presentation final
4 q'17 earnings presentation final4 q'17 earnings presentation final
4 q'17 earnings presentation final
 
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
 
Inv pres q2_2018_final
Inv pres q2_2018_finalInv pres q2_2018_final
Inv pres q2_2018_final
 
Q4'17 earnings slides final 10 30 17
Q4'17 earnings slides final 10 30 17Q4'17 earnings slides final 10 30 17
Q4'17 earnings slides final 10 30 17
 
2 q18 earnings-presentation-vfinal
2 q18 earnings-presentation-vfinal2 q18 earnings-presentation-vfinal
2 q18 earnings-presentation-vfinal
 
Q2 2018 earnings call presentation 5.3.18
Q2 2018 earnings call presentation 5.3.18Q2 2018 earnings call presentation 5.3.18
Q2 2018 earnings call presentation 5.3.18
 
Q2 2018 earnings call slides 07.26.18 final
Q2 2018 earnings call slides 07.26.18   finalQ2 2018 earnings call slides 07.26.18   final
Q2 2018 earnings call slides 07.26.18 final
 
FORM GSTR-4 PPT
FORM GSTR-4 PPTFORM GSTR-4 PPT
FORM GSTR-4 PPT
 
Q2'18 earnings slides final 4 23 18
Q2'18 earnings slides final 4 23 18Q2'18 earnings slides final 4 23 18
Q2'18 earnings slides final 4 23 18
 
Mack-Cali's 2018 REITWorld Investor Presentation
Mack-Cali's 2018 REITWorld Investor PresentationMack-Cali's 2018 REITWorld Investor Presentation
Mack-Cali's 2018 REITWorld Investor Presentation
 

Ă„hnlich wie Q418 earnings presentation final2

Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationmaxim2015ir
 
Q318 earnings presentation final
Q318 earnings presentation finalQ318 earnings presentation final
Q318 earnings presentation finalmaxim2015ir
 
Fy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentationFy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentationmaxim2015ir
 
Q317 Earnings Presentation
Q317 Earnings PresentationQ317 Earnings Presentation
Q317 Earnings Presentationmaxim2015ir
 
Earnings Presentation Q217
Earnings Presentation Q217Earnings Presentation Q217
Earnings Presentation Q217maxim2015ir
 
Q417 earnings presentation final
Q417 earnings presentation finalQ417 earnings presentation final
Q417 earnings presentation finalmaxim2015ir
 
FY16Q2 Earnings Presentation
FY16Q2 Earnings PresentationFY16Q2 Earnings Presentation
FY16Q2 Earnings Presentationmaxim2015ir
 
Fy16 q3 supplemental web presentation
Fy16 q3 supplemental web presentationFy16 q3 supplemental web presentation
Fy16 q3 supplemental web presentationmaxim2015ir
 
Fy16 q1 earnings-presentation
Fy16 q1 earnings-presentationFy16 q1 earnings-presentation
Fy16 q1 earnings-presentationmaxim2015ir
 
2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentationsanmina2017ir
 
Q1 2018 earnings final (002)
Q1 2018 earnings final (002)Q1 2018 earnings final (002)
Q1 2018 earnings final (002)Masco_Investors
 
Second Quarter Fiscal 2017
Second Quarter Fiscal 2017Second Quarter Fiscal 2017
Second Quarter Fiscal 2017sanmina2017ir
 
Solvay 9 months 2018 results - Presentation
Solvay 9 months 2018 results - PresentationSolvay 9 months 2018 results - Presentation
Solvay 9 months 2018 results - PresentationSolvay Group
 
Q3'17 earnings slides final 7 24 17
Q3'17 earnings slides final 7 24 17Q3'17 earnings slides final 7 24 17
Q3'17 earnings slides final 7 24 17sanmina2017ir
 
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial ResultsRexnord
 
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019Rexnord
 
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord
 
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
 
4Q18 Results Presentation - CPFL Energia
4Q18 Results Presentation - CPFL Energia4Q18 Results Presentation - CPFL Energia
4Q18 Results Presentation - CPFL EnergiaCPFL RI
 

Ă„hnlich wie Q418 earnings presentation final2 (20)

Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentation
 
Q318 earnings presentation final
Q318 earnings presentation finalQ318 earnings presentation final
Q318 earnings presentation final
 
Fy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentationFy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentation
 
Q317 Earnings Presentation
Q317 Earnings PresentationQ317 Earnings Presentation
Q317 Earnings Presentation
 
Earnings Presentation Q217
Earnings Presentation Q217Earnings Presentation Q217
Earnings Presentation Q217
 
Q417 earnings presentation final
Q417 earnings presentation finalQ417 earnings presentation final
Q417 earnings presentation final
 
FY16Q2 Earnings Presentation
FY16Q2 Earnings PresentationFY16Q2 Earnings Presentation
FY16Q2 Earnings Presentation
 
Fy16 q3 supplemental web presentation
Fy16 q3 supplemental web presentationFy16 q3 supplemental web presentation
Fy16 q3 supplemental web presentation
 
Fy16 q1 earnings-presentation
Fy16 q1 earnings-presentationFy16 q1 earnings-presentation
Fy16 q1 earnings-presentation
 
2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation
 
Q1 2018 earnings final (002)
Q1 2018 earnings final (002)Q1 2018 earnings final (002)
Q1 2018 earnings final (002)
 
Second Quarter Fiscal 2017
Second Quarter Fiscal 2017Second Quarter Fiscal 2017
Second Quarter Fiscal 2017
 
Solvay 9 months 2018 results - Presentation
Solvay 9 months 2018 results - PresentationSolvay 9 months 2018 results - Presentation
Solvay 9 months 2018 results - Presentation
 
Q3'17 earnings slides final 7 24 17
Q3'17 earnings slides final 7 24 17Q3'17 earnings slides final 7 24 17
Q3'17 earnings slides final 7 24 17
 
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial Results
 
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019
 
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial Results
 
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
 
Winter 2018
Winter 2018Winter 2018
Winter 2018
 
4Q18 Results Presentation - CPFL Energia
4Q18 Results Presentation - CPFL Energia4Q18 Results Presentation - CPFL Energia
4Q18 Results Presentation - CPFL Energia
 

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
 
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
 
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
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfProbe Gold
 
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
 
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
 
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
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfsansanir
 
The Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityThe Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityJohanAspro
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024CollectiveMining1
 
Basic Accountants in|TaxlinkConcept.pdf
Basic  Accountants in|TaxlinkConcept.pdfBasic  Accountants in|TaxlinkConcept.pdf
Basic Accountants in|TaxlinkConcept.pdftaxlinkcpa
 
Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024nicola_mining
 
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
 

KĂĽrzlich hochgeladen (19)

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
 
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
 
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
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdf
 
young call girls in Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Service
young  call girls in   Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Serviceyoung  call girls in   Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Service
young call girls in Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Service
 
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...
 
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
 
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
 
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
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdf
 
The Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityThe Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanity
 
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
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024
 
Basic Accountants in|TaxlinkConcept.pdf
Basic  Accountants in|TaxlinkConcept.pdfBasic  Accountants in|TaxlinkConcept.pdf
Basic Accountants in|TaxlinkConcept.pdf
 
Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024
 
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
 
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
 
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
 

Q418 earnings presentation final2

  • 1. Fiscal 2018 Fourth Quarter Results July 26, 2018
  • 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 24, 2017 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 and based on the information available to the Company as of the date hereof. The Company assumes no obligation to update any forward-looking statement.
  • 3. Fiscal 2018 Fourth Quarter Results Summary • Net Revenue of $633 million • Gross Margin of 68.0% (excluding special items1); 66.1% (GAAP) • Earnings Per Share of $0.73 (excluding special items1); $0.68 (GAAP) • Returned $245 million to shareholders • Dividend payout: $117 million • Stock repurchases: $128 million • TTM2 Free Cash Flow (adjusted)3 of $932 million, 38% of TTM Revenue 3 1Special Items definition in appendix 2TTM: Trailing Twelve Months 3Free Cash Flow = Cash Flow from Operations – Capital Expenditures; TTM Cash Flow (adjusted) excludes one-time tax payment of $178M in FY18 Q4
  • 5. $722M Fiscal 2018 Fourth Quarter Results vs. Last Year $602M $633M +5% FY17 Q4 FY18 Q4 Revenue Earnings per Share (Excluding Special Items1) TTM2 Free Cash Flow (Adjusted)3 FY17 Q4 +29% $0.63 $0.73 +17% FY17 Q4 FY18 Q4 5 $932M FY18 Q4 Unadjusted TTM Free Cash Flow: $754M 1Special Items definition in appendix 2TTM: Trailing Twelve Months 3Free Cash Flow = Cash Flow from Operations – Capital Expenditures; TTM Cash Flow (adjusted) excludes one-time tax payment of $178M in FY18 Q4 4Revenue grew 9% YoY if normalized for sell-in accounting in FY17Q4 (+9%, adjusted4)
  • 6. Automotive Industrial Comms & Data Center Consumer Computing FY17 Q4 and FY18 Q4 Revenue* Fiscal 2018 Fourth Quarter Results by End Market 6 22% 30%20% 24% 4% FY18 Q4 Revenue: $633M Consumer Automotive Industrial Communications & Data Center Computing Note: Due to nature of our general purpose products, estimates by Major Markets are imprecise *FY18 Q4 YoY Revenue Growth including FY17 Q4 accounting transition: Automotive +19%, Industrial +7%, Comms & Data Center -3%, Consumer +3%, Computing -12% +20% +13% +5% -8% +2% Chart Normalized for FY17 Q4 Accounting Transition
  • 7. Fiscal 2019 First Quarter Guidance Guidance Revenue $615M – $655M Gross Margin 66.5% – 68.5% GAAP excl. Special Items1 (65% – 67% GAAP) Earnings Per Share $0.72 – $0.78 GAAP excl. Special Items1 ($0.67 – $0.73 GAAP) Gross Capital Expenditures Target range of 1 – 3% of revenue 7 1Special 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. FY19 Q1 End Market Guidance vs. FY18 Q4 â–Ş Automotive: Flat â–Ş Industrial: Down â–Ş Comms & Data Center: Flat â–Ş Consumer: Strongly Up â–Ş Computing: Strongly Down
  • 9. 0% 10% 20% 30% 40% 0 250 500 750 1,000 FY13 Q4 FY14 Q4 FY15 Q4 FY16 Q4 FY17 Q4 FY18 Q4 TTM2 Free Cash Flow (adjusted)3 9 2TTM: Trailing Twelve Months 3Free Cash Flow = Cash Flow from Operations – Capital Expenditures; TTM Cash Flow (adjusted) excludes one-time tax payment of $178M in FY18 Q4 $M As % of Revenue 38%
  • 10. Gross CapEx Target: 1 to 3% of Revenue 0% 2% 4% 6% 8% 10% 12% 14% 16% FY13 Q4 FY14 Q4 FY15 Q4 FY16 Q4 FY17 Q4 FY18 Q4 Accelerated Depreciation Depreciation Capital Expenditures Capital Expenditures vs. Depreciation 10 % of Revenue
  • 11. $0.18 $0.22 $0.26 $0.30 $0.34 $0.38 $0.42 FY12 Q4 FY14 Q4 FY16 Q4 FY18 Q4 Quarterly Cash Dividend Per Share 11 $0 $50 $100 $150 $200 $250 FY12 Q4 FY14 Q4 FY16 Q4 FY18 Q4 Dividends & Share Repurchases Dividend Buyback +9% +8% +8% +9% +7% +10% Quarterly dividend increasing 10% to $0.46 per share in FY19 Q1 [$M] Return of Cash to Shareholders +17% Share repurchase increased in FY18 Q3 to enable 100% FCF return to shareholders
  • 12.
  • 13. 13 Appendix 1Special 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.
  • 14. Reconciliation of GAAP vs. GAAP Excluding Special Items (Unaudited) 14 June 30, March 31, June 24, June 30, June 24, 2018 2018 2017 2018 2017 Reconciliation of GAAP gross profit to GAAP gross profit excluding special items: GAAP gross profit 418,668$ 423,946$ 393,666$ 1,626,121$ 1,446,480$ GAAP gross profit % 66.1% 65.4% 65.4% 65.6% 63.0% Special items: Intangible asset amortization 11,759 12,101 11,064 46,064 46,485 Accelerated depreciation (1) — — — — 3,459 Total special items 11,759 12,101 11,064 46,064 49,944 GAAP gross profit excluding special items 430,427$ 436,047$ 404,730$ 1,672,185$ 1,496,424$ GAAP gross profit % excluding special items 68.0% 67.2% 67.2% 67.4% 65.2% Reconciliation of GAAP operating expenses to GAAP operating expenses excluding special items: GAAP operating expenses 196,273$ 199,108$ 194,288$ 792,674$ 751,703$ Special items: Intangible asset amortization 844 876 2,050 4,467 9,189 Impairment of long-lived assets (2) — — — 892 7,517 Severance and restructuring 833 2,272 1,175 15,060 12,453 Other operating expenses (income), net (3) (71) 266 1,923 (1,607) (22,944) Total special items 1,606 3,414 5,148 18,812 6,215 GAAP operating expenses excluding special items 194,667$ 195,694$ 189,140$ 773,862$ 745,488$ Reconciliation of GAAP net income (loss) to GAAP net income excluding special items: GAAP net income (loss) 194,172$ 193,627$ 163,309$ 467,318$ 571,613$ Special items: Intangible asset amortization 12,603 12,977 13,114 50,531 55,674 Accelerated depreciation (1) — — — — 3,459 Impairment of long-lived assets (2) — — — 892 7,517 Severance and restructuring 833 2,272 1,175 15,060 12,453 Other operating expenses (income), net (3) (71) 266 1,923 (1,607) (22,944) Interest and other expense (income), net (4) (941) (97) (90) (1,243) (5,661) Pre-taxtotal special items 12,424 15,418 16,122 63,633 50,498 Other income taxeffects and adjustments (5) 1,194 151 499 (898) (11,465) Impact of U.S. taxlegislation (6) — — — 243,550 — GAAP net income excluding special items 207,790$ 209,196$ 179,930$ 773,603$ 610,646$ GAAP net income per share excluding special items: Basic $0.74 $0.74 $0.64 $2.75 $2.16 Diluted $0.73 $0.73 $0.63 $2.71 $2.12 Shares used in the calculation of earnings per share excluding special items: Basic 279,304 280,850 282,747 280,979 283,147 Diluted 283,934 285,881 287,494 285,674 287,974 Year Ended (in thousands, except per share data) ANALYSIS OF GAAP VERSUS GAAP EXCLUDING SPECIAL ITEMS DISCLOSURES Three Months Ended (Unaudited) (1) Includes building and equipment accelerated depreciation related to the Dallas manufacturing facility during fiscal year 2017. (2) Includes impairment of investments in privately-held companies and other equipment impairment charges. (3) Includes gain on sale of the micro-electromechanical systems (MEMS) business line during fiscal year 2017. (4) Includes gain on sale of shares received for the sale of the wafer manufacturing facility in San Antonio, Texas during fiscal year 2017. (5) Includes taxeffect of pre-taxspecial items and miscellaneous taxadjustments. (6) Includes effect of U.S. taxlegislation enacted on December 22, 2017.