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© 2014 Western Digital Technologies, Inc. All Rights Reserved.
Western Digital
October 22, 2014
WD CONFIDENTIAL
Sampan SilapanadVice President of Western Digital –Thailand / MalaysiaCo-chairman of The World Association for Cooperative EducationPresident of Electronic & Computer Employers’ AssociationVice Chairman of Executive Committer – The Federation of Thai Industries (FTI)
© 2014 Western Digital Technologies, Inc. All Rights Reserved.2
Sample of Forward-Looking StatementsSAFE HARBOR
WD CONFIDENTIAL
These presentations contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning growth opportunities in the storage industry, including growth in units shipped, areal density and content stored, our expected financial results, our business model and financial goals and our capital allocation strategy. These forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including the impact of continued uncertainty and volatility in global economic conditions; supply and demand conditions in the hard drive industry; uncertainties concerning the availability and cost of commodity materials and specialized product components; actions by competitors; unexpected advances in competing technologies; uncertainties related to the development and introduction of products based on new technologies and expansion into new data storage markets; business conditions and growth in the various hard drive markets; pricing trends and fluctuations in average selling prices; and compliance with regulatory conditions imposed on us by the Chinese Ministry of Commerce. More information about the other risks and uncertainties that could affect our business are listed in our filings with the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website at www.sec.gov, including our Annual Report on Form 10-K filed with the SEC on August 17, 2012, to which your attention is directed.
In addition, our long-term financial goals included in this presentation are based upon a variety of estimates and assumptions which may not be realized and, in addition to the risks identified above, are inherently subject to business, economic, competitive, industry, regulatory, market and financial uncertainties, many of which are beyond our control. There can be no assurance that the assumptions made in preparing our long-term financial goals will prove accurate or will be achieved. The assumptions our management used as a basis for the long-term financial goals are not facts and should not be relied upon as being necessarily indicative of future results, and investors are cautioned not to place undue reliance on the these long-term financial goals.
The forward-looking statements, including the long-term financial goals included in this presentation, speak only as of the date hereof. We do not intend, and we undertake no duty, to update these forward-looking statements to reflect subsequent events or circumstances; however, we may update our business outlook or long-term financial goals or any portion thereof at any time in our discretion.
© 2014 Western Digital Technologies, Inc. All Rights Reserved.3
Western Digital – A Storage Solutions LeaderINTRODUCTION
Well positioned to lead global storage evolution $38 billion1 addressable opportunity in hard disk drive (HDD) and enterprise solid state drive (SSD) Leading HDD and Enterprise SSD supplier Expanding solid state storage business Rich base of fundamental technologies with 7,000+ active patents worldwide Broad, customer-oriented product portfolio Consistent profitable growth, strong free cash flow and effective capital allocation
Revenue of $15.1 billion and free cash flow of $2.2 billion in FY 2014 FY 2004 – 2014 Revenue CAGR of 17.4% and non-GAAP EPS CAGR of 24.3%
¹ Source: IDC HDD and enterprise SSD(Worldwide Hard Disk Drive 2013-2018 Forecast & Worldwide Solid State Storage 2013-2018 Forecast and Analysis)
See DISCLAIMER on Safe Harbor Forward-Looking Statements (slide 2)
© 2014 Western Digital Technologies, Inc. All Rights Reserved.4
WD & HGST Teams Around the WorldMANUFACTURING, RESEARCH & DEVELOPMENT
WDC Employees Worldwide:Over 84,000
Newer locations indicated in green
HGST LocationsWD Locations
AMERICAS
EMEA
APAC
FactoriesManaus, BrazilHDD
California LocationsIrvine, CAWDC CorporateHDD
Fremont, CAHeads / Wafer
Santa Ana, CASSD R&D
San Diego, CASSD R&D
San Jose, CAHDD / Heads / Wafer / Media /SSD / Software / Systems
Factories / R&DJohor, MalaysiaSubstrate
Kuala Lumpur, MalaysiaHDD
Penang, MalaysiaHeads / Media
Penang, MalaysiaSSD
Sarawak, MalaysiaSubstrate
Surrey, UKSSD R&D
Other U.S. LocationsAustin, TXSSD R&D
Boulder, COHDD / New Business Dev
Colorado Springs, CONew Business Dev
Longmont, CODesign Center
Lincoln, MASSD Development
Rochester, MNHDD / SSD / System Integration Test (SIT) Lab
Factories / R&DFujisawa, JapanHDD R&D
Hsinchu City, TaiwanSSD R&D
Laguna, PhilippinesHeads / Sliders
Odawara, JapanHeads / Wafer
Shenzhen, ChinaHDD / Heads / Media
SingaporeMedia
SingaporeHDD / SSD R&D
Factories / R&DBangkok, ThailandHDD / Heads
Prachinburi, ThailandHDD
Bangalore, IndiaSSD R&D
Pune, IndiaSSD R&D
WD CONFIDENTIAL
Factories / R&DBangkok, ThailandHDD / Heads
Prachinburi, ThailandHDD
© 2014 Western Digital Technologies, Inc. All Rights Reserved.5
Government Institutes
Universities17
Research Topics177
Researchers245
Collaboration
© 2014 Western Digital Technologies, Inc. All Rights Reserved.6
University CollaborationWESTERN DIGITAL
© 2014 Western Digital Technologies, Inc. All Rights Reserved.7
7 Years MilestoneCOOPERATIVE EDUCATION
© 2014 Western Digital Technologies, Inc. All Rights Reserved.8
Internationalize Cooperative EducationCOOPERATIVE EDUCATION
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SHARED WINNING SOLUTION
- Year 2012
- Student = 30,017
- Universities = 106
- Company = 12,606
© 2014 Western Digital Technologies, Inc. All Rights Reserved.13
FY’14 Q4 ResultsOPERATIONAL & FINANCIAL EXECUTION
Source: IDC August 2014
HDD Share
See DISCLAIMER on Safe Harbor Forward-Looking Statements (slide 2)
© 2014 Western Digital Technologies, Inc. All Rights Reserved.14
WD Worldwide OperationsLOCATIONS
Heads
Fremont CA
Bangkok Bang Pa-in
Bangkok Navanakorn
Penang Malaysia
Substrate
Johor Malaysia
Media
Penang Malaysia
Tuas Singapore
HDD
Kuala Lumpur
Brazil
Bangkok Bang Pa-in
Wafers
Fremont CA
WD CONFIDENTIAL
© 2014 Western Digital Technologies, Inc. All Rights Reserved.
Western Digital (Thailand)
WDC CONFIDENTIAL
© 2014 Western Digital Technologies, Inc. All Rights Reserved.16
WD Thailand MilestonesTHE COMPANY
WD CONFIDENTIAL
2001 Dec 20th – Definitive
Acquisition agreement signed with Fujitsu Thailand
2002 Jan 2nd – Acquisition closed Feb 7th – Shipped first
customer drives Oct 3rd – ISO 9001:2000
Certification by BSI
2003 Aug 8th – Acquired
Magnetic Head Operations Oct 29th – ISO 14001 &
OHSMS 18001 Certification by BSI
2004 Aug 5th – Introduced
Scorpio 2.5” product
2005 Jan 16th – 50M
Drives Shipped
2006 Jun 3rd – 100M Drives
Shipped Jul 15th – Start first HDD
build at WDTH B4
2007 Dec 21st – 200M
Drives Shipped
2009 Dec 29th – 400M
Drives Shipped
2011 May 31st – 600M
Drives Shipped
2013 Oct 18th – 800M
Drives Shipped
2008 Nov 28th – 300M
Drives Shipped
2012 March - HGST Acquisition Aug 24th – 700M Drives
Shipped
2010 Aug 3rd – 500M
Drives Shipped2014 Mar 28th – 841M
Drives Shipped
© 2014 Western Digital Technologies, Inc. All Rights Reserved.17
WD Thailand Operations at a GlanceLOCATIONS
HGAs
Greater Bangkok Navanakorn
Head HGA - Nava Head HGA - B1/B2 HGA/HSA - B2/L3 HDD - B4 HDD/HSA/HGA - B6
Sliders / HGAs
Ayutthaya Bangpa-in
HGA & HSA 2.5 & 3.5HSA NPL & Development
Ayutthaya Bangpa-in
HDD: 3.5 / DTEnt: 2.5
Ayutthaya Bangpa-in
HDD: 3.5 / DTHSA: 3.5 / HGAs
Ayutthaya Bangpa-in
24x7 (2x12 Hour Shifts) Operations
WD CONFIDENTIAL
WD Bangpa-in Zoned Flood Wall Industrial Estate Dyke