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President and Chief Executive Officer Rick Wallace President and Chief Executive OfficerBren Higgins Chief Financial Officer COWEN & CO. 45TH ANNUAL TECHNOLOGY , MEDIA & TELECOM CONFERENCE JUNE 1, 2017
President and Chief Executive Officer
President and Chief Executive OfficerBren Higgins
Chief Financial Officer
45TH ANNUAL TECHNOLOGY , MEDIA & TELECOM CONFERENCE
JUNE 1, 2017Safe Harbor
This presentation contains certain forward -looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Except as otherwise specifically
indicated herein, the information included in this presentation is as of the date it is delivered.
These forward -looking statements, including estimates involving: WFE and process control market trends; our
R&D investment levels; our new platform launches; our revenue from memory customers; WFE investment
levels in China; our long -term revenue model; and our non -GAAP gross margin, R&D, SG&A and operating
margins; are based on the company’s or other third party estimates, assumptions and expectations of future
events and are subject to a number of risks and uncertainties. Actual results could differ materially from those
projected in the forward -looking statements. For the factors that may cause actual results to differ materially
from those projected and anticipated in forward -looking statements in this presentation, please refer to the
company’s Annual Report on Form 10 -K for the year ended June 30, 2016, subsequently filed Quarterly Reports
on Form 10 -Q and other filings with the Securities and Exchange Commission (including, but not limited to, the
risk factors described therein). The company assumes no obligation to, and does not currently intend to, update
these forward -looking statements.Business EnvironmentIndustry Environment is Healthy and Stable
Semiconductor Industry Growth
Process Control Intensity (% of WFE)
KLA-Tencor Market ShareMore diversified end markets;
Growth in -line with global GDP
Extending market leadership with
investment in differentiated products
WFE and Process Control Markets are Growing
$2,000 $3,000 $4,000 $5,000 $6,000
$20,000 $30,000 $40,000 $50,000 $60,000
WFE SAM ($M) Process Control SAM ($M)
Data source: Gartner
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