2006 Financial Year Roadshow

Transcription

1 2006 Financial Year Roadshow Infineon Page 1 November 17, 2006 Morgan Stanley TMT Conference Barcelona Ulrich Pelzer Corporate VP Investor Relations

2 Disclaimer Please note that while you are reviewing this information, this presentation was created as of the date listed, and reflected management views as of that date. This presentation contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to the Risk Factors noted in the Company's Earnings Releases and the Company's filings with the Securities and Exchange Commission. Page 2

3 Financials and Outlook Infineon: Competencies & Drivers Communication Solutions Automotive, Industrial & Multimarket Appendix (Key Financials, Ratios, Financial Calendar) Page 3

4 Q4 FY 06 Results: Revenues of EUR 2.29 bn and EBIT of EUR 30 m [EUR m] Infineon total [EUR m] COM 1,816 1,606 12% 211-7% ,606-15% ,731-2% -43 1,674-7% ,993 1% 28 1,972 2% 49 2,290 1% % -19 Q % -142 Q2-28% -88 Q3-14% -46 Q4-6% -21 Q1-9% -29 Q2-23% -61 Q3-40% -120 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 [EUR m] AIM [EUR m] Qimonda 1, Page 4 8% 48 Q1 6% 36 Q2 4% 24 Q3 4% 27 Q4 8% 51 Q1 10% 73 Q2 8% 57 Q3 9% 64 Q4 26% 196 Q1 3% 17 Q2-19% -125 Q3 4% 34 Q4-17% -118 Q1 3% 30 Q2 10% 100 Q3 17% 204 Q4

5 Capital Intensity and Financing of IFX Logic 800 Page 5 Outlook for CapEx and D&A [EUR m] [EUR m] Financial structure Logicbusiness for the past quarters CapEx D&A Q2 FY 06 Q3 FY 06 Q4 FY 06 Gross Cash Gross Debt Net Debt

6 Business Groups' Q1 FY07 Outlook Revenues and EBIT, excluding Qimonda and before charges, to decrease, driven mainly by the impact of the insolvency of BenQ Mobile s German subsidiary on COM. COM AIM! COM revenues and EBIT are expected to decline significantly qoq, mainly due to loss of business as a result of the insolvency of the German subsidiary of BenQ Mobile.! Revenues flat or down slightly from high Q4 level; EBIT to decrease qoq driven by seasonality and temporary effects.! Revenues and EBIT in auto to decrease slightly qoq given seasonality and volume reductions at U.S. car manufacturers.! Industrial revenue to grow slightly; EBIT to decline given lack of scale economies in Kulim fab.! ASIC and chipcard seasonally weak. Page 6 C & E! Anticipated EBIT improvement before restructuring charges qoq.! Potential charges of approximately Euro 30 million expected, resulting from planned restructuring in baseband.

7 Financials and Outlook Infineon: Competencies & Drivers Communication Solutions Automotive, Industrial & Multimarket Appendix (Key Financials, Ratios, Financial Calendar) Page 7

8 Key Growth Drivers / Focus Areas Energy Efficiency (fuel / electricity)! Improve fuel efficiency in cars! Efficient power generation, transport, consumption! Higher efficiency in electrical drives Mobility & Connectivity! Mobile phones! Broadband access! Wireless connectivity Security & Safety Page 8! Protection and privacy of personal and company data! Secure e-commerce and identification! Automotive safety

9 COM Growth Drivers 1500 Mobile Phone Units by air-interface Mobility Units (m) Others GSM/GPRS EDGE WCDMA / EDGE HSDPA / WCDMA / EDGE Source: Gartner 2006 Connectivity Units (m) Customer Premises Equipment Page 9 Source: Infonetics Research 2006

10 AIM Growth Drivers Different governmental requirements: Energy Efficiency Europe: Euro 5 norm coming 2009 USA: Energy Star, July 2007, will require PC s to be 65% more power efficient than current models. Japan: already highest regulatory standards Page 10 Security & Safety Units (m) % Government, Health 1) Source: 1) EuroSmart ) Frost&Sullivan % +50% Financial Services, Retail, Loyalty 1) Contactless Technologies 2)

11 Financials and Outlook Infineon: Competencies & Drivers Communication Solutions Automotive, Industrial & Multimarket Appendix (Key Financials, Ratios, Financial Calendar) Page 11

12 Broadband Access Design-Win Momentum Continues VDSL2 VINAX ADSL2+ Geminax-MAX ADSL & VoIP Amazon, Danube VoIP Vinetic! Design-Win at major Korean customers! Top European customer! Design-Win at two customers based in APAC! Major European customer! 4 Design-Wins for ADSL & VoIP! 2 of the top 5 world wide ADSL-CPE Manufacturer! Design-Wins at two Japanese customers! Major global customer Page 12 SHDSL.bis Socrates-4e! Leading Chinese DSLAM customer! Major global customer, based in EU

13 RF Transceiver: CMOS Leadership Turns Into Design-Wins 2 / 2.5 G GSM / GPRS SMARTi SD SMARTi SD G EDGE SMARTi PM SMARTi PM2 3 G WCDMA SMARTi 3G SMARTi 3GE Technology: 130nm CMOS 130nm CMOS 130nm CMOS Customer Samsung Air Interface EDGE Nr.1 worldwide in RF-Transceivers " Customer Customer Customer EDGE WCDMA WCDMA / EDGE World s first EDGE CMOS RF-Transceiver in volume " Page 13 LG (on platform) Panasonic (on platform) Selection of major design-wins EDGE WCDMA / EDGE World s first WCDMA CMOS RF-Transceiver in volume "

14 RF/Baseband Integration, HSDPA and More 2G / 2.5G GSM / GPRS 2.75G EDGE 3G UMTS 3.5G HSDPA Platform ULC1 ULC2 MP-E MP-EU MP-EH Baseband RF Transceiver Power Management E-GOLDradio E-Powerlite E-GOLDvoice (incl. SRAM) S-GOLDradio S-GOLD2 SMARTi PM SM-Power S-GOLD2 + co-processor SMARTi PM/3G SM-Power1.6 S-GOLD3H SMARTi 3GE SM-Power3 Protocol Stack " " " " " Page 14 Ramp up integrated in one chip " 1H CY07 " " CY 2007+

15 Financials and Outlook Infineon: Competencies & Drivers Communication Solutions Automotive, Industrial & Multimarket Appendix (Key Financials, Ratios, Financial Calendar) Page 15

16 Worldwide Automotive Semiconductor Market Continues to Grow; Safety is the Fastest Growing Segment Page 16 Market in USD bn % CAGR Source: Strategy Analytics 9/ CAGR Body 7.6% Safety! ABS 11.4%! airbag! tire pressure sensor Powertrain 4.5%! air-conditioning! window lifter! dashboard! light & illumination! engine management! transmission! vehicle network

17 Worldwide Power Semiconductor Market Growth Forecast 15 Market in USD bn +7% CAGR 10 5 Page Source:IMS 9/2006

18 Infineon s Track Record in Automotive and Power Semiconductor Market Shares Worldwide Automotive Semiconductor Worldwide Power Semiconductor 12.9% 12.9% 11.4% 9.3% 9,4% 6.4% 8.4% 8.7% 7.6% 7.9% 6.8% 7.0% 7.1% 6.5% 7,4% 6,5% 6,2% 7,0% 6,9% 6,7% 8,0% 7,8% 7,6% 7,6% 7,1% 7,2% 8,4% 8,1% 4.8% 5.3% Page 18 Bosch Renesas STM Infineon Freescale Toshiba STM IR Fairchild Infineon Source: Strategy Analytics 2006 Source: IMS 2006

19 Never stop thinking. Page 19