Q1 2009 Earning Report of Motorola Inc.

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  • 1. Motorola Q1 2009 Earnings Conference Call April 30, 2009 Q1 2009 Earnings Release- April 30, 2009 Slide - 1 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 2. Dean Lindroth Investor Relations Officer Q1 2009 Earnings Release- April 30, 2009 Slide - 2 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 3. Safe Harbor A number of forward-looking statements will be made during this presentation. Forward- looking statements are any statements that are not historical facts. These forward- looking statements are based on the current expectations of Motorola and there can be no assurance that such expectations will prove to be correct. Because forward-looking statements involve risks and uncertainties, Motorola’s actual results could differ materially from these statements. Information about factors that could cause, and in some cases have caused, such differences can be found in this morning’s press release, on pages 18 through 30 in item 1A of Motorola’s 2008 Annual Report on Form 10-K and in Motorola’s other SEC filings. This presentation is being made on the 30th of April 2009. The content of this presentation contains time-sensitive information that is accurate only as of the time hereof. If any portion of this presentation is rebroadcast, retransmitted or redistributed at a later date, Motorola will not be reviewing or updating the material that is contained herein. MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. © Motorola, Inc. 2009 Slide -- 3 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 4. Greg Brown Co-CEO of Motorola and CEO of Broadband Mobility Solutions Q1 2009 Earnings Release- April 30, 2009 Slide - 4 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 5. Q1 2009 Earnings Call Q1 2009 Earnings Release- April 30, 2009 Slide - 5 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 6. Ed Fitzpatrick Acting Chief Financial Officer Q1 2009 Earnings Release- April 30, 2009 Slide - 6 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 7. Q1 2009 Financial Results Q1 ($ in Millions) Q4 Q1 GAAP 2009 2008 2008 $ 5,371 Sales $ 7,136 $ 7,448 $ (449) Operating Loss $ (1,675) $ (269) -8.4% Operating Margin -23.5% -3.6% $ (291) Loss from Continuing Operations* $ (3,657) $ (194) $ (0.13) EPS from Continuing Operations* $ (1.61) $ (0.09) Excluding Highlighted Items $ (245) Operating Earnings (Loss) $ 96 $ (140) -4.6% Operating Margin 1.3% -1.9% $ (180) Loss from Continuing Operations* $ (18) $ (104) $ (0.08) EPS from Continuing Operations* $ (0.01) $ (0.05) *Amounts attributable to Motorola, Inc. common shareholders Slide -- 7 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 8. Cash Flow and Cash Q1 Q4 Q1 2009 ($ in Millions) 2008 2008 $ (288) Loss from Continuing Operations $ (3,656) $ (190) 26 Depreciation, Amortization, Deferred Income Taxes and Other, net 4,365 (16) (752) Change in Assets and Liabilities, net (508) (137) $ (1,014) Net Cash provided by (used for) Operating Activities $ 201 $ (343) ($ in Billions) $ 6.1 Total Cash* $ 7.4 $ 7.7 *Includes Cash and cash equivalents, Sigma Fund (current and non-current) and Short-term investments Slide -- 8 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 9. Greg Brown Co-CEO of Motorola and CEO of Broadband Mobility Solutions Q1 2009 Earnings Release- April 30, 2009 Slide - 9 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 10. Home and Networks Mobility Financials Q1 ($ in Millions) Q4 Q1 GAAP 2009 2008 2008 $ 1,991 Sales $ 2,596 $ 2,383 $ 115 Operating Earnings $ 257 $ 153 5.8% Operating Margin 9.9% 6.4% Excluding Highlighted Items $ 136 Operating Earnings $ 282 $ 173 6.8% Operating Margin 10.9% 7.3% Slide -- 10 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 11. Home and Networks Mobility Highlights • Maintained leadership positions in key markets • Shipped 4.3 million digital entertainment devices • Announced industry’s first three-channel MPEG-4 to MPEG-2 HD transcoding device Slide -- 11 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 12. Enterprise Mobility Solutions Financials Q1 ($ in Millions) Q4 Q1 GAAP 2009 2008 2008 $ 1,599 Sales $ 2,215 $ 1,806 $ 156 Operating Earnings $ 466 $ 250 9.8% Operating Margin 21.0% 13.8% Excluding Highlighted Items $ 186 Operating Earnings $ 475 $ 259 11.6% Operating Margin 21.4% 14.3% Slide -- 12 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 13. Enterprise Mobility Solutions Highlights • Reached shipment milestones – 1,000,000 Tetra subscriber unit – 200,000 MOTOTRBO device • Introduced MC55, a lightweight, rugged device for mobile field operations • Expanded ASTRO 25 express system with a single-site voice trunked system • Secured public safety awards for the State of Mississippi, Pernambuco State in Brazil, and the Danish Police Slide -- 13 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 14. Sanjay Jha Co-CEO of Motorola and CEO of Mobile Devices Q1 2009 Earnings Release- April 30, 2009 Slide - 14 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 15. Mobile Devices Financials Q1 ($ in Millions) Q4 Q1 GAAP 2009 2008 2008 $ 1,801 Sales $ 2,350 $ 3,299 $ (509) Operating Loss $ (595) $ (418) -28.3% Operating Margin -25.3% -12.7% Excluding Highlighted Items $ (381) Operating Loss $ (476) $ (347) -21.2% Operating Margin -20.3% -10.5% 14.7 Units (M) 19.2 27.4 6.0% Market Share (Estimate) 6.5% 9.4% Slide -- 15 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 16. Portfolio Segmentation NEW NEW E8 NEW U9 W388 E8 Q11 Z6w VE465 ZN4 EM30 VA76r L800t V950 V9x VE240 Z9 Q9c lime A3100 EM25 V9 VU204 VU204 ZN200 VU20 VU30 W216 AURA QA30 W450 EM35 i9 Z8 Q9h NEW A810 W396 VE66 VE538 EM28 A3000 VE75 Z6tv W5 Z6m W270 i576 V8 K1m i776 NEW NEW A1800 NEW A1600 VE70 QA4 W260 VE20 ZN5 W755 W6 W233 ZN40 MS500W i877 V750 Z10 Everyday Multitask Feature Multimedia/Music Communications Slide -- 16 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. = Began shipping in Q109 NEW
  • 17. Q1 2009 Earnings Call Q1 2009 Earnings Release- April 30, 2009 Slide - 17 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. .
  • 18. Q&A Participants Sanjay Jha Greg Brown Co-CEO of Motorola and Co-CEO of Motorola and CEO of Mobile Devices CEO of Broadband Mobility Solutions Dean Lindroth Ed Fitzpatrick Investor Relations Officer Acting Motorola CFO Slide -- 18 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 19. Safe Harbor A number of forward-looking statements will be made during this presentation. Forward- looking statements are any statements that are not historical facts. These forward- looking statements are based on the current expectations of Motorola and there can be no assurance that such expectations will prove to be correct. Because forward-looking statements involve risks and uncertainties, Motorola’s actual results could differ materially from these statements. Information about factors that could cause, and in some cases have caused, such differences can be found in this morning’s press release, on pages 18 through 30 in item 1A of Motorola’s 2008 Annual Report on Form 10-K and in Motorola’s other SEC filings. This presentation is being made on the 30th of April 2009. The content of this presentation contains time-sensitive information that is accurate only as of the time hereof. If any portion of this presentation is rebroadcast, retransmitted or redistributed at a later date, Motorola will not be reviewing or updating the material that is contained herein. MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. © Motorola, Inc. 2009 Slide -- 19 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
  • 20. Use of Non-GAAP Measures In addition to the GAAP results provided during this conference call, Motorola has presented certain non- GAAP measurements. Motorola has provided these non-GAAP measurements as a measure to help investors better understand its core operating performance, enhance comparisons of Motorola’s core operating performance from period to period and to allow better comparisons of Motorola’s operating performance to that of its competitors. Among other things, the Company’s management uses these operating results, excluding the identified items, to evaluate the performance of its businesses and to evaluate results relative to incentive compensation targets. Management uses operating results excluding these items because they believe this measure enables them to make better period-to-period evaluations of the financial performance of its core business operations. There are inherent limitations in the use of operating results excluding these items because the company’s GAAP results do not include the impact of these items. The non-GAAP measures are intended only as a supplement to the comparable GAAP measures and the company compensates for the limitations inherent in the use of non-GAAP measures by using GAAP measures in conjunction with the non-GAAP measures. As a result, investors should consider these non-GAAP measures in addition to, and not in substitution for, or as superior to, measures of financial performance prepared in accordance with GAAP. Details of these items and reconciliations of the non-GAAP measurements provided during this call to GAAP measurements can be found on Motorola’s website at www.motorola.com/investor. Slide -- 20 Q1 2009 Earnings Release- April 30, 2009 MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.