Slide 1: Presentation results FY 2023
Presentation results FY 2023 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 1
Slide 2: What do we do?
What do we do? We create innovative micro-electronic solutions for the best imaginable future The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 2
Slide 3: Common denominator: sensing & driving is everywhere
Common denominator: sensing & driving is everywhere Automotive Home Motorcycles and e-bikes Consumer Industry Healthcare The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 3
Slide 4: Melexis supplied > 1.8 billion ICs worldwide in 2023
Melexis supplied > 1.8 billion ICs worldwide in 2023 • Magnetic position sensors • Pressure sensors • Inductive position sensors • Tire monitoring sensors • Current sensors • Temperature sensors • Latch & switch • Optical sensors • Embedded drivers • Sensor interfaces • Smart drivers • Embedded ligh
Slide 5: Process flow
Process flow Chip design Wafer probe Final test 1 2 3 4 5 Idea Customer Wafer fab Assembly The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 5
Slide 6: Melexis strategy
Melexis strategy Leadership in sensing and Organic growth Focus on driving solutions in non- innovation to our automotive customers’ markets advantage The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 6
Slide 7: Growth trajectory Melexis target
Growth drivers Automotive¹ EV powertrain EV battery Lighting ≥10% CAGR EV thermal management E-braking & E-steering Sales Growth trajectory Beyond Automotive Sustainable World Robotics Melexis target ≥15% CAGR Alternative Mobility Sales Digital Health 2023-2030 Gross Profit margin ≥45% EBIT margin ≥
Slide 8: Over 2,000 people on 3 continents
Over 2,000 people on 3 continents Sales & Applications Belgium – Ieper, Tessenderlo Greater China – Shanghai, Shenzhen France – Grasse, Paris Germany – Erfurt, Dresden Japan – Yokohama USA – Detroit, San Jose South Korea – Seoul Switzerland - Bevaix Manufacturing Belgium – Ieper Bulgaria – Sofia Fra
Slide 9: ESG
ESG 16% People 41% Planet 9m23 24% Others 19% People & Planet Sustainable Portfolio 40% less CO2 emissions Board of directors (50/50) (% Sales) per chip by 2030 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 9 The content of this presentation is CONFIDENTIAL & P
Slide 10: AUTOMOTIVE
AUTOMOTIVE 10 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 11: Automotive market
Automotive market 11 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 12: Major automotive trends
Major automotive trends 12 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 13: ① Electrification
① Electrification 13 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 14: ① Electrification
① Electrification 14 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 15: ② Premiumization
② Premiumization 15 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 16: ② Premiumization
② Premiumization 16 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 17: ③ ADAS (Advanced Driver Assistance System)
③ ADAS (Advanced Driver Assistance System) 17 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 18: Serviceable Addressable Market (Euro)
Serviceable Addressable Market (Euro) 18 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 19: Serviceable Addressable Market (Euro)
Serviceable Addressable Market (Euro) 19 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 20: Tesla Model Y / X, S, 3 and cybertruck
Tesla Model Y / X, S, 3 and cybertruck Chassis - Body - Safety (# 31 ICs) Powertrain (# 14-20 ICs) Seat belt buckle (x5) Seat ventilation fan (x4) Rear view mirror defogging fan (x1) ADAS/5G Domain controller fan (x1) EV inverter (x4-8) EV inverter temperature (x2-4) HVAC blower (x1) HVAC pressure (
Slide 21: NIO ES6 蔚来汽车
NIO ES6 蔚来汽车 Chassis - Body - Safety (# 48 ICs) Powertrain (# 9 ICs) Seat ventilation fan (x10) Interior ambient lighting (x24) Steering angle (x2) Rain light (x1) Tailgate actuation (x1) HVAC flap (x8) EV inverter (x6) Expansion valve (x3) Brake position (x2) 21 The content of this presentation is
Slide 22: Melexis' car
Melexis' car 22 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 23: Beyond automotive
Beyond automotive Focus Areas The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 23
Slide 24: Beyond automotive
Beyond automotive Growth ambition CAGR 2023-2030 ≥ 15% The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 24
Slide 25: Evolution financials 2000-2023
4Q23 4Q23 4Q23 2Q23 2Q23 2Q23 4Q22 4Q22 4Q22 2Q22 2Q22 2Q22 4Q21 4Q21 4Q21 2Q21 2Q21 2Q21 4Q20 4Q20 4Q20 2Q20 2Q20 2Q20 4Q19 4Q19 4Q19 2Q19 2Q19 2Q19 4Q18 4Q18 4Q18 2Q18 2Q18 2Q18 4Q17 4Q17 4Q17 2Q17 2Q17 2Q17 4Q16 4Q16 4Q16 2Q16 2Q16 2Q16 4Q15 4Q15 4Q15 2Q15 2Q15 2Q15 4Q14 4Q14 4Q14 2Q14 2Q14 2Q14
Slide 26: % ASSP sales % automotive sales
% ASSP sales % automotive sales 80% 95% 75% 91% 74% 90% 70% 65% 85% 60% 80% 55% 50% 75% 45% 70% 40% 65% 35% 30% 60% 2007 2009 2011 2013 2015 2017 2019 2021 2023 2007 2009 2011 2013 2015 2017 2019 2021 2023 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 26
Slide 27: Q4 2023 results at a glance
Q4 2023 results at a glance Sales Gross margin Operating result 250.5m EUR 44.6% 24.6% 111.7m EUR 61.5m EUR +12% Y-o-Y +12% Y-o-Y +6% Y-o-Y Net result Oper. cash flow Net cash 1.23 EPS (before wcap change) 39.3m EUR 49.8m EUR 68.9m EUR +3% Y-o-Y -4% Y-o-Y Outlook Melexis expects sales in the first q
Slide 28: Profit & loss
Profit & loss Q4 2023 versus Q4 2022 versus Q3 2023 P&L account Q4 2023 % of Sales Q4 2022 % of Sales Q3 2023 % of Sales (in million EUR) Sales 250.5 100.0% 223.9 100.0% 248.6 100.0% Cost of goods sold -138.8 -55.4% -124.3 -55.5% -134.1 -53.9% Gross margin 111.7 44.6% 99.5 44.5% 114.5 46.1% R&D -29.
Slide 29: FY 2023 results at a glance
FY 2023 results at a glance Sales Gross margin Operating result 964.3m EUR 45.7% 27.1% 440.2m EUR 261.3m EUR +15% Y-o-Y +17% Y-o-Y +15% Y-o-Y Net result Oper. cash flow Net cash 5.18 EPS (before wcap change) 39.3m EUR 209.5m EUR 303.0m EUR +8% Y-o-Y +6% Y-o-Y Outlook Melexis expects sales in the fir
Slide 30: Profit & loss
Profit & loss FY 2023 versus FY 2022 P&L account FY 2023 % of Sales FY 2022 % of Sales (in million EUR) Sales 964.3 100.0% 836.2 100.0% Cost of goods sold -524.1 -54.3% -461.5 -55.2% Gross margin 440.2 45.7% 374.7 44.8% R&D -106.7 -11.1% -90.2 -10.8% G&A -50.6 -5.2% -40.9 -4.9% Selling -21.6 -2.2% -
Slide 31: Balance sheet
Balance sheet Q4 2023 versus Q4 2022 versus Q3 2023 Balance Sheet Q4 2023 Q4 2022 Q3 2023 (in million EUR) Total assets 866.1 580.2 798.7 Current assets Cash 39.3 85.1 30.5 Inventory 254.3 179.6 227.4 A/R Trade 120.2 107.5 130.8 Non-current assets 416.0 172.5 387.5 Shareholders' equity 551.1 482.1 5
Slide 32: Q4 2023 cash flow
Q4 2023 cash flow The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 32
Slide 33: FY 2023 cash flow
FY 2023 cash flow The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 33
Slide 34: Dividend yield
Dividend yield Gross dividend per share (EUR) 2006 0.50 Based on average share price 2007 0.60 EUR 2008 0.60 4.00 9% 2009 0.00 8% 2010 0.30 3.50 2011 0.60 3.00 7% 2012 0.65 6% 2.50 2013 0.70 5% 2014 1.00 2.00 4% 2015 1.90 1.50 2016 2.00 3% 1.00 2% 2017 2.10 2018 2.20 0.50 1% 2019 1.30 0.00 0% 2020 2
Slide 35: Shareholder structure & shareholder return
Shareholder structure & shareholder return Shareholder Return Shareholder structure on 2002-2023 200 31 December 2023 Return investment 2002-2023 = 15% per year 180 160 140 25% 120 50% 100 80 25% 60 40 20 Elex NV Sensinnovat BV Public 0 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 Share pr
Slide 36: Industry firsts from Melexis
Industry firsts from Melexis 2012 2018 2023 Single chip LIN RGB driver IC Next generation Triaxis® First contactless temperature to be integrated in smart-watch Pressure sensor featuring SENT Position sensor IC and Unprecedented accuracy for Hall-effect DC current sensing 16x4 pixel infrared array H
Slide 37: Melexis Investor Relations
Melexis Investor Relations Karen van Griensven CFO investor@melexis.com Valerie Kerfs Senior IR Professional The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 37