Microchip Technology(MCHP) - 2023 Q4 - Earnings Call Presentation

Shares Repurchased ~$1.4 Billion ‒ Actively reducing debt after increasing leverage for M&A ‒ 19 consecutive quarters of debt paydown ‒ Current leverage ratio of 1.45x ‒ 83 consecutive quarters of dividends paid ‒ Growing meaningfully every quarter ‒ Active formulaic $4B share buyback program ‒ Total cash return in FY2023 of $1.6 billion, representing 76.6% year-over-year growth ACCELERATING CASH RETURNS; TARGETING 100% OF FREE CASH FLOW IN ~7 QUARTERS *Adj. FCF is defined as cash flow from operations less ...