Volterra Semiconductor 2012 Analyst Day

140 Pages·2012·4.38 MB·English

by  Jeff Staszak

Silicon Power Solutions™
Volterra Semiconductor
2012 Analyst Day
September 18th, 2012
Safe Harbor Statements
 This presentation contains forward-looking statements based on current
expectations of Volterra. The words “expect,” “will,” “should,” “would,”
“anticipate,” “project,” “outlook,” “believe,” “intend,” and similar phrases as they
relate to future events are intended to identify such forward-looking
statements.
 These forward-looking statements reflect the current views and assumptions of
Volterra but are subject to various risks and uncertainties that could cause
actual results to differ materially from expectations. Such risk factors are
detailed in our filings with the Securities and Exchange Commission, including
our most recent quarterly report on Form 10-Q filed on August 1, 2012 for the
quarter ended June 30, 2012.
 Volterra assumes no obligation to update these forward-looking statements.
 This presentation includes non-GAAP financial measures. You can find the
most directly comparable GAAP financial measures and a reconciliation of the
differences between these non-GAAP financial measures and the most directly
comparable GAAP financial measures on our website at www.volterra.com
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Agenda
Company Overview Jeff Staszak
Financials Mike Burns
Server & Storage/Networking & Telecom Bill Numann
Notebook Craig Teuscher
Product Showcase & Break
Technology Anthony Stratakos
Sales Tom Truman
Q & A Volterra Team
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Key Messages
 We remain healthy as the anemic economic
recovery continues.

 It has delayed but will not prevent Volterra from
achieving our long-term growth, market strategy and
goals

 Focus in-depth on Volterra’s opportunities and
technology

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Reiterate Q3 guidance
Expect Q3 revenue, EPS and GM within guidance

Revenue $42M to $45M
Non-GAAP EPS 28 to 34 cents
Gross Margin 58.5% to 59%

Market end demand remains soft overall

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Management Team Presenters
Jeffrey Staszak
President and Chief Executive Officer
Mike Burns William Numann Craig Teuscher Anthony Stratakos Thomas Truman
SVP, Finance & SVP, Server and SVP, Notebook SVP, Advanced VP, WW Sales
CFO Storage & Product Group R & D
Communications
Product Groups
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Volterra History
 1996: Founded in Berkeley, CA
• Original 4 technical founders still employed at VLTR
 1999: Introduced our first products
 2000: Enabled server, storage & communication markets
 2001: First full year of revenue
 2004: IPO & First year of profitability
 2006: First notebook revenue
 2008: First $100M revenue year
 2010: First $150M revenue year
 2012: More Records Projected
• 12th straight year of revenue growth
• 9th straight year of profitability
• ~ $1B in cumulative revenue since 2001
• > 600M units shipped since 2001
• Introducing 4th target market segment

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2012 Another record year in revenue projected
In Millions
$155
$154
$150
$104 $105
$100
$75 $75
$54
$50 $44
$25
$16
$4
$0
2002 2004 2006 2008 2010 2012
40% CAGR since 2001; 24% CAGR since 2003
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2013 to 2015: More of The Same
 2011 – Notebook drove growth
• ~$21M in 2010 to >$50M in 2011

 2012 – Revenue Growth Continues
• Servers: Intel Romley & AMD Ramps
• Notebooks: Intel Chief River

 2013/15 – Existing & New Growth Initiatives
• Servers, Notebooks, Communications & New Market

Our Next Revenue Milestone in Sight: $250M
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Investment Highlights
Large, growing power management opportunity
Physics is driving adoption of our technology
Advanced power management leader
with proprietary technology
Diverse markets and applications
Blue chip customers
Attractive financial model
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