NORDICVLSIASAQ2-2003PRESENTATIONSvenn-Tore.ppt

NORDIC VLSI ASAQ2 - 2003 PRESENTATIONSvenn-Tore LarsenCEO  17. July, 2003 AGENDA MAIN SHAREHOLDERS PROFIT AND LOSS ACCOUNT BALANCE SHEET QUARTERLY OPERATING INCOME AND EARNINGS AGENDA SEMICONDUCTOR MARKET SLOW GROWTH STRONG INCREASE IN BACKLOGQuarterly Operating Income, Booking And Backlog INCREASING SHARE OF STANDARD PRODUCTSRevenue Split 2001-2003 BACKLOG INCREASED SIGNIFICANTLY LAST QUARTERSummary of Financial Status Backlog increase by 14% over Q1 Backlog increase across business units Book/Bill: 1.31 Operating loss increase due to accelerated RD effort Operating expenses reduced Direct Development expenses increase due to aggressive product launches Product in backlog before release Sales of standard component lower than expected Slow Chinese market in the beginning of the quarter - SARS? Lower than expected shipment to top customers compared to Q1 AGENDA STRONG BOOKING OF NEW STANDARD PRODUCTS Standard Components Status Slower than expected sales of standard components Backlog increase by ~ 50% nRF24XX family accounts for 25% of backlog Shipped ~350 nRF2401 and nRF24E1 Evkits to targeted customer base Significantly more than with previous product launches Full production of nRF2401, nRF24E1 and nRF24E2. nRF2402 Production in July Large volumes of Evaluation Kits shipped Initial prototype series shipments supported New extensive product family for other market segments will be launched this fall Unprecedented feature set, performance, integration and solution cost Development work ended and wafer production started Working under NDA with 5 major customers for early design wins nRF24XX PICKUP EXCEEDING EXPECTATIONS IN ALL MAJOR REGIONSShipments of Eval Kits Successful distribution of nRF24XX Evalutions Kits in all Regions Easy access to key target customers through established Nordic distributors.. ..but also specially strong pickup in the US market (22 %) relative to the short presence (January) SUCCESSFUL DESIGN WI