Fastly, Inc. (NYSE:FSLY) KeyBanc Technology Leadership Forum 2023 August 7, 2023 4:30 PM ET Company Participants Vernon Essi - IR Ron Kisling - CFO Conference Call Participants Tom Blakey - KeyBanc Capital Markets Tom Blakey My name is Tom Blakey. For those who don't know, I'm the Infrastructure Technology and Software Analyst here at KeyBanc. And I'm grateful to have the CFO here, Ron Kisling; and the Head of Investor Relations, Vernon Essi. Just kicking it right off, you guys had a great quarter. Stock ac ...

Call Start: 11:00 January 1, 0000 11:26 AM ET Micron Technology, Inc. (NASDAQ:MU) KeyBanc Technology Leadership Forum Conference Call August 7, 2023 11:00 ET Company Participants Samir Patodia - Investor Relations Mark Murphy - Executive Vice President & Chief Financial Officer Conference Call Participants John Vinh - KeyBanc Capital Markets John Vinh Well, good morning, everybody. My name is John Vinh. I cover semis here at KeyBanc Capital Markets and we are pleased to have Mark Murphy, CFO; and Samir Pato ...

ON Semiconductor Corporation Conference Call Summary Company Overview - **Company**: ON Semiconductor Corporation (NASDAQ:ON) - **Date**: August 7, 2023 - **Participants**: Thad Trent (CFO), Simon Keeton (EVP, GM of Power Solutions Group) Industry Insights - **Industry**: Semiconductor, specifically focusing on automotive and industrial sectors Key Points and Arguments Auto and Industrial Business Performance - The auto industry is forecasted to grow about 5% in 2023 and 1.5% in 2024, while EV growth is projected at a 35% CAGR over the next several years [6][2] - ON Semiconductor is over-indexed in EVs and advanced driver-assistance systems (ADAS), with $50 content in internal combustion vehicles and $750 in EVs, indicating a significant growth opportunity [3][4] - Alternative energy sectors within industrial applications grew by 70% year-over-year [3] Inventory and Demand Management - Aggregate inventories are at all-time highs, but ON Semiconductor does not perceive large pockets of excess inventory [2][3] - The company has been managing internal and channel inventory tightly, maintaining utilization rates around 70% [7][8] Long-Term Supply Agreements (LTSA) - The company added $4 billion in long-term agreements last quarter, totaling $11 billion in LTSAs, with an average duration of about five years [4][10] - These agreements provide visibility into order patterns and help in the development of next-generation products [10] Silicon Carbide Market Position - ON Semiconductor is gaining market share in silicon carbide due to superior performance, integrated supply chain, and a comprehensive product offering [12][13] - The company expects silicon carbide gross margins to reach corporate averages by the end of 2023, with significant growth anticipated in the coming years [28] Image Sensor Business Growth - The image sensor business is experiencing growth due to increased sensor adoption in vehicles, with ON Semiconductor holding over 70% market share in ADAS globally [19][20] - The company has restructured its sensor business to focus on automotive (90%) and industrial (10%) applications, moving away from consumer devices [20] Medical Sector Opportunities - The medical segment is emerging, with a projected growth rate of 20% per year, driven by applications like continuous glucose monitoring and hearing aids [26] Non-Core Business Exits - The company is exiting a highly volatile, price-sensitive business, with a gross margin in the low to mid-40% range. It has exited $100 million so far and plans to exit an additional $350 million to $400 million by year-end [21][23] Fab Strategy and Production Capacity - ON Semiconductor has divested four fabs and acquired the East Fishkill fab, maintaining a strategy to manufacture about 65% of its products internally [34] - The transition to 8-inch wafers is ongoing, with production expected to ramp up in 2025, providing cost benefits due to increased wafer output [30][31] Geopolitical and Supply Chain Considerations - The company is cautious about sourcing substrates from China due to quality concerns and geopolitical risks, with over 50% of substrates expected to come from internal sources by year-end [16][17] AI Market Potential - There are opportunities for ON Semiconductor to benefit from AI developments, particularly in power efficiency for AI servers [46][47] Additional Important Insights - The company is focused on optimizing its fab operations and addressing cost structure challenges at the East Fishkill fab, with expectations to resolve these issues by the end of 2024 [38][39] - The management emphasizes a cautious approach to scaling production and ensuring quality while navigating market uncertainties [8][36]

Arista Networks, Inc. (NYSE:ANET) KeyBanc Technology Leadership Forum August 8, 2023 1:00 PM ET Company Participants John McCool - EVP of Engineering and Operations, Chief Platform Officer Liz Stine - Investor Relations Conference Call Participants Tom Blakey - Keybanc Capital Markets Tom Blakey Well, thank you everybody for joining us. My name is Tom Blakey, Infrastructure, Technology, and Software Analyst here at KeyBanc. And we're grateful to have John McCool here from Arista. He is the EVP of Engineerin ...

American Tower Corporation (NYSE:AMT) KeyBanc Capital Markets Technology Leadership Forum August 7, 2023 ET Company Participants Ed Knapp - SVP, Chief Technology Officer Conference Call Participants Brandon Nispel - KeyBanc Capital Markets Brandon Nispel All right. Good morning, everybody. My name is Brandon Nispel, I cover Communications Service for KeyBanc. This presentation is 25 minute fireside chat. With us today we have American Tower CTO, Ed Knapp. Ed, thanks for being here. Ed Knapp Thanks, Brandon. ...

Sage Therapeutics, Inc. (NASDAQ:SAGE) Business Update Call August 8, 2023 8:00 PM ET Company Participants Ashley Kaplowitz - Investor Relations Barry Greene - Chief Executive Officer Laura Gault - Chief Medical Officer Chris Benecchi - Chief Business Officer Kimi Iguchi - Chief Financial Officer Conference Call Participants Salveen Richter - Goldman Sachs Ritu Baral - TD Cowen Paul Matteis - Stifel Yasmeen Rahimi - Piper Sandler Anupam Rama - JPMorgan Tazeen Ahmad - Bank of America Brian Abrahams - RBC Capi ...

Summary of Coca-Cola Europacific Partners PLC H1 2023 Earnings Conference Call Company Overview - **Company**: Coca-Cola Europacific Partners PLC (NASDAQ: CCEP) - **Date of Call**: August 2, 2023 - **Participants**: CEO Damian Gammell, CFO Nik Jhangiani, and various analysts from investment firms Key Points Financial Performance - **Revenue**: Total revenue reached €9 billion, an increase of 10.5% compared to the previous year [15] - **Operating Profit**: Comparable operating profit was €1.2 billion, up 13% [15] - **Earnings Per Share**: Comparable diluted earnings per share increased by 17% to €1.85 [15] - **Free Cash Flow**: Generated €850 million in free cash flow during the first half [16] - **Dividend**: Declared a first half interim dividend of €0.67 per share [16] Market Dynamics - **Volume Growth**: Overall reported volume increased by 1%, with strong performance in Europe (4% growth in away-from-home channel) [17] - **Pricing Strategy**: Revenue per unit case grew by 10%, driven by effective pricing strategies and promotional optimization [18] - **Geographic Performance**: Strong growth in Europe and Australia/New Zealand, while Indonesia faced a 5.5% volume decline due to SKU rationalization [17][18] Strategic Initiatives - **Acquisition**: Proposed acquisition of Coca-Cola Beverages Philippines for an enterprise value of approximately $1.8 billion, expected to enhance geographic footprint and market presence [25][33] - **Sustainability Focus**: Continued commitment to sustainability, including the use of 100% recycled PET bottles in Indonesia and clear bottles for Sprite [11][12] - **Innovation**: Ongoing investment in product innovation, particularly in low and no-calorie beverages and energy drinks [9] Future Guidance - **Revenue Growth**: Upgraded full-year revenue growth guidance to 8%-9%, up from 6%-8% [19] - **Operating Profit Growth**: Expected operating profit growth of 12%-13%, an increase from previous guidance of 6%-7% [23] - **Cost of Goods Sold**: Anticipated increase of around 8% in COGS per unit case, with commodity inflation expected to be around 8% [21][22] Market Opportunities - **Philippines Market**: The NARTD category in the Philippines is valued at around $8 billion, with a growth rate of approximately 10% per annum, presenting significant opportunities for CCEP [27][28] - **Consumer Trends**: Increasing consumer interest in low and no-sugar options, energy drinks, and alcoholic ready-to-drink products [27] Operational Insights - **Employee Engagement**: High employee engagement scores and commitment to diversity and inclusion initiatives [6] - **Supply Chain Investments**: Investments in state-of-the-art production lines and digital capabilities to enhance operational efficiency [7] Risks and Considerations - **Inflationary Pressures**: Ongoing inflation affecting margins, with a focus on maintaining affordability for consumers [20][52] - **Market Volatility**: The dynamic external environment requires continuous adaptation to consumer needs and preferences [21] Conclusion Coca-Cola Europacific Partners PLC demonstrated strong financial performance in H1 2023, with significant revenue and profit growth. The proposed acquisition of Coca-Cola Beverages Philippines is expected to enhance market presence and drive future growth. The company remains focused on sustainability, innovation, and operational efficiency while navigating inflationary pressures and market dynamics.

Dell Technologies Inc. (NYSE:DELL) Corporate Sustainability Investor Call July 27, 2023 4:00 PM ET Company Participants Hall Butler - Senior Director, Investor Relations Cassandra Garber - Vice President of Corporate Sustainability and ESG Alyson Freeman - Sustainability Product Manager, Infrastructure Solutions Group Conference Call Participants Hall Butler Hello, everyone. And thank you for joining us today. Welcome to our Fourth Annual Investor Call Covering Dell Technologies Corporate Sustainability. I' ...

Unilever PLC (NYSE:UL) H1 2023 Earnings Conference Call July 25, 2023 3:00 AM ET Company Participants Richard Williams - Head of Investor Relations Hein Schumacher - Chief Executive Officer Graeme Pitkethly - Chief Financial Officer Conference Call Participants Olivier Nicolai - Goldman Sachs Rashad Kawan - Morgan Stanley Jeff Stent - Exane Warren Ackerman - Barclays Celine Pannuti - JPMorgan Guillaume Delmas - UBS Tom Sykes - Deutsche Bank Alicia Forry - Investec Operator Hello and welcome to Unilever's Ha ...

The Charles Schwab Corporation (NYSE:SCHW) 2023 Summer Business Update Conference Call July 18, 2023 8:30 AM ET Company Participants Jeff Edwards - MD, IR Walt Bettinger - Co-Chairman and CEO Rick Wurster - President Peter Crawford - CFO Conference Call Participants Ken Worthington - JP Morgan Dan Fannon - Jefferies Brian Bedell - Deutsche Bank Michael Anagnostakis - Wolfe Research Michael Cyprys - Morgan Stanley Alexander Blostein - Goldman Sachs Brennan Hawken - UBS Benjamin Budish - Barclays Christopher ...