Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q2 FY2025 Earnings Presentation

16 slides from Infineon Technologies's earnings presentation, May 8, 2025

1. Slide 1: Second Quarter FY 2025 Analyst Call

   Second Quarter FY 2025 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] Average revenue exchange rate Segment Result Revenues Segment Result Margin -1% Q2 Q1 Q2 +5% FY24 FY25 FY25 3,919 ø USD/EUR 1.09 1.07 1.05 3,632 3,702 3,591 3,424 Order backlog1 [EUR bn] 24 22 19 20 20 19.5% 19.8% 21.2

3. Slide 3: Automotive (ATV)

   Automotive (ATV) Revenues 1 Segment Result 1 [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -3% +6% 1,911 1,927 1,969 1,752 1,858 482 498 510 385 343 25.2% 25.8% 25.9% 19.6% 20.7% ‒ Revenue growth confirms underlying improvement in customer inventory digestion. ‒ Segment result improv

4. Slide 4: Green Industrial Power (GIP)

   Green Industrial Power (GIP) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -15% +17% 503 469 475 397 340 111 89 88 19.0% 22.1% 38 18.5% 34 10.0% 9.6% ‒ All applications contributed to sequential revenue increase. ‒ Segment result impacted by annual price decli

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

   Power & Sensor Systems (PSS) Revenues 1 Segment Result 1 [EUR m] [EUR m] Revenues Segment Result Segment Result Margin +11% -1% 880 934 1,041 987 979 169 146 138 109 94 14.0% 17.1% 14.1% 10.7% 11.7% ‒ Growth momentum for power solutions for AI servers unabated, consumer-related applications facing e

6. Slide 6: Connected Secure Systems (CSS)

   Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -4% +3% 406 371 366 356 344 62 42 42 40 30 15.3% 11.3% 11.5% 8.7% 11.2% ‒ Revenue increase resulting from higher volumes in Security ICs and MCUs. ‒ Segment Result increase driven by

7. Slide 7: Gross margin and Opex

   Gross margin and Opex Gross profit 1 R&D 1 SG&A [EUR m] [EUR m] [EUR m] 1,621 1,534 1,446 1,391 1,343 559 530 553 544 522 375 390 393 395 376 39.8% 41.4% 41.4% 39.2% 38.7% 14.6% 14.9% 13.3% 15.9% 15.6% 10.3% 10.5% 10.0% 11.5% 10.5% Gross margin as reported Gross profit as reported* R&D expenses as %

8. Slide 8: Investments, Depreciation & Amortization and Free Cash Flow

   Investments, Depreciation & Amortization and Free Cash Flow Investments Depreciation & Amortization Free Cash Flow [EUR m] [EUR m] [EUR m] 1,145 722 731 700 643 470 473 487 483 393 467 470 174 82 -237 2025-05-08 Copyright © Infineon Technologies AG 2025. All rights reserved. 8

9. Slide 9: Working capital, in particular trade working capital components

   Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days2] 3,503 3,477 3,464 3,424 4,404 4,429 3,990 4,385 4,333 2,946 181 184 190 156 177 Trade receivables Trade payables [EUR m] [days] [EUR m] [days2] 2,000 2,142 2,250 2,059 2,017 2,003 1,9

10. Slide 10: Development of liquidity and debt

    Development of liquidity and debt Capital structure [EUR m] Gross Cash Gross Debt Net Cash/Debt 2,583 2,345 2,201 1,957 1,687 -4,811 -2,610 -5,386 -3,041 -4,943 -2,986 -5,941 -3,358 -5,516 -3,829 2025-05-08 Copyright © Infineon Technologies AG 2025. All rights reserved. 10

11. Slide 11: Outlook for Q3 FY25 and FY25

    Outlook for Q3 FY25 and FY25 Outlook Outlook Q3 FY251 FY251 Revenue ~€3.7bn slightly down vs. prior year Adj. Gross Margin ~40% Segment Result Margin mid-teens % mid-teens % FCF/adj. FCF ~€900m/~€1.6bn Investments ~€2.3bn D&A ~€1.9bn2 1 Based on an assumed average exchange rate of $1.125 for €1.00 2

12. Slide 12: Key points

    Key points Q2: Revenue and SRM fully in line with expectations – €3.6bn revenue, 16.7% Segment Result Margin Outlook revision due to tariff disputes ‒ Our markets have bottomed, inventory levels mostly normalized. From a purely cyclical perspective, pre-conditions for the envisaged recovery are in p

13. Slide 13: Questions & Answers

    Questions & Answers 2025-05-08 Copyright © Infineon Technologies AG 2025. All rights reserved. 13

14. Slide 14: Cinfineon

    Cinfineon

15. Slide 15: Disclaimer

    Disclaimer Disclaimer This presentation contains forward-looking statements and/or assessments about the business, financial condition performance and strategy of the Infineon Group. These statements and/or assessments are based on assumptions and management expectation resting upon currently availa

16. Slide 16: Notes

    Notes Order backlog = The total amount of orders received regardless of their current status 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 maturiti

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