2013 3 BDavidson Roth Final

7/28/2019 2013 3 BDavidson Roth Final

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Safe Harbor and corporate structureIn addition to the historical information contained herein, this presentation contains forward-looking statementssubject to risks and uncertainties, including but not limited to statements regarding our our fiscal 2013 outlook, iEPS targets; continued adoption of smartphones and connected devices; forecasted smartphone shipments and growth in emerging regions; 3G/LTE adoption; increased device capabilities; 3G/4G device average selling pricesreplacement rates; key initiatives for the Companys growth; expanding areas for smartphone innovation; new mogrowth opportunities; mobile data traffic growth; and growth in small cell deployment. Forward-looking statemenidentified by words such as estimates, guidance and similar expressions. Actual results may differ materially fin the forward-looking statements due to a number of important factors, including but not limited to risks associacommercial deployment of our technologies and our customers and licensees sales of equipment, products andthese technologies; competition; our dependence on a small number of customers and licensees; attacks on our model; our dependence on third-party suppliers; the enforcement and protection of our intellectual property righparties that we infringe their intellectual property; global economic conditions that impact the communications ipotential impact on demand for our products and our customers and licensees products; our stock price and eastrategic transactions and investments; foreign currency fluctuations; and failures, defects or errors in our produ

the products of our customers and licensees. These and other risks are set forth in our most recent Form 10-K anwith the SEC, copies of which are available on our website at www.qualcomm.com. We undertake no obligation tolooking statements.

Throughout todays presentations we refer to Qualcomm for ease of reference. However, please note that in corecent reorganization, Qualcomm Incorporated continues to operate QTL and own the vast majority of our patenQualcomm Technologies, Inc., its wholly-owned subsidiary, now operates, along with its subsidiaries, substantialland services businesses, including QCT, and substantially all of our research and development functions.


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Qualcomms unique business modelA technology enabler for the entire mobile value chain

SUBSCRIBWIRELESS

ECOSYSTEM


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Qualcomm: a communications systems companyInnovation across entire wireless value chain

StandardizationInnovative technologies Productization

Comm


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$0.025$0.035

$0.05$0.07

$0.09

$0.12$0.14

$0.16$0.17

$0.19

$0.215

Feb '03 Jul '03 Mar '04 Jul '04 Mar '05 Mar '06 Mar '07 Mar '08 Mar '09 Mar '10 Mar'11

Quarterly dividend increased by 40%Record $1.40 per share annualized payout

40%Increase, Board

Approved*

Quarterly

dividendpershare**

Note: The Company effected a two-for-one stock split in August 2004. All references to per share data have b een adjusted to reflect the stock split.

*As of March 5, 2013

**Based on announcement d ate of increase


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FY'03 FY'04 FY'05 FY'06 FY'07 FY'08 FY'09 FY'10 FY'11 FY'12 FY'13 YTD**

Cumulative return of capital to stockholdersNew $5 billion stock repurchase program*

$19.9B**Returned to stockholders

*Announced March 5, 2013

**As of Dec ember 30, 2012


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Continued adoption of smartphones

Growth of 3G in emerging regions

QCT:

Technology leadership

Roadmap breadth and depth

New computing and connectivity opportuni

QTL: Industry-leading licensing program

Double-digit revenue and EPS CAGR tar

over the next five years*

~27% pre-revenue R&D**

Fiscal 2013Outlook

*Estimates as of November 15, 2012 for the five year period from FY12 -FY17

**Estimates as of November 15, 2012


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$194 $192$205 $215 $214 $214 $219 $205

$186

$-

$100

$200

$300

$400

$500

'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10

3G/4G estimated wholesale device midpoint ASP tren

Learning curves

9713 est. 85%

9913 est. 96%

0713 est. 99%

Fiscal years

*Guidance as of November 7, 2012.

(1) and (2) See notes i ncluded at the end of the presentation.

Voice

Transition to data

Ramp in WCDMA and EV-DO

Significant growth in emerging

regions

DOrA, HSPA+

Increased device

capabilities

2G to 3G migration

Gro

con

3G

Inc

me

Voice/data transition Voice & enhanced data

Voice-centric devices

Growth in CDMA 2000

Focus on developed

regions


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3G/4G estimated wholesale device average selling priQualcomms long-term plan* is based upon an average annual low single-digit %

device average selling price

Multi-year

Developed device ASP

Multi-year

Emerging device ASP

Smartphone capabilities

Smartphone penetration

Feature phones in declin

Competition

Emerging regions growi

than developed regions

Upward pressure on 20

ASP as mix shifts from d

Handset ASPs

Non-handset ASPs

*As of November 15, 2012(1) and (2) See notes included at the end of the presentation.


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Key initiatives for sustained, long-term growthQualcomm innovations underpin industry dynamics

Drive smartphonegrowth and innovation

Create newmobile computingopportunities

Solve the 1000xdata challenge

Enable growthin emerging regions


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Our most important deviceImmediacy, portability, connectedness

Source: Google/Sterling Brands/Ipsos Multi-Screen Research, Aug. 12

1/3+of daily media interactions occuron a smartphone

~1/2of smartphonewhile watching

4/5of all searches on a smartphoneare spontaneous, compared to52% on PC


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2011 2012 2013 2014 2015

Annual forecasted smartphone unit shipments

24

2

Continued smartphone momentumDisplacing feature phones

Cumulative smartphone unit salesforecast between 20122016 ~5B

Source: Average of Gartner, Oct. 12; Strategy Analytics, Aug. 12


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Expanding areas for smartphone innovation

GPU

CPU

DSP/Multimedia


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GPU

Expanding areas for smartphone innovation

2MB L2 (8064 only)

aSMPCustom kraitWeb Tech innovationsHigh p erformance floating pointCustom system interconnect

FlexRenderTM technologyGPGPU compute for imaging/video(Renderscript, OpenCL, LLVM)Unified shader architectureLow po wer innovationsStereoscopic rendering

Accelerated WebGLProfiling tools

21 MPix20x digital zoomZero shutter lagUltrasound7.1 surrou nd playback5.1 surrou nd camcorder

Stereo 3D video1080p HD videoBrowser with HTML5 and 1080p flashComputational cameraNoise cancellation

Coexistence wiV

AdvaPow

Coexisten

CContent adFrame buf f

CPU

DSP/Multimedia


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Qualcomm Snapdragon processor leadership

*Includes Qualcomm reference designSource: Qualcomm data

85+manufacturers shipping 550+designs in de770+devices announced*


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Snapdragon Processors

Snapdragon 800

Premium smartphones, SmartTVs, digital media adaptersand tablets.

Snapdragon 600

Mid-high tier smartphonesand tablets.

Snapdragon 400

High volume smartphonesand tablets.

Sn

Entry


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Mobile is redefining computing

High resolution screens

Responsive devices

Fast, always-on connectivity

Rich multimedia experience

High performance computing Without compro


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New mobile computing growth opportunitiesTablets to lead growth of new generation of mobile computing devices

41%CAGR (2011

Tablets: Average of Gartner, Dec. 12; Strategy Analytics, Jan. 12;


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3G/4G growth in emerging regions

2.7B2011 2016

3G/4G Connections

0.8B

Source: Wireless Intelligence, Nov. 12

+2Expected gro


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Qualcomm reference designsAccelerating global growth of 3G smartphones

Source: Qualcomm data

170+devices launched

13countries

40+OEMs


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~2xfrom 20102011*

Mobile data traffic growth

Network efficiency Small cells More spectru

Source: Cisco, Feb 11

Global data traffic growth

1000xdata traffic growth

Preparing for


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Qualcomm LTE leadership and scale

Source: Qualcomm data

700+LTE OEM devices based onQualcomm LTE chips:

300+ OEM LTE devicesaccepted by carriers

400+ more OEM LTEdesigns in the pipeline


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Connectivity Wi-Fi BT GPS

The unique Qualcomm advantageHiding the complexity underneath the most seamless mobile connectivity

22 33 35 36 37 3839 40 41 42 43846 9 34

7 138

19

2021

23 24

25

Radio Frequency Bands

GERAN CDMA 1x UMTS TD-SCDMA EV-DO

LTE2G/3G

System Selection

Blind Redirection

Redirection w/ Measurements

Reselection

PS Handover

CS Fallback

CSFB w/ SI Tunneling

Single Radio VCC

Handover Techniques (Multiple Can Apply in Each Case) Handover Combinations (Hypothetical Exa


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Qualcomm RF360 Front End SolutionThe First Truly Global Solution for 4G LTE Devices

Single SKU

Power

Performance

Size

Time to market

Advantages


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Demand driving extreme densification


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Small cells everywhereLow cost, small size and ease of deployment

3G4G

Wi-Fi


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Internet of everythingEverything around us is becoming intelligent & connected

Health &

fitness

Automotive


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Digital 6th sense


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Key initiatives for sustained, long-term growthQualcomm innovations underpin industry dynamics

Drive smartphonegrowth and innovation

Create newmobile computingopportunities

Solve the 1000xdata challenge

Technology leadership and financial streng

Enable growthin emerging regions


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Footnotes

1. Total reported device sales is the sum of all reported sales in U.S. dollars (as reported to us by our licensees) of all licensed CDMA-ba

multimode CDMA/OFDMA subscriber devices (including handsets, modules, modem cards and other subscriber devices) by our licen

period (collectively, 3G/4G devices). The reported quarterly estimated ranges of ASPs and unit shipments are determined bas ed on

to us by our licensees during the relevant period and our own estimates of the selling prices and unit shipments for licensees that doinformation. Not all licensees report sales, selling prices and/or unit shipments the same way (e.g., some licensees report selling price

deductions, such as transportation, insurance and packing costs, while other licensees report selling prices and then identify the amo

in their reports), and the way in which licensees report such information may change from time to time. Total reported device sales, e

estimated ASPs for a particular period may include prior period activity that was not reported by the licensee until such particular pe

2. The midpoints of the estimated ranges are identified for comparison purposes only and do not indicate a higher degree of confidenc


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For more information on Qualcomm, visit us at:www.qualcomm.com & www.qualcomm.com/blog

Qualcomm is a trademark of Qualcomm Incorporated , registered in the United States and other countries.

Other products and brand names may be trademarks or registered trademarks of their respective owners

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2013 3 BDavidson Roth Final

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