Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q2 FY2021 Earnings Presentation

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

  1. Slide 1: Second Quarter FY 2021 Analyst Call

    Second Quarter FY 2021 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 Average exchange rate Q2 Q1 Q2 2,631 2,700 FY20 FY21 FY21 2,490 60,0% 2,174 ø USD/EUR 1.10 1.19 1.21 1,986 50,0% 2000 40,0% Book-to-bill* *See notes for definition 30,0% 18.6% 17.4% 2.1 1

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues* Segment Result* Margin Book-to-bill [EUR m] [EUR m] 197 185 1,150 1,219 2.3 1,045 842 810 1.5 49 59 16.2% 1.3 16.1% 0.8 5.8% -26 5.6% 0.2 -3.2% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 › Positiv

  4. Slide 4: Industrial Power Control (IPC)

    Industrial Power Control (IPC) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 358 366 349 362 361 69 62 63 61 59 1.6 1.4 19.8% 1.1 17.3% 17.2% 16.9% 1.0 16.3% 0.7 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 › Se

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

    Power & Sensor Systems (PSS) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 759 779 787 209 681 197 617 184 143 1.9 138 27.5% 1.6 25.3% 22.4% 23.4% 1.2 1.2 0.9 21.0% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 ›

  6. Slide 6: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues* Segment Result* Margin Book-to-bill [EUR m] [EUR m] 333 335 329 312 2.6 2.6 42 45 166 39 1.1 1.1 30 25 0.8 15.1% 12.5% 12.6% 13.4% 9.1% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 FY20 FY20 FY20 FY21 FY21 › C

  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 R&D expenses as % of revenue SG&A expenses as % of revenue 972 333 341 328 985 321 308 316 308 311 793 686 241 214 587 34.5% 37.4% 36.0% 31.8% 14.8% 14.5%

  8. Slide 8: Working Capital, in particular trade working capital components

    Working Capital, in particular trade working capital components Working capital* Inventories [EUR m] [EUR m] [days] 2,215 2,052 1,762 1,955 1,937 1,505 1,736 1,007 993 945 120 126 109 107 101 Q2 FY20 Q3 Q4 Q1 FY21 Q2 Q2 FY20 Q3 Q4 Q1 FY21 Q2 Inventories DIO* Trade receivables Trade payables [EUR m]

  9. Slide 9: Outlook for Q3 FY21 and FY21

    Outlook for Q3 FY21 and FY21 Outlook Q3 FY21* Outlook FY21* ~ €11.0bn +/- 3% Revenue €2.6bn – €2.9bn (prev.: ~ €10.8bn +/- 5%) At the mid-point of the revenue guidance: At the mid-point of the revenue guidance: Segment Result Margin ~ 18% ~ 18% (prev.: ~17.5%) Investments in FY21 ~ €1.6bn D&A in FY2

  10. Slide 10: Questions & Answers

    Questions & Answers 2021-05-04 Copyright © Infineon Technologies AG 2021. All rights reserved. 10

  11. Slide 11: Key points

    Key points Infineon concluded a strong first half of its 2021 fiscal year Q2: Revenue of €2.7bn; Segment Result margin: 17.4% Cyclical dynamics coinciding with a structural upturn › Demand is outstripping supply in almost all semiconductor areas › Many products are on allocation and inventories are

  12. Slide 12: Notes

    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: Cinfineon

    Cinfineon Part of your life. Part of tomorrow.

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