Attached files
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| 8-K - FORM 8-K - DIODES INC /DEL/ | d738422d8k.htm |
 Stockholders’
Meeting
Corporate Presentation
May 27,
2014
Exhibit 99.1 |
 Safe
Harbor Statement Page 2
Any
statements
set
forth
herein
that
are
not
historical
facts
are
forward-looking
statements
that
involve
risks
and
uncertainties
that
could
cause
actual
results
to
differ
materially
from
those
in
the
forward-looking
statements.
Such
forward-looking
statements
include,
but
are
not
limited
to,
statements
regarding
Diodes
Incorporated’s
2Q
2014
business
outlook
as
of
May
8,
2014,
which
includes
the
following:
expect
revenue
to
increase
to
a
range
of
$216
million
and
$229
million,
or
up
2.9
to
9.1
percent
sequentially;
expect
gross
margin
to
be
30.5
percent,
plus
or
minus
2
percent;
operating
expenses
are
expected
to
be
approximately
21.8
percent
of
revenue,
plus
or
minus
1
percent;
expect
income
tax
rate
to
range
between
19
and
25
percent,
and
shares
used
to
calculate
EPS
for
the
second
quarter
are
anticipated
to
be
approximately
48.2
million;
and
other
statements
identified
by
words
such
as
“estimates,”
“expects,”
“projects,”
“plans,”
“will”
and
similar
expressions.
Potential
risks
and
uncertainties
include,
but
are
not
limited
to,
such
factors
as:
the
possibility
that
the
transaction
may
not
be
consummated,
including
as
a
result
of
any
of
the
conditions
precedent;
the
risk
that
BCD’s
business
will
not
be
integrated
successfully
into
the
Company’s;
the
risk
that
the
expected
benefits
of
the
acquisition
may
not
be
realized,
including
the
realization
of
the
accretive
effect
of
the
acquisition;
the
risk
that
BCD’s
standards,
procedures
and
controls
will
not
be
brought
into
conformance
within
the
Company’s
operation;
difficulties
coordinating
the
Company’s
and
BCD’s
new
product
and
process
development,
hiring
additional
management
and
other
critical
personnel,
and
increasing
the
scope,
geographic
diversity
and
complexity
of
the
Company’s
operations;
difficulties
in
consolidating
facilities
and
transferring
processes
and
know-how;
difficulties
in
reducing
the
costs
of
BCD’s
business;
the
diversion
of
our
management’s
attention
from
the
management
of
our
business;
Diodes’
business
and
growth
strategy;
the
introduction
and
market
reception
to
new
product
announcements;
fluctuations
in
product
demand
and
supply;
prospects
for
the
global
economy;
continued
introduction
of
new
products;
Diodes’
ability
to
maintain
customer
and
vendor
relationships;
technological
advancements;
impact
of
competitive
products
and
pricing;
growth
in
targeted
markets;
successful
integration
of
acquired
companies
and/or
assets;
Diodes’
ability
to
successfully
make
additional
acquisitions;
risks
of
domestic
and
foreign
operations,
including
excessive
operation
costs,
labor
shortages,
higher
tax
rates
and
joint
venture
prospects;
unfavorable
currency
exchange
rates;
availability
of
tax
credits;
Diodes’
ability
to
maintain
its
current
growth
strategy
or
continue
to
maintain
its
current
performance
and
loadings
in
manufacturing
facilities;
our
future
guidance
may
be
incorrect;
the
global
economic
weakness
may
be
more
severe
or
last
longer
than
Diodes
currently
anticipate;
and
other
information,
including
the
“Risk
Factors,”
detailed
from
time
to
time
in
filings
with
the
United
States
Securities
and
Exchange
Commission.
This
presentation
also
contains
non-GAAP
measures.
See
the
Company’s
press
releases
on
May
8,
2014
titled,
“Diodes
Incorporated
Reports
First
Quarter
2014
Financial
Results”
for
detailed
information
related
to
the
Company’s
non-GAAP
measures
and
a
reconciliation
of
GAAP
net
income
(loss)
to
non-GAAP
net
income
(loss). |
 Page
3 A leading global manufacturer and
supplier of high-quality application
specific,
standard
products
within
the broad discrete, logic and analog
markets, serving the computing,
consumer, industrial,
communications
and automotive
segments.
About Diodes Incorporated |
 Business Objective
To consistently achieve
above-market profitable growth,
utilizing our innovative and
cost-effective packaging technology,
suited for high volume, high growth
markets by leveraging process expertise
and design excellence to deliver high
quality semiconductor products.
Page 4 |
 2013
Total Semiconductor Market ($306 bn) Significant Market Opportunity
Page 5
$134 bn
$28 bn
$67 bn
$40 bn
$18 bn
Diodes’
SAM:
$9 -
$11 bn
Diodes’
SAM:
$14 -
$16 bn
Opto
$18 bn
Std Logic
Analog
Discrete
Micro/Special
Memory
Diodes’
SAM:
$2 -
$4 bn |
 Diodes
Growth Strategy Page 6
Many Paths for Growth:
Product Portfolio
Product arena
Product line expansion
Performance enhancement
Application Space
Targeted end equipment
Broad customer base
Increased product coverage
Packaging Breadth
Broad packaging portfolio
Increased power density
Small form factor |
 2006
2010
Product Portfolio Progression
Page 7
Discrete
Diodes
MOSFETs
Rectifiers
Transistors
Protection Devices
Analog
Power Management
Power Switches
Standard Linear
Sensors
LED Drivers
Logic
Low Voltage CMOS
High Speed CMOS
Advanced Ultra-Low
Power CMOS |
 Efficiency, Functionality and Control for Smartphones
Page 8
LCD Backlighting
LED Drivers
Boost Converters
Schottky Diodes
LCD / OLED Display Bias
LCD Bias ICs
OLED Bias ICs
Schottky Diodes
LED Flash Module
Camera Flash Drivers
ZXMN series MOSFETs
Keypad Backlighting
LED Drivers
Boost Converters
Schottky Diodes
System Voltage Conversion
Low Dropout Regulators
DC-DC Converters
Schottky Diodes
Low-Saturation Bipolar Transistors
GPS Antenna Detection
Current Monitors
Flip / Slide / Holstor Detectio
Hall Effect Sensors
Hall Effect Drivers
Battery Power Management
USB Power Switches
Current Monitors
Charger ICs
Low-Saturation Bipolar Transistors
ZXMP series MOSFETs
RF Power Amplifier
Low Dropout Regulators
Audio Amplifier
Class D Amplifier |
 Page
9 Packaging Focus: Miniaturization and Power Efficiency
SOT143/SC82
SOT23F
SOT23/523
SC59
SOD-323F
SOD123/323
SOT666
SOT953/963
SOT26/363
SOT25/353
TSOT23-3/5/6
TO252
TO220/263/
ITO220S
SOT223
SIP-3/4
PM-III
QSOP16/20L
MSOP8/10
SOIC-8/10
TSSOP8
TSSOP14/16
SOIC14/16
PD-5
PD-123/323
Power DI 5060
Power DI 3030
Non-expose Pad
Power DI 3333
QFN 3~16 pin
0.4mm DFN
DFN1006-2
DFN0603-2
DFN0806-3
WL-CSP
DFN1114-3
Pyramid Stack
DFN5060-4
Bridge
Power DI 4040
Copper + Clip
SOLAR
PowerDI-5SP
E-CSP
Flip chip/Wafer Mold
QFN 32 pin
DFN4030C-12
DFN0808-4
0.35mm Thickness
SLP3010N9 |
 Page
10 Packaging Focus: Miniaturization and Power Efficiency
Power Efficiency
Miniaturization
DFN
0603-2
Possibly
the smallest Discrete
semiconductor package.
Compared to a TO252, the
PowerDI
®
5 package delivers
twice the power density from
a 55% smaller footprint.
PowerDI
®
5
TO252 |
 Annual Revenue Growth Rates
Outperforming the Industry
Page 11
2003 to 2013 Growth
Diodes Inc.: 19.7%
SAM Industry: 3.81%
Industry (Discrete + Analog + Logic)
*Acquisition Years |
 Revenue Growth
( In millions )
(
* The year with acquisition )
*
*
*
*
Page 12 |
 Revenue Profile –
1Q2014
By Channel
By Region
By End Market
Page 13
10%
80%
10%
Asia Pacific
Europe
North America
68%
32%
Distribution
OEM / EMS
20%
20%
22%
34%
4%
Industrial
Consumer
Communications
Automotive
Computing |
 First
Quarter 2014 Financial Performance Page 14
In millions, except per share
1Q13
4Q13
1Q14
Q/Q
Y/Y
Revenue
$177.0
$211.0
$210.0
-$1.0
$33.0
Revenue Growth
-0.5%
18.6%
Gross Margin % (GAAP)
26.1%
28.8%
29.3%
50bp
320bp
Gross Profit (GAAP)
$46.2
$60.8
$61.6
$0.8
$15.4
Net Income (GAAP)
-$1.9
$6.2
$10.2
$4.0
$12.1
Net Income (non-GAAP)
$7.5
$11.3
$12.4
$1.1
$4.9
EPS (non-GAAP)
$0.16
$0.24
$0.26
$0.02
$0.10
Cash Flow from Operations
$31.3
$32.1
$46.1
$14.0
$14.8
EBITDA (non-GAAP)
$23.1
$28.9
$32.8
$3.9
$9.7 |
 Balance Sheet
Page 15
Dec 31, 2013
Cash
$157
$197
$212
Short-term Investments
$23
$21
Inventory
$153
$180
$177
Current Assets
$491
$650
$643
Total Assets
$920
$1162
$1141
Long-term Debt
$ 44
$ 183
$ 165
Total Liabilities
$200
$419
$386
Total Equity
$720
$744
$755
Mar 31, 2014
In millions
Dec 31, 2012 |
 Thank you
Company Contact:
Diodes Incorporated
Laura Mehrl
Director of Investor Relations
P: 972-987-3959
E: laura_mehrl@diodes.com
Investor Relations Contact:
Shelton Group
Leanne K. Sievers
EVP, Investor Relations
P: 949-224-3874
E: lsievers@diodes.com
www.diodes.com
Diodes was named one of
the 10 Best Stocks of the
Past 20 Years –
March 2012 |