Infineon Technologies Ag · XETR:IFX
Infineon Technologies — Q1 FY2025 Earnings Presentation
16 slides from Infineon Technologies's earnings presentation, Feb 4, 2025
Slide 1: First Quarter FY 2025 Analyst Call
First Quarter FY 2025 Analyst Call Infineon Technologies AG Investor Relations 1
Slide 2: Group financial performance
Group financial performance Revenues and Segment Result USD exchange rate [EUR m] Average revenue exchange rate Segment Result Revenues Segment Result Margin -8% Q1 Q4 Q1 -13% FY24 FY24 FY25 ø USD/EUR 1.08 1.10 1.07 3,919 3,702 3,632 3,702 3,424 Order backlog1 [EUR bn] 24 24 22 20 19 22.4% 19.5% 19.
Slide 3: Automotive (ATV)
Automotive (ATV) Revenues Segment Result [EUR m] [EUR m] Segment Result Segment Result Margin Revenues -8% -11% 2,085 2,078 2,112 2,149 1,919 564 512 537 551 363 27.1% 24.6% 25.4% 25.6% 18.9% ‒ Revenue decrease due to significant inventory adjustment by customers, compounding seasonal effects. Sales
Slide 4: Green Industrial Power (GIP)
Green Industrial Power (GIP) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -30% -32% 487 475 503 469 130 111 340 89 88 26.7% 34 19.0% 18.5% 22.1% 10.0% ‒ A weak market environment, coupled with ongoing inventory correction, exacerbated the usual seasonal reven
Slide 5: Power & Sensor Systems (PSS)
Power & Sensor Systems (PSS) Revenues Segment Result [EUR m] [EUR m] Revenues Segment Result Segment Result Margin +7% -5% 861 820 765 713 749 149 99 105 64 70 18.2% 12.9% 9.3% 12.2% 9.0% ‒ Revenue decline as the consumer and smartphone businesses experienced usual seasonality. AI server power solut
Slide 6: Connected Secure Systems (CSS)
Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -5% -15% 406 364 371 366 344 62 37 42 42 30 15.3% 10.2% 11.3% 11.5% 8.7% ‒ All application areas declined sequentially due to ongoing weakness in consumer and IoT markets. ‒ The margi
Slide 7: Gross margin and Opex
Gross margin and Opex Gross profit 1 R&D 1 SG&A [EUR m] [EUR m] [EUR m] 1,643 1,621 1,534 1,446 1,343 556 530 553 544 522 395 375 390 393 395 44.4% 41.4% 41.4 % 39.8% 39.2 % 15.0% 14.6% 14.9% 13.3% 15.9% 10.7% 10.3% 10.5% 10.0% 11.5% Gross margin as reported Gross profit as reported* R&D expenses as
Slide 8: Investments, Depreciation & Amortization and Free Cash Flow
Investments, Depreciation & Amortization and Free Cash Flow Investments Depreciation & Amortization Free Cash Flow [EUR m] [EUR m] [EUR m] 1,145 722 731 700 393 653 643 487 456 467 470 473 82 -1,597 -237 2025-02-04 Copyright © Infineon Technologies AG 2025. All rights reserved. 8
Slide 9: Working capital, in particular trade working capital components
Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days2] 3,503 3,477 3,464 4,330 4,404 4,429 3,990 4,385 2,901 2,946 189 181 184 190 156 Trade receivables Trade payables [EUR m] [days] [EUR m] [days2] 2,142 2,250 2,059 2,160 2,003 2,105 2,0
Slide 10: Development of liquidity and debt
Development of liquidity and debt Capital structure [EUR m] Gross Cash Gross Debt Net Cash/Debt 2,712 2,583 2,345 2,201 1,957 -5,398 -2,686 -4,811 -2,610 -5,386 -3,041 -4,943 -2,986 -5,941 -3,358 2025-02-04 Copyright © Infineon Technologies AG 2025. All rights reserved. 10
Slide 11: Outlook for Q2 FY25 and FY25
Outlook for Q2 FY25 and FY25 Outlook Outlook Q2 FY251 FY251 Revenue ~€3.6bn flat to slightly up vs. prior year Adj. Gross Margin ~40% Segment Result Margin mid-teens % mid-to-high-teens % FCF/adj. FCF ~€900m/~€1.7bn Investments ~€2.5bn D&A ~€2.0bn2 1 Based on an assumed average exchange rate of $1.0
Slide 12: Key points
Key points Revenue and SRM slightly ahead of expectations Q1 FY25 – €3.4bn revenue, 16.7% Segment Result Margin Our assumptions for FY25 prove to be correct ‒ End markets have bottomed, inventory correction is progressing ‒ Positive exceptions include AI power and xEV in China ‒ End of de-stocking a
Slide 13: Questions & Answers
Questions & Answers 2025-02-04 Copyright © Infineon Technologies AG 2025. All rights reserved. 13
Slide 14: Cinfineon
Cinfineon
Slide 15: Disclaimer
Disclaimer Disclaimer This presentation contains forward-looking statements and/or assessments about the business, financial condition performance and strategy of the Infineon Group. These statements and/or assessments are based on assumptions and management expectation resting upon currently availa
Slide 16: Notes
Notes Order backlog = The total amount of orders received regardless of their current status Working Capital = ('Total current assets' – 'Cash and cash equivalents' – 'Financial investment' – 'Assets classified as held for sale') – ('Total current liabilities' – 'Short term debt and current maturiti
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