Qualcomm Analyst Day - Fortune

154 Pages·2012·10.9 MB·English

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.
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9:10AM: Paul Jacobs
10:10AM: Steve Mollenkopf
11:00AM: Lunch Break
11:30AM: Derek Aberle
12:00PM: Bill Keitel
12:30PM: Q&A
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Dr. Paul E. Jacobs
CHAIRMAN AND CEO
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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
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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
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Evolving Industry Dynamics
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