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www.broadcom.com© 2009 Broadcom Corporation. All rights reserved.

Broadcom Corporation Corporate Overview

Q4 2008

02/12/2009

1© 2009 Broadcom Corporation. All rights reserved.

Cautionary Statement:

This presentation may contain forward-looking statements regarding future events or the future performance of Broadcom. These forward-looking statements may include guidance we will provide on future growth drivers in the markets in which we operate and statements about the prospects for our various businesses. All statements that we make or incorporate by reference in the presentation, other than statements or characterizations of historical fact, are forward-looking statements. It should be clearly understood that these forward-looking statements, and our assumptions about the factors that influence them, are based on the limited information available to us at this date. Such information is subject to change. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

Forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those described in the statements you hear today as a result of various factors. We refer you to our 2008 Form 10-K, subsequent and forthcoming 10-Qs and other filings with the SEC, which discuss some of the important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition.

In addition, during the presentation we may refer to certain non-GAAP financial measures. Non-GAAP free cash flow is defined as net cash provided from operating activities less purchases of property and equipment, net, as reported in our statements of cash flows presented in accordance with GAAP.

The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. However, Broadcom believes that non-GAAP reporting, giving effect to the adjustments shown in the reconciliations in this presentation, provides important supplemental information to management and investors regarding financial and business trends relating to the company's financial condition and results of operations. For further information regarding why Broadcom believes that certain non-GAAP financial measures provide useful information, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to the company’s Current Report on Form 8-K filed with the SEC January 24, 2008.

© 2009 Broadcom Corporation. All rights reserved. Broadcom®, the pulse logo, Connecting everything®, and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.


About Broadcom

• Founded in 1991 • Initial public offering in April 1998

(NASDAQ-BRCM)• Global leader in semiconductors for

wired and wireless communications• 2008 net revenue of $4.66 billion• Q4 2008 net revenue of $1.13 billion• One of the largest volume fabless semiconductor suppliers• Broad IP portfolio with over 12,100 U.S. and foreign patents and

applications• Over 7,400 employees worldwide

– $609,000 annualized net revenue per employee

Driving convergence through unique and innovative product offerings


Broadcom’s Global Presence

Worldwide locations strategically placed to serve our expanding customer base

Headquarters in Irvine, CA41 Design Centers71 Sales / Marketing Offices

Tokyo

Singapore

Seoul

Gumi

Taipei

Shenzhen

Beijing

Shanghai

HsinchuDuluth

MorrisvilleDallas

AustinSan Diego

San JoseMatawan

SeattleSunnyvale

Houston

Richmond, BC

Germantown

Santa ClaraAndover

Colorado Springs

Edina

IrvineTempe

Longmont

QuébecFort Collins

New Jersey

MarkhamKanata

India

GermanyBelgiumBristol Netherlands

Israel

France

Sweden Finland

Denmark

Greece

Cambridge


Investing in Top Talent to Enhance Growth and New Initiatives

1,069

2,497 2,5802,807 2,774

633

3,373

4,287

5,233

636G&A

523Mfg

Sales/Mktg70675% Engineering

7,402

533PhDs

R&DEngrs 5,537

6,347 $4,658

$3,776

$3,668

$2,671

$2,401

$1,610

$1,083$962

$1,096

$521

$217

20021999 2000 2001 20031998 20052004 2006 2007 200820021999 2000 2001 20031998 20052004 2006 2007 2008

Net Revenue ($M) Headcount


Any Content

Building Blocks of Communications

Over Any Media

TelephoneService Provider

WirelessService Provider

SatelliteService Provider

CableService Provider

Voice

Video

Data MobileNetwork

Home Network

Anywhere, Anytime

EnterpriseNetwork



• Bluetooth®

• Cable Modem

• Cable STB• Cellular

• DSL

• Multimedia

• VoIP

• 802.11

• Satellite STB

• Controller

• Gaming• High Definition Blu-ray Disc® • Digital TV

• Security • StorageAt home



• Bluetooth

• BroadbandProcessor

• Cellular

• Controller

• Multimedia

• Optical• Security • Storage

• Server I/O• VoIP

• 802.11

• PHY

At homeAt work

• Switch



• Bluetooth

• Cellular

• Multimedia

• Security

• VoIP

• 802.11

• Gaming• Digital TV

At homeAt workOn the go

• GPS


Bringing it All Together

• Bluetooth

• BroadbandProcessor

• Cable Modem

• Cable STB• Cellular

• Controller

• DSL

• Multimedia

• Optical• Security • Storage

• Server I/O• VoIP

• 802.11

• PHY

• Satellite STB

• Switch

• Gaming• High Definition Blu-ray Disc • Digital TV

• GPS


Our Vision: Everyone and everything will be connected, at home, at work and on the go.Broadcom will enable all of these connections and enhance the experience.

Connecting everything®

Our Mission: To be the leading communications semiconductor company


Sustained Record of Intellectual Property Innovation

4,500

456 824 1,6272,625

3,493

7,600

2,7694,020

5,149

5,600

7,400

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Patents PendingPatents Issued

242 600

2,3261,132

3,225

4,844

6,776

8,225

10,89312,100


Fabless Business Model

Diversified supplier base achieves optimum cost and availability

Wafer Fab Wafer Probe Assembly Final Test Finished GoodsShipping/Receiving


Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Units

(M)

Actual Shipments

The Largest Volume Fabless Semiconductor Supplier

Demonstrated track record of execution

FY02 FY03 FY04 FY05 FY06 FY07 FY08


Target End Markets


Business Market Overview

Over 20 lines of business enabling growth in wired and wireless convergence

Mobile & Wireless

Wireless ConnectivityMobile Platforms

Enterprise Networking Broadband Communications


Customer Base of Industry Leaders

Broadband Communications Enterprise Networking Mobile & Wireless


Broadband Communications Overview

Key Product Areas …• Cable, satellite and IP set-top boxes• Cable, GPON and xDSL gateways • Digital TV solutions • Blu-ray Disc players and recorders• CMTS and DSLAM chipset solutions

Enabling global carriers and consumer electronics companies to offer superior voice, video and data

services and equipment

Leading Customers …


Broadband Communications2008 Highlights

• Strong cable set-top box revenue in Q4– Record setting (10.5 mil) digital-to-analog (DTA)

converter box shipments to large MSO– Seasonal pause in digital TV and Blu-ray after

strong 2008 holiday build in Q3• End market drivers

– FCC analog to digital transition – Battle continuing between the cable, satellite and

telco operators to deliver increased HD content along with bundled services to the consumer

– Digital content distribution throughout the home– International pay-TV growth led by India direct to

home (DTH) operators Bharti Airtel, Sun TV and Tata Sky

• Q1 2009– Post holiday resumption in consumer

products sales – digital TV and Blu-ray– Expect continued pressure from economic

slowdown

Broadband Communications Quarterly Revenue ($ Mil.)

$354 $365

$458 $458$441

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008


Enterprise Networking Overview

Key Product Areas …• Broadband and security processors• Advanced Gb and 10 GbE controllers• Metro / Enterprise / SMB switching• NAS and RAID storage controllers• PHYs and optical transceivers• Server I/O chipsets

Innovative high-performance solutionsfor enterprise networking infrastructure


http://image.dell.com/image.asp?ImageID=600


Enterprise Networking2008 Highlights• Q4 2008 revenue

– Weakness experienced across all lines of business – Greater declines in controller versus switching

• Announced a blade server design win at HP– Uses both switch and controller products

• Unveiled new security initiative with the introduction of two new security processors

– BCM5880 (for PC/notebooks) – BCM5892 (for point-of-sale applications)

• Poised to ride the continued adoption of 10 GbE into the metro, data center and blade server environments

• Q1 2009– Expect continued pressure from economic slowdown – More pronounced in PC versus switching end market

$292$308

$329$346

$276

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

Enterprise NetworkingQuarterly Revenue ($ Mil.)


Mobile Platforms Overview

Key Product Areas …• HSxPA/WCDMA/EDGE/GPRS/GSM

Cellular SoCs and baseband • Mobile multimedia and

applications processors • Multi-band, multi-mode RF transceivers• Power management solutions• Production-ready reference designs

and software

Driving the performance, integration and power demands of mobile devices



Wireless Connectivity Overview

Products Include …• 802.11a/b/g/n WLAN client and

access points• Bluetooth systems and software• Bluetooth + Wi-Fi® + FM + GPS SoCs

and other combination PAN solutions • GPS• IP telephony devices• Video and Wi-Fi phone solutions• Touch-screen controller solutionsEnabling consumer, PC, peripheral, mobile, IP and Wi-Fi phone applications



Mobile & Wireless2008 Highlights• Revenue declined across most businesses

in Q4– Greatest declines in Bluetooth and touch controllers– Less of a decline in wireless LAN and VoIP

• Accelerated combo roadmap for feature phones, smart phones and PMPs

– Debuted BCM2049 and 4329– Next wireless combo to be announced at

Mobile World Congress

• Continued momentum in Bluetooth headset market

– Design wins at Jabra and Motorola

• Cellular milestones on track– New Samsung 3G phones progressing into

final stages of development– Making progress on other programs at

Samsung and Nokia

• Several new design wins with mobile multimedia products

• Q1 2009– Expect continued pressure from economic slowdown

$381$359

$414

$494

$409

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

Mobile & WirelessQuarterly Revenue ($ Mil.)


Broadest Product Portfolio

Broadcom TXN MRVL STM QCOM ATHR CSR

BluetoothCellular basebandGPSCellular processorPower managementVoIPWireless LAN

Blu-ray Cable modemCable set-top boxDigital TVDSL modem

Broadband processorControllerOpticalPHYSecurityServer I/OSwitch

CNXT IFX

Meaningful presence Little presence or has announced entry Strategic growth area

Satellite set-top box

Mobile & Wireless

Broadband Communications

Storage

Enterprise Networking


Current Leadership PositionsRe

usab

le IP

and

Tech

nolo

gy S

calin

g

Mobile & WirelessMobile & Wireless

Broadband CommunicationsBroadband Communications

Security SwitchStoragePHYEnterprise NetworkingEnterprise Networking

Cable STBCable modem Satellite STBDigital TV xDSL modem

Red denotes a leadership position

Cellular GPSBluetooth VoIP Wireless LAN

GbE controller


The Broadcom Advantage

• Broadest communications IC product portfolio

• Focused on growth markets

• Execution and time-to-market

• Track record of winning

• Culture of innovation

• Manufacturing flexibility

• Strong customer base

• Engineering excellence

• Platforms to leverage market convergence

The semiconductor innovatordriving wired and wireless

communications convergence


Q4 2008 Financial Statement Highlights


2008 Highlights

• Record revenue level $4.66 billion up $882 million over 2007

– GAAP EPS increased 11% year-over-year– Cash flow from operations of $920 million

• Gained significant market share in 2008– Revenue grew 23% versus industry (WSTS) which

declined 3% year-over-year– One of the fastest revenue and EPS growth of any

of our semiconductor peers in 2008

• Economic slowdown did impact 4th quarter results– Customers adjusting orders and inventories to try and

align them with a new “estimated” level of demand– No one knows where that level is

• 2009: Shifting focus from profitable growth to protecting cash flow while investing to gain market share

– Goal is to generate more than $75 million in cash flow from operations a quarter

– Taking advantage of downturn to try and increase our lead over our competition

$1,027 $1,032

$1,201$1,298

$1,127

~$837

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009E*

$0.16 $0.14

$0.25$0.31

-$0.32Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

Net Revenue ($ Mil)

*Midpoint of guidance

GAAP EPS


2008: A Good YearGenerating Return on Past Investments

2007 2008

$4,658M

$3,776M

Net Revenue Growth:+23% Y/Y

2007 2008

GAAP EPS Growth:+11% Y/Y

$0.37$0.41


Q4 2008 Economic Slowdown Impacting Broadcom

Q3 2008 Q4 2008

$1,127M

$1,298M

Net Revenue:-13% Q/Q

Q3 2008 Q4 2008

GAAP EPS:NM

$0.31

($0.32)


Operating Performance Metrics

$1,027 $1,032$1,201 $1,298

$1,127

$0

$500

$1,000

$1,500

$2,000

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

GAAP Gross Margin

$182$214 $224

$272

$129

$0

$100

$200

$300

$400

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

5.5% 5.5%10.3% 12.1%

-14.6%-20.0%-15.0%-10.0%-5.0%0.0%5.0%

10.0%15.0%20.0%

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

GAAP Operating Margin

52.5%

53.4%53.8%

52.3%

50.5%

50.0%

51.0%

52.0%

53.0%

54.0%

55.0%

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

Net Revenue ($ Mil) Free Cash Flow ($ Mil)*

*Please see cash flow reconciliation on page 33


GAAP Balance Sheet Metrics

32.7 32.036.4 35.1

30.1

0.0

10.0

20.0

30.0

40.0

50.0

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

DSO Inventory Turns

ROE

6.1

7.7

8.78.78.4

5.05.56.06.57.07.58.08.59.09.5

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

7.5%13.3%11.7%

6.4%

-14.5%-20.0%-15.0%-10.0%-5.0%0.0%5.0%

10.0%15.0%20.0%

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008

ROA

9.0% 7.8%14.6% 16.5%

-17.7%-30.0%-20.0%-10.0%

0.0%10.0%20.0%30.0%

Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008


Broadcom CorporationAudited GAAP Condensed Consolidated Statements of Cash Flows

(In thousands)

Q4'07 Q1'08 Q2'08 Q3'08 Q4'08Operating activitiesNet income (loss) 90,335$ 74,314$ 134,789$ 164,906$ (159,215)$ Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization 18,325 17,992 18,427 19,351 22,466 Stock-based compensation expense: Stock options and other awards 74,935 58,029 57,178 53,684 55,353 Restricted stock units issued by the Company 54,690 55,207 70,330 79,630 79,963 Acquisition-related items: Amortization of purchased intangible assets 4,118 4,118 4,118 4,118 6,895 In-process research and development - 10,900 - - 31,500 Impairment of intangible assets - - 1,900 250 169,443 Impairment of strategic investments and marketable securities (2,960) - 1,760 4,287 - Change in operating assets and liabilities: Accounts receivable 26,730 6,581 (117,396) (21,183) 128,704 Inventory (18,153) 9,911 (34,944) (66,259) (20,881) Prepaid expenses and other assets (18,081) (6,296) 25,054 (20,387) (9,644) Accounts payable (41,451) 46,014 77,815 23,503 (146,716) Accrued settlement liabilities - 10,000 (12,000) - - Other accrued and long-term liabilities 20,825 (46,959) 20,386 44,330 (11,711) Net cash provided by operating activities 209,313 239,811 247,417 286,230 146,157

Investing activitiesNet purchase of property and equipment (27,109) (25,662) (23,405) (16,084) (17,657) Net cash paid for acquisitions and other purchased intangible assets - (19,795) (9,943) (57) (140,746) Sales (purchases) of strategic investments 3,506 (355) - - - Purchases of marketable securities (95,720) (135,937) (202,584) (771,993) (5,190) Proceeds from sales and maturities of marketable securities 270,136 148,183 72,415 291,424 112,004 Net cash provided by (used in) investing activities 150,813 (33,566) (163,517) (496,710) (51,589)

Financing activitiesRepurchases of Class A common stock (328,391) (391,732) (444,131) (23,912) (424,177) Minimum tax withholding paid on behalf of employees for restricted stock units (16,644) (12,130) (13,623) (19,433) (12,875) Proceeds from issuance of common stock, net 134,267 12,314 78,300 23,968 57,271 Excess tax benefits from stock-based compensation - - - - - Payment on assumed debt and other obligations - - - - - Net cash provided by (used in) financing activities (210,768) (391,548) (379,454) (19,377) (379,781)

Increase (decrease) in cash and cash equivalents 149,358 (185,303) (295,554) (229,857) (285,213) Cash and cash equivalents at beginning of period 2,037,214 2,186,572 2,001,269 1,705,715 1,475,858 Cash and cash equivalents at end of period 2,186,572$ 2,001,269$ 1,705,715$ 1,475,858$ 1,190,645$

Unaudited Supplemental Financial InformationCash and cash equivalents 2,186,572$ 2,001,269$ 1,705,715$ 1,475,858$ 1,190,645$ Short-term marketable securities 141,728 90,033 228,418 770,872 707,477 Long-term marketable securities 75,352 114,456 105,513 40,905 - Total cash, cash equivalents and marketable securities 2,403,652$ 2,205,758$ 2,039,646$ 2,287,635$ 1,898,122$ Increase (decrease) from prior quarter end (26,601)$ (197,894)$ (166,112)$ 247,989$ (389,513)$

GAAP net cash provided by operating activities 209,313$ 239,811$ 247,417$ 286,230$ 146,157$ Purchase of property and equipment, net (27,109) (25,662) (23,405) (16,084) (17,657) Free cash flow 182,204$ 214,149$ 224,012$ 270,146$ 128,500$


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