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Mitel Overview
Mitel’s Business
The business of Mitel is to deliver
innovative solutions for the communications
industry, ranging from specialty
semiconductor components to turnkey
enterprise systems, through exceptional
employee practices focussed on the success
of the company’s customers.
Mitel Today
• Two business areas: Systems &
Semiconductor
Semiconductor
(43%)
• Different characteristics
• Both in communications
Communications
industry
Systems
(57%)
Financial Highlights
FY99
FY00
FY00 Q4
Revenue
$1.3B
$1.4B
$373M
Op. Income
$83M
$117M
$58M
Adj. Net Income
$0.67
$1.01
$0.37
Gross Margin
46%
49%
53%
R&D Expense
11%
11%
11%
Fiscal 2000 was a GREAT year!
Mitel Revenue Growth
1400
1200
1397
1000
1310
CDN$ 800
millions 600
400
881
576
696
200
0
1996
1997
1998
1999
2000
Global Presence
Canada
United States
Sweden
U.K
France
Germany
China
Japan
Singapore
Mexico
Brazil
Hong Kong
Revenue by Geography
Europe
32%
US
45%
Canada
8%
Asia
& other
15%
•
Mitel Communications
Systems
Significant market share in
chosen markets
• Known for open, distributed,
scalable product families
• Global distribution network
• Shipped over 1 million lines
in FY 1999
• Known for investment
protection strategy
• 25+ years voice experience
• 4500 employees worldwide
Revenue
800
700
600
500
400
300
200
100
0
759
475
1997
794
567
1998
1999
2000
Key Developments
• DIVA/Ipera
• Speak@Ease
• Platinum VARS
PBX Evolution in the IP Space
Systems: Market Drivers
Ahead
Internet
Convergence of voice and data transport
Protocol (IP)
in the enterprise around Internet Protocol (IP)
Enterprise
Wireless
Emergence of complementary CPE
wireless systems for seamless mobility
Voice
Recognition
Acceptance of natural speech recognition for call routing & voice
transactions
Simplified
Messaging
Simplification of non-real-time
communications through Unified Messaging
Multimedia
Applications
Growth of IP-based interactive multimedia applications and
services
Mitel Semiconductor
• A leader in specialized
microelectronics for the
communications and
medical markets
• Largest merchant
semiconductor unit in
Canada
• Leading global supplier of
specialty ICs
• 3000+ customers in over
100 countries
• 2300 Employees worldwide
Revenue
700
600
500
400
558
300
200
100
221
603
315
0
1997
1998
1999
2000
Semiconductor Financials
FY00 Q1
FY00 Q2
FY00 Q3
FY00 Q4
Revenue
$125M
$139M
$163M
$175M
Op. Income
$6M
$17M
$28M
$42M
Backlog
$177M
$209M
$237M
$253M
• Major rebound in the business
• Increasing design wins with global communications
leaders, e.g. Cisco
• More focused portfolio
Key Developments
• Voice-over-IP
• Smart OSA
• Bluetooth
• TDM Switching
• Digital TV
Increasing Focus on Broadband Connectivity
Semi: Market Drivers Ahead
Growth of IP-based interactive multimedia
applications and services
Emergence of Wireless High-speed Communications :
toward mobile multimedia
Growth of Multiprotocol Data Connectivity -direct
consequence of converged networks
Voice-over-IP
High-speed
wireless
Multi-protocol
Networking
Accelerated System-level Integration (SLI) in
Communications (a.k.a System on a chip)
Comms SLI
Evolution to optical interconnect:
the last frontier in broadband communications
Optoelectronics
Opportunities for Synergy
Systems
Semiconductor
Internet
Protocol (IP)
Voice-over-IP
Enterprise
Wireless
High-speed
wireless
Voice
Recognition
Multi-protocol
Networking
Simplified
Messaging
Communications
SLI
Multimedia
Applications
Optoelectronics
More information:
www.mitel.com