Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q1 FY2022 Earnings Presentation

14 slides from Infineon Technologies's earnings presentation, Feb 3, 2022

  1. Slide 1: First Quarter FY 2022 Analyst Call

    First Quarter FY 2022 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 +20% Average exchange rate + 5% Q1 Q4 Q1 3,159 3,007 FY21 FY21 FY22 2,631 2,700 2,722 ø USD/EUR 1.19 1.18 1.14 Order backlog1 [EUR bn] 31 29 23 22.7% 18 20.5% 18.6% 17.4% 18.2% 13 616 717

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues Segment Result Margin [EUR m] [EUR m] +21% +10% 1,390 1,219 1,205 1,267 1,150 261 199 211 185 197 16.7% 18.8% 16.1% 16.2% 16.5% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 › On-going strong demand across applications could be better serve

  4. Slide 4: Industrial Power Control (IPC)

    Industrial Power Control (IPC) Revenues Segment Result Margin [EUR m] [EUR m] +6% -6% 412 407 382 362 361 82 72 73 61 59 19.9% 17.7% 19.1% 16.9% 16.3% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 › Typical pattern of seasonal decline pattern in most applications, n

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

    Power & Sensor Systems (PSS) Revenues Segment Result Margin [EUR m] [EUR m] +23% +1% 945 955 276 285 779 787 757 197 184 167 29.2% 29.8% 25.3% 23.4% 22.1% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 › Strong demand for all power-related product areas, smartphone c

  6. Slide 6: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues Segment Result Margin [EUR m] [EUR m] +27% +11% 427 100 386 335 329 346 60 45 47 30 23.4% 13.4% 13.6% 15.5% 9.1% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 › Revenue and segment result improved due to favorable product and

  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 1,312 1,238 399 399 376 373 1,065 341 342 985 972 333 328 330 311 39.1% 41.2% 41.5% 37.4% 36.0%

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

    Working Capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days] 2,181 2,319 1,955 1,937 2,053 1,007 945 855 711 788 107 101 112 111 113 Q1 FY21 Q2 Q3 Q4 Q1 FY22 Q1 FY21 Q2 Q3 Q4 Q1 FY22 Inventories DIO¹ Trade receivables Trade payables [EUR m] [day

  9. Slide 9: Outlook for Q2 FY22 and FY22

    Outlook for Q2 FY22 and FY22 Outlook Q2 FY221 Outlook FY221 Revenue ~ €3.2bn €13.0bn +/- €500m At the mid-point of the revenue guidance: Segment Result Margin ~ 22% ~ 22% Investments in FY22 ~ €2.4bn D&A in FY22 €1.6bn - €1.7bn2 Free Cash Flow in FY22 ~ €1.0bn 1 Based on an assumed average exchange

  10. Slide 10: Questions & Answers

    Questions & Answers 2022-02-03 Copyright © Infineon Technologies AG 2022. All rights reserved. 10

  11. Slide 11: Key points

    Key points Strong start into the 2022 fiscal year Q1 FY22 – €3.1bn revenue, 22.7% Segment Result Margin, Free Cash Flow ~€400m Infineon’s near and long-term prospects remain bright › The supply / demand imbalance will stretch well into 2022 › Structural growth drivers are fully intact › Infineon is

  12. Slide 12: 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

  13. Slide 13: 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

  14. Slide 14: Cinfineon

    Cinfineon Part of your life. Part of tomorrow.

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