Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q1 FY2023 Earnings Presentation

13 slides from Infineon Technologies's earnings presentation, Feb 2, 2023

1. Slide 1: First Quarter FY 2023 Analyst Call

   First Quarter FY 2023 Analyst Call Infineon Technologies AG Investor Relations 1

2. Slide 2: Group financial performance

   Group financial performance Revenues and segment result USD exchange rate [EUR m] Revenues Segment result Margin Average exchange rate +25% -5% Q1 Q4 Q1 4,143 3,951 FY22 FY22 FY23 3,618 ø USD/EUR 1.14 1.01 1.02 3,298 3,159 Order backlog1 [EUR bn] 42 43 37 38 28.0% 31 25.5% 23.1% 23.3% 22.7% 1,058 1,

3. Slide 3: Automotive (ATV)

   Automotive (ATV) Revenues Segment Result Margin [EUR m] [EUR m] +35% -3% 532 1,934 506 1,872 1,701 1,491 399 1,390 324 261 26.2% 28.4% 23.5% 18.8% 21.7% Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 › Secular content growth trends xEV and ADAS intact and irreversibl

4. Slide 4: Industrial Power Control (IPC)

   Industrial Power Control (IPC) Revenues Segment Result Margin [EUR m] [EUR m] +31% -8% 144 136 542 500 430 436 382 93 82 73 28.8% 25.1% 21.6% 18.8% 19.1% Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 › Seasonal decline after record FQ4 in most applications, except t

5. Slide 5: Power & Sensor Systems (PSS)

   Power & Sensor Systems (PSS) Revenues Segment Result Margin [EUR m] [EUR m] +9% 338 -11% 301 285 277 1,169 1,021 1,043 237 955 925 29.8% 28.9% 28.9% 27.1% 25.6% Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 › Strong margin level retained for this quarter despite not

6. Slide 6: Connected Secure Systems (CSS)

   Connected Secure Systems (CSS) Revenues Segment Result Margin [EUR m] [EUR m] +24% +8% 531 492 448 456 125 427 108 100 84 86 23.4% 24.1% 23.5% 18.4% 17.5% Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 › Record-level quarterly revenue supports 600bps sequential incre

7. Slide 7: Gross margin and Opex

   Gross margin and Opex Gross profit R&D SG&A [EUR m] Gross margin as reported [EUR m] R&D expenses as % of revenue [EUR m] SG&A expenses as % of revenue Gross profit as reported R&D expenses SG&A expenses 1,839 1,866 1,564 486 484 1,416 447 466 452 1,312 399 414 410 369 330 44.4% 47.2% 42.9% 43.2% 41

8. Slide 8: Investments, Depreciation & Amortization and Free Cash Flow

   Investments, Depreciation & Amortization and Free Cash Flow Investments Depreciation & Amortization Free Cash Flow [EUR m] [EUR m] [EUR m] 866 709 605 542 422 443 429 494 393 405 440 408 378 120 25 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY22 FY22 FY22 FY22 FY23 FY22 FY22 FY22 FY22 FY23 FY22 FY

9. Slide 9: Outlook for Q2 FY23 and FY23

   Outlook for Q2 FY23 and FY23 Outlook Outlook Q2 FY231 FY231 Revenue ~ €3.9bn €15.5bn +/- €500m Adj. Gross Margin ~ 45% Segment Result Margin ~ 25% ~ 25% FCF/adj. FCF ~ €0.8bn / ~ €1.5bn Investments ~ €3.0bn D&A ~ €1.9bn2 1 Based on an assumed average exchange rate of $1.05 for €1.00 2 Including the

10. Slide 10: Key points

    Key points Strong start into our 2023 fiscal year Q1 FY23 – €3.95bn revenue, 28% Segment Result Margin Consistently navigating a challenging environment › Bifurcation of semiconductor markets is continuing › Strong structural demand in key application areas automotive and renewables › Consumer, comm

11. Slide 11: Questions & Answers

    Questions & Answers 2023-02-02 Copyright © Infineon Technologies AG 2023. All rights reserved. 11

12. Slide 12: Infineon: Part of your life. Part of tomorrow.

    Cinfineon Part of your life. Part of tomorrow.

13. Slide 13: Disclaimer

    Disclaimer Disclaimer This presentation contains forward-looking statements and/or assessments about the business, financial condition performance and strategy of the Infineon Group. These statements and/or assessments are based on assumptions and management expectation resting upon currently availa

Infineon Technologies — Q1 FY2023 Earnings Presentation on 6ix