Mellanox Technologies, Ltd.Corporate OverviewQ1, 2007
2
About Mellanox Technologies
Fabless semiconductor supplier founded in 1999 • Business HQ in California • Research & Development and Operations HQ in Israel • Global sales offices and support
Leading high-performance connectivity products for servers, storage and embedded systems$117M raised in IPO - February 2007• NASDAQ: MLNX• Profitable since 2005
Shipped 1.7M+ 10 & 20Gb/s ports as of December 2006IBTA and OpenFabrics Industry Leadership
3
Interconnect: A Competitive Advantage
Enterprise Data CentersEnterprise Data Centers
HighHigh--Performance ComputingPerformance Computing
EmbeddedEmbedded
Clustered DatabaseCustomer Relationship ManagementeCommerce and RetailFinancialWeb Services
Biosciences and GeosciencesComputer Automated EngineeringDigital Content CreationElectronic Design AutomationGovernment and Defense
CommunicationsComputing and Storage AggregationIndustrialMedicalMilitary
End-Users
InfiniBand and Ethernet
ServersAnd Blades
Embedded
Switches
Storage
4
Enterprise Data CentersEnterprise Data Centers
EmbeddedEmbedded
Leading Customers / Growing MarketsSoftware PartnersHardware OEMs
Embedded
Servers
Storage
COMPUTERS
Switches
End-Users
HighHigh--Performance ComputingPerformance Computing
5
Comprehensive Solutions
Adapter ICsAdapter CardsSwitch ICsReference DesignsSoftwareEnd-to-End Validation
Blade/RackServers
StorageSwitch
SWITCHADAPTER ADAPTER
6
Product Roadmap
2000 2003 2004 2005 2006 20072001 2002
40Gb/s Total
160Gb/s Total
480, 960Gb/s Total
40, 80Gb/s Total
20, 40Gb/s Total
40Gb/s Total
1st Gen.
2nd Generation
3rd Generation
4th Generation
Adapter
Adapter
Adapter
Adapter + Switch
Switch
Switch
Gen2Adapter
Two 10/20/40 Gb/s IB or Two 1/10Gb/s Ethernet
7
Powerful Trends Drive Large Markets
Clustering and Blades
ConsolidationMulti-Core CPUs
Virtualization Low-Latency
8
Addressing Large and Growing Markets
Source: and
17.0M ports
2006
Storage2.6M
Storage4.7M
Servers11.8M
Servers7.7M
10.6M ports
2010
Overall: 13% CAGRServers: 11% CAGRStorage: 16% CAGREmbedded: 14% CAGR
Embedded0.5M
Embedded0.3M
9
InfiniBand Leadership
Industry-Standard• Established software ecosystem• Wide range of system solutions
Price / Performance / Power• 20Gb/s node-to-node (40Gb/s in 2008)• 60Gb/s switch-to-switch (120Gb/s in 2008)• → 1us application latency• Lowest power per Gb/s bandwidth
Reliable• HW reliability and congestion management
Efficient• RDMA and Transport Offload• CPU focuses on application processing
Scalable• Tens-of-thousands of nodes
Service Oriented I/O• Security and Quality-of-Service• Virtualization• I/O consolidation including storage• HW protection and isolation
Switch-to
-Switch
Node-to-Node
8Gb/s FC10Gb/s Ethernet
3040
1201101009080706050
1020
2004 2005 2006 2007 2008
Gigabits per secondPerformance Roadmap
60Gb/s
20Gb/s
10
InfiniBand Leads Price/Performance
AdapterPrice
SwitchPrice/Port
Total Price
Price per Gb/s
20Gb/s InfiniBandDual port
$690 $369
$598
$590
$120
$66
10 Gigabit EthernetSingle port
$945
$1,059
$1,543
$1,410
$154
4Gb Fibre ChannelSingle port
$820 $352
Gigabit EthernetSingle port
$100 $220 $220
All prices are fixed format, stand-alone productsAll prices from CDW, March 07, except:10GigE switch price from announced OEM product at 30% discount4Gb Fibre Channel Switch price from Tolly reportAdditional information available upon request
*All prices are end-user, single unit prices InfiniBand Dual-port adapters include high availability option at no extra cost !
11
Data Center Resource Optimization
IB delivers 2.5X Price/Performance Advantage• 35% Price advantage vs. GigE• 62% Performance Improvement vs. GigE• World Record TPC-H benchmark with IB storage
IB advantages for virtualization• Reduce I/O Infrastructure cost 60% vs. GigE and FC• Reduce I/O Infrastructure power 27% vs. GigE and FC
IB used to connect mission-critical global risk management systems• 15% to 70% increased hardware utilization• Reduced TCO by $10M/year
Source:
May, 2006
Source:
Source:
12
Mellanox Superior Application Performance
Market Segment Application Performance Advantage
LSTC LS-DYNA
26% better than QLogic85% better than Myrinet115% better than GigE
ESI PAM-CRASH 300% better than GigE
Exa PowerFLOW 24% better than Myrinet
CD-adapco STAR CD 29% better than Myrinet
Digital Media Autodesk 470% better than GigE
Financial Wombat 120% better than GigE
Oil and Gas Schlumberger Eclipse 55% better than Myrinet
Fluent 145%-1400% better than GigE15% better than QLogic
Database Oracle 62% better than GigE
Fluid Dynamics
Automotive
** Partial List** Platforms may vary, contact Mellanox for details
13
88 135293
529
1,130
2,305
3,528
2000 2001 2002 2003 2004 2005 2006
140 162220
267
409
732
1,021
2000 2001 2002 2003 2004 2005 2006
Escalating Computing Needs
Computing market growth and increasing number of portsDiverse set of applications• Research, HPC, financial, semiconductor, retail, utility computing
First Petaflop cluster expected in 2007-2008
Total # of CPUs in the Top500 (000s)
Total Performance of the Top500(TFlops)
2000-2006 CAGR = 40%
2000-2006 CAGR = 85%
Source:
14
(16%) Trends from Top500 propagate to enterprise marketsInfiniBand is the only growing high speed interconnectMajority of the largest supercomputers utilize InfiniBandInfiniBand is the leading interconnect in the top 250 supercomputers
Source:
InfiniBand Momentum / Ethernet Ubiquity
18
102
30
89
40
80 82
212 142
249 256 215
GigE Myrinet InfiniBand6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06
Number of Clusters in Top500
Number of Clusters in Top250
(10%)
105%
(48%)106
40
13
109
41
15
97
3826
50
29
70
GigE Myrinet InfiniBand6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06
(24%)16
9%
15
Reliable
Power
Price
ConnectivityRequirements
Scalable
Efficient
Performance
Industry Standard
Convergence on InfiniBand and Ethernet
InfiniBandEthernet
Reliable
Power
Price
Fibre ChannelProprietary
ConnectivityRequirements
Scalable
Efficient
Performance
Industry Standard
16
InfiniBand and Ethernet ExpansionCurrent Architecture iSCSI Storage
Ethernet Switch
Fibre Channel Switch
Ethernet
InfiniBand
Fibre Channel Storage
InfiniBand Switch
InfiniBand Storage
iSCSI StorageConverged Architecture with ConnectX – I/O Consolidation
InfiniBand Storage
InfiniBand orEthernet
Low Cost Bridge
InfiniBand orEthernet
Fibre Channel
Fibre Channel Storage
17
The Management Team
Name Title Experience
CEO, President & Chairman of the Board
CFO
Roni Ashuri VP Engineering
VP Operations & Engineering
VP Architecture
VP Product Marketing
VP Worldwide Sales
Eyal Waldman
Michael Gray
Michael Kagan
Shai Cohen
Thad Omura
Dave Sheffler
ASK Computer Systems
18
Strong Revenue GrowthHistorical Annual Revenues ($M)
$48.5
$42.1
$20.3
$10.2
$4.0$1.7
2001 2002 2003 2004 2005 2006
19
Mellanox Differentiators
Expert Design• Advanced architecture and proven mixed-signal technology
Solid Execution and Product Quality• Silicon, Software, and Systems• Proven high-volume manufacturing capabilities
Well Established Relationships• Leading Server, Storage, Communications Infrastructure
Equipment and Embedded System OEM customers• ISV Partners and 3rd Party Hardware Vendors• Direct interface to end-user customers
Experienced Team• Technical, Business and Management
20
Summary
Leader in silicon-based, high-performance connectivity solutionsMarket-wide adoption of InfiniBand • Servers/blades, storage and switch systems• Data Centers, High-Performance Computing, Embedded• Performance, Price, Power, Reliable, Efficient, Scalable
4th Generation adapter extends connectivity to InfiniBand and Ethernet• Market leading performance, capabilities and flexibility
Driving key trends in the market• Clustering/blades, low-latency, I/O consolidation, multi-core
CPUs and virtualization
21
Thank You
21