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Qcom b davidson_william_blair_6_17_10_final

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    Qcom b davidson_william_blair_6_17_10_final Qcom b davidson_william_blair_6_17_10_final Presentation Transcript

    • William Blair Growth Stock Conference June 17, 2010 1
    • Bill Davidson Senior Vice President, Global Marketing & Investor Relations 2
    • Safe Harbor Before we proceed with our presentation, we would like to point out that the following discussion will contain forward-looking statements from industry consultants, Qualcomm and others regarding industry trends, anticipated future results and product availability, potential market size, market shares and other factors that inherently involve risks and uncertainties, including the rate of development, deployment and commercial acceptance of CDMA- and OFDMA-based networks and technology and fluctuations in the demand for CDMA- and OFDMA-based products, services or applications.  These and other risks and uncertainties relating to Qualcomm’s business are outlined in detail in our most recent 10-Q and 10-K forms filed with the Securities and Exchange Commission.  Please consult those documents for a more complete understanding of these risks and uncertainties. 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. DISCLAIMER  Nothing presented here today, in any video, slide presentation, demonstration or otherwise, is an offer to sell any components or devices. Certain components for use in the U.S. are available only through licensed suppliers. Some components are not available for use in the U.S. 3
    • 180+ 3G licensees 9 royalty-bearing single-mode 4G licensees (including Top 3 OEMs) Broadly licensed patent portfolio: ~12.6K U.S. and ~59.2K international granted patents and pending patent applications World’s largest fabless semiconductor company, #1 in wireless 700+ devices launched in FY09 based on QCT Chipsets 4
    • Strong Global 3G Subscriber and Network Growth 3G GROWTH THE KEY DRIVER FOR QUALCOMM 3G Operators 3G Subscribers (Millions) 700 1,000 900 600 800 500 700 600 400 500 300 400 200 300 200 100 100 0 0 2005 2009 2005 2009 Source: Wireless Intelligence (Jan 2010), GSMA and CDG, December 2009 5
    • Trends Driving Data Growth 3G subscriber growth Application stores Broadband connectivity Video downloads Flexible data rates Shift to cloud computing AT&T Has Seen 5000% Mobile Data Growth Over Past 3 Years Source: AT&T 6
    • The Cell Phone Has Become the Biggest Platform Created >1B 3G Subscribers Today Expected to be ~2.8B by 2014 Note : 3G includes CDMA2000, WCDMA and TD-SCDMA Source: Wireless Intelligence estimates as of April 19, 2010 for the quarter ending March 31, 2010; number of unique wireless connections. 7
    • Migration From 2G to 3G Continues to Accelerate 3G HANDSET SHIPMENTS* (MILLIONS) ~75% 3G Handset Shipments 1,200 1,000 3G 800 600 400 GSM 200 0 2008 2009 2010E 2011E 2012E 2013E 2014E Note: Average does not include IDC and Strategy Analytics Sources: Average of ABI Research (Mar 10), Informa (1Q2010) and Yankee (Mar10) 8 *Shipments refer to sell-through numbers from Informa Telecoms & Media and Yankee and sell-in from ABI Research.
    • CDMA-Based Device Shipment Estimates CALENDAR YEAR, MILLIONS, AS OF APRIL 21, 2010 600-650e 500-516 476 382 297 CY2006 CY2007 CY2008* CY2009* CY2010 CDMA2000 WCDMA CDMA Growth is a Key Stockholder Value Driver Note: As with our prior estimates of CDMA-based device ASPs and unit shipments, the reported quarterly estimated ranges of ASPs and unit shipments are determined based on the information as reported to us by our licensees during the relevant period and our own estimates of the selling prices and unit shipments for licensees that do not provide such information. Not all licensees report selling prices and/or unit shipments the same (e.g., some licensees report selling prices net of permitted deductions, such as transportation, insurance and packing costs, while other licensees report selling prices and then identify the amount of permitted deductions in their reports), and the way in which licensees report such information may change from time to time. The midpoints of the estimated ASP and device shipment ranges for the relevant periods are identified for comparison purposes only and do not indicate a higher degree of confidence in the midpoints. WCDMA includes TD-SCDMA. 9 * Applying adjusted assumptions (as per April 21, 2010 announcement).
    • Connecting the Unconnected BY 2011, EMERGING REGIONS ARE EXPECTED TO REPRESENT HANDSET SHIPMENTS Note: Emerging Markets include Americas, Eastern Europe, Middle East & Africa, India, China and Developing APAC 10 * Shipments refer to sell-through numbers. Source: Informa Telecoms & Media (Q1 2010)
    • CHINA CDMA SUBSCRIBER GROWTH FROM 2009-2014 Source: Average WCIS and Wireless Intelligence 11
    • INDIA CDMA SUBSCRIBER GROWTH FROM 2009-2014 3G and BWA Spectrum Auctions Completed Source: 2009-TRAI Report as of Dec 09. 2014-Avg. of WI (April 10) and WCIS (May 2010) 12
    • LATIN AMERICA CDMA SUBSCRIBER GROWTH FROM 2009-2014 Source: Average WCIS and Wireless Intelligence 13
    • Qualcomm Technology Licensing (QTL) WELL POSITIONED FOR TODAY AND LONG-TERM IN A GROWING INDUSTRY 3G CDMA 4G OFDMA 9 ROYALTY-BEARING 180+ LICENSES LICENSEES, INCLUDING TOP 3 OEMs Covering 3G and Covering Non-3G, Multi-Mode 3G/4G Single-Mode 4G 14
    • Qualcomm CDMA Technologies (QCT) OUR POSITION IN THE SEMICONDUCTOR INDUSTRY Source: IC Insights, Company Report 2Q ’09; iSuppli, Q3 Update, September ‘09 15
    • And The Need for More Compute Power ALL THE POWER OF A LAPTOP IN YOUR POCKET Snapdragon Family Qualcomm Enhanced CPU** (1-1.5GHz) Convergence Dual-Core ARM9 + ARM11 Up to 740 MIPS* (400 MHz) Enhanced Platform Multimedia Platform ARM9 ARM9 Up to 250 MIPS* ARM7TDMI Up to 160 MIPS* (225 MHz) ARM MCU 23 MIPS* (146 MHz) Intel 80186 (27 MHz) 10 MIPS < 20 MIPS (~2.5 MHz) * Dhrystone 2.1 ** ARM Instruction Set 16 2010 2012
    • QCT Strategy for Growth Make Computers Smartphones (Smartbooks) Continue to Expand Smartphones Drive Mass Market Phones Drive Mobile Broadband into Consumer Electronics 17
    • Expansion Into Adjacent Markets Extending wireless leadership to include consumer electronics and mobile entertainment M2M Tracking Telematics Embedded Modules MP3 Femto Box Netbook LBS Handheld Smartbook Games Router eReaders PND Set-top Box PMP 18
    • New Devices, New Categories, New Opportunities 19
    • A New Mobile Computing Experience Always-On All-Day Instant On Location Connectivity Battery Life (NO standby/sleepstates) Aware 20
    • Chipset Innovation Driving Device Choice and Growth INTEGRATION MULTIMEDIA PROCESSING MULTIMODE FOOTPRINT POWER CONSUMPTION $20 3G DEVICES 1.5GHZ SUPPORT FOR FOR EMERGING MOBILE MULTIPLE POPULAR MARKETS PROCESSORS OPERATING SYSTEMS 21
    • 4G Success Enhanced by 3G Experience LTE 3G LTE Boosts Data Capacity Evolved 3G ensures similar user in Dense Urban Areas experience outside LTE coverage Qualcomm is uniquely positioned to support first multimode LTE/3G deployments 22
    • mirasol™: Disruptive Display Technology MORE EFFICIENT VISIBLE FULL COLOR AND THAN LCD OUTDOORS VIDEO CAPABLE 23
    • Offloading Data Traffic BROADCAST WWAN By 2014, Monthly Worldwide Mobile Data Traffic Expected to Exceed 2008 Total 24
    • Well Positioned for Future Growth  2G to 3G Migration Continues  OFDMA Licensing Momentum  Technology Leadership  Expanding Partnerships  New Market Opportunities  Strategic Investing for Long-term Growth 25
    • Thank You 26