Más contenido relacionado La actualidad más candente (14) Similar a James B. Stake Executive Vice President, Display and Graphics Business (20) James B. Stake Executive Vice President, Display and Graphics Business1. Sustainable Profitable Growth
Jim Stake
Executive Vice President,
Display & Graphics Business
3M Investor Meeting 2006 © 3M 2006 All Rights Reserved
2. Display & Graphics Business
Commercial Graphics
Optical
Technology
Traffic
Pipeline
Safety
Growing core businesses…
Growing core businesses…
common strengths…healthyReserved
common strengths…healthy pipeline
© 3M 2006 All Rights pipeline
3M Investor Meeting 2006
3. 3M Display & Graphics: Key Financial Data
Sales Operating Income
$1,500
$Billions & YOY % Chg $Millions & YOY % Chg
$1,162
$4.0 $3.5 $1,115
$1,200
$3.3
+4%
+5% +29%
$2.9 $865
+17%
$3.0
$900
+35% +67%*
$2.0 $600
$296
$0.9
$1.0 $300
+8% +4%
$0
$0.0
2003 2004 2005 Q1 2006
2003 2004 2005 Q1 2006
LC Growth 28.4% 12.4% 4.7% 9.5% OI Margin 30.3% 33.3% 33.1% 32.4%
2005 Sales By Geographic Area
Europe 14%
U.S. 21%
LAC 5%
*2002 estimated stock options, not restated.
APAC 60%
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4. Commercial Graphics Division
Building brands through graphics and digital signage
Building brands through graphics and digital signage
World’s largest graphic
Boeing complex – Everett, WA
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7. Commercial Graphics Division
Banking
Night Signage
Interior & Digital Signage Day Signage
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8. Commercial Graphics Division
Patented microreplicated
Patented microreplicated
adhesive technology
adhesive technology
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9. Commercial Graphics Division
Printing
Knowledge
“Big 3M” End-user
Coverage
Broad Scotchprint™
Range of Warranted
Offerings Graphics
Manufacturing Global Graphic
Excellence & Network
Scale
Intellectual
Sustainable global
Sustainable global
Property
growth model
growth model
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10. Traffic Safety Systems Division
The Leader in Transportation Safety
The Leader in Transportation Safety
& Mobility Solutions
& Mobility Solutions
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11. Traffic Safety Systems Division
3X Brighter 10X Brighter
Prismatic Migration
DG³
1939 2006
Diamond
Grade
High Intensity
Engineer Grade
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12. Traffic Safety Systems Division
Materials Digital Systems
Solutions & Services Latest Innovation
High value solutions for vehicle registration
High value solutions for vehicle registration
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13. Traffic Safety Systems Division
Day - Dry Night - Dry Night - Wet
Technology breakthrough and service migration in pavement markings
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14. Traffic Safety Systems Division
History of
Leadership
Expanding into
Services Global
Coverage
Broad Consistent
Range of Quality &
Offerings Service
Government
Manufacturing
Relationships –
Excellence &
“Trust”
Scale
Intellectual
Sustainable global
Sustainable global
Property
© 3M 2006 growth model
growth model
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15. Optical Systems Division
Making LCDs better, brighter
Making LCDs better, brighter
and more energy efficient
and more energy efficient
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16. LCD Panel Structure
Polarizer
Compensator
Glass
Color Filter
Liquid Crystal Display Glass
Liquid Cr ystal
Glass
Compensator
Polarizer
Cover Sheet
3M DBEF
3M BEF
Backlight
3M BEF
Diffuser
Light Guide
3M Reflectors
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17. BEF - Brightness Enhancement Film
BEF Recycles off axis light
Wasted Light
Without BEF
Dim
Light refracted
toward viewer
Wasted Light
Lamp
Wasted
off-axis light
reflected back
for recycling
BEF redirects
Bright light towards
the viewer
BEF Backlight
LCD
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18. DBEF - Dual Brightness Enhancement Film
Without DBEF, 50% of backlight output is absorbed by the LCD
Transmit P1
Dim
Absorb P2
LCD Backlight
DBEF increases brightness by Reflecting & Recycling polarized light
P1
P2
Bright
Reflect
Recycle
P1
LCD DBEF Backlight
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19. LCD Area Growth
05-10 CAGR: 25%
80
TV
70 Monitor
Notebook
Display Area (Millions m2)
60 Handheld
50
40
30
20
10
-
2002 2003 2004 2005 2006 2007 2008 2009 2010
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20. 3M LCD Film Sales ($) by Application
LCD TVs
Monitors
Notebooks
Handhelds
2001 2002 2003 2004 2005
Strong growth led by LCD-TV
Strong growth led by LCD-TV
and handheld devices
and handheld devices
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21. Consumer Television Units
250
LCD
PDP
PJ TV
200
CRT
Units (Millions)
150
100
50
0
2003 2004 2005 2006 2007 2008 2009 2010
3M Investor Meeting 2006 Source: DisplaySearch © 3M 2006 All Rights Reserved
22. New TV Technology Area Growth
05-10 CAGR: 32%
60000
LCD TV
50000 PDP
RPTV
40000
Area (000's m2)
30000
20000
10000
0
2003 2004 2005 2006 2007 2008 2009 2010
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23. 32” LCD TV Panel Price
LCD Panel ASP LCD Panel Demand
$2,250
$2,250 45,000
45,000
$2,000
$2,000 40,000
40,000
$1,750
$1,750 35,000
35,000
$1,500
$1,500 30,000
30,000
($/unit)
ASP ($/unit)
(000's)
Units (000's)
$1,250
$1,250 25,000
25,000
$1,000
$1,000 20,000
20,000
$750
$750 15,000
15,000
$500
$500 10,000
10,000
$250
$250 5,000
5,000
$-
$- --
2002 2003 2004 2005 2006 2007 2008 2009 2010
2002 2003 2004 2005 2007 2008 2009 2010
LCD price decreases fueling strong demand
LCD price decreases fueling strong demand
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24. Customer Investments
LCD Fabs
LG Philips 7G Q1’06 8G Q3’08
Samsung/Sony 7G Q1’06 8G Q4’07
Samsung 9G Q3’09
Sharp 8G Q4’06 9G Q1’10
AUO 7G Q4’06 8G TBD
CMO 7G Q3’07 8G Q2’08 8G TBD
Hannstar 7.5G TBD
SVA-NEC 6G Q3’08
BOE-Hydis 6G Q1’09
Poland TV Assembly
LG Electronics
Sharp
Total customer investment of over $30 Billion
Total customer investment of over $30 Billion
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25. Customer Investments
Sharp Kameyama Samsung
Source: Sharp Website Source: Samsung Website
Source: L.G. Investors Presentation
L.G. Philips – 7G Substrate
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26. Large Area LCD Supply / Demand
180000
Excess capacity
Excess capacity
160000
represents upside
represents upside
140000
120000
Units (1,000/QTR)
100000
80000
60000
40000
20000
0
Q1'05
Q2'05
Q3'05
Q4'05
Q1'06
Q2'06
Q3'06
Q4'06
Q1'07
Q2'07
Q3'07
Q4'07
Q1'08
Q2'08
Q3'08
Q4'08
Q1'09
Q2'09
Q3'09
Q4'09
Q1'10
Q2'10
Q3'10
Q4'10
Realistic Capacity Demand Total
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27. Optical Systems Division
Product
Technology
Customer
Support Teams Process
Technology
Global Supply
Chain Intellectual
Property
Quality
Customer
Systems
Relations
Manufacturing
Application
Excellence &
Development
Scale
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Sustainable global 3M 2006 All model
growth model
28. Optical Systems Intellectual Property
750
Active US Patents
0
2000 2001 2002 2003 2004 2005 2006
YTD
Large and growing patent portfolio
Large and growing patent portfolio
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29. Customer Satisfaction is Growing
Key Account Teams supporting customer success
Annual customer satisfaction surveys
’03 ’04 ‘05
0 1 2 3 4 5 6 7 8 9 10
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30. Investing to Support Customer Growth
Suzhou, China Wroclaw, Poland
Kansai, Japan Hwaseong, Korea
Tainan, Taiwan
USA Naju, Korea
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31. Continuous Flow of New Product Innovations
High Gain BEF
– 8% - 10% brightness improvement
Anti-Static BEF
– Lower LCD assembly cost
APF: Next generation DBEF
– Thinner, higher contrast, better color
BEF- RP Multifunction Film
– Superior gain, lower LCD assembly cost
Notebook Privacy Filters
– New manufacturing process
enables mass market pricing
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32. Quality Advantage
3M delivers industry-leading quality
2006 quality objectives:
– Tighten particle size specs by 25% to 30%
– Cut total number of defects by 50%
Superior quality:
– Lowers customer assembly and rework costs
– Improves 3M manufacturing yields
Current Spec Future Spec
Defect Human Hair
24 um
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33. LCD Film Price History
120
100
80
Relative Price
60
40 3M Enhancem ent ASP
20
0
1999 2000 2001 2002 2003 2004 2005 2006
Sharing productivity gains and optimizing
Sharing productivity gains and optimizing
price/value to maximize opportunity
price/value to maximize opportunity
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34. VikuitiTM DBEF And Energy Efficiency
12 Lamps + DBEF 16 Lamps
Less Power
Lower Temp
DBEF = fewer bulbs, less energy, lower temperature
DBEF = fewer bulbs, less energy, lower temperature
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38. D&G Technology Pipeline – Projection
Durable Polarizers for LCD projection
systems
– Dramatically reduces long term display
degradation
Solid State Lamps (LEDs)
– Improved lifetime, better color, instant on,
no Mercury
Optical core for reflective LCD systems (L-COS)
– Improved brightness, contrast and uniformity
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41. Display & Graphics
Outstanding teams in place
Excellent customer relationships
Strong core businesses
Unmatched manufacturing scale and quality
Growing markets
Clear leadership positions
Positive momentum – 8%+ LC Growth Target
Robust technology pipeline
Sustainable, profitable growth!
Sustainable, profitable growth!
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