Exhibit 99.2
Header of all slides more than solutions - enabling possibilities
[Logo] Microsemi AEA| 11/2/2001 |
http://www.microsemi.com
Slide 1
Investor Overview Presentation
"Click Here for"
Webcast Replay
Slide 2
Disclaimer
. Some of the information in this presentation may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Microsemi Corporation.
. We wish to caution you that these statements are only predictions and that
actual events or results may differ materially. We refer you to the documents
the company files from time to time with the Securities and Exchange
Commission, specifically, the Company's most recent Form 8-K, 10-K and Form
10-Q.
. These documents contain and identify important factors that could cause the
actual results to differ materially from those contained in our projections
or forward -looking statements.
Slide 3
Company Overview
. Semiconductor manufacturer
-- Founded in 1960, core strengths developed in military/aerospace and
medical markets
. Executing on 3 Point Strategy
-- System engineered solutions, increasing gross margins, leveraging
intellectual property
. Operational improvements
-- New management team improving bottom line
. Diverse market strategy provides stability
-- Broad customer base, none > 4% of revenues
. Increasing R&D - Developing our Future
-- Focus on 5 key Circuit Solutions that are fueling company growth
. Strong Financial Results
-- Stability in rough markets, long term earnings history, improving
margins, strong balance sheet
Product Mix FY02E
Power Management 29%
Transient Protection 16%
Power Conditioning/Discretes 38%
RF and Optoelectronics 17%
Top 20 OEM Customers (FY01)
Rank Customer Market/Application
---- ----------------- ------------------------
1 Boeing Satellites/Military
2 Guidant Medical Implantables
3 Seagate Disk Drives
4 Motorola Mobile Phones
5 Alcatel Fiber Optics/Satellites
6 BAE Systems Military/Aerospace
7 Rockwell Military/Aerospace
8 Lockheed Martin Satellites/Military
9 Robert Bosch GMBH Satellite Communications
10 Agilent Telecommunications
11 Dell PC/Peripherals
12 Mitsubishi Mobile Phones
13 Loral Space Satellites
14 Siemens AG PC/Peripherals
15 Honeywell Military/Aerospace
16 Tecnologica Satellites
17 Delco Automotive
18 St. Jude Medical Medical Implantables
19 Raytheon Military/Aerospace
20 Solectron Various
Slide 4
Company Strategy
. Develop and Market System Engineered Solutions
-- Work with customers to develop "must have" products
-- Develop alliances/reference design wins
.. CREE, Nitronex, APTI, Intel, Intersil, Atheros
-- Re-utilize packaging IP to enhance performance
.. Powermite as Power Diode or LED package
.. MMSM as WLAN switch or LED package
-- Combining application specific semiconductor processes
.. Low voltage silicon (0.7V chips), InGaP (HBT Amps), InP (OC192/768
detectors), InGaN (Blue, Green, and UV LEDs), SiC (Schottkys)
.. Mix and match depending on end application
. Increase Gross Margins (Goal of 50% or better)
-- Consolidation of business units, focus on utilization
-- Introduce higher value added/higher gross margin products
. Experts at reapplying Intellectual Property
-- Repositioning Core Competencies and Circuit "know how" into multiple
market segments and applications
[graphics of Four PDA's]
[Intersil Logo] [Sharp Logo] [Harrison Logo]
[Atheros Logo] [Intel Logo]
[Picture]
[Picture]
[Picture]
Slide 5
Operational Improvements
. New Management Reshaping company
-- Chief Operating Officer appointed
-- VP of Human Resources appointed
-- VP of Quality/Business Process Development appointed
. Improved Incentive programs
-- Now focused on operating income improvements
-- Broader employee stock option program
. Utilization Improvements and Consolidations in progress
-- Florida and Hong Kong operations closed in FY01
-- Operational consolidations planned
-- Easy to execute, have signifiacnt positive financial impact, under
our control - not market or application dependent
Slide 6
Diverse OEM Customer Base
14.8% Mobile connectivity [graphic of mobile telephone] Qualcomm, Samsung,
Motorola, Compaq, Palm, Mitsubishi
12.0% telecom [graphic of pbx operator] Alcatel, Ericsson, Nokia, Nortel
13.6% industrial [graphic of welder] Coleman, PowerOne, Recoton, Magnatek
2.2% automotive [graphic of computer inside a vehicle] Visteon, Becker,
VDO, Clarion
11.5% computers/peripherals [graphic of laptop computer] Dell, Seagate,
Gigabyte, Compaq, IBM, Fijitsu
10.1% medical [graphic of Chest X-ray] GE Medical, Guidant, St. Jude,
Biotronik, Medtronic, InSonus
35.8% mil/aerospace [graphic of Astronaut in space] Matra, Raytheon,
General Electric, Bosch, Lockhead Martin, Boeing
. Top 100 customers 70% Sales, none greater than 4%
. North America 70%
. Europe 20%
. Asia 9%
. ROW 1%
. OEM 60%
. Distributors 36%
. CMs 4%
Slide 7
Extensive product portfolio
Product Group RF/Opto(17%)
Breakdown 0% 48% 50% 2%
I R T P D
C F r h e
s a o t
(P A D n t e
o m i s o c
w p o i t
e s) d s o
r e t r
s o s
Markets Applications r
-------------- --------------------------- s
Mobile Mobile Phones, 2-Way Radios 50% x x x x
Connectivity PDAs, Web Tablets 50% x x
Base station/POTs 28% x x
Wireless LAN 2% x x
Telecom Set-top box 30% x x
Fiber Optics 40% x x
AutoPC/Navigation 98% x x
Automotive Audio 2%
Commercial Aircraft 10%
Military Communications 10%
Military/ Military Aircraft 10% x x
Aerospace Missiles 10% x x
Communication Satellites 40% x x x
Military Satellites 10%
Other 10%
Medical Heart Defibrillators/Pacers 80% x x
MRI/Ultrasound/Diagnostic 13% x x x
Hearing aids 5%
Computer/ PCs/Laptops/Servers 50% x
Peripheral Disc drives 30%
Audio equip 5%
Monitors 5%
Industrial/ Semi-cap/RF Generators 15% x x
Commercial Power Supplies 40% x
Pet Electric Fence Sys. 5% x x
Power Management (29%)
Breakdown 20% 2% 40% 15% 15% 2% 5% 1%
L P A P L D S M P M M T
i r u r i C C e r i o E
g o d o n : S d o l/ d C
h d I d e D I I d A u
t u o u a C c u e l I
i c c r a c r e C
n t t l t o s s
g s s P s
W
M
Markets Applications s
------- ------------------
Mobile Mobile Phones, 2-Way Radios 50% x x x x
Connectivity PDAs, Web Tablets 50% x x x x
Base station/POTs 28% x x x
Wireless LAN 2%
Telecom Set-top box 30% x x x x
Fiber Optics 40% x x x
AutoPC/Navigation 98% x x x
Automotive Audio 2% x x x x
Commercial Aircraft 10% x x
Military Communications 10% x x
Military/ Military Aircraft 10%
Aerospace Missiles 10% x x
Communication Satellites 40% x
Military Satellites 10%
Other 10% x
Medical Heart Defibrillators/Pacers 80% x x
MRI/Ultrasound/Diagnostic 13% x x x
Hearing aids 5% x x
Computer/ PCs/Laptops/Servers 50% x x x x
Peripheral Disc drives 30% x x x
Audio equip 5% x x
Monitors 5% x
Industrial/ Semi-cap/RF Generators 15% x x
Commercial Power Supplies 40%
Pet Electric Fence Sys. 5% x
TVS(16%)
Breakdown 50% 20% 0% 30%
E L E Z
S i M e
D g I n
h e
t r
i s
n
Markets Applications g
------------ -----------------------------
Mobile Mobile Phones, 2-Way Radios 50% x x x
Connectivity PDAs, Web Tablets 50% x x
Base station/POTs 28% x x
Wireless LAN 2% x
Telecom Set-top box 30% x x x x
Fiber Optics 40% x x
AutoPC/Navigation 98% x x x
Automotive Audio 2% x x
Commercial Aircraft 10% x x
Military Communications 10% x x
Military/ Military Aircraft 10% x x
Aerospace Missiles 10% x x x
Communication Satellites 40% x x
Military Satellites 10%
Other 10% x x
Medical Heart Defibrillators/Pacers 80% x x x
MRI/Ultrasound/Diagnostic 13% x x
Hearing aids 5% x
Computer/ PCs/Laptops/Servers 50% x x x
Peripheral Disc drives 30% x
Audio equip 5% x
Monitors 5%
Industrial/ Semi-cap/RF Generators 15% x x
Commercial Power Supplies 40% x
Pet Electric Fence Sys. 5% x
Discrete(38%)
Breakdown 30% 2% 0% 25% 35% 8%
P M S D S T
o o i i c r
w s c o h a
e f d o n
r e e t s
m t s t i
i k s
t y t
e s o
Markets Applications r
------------- -------------------------- s
Mobile Mobile Phones, 2-Way Radios 50% x x
Connectivity PDAs, Web Tablets 50% x x
Base station/POTs 28% x x x x x
Wireless LAN 2%
Telecom Set-top box 30% x
Fiber Optics 40% x x
AutoPC/Navigation 98% x x
Automotive Audio 2%
Commercial Aircraft 10% x x x x x
Military Communications 10% x x x x
Military/ Military Aircraft 10% x x
Aerospace Missiles 10% x x x x x
Communication Satellites 40% x x
Military Satellites 10%
Other 10% x x x x
Medical Heart Defibrillators/Pacers 80% x x x x
MRI/Ultrasound/Diagnostic 13% x x
Hearing aids 5% x
Computer/ PCs/Laptops/Servers 50% x
Peripheral Disc drives 30% x
Audio equip 5%
Monitors 5%
Industrial/ Semi-cap/RF Generators 15% x x x
Commercial Power Supplies 40% x x x
Pet Electric Fence Sys. 5% x x
Slide 8
Mil/Space Product Leader
. Virtually every military program since 1968
-- Military/Aerospace business 36% of total
. Business helps develop commercial developments
-- Advanced technology and semiconductor processes repositioned into high
growth commercial applications
[picture of Hemetic Power Modules]
[picture of fighter aircraft]
[picture of aircraft]
[picture of electronic component]
[picture of discrete electronic components]
[picture of orbiting Satellite]
FY01 Mil/Space OEM End Application Mix
Military Aircraft 10%
Military Satellites 10%
Missiles 10%
Military Communications 10%
Military Ground Based Systems 10%
Commercial Aircraft 10%
Communication Satellites 40%
Military Products
RF/Optoelectronics
Microsemi Alpha Industies M/A Comm Semicoa Solid State Devises
------------- --------------- -------- --------- -------------------
High Freq Switches x x x
Power PINs x x x x
RF Bipolar Power x
RF Bipolar Mobile x
Photodetectors x x
Power Management
Microsemi IRF/Ominrel Linear Tech Semitech Sensitron Solid State Devices
------------- --------------- ----------- -------- --------- -------------------
CCFL Controllers x x
Class D Audio x
LDOs/Regulators x x x x
DC:DC Converters x x x
PWMs x x x x
Ruggedized Modules x x x
TEC Controllers x x
TVS
Microsemi Semitech Sensitron Solid State Devices
------------ -------- --------- -------------------
Surge Protection x x x x
Lightning Protection x x
EMI Suppression x
Zener Regulation x x x
Discrete
Microsemi Fairchild (Military) IRF/Omnitrel Semicoa Sensitron Solid State Devices
--------- ------------------- ------------ --------- --------- -------------------
Power Rectifiers x
MOSFET x x x x x
SiC Schottkys x
Signal Diodes x x
Power Schottkys x x x x
Transistors x x x x
Slide 9
Typical Fighter Content
~$300 - 500K per plane
Cockpit Electronics
- IFF (RF Transistors/PIN Diodes)
- CRT (HV Diodes)
- Backlit Displays (Power Modules)
- Seat Ejection (SCRs)
- Air Flow Control (Power Modules)
- Fire Control (SCRs, Transistors)
Power Conversion
- Generators (SCRs, MOSFETs, IGBTs, Linear ICs)
- Inverters (3 Phase Rectifier Bridges)
Wing Electronics
- Lightning Protection (TVS Modules)
- Actuation (3 Phase Power Modules)
- Missile Launch (SCRs)
Power Distribution
- Power Supplies (FETs, Schottkys, Rectifiers)
- Logic Control Protection (TVS, Zeners)
Motor Control
- Wings (3 Phase Power Modules, PWM)
- Canopy (3 Phase Power Modules, PWM)
- Landing Gear (Rectifiers/MOSFETs, Drivers)
Radar/Communications
- Transmitters (HV Diodes, Varactors, PAs)
- Antennas (PIN Diodes)
- Amplifiers (RF Transistors)
Slide 10
Developing Microsemi's Future
. Focus on high growth, high margin product opportunities
-- 8X min Return on R&D over life of product
. R&D increasing
-- 2.2% in FY99
-- 6.4% in FY01
-- Estimated 8% in FY02
. New part roll out increasing
-- 4 Parts introduced in FY01Q3
-- 8 Parts introduced in FY01Q4
-- Estimate 40-50 products in FY02
. Optimizing Margin Mix of Product Portfolio
. 5 Key Circuit Solutions to Fuel MSCC Growth
-- Upside estimate of new products developed/introduced in FY00/FY01
Base Business + new Products
MSCC Fiscal Year
FY01E FY02E FY03E FY04E
Protection ~ 0 ~1 ~4 ~8
Temperature ~ 0 ~1 ~3 ~8
Power ~ 5 to 6 ~13 ~46 ~83
Sound ~ 1 ~7 ~15 ~29
Light ~ 14 to 15 ~22 ~48 ~93
Base Business ~ 223 to 226 ~237 ~277 ~304
Total ~ 243.2 to 248.2 ~281 ~393 ~525
NOTE: Amounts shown are estimates of projected revenue growth from new products.
These estimates represent the average of the range of company estimates
developed from external market research data, as well as internal company market
and product forecasts. Amounts could change due to changes in market conditions,
customer acceptance and other factors, whether known or unknown to the company
at this time. Please refer to Microsemi Safe Harbor Statement.
Slide 11
5 Key Circuit Solutions
. Managing Light ( ~30% of R&D):
-- Microsemi offers advanced solutions for CCFL and LED lighting systems and
photodetectors for optical communications
. Managing Sound ( ~20% of R&D):
-- Microsemi offers Class D Audio solutions for low power and high power
applications.
. Managing Power (~30% of R&D):
-- Microsemi offers the broadest line of discrete, RF/microwave, and
integrated circuits focused on efficiently managing power.
. Managing Temperature (~10% of R&D):
-- Microsemi offers both integrated circuit solutions and packaging solutions
that solve critical heat dissipation, optical tuning and control functions.
. Protecting Circuits (~ 10% of R&D):
-- Microsemi offers the broadest line of solutions for protecting sensitive
circuits from ESD, Lightning, EMI, and Electrical Fast Transients
Slide 12
Managing Light (CCFL)
. What sets us apart
-- Patented Fluorescent Lamp (CCFL) Driver Architecture
.. 50% more efficient than competition
.. 40%- 90% less components
.. Full Range Dimming /Full Temp Range
-- Application engineering
.. Products designed for specific end markets
--- PDA, Automotive, LCD TV products
[graphic of AAA alkaline battery]
[graphic of circuit board]
. Applications
-- PDAs (leader in CCFL lit color displays)
[graphic of PDA]
[graphic of PDA]
[graphic of PDA]
[graphic of PDA]
-- Wireless Web, AutoPC, 3G Phones, Medical Displays, Voice Over IP Phones,
Fish Finders, Pen Based computers
. What's next?
-- Ambient light tracking systems, auto-brite adjust
[graphic of Auto PC]
[graphic of AutoPC]
[graphic of Parview Golf GPS]
Application Major Design Wins
----------------- --------------------------------------------
Automotive BMW
Automotive Clarion AutoPC
Automotive Marelli (Italy)
Automotive Mercedes*
Automotive Rosen
Avionics Kaiser F-22
E Book Go Reader
E Book RCA
Entertainment Boeing 777
Entertainment Sony InFlight Systems
LCD Monitor Phillips
LCD Monitor Samsung
Notebook Compaq Armada
PDA Compaq iPAQ
PDA HP Jornada Series
PDA Palm IIIC
PDA Siemens PDA
PDA Toshiba e570
Pen Computer Symbol Portable Pen
Tester/Meter Agilent Optical Tester
Web Tablet AirSpeak FLAIR
Web Tablet Intel
Web Tablet Nokia
Web Tablet Sonic Blue/Number 9
Slide 13
Managing Light (LED)
. What sets us apart
-- Patented packaging enhances LED performance
.. Optomite packaging (more power - higher brightness)
.. Patented MMSM FlipChip InGaN/Silicon architecture
--- Eliminates UV degradation, Lowers VF, reduces total system cost,
4" wafers possible
-- LED Drivers to support LEDs
.. Complete "Light Engine" systems
. Products
-- LX199X Series of 2, 4, 6 LED drivers
-- Optomite Packaging for high brightness LEDs
-- Optomite 3 Packaging for Large Area LEDs (5-8Watts)
-- OptoMMSM flip chip for glass LEDs
. Applications
-- Low Power (Mobile phones, PDAs)
-- High Power (Solid State Lighting, Automotive)
. What's next?
-- High brightness UV LEDs with integrated drivers
Introduced Product
----------------------- ---------------------
Oct-01 LX1992 LED Driver
Future Releases Product
----------------------- ---------------------
Nov-01 Optomite MB LED
Dec-01 OptoMMSM Blue LED
Spring 2002 Optomite UB/HB
Summer 2002 Optomite 3 UV LED
Item Value
----------------------- ---------------------
Optomite Capacity up to 10 mil/month
Optomite MB ASP ~$0.60-$0.85
OptoMMSM up to 5 mil/month
OptoMMSM ASP ~$0.85-$1.25
[graphic of Optomite for Large Area LEDs]
[graphic of MMSM FlipChip for Glass LEDs Resistant to UV]
Slide 14
Managing Light (Photodetectors)
. What sets us apart
-- Advanced InP based process
.. 10gb/sec, 20gb/sec products
-- Volume manufacturing capability
-- Responsivity to faint light signals
-- Supporting complementary products
.. TEC Controllers, ESD protection
. Products
-- MXP4000 Series of InP 10gb Detectors
-- MXP7A Series of Flip Chip Short wavelength detectors
. Applications
-- OC192, OC768
-- Optical Processing
. What's next?
-- 40gb Detectors
-- Integrated Photodetector (receiver) and TIA (converter)
Microsemi Product Design Win
-------------------------- ---------------------
20 gb InP Detector JDS Uniphase
10 gb InP Detector Cielo
10 gb InP Detector Optical Crossing
10 gb InP Detector Teledyne
10 gb InP Detector Aeroflex
[graphic of circuit schematic]
Slide 15
Managing Sound
. What sets us apart
-- Class D Technology based on PWM
.. 40-60% Linear vs Class D 90-97% efficiency
.. THD less than 0.05%
. Products
-- AudioMAXTM High Power Solutions (greater than 50 Watts)
-- AudioMITETM Micro Power Solutions ((less than) 1 Watt)
. Applications
-- Flat panel speakers (no heatsinks)
-- 900MHz wireless speakers (extended playtime)
-- Hearing Aids (extending use from 3wks to 6months)
-- Headsets/Earphones (16 bit, high fidelity, low noise)
-- 5:1 and 6:1 Home and Automotive systems
. What's next?
-- Developing Class D Solutions for Mobile Phones/PDAs (battery consumption
is everything)
-- Eliminate the problems with Class D in Automotive and handheld systems
(eliminate EMI)
Microsemi Product Design Win
-------------------------- ---------------------
AudioMAX Benwin NXT Speaker
AudioMAX IBM Speakers
AudioMAX Recoton Wireless
AudioMAX Altec Lansing
AudioMAX Hamon Kardon
AudioMite Knowles
AudioMite Envision
AudioMite InSonus
AudioMite SoundParts
Released in FY01 Product/Description
------------------------- --------------------
LX1710/11 Mono Class D
LX1721/22 Stereo Class D
LX1790 Hearing Aid Class D
[graphic of Recoton/Advent 900MHz Wireless Speaker System]
[graphic of Knowles Hearing Aid Receivers/Amps]
[graphic of IBM Flat panel Speakers]
Slide 16
Managing Power (RF ICs)
. What sets us apart
-- Advanced InGaP HBT Flip Chip Architecture
.. Remove the heat, reduce the size
-- System engineering/Smart Amplifiers
.. Combining Power Detection, InGaP RFICs and high speed Power
Management to solve major power consumption issues
. Product - WCDMA PA (best performing PA)
[graphic of thermal map and scale]
[graphic of thermal map and scale]
Surface Temperature - Stud Side
[graphic of 3-D thermal map]
[X Y Z axes]
[graphic of circuit layout]
Output Temperature (C)
500 71 .9903
69 .191
66 .3916
63 .5923
60 .7929
57 .9936
55 .1942
52 .3948
49 .5955
46 .7961
1000 43 .9968
41 .1974
1500 38 .3981
35 .5987
1000 32 .7994
Input
Slide 17
Managing Power (Wireless LAN)
. What sets us apart
-- Military high frequency expertise
-- One stop shopping
.. Complete line of front end supporting products
-- Patented broadband silicon switch technology
. Products for WLAN
[picture of discrete component]
[Atheros logo]
[picture of discrete component]
[Prism logo]
[graphic of Complete Antenna Switches for 802.11a/e, 802.16, UWB]
802.11a Antenna Reference Design
[Graphic of circuit flowchart including ESD Protection TVSF Series, Baseband
Processor MAC,Host Computer, USB, SRAM FLASH MEMORY, Clock Source, Synthesizer,
Quad IF, Modem, DATA ADDRESS CONTROL, 3.3/5V IN, VCO, VCO, Bias Control, LX1734,
LED Control, DC-DC Converters, ISDN, T1/E1, Ethernet, HBT, PA, Antenna, RF/IF
Converter]
Microsemi Product Company/Product
---------------------------- ----------------------------
PIN Diodes Ericsson 802.11a
PIN Diodes Malibu Networks AP
PIN Diodes Intel 802.11a
Antenna Switch Xircom/Intel
PIN Diodes Atheros Ref Design
USB Protection Intersil Ref Design
PIN Diodes Agere/Lucent 802.11a
PIN Diodes REMEC
PIN Diodes Actiontec 802.11a PC Card
Antenna Switch Cisco 802.11a AP
. What's next?
-- Complete front end modules for "next" wireless standards (UWB)
-- Re-positioning expertise to SetTop Box Access Points
Slide 18
Managing Power (Medical)
. What sets us apart
-- Complete system expertise for Pacemakers, Defibrillators, and MRI Systems
-- Complete circuit solutions that increase battery life, reduce size, and
reduce cost
-- Military/Satellite quality and reliability systems
. Key Product Solutions
-- Implantable Defib content rising ($50 to $350)
.. Outpacing market growth with ASSP approach
.. Reducing circuit size by 40%, cost by 50%
.. Defib modules -up to 15 components per defib
Application Microsemi Product Cutomer
------------ --------------------- -----------------
Defib/Pacer Defib/Pace Protection Medtronic
Guidant
Biotronik
St. Jude Medical
ELA/Sorin
Medico
Charging Diodes Medtronic
Guidant
Biotronik
ELA Medical
St. Jude Medical
Load Dump Medtronic
Guidant
Biotronik
ELA Medical
St. Jude Medical
Firing Discretes Medtronic
Guidant
Biotronik
ELA Medical
St. Jude Medical
Firing ICs Biotronik
St. Jude Medical
Neuro Protection Neuropace
Neurocor
Pulse IC Cyberonics
MRI Body Coils GE Medical
Toshiba
Siemens
[photograph]
[graphic of circuit board design]
[graphic of medical diagram]
Slide 19
Managing Power (Processors)
. What Sets us Apart
-- Current Sharing Voltage Mode Multiphase Operation (LoadShare)
-- Patented architecture, best of both worlds
Method Microsemi Linear Tech Semtech Intersil Primarion Volterra
-------------- --------- ----------- ------- -------- --------- --------
Current Sense * x x x
Voltage Sense * x
FET Sense * x x
Polyphase * x x
*Patented Load Share (TM)
. Our Products
-- LX167X Family of Controllers
-- Addresses major issues facing high speed video processor companies
. Potential Applications/Customers/Partners
-- Graphic Cards
-- Game Machines
[graphic of two monitors]
[graphic of electronics schematic]
[picture of a game machine]
[Nvidia gForce 3 logo]
Slide 20
Managing Power (Mil/Aero)
. What sets us apart
-- Extensive military qualified product line
-- System engineering expertise
-- Innovative and patented packaging
.. Thermally matched packages (environmental extremes)
.. Glass on Silicon
. New Products
-- Battery Bypass Modules
-- Solar Cell Bypass
-- Turbine/Generator modules (F22 and JSF)
. Applications
-- Satellites, Fighter Aircraft, Missile control system
. What's next?
-- Radiation hardened building blocks for low earth orbit, polar orbit, and
classified military satellites
Microsemi Product Recent Wins
----------------------- --------------------------------
Battery Bypass Thuraya Satellite
3Phase Module Sundstrand F22
Solar Diode Lockheed
Battery Bypass Mitsubishi Satellite
EMP Protection Raytheon/E-Systems
[graphic of Hemetic Power Modules]
[graphic of Patented Battery Bypass Modules]
[graphic Radiation Hardened DC-DC Power Converter]
[graphic of CoolPack and Thinkey Patented packages]
[picture of diodes]
[picture of aricraft]
[picture of electronic component]
[picture of fighter aircraft]
[picture of discrete electronic components]
[graphic of orbiting Satellite]
Slide 21
Managing Temperature
. What sets us apart
-- Critical Heat management expertise
.. Zero Atmosphere Space/ 98.6oF Human Body
-- Extensive IP
.. Packaging for passive cooling techniques
.. Class D solution for active cooling
.. Powermite patented packaging technologies
--- Licensed to OnSemi, Diodes Inc
. Products for Managing Temperature
-- Thermo Electric Controller (TEC) ICs
.. 3G Basestation and Optical Laser Cooling and tuning
-- SiC Schottky Rectifiers (Alliance with Cree May-01)
-- Military CoolPack patented packaging
.. Used on F22 and Joint Strike Fighter
[graphic of electronic components]
[graphic of discrete components]
[graphic of circuit board]
Microsemi Product Company/Product
------------------------------ ----------------------------
TEC Controller JDS Uniphase
TEC Controller Agere
TEC Controller Ericsson 3G
TEC Controller NanoGen Medical
TEC Controller ThermOptics
TEC Controller Boeing Satellite
TEC Controller Lumenis
TEC Controller Tyco
TEC Controller Corning
TEC Controller Hytek
SiC Defib Customer
SiC NASA
CoolPack Raytheon Missile
CoolPack Lockheed Satellite
CoolPack F22 and JSF
. What's next?
-- Seat cooling and heating circuits for automobiles
-- High temp SiC packaging for Military and Oil Drilling
-- Regulating Planar Lightwave Circuits (sensitivity of SiON)
Slide 22
Protecting Circuits (High Speed)
. What sets us apart
-- Highest speed products in the market
-- Broadest product portfolio
. Products
-- USB Series of protection products for peripherals and data ports (2X
faster than competing products)
-- Polymer ESD protection products for high frequency (>2.4GHz) amplifier and
switch protection
.. Capable of 12GHz!
-- Aircraft electronic protection modules
.. Protect against lightning or severe electromagnetic storms
-- Long Haul Fiber Optic Undersea Repeater protection
.. Customers seeking 25 year life history - we have it
Microsemi Product Company/Product
------------------------------ ----------------------------
Repeater Protection Alcatel
Repeater Protection Pirelli Lightwave
Repeater Protection Tycom
Lightning Module AirBus Aircraft
Lightning Module Lucas Engine Control
Polymer ESD JDSU
Polymer ESD Mercedes
Polymer ESD Sierra Wireless
USB Protection Intersil PRISM 2.5
USB Protection Scientific Atlanta
USB Protection Dell Server
[graphic of circuit schematic]
[graphic of EDFA Undersea Repeater]
. What's next?
Combination ESD and EMI protection products
.. Protect against human interface and RF interference
Slide 23
What's Next? FY02 R&D
. Managing Power
-- Laser Drivers
.. Fiber Optic Applications
--- Positioning products for metrolink and long haul applications
--- OC192, OC768
--- TAM $250 million, 30% growth
--- Competition: Vitesse
. Blue Laser Drivers for DVDR
--- New team with expertise in mass storage market
--- Product planned for release in Summer FY02
--- Competition: Elantec
. Managing Light
-- LEDs (lots of LED products in development!)
. Protecting Circuits
-- EMI Suppression Products
.. Wireless Applications
--- As many as 4 EMI filters per mobile phone (competition ST Micro,
Semtech)
.. Automotive Applications
--- Complements our Audio product lines
Slide 24
Sales- FY ends September
Annual (millions)
-----------------------------------------------
FY'96 FY'97 FY'98 FY'99 FY'00 FY'01
1st 6 Months 63.3 64.2 76.0 74.9 108.3 126.1
2nd 6 Months 71.3 74.4 75.8 100.4 129.5 60.1 (3 mos.)
Full Year 134.6 138.6 161.8 175.3 237.8
Quarterly (millions)
----------------------------------------------
Jun Sept Dec '99 Mar Jun Sept Dec '00 Mar Jun `01
46.2 54.2 51 57.3 64.1 65.4 63 63.1 60.1
Slide 25
Margins and R&D
Quarterly Margins
-----------------------------------------------
Jun Sept Dec-99 Mar Jun Sept Dec '00 Mar Jun
Gross
Margin 24.53% 25.78% 25.54% 29.16% 29.77% 30.86% 31.70% 32.56% 34.06%
Operating
Margin 4.60% 8.45% 5.28% 8.12% 9.53% 10.71% 9.42% 9.74% 10.38%
R&D Spending
-----------------------------------------------
Quarter Jun Sept Dec-99 Mar Jun Sept Dec '00 Mar Jun
R&D 2.97% 3.45% 4.59% 4.77% 4.61% 4.85% 5.43% 5.98% 6.81%
Slide 26
Balance Sheet Highlights
($ millions) FY 99 FY00 Jun-01
Cash and Equivalents 8 30 37
Working Capital 43 80 94
Total Debt 58 12 10
Stockholders' Equity 82 150 166