Elmos Semiconductor Se · XETR:ELG
Elmos Semiconductor — Investor Presentation (April 2023)
15 slides from Elmos Semiconductor's investor presentation, April 2023
Slide 1: Investor Presentation
Investor Presentation April 2023
Slide 2: Elmos Corporate Overview
ELMOS CORPORATE OVERVIEW Corporate highlights Sales breakdown FY 2022 Financial highlights FY 2022 Elmos ICs 447 million Euro sales Non-automotive ~7 on average in every new car produced 12% significant growth to new record highs Automotive focused: Sales by industry product segments: Automotive per
Slide 3: Elmos Innovative Solutions for Global Mega Trends
ELMOS INNOVATIVE SOLUTIONS FOR GLOBAL MEGA TRENDS Leading innovator in future mobility #1 FOR ULTRASONIC ICs #1 FOR HVAC FLAPS #1 FOR GESTURE CONTROL #1 FOR AMBIENT LIGHT #1 FOR REAR LIGHT USER EXPERIENCE ADAS & AUTONOMOUS DRIVING SAFETY COMFORT ELECTRIFICATION LIGHTING 3
Slide 4: Highlights of Fiscal Year 2022
HIGHLIGHTS OF FISCAL YEAR 2022 New records in FY 2022, which was characterized by an ongoing high demand for automotive semiconductors and economic and geopolitical uncertainties Geopolitical environment Semiconductor market Strategic highlights Sale of wafer fab The war in Ukraine, economic Continu
Slide 5: Sales on a New Record Level
SALES ON A NEW RECORD LEVEL 1 Yearly sales (in million Euro) & gross margin (in %) Quarterly sales (in million Euro) & gross margin (in %) Gross margin Continuing operations +38.9% Discontinued operations 447.2 +5.0% 125.5 119.6 105.8 322.1 96.4 294.8 50.4% 277.6 21.4 23.7 232.6 45.6% 45.1% 46.4% 46
Slide 6: EBIT Increased Sharply
EBIT INCREASED SHARPLY 1 1 Yearly EBIT (in million Euro) & EBIT margin (in %) Quarterly EBIT (in million Euro) & EBIT margin (in %) +83.6% 110.1 35.7 29.8 25.2 60.0 19.5 28.4% 51.0 24.6% 24.9% 45.3 23.8% 18.6% 20.2% 18.4% 15.4% 8.7 3.7% 2018 20192 2020 2021 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 EBI
Slide 7: CAPEX and R&D Expenses Supporting Future Growth
CAPEX AND R&D EXPENSES SUPPORTING FUTURE GROWTH 1,2 2 CAPEX (in million Euro & in % of sales) R&D expenses (in million Euro & in % of sales) 73.0 55.5 47.7 48.7 60.0 44.6 20.5% 18.6% 36.0 41.4 43.6 16.3% 14.9% 14.8% 15.1% 15.1% 18.8 13.0% 12.4% 8.1% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
Slide 8: Cash Flow Influenced by Strong Growth
CASH FLOW INFLUENCED BY STRONG GROWTH 1 1,2 Operating cash flow (in million Euro) Adjusted free cash flow (in million Euro) Supported by 98.6 SMI sale 76.9 79.6 14.9 48.4 45.6 11.1 27.3 3.6 -3.3 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 The cash flow from operations in FY 2022 increased to
Slide 9: Working Capital and Net Cash/Debt
WORKING CAPITAL AND NET CASH/DEBT 1 Working capital (in million Euro, at the end of the year) Net cash/debt (in million Euro, at the end of the year) Supported by 140.2 SMI sale 119.5 74.3 112.9 107.8 101.3 Influenced by share buyback 40.2 16.9 Influenced by share buyback -10.0 -8.9 2018 2019 2020 2
Slide 10: Market Forecast
MARKET FORECAST Automotive market Semiconductor market 1 Light vehicle production in million units (IHS) Worldwide Market in billion USD 2 Automotive semiconductor market +14% +25% +4% 66.9 76.0 95.2 +6% 53.7 89.0 85.0 77.2 82.0 2021 2022e 2023e 3 Total semiconductor market +4% -4% 2017 2019 2021 20
Slide 11: Guidance
GUIDANCE Elmos FY 2023 guidance (as of February 14, 2023) Guidance for FY 2023 Sales: More than 560 million Euro (min. +25% YoY) EBIT margin: 25% ± 2 percentage points CAPEX (in % of sales): 17% ± 2 percentage points Adjusted free cash flow: level of the previous year (14.9 million Euro) ± 10 millio
Slide 12: Shareholder Structure Set for Long-Term Perspective
SHAREHOLDER STRUCTURE SET FOR LONG-TERM PERSPECTIVE Elmos Semiconductor SE shareholder structure (February 2023) Elmos 5-year share price development Market capitalization (as of Feb. 28, 2023) 22.90% >1.3 billion Euro Close Feb. 28, 2023 90 € 76.90 Euro 40.50% 80 € 70 € 17.04% 60 € 50 € 3.28% 16.29
Slide 13: 5-Year Overview Elmos Group (IFRS)
5-YEAR OVERVIEW ELMOS GROUP (IFRS) 13
Slide 14: Financial Calendar / Research Coverage / IR Contact
FINANCIAL CALENDAR / RESEARCH COVERAGE / IR CONTACT Event Date Elmos Semiconductor SE – basic share data 1 Final results 2022 March 16, 2023 ISIN / WKN: DE0005677108 / 567710 1 Quarterly results Q1 2023 May 4, 2023 Stock symbol: ELG Annual General Meeting May 10, 2023 Code: ELGG.De 1 Quarterly resul
Slide 15: 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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