Melexis Nv · EURONEXT:MELE
Melexis Nv — Melexis Nv Ieper — Q1 2025 Earnings Presentation
27 slides from Melexis Nv's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Results
Q1 2025 Results Melexis”
Slide 2: What do we do?
What do we do? Melexis engineers microelectronic solutions. Our technology makes cars and other products smarter, safer and greener. Our sensors capture data from the analog world and comprehend these data digitally. Our drivers make sure customers can bring their products to life. The content of th
Slide 3: From idea to product
From idea to product Define 1 8 Chips are everywhere Design 2 7 Test (final) Layout 3 6 External Assembly External Foundry 4 5 Test (probing)
Slide 4: Markets
ALTERNATIVE Markets MOBILITY ROBOTICS DIGITAL HEALTH SUSTAINABLE AUTOMOTIVE WORLD The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 5: Melexis ranks 4th worldwide in automotive sensors
Melexis ranks 4 th worldwide in automotive sensors Source: TechInsights (April 2025) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 6: Growth trajectory
Growth trajectory Melexis target 2024-2030 ￭ EV powertrain AUTOMOTIVE SALES* ￭ EV thermal management ≥10 % CAGR ￭ ￭ ￭ EV battery E-braking & E-steering Lighting ￭ Alternative mobility BEYOND AUTOMOTIVE SALES ￭ Sustainable world ≥15 % CAGR ￭ ￭ Robotics Digital health *ASSUMPTION: 0% GROWTH FOR THE GL
Slide 7: Global locations
3 continents Sales & Applications Belgium – Ieper, Tessenderlo Taipei Manufacturing Belgium – Ieper Greater China – Shanghai, Shenzhen, Bulgaria – Sofia France – Corbeil-Essonnes Research & Development Belgium – Ieper, Tessenderlo Bulgaria – Sofia France – Sophia Antipolis, Paris 20 locations France
Slide 8: Major automotive trends
Major automotive trends Electrification Premiumization ADAS ● EV powertrain ● Interior and exterior ● E-braking and ● Thermal management lighting E- steering ● Battery ● Motors (seat, window, ● Dynamic lighting HVAC, grille shutter) ● Time-of flight ● TPMS Melexis has a well diversified portfolio, limi
Slide 9: Serviceable addressable market (in EUR)
Serviceable addressable market (in EUR) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 10: Serviceable addressable market (in EUR)
Serviceable addressable market (in EUR) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 11: EV Powertrain to ICs
EV POWERTRAIN 5 to 22 ICs Efficiency matters In electric vehicles, the inverter converts DC power from the battery to AC power for the motor drive, which in turn transforms it into propulsion power. The efficiency of this system has a direct impact on the all-electric range, road performance and comfo
Slide 12: EV Thermal Management to ICs
EV THERMAL MANAGEMENT 10 to 21 ICs Optimizing energy consumption In order to optimize energy while increasing the All Electric Range, a perfect thermal management system is key. Ideal performance of the battery requires a temperature between 20-40℃. Without the free heat of a classical ICE, the ener
Slide 13: EV Battery to ICs
EV BATTERY 4 to 18 ICs Extending battery range, life and safety The high voltage battery stores electrical energy which powers the electric motor. It determines the range the vehicle can travel on a single charge. Its optimization is a game changer. Battery management systems ensure the safety and t
Slide 14: E-Braking & E-Steering to ICs
E-BRAKING & E-STEERING 8 to 13 ICs Higher safety level for (autonomous) cars In the world of automotive innovation, sensor ICs act as the silent heroes, enabling precise control, responsiveness, reliability and safety. These technical marvels drive us on the journey from pumps & vacuum (mechanical)
Slide 15: Interior & Exterior Lighting to ICs
INTERIOR & EXTERIOR LIGHTING 10 to 150 ICs Functionality, personalization and premiumization Lighting is upgrading the interior and exterior of our cars. It brings comfort, safety and functionality. Lighting is the new differentiator for OEMs as well as for brand recognition. ￭ Interior ambient ligh
Slide 16: Robotics require many sensors and drivers
Robotics require many sensors and drivers ● Joints ○ Position sensors ○ Compact Motor drivers ○ Torque sensors ● Battery management ○ Thermal sensing ○ Current sensing ● Power train (2-, 3-, 4-wheels) ○ Motor drivers ● End effectors ○ Force sensors ○ Thermal sensors ● Environment sensing ○ Thermal s
Slide 17: End-to-end China Strategy
End-to-end China Strategy 端到端的中国 战略 ￭ Local outsourced semiconductor assembly and test (OSAT) partner 外包半导体封装测试合作伙伴 ￭ Chinese semiconductor wafer fabrication partner 中国晶圆制造合作伙伴 ￭ Locally embedded logistics hub 本地物流中心 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved
Slide 18: Melexis is at the forefront of innovation
Melexis is at the forefront of innovation The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 19: Evolution Financials 2001-2025
Evolution Financials 2001-2025 Q1 2025: 198.2 mln EUR Turnover FY 2024: 932.8 mln EUR Gross result Q1 2025: 75.7 mln EUR (38.2%) FY 2024: 401.4 mln EUR (43.0%) Operating result Q1 2025: 29.0 mln EUR (14.6%) FY 2024: 219.9 mln EUR (23.6%) The content of this presentation is CONFIDENTIAL & PROPRIETARY
Slide 20: Q1 2025 results at a glance
Q1 2025 results at a glance Sales Gross margin Operating result 38.2% 14.6% 198.2 mln EUR 75.7 mln EUR 29.0 mln EUR -18% Y-o-Y -29% Y-o-Y -55% Y-o-Y Net result Operating cash flow Net debt 0.61 EPS (before working capital changes) 24.6 mln EUR 40.7 mln EUR 182.8 mln EUR -54% Y-o-Y -46% Y-o-Y Outlook
Slide 21: Profit & loss
Profit & loss Q1 2025 versus Q1 2024 versus Q4 2024 P&L account Q1 2025 % of Sales Q1 2024 % of Sales Q4 2024 % of Sales (in million EUR) Sales 198.2 100.0% 241.8 100.0% 197.4 100.0% Cost of goods sold -122.6 -61.8% -135.0 -55.8% -119.8 -60.7% Gross margin 75.7 38.2% 106.8 44.2% 77.6 39.3% R&D -28.4
Slide 22: Balance Sheet
Balance Sheet Q1 2025 versus Q1 2024 versus Q4 2024 Balance Sheet Q1 2025 Q1 2024 Q4 2024 (in million EUR) Total assets 904.9 893.6 894.3 Current assets Cash 34.8 35.7 32.7 Inventory 281.8 257.7 262.8 A/R Trade 101.6 117.2 102.2 Non-current assets 396.2 436.1 421.7 Shareholders' equity 576.2 602.0 5
Slide 23: Q1 2025 cash flow
Q1 2025 cash flow Mln. EUR Free cash flow of 11 mln EUR 15 mln EUR own shares bought The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 24: Cash return to shareholders
Cash return to shareholders Yield based on average share price ￭ Solid dividend yield and long track record ￭ Share buy-back program for up to 850 thousand shares for an amount of up to EUR 50 million initiated in December 2024 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Righ
Slide 25: Shareholder structure and shareholder return
Shareholder structure and shareholder return The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 26: Industry first
2011 2014 2020 Multi-channel 2023 INDUSTRY FIRST • Fully integrated passive entry 2017 RGB-LED driver enabling high-speed • First contactless automotive qualified NFC light animations temperature to be (MeLiBu®) 1996 2005 • 3D camera sensor • WPC & NFC automotive solution • Time-of-flight chipset inte
Slide 27: Melexis Investor Relations
Melexis Investor Relations Karen van Griensven Philip Ludwig CFO Investor Relations investor@melexis.com The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.