MONOLITHIC POWER SYSTEMS, INC. MPS Management
May 24, 2024
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)
YoY | MPS | SIA |
Growth | ||
2018 | 21.2% | 10.8% |
2019 | 7.8% | -8.2% |
2020 | 34.5% | 2.6% |
2021 | 43.0% | 33.1% |
2022 | 48.6% | 20.8% |
2023 | 1.5% | -8.9% |
2009 +13%
Above Market
Industry Downturn
MPS Above Market
2019 +16%
Above Market
2012 +16%
Above Market
2023 +10% | * |
Above Market | |
* Wall Street analysts' average revenue
2
2011 MPS
Transformation
29.2% MPS 3 Yr CAGR
Great Revenue Diversification by GEO
37% | 11% | 35% |
6%
11%
3
Diverse End Markets
% of Revenue | 2010 | 2020 | 2023 | 24Q1 | 2019-2023 |
CAGR | |||||
Enterprise Data | - | 8.6% | 17.7% | 32.7% | 61.1% |
Storage and | 10.4% | 21.4% | 27.0% | 23.2% | 36.5% |
Computing | |||||
Automotive | 1.9% | 12.9% | 21.7% | 19.0% | 44.6% |
Communications | 17.8% | 16.9% | 11.3% | 10.2% |
24.7%
Consumer | 65.1% | 26.1% | 12.9% | 8.3% |
9.3%
Industrial / Other | 4.8% | 14.2% | 9.4% | 6.6% |
14.8%
Total | 100% | 100% | 100% | 100% |
30.5%
4
Growth Drivers by End Market
Computing
Accelerators
Artificial
Intelligence
Cloud Based
Data Center
Automotive
ADAS
BMS /
Traction
Inverters
Digital
Cockpit
Industrial
Smart
Meters
Factory &
Building
Automation
Robotics
Infrastructure
5G and Wireless
Base
Stations
Networking
Consumer
AI at the
Edge
Home
Appliances
Gaming
Storage | Lighting | |
Portable | Body | |
Control | ||
Healthcare
Security
Optical
Augmented Reality
Audio
5 5Confidential - Subject to Confidentiality Agreement / NDA
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-CapacitorBleeders
Display Backlighting Power
- Backlight Drivers
- Electroluminescent Drivers
- Photo Flash Drivers
- LCD Power Supplies
AI & Computing Power
- CPU & GPU Core Power
- High-CurrentDrMOS
- 70A DrMOS 4mmx5mm Package
- 25A POL Module 5mmx6mm Package
- 60V Intermediate Bus Converter Modules
- Z-AxisPower Delivery Multiphase Modules
DC/DC Power Conversion
- Step-Up(Boost)
- Step-Down(Buck)
- Buck-Boost
- PMICs
- Power over Ethernet (PoE)
- Power-SourcingEquipment (PSE) o Powered Devices
E-Fuse, USB & Load Switches
- Configurable Current Limit, Up to 50A per Device
- Adjustable Slew Rate
- Reverse Current Blocking
- Output Discharge (Load Switch)
- Integrated Auto-Detection
- Pin-to-PinCompatible
- Parallelable Up to 10 Devices
- Digital Interface Command and Control
- USB Type-C and USB PD
Motor Drivers, Position & Current Sensors
- Brushless DC Motor Drivers
- Stepper Motor Drivers
- Brushed DC Motor/Solenoid Drivers
- Half-Bridge/Full-Bridge/Three-PhasePower Stages
- Magnetic Angular and 3D Position Sensors
- Isolated, Integrated Current Sensors, 5A to 400A
Automotive (AEC-Q100) & Industrial
- DC/DC
- LED Lighting
- Power Modules
- Motor Drivers
- Angular Position and 3D Position Sensors
- USB Charging
- Wireless Charging
- Display Backlighting
- Precision Analog
- ADAS Core Power
- Supervisors
- Load Switches
- Isolated, Integrated Current Sensors, 5A to 400A
- Class-DAudio
- E-Fuses,High-Side Switches
Class-D Audio
- Digital Controllers and Processors
- Analog Input Class-D Amplifiers
- PWM Input Power Stages
- Digital Signal Processors
Isolated Solutions
- Isolated Gate Drivers
- Isolated Power Modules
- Digital Isolator with Integrated Power
- Digital Isolators
- Integrated Current Sensors, 5A to 400A
- Totem-PolePFC/LLC Controllers
Power Modules
- 6V, 600mA to 100A
- 16V, 600mA to 1000A+
- 36V, 600mA to 24A
- 55V, 1A to 3A
- 80V, 600mA
LED Lighting & Illumination
- TRIAC-DimmableAC/DC LED Controllers
- PWM and Analog Dimmable AC/DC LED Controllers
- DC/DC LED Controllers: Buck, Boost, Buck-Boost
- LED Protection ICs
- IR LED Drivers
Precision Analog
• | Analog-to-Digital Converters |
• | Analog Switches |
Power Magnetics | Battery Management | ||
• | Molded Inductors | • | Battery Monitors & Protectors |
• | Semi-Shielded Inductors | • | Fuel Gauges |
• | Active Balancers | ||
6 6 | • Switching Chargers: Buck, Boost, Buck-Boost | ||
• | Linear Chargers |
• Current-Sense Amplifiers | |
• | Operational Amplifiers |
• | Voltage Reference |
Confidential - Subject to Confidentiality
Agreement / NDA
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 | '19-23 | YEAR |
7 | Note 1: SAM. |
SAM Expansion
Market | 2015 SAM | 2018 SAM | 2023 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
HQ - Kirkland, WA USA | San Jose, CA USA | Livonia, MI USA | Enschede, Netherlands | Ettenheim, Germany | Chengdu, China |
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Disclaimer
MPS - Monolithic Power Systems Inc. published this content on 24 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2024 18:55:09 UTC.
