X-fab Silicon Foundries Se · EURONEXT:XFAB
X-fab Silicon Foundries — Investor Day (2021)
9 slides from X-fab Silicon Foundries's investor day presentation, Jul 30, 2021
Slide 1: Financial model & outlook
Financial model & outlook Alba Morganti, CFO Company Confidential
Slide 2: Ready for future growth despite weak period
Ready for future growth despite weak period in m$ Total revenue vs. revenue core business 180 CAGR past 5 years: 7.9 % › Continued strong prototyping 160 activities 140 › Further strengthened core business 120 › 80% of total revenue (Q1 21) 100 › Worked on optimization projects at 80 all fabs to dri
Slide 3: Strong cash generation despite pandemic
Strong cash generation despite pandemic in m$ Net cash1 90 › Main elements of cost-saving 70 program: Auto crisis Pandemic › CAPEX freeze 50 › Hiring freeze 30 › Short-time work › Fab shutdowns 10 › Tools in idle mode -10 › Sale of non-used assets › Global cost monitoring -30 -50 › Healthy cash leve
Slide 4: FX volatility no longer an issue
FX volatility no longer an issue Revenue by currency Costs by currency (full year 2020) › Euro share of sales in Q1 2021 was at 33% – coming from a low of 11% in Q4 2016 700 JPY SGD 600 MYR 2% 1% 8% 500 400 in $m USD 300 75% 49% 81% 68% 200 84% EUR 79% 87% 40% 100 32% 25% 16% 19% 21% 13% 0 2015 2016
Slide 5: How we expect our business to evolve
How we expect our business to evolve Today’s business mix Business mix in five years Q1 2021 estimated › Grow share of medical business Automotive to >10% of total revenues Automotive Industrial 54% 21% › Grow SiC business to achieve 50-55% 10% market share by 2025 Industrial › Growth driver electri
Slide 6: Profitability set to increase
Profitability set to increase Main drivers for profitability Cost of sales composition (2020) › Top line growth Material expenses Facility costs fixed variable › Increased share of high value-add business Depreciation and amortization with higher ASPs fixed ~2/3 › Turnaround X-FAB France fixed › Fur
Slide 7: Key financial metrics
Key financial metrics Operating expenses Capital expenditures Profitability 12% of annual sales 15% of annual sales EBITDA breakeven USD 110m per quarter* Sales & Maintenance Expansion EBIT breakeven Marketing 7-8% 7-8% R&D USD 135m per quarter* General & Depreciation Admin. USD 19m per quarter on a
Slide 8: Outlook
Outlook Guidance FY 2021 Long-term goal Revenue USD 610m – 630m USD 1bn EBITDA margin 18% – 21% >27 CAPEX USD 50m – 90m ~15% of annual sales X-FAB Investor Day 2021 Company Confidential 8
Slide 9: Thank you.
Thank you. www.xfab.com Company Confidential