Maxim Factory Automation Business Update · Factory Automation is the Largest Market Within...
Transcript of Maxim Factory Automation Business Update · Factory Automation is the Largest Market Within...
Maxim’s Factory Automation Business UpdateSui Shieh, General Manager, Industrial & Health Care
June 1, 2018
Safe Harbor
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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.
Industrial Has Led Total Analog Growth
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13
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2012 2013 2014 2015 2016 2017
Analog Industrial TAM [$B]
Calendar YearSource: WSTS
11%5-YEAR CAGR
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Factory Automation is the Largest Market Within Industrial
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Factory Automation
Building & Home
Power & Energy
Medical
Test, Security,
Video
Other
2017 Industrial Analog TAM: $13.5B
Source: WSTS, IHS, Maxim
$3.6B
China’s “Industrial Upgrade” is a Secular Tailwind
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Source: Deutsche Bank
Numerical Control Ratio, i.e. % of machine tools automated
0%
25%
50%
75%
100%
1970 2005 2040
Japan
China
1991 2040
1976 2015
Factory Automation is a Key Revenue Driver for Maxim
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$245$260
$305
CY 2015 CY 2016 CY 2017
Factory Automation Revenue [$M]
Industrial Automation Markets of InterestControllers | Sensors | Robots
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INDUSTRIAL CONTROLLERS
INDUSTRIAL SENSORS INDUSTRIAL ROBOTS
14MUnits, 2017
10%5-year CAGR
91MUnits, 2017
10%5-year CAGR
350KUnits, 2017
15%5-year CAGR
Source: Semicast, International Federation of Robotics (IFR)
TEMPERATUREPRESSURE POSITIONFLOW
Modern Factory Network
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EDGE LAYER
CONTROL LAYER
SUPERVISORY LAYER
MANAGEMENT LAYER
MAXIM CONTENT
Industrial Controllers Are Getting Smaller and More Complex
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Room Size Industrial ControllersCirca 1970
Compact PLCsToday
Increasing IO Channel Density
Increasing Maxim Opportunity With Higher I/O Density
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2XInputs and
Outputs
16-chDigitalInput
8-chDigitalOutput
8-chAnalog Input
4-chAnalog Output
4-chSerial
INDUSTRIAL CONTROLLER8-ch
DigitalInput
4-chDigitalOutput
4-chAnalog Input
2-chAnalog Output
2-chSerial
Power Module & CPU
INDUSTRIAL CONTROLLERPower
Module & CPU
Key Maxim Technologies in Factory Automation
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Input/Output
Serial Transceivers
Isolation
INTERFACE
DC-DC Converters
Power Modules
Protection
INDUSTRIAL POWER
“Maxim Himalaya DC-DC converters’ 60V input and low thermal dissipation
help us consistently meet reliability and standards requirements.”
“MAX14827A dual IO-Link transceiver has been adopted by Omron. The high-performing device … utilizes IO-Link sensors to
reduce maintenance and increase uptime.”
Increasing Maxim Opportunity With Higher I/O Density
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2XContent
for Maxim
Industrial Power
Integrated Digital IO w/ diagnostics
Serial Transceivers – IO-Link, RS485
Analog Processing
Isolation
Industrial Power
Serial Transceivers
Analog Processing
Optocouplers
Discrete Digital IOs
2XInputs and
Outputs
16-chDigitalInput
8-chDigitalOutput
8-chAnalog Input
4-chAnalog Output
4-chSerial
INDUSTRIAL CONTROLLER8-ch
DigitalInput
4-chDigitalOutput
4-chAnalog Input
2-chAnalog Output
2-chSerial
Power Module & CPU
INDUSTRIAL CONTROLLERPower
Module & CPU
10%Unit CAGR
Growth
+
Maxim’s Technology Platform in High-Performance Power
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High Functional Integration Small Size High Efficiency
High-Performance Power
Maxim’s Technology Dramatically Reduces System Size
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Power solutions used In industrial systems
2.6 mm x 3 mm package
Reducing size of the power subsystem through integration
Maxim’s Technology Enables Cooler Operation
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Industrial IO Link Transceiver Example
7.5mm2
Maxim’s Technology Delivers 80% Lower Heat Dissipation
MAX148286.25mm2
FOOTPRINT THERMAL IMAGE
Competitor
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Note: Logos are the property of their respective trademark owners
Global Industrial Controller Suppliers
Industrial Sensors Are Getting Smaller and More Capable
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2009 miniTwin
Photos courtesy of SICK AG
1991 AGS1964 LVU 2001 C4000
40mm x 48mm260mm x 175mm 15mm x 32mm105mm x 90mm
Size reduced 100XHigher Resolution
Faster Response Time
New Industrial Sensors Need More Maxim Technology
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SIMPLE SENSOR INTELLIGENT, CONNECTED SENSOR
Sen
sin
g El
emen
t
Power - LDO
Analog Signal Chain
Sen
sin
g El
emen
t
Power – DC/DC & LDO
Analog Signal Chain
IO-LinkBinary Output
1.5XContent
for Maxim
10%Unit CAGR
Growth
+
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Note: Logos are the property of their respective trademark owners
Global Sensor Suppliers
Maxim’s History of Leadership in Serial Interface Standards
RS-232 ProfibusRS-485 IO-Link
MAX232Industry’s First
Integrated RS232 transceiver
MAX1485Industry’s Smallest,
Lowest PowerRS485 transceiver
MAX14770EIndustry's Highest
ESD-Protected PROFIBUS-DP
Transceiver
MAX14828Industry's Lowest-Power, Ultra-Small,
Robust IO-Link Transceiver
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IO-Link is Becoming the “USB” of Industrial Sensors
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0.2 0.4 0.71.3
2.2
3.6
5.3
8.1
0
5
10
15
2010 2017
IO-Link Installed Base [Mu]
Source: Profibus Group
INDUSTRIAL CONTROLLER
INDUSTRIALSENSORS
FIELDBUS
Robot Shipments Expected to Grow at 15% CAGR
346
694
2017E 2018F 2019F 2020F 2021F 2022F
KU
KU15% CAGR
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Source: IFR, Maxim
Analog Signal Chain
High-Speed Interfaces
Industrial Power
MAXIM TECHNOLOGY STRENGTHS
New Design Wins in Factory Automation
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Cadence of new design wins in Factory Automation:
15% CAGRCY 2012 – 2017
Key Takeaways
Industry has decades of runway in Factory Automation deployment
Annual units growing at 10%+ CAGR• ~15M Controllers
• ~100M Sensors
• ~350k Robots
Maxim content growing at leading edge:• 2X with controller complexity
• 1.5X with smarter, connected sensors
• New opportunities in industrial robots
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Empowering Design Innovation
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