Power Integrations (POWI) Investor Presentation - Slideshow

Company Overview and Technology - Power Integrations is a technology leader in ICs for energy-efficient AC-DC power supplies, LED lighting, renewable energy, and motor drivers[6] - The company's technology focuses on integrating systems and semiconductor know-how to create ultra-simple, highly energy-efficient power converters with fewer components and shorter design cycles[9] - Gallium-nitride (GaN) technology expands dollar content and increases efficiency[10] - InnoSwitch™ technology integrates primary and secondary sides of power supply across safety barrier, reducing component count and complexity[17] Market and Growth Drivers - The company addresses a total addressable market (SAM) of over $4 billion[25] - Long-term secular growth drivers include the transition to integrated power supplies, reduced carbon emissions, GaN technology, and expanding high-voltage market opportunities[10] - EcoSmart™ technology saves the equivalent of about 1.9 million homes' electricity usage each year by reducing standby consumption in electronics and appliances[10] - The company's products have saved over 6.5 million tons of CO2 emissions[73] Financial Performance - The company targets low-double-digit revenue growth and grew 44% in 2021[51] - The company achieved a non-GAAP gross margin of 52% and a non-GAAP operating margin of 31% in 2021[51] - The company has a strong balance sheet with $444 million in cash and investments as of March 31, 2022[63] - The dividend increased 20% to $0.18 in Q1 2022[63]