Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q4 FY2009 Earnings Presentation

30 slides from Infineon Technologies's earnings presentation, Nov 19, 2009

  1. Slide 1: Fourth Quarter FY 2009 Quarterly Update

    Fourth Quarter FY 2009 Quarterly Update Infineon Technologies AG Investor Relations

  2. Slide 2: Infineon Results and Outlook; Business Highlights

    Î Infineon Results and Outlook Î Business Highlights November 19, 2009 Copyright © Infineon Technologies 2009. All rights reserved. Page 2

  3. Slide 3: Q4 FY09 Revenue Increased to EUR 855m; Segment Result On Par With Year-Ago Levels

    Q4 FY09 Revenue Increased to EUR 855m; Segment Result On Par With Year-Ago Levels Q4 FY08 Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 1.049 [EUR m] 855 742 761 669 56 52 0 -106 -113 [eWLB (embedded wafer-level ball grid array)] Revenue Segment Result November 19, 2009 Copyright © Infineon Technologies 2009. All

  4. Slide 4: Q4 FY09 Revenue and Result by Segment: All Operating Segments Profitable

    Q4 FY09 Revenue and Result by Segment: All Operating Segments Profitable [EUR m] 300 257 265 250 238 200 150 100 88 50 31 21 18 1 6 1 0 -3 Revenue Segment Result -16 -50 Automotive Industrial & Chip Card Wireless Other Corporate & Multimarket & Security Solutions Operating Eliminations Segments Nove

  5. Slide 5: Strong Net Cash Position After Capital Increase and Initial Debt Repayments

    Strong Net Cash Position After Capital Increase and Initial Debt Repayments Capital structure [EUR m] improved in Q4 FY09 1,170 1,072 986 1,022 „ Repurchase of EUR 122m 446 347 850 443 nominal amount of 377 outstanding bonds 280 including early redemption of exchangeable bond on September 29, 2009.

  6. Slide 6: CapEx Significantly Below D&A in FY 2010

    CapEx Significantly Below D&A in FY 2010 CapEx1) excl. WLC D&A excl. WLC [EUR m] 600 552 513 500 458 Q4 ~400 400 Q3 300 220 - 250 Q2 200 154 Q4 100 Q1 Q2 Q1 0 FY 2008 FY 2009 Guidance FY 2008 FY 2009 Guidance for FY10 for FY10 1) For definition please see slide 25 in appendix. November 19, 2009 Copy

  7. Slide 7: Strong Working Capital Management

    Strong Working Capital Management Working Capital2) Inventories [EUR m] Bars: Inventories [EUR m] Lines: DoI2) [days] incl. WLC excl. 665 350 WLC 700 661 incl. WLC excl. 100 293 WLC 90 300 600 543 521 503 80 250 214 500 460 70 200 400 60 142 50 150 300 40 106 100 200 30 35 20 50 100 -3 10 0 0 0 Q4 F

  8. Slide 8: Reduction of OpEx under IFX10+

    Reduction of OpEx under IFX10+ S and G&A excl. WLC R&D excl. WLC [EUR m] 180 153 160 138 133 140 109 108 118 120 103 100 99 90 100 80 60 40 20 0 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY08 FY09 FY09 FY09 FY09 FY08 FY09 FY09 FY09 FY09 Selling General & Administration November 19, 2009 Copyright © Infineon Tec

  9. Slide 9: Q1 FY10 Outlook (IFRS)

    Q1 FY10 Outlook (IFRS) ƒ Reflecting the sale of the WLC business, Infineon will classify WLC as discontinued operations in its consolidated financial statements for Q4 FY09 and fiscal year ending September 30, 2009, effective as of the fourth quarter. The closing of the sale has been announced on No

  10. Slide 10: FY 2010 Outlook (IFRS)

    FY 2010 Outlook (IFRS) ƒ Reflecting the sale of the WLC business, Infineon will classify WLC as discontinued operations in its consolidated financial statements for Q4 FY09 and fiscal year ending September 30, 2009, effective as of the fourth quarter. The closing of the sale has been announced on No

  11. Slide 11: Infineon Results and Outlook; Business Highlights

    Î Infineon Results and Outlook Î Business Highlights November 19, 2009 Copyright © Infineon Technologies 2009. All rights reserved. Page 11

  12. Slide 12: Focus Areas and Target Markets Revenue Split by Focus Area

    Focus Areas and Target Markets Revenue Split by Focus Area FY 2009 revenue split Industrial & Multimarket Automotive Energy Efficiency: EUR 1744m Security: Communications: EUR 341m EUR 917m Wireless Chip Card Solutions & Security November 19, 2009 Copyright © Infineon Technologies 2009. All rights r

  13. Slide 13: Automotive Segment (ATV)

    Automotive Segment (ATV) Revenue and Segment Result for FY08 and FY09 Revenue Segment Result [EUR m] 350 310 324 311 312 300 238 250 206 206 189 200 150 100 23 25 36 21 21 50 0 -50 -17 -100 -56 -65 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY08 FY08 FY08 FY08 FY09 FY09 FY09 FY09 Major recent developments „ Revenue wa

  14. Slide 14: Three Major Applications in Electric Cars: Drive Train, Battery Management, Charger

    Three Major Applications in Electric Cars: Drive Train, Battery Management, Charger Drive Train Components: – HybridPACK1 for mild hybrids (≤ 30 kW) – HybridPACK2 for full hybrids (up to 150 kW) – discrete IGBTs for electric vehicles What counts? – highest power density – innovative material combina

  15. Slide 15: Electric Drive Train is Gaining Momentum – Numerous Vehicle Launches Expected 2010 through 2014

    Electric Drive Train is Gaining Momentum – Numerous Vehicle Launches Expected 2010 through 2014 Market growth fostered by new vehicle launches Fast followers enter HEV market HEV introduction dominated by Japanese OEMs [HEV = hybrid electric vehicle] 1.4m 2010 – 2014: 4.4m cars CAGR 26% cars Source:

  16. Slide 16: Industrial & Multimarket Segment (IMM)

    Industrial & Multimarket Segment (IMM) Revenue and Segment Result for FY08 and FY09 Revenue Segment Result [EUR m] 350 325 291 276 279 300 257 234 221 250 193 200 150 100 56 50 26 23 29 31 2 9 0 -50 -7 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY08 FY08 FY08 FY08 FY09 FY09 FY09 FY09 Major recent developments „ Number

  17. Slide 17: Technically Superior Power Semiconductors in Prestigious Buildings

    Technically Superior Power Semiconductors in Prestigious Buildungs Vatican’s Auditorium Location: Auditorium Paolo VI, Rome, Italy Key data: – 220 kW power generation, saving of 225 t CO2 / year Efficiency: more than 98% Components: CoolMOS, discrete IGBT, IGBT modules Customer: SMA Solar Technology

  18. Slide 18: Renewable Energy Projects Powered by Infineon's Power Semiconductors

    Renewable Energy Projects Powered by Infineon’s Power Semiconductors BARD Offshore 1 Germany‘s first off-shore wind park. Location: 90 km northwest of Borkum, North Sea, Germany Key data: – 80 wind turbines of 5 MW each – 400 MW total power generation – completion exp. end of CY 2010 Components: Pow

  19. Slide 19: Chip Card & Security Segment (CCS)

    Chip Card & Security Segment (CCS) Revenue and Segment Result for FY08 and FY09 Revenue Segment Result [EUR m] 140 116 121 113 115 120 100 91 88 80 82 80 60 40 17 19 20 10 6 4 1 0 -20 -1 -8 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY08 FY08 FY08 FY08 FY09 FY09 FY09 FY09 Major recent developments „ Number 1 in chip c

  20. Slide 20: Three Core Competencies at CCS

    Three Core Competencies at CCS Tailored Security Focus on: implementation of made-to-measure security functions which fulfill application-specific security needs Applications: – brand protection – object identification – Pay-TV Embedded Control Focus on: right trade-off between computing power, powe

  21. Slide 21: Wireless Solutions Segment (WLS)

    Wireless Solutions Segment (WLS) Revenue and Segment Result for FY08 and FY09 Revenue Segment Result [EUR m] 350 286 300 253 251 265 250 205 204 197 197 200 150 100 50 18 19 18 3 0 -50 -16 -23 -29 -44 -100 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY08 FY08 FY08 FY08 FY09 FY09 FY09 FY09 Major recent developments „ Re

  22. Slide 22: Recent Product Launches

    Recent Product Launches HSUPA Platform XMM 6160 Features: 65nm technology; power management unit (PMU) and baseband monolithically integrated. Status: – ramp at major customers in CY 2010 EDGE Platform XMM 2130 Features: 65nm technology; PMU, baseband, RF transceiver, and memory monolithically integ

  23. Slide 23: Wireline Communications (WLC) Sold – WLC Has Become Lantiq

    Wireline Communications (WLC) Sold – WLC Has Become Lantiq Sale of WLC closed on November 06, 2009 ƒ Sale of WLC to Golden Gate Capital closed on November 06, 2009. ƒ Purchase price amounted to EUR 243m. ƒ Book gain of more than EUR 100m will be recorded in Q1 FY10. ƒ Product supply agreements with

  24. Slide 24: Infineon

    Cinfineon Innovative semiconductor solutions for energy efficiency, communications and security.

  25. Slide 25: Notes

    Notes CapEx = ‘Purchase of property, plant and equipment‘ + ‘Purchase of intangible assets, and other assets‘ incl. capitalization of R&D expenses Working Capital = (‘Total current assets’ – ‘Cash’ – ‘Available-for-sale financial assets’ – ‘Assets classified as held for disposal’) – (‘Total current

  26. Slide 26: Infineon Condensed Consolidated Statements of Operations (IFRS)

    Infineon Condensed Consolidated Statements of Operations (IFRS) (unaudited) Consolidated Statements of Operations 3 months ended For the years ended in Euro million Sep 30, 08 Jun30, 09 Sep 30, 09 Sep 30, 08 Sep 30, 09 Revenue 1,049 761 855 3,903 3,027 Cost of goods sold (714) (561) (607) (2,581) (2

  27. Slide 27: Infineon Consolidated Balance Sheet (IFRS)

    Infineon consolidated Balance Sheet (IFRS) (unaudited) in Euro million Sep 30, 08 Jun 30, 09 Sep 30, 09 Assets Current assets: Cash and cash equivalents 749 767 1,414 Available-for-sale financial assets 134 104 93 Trade and other receivables 799 496 514 Inventories 665 521 460 Income tax receivable

  28. Slide 28: Infineon Condensed Consolidated Statements of Cash Flows (IFRS)

    Infineon Condensed Consolidated Statements of Cash Flows (IFRS) (unaudited) 3 months ended For the years ended (€ millions) Sep 30, 08 Jun 30, 09 Sep 30, 09 Sep 30, 08 Sep 30, 09 Net income (loss) (884) (23) 14 (3,747) (671) Less: net (income) loss from discontinued operations, net of income taxes 5

  29. Slide 29: Financial Calendar and IR Contacts

    Financial Calendar and IR Contacts Financial Calendar IR Contacts „ Jan 29, 2010* Q1 FY10 Results Ulrich Pelzer Corporate Vice President „ Feb 11, 2010* Corporate Development & Investor Relations Annual General Meeting, Munich +49 89 234-26153 ulrich.pelzer@infineon.com „ Feb 16, 2010 Presentation a

  30. Slide 30: Disclaimer

    Disclaimer This presentation was prepared as of November 19, 2009 and is current only as of that date. This presentation includes forward-looking statements about the future of Infineon’s business and the industry in which we operate. These include statements relating to general economic conditions,

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