Elmos Semiconductor SE · XETR:ELG
Elmos Semiconductor — Analysts' Conference 2017
23 slides from Elmos Semiconductor's conference presentation, Feb 15, 2017
Slide 1: Analysts' Conference | February 15, 2017
Analysts‘ Conference | February 15, 2017 Copyright © 2013 Elmos Semiconductor AG. All rights reserved. No redistribution without prior admission. Confidential
Slide 2: Table of Content
Table of Content Company Overview & Growth Drivers Financials 2016 & Outlook 2017 2
Slide 3: The Expert in Analog Mixed Signal Solutions
The Expert in Analog Mixed Signal Solutions Analog mixed signal ICs since 1984 Long product life cycles Focus on automotive applications Roughly 1,100 employees worldwide Fablite strategy for a flexible Innovation driven by significant production network and a broad investment in R&D (~16% of sales
Slide 4: Global Organization with German Roots
Global Organization with German Roots Headquarter in Dortmund, Germany Own Production in Dortmund|NRW and Milpitas, USA Worldwide Footprint: Focus on local application support 4
Slide 5: Elmos supplies the Car Industry
Elmos supplies the Car Industry Selected Elmos automotive customers Car OEMs trust in Elmos technology Baojun 5
Slide 6: Business Lines paving the Way for The Next Smart Device: The Car
Business Lines paving the Way for >>The Next Smart Device: The Car << BL1 – Sensors BL2 – Motor Control BL3 – Embedded Solutions Stepper Stepper Interface Ultrasonic Stepper Safety DC DC + DC Optical Power Lighting Other Pressure BLDC BLDC BLDC Infotainment Worldwide Ultrasonic park assistance Ambie
Slide 7: Business Highlights in the Course of 2016
Business Highlights in the Course of 2016 Quarterly Sales (million Euro) & Gross margin (%) Strong Products Top level Design Win success, topping 2012 and 2015 +12.7% Setting standards for applications, 63.5 e.g. LED rear light & gesture control 55.0 56.4 53.7 Gained a significant number of new 46.4
Slide 8: Business Highlights continued
Business Highlights continued International Markets More ASSPs Asia/Pacific: Share of total sales in %/ Sales in million Euro Share of >50% ASSP sales are ASSP sales ~40% continuously +118% ~35% rising 35.2% ~25% Majority of ICs in ~20% 31.4% development are ASSPs 26.7% 23.4% 80.5 20.5% 68.9 2013 20
Slide 9: Automotive Electronics getting a new Meaning
Automotive Electronics getting a new Meaning >>The Next Smart Device: The Car << Todays´ Concept Cars – Full of Electronics and Growth Opportunities for Elmos The Global Megatrends… …are enabled by: Electronic, Software & Semiconductors 9
Slide 10: Guidance 2016 achieved
Guidance 2016 achieved Guidance (as of February 18, 2016) Actual achievements 2016 Sales (2016 vs. 2015) 2% - 6% sales growth 4.1% EBIT margin Roughly 10% of sales 10.1% Capex Less than 12% of sales 10.7% Adjusted free cash flow* Positive 9.1 million Euro 1.10 US-Dollar / Euro 1.11 US-Dollar / Euro
Slide 11: Table of Content
Table of Content Company Overview & Growth Drivers Financials 2016 & Outlook 2017 11
Slide 12: Sales Growth and Gross Margin
Sales Growth and Gross Margin Quarterly Sales (million Euro) & Gross margin (%) Yearly Sales (million Euro) & Gross margin (%) +4.1% +12.7% 219.6 228.6 63.5 209.5 53.7 55.0 56.4 189.1 180.1 46.4% 43.2% 43.6% 42.3% 42.2% 41.9% 41.7% 42.3% 36.7% Q1 2016 Q2 2016 Q3 2016 Q4 2016 2012 2013 2014 2015 2016
Slide 13: EBIT and EBIT Margin
EBIT and EBIT Margin Quarterly EBIT (million Euro) & EBIT margin (%) Yearly EBIT (million Euro) & EBIT margin (%) 11.2 24.5 22.6 23.1 17.7% 6.3 4.8 11.2% 11.5 12.7 10.8% 11.2% 10.1% 6.4% 6.7% 0.8 8.7% 1.5% Q1 2016 Q2 2016 Q3 2016 Q4 2016 2012 2013 2014 2015 2016 Positive development over the course
Slide 14: Overview of further Key Figures
Overview of further Key Figures Net Income1 (million Euro) & Basic EPS (Euro) Capex (million Euro & % of sales) 18.3 30.5 16.2 15.9 2 24.7 24.5 17.9 9.4 15.6 14.6% 8.1 0.94 0.82 0.80 9.9% 11.3% 10.7% 0.49 8.2% 0.42 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Adjusted Free Cash Flow3 (million E
Slide 15: Proposal to the AGM: slight Dividend increase for 2016
Proposal to the AGM: slight Dividend increase for 2016 Dividend (in Euro) +6% +32% 0.35* 0.33 0.33 +25% 0.25 0.25 0.25 0.20 2010 2011 2012 2013 2014 2015 2016 Prerequisite for future dividend payment: earnings as well as cash flow development sustainably positive * Proposal for the AGM on May 11th,
Slide 16: Outlook – Economic Environment
Outlook – Economic Environment Market (Source) Forecast Global Economy (IWF) +3.4% (January 16, 2017) Automotive Market (VDA) +3% (January 26, 2017) Worldwide +7.2% (January 23, 2017) Semiconductor Market (Gartner) Worldwide Automotive +4.5% (Average 2016-2020) Semiconductor Market (ZVEI) Press Over
Slide 17: Accelerated Growth for 2017
Accelerated Growth for 2017 Guidance as of February 15, 2017 Sales Growth in higher single digit percentage area EBIT margin Slightly better than previous year (2016: 10.1%) Capex Less than 12% of sales Adjusted free cash flow* Positive Assumed exchange rate 1.10 US-Dollar / Euro * Cash flow from op
Slide 18: Elmos Financial Calender 2017
Elmos Financial Calender 2017 Event Date Financial Results 2016* March 15, 2017 Quarterly Results Q1 / 2017* May 4, 2017 AGM in Dortmund May 11, 2017 Quarterly Results Q2 / 2017* August 2, 2017 Quarterly Results Q3 / 2017* November 8, 2017 * The German Securities Trading Act (Wertpapierhandelsgesetz
Slide 19: Thank you for your attention
Thank you for your attention Copyright © 2013 Elmos Semiconductor AG. All rights reserved. No redistribution without prior admission. Confidential
Slide 20: Elmos Semiconductor AG
Elmos Semiconductor AG Heinrich-Hertz-Str. 1 | 44227 Dortmund | Germany Telephone: + 49 231 75 49 273 | Telefax: + 49 231 75 49 111 invest@elmos.com | www.elmos.com DISCLAIMER This presentation contains forward-looking statements based on beliefs of Elmos‘ management. Such statements reflect the com
Slide 21: Elmos Shareholder Structure set for long-term Perspective
Elmos Shareholder Structure set for long-term Perspective Listed at Weyer Beteiligungsgesellschaft mbH German Stock and related parties Exchange Anchor 19.9% shareholders hold controlling stake 14.1% ZOE-VVG GmbH and related A well governed 14.8% parties and transparent company Free float 50.1%* Own
Slide 22: Research Coverage
Research Coverage Deutsche Bank Johannes Schaller Hold DZ Bank Harald Schnitzer Buy Hauck & Aufhäuser Tim Wunderlich Buy Montega AG Christopher Rodler Buy Natixis Securities Stéphane Houri Hold Oddo Seydler Bank AG Veyzel Taze Hold Warburg Research Malte Schaumann Buy 22
Slide 23: Key Financials – Five-year Overview
Key Financials – Five-year Overview In million Euro unless otherwise indicated 2012 2013 2014 2015 2016 Sales 180.1 189.1 209.5 219.6 228.6 Gross profit 76.1 79.2 91.4 91.6 96.8 R&D 35.0 34.4 36.1 37.1 36.0 Operating income 7.6 10.3 19.4 18.1 22.0 EBIT 11.5 12.7 22.6 24.5 23.1 Net income attributabl