Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Infineon Tech — Q4 2024 Earnings Presentation

79 slides from Infineon Technologies's earnings presentation, Nov 12, 2024

Slide 1: Fourth Quarter FY 2024 Quarterly Update
Fourth Quarter FY 2024 Quarterly Update Infineon Technologies AG Investor Relations 1
Slide 2: Infineon at a glance
Infineon at a glance Addressing long-term high-growth trends FY24 revenue by segment Automotive (ATV) 10% Green Industrial Power (GIP) 21% Power & Sensor Systems (PSS) 56% Connected Secure Systems (CSS) Energy Mobility IoT 13% green and efficient clean and safe smart and secure Financials FY24 reven
Slide 3: Well-balanced portfolio among segments and key applications
Well-balanced portfolio among segments and key applications, highest growth coming from Decarbonization and Digitalization FY24 revenue of €14,955m by segment and key application CSS E-mobility Other 10% 16% 20% Renewables BPA/Power Tools 7% 1% 21% Automation & Drives 4% PSS ATV 7% Software- 5% 56%
Slide 4: Our Target Operating Model: ambitious financial goals and sustainability leader
Our Target Operating Model: committing to ambitious financial goals and being the sustainability leader Target Operating Model through cycle Revenue growth >10% Segment Result Margin 25% Adj. Free Cash Flow Margin1 10-15% Sustainability leader CO2 neutrality 2030 1 Excluding major frontend buildings
Slide 5: Modular investment approach allows ramp-up in line with market demand
Modular investment approach allows ramp-up in line with market demand to ensure long-term value creation Infineon investments1 FY 23-25 [EUR m] -20% ~ 3.000 ~2.700 ~ 2.500 Strategic investments – shell construction ‒ Dresden M4 Capacity investments – key growth areas ‒ SiC/GaN: transition to 200mm/3
Slide 6: Outlook for Q1 FY25 and FY25
Outlook for Q1 FY25 and FY25 Outlook Outlook Q1 FY251 FY251 Revenue ~€3.2bn slightly down versus prior year Adj. Gross Margin ~40% Segment Result Margin mid-teens mid-to-high-teens FCF/adj. FCF ~€900m/~€1.7bn Investments ~€2.5bn D&A ~€2.0bn2 1 Based on an assumed average exchange rate of $1.10 for €
Slide 7: Undisputed power systems leadership mastering all three key materials
Undisputed power systems leadership mastering all three key materials Reliable multi sourcing Application of raw materials Si/SiC/GaN understanding Packaging know-how and World-scale fabs hybridization competence Controller Driver IC Power switch Software + Algorithms Leadership in Power Systems acr
Slide 8: Infineon is the leader across all power semiconductor technologies
Infineon is the leader across all power semiconductor technologies – unparalleled portfolio and know-how World’s thinnest silicon power World’s most competitive World’s first 300mm wafer with 20µm on 300mm 200mm silicon carbide power fab gallium nitride power wafer ‒ Broadest Si-power portfolio ‒ Br
Slide 9: Infineon presents the world's thinnest silicon power wafer
Infineon presents the world’s thinnest silicon power wafer paving the way for more energy efficient power systems Infineon reduces wafer thickness from 40µm to 20µm [µm] 180 ‒ Infineon pioneers 20µm process at high-scale production 160 ‒ Halving thickness also 140 halves resistance, reducing power l
Slide 10: With Kulim 3, Infineon on track to most competitive SiC provider
With opening Kulim 3, Infineon is on track to becoming the industry's most competitive provider of SiC technology SiC raw material supplier network ‒ More than 6 qualified SiC wafer and boule suppliers ‒ Globally diversified and resilient Superior trench technology ‒ 30% more chips per wafer than pl
Slide 11: Smart phase-over and ramp-up of 200mm SiC volume production
Smart phase-over and ramp-up of 200mm volume production to enable next level of innovation for customer value with SiC Villach Kulim CoolSiC 200 mm Pilot projects on track Smart 200mm phase-over Timeline ‒ Qualification on selected ‒ Volume production in Villach ‒ Product roll-out based on high-volu
Slide 12: Infineon pioneers world's first 300mm power GaN technology
Infineon pioneers world’s first 300mm power gallium nitride (GaN) technology – an industry game-changer Higher system performance & increased cost-effectiveness through GaN technology Contribute to achieving cost Supply stability parity with silicon over time for business continuity Superior Value P
Slide 13: Leadership in Power Systems with the most comprehensive GaN portfolio
Continuing our leadership in Power Systems with the most comprehensive GaN portfolio Key differentiators Broadest IP Proven Highest Superior Capability to Leading Pioneering portfolio in application quality and customer invest GaN world’s first the market expertise reliability supply in leading edge
Slide 14: Transition to WBG vastly differs by application
Transition to WBG vastly differs by application with Si expected to remain technology of choice for many of them 2020 2030 xEV High power EV Charging SiC with advantage in high power switching Energy Solar Storage performance and power density Systems On-board Charger GaN superior switching performa
Slide 15: Infineon at the core of IoT
Infineon at the core of IoT – driving digitalization by serving strongly growing multi-application markets Consumer IoT Industrial IoT Automotive IoT Products: MCU – Connectivity (Wi-Fi, BLE, NFC) – Sensors – Security – Power supply & switches Coin cell- at the core o Battery- powered ineon f Io Pow
Slide 17: 2030 carbon neutrality goal aligned with Paris Agreement 1.5°C target
Our 2030 carbon neutrality goal is aligned with the Paris Climate Agreement’s 1.5°C target CO2 burden1 CO2 savings2 2.9 million tons of CO2 equivalents 130 million tons of CO2 equivalents Ratio ~1:45 On the road to carbon neutrality3 we achieved Infineon’s CO2 target3 by 2025 and 2030 significant mi
Slide 18: External recognitions confirm our engagement in sustainability
External recognitions confirm our engagement in contributing to a sustainable society Rating/Score Scale Date MSCI ESG AAA CCC to AAA 05/2024 B climate scoring CDP F to A 02/2024 B water scoring Ecovadis 99th percentile “Platinum” award 0 to 100 06/2024 77 Dow Jones Sustainability Dow Jones Sustaina
Slide 20: ATV at a glance
ATV at a glance ATV revenue and Segment Result Margin FY24 revenue split by product group [EUR m] Memory ICs CAGR 24% (FY19 – FY24 ) 8,242 8,423 6,516 MCUs 4,841 3,521 29% 26% 23% 16% 4% Power (incl. SiC) Revenue Segment result margin Sensors Key customers 2024-11-12 Copyright © Infineon Technologie
Slide 21: Shift of EV growth and lower momentum of car production
Shift of EV growth and lower momentum of car production Applications Market outlook for CY25 ‒ Car demand to gradually improve supported by macroeconomic changes. However, further dealer inventory adjustments and hesitant consumer demand to be expected ‒ EU light vehicle production to remain weak ac
Slide 22: Several strong content growth drivers for Infineon
Several strong content growth drivers for Infineon, even at flat LV production Several structural trends fueling our growth Overview of growth vectors until 2030 2023 2030 xEV ‒ Strong volume growth of BEVs and PHEVs Share of BEVs Update as of ‒ Increasing share of SiC in traction inverters ~15% ~40
Slide 23: World leader in automotive semis benefiting from content growth
Infineon is the world leader in automotive semis, serving all key applications and benefiting strongly from content growth Semiconductor bill-of-material in a car in 2024 and 2030 [USD] up to $2,000 per BEV Key applications for drivetrain semis: ‒ Inverter ‒ On-board charger (OBC) ~$1,300 per BEV ‒
Slide 24: Broad portfolio with >300 product families in Automotive
A very broad portfolio with >300 product families is backing the market leadership of Infineon in Automotive Infineon ATV division revenue by product families: ... Major categories1: AURIX families, CoolSiC , IGBT 750V, IGBT 1200V, MOSFETs, PROFET , Radar, TRAVEO – none more than ~10% Unmatched cust
Slide 25: Number of power MOSFETs per car continues to increase
Number of power MOSFETs per car continues to increase, and drives accelerated growth for the leading portfolio Examples of MOSFET applications Latest portfolio with constant innovation Technologies, packages and voltages OptiMOS 7 40V Power door Power Brake Electric power BMS Transmission Windshield
Slide 27: Stellantis and Infineon teaming up on power conversion and distribution
Stellantis and Infineon are teaming up to advance innovation in power conversion/distribution for next-gen vehicle architectures The two companies have signed major supply and capacity agreements as the foundation to develop the next-generation of power architecture, including: (1) CoolSiC power dev
Slide 28: Xiaomi SU7 Max: Infineon contributes over 60 components
Xiaomi SU7 Max: Infineon contributes > 60 different components, incl. 2x HybridPACK Drive G2 CoolSiC 1200V power modules Infineon provides system solutions with > 60 different components for more than 10 applications › MCUs, PMICs: AURIX TC3, TRAVEO T2G, and PSoC for zone controller, ADAS, xEV drive
Slide 29: Broad product portfolio and system understanding enable higher BoM
Infineon’s broad product portfolio and system understanding enable higher BoM and allows for compact designs and fast T2M Infineon inverter reference design, covering up to 95% of value P2S (product-to-system approach) ‒ Reference design for up to 300kW, further customization possible OPTIREG 32-bit
Slide 30: First Si/SiC fusion module concept (Si2C)
First Si/SiC fusion module concept (Si2C) significantly exceeding performance expectations without adding system complexity Si Si²C +2.9% SiC +3.5% Example: 400 V BEV 175 kW 2WD Infineon solution offers compelling cost- performance ratio without adding system complexity for customers 2024-11-12 Copy
Slide 31: Portfolio breadth and customer base lead to accelerated SiC growth
Competitive setup, unmatched portfolio breadth and our worldwide customer base lead to accelerated growth in SiC Leading SiC technology and production efficiency Most scalable SiC auto portfolio 650 V 750 V 1,200 V ‒ Unrivaled productivity with most competitive fab and most diversified supplier netw
Slide 32: AURIX TC4x with integrated PPU brings AI-on-the-edge to the battery
Infineon AURIX TC4x with integrated PPU brings AI-on-the-edge to the battery AURIX TC4x Efficient battery cell utilization Battery cost ‒ Higher capacity PPU ‒ Less cells Battery health (parallel processing unit) ‒ Lower battery cost Faster charging High computing performance with complex Charging s
Slide 34: AURIX MCU is the gold standard for ADAS/AD and safety
AURIX MCU is the gold standard for ADAS/AD, control, safety, and high-speed in-vehicle network Total automotive MCU market development, excl. MPUs and SoCs AURIX , TRAVEO , and PSoC families [USD bn] TechInsights: Automotive Semiconductor Demand Forecast. October 2023 Infineon’s revenue growth €19bn
Slide 35: Growth of L1/L2/L2+ main driver of ADAS semiconductor content
Growth of L1/L2/L2+ is the main driver of ADAS semiconductor content until 2030 Car production by degree of automation (SAE level) Radar is essential to meet decisive requirements of ADAS/AD Distance 5 L0 4,5 4 3,5 Lane Detection Speed 3 L0 2,5 2 L1 1,5 1 0,5 0 L1/L2/L2+ Traffic signs Angle to reach
Slide 36: Infineon benefits from new E/E architectures
Infineon strongly benefits from new E/E architectures that drive centralization of data and decentralization of power distribution E/E architecture in a software-defined vehicle Components of E/E architecture and corresponding applications addressed by Infineon Safety companion MCU for service- High
Slide 37: Power distribution becomes critical aspect of E/E architecture
Power distribution becomes a critical aspect of the E/E architecture and the SW-defined vehicle New applications for intelligent power distribution ... ... are driving replacement of fuses/relays PROFET smart switch Fuse Relay Smart switches are mandatory for SAE L3 and above Infineon’s revenue grow
Slide 39: GIP at a glance
GIP at a glance GIP revenue and Segment Result Margin FY24 revenue split by product group [EUR m] Discretes CAGR 8% (incl.SiC) (FY20 – FY24 ) Modules (incl. SiC) 2,205 1,934 1,790 1,406 1,542 30% Gate driver ICs 21% 22% 18% 18% Revenue Segment result margin Key customers 2024-11-12 Copyright © Infin
Slide 40: PV and Drives inventory correction continues into 2025
PV and Drives inventory correction continues into 2025, growth in infrastructure and transportation Applications % of FY24 segment revenue Market outlook for CY25 ~30% Renewable ‒ Demand expected to only gradually pick up after inventory correction with persisting competitive pressure Energy ‒ Wind
Slide 41: Huge potential along entire green energy chain until 2030
Huge potential along entire green energy chain until 2030 according to IEA Net Zero scenario Generation Infrastructure Consumption $600bn annual Photovoltaic +4,600GW Grid network Heat pump +420m units investments +200k FC EV Wind power +1,900GW Grid storage +900GW H2 Fuel cell1 +200k FC Trucks +185
Slide 42: Green energy generation provides large business opportunities
Green energy generation provides large business opportunities Power semiconductor content by application 6000 [EUR per MW] [EUR per installation] Mainly SiC 5000 5000 5000 Mainly IGBT 4000 3500 3500 3000 2000 2000 2500 2000 1000 1500 1000 0 60 600 500 0 0 100 40 Fossil, nuclear, Wind Solar Grid-scal
Slide 43: EV charging is a key strategic application for Infineon
EV charging is a key strategic application for Infineon We cover the full ecosystem from AC to high power DC charging Connectivity solutions Automotive systems High power industrial systems Wirless Charging DC High Power Charging Infineon targets the complete EV charging ecosystem from AC to high-po
Slide 45: PSS at a glance
PSS at a glance PSS revenue and Segment Result Margin FY24 revenue split by product group [EUR m] CAGR 4% RF & Sensors (FY20 – FY24 ) 4,070 3,798 3,268 3,088 HiRel 2,650 25% 28% 23% 11% Power (incl. GaN) 24% Revenue Segment result margin Key customers 2024-11-12 Copyright © Infineon Technologies AG
Slide 46: CY25 end-market uncertain with limited visibility
CY25 end-market uncertain with limited visibility; upside potential driven by improving macro conditions and AI Applications % of FY24 segment revenue1 Market outlook for CY25 ~20% ‒ Server AI strength to continue in CY25 and will be complemented by cloud computing growth Computing ‒ PC market is ex
Slide 47: AI will be a strong driver of revenue increase for server business
AI will be a strong driver of revenue increase for Infineon’s server business Large North American CPU/GPU manufacturer B In FY25 AI revenue Infineon AI server revenue Large North Further major platform win with leading North in our server business Large North American cloud American CPU/GPU provide
Slide 48: Serving all AI-related power conversion from grid-to-core
With its energy efficient power semiconductors Infineon is serving all AI-related power conversion from grid-to-core Power delivery network losses in an average AI data center AC/DC 277V AC – 48V DC DC/DC 48V – 12V DC/DC 12V – 1V 1  AC 277 V 42 – 54 V . PFC 48 V/ 12V→5V 48V→12V . 12 V 208 AC . 1 A
Slide 49: Infineon BOM per AI server rack up to $12k-$15k
Leading performance high density AI Server for accelerated compute – Infineon BOM per AI server rack up to between $12k and $15k Top of rack switches x1 $200-215 PSU (Power Supply Unit) x24 ~$120 x36 GPU Board (2 GPU + 1 CPU) Compute Tray ~$130 x10 Power x18 48V Bus Switch Tray Delivery Converter x9
Slide 50: State-of-the-art PSU solutions for AC/DC
Infineon is tackling the rising power requirements of AI systems with its state-of-the-art PSU solutions for AC/DC Power Supply Unit (PSU) solutions ranging from 3kW to 12kW and beyond >12kW 3-phase 12kW η ~97,5% 8kW 113 W/in3 η ~97,5% 1-phase 3.3kW 100 W/in3 η 97,4% 1-phase 3kW 98 W/in3 η 97,5% 1-p
Slide 51: 12kW partial Battery Backup Unit (BBU)
12kW partial Battery Backup Unit (BBU) – Meeting increasing power demands and strict space constraints for AI server BBU Module Functions 1. Converter Power Density to enable more battery cells per BBU 2. Protect AI servers from power fluctuations (peak power shaving) 3. Prevents data loss and syste
Slide 52: 48V Integrated Bus Converters (IBCs) for AI
48V Integrated Bus Converters (IBCs) – Meeting AI Demands for power density, duality, reliability, and efficiency Up to 5,000 defects per million (dpm) are linked to IBC failure (target is <500dpm) Cost of unplanned system downtime and rework due to component failure is very high Our solution: Infin
Slide 53: Dual-phase power modules enabling vertical power delivery
Dual-phase power modules enabling vertical power delivery matching increasing AI demands for power density and smaller form factor Two Chip Embedded Power Stages Chip Two Embedded Embedded Substrate Power[1.5A/mm2] Stages mounted on PCB [1A/mm2] in SingleTDM2354X Substrate [1.5A/mm2] 3x die TDM2254X
Slide 55: CSS at a glance
CSS at a glance CSS revenue and Segment Result Margin FY24 revenue split by product group [EUR m] MCUs CAGR 12% (FY20 – FY24 ) 2,046 1,822 1,397 1,506 974 21% 24% Security ICs 13% 13% 12% Connectivity Revenue Segment result margin Key customers 2024-11-12 Copyright © Infineon Technologies AG 2024. A
Slide 56: Outlook for CY25 influenced by macro uncertainties
Outlook for CY25 influenced by continuing macro uncertainties and low consumer sentiment Applications % of FY24 segment revenue Market outlook for CY25 ‒ Risks persist, yet potential moderate growth is possible in second half of CY25 as macro situation stabilizes driving Industrial IoT investments H
Slide 57: CSS offers a compelling product portfolio and roadmap for IoT
CSS offers a compelling product portfolio and roadmap for IoT Microcontrollers (PSoC and XMC ) AIROC Wi-Fi and Combos ‒ PSoC family for general purpose, ‒ Wi-Fi standalone and Wi-Fi & Bluetooth® XMC family for industrial Combo chips for end devices ‒ Strength in low power, high ‒ Focus on innovation
Slide 58: Next-generation PSOC Edge portfolio
Next-generation PSOC Edge portfolio: Infineon PSOC Edge E81, E83 and E84 microcontroller families PSOCTM Edge – Enables a new generation of responsive machine learning devices Fully integrated system-on-chip (SoC) devices supported with comprehensive system design tools and software. Based on the hi
Slide 59: Customized Machine Learning on PSOC Edge with Imagimob
Customized Machine Learning on PSOC Edge with Imagimob Studio and ModusToolbox With the seamless integration of Imagimob Studio and ModusToolbox companies can build and deploy robust machine learning models. When paired with PSOC Edge, companies can optimize power consumption and improve efficiency
Slide 61: Strong presence in all regions; balanced customer portfolio
Strong presence in all regions; well-balanced customer portfolio; no customer represents more than 10% of total sales FY24 revenue by region Revenue by sales channel Distribution Top-10 direct customers1 partners1 Americas EMEA (excl. Germany) 13% 15% Japan Germany 10% 11% Top-10 direct Distribution
Slide 62: Group financial performance
Group financial performance Revenues and Segment Result USD exchange rate [EUR m] Average revenue exchange rate Segment Result Revenues Segment Result Margin -6% Q4 Q3 Q4 +6% FY23 FY24 FY24 ø USD/EUR 1.09 1.08 1.10 4,149 3,919 3,702 3,632 3,702 Order backlog1 [EUR bn] 29 24 24 22 19 25.2% 22.4% 19.5
Slide 63: Automotive (ATV)
Automotive (ATV) Revenues Segment Result [EUR m] [EUR m] Segment Result Segment Result Margin Revenues -1% +2% 2,162 2,085 2,078 2,112 2,149 617 564 537 551 512 28.5% 27.1% 24.6% 25.4% 25.6% ‒ Slight revenue increase driven by higher volumes, particularly in xEV and MCU. ‒ In FY24, Infineon grew the
Slide 64: Green Industrial Power (GIP)
Green Industrial Power (GIP) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -14% +6% 582 487 475 503 469 166 130 111 89 88 28.5% 26.7% 19.0% 18.5% 22.1% ‒ Seasonal revenue uptick due to renewable energy generation and transportation. ‒ Demand for decarbonizatio
Slide 65: Power & Sensor Systems (PSS)
Power & Sensor Systems (PSS) Revenues Segment Result [EUR m] [EUR m] Segment Result Segment Result Margin Revenues -6% +15% 912 861 765 749 172 713 99 105 18.9% 64 70 12.9% 12.2% 9.0% 9.3% ‒ Growth across all business lines – AI power solutions up 50% q-o-q. ‒ Consumer, compute, communications have
Slide 66: Connected Secure Systems (CSS)
Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -17% +11% 490 406 364 371 366 90 62 37 42 42 18.4% 15.3% 10.2% 11.3% 11.5% ‒ Revenue increase driven by connectivity, authentication, and identity solutions, as well as general-purpos
Slide 67: Gross margin and Opex
Gross margin and Opex Gross profit R&D SG&A [EUR m] [EUR m] [EUR m] 1,807 1,599 1,576 1,490 1,403 518 512 509 487 477 399 395 375 390 393 43.6 % 43.2 % 40.2 % 40.2 % 38.6 % 12.5% 13.8% 13.4% 13.7% 12.2% 10.7% 10.3% 10.5% 10.0% 9.6% Gross margin as reported Gross profit as reported R&D expenses as %
Slide 68: 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] 1,057 1,145 614 722 700 393 653 643 470 473 450 456 467 82 -1,597 2024-11-12 Copyright © Infineon Technologies AG 2024. All rights reserved. 68
Slide 69: Working capital, in particular trade working capital components
Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days] 3,503 3,477 3,974 4,330 4,404 4,429 3,990 2,901 2,946 185 178 180 1,763 153 153 Trade receivables Trade payables [EUR m] [days] [EUR m] [days] 2,765 1,991 2,000 2,142 2,250 1,743 2,160
Slide 70: Return on capital employed
Return on capital employed Historical development 20.5% 16.6% 12.6% 12.2% 8.4% 8.5% 3.0% 2024-11-12 Copyright © Infineon Technologies AG 2024. All rights reserved. 70
Slide 71: Earnings-per-share and total cash return
Earnings-per-share and total cash return Development of earnings-per-share (EPS) from continuing operations [EUR cent] 57 65 45 53 49 42 43 30 31 29 EPS basic EPS adjusted Total cash return to shareholders via dividends [EUR m] 456 455 417 ‒ Proposed dividend for 336 351 283 305 286 FY24: €0.35 per
Slide 72: Maturity profile
Maturity profile Calendar years 2024 to 2033 [EUR m; USD m; nominal values] $350 €600 €750 $350 €600 €750 €650 €500 €500 $350 $350 $235 $250 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Corporate bonds under the EMTN program US PP 2016 Notes Hybrid bonds1 US PP 2021 Notes (Jun 2027, (Feb 2025,
Slide 73: Conservative financial policy and investment-grade rating commitment
Conservative financial policy and strict commitment to investment-grade rating are the basis for through-cycle flexibility Financial Policy Targets Status Quo (LTM 30 September 2024) Gross Cash1 At least 10% of revenue3 15% of revenue → €2.2bn Gross Debt2 ≤ 2.0x EBITDA 1.2x EBITDA Comfortable ‒ Flex
Slide 74: Cinfineon
Cinfineon
Slide 75: 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
Slide 76: Glossary
Glossary AC alternating current IGBT insulated gate bipolar transistor ACC adaptive cruise control IoT internet of things AD automated driving IPM intelligent power module ADAS advanced driver assistance system LED light-emitting diode AEB autonomous emergency braking MCU microcontroller unit AI art
Slide 77: Notes and ESG footnotes
Notes and ESG footnotes Investments = 'Purchase of property, plant and equipment' + 'Purchase of intangible assets and other assets' incl. capitalization of R&D expenses Capital Employed = 'Total assets' – 'Cash and cash equivalents' – 'Financial investments' – 'Assets classified as held for sale –
Slide 78: Financial calendar
Financial calendar Date Event Location 14 Nov 2024 Stifel Roadshow Frankfurt Helsinki, Stockholm, Oslo, 19 - 22 Nov 2024 Danske Market Nordic Roadshow Kopenhagen 21 Nov 2024 Morgan Stanley European TMT Conference Barcelona 22 Nov 2024 Kepler Cheuvreux One-Stop-Shop Roadshow Munich 4 Dec 2024 ATV Pre
Slide 79: Investor Relations contacts
Investor Relations contacts Alexander Foltin Daniel Györy Executive Vice President Senior Director Finance, Treasury & Investor Relations Team lead Investor Relations +49 89 234-23766 +49 89 234-35078 alexander.foltin@infineon.com daniel.gyoery@infineon.com Isabell Diel Alexander Groschke Senior Man

Infineon Tech — Q4 2024 Earnings Presentation on 6ix

Infineon Technologies — Infineon Tech — Q4 2024 Earnings Presentation

Slide 1: Fourth Quarter FY 2024 Quarterly Update

Slide 2: Infineon at a glance

Slide 3: Well-balanced portfolio among segments and key applications

Slide 4: Our Target Operating Model: ambitious financial goals and sustainability leader

Slide 5: Modular investment approach allows ramp-up in line with market demand

Slide 6: Outlook for Q1 FY25 and FY25

Slide 7: Undisputed power systems leadership mastering all three key materials

Slide 8: Infineon is the leader across all power semiconductor technologies

Slide 9: Infineon presents the world's thinnest silicon power wafer

Slide 10: With Kulim 3, Infineon on track to most competitive SiC provider

Slide 11: Smart phase-over and ramp-up of 200mm SiC volume production

Slide 12: Infineon pioneers world's first 300mm power GaN technology

Slide 13: Leadership in Power Systems with the most comprehensive GaN portfolio

Slide 14: Transition to WBG vastly differs by application

Slide 15: Infineon at the core of IoT

Slide 16: ESG: Targets and achievements

Slide 17: 2030 carbon neutrality goal aligned with Paris Agreement 1.5°C target

Slide 18: External recognitions confirm our engagement in sustainability

Slide 19: Automotive

Slide 20: ATV at a glance

Slide 21: Shift of EV growth and lower momentum of car production

Slide 22: Several strong content growth drivers for Infineon

Slide 23: World leader in automotive semis benefiting from content growth

Slide 24: Broad portfolio with >300 product families in Automotive

Slide 25: Number of power MOSFETs per car continues to increase

Slide 26: Electromobility

Slide 27: Stellantis and Infineon teaming up on power conversion and distribution

Slide 28: Xiaomi SU7 Max: Infineon contributes over 60 components

Slide 29: Broad product portfolio and system understanding enable higher BoM

Slide 30: First Si/SiC fusion module concept (Si2C)

Slide 31: Portfolio breadth and customer base lead to accelerated SiC growth

Slide 32: AURIX TC4x with integrated PPU brings AI-on-the-edge to the battery

Slide 33: Software-defined vehicle

Slide 34: AURIX MCU is the gold standard for ADAS/AD and safety

Slide 35: Growth of L1/L2/L2+ main driver of ADAS semiconductor content

Slide 36: Infineon benefits from new E/E architectures

Slide 37: Power distribution becomes critical aspect of E/E architecture

Slide 38: Green Industrial Power

Slide 39: GIP at a glance

Slide 40: PV and Drives inventory correction continues into 2025

Slide 41: Huge potential along entire green energy chain until 2030

Slide 42: Green energy generation provides large business opportunities

Slide 43: EV charging is a key strategic application for Infineon

Slide 44: Power & Sensor Systems

Slide 45: PSS at a glance

Slide 46: CY25 end-market uncertain with limited visibility

Slide 47: AI will be a strong driver of revenue increase for server business

Slide 48: Serving all AI-related power conversion from grid-to-core

Slide 49: Infineon BOM per AI server rack up to $12k-$15k

Slide 50: State-of-the-art PSU solutions for AC/DC

Slide 51: 12kW partial Battery Backup Unit (BBU)

Slide 52: 48V Integrated Bus Converters (IBCs) for AI

Slide 53: Dual-phase power modules enabling vertical power delivery

Slide 54: Connected Secure Systems

Slide 55: CSS at a glance

Slide 56: Outlook for CY25 influenced by macro uncertainties

Slide 57: CSS offers a compelling product portfolio and roadmap for IoT

Slide 58: Next-generation PSOC Edge portfolio

Slide 59: Customized Machine Learning on PSOC Edge with Imagimob

Slide 60: Selected financial figures

Slide 61: Strong presence in all regions; balanced customer portfolio

Slide 62: Group financial performance

Slide 63: Automotive (ATV)

Slide 64: Green Industrial Power (GIP)

Slide 65: Power & Sensor Systems (PSS)

Slide 66: Connected Secure Systems (CSS)

Slide 67: Gross margin and Opex

Slide 68: Investments, Depreciation & Amortization and Free Cash Flow

Slide 69: Working capital, in particular trade working capital components

Slide 70: Return on capital employed

Slide 71: Earnings-per-share and total cash return

Slide 72: Maturity profile

Slide 73: Conservative financial policy and investment-grade rating commitment

Slide 74: Cinfineon

Slide 75: Disclaimer

Slide 76: Glossary

Slide 77: Notes and ESG footnotes

Slide 78: Financial calendar

Slide 79: Investor Relations contacts