Citi s 2013 Global Technology Conference

Transcription

1 Citi s 2013 Global Technology Conference Wendell P. Weeks Chairman and Chief Executive Officer September 4, 2013 Forward Looking and Cautionary Statements Certain statements in this presentation constitute forward looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of Such forward looking statements are based on current expectations and involve certain risks and uncertainties. Actual results might differ from those projected in the forward looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward looking statements is contained in the Securities and Exchange Commission filings on the Company and at the end of this presentation. Investor Relations Corning Incorporated

2 Who We Are Corning has a distinct identity Founded: 1851 Headquarters: Corning, NY Employees: ~ 29, Sales: $8 Billion Fortune 500 Rank: Sales: 326 Net Income: 119 Corning is a world leader in specialty glass and ceramics. We create and make keystone components that enable high-technology systems. We succeed through sustained investment in R&D, 162 years of materials science and process engineering knowledge, and a distinctive collaborative culture. Display Technologies Telecom Environmental Technologies Life Sciences Specialty Materials Investor Relations Corning Incorporated Who We Are We believe Corning is a strong investment Strength and stability Strong financial health Market, technology, and cost leader Diverse business portfolio Value to shareholders Earnings growth and cash flow Additional dividend and share buyback opportunities Growth Existing businesses tied to growth trends Innovations with breakout potential Assets in place to grow new specialty glass businesses Investor Relations Corning Incorporated

3 Who We Are We believe Corning is a strong investment Strength and stability Strong financial health Market, technology, and cost leader Diverse business portfolio Value to shareholders Earnings growth and cash flow Additional dividend and share buyback opportunities Growth Existing businesses tied to growth trends Innovations with breakout potential Assets in place to grow new specialty glass businesses Investor Relations Corning Incorporated Key Trends Fueling our Growth Push for a cleaner, greener environment Globalization of biotech and shift to biologically-derived therapies Investor Relations Corning Incorporated

4 Key Trend Investor Relations Corning Incorporated Key Trend Investor Relations Corning Incorporated

5 Key Trend Investor Relations Corning Incorporated Key Trend Investor Relations Corning Incorporated

6 Key Trend Investor Relations Corning Incorporated Key Trend Investor Relations Corning Incorporated

7 Key Trend Investor Relations Corning Incorporated Key Trend Investor Relations Corning Incorporated

8 Life-Like Displays Source: Third party reports and Corning analysis Investor Relations Corning Incorporated Intuitive Interfaces Cover Glass Market Size* Market Size (Sq. Ft.) Units, size, & touch drive 2-3x volume growth E 2016E Mobile Phones Tablets Notebooks *Glass sold in devices Source: Third party reports and Corning analysis Investor Relations Corning Incorporated

9 Seamless Delivery of Real-Time Information Data Creation Data Storage Data Access Global data 1.8 trillion Gigabytes Doubling every 2 years Storage capacity 50+% annual growth 10x number of servers in use in next decade Global IP traffic Quadruples by billion connected devices by 2016 Source: IDC, Economist Source: Cisco, IDC Source: Cisco Investor Relations Corning Incorporated Growth Opportunities Recent Successes Dell Latitude Series Ultrabooks and Notebooks Designed for reliability, passing rigorous third-party durability testing and crafted with premium materials such as Corning Gorilla Glass NBT for scratch and damage resistance and optimal brightness. Dell Press Release, August 27, 2013 Investor Relations Corning Incorporated

10 Growth Opportunities Recent Successes Investor Relations Corning Incorporated Growth Opportunities Recent Successes Investor Relations Corning Incorporated

11 Growth Opportunities Recent Successes Images TBD, enter fullscreen on clicks RF Source RRH Small Cells BTS Investor Relations Corning Incorporated Future Growth Opportunities Optionality for significant new growth in specialty glass Design properties Cool, authentic feel Ability to take form & shape Light-handling properties Technical properties Inherent stability Transparency Impermeability Strength Investor Relations Corning Incorporated

12 Forward Looking and Cautionary Statements This presentation contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events. Investor Relations Corning Incorporated