1 Autodesk Confidential © 2006 Corporate Overview.

29
1 Autodesk Confidential © 2006 Corporate Overview

Transcript of 1 Autodesk Confidential © 2006 Corporate Overview.

Page 1: 1 Autodesk Confidential © 2006 Corporate Overview.

1 Autodesk Confidential © 2006

Corporate Overview

Page 2: 1 Autodesk Confidential © 2006 Corporate Overview.

Autodesk © 2006

Safe Harbor Statement

During the course of this presentation, we may make forward-looking statements regarding future events and the expected performance of the Company. We wish to caution you that such statements reflect our best judgment based on factors currently known to us and that actual events or results could differ materially. For important factors that may cause actual results to differ form those contained in our forward-looking statements, we would like to refer you to the documents we file from time to time with the SEC and specifically our Form 10K filed on June 6, 2006.  We do not assume any obligation to update any forward looking statements we make to reflect events that occur or circumstances that exist after the date of this presentation.

Page 3: 1 Autodesk Confidential © 2006 Corporate Overview.

Autodesk © 2006

23 Years of Market Leadership

Market leader in portfolio of markets Manufacturing, AEC, Infrastructure, Media

Global presence – 106 countries Revenue: 40% Americas, 60% International

Enterprise customers and market leader in SMB Fortune 100 to 3-person architectural firms

Ecosystem to address SMB market (2500 developers, 2000 resellers, 7 million registered users)

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4 Autodesk © 2006

Our Customer’s World is Changing

Innovation Drives Competitive Advantage

Growing consumer class drives proliferation of design

Emerging economies present opportunities

Infrastructure is being built and rejuvenated worldwide

Sustainable “green” design is becoming an economic

opportunity

Increasing movement to keep the data digital

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5 Autodesk © 2006

Key Trends Driving Our Business

New seats still represent ~2/3 revenue 2D growth remains strong 3D revenue is accelerating Subscription continues to gain traction Emerging economies provide significant opportunity

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New Business Drives Revenue Growth

Upgrades

Subscription

New Seats & Emerging Business

Rev ($M)

$0

$400

$800

$1,200

$1,600

FY03 FY04 FY05 FY06

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2D and 3D Drive New Business

2D LT

2D ACAD

Vertical

3D

Other

Rev from New Seats ($M)

$0

$100

$200

$300

$400

$500

$600

$700

$800

FY 2003 FY 2004 FY 2005 FY 2006

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Robust Growth in 2D Business

LT

ACAD

($M)

$0

$100

$200

$300

$400

$500

FY 2003 FY 2004 FY 2005 FY 2006

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3D Revenue is Accelerating

MSD

ISD

BSD

3D Revenue by Division ($M)

$0

$150

$300

FY 2003 FY 2004 FY 2005 FY 2006

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10 Autodesk © 2006

3D Users: More Valuable than 2D

MSRP Year 1 Year 2 Year 3 Year 4 Year 5 Total

2D AutoCAD $3,995 +

$420 $420 $420 $420 $420 $6,095

Revit Building$4,670+

$725$725 $725 $725 $725 $9,020

3D

InventorSubscription

$5,295 + $1,095

$1,095 $1,095 $1,095 $1,095 $10,770

Civil 3D$7,495+

$995$995 $995 $995 $995 $12,470

Inventor Professional

$7,950+$1,495

$1,495 $1,495 $1,495 $1,495 $15,425

Note: Upgrade case for revenues would be similar

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0

250

500

750F

Y0

0

FY

01

FY

02

FY

03

FY

04

FY

05

FY

06

3D Installed Base: Adoption is Accelerating

Civil 3D

Revit

Inventor

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3D Penetration:Biggest Opportunity Still to Come

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

FY

03 Q

1

FY

03 Q

2

FY

03 Q

3

FY

03 Q

4

FY

04 Q

1

FY

04 Q

2

FY

04 Q

3

FY

04 Q

4

FY

05 Q

1

FY

05 Q

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FY

05 Q

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FY

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FY

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FY

06 Q

2

FY

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3

FY

06 Q

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3D as % of Autodesk Design Customer Installed Base

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Revenue from Installed Base Growing

Upgrades

Subscription

Crossgrades

Revenue from Subscription, Upgrade, Crossgrade($M)

$0

$100

$200

$300

$400

$500

$600

FY2003 FY04 FY05 FY06

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Subscription Users

2D LT

2D ACAD

Vertical

3D

Other

Units (000)

0

100

200

300

400

500

600

700

800

900

1,000

FY03 FY04 FY05 FY06

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Subscription Attach Rates Increasing as AutoCAD Customers Adopt

Average Autodesk Subscription Attach Rate

0%

20%

40%

60%

80%

100%

FY03 FY04 FY05 FY06

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Emerging Markets Accelerate Growth

Americas

EMEA

APAC

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

FY03 FY04 FY05 FY06

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Very Linear Revenue

Benefits of Revenue Linearity: Predictability DSO improvement Sales discipline Operation efficiencyCumulative

Revenue

($M)

2006

2003

2005

2004

$0

$1,523

1 52Weeks

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Productivity Continues to Increase

Revenue Per Labor Dollar

FY03 FY04 FY05 FY06

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19 Autodesk © 2006

Gross Margin Improvement

89%

82%

84%

86%

89%

75%

80%

85%

90%

FY03 FY04 FY05 FY06

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Sales ProductivitySales affects topline and bottomline profitability

RevenueSales Opex as % of revevue

FY03 FY04 FY05 FY06 FY07

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Channel Productivity

Avg Revenue / VAR

# of VARs

FY2003 FY2004 FY2005 FY2006FY2003 FY2004 FY2005 FY2006

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Operating Margin Improvement

25%24%

3%

11%

19%

24%

0%

10%

20%

30%

FY03 FY04 FY05 FY06

GAAP Non-GAAP

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Shares Outstanding Remain Flat

230

Million

230228223225

0

50

100

150

200

250

FY03 FY04 FY05 FY06

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Stock Option Overhang is on Target

13%

0%

10%

20%

30%

FY03 FY04 FY05 FY06

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Strong EPS Growth Rate

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

FY03 FY04 FY05 FY06

GAAP EPS Non-GAAP EPS

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Outstanding Return on Shareholders’ Equity

44%

0%

10%

20%

30%

40%

50%

FY03 FY04 FY05 FY06

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…And Is Best of Software Peers

As Of Each Company’s Latest Fiscal Year

44%

0%

10%

20%

30%

40%

50%

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Guidance Summary

Q3 FY 2007 Revenue $450M - $460M

Fiscal FY 2007 Revenue $1.82B - $1.85B

Long Term Goal 15% CAGR Revenue

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29 Autodesk © 2006