Investor Presentation • Aug 27, 2008
Investor Presentation
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Dr. Reinhard PlossMember of the Management Board Head of Operations
This presentation was prepared as of July 25, 2008 and is current only as of that date.
This presentation includes forward-looking statements about the future of Infineon's business and the industry in which it operates. These include statements relating to future developments in the world semiconductor market, including Infineon's future growth, the benefits of research and development alliances and activities, Infineon's planned levels of future investment in the expansion and modernization of its production capacity, the introduction of new technology at its facilities, the continuing transitioning of its production processes to smaller structure sizes, cost savings related to such transitioning and other initiatives, Infineon's successful development of technology based on industry standards, Infineon's ability to offer commercially viable products based on its technology, Infineon's ability to achieve its cost savings and growth targets, and any potential disposal of Infineon's interest in Qimonda.
These forward-looking statements are subject to a number of uncertainties, including trends in demand and prices for semiconductors generally and for Infineon's products in particular, the success of Infineon's development efforts, both alone and with partners, the success of Infineon's efforts to introduce new production processes, the actions of competitors, the availability of funds for planned expansion efforts, and the outcome of antitrust investigations and litigation matters, the success of any corporate activities we may undertake with respect to our interest in Qimonda, as well as the other factors mentioned in this presentation and those described in the "Risk Factors" section of the annual report of Infineon on Form 20-F filed with the U.S. Securities and Exchange Commission on December 7th, 2007 or contained in the company's quarterly reports. As a result, Infineon's actual results could differ materially from those contained in these forwardlooking statements. You are cautioned not to place undue reliance on these forward-looking statements.
Infineon does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
| l l d Q 3 0 8 F Y F X t t t t c a c a e o n c o n s a n a e s u r ƒ |
o y y - - |
q o q - - |
|
|---|---|---|---|
| f I i n n e o n |
6 % + |
% 1 + |
|
| d l l k & A i I i M i t t t t t o m o e n s a m a e u v u r u r , |
% 5 + |
% 1 - |
|
| l C i i S i t t o m m n c a o n o o n s u u |
9 % + |
8 % + |
|
| I F X |
b d l d R i i i i i t t t " e v e n u e s o n c r e a s e y m s n g e g p e r c e n a g e q -o -q - , d b l h b h d C O i i A I M M t t t e n s e a s o n a s e n g n o a n r v y r l. d h b l d l E B I T i i i t t t " e c n e g a n s a n c a g e s o e m a n s a e o e c n e x r r r l h l f h d h i S i i i t t t t t t s g y q -o -q g n c a n c a r g e s c o n n e c e o e c o s d 0 d i I F X 1 t t + e o n p o g a m a e e p e e r u c r r r x c |
|---|---|
| C O M |
d b d h R € 3 3 0 € 3 5 0 i t t t " e v e n u e s e x p e c e e w e e n m a n m w l b d b d l h d i i i g o n g e e s s s n e s s a n o a n a n g e a e s s r w w r u r y u c c c b i u s n e s s l l. d h h l d E B I T i i t " o s s e x c n e g a n s a n c a r g e s s o u m p r o v e q -o -q |
| A I M |
b d l d R i i i i i t t t " e e n e s o n c e a s e a m s n g e g p e c e n a g e q -o -q v u r y r - h d d l l k A i I i & M i i t t t t t t " u o m o v e u n c a n g e n u s r a u m a r e o n c r e a s e , S & S C l h l i A I i i t t t q -o -q e c o n c e a s e s g q -o -q ; u r y r y l. d h d b i i E B I T t t t " m a g n e c n e g a n s a n c a g e s e p e c e e e e n r x r x w d 9 % 1 0 % a n |
| O O S , C & E |
O O S d l d C & R i i i i E i t t t " e e n e s n a n e m n a e e e n e s n c o n n e o v u r v u u d l i e c n e q -o -q b d l. d h d b C i E B I T i i i t t t t " o m n e e n e g a n s a n a g e s a n p a e o e x c c r c l € 2 0 i i t t a p p o m a e n e g a e m r x y v |
| 1 | h d f l i i l M t t t t a n a g e e p r o u c p o r o o m o r e a c v e y b h h d l f b l i i i i i i F t t t t t o c s o n s n e s s e s c a e a a c e a n e m n a e n p o a e o u u w r r v u r r f f l f b l d f l f f i i i i i i & i i t t t I R D n s c e n p o a e p o c a m e s n c e a s e e c e n c u y r r u r y |
|---|---|
| 2 | d f i i i f i l R t t t e u c e m a n u a c u r n g c o s s g n c a n y f f f d i i d i i i h l h i R t t t t t t e c o n o m a n a c n g c o s s a n o p m a o n o e a e c a n u u u r z v u h h f b l h i i i I t t t t t n c e a s e o s o c n g s a e a g s a e g r u u r r w r y - |
| 3 | f f i i f i i I t m p o e e c e n c o o g a n a o n r v y r z d k h f l d f O i i i i G & A R & D t t t p m z e p r o c e s s e s a n a s s n e e s o , d k l i & t a n m a r e n g s a e s |
| 4 | i i f R t t t e o r g a n a o n o c o m p a n s r c r e z y u u - h f l l d i i i i i i R t t t e -o g a n e e c o m p a n s s c e n e s m a e s o n s r z y r u u r v r v l k i t t t t a o n g s a g e m a e s r r |
| d l d f B Q 3 F Y 0 8 Q 4 F Y 0 9 i i t e e e n n n n e n g o w a a u a z s a v s , |
(assuming continuation of current market conditions and an exchange rate of U.S. dollar 1.55 against the Euro.)
more than EUR 200m should be realized.
Infineon Technologies
Chipcard & Security
Infineon defines Infineon EBIT as earnings (loss) from continuing operations, before interest and tax.
*) 9month FY08: EBIT includes net gains of EUR 44 million relating primarily to gains on the sale of part of our bipolar business and the HDD business as well as in-process R&D charges from the LSI Mobile Phone Group acquisition.
FY 2006 numbers before reclassification of Qimonda into "assets held for disposal"
Q3 FY08: Reported sales decreased y-o-y affected by weak US dollar as well as HDD and Bipolar business divestiture; sales excl. divestitures and on constant currency basis grew +5% y-o-y.
FY 2006 numbers before reclassification of Qimonda into "assets held for sale"
All pie charts indicate in-house/subcontractor split on average over FY07. Sale of ALTIS not considered.
| T t a g e r k t m a e s r |
/ 2 G G S / M |
2 G 5 G S P R |
2 G 7 5 G E D E |
3 G 5 S H P x |
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|---|---|---|---|---|---|---|---|
| l f P t o a r m |
1 0 1 0 X M M ™ ( ) U L C 2 |
1 1 3 0 X M M ™ |
2 1 3 0 X M M ™ |
2 0 6 0 X M M ™ |
2 0 8 0 X M M ™ |
H S D P A 6 0x X M M ™ x |
H S U P A 6 X M M ™ 1x x |
| b d B a s e a n |
1 0 ) S 1 O |
3 1 |
3 1 |
6 0 ) S 2 O |
O 2 0 8 X -G L D ™ |
O 0 X -G L D ™ 6 x |
x ) 1 S 6 O ™ M C D |
| P o w e r t m a n a g e m e n |
™ M C D m L n O 0 |
) 1 S O ™ M D C |
) 2 S O ™ M D C |
M M T C D m L n |
X -P M U ™ 6 0 0 |
X -P M U ™ 6 1 1 |
L m O n 5 G 6 - ( X |
| R F C M O S i t a n s c e e r v r |
3 G 1 ( - X |
L m O n 5 G 6 ( - |
L m O n 5 G 6 ( - |
O 0 3 G 1 ( - X |
S i M A R T P M |
S i 3 G M A R T E |
S i M A R T U E |
| d i F M -r a o |
X | X | |||||
| l P t o o c o r k t s a c |
3 | 3 | 3 | 3 | 3 | 3 | 3 |
Integrated in one chip
| 3 m t hs de on e n |
9 m t hs de d on e n |
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|---|---|---|---|---|---|
| in Eu i l l io ro m n |
Ju 3 0, 0 7 n |
Ma 3 1, 0 8 r |
Ju 3 0, 0 8 n |
Ju 3 0, 0 7 n |
Ju 3 0, 0 8 n |
| Ne t s les a |
1, 0 1 1 |
1, 0 4 9 |
1, 0 2 9 |
2, 9 4 7 |
3, 1 6 8 |
| Co f g t o ds l d s oo so |
( ) 6 7 6 |
( ) 6 8 1 |
( ) 6 6 6 |
( ) 1, 9 8 1 |
( ) 2, 0 4 8 |
| Gr f i t os s p ro |
3 3 5 |
3 6 8 |
3 6 3 |
9 6 6 |
1, 1 2 0 |
| Re h a d de lop t e se arc n ve m en xp en se s |
( ) 1 9 6 |
( ) 1 8 1 |
( ) 1 8 1 |
( ) 5 7 7 |
( ) 5 6 8 |
| Se l l ing l a d a dm in is tra t ive g en era n ex p en se s , |
( 1 2 4 ) |
( 1 3 6 ) |
( 1 4 5 ) |
( 3 6 5 ) |
( 4 1 8 ) |
| Re ing ha tru tur s c c rg es |
( 2 0 ) |
( 6 ) |
( 2 ) |
( 4 2 ) |
( 1 1 ) |
| O t he t ing inc t r o p er a om e, ne |
1 8 |
2 | 4 3 |
2 2 |
7 5 |
| Op t in inc era g om e |
1 3 |
4 7 |
7 8 |
4 | 1 9 8 |
| In ter t e t es xp en se ne , |
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( 1 0 ) |
( 1 2 ) |
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| Eq i in ing f a ia d c ies ty te t u ea rn s o ss oc om p an ne , |
– | 2 | 1 | – | 3 |
| O ( ), t he t ing inc t r n on -op era om e ex p en s e ne |
2 | ( ) 6 |
( ) 1 |
1 4 |
( ) 5 |
| M ino i ty in ter ts r es |
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( 7 ) |
( 6 ) |
( 2 4 ) |
| In ( los ) be for inc tax d isc t inu d t ion d co me s e om e es on e op era s, an , |
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| d ina los tra e x or ry s |
1 | 2 6 |
9 5 |
( 2 1 ) |
1 4 4 |
| Inc tax om e ex p en se |
( 1 1 ) |
( 7 ) |
( 1 4 ) |
( 4 4 ) |
( 3 5 ) |
| In ( los ) fro t inu ing t ion co me s m co n op era s |
( 1 0 ) |
1 9 |
4 5 |
( 6 5 ) |
1 0 9 |
| Inc ( los ) fro d isc t inu d o t ion t o f tax om e s m on e p era s , ne |
( 1 8 7 ) |
( 1, 3 9 0 ) |
( 6 3 7 ) |
1 2 |
( 2, 4 6 8 ) |
| Lo be for tra d ina lo ss e e x or ry ss |
( 1 9 7 ) |
( 1, 3 7 1 ) |
( 5 9 2 ) |
( 5 3 ) |
( 2, 3 5 9 ) |
| f Ex tra d ina los t o tax or ry s, ne |
– | – | – | ( ) 3 5 |
– |
| Ne t los s |
( ) 1 9 7 |
( ) 1, 3 7 1 |
( ) 5 9 2 |
( ) 8 8 |
( ) 2, 3 5 9 |
| S ha in i l l ion re s m s |
|||||
|---|---|---|---|---|---|
| W ig h te d a ha ts tan d ing ba ic d d i lu te d e ve rag e s res ou s an – |
7 4 9 |
7 5 0 |
7 5 0 |
7 4 8 |
7 5 0 |
| Ba ic d d i lu d e ing ( los ) ha fro inu ing ion te t t s an arn s s p er s re m co n o p era s |
( 0. 0 1 ) |
0. 0 3 |
0. 0 6 |
( 0. 0 9 ) |
0. 1 5 |
| Ba ic d d i lu te d e ing ( los ) ha fro d isc t inu d o t ion s an arn s s p er s re m on e p er a s |
( 0. 2 5 ) |
( 1. 8 5 ) |
( 0. 8 5 ) |
0. 0 1 |
( 3. 3 0 ) |
| Ba ic d d i lu d los ha fro d ina los te tra s an s p er s re m ex or ry s |
– | – | – | ( 0. 0 4 ) |
– |
| Ba ic d d i lu d los ha ( in Eu ) te s an s p er s re ro |
( 0. 2 6 ) |
( 1. 8 2 ) |
( 0. 9 ) 7 |
( 0. 1 2 ) |
( 3. 1 ) 5 |
* Quarterl y earnings (loss) per share may not add up to year-to-date earnings (l oss) per share due to rounding.
| in Eu i l l ion ro m |
Se 3 0, 0 7 p |
Ju 3 0, 0 8 n |
|---|---|---|
| As ts se |
||
| Cu nt ets rre ass : |
||
| Ca h a d c h e iva len ts s n as q u |
1, 0 7 3 |
4 0 8 |
| Ma ke ta b le s it ies r ec ur |
2 1 0 |
45 2 |
| Tra de ts iva b le, t ac co un rec e ne |
6 2 0 |
5 4 6 |
| Inv tor ies en |
5 9 8 |
6 7 0 |
| De fer d inc e t re om axe s |
3 4 |
25 |
| Ot he t a ts r c urr en sse |
3 0 3 |
3 2 3 |
| As ts he l d for d isp l se os a |
5, 6 5 3 |
2, 9 5 8 |
| To ta l cu nt ts rre as se |
8, 4 9 1 |
5, 3 8 2 |
| Pro lan d e ip ert t a nt, t p y, p n q u me ne |
1, 4 6 2 |
1, 3 0 5 |
| Int i b le ts, t an g as se ne |
8 9 |
3 6 7 |
| Lo inv -te tm ent ng rm es s |
2 4 |
3 0 |
| Re str icte d c h as |
77 | 77 |
| fer De d inc e t re om axe s |
4 4 6 |
4 1 9 |
| Pe ion ts ns as se |
6 0 |
5 5 |
| Ot he ets r a ss |
1 6 0 |
1 0 8 |
| To ta l as set s |
1 0, 8 0 9 |
7, 7 4 3 |
| in Eu i l l ion ro m |
Se 3 0, 0 7 p |
Ju 3 0, 0 8 n |
| L ia b i l it ies d s ha ho l de ' eq ity an re rs u |
||
| Cu nt l ia b i l it ies rre : |
||
| S ho rt-t de bt d c t m atu it ies erm an urr en r |
2 6 0 |
1 9 3 |
| Tra de ts b le ac co un p ay a |
5 9 6 |
4 6 5 |
| Ac d l ia b i l it ies cru e |
3 7 9 |
3 2 9 |
| De fer d inc e t re om axe s |
1 0 |
9 |
| S ho rt-t ion l ia b i l it ies erm p en s |
5 | 5 |
| Ot he t l ia b i l it ies r c urr en |
3 25 |
3 0 8 |
| L ia b i l it ies he l d for d isp l osa |
1, 8 9 8 |
2, 0 4 9 |
| To ta l cu nt l ia b i l it ies rre |
3, 47 3 |
3, 3 5 8 |
| Lo -te de bt ng rm |
1, 1 4 9 |
1, 0 7 4 |
| Pe ion l ia b i l it ies ns |
8 8 |
8 1 |
| De fer d inc e t re om axe s |
2 3 |
1 0 |
| Lo -te d l ia b i l it ies ng rm ac cru e |
2 2 |
2 1 |
| Ot he l ia b i l it ies r |
1 0 7 |
9 1 |
| To ta l l ia b i l it ies |
4, 8 6 2 |
4, 6 3 5 |
| M ino ity int sts r ere |
1, 0 3 3 |
6 4 9 |
| To ta l s ha ho l de ' e ity re rs q u |
4, 9 1 4 |
2, 45 9 |
| To ta l l ia b i l it ies d s ha ho l de ' e ity an re rs q u |
1 0, 8 0 9 |
7, 7 4 3 |
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