Melexis Nv · EURONEXT:MELE
Melexis Nv — Melexis Nv Ieper — Q2 2024 Earnings Presentation
25 slides from Melexis Nv's earnings presentation, Jul 31, 2024
Slide 1: Q2 2024 Results
Q2 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. The content of th
Slide 3: Process flow
Process flow CHIP AND PACKAGE DESIGN WAFER PROBE FINAL TEST 1 3 5 2 4 WAFER FAB ASSEMBLY The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 4: Markets
ALTERNATIVE Markets MOBILITY ROBOTICS DIGITAL HEALTH SUSTAINABLE AUTOMOTIVE WORLD The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 5: Growth trajectory
Growth trajectory Melexis target 2024-2030 ￭ EV powertrain AUTOMOTIVE SALES* ￭ EV thermal management ≥10 % CAGR ￭ ￭ ￭ EV battery E-braking & E-steering Lighting ￭ Alternative mobility BEYOND AUTOMOTIVE SALES ￭ Sustainable world ≥15 % CAGR ￭ ￭ Robotics Digital health *ASSUMPTION: 0% GROWTH FOR THE GL
Slide 6: Continents and locations
3 continents Sales & Applications Belgium – Ieper, Tessenderlo Greater China – Shanghai, Shenzhen France – Grasse, Paris Manufacturing Belgium – Ieper Bulgaria – Sofia France – Corbeil-Essonnes Research & Development Belgium – Ieper, Tessenderlo Bulgaria – Sofia France – Grasse, Paris 18 locations G
Slide 7: Melexis climate impact
Melexis climate impact CARBON TARGET CARBON FOOTPRINT 2023* SUSTAINABLE PORTFOLIO (% sales) 416,016 40 % ton CO 2e 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: Major automotive trends
Major automotive trends Electrification Premiumization ADAS ● EV powertrain ● Interior and exterior ● E-braking and ● Thermal management lighting E- steering ● Battery ● Motors (seat, window, ● Dynamic lighting HVAC, grille shutter) ● Time-of flight ● TPMS Melexis has a well diversified portfolio, limi
Slide 9: Serviceable addressable market (in EUR)
Serviceable addressable market (in EUR) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 10: 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 11: 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 12: 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. Its optimization is a game changer. Battery management systems ensure the safety and t
Slide 13: 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 14: 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 15: Innovative sensing for Robotics & Alternative mobility
Innovative sensing for Robotics & Alternative mobility Markets: Accurate Position 3D Force Compact Torque Arcminaxis™ Tactaxis™ Elaxis™ Cobots Robot Industrial to build Grippers Stationary Service Autonomous Robotics Exoskeleton E-bike Torque sensor The content of this presentation is CONFIDENTIAL &
Slide 16: Melexis is at the forefront of innovation
Melexis is at the forefront of innovation The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 17: Evolution Financials 2001-2024
Evolution Financials 2001-2024 Q2 2024: 245.7 mln EUR Turnover HY 2024: 487.5 mln EUR Gross result Q2 2024: 108.8 mln EUR (44.3%) HY 2024: 215.6 mln EUR (44.2%) Operating result Q2 2024: 64.4 mln EUR (26.2%) HY 2024: 128.1 mln EUR (26.3%) The content of this presentation is CONFIDENTIAL & PROPRIETAR
Slide 18: Q2 2024 results at a glance
Q2 2024 results at a glance Sales Gross margin Operating result 44.3% 26.2% 245.7 mln EUR 108.8 mln EUR 64.4 mln EUR +4% Y-o-Y -2% Y-o-Y -5% Y-o-Y Net result Operating cash flow Net debt 1.21 EPS (before working capital changes) 49.1 mln EUR 78.2 mln EUR 191.1mln EUR -5% Y-o-Y -1% Y-o-Y Outlook Melex
Slide 19: Profit & loss
Profit & loss Q2 2024 versus Q2 2023 versus Q1 2024 P&L account Q2 2024 % of Sales Q2 2023 % of Sales Q1 2024 % of Sales (in million EUR) Sales 245.7 100.0% 236.7 100.0% 241.8 100.0% Cost of goods sold -137.0 -55.7% -125.4 -53.0% -135.0 -55.8% Gross margin 108.8 44.3% 111.3 47.0% 106.8 44.2% R&D -26.
Slide 20: Balance Sheet
Balance Sheet Q2 2024 versus Q2 2023 versus Q1 2024 Balance Sheet Q2 2024 Q2 2023 Q1 2024 (in million EUR) Total assets 890.7 738.9 893.6 Current assets Cash 38.6 35.7 35.7 Inventory 256.8 212.8 257.7 A/R Trade 119.5 133.1 117.2 Non-current assets 439.2 333.3 436.1 Shareholders' equity 553.2 495.8 6
Slide 21: HY 2024 cash flow
HY 2024 cash flow Mln. EUR Free cash flow of 54 mln EUR in 1H24 97 mln EUR dividend paid in 2Q24 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 22: Dividend yield
Gross dividend per share (EUR) Dividend yield 2008 0.60 Based on average share price 2009 0.00 2010 0.30 2011 0.60 2012 0.65 2013 0.70 2014 1.00 2015 1.90 2016 2.00 2017 2.10 2018 2.20 2019 1.30 2020 2.20 2021 2.60 2022 3.50 2023 3.70 (*) YTD 2024 1.30 (*) payable October 17, 2024 The content of thi
Slide 23: Shareholder structure and shareholder return
Shareholder structure and shareholder return The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 24: Industry first
2011 2014 2020 Multi-channel INDUSTRY FIRST • Fully integrated passive entry 2017 RGB-LED driver enabling high-speed automotive qualified NFC light animations (MeLiBu®) 2023 1996 2005 • 3D camera sensor • WPC & NFC automotive solution • Time-of-flight chipset • Programmable 2- • Dual die L&S sensor 20
Slide 25: Melexis Investor Relations
Melexis Investor Relations Karen van Griensven Joren Vanvelk CFO Interim Investor Relations investor@melexis.com The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.