Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Infineon Tech — Q1 2025 Earnings Presentation

85 slides from Infineon Technologies's earnings presentation, Feb 4, 2025

Slide 1: First Quarter FY 2025 Quarterly Update
First Quarter FY 2025 Quarterly Update Infineon Technologies AG Investor Relations 1
Slide 2: Infineon at a glance
Infineon at a glance Addressing long-term high-growth trends FY24 revenue by segment Automotive (ATV) 10% Green Industrial Power (GIP) 21% Power & Sensor Systems (PSS) 56% Connected Secure Systems (CSS) Energy Mobility IoT 13% green and efficient clean and safe smart and secure Financials FY24 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 FY24 revenue of €14,955m by segment and key application CSS E-mobility Other 10% 16% 20% Renewables BPA/Power Tools 7% 1% 21% Automation & Drives 4% PSS ATV 7% Software- 5% 56%
Slide 4: Infineon is a global player, clear #1 in power semiconductors
Infineon is a global player, clear #1 in power semiconductors, Automotive semis and automotive microcontroller markets Power discretes and modules Automotive semiconductors 2023 total global market: $35.7bn1 2023 total market: $69.2bn2 Infineon 20.8% Infineon 13.7% NXP 10.8% onsemi 9.2% STMicro 10.2
Slide 5: Our Target Operating Model
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: Modular investment approach allows ramp-up in line with market demand
Modular investment approach allows ramp-up in line with market demand to ensure long-term value creation Infineon investments1 FY 23-25 [EUR m] -20% ~ 3.000 ~2.700 ~ 2.500 Strategic investments – shell construction ‒ Dresden M4 Capacity investments – key growth areas ‒ SiC/GaN: transition to 200mm/3
Slide 7: Outlook for Q2 FY25 and FY25
Outlook for Q2 FY25 and FY25 Outlook Outlook Q2 FY251 FY251 Revenue ~€3.6bn flat to slightly up vs. prior year Adj. Gross Margin ~40% Segment Result Margin mid-teens % mid-to-high-teens % FCF/adj. FCF ~€900m/~€1.7bn Investments ~€2.5bn D&A ~€2.0bn2 1 Based on an assumed average exchange rate of $1.0
Slide 8: 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 9: Infineon is the leader across all power semiconductor technologies
Infineon is the leader across all power semiconductor technologies – unparalleled portfolio and know-how World’s thinnest silicon power World’s most competitive World’s first 300mm wafer with 20µm on 300mm 200mm silicon carbide power fab gallium nitride power wafer ‒ Broadest Si-power portfolio ‒ Br
Slide 10: Infineon presents the world's thinnest silicon power wafer
Infineon presents the world’s thinnest silicon power wafer paving the way for more energy efficient power systems Infineon reduces wafer thickness from 40µm to 20µm [µm] 180 ‒ Infineon pioneers 20µm process at high-scale production 160 ‒ Halving thickness also 140 halves resistance, reducing power l
Slide 11: With opening Kulim 3, Infineon on track to most competitive SiC provider
With opening Kulim 3, Infineon is on track to becoming the industry's most competitive provider of SiC technology SiC raw material supplier network ‒ More than 6 qualified SiC wafer and boule suppliers ‒ Globally diversified and resilient Superior trench technology ‒ 30% more chips per wafer than pl
Slide 12: 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-volum
Slide 13: Infineon is a leader in GaN technology
Infineon is a leader in GaN technology and can build on the industry’s broadest IP portfolio and application expertise Leading GaN product Broadest IP portfolio MV and HV portfolio in the market applications (~350 patent families) World’s first 300mm GaN manufacturing Leadership process strengthens
Slide 14: Transition to WBG vastly differs by application
Transition to WBG vastly differs by application with Si expected to remain technology of choice for many of them 2020 2030 xEV High power EV Charging SiC with advantage in high power switching Energy Solar Storage performance and power density Systems On-board Charger GaN superior switching performa
Slide 15: 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- at the core o Battery- powered ineon f Io Pow
Slide 17: Our 2030 carbon neutrality goal is aligned with the Paris Climate Agreement
Our 2030 carbon neutrality goal is aligned with the Paris Climate Agreement’s 1.5°C target CO2 burden1 CO2 savings2 2.9 million tons of CO2 equivalents 130 million tons of CO2 equivalents Ratio ~1:45 On the road to carbon neutrality3 we achieved Infineon’s CO2 target3 by 2025 and 2030 significant mi
Slide 18: External recognitions confirm our engagement in a sustainable society
External recognitions confirm our engagement in contributing to a sustainable society Rating/Score Scale Date MSCI ESG AAA CCC to AAA 05/2024 B climate scoring CDP F to A 02/2024 B water scoring Ecovadis 99th percentile “Platinum” award 0 to 100 06/2024 77 Dow Jones Sustainability Dow Jones Sustaina
Slide 20: ATV at a glance
ATV at a glance ATV revenue and Segment Result Margin FY24 revenue split by product group [EUR m] Memory ICs CAGR 24% (FY20 – FY24) 8,242 8,423 6,516 MCUs 4,841 3,521 29% 26% 23% 16% 4% Power (incl. SiC) Revenue Segment result margin Sensors Key customers 2025-02-04 Copyright © Infineon Technologies
Slide 21: Shift of EV growth and lower momentum of car production
Shift of EV growth and lower momentum of car production Applications Market outlook for CY25 ‒ Car demand is expected to remain flat. Although macroeconomic conditions are improving, headwinds remain, including e.g. dealer inventory adjustments and cautious consumer demand Automotive ‒ Key regions E
Slide 22: Strong content growth drivers in xEV and software-defined vehicles
Several strong content growth drivers for Infineon in xEV and software-defined vehicles, even at flat LV production Structural trends fueling our growth Overview of growth vectors until 2030 2024 2030 xEV ‒ Strong volume growth of BEVs and PHEVs Share of xEVs ‒ Increasing share of SiC in traction in
Slide 23: Infineon is the world leader in automotive semis
Infineon is the world leader in automotive semis, serving all key applications and benefiting strongly from content growth Average semiconductor bill-of-material per car in 2024 and 2030 Semiconductors covered by Infineon Drivetrain applications: ~$1,650 per BEV (up to ~$2,500 for high-end car) ‒ Tr
Slide 24: A very 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 cust
Slide 25: 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 40V Power door Power Brake Electric power BMS Transmission Windshield
Slide 27: xEV is a strong content growth driver for Infineon
xEV is a strong content growth driver for Infineon, even at flat LV production Power semi content per vehicle for drivetrain only Infineon’s power semiconductor offering $600 ‒ Only player offering Si, SiC and GaN $400 ‒ Addressing traction inverter, OBC, DC-DC converter, BMS, aux. ‒ Fusion modules
Slide 28: Several design-wins at BYD
Several design-wins at BYD for MCUs, PMICs, MOSFETs and sensors covering zone control units and steering applications Supporting the latest car models of China’s #1 NEV OEM with our broad range of leading semiconductors AURIX MCUs Voltage regulators OptiMOS 7 MOSFETs TRAVEO MCUs PROFET family TMR-ba
Slide 29: Stellantis and Infineon teaming up on power architecture
Stellantis and Infineon are teaming up to advance innovation in power conversion/distribution for next-gen vehicle architectures The two companies have signed major supply and capacity agreements as the foundation to develop the next-generation of power architecture, including: (1) CoolSiC power dev
Slide 30: Xiaomi SU7 Max: Infineon contributes >60 components
Xiaomi SU7 Max: Infineon contributes > 60 different components, incl. 2x HybridPACK Drive G2 CoolSiC 1200V 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 drive
Slide 31: 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 300kW, further customization possible OPTIREG 32-bit
Slide 32: Infineon fusion modules offering unique cost-performance ratio
Infineon fusion modules offering unique cost-performance ratio, confirmed by cycle data for normal driving scenarios Distribution of semiconductor usage in a typical car for an average driving scenario Fusion Inverter 1/3 SiC: 2/3 Si: Recouperate Drive 80kW 160kW 0kW 80 W 240kW 1.6 Everyday driving
Slide 33: Unmatched portfolio breadth leads to accelerated growth in SiC
Competitive setup, 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 most competitive fab and most diversified supplier netw
Slide 34: AURIX TC4x with integrated PPU brings AI-on-the-edge to the battery
Infineon AURIX TC4x with integrated PPU brings AI-on-the-edge to the battery AURIX TC4x Efficient battery cell utilization Battery cost ‒ Higher capacity PPU ‒ Less cells Battery health (parallel processing unit) ‒ Lower battery cost Faster charging High computing performance with complex Charging s
Slide 36: Software-defined vehicles enabled by safe computing and power distribution
Software-defined vehicles are enabled by safe/secure computing, high-speed in-vehicle networks, and intelligent power distribution new features in monetization of safety and security functions & data Advantages of standardization of new features in comfort, software-defined components connectivity a
Slide 37: AURIX driving the transition towards zonal architecture
Besides edge computing AURIX is driving the transition towards zonal architecture Components of hierarchical E/E architectures AURIX MCUs enable zone control units for SDV Strong performance − High frequency, multi-core, large and versatility memory, data routing engine − Scalable MCU family Rich co
Slide 38: AURIX family matches requirements in high-end applications
The Infineon AURIX family matches ideally all requirements in today’s high-end applications Map of application complexity and latency requirements AURIX without PPU AURIX with PPU real-time edge AI trajectory control Requirements on real-time and latency and planning sensor fusion for AD L2+ AURIX i
Slide 39: Smart semiconductors in power distribution key enabler for SDV
Smart semiconductors in power distribution systems is key enabler for SDV while ensuring high availability and resilience Infineon PROFET Wire Guard enables SDV Relay replacement Switch PROFET Wire Guard Fuse Iso 26262 replacement Protect compliant Load status Fast failure isolation Diagnose (< 500
Slide 40: 48V enables higher power demand features
48V enables higher power demand features for future E/E architectures and automated driving Demand of in-vehicle loads is sharply increasing and requires 48V architectures LED Lighting Cooling fan LED Lighting ‒ More high-power applications and the introduction of zonal E/E architectures Brake Blowe
Slide 41: 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 L0 5 4,5 4 L0 3,5 Lane Detection Speed 3 2,5 L1 2 1,5 1 0,5 0 L1/L2/L2+ Traffic signs Angle L1 to re
Slide 43: GIP at a glance
GIP at a glance GIP revenue and Segment Result Margin FY24 revenue split by product group [EUR m] Discretes CAGR 8% (incl.SiC) (FY20 – FY24) Modules (incl. SiC) 2,205 1,934 1,790 1,406 1,542 30% Gate driver ICs 21% 22% 18% 18% Revenue Segment result margin Key customers 2025-02-04 Copyright © Infine
Slide 44: Inventory correction in PV and Drives continues into 2025
Inventory correction in PV and Drives continues into 2025, growth in Power Infrastructure and Transportation Applications % of FY24 segment revenue Market outlook for CY25 ‒ PV: due to persistent high semi conductor inventories in value chain and price declines semi market for PV is ~30% Renewable e
Slide 45: Huge potential along entire 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 +4,600GW Grid network Heat pump +420m units investments +200k FC EV Wind power +1,900GW Grid storage +900GW H2 Fuel cell1 +200k FC Trucks +185
Slide 46: 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 5000 Mainly IGBT 4000 3500 3500 3000 2000 2000 2500 2000 1000 1500 1000 0 60 600 500 0 0 100 40 Fossil, nuclear, Wind Solar Grid-scal
Slide 47: EV charging is 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 49: PSS at a glance
PSS at a glance PSS revenue and Segment Result Margin FY24 revenue split by product group [EUR m] CAGR 4% RF & Sensors (FY20 – FY24) 4,070 3,798 3,268 3,088 HiRel 2,650 25% 28% 23% 11% Power (incl. GaN) 24% Revenue Segment result margin Key customers 2025-02-04 Copyright © Infineon Technologies AG 2
Slide 50: CY25 end-market uncertain with limited visibility
CY25 end-market uncertain with limited visibility; upside potential driven by improving macro conditions and AI Applications % of FY24 segment revenue1 Market outlook for CY25 ~20% ‒ Server AI strength to continue in CY25 and will be complemented by cloud computing growth. Computing ‒ PC market is e
Slide 51: Sensor business in one organization
Sensor business in one organization will create clear benefits for the customers as 3rd pillar besides Power & Embedded Control Infineon joins forces to become a leader in the sensor market PSS Business Unit SURF (Sensor Units & RF) Customer centricity Comprehensive portfolio Innovation-to-customer
Slide 52: AI will be a strong driver of revenue for server business
AI will be a strong driver of revenue increase for Infineon’s server business Large North American CPU/GPU manufacturer B In FY25 AI revenue Infineon AI server revenue Large North Further major platform win with leading North in our server business Large North American cloud American CPU/GPU provide
Slide 53: Serving all AI-related power conversion from grid-to-core
With its energy efficient power semiconductors Infineon is serving all AI-related power conversion from grid-to-core Power delivery network losses in an average AI data center AC/DC 277V AC – 48V DC DC/DC 48V – 12V DC/DC 12V – 1V 1  AC 277 V 42 – 54 V . PFC 48 V/ 12V→5V 48V→12V . 12 V 208 AC . 1 A
Slide 54: Infineon BOM per AI server rack up to $12k-$15k
Leading performance high density AI Server for accelerated compute – Infineon BOM per AI server rack up to between $12k and $15k Top of rack switches x1 $200-215 PSU (Power Supply Unit) x24 ~$120 x36 GPU Board (2 GPU + 1 CPU) Compute Tray ~$130 x10 Power x18 48V Bus Switch Tray Delivery Converter x9
Slide 55: State-of-the-art PSU solutions for AC/DC
Infineon is tackling the rising power requirements of AI systems with its state-of-the-art PSU solutions for AC/DC Power Supply Unit (PSU) solutions ranging from 3kW to 12kW and beyond >12kW 3-phase 12kW η ~97,5% 8kW 113 W/in3 η ~97,5% 1-phase 3.3kW 100 W/in3 η 97,4% 1-phase 3kW 98 W/in3 η 97,5% 1-p
Slide 56: 12kW partial Battery Backup Unit (BBU)
12kW partial Battery Backup Unit (BBU) – Meeting increasing power demands and strict space constraints for AI server BBU Module Functions 1. Converter Power Density to enable more battery cells per BBU 2. Protect AI servers from power fluctuations (peak power shaving) 3. Prevents data loss and syste
Slide 57: 48V Intermediate Bus Converters meeting AI demands
48V Intermediate bus converter Bus Converters (IBCs) – Meeting AI Demands for power density, duality, reliability, and efficiency Up to 5,000 defects per million (dpm) are linked to IBC failure (target is <500dpm) Cost of unplanned system downtime and rework due to component failure is very high Our
Slide 58: Dual-phase power modules enabling vertical power delivery
Dual-phase power modules enabling vertical power delivery matching increasing AI demands for power density and smaller form factor Two Chip Embedded Power Stages Chip Two Embedded Embedded Substrate Power[1.5A/mm2] Stages mounted on PCB [1A/mm2] in SingleTDM2354X Substrate [1.5A/mm2] 3x die TDM2254X
Slide 60: CSS at a glance
CSS at a glance CSS revenue and Segment Result Margin FY24 revenue split by product group [EUR m] MCUs CAGR 12% (FY20 – FY24) 2,046 1,822 1,397 1,506 974 21% 24% Security ICs 13% 13% 12% Connectivity Revenue Segment result margin Key customers 2025-02-04 Copyright © Infineon Technologies AG 2025. Al
Slide 61: Outlook for CY25 influenced by macro uncertainties
Outlook for CY25 influenced by continuing macro uncertainties and low consumer sentiment Applications % of FY24 segment revenue Market outlook for CY25 ‒ Risks remain, but a potential recovery could occur in the second half of CY25 if the macroeconomic situation Industrial IoT stabilizes, leading to
Slide 62: CSS offers a 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 innovation
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 hi
Slide 64: Customized Machine Learning on PSOC Edge with Imagimob
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 efficiency
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 FY24 revenue by region Revenue by sales channel Distribution Top-10 direct customers1 partners1 Americas EMEA (excl. Germany) 13% 15% Japan Germany 10% 11% Top-10 direct Distribution
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 -8% Q1 Q4 Q1 -13% FY24 FY24 FY25 ø USD/EUR 1.08 1.10 1.07 3,919 3,702 3,632 3,702 3,424 Order backlog1 [EUR bn] 24 24 22 20 19 22.4% 19.5% 19.
Slide 68: Automotive (ATV)
Automotive (ATV) Revenues Segment Result [EUR m] [EUR m] Segment Result Segment Result Margin Revenues -8% -11% 2,085 2,078 2,112 2,149 1,919 564 512 537 551 363 27.1% 24.6% 25.4% 25.6% 18.9% ‒ Revenue decrease due to significant inventory adjustment by customers, compounding seasonal effects. Sales
Slide 69: Green Industrial Power (GIP)
Green Industrial Power (GIP) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -30% -32% 487 475 503 469 130 111 340 89 88 26.7% 34 19.0% 18.5% 22.1% 10.0% ‒ A weak market environment, coupled with ongoing inventory correction, exacerbated the usual seasonal reven
Slide 70: Power & Sensor Systems (PSS)
Power & Sensor Systems (PSS) Revenues Segment Result [EUR m] [EUR m] Revenues Segment Result Segment Result Margin +7% -5% 861 820 765 713 749 149 99 105 64 70 18.2% 12.9% 9.3% 12.2% 9.0% ‒ Revenue decline as the consumer and smartphone businesses experienced usual seasonality. AI server power solut
Slide 71: Connected Secure Systems (CSS)
Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -5% -15% 406 364 371 366 344 62 37 42 42 30 15.3% 10.2% 11.3% 11.5% 8.7% ‒ All application areas declined sequentially due to ongoing weakness in consumer and IoT markets. ‒ The margi
Slide 72: Gross margin and Opex
Gross margin and Opex Gross profit 1 R&D 1 SG&A [EUR m] [EUR m] [EUR m] 1,643 1,621 1,534 1,446 1,343 556 530 553 544 522 395 375 390 393 395 44.4% 41.4% 41.4 % 39.8% 39.2 % 15.0% 14.6% 14.9% 13.3% 15.9% 10.7% 10.3% 10.5% 10.0% 11.5% Gross margin as reported Gross profit as reported* R&D expenses as
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] 1,145 722 731 700 393 653 643 487 456 467 470 473 82 -1,597 -237 2025-02-04 Copyright © Infineon Technologies AG 2025. All rights reserved. 73
Slide 74: Working capital, in particular trade working capital components
Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days2] 3,503 3,477 3,464 4,330 4,404 4,429 3,990 4,385 2,901 2,946 189 181 184 190 156 Trade receivables Trade payables [EUR m] [days] [EUR m] [days2] 2,142 2,250 2,059 2,160 2,003 2,105 2,0
Slide 75: Development of liquidity and debt
Development of liquidity and debt Capital structure [EUR m] Gross Cash Gross Debt Net Cash/Debt 2,712 2,583 2,345 2,201 1,957 -5,398 -2,686 -4,811 -2,610 -5,386 -3,041 -4,943 -2,986 -5,941 -3,358 2025-02-04 Copyright © Infineon Technologies AG 2025. All rights reserved. 75
Slide 76: Return on capital employed
Return on capital employed Historical development 20.5% 16.6% 12.6% 12.2% 8.4% 8.5% 3.0% 2025-02-04 Copyright © Infineon Technologies AG 2025. All rights reserved. 76
Slide 77: 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] 45 53 49 42 43 30 31 29 33 18 EPS basic EPS adjusted Total cash return to shareholders via dividends [EUR m] 456 455 417 ‒ Proposed dividend for 336 351 283 305 286 FY24: €0.35 per
Slide 78: Maturity profile
Maturity profile Calendar years 2025 to 2034 [EUR m; USD m; nominal values] $350 €600 €750 $350 €600 €750 €650 €500 €500 $350 $350 $235 $250 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Corporate bonds under the EMTN program US PP 2016 Notes Hybrid bonds1 US PP 2021 Notes (Jun 2027, (Feb 2025,
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 December 2024) Gross Cash1 At least 10% of revenue3 13% of revenue → €2.0bn Gross Debt2 ≤ 2.0x EBITDA 1.4x EBITDA ‒ Flexibility for f
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 unit AI art
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 20 February 25 Annual General Meeting 2025 13 February 25 Morgan Stanley The Investment Forum Middle East Abu Dhabi 25 – 26 February 2025 Goldman Sachs Flagship European Technology Conference London 5 March 2025 Morgan Stanley TMT Conference San Francisco 6 – 7
Slide 85: Investor Relations contacts
Investor Relations contacts Alexander Foltin Daniel Györy Executive Vice President Senior Director Finance, Treasury & Investor Relations Team lead Investor Relations +49 89 234-23766 +49 89 234-35078 alexander.foltin@infineon.com daniel.gyoery@infineon.com Isabell Diel Alexander Groschke Senior Man

Infineon Tech — Q1 2025 Earnings Presentation on 6ix

Infineon Technologies — Infineon Tech — Q1 2025 Earnings Presentation

Slide 1: First Quarter FY 2025 Quarterly Update

Slide 2: Infineon at a glance

Slide 3: Well-balanced portfolio among segments and key applications

Slide 4: Infineon is a global player, clear #1 in power semiconductors

Slide 5: Our Target Operating Model

Slide 6: Modular investment approach allows ramp-up in line with market demand

Slide 7: Outlook for Q2 FY25 and FY25

Slide 8: Undisputed power systems leadership mastering all three key materials

Slide 9: Infineon is the leader across all power semiconductor technologies

Slide 10: Infineon presents the world's thinnest silicon power wafer

Slide 11: With opening Kulim 3, Infineon on track to most competitive SiC provider

Slide 12: Smart phase-over and ramp-up of 200mm SiC volume production

Slide 13: Infineon is a leader in GaN technology

Slide 14: Transition to WBG vastly differs by application

Slide 15: Infineon at the core of IoT

Slide 16: ESG: Targets and achievements

Slide 17: Our 2030 carbon neutrality goal is aligned with the Paris Climate Agreement

Slide 18: External recognitions confirm our engagement in a sustainable society

Slide 19: Automotive

Slide 20: ATV at a glance

Slide 21: Shift of EV growth and lower momentum of car production

Slide 22: Strong content growth drivers in xEV and software-defined vehicles

Slide 23: Infineon is the world leader in automotive semis

Slide 24: A very broad portfolio with >300 product families

Slide 25: Number of power MOSFETs per car continues to increase

Slide 26: Electromobility

Slide 27: xEV is a strong content growth driver for Infineon

Slide 28: Several design-wins at BYD

Slide 29: Stellantis and Infineon teaming up on power architecture

Slide 30: Xiaomi SU7 Max: Infineon contributes >60 components

Slide 31: Broad product portfolio and system understanding

Slide 32: Infineon fusion modules offering unique cost-performance ratio

Slide 33: Unmatched portfolio breadth leads to accelerated growth in SiC

Slide 34: AURIX TC4x with integrated PPU brings AI-on-the-edge to the battery

Slide 35: Software-defined vehicle

Slide 36: Software-defined vehicles enabled by safe computing and power distribution

Slide 37: AURIX driving the transition towards zonal architecture

Slide 38: AURIX family matches requirements in high-end applications

Slide 39: Smart semiconductors in power distribution key enabler for SDV

Slide 40: 48V enables higher power demand features

Slide 41: Growth of L1/L2/L2+ main driver of ADAS content

Slide 42: Green Industrial Power

Slide 43: GIP at a glance

Slide 44: Inventory correction in PV and Drives continues into 2025

Slide 45: Huge potential along entire green energy chain until 2030

Slide 46: Green energy generation provides large business opportunities

Slide 47: EV charging is a key strategic application

Slide 48: Power & Sensor Systems

Slide 49: PSS at a glance

Slide 50: CY25 end-market uncertain with limited visibility

Slide 51: Sensor business in one organization

Slide 52: AI will be a strong driver of revenue for server business

Slide 53: Serving all AI-related power conversion from grid-to-core

Slide 54: Infineon BOM per AI server rack up to $12k-$15k

Slide 55: State-of-the-art PSU solutions for AC/DC

Slide 56: 12kW partial Battery Backup Unit (BBU)

Slide 57: 48V Intermediate Bus Converters meeting AI demands

Slide 58: Dual-phase power modules enabling vertical power delivery

Slide 59: Connected Secure Systems

Slide 60: CSS at a glance

Slide 61: Outlook for CY25 influenced by macro uncertainties

Slide 62: CSS offers a product portfolio and roadmap for IoT

Slide 63: Next-generation PSOC Edge portfolio

Slide 64: Customized Machine Learning on PSOC Edge with Imagimob

Slide 65: Selected financial figures

Slide 66: Strong presence in all regions; well-balanced customer portfolio

Slide 67: Group financial performance

Slide 68: Automotive (ATV)

Slide 69: Green Industrial Power (GIP)

Slide 70: Power & Sensor Systems (PSS)

Slide 71: Connected Secure Systems (CSS)

Slide 72: Gross margin and Opex

Slide 73: Investments, Depreciation & Amortization and Free Cash Flow

Slide 74: Working capital, in particular trade working capital components

Slide 75: Development of liquidity and debt

Slide 76: Return on capital employed

Slide 77: Earnings-per-share and total cash return

Slide 78: Maturity profile

Slide 79: Conservative financial policy and investment-grade rating