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NVIDIA Financial Highlights Presentation: Annual Investors Day, March 25, 2014

Colette M. Kress, EVP & CFO of NVIDIA, shared these financial highlights with attendees of NVIDIA's Annual Investor Day on March 25, 2014.

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NVIDIA Financial Highlights Presentation: Annual Investors Day, March 25, 2014

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  1. ANNUAL INVESTOR DAY Colette Kress, EVP & CFO

  2. Revenue growing faster than overall market Strength in overall business provides foundation for higher growth opportunities Gross margin expansion Strong cash flow generation enables:  Leverage investment  Focus on regular capital return Financial Highlights

  3. GPU Growth in a Challenging Market PC Revenue (Billions) Overall NVIDIA GPU Revenue (Millions) 400 4,000 9% CAGR 7% 300 3,000 OVERALL NVIDIA GPU 15% 200 2,000 GEFORCE GAMING GPUs 10% WORKSTATIONS 37% 100 1,000 TESLA 10% MAINSTREAM OEM 0 0 FY2011 FY2012 FY2013 FY2014 Calendar 2010 - 2013 PC Revenue From Gartner Data GPU Revenue, Ex-MCP Chipset

  4. Executing on Growth Drivers NVIDIA PC Gaming/OEM/Workstation NVIDIA High Growth Businesses 4,000 1,200 CAGR CAGR 3,000 900 9% 67% 13% Workstations Millions 100%+ Licensing 2,000 600 9% 48% Tegra 1,000 PC Gaming & OEM 300 64% DC/Cloud 0 0 FY10 FY14 FY10 FY14

  5. $6 60 % Revenue Gross Margin 55% Gross Margin Expansion $5 $4.3 50 % $4.1 $4.0 $4 Billions $3.5 Drivers  ASPs for visual computing  Expansion to new high- margin verticals: Tesla and GRID  Ongoing focus on costs $3.3 $3 40 % 39% $2 $1 30 % FY2010 FY2011 FY2012 FY2013 FY2014 Gross Margin is a Non-GAAP measure

  6. Unified Architecture Leveraged Investments $1.6B Tesla Tegra GeForce GRID Quadro Auto 75% 25%

  7. Robust Cash Flow Generation $1,000 $909 $835 $824 $750 $676 Millions $488 $500 $250 $- FY10 FY11 FY12 FY13 FY14

  8. Cash Balance Significant Liquidity and Low Leverage $5.0 Foreign Cash US Cash $4.5 $4.0 $3.73 Debt $3.32 $3.5 $3.13 $3.0 Billions $2.49 $2.5 $2.0 $1.73 $1.5 $1.0 $0.5 $0.0 FY10 FY11 FY12 FY13 FY14

  9. Capital Return $1,200 Capital return to shareholders $1,069 Capital Return Strategy to Drive Shareholder Value $1,000 Dividend $900 Millions Share repurchase/ dividend Shares $600 Repurchase ASR $300 $147  Regular and consistent return of capital over time $- FY12 FY13 FY14 FY15  Increased quarterly dividend 13% from $0.075/sh to $0.085/sh Shares Outstanding $700  Intend to return $1.0B in capital to shareholders in FY15 with dividends and share repurchases $650 617 612 Millions $600 568  Increased share repurchase authorization to ~$1.3B through FY16 $550 $500 FY12 FY13 FY14

  10. Durable and high-margin growth through vertical market leadership and diversification to drive consistent and regular capital return Strong balance sheet and significant liquidity Focus on OPEX: Unified architecture leverages IP investments Key Takeaways

  11. Appendix

  12. RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES Non-GAAP Stock-based compensation (a) Net warranty charges (b) Other (c) GAAP FY2010 Gross margin 39.0% (0.7) (2.9) — 35.4% FY2011 Gross margin 45.1% (0.2) (5.1) — 39.8% FY2012 Gross margin 51.9% (0.3) — (0.1) 51.5% FY2013 Gross margin 52.3% (0.3) — — 52.0% FY2014 Gross margin 55.1% (0.3) 0.2 (0.1) 54.9% Footnotes (a) In addition to our historical practice of excluding stock-based compensation, during FY10, the Company completed a tender offer to purchase outstanding stock options which resulted in a charge of $140.2 million. This charge was allocated to cost of goods sold of $11.4 million which resulted in 0.3% impact to gross margin. (b) Consists of charges for the weak die/packaging material set that was used in certain versions of our previous generation chips and the release of the remaining warranty reserve balance as of January 26, 2014. (c) Comprised of a legal settlement charge.

  13. RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES FY2010 FY2011 FY2012 FY2013 FY2014 Graphics Processing Unit (GPU) excluding chipset revenue $2,298 $2,659 $2,990 $3,228 $3,454 Chipset revenue 872 687 197 24 14 GPU revenue $3,170 $3,346 $3,187 $3,252 $3,468 Non-GAAP Stock-based compensation Acquisition- related items Other (b) GAAP (a) FY2014 Operating expense $1,610 126 32 4 $1,772 Footnotes (a) Consists of amortization of acquisition-related intangible assets ,transaction costs, compensation charges and other credits related to the acquisitions. (b) Comprised of intangible asset write-off, restructuring charge, and legal settlement costs, net of credits. (in millions)

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