Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q3 FY2021 Earnings Presentation

15 slides from Infineon Technologies's earnings presentation, Aug 3, 2021

  1. Slide 1: Third Quarter FY 2021 Analyst Call

    Third Quarter FY 2021 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 Average exchange rate 2,722 60% Q3 Q2 Q3 2,631 2,700 2,490 FY20 FY21 FY21 50% 2,174 ø USD/EUR 1.10 1.21 1.20 2000 40% Book-to-bill* *See notes for definition **Calculated on a like-for-li

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues* Segment Result* Margin Book-to-bill [EUR m] [EUR m] 197 199 185 1,219 1,205 1,150 2.3 2.3** 1,045 16.1% 16.2% 16.5% 810 1.5 59 1.3 -26 5.6% 0.2 -3.2% Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21 **C

  4. Slide 4: Industrial Power Control (IPC)

    Industrial Power Control (IPC) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 412 366 349 362 361 82 69 63 61 59 1.8* 1.6 1.4 19.8% 19.9% 17.2% 16.9% 1.1 16.3% 0.7 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21 *Ca

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

    Power & Sensor Systems (PSS) Revenues Segment Result Margin Book-to-bill [EUR m] [EUR m] 759 779 787 209 757 681 197 2.5* 184 167 143 1.9 27.5% 1.6 25.3% 23.4% 1.2 1.2 22.1% 21.0% Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21

  6. Slide 6: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues* Segment Result* Margin Book-to-bill [EUR m] [EUR m] 333 335 329 346 312 3.4** 2.6 2.6 45 47 39 42 30 1.1 12.5% 12.6% 13.4% 13.6% 0.8 9.1% Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21 FY20 FY20 FY21 FY21 FY21 *

  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 1.065 985 972 376 321 333 341 328 342 793 308 316 308 311 587 37.4% 36.0% 39.1% 31.8% 14.8% 13.8

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

    Working Capital, in particular trade working capital components Working capital* Inventories [EUR m] [EUR m] [days] 2,215 2,052 1,955 2,053 1,937 1,505 1,007 993 945 855 126 109 112 107 101 Q3 FY20 Q4 Q1 FY21 Q2 Q3 Q3 FY20 Q4 Q1 FY21 Q2 Q3 Inventories DIO* Trade receivables Trade payables [EUR m] [d

  9. Slide 9: Outlook for Q4 FY21 and FY21

    Outlook for Q4 FY21 and FY21 Outlook Q4 FY21* Outlook FY21* Revenue ~ €2.9bn ~ €11.0bn Segment Result Margin ~ 19% > 18% Investments in FY21 ~ €1.6bn D&A in FY21 €1.5bn – €1.6bn** Free cash flow in FY21 ~ €1.5bn (prev.: > € 1.2bn) * Based on an assumed average exchange rate of $1.20 for €1.00 ** Inc

  10. Slide 10: Questions & Answers

    Questions & Answers 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 10

  11. Slide 11: Key points

    Key points Strong third quarter of 2021 fiscal year €2.7bn revenue, 18.2% Segment Result Margin despite Austin and Melaka disruptions Strong cyclical background and unchanged structural growth › Demand is outstripping supply in almost all areas › Many products are on allocation and inventories are l

  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 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

  14. Slide 14: 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

  15. Slide 15: Part of your life. Part of tomorrow.

    Cinfineon Part of your life. Part of tomorrow.

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