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OMNIVISION Technologies, Inc. 2009 Stockholders Meeting Presentation
Sep 30, 2009

Safe harbor statement

  • Except for historical information, the matters discussed in this presentation may contain forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties could cause the forward-looking statements and OmniVision’s actual results to differ materially. In evaluating these forward-looking statements, you should specifically consider various factors, including the factors listed in the “Risk Factors” section of the Company’s most recent annual report filed on Form 10-K and most recent quarterly reports filed on Form 10-Q. These factors may cause the Company’s results to differ materially from any forward-looking statement. Forward-looking statements are only predictions and actual events or results may differ materially.
  • OmniVision disclaims any obligation to update information contained in any forward-looking statement.

Agenda

About OmniVision Technologies, Inc.

  • World’s leading CMOS image solutions provider
    – Pioneered CMOS image sensor industry (1995)
    – IPO July, 2000 – Nasdaq: OVTI
    – Industry’s broadest product portfolio
  • $507M in revenues (fiscal year ending April 30, 2009)
    – Record year $800M in fiscal 2008 (prior to downturn)
  • Approximately1,300 employees worldwide
  • Exceptional financial position
    – $309M in cash and short-term investments at July 31, 2009

Growing addressable market opportunity
CMOS shipment forecast — all markets

Leading market share position
CY 2008 CMOS unit shipments

Technology leadership

  • Best-in-class pixel technology
    OmniPixel®3-HS
    – OmniBSI™
  • World’s most advanced packaging technology
    – CameraCube™

OmniPixel®3-HS

  • True-to-life color reproduction
  • High sensitivity
    – Up to 960 mV/lux-sec – 1.75 µm pixels
    – Up to 3.3 V/lux-sec – 3 µm pixels
    – Up to 12 V/lux-sec – 6 µm pixels
  • Quality exceeds CCD sensors

OmniBSI™
Backside Illumination Technology

Scalable supply chain

IP portfolio

Sales update and accomplishments
Fiscal year 2009

  • Planning and execution countered severe economic recession
    – Generated $507M in revenues
    – Shipped 337M units
  • Prepared for future growth
    – Focused on design work with key new customers – contributing to FY2010 results
    – Market place continued to develop new applications – multi-media devices, MID’s and netbooks
    – Existing applications continued to expand – rise of the smart phone category
    – Regional demand continued to develop – opened sales office in India

Sales update and accomplishments
Fiscal year 2010 and going forward

  • Quarterly revenue trend is on an upswing
    – Reported Q1FY10 of $105.6M
    – Provided Q2FY10 guidance of $155M – $170M
    – All regions show renewed strength
  • Strengthened position in Tier 1 accounts driving the smart phone category
    – 2 and 3 mega pixel sensors shipping in volume
    – 5 megapixel design wins are next
  • Continued to dominate a growing PC/Notebook market
  • Total product mix to higher resolutions trending upwards
  • Asia first to ramp BSI 5 megapixel SOC and shift to higher resolution
  • Penetrated Japan market with BSI 8 megapixel design for DV application

Financial results
F1Q 2010

  • Revenues of $105.6M in F1Q10 vs. $89.1M in F4Q09 and guidance of $90-$100 million
    – Q1 revenues grew 18% quarter over quarter
    – Sequential growth across all markets – particularly in smart phones and Netbooks
  • F1Q10 gross margin was 22.4%, recovered from 17% in F4Q09
    – Improvement in gross margin attributable to shipment of fresh inventory and improvement in product mix
    – Expect modest improvement in F2Q10
  • Operating expenses of $32.6M
    – Reduced by $2.4M primarily due to reduction in NRE
    – Expect to keep operating expenses within a tight band on a go-forward basis
  • Cash / ST investments increased to $309.0M
  • Accounts receivable with DSO at 42 days
  • Inventory with annual turn at 3.3x

Looking ahead
Q2 2010 guidance

  • Revenues of $155 ~ $170 million
    – Represents additional 47 ~ 61% sequential growth
    – Returning to profitability well ahead of market expectations
    – Enjoying broad-based success across product portfolio
  • GAAP EPS of $0.00 ~ $0.10
  • Non-GAAP* EPS of $0.10 ~ $0.20

*Excludes estimated expense and related tax effects associated with stock-based compensation

About OMNIVISION

OMNIVISION is a global fabless semiconductor organization that develops advanced digital imaging, analog, and touch & display solutions for multiple applications and industries, including mobile phones; security and surveillance; automotive; computing; medical; and IoT / emerging applications. Its award-winning innovative technologies enable a smoother human/machine interface in many of today’s commercial devices. Find out more at www.ovt.com.

OMNIVISION® and the OMNIVISION logo are registered trademarks of OMNIVISION. All other trademarks are the property of their respective owners.