Slide 1: Presentation results Q2 2023
Presentation results Q2 2023 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 1
Slide 2: What do we do?
What do we do? We create innovative micro-electronic solutions for the best imaginable future The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 2
Slide 3: Common denominator: sensing & driving is everywhere
Common denominator: sensing & driving is everywhere Automotive Home Motorcycles and e-bikes Consumer Industry Healthcare The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 3
Slide 4: Process flow
Process flow Chip design Wafer probe Final test 1 2 3 4 5 Idea Customer Wafer fab Assembly The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 4
Slide 5: Melexis strategy
Melexis strategy Leadership Leadershipinin Focus Focuson on sensing innovation sensingandand innovationinin driving drivingsolutions solutions Organic Organicgrowth, growth, automotive automotiveand and totoour selective selective our adjacent adjacent customers’ acquisitions acquisitions customers’
Slide 6: Approximately 1,900 people on 3 continents
Approximately 1,900 people on 3 continents Sales & Applications Belgium – Ieper, Tessenderlo Greater China – Shanghai, Shenzhen France – Grasse, Paris Germany – Erfurt, Dresden Japan – Yokohama USA – Detroit, San Jose South Korea – Seoul Switzerland - Bevaix Manufacturing Belgium – Ieper Bulgaria –
Slide 7: presentation is ALL Rights ALL The content
The content The content of this of this presentation is presentation is CONFIDENTIAL CONFIDENTIAL & PROPRIETARY. ALL RightsALL & PROPRIETARY. Reserved. Rights Reserved. 7
Slide 8: Importance to stakeholders
Sustainable Development Goals (SDGs) Importance to stakeholders Impact on Melexis 8
Slide 9: Melexis supplied > 1.9 billion ICs worldwide in 2022
Melexis supplied > 1.9 billion ICs worldwide in 2022 • Magnetic position sensors • Pressure sensors • Inductive position sensors • Tire monitoring sensors • Current sensors • Temperature sensors • Latch & switch • Optical sensors • Embedded drivers • Sensor interfaces • Smart drivers • Embedded ligh
Slide 10: MELEXIS ICs SHAPE THE FUTURE
MELEXIS ICs SHAPE THE FUTURE The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 10
Slide 11: MELEXIS ICs SHAPE THE FUTURE: Planet
MELEXIS ICs MELEXIS IcsSHAPE SHAPETHE THEFUTURE FUTURE PLANET ELECTRIFICATION MICRO MOBILITY THERMAL MANAGEMENT The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 11
Slide 12: MELEXIS ICs SHAPE THE FUTURE: People
MELEXIS ICs SHAPE THE FUTURE PEOPLE USER EXPERIENCE SAFETY HEALTH The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 12
Slide 13: 18 chips in every new car
18 chips in every new car * * Melexis shipped on average 18 ICs per car produced worldwide Applications containing Melexis ICs Disclaimer: Please note this list is not exhaustive and only includes some of the most common applications containing Melexis ICs. The content of this presentation is CONFID
Slide 14: The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 14
Slide 15: Automotive - From 10 to 20 (ICs/car) – How?
Automotive - From 10 to 20 (ICs/car) – How? Melexis addresses 3 major trends 15 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 16: Automotive - From 10 to 20 (ICs/car) – How? Electrification
Automotive - From 10 to 20 (ICs/car) – How? ① Electrification The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 16
Slide 17: Automotive - From 10 to 20 (ICs/car) – How? Electrification
Automotive - From 10 to 20 (ICs/car) – How? ① Electrification The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 17
Slide 18: Automotive - From 10 to 20 (ICs/car) – How? Premiumization
Automotive - From 10 to 20 (ICs/car) – How? ② Premiumization The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 18
Slide 19: Automotive - From 10 to 20 (ICs/car) – How? Premiumization
Automotive - From 10 to 20 (ICs/car) – How? ② Premiumization The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 19
Slide 20: Automotive - From 10 to 20 (ICs/car) – How? ADAS
Automotive - From 10 to 20 (ICs/car) – How? ③ ADAS (Advanced Driver Assistance Systems) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 20
Slide 21: Automotive - From 10 to 20 (ICs/car) – How? ADAS
Automotive - From 10 to 20 (ICs/car) – How? ③ ADAS (Advanced Driver Assistance Systems) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 21
Slide 22: Accelerated Demand for Automotive Analog ICs
Accelerated Demand for Automotive Analog ICs ● Power management ICs (for Electronic Control Unit [ECU], Systems-on-Chips [SoC], etc.) ● Integrated sensors and Signal conditioning ICs for sensors ● Bus transceiver ICs (for ECU, Sensor and Electronic Modules) ● Driver ICs for electric motors, LEDs (li
Slide 23: Accelerated Demand for Melexis Analog ICs
Accelerated Demand for Melexis Analog ICs ● Power management ICs (for Electronic Control Unit [ECU], Systems-on-Chips [SoC], etc.) ● Integrated sensors and Signal conditioning ICs for sensors ● Bus transceiver ICs (for ECU, Sensor and Electronic Modules) ● Driver ICs for electric motors, LEDs (light
Slide 24: Accelerated Demand for Automotive Analog ICs
Accelerated Demand for Automotive Analog ICs Electrification & Premiumization Drive Content Growth 24 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 25: Adjacent - From 10 to 20 (%Revenue) – How?
Adjacent - From 10 to 20 (%Revenue) – How? 25 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 26: Evolution financials 2000-2023
2Q23 2Q23 2Q23 4Q22 4Q22 4Q22 2Q22 2Q22 2Q22 4Q21 4Q21 4Q21 2Q21 2Q21 2Q21 4Q20 4Q20 4Q20 2Q20 2Q20 2Q20 4Q19 4Q19 4Q19 2Q19 2Q19 2Q19 4Q18 4Q18 4Q18 2Q18 2Q18 2Q18 4Q17 4Q17 4Q17 2Q17 2Q17 2Q17 4Q16 4Q16 4Q16 2Q16 2Q16 2Q16 4Q15 4Q15 4Q15 2Q15 2Q15 2Q15 4Q14 4Q14 4Q14 2Q14 2Q14 2Q14 4Q13 4Q13 4Q13
Slide 27: % ASSP sales % automotive sales
% ASSP sales % automotive sales 80% 95% 75% 75% 91% 70% 90% 65% 85% 60% 80% 55% 50% 75% 45% 70% 40% 65% 35% 30% 60% 2007 2009 2011 2013 2015 2017 2019 2021 2023 2007 2009 2011 2013 2015 2017 2019 2021 2023 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 27
Slide 28: Q2 2023 results at a glance
Q2 2023 results at a glance Sales Gross margin Operating result 236.7m EUR 47.0% 28.5% 111.3m EUR 67.5m EUR +14% Y-o-Y +19% Y-o-Y +18% Y-o-Y Net result Oper. cash flow Net cash 1.28 EPS (before wcap change) 35.7m EUR 51.9m EUR 79.3m EUR +8% Y-o-Y +9% Y-o-Y Outlook Melexis expects sales in the third
Slide 29: Profit & loss
Profit & loss Q2 2023 versus Q2 2022 versus Q1 2023 P&L account Q2 2023 % of Sales Q2 2022 % of Sales Q1 2023 % of Sales (in million EUR) Sales 236.7 100.0% 208.4 100.0% 228.6 100.0% Cost of goods sold -125.4 -53.0% -114.8 -55.1% -125.8 -55.0% Gross margin 111.3 47.0% 93.6 44.9% 102.8 45.0% R&D -25.
Slide 30: HY 2023 results at a glance
HY 2023 results at a glance Sales Gross margin Operating result 465.3m EUR 46.0% 27.6% 214.1m EUR 128.6m EUR +19% Y-o-Y +21% Y-o-Y +20% Y-o-Y Net result Oper. cash flow Net cash 2.54 EPS (before wcap change) 35.7m EUR 102.8m EUR 152.1m EUR +9% Y-o-Y +7% Y-o-Y Outlook Melexis expects sales in the thi
Slide 31: Profit & loss
Profit & loss HY 2023 versus HY 2022 P&L account HY 2023 % of Sales HY 2022 % of Sales (in million EUR) Sales 465.3 100.0% 392.5 100.0% Cost of goods sold -251.2 -54.0% -215.7 -55.0% Gross margin 214.1 46.0% 176.8 45.0% R&D -50.5 -10.8% -42.5 -10.8% G&A -24.3 -5.2% -19.5 -5.0% Selling -10.7 -2.3% -7
Slide 32: Balance sheet
Balance sheet Q2 2023 versus Q2 2022 versus Q1 2023 Balance Sheet Q2 2023 Q2 2022 Q1 2023 (in million EUR) Total assets 738.9 522.7 640.8 Current assets Cash 35.7 39.3 93.3 Inventory 212.8 167.3 191.6 A/R Trade 133.1 100.7 129.8 Non-current assets 333.3 161.3 180.9 Shareholders' equity 495.8 434.4 5
Slide 33: Q2 2023 cash flow
Q2 2023 cash flow Mln. EUR The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 33
Slide 34: HY 2023 cash flow
HY 2023 cash flow Mln. EUR The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 34
Slide 35: Dividend yield
Dividend yield Gross dividend per share (EUR) 2006 0.50 Based on average share price 2007 0.60 EUR 2008 0.60 4.00 9% 2009 0.00 8% 2010 0.30 3.50 2011 0.60 3.00 7% 2012 0.65 6% 2.50 2013 0.70 5% 2014 1.00 2.00 4% 2015 1.90 1.50 2016 2.00 3% 1.00 2017 2.10 2% 2018 2.20 0.50 1% 2019 1.30 0.00 0% 2020 2
Slide 36: Shareholders structure & shareholder return
Shareholders structure & shareholder return Shareholder structure on Shareholder Return 30 June 2023 2002-2023 200 Return investment 2002-2023 = 16% per year 180 160 140 120 Xtrion 100 50% 50% Public 80 60 40 20 0 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 Share price The content of this
Slide 37: Industry firsts from Melexis
Industry firsts from Melexis 2012 2018 2022 Single chip LIN RGB driver IC Next generation Triaxis® Tactaxis gives robot a sense of touch Pressure sensor featuring SENT Position sensor IC and Revolutionary floating switch 16x4 pixel infrared array Hall-effect current sensors World’s first pico-resolv
Slide 38: Melexis Investor Relations
Melexis Investor Relations investor@melexis.com Karen van Griensven CFO +32 (0)13 67 07 79 Valerie Kerfs Senior IR Professional The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 38