Infineon Technologies AG · XETR:IFX
Infineon Technologies — PCIM Analyst Conference 2020
30 slides from Infineon Technologies's conference presentation, May 7, 2020
Slide 1: Industrial Power Control Business Update
Industrial Power Control Business Update Dr. Peter Wawer Division President Industrial Power Control Dr. Peter Friedrichs Senior Director Silicon Carbide Technology 7 May 2020 2020-05-07 Copyright © Infineon Technologies AG 2020. All rights reserved. 1
Slide 2: Agenda
Agenda 1 IPC Division business update 2 Acquisition of Cypress creates new opportunities 3 Update on Infineon’s silicon carbide activities 2020-05-07 Copyright © Infineon Technologies AG 2020. All rights reserved. 2
Slide 3: Impact of the Coronavirus on IPC's businesses
Impact of the Coronavirus on IPC’s businesses Manufacturing and supply chain Distribution and logistics › All IPC related frontend and backend › Distributors well stocked and stock fabs are back to full operation and can reach actively managed fulfill the demand › Logistics challenging but working w
Slide 4: Corona pandemic will impact H2 FY20 significantly
Corona pandemic will impact H2 FY20 significantly IPC revenue and Segment Result margin IPC half-year revenue development [EUR m] CAGR(FY14-FY19): +12.6% -1% 1.7 00 40 % 800 1.5 00 1.418 1.323 699 703 1.3 00 1.206 700 692 30 % 1.073 1.1 00 971 90 0 783 20 % 600 70 0 50 0 18% 19% 18% 15% 500 12% 10 %
Slide 5: Market outlook for main applications
Market outlook for main applications Appli- Market outlook Market outlook cation for H2 FY20 for FY21 Industrial Drives expected to contract due to push-outs in 5 Industrial Drives highly correlated 5 to manufacturing equipment GDP; recovery earliest in late FY21 investments Disruptions in supply an
Slide 6: Our products and innovations are key elements to deal with climate change
Our products and innovations together with an efficient production are key elements to deal with climate change We contribute a CO2 reduction of more than 54 million tons Our net ecologic CO2 benefit is equal to… The savings of a 1,795 The average annual 48,700 fully occupied km2 photovoltaic electr
Slide 7: Infineon will become carbon-neutral by 2030
Infineon will become carbon-neutral by 2030 70% CO2 emissions reduction target in 2025 (Scope 1 and 2 emissions) 1. Avoiding direct emissions and further reducing energy consumption 2. Purchasing green electricity with guarantees of origin for unavoidable emissions 3. Compensate the smallest part by
Slide 8: Acquisition of Cypress creates new opportunities
Acquisition of Cypress creates new opportunities
Slide 9: The new Infineon offers an unrivaled portfolio linking the real and digital world
The new Infineon offers an unrivaled portfolio that perfectly links the real and the digital world Coin cell-powered devices Battery-powered devices Power supplies Information and data about the real world Industrial IoT Connectivity Real-world Software Digital Drives applications Ecosystem world Sm
Slide 10: With the combined portfolio the new Infineon can offer full system solutions
With the combined portfolio the new Infineon can now offer full system solutions Example: air-conditioning Indoor Unit Outdoor Unit What makes system solution attractive to customers? Outdoor Fan Connectivity Wi-Fi / MCU Control MCU Bluetooth Dual Motor Connect Frontend Security + PFC › Ease of desi
Slide 11: Industrial Internet of Things integrates control and connect
Industrial Internet of Things integrates control and connect and is offering new opportunities An increasing share of today‘s industrial system solutions is integrated in cloud-based services Reliable wireless connectivity is now part of automation equipment, e.g. cobots, automated-guided vehicles W
Slide 12: Update on Infineon's silicon carbide activities
Update on Infineon’s silicon carbide activities 2020-05-07 Copyright © Infineon Technologies AG 2020. All rights reserved. 12
Slide 13: Infineon's SiC business so far dominated by industrial, additional potential for automotive
Infineon’s SiC business so far dominated by industrial, additional potential for automotive Strong growth in SiC business; very Cumulated SiC design-ins of ~€1.8bn* balanced product and customer portfolio [EUR m] CAGR(FY17-FY20): ~50% 60% – 80% automotive industrial › automotive: diodes, MOSFETs, MO
Slide 14: Strong CoolSiC portfolio expansion: by packages and by voltages
Strong CoolSiC™ portfolio expansion: by packages and by voltages Broadest and best-in-class SiC portfolio Industrial Automotive grade CoolSiC™ CoolSiC™ CoolSiC™ CoolSiC™ CoolSiC™ Hybrid Diode MOSFET Diode MOSFET Discrete Discrete Module Discrete IPM Module Discrete Discrete Module voltages 600 V Exp
Slide 15: Comparison of SiC product portfolio for Infineon and its competitors
Comparison of SiC product portfolio for Infineon and its competitors SiC product portfolio* 3 18 FC: Full Sic Modules 18 Full SiC Modules 18 3 FC: SiC Discrete MOSFETS 9 40 32 SiC Discrete MOSFETS 26 22 23 17 6 9 FC: SiC Hybrid 1 SiC Hybrid FC: SiC Diodes 99 107 72 70 SiC Diodes 46 Infineon Comp. A
Slide 16: Our technologies enable world's most powerful 1,500 V string inverter
Our technologies enable world’s most powerful 1,500 V string inverter; 250 kW PV solution by Sungrow Sungrow SG250HX string inverter › Enables flexible block design of up to 6.75 MW › Power density of approximately 1 kW/liter › Only 99 kg in weight › Ideal solution for utility scale photovoltaic app
Slide 17: Second generation CoolSiC Trench MOSFET will increase the addressable market
Second generation (2nd Gen.) CoolSiC™ Trench MOSFET will increase the addressable market 1st Gen. CoolSiC™ Trench MOSFET 2nd Gen. CoolSiC™ Trench MOSFET is the leading technology today is in advanced development phase 1st Gen. with lowest losses 2nd Gen. will expand the lead 1,2 › Enhanced power han
Slide 18: SiC raw wafer remains major cost driver
SiC raw wafer remains major cost driver SiC 150 mm raw wafer price development Average frontend cost breakdown [US$] SiC MOSFET 1300 1200 1100 SiC blank Yield raw wafer 1000 loss 900 800 700 600 Process 500 Epitaxy 400 2017 2018 2019e 2020e 2021e 2022e 2023e 2024e 2025e Source: Based on or includes
Slide 19: Siltectra: Status of implementation of Cold Split technology
Siltectra: Status of implementation of Cold Split technology Process tools Clean room Process flow › Design and production of › Clean room ready for › Integration of individual semi-automated process tool manufacturing by end of process steps into complete park completed in Dresden calendar year 202
Slide 20: Cold Split technology extended from wafer splitting to boule splitting
Cold Split technology extended from wafer splitting to boule splitting Crystal Technology # of wafers Surface finish # of wafers ~50 Lapping Today SiC boule Sawing /grinding ~50 4 cm crystal 450 µm 100 µm loss 350 µm 300 µm kerf loss length wafer thickness wafer thickness ~100 ~100 SiC boule Splitti
Slide 21: Infineon is ready to support and shape the growing SiC device market
Infineon is ready to support and shape the growing SiC device market SiC device market size Today › Acceleration of revenue growth › Leading Infineon technology with from 2023 onwards 1st Gen. CoolSiC™ Trench MOSFET [US$ m] 2500 CAGR(18-24): 29% › Already broad, fast growing portfolio › System exper
Slide 22: Part of your life. Part of tomorrow.
Cinfineon Part of your life. Part of tomorrow.
Slide 23: Dr. Peter Wawer
Dr. Peter Wawer Division President Industrial Power Control › since 2016: Division President Industrial Power Control › 2012: Member of the Management Board of the Power Management & Multimarket Division (since 1 April 2020 renamed to Power & Sensor Systems) › 2011: Senior VP Technology and Producti
Slide 24: Dr. Peter Friedrichs
Dr. Peter Friedrichs Senior Director SiC Technology › since 2011: Senior Director SiC Technology › 2004 – 2011: Managing director of SiCED (Joint venture of Infineon and Siemens) › 1996 – 2004: various positions at Siemens and SiCED › Dr. Peter Friedrichs was born in Aschersleben, Germany, in 1968.
Slide 25: Footnotes to page 6
Footnotes to page 6 1) This figure considers manufacturing, transportation, function cars, flights, materials, chemicals, water/waste water, direct emissions, energy consumption, waste, etc. and is based on internally collected data and externally available conversion factors. All data relate to the
Slide 26: IPC at a glance: well-balanced portfolio of applications
IPC at a glance: well-balanced portfolio of applications IPC FY19 revenue by application IPC FY19 revenue by region Americas Others Japan Drives EMEA Traction Greater APAC Home China (ex GC Renewable appliances and energies Japan) Distribution share: ~40% US$ exposure: ~30% 2020-05-07 Copyright © In
Slide 27: Clear leader in discrete IGBTs and IGBT modules; market share gains
Clear leader in discrete IGBTs and IGBT modules; market share gains in all categories Discrete IGBTs IPMs IGBT modules** total market in 2018: $1.31bn total market in 2018: $1.68bn total market in 2018: $3.25bn Infineon 37.4% (+ 0.7-pt) Mitsubishi 32.3% Infineon 34.5% (+1.7-pt) ON Semi 9.6% ON Semi
Slide 28: Every switch needs a driver
“Every switch needs a driver” Gate Driver ICs Strong market share gains based on the broadest total market in 2018: $1,47bn portfolio in the industry Infineon 24.2% (+2.3%-pt) STMicro 13.6% Renesas 9.8% TI 7.6% ON Semi 5.6% Mitsubishi 5.3% Sanken 4.5% NXP 2.5% Microchip 2.1% Rohm 1.8% Source: Based
Slide 29: Glossary
Glossary btb Book-to-bill ratio MOSFET metal-oxide silicon field-effect transistor epi epitaxy PFC power factor correction FiT feed-in tariff PV photovoltaic IPS industrial power supply PTC production tax credit IPM intelligent power module RAC residential air conditioning ITC solar investment tax c
Slide 30: Disclaimer
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 s