Infineon Technologies Ag · XETR:IFX
Infineon Technologies — Q2 FY2009 Earnings Presentation
25 slides from Infineon Technologies's earnings presentation, Apr 30, 2009
Slide 1: Second Quarter FY 2009 Quarterly Update
Second Quarter FY 2009 Quarterly Update Infineon Technologies AG Investor Relations
Slide 2: Disclaimer
Disclaimer This presentation was prepared as of April 30, 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, fu
Slide 3: Infineon Results and Outlook; Qimonda Update; Business Highlights
Æ Infineon Results and Outlook Æ Qimonda Update Æ Business Highlights Apr 30, 2009 Copyright © Infineon Technologies 2009. All rights reserved. Page 3
Slide 4: Q2 FY09 Revenue EUR 747m, Segment Result EUR -110m
Q2 FY09 Revenue EUR 747m, Segment Result EUR -110m Q1 FY08 Q2 FY08 Q1 FY09 Q2 FY09 1090 1049 [EUR m] 830 747 80 67 -102 -110 Revenue Segment Result Apr 30, 2009 Copyright © Infineon Technologies 2009. All rights reserved. Page 4
Slide 5: Q2 FY09 Revenue and Segment Result by Segment
Q2 FY09 Revenue and Segment Result by Segment Automotive Industrial & Chip Card Wireless Wireline Other Corporate [EUR m] Multimarket & Security Solutions Communi- Operating & Elimi- cations Segments nations 250 204 189 193 200 150 100 80 79 50 1 2 0 1 0 -7 -8 -3 -50 -29 -65 -100 Revenue Segment Res
Slide 6: Focus Areas and Target Markets
Focus Areas and Target Markets 1H FY09 Revenue split Industrial & Multimarket Automotive Energy Efficiency Security Communications Chip Card Wireline & Security Communications Wireless Solutions Apr 30, 2009 Copyright © Infineon Technologies 2009. All rights reserved. Page 6
Slide 7: Organic Growth of Infineon on Constant Currency Basis
Organic Growth of Infineon on Constant Currency Basis Growth Rate excluding acquisitions, divestitures calculated on constant Q2 FY09 FX rates q-o-q y-o-y Infineon Technologies -11% -32% Automotive -9% -44% Industrial & Multimarket -18% -30% Chip Card & Security -12% -38% Wireless Solutions 2% -
Slide 8: Managing Cash: Working Capital, D&A and CapEx (IFRS)
Managing Cash: Working Capital, D&A and CapEx (IFRS) Working Capital [EUR m] D&A and CapEx* [EUR m] 350 600 571 299 300 ~500 500 250 220 400 369 200 148 300 150 Q2: 100 200 137 170-190 100 50 Q1: 145 51 0 40 0 Q4 FY08 Q1 FY09 Q2 FY09 D&A CapEx* D&A CapEx* =(Current Assets - Cash - Available for sale
Slide 9: Gross Cash, Gross Debt and Net Debt (Nominal Values)
Gross Cash, Gross Debt and Net Debt (Nominal Values) Debt [EUR m] Repurchase: 1,261 1,141 In the March quarter 1,040 2009, Infineon repur- 446 443 chased a total nominal 377 amount of EUR 35m of its exchangeable bond for about EUR 20m in 883 815 cash. 779 665 663 698 378 375 362 Infineon made Q4 FY0
Slide 10: Third Quarter Outlook and Update on Full Year FY 2009 Outlook (IFRS)
Third Quarter Outlook and Update on Full Year FY 2009 Outlook (IFRS) Although visibility still remains limited, Infineon expects group revenues for the third quarter to increase by approximately 10% compared to Q2. The increase in revenues will be across all segements, Revenues but driven in par
Slide 11: IFX10+ Savings
IFX10+ Savings Implemented savings in Q2 FY09 Cost savings of approx. EUR 60m in OpEx vs. Q4 FY08. Positive impact from reduced working hours in Regensburg, Dresden, and Warstein. Reduced working hours extended in April to sites Munich and Villach. Benefit from unpaid leave also materializin
Slide 12: Infineon Results and Outlook; Qimonda Update; Business Highlights
Æ Infineon Results and Outlook Æ Qimonda Update Æ Business Highlights Apr 30, 2009 Copyright © Infineon Technologies 2009. All rights reserved. Page 12
Slide 13: Qimonda
Qimonda On January 23, Qimonda AG and its wholly owned Qimonda Dresden GmbH & Co. oHG filed an application to open insolvency proceedings. On April 1, insolvency proceedings for Qimonda AG and Qimonda Dresden GmbH & Co. oHG opened. Infineon recognized a loss of ~EUR 100m in Q2 FY09 primarily r
Slide 14: Infineon Results and Outlook; Qimonda Update; Business Highlights
Æ Infineon Results and Outlook Æ Qimonda Update Æ Business Highlights Apr 30, 2009 Copyright © Infineon Technologies 2009. All rights reserved. Page 14
Slide 15: Automotive Segment: Cooperation with Bosch started on April 20, 2009
Automotive Segment Cooperation with Bosch started on April 20, 2009 Infineon and Bosch are entering a cooperation for power semiconductors Leading-edge low-voltage MOSFET technology: lowest power dissipation n highest frequency smallest die size License agreement for outstanding quality po
Slide 16: Chip Card & Security Segment: Recent Design-Wins in Near and Far East
Chip Card & Security Segment Recent Design-Wins in Near and Far East Infineon recently won projects, e.g. in Eastern Europe, Near and Far East India Turkey Beijing Wuhan Ningbo Taiwan Turkey Guangzhou Bangalore Malaysia Oman Singapore Saudi Arabia UAE Bahrain Government ID Transportation Apr 30, 200
Slide 17: Wireless Solutions Segment: Examples of Recent Phones Launched
Wireless Solutions Segment Examples of Recent Phones Launched Smart Phones Samsung Samsung LG LG LG Panasonic C6620 C6625 KM900 „Arena“ KF900 KP270 831P XMMTM6080 XMMTM6080 XMMTM6080 XMMTM6080 XMMTM6070 XMMTM6080 Entry Phones LG LG7 Samsung Samsung Samsung Samsung KS660 GB110 E1410 S3030 C3110 S3500
Slide 18: Single-Chip Design-wins at Nokia for XMM1100 and XMM2130 Platforms
Single-Chip Design-wins at Nokia for XMM™1100 and XMM™2130 Platforms XMM™2130 XMM™1100 XMM™1010 EDGE 65nm GSM/GPRS ARM1176 core 65nm 3 Mbit internal SRAM C166 core stereo RDS FM radio 2.5 Mbit internal SRAM USB 2.0 interface MP3 up to 3 Mpixel camera for FM radio GSM/GPRS
Slide 19: Low-Cost 3G, Smartphones and Convergence of Internet Devices Fuel Demand For RF Transceivers
Low-Cost 3G, Smartphones and Convergence of Internet Devices Fuel Demand For RF Transceivers Low Cost 3G Demand for Smartphones Mobile Internet Devices 3G Roll-Out in China and India • China Unicom to invest 15bn USD for WCDMA network. • 200 Chinese cities Netbook handheld covered with WCDMA gaming
Slide 20: Wireline Communications Segment: Announced Leading ADSL IAD and UTA Solution
Wireline Communications Segment Announced Leading ADSL IAD and UTA Solution XWAY™ ARX188 for High Performance IAD: 3 IPTV over ADSL2/2+ enhancements 3 All telephony standards: POTS, ISDN and DECT / CAT-iq 3 WLAN 802.11n throughput >150Mbit/s 3 Gigabit Ethernet LAN 3 2x USB 2.0 XWAY™ ARX182 for DSL-U
Slide 21: ae > FS
ae > 41 FS ci | We parune! We ¢) aate vaiue. Cinfineon Never stop thinking
Slide 22: Infineon Condensed Consolidated Statements of Operations (IFRS)
Infineon Condensed Consolidated Statements of Operations (IFRS) 3 months ended 6 months ended in Euro million Mar 31, 08 Dec 31, 08 Mar 31, 09 Mar 31, 08 Mar 31, 09 Revenue 1,049 830 747 2,139 1,577 Cost of goods sold (685) (678) (634) (1,390) (1,312) Gross profit 364 152 113 749 265 Research and de
Slide 23: Infineon Consolidated Balance Sheet (IFRS)
Infineon consolidated Balance Sheet (IFRS) in Euro million Sep 30, 08 Mar 31, 09 Assets Current assets: Cash and cash equivalents 749 532 Available-for-sale financial assets 134 133 Trade and other receivables 799 518 Inventories 665 543 Income tax receivable 29 12 Other current financial assets 19
Slide 24: Infineon Condensed Consolidated Statements of Cash Flows (IFRS)
Infineon Condensed Consolidated Statements of Cash Flows (IFRS) in EUR m Mar 31, 08 3 months ended Dec 31, 08 Mar 31, 09 Net loss (1,955) (404) (258) Less: net loss from discontinued operations 1,966 288 108 Adjustments to reconcile net loss to cash provided by (used in) operating activities: Net ca
Slide 25: Financial Calendar
Financial Calendar Jul 29, 2009 Q3 FY09 results Nov 19, 2009* Q4 FY09 and full year results * = Preliminary Date Copyright © Infineon Technologies 2009. All rights reserved. Page 25
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