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8-K - FORM 8-K - PERICOM SEMICONDUCTOR CORPv366446_8k.htm
EX-99.1 - EXHIBIT 99.1 - PERICOM SEMICONDUCTOR CORPv366446_ex99-1.htm

 

Pericom Semiconductor: (NASDAQ: PSEM) Q2 Fiscal Year 2014 Earnings

 
 

2 Copyright Pericom Semiconductor Corp 2012 Confidential » This presentation will include remarks about future expectations, plans and prospects for Pericom which constitute forward - looking statements for purposes of the safe - harbor provisions under applicable federal securities laws. Such forward - looking statements include the statements in the slide entitled ”Q3FY14 Business Outlook”, which sets forth expected revenues, gross margin and other financial results for the fiscal third quarter . » Actual results may differ materially from our forward - looking statements, as a result of various important risks and uncertainties, including unexpected softness in demand for our products, price erosion for certain of our products, customer decisions to reduce inventory and other risks and uncertainties which are detailed and may be reviewed in the Company’s filings with the SEC. » All forward - looking statements included in this presentation are made as of the date of this presentation, and Pericom expressly disclaims any obligation to update the information provided in this presentation, except as required by law. » We encourage you to review our most recent annual report on Form 10 - K and our most recent quarterly report on Form 10 - Q filed with the SEC and, in particular the risk factor sections of those filings. Safe Harbor

 
 

3 Copyright Pericom Semiconductor Corp 2012 Confidential » Quarterly revenue of $32.0M » Decreased 2 % Q - to - Q and increased 5% vs. Q2 FY13 » Geographic distribution » Asia at 93%, North America at 5%, Europe at 2% » Channel sales mix » International distribution at 66%, CMs at 23%, OEMs at 8%, North America distribution at 3%. Q2 Earnings Overview (Non - GAAP Results)

 
 

4 Copyright Pericom Semiconductor Corp 2012 Confidential » Gross margin of 39.8% » Decreased 1.1% sequentially and increased 1.3% YoY » Operating expense of $11.1 M vs. $11.2 M last Q » Operating income of $1.7 M vs. $2.2 M last Q » Operating income margin of 5 % » Net income of $1.9 M vs. $1.9 M last Q » Net profit margin of 6% » EPS of 8 cents vs. 8 cents last Q » Tax Rate of 32% for Q2 vs. 29% last Q Q2 Earnings Overview (Non - GAAP Results)

 
 

5 Copyright Pericom Semiconductor Corp 2012 Confidential Cash & Investments $ 118M Working Capital $106M Total Assets $ 245M Total Liabilities $33M Shareholders’ Equity $ 212M Book Value/Share $ 9.19 Cash & Investments/Share $ 5.12 Dec. 2013 Strong Balance Sheet

 
 

6 Copyright Pericom Semiconductor Corp 2012 Confidential » Product mix as % of revenues » IC at 62% » Included analog switch at 17%, digital switch at 5%, silicon clocks at 10%, connect at 17%, interface at 3% » 10% from PTI » FCP at 38% » Top five end customers » Accounted for 33% of total revenue » One customer accounted for 11% of total revenue Q2 Product Mix and Key Customers

 
 

7 Copyright Pericom Semiconductor Corp 2012 Confidential » Introduced 14 new products: » Targeted to our focus market segments (in parenthesis) » Connectivity and Switching – 5 new products: » Power Management USB Charger – (Automotive, Mobility) » Power Management Load Switches – (Mobility, Computing) » Supervisory IC – (Consumer) » Timing – 6 new products: » High Performance Clock Generators and Buffers – (Networking) » Real Time Clock - XO families (Networking, Mobility) » Signal Integrity – 3 new products: » Advanced USB3 ReDriver/Repeaters – (Mobility, Consumer, Computing) New Products – 2QFY14

 
 

8 Copyright Pericom Semiconductor Corp 2012 Confidential Range of Estimates Revenue $30.0M to $32.5M Gross Margin 38.5% to 40.5% Operating Expense $10.8M to $11.3M Other Income $0.5M to $0.8M Tax Rate 25% to 29% Q3 FY14 Business Outlook (Non - GAAP)

 
 

9 Copyright Pericom Semiconductor Corp 2012 Confidential Pericom Semiconductor: Enabling Serial Connectivity ( Nasdaq : PSEM) Fiscal 2Q14 Earnings Q & A