Presentation by the management team of CML Microsystems – 03/07/2023

Panelists: Executive Chairman, Nigel Clark and Group Managing Director, Chris Gurry

CML is a semiconductor company focused on the next generation of wireless communications technologies.  It has positions in analog and compound semiconductor products and technologies, and a blue-chip customer base. CML is well-placed to capitalise on the exciting opportunities presented by the next generation of wireless communications across 5G, the Industrial Internet of Things, satellite and voice communications.  Our valuation work suggests that the current market valuation is focused on the CML of old. Given the expected explosion in applications for next-generation wireless technologies and CML’s track record in niche and specialist applications, multiples may rise as evidence of traction builds.

 

CML - Full Year Results Presentation FY23

Watch the full presentation below or navigate to the segments and questions that interest you the most.

1. With regards to the organic growth story of gallium nitride – could you explain a bit more about the opportunities and what you’re most excited about.

2. What is the thinking in terms of possible acquisitions; do you think there’s a possibility to achieve technological enhancements or expansion of the customer base?

3. Can you provide a recap about the reasons for the recent acquisition and explain the rationale behind it.

4. What are the typical timeframes and sales cycles involved in chip development - from design to market.

5. How much have you been able to mitigate risk from key supplier exposure? e.g. with foundry services in Taiwan etc.?

6. In terms of your proposition to clients, how are your products differentiated? Can you talk about product specialisations and characteristics?

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