Elmos Semiconductor Se · XETR:ELG
Elmos Semiconductor — Conference Presentation (February 2025)
18 slides from Elmos Semiconductor's conference presentation, Feb 18, 2025
Slide 1: Analysts' Conference Presentation
Analysts‘ Conference Presentation February 2025 DISCLAIMER This presentation contains selected, preliminary and unaudited financial figures regarding fiscal year 2024 as well as forward-looking statements.
Slide 2: Elmos: Leading Fabless Automotive Semiconductor Specialist
Elmos: Leading Fabless Automotive Semiconductor Specialist Corporate Highlights Sales Breakdown FY 2024 Financial Highlights FY 2024 Non-automotive ~8 Elmos ICs on average in every new car produced 8% 581 million Euro group sales record sales in a challenging environment Automotive focused: Sales by
Slide 3: Elmos' Application Fields – Enabling Intelligent Electronics
Elmos’ Application Fields – Enabling Intelligent Electronics Ultrasonic Ranging LED Rear Light LED Ambient Light Safety Systems & eFuse Control Motor Control & Thermal Management Smart Sensing & Battery Management Elmos is a pioneer for innovative IC solutions and the world market leader for various
Slide 4: Elmos: Leading Automotive IC Supplier in All of its Application Fields
Elmos: Leading Automotive IC Supplier in All of its Application Fields Automotive Semiconductor Market Positions Motor Control ICs for ICs for LED Lighting ICs for Ultrasonic Pressure Sensing ICs Airbag Firing ICs HVAC Actuators Interior and Exterior Parking & 360° Ranging for Brake Systems for Safe
Slide 5: Modern BEV Car Platforms Supporting Further Demand Growth
Modern BEV Car Platforms Supporting Further Demand Growth Internal Combustion Engine (ICE) sdfsdfToday‘s Drivetrain Independent / PHEV Tomorrow‘s vs. Battery Electric Vehicle (BEV) ▪ sdfsdf ICE Vehicle Premium Premium BEV ▪ On average 8 Elmos ICs per every new car produced globally ▪ Vast majority o
Slide 6: Automotive Applications Powered by Innovative Elmos Semiconductors
Automotive Applications Powered by Innovative Elmos Semiconductors Electrification & Efficiency Comfort & Premium Safety & ADAS Autonomous Driving Ambient Lighting Touchless Control Airbag Exterieur Functions Rear Lighting ▪ 360° sourround sensing ▪ Stripes ▪ Display gesture recognition ▪ Passenger
Slide 7: Global Automotive Megatrends Fueling Long-term Market Growth
Global Automotive Megatrends Fueling Long-term Market Growth Global Light Vehicle Production Semiconductor Content per Vehicle Automotive Semiconductor Market (in million units) (in USD) (in billion USD) CAGR CAGR CAGR +3% +10% +13% 96.9 1,428 138.5 89.0 17.9 Europe Chip shortage 74.6 16.6 2020 - 20
Slide 8: Economic / Market / Strategic Highlights
Economic / Market / Strategic Highlights Economic Environment Automotive Semiconductor Market Strategic Highlights ▪ Fiscal year 2024 was affected by a challenging ▪ After three years of very dynamic growth, the ▪ The acquisition of new projects has continued economic, market and geopolitical automo
Slide 9: New Sales Record for the Fourth Consecutive Year
New Sales Record for the Fourth Consecutive Year Annual sales (in million Euro) & gross margin (in %) Quarterly sales (in million Euro) & gross margin (in %) +1.1% 575.0 581.1 156.6 142.0 145.7 136.8 447.2 322.1 45.8% 45.2% 47.0% 232.6 46.4% 47.2% 37.1% 44.9% 43.8% 39.8% 2020 2021 2022 2023 2024 Q1
Slide 10: FY 2024 Operating EBIT underlines Robust Operating Model
FY 2024 Operating EBIT underlines Robust Operating Model Annual EBIT (in million Euro) & EBIT margin (in %) Quarterly EBIT (in million Euro) & EBIT margin (in %) Reported EBIT: Reported EBIT: 172.6m Euro 63.0m Euro 39.9 150.7 145.8 35.9 36.2 33.8 110.1 26.2% 25.1% 24.7% 25.3% 25.5% 24.8% 24.6% 60.0
Slide 11: CAPEX Significantly Reduced compared to the Previous Year
CAPEX Significantly Reduced compared to the Previous Year 1 CAPEX (in million Euro & in % of sales) R&D expenses (in million Euro & in % of sales) 115.1 68.8 59.1 55.5 47.7 48.7 73.0 20.5% 60.0 44.3 15.1% 18.6% 20.0% 16.3% 12.4% 12.0% 10.2% 18.8 7.6% 8.1% 2020 2021 2022 2023 2024 2020 2021 2022 2023
Slide 12: Cash Flow in line with Guidance
Cash Flow in line with Guidance 1 Cash flow from operations (in million Euro) Adjusted free cash flow (in million Euro) supported by supported by 37.2m Euro 55.4m Euro 102.6 due to fab sale due to fab sale 98.6 14.9 79.6 12.9 11.1 5.1 27.3 3.6 16.3 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 ▪
Slide 13: Market forecast
Market forecast Automotive market 1 Light vehicle production in million units (IHS) -1% -0.5% 95.2 90.5 89.0 89.4 89.0 2017 2019 2023 2024 2025e 1S&P Global Mobility Light Vehicle Production Forecast (January 2025) 13
Slide 14: Guidance
Guidance Elmos FY 2025 guidance (as of February 18, 2025) Guidance for FY 2025 Sales: 580 million Euro ± 30 million Euro EBIT margin: 23% ± 3 percentage points CAPEX1 (in % of sales): 7% ± 2 percentage points Adjusted free cash flow2: 7% ± 2 percentage points Ø exchange rate: 1.05 EUR/USD Notes to g
Slide 15: Elmos: Investment thesis
Elmos: Investment thesis Global leader in automotive mixed-signal ICs in attractive niche markets 1 with 40 years of experience Higher Driving megatrends in vehicle electrification, autonomous driving, Cash Generation 2 comfort and digitalization & Shareholder Value 3 Flexible and agile corporate st
Slide 16: Shareholder structure set for long-term perspective
Shareholder structure set for long-term perspective Elmos Semiconductor SE shareholder structure (February 2025) Elmos 5-year share price development Market capitalization (as of February 14, 2025) 22.90% ~1.3 billion Euro Close Feb 14, 2025 100 € 72.40 Euro 40.66% 90 € 80 € 17.04% 70 € 60 € 3.11% 1
Slide 17: Financial calendar / IR contact / Research coverage / basic share data
Financial calendar / IR contact / Research coverage / basic share data Event Date Investor Relations contact 1 Preliminary results 2024 February 18, 2025 Ralf Hoppe 1 Final results 2024 March 20, 2025 CIR – Corporate Investor Relations, Communications & ESG 1 Quarterly results Q1 2025 May 6, 2025 Ph
Slide 18: DISCLAIMER
DISCLAIMER This presentation contains forward-looking statements based on beliefs of Elmos‘ management. Such statements reflect the company‘s current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different
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