Melexis Nv · EURONEXT:MELE
Melexis Nv — Melexis Nv Ieper — Q1 2024 Earnings Presentation
27 slides from Melexis Nv's earnings presentation, Apr 24, 2024
Slide 1: Q1 2024 Results
Q1 2024 Results Melexis””
Slide 2: What do we do?
What do we do? Melexis engineers microelectronic solutions. Our technology makes cars and other products smarter, safer and greener. Our sensors capture data from the analog world and comprehend these data digitally. Our drivers make sure customers can bring their products to life. Melexis. The cont
Slide 3: Process flow
Process flow CHIP AND PACKAGE DESIGN WAFER PROBE FINAL TEST 1 3 5 2 4 WAFER FAB ASSEMBLY Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 4: Markets
ALTERNATIVE Markets MOBILITY ROBOTICS DIGITAL HEALTH SUSTAINABLE AUTOMOTIVE WORLD Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 5: Growth trajectory and Melexis target
Growth drivers Automotive¹ EV powertrain EV battery Lighting ≥10% CAGR EV thermal management E-braking & E-steering Sales Growth trajectory Beyond Automotive Sustainable World Robotics Melexis target Sales ≥15% CAGR Alternative Mobility Digital Health 2023-2030 Gross Profit margin ≥45% EBIT margin ≥2
Slide 6: Continents and locations
03 continents 18 locations Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 7: Melexis climate impact
Melexis climate impact CARBON TARGET CARBON FOOTPRINT 2023* SUSTAINABLE PORTFOLIO (% sales) 416,016 40 % ton CO2e Scope 1 & 2 emissions per 90% Purchased goods and services 42% 17% sold chip by 3% Capital goods Planet People 4% Energy 2030 vs. 2021 3% Other *Partial Scope 3 - Downstream data on 19%
Slide 8: Melexis is at the forefront of innovation
Melexis is at the forefront of innovation Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 9: Melexis is at the forefront of innovation
Melexis is at the forefront of innovation Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 10: Melexis is at the forefront of innovation
Melexis is at the forefront of innovation Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 11: Industry first
1989 > 2024 2011 2014 2020 INDUSTRY FIRST Fully integrated New ToF Sensor passive entry automotive qualified 2017 chipset for robuust 3D imaging & 1st NFC 3 camera sensor dual die L&S sensor 2023 1996 WPC & NFC automotive solution New ToF Sensor chipset for robust 3D Re-programmable 2 imaging & 1st d
Slide 12: Major automotive trends
Major automotive trends Electrification Premiumization ADAS ● EV powertrain ● Interior and ● E-braking and ● Thermal exterior lighting E- steering management ● Motors (seat, ● Dynamic lighting ● Battery window, HVAC, ● Time-of flight grille shutter) ● TPMS Melexis has a well diversified portfolio, limi
Slide 13: Serviceable addressable market (in EUR)
Serviceable addressable market (in EUR) Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 14: EV Powertrain to ICs
EV POWERTRAIN 5 to 22 ICs Efficiency matters In electric vehicles, the inverter converts DC power from the battery to AC power for the motor drive, which in turn transforms it into propulsion power. The efficiency of this system has a direct impact on the all-electric range, road performance and comfo
Slide 15: EV Thermal Management to ICs
EV THERMAL MANAGEMENT 10 to 21 ICs Optimizing energy consumption In order to optimize energy while increasing the All Electric Range, a perfect thermal management system is key. Ideal performance of the battery requires a temperature between 20-40℃. Without the free heat of a classical ICE, the ener
Slide 16: EV Battery to ICs
EV BATTERY 4 to 18 ICs Extending battery range, life and safety The high voltage battery stores electrical energy which powers the electric motor. It determines the range the vehicle can travel on a single charge. It’s optimization is a game changer. Battery management systems ensure the safety and
Slide 17: E-Braking & E-Steering to ICs
E-BRAKING & E-STEERING 8 to 13 ICs Higher safety level for (autonomous) cars In the world of automotive innovation, sensor ICs act as the silent heroes, enabling precise control, responsiveness, reliability and safety. These technical marvels drive us on the journey from pumps & vacuum (mechanical)
Slide 18: Interior & Exterior Lighting to ICs
INTERIOR & EXTERIOR LIGHTING 10 to 150 ICs Functionality, personalization and premiumization Lighting is upgrading the interior and exterior of our cars. It brings comfort, safety and functionality. Lighting is the new differentiator for OEMs as well as for brand recognition. ● Interior ambient ligh
Slide 19: Innovative sensing for Robotics & Alternative mobility
Innovative sensing for Robotics & Alternative mobility Market Accurate Position 3D Force Compact Torque Arcminaxis™ Tactaxis™ Elaxis™ Cobots ✔ ✔ Robot to build Industrial ✔ ✔ Grippers ✔ Stationary ✔ ✔ Service Robotics Autonomous ✔ ✔ Exoskeleton ✔ ✔ E-bike Torque sensor ✔ The content of this presenta
Slide 20: Evolution Financials 2001-2024
Evolution Financials 2001-2024 Turnover Q1 2024: 241.8 mln EUR FY 2023: 964.3 mln EUR Gross result Q1 2024: 106.8 mln EUR (44.2%) FY 2023: 440.2 mln EUR (45.7%) Operating result Q1 2024: 63.7 mln EUR (26.4%) FY 2023: 261.3 mln EUR (27.1%) Melexis. The content of this presentation is CONFIDENTIAL & P
Slide 21: Q1 2024 results at a glance
Q1 2024 results at a glance Sales Gross margin Operating result 241.8 mln EUR 44.2% 26.4% 106.8 mln EUR 63.7 mln EUR +6% Y-o-Y +4% Y-o-Y +4% Y-o-Y Net result Operating cash flow Net cash 1.31 EPS (before working capital changes) 52.9 mln EUR 75 mln EUR 35.7 mln EUR +4% Y-o-Y +3% Y-o-Y Outlook Melexis
Slide 22: Profit & loss
Profit & loss Q1 2024 versus Q1 2023 versus Q4 2023 Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 23: Balance Sheet
Balance Sheet Q1 2024 versus Q1 2023 versus Q4 2023 Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 24: Q1 2024 cash flow
Q1 2024 cash flow Mln. EUR Free cash flow of 9.4 mln EUR in 1Q24 (8 mln EUR in 1Q23) 24 mln EUR income tax paid in 1Q24 Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 25: Dividend yield
Dividend yield Based on average share price Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 26: Shareholder structure and shareholder return
Shareholder structure and shareholder return Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 27: Melexis Investor Relations
Melexis Investor Relations Karen van Griensven CFO investor@melexis.com Valerie Kerfs Senior IR Professional Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.