Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q2 FY2022 Earnings Presentation

15 slides from Infineon Technologies's earnings presentation, May 9, 2022

  1. Slide 1: Second Quarter FY 2022 Analyst Call

    Second 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 +22% Average exchange rate +4% Q2 Q1 Q2 3,298 3,159 FY21 FY22 FY22 3,007 ø USD/EUR 1.21 1.14 1.12 2,700 2,722 Order backlog1 [EUR bn] 37 29 31 22.7% 23.1% 23 20.5% 18 17.4% 18.2% 616 717

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues Segment Result Margin [EUR m] [EUR m] +22% +7% 1,491 324 1,390 1,219 1,205 1,267 261 199 211 197 21.7% 16.7% 18.8% 16.2% 16.5% Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 › Positive development supported by additional capacity availabilit

  4. Slide 4: Industrial Power Control (IPC)

    Industrial Power Control (IPC) Revenues Segment Result Margin [EUR m] [EUR m] +19% +13% 412 430 407 382 361 93 82 72 73 59 19.9% 21.6% 16.3% 17.7% 19.1% Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 › Automation and drives, home appliances and power infrastructure s

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

    Power & Sensor Systems (PSS) Revenues Segment Result Margin [EUR m] [EUR m] +18% -3% 945 955 925 285 276 787 757 237 184 167 29.2% 29.8% 25.6% 23.4% 22.1% Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 › Strong demand across key applications – but: delivery capabilit

  6. Slide 6: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues Segment Result Margin [EUR m] [EUR m] +36% +5% 448 108 427 100 386 329 346 60 47 30 24.1% 23.4% 13.6% 15.5% 9.1% Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 › Revenue and segment result improved – in particular microcontroll

  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 1,416 1,312 1,238 1,065 447 972 376 399 399 373 369 341 328 342 330 42.9% 41.2% 41.5% 39.1% 36.0

  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] 596 494 408 477 332 397 393 405 407 368 380 378 378 285 120 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY21 FY21 FY21 FY22 FY22 FY21 FY21 FY21 FY22 FY22 FY21 F

  9. Slide 9: Liquidity development

    Liquidity development Historical liquidity development [EUR m] 4,284 3,922 3,863 3,444 3,205 -6,657 -2,373 Q2 Q3 Q4 Q1 Q2 -2,663 -6,585 -5,881 -2,676 -6,808 FY21 FY21 -2,945 FY21 FY22 FY22 -6,859 -3,415 Gross Cash Gross Debt Net Cash/Debt 2022-05-09 Copyright © Infineon Technologies AG 2022. All rig

  10. Slide 10: Outlook for Q3 FY22 and FY22

    Outlook for Q3 FY22 and FY22 Outlook Q3 FY221 Outlook FY221 Revenue ~ €3.4bn €13.5bn +/- €500m At the mid-point of the revenue guidance: Segment Result Margin ~ 21% > 22% Investments in FY22 ~ €2.4bn D&A in FY22 €1.6bn - €1.7bn2 Free Cash Flow in FY22 ~ €1.1bn 1 Based on an assumed average exchange

  11. Slide 11: Key points

    Key points Strong second quarter Q2 FY22 – €3.3bn revenue, 23.1% Segment Result Margin, Free Cash Flow €120m Infineon’s secular fundamentals remain strong › In our main target application areas near-term dynamics are robust – supply demand imbalances are stretching into the upcoming quarters › The o

  12. Slide 12: Questions & Answers

    Questions & Answers 2022-05-09 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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