Slide 1: Second Quarter FY 2024 Quarterly Update
Second Quarter FY 2024 Quarterly Update Infineon Technologies AG Investor Relations 1
Slide 2: Infineon at a glance
Infineon at a glance Addressing long-term high-growth trends FY23 revenue by segment Automotive (ATV) 13% Green Industrial Power (GIP) Power & Sensor Systems (PSS) 23% 51% Connected Secure Systems (CSS) Energy Mobility IoT green and efficient clean and safe smart and secure 13% Financials FY23 reven
Slide 3: Well-balanced portfolio among segments and key applications
Well-balanced portfolio among segments and key applications, highest growth coming from Decarbonization and Digitalization FY23 revenue of €16,309m by segment and key application CSS E-mobility 13% 14% Other 29% Renewables 7% 5% ADAS PSS 23% ATV 51% 5% 3% IoT Payment 2% 4% BPA/Power Tools 4% AI/Data
Slide 4: Global player, clear #1 in power semiconductors, #2 in microcontrollers
Infineon is a global player, clear #1 in power semiconductors, and ranked #2 in the overall microcontroller market Semiconductor suppliers Power discretes and modules Microcontroller suppliers 2023 total global market: USD 545bn1 2022 total global market: USD 30.9bn2 2023 total global market: USD 29
Slide 5: Our Target Operating Model: ambitious financial goals and sustainability leader
Our Target Operating Model: committing to ambitious financial goals and being the sustainability leader Target Operating Model through cycle Revenue growth >10% Segment Result Margin 25% Adj. Free Cash Flow Margin1 10-15% Sustainability leader CO2 neutrality 2030 1 Excluding major frontend buildings
Slide 6: Double-digit growth ahead – five key applications
Double-digit growth ahead – five key applications account for ~60% of growth; well-diversified divisional split FY23 FY22-27e Revenue by division Revenue growth contribution by driver CSS E-Mobility 13% Other Renewables PSS ATV 23% €16.3bn 51% >10% ADAS CAGR AI/Data center IoT GIP Through cycle grow
Slide 7: Target Operating Model: significant margin expansion through the cycle
Our Target Operating Model: significant margin expansion through the cycle Former FX Upgraded System Portfolio Manu- OPEX Currency Increased Pre-funding solutions & management, facturing scaling costs system value-based technology/ productivity: solutions, High pricing product mix 300mm share SiC/Ga
Slide 8: Free Cash Flow generation increasing over the cycle
Free Cash Flow generation increasing over the cycle, driven by profitable growth and better asset efficiency [EUR bn] Operating cash flow increased sustainably ‒ Accretive investments 6 into high organic growth 5 ‒ Operating cash flow expected 4 to outgrow investments mid-/long-term 3 ‒ Differentiat
Slide 9: Outlook for Q3 FY24 and FY24
Outlook for Q3 FY24 and FY24 Outlook Outlook Q3 FY241 FY241 Revenue ~€3.8bn €15.1bn +/-400m Adj. Gross Margin low-forties Segment Result Margin high-teens ~20% FCF/adj. FCF ~€0m/~€1.6bn Investments ~€2.8bn D&A ~€1.9bn2 1 Based on an assumed average exchange rate of $1.10 for €1.00 2 Including the am
Slide 10: Undisputed power systems leadership mastering all three key materials
Undisputed power systems leadership mastering all three key materials Reliable multi sourcing Application of raw materials Si/SiC/GaN understanding Packaging know-how and World-scale fabs hybridization competence Controller Driver IC Power switch Software + Algorithms Leadership in Power Systems acr
Slide 11: Infineon at the core of IoT
Infineon at the core of IoT – driving digitalization by serving strongly growing multi-application markets Consumer IoT Industrial IoT Automotive IoT Products: MCU – Connectivity (Wi-Fi, BLE, NFC) – Sensors – Security – Power supply & switches Coin cell- Battery- powered powered devices Information
Slide 12: ESG: Targets and achievements
ESG: Targets and achievements 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 12
Slide 13: 2030 carbon neutrality goal aligned with Paris 1.5°C target
Our 2030 carbon neutrality goal is aligned with the Paris Climate Agreement’s 1.5°C target CO2 burden1 CO2 savings2 3.4 million tons of CO2 equivalents 116.6 million tons of CO2 equivalents Ratio ~1:34 On the road to carbon neutrality3 we achieved Infineon’s CO2 target3 by 2025 and 2030 significant
Slide 14: External recognitions confirm our engagement in sustainability
External recognitions confirm our engagement in contributing to a sustainable society Rating/Score Scale Date MSCI ESG AA CCC to AAA 05/2023 B climate scoring CDP F to A 02/2024 B water scoring Ecovadis 99th percentile “Platinum” award 0 to 100 03/2023 77 Dow Jones Sustainability™ Dow Jones Sustaina
Slide 15: Infineon's wide bandgap strategy
Infineon’s wide bandgap strategy 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 15
Slide 16: World-scale fab to make Infineon most competitive SiC provider
With a world-scale fab complementing existing strengths, Infineon will be the industry's most competitive provider of SiC technology SiC raw material supply + Cold Split technology ‒ More than 6 qualified SiC wafer and boule suppliers ‒ Increased productivity through Cold Split Superior trench techn
Slide 17: Smart phase-over and ramp-up of 200mm SiC volume production
Smart phase-over and ramp-up of 200mm volume production to enable next level of innovation for customer value with SiC Villach Kulim CoolSiC™ 200mm Pilot projects on track Smart 200mm phase-over Timeline ‒ Qualification on selected ‒ Volume production in Villach ‒ Product roll-out based on high-volu
Slide 18: Expansion of Kulim backed by long-term customer commitments
Expansion of Kulim 3 backed by strong long-term customer commitments Automotive Industrial (incl. PV and ESS) A total of 6 OEMs A total of 5 major customers Design-wins: ~ €5bn Related customer pre-payments: ~ €1bn ‒ Phase 2 of Kulim module 3 expansion is backed by numerous customer commitments ‒ Si
Slide 19: New performance budget with CoolSiC G2
Unveiling a new performance budget with CoolSiCTM G2 Figures-of-merit (FOM) comparison: lower is better for energy efficiency optimization The classical MOSFET FOM (from low-voltage silicon world) DC-DC RDSON x QGD (mΩ*µC) RDSON x QOSS (mΩ*µC) RDSON x EOSS(mΩ*µJ) RDS x QG (mΩ*µC) at 150°C, 800 V, 28
Slide 20: GaN market accelerating, driven by key power applications
GaN market accelerating, driven by key power applications ‒ Superior switching performance GaN market forecasts over time results in higher efficiency and lower system cost ~$6bn – $2bn ‒ Applications with tipping point reached or in sight cumulative market potential over the next 5 years CAGR (22-2
Slide 21: Most comprehensive GaN portfolio
Continuing our leadership in Power Systems with the most comprehensive GaN portfolio Leading IP & strongest R&D force Leveraging foundry + IDM advantages Leading ~450 strong Best-in-class We own We combine We target patent GaN team application key IP and all foundry partner- a leading high double-di
Slide 22: GaN expected to be preferred technology in multiple applications by 2030
GaN expected to be the preferred technology in multiple core applications by 2030, different transition paths shaping up GaN tipping point reached/in sight GaN transition coming up 2020 2030 2020 2030 HV DC/DC Low-power Charger motor control DC/DC DC/DC Server HV HV Residential Solar On-board HV DC/
Slide 23: Automotive
Automotive 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 23
Slide 24: ATV at a glance
ATV at a glance ATV revenue and Segment Result Margin FY23 revenue split by product group [€ m] Memory ICs CAGR 23.9% (FY19 – FY23 ) 9.000 8,242 37% MCUs 8.000 7.000 6,516 27% 6.000 28% 4,841 5.000 23% 4.000 3,503 3,521 17% 16% 3.000 2.000 12% 7% 1.000 4% Power (incl. SiC) 0 -3% FY19 FY20 FY21 FY22
Slide 25: Top market position built on system competence
Infineon’s top market position is built on system competence based on an industry-leading product portfolio Automotive semiconductors (2023 total market: $69,200n; +16.5% y-y) ‒ Infineon grew by 26% y-y, gaining 1.0%-pts of market share Infineon 13.7% to 13.7%, the highest level ever NXP 10.8% ‒ Inf
Slide 26: Automotive semiconductor market outlook
Automotive semiconductor market expected to continue its growth journey even at flat light vehicle production growth Applications Market outlook for CY24 ‒ Stable vehicle production in 2024 Automotive ‒ Vehicle affordability concerns persist, despite recent OEM price cuts ‒ No major semiconductor sh
Slide 27: Strong content growth drivers even at flat LV production
Several strong content growth drivers for Infineon, even at flat LV production Several structural trends fueling our growth Overview of growth vectors until 2030 2023 2030 xEV ‒ Strong volume growth of BEVs and PHEVs Share of BEVs Update as of ‒ Increasing share of SiC in traction inverters ~15% ~40
Slide 28: World leader in automotive semis benefiting from content growth
Infineon is the world leader in automotive semis, serving all key applications and benefiting strongly from content growth Semiconductor bill-of-material in a car in 2024 and 2030 [USD] up to $2,000 per BEV Key applications for drivetrain semis: ‒ Inverter ‒ On-board charger (OBC) ~$1,300 per BEV ‒
Slide 29: Broad portfolio with >300 product families
A very broad portfolio with >300 product families is backing the market leadership of Infineon in Automotive Infineon ATV division revenue by product families: Major categories1: AURIX™ families, CoolSiC™, IGBT 750V, IGBT 1200V, MOSFETs, PROFET™, Radar, TRAVEO™ – none more than ~10% Unmatched custom
Slide 30: Number of power MOSFETs per car continues to increase
Number of power MOSFETs per car continues to increase, and drives accelerated growth for the leading portfolio Examples of MOSFET applications Latest portfolio with constant innovation Technologies, packages and voltages OptiMOS™ 7 40 V Power door Power Brake Electric power BMS Transmission Windshie
Slide 31: Electromobility
Electromobility 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 31
Slide 32: Xiaomi SU7 Max: Infineon contributes >60 components
Xiaomi SU7 Max: Infineon contributes > 60 different components, incl. 2x HybridPACK™ Drive G2 CoolSiC™ 1200 V power modules Infineon provides system solutions with > 60 different components for more than 10 applications › MCUs, PMICs: AURIX™ TC3, TRAVEO™ T2G, and PSoC™ for zone controller, ADAS, xEV
Slide 33: Broad product portfolio and system understanding
Infineon’s broad product portfolio and system understanding enable higher BoM and allows for compact designs and fast T2M Infineon inverter reference design, covering up to 95% of value P2S (product-to-system approach) ‒ Reference design for up to 300 kW, further customization possible OPTIREG™ 32-b
Slide 34: First Si/SiC fusion module concept (Si2C)
First Si/SiC fusion module concept (Si2C) significantly exceeding performance expectations without adding system complexity Si Si²C +2.9% SiC +3.5% Example: 400 V BEV 175 kW 2WD Infineon solution offers compelling cost- performance ratio without adding system complexity for customers 2024-05-07 Copy
Slide 35: World-scale capacity and portfolio breadth lead to accelerated SiC growth
World-scale capacity, unmatched portfolio breadth and our worldwide customer base lead to accelerated growth in SiC Leading SiC technology and production efficiency Most scalable SiC auto portfolio 650 V 750 V 1,200 V ‒ Unrivaled productivity with world- scale fab and most diversified supplier netwo
Slide 36: Extended BMS product portfolio
Infineon’s extended BMS (battery management system) product portfolio paves the way for an exceptional growth story Demand for BMS analog frontend ICs driven by BEV battery capacity BMS analog frontend IC [GWh] Infineon’s revenue growth ~20x Source: S&P Global Mobility, December 2023 ‒ Drivers for B
Slide 37: Automated Driving
Automated Driving 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 37
Slide 38: AURIX MCU is the gold standard for ADAS/AD
AURIX™ MCU is the gold standard for ADAS/AD, control, safety, and high-speed in-vehicle network Total automotive MCU market development, excl. MPUs and SoCs AURIX™, TRAVEO™, and PSoC™ families [USD bn] TechInsights: Automotive Semiconductor Demand Forecast. October 2023 Infineon’s revenue growth €19
Slide 39: Growth of L1/L2/L2+ main driver of ADAS content
Growth of L1/L2/L2+ is the main driver of ADAS semiconductor content until 2030 Car production by degree of automation (SAE level) Radar is essential to meet decisive requirements of ADAS/AD Distance 5 L0 4,5 4 3,5 Lane Detection Speed 3 L0 2,5 2 L1 1,5 1 0,5 0 L1/L2/L2+ Traffic signs Angle to reach
Slide 40: E/E architecture
E/E architecture 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 40
Slide 41: Infineon benefits from new E/E architectures
Infineon strongly benefits from new E/E architectures that drive centralization of data and decentralization of power distribution E/E architecture in a software-defined vehicle Components of E/E architecture and corresponding applications addressed by Infineon Safety companion MCU for service- High
Slide 42: Power distribution critical in E/E architecture
Power distribution becomes a critical aspect of the E/E architecture and the SW-defined vehicle New applications for intelligent power distribution ... ... are driving replacement of fuses/relays PROFET™ smart switch Fuse Relay Smart switches are mandatory for SAE L3 and above Infineon’s revenue gro
Slide 43: Green Industrial Power
Green Industrial Power 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 43
Slide 44: GIP at a glance
GIP at a glance GIP revenue and Segment Result Margin FY23 revenue split by product group [€ m] Discretes CAGR 11.7% (incl.SiC) Modules (FY19 – FY23 ) (incl. SiC) 2.500 2,205 2.000 1,790 1,418 1,406 1,542 30% 1.500 21% Gate driver ICs 1.000 18% 18% 18% 500 0 FY19 FY20 FY21 FY22 FY23 GIP revenue GIP
Slide 45: Clear leader in discrete IGBTs and IGBT modules
Clear leader in discrete IGBTs and IGBT modules Discrete IGBTs IPMs1 IGBT modules2 2022 total market: $2.5bn 2022 total market: $2.1bn 2022 total market: $4.4bn Infineon 32.1% Mitsubishi 24.3% Infineon 31.7% Fuji 15.9% Sanken 14.3% Mitsubishi 11.9% STMicro 8.5% onsemi 13.0% Fuji 11.7% Mitsubishi 6.5
Slide 46: Power Infrastructure demand remains strong while inventory corrections persist
Power Infrastructure demand remains strong while in major verticals inventory corrections persist Applications % of FY23 segment revenue1 Market outlook for CY24 ~26% ‒ PV installations continue to grow, in 2024 channel inventory temporarily limits PV inverter shipments and respective Renewable semi
Slide 47: Huge potential along green energy chain until 2030
Huge potential along entire green energy chain until 2030 according to IEA Net Zero scenario Generation Infrastructure Consumption $600bn annual Photovoltaic +4,600 GW Grid network Heat pump +420m units investments +200k FC EV Wind power +1,900 GW Grid storage +900 GW H2 Fuel cell1 +200k FC Trucks +
Slide 48: Green energy generation provides large business opportunities
Green energy generation provides large business opportunities Power semiconductor content by application 6000 [EUR per MW] [EUR per installation] Mainly SiC 5000 5000 Mainly IGBT 5000 4000 3500 3500 3000 2000 2000 2500 2000 1000 1000 1500 500 60 600 0 100 40 Fossil, nuclear, Wind Solar Grid-scale ba
Slide 49: EV charging a key strategic application
EV charging is a key strategic application for Infineon We cover the full ecosystem from AC to high power DC charging Connectivity solutions Automotive systems High power industrial systems Wirless Charging DC High Power Charging Infineon targets the complete EV charging ecosystem from AC to high-po
Slide 50: Power & Sensor Systems
Power & Sensor Systems 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 50
Slide 51: PSS at a glance
PSS at a glance PSS revenue and Segment Result Margin FY23 revenue split by product group [€ m] RF & Sensors CAGR 11.6% (FY19 – FY22 ) HiRel 4.500 4,070 3,798 4.000 3.500 3,268 3.000 2,445 2,650 2.500 2.000 1.500 25% 28% 1.000 24% 24% 23% Power (incl. GaN) 500 0 FY19 FY20 FY21 FY22 FY23 PSS revenue
Slide 52: Weakness in most verticals to persist with improvement during CY2024
Weakness in most verticals to persist with expected improvement during the course of CY 2024 Applications % of FY23 segment revenue1 Market outlook for CY24 ‒ Server weakness to extend through H1 CY24 with potential recovery in H2 – benefits from AI opportunities due to ~15% increasing semi content
Slide 53: Clear leader in MOSFETs, growth potential in power ICs
Infineon is the clear leader in MOSFETs, additional growth potential in power ICs Discrete Power MOSFETs1 Power ICs2 2022 total market: USD 13.1bn 2022 total market: USD 32.3bn Infineon 26.7% Texas Instruments 14.7% onsemi 12.6% Analog Devices 11.5% STMicro 11.0% Qualcomm 8.4% Toshiba 5.3% Infineon
Slide 54: Average Infineon BOM per AI server
Average Infineon BOM per AI server about 850 to 1800 USD DC/DC AI card converter GPU / TPU (power stages or vertical modules) 48-12V: 50-200 USD 10 USD x8 Server Motherboard 50-60 USD GPU tray x1 Chassis Power supplies Motherboard 1 Server rack includes x6 Power supply (AC/DC) (Si-, SiC and GaN base
Slide 55: AC/DC PSU solutions for AI and data centers
For AC/DC, Infineon is addressing the growing power demand of AI and data centers with PSU solutions ranging from 3 kW – 12 kW 3 kW 3.3 kW 8 kW 12 kW η 97,5% η 97,5 % η ~97,5% η ~97,5% 32 W/in³ 95 W/in³ 100 W/in³ 100 W/in³ Available now Available now Available in Q1/25 Coming soon 2024-05-07 Copyrig
Slide 56: Dual-phase power modules and backside mounting
Best-in-class energy efficiency, power density and TCO through Infineon’s Dual-phase power modules and backside mounting Power delivery network Power design Discrete solution Module solution Equivalent discrete solution Infineon’s dual-phase modules with inductor-on-top design 10% of input power los
Slide 57: AI will be a strong driver of server business revenue
AI will be a strong driver of revenue increase for Infineon’s server business Large North American CPU/GPU manufacturer B In FY24 AI revenue Infineon AI server revenue Large North in our server business is American cloud provider B expected to be a Large North American cloud provider A low triple di
Slide 58: Connected Secure Systems
Connected Secure Systems 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 58
Slide 59: CSS at a glance
CSS at a glance CSS revenue and Segment Result Margin FY23 revenue split by product group [€ m] CAGR 33.6% MCUs (FY19 – FY23 ) 2.500 Security ICs 2,046 2.000 1,822 1.500 1,397 974 1.000 642 500 21% 24% Connectivity 12% 13% 13% 0 FY19 FY20 FY21 FY22 FY23 CSS revenue CSS Segment Result Margin Key cust
Slide 60: Market demand remains weak across consumer segments
Market demand remains weak across consumer segments influenced by high inventories and continuing macro economic risks Applications % of FY23 segment revenue Market outlook for CY24 Industrial IoT ‒ Continued macro economic risks limit growth, while trends of Industry 4.0 and Industrial IoT remain H
Slide 61: Product portfolio and roadmap for IoT
CSS offers a compelling product portfolio and roadmap for IoT Microcontrollers (PSoC™ and XMC™) AIROC™ Wi-Fi and Combos ‒ PSoC™ family for general purpose, ‒ Wi-Fi standalone and Wi-Fi & Bluetooth® XMC™ family for industrial Combo chips for end devices ‒ Strength in low power, high ‒ Focus on innova
Slide 62: Customized Machine Learning on PSOC Edge
Customized Machine Learning on PSOC™ Edge with Imagimob Studio and ModusToolbox™ With the seamless integration of Imagimob Studio and ModusToolbox™ companies can build and deploy robust machine learning models. When paired with PSOC™ Edge, companies can optimize power consumption and improve efficie
Slide 63: Next-generation PSOC Edge portfolio
Next-generation PSOC™ Edge portfolio: Infineon PSOC™ Edge E81, E83 and E84 microcontroller families PSOCTM Edge – Enables a new generation of responsive machine learning devices Fully integrated system-on-chip (SoC) devices supported with comprehensive system design tools and software. Based on the
Slide 64: Journey to becoming a leading IoT solution provider
Financial synergy success marked by our journey to becoming a leading IoT solution provider STEP 1 STEP 2 STEP 3 STEP 4 Product Sell Synergy Sell System Sell Solution Sell Products: Products: Products: Additional offering: Sensors Sensors Wireless and MCU Performance Power Power Hardware Security Ad
Slide 65: Selected financial figures
Selected financial figures 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 65
Slide 66: Strong presence in all regions; well-balanced customer portfolio
Strong presence in all regions; well-balanced customer portfolio; no customer represents more than 10% of total sales FY23 revenue by region Revenue by sales channel Distribution Top-10 direct customers1 partners1 Americas EMEA (excl. Germany) 15% 14% Japan Germany 11% 12% Distribution Top-10 direct
Slide 67: 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 -12% Q2 Q1 Q2 -2% FY23 FY24 FY24 4,149 ø USD/EUR 1.08 1.08 1.09 4,119 4,089 3,702 3,632 Order backlog1 [EUR bn] 36 32 29 24 24 28.6% 26.1% 25.
Slide 68: Automotive (ATV)
Automotive (ATV) Revenues Segment Result [EUR m] [EUR m] Revenues Segment Result Segment Result Margin 0% 0% 2,080 2,129 2,162 2,085 2,078 647 583 617 564 512 31.1% 27.4% 28.5% 27.1% 24.6% ‒ Stable revenue development – moderate inventory correction, and annual price declines compensated by structur
Slide 69: Green Industrial Power (GIP)
Green Industrial Power (GIP) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -16% -4% 558 565 582 487 469 181 171 166 130 32.4% 30.3% 28.5% 89 26.7% 19.0% ‒ Challenging business environment for industrial applications ‒ Weak corporate investing and low consumer
Slide 70: Power & Sensor Systems (PSS)
Power & Sensor Systems (PSS) Revenues Segment Result [EUR m] [EUR m] Segment Result Segment Result Margin Revenues -23% -7% 925 917 912 765 197 713 191 172 99 21.3% 20.8% 18.9% 64 12.9% 9.0% ‒ MOSFETs and ICs for consumer-facing applications remained weak; revenue uptick in servers and smartphones ‒
Slide 71: Connected Secure Systems (CSS)
Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -33% +2% 550 474 490 155 364 371 119 90 28.2% 25.1% 18.4% 37 42 10.2% 11.3% ‒ Stabilizing demand for consumer IoT and smart card products drove bottoming revenue ‒ Pace of inventory c
Slide 72: Gross margin and Opex
Gross margin and Opex Gross profit R&D SG&A [EUR m] [EUR m] [EUR m] 1,920 1,821 1,807 1,599 1,403 496 518 512 487 487 394 396 399 395 46.6 % 44.5 % 43.6 % 43.2 % 375 38.6 % 11.8% 12.1% 12.5% 13.8% 13.4% 10.7% 10.3% 9.6% 9.7% 9.6% Gross margin as reported Gross profit as reported R&D expenses as % of
Slide 73: 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] 1,057 614 768 326 653 643 450 456 467 434 441 565 193 82 -1,597 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 73
Slide 74: Working capital
Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days] 3,503 3,754 3,974 4,330 4,404 2,901 3,499 185 178 1,904 2,071 1,763 143 149 153 Trade receivables Trade payables [EUR m] [days] [EUR m] [days] 2,765 1,960 2,014 1,991 2,000 1,743 2,078
Slide 75: Return on capital employed
Return on capital employed Historical development 18.4% 18.0% 16.6% 15.8% 12.6% 10.9% 8.4% 7.5% 2024-05-07 Copyright © Infineon Technologies AG 2024. All rights reserved. 75
Slide 76: Earnings-per-share and total cash return
Earnings-per-share and total cash return Development of earnings-per-share (EPS) from continuing operations [EUR cent] 63 69 63 68 57 65 45 53 42 30 EPS basic EPS adjusted Total cash return to shareholders via dividends [EUR m] 456 417 ‒ Dividend for 336 351 283 305 286 FY24: €0.35 per share 248 ‒ D
Slide 77: Development of liquidity and debt
Development of liquidity and debt Capital structure [EUR m] Gross Cash Gross Debt Net Cash/Debt 3,446 3,590 2,986 2,712 2,583 2,447 -1,143 1,293 -1,693 1,464 -1,982 -5,398 -2,686 -5,941 -3,358 Dividend payout: - 456 EUR m Share buyback: - 233 EUR m Eurobond: + 500 EUR m 2024-05-07 Copyright © Infine
Slide 78: Maturity profile
Maturity profile Calendar years 2024 to 2033 [EUR m; USD m; nominal values] $350 €600 €750 €750 $350 €600 €750 €650 €500 €500 $350 $350 $350 $235 $250 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Corporate bonds under the EMTN program US PP 2016 Notes Hybrid bonds1 US PP 2021 Notes (Jun 2027, B
Slide 79: Conservative financial policy and investment-grade rating
Conservative financial policy and strict commitment to investment-grade rating are the basis for through-cycle flexibility Financial Policy Targets Status Quo (LTM 31 March 2024) Gross Cash1 €1bn + at least 10% of revenues → €2.6bn €1bn + 13% of revenues → €2.6bn Gross Debt2 ≤ 2.0x EBITDA 1.2x EBITD
Slide 80: Cinfineon
Cinfineon
Slide 81: 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
Slide 82: Glossary
Glossary AC alternating current IGBT insulated gate bipolar transistor ACC adaptive cruise control IoT internet of things AD automated driving IPM intelligent power module ADAS advanced driver assistance system LED light-emitting diode AEB autonomous emergency braking MCU microcontroller uni AI arti
Slide 83: Notes and ESG footnotes
Notes and ESG footnotes Investments = 'Purchase of property, plant and equipment' + 'Purchase of intangible assets and other assets' incl. capitalization of R&D expenses Capital Employed = 'Total assets' – 'Cash and cash equivalents' – 'Financial investments' – 'Assets classified as held for sale –
Slide 84: Financial calendar
Financial calendar Date Event Location 15 May 2024 JP Morgan European TMT Conference London 16 May 2024 UBS Best of Europe Conference virtual JP Morgan Annual Global Technology, Media and Communications Conference and 22 May 2024 Boston JP Morgan EMEA All Stars Forum 22 May 2024 dB Access European C
Slide 85: Institutional Investor Relations contacts
Institutional Investor Relations contacts Alexander Foltin Visitor address Executive Vice President Finance, Treasury & Investor Relations Am Campeon 1 – 15 +49 89 234-23766 885579 Neubiberg alexander.foltin@infineon.com Germany Daniel Györy Isabell Diel Senior Director Senior Manager Investor Relat