Melexis Nv · EURONEXT:MELE
Melexis Nv — Melexis Nv Ieper — Q4 2024 Earnings Presentation
29 slides from Melexis Nv's earnings presentation, Feb 5, 2025
Slide 1: Q4 2024 Results
Q4 2024 Results Melexis”
Slide 2: What do we do?
What do we do? Melexis engineers microelectronic solutions. Our technology makes cars and other products smarter, safer and greener. Our sensors capture data from the analog world and comprehend these data digitally. Our drivers make sure customers can bring their products to life. The content of th
Slide 3: Process flow
Process flow CHIP AND PACKAGE DESIGN WAFER PROBE FINAL TEST 1 3 5 2 4 WAFER FAB ASSEMBLY The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 4: Markets
ALTERNATIVE Markets MOBILITY ROBOTICS DIGITAL HEALTH SUSTAINABLE AUTOMOTIVE WORLD The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 5: Growth trajectory
Growth trajectory Melexis target 2024-2030 ￭ EV powertrain AUTOMOTIVE SALES* ￭ EV thermal management ≥10 % CAGR ￭ ￭ ￭ EV battery E-braking & E-steering Lighting ￭ Alternative mobility BEYOND AUTOMOTIVE SALES ￭ Sustainable world ≥15 % CAGR ￭ ￭ Robotics Digital health *ASSUMPTION: 0% GROWTH FOR THE GL
Slide 6: Locations
3 continents Sales & Applications Belgium – Ieper, Tessenderlo Taipei Manufacturing Belgium – Ieper Greater China – Shanghai, Shenzhen, Bulgaria – Sofia France – Corbeil-Essonnes Research & Development Belgium – Ieper, Tessenderlo Bulgaria – Sofia France – Sophia Antipolis, Paris 20 locations France
Slide 7: Melexis climate impact
Melexis climate impact CARBON TARGET CARBON FOOTPRINT 2023* SUSTAINABLE PORTFOLIO (% sales) 416,016 40 % ton CO 2e Scope 1 & 2 emissions per 90% Purchased goods and services 42% 17% sold chip by 3% Capital goods Planet People 4% Energy 2030 vs. 2021 3% Other *Partial Scope 3 - Downstream data on 19%
Slide 8: Major automotive trends
Major automotive trends Electrification Premiumization ADAS ● EV powertrain ● Interior and exterior ● E-braking and ● Thermal management lighting E- steering ● Battery ● Motors (seat, window, ● Dynamic lighting HVAC, grille shutter) ● Time-of flight ● TPMS Melexis has a well diversified portfolio, limi
Slide 9: Serviceable addressable market (in EUR)
Serviceable addressable market (in EUR) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 10: Serviceable addressable market (in EUR)
Serviceable addressable market (in EUR) The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 11: EV Powertrain to ICs
EV POWERTRAIN 5 to 22 ICs Efficiency matters In electric vehicles, the inverter converts DC power from the battery to AC power for the motor drive, which in turn transforms it into propulsion power. The efficiency of this system has a direct impact on the all-electric range, road performance and comfo
Slide 12: EV Thermal Management to ICs
EV THERMAL MANAGEMENT 10 to 21 ICs Optimizing energy consumption In order to optimize energy while increasing the All Electric Range, a perfect thermal management system is key. Ideal performance of the battery requires a temperature between 20-40℃. Without the free heat of a classical ICE, the ener
Slide 13: EV Battery to ICs
EV BATTERY 4 to 18 ICs Extending battery range, life and safety The high voltage battery stores electrical energy which powers the electric motor. It determines the range the vehicle can travel on a single charge. Its optimization is a game changer. Battery management systems ensure the safety and t
Slide 14: E-Braking & E-Steering to ICs
E-BRAKING & E-STEERING 8 to 13 ICs Higher safety level for (autonomous) cars In the world of automotive innovation, sensor ICs act as the silent heroes, enabling precise control, responsiveness, reliability and safety. These technical marvels drive us on the journey from pumps & vacuum (mechanical)
Slide 15: Interior & Exterior Lighting to ICs
INTERIOR & EXTERIOR LIGHTING 10 to 150 ICs Functionality, personalization and premiumization Lighting is upgrading the interior and exterior of our cars. It brings comfort, safety and functionality. Lighting is the new differentiator for OEMs as well as for brand recognition. ￭ Interior ambient ligh
Slide 16: Innovative sensing for Robotics & Alternative mobility
Innovative sensing for Robotics & Alternative mobility Markets: Accurate Position 3D Force Compact Torque Arcminaxis™ Tactaxis™ Elaxis™ Cobots Robot Industrial to build Grippers Stationary Service Autonomous Robotics Exoskeleton E-bike Torque sensor The content of this presentation is CONFIDENTIAL &
Slide 17: Melexis is at the forefront of innovation
Melexis is at the forefront of innovation The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 18: Evolution Financials 2001-2024
Evolution Financials 2001-2024 Q4 2024: 197.4 mln EUR Turnover FY 2024: 932.8 mln EUR Gross result Q4 2024: 77.6 mln EUR (39.3%) FY 2024: 401.4 mln EUR (43.0%) Operating result Q4 2024: 27.6 mln EUR (14.0%) FY 2024: 219.9 mln EUR (23.6%) The content of this presentation is CONFIDENTIAL & PROPRIETARY
Slide 19: Q4 2024 results at a glance
Q4 2024 results at a glance Sales Gross margin Operating result 39.3% 14.0% 197.4 mln EUR 77.6 mln EUR 27.6 mln EUR -21% Y-o-Y -31% Y-o-Y -55% Y-o-Y Net result Operating cash flow Net debt 0.45 EPS (before working capital changes) 18.3 mln EUR 38.9 mln EUR 189.5 mln EUR -63% Y-o-Y -43% Y-o-Y Outlook
Slide 20: Profit & loss Q4 2024
Profit & loss Q4 2024 versus Q4 2023 versus Q3 2024 P&L account Q4 2024 % of Sales Q4 2023 % of Sales Q3 2024 % of Sales (in million EUR) Sales 197.4 100.0% 250.5 100.0% 247.9 100.0% Cost of goods sold -119.8 -60.7% -138.8 -55.4% -139.6 -56.3% Gross margin 77.6 39.3% 111.7 44.6% 108.2 43.7% R&D -30.2
Slide 21: FY 2024 results at a glance
FY 2024 results at a glance Sales Gross margin Operating result 43.0% 23.6% 932.8 mln EUR 401.4 mln EUR 219.9 mln EUR -3% Y-o-Y -9% Y-o-Y -16% Y-o-Y Net result Operating cash flow Net debt 4.24 EPS (before working capital changes) 171.4 mln EUR 267.0 mln EUR 189.5 mln EUR -18% Y-o-Y -12% Y-o-Y Outloo
Slide 22: Profit & loss FY 2024
Profit & loss FY 2024 versus FY 2023 P&L account FY 2024 % of Sales FY 2023 % of Sales (in million EUR) Sales 932.8 100.0% 964.3 100.0% Cost of goods sold -531.5 -57.0% -524.1 -54.3% Gross margin 401.4 43.0% 440.2 45.7% R&D -110.3 -11.8% -106.7 -11.1% G&A -51.4 -5.5% -50.6 -5.2% Selling -19.8 -2.1% -
Slide 23: Balance Sheet
Balance Sheet Q4 2024 versus Q4 2023 versus Q3 2024 Balance Sheet Q4 2024 Q4 2023 Q3 2024 (in million EUR) Total assets 894.3 866.1 897.1 Current assets Cash 32.7 39.3 34.5 Inventory 262.8 254.3 252.4 A/R Trade 102.2 120.2 129.8 Non-current assets 421.7 416.0 422.6 Shareholders' equity 567.5 551.1 6
Slide 24: Q4 2024 cash flow
Q4 2024 cash flow Mln. EUR Free cash flow of 35 mln EUR 53 mln EUR dividend paid The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 25: FY 2024 cash flow
FY 2024 cash flow Mln. EUR Free cash flow of 125 mln EUR 149 mln EUR dividend paid in 2024 The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 26: Dividend yield
Gross dividend per share (EUR) Dividend yield 2008 0.60 Based on average share price 2009 0.00 2010 0.30 2011 0.60 2012 0.65 2013 0.70 2014 1.00 2015 1.90 2016 2.00 2017 2.10 2018 2.20 2019 1.30 2020 2.20 2021 2.60 2022 3.50 2023 3.70 (*) 2024 3.70 (*) final dividend payable as from May 22, 2025 The
Slide 27: Shareholder structure and shareholder return
Shareholder structure and shareholder return The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
Slide 28: Industry first
2011 2014 2020 Multi-channel INDUSTRY FIRST • Fully integrated passive entry 2017 RGB-LED driver enabling high-speed automotive qualified NFC light animations (MeLiBu®) 2023 1996 2005 • 3D camera sensor • WPC & NFC automotive solution • Time-of-flight chipset • Programmable 2- • Dual die L&S sensor 20
Slide 29: Melexis Investor Relations
Melexis Investor Relations Karen van Griensven Philip Ludwig CFO Investor Relations investor@melexis.com The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.