Qualcomm Analyst Day - Corporate Solutions PDF
Preview Qualcomm Analyst Day - Corporate Solutions
Qualcomm Analyst Day NOVEMBER 15, 2012 Safe Harbor, Regulation G and Corporate Structure In addition to the historical information contained herein, this presentation contains forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding our financial and business guidance, estimates and outlook; industry trends and forecasts; our growth initiatives; business and growth opportunities, and our positioning to take advantage of those opportunities; our product roadmap, and future products, features and functionality. Forward-looking statements are generally identified by words such as “estimates,” “guidance” and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks associated with the commercial deployment of our technologies and our customers’ and licensees’ sales of equipment, products and services based on these technologies; competition; our dependence on a small number of customers and licensees; attacks on our licensing business model, including current and future legal proceedings and actions of governmental or quasi-governmental bodies; our dependence on third-party suppliers, including the potential impact of supply constraints; the enforcement and protection of our intellectual property rights; claims by third parties that we infringe their intellectual property; global economic conditions that impact the communications industry and the potential impact on demand for our products and our customers’ and licensees’ products; our stock price and earnings volatility; strategic transactions and investments; the commercial success of our QMT division’s display technology; foreign currency fluctuations; and failures, defects or errors in our products and services or in the products of our customers and licensees. These and other risks are set forth in our most recent Form 10-K filed with the SEC, copies of which are available on our website at www.qualcomm.com. We undertake no obligation to update any forward-looking statements. This presentation includes a discussion of “non-GAAP financial measures” as that term is defined in Regulation G. The most directly comparable GAAP financial measures and information reconciling these non-GAAP financial measures to the Company’s financial results prepared in accordance with GAAP have been included at the end of this presentation. Throughout today’s presentations we refer to “Qualcomm” for ease of reference. However, please recall that in connection with our recent reorganization, Qualcomm Incorporated continues to operate QTL and own the vast majority of our patent portfolio, while Qualcomm Technologies, Inc., its wholly-owned subsidiary, now operates substantially all of our products and services businesses, including QCT, and substantially all of our research and development functions. 2 9:10AM: Paul Jacobs 10:10AM: Steve Mollenkopf 11:00AM: Lunch Break 11:30AM: Derek Aberle 12:00PM: Bill Keitel 12:30PM: Q&A 3 Dr. Paul E. Jacobs CHAIRMAN AND CEO 4 Record revenues and earnings Record QCT MSM chip shipments Record 3G/4G device shipments by QTL licensees Continued investment in technology leadership Positioned well for trends in the mobile wireless industry 5 Cumulative $19.5 Billion* Returned to Stockholders CUMULATIVE SINCE 2003 STOCK REPURCHASES DIVIDENDS PAID FISCAL 2012 STOCK REPURCHASES DIVIDENDS PAID DIVIDENDS PAID PER SHARE REMAINS AVAILABLE FOR REPURCHASE UNDER CURRENT BOARD AUTHORIZATION *As of November 7, 2012 6 Growth Since 2005 Market Cap Revenues EPS Cash & Marketable (GAAP) Securities ~$100B $26.8B ~$23B - $24B ~$3.40- $3.60 ~$55B $7.9B $5.7B $1.26 Jul’05 Nov’12 FY’05 FY’13e* FY’05 FY’13e Jun’05 Sep’12 *Guidance as of November 7, 2012; % growth for FY’13 guidance presented at the midpoint 7 Continued adoption of smartphones Growth of 3G in emerging regions QCT: • Technology leadership • Roadmap breadth and depth • New computing and connectivity opportunities QTL: Industry-leading licensing program Double-digit revenue and EPS CAGR targets over the next five years* ~27% pre-revenue R&D* *Estimates as of November 15, 2012 8 Wafer Supply 9 Evolving Industry Dynamics 10
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