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This presentation contains forward-looking statements as defined in section 102 of the Private Securities Litigation Reform Act of 1995. These statements are subject to risk factors associated with the semiconductor and intellectual property businesses. When used in this document, the words anticipates, may, can, believes, expects, projects, intends, likely, similar expressions and any other statements that are not historical facts, in each case as they relate to ARM, its management or its businesses and financial performance and condition are intended to identify those assertions as forward-looking statements. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a variety of variables, many of which are beyond our control. These variables could cause actual results or trends to differ materially and include, but are not limited to: failure to realize the benefits of our recent acquisitions, unforeseen liabilities arising from our recent acquisitions, price fluctuations, actual demand, the availability of software and operating systems compatible with our intellectual property, the continued demand for products including ARMs intellectual property, delays in the design process or delays in a customers project that uses ARMs technology, the success of our semiconductor partners, loss of market and industry competition, exchange and currency fluctuations, any future strategic investments or acquisitions, rapid technological change, regulatory developments, ARMs ability to negotiate, structure, monitor and enforce agreements for the determination and payment of royalties, actual or potential litigation, changes in tax laws, interest rates and access to capital markets, political, economic and financial market conditions in various countries and regions, including the commercial credit environment and uncertainties arising out of the financial market and liquidity crises, and capital expenditure requirements. ARM does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated. More information about potential factors that could affect ARMs business and financial results is included in ARMs Annual Report on Form 20-F for the fiscal year ended December 31, 2011 including (without limitation) under the captions, Risk Factors and Operating and Financial Review and Prospects, which is on file with the Securities and Exchange Commission (the SEC) and available at the SECs website at www.sec.gov.
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Agenda
Timing 10:00 10:35 10:35 11:00 11:00 11:20 11:20 11:40 11:40 12:00 12:00 12:15 12:15 12:45 12:45 13:30
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Topic Partnering for Success Simon Segars, EVP & GM Product Divisions ARMs Low Power DNA Tom Cronk, Deputy GM Processor Division Break Foundations for Leadership in Graphics Pete Hutton, GM Media Processing Division Transforming the Data Center Ian Ferguson, Director of Server Development Long-Term Growth Opportunity Tim Score, CFO Q&A Chaired by Warren East, CEO Buffet Lunch
2012
Always on, always connected
1991
1980s
1990s
2000s
*ARM estimates
ARM ARM
License
Efficient Scalable
OEM Customer
royalty
Resilient
1991
Analog baseband
$n/a
2001
Apps Processor
2.5G Baseband
$10
$10
CPU
$200
2011
$5 $2
CPU
Integrated WiFi/BT HDD
$100
$5 $5
2016
Connectivity
10
1,200 1,200
2x Cortex-A15/ Cortex-A7 4 x Mali-T658
1,000 1,000
Relative Performance
14 12 10 8 6 4 2 ARM 11 0 2008 Cortex-A8 Cortex-A8 1x Cortex-A5 Mali-300 2x Cortex-A9 2 x Mali-400 1x Cortex-A9 Mali-400 2x Cortex-A7 2 x Mali-400 4x Cortex-A9 4 x Mali-400 2x Cortex-A15 2 x Mali-T604 4x Cortex-A7 4 x Mali-400
800 800
600 600
400 400
2x Cortex-A5 2 x Mali-400
200 200
0
2009 2010 2011 2012 2013 2014
Source: Gartner Q3 2011 Forecast
11
Volume (Mu)
Camera
Cortex-M 65/45nm
Function
ARM Processor ARM Physical IP
WiFi/ Bluetooth
Cortex-M 65/45nm
Cellular Modem
Cortex-R 65/45nm
GPS
Cortex-M 65/45nm
Apps Processor
Cortex-A Cortex-A Cortex-M Mali 32 14nm
Flash Controller
Cortex-M 130nm
Power Management
Cortex-M 180nm
Touchscreen Controller
Cortex-M 90nm
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Windows 8 continues our long history of collaboration with Microsoft. This year so far Microsoft: Detailed the features of WOA on the Building Windows 8 blog, plus details on WOA for enterprise BYOD scenarios Confirmed dedication to bringing Windows RT to market as a unique part of the Windows 8 family ARM processor based devices combined with Windows RT will deliver a compelling and productive, no compromise experience for consumers and enterprises who want a PC that is designed to be: Ready and connected Thin and light Great battery life Integrated quality with consistent performance
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14
15
4G 2016
3G
Small cell
16
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SoC design has become more costly at more advanced nodes Partnerships by leading IP, EDA, foundry and fabless companies accelerates time to Increasing investments in OS, apps, content, services and security
Fab Construction Costs Rising
Leading edge costs increasing
volume for pioneers, and reduces costs for followers Functional integration is reducing BOM cost to OEM, but increasing design cost
5.0 4.0 3.0 2.0 1.0 0.0 65nm 45nm 32nm 22nm
Source: Gartner, Nov 2011
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Partners with OS and applications/games developers to ensure optimised content available for OEMs
Processor, system design, physical IP, tools and manufacturing process enables power-reduction design techniques
2-3X 5X
40-70% -
20nm progressing at leading foundries Multiple test chips already taped out,
including dual-core Cortex-A15
Production expected in 2013 ready for big.LITTLE and ARM v8-A processors
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22
23
Focus of the company has been on compute efficiency, balancing Performance, Power and Area
Instruction set architecture Processor micro-architecture System design Implementation Operating systems and software Partnership and ecosystem
consumer
25
20
Relative Performance
15
10
Current smartphones
Cortex-A8 1
26
5mm2
2009 High-end Smartphone Cortex-A8, 65 nm, 600 MHz
<0.5mm2
2013, Entry-Level Smartphone Cortex-A7, 28 nm, 1.2 GHz
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big
LITTLE
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Cortex-A7
Cortex-A15
OS
Power Management Software
Energy saved
Firmware
Shared Resources
Cortex-A15 MPCore Cortex-A7 MPCore
CPU
CPU
L2 Cache
* Dual Cortex-A15 + Dual Cortex-A7 big.LITTLE system estimate in 32/28nm compared with a dual-Cortex-A9 system estimate in 40nm
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Designing systems-on-chip for low-power Transferring data to/from external memory takes 10x more
power than moving internally ARMs smart interconnect and system components balance the demands of multiple asymmetric processors with widely differing memory requirements
control processor Comms Apps control processor Apps
Geometry Geometry processor Geometry processor Geometry Renderer processor Renderer processor Tiling Renderer Tiling Renderer Tiling Tiling
Interconnect
Video
Building the most energy efficient chips ARM partners with leading foundries to develop advanced
physical IP for desired balance of power, area, size and yield
Standard Cells
Power Management
Memories
Interface
Integrated DDR PHY Low power operating modes Architected for low power
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Cortex-M0+
at <10uA per MHz will last
15 years
on a single button cell in a typical sensor application
Cryptography Support
and also double-precision floating point support Ubiquitous connectivity and content consumption requires security leading to most transactions being encrypted Acceleration gives 10x performance improvement for authentication/encryption algorithms
Multi-core, multi-GHz ARM processors suitable for highly integrated system-on-chips reducing complexity, cost and power in data centers, networking infrastructure and computers
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33
34
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High-end & entry-level smartphones Tablets and mobile computers Digital TV and set-top-boxes
+2
+19 +11 +14 +8 +4
12 partners shipped 48m units in 2011 Expecting 25 partners to ship total of over 100m units in CY2012
60
2007
36
2008
20 18 16
1,000 1,000
Relative Performance
14 12 10 8 6 4 2 ARM 11 0 2008 Cortex-A8 Cortex-A8 1x Cortex-A5 Mali-300 2x Cortex-A9 2 x Mali-400 1x Cortex-A9 Mali-400 2x Cortex-A7 2 x Mali-400 4x Cortex-A9 4 x Mali-400 2x Cortex-A15 2 x Mali-T604 4x Cortex-A7 4 x Mali-400
800 800
600 600
400 400
2x Cortex-A5 2 x Mali-400
200 200
0
2009 2010 2011 2012 2013 2014
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Volume (Mu)
Enabling next generation use cases Combine ARM and Mali processors
Graphics
into a unified computing sub-system
2010
2011
2012
2013
Tyr
costs and TTM Multicore delivers performance scalability over multiple form factors
Mali-200
OpenGL ES 2.0 compliant
2009
40
2010
2011
2012
2013
Skrymir
Mali-T658
High end solution Maximum compute capability
Mali-T604
First Midgard architecture product Scalable to 4 cores
2012
41
2013
2014
consumer products H2 2012 Skrymir driving design wins in next generation super-smartphones and mobile computers
Full range of GPU Compute OS & programming interfaces supported Ease of programmability key to application developers being able to utilize advanced technology
System-wide power management policies to slow down or shut down components when not needed
43
44
Software Partnerships
ARM GPU roadmap
enables partner choice and flexibility on software
Partnerships in place to
enable a leadership position
45
47
48
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Appropriate for ARMs current Cortex processor technology 64-bit extends the opportunity
Mainstream Workloads
Compute Intensive
100%
Networking
Storage
Integrated:
Increasing Performance
Video coprocessors Encryption engines Multi-core Cortex-A9 or A15 V8-A for latency sensitive systems Multi-core Cortex-A9 or A15
Hadoop
Management and search of unstructured data. Scalable across many processors nodes
Same
Webserver
Platforms that serve up Web pages. Maintain data security between URLs
Same
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2008
Start dialogue with semis OEMs and S/W
2009
Invest in start-up
2010
OEMs and S/W experimenting
YTD
Future
ARM based chips developed for servers ARM based servers initially into niche applications
Identify, educate, and create relationships with enterprise S/W cos Invest in the s/w components not covered by existing ecosystem Reuse our existing ecosystem to expand our software reach
2008
Start dialogue with semis OEMs and S/W
2009
Invest in start-up
2010
OEMs and S/W experimenting
2011
YTD
ARM based server chips demonstrated
Future
ARM based server shipments
Commercial grade server Linux Performance optimized Java compiler, including offline data analytics
Prototype ARM Powered hardware demonstrated running server Linux OEMs expected to ship first ARM based server products H2 2012
53
54
Opportunity for ~4 ARM Powered SoCs per server system First ARM 32-bit servers ship in H2 2012 First ARM 64-bit servers ship in 2014 20% server market addressable by ARM in 2015 ASP range from $50-200 (one size does not fit all)
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Overview
Installed license base drives todays royalties Impact of incremental licensing on future royalties Assessing future market share gains Increasing royalty percentage per chip Decreasing effective tax rate Summary of long-term financial opportunity
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~140 Licenses
2011
$350m $300m $250m
Processor Licenses
+87 +61 +62 +66
+121
+91
~870
2006
2007
$0m 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
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2011Share Shipments
>95% 20% 100% 80% 70% 80% 40% 30% 65% 90% 7% 10% 15% 6%
Public ARM design wins, but not yet shipping No ARM design win or not yet public 9 companies re-equipped
2011
Q1 2012
Based on current market shares and ARMs view of how these markets may develop. ARM will update the chart on the left only as design wins become public
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60
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ARMs expectation of design wins over next five years, based on feedback from commercial teams. For the purpose of this analysis, no change in relative market share has been assumed.
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Internet of Things Medical applications Mesh networks Sensors Smart memory More ....
Analog: 100 billion chips shipped each year. Analog with ARM processor delivers intelligent sensor for Internet of Things Memory: 35 billion memory chips shipped each year Memory with ARM processor improves reliability at smaller geometries
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ARM is developing more advanced technology, delivering a greater benefit to customers and generating a higher royalty percentage per chip: More capable processor Cortex-A family in early days of penetration Multiple processors per chip Mali started shipping recently, big.LITTLE shipping 2013 Physical IP penetration more design wins at smaller geometries Higher royalty for v8 architecture production ramp starting in 2014
wafer royalty
wafer royalty
Mali
v8
ARM 7/9/11 Cortex-A Multiple Multiple Processors Processors & Mali Multiple Processors & Mali & Physical IP Next Generation
65
27%
25%
25%
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
* 7% semiconductor revenue CAGR 2003 to 2011. SIA data excluding memory and analog, March 2012 ** Before potential reclassification of R&D tax credits *** Assuming Q1 2012 exchange rate of 1.58 and expecting a <1% share dilution
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Summary
Reach of ARM technology broadening rapidly Growing installed license base drives long-term royalty
opportunity
Royalty percentage per chip increasing over time Effective tax rate decreasing Revenue growth and operating leverage drives margin
expansion and earnings growth
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Concluding Remarks
Warren East Chief Executive Officer
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ARM ARM
License
royalty
OEM Customer
Resilient
big
LITTLE
Growing Opportunity
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Q&A
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