Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q1 FY2021 Earnings Presentation

15 slides from Infineon Technologies's earnings presentation, Feb 4, 2021

  1. Slide 1: First Quarter FY 2021 Analyst Call

    First Quarter FY 2021 Analyst Call Infineon Technologies AG Investor Relations

  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 Q1 Q4 Q1 2,631 FY20 FY20 FY21 2,490 60,0% 2,174 ø USD/EUR 1.11 1.16 1.19 1,986 50,0% 1,916 2000 40,0% 30,0% Book-to-bill* *See notes for definition 18.6% 1.6 15.5% 1

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues* Segment Result* Margin Book-to-bill [EUR m] [EUR m] 1,150 185 1,045 824 842 810 1.5 65 59 1.3 49 16.1% 0.9 0.8 7.9% -3.2% 5.8% 5.6% 0.2 -26 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 FY21 › Global car

  4. Slide 4: Industrial Power Control (IPC)

    Industrial Power Control (IPC) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 358 366 349 362 69 334 62 62 63 61 1.4 19.8% 1.1 18.6% 17.3% 17.2% 1.0 1.1 16.9% 0.7 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 FY21 › Re

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

    Power & Sensor Systems (PSS) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 779 209 759 197 681 617 593 146 138 143 27.5% 1.6 24.6% 25.3% 22.4% 1.2 1.2 1.0 0.9 21.0% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 FY21 ›

  6. Slide 6: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues* Segment Result* Margin Book-to-bill [EUR m] [EUR m] 333 335 312 2.6 45 163 166 42 39 1.1 1.1 1.1 24 25 0.8 14.7% 15.1% 12.5% 12.6% 13.4% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 FY21 FY20 FY20 FY20 FY20 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 985 321 333 308 316 308 311 793 709 686 243 241 204 214 587 37.0% 34.5% 37.4% 31.8% 14.8% 14.5% 27.0% 12.7% 12.1% 12.4% 12.7% 12.4% 11.8% 10.6% 10.8% Q1 Q2

  8. Slide 8: Trade working capital components

    Trade working capital components Working capital* Inventories [EUR m] [EUR m] [days] 2,215 2,052 1,955 1,762 1,767 1,736 1,583 1,505 1,007 993 132 120 126 109 107 Q1 FY20 Q2 Q3 Q4 Q1 FY21 Q1 FY20 Q2 Q3 Q4 Q1 FY21 Inventories DIO* Trade receivables Trade payables [EUR m] [days] [EUR m] [days] 1,196 1

  9. Slide 9: Outlook for Q2 FY21 and FY21

    Outlook for Q2 FY21 and FY21 Outlook Q2 FY21* Outlook FY21* ~ €10.8bn +/- 5% Revenue €2.5bn – €2.8bn (prev.: ~ €10.5bn +/- 5%) At the mid-point of the revenue guidance: At the mid-point of the revenue guidance: Segment Result Margin ~ 16.5% ~ 17.5% (prev.: ~16.5%) Investments in FY21 ~ €1.6bn (prev.

  10. Slide 10: Key points

    Key points Infineon had a strong start into its 2021 fiscal year Revenue of €2,631m; Segment Result margin: 18.6% Preparing for the structural upturn › Demand in several of our key end-markets, most notably the automotive sector, is outstripping supply › Accelerating adoption rates for structural dr

  11. Slide 11: Questions & Answers

    Questions & Answers 2021-02-04 Copyright © Infineon Technologies AG 2021. All rights reserved. 11

  12. Slide 12: 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

  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 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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