Infineon Technologies Ag · XETR:IFX
Infineon Technologies — Q2 FY2020 Earnings Presentation
13 slides from Infineon Technologies's earnings presentation, May 5, 2020
Slide 1: Second Quarter FY 2020 Analyst Call
Second Quarter FY 2020 Analyst Call Infineon Technologies AG Investor Relations
Slide 2: Group financial performance
Group financial performance Revenues and segment result USD impact on revenue [EUR m] Revenues Segment result Margin Average exchange rate 0% 4% Q2 Q1 Q2 FY19 FY20 FY20 ø USD/EUR 1.14 1.11 1.10 2,015 2,062 1,986 1,983 1,916 Revenue development q-q y-y As reported 4% 0% At const. USD/EUR 3% -2% Book-
Slide 3: Automotive (ATV)
Automotive (ATV) Revenues Segment Result Book-to-bill [EUR m] [EUR m] Margin -3% 2% 875 888 893 829 846 112 98 78 67 51 0.9 0.9 0.8 12.8% 0.8 0.8 11.0% 8.7% 6.0% 8.1% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY20 › Quarterly r
Slide 4: Industrial Power Control (IPC)
Industrial Power Control (IPC) Revenues Segment Result Book-to-bill [EUR m] [EUR m] Margin 3% 7% 347 357 362 358 67 334 62 62 59 55 1.1 1.0 19.3% 18.6 % 0.7 0.7 0.8 17.3% 16.3% 15.4% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY
Slide 5: Power & Sensor Systems (PSS)
Power & Sensor Systems* (PSS) Revenues Segment Result Book-to-bill [EUR m] [EUR m] Margin 4% 4% 639 617 591 598 593 153 146 145 138 132 1.0 24.2% 23.9% 24.6% 0.9 22.3% 22.4% 0.7 0.6 0.5 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20
Slide 6: Digital Security Solutions (DSS)
Digital Security Solutions (DSS) Revenues Segment Result Book-to-bill [EUR m] [EUR m] Margin -1% 3% 164 167 162 162 158 1.3 1.1 1.1 23 0.9 0.8 19 22 22 19 13.6% 13.9% 14.2% 11.6% 11.4% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20
Slide 7: Gross margin and Opex
Gross margin and Opex Gross profit R&D SG&A Gross profit as Gross margin R&D expenses R&D expenses SG&A expenses SG&A expenses reported [EUR m] as reported [EUR m] as % of revenue [EUR m] as % of revenue 236 243 243 241 230 222 749 212 214 214 735 731 709 204 686 37.8% 36.5% 37.0% 12.7% 12.1% 35.5%
Slide 8: Outlook for Q3 FY20 and FY20 including Cypress
Outlook for Q3 FY20 and FY20 including Cypress Outlook Q3 FY20* Outlook FY20* ~ €8.4bn Revenue €1.9bn to €2.3bn +/- 5% At the mid-point of the revenue guidance: Segment At the mid-point of the revenue guidance: positive mid-single digit Result Margin percentage ~12% Investments in FY20 €1.2bn – €1.3
Slide 9: Key points
Key points Q2 FY20: Solid level of profitability › Revenue of €1,986m: +/-0% y-y / +4% q-q › Segment result margin: 13.8% No playbook for coronavirus crisis › Covid-19 poses unprecedented challenges, especially for auto › Infineon is crisis-tested › No loss-making quarter, double-digit annual segmen
Slide 10: Questions & Answers
Questions & Answers 2020-05-05 Copyright © Infineon Technologies AG 2020. All rights reserved. 10
Slide 11: Appendix: Book-to-bill ratio - Definition
Appendix: 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 replenishme
Slide 12: Disclaimer
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
Slide 13: Cinfineon
Cinfineon Part of your life. Part of tomorrow.
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