Infineon Technologies Ag · XETR:IFX
Infineon Technologies — Q4 FY2020 Earnings Presentation
15 slides from Infineon Technologies's earnings presentation, Nov 9, 2020
Slide 1: Fourth Quarter FY 2020 Analyst Call
Fourth Quarter FY 2020 Analyst Call Infineon Technologies AG Investor Relations
Slide 2: Group financial performance
Group financial performance Revenues and segment result USD exchange rate [EUR m] Revenues Segment result Margin Average exchange 8,567 rate 8,029 Q4 Q3 Q4 FY19 FY20 FY20 FY20 ø USD/EUR 1.11 1.10 1.17 1.12 2,490 60,00% 2,174 2,062 1,986 50,00% 1,916 16.4% 2000 13.7% Book-to-bill* *See notes for defi
Slide 3: Automotive (ATV)
Automotive (ATV) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 1,052 893 829 846 815 78 67 62 51 8.7% 8.1% 1.3 6.0% 5.9% 0.9 0.9 0.8 -2.9% -24 0.2 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 › Revenue: FY20 €3,
Slide 4: Industrial Power Control (IPC)
Industrial Power Control (IPC) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 362 358 366 69 334 349 62 62 63 59 19.8% 18.6% 17.3% 17.2% 1.1 1.0 1.1 16.3% 0.8 0.7 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 › Re
Slide 5: Power & Sensor Systems (PSS)
Power & Sensor Systems (PSS) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 759 209 681 639 593 617 153 146 138 143 27.5% 23.9% 24.6% 22.4% 1.2 1.2 21.0% 1.0 0.9 0.6 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 ›
Slide 6: Connected Secure Systems (CSS)
Connected Secure Systems (CSS) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 326 307 162 158 162 39 1.3 37 1.1 1.1 1.1 22 22 23 0.8 13.6% 13.9% 14.2% 12.1% 12.0% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 FY19 FY20 FY20 FY20 FY20 › Re
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 321 308 316 308 793 731 709 686 243 241 230 222 587 204 214 35.5% 37.0% 34.5% 14.8% 31.8% 14.5% 27.0% 12.7% 12.1% 12.4% 12.4% 11.2% 10.8% 10.6% 10.8% Q4 Q1
Slide 8: Trade working capital components
Trade working capital components Working capital* Inventories [EUR m] [EUR m] [days] 2,215 2,052 1,762 1,701 1,767 1,736 1,511 1,583 1,505 1,007 132 120 126 115 109 Q4 Q1 FY20 Q2 Q3 Q4 Q4 Q1 FY20 Q2 Q3 Q4 Inventories DIO* Trade receivables Trade payables [EUR m] [days] [EUR m] [days] 1,114 1,196 1,0
Slide 9: Outlook for Q1 FY21 and FY21
Outlook for Q1 FY21 and FY21 Outlook Q1 FY21* Outlook FY21* ~ €10.5bn Revenue €2.4bn – €2.7bn plus or minus 5% At the mid-point of the revenue guidance: At the mid-point of the revenue guidance: Segment Result Margin ~16% ~16.5% Investments in FY21 €1.4bn – €1.5bn D&A in FY21 €1.5bn – €1.6bn** Free
Slide 10: Key points
Key points FY20: A historical year for Infineon with the acquisition of Cypress › Revenue of €8,567m; Segment Result margin: 13.7%; Organic FCF of €911m Well positioned to perform under challenging conditions › Proven business resilience › Cypress integration on track › Accelerating adoption rates f
Slide 11: Questions & Answers
Questions & Answers 2020-11-09 no marking Copyright © Infineon Technologies AG 2020. All rights reserved. 11
Slide 12: Notes: Book-to-bill ratio definition
Notes Book-to-bill ratio - Definition Book-to-bill = Orders received / Revenue in Euro per quarter › Orders received contains order backlog and external customer forecast External customer forecast includes consignment stock forecast by customers Not included are internal consignment replenishment o
Slide 13: Notes
Notes 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 maturities of long-term debt' – 'Liabilities classified as held for sale') DIO (days inventory
Slide 14: 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
Slide 15: Cinfineon
Cinfineon Part of your life. Part of tomorrow.
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