UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
June 4, 2010
Date of Report (Date of earliest event reported)
Date of Report (Date of earliest event reported)
DIODES INCORPORATED
(Exact name of registrant as specified in its charter)
| Delaware | 002-25577 | 95-2039518 | ||
| (State or other | (Commission File Number) | (I.R.S. Employer | ||
| jurisdiction of | Identification No.) | |||
| incorporation) |
| 15660 Dallas Parkway, Suite 850 | ||
| Dallas, Texas | 75248 | |
| (Address of principal executive offices) | (Zip Code) |
(972) 385-2810
(Registrant’s telephone number, including area code)
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
On June 4, 2010, Diodes Incorporated (the “Company”) issued a press release, announcing its
expansion into a new semiconductor category with its first standard logic product family. A copy
of the press release is attached as Exhibit 99.1 to this Report.
On June 8, 2010, the Company issued a press release to update its guidance for the second quarter
of 2010. A copy of the press release is attached as Exhibit 99.2 to this Report.
On June 9, 2010, Dr. Keh-Shew Lu, the Company’s President and Chief Executive Officer, and Carl
Wertz, the Company’s Vice President of Finance and Investor Relations, held a presentation at the
UBS Global Technology and Services Conference. A copy of the presentation slides is attached
as Exhibit 99.3 to this Report.
The information in this Item 7.01, including Exhibit 99.1, Exhibit 99.2 and
Exhibit 99.3, will not be treated as filed for the purposes of Section 18 of the Securities
Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section.
This information will not be incorporated by reference into a filing under the Securities Act of
1933, or into another filing under the Exchange Act, unless that filing expressly refers to
specific information in this Report. The furnishing of the information in this Item 7.01 is not
intended to, and does not, constitute a representation that such furnishing is required by
Regulation FD or that the information in this Item 7.01 is material information that is not
otherwise publicly available.
In the presentation slides, attached as Exhibit 99.3, the Company utilized financial
measures and terms not calculated in accordance with accounting principles generally accepted in
the United States (“GAAP”) in order to provide stockholders with an alternative method for
assessing its operating results in a manner that enables stockholders to more thoroughly evaluate
its current performance as compared to past performance. The Company also believes these non-GAAP
measures provide stockholders with a more informed baseline for modeling its future financial
performance. The Company’s management uses these non-GAAP measures for the same purpose. The
Company believes that its stockholders should have access to the same set of tools that it uses in
analyzing its results. These non-GAAP measures should be considered in addition to results prepared
in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.
See Exhibit 99.1 to the Company’s Form 8-K, filed on May 11, 2010, for definitions of the non-GAAP
financial measures, together with an explanation of why management uses these measures and why
management believes that these non-GAAP financial measures are useful to stockholders. In addition,
in Exhibit 99.1 to the Company’s Form 8-K, filed on May 11, 2010, it has provided tables to
reconcile the non-GAAP financial measures utilized to GAAP financial measures.
Cautionary Information Regarding Forward-Looking Statements
Except for the historical and factual information contained in the press release and presentation
slides attached as Exhibit 99.2 and Exhibit 99.3, respectively, to this Report, the
matters set forth in such press release and presentation slides are forward-looking statements
within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to risks and uncertainties that may cause
actual results to differ materially, including, but are not limited to, such factors as the
Company’s business and growth strategy; the introduction and market reception to new product
announcements; fluctuations in product demand and supply; prospects for the global economy; the
Company’s ability to continue to introduce new products; the Company’s ability to maintain customer
and vendor relationships; technological advancements; impact of competitive products and pricing;
growth in targeted markets; successful integration of acquired companies and/or assets; the
Company’s ability to successfully make additional acquisitions; risks of domestic and foreign
operations; currency exchange rates; availability of tax credits; the Company’s ability to maintain
its current growth strategy or continue to maintain its current performance and loadings in the
manufacturing facilities; the global economic weakness may be more severe or last longer than the
Company currently anticipates; and other information detailed from time to time in the Company’s
filings with the United States Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as of the date of the press release
and presentation slides. The Company undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information, future events or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | ||
| Number | Description | |
99.1
|
Press release dated June 4, 2010 | |
99.2
|
Press release dated June 8, 2010 | |
99.3
|
Presentation slides for the presentation at the UBS Global Technology and Services Conference on June 9, 2010 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: June 9, 2010 | DIODES INCORPORATED |
|||
| By | /s/ Richard D. White | |||
| RICHARD D. WHITE, | ||||
| Chief Financial Officer | ||||
Exhibit 99.1
Diodes Incorporated Announces Logic Products that Provide Upgrade for Industry Standard Parts
Diodes Incorporated expands into a new semiconductor category with its first standard logic product family
Dallas, Texas —June 4, 2010 —— Diodes Incorporated (Nasdaq: DIOD), a leading global
manufacturer and supplier of high-quality application specific standard products within the broad
discrete and analog semiconductor markets, today has released its very first family of single-gate
logic products. Built on an advanced 5V CMOS process and offering performance enhancements over
existing alternatives, the 74LVC1Gxx series provides users with the eight most popular standard
logic functions in SOT25 and SOT353 package options, and the 74LVCE1GXX series offers enhanced
performance versions of these same functions.
Dr. Keh-Shew Lu, President and Chief Executive Officer of Diodes Incorporated said, “I’m pleased to
announce Diodes’ entry into the standard logic market. The logic market represents a natural fit
for Diodes’ strategic focus on high-volume standard products, and expands our serviceable available
market by over 15% to an approximate $20 billion annual SAM. Furthermore, there are strong
packaging synergies with our existing Analog and Discrete product lines. Many current logic
suppliers are dependent on packaging subcontractors, and customers are seeing extended industry
leadtimes on these products. Diodes has its own world-class cost-effective, high-volume assembly
facility that’s well suited to the manufacture of low pin-count SOT25 and SOT353 packages. We’re
pleased to be able to leverage this capability to provide users with an alternative source of
quality, high-performance logic products.”
Suitable for use in a variety of communication, computing, consumer and networking equipment, the
initial Logic product offering covers AND, NAND, OR, NOR, XOR, inversion and buffering functions.
The single-gate products are cost effective replacements for industry standard parts in
point-of-application general purpose logic, level shifting and signal isolation applications.
At 1.65V to 5.5V, the operating voltage range of the 74LVC1Gxx series is wide, enabling it to
support both portable battery operated and traditional 5V applications. To address higher
performance application requirements, the 74LVCE1Gxx extended specification products operate down
to 1.4V, and provide a 30% enhancement in switching speeds at 1.8V as compared to the standard LVC
family. Both families have 5.5V tolerant inputs, enabling the creation of voltage translation
solutions.
In many applications, the logic products will draw less than 1µA of supply current, ensuring low
power consumption. Their IOFF output circuitry means that the output is disabled when
the device is powered down, preventing damaging backflow current from entering the device or
unnecessarily loading shared signal lines. Further information is available on the Company’s
website at www.diodes.com/logic.
About Diodes Incorporated
Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index
company, is a leading global manufacturer and supplier of high-quality application specific
standard products within the broad discrete, logic, and analog semiconductor markets. Diodes
serves the consumer electronics, computing, communications, industrial, and automotive markets.
Diodes’ products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional
specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature
sensors; power management devices, including LED drivers, DC-DC switching and linear voltage
regulators, and voltage references along with special function devices, such as USB power switches,
load switches, voltage supervisors, and motor controllers. The Company’s corporate headquarters,
logistics center, and Americas’ sales office are located in Dallas, Texas. Design, marketing, and
engineering centers are located in Dallas; San Jose, California; Taipei, Taiwan; Manchester,
England; and Neuhaus, Germany. The Company’s wafer fabrication facilities are located in Kansas
City, Missouri and Manchester, with two manufacturing facilities located in Shanghai, China,
another in Neuhaus, and a joint venture facility located in Chengdu, China. Additional
engineering, sales, warehouse, and logistics offices are located in Taipei; Hong Kong; Manchester;
and Munich, Germany; with support offices located throughout the world. For further information,
including SEC filings, visit the Company’s website at http://www.diodes.com.
###
Company Contact:
|
Investor Relations Contact: | |
Diodes Incorporated
|
Shelton Group | |
Julie Holland
|
Leanne K. Sievers | |
VP, Worldwide Analog Products
|
EVP, Investor Relations | |
P: 972-385-2810
|
P: 949-224-3874 | |
E: pressinquiries@diodes.com
|
E: lsievers@sheltongroup.com |
Exhibit 99.2
Diodes Incorporated Increases Second Quarter 2010 Guidance
Dallas, Texas — June 8, 2010 — Diodes Incorporated (Nasdaq: DIOD), a leading global manufacturer
and supplier of high-quality application specific standard products within the broad discrete,
logic and analog semiconductor markets, today increased its revenue and gross margin guidance for
the second quarter of 2010.
The Company is increasing its revenue guidance for the second quarter of 2010 due to increasing
demand for the Company’s products in its worldwide markets. Revenue is expected to range between
$147 million and $151 million, an increase of 7.5 to 10.5 percent sequentially, compared to its
previous guidance of $143 million to $148 million or an increase of 4 to 8 percent sequentially.
The Company is also raising its second quarter 2010 gross margin guidance due to gross profit
growing faster than the revenue increase. Gross margin is expected to range between 35.0 to 36.0
percent versus its prior guidance of gross profit growing at the same rate as revenue, or gross
margin of 34.9 percent.
About Diodes Incorporated
Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index
company, is a leading global manufacturer and supplier of high-quality application specific
standard products within the broad discrete, logic, and analog semiconductor markets. Diodes
serves the consumer electronics, computing, communications, industrial, and automotive markets.
Diodes’ products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional
specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature
sensors; power management devices, including LED drivers, DC-DC switching and linear voltage
regulators, and voltage references along with special function devices, such as USB power switches,
load switches, voltage supervisors, and motor controllers. The Company’s corporate headquarters,
logistics center, and Americas’ sales office are located in Dallas, Texas. Design, marketing, and
engineering centers are located in Dallas; San Jose, California; Taipei, Taiwan; Manchester,
England; and Neuhaus, Germany. The Company’s wafer fabrication facilities are located in Kansas
City, Missouri and Manchester, with two manufacturing facilities located in Shanghai, China,
another in Neuhaus, and a joint venture facility located in Chengdu, China. Additional
engineering, sales, warehouse, and logistics offices are located in Taipei; Hong Kong; Manchester;
and Munich, Germany; with support offices located throughout the world. For further information,
including SEC filings, visit the Company’s website at http://www.diodes.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements
set forth above that are not historical facts are forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those in the
forward-looking statements. Such statements include statements regarding our expectation that: the
Company is increasing its revenue guidance for the second quarter of 2010 due to increasing demand
for the Company’s products in its worldwide markets; revenue is expected to range between $147
million and $151 million, an increase of 7.5 to 10.5 percent sequentially, compared to its previous
guidance of $143 million to $148 million or an increase of 4 to 8 percent sequentially; the Company
is also raising its second quarter 2010 gross margin guidance due to gross profit growing faster
than the revenue increase; and gross margin is expected to range between 35.0 to 36.0 percent
versus its prior guidance of gross profit growing at the same rate as revenue or gross margin of
34.9 percent. Potential risks and uncertainties include, but are not limited to, such factors as:
we may not be able to maintain our current growth strategy or continue to maintain our current
performance and loadings in our manufacturing facilities; our future guidance may be incorrect; the
global economic weakness may be more severe or last longer than we currently anticipate; and other
information detailed from time to time in the Company’s filings with the United States Securities
and Exchange Commission.
Recent news releases, annual reports, and SEC filings are available at the Company’s website:
http://www.diodes.com. Written requests may be sent directly to the Company, or they may be
e-mailed to: diodes-fin@diodes.com.
###
Company Contact:
|
Investor Relations Contact: | |
Diodes Incorporated
|
Shelton Group | |
Carl Wertz
|
Leanne K. Sievers | |
Vice President, Finance and Investor Relations
|
EVP, Investor Relations | |
P: 805-446-4800
|
P: 949-224-3874 | |
E: carl_wertz@diodes.com
|
E: lsievers@sheltongroup.com |
Exhibit 99.3
| UBS Global Technology Conference New York June 9, 2010 |
| Safe Harbor Statement Page 2 Any statements set forth herein that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements include, but are not limited to, statements regarding Diodes' business objective, revenue and gross margin guidance, future quarterly outlook, growth strategy and guidance in revenue range, revenue growth, gross margin, gross profit, gross profit growth, operating expenses, income tax rate range, the number of outstanding shares of Common Stock, and the rate of capital expenditure. Potential risks and uncertainties include, but are not limited to, such factors as Diodes' business and growth strategy; the introduction and market reception to new product announcements; fluctuations in product demand and supply; prospects for the global economy; continued introduction of new products; Diodes' ability to maintain customer and vendor relationships; technological advancements; impact of competitive products and pricing; growth in targeted markets; successful integration of acquired companies and/or assets; Diodes' ability to successfully make additional acquisitions; risks of domestic and foreign operations; currency exchange rates; availability of tax credits; Diodes' ability to maintain our current growth strategy or continue to maintain our current performance and loadings in our manufacturing facilities; the global economic weakness may be more severe or last longer than we currently anticipate; and other information detailed from time to time in Diodes' filings with the United States Securities and Exchange Commission. This presentation also contains non-GAAP measures. See the Company's press release on May 6, 2010 titled "Diodes Incorporated Reports First Quarter 2010 Financial Results" for detailed information related to the Company's non-GAAP measures and a reconciliation of GAAP net income (loss) to non-GAAP net income (loss). |
| Management Representative Page 3 Dr. Keh-Shew Lu President and CEO President and CEO Since 2005 Director - Diodes 9 years Texas Instruments 27 years Experience: Senior Vice President of TI Worldwide Analog and Logic Senior Vice President of TI Worldwide Memory President of Texas Instruments - Asia Education: Master's Degree and Doctorate in Electrical Engineering Texas Tech University Bachelor's Degree in Engineering National Cheng Kung University - Taiwan |
| About Diodes Page 4 A leading global manufacturer and supplier of high-quality application specific, standard products within the broad discrete, logic and analog markets, serving the computing, consumer, communications, industrial and automotive segments. |
| Business Objective To consistently achieve above-market profitable growth, utilizing our innovative and cost-effective packaging technology, suited for high volume, high growth markets by leveraging process expertise and design excellence to deliver market-leading semiconductor products Page 5 |
| Diodes Strategy: Profitable Growth Page 6 |
| 2009 Total Semiconductor Market ($226 bn) Significant Market Opportunity Page 7 $97 bn $22 bn $45 bn $32 bn $16 bn Diodes' SAM: $4 - $6 bn Diodes' SAM: $9 - $11 bn Opto $14 bn Logic Analog Discrete Micro Memory Diodes' SAM: $2 - $3 bn |
| Revenue Profile - 1Q10 By Channel By Region By Segment Page 8 16% 73% 11% Asia Pacific Europe North America 53% 47% Distribution OEM 28% 20% 17% 32% 3% Industrial Consumer Communications Automotive Computing |
| Efficiency, Functionality, and Control for Smart Phones Page 9 LCD Backlighting LED Drivers Boost Converters Schottky Diodes LCD / OLED Display Bias LCD Bias ICs OLED Bias ICs Schottky Diodes LED Flash Module Camera Flash Drivers ZXMN series MOSFETs Keypad Backlighting LED Drivers Boost Converters Schottky Diodes System Voltage Conversion Low Dropout Regulators DC-DC Converters Schottky Diodes Low-Saturation Bipolar Transistors GPS Antenna Detection Current Monitors Flip / Slide Detection Hall Effect Sensors Hall Effect Drivers Battery Power Management USB Power Switches Current Monitors Charger ICs Low-Saturation Bipolar Transistors ZXMP series MOSFETs RF Power Amplifier Low Dropout Regulators |
| Strong Relationships Drive LCD/LED TV Product Roadmaps Page 10 LCD Display Buffer 40V High-gain BJT System Power Conversion Low Dropout Regulators DC-DC Converters Voltage References Synchronous MOSFET Controllers 40V/100V SBR and Schottkys Bridge Rectifier Diodes LCD LED Backlighting Current Monitors 400V High-gain NPN BJT 60V/100V High-gain NPN BJT 60V/100V N-channel MOSFETS CCFL Backlighting 30V Low On-resistance MOSFETs System Interface USB Power Switches Zener and TVS Arrays System Power Management Buck DC-DC Converters Low Dropout Regulators 20V/30V/40V SBR and Schottkys 30V P-Channel MOSFETs 30V Low-saturation PNP BJT Antenna Tuner DC-DC Converters 40V Schottkys Audio Amplifier Buck DC-DC Converters Schottky Diodes SBR |
| Product Breadth and Performance for Computing Platforms Page 11 LCD / LED Backlighting LED Drivers Boost Converters Schottky Diodes Battery Power Management Current Monitors Load Switches Low-Saturation BJT ZXMP series MOSFETs System Voltage Conversion Low Dropout Regulators DC-DC Converters Schottky Diodes Low-Saturation BJT Open / Close Detection Hall Effect Sensors Hall Effect Drivers System Power Management Buck DC-DC Converters Low Dropout Regulators Super Barrier Rectifiers Schottky Diodes P-Channel MOSFETs Low-Saturation BJT System Interface USB Power Switches Zener and TVS Arrays Audio Amplifer Buck DC-DC Converters Schottky Diodes Super Barrier Rectifiers Wireless Connectivity DC-DC Converters Low Dropout Regulators |
| ZXLD series AP880x series ZXS series MOSFET Low Saturation BJT Gate Drive Bipolar Schottky Diode SBR Zener Diode Current Monitor Low Voltage Reference Gate Drivers Linear LED driver Automotive Interior Lighting Street Lighting Flashlight Diodes Leadership in General Illumination Interior Lighting MR11, MR16 Fluorescent Tube replacement Mood Lighting Flashlight Page 12 Automotive DRL Tail Light Indicator Headlamp Interior lighting Street Lighting Street lighting Security lighting Sign Illumination |
| Page 13 Broad and Diverse High-Volume Product Offering Discrete Discrete Standard ICs ASSP ASSP Diodes Rectifiers Standard Linear ICs Power Management ICs Sensors Schottky Diodes Schottky Rectifiers Linear Voltage Regulators DC-DC Switching Regulators Unipolar Hall Switches Zener Diodes Super Barrier Rectifiers Standard Linear Regulators Buck Bipolar Hall Latches Switching Diodes Standard Rectifiers Quasi Low Dropout Regulators Boost Omnipolar Hall Switches SBR Diodes Fast Recovery Rectifiers Low Dropout Regulators Buck/Boost/Inverter Smart Fan Drivers Varactor Diodes Bridge Rectifiers Temperature Sensors Power Zener Diodes Voltage References Power Switches Magnetic Sensors Power Rectifier Diodes Shunt References Load Switches Micropower References USB Switches MOSFETs Protection Devices Small Signal MOSFETs Zener TVS Current Monitors LED Drivers Power MOSFETs Thyristor Surge Protection Current Output Charge Pump Protected MOSFETs Data Line Protection Voltage Output Boost Digital Broadcast by Satellite High Voltage MOSFETS Buck Fixed Bias Generators Complementary Pairs Operational Amplifiers Switched Bias Generators H-Bridges Power Supply Multiplex Controllers IntelliFET Comparators MOSFET Controllers Integrated Switch Matrix Active OR-ing Controllers DBS Interface Bipolar Transistors Function Specific Arrays Special Functions Chargers Small Signal BJT Relay Drivers Timer IC Pre-biased BJT Discrete Load Switches Reset Generators Medium Power BJT Discrete Voltage Regulators Siren Drivers High Power BJT MOSFET Gate-Drivers Low Power Motor Control Darlington Transistors Current Mirror Gate-Drivers Audio Low Saturation BJT Standard Logic ICs Direct Digital Feedback Amplifiers H-Bridges Single Gate Analog Input Amplifiers Enhanced Single Gate |
| Process Expertise for Cost Optimization Page 14 Diodes' process expertise drives capability and cost optimized solutions Reduced number of silicon layers with equivalent performance Voltage extensions for MOS and Bipolar processes State-of-the-art high density trench process for reduced on-resistance Lateral components embedded in power-efficient planar processes Process simplification Process extension for portfolio expansion Process performance enhancement Unique process capability |
| Page 15 Packaging Focus: Miniaturization and Power Efficiency PD-5 PM-III PD-323 PD-123 High Pin QFN T-CSP / DFN0603 Power PKG WL-CSP SOT923 TO252 TO220/263/ITO220S SOT223 SIP-3/4 SOT89 QSOP16/20L MSOP8/10 SOIC8 TSSOP8 SOT666 QFN 3~16 pin 0.4mm DFN 0.3mm DFN DFN1006-2 SOT953/963 SOT26/363 SOT25/353 SOT143/SC82 SOT23F SOT23/523 SC59 SOD-323F SOD123/323 |
| Page 16 Packaging Focus: Miniaturization and Power Efficiency Power Efficiency Miniaturization DFN 1006-2 Probably the smallest Discrete semiconductor package. DFN 1006-2 0.6mm 1.0mm Compared to a TO252, the PowerDI(r)5 package delivers twice the power density from a 55% smaller footprint. PowerDI(r)5 TO252 |
| Page 17 ASMCC: Application-Specific Multi-Chip Circuits Example: Load Switch Consolidates 5 parts into 1 Marrying Silicon Expertise with Packaging Leadership Application-tailored component characteristics Outstanding at-speed performance Current-carrying capability Space- and cost-efficient system solutions ASMCC Portfolio Includes: Gate Drivers Synchronous Controllers LED Drivers Load Switches Standard Arrays Function-specific Arrays |
| Efficient Manufacturing + Superior Processes Page 18 Shanghai-based packaging with capacity greater than 18 billion units Flexible and optimized manufacturing process = low packaging cost Additional packaging facilities in Neuhaus, Germany and JV in Chengdu, China Bipolar process technology for discrete and ICs High volume 5" and 6" wafer fab in Kansas City, MO for discretes 6" Wafer fab in Oldham, UK Strong engineering capabilities Packaging Wafer Fab Economies of Scale: Production Units in Shanghai (bn) 20 8.2bn 2005 11.8b n 2006 15.4bn 2007 16.7bn 2008 2004 5.4bn 18 16 14 12 10 8 6 4 2 2.1bn 2002 3.4bn 2003 2001 1.3bn 2001 - 2009 (CAGR: 37.1%) 16.2bn 2009 2010 22 24 5.2bn Q1 18.9bn 2009 Capacity Capex Budget = 10% - 12% of Revenue |
| Page 19 Quanta Hon Hai Collaborative Customer Relationships |
| Revenue by Year ($M) Revenue Growth Page 20 $0 $100 $200 $300 $400 $500 2004 2005 2006 2007 2008 2009 2003 - 2009 (CAGR: 21.2%) $434 $ 78 $104 $130 $122 2003 $433 $ 96 $116 $134 $ 87 $401 $343 $215 $186 $137 1H10 $137 $147-$151 Est. 33.4% 17.3% 6.6% 5.0% 7.5 - 10.5% |
| Annual Revenue Growth Rates Outperforming the Industry Page 21 59.9% 2003 to 2009 Growth Diodes: 21.2% SAM Industry: 2.4% 2004 2005 2006* 2007 2008* 2003 8.0% 35.6% 15.6% 16.9% 18.2% 18.1% (3.3%) 13.5% 8.1% (0.5%) (1.3%) (10%) 0% 10% 20% 30% 40% 50% 60% Industry (Discrete + Analog) Source: World Semiconductor Trade Statistics 0.4% (12.2%) 2009 *Acquisition Years |
| Industry and Media Recognition NASDAQ Global Select / S&P SmallCap 600 Index / Russell 3000 Index 2009 Forbes' 2009 List of 200 Best Small Companies Deloitte List of 50 Fastest Growing Tech Companies in Texas - Ranking 49th Dallas Tech Titans Fastest Growing Technology Companies - Ranking 30th 2008 Forbes' 2008 List of 200 Best Small Companies - Ranking 30th in sales, 49th in EPS growth Standard and Poor's Global Challenger's 300 List Business 2.0 Magazine's List of 100 Fastest Growing Technology Companies - Ranking 40th Forbes' List of 25 Fastest Growing Tech Companies - Ranking 22nd 2007 Forbes' 2007 List of 200 Best Small Companies - Ranking 16th, up from 37th 2nd in EPS growth BusinessWeek's List of 100 Hot Growth Companies - Ranking 49th Business 2.0 Magazine's List of 100 Fastest Growing Technology Companies - Ranking 39th 2006 Forbes' 2006 List of 200 Best Small Companies - Ranking 37th Standard and Poor's Top 300 Growth Companies - Ranking 51st Fortune's 100 Fastest-Growing Companies - Ranking 82nd Business 2.0 Magazine's Fastest-Growing Technology Companies - Ranking 26th, up from 45th BusinessWeek's List of 100 Best Small Companies - Ranking 52nd Page 22 |
| First Quarter 2010 Financial Performance Page 23 Revenue $78 $130 $137 $59 $7 Revenue Growth (10%) 7% 5% 76% 5% Gross Profit $14 $42 $48 $34 $6 Gross Margin % 18.6% 32.1% 34.9% 1630 bp 280 bp Operating Profit ($8) $14 $19 $27 $5 Net Income ($11) $14 $15 $26 $1 Earning per Share ($0.26) $0.32 $0.33 $0.59 $0.01 Cash Flow from Operations $7 $22 $24 $17 $2 EBITDA $3 $25 $33 $30 $8 1Q09 4Q09 Y/Y Q/Q 1Q10 $M |
| Balance Sheet Page 24 Dec 31, 2009 Cash $104 $242 $248 S-T Investment $ - $297 $238 Inventory $ 99 $ 90 $ 94 L-T Investment $321 $ - $ - Total Assets $891 $1,018 $982 Current Liabilities $ 87 $392 $345 L-T Debt $373 $125 $126 Total Liabilities $491 $567 $522 Total Equity $400 $451 $460 March 31, 2010 Dec 31, 2008 (adjusted) $M |
| Second Quarter 2010 Updated Guidance Page 25 Revenue expected to range between $147-$151 million, up 7.5% to 10.5% sequentially - Record Revenue Gross profit is expected to increase at a rate better than our revenue growth - Record Gross Profit Gross profit margin is expected to range between 35% to 36% - Record Gross Margin |
| Investment Highlights Page 26 |
| Thank you Company Contact: Diodes Incorporated Carl Wertz VP, Finance and Investor Relations P: 805-446-4800 E: carl_wertz@diodes.com Investor Relations Contact: Shelton Group Leanne K. Sievers EVP, Investor Relations P: 949-224-3874 E: lsievers@diodes.com www.diodes.com |