Welcome to 2017 Analyst Day September 21, 2017 2 Safe Harbor for - PowerPoint PPT Presentation

Welcome to 2017 Analyst Day September 21, 2017

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Safe Harbor for Forward-Looking Statements This presentation contains forward-looking statements regarding our financial prospects, including financial guidance for 3Q-2017, markets, demand for our products, and product development, among other things. Such forward-looking statements are based on current expectations, estimates and projections about the Company’s industry and management’s beliefs and assumptions. These statements are subject to risks and uncertainties which are more fully described in the documents that we file with the SEC, including our 10-Ks, 10-Qs and 8-Ks, and these statements may differ materially from our actual results. This presentation contains non-GAAP financial measures such as non-GAAP operating Income, margin and EPS, and Adjusted EBITDA and EBITDA margins. We believe the presentation of these non-GAAP measures provide management and investors with meaningful information to understand and analyze our financial performance. Reconciliations of these non-GAAP measures to their most directly comparable GAAP measures can be found in the Appendix to the presentation. However, this presentation should not be considered in isolation or as a substitute for the comparable GAAP measurements, when available. 3

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Welcome 8:30 - 9:15 Check-in & Breakfast Company Overview and Update - Data. Faster.Safer … 9:15 - 9:45 9:45 -10:00 Emerging Solutions - Data. Smarter … 10:00 - 10:30 Data Center Update - Data. Faster … 10:30 - 10:45 Break 10:45 - 11:15 Mobile Edge Update - Data. Safer … 11:15 - 11:40 Financial Overview 11:40 - 12:00 Q&A with Exec Team 12:00 - 1:00 Lunch 6

From IP to High-Value Hosted Services Infrastructure Software & Chips & SaaS Products Hosted Services IP Cores Architecture Licenses Patent Licenses Expanding beyond Semiconductor IP 7

Serving Two Key High-Growth Markets Architecture Cores Chips License+ Data Center DDRx PHYs Buffers SerDes PHYs Networking Architecture Secure Provisioning Mobile Edge License+ Smart Cores Mobile Payments Smart Transport IoT Device Management Historic Business Near-term Growth 8

From Chip to Cloud to Crowd Making data faster, safer and smarter 9

The Data Center Cores SerDes PHYs Move data from chip to chip Memory PHYs Move data between chips and memory Chips Server DIMM Chipsets Enables more capacity at high performance 10

The Mobile Edge Data ・ Safer Embedded Security Secure Cores Embedded device protection CryptoManager Platform Secure provisioning and key management Secure Services CryptoManager Trusted Services Device security management Secure Software Mobile Payments Secure payments and trusted transactions Smart Ticketing Simplified travel with mobile ticketing 11

Mobile Edge Data Center 12

The Past 12 Months … End Q3 Q4 Q1 Q2 End Q3 • Accelerating growth • Buffer Chip and high- • HBM2 PHY Solution • Launched turn-key, • Functional silicon Product CryptoManager™ IoT through acquisitions speed SerDes targeted at DDR5 buffer • Launched Unified Programs enhanced Device Management chips • Recasting business Payment Platform (UPP) service, demoed • Secure provisioning for • Demonstrated IDM model to ship with Qualcomm and • 56G SerDes PHY with products (semi Payments and Smart STMicroelectronics security service on micro- hardware to Ticketing (launched Samsung leading cloud platform • Key partnerships with SaaS software) with HCE Ticketing) supporting IP CyberTrust, Synopsys, innovation Google and Interac • Nvidia licensed DPA • Licensing beyond Licensing DRAM – WD for Flash Countermeasures • Xilinx licenses memory, SerDes, and security tech Revenue • 34% YoY growth • 24% YoY growth • 27% YoY growth 13

The Next 12 Months … Focus on … Growth metrics. Leading indicators. • Maintain leadership in IP Cores • Licensing and renewals • Buffer chips – revenue growth and • Product execution and introductions leadership in DDR5 • SaaS services (tokenization, IoT • Pilots and commercial sales for Payment security, … ) and Ticketing • Continued cost management and cash • Adoption of CryptoManager IoT device generation management 14

What’s Next… • Emerging Solutions Bridging to product through research  Advanced memory for the future of data center  • The Data Center  Historic perspective and next-gen opportunity Cores and chips  • The Mobile Edge In-field services for IoT and commerce  Foundational security for trusted transactions  • Financial Overview Status and expectations   Investment thesis 15

Emerging Solutions Laura Stark General Manager, Emerging Solutions Division 16

Emerging Solutions Data ・ Smarter Emerging Solutions Innovating future solutions 17

Worldwide Patent Portfolio in Strategic Areas 1500+ patents & apps 500+ patents & apps 130+ patents & apps related to: related related to: related to: • DRAM, NAND Flash, and • Serial link architectures • DPA/side-channel attack RRAM memory system and circuits countermeasures architectures and circuits • SerDes Interfaces • Anti-counterfeiting and • Memory interfaces including PCIe, 10GbE, anti-piracy technology including DDR2/ SATA, USB, etc. • Key protection and secure DDR3/DDR4 software loading for SoCs and FPGAs 18

Relevance with Industry Leaders Source: Innography (Aug-2017) 19

Challenges Facing the Industry … Limits of DRAM scaling Big Data Analytics Low CPU Utilization 10 Gate Oxide Thickness (nm) The end of traditional scaling 0.35um 0.25um 0.18um 0.13um 90nm 65nm 45nm 1 1990 1995 2000 2005 Cost per bit of DRAM Massive and growing Number of CPU cores no longer scaling data sets are straining scaling faster than with process data center architecture memory can support These challenges are opportunities for the types of innovation that Rambus excels at 20

New Memory Architectures for Future Data Center • Exploring alternatives to accelerate the delivery and computation of Processing data CPU • Utilizing our acceleration platform DRAM Memory to develop new advanced memory systems SCM • Integrating DRAM and Storage New Alternatives? Class Memory SSD Storage HDD 21

Driving the Next Big Changes in Memory High-speed Interfaces • DIMM Extension • GenZ • OpenCAPI Module Buffer Architectures • RDIMM • LRDIMM • NVDIMM • Hybrid DIMM Memory Architectures • DRAM • Flash • RRAM • MRAM • PCM 22

Exploring avenues to surpass the slowing of Moore's Law and meet the needs of next-generation data centers through cryogenic research 23

Reestablishing DRAM Scaling - Cryogenic Technology Exploring avenues to overcome the slowing of Moore’s Law for future- generation data centers • Focused on cryogenic temperature to enable new memory solutions Lower operating temperature allows  lower operating voltages with improved energy efficiency and cost of ownership (COO) for memory systems Optimized architectures are required to  reap these benefits for cryogenic and quantum computers 24

Expanding to Prototypes Cryogenic Research Partner DRAM FAB Partner Partner Modeling Development 25

Data Center Luc Seraphin General Manager, Memory & Interfaces Division 26

The Data Center Data ・ Faster Cores SerDes PHYs Move data from chip to chip Memory PHYs Move data between chips and memory Chips Server DIMM Chipsets Enables more capacity at high performance 27

Building Momentum Rambus Introduces High Bandwidth Memory PHY on GLOBALFOUNDRIES FX- 14™ ASIC Platform using 14nm LPP Process Technology Rambus Partners with Samsung to Develop 56G SerDes PHY on 10nm LPP Process Rambus, PLDA and Avery Design Announce Comprehensive PCIe 4.0 Solution Rambus Launches JEDEC-Standard DDR4 NVRCD for Emerging NVDIMM Applications GLOBALFOUNDRIES Demonstrates 2.5D High-Bandwidth Memory Solution for Data Center, Networking, and Cloud Applications 28

Real-time Applications Demand More Memory High-bandwidth memory capacity is critical for real-time applications Financial Health & Life Telecom Business Services Sciences & Cloud Intelligence Faster Solve complex More customer Better insights transactions and problems with transactions and more more accurate better, faster opportunities assessments results 29

Exponential Data Growth Mandates Increased Speed Exponential data growth is driving High-speed interconnects are key to performance requirements and new data center performance and growth architectures IoT Devices Streaming Video Cloud Services Size of Global Data Creation 180 160 140 Data 120 Center Zetabytes 100 80 Storage Servers Big Data 60 40 20 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Wireless Networks Social Media Data Created Source: IDC's Data Age 2025 Study eCommerce 30

The Data Center Data ・ Faster Cores SerDes PHYs Move data from chip to chip Memory PHYs Move data between chips and memory Chips Server DIMM Chipsets Enables more capacity at high performance 31