Infineon Technologies Ag · XETR:IFX
Infineon Technologies — Shareholder Meeting (February 2019)
14 slides from Infineon Technologies's shareholder meeting presentation, Feb 21, 2019
Slide 1: Annual General Meeting of Infineon Technologies AG
Annual General Meeting of Infineon Technologies AG Dominik Asam, Chief Finacial Officer Infineon Technologies AG Munich, 21 February 2019
Slide 2: Infineon Group Results for FY 2018 vs. FY 2017
Infineon Group Results for FY 2018 vs. FY 2017 [in € million unless stated otherwise] +8% 7,599 7,063 +12% +36% +15% +36% 1,353 1,208 € 0.95 € 0.98 1,075 € 0.85 790 € 0.70 17.1% 17.8% Revenue Segment Result Net Income Earnings per share1 Adjusted earnings As % of per share2 FY 2017 FY 2018 Revenue 1
Slide 3: Growth in three segments: Revenue and Segment Result FY 2018 vs. FY 2017
Growth in three segments: Revenue and Segment Result FY 2018 vs. FY 2017 [€ million] Automotive Industrial Power Control Revenue Segment Result Revenue Segment Result 2017 2,989 474 2017 1,206 183 2018 3,284 466 2018 1,323 256 Power Management & Digital Security Solutions Multimarket Revenue Segment
Slide 4: Revenue by region in FY 2018
Revenue by region in FY 2018 Europe (w/o Germany), Americas U.S. Middle East, Africa (w/o U.S.) 9% Japan 3% 17% 7% 15% Germany China 25% 15% 9% Asia-Pacific Greater China (w/o Japan and Greater China) (w/o China) Annual General Meeting 2019 Copyright © Infineon Technologies AG 2019. All rights reser
Slide 5: Operating costs
Operating costs Research and development Selling, general and administrative expenses expenses [€ million] [€ million] 836 850 776 819 11.0% 11.0% 11.6% 11.2% FY 2017 FY 2018 As % of FY 2017 FY 2018 Revenue Annual General Meeting 2019 Copyright © Infineon Technologies AG 2019. All rights reserved. 5
Slide 6: Free Cash Flow and Investments
Free Cash Flow and Investments [€ million] +4% FY 2017 FY 2018 618 594 Investments in 874 1,090 property, plant and equipment Investments in intangible assets 148 164 Free Cash Flow FY 2017 FY 2018 Annual General Meeting 2019 Copyright © Infineon Technologies AG 2019. All rights reserved. 6
Slide 7: Key Balance Sheet Figures
Key Balance Sheet Figures [€ million] +64% As of September 30 2017 2018 1,011 Gross cash position 2,452 2,543 618 Debt 1,834 1,532 Total equity 5,636 6,446 Total assets 9,945 10,879 Net cash position FY 2017 FY 2018 Annual General Meeting 2019 Copyright © Infineon Technologies AG 2019. All rights re
Slide 8: Return on Capital Employed After Tax
Return on Capital Employed After Tax [€ million] [RoCE as %] 7.000 23% 6,168 22% 6.000 5,695 21% 20.5% 20% 5.000 19% 4.000 18% 3.000 17% 16% 2.000 14.9% 15% 1,263 1.000 847 14% 13% 0 12% FY 2017 FY 2018 Capital Employed 1) NOPAT 2) RoCE as %3) 1) Capital Employed: Non-current assets plus net working
Slide 9: Performance of Infineon share compared to DAX and SOX
Performance of Infineon share October 2017 to February 2018 compared to DAX and SOX 130% 120% +15% 110% 100% -9% 90% -12% 80% 70% October-17 January-18 April-18 July-18 October-18 January-19 DAX SOX IFX Source: Bloomberg, 15 February 2019 Annual General Meeting 2019 Copyright © Infineon Technologies
Slide 10: Proposal to increase the dividend by 8 percent to 27 euro cents per share
Proposal to increase the dividend by 8 percent to 27 euro cents per share [euro cents] +8% 27 25 22 20 18 12 12 12 10 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 Annual General Meeting 2019 Copyright © Infineon Technologies AG 2019. All rights reserved. 10
Slide 11: Outlook FY 2019
Outlook for the 2019 fiscal year Outlook FY 2019 Revenue Increase of ~9% (compared to FY 2018) Segment result margin ~17.5% Annual General Meeting 2019 Copyright © Infineon Technologies AG 2019. All rights reserved. 11
Slide 12: S&P confirms investment grade rating
S&P confirms investment grade rating Capital structure objective Current status Gross cash position: €1 billion + 17% of Revenue* €1 billion + 10-20% of Revenue Gross debt: 0.6x EBITDA* max. 2.0x EBITDA Investment grade rating Rating by S&P: BBB (outlook stable) * Gross cash position and gross debt
Slide 13: Infineon is growing faster than the semiconductor market
Infineon is growing faster than the semiconductor market Financial targets through the cycle Annual organic Fincancial targets through the cycle growth rate(99-18): ~+9% annual growth rate(99-18): +6.1% 9% Revenue growth 17%+ Segment result margin FY99 FY18 15% Investment ratio Infineon revenue* Sem
Slide 14: Infineon: Part of your life. Part of tomorrow.
Cinfineon Part of your life. Part of tomorrow.
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