maxim automotive business...
TRANSCRIPT
Safe Harbor
2
This presentation contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements include, without limitation, the Company’s projections and statements
regarding revenue, gross margin, earnings per share, capital expenditures and other financial and business
metrics. These statements involve risks and uncertainties that could cause actual results to differ
materially from expectations. Please refer to the Company’s Annual Report on Form 10-K for the fiscal
year ended June 24, 2017 for a description of some of the risk factors that could cause actual results to
differ materially from such forward-looking statements.
All forward-looking statements included in this presentation are made as of the date hereof and based on
the information available to the Company as of the date hereof. The Company assumes no obligation to
update any forward-looking statement.
Over a Decade of Innovation in Automotive Semis
3
Maxim’s Automotive Growth Drivers1
Advanced Driver Assistance Systems3
Q&A Session4
Electrified Vehicles2
The Next Waves of Automotive Growth
4
Electrification ADAS
Serial LinkPower Management
Battery Management
Systems (BMS)
CY2012 CY2017F
Electrified Vehicles and ADAS Adding to Infotainment Foundation
5
>30%CAGR
$185M
>$475M
Infotainment
Body Electronics
ADASElectrified Vehicles
Maxim’s Automotive ApplicationsAutomotive USB
Body ControlDisplay Power
ECU Power Management and Voltage Regulation Electrified Vehicle Battery Management
Exterior and Interior Lighting Infotainment Power Management
Low Noise Amplifiers Remote Keyless Entry
RF Tuners and ReceiversVideo and Data Distribution
Source: Maxim Integrated
Electrified Car Production to Triple by 2022
6
RegulationAir Quality
Cost of Ownership
Inflection in EV Adoption
~4M Electrified Cars of 95M Total Car Production
Source: Strategy Analytics. Electrified Cars includes Battery Electric/Plug in Hybrid/Hybrid Units
5% 11%
2017F 2022F
~12M Electrified Cars of 107M Total Car Production
Diversified Portfolio of EV Design Wins
7
China
Europe
North America
Japan
Korea
Design Wins at 28 Auto OEMsCHINA
Phasing out combustion enginesOEM scores on emissions starting 2019
FRANCE 2040 target of 100% EV Sales
UNITED KINGDOM
2040 target of 100% EV sales
INDIA 2030 target of 100% EV sales
Differentiated BMS Architecture Enables Highest ASIL Standard
8
Maxim’s 4th
Generation BMSASIL D Certified
Li-Ion Battery Module
Li-ion CellsLi-ion CellsLi-ion CellsBattery Module
Li-ion CellsLi-ion CellsLi-ion CellsBattery Module
Li-ion CellsLi-ion CellsLi-ion CellsBattery Module
BMS
BMS
BMS
Proprietary Interface
Isolation
. . .
Master Controller
Pack Switch
Pack Switch+
-
. . .
Maxim Has Solutions for Every EV Category
9
0
2
4
6
8
10
12
14
2016 2017 2018 2019 2020 2021 2022
Tho
usa
nd
s
Full Hybrid
Battery Electric (Car)
Plug in Hybrid
Electrified Vehicle Production Per Year [Mu]
>20%CAGR
Source: Strategy Analytics, Maxim Integrated
Battery Electric (Bus)
Battery Pack Capacity
Maxim’s BMS Content
Opportunity
Full Hybrid 1 – 2 kWh $10 – $20
Plug-in Hybrid 3 – 10 kWh $20 – $30
Battery Electric (Car) 40 – 100 kWh $30 – $50
Battery Electric (Bus) 150+ kWh $80 – $120
Enabling ADAS With GMSL and Power Management
10
Automotive-Grade Quality and Safety
Low Latency VideoHigh Speed DataFuture Scalability
Small SizeEfficient
Clean, Reliable Power
Gigabit Multimedia Serial Link Power Management
ADAS ECUs to More Than Double by 2022
11
2017F 2022F
169MADAS ECUs
354MADAS ECUs
Level 2 ADAS is key demand driver for Maxim’s
High-Speed Serial Link and Power Management products
Lane Departure
Adaptive Lighting
Collision Warning
Parking
E-Call/On Star
Source: Strategy Analytics
ADAS Sensor Count Increases With Each Level of Autonomy
12
Level 2 Level 3 Level 4/5
13+
7+
28+
Autonomous Driving Domain Controller
Short- and Long-Range Radar Sensors
Lidar, Exterior Camera and Interior Camera Sensors
Source: IHS
Number of ADAS sensors per car
Cars Becoming “Data Centers on Wheels”
13
2017 2022F
4X Data Transmission Rates*
~80Gb/s
~20Gb/s
Source: Maxim Integrated*Data Transmission Rates based on estimated Serial Link Data Rate multiplied by number of links in a premium car
Data Link TypePremium Car
in 2017Premium Car
in 2022
ADAS Links
Surround view system ✓ ✓
Front facing camera system ✓ ✓
Mirror replacement system ✓
In-cabin monitoring system ✓
Driver monitoring system ✓
Adaptive front lamp system ✓
RADAR ✓
LiDAR ✓
Infotainment Links
Central Information Display ✓ ✓
Instrument Cluster ✓ ✓
Head-Up Display ✓ ✓
Consumer Box to Head Unit ✓ ✓
Rear Seat Entertainment ✓
Passenger Information Display ✓
Sensor
Display
Camera
CAN Bus AutomotiveEthernet
1st Gen SerialLink
1st Gen SerialLink
2nd Gen SerialLink
Future GenSerial Link
Uncompressed, Low Latency HD Video Requires Serial Link
14
0
100
200
300
2017 2018 2019 2020 2021 2022
Analog
Serial Link: 3 to 6Gb/s Uncompressed Video
Ethernet: 100Mb/s Compressed Video
Source: Strategy Analytics, Maxim Integrated
1Mb/s 100Mb/s1Gb/s
Highest Speed andFuture Scalability
3Gb/s
6Gb/s
Serial Link(2nd Gen Video)
>10Gb/s
CAN Bus AutoEthernet
Serial Link(Future)
Video Links [Mu]
100Mb/s1Mb/s
Serial Link(Gigabit Ethernet)
Serial Link(1st Gen Video)
Maxim Serial Link Innovation Simplifies ADAS Systems
15
Simultaneous Video and Gigabit Ethernet
Multi-Video Streaming
SoC SER
DES
DES
CID
IC
SoC
SER DES
DES
CID
IC
Video
VideoSER
Reduces Infrastructure Cost
SoC
SER VideoVideo
RGMII GbE PHY GbE
DES
GbE PHY
Video
RGMII
SoC
Simplifies Infrastructure
SER DESVideo & GbEOver GMSL
Video
RGMII
Video
RGMII
SoCSoC
ADAS Analog SAM to Double by 2022
16
2017F 2022F
$1.3B
$2.8B
Collision Warning
Parking
Lane Departure Warning
E-Call/On Star
Source: Strategy Analytics
CONSOLE DISPLAY
TOUCH/ BUTTONS
INPUT PROTECTOR
CAMERA INTEGRATOR
LOADSWITCH
IMAGING AND CONTROL SoC
DRAM TEMP SENSE
SUPERVISOR
OSCILLATOR
ADAS CONTROL UNIT
CAN CAN
SEQUENCER
PMICMEMORY POWER
LV STEP-DOWN DC-DC
STEP-UPDC-DC
LDO
POWER RAILS
BRAKES
STEERING
ALERTS
V/I PROTECTION
DISPLAY SERIALIZER
HV STEP-DOWNDC-DC
BATTERY
CAMERA ECU (x4)
COLLISION AVOIDANCE RADAR ECU (x2)
PARKING ASSIST/BLINDSPOT ECU (x4)
VIDEO
IMAGE CAPTURE
VIDEO SoC
LDOSTEP-DOWN
DC-DCCAMERA
SERIALIZER
LDOSTEP-DOWN
DC-DCSUPERVISOR
SoC CAN
ADC
RADARFRONT END
ICOSCILLATOR
ULTRASONIC MODULE
CAN
LDOSTEP-DOWN
DC-DC
…
… Maxim Power Management IC Opportunity
Other Maxim IC Opportunity
Integration Delivers Power Performance for ADAS
17
MAX20006
~4x Power Density▪ 15W to 30W▪ 50% smaller footprint
Lowest Standby Power
3rd Generation PMIC 4th Generation PMIC
Advanced Process Enables Next Generation Auto PMICs
18
450nm Design Rule 90nm Design Rule
Smaller FootprintLower Power Loss
Safety and Quality with Volume Production Experience
19
Source: Maxim Integrated
~2 Billion High Volume Automotive IC Shipments
from 2010
70% Improvement inDefect Rate
0
1000
2000
3000
4000
5000
6000
7000
0.0
0.5
1.0
1.5
2.0
2010 2011 2012 2013 2014 2015 2016 2017 2018F
Axis Title
Cumulative Automotive Units Shipped Since 2010
Defect Rate Trend
Shipped Units [B]
Parts Per Billion Defect Level
Parts Per Million Defect Level
Defect Rate [ppb]
Maxim Content Opportunity in Premium Car
20
CY2017 CY2022F
Infotainment & Body Electronics
$50 – $70 $80 – $100
ADAS $15 – $30 $40 – $60
Maxim’s Content Opportunity in a Premium Car
$65 – $100 $120 – $160
Source: Maxim Integrated
Battery Pack Capacity
Maxim’s BMS Content Opportunity
Full Hybrid 1 – 2 kWh $10 – $20
Plug-in Hybrid 3 – 10 kWh $20 – $30
Battery Electric (Car) 40 – 100 kWh $30 – $50
Battery Electric (Bus) 150+ kWh $80 – $120
Maxim’s BMS Content in an EV Car
$10 – $120
+
Key Takeaways
21
EV Units to Triple, ADAS ECUs to Double in Next 5 Years 1
Serial Link Enables High-Speed Data & Video for ADAS 3
Integrated Power Management Drives Higher Performance, Safety and Reliability 4
BMS Design Wins Position Maxim in EV Inflection2