NXP Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Ross Seymore - Deutsche Bank - Analyst : (inaudible - microphone inaccessible)

Question: Ross Seymore - Deutsche Bank - Analyst : I am Ross Seymore from Deutsche Bank. So a question on the auto market in general for either Kurt or Jens, the adoption of the software to buy vehicle. All the technology seems quite obvious China is leading the way. But I guess a two-part question. First in China, how is NXP positioned relative to the desire of the country to have more in-source local production? And second, in the Western companies, how are you seeing them respond to it? Can they keep pace economically or are they -- is the pressure from the Chinese vendors allowing them to slow down if they put tariffs into place or accelerate to fight against the Chinese? How are you seeing the kind of Eastern versus Western adoption curves?

Question: Ross Seymore - Deutsche Bank - Analyst : Great.

Question: Ross Seymore - Deutsche Bank - Analyst : Thanks Jeff Ross Seymore from Deutsche Bank. Bill, one for you on the free cash flow side of things that you want to have the 25% target. It seems like there's some significant differences in just how money is going out the door where CapEx in and of itself doesn't capture it as much as it used to with all the JVS equity investments et cetera. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 07, 2024 / 1:30PM, NXPI.OQ - NXP Investor Day So between -- how do we think about when the total cash will start to grow from that perspective? And does the DIOs that you had going from, I think, 95 to 110, does that include some buffer inventory for the FAB consolidation you're talking about? So it could go above that. Just trying to think through working capital and then the equity side to get really what cash is doing.