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Micron Q2-08EarningsCall
- 1. Micron Technology Financial Conference Call Second Quarter of Fiscal 2008 ©2008 Micron Technology, Inc. All rights reserved. Products are warranted only to meet Micron’s production data sheet specifications. Information, products and/or specifications are subject to change without notice. All information is provided on an “AS IS” basis without warranties of any kind. Dates are estimates only. Drawings not to scale. Micron and the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
- 2. Safe Harbor During the course of this meeting, we may make projections or other forward-looking statements regarding future events of the future financial performance of the Company and the industry. We wish to caution you that such statements are predictions and that actual events or results may differ materially. We refer you to the documents the Company files on a consolidated basis from time to time with Securities and Exchange Commission, specifically the Company’s most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the actual results for the Company on a consolidated basis to differ materially from those contained in our projections or forward-looking statements. These certain factors can be found at http://www.micron.com/certainfactors. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. We are under no duty to update any of the forward-looking statements after the date of the presentation to conform these statements to actual results. ©2008 Micron Technology, Inc. All rights reserved.
- 3. Mike Sadler VP of Worldwide Sales ©2008 Micron Technology, Inc. All rights reserved.
- 4. PC Memory Content vs. PC Unit Shipments 3,000 2,400 Desktop, Notebook Units in Millions Average MB per System 1,800 1,200 Growth Growth Growth 600 ’06 – ’07 ’07 – ’08 ’08 – ’09 56% 50% 38% 2005 2006 2004 2007 2008 2009 Average Average Average Average Average Average 409 MB 555 MB 772 MB 1208 MB 1817 MB 2506 MB 0 2Q08 – 4Q09 Forecast Source: iSuppli ©2008 Micron Technology, Inc. All rights reserved.
- 5. Memory Pricing NAND & DRAM Average (Trade) ASPs Mar ’07 – Mar ’08 -73% Mar ’07 – Mar ’08 -70% Source: DRAM eXchange ©2008 Micron Technology, Inc. All rights reserved.
- 6. Continued Technology Innovation 68nm 1Gb DRAM Log Cell Size 58nm 1Gb DRAM <40nm 32Gb NAND Today DRAM NAND ©2008 Micron Technology, Inc. All rights reserved.
- 7. Micron’s Module Density Transition DDR2 2GB 2GB 2GB 2GB 1GB 1GB 1GB 1GB ©2008 Micron Technology, Inc. All rights reserved.
- 8. Micron DDR3 for High Performance Systems 1.6GHz Operation on 2Gb DDR3 device ©2008 Micron Technology, Inc. All rights reserved.
- 9. DDR2 Power Reduction: Aspen Memory® Power comparison of 2GB RDIMM 14 >7 12 0% re d 512Mb uc 10 t io 1.8V Watts per RDIMM n Components 8 1Gb 6 1.8V Components 1Gb 4 1.5V Components 2Gb 2 1.5V Components 0 Aspen® Aspen® ©2008 Micron Technology, Inc. All rights reserved.
- 10. Total NAND Market by Application NAND in Billions of MB Mobile Handsets = cards + embedded Computing = SSD, Hybrid HDD, and PC Cache Other = Portable gaming, Set Top Boxes, Other consumer Source: iSuppli, Gartner, Micron Market Research ©2008 Micron Technology, Inc. All rights reserved.
- 11. Handset Memory Content DRAM NAND* 50% 156% Average MB per System Y/Y Growth Y/Y Growth 2007-2008 2007-2008 * Embedded Only Sources: Gartner, Micron Market Research ©2008 Micron Technology, Inc. All rights reserved.
- 12. Continued Technology Innovation 68nm 1Gb DRAM Log Cell Size 58nm 1Gb DRAM <40nm 32Gb NAND Today DRAM NAND ©2008 Micron Technology, Inc. All rights reserved.
- 13. Increasingly Efficient Capacity Percent High Volume Memory on 300mm Wafers 100% 0% Start FY07 Today FQ3-08* * Forecast ©2008 Micron Technology, Inc. All rights reserved.
- 14. Mobile DRAM / NAND MCPs Micron competes in the fastest-growing segments of the Mobile MCP market with its high-end portfolio NAND + DRAM $2.0B NAND + DRAM NAND + DRAM $4.0B $8.5B 2007 2010 2013 Source: Micron Market Research ©2008 Micron Technology, Inc. All rights reserved.
- 15. Handset Shipments by Camera Resolution 4 MP+ Handset Shipments by Camera Resolution (Millions) 3 MP 2 MP 1 MP <1MP Voice only Note: Primary camera only Sources: Gartner, iSuppli, Micron Market Research ©2008 Micron Technology, Inc. All rights reserved.
- 16. Micron’s Lineup 1.8-inch & 2.5-inch, 32GB & 64GB SSD for notebook and performance computing Embedded USB, 1 to 8GB SSD for cost- effective industrial and blade server applications ©2008 Micron Technology, Inc. All rights reserved.
- 18. Steve Appleton Chairman and CEO
- 19. Financial Summary GAAP ©2008 Micron Technology, Inc. All rights reserved.
- 20. Financial Summary Non-GAAP Q2-08 ©2008 Micron Technology, Inc. All rights reserved.
- 21. Reconciliation of GAAP to Non-GAAP Financial Measures ©2008 Micron Technology, Inc. All rights reserved.
- 22. Overhead Dollars in millions Research & Development Sales, General & Administrative ©2008 Micron Technology, Inc. All rights reserved.
- 23. Capital Expenditures Dollars in millions $2,467 Partners $1,580 Partners Micron Micron ©2008 Micron Technology, Inc. All rights reserved.