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TECH DRIVEN PRODUCTS:
power conversion efficiency
clean energy generation
automation improvement
As with most presentations, the following discussion contains forward-looking statements, and our actual results may differ materially from those discussed here. Additional information
concerning factors that could cause such a difference can be found in the Company’s Annual Report on Form 10-K, as amended, for the year ended March 31, 2011.
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INNOVATIVE AND GROWING
POWER SEMICONDUCTORS - Pioneer in high power MOSFET, IGBT and Bipolar Power Technologies
ANALOG, MIXED SIGNAL SPECIALIZED ICs, HVICs , MCUs
RF POWER & SYSTEMS
“REAL CASH” profitability, lower operating costs and shareholder equity growth Multi-disciplined technology: MOS, Bipolar, SOI, DCB, IGBTs, ICs; over 350 patents
Founded in Silicon Valley (1983), with 10 divisions worldwide and over 1000 employees More than 2500 customers across sectors ranging from telecom, transportation, industrial, medical, consumer, aerospace and renewable energy companies
CORPORATE ROADMAP
1983 IXYS Founded 1989 IXYS Acquired ABB’s German Semiconductor Division (IXYS Germany) 1998 IXYS Goes Public 2000 Acquisition of DEI (IXYS Colorado) 2002 Acquisition of Westcode Semiconductor Ltd. & Clare, Inc.2003 Acquisition of Microwave Technology, Inc. 2009 IXYS CH GmbH Acquisition of Leadis business lines (LED/LCD) 2010 Acquisition of Zilog
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END MARKETS
IXYS DIVISIONS
Power Semiconductors
(73.2% of total FY11 revenues)
Integrated Circuits/ Mixed Signals ICs/MCUs
(19.1% of total FY11 revenues)
RF Power & Systems
(7.7% of total FY11 revenues)
Industrial Medical Telecom Consumer Transportation Renewable Energy Medical Military/Aerospace Telecom Industrial Telecom Consumer Military/Aerospace Transportation
PRODUCT LINE
OUR TECHNOLOGY
ELEMENTS OF POWER CONVERSION
Low Voltage Refined Electricity High Voltage Raw Electricity Diodes Rectifiers Thyristors Modules MCU PFC Control ICs Opto Feedback MCU Digital Control IGBTs Power MOSFETs BiMOSFETs Thyristors Modules Schottky & Fast Diodes Modules Opto MCU Sync RectifierINPUT CONTROL SWITCHING OUTPUT
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Asset Rich: Cash invested internally
Product Base Spans Entire Power Spectrum
Long Life Cycle of Products (10-20 Years)
Maximizes Revenues per R&D
Builds lasting customer relationships
Use of Non-Leading Edge Wafer Foundries
Favorable Cost & Availability Low Cap-Ex Requirements
Balanced Sales Strategy
52% of revenue from direct sales; 48% of revenue from distributors
Strong Customer Relationships Worldwide
Over 2,500 customers, extensive design wins, sole source relationships
BUSINESS MODEL
SERVING CUSTOMERS WORLDWIDE
Products cover entire power spectrumFocused direct sales force
Broad sales representative and distributor relationships
IXYS R&D, Manufacturing, Sales & Distribution External Foundries
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CUSTOMER BASE
Electrical Energy Costs Increase
Electricity Demand Grows Faster Than Supply
High Demand For Clean, Uninterruptible Power
Voltage Gap Between Supply & Demand
Demand For Higher Power Density & Efficiency
Demand For Mass Transit, HEV & EVs
Demand For LED Lighting
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Control to energy generators, power line, motor drives, automation & robotics, factory conveyor belts, process control, RF heating, machine tools and welding
*Sources: 2009 Semiconductors In Process Control, Databeans, Inc. 2/09; Power Semis Motor Ahead, IMS Research 8/08; 2008 Industrial Semiconductor Revenues Overtake Automotive, Semicast Research 5/09)
PORTFOLIO: INDUSTRIAL
Approximately 50% of IXYS’ revenues stem from the industrial market
Industrial semiconductor market revenues at $22.1 billion in 2008, an 11% increase from 2007* Test/measure semi market sales at $7.2 billion; Process control with $6.3 billion in sales (2008)* Growth in semiconductor market for motor drives: $1 billion to $1.3 billion by 2010*
Motor controls, power switch, power supplies, electric utility meters, power management, elevator/escalator controls, factory automation, industrial & lighting controls
Power Semiconductors
Mixed signal/advanced high voltage ICs for VoIP gateway and FIOS Optically isolated solid state relays for high voltage switching/ power isolation. In integrated telecom & linear opto-couplers.
Wireless base stations, Internet host facilities & storage area networks Ruggedized high power MOSFETs for telecom power stations
High Linearity Power Amplifiers for 802.11 WiFi and 802.16 WiMAX base station apps.
PORTFOLIO: IT & TELECOM
Power Semiconductors
Integrated Circuits
RF Power & Systems
IXYS’ products aimed at the critical last inch of the last mile of the global telecom network; technologies for the communications evolution: VoIP, WiMAX, WiFi
Analog ICs market for communication equipment at $10 billion in 2009; $18.4 billion by 2014* WiMAX semi market revenue to reach $480 million in 2008; growing to $1.2 billion in 2012*
ANALOG ICs Comm. Equipment*
2009 2014
Control of high voltage power for defibrillators (portable/hospitals) MRI, X-Ray, CATs, Lasers
MRI systems
Increasing electronic content Better image resolution
PORTFOLIO: MEDICAL
13 Ultrasound Imaging Diagnostics Power Semiconductors Integrated CircuitsRF Power & Systems
Medical Electronics Market*
BILLIONS
IXYS: Recognized worldwide with FDA approval for MOS
power and Bipolar power in defibrillators
PORTFOLIO: MILITARY/AEROSPACE
Satellite Surveillance
Radar Space Applications
Military & Aerospace Semiconductor Market
for 2009* $2.8 billion
August 2009: BAE Systems contract for MW amplifiers with military elec. specifications/ reliability 20 years in Mil-Aero industry
Upgrade of military aircraft to "energy efficient/smarter" systems utilizing electronic controls Demand for commercial off-the-shelf power semiconductors and ICs
IXYS products: naval power, radar systems, avionic fly-by-wire and military vehicle electronics
Avionics Controls Ship-to-Shore Communications Electronic Countermeasures Munitions
Surveillance
Integrated Circuits
PORTFOLIO: TRANSPORTATION
IXYS’ chips in hybrid transportation market (electrified locomotives) in Asia, Africa, Europe, Middle East and Americas
IXYS’ products for hybrid car market include:
ISOPlus™ Direct Copper Bond (DCB)
IGBT power modules for applications in inverters for traction drive systems and converters for high power voltage conversion
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Power Semiconductors
Integrated Circuits
Automotive applications among the largest markets for power ICs
Application-specific devices to account for 75% of worldwide revenue for analog ICs in automotive applications
IXYS has 20-year history in electrified transit – key chip supplier to GM’s first electric roadster, EV1 Global market for auto semis to grow from $20 billion in 2007 to just over $30 billion in 2015.* Average semi content per light vehicle to grow steadily from $295 in 2007 to $375 in 2015.* Fastest growing segments of automotive semis: optoelectronics, sensors, logic and processors.
PORTFOLIO: CONSUMER
INCREASED TECH: longer battery life, reg. power quality/reliability THE ANSWER: LED Drivers from IXYS
SMALL/PORTABLE DISPLAY
Handheld – backlight & flash Flexible displays – E-ink
For digital cameras, PDAs, cell phones MEDIUM DISPLAYS
LED drivers for backlighting Flexible displays
For GPS, Net PCs & laptops, E-books LARGE DISPLAYS
Flat panel displays (LCD): LED backlighting Flexible displays - HV drivers
Screens (computer & television)
LED & Display Driver ICs
SEPTEMBER 2009: IXYS purchased LED and display drivers technology, adding state-of-the-art LED and display ICs to the existing organic IXYS’ product portfolio.
Global electronic display technology expected to be worth $98.6 billion in 2009. Increase to over $174.2 billion in 2014, for a compound annual growth rate (CAGR) of 12.1%.*
PORTFOLIO: LIGHTING & DISPLAY
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LED Driver ICs
Objective: Best In-Class Efficiency & BOM Cost Value Proposition: Direct LED Temp Control LED Products
DC to DC Lighting AC to DC Lighting
IXYS LED/LED IC BENEFITS:
Cost savings, higher luminance performance, reduced energy consumption, long operating life/durable, reduced heat production, smaller package size, safety improvements
LEDs in niche lighting: billboards, architectural, traffic signals and vehicle lighting.
Lighting is the second largest end-use of energy in buildings (22% of total U.S. electrical energy). LED provides energy efficient alternative.
*Source: iSupply Research
2008 2013 $8.1B
$14.2B
Market Attributes Projected Worldwide Microcontroller
Market (2008 – 2013)
(in USD Billions)
Increased use of MCUs by automotive applications (e.g. green vehicles)
Flash MCUs account for the largest share of MCU revenues (58% in 2006)
16-bit segment expected to experience strong growth
surpassing 8 bit unit sales in 2011
32-bit segment expected to experience strong growth due to improvements and cost reductions
PORTFOLIO: MICROCONTROLLERS (MCUs)
Digital power management is a fast growing application.
With the expected rebound in MCU sales in 2010, IXYS anticipates growth in opportunities for refined power control in many applications.
By introducing MCUs that enable digital power management and embedded control, IXYS will be able to create comprehensive solutions for its diversified customer base.
PORTFOLIO: MICROCONTROLLERS (MCUs)
Complementary business lines and new markets
Industrial: Motor control/power control, security systems, robotics & sensors, power metering Consumer: Portable electronics, white goods, LCD/LED backlights
Medical: Low power digital controls
IT/Telecom: Modems, routers, VoIP, FIOS, data on power line, server farms
Power Management: Power management, PFC, power grid management, reduction of standby power (“vampire power”)
Transportation/Automotive: Automotive controls, LED lamps, battery power management, HEVs and EVs, electric trains and substations
Renewable Energy: Solar inverters, chargers/energy-harvesting , optimization of PV power Lighting/Display: Digital controllers for LED lighting, motion light activation, large LED displays
PORTFOLIO: SOLAR ENERGY
Portable/Consumer Electronics Solar Battery Chargers Battery-Operated Equip. Wireless Sensors/Detection Off-Grid Installation Flame Detection
Sunlight/ Light Detection Remote Sensor Installation
ELECTRIC GRID: Global PV inverter market at $2 billion in 2009; projected $4 billion by 2015.* Electricity supply/demand imbalance lessened with PV.
BATTERY POWER: Battery-powered systems that recharge via AC outlets strain U.S. electricity grid. Need for high-efficiency chargers.
IXYS Solar Bulbs:
Solar panel “on a chip” -Generates 4V-8V-12V of electricity – the only in the industry
Solar Battery Chargers
Ensuring DC-AC voltage conversion (to elec. grid) is controlled without power surges/outages. High voltages require extensive power semiconductors.
IXYS’ Proprietary Solar Cells & Bits Power Semis For Solar Inverters
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PORTFOLIO: WIND ENERGY
IXYS’ WESPACK SCRs: Phase control devices used in thyristor AC regulators to connect the output of the wind generator to the grid; frequency synchronization between wind and fixed grid frequency IXYS’ Press Pack IGBTs: Mast head converter/inverter or ground-based synchronization element; unrivalled reliability when compared to IGBT plastic module propositions from other suppliers
INVERTER
U.S. market for wind turbine components & systems worth $60.9 billion in 2013.* Compound Annual Growth Rate between 2008 and 2013 is expected to be 40%.* IXYS: One of the first suppliers of power semis to wind market, dating to early 1995.
Power Semiconductors
Variable Voltage/Frequency Fixed Voltage/Frequency
VoIP & Internet Communications
Renewable Energy
Clean Tech Products (water/food/gas/waste treatment)
Power Management ICs – HVICs, MCUs
Flat Displays: Flexible, PDP, LCD & Signs
RF Power & MMICs: WiMAX
Automotive Electric Power, HEV, EVs
LED-Based Lighting: Driver ICs
FINANCIAL UPDATE
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0 $400.0
Fiscal year ended March 31,
ANNUAL REVENUES
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 25
REVENUES BY QUARTER
In millionsREVENUE BY PRODUCT/GEOGRAPHY: Q1 FY12
ICs
26.4%
ROW
3.0%
RF Power &
Systems – 7.1%
Power Products
75.1%
ICs
17.8%
Asia & ROW
35.2%
Europe &
ME
37.0%
North
America
27.8%
REVENUE BY MARKET: Q4 FY10
INDUSTRIAL
(incl. renewable energy)
53% COMM INFRASTRUCTURE 17% MEDICAL 10% TRANSPORTATION 4.1% CONSUMER 5% OTHER 10.0% 27
REVENUE BY MARKET: Q1 FY12
OTHER 10.0% OTHER 11% TRANSPORTATION 4%
IXYS is a differentiated semiconductor company,
focused on power and specialty ICs
Cash Generating Operations
Asset Rich: Cash, Real Estate & Patents Upside In Traditional & Developing Markets Diverse Applications, Customers & Products Undervalued Stock Price
