Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q3 FY2022 Earnings Presentation

15 slides from Infineon Technologies's earnings presentation, Aug 3, 2022

  1. Slide 1: Third Quarter FY 2022 Analyst Call

    Third Quarter FY 2022 Analyst Call Infineon Technologies AG Investor Relations 1

  2. Slide 2: Group financial performance

    Group financial performance Revenues and segment result USD exchange rate [EUR m] Revenues Segment result Margin +33% Average exchange rate +10% Q3 Q2 Q3 3,618 FY21 FY22 FY22 3,298 3,159 ø USD/EUR 1.20 1.12 1.06 3,007 2,722 Order backlog1 [EUR bn] 42 37 29 31 23.1% 23.3% 20.5% 22.7% 23 18.2% 717 761

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues Segment Result Margin [EUR m] [EUR m] +41% 399 +14% 1,701 324 1,491 261 1,390 1,205 1,267 199 211 23.5% 21.7% 16.7% 18.8% 16.5% Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 › Positive development driven by additional capacity, favorable pr

  4. Slide 4: Industrial Power Control (IPC)

    Industrial Power Control (IPC) Revenues Segment Result Margin [EUR m] [EUR m] +6% +1% 430 436 412 407 382 93 82 82 72 73 19.9% 21.6% 18.8% 17.7% 19.1% Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 › Renewable energy and power infrastructure solutions continue to thr

  5. Slide 5: Power & Sensor Systems (PSS)

    Power & Sensor Systems (PSS) Revenues Segment Result Margin [EUR m] [EUR m] +35% +10% 1,021 285 945 955 925 276 277 237 757 167 29.2% 29.8% 27.1% 25.6% 22.1% Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 › Strong traction continued for enterprise power solutions, so

  6. Slide 6: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues Segment Result Margin [EUR m] [EUR m] +32% +2% 456 108 448 100 427 386 84 346 60 47 23.4% 24.1% 18.4% 13.6% 15.5% Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 › Demand in key areas like industrial IoT, smart buildings and ide

  7. Slide 7: Gross margin and Opex

    Gross margin and Opex Gross profit R&D SG&A [EUR m] Gross margin as reported [EUR m] R&D expenses as % of revenue [EUR m] SG&A expenses as % of revenue Gross profit as reported R&D expenses SG&A expenses 1,564 1,416 1,312 1,238 466 447 1,065 399 399 414 376 373 369 342 330 43.2% 42.9% 41.2% 41.5% 39

  8. Slide 8: 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] 596 542 494 408 477 422 440 380 397 393 405 378 378 285 120 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY21 FY21 FY22 FY22 FY22 FY21 FY21 FY22 FY22 FY22 FY21 F

  9. Slide 9: Liquidity development

    Liquidity development Historical liquidity development [EUR m] 4,284 3,922 3,863 3,569 3,205 -2,373 -6,657 -6,054 -2,485 Q3 Q4 Q1 Q2 Q3 -6,585 -2,663 -5,881 -2,676 -6,808 -2,945 FY21 FY21 FY22 FY22 FY22 Gross Cash Gross Debt Net Cash/Debt 2022-08-03 Copyright © Infineon Technologies AG 2022. All rig

  10. Slide 10: Outlook for Q4 FY22 and FY22

    Outlook for Q4 FY22 and FY22 Outlook Q4 FY221 Outlook FY221 Revenue ~ €3.9bn ~ €14.0bn Segment Result Margin ~ 25% > 23% Investments in FY22 ~ €2.4bn D&A in FY22 €1.6bn - €1.7bn2 Free Cash Flow in FY22 ~ €1.4bn 1 Based on an assumed average exchange rate of $1.05 for €1.00 2 Including the amortizati

  11. Slide 11: Key points

    Key points Strong third quarter Q3 FY22 – €3.6bn revenue, 23.3% Segment Result Margin, Free Cash Flow €440m Infineon’s secular fundamentals remain in place › Semiconductors are indispensable building blocks of decarbonization and digitalization › We observe robust near-term dynamics in our main targ

  12. Slide 12: Questions & Answers

    Questions & Answers 2022-08-03 Copyright © Infineon Technologies AG 2022. All rights reserved. 12

  13. Slide 13: Disclaimer

    Disclaimer This presentation contains forward-looking statements about the business, financial condition and earnings performance of the Infineon Group. These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a

  14. Slide 14: Notes

    Notes Order backlog = The total amount of orders received regardless of their current status Working Capital = ('Total current assets' – 'Cash and cash equivalents' – 'Financial investment' – 'Assets classified as held for sale') – ('Total current liabilities' – 'Short term debt and current maturiti

  15. Slide 15: Cinfineon

    Cinfineon Part of your life. Part of tomorrow.

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