q1 2015 connected car market update - woodside...

Q12015ConnectedCarMarketUpdate

WoodsideCapitalPartners

April2015

I.  ConnectedCarMarket—  ConnectedCarMarketDynamics

—  PublicCompanyMarketMap

II.  RecentDevelopments—  PressReleasesandNewsStories—  TransacEonsandFinancings

III.  M&ATransacEons

IV.  PrivateEquityPlacements

V.  PublicCompanyOverviews

VI.  SelectCompanyProfiles

VII.  WoodsideOverview

VIII.  GlobalReach

IX.  WCPContactInformaEon

TABLEOFCONTENTS

CONNECTEDCARMARKET

4

§  Therewillbe220Mconnectedcarsontheroadby2020,with88MacEvelyusingconnectedservices1

§  ConsumerstodayexpectconnecEvitywherevertheyareandthecarisnoexcepEon

§  VehiclesarebecominganincreasinglylargepartoftheburgeoningInternetofThings(IoT)market—  Oneinfivecarswillhavesomeformof

wirelessnetworkconnecEvityby20202

§  Salesofconnectedcarswillequal$2.3Tin20201

§  Connectedcarhardwareandso[warewillbringin$152BinaddiEonalrevenueby20201

ConnectedCarMarketDynamics

0

50

100

150

200

250

2014E 2015E 2016E 2017E 2018E 2019E 2020E

Num

bero

fCars(M)

ConnectedCarsontheRoad

AcEveUsers BuiltWithConnecEvity

0 10 20 30 40 50 60

MobilityMgmt

VehicleMgmt

Well-Being

Entertainment

Safety

DriverAssistance

$B

RevenuesfromConnectedCarHardwareandSo[ware

(1)BusinessInsider,3/15(2)eWeek,1/15

Source:BusinessInsider

5

PublicCompanyMarketMap

SystemLevel

Tools,CustomSystems

AutoManufacturers

System-level

OSV,Middleware,HardwareandServiceSuppliers

Semiconductors

MobilePlaMorms

HardwareMiddlewareSoNwareServices

Silicon

Integrators

OEMs

RECENTDEVELOPMENTS

7

RecentDevelopments

§  “Ford,Mercedes-BenzSetUpShopinSiliconValley”WallStreetJournal(3/27/15)

§  “AlibabaandSAICMotortoInvest$160MinConnectedCarMarket”SiliconAngle(3/13/15)

§  “AppleCarPlaycomingtoover40newcarmodelsin2015”c|net(3/9/15)

§  “VerizonCommunicaSonsTurningConnectedCarServicesPopular”Apphil(3/9/15)

§  “AT&TtoHookUpItsAutomatedHomeandConnectedCarServices”NewYorkTimes(3/2/15)

§  “IntelIncreasesItsAutoIndustryFocusAsConnectedCarTechnologyGrows”DrivingSalesNews(3/2/15)

§  “ConnectedcarscouldhelpboostCanada’sauto-industrymarketshare:TDEconomics”FinancialPost(3/16/15)

§  “What’sHoldingBacktheConnectedCar?”AppCarousel(3/13/15)

§  “ConnectedCarMarket$190BillionBy2020”RadioInk(3/6/15)

CompanySpecific:

GeneralMarket:

8

RecentDevelopments(conEnued)

§  “IntegratedSiliconAgreesto$640MillionTakeover”WallStreetJournal(3/12/15)

§  “TeletracAndNavmanWirelessMergeToCreateGlobalTelemaScsLeader”FieldTechnologiesOnline(3/3/15)

§  “BoschacquiresdevicesconnecSvityspecialistProSyst”Domain-b(2/16/15)

§  “InvestcorpacquirestelemaScsspecialistArvento”CPIFinancial(2/12/15)

§  “SecurityInnovaSonRaises$4MtoConnectCars,FightHackers”Xconomy(3/30/15)

§  “TTTechRaises50MillionEurostoScaleitsRobustNetworkSoluSonsfortheIndustrialInternetofThingsandAutonomousDrivingCars”

BusinessWire(3/25/15)

§  “ConnectedCarPlabormMojioRaises$8MSeriesARoundLedByTelekomCapital”TechCrunch(3/24/15)

§  “IntelAndINRIXCollaborateOnSmartCiSesPlabormsAndApplicaSonsPoweredByBigData:IntelCapitalMakesInvestmentinINRIX”

YahooFinance(11/4/14)

M&ATransacUons:

PrivatePlacements:

M&ATRANSACTIONS

10

RecentM&ATransacEons

Source:CapitalIQ,451ResearchandWoodsideCapitalPartnersesSmates

Date Acquiror TargetTransactionValue($M)

TV/RevenueMultiple TargetBusinessDescription

03/12/15 SummitviewCapital;HuaCapital;eTownMemTek

IntegratedSiliconSolution

$623.4 1.5x IntegratedSiliconSolution,afablesssemiconductorcompany,designsandmarketsintegratedcircuitsforGPS,telematics,infotainment,backupcameras,lanedeparturewarningsystems,andotherapplications.

01/27/15 LatticeSemiconductor SiliconImage 572.0 1.6 SiliconImageoffersmobileHDlinkandHDmultimediainterfacetransmittersthatenablesmartphonesandtabletstoconnecttoTV's,PCmonitors,automobileinfotainmentsystems,projectors,andaudio/videoreceivers.

01/22/15 HarmanBeckerAutomotiveSystems

RedBendSoftware 200.0 NA RedBendSoftwareoffersmobilesoftwaremanagementsolutionsformobiledevicesandservices.Thecompany’sservicesareusedfordevicemanagementandanalyticsbydevicesoftwaredevelopersandautomotivecompanies.

11/11/14 CoxAutomotive Xtime 325.0 NA Xtimeprovidescloud-basedretentionsolutionsfortheretailautomotiveindustry.Thecompanyoffersasolutionintegratingservicemarketing,servicescheduling,andservicecheck-inforconsumersandservicepersonnel.

11/06/14 MiXTelematics CompassFleetManagement

5.2 NA CompassFleetManagementprovidesfleettelematicsinSouthAfrica.

10/21/14 GoodTechnology Macheen 8.3 NA MacheenoperatesaSaaSplatformthatbringsmobilebroadbandandconnectedservicestotablets,digitalcameras,personalgamingdevices,connectedcars,etc.withoutWiFiandtraditionaldataplans.

10/15/14 Qualcomm CSR 2,376.4 2.7 CSRdesignsanddevelopssemiconductorintegratedcircuits.Thecompanyprovidesmultifunctionsemiconductorplatformsandtechnologiesforautomotiveinfotainment,imaging,voiceandmusic,andBluetoothsmartdevices.

09/30/14 DelphiAutomotive UnwiredTechnology 190.0 NA UnwiredTechnologymanufacturesandsellswirelessRFtransmitters,USBconnectorportsandwirelessbluetoothheadphonesystemsforonboardautomotiveentertainmentsystemOEMs.

09/29/14 SHHoldings;LimeandCompany

Point-I 3.6 3.6 Point-IprovidesmobilesoftwareandsolutionsinSouthKorea.ThecompanyalsoprovidesmobileASPservices,suchaspositioning,telematics,MobileSNS,videooptional,systemintegration,Web,andconsultingservices.

09/02/14 Quindell ConnectedCarSolutions

30.5 NA ConnectedCarSolutionsoffersarealtimetechnologywhichmonitorsdrivinghabitsofmotorists.

07/28/14 StadiumGroup UnitedWireless 23.8 NA UnitedWirelessspecializesinthedesignandmanufactureofmachine-to-machinewirelesssolutionsthatsupportwirelessconnectivitybetweendevicesacrosswirelesstechnology,primarilycellularnetworks.

07/07/14 Invensense TrustedPositioning 19.0 NA TrustedPositioningprovidesmanufacturerswithGPS,Wi-Fiandmulti-sensorenabledindoor/outdoorlocationtrackingsoftwarethatisembeddedintomobiledevicesforvehicularandpersonalnavigation.

06/30/14 LuxoftHolding Mecel(PopulusSuiteAssets)

1.0 NA ThePopulusSuiteassetsofMecelprovideshuman-machineinterfacecommunicationsdevelopmentsoftwareforautomotivemanufacturersglobally.

06/16/14 VodafoneGlobalEnterprise

CobraTelematics 27.1 NA CobraTelematicsprovidestelematicssolutionsfortheautomotiveindustry.

03/12/14 ORBCOMMNetherlands EuroscanHoldings 34.4 NA EuroscanHoldingsprovidestelematicsandloggingsolutionsfordatarecordingandonlinemonitoringinthetransportsector.

11

RecentM&ATransacEons(conEnued)


Date Acquiror TargetTransactionValue($M)

TV/RevenueMultiple TargetBusinessDescription

02/13/14 WABCOHoldings TransicsInternational

$156.4 NA TransicsInternationalprovides-GPSbasedfleetmanagementsystemsforthetransportationsectorinEurope.Systemsconsistofin-vehiclecomputersandadministrativesoftware.

02/04/14 RenovaGroup OctoTelematics 546.9 NA OctoTelematicsmanufacturesClearboxdevicesforcommunication,datacollection,carrentalandfleetmanagement,andmotormanufacturersinItalyandinternationally.

12/23/13 TelitWirelessSolutions ATOPBusiness 9.1 NA ATOPBusinesscomprisesautomotivetelematicsonboardunitplatformsforvehiclemanufacturerswhichenablesthemtoimplementtelematicsserviceslikeeCall.

10/11/13 SierraWireless AnyDATA 5.9 0.6x AnyDATAdesigns,manufactures,andprovidesembeddedwirelesscommunicationmodulesthatenableuserstoaccesstheInternetandconnectedsmartsolutionsforlocationbasedservices,mobile,andautomotiveareas.

10/08/13 ApaxPartners GlobalLogic 420.0 1.7 GlobalLogicprovidesfull-lifecycleproductdevelopmentservicesandoffersBigDataandanalytics,cloud,embedded,mobile,andsecuritytechnologiestoautomotive,infotainmentandvariousotherindustries.

10/08/13 Trakm8Holdings BOXTelematics 6.8 0.5 BoxTelematicsdesigns,develops,manufactures,anddeliversGPSbasedvehicletrackingsolutionstocommercialfleetsandvehicles.

09/26/13 Ford MyineElectronics 10.0 NA MyineElectronicsprovidessoftwareandBluetoothwirelesschipsetsthatenableapplicationstoconnectwithhardwareandbecontrolledbyhardwareforconsumers,businessesandautomotivemanufacturers.

09/09/13 KochIndustries Molex 7,228.6 1.8 Molexengagesinthedesign,manufacture,andsaleofelectroniccomponentsworldwide.Thecompanyoffersautomotiveproductsforinfotainmentandnavigation,powertrain,safetyandchassis,andbodyelectronics.

08/15/13 SiriusXM Agero 530.0 NA Agero'sservicesincludesatellite-basedGPSvehicletracking,ondemandinformationandentertainmentcontentandnavigationassistancefordrivers.

07/01/13 ZENRINDataCom InfoTrackTelematics 4.0 NA InfoTrackTelematicsdesignsanddevelopstelematicsandlocationintelligencesolutionsfortransportationandlogisticscompaniesintheMiddleEastandtheAsiaPacific.

05/30/13 NuanceCommunications TweddleConnect 80.0 12.2 TweddleConnectprovideshostedin-vehicleentertainmentcontentdeliverysoftwareforautomobilemanufacturers.Thecompanydeliverscontentandapplicationsfromthird-partyproviders.

04/10/13 Harman iOnRoad 8.0 NA iOnRoadprovidesamobileGPS-baseddriverassistanceapplicationforiOSandAndroiddeviceusers.Theapplicationusessmartphonecamerastoprovidereal-timesafetyassistanceandcollisionwarnings.

03/19/13 BSMTechnologies AutoVisionWireless 14.0 1.7 AutovisionWirelessoperatesasatelematicscompanyinNorthAmericaandinternationally.

75thPercentile $348.8 2.4x

Mean 480.7 2.8

Median 28.8 1.7

25thPercentile 8.2 1.5

12

RecentM&ATransacEons–ValuaEonNotDisclosed


Date Acquiror Target TargetBusinessDescription03/03/15 Teletrac NavmanWirelessUK NavmanWirelessUKprovidesvehicletrackingandtelematicssolutionstobusinessesintheUnitedKingdom.

02/16/15 BoschSoftwareInnovations ProSystSoftware ProSystSoftwareprovidessoftwareandservicesthatenablethedeploymentofcontentandapplicationsinmobiledevices,smarthome,automotivetelematics,enterprise,andindustrialapplications.

02/11/15 InvestcorpBank ArventoMobilSistemler ArventoMobilSistemlerdesigns,develops,andmanufacturesmobiletrackingtechnologies,telematicsproducts,andM2Msolutions.

12/18/14 ILAG DolphinTechnologies DolphinTechnologiesprovidesautomotivetelematicssystemsforvehicleinsurersglobally.

12/18/14 Harman S1nn S1nnprovidesentertainmentsystemsandsoftwareforautomotivemanufacturersglobally.Alsoprovidesrelatedmobilecontrolapplications.

12/18/14 ILAG DolphinTechnologies DolphinTechnologiesprovidesconsulting,implementation,andfulfillmentservicestocombineinsurancetelematicstechnologywithmarketingautomationandCRMforinsurers.

12/10/14 AkkaTechnologies Auronik Auronikprovidesinfotainmentandnavigationtechnologyfortheautomobileindustry.

12/02/14 u-blox Lesswire(AutomotiveAssets) LesswireprovidesWi-FiandBluetoothshort-rangeembeddedwirelessradiocomponentsandsystemstoenableconnectedcarsandotherM2MwirelessconnectivityforautomotiveandelectronicsOEMs.

12/02/14 TomTomTelematics Fleetlogic Fleetlogicoffersfleetmanagementsoftwaresolutions.

10/29/14 Astrata YameiElectronicsTechnology YameiElectronicsTechnologydesignsandmanufacturesautomotiveremotecontrolsolutions.

10/25/14 Velvac Qualnetics Qualneticsdesignsanddevelopssoftwareforautomobileandcommercialfleetmanagement,trackinganddiagnostics.

09/09/14 PointerTelocation ThalesTelematics ThalesTelematicsprovidestelematicssolutionsthatenablepeople,businesses,andgovernmentstomanagefleetsofvehicles,assets,deliveries,andon-the-roademployees.

09/01/14 Devoteam ProgisSoftware ProgisSoftwaredevelopsgeographicinformationsystemsoftwareapplicationsfortheruralarea-sector.

08/08/14 VINCIEnergies VarsBrno VarsBrnoprovidessystemsfortransportation,assetmanagement,andpublicadministration.

06/04/14 SummitPartners/FleetCor

Masternaut MasternautprovidesGPS-basedfleetmanagement,vehicletrackingandnavigationsystemsandWeb-basedsoftwareforthetransportation,governmentandlogisticssectorsinEurope.

13

RecentM&ATransacEons–ValuaEonNotDisclosed(cont.)


Date Acquiror Target TargetBusinessDescription04/29/14 TomTom DamsTracking DamsTrackingprovidesGPSfleetmanagementandtelematicssoftwareforbusinessesinFrance.

02/24/14 MorganStanley LuxoftHolding LuxoftHoldingprovidessoftwaredevelopmentservices,ITsolutions,andiviLink/smartdevicelinkprotocol,anin-carconnectivitysolutionthatenablesseamlesstwo-wayintegrationbetweenin-vehicleinfotainmentsystems.

02/05/14 Lysanda TrackerNetwork TrackerNetworkprovidesvehicletrackingsystemsforcustomersandbusinessesintheUnitedKingdom.

01/31/14 MentorGraphics Mecel Mecel'sAutomotiveOpenSystemArchitecturedivisionprovidesopenstandardautomotiveembeddedsoftwaresystemsforcarmanufacturers.

01/13/14 Astrata QualcommEnterpriseServicesEurope

QualcommEnterpriseServicesEuropeprovidestelematicsandfleetmanagementsolutionsfortransportandlogisticscompanies.

12/12/13 IdemTelematics FunkwerkEurotelematik FunkwerkEurotelematikdevelopsandoperatessolutionsforthemonitoringandcontrolofvehiclesandvehiclefleets.Thecompanydevelopssoftwarefornavigation,tracking,tracing,andcommunicationapplications.

11/25/13 Omnitracs RoadnetTechnologies RoadnetTechnologiesoffersfleetmanagementsoftwaretoolsandGPStrackingsolutions.

10/04/13 Maruwa Sarantel Saranteldesigns,develops,andmanufacturesminiaturefilteringantennasforhandheldGPSandsatelliteradios.Itsproductsareusedinsatelliteradio,PDAs/PNDs,telematics/trackers,sportsandgames,locationbasedservices,andGPSmodules.

09/10/13 AAMPFlorida Intraphex Intraphexengagesinthedevelopment,manufacture,andmarketingofautomotivetechnologysystemsandoffersplugandplayautomotiveinfotainmentnavigationsystems;andaccessoriesformirrorandnavigationsystems.

05/07/13 GlobalEdgeSoftware DearbornElectronicsIndia DearbornElectronicsprovidesembeddedsoftwareforuseinautomotiveelectroniccontrolunitsandindustrialautomationsystemsforelectronicsmanufacturersglobally.

05/02/13 FEVNorthAmerica DGE DGEoffersvehiclebusinterfaces,automotivenetworkgateways,customautomotivedevelopmenttools,enginesimulators,transmissionsimulators,telematicsvehicledrivesimulators,andvehiclegatewaymodules.

02/21/13 MentorGraphics MontaVistaSoftware MontaVistaSoftwareprovidesembeddedLinux-basedOSsoftwareforuseinonboardautomotivecomputersystemsforautomobilemanufacturers.

01/24/13 TrapezeSoftware MentorEngineering MentorEngineeringprovidesfleetmanagementandmobileworkforcesolutions.

01/08/13 T&NTelekom&Netzwerk TelefonbauSchneider TelefonbauSchneiderdevelopsandmarketscommunicationsolutionsandinfotainmentsystems.

PRIVATEEQUITYPLACEMENTS

15

SelectedPrivatePlacementAcEvity


Date Company Amount($M) Investors BusinessDescription03/26/15 SecurityInnovation $4.0 BrookVenturePartners SecurityInnovationprovidessecuritysoftwarethatconnectscarsandprogramstoteachemployeeshowtoavoidsecurity

breaches

03/25/15 TTTech 54.7 Audi;GE;InfineonTechnologies TTTechprovidesnetworkedsafetycontrolsforautomotive,aerospace,off-highway,energyproduction,railwayandindustrialmarkets.

03/24/15 Mojio 8.0 T-VentureHolding;BDCVentureCapital;RelayVentures

Mojioprovidesacloud-connectedcellularandGPSdevicethatconnectstovariouscarsforinsightsintowhat’shappeningunderthehoodandbehindthewheel.

12/26/14 Join-LinkInternationalTechnology

18.8 Wistron Join-LinkInternationalTechnologymanufacturescarinfotainmentsystemsforthecarindustry.

11/04/14 INRIX 10.0 IntelCapital INRIXisabigdatatechnologycompanythatprovidesreal-timetrafficinformation,transportationanalytics,andconnecteddriverservices.

10/21/14 NanjingSampleTechnology 67.1 NanjingSampleTechnologyGroup NanjingSampleTechnologyprovidesvisualidentification,radio-frequencyidentificationtechnologiesandtelematicsservices,whichcomprisereal-timetraffic,parkingguidance,andtrafficinformationservices.

08/07/14 Zubie 8.0 MagnaInternational;Comporium;NokiaGrowthPartners

Zubieprovidesakeytotrackvehicles,checkenginelightinterpretation,detectlowbattery,monitorandcoachdrivingscore,andcompetewithfriendsusingleaderboards.

04/02/14 JasperTechnologies 50.0 TemasekHoldings JasperTechnologiesdevelopscloudplatformsthatenableenterprisestomonetizeIoTservicebusinessesandgivesautomotiveOEMsglobalvisibilityandcontrolovertheactivityoftheirconnectedvehiclesonthewirelessnetwork.

03/31/14 AltranTechnologies 5.9 Altamir AltranTechnologiesprovidesengineeringconsultingservices.Itofferssolutionsforembeddedandreal-timesystemssuchasautonomoussystems,smartphones,connectedcars,advancedairtrafficcontrol,andsmartsensors.

03/10/14 RimacAutomobili 12.5 ChinaDynamics;IntegratedAssetManagement

RimacAutomobiliengagesinthedesign,development,andmanufactureofelectricvehicles,drivetrains,andbatterysystems.Itsproductsincludeinfotainmentsystems,lowvoltageelectricsystems,andauxiliarysystems.

03/05/14 INRIX 55.0 PorscheAutomobilHolding INRIXisabigdatatechnologycompanythatprovidesreal-timetrafficinformation,transportationanalytics,andconnecteddriverservices.

02/28/14 Hakuto 2.2 TheMasterTrustBankofJapan Hakutodistributeselectronicandelectricequipment,semiconductordevices,andelectroniccomponents.ItselectroniccomponentscompriseEMI,thermal,antennaandreception,andwirelessM2Mandtelematicssolutions.

12/11/13 UIEvolution 8.0 IntelCapital;ShawVentures UIEvolutionprovidessoftwaresolutionsandservicesthatconnectbrandswiththeircustomers.It'sproductsconnectdriversandtheirvehicles,aswellasallowsautomotiveOEMsandcontentproviderstodrivecustomersatisfaction.

12/04/13 Zenhavior 0.0 PlugandPlayTechCenter Zenhavioroffersasmartphone-basedtelematicssolutionfordriverbehaviormonitoringandanalytics.

10/09/13 Telepath 0.8 EnterpriseVentures;TheNorthWestFund

Telepathfocusesondevelopingandimplementingtelematicsandbusinessintelligencetechnologysolutionsforbusinesses.

16

SelectedPrivatePlacementAcEvity(conEnued)


Date Company Amount($M) Investors BusinessDescription09/23/13 W-locate 1.6 PTRHBOSKAssetManagement W-locateisalocationtechnologycompanythatprovidestrackingsolutionsforvehiclefleetandworkforcemanagement

applications.Itssolutionscombinetrackingandtelematicstechnologieswithbusinessanalytics.

09/16/13 Zubie 10.0 Comporium;OPENAIREquityPartners;CastrolInnoVentures

Zubieprovidesakeytotrackvehicles,checkenginelightinterpretation,detectlowbattery,monitorandcoachdrivingscore,andcompetewithfriendsusingleaderboards.

08/05/13 DrivewaySoftware 1.3 KernelCapital;IMI.VC;AltairCapitalManagement

DrivewaySoftwareprovidessmartphone-basedtelematicssolutionsfortheusage-basedautoinsurancemarket.

05/29/13 Kerlink 1.9 Sudinnova;CM-CICCapitalInnovation

KerlinkdevelopsandmarketsM2McommunicationsolutionsthatconnectremoteequipmenttoITsystems.Itsproductsallowfortelemetricandtelecollection,roamingandembeddedtelematicsapplicationsformanagingfleet.

05/16/13 W-locate 0.5 TNFVentures W-locateisalocationtechnologycompanythatprovidestrackingsolutionsforvehiclefleetandworkforcemanagementapplications.Itssolutionscombinetrackingandtelematicstechnologieswithbusinessanalytics.

04/24/13 RuetzTechnologies NA S-PartnerKapital RuetzTechnologiesprovidesspecialistengineeringservices.Thecompanyalsoengagesinthedesign,development,integration,andimplementationofinfotainmentsolutionsforvehicles.

04/01/13 Airbiquity NA NXTCapitalVentureFinance Airbiquityprovidesconnectedvehicleservicesandautomotivetelematicstechnologysolutions.

02/01/13 LoksysSolutions 0.8 EnterpriseVentures;TheNorthWestFund

LoksysSolutionsdevelopsaportfolioofsecurityandtrackingdevicesfortheintermodalfreightandroadtransportsystems.

PUBLICCOMPANYOVERVIEW

18

StockPricePerformanceofSystemLevelCompaniesvs.NASDAQ

Source:CapitalIQresearchasofMarch24,2015

NASDAQCompositeIndex

Index:Alpine,Bosch,Clarion,ConEnental,Delphi,Denso,Harman,JVC,LG,MitsubishiElectric,Mobileye,Pioneer,Siemens,SeeingMachines,SiriusXM,TRW,Verizon,Visteon,Voxx

90%

95%

100%

105%

110%

115%

120%

19

PublicCompanyOverview

Semiconductors

Note:NumberofacquisiSonssince2008 Source:CapitalIQandWoodsideCapitalPartnersesSmates AsofMarch24,2015

Company MarketCap Cash Debt Acquisitions BusinessDescription$27,087 $3,606 $1,593 15 Broadcomprovidessemiconductorsolutionsforwiredandwirelesscommunications.

148,284 14,401 13,729 51 Inteldesigns,manufactures,andsellsintegrateddigitaltechnologyplatforms.

8,032 2,530 0 4 Marvelldesigns,develops,andmarketsanalog,mixed-signal,digitalsignalprocessing,andembeddedandstandaloneARM-basedmicroprocessorintegratedcircuits.

12,905 4,623 1,398 7 Nvidiaprovidesgraphicschipsforuseinsmartphones,personalcomputers,tablets,andprofessionalworkstationsmarkets.

25,126 1,185 3,999 8 NXPprovidesmixedsignalsolutionsandstandardproducts.

115,535 17,788 0 30 Qualcommdesigns,develops,manufactures,andmarketsdigitaltelecommunicationsproductsandservices.

12,132 2,808 2,188 2 Renesasengagesintheresearch,development,design,manufacture,sale,andservicingofsemiconductorproducts.

8,501 2,351 1,805 5 STMicroelectronicsengagesinthedesign,development,manufacture,andmarketingofarangeofsemiconductorintegratedcircuitsanddiscretedevices.

62,075 3,541 4,642 10 TexasInstrumentsengagesinthedesignandsaleofsemiconductorstoelectronicsdesignersandmanufacturers.

20

PublicCompanyOverview(conEnued)

Tools,CustomSystems

Note:NumberofacquisiSonssince2008

Company MarketCap Cash Debt Acquisitions BusinessDescription$243 $206 $0 NA AccessprovidesmobilecontentdeliveryandInternetaccesstechnologiesworldwide.

17,461 1,423 436 27 DassaultSystemesprovidesvariousthreedimensionssoftwareapplicationsandservicesworldwide.

171 26 0 NA Eneaprovidesreal-timeoperatingsystems,andsupplementarysoftwareandservices;andtechnicalconsultancyservices.

9,493 1,364 0 12 Garmindesigns,develops,manufactures,andmarketsGPSenabledproductsandothernavigation,communication,andinformationproducts.

21,836 1,510 99 1 HCLprovidessoftware-ledITsolutions,remoteinfrastructuremanagement,engineering,researchanddevelopmentandbusinessprocessoutsourcingservices.

1,154 61 0 11 Huaweiisengagedintheresearchanddevelopment,design,manufacture,andmarketingoftoyseriesthatintegratebotheducationalandentertainmentfunctionsinChina.

3,532 190 686 NA iGATEprovidesoutsourcedinformationtechnologyandIT-enabledoperationssolutionsandservices.

40,963 5,319 0 3 Infosysprovidesbusinessconsulting,technology,engineering,andoutsourcingservices.

2,372 72 22 NA Melexisdesigns,develops,tests,andmarketsmixedsignalsemiconductors,sensorintegratedcircuitsandprogrammablesensorICsystemsforconsumer,medical,andindustrialmarkets.

2,838 230 238 20 MentorGraphicsprovideselectronicdesignautomationsoftwareandhardwaresolutionstoautomatethedesign,analysis,andtestingofcomplexelectro-mechanicalsystems.

28,625 9,604 3,301 14 Nokiaprovidestelecommunicationsinfrastructurehardware,software,andservices.

87,057 4,078 13,418 25 Sybaseprovidesdatamanagement,analytics,mobilemessaging,andenterprisemobilitysolutions[SAPFinancials].

Source:CapitalIQandWoodsideCapitalPartnersesSmates AsofMarch24,2015

21


Tools,CustomSystems(conUnued)


Company MarketCap Cash Debt Acquisitions BusinessDescription$7,243 $917 $303 20 Synopsysprovidescoreelectronicdesignautomationsolutions.

82,103 2,478 53 5 Tataprovidesinformationtechnologyservices,businesssolutions,andoutsourcingservices.

331 128 0 4 TeleNavprovidespersonalizednavigationandlocationbasedservices.

1,788 185 59 4 TomTomprovideslocationandnavigationproductsandservices.

6,718 148 738 51 Trimbleprovidestechnologysolutionstoincreasetheworkprocessesofofficeandmobilefieldprofessionalsworldwide.

148,284 14,401 13,729 49 WindRiverprovidesembeddedandmobilesoftware(IntelCorpfinancials).

25,385 3,676 1,101 10 Wiproprovidesinformationtechnologyproductsandservices,andconsumercareandlightingproducts.

Company MarketCap Cash Debt Acquisitions BusinessDescription$727,802 $32,664 $36,403 30 Appledesigns,manufactures,andmarketsmobilecommunicationandmediadevices,personal

computers,andportabledigitalmusicplayers.

5,077 2,771 1,657 20 BlackBerryprovideswirelesscommunicationssolutionsworldwide.

379,836 62,633 8,015 138 Googlebuildsproductsandprovidesservicestoorganizetheinformation.

192,536 56,576 10,321 50 Samsungengagesinthemanufacture,distribution,andsaleoffinishedelectronicproductsanddevicesolutions.

PlaMorm


22


SystemLevel


Company MarketCap Cash Debt Acquisitions BusinessDescription$1,125 $448 $0 1 Alpinedevelops,manufactures,andsellsaudioproductsforautomobiles,andinformationand

communicationproductsinJapanandinternationally.

48,848 4,389 7,785 NA BoschmanufacturesandtradesinautomotiveproductsinIndiaandinternationally.

827 77 291 1 Clarionmanufacturesandsellsin-vehicleequipmentinJapan,theAmericas,Europe,China,India,andotherASEANcountries.

23,277 904 2,451 9 Continentalprovidesvariousproductsandservicesprimarilyfortheautomotiveindustryworldwide.

38,849 7,715 3,376 4 Delphimanufacturersvehiclecomponents;andprovideselectricalandelectronic,powertrainandsafetysolutionstotheautomotiveandcommercialvehiclemarketsworldwide.

9,369 513 415 14 Densosuppliesautomotivetechnology,systems,andcomponentsforautomakersworldwide.

9,257 2,118 8,248 11 Harmandevelops,manufactures,andmarketsaudioproductsandelectronicsystems,aswellasdigitallyintegratedaudioandinfotainmentsystemsfortheautomotiveindustryworldwide.

424 402 615 8 JVCengagesinthecarelectronics,professionalsystems,opticalandaudio,andentertainmentsoftwarebusinessesinJapan,theUnitedStates,Europe,Asia,andinternationally.

26,206 3,778 3,221 12 LGisengagedinthemanufactureandsaleofconsumerelectronicsundertheLGnameworldwide.

690 374 644 12 MitsubishiElectricmanufacturesandsellselectricalandelectronicproductsandsystemsworldwide.

9,637 373 0 NA Mobileyedesignsanddevelopssoftwareandrelatedtechnologiesforcamera-basedadvanceddriverassistancesystemsprimarilyinIsrael.

13,564 404 12 2 Pioneerisengagedinthedevelopment,manufacture,andsaleofelectronicproductsprimarilyinJapan,NorthAmerica,Europe,China,andinternationally.


23


SystemLevel(conUnued)


Company MarketCap Cash Debt Acquisitions BusinessDescription$91,147 $14,483 $28,063 35 Siemensoperatesasanelectronicsandelectricalengineeringcompanyworldwide.

74 17 0 0 SeeingMachines,atechnologycompany,providescomputervisionbaseddrivermonitoringsystemsoftwareworldwide.

1,092 207 1 5 SierraWirelessprovidescellularwirelesssolutionstothemachine-to-machineandconnecteddevicemarketsinNorthAmerica,Europe,andtheAsiaPacific.

22,214 148 4,501 1 SiriusXMprovidessatell iteradioservicesintheUnitedStates.

12,055 1,031 1,578 2 TRWdesigns,manufactures,andsellsautomotivesystems,modules,andcomponentstoautomotiveOEMsandrelatedaftermarkets.

205,942 11,153 113,487 4 VerizonTelematicsprovidesconnectedservicesforautomobiles.Thecompanydevelopsandmanagesvehicle-anddriver-centricsolutions.[FinancialsfromparentcompanyVerizon]

4,391 822 981 4 Visteondesigns,engineers,andmanufacturesproductsfororiginalequipmentvehiclemanufacturersworldwide.

214 12 103 4 Voxxoperatesasamanufactureranddistributorintheautomotive,premiumaudio,andconsumeraccessoriesindustriesintheUnitedStatesandinternationally.


24

PublicCompanyOverview

OriginalEquipmentManufacturers


Company MarketCap Cash Debt Acquisitions BusinessDescription$81,198 $13,665 $93,816 4 BMWdevelops,manufactures,andsellscarsandmotorcyclesworldwide.

103,632 7,737 104,931 23 Daimlerdevelops,produces,distributes,andsellspassengercarsandoff-roadvehicles,trucks,vans,andbusesworldwide.

20,967 27,954 40,884 2 FiatChryslerdesigns,engineers,manufactures,distributes,andsellsvehiclesandcomponents.

65,550 21,702 119,171 4 Fordmanufacturesanddistributesautomobilesworldwide.

62,595 25,176 46,841 8 GMdesigns,builds,andsellscars,crossovers,trucks,andautomobilepartsworldwide.

62,260 11,115 57,771 2 Hondamanufacturesandsellsmotorcycles,automobiles,andpowerproducts.

33,467 23,778 49,718 10 Hyundaimanufacturesanddistributesmotorvehiclesandpartsworldwide.

44,734 7,150 57,016 4 Nissanmanufacturesandsellsautomotiveproducts,marineproducts,andrelatedpartsinJapanandinternationally.

26,189 16,077 44,279 9 Renaultdesigns,manufactures,andsellsvehiclesworldwide.

24,911 1,906 2,541 2 Tesladesigns,develops,manufactures,andsellselectricvehicles,electricvehiclepowertraincomponents,andstationaryenergystoragesystems.

229,732 37,900 160,679 14 Toyotadesigns,manufactures,assembles,andsellspassengercars,minivans,commercialvehicles,andrelatedpartsandaccessoriesinJapan,NorthAmerica,Europe,Asia,andinternationally.

125,507 34,260 131,510 18 VolkswagenmanufacturesandsellsautomobilesprimarilyinEurope,NorthAmerica,SouthAmerica,andtheAsia-Pacific.


SELECTEDCOMPANYPROFILES

26

SelectCompanyProfiles

TTMRevenue:$7.3InvestedCapital:$35.4MAmountLastRound:

$10.4MDateofLastRound:9-13-12NotableInvestors:

IgniUonPartnersAcornVenturesEmployees:114Headquarters:Seaale,WAKeyCustomers:

AirbiquityprovidesconnectedvehicleservicesandautomoEvetelemaEcstechnologysoluEons.ThecompanyoffersacarservicesplaoormthatconnectsvehiclesandprocessestransacEons,aporoolioofsmartphoneapplicaEonsandcloudcontentthatoffersdriverswithaconnectedcarexperienceanditsplaoormalsoprovidesconnecEvityandintegraEonforcardrivers;lifecyclemanagementservicesformanagementofconnectedcarprograms;andenduserandcallcentermanagement,andbusinessintelligenceservices.

ü RecentlysecuredamulU-yearpartnershipwithAT&T

ü AirbiquityChoreo™isusedbyNissan,InfiniU,FCA,FordandRenault

ü AirbiquityplaMormsupports5millionvehiclesin50+countries

û  LimitaUonswithAppleCarPlay

TTMRevenue:NAInvestedCapital:UndisclosedAmountLastRound:

UndisclosedDateofLastRound:1-14NotableInvestors:

YCombinatorEmployees:10Headquarters:SanFrancisco,CAKeyCustomers:NA

CruiseAutomaEondevelopsCruiseRP-1,ahighwayautopilotsystemforcars.Thecompany’sproductsfeatureprecisionsteering,carandlanetracking,adapEvespeedcontrol,andcollisionavoidance.

ü Thefirstcompanytoofferaproducttothepublicwithself-drivingcapabiliUes

û  SmallProducUon:OnlyavailableforAudi;only50releasedinthefirstrun

û  OnlyprogrammedforhighwaysintheSanFranciscoBayArea

FinancialSnapshot($M)CompanyDescripUon OpportuniUes/Challenges

GEOSemiconductorprovidesgeometricprocessing,imagesignalprocessing,andvideocompressionsoluEonstoaddressvariouscameraandprojecEonproducts.ItoffersageometricprocessingengineforcorrecEngdistorEonsinultra-wideanglecamerasandprojecEonsystems,cloudso[waresoluEonsthathelpcompaniestoconnectandmanagetheirvideoproductsthroughthecloudtosmartphonesandtablets.

TTMRevenue:NAInvestedCapital:$33.9MAmountLastRound:


PanasonicMontageCapitalEmployees:72Headquarters:SantaClara,CAKeyCustomers:

ü Currentlyraising$25-30MtoentertheautomoUveandIoTcameramarkets

ü Recentlypartneredwithlow-powerWi-Fi“System-on-a-Chip”supplierGainSpan

û  AutomoUveindustryhasalongadopUonperiodfornewtechnology

27

SelectCompanyProfiles(conEnued)

Inrixisabigdatatechnologycompanythatprovidesreal-EmetrafficinformaEon,transportaEonanalyEcs,andconnecteddriverservices.ThecompanyoffersasoluEonthatoffersreal-EmeandpredicEvetrafficinformaEon,INRIXXDIncidentsthatimmediatelydetectsincidentsandroadclosuresandconnectedcarservicesincludingparking,fuelPOI,pricing,localsearchandgeocoding,trafficcameras,rouEngandinter-modalrouEng,driveEmesanddriveEmepolygons,EVrangefinderandchargingstaEons,andweatheralerts.

TTMRevenue:$3.6MInvestedCapital:$143.1MAmountLastRound:

$10MDateofLastRound:11-5-14NotableInvestors:

IntelCapitalKPCBEmployees:278Headquarters:Kirkland,WAKeyCustomers:

ü Received$55MfromPorscheatavaluaUonof$550MinQ32014

ü Expandingpasttrafficdataintoconnectedcarservices

ü Volkswagen,BMW,Ford,BBC,TheWeatherChannelanddozensofTVandradiostaUonsuseINRIXtrafficdata

û  VerycompeUUvemarket

Mojioprovidesacloud-connectedcellularandGPSdevicethatconnectstovariouscarsforinsightsintowhat’shappeningunderthehoodandbehindthewheel.Thedeviceincludesawaytosafelyconnect–orreconnect–withfamilyandfriendswhileaclientisonthegothroughpersonalizedprompts,messages,andgeo-locaEonfeatures;andavirtualdrivingassistantreadytoanalyzeandinterpretdatafromclient’scar.

TTMRevenue:NAInvestedCapital:$10.3MAmountLastRound:

$8MDateofLastRound:3-24-15NotableInvestors:

500StartupsDeutscheTelekomEmployees:25Headquarters:Vancouver,BC,CanadaKeyPartnerships:

ü Recentlylaunchedplug-incarmodulethatconnectsunconnectedcarsusingAT&TandTelusnetworks

ü Raised$8MinSeriesAfundingledbyTelekomCapital

û  Carmodulerequires$5monthlyfee;consumerspayforconstantconnecUon,notdataplan

FinancialSnapshot($M)CompanyDescripUon OpportuniUes/Challenges

OpenCarprovidesaplaoormforin-vehicleapplicaEondevelopment.ThecompanyoffersOpenCarSDKthatprovidestemplatesforawidevarietyofapplicaEoncategories,OpenCarTelemaEcsthatallowsstandardizedandsecuredaccesstoautomoEvetelemaEcs,OpenCarInsideTrackthatprovidescomprehensivedevelopersupport,OpenCarAppCerEficaEonthatallowsforpublisherstoquicklymeetqualityandsafetystandardsandOpenCarAppLifecycleAnalyEcsthatenablesautomakerenterprisesystemintegraEonforinsightsaboutdrivers,cars,diagnosEcsandperformance.

TTMRevenue:NAInvestedCapital:NAAmountLastRound:

NADateofLastRound:NANotablePartnerships:

MazdaEmployees:15Headquarters:Seaale,WAKeyPartnership:

ü RecentlybecamestrategicpartnerswithMazda

ü NewVPhelpeddeliverinfotainmentsoluUonsforToyota,Lexus,Chrysler,Fordandmore

ü ParUcipatesintheAutomoUveandWebPlaMormBusinessGroup

û  Open-sourcerepresentsasmallerporUonofthemarket

28


FinancialSnapshot($M)CompanyDescripUon OpportuniUes/ChallengesSygicprovidesnavigaEonso[waretocustomersworldwide.ThecompanyoffersanofflinenavigaEonapplicaEonforAndroidOSandiOS,professionalnavigaEonsoluEonsandajobmanagementtoolthatallowsuserstocreateandassignjobstotheirmobileworkforce,tracktheirdrivers,andseejobprogressinreal-Eme;andspecificautomoEvesoluEons.

TTMRevenue:NAInvestedCapital:UndisclosedAmountLastRound:

UndisclosedDateofLastRound:NANotableInvestors:

NAEmployees:115Headquarters:BraUslava,SlovakiaKeyCustomers:

ü Theworld’smostdownloadedofflinenavigaUonapp~60M+downloads

ü Acquiredturn-by-turnGPSnavigaUonapplicaUonBe-On-Road

û MarketcurrentlydominatedbymajorplayersAppleandGoogle

Telogisprovidesacloud-basedlocaEonintelligenceso[wareplaoorm.Thecompany’splaoormsoluEonsincludeTelogisFleetthatprovidesreal-EmelocaEonandstatusforvariousassetsononedashboard,aSo[ware-as-a-ServiceworkordermanagementsoluEon,TelogisMobilethatenablescompaniestostayconnectedtotheirworkersandTelogisRoutethatreducesmilesandtravelEmeswithopEmizedplannedroutesandinstantreroutes,aswellasactualvs.plannedreporEng.

TTMRevenue:NAInvestedCapital:$95MAmountLastRound:

UndisclosedDateofLastRound:10-27-14NotableInvestors:

GMVenturesKPCBEmployees:551Headquarters:AlisoViejo,CAKeyCustomers:

ü Co-Developed,withFord,anOEMtelemaUcssoluUonforlawenforcementvehicles

ü ReceivedastrategicinvestmentfromGMVentures

ü RecentlypartneredwithVolvoTrucks

û  InvestmentfromautovendorsmayrestrictexitopportuniUes

SeeingMachinesprovidescomputervisionbaseddrivermonitoringsystemso[wareworldwide.Thecompany’sso[wareandengineeringservicesareusedinproductsandapplicaEonsthatrangefromdevicesthatimprovedriversafetyandsavelivestoassessingtraineesinsimulatorsandsimplifyingtherelaEonshipsbetweenpeopleandtechnology.ItsproductsincludeDSSproductsuitetodetectandmanagedriverfaEgueanddistracEon,includingconEnuedmarketdevelopmenttosecurechannelstomarketfortheproduct;andFOVIOresearchplaoormforeyegazetracking.

TTMRevenue:$13MInvestedCapital:$9.5MAmountLastRound:

$8.7MDateofLastRound:12-05(IPO)NotableInvestors:

VolvoEmployees:90Headquarters:Canberra,AustraliaKeyPartnerships:

ü SignedadealwithCaterpillartoprovide24/7monitoringandanalyUcstotheircustomersusingSeeingMachines

ü RecentlysignedpartnershipswithTakataandSamsungMicro-Electronics

ü Currentlyhasaquarterofit’smarketcap–$22.2M–inliquidcash

û  Early-stagetechnologycompany;longadopUonperiod

29


FinancialSnapshot($M)CompanyDescripUon OpportuniUes/ChallengesTTTechprovidesnetworkedsafetycontrolsforautomoEve,aerospace,off-highway,energyproducEon,railwayandindustrialmarkets.Itofferselectroniccontrolunits,tesEngtools,automoEveEthernet,andserviceandsupport,aswellassafetyso[warefortheautomoEveindustry;visualizaEon/HMIinterfaces,determinisEcEthernetswitches,ruggedboardsandendpoints,anddevelopmentandtestequipment;andflightandruggedhardware,includingswitches,endsystems,andcomponents.

TTMRevenue:$38.1MInvestedCapital:$54.7MAmountLastRound:


AudiGEEmployees:400Headquarters:Vienna,AustriaKeyCustomers:

ü MulU-DisciplinaryPartnershipwithAuditopushautonomoustechnology

ü PartneredwithWindRivertodevelopautonomousdrivingandautomoUveapplicaUons

ü Recentlyraised€50MfromGEandInfineonTechnologies

û  AllmodulesmustobtainAutomoUveSafetyIntegrityLevel(ASIL)cerUficaUon;slowingR&D

WOODSIDEOVERVIEW

31

§  Aglobal,independentinvestmentbankthatdeliversworld-classstrategicandfinancialadvicetoemerginggrowthcompaniesintheSo[ware,HardwareandInternetsectors

§  Foundedin2001;over$8billionintransacEonvalue

§  M&A,strategicpartnershipandcorporatefinanceadvisoryin:̶  TelecomandNetworking̶  So[wareandInternetTechnologies̶  DigitalMediaandAdverEsing̶  Semiconductors,ElectronicsandComponents̶  Cross-borderTransacEons

§  SiliconValley-based,withofficesinLondon

§  WCPResearch–offerstechnologyresearchservingbuy-sideinsEtuEonalinvestorsandtechnologyindustryexecuEves

§  25professionals:backgroundsasentrepreneurs/CEOsandfromtopinvestmentbanks

§  SiliconValleyheadquartersofM&AInternaEonal

WoodsideCapitalPartners–WhoWeAre

32

WCP’sMASiV&TM&AEurope

RepresentaUve2014Aaendees:

ConsumerInternetandMobile:AndreessenHorowitz–JamieMcGurk,PartnerDeloiwe–GarrewHerbert,Partner,M&AGoogle–DaveSobota,SrDir,CorpDevIntuit–KevinJacques,Director,CorpDevOperaSo[ware–ErikHarrell,CFOSquare–RishiGarg,Head,CorpDevTelefonicaDigital–JenniferVancini,SrDir,BusDevVISA–LesterLiu,GlobalM&AandCorpDevYahoo!–StevenFan,MobileCorpDevCloudandEnterprise:Autodesk–DavidHindley,SrDir,CorpDevBox–NiallWall,SVP,BusinessandCorpDevBMCSo[ware–ClarenceHinton,VP,CorpDevCitrix–MikeCrisEnziano,CorpVPEMC–MawOlton,SVP,CorpDevIBM–ClaudiaMunce,VP,StrategyandVentureSalesforce–JohnSomorjai,SVP,CorpDevSamsung–KevinMorrow,VP,Partnership&BusDevSAP–MontyGray,CorpDevSAPCloud–RoyNg,SVPandCOOStormVentures–JasonLemkin,ManagingDirector

33

WCPhostsGSAGlobalSemiconductorAllianceconference

FeaturedSpeakers:BestBuy–RobertStephens,formerCTOCEA–GaryShapiro,President&CEOOracle–SridharVajapey,VP,HardwareEngineeringOUYA–JulieUhrman,CEORoku–JimFunk,VP,ProductManagementSamsungElectronicsN.A.–Dr.DavidSteel,EVP,StrategySynopsys–Dr.AartdeGeus,Chairman&CEO

WCPForgingCloseIndustryRelaEonships

GLOBALREACH

35

WCP:AGlobalPerspecEve

SelectedWoodsideCapitalPartnersEngagementsSelectedWoodsideCapitalPartnersAcquiror/StrategicPartners

Colorado(2)

SFBayArea(45)SFBayArea(27)

UK(14)UK(4)

Ireland(3)

Tokyo(3)

SingaporeSingapore(2)

Denmark

NewYork(2)NewYork(3)Maryland(2)NewJersey(3) Shenzhen

Redmond(2)

Missouri(2)

SaltLakeCity(2)

France

Sweden

SanDiegoSanDiego(2)

Minneapolis

CalgaryPennsylvania

HongKong

Germany

LosAngeles(4)LosAngeles AusEn(3)

AusEnGeorgia(4)

Pennsylvania(4)

Houston(2)

Boston(4)Boston

ShanghaiSwitzerland(2)

IrelandGermany

Portland

Virginia(2)

Bangalore

Malaysia

Taiwan(2)

Kyoto

Shenzhen

Illinois(2)OhioOhio

Florida

WashingtonD.C.

France(2)

MinnesotaIllinois

GeorgiaSaudiArabia

Minnesota

Tokyo

Vermont

Osaka

36

M&AInternaEonalGlobalCoverage

0 20 40 60 80 100 120 140 160 180 200

PWC

Lazard

MorganStanley

GoldmanSachs

Ernst&Young

Rothschild

Deloitte

MAIInternational

KPMG

PwC

ChartTitle

WoodsideCapitalisamemberofM&AInternaUonal,theworld’sleadingM&Aalliancesince2001

§  M&AInternaEonalhas45membersin39countriesinAmerica,Europe,Asia,SouthAfricaandAustralia

§  ThemembersM&AInternaEonaladvisedon336transacEonsin2013,including70cross-borderdeals,foratotalvalueofUS$18.2billion

§  M&AInternaEonalistheleadingM&AalliancebyvolumefortransacEonsbetweenUS$5-250million

DealscompletedfromUS$5-250million.Source:www.mergermarket.comM&AInternaEonalInc.

GlobalMid-Market–2014byVolume(valueinUS$)

No.ofTransacSons

PwC

KPMG

M&A International

Deloitte

Rothschild

Ernst & Young

Morgan Stanley

Goldman Sachs

Lazard

165

150

97

95

66

56

62

53

50

(16.6B)

(19.9B)

(6.3B)

(14.6B)

(23.1B)

(11.3B)

(23.3B)

(20.0B)

(15.4B)

(17.3B)

175

JP Morgan

37

AdvantagesofM&AInternaEonal

§  M&AInternaEonaliscomposedof45memberfirmsthroughouttheworld

§  MembersareleadingM&Aadvisoryfirmsintheircountriesandregions

§  EachM&AInternaEonalfirmhasampleexperience,industryknowledgeanddeepaccesstothecorporatesegmentoftheirmarkets

§  ThisnetworkprovideseachmemberfirmwithuniquecoverageandresourcestoidenEfyandcontactpotenEalbuyersorinvestorsforcompaniesbeingsoldbyWoodsideCapital

LocalKnowledge

andExecu;on

GlobalCoverage

IndustryExper;se

WoodsideCapitaloffersextensiveknowledgeofthelocalandregionalmarketscoupledwithhighqualityexecuSoncapabiliSes.

ThroughM&AInternaSonalweareposiSonedtoprovideourclientswithglobalcoverageandanunparalleledaccesstoglobalstrategicplayers.

M&AInternaSonalmemberfirmsindustryexpertsandlocalrelaSonshipspermitourfirmtoidenSfyandcontactpotenSalinvestorsinyourindustry.

WCPCONTACTINFORMATION

39

WCPContactInformaEon―MainContacts

TriciaSalineroPartner,ManagingDirector

[email protected]

GregMischouPartner,ManagingDirector

[email protected]

AmarSenanManagingDirector+16505132768

[email protected]

KirkBloedeManagingDirector+16505132761

[email protected]

ShusakuSumidaManagingDirector+16505132760

[email protected]

RudyBurgerManagingPartner+16505132755

[email protected]

40

WCPContactInformaEon―AddiEonalTeam

MikePowellPartner,ManagingDirector

[email protected]

RonHellerManagingDirector+16505132762

[email protected]

InduNavarManagingDirector+16505132774

[email protected]

KellyPorterPartner,ManagingDirector

[email protected]

JonThomasManagingDirector+16505132763

[email protected]

PerSelbekkManagingDirector

[email protected]

RohanJainAnalyst

[email protected]

QasimMirzaAnalyst

[email protected]

MonicaMarianiVicePresident+16505132773

[email protected]

EvanPopeAnalyst

[email protected]

RezaHelaliAssociate

[email protected]

41

SiliconValleyandUKPresence

SiliconValleyOffices1530PageMillRoad,Suite200PaloAlto,California94304Tel:+16505132775UKOfficesRiverbankHouse2SwanLane,7thFloorLondon,EC4R3TT

Tel:+442079290248

DISCLAIMER

42

Disclaimer:TheInformaEonandopinionsinthisreporthavebeenpreparedbyWoodsideCapitalSecuriEes,LLC.Thisreportisforourclientsonly.ThisreportisintendedonlyforthepersonalandconfidenEaluseofthedesignatedrecipient(s).IfyouarenottheintendedrecipientofthisreportyouareherebynoEfiedthatanyreview,disseminaEon,distribuEonorcopyingofthisreportisstrictlyprohibited.FurtherinformaEononanyoftheabovesecuriEesmaybeobtainedfromouroffices.ThisreportispublishedsolelyforinformaEonpurposes,andisnottobeconstruedasanoffertosellorthesolicitaEonofanoffertobuyanysecurityinanystatewheresuchanofferorsolicitaEonwouldbeillegal.OtherthandisclosuresrelaEngtoWoodsideCapitalSecuriEes,LLCtheinformaEonhereinisbasedonsourceswebelievetobereliablebutisnotguaranteedbyusanddoesnotpurporttobeacompletestatementorsummaryoftheavailabledata.AnyopinionsexpressedhereinarestatementsofourjudgmentonthisdateandaresubjecttochangewithoutnoEce.Periodicupdatesmaybeprovidedoncompanies/industriesbasedoncompanyspecificdevelopmentsorannouncements,marketcondiEonsoranyotherpubliclyavailableinformaEon.ImportantDisclosures:WoodsideCapitalSecuriEes,LLCisnotamarketmakerinanysecuriEesmenEonedinthisreport.WoodsideCapitalSecuriEes,LLCitsofficersandemployeesmayfromEmetoEmeacquire,hold,orsellaposiEoninthesecuriEesmenEonedinthisreport.WoodsideCapitalSecuriEes,LLCcompensatesindividualsforacEviEesandservicesintendedtobenefitthefirm'sinvestorclients.CompensaEondeterminaEonsforindividuals,includingtheauthor(s)ofthisreport,arebasedonavarietyoffactors,andmayincludetheoverallprofitabilityofthefirmandtherevenuesderivedfromallsources,includingrevenuesfrominvestmentbanking.WoodsideCapitalSecuriEes,LLCisaregisteredbroker-dealerandmemberofFINRA(www.finra.org)andSIPC(www.sipc.org).WoodsideCapitalSecuriEes,LLCisanaffiliateofWoodsideCapitalPartnersInternaEonal,LLCandWoodsideCapitalPartnersUK,LLP.OneormoreofthecompaniesmenEonedinthisreportmaybeclientsofWoodsideCapitalSecuriEes,LLC,WoodsideCapitalPartnersInternaEonal,LLCorWoodside

CapitalPartnersUK,LLPThirdPartyDisclosures:Anyanalystopinions,raEngs,andpubliccompanyreportsincludedinthisreportareprovidedbythird-parEesunaffiliatedwithWoodsideCapitalSecuriEes,LLC,WoodsideCapitalPartnersInternaEonal,LLCandWoodsideCapitalPartnersUK,LLP.AllinformaEonsuppliedorobtainedfromthesereportsisforinformaEonalpurposesonlyandshouldnotbeconsideredinvestmentadviceorguidance,anofferoforasolicitaEonofanoffertobuyorsellasecurity,orarecommendaEonoranendorsementbyWoodsideCapitalSecuriEes,LLC,WoodsideCapitalPartnersInternaEonal,LLCandWoodsideCapitalPartnersUK,LLPofanysecurity.WoodsideCapitalSecuriEes,LLC,WoodsideCapitalPartnersInternaEonal,LLCandWoodsideCapitalPartnersUK,LLPmakesnoguaranteesthatinformaEonsuppliedisaccurate,complete,updatedorEmely,anddoesnotprovideanywarranEesregardingresultsobtainedfromitsuse.

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q1 2015 connected car market update - woodside...

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