Elmos Semiconductor SE · XETR:ELG
Elmos Semiconductor — Q2 2023 Earnings Presentation
15 slides from Elmos Semiconductor's earnings presentation, August 2023
Slide 1: Investor Presentation Q2 2023
Investor Presentation Q2 2023 August 2023 (Update: Sale of Dortmund wafer fab - regulatory approvals granted)
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 produced1 1based on FY 2022 12% significant growth to new record highs Automotive focused: Sales by industry product segme
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: Sale of Elmos Wafer Fab to Littelfuse Inc.
SALE OF ELMOS WAFER FAB TO LITTELFUSE INC. The transfer of power semiconductor technology provides a long-term perspective for the Dortmund wafer fab Transaction rationale Transaction summary Buyer: Littelfuse Inc. The Elmos wafer fab in Dortmund mainly Sale and purchase agreement between Elmos and
Slide 5: Highlights of Q2 2023
HIGHLIGHTS OF Q2 2023 Preparing for future growth as demand for automotive ICs is still high despite geopolitical and economic uncertainties Geopolitical environment Semiconductor market Strategic highlights Fiscal year 2023 will continue to be The overall semiconductor market is impacted by The exp
Slide 6: Sales and EBIT
SALES AND EBIT Quarterly sales (in million Euro) & gross margin (in %) Quarterly EBIT (in million Euro) & EBIT margin (in %) +28.6% +35.4% 136.0 130.9 125.5 35.7 119.6 34.1 31.8 105.8 29.8 96.4 50.4% 25.2 48.9% 45.6% 19.5 28.4% 45.1% 45.3% 24.9% 24.3% 25.1% 43.8% 23.8% 20.2% Q1 2022 Q2 2022 Q3 2022
Slide 7: CAPEX and R&D Expenses
CAPEX AND R&D EXPENSES 1 CAPEX (in million Euro & in % of sales) R&D expenses (in million Euro & in % of sales) 42.4 18.6 16.0 15.0 15.4 13.6 11.4 21.0 20.9 31.2% 14.1% 14.2% 13.7% 19.9 12.3% 12.2% 15.2 9.6% 11.1 18.8% 17.6% 16.7% 11.5% 11.6% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q1 2022 Q
Slide 8: Cash Flow
CASH FLOW 1 Operating cash flow (in million Euro) Adjusted free cash flow (in million Euro) 43.9 30.4 21.9 -0.5 17.4 15.4 -6.3 -8.7 8.4 -18.7 -36.7 -1.7 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q2 2023 cash flow from operations totaled 8.4 mil
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 quarter) Net cash/debt (in million Euro, at the end of the quarter) 189.5 19.0 6.8 160.6 140.2 -2.8 122.7 -8.9 95.3 98.8 -27.7 -77.4 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022
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% +5% 67.6 76.9 95.2 89.0 86.7 82.3 77.2 2022 2023e 3 Total semiconductor market -10% 2017 2019 2021 2022 2023e 574.1 515.1 20
Slide 11: Guidance
GUIDANCE Elmos FY 2023 guidance (unchanged vs. June 28, 2023) Guidance for FY 2023 Sales: More than 560 million Euro (min. +25% YoY) EBIT margin: 25% ± 2 percentage points CAPEX (in % of sales): 19% ± 2 percentage points Operating adjusted free cash flow1: Negative Ø exchange rate: 1.05 EUR/USD Note
Slide 12: Shareholder Structure Set for Long-Term Perspective
SHAREHOLDER STRUCTURE SET FOR LONG-TERM PERSPECTIVE Elmos Semiconductor SE shareholder structure (July 2023) Elmos 5-year share price development Market capitalization (as of July 25, 2023) 22.90% ~1.5 billion Euro Close July 25, 2023 100 € 82.40 Euro 40.50% 90 € 80 € 17.04% 70 € 60 € 3.27% 16.29% 5
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 Quarterly results Q2 2023 July 27, 2023 ISIN / WKN: DE0005677108 / 567710 1 Quarterly results Q3 2023 November 8, 2023 Stock symbol: ELG Code: ELGG.De Class: Non-par value bearer shares Segment
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