Company Presentation. May 2018

Transcription

1 Company Presentation May 2018

2 Infineon at a glance Business Segments Automotive 17% (ATV) 31% 42% 10% Revenue FY 2017 Industrial Power Control (IPC) Power Management & Multimarket (PMM) Chip Card & Security (CCS) Employees Around 37,500 employees worldwide (as of Sept. 2017) Americas 3,850 employees 36 R&D locations 17 manufacturing locations Europe 15,650 employees Asia/Pacific 18,000 employees Financials [EUR m] 3,843 4,320 5,795 6,473 7,063 Market Position Automotive Power Smart card ICs 14.4% 15.5% 15.2% 17.1% 9.8% FY 13 FY 14 FY 15 FY 16 FY 17 Revenue Segment Result Margin # 2 # 1 Strategy Analytics, April 2018 IHS Markit*, Technology Group, August 2017 # 1 IHS Markit*, Technology Group, July

3 A world leader in semiconductor solutions Our vision We are the link between the real and the digital world. Our values We commit We partner We innovate We perform Our mission We make life easier, safer and greener. Part of your life. Part of tomorrow. 3

4 Business growth in the semiconductor market is driven by four key trends Energy efficiency Mobility Security IoT & big data 4

5 Infineon enables eco-friendly, connected and safe mobility Courtesy: AUDI Applications Efficient powertrain for combustion, electric and hybrid vehicles, charging station for electric vehicles, car safety, assistance systems and safety systems, comfort electronics, authentication, mobile security, traction 5

6 Infineon enables efficient generation, transmission and conversion of electrical energy Courtesy: AUDI Applications Energy distribution and conversion, renewable energy generation, home appliances, power tools, power management (adapters, chargers, power supplies), LED lighting systems, mobile devices, industrial drives, industrial vehicles, industrial robots 6

7 Infineon enables security in the connected world Courtesy: AUDI Applications Internet of Things, Industry 4.0, mobile security, embedded security, trusted computing, machine to machine, (mobile) payment, SIM applications, transport ticketing, government identification 7

8 Top positions in all major product categories Automotive semiconductors total market in 2017: $34.5bn Power discretes and modules total market in 2016: $15.9bn Microcontroller-based Smart Card ICs total market in 2016: $2.79bn NXP Infineon 12.5% 10.8% Infineon ON Semi 9.2% 18.5% Infineon 24.8% Renesas TI 10.0% 8.0% STMicro Mitsubishi 5.3% 4.9% NXP 24.2% STMicro Bosch 7.1% 5.5% Toshiba Vishay 4.7% 4.6% Samsung 16.2% ON Semi Rohm 4.8% 2.7% Fuji Renesas 4.2% 4.1% STMicro 10.5% Toshiba ADI 2.7% 2.6% Rohm Semikron 2.6% 2.6% CEC Huada 9.3% Source: Strategy Analytics, 2017 Automotive Semiconductor Vendor Share, April 2018 Source: Based on or includes content supplied by IHS Markit, Technology Group, Power Semiconductor Annual Market Share Report, August 2017 Source: Based on or includes content supplied by IHS Markit, Technology Group, Smart Cards Semiconductors Report, July

9 Our strategy is targeted at value creation through sustainable profitable growth Focus Technology leadership System understanding Focus on fastest growing segments of semi market Tackle global megatrends Leverage core competencies in different end markets to maximize ROI Create value for customers through system understanding Auto Power RF Security System leader in automotive #1; system and technology leader Broad RF and sensor technology portfolio Leader in security solutions ~8% p.a. Revenue growth Average-cycle financial targets ~17% Segment result margin ~13% Investment-to-sales (thereof capex*: ~11%) * Infineon reports under IFRS 9

10 The outlook for the global semiconductor market remains positive Global semiconductor market in billion $ Market size (revenue) Forecast revenue range Source: WSTS for historical data. Forecast: of WSTS, IHS Markit Technology Group, Gartner, IC Insights; last update April 20,

11 Infineon benefits from industrial and auto, the by far fastest growing segments CAGR ** by Semiconductor Industry Segment Automotive Industrial 7.1% 7.7% $38bn * $49bn * Consumer 4.2% $40bn * Total Semi Market Data Processing 2.7% 3.2% $429bn * $148bn * Chip Card ICs*** 2.5% $3.3bn * Communications 0.8% $154bn * * Market size in calendar year 2017 ** Source: Based on or includes content supplied by IHS Markit, Technology Group, Worldwide Semiconductor Shipment Forecast, March 2018 *** Source: ABI Research, Secure Smart Card & Embedded Security IC Technologies, February 2018; microcontroller ICs 11

12 Financial Year 2017: Revenue Split by Segment FY 2017 Revenue: 7,063 m Automotive 2,989m 1,206m Industrial Power Control 42% 17% Chip Card & Security 10% 31% Power Management & Multimarket 708m OOS+C&E * 12m 2,148m * Other Operating Segments; Corporate & Eliminations 12

13 Infineon Group Results for FY 2016 and FY 2017 Revenues +9% 7,063 6,473 Net Income [ Million] Revenues 6,473 7,063 Segment Result (SR) 982 1, SR Margin 15.2% 17.1% FY16 FY17 FY16 FY17 Net Income Free Cash Flow Investments 826 1,022 Net Cash *share price as of September 30th, 2016: Euro; share price as of September 30th, 2017: Euro Market capitalization* ~ ~

14 Infineon Group Results for Q1 FY18 and Q2 FY18 Revenues +3% 1,775 1,836 Net Income [ Million] Q1 18 Q2 18 Revenues 1,775 1, Segment Result (SR) SR Margin 15.9% 17.1% Q1 FY18 Q2 FY18 Net Income Free Cash Flow (135) 334 Gross Cash Position 2,312 2,438 Net Cash Position

15 Infineon Group Results for Q2 FY17 and Q2 FY18 Revenues +4% 1,767 1,836 Net Income [ Million] Q2 17 Q2 18 Revenues 1,767 1, Segment Result (SR) SR Margin 16.8% 17.1% Q2 FY17 Q2 FY18 Net Income Free Cash Flow Gross Cash Position 2,049 2,438 Net Cash Position

16 Revenue by Segment Q2 FY2018 ATV IPC PMM CCS [EUR m] [EUR m] [EUR m] [EUR m] % +4% +4% % % 16% 15% 13% 14% 15% 17% 18% 16% 20% 18% 23% 22% 20% 20% Q2 FY17 Q3 Q4 Q1 FY18 Q2 Q2 FY17 Q3 Q4 Q1 FY18 Q2 Q2 FY17 Q3 Q4 Q1 FY18 Q2 17% 18% 18% 15% 17% Q2 FY17 Q3 Q4 Q1 FY18 Q2 Revenue Segment Result Segment Result Margin in % 16

17 Revenue split by regions FY 2016 and FY % 13% 33% 12% therein: 10% 10% USA Americas therein: Germany 15% 49% 32% 15% therein: 24% China 25% Asia / Pacific 6% 7% Japan Europe, Middle East, Africa (EMEA) FY FY 2017 Copyright Infineon Technologies AG All rights reserved. 17

18 Tight customer relationships are based on system know-how and app understanding ATV IPC PMM CCS EMS partners Distribution partners 18

19 Automotive Segment Making cars clean, safe and smart Clean Safe Smart Clean combustion engines Efficient energy management Electrified drivetrain Occupant and pedestrian protection Collision avoidance Advanced driver assistance Individual convenience Secure connectivity, data integrity and privacy 19

20 Industrial Power Control Segment Driving industry and much more Drives Home Appliances Renewables Traction General purpose drives Medium voltage drives Servo drives Elevators Refrigerators Air conditioners Washing machines Wind power plants Solar power plants High-voltage direct current transmission (HVDC) High speed trains Locomotives Subway Light rails 20

21 Power Management & Multimarket Segment Achieving more, consuming less Power Management Radio Frequency & Sensing High Reliability Computing Lighting Charger Mobile devices Cellular infrastructure Sensing mmw/ Radar Space Aviation/ Defense Medical ICD Hi-Temp. /Heavy Industry MOSFETs, Power ICs, RF switches, LNAs, Si-Mics, RF Infrastructure, Radar ICs, Environmental Sensors 21

22 Chip Card & Security Delivering security for the connected world Smart Cards Embedded Security Smart card payment Electronic passports and ID documents SIM cards for mobile communication Transport ticketing Mobile device security and payment Information and communications technology (ICT) security Industrial and automotive security IoT connected device security 22

23 Product range Automotive (ATV) 32-bit automotive microcontrollers for powertrain, safety and driver assistance systems Discrete power semiconductors Magnetic and pressure sensors IGBT modules Power ICs Radar sensor ICs (77 GHz) Transceiver (CAN, LIN, Flex Ray )* Voltage regulators Industrial Power Control (IPC) Bare die business Discrete IGBTs Driver ICs IGBT modules (highpower, medium-power, low-power) IGBT module solutions incl. IGBT stacks Silicon carbide modules Power Management & Multimarket (PMM) Control ICs Customized chips (ASICs) Discrete low-voltage and high-voltage power transistors GPS low-noise amplifier Low-voltage and highvoltage driver ICs MEMS and ASICs for silicon microphones Pressure sensors Radar sensor ICs (24 GHz, 60 GHz) RF antenna switches RF power transistors TVS (transient voltage suppressor) diode Chip Card & Security (CCS) Contact-based security controllers Contactless security controllers Dual-interface security controllers (contact-based and contactless) Embedded security controllers *FlexRay is a trademark licensed by FlexRay Consortium GbR Status: 30 September

24 Our global R&D network Leominster Duisburg Warwick Tewksbury Reigate Herlev Warstein Nimwegen Bristol Dresden Regensburg Augsburg Linz Karlsruhe El Segundo Xi an Graz Beijing Bucharest Villach Seoul Shanghai San José Morgan Hill Pavia Torrance Le Puy Sainte Réparade Neubiberg (Munich) Padua Manila Bangalore Singapore Chandler Melaka Mesa Ipoh Status: 30 April Copyright Infineon Technologies AG All rights reserved. 24

25 Worldwide manufacturing sites frontend and backend San Jose Leominster Warstein Dresden Kulim Beijing Wuxi Cheonan Mesa Temecula Frontend Singapore Tijuana Regensburg Villach Cegléd Backend Melaka Batam Status: 30 April 2018 Copyright Infineon Technologies AG All rights reserved. 25

26 Our global sales network Lebanon Rotterdam Stockholm Livonia Bristol Espoo Xi'an Milpitas Reigate Moscow Shanghai Kokomo Dublin Warsaw Hong Kong São Paulo Paris Duisburg Shenzhen Leominster Madrid Hanover Taipei El Segundo Barcelona Erlangen Bangalore Hayward Frankfurt Neubiberg (Munich) Seoul Morrisville Stuttgart Karlsruhe Tokyo Warstein Villach Nagoya Toulouse Vienna Osaka Milan Zurich Status: 30 September Singapore Istanbul Copyright Infineon Technologies AG All rights reserved. Beijing Blackburn (Melbourne) 26

27 Corporate Social Responsibility (CSR) CSR comprises our voluntary commitment in: Human Resources Management and Human Rights, Environmental Sustainability, Occupational Safety and Health, Corporate Citizenship*, CSR Supply Chain Management as well as Business Ethics. Infineon entered the UN Global Compact as one of the first semiconductor companies already in 2004 and is voluntarily committed to the 10 Principles. Infineon is for the 8th time listed in the Sustainability Yearbook. Infineon is continuously listed in the Dow Jones Sustainability Index since 2010 and for the third time in the Dow Jones Sustainability World Index in 2017 and thus is among the top 10% of the most sustainable companies in the world. Infineon does not compromise in human rights and business ethics. Infineon's products and solutions as well as our efficient resources management enable a significant net ecological benefit. *social engagement of companies. 27

28 Corporate Social Responsibility We are excellent in resources efficiency At Infineon, less is more -47% -28% -53% About 47% less electricity consumed per square centimeter manufactured wafer than the global average About 28% less water consumed per square centimeter manufactured wafer than the global average About 53% less waste generated per square centimeter manufactured wafer than the global average We use resources much more efficient in our production processes than the global average of the semiconductor industry. Basis for the calculations are the square centimeters processed wafer area in the front-end production and consumptions according to WSC definition. 28

29 Business Continuity Integrated management Real Estate & Facility Management Loss & Fraud Investigations Environmental Affairs, Sustainability & Energy Management Business & Operations Support Asset Protection Business Continuity ISO * ISO ** ISO * OHSAS * Security & Crisis Management Corporate Social Responsibility Information/ IT Security & Data Protection Business Continuity Planning Export Compliance *ISO 27001/14001/OHSAS worldwide certification scheme; ** ISO certified at EU sites 29

30 Let's get connected CUSTOMERS PRESS INVESTORS CAREERS

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32 Disclaimer Specific Disclaimer for IHS Markit reports, data and information referenced in this document: The IHS Markit reports, data and information referenced herein (the "IHS Markit Materials") are the copyrighted property of IHS Markit Ltd. and its subsidiaries ( IHS Markit ) and represent data, research, opinions or viewpoints published by IHS Markit, and are not representations of fact. The IHS Markit Materials speak as of the original publication date thereof and not as of the date of this document. The information and opinions expressed in the IHS Markit Materials are subject to change without notice and neither IHS Markit nor, as a consequence, Infineon have any duty or responsibility to update the IHS Markit Materials or this publication. Moreover, while the IHS Markit Materials reproduced herein are from sources considered reliable, the accuracy and completeness thereof are not warranted, nor are the opinions and analyses which are based upon it. IHS Markit and the trademarks used in the data, if any, are trademarks of IHS Markit. Other trademarks appearing in the IHS Markit Materials are the property of IHS Markit or their respective owners. 32