Spansion 8-K Regulation FD Disclosure

1

3 Yr Financial Plan –

Basis of Presentation

Income Statement

2008: Consolidated Spansion (including Japan)

2009 Forward: Spansion x-Japan

Through Operating Income Only

No interest expense or US income tax assumptions

Restructuring Charges are “below the line”

Retention bonuses @ 0

Balance Sheet

First period presented is Q1 2009, Spansion x-Japan

Same basis not available for earlier periods

“Fresh Start Accounting”

effective 12/31/2009

No additional asset write-downs (Q4 ’08 Impairment)

All debt rolled to equity; No new debt

Intercompany balances washed out

Exhibit 99.1

2

3 Yr Financial Plan –

Basis of Presentation (Cont)

Balance Sheet (Cont)

$15M/Qtr of Capital

Mobility (retained wireless –

2010 forward) excluded

pro-forma P&L provided

3

3 Yr Financial Plan –

P&L Summary

(US$ in Millions)

2008

2009

2010

2011

2012

Revenue

2,282

1,338

989

1,057

1,122

Gross Margin

108

219

322

362

383

R&D

443

154

105

109

112

S&M

81

42

39

40

43

G&A

171

101

84

79

72

Operating Income

-587

-78

94

134

156

EBITDA

78

75

219

248

262

% of Sales

Gross Margin

5%

16%

33%

34%

34%

R&D

19%

12%

11%

10%

10%

S&M

4%

3%

4%

4%

4%

G&A

8%

8%

8%

7%

6%

Op Inc

-26%

-6%

9%

13%

14%

Dep

& Amort

665

153

125

114

106

4

3 Yr Financial Plan –

P&L Summary

(US$ in Millions)

Qtr 4

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Revenue

468

385

363

306

284

236

241

250

262

Gross Margin

-182

-39

84

81

93

73

73

85

90

R&D

97

49

42

33

30

26

26

27

27

S&M

20

13

10

9

10

10

10

10

10

G&A

35

30

25

23

23

21

21

21

21

Operating Income

-334

-130

7

16

30

17

16

28

33

EBITDA

-170

-88

47

52

64

49

48

59

63

% of Sales

Gross Margin

-39%

-10%

23%

26%

33%

31%

30%

34%

34%

R&D

21%

13%

12%

11%

11%

11%

11%

11%

10%

S&M

4%

3%

3%

3%

3%

4%

4%

4%

4%

G&A

8%

8%

7%

7%

8%

9%

9%

8%

8%

Op Inc

-71%

-34%

2%

5%

11%

7%

7%

11%

13%

Dep

& Amort

164

43

40

36

33

32

32

31

30

2008

2009

2010

5

3 Yr Financial Plan –

Balance Sheet, Assets

(US$ in Millions)

2008

2009

2010

2011

2012

Cash and Equivalents

85

176

390

569

732

Trade Accounts Receivable

135

152

169

182

191

Intercompany A/R

332

0

0

0

0

Prepetition Intercompany AR

0

0

0

0

0

Inventory

142

163

117

104

110

Prepaids and Other

95

122

125

125

125

Total Current Assets

789

612

800

979

1,158

Net Property, Plant & Equipment

495

372

297

257

251

Other Long-Term Assets

187

189

69

69

69

Total Assets

1,471

1,172

1,166

1,305

1,478

6

3 Yr Financial Plan –

Balance Sheet, Liabilities

(US$ in Millions)

2008

2009

2010

2011

2012

Accounts Payable

282

32

69

78

94

Pre-petition Trade AP

0

0

0

0

0

Intercompany A/P

268

58

0

0

0

Prepetition Intercompany AP

0

0

0

0

0

Accrued Expenses & Other Current Liabilities

151

59

59

59

59

Total Current Liabilities

701

148

128

136

153

Total Debt

1,182

79

0

0

0

Investment in Subsidiaries

-3,987

0

0

0

0

Other Long-Term Liabilities

21

14

14

14

14

Liabilities Subject to Compromise

0

0

0

0

0

Total Liabilities

-2,082

241

142

151

167

Common Stockholders' Equity

3,554

931

1,023

1,155

1,311

Total Liabilities & Equity

1,471

1,173

1,166

1,305

1,478

Key Ratios

Days Sales Outstanding

22

42

58

60

60

Days Inventory

23

76

76

61

60

Days Payable Outstanding

68

16

30

34

37

ROIC

-195%

-11%

12%

19%

23%

7

3 Yr Financial Plan –

Balance Sheet, Assets

(US$ in Millions)

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Cash and Equivalents

95

166

139

176

202

295

344

390

Trade Accounts Receivable

146

137

119

152

143

145

156

169

Intercompany A/R

41

54

57

0

0

0

0

0

Prepetition Intercompany AR

62

62

62

0

0

0

0

0

Inventory

180

157

166

163

156

138

110

117

Prepaids and Other

112

120

121

122

123

124

125

125

Total Current Assets

636

697

664

612

624

703

734

800

Net Property, Plant & Equipment

454

421

395

372

349

328

312

297

Other Long-Term Assets

190

189

189

189

189

69

69

69

Total Assets

1,280

1,306

1,248

1,172

1,161

1,099

1,115

1,166

2009

2010

8

(US$ in Millions)

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Accounts Payable

31

43

36

32

29

37

51

69

Pre-petition Trade AP

230

230

230

0

0

0

0

0

Intercompany A/P

54

101

82

58

34

27

0

0

Prepetition Intercompany AP

130

130

130

0

0

0

0

0

Accrued Expenses & Other Current Liabilities

55

59

59

59

59

59

59

59

    Total Current Liabilities

501

562

536

148

122

122

110

128

    Total Debt

79

79

79

79

79

0

0

0

Investment in Subsidiaries

0

0

0

0

0

0

0

0

Other Long-Term Liabilities

10

10

10

14

14

14

14

14

Liabilities Subject to Compromise

1,130

1,124

1,115

0

0

0

0

0

    Total Liabilities

1,720

1,775

1,741

241

215

137

124

142

    Common Stockholders' Equity

-440

-469

-492

931

947

962

990

1,023

    Total Liabilities & Equity

1,280

1,307

1,248

1,173

1,162

1,099

1,115

1,166

Key Ratios

Days Sales Outstanding

34

34

35

48

55

54

56

58

Days Inventory

70

68

86

93

109

93

70

70

Days Payable Outstanding

13

19

18

18

20

25

30

32

ROIC

-76%

2%

8%

12%

6%

7%

14%

17%

2009

2010

3 Yr Financial Plan –

Balance Sheet Liabilities

9

Combined Embedded & Mobility P&L Summary

TOTAL YEAR

DELTA TO BASE

(US$ in Millions)

2008

2009

2010

2011

2012

2010

2011

2012

Revenue

2,282

1,338

1,208

1,257

1,307

220

201

186

Gross Margin

108

219

399

414

427

77

53

44

R&D

443

156

107

114

117

2

5

5

S&M

81

42

42

44

47

3

3

3

G&A

171

101

84

79

72

0

0

0

Operating Income

-587

-80

165

178

192

71

44

36

EBITDA

78

73

290

292

298

71

44

36

% of Sales

Gross Margin

5%

16%

33%

33%

33%

35%

26%

24%

R&D

19%

12%

9%

9%

9%

1%

2%

3%

S&M

4%

3%

3%

3%

4%

1%

2%

2%

G&A

8%

8%

7%

6%

6%

0%

0%

0%

Op Inc

-26%

-6%

14%

14%

15%

33%

22%

19%

Dep

& Amort

665

153

125

125

125

0

0

0