Slide 1: Presentation results Q3 2020
Presentation results Q3 2020 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 1
Slide 2: What do we do?
What do we do? We create innovative micro-electronic solutions for the best imaginable future The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 2
Slide 3: Process flow
Process flow Chip design Wafer probe Final test 1 2 3 4 5 Idea Customer Wafer fab Assembly The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 3
Slide 4: presentation is ALL Rights ALL The content
The content The content of this of this presentation is presentation is CONFIDENTIAL CONFIDENTIAL & PROPRIETARY. ALL RightsALL & PROPRIETARY. Reserved. Rights Reserved. 4
Slide 5: Melexis strategy
Melexis strategy Leadership Leadershipinin Focus Focuson on sensing innovation sensingandand innovationinin driving drivingsolutions solutions Organic Organicgrowth, growth, automotive automotiveand and totoour selective selective our adjacent adjacent customers’ acquisitions acquisitions customers’
Slide 6: Common denominator: sensing & driving is everywhere
Common denominator: sensing & driving is everywhere Automotive Home Motorcycles and e-bikes Consumer Industry Healthcare The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 6
Slide 7: Melexis supplied > 1.2 billion ICs worldwide in 2019
Melexis supplied > 1.2 billion ICs worldwide in 2019 • Magnetic position sensors • Pressure sensors • Inductive position sensors • Tire monitoring sensors • Current sensors • Temperature sensors • Latch & switch • Optical sensors • Embedded drivers • Sensor interfaces • Smart drivers • Embedded ligh
Slide 8: 11 chips in every new car
11 chips in every new car Applications containing Melexis ICs Disclaimer: Please note this list is not exhaustive and only includes some of the most common applications containing Melexis ICs. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 8
Slide 9: Over 1500 people on 3 continents
Over 1500 people on 3 continents Sales & Applications Belgium – Ieper, Tessenderlo Greater China – Shanghai, Shenzhen France – Grasse, Paris Germany – Erfurt, Dresden Japan – Yokohama USA – Nashua, Detroit, San Jose South Korea – Seoul Switzerland - Bevaix Manufacturing Belgium – Ieper Bulgaria – So
Slide 10: Melexis vs Automotive Trends
Melexis vs Automotive Trends The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 10
Slide 11: Melexis vs. automotive trends
Melexis vs. automotive trends Zero emissions Powertrain systems Electrification (xHEV & xEV) Zero traffic fatalities Chassis, body & ADAS safety (assisted & autonomous drive) systems User experience Personalization (customization) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL R
Slide 12: Powertrain Systems
Powertrain Systems Levels of Electrification The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 12
Slide 13: Global vehicle production (million units)
Global vehicle production (million units) Electrification – Segmentation – Market Split Electrification ICE inside Source: IHS and Melexis estimates, updated Apr 29, 2020 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 13
Slide 14: Powertrain Systems
Internal Combustion Engine (ICE + uHEV) 48 Volt Mild Hybrid (mHEV) Powertrain Systems Full Hybrid (fHEV) - Plug-In Hybrid (pHEV) Electrical Vehicle (BEV – FCEV) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 14
Slide 15: Powertrain Systems
Powertrain Systems Source: IHS and Melexis estimates, updated Apr 29, 2020 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 15
Slide 16: Chassis - Body - Safety Systems
Chassis - Body - Safety Systems Chassis Body Safety Braking – Steering – Suspension Lighting – HVAC - Others (Passive) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 16
Slide 17: Chassis – Body – Safety Systems
Chassis – Body – Safety Systems Source: IHS and Melexis estimates, updated Apr 29, 2020 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 17
Slide 18: Melexis in automotive
Melexis in automotive Source: IHS and Melexis estimates, updated Apr 29, 2020 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 18
Slide 19: BMW 530e
BMW 530e The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 19
Slide 20: Melexis beyond automotive
Melexis beyond automotive Sensors & drivers for similar challenges • White goods – Focus on CO2 • Robotics – Focus on autonomy • Motorcycles and e-bikes • Thermal information – People detection • Industry 4.0 – Closed loop control • Environmental imaging • Drones • Industrial position sensing • Heal
Slide 21: Milestones
Milestones The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 21
Slide 22: Evolution financials 2000-2020
3Q20 3Q20 3Q20 1Q20 1Q20 1Q20 3Q19 3Q19 3Q19 1Q19 1Q19 1Q19 3Q18 3Q18 3Q18 1Q18 1Q18 1Q18 3Q17 3Q17 3Q17 1Q17 1Q17 1Q17 3Q16 3Q16 3Q16 1Q16 1Q16 1Q16 3Q15 3Q15 3Q15 1Q15 1Q15 1Q15 3Q14 3Q14 3Q14 1Q14 1Q14 1Q14 3Q13 3Q13 3Q13 1Q13 1Q13 1Q13 3Q12 3Q12 3Q12 1Q12 1Q12 1Q12 3Q11 3Q11 3Q11 1Q11 1Q11 1Q11
Slide 23: % ASSP sales % automotive sales
% ASSP sales % automotive sales 75% 95% 72.0% 70% 90% 65% 88% 85% 60% 55% 80% 50% 75% 45% 70% 40% 65% 35% 30% 60% 2005 2007 2009 2011 2013 2015 2017 2019 2005 2007 2009 2011 2013 2015 2017 2019 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 23
Slide 24: Q3 2020 results at a glance
Q3 2020 results at a glance Sales Gross margin Operating result 121.6m EUR 36.9% 12.9% 44.9m EUR 15.7m EUR -1% Y-o-Y -9% Y-o-Y -14% Y-o-Y Net result Oper. cash flow Net cash 0.37 EPS (before wcap change) 17.0m EUR 14.9m EUR 19.7m EUR -39% Y-o-Y -3% Y-o-Y Outlook Melexis expects sales in the fourth q
Slide 25: Profit & loss
Profit & loss Q3 2020 versus Q3 2019 versus Q2 2020 P&L account Q3 2020 % of Sales Q3 2019 % of Sales Q2 2020 % of Sales (in million EUR) Sales 121.6 100.0% 123.3 100.0% 100.4 100.0% Cost of goods sold -76.7 -63.1% -74.0 -60.0% -61.6 -61.3% Gross margin 44.9 36.9% 49.3 40.0% 38.8 38.7% R&D -18.7 -15
Slide 26: Balance sheet
Balance sheet Q3 2020 versus Q3 2019 versus Q2 2020 Balance Sheet Q3 2020 Q3 2019 Q2 2020 (in million EUR) Total assets 454.8 453.9 442.9 Current assets Cash 78.8 60.2 57.6 Inventory 131.6 128.0 148.4 A/R Trade 63.5 69.7 49.0 Non-current assets 167.8 182.2 172.5 Shareholders' equity 343.4 336.1 329.
Slide 27: Q3 2020 cash flow
Q3 2020 cash flow Mln. EUR Free cash flow of 21.2 mln EUR in 3Q20 (29.8 mln EUR in 3Q19) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 29
Slide 28: Dividend yield
Dividend yield Gross dividend per share (EUR) (*) 2004 1.00 Based on average share price 2005 0.50 2006 0.50 EUR 2007 0.60 2.50 9% 2008 0.60 8% 2009 0.00 2.00 7% 2010 0.30 6% 2011 0.60 1.50 5% 2012 0.65 4% 2013 0.70 1.00 3% 2014 1.00 2% 2015 1.90 0.50 1% 2016 2.00 2017 2.10 0.00 0% 2018 2.20 2019 1.
Slide 29: Shareholders structure & shareholder return
Shareholders structure & shareholder return Shareholder structure on Shareholder Return 30 Sep 2020 2002-2020 160 Return investment 2002-2020 = 16% per year 140 120 100 45.57% Xtrion 53.58% Treasury Shares 80 Public 60 40 20 0.86% 0 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Share price Total
Slide 30: Some recent product launches – Sense & Drive
Some recent product launches – Sense & Drive The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 33
Slide 31: Some recent product launches – Sense & Light
Some recent product launches – Sense & Light The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 34
Slide 32: Melexis Investor Relations
Melexis Investor Relations Karen van Griensven CFO Geert Reynders investor@melexis.com Investor Relations +32 (0)13 67 07 79 Joren Vanvelk Financial Analyst Valerie Kerfs IR Assistant The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 35