Elmos Semiconductor Se · XETR:ELG

Elmos Semiconductor — Non-Deal Roadshow (November 2019)

23 slides from Elmos Semiconductor's roadshow presentation, November 2019

  1. Slide 1: Innovation Matters

    Innovation Matters Roadshow| November 2019

  2. Slide 2: Expert in analog mixed signal IC solutions focused on automotive market

    Expert in analog mixed signal IC solutions focused on automotive market 35 years experience Worldwide leading products Ready for further growth  Development, production &  Elmos serves the megatrends  Global player for automotive marketing of ICs (ASSPs and (ADAS, EV…) & attractive niches ASSPs a

  3. Slide 3: An international company with German roots

    An international company with German roots Sold  Headquarters in Dortmund, Germany  Worldwide sales offices and application support  ~1.300 employees  ~350 employees in Product Development  On Sep 30, 2019 Elmos sold SMI (Silicon Microstructures Inc. / Silicon Valley) for a net debt‐ free enter

  4. Slide 4: Attractive sale of SMI for a net debt free EV of USD 95 million

    Attractive sale of SMI for a net debt free EV of USD 95 million to TE Connectivity Excellent products, few synergies Medical market: expansion ahead Attractive deal conditions  Elmos bought SMI in 2001  New promising SMI product line:  Net debt‐free EV value of USD  SMI offers market‐leading Int

  5. Slide 5: Strong customer base – growing every year

    We know what the customer needs: Strong customer base – growing every year Elmos´ relationship with Tier1s and OEMs Approved partner  >500 million ICs p.a. delivered to 300++ customers  Elmos ICs are in Tier1 Elmos ICs OEM almost all cars worldwide  High product and Ideas & Ideas & customer Featu

  6. Slide 6: An innovative partner for a diversified customer base

    We are an innovative partner for a diversified customer base Selected customers Automotive OEMs Baojun 6

  7. Slide 7: Automotive is becoming the next smart device

    Automotive is becoming the next smart device Elmos is present in the highest growing sub‐segments Semi growth rate by application (CAGR 2016‐21) Elmos ICs for growing segments EV (Battery + Plug‐In) Distance Warning (Emergency Braking + Parking) Advanced Display / HMI BLDC motors (HVAC, pumps, engin

  8. Slide 8: Innovative products and strong market positions serve the mega trends

    Innovative products and strong market positions serve the mega trends Business Line 1 ‐ Sensors Ranging Sensor ICs Optical Business Line 2 – Smart Control Business Line 3 ‐ Smart Solutions Lighting Motor Control Safety, Power & Custom ICs Right products for autonomous driving, electro mobility, safe

  9. Slide 9: Ranging: Advanced features for assisted and autonomous driving

    Ranging: Advanced features for assisted and autonomous driving  Global market leader in Ultrasonic ICs  ~1 billon ICs for near field surveillance delivered  >20 years experience with USPA ICs  >10 ASSPs: Broad product portfolio from most affordable to highest performance  Applications e.g. obje

  10. Slide 10: Optical: Simple & robust user experience in cars

    Optical: Simple & robust user experience in cars  Pioneering in gesture control with >50 million ICs in the field  Applications e.g. proximity, swipes, object detection and touchless door access  2012: Market launch (VW Golf 7)  Today: available in almost all VW group models – started in BMW mod

  11. Slide 11: Lighting: We light up the car – inside and outside

    Lighting: We light up the car – inside and outside  >30++ million Ambient Light ICs p.a.  IP protected features (Auto addressing)  Homogeneous light from ‐40°C to +125°C  Elmos rear lighting solutions set the standard  Elmos ICs already standard for two OEMs  Next worldwide #1 position  Const

  12. Slide 12: Motor control: Highly integrated motor control ICs

    Motor control: Highly integrated motor control ICs  >500 million ICs for HVAC flaps and blowers delivered  Benchmark for low noise and high efficiency control solutions for HVAC  Serving all motor types  Focus on BLDC motors supporting CO2 reduction The trend towards BLDC motors is accelerating

  13. Slide 13: Further milestones of main strategic pillars achieved

    Further milestones of main strategic pillars achieved Fablite Internationalization ASSPs ~50% Outsourcing share (wafer) Asian share ASSP share ~45% ~39% ~41% ~40% ~33% ~35% ~35% ~31% ~25% ~27% ~25% ~15% ~15% ~12% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018  Front‐End:

  14. Slide 14: Elmos increases sales and gross margin

    Elmos increases sales and gross margin Yearly sales (million Euro) & gross margin (%) 9M sales (million Euro) & gross margin (%) +10.8% +8.5% 219.1 277.6 202.0 250.4 219.6 228.6 209.5 46.7% 45.2% 43.7% 43.6% 43.9% 41.7% 42.3% 2014 2015 2016 2017 2018 9M 2018 9M 2019  Sales growth due to existing pr

  15. Slide 15: Solid earnings development

    Solid earnings development Yearly EBIT (million Euro) & EBIT margin (%) 9M (op.) EBIT (million Euro) & op. EBIT margin (%) +32.8% +0.5% Reported EBIT 51.0 34.1 34.3 96.2 million Euro 38.4 22.6 24.5 23.1 18.4% 16.9% 15.6% 15.3% 10.8% 11.2% 10.1% 2014 2015 2016 2017 2018 9M 2018 9M 2019  Five years d

  16. Slide 16: Investing in further growth: Capex in line with FY Guidance

    Investing in further growth: Capex in line with FY Guidance Capex (million Euro & % of sales) Operating Cash Flow (million Euro) 41.4 37.2 50,3 48,4 32.7 40,0 29.9 37,9 1 33,5 32,6 23.0 23.2 14.3% 14.9% 14.9% 10.5% 10.1% 14.9% 2014 2015 2016 2017 2018 9M 2019 2014 2015 2016 2017 2018 9M 2019 Adjuste

  17. Slide 17: Solid dividend policy since 2010

    Solid dividend policy since 2010 Dividend (in Euro) & total payout (in million Euro) +30% 0.52 11 +14% 7.9* 10 +32% 0.40 10.2 0.35 9 +25% 0.33 0.33 8 0.25 0.25 0.25 6.9 6.5 6.5 7.9 7 0.20 6 4.8 4.8 4.8 5 3.9 4 3 2010 2011 2012 2013 2014 2015 2016 2017 2018 Share buyback  2017: Purchase of 450,000 s

  18. Slide 18: Investment case: Sustainable growth profile and profitability

    Investment case: Sustainable growth profile and profitability Attractive Market Efficient Competent Solid financial market fitting ICs production Management profile Megatrends: Good mix of ASICs Flexible Entire Earnings level higher  ADAS and ASSP products production management than 15% in 2017 and

  19. Slide 19: Positive outlook for 2019 - Guidance updated after SMI sale

    Positive outlook for 2019 ‐ Guidance updated after SMI sale As of September 30, 2019 As of February 14, 2019 As of February 13, 2019 Sales 4%‐8% (yoy) 6%‐10% (yoy) EBIT margin 13%‐17% (operational) 13%‐17% Capex <15% of sales <15% of sales Adjusted free cash flow Significantly positive Positive 1.15

  20. Slide 20: The Next Smart Device: The Car

    The Next Smart Device: The Car Appendix

  21. Slide 21: Elmos shareholder structure set for long-term perspective

    Elmos shareholder structure set for long‐term perspective Basic Event information Date Shareholder structure Share capital 20,103,513 €/shares ISIN / WKN DE0005677108 / 5677108 Admission segment Prime Standard, Reg. Market 20.0% Ticker symbol ELG Date of formation 1984 Free float IPO October 11, 199

  22. Slide 22: Research Coverage and Elmos Financial Calendar

    Research Coverage and Elmos Financial Calendar Institution Institution Analyst Analyst Recommendation Recommendation Deutsche Bank Johannes Schaller Hold DZ Bank Harald Schnitzer Hold Hauck & Aufhäuser Christian Sandherr Hold NIBC Edwin de Jong Buy Oddo BHF Stéphane Houri Buy Warburg Research Malte

  23. Slide 23: Elmos Semiconductor AG

    Elmos Semiconductor AG Heinrich‐Hertz‐Str. 1 | 44227 Dortmund | Germany Telephone: + 49 231 75 49 7859 | Telefax: + 49 231 75 49 111 invest@elmos.com | www.elmos.com DISCLAIMER This presentation contains forward‐looking statements based on beliefs of Elmos‘ management. Such statements reflect the co

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