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3Q07 Financial Results October 25, 2007 Slide #1
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Welcome to the Ramtron Investor Teleconference Today’s Presenters Eric Balzer, Ramtron CFO Financial Overview Bill Staunton, Ramtron CEO Business Overview and Outlook Slide #2
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3Q2007 Financial Highlights Total revenue of 13.4M, up 20% over 3Q2006 3Q income $1.1 million, or $0.05 per share Product revenue of $13M, up 21% Other revenue was $365,000 Product gross margin 53% compared to 53% a year ago Slide #3
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3Q Performance to Operating Model (*Before stock-based compensation expenses) Slide #4 2007 Projection* Actual 3Q2007 Performance* Actual YTD Performance* Gross margin52%-54%53% R&D22%18%21% Sales & marketing14%-15%11%13% General and admin.11% Net income5.0%-6.5%13%8%
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Balance Sheet Highlights Cash up $1.8 million EBITDA was $2.5M Inventories up $800K Receivables up $1.8M DSO was 47 days Since the beginning of 2007, total liabilities are down ~ $700,000, while total assets are up over $4 million dollars Slide #5
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Business Highlights Margins steady Doubled GAAP income Earnings leverage showing Integrated revenue up 149% 16 new products in seven quarters 11 new products in 2007 are integrated Slide #6
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End Market Highlights - Metering Metering generated 34% of product sales Metering revenue 47% of China product sales 132 million electronic meters to be installed over next five years 50% will go into China and India Other energy-related applications emerging Slide #7
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End Market Highlights – Auto and Computing Auto generated 12% of product sales Hyundai/Kia business will grow with new models Other Korean auto makers using F-RAM Copiers strong and cartridges hitting prior run rate with support of new custom device Two more custom designs complete with a new one starting in November…all for printer cartridges Slide #8
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End Market Highlights – Industrial/Other ISM generated 25% of product sales Characterized by MANY customers across a wide variety of applications Gaming a strong component of ISM Slide #9
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Annual Outlook Update Revising annual outlook for revenue growth and net income Please review risk factors regarding forward-looking statements outlined in 3Q07 financial results release and SEC filings * Before stock-based compensation expenses Slide #10 Prior TargetCurrent Target Revenue Growth20%-25%23%-27% Net Income*5%-6%7.5%-8.5%
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Conclusion and Q&A Slide #11
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