MONOLITHIC POWER SYSTEMS, INC. MPS Management
November 9th, 2023
Forward Looking Statements
This presentation includes forward-looking statements that involve risks and uncertainties, including our belief in continued
expansion of our product lines, advances in our technology, anticipated market opportunities, gross margin targets, net & operating margin targets, inventory targets, continuing business diversification, growth and opportunities in China and Taiwan, and increasing sales penetration in Japan, Korea, the U.S., Singapore and Europe. Other forward-looking statements can be identified by terms such as "would," "could," "may," "will," "should," "expect," "Wall Street estimates," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "targets," "target ranges", "seek," or "continue," the negative of these terms or other variations of such terms. These statements are only predictions based on our current expectations and projections about future events. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. In this regard, you should specifically consider the risks identified in our most recent 10-K in the section entitled "Risk Factors," including the risks, uncertainties and cost of litigation and risks related to fluctuations in our operating results.
1
MPS Growing, Even in Tough Markets ($M)
*
Industry Downturn
MPS Above Market
2019 +16%
Above Market
2012 +16%
Above Market
2009 +13%
Above Market
* Wall Street analysts' average revenue
2
2011 MPS
Transformation
41.9% MPS 3 Yr CAGR
Great Revenue Diversification by GEO & End Customer
4.5%
Revenue Mix by End Customer
4.0%
3.5%
3.0% | 36% | |
36% | 11% | |
8% | ||
2.5% | ||
9% | ||
2.0%
1.5%
1.0%
0.5%
50% of revenue comes from
'long tail' end customers
0.0%
3
Growth Drivers by End Market
Computing
Cloud Based Data Center
GPU's
Portable
Storage
Artificial
Intelligence
Automotive
Body Control
Lighting
ADAS
Electrification
Digital Cockpit
Industrial
Instrumentation
Factory & Bldg
Automation
Robotics
Healthcare
Commercial
Lighting
Infrastructure
5G and Wireless
Base Stations
Networking
Optical
Consumer
IOT
Wireless
Charging
Power
Management
Augmented
Reality
4
Leveraging 4000+ Products
AC/DC Power Conversion
- High-VoltageBuck Regulators
- High-VoltageLDOs
- Flyback Controllers
- Flyback Synchronous Rectifiers
- Active PFC Controllers
- LLC Resonant Converter Controllers
- LLC Synchronous Rectifiers
- PFC & LLC Combo Controllers
- X Capacitor Bleeders
DC/DC Power Conversion
- Step-Up(Boost)
- Step-Down(Buck)
- Buck/Boost
-
CPU Core Power
o 50A DrMOS in a QFN (5mmx5mm) Package - Power Magnetics
o Molded Inductors
o Semi-Shielded Inductors
Isolated Solutions | Battery Management | ||
• | Isolated Gate Drivers | • Li-Ion Single and Multi-Cell | |
• | Isolated Power Module | • | USB-Complaint Chargers |
• | Digital Isolator with Integrated Power | • | Switching Chargers |
• | Digital Isolators | • | Linear Chargers |
• | Totem-Pole PFC/LLC Controller | • | Integrated Power Bank Solutions |
Display Backlighting Power
- Backlight Drivers
- Electroluminescent Drivers
- Photo Flash Drivers
- LCD Power Supplies
Computing Power
- CPU Core Power
-
High-CurrentDrMOS
o 60A DrMOS in a QFN (4mmx5mm) Package - POL
5
E-Fuse, USB & Load Switches
- Programmable Current Limit Up to 50A per Device
- Adjustable Slew Rate
- Reverse Current Blocking
- Output Discharge (Load Switch)
- Integrated Auto-Detection
- Pin Compatible
- Parallelable Up to 10 Devices
- PMBus Command and Control
Motor Drivers & Position Sensors
- Brushless DC Motor Drivers
- Stepper Motor Drivers
- Brushed DC Motor/Solenoid Drivers
- Half-Bridge/Full-Bridge/Three-PhasePower Stages
- Magnetic Angular Position Sensors
Automotive & Industrial
-
AEC-Q100o DC/DC
o LED Lighting o Power Modules o Motor Drivers o USB Charging
o Display Backlighting o Precision Analog
Power Modules
- 6V, 600mA to 4A
- 16V, 600mA to 60A
- 21V, 600mA to 2A
- 36V, 600mA to 5A
- 55V, 1A to 3A
- 75V, 300mA
LED Lighting & Illumination
- TRIAC Dimmable AC/DC LED Controllers
- PWM and Analog Dimmable AC/DC LED Controllers
- DC/DC LED Controllers: Buck, Boost, & Buck-Boost
- LED Protection ICs
Class-D Audio, Precision Analog
- Analog Input Class-D Amplifiers
- PWM Input Power Stages
- Analog Switches
- Current-SenseAmplifiers
- Operational Amplifiers
- Voltage Reference
Diverse End Markets
% of Revenue | 2010 | 2020 | 2022 | 23Q3 | 2019-2022 |
CAGR | |||||
Enterprise Data | - | 8.6% | 14.0% | 20.8% | 73.7% |
Storage and | 10.4% | 21.4% | 25.3% | 27.3% | 47.4% |
Computing | |||||
Consumer | 65.1% | 26.1% | 17.8% | 13.1% | 24.8% |
Communications | 17.8% | 16.9% | 14.0% | 9.9% |
43.7%
Automotive | 1.9% | 12.9% | 16.7% | 20.0% |
49.2%
Industrial / Other | 4.8% | 14.2% | 12.2% | 8.9% |
30.2%
Total | 100% | 100% | 100% | 100% |
41.9%
6
MPS Technology Evolution
SAM
Proprietary Technologies Drive SAM Proliferation
$21B(1)
$16B(1) | ||||||||||||
$10B(1) | ||||||||||||
• | Multi KWatts Green Power | SiC | ||||||||||
• | Full Integration | • | Ultimate Integration (SoC) | |||||||||
• | Power | • | Power | Si | ||||||||
• | Highest Density | |||||||||||
• | Analog | • | Analog | |||||||||
• | Integrated Power | |||||||||||
• | Digital/ | • | uController | |||||||||
Analog | ||||||||||||
Memory | • | Memory | ||||||||||
• | Mesh Connect | • | Chip Scale Power | • | Smart Cooling for KWatts App | |||||||
Packaging | ||||||||||||
Modules | ||||||||||||
'12-15 | '16-18 | '19-22 | YEAR |
7 | Note 1: SAM. |
SAM Expansion
Market | 2015 SAM | 2018 SAM | 2021 SAM |
Automotive | $4B | $6B | $7B |
Motion Control | $2B | $3B | $4B |
ACDC | $1B | $2B | $2B |
Modules | $1B | $2B | $2B |
Cloud Computing (Server / Storage) | $800M | $1B | $4B |
Networking / Telecom | $600M | $1B | $1B |
Battery Management | $600M | $1B | $1B |
Total Market SAM | $10B | $16B | $21B |
8
MPS Global Footprint: R&D Centers and MFG Partners
Kirkland
San Jose
Phoenix
R&D Facilities
MFG Partners
Milan | |||||
Munich | |||||
UK | Budapest | Seoul | |||
France | Beijing / Shgh | ||||
Detroit | S. Korea | ||||
Switzerland | Hangzhou | ||||
Barcelona | |||||
Chengdu | Tokyo, Osaka | ||||
N.Carolina | |||||
Shanghai | |||||
Taiwan | |||||
Taiwan | |||||
Malaysia | |||||
Singapore |
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Disclaimer
MPS - Monolithic Power Systems Inc. published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 14:01:23 UTC.
