Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q4 FY2021 Earnings Presentation

15 slides from Infineon Technologies's earnings presentation, Nov 10, 2021

  1. Slide 1: Fourth Quarter FY 2021 Analyst Call

    Fourth Quarter FY 2021 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 Average exchange rate 3,007 60,0% Q4 Q3 Q4 2,631 2,700 2,722 FY20 FY21 FY21 2,490 50,0% ø USD/EUR 1.17 1.20 1.18 40,0% 2.000 Book-to-bill1 30,0% 20.5% 18.6% 17.4% 18.2% 2.42 15.2% 20,0% 2

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues1 Segment Result1 Margin Book-to-bill [EUR m] [EUR m] 211 197 199 1,219 1,205 1,267 185 2.52 1,150 2.3 2.32 1,045 1.5 16.1% 16.2% 16.5% 16.7% 1.3 59 5.6% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21 ›

  4. Slide 4: Industrial Power Control (IPC)

    Industrial Power Control (IPC) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 412 407 362 361 82 349 72 69 2.01 61 59 1.81 1.6 1.4 1.1 19.8% 19.9% 16.9% 17.7% 16.3% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21 ›

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

    Power & Sensor Systems (PSS) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 945 276 2.51 779 787 757 759 209 197 184 1.9 29.2% 1.81 27.5% 167 1.6 25.3% 23.4% 1.2 22.1% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21

  6. Slide 6: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues1 Segment Result1 Margin Book-to-bill [EUR m] [EUR m] 3.42 386 346 60 2.6 333 335 329 2.6 45 47 2.12 42 30 1.1 13.6% 15.5% 12.6% 13.4% 9.1% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21 FY20 FY21 FY21 FY21 FY21 ›

  7. Slide 7: Gross margin and Opex

    Gross margin and Opex Gross profit R&D SG&A [EUR m] Gross profit as reported [EUR m] R&D expenses [EUR m] SG&A expenses Gross margin as reported R&D expenses as % of revenue SG&A expenses as % of revenue 1,238 399 376 373 1,065 341 342 985 972 333 328 308 308 311 793 39.1% 41.2% 37.4% 36.0% 31.8% 12

  8. Slide 8: Working Capital, in particular trade working capital components

    Working Capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days] 2,052 1,955 2,053 2,181 1,937 1,007 993 945 855 711 109 107 101 112 111 Q4 FY20 Q1 FY21 Q2 Q3 Q4 Q4 FY20 Q1 FY21 Q2 Q3 Q4 Inventories DIO¹ Trade receivables Trade payables [EUR m] [day

  9. Slide 9: Outlook for Q1 FY22 and FY22

    Outlook for Q1 FY22 and FY22 Outlook Q1 FY221 Outlook FY221 Revenue ~ €3.0bn €12.7bn +/- €500m At the mid-point of the revenue guidance: Segment Result Margin ~ 21% ~ 21% Investments in FY22 ~ €2.4bn D&A in FY22 €1.6bn - €1.7bn2 Free cash flow in FY22 ~ €1.0bn 1 Based on an assumed average exchange

  10. Slide 10: Questions & Answers

    Questions & Answers 2021-11-10 Copyright © Infineon Technologies AG 2021. All rights reserved. 10

  11. Slide 11: Key points

    Key points Record fourth quarter and strong 2021 fiscal year Q4 FY21 – €3.0bn revenue, 20.5% Segment Result Margin FY21 – €11.1bn revenue, 18.7% Segment Result Margin Semiconductors are becoming ever more strategic and product-defining › Infineon is ideally positioned to shape and benefit from the t

  12. Slide 12: 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

  13. Slide 13: Notes: Book-to-bill ratio definition

    Notes Book-to-bill ratio - Definition Book-to-bill = Orders received / Revenue in Euro per quarter › Orders received contains order backlog and external customer forecast External customer forecast includes consignment stock forecast by customers Not included are internal consignment replenishment o

  14. Slide 14: Notes

    Notes 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 maturities of long-term debt' – 'Liabilities classified as held for sale') DIO (days inventory

  15. Slide 15: Infineon: Part of your life. Part of tomorrow.

    Cinfineon Part of your life. Part of tomorrow.

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