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Infineon Technologies AG

Investor Presentation • Aug 6, 2008

222_ip_2008-08-06_b5fb86d7-fb02-4827-8c0e-231b8823a9b8.pdf

Investor Presentation

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Third Quarter FY 2008

Quarterly Update

Infineon Technologies Investor Relations

Disclaimer

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.

Third Quarter FY 2008 Results: Revenues of € 1.03bn; EBIT of € +71m

Powerful Demand Drivers

Organic Growth of Infineon at Constant Currency

Growth Rate

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more than EUR 200m should be realized.

(assuming continuation of current market conditions and an exchange rate of U.S. dollar 1.55 against the Euro.)

New Company Set-Up

Automotive

Industrial & Multimarket

Chipcard & Security

Wireless Solutions

Wireline Communications

Absolute Size does not Matter as much as Size in Addressed Markets

Margin Improvements

Financials and OutlookExecuting on Improving Profitability (US GAAP)

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.

Financials and OutlookDetailed Outlook for AIM and COM (US GAAP)

Automotive, Industrial & Multimarket

Communication Solutions

FY 2006 numbers before reclassificationof 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.
  • Q4 FY08: Expect sales to increase by a midsingle-digit percentage q-o-q; EBIT margin in the range of 9% to 10% excl. net gains or charges.
  • FY 2009: divestitures and currency impact limit growth potential; EBIT margin excl. net gains and charges to improve; additional positive effects from the program "IFX10+".
  • Q3 FY08: Despite the weak US dollar, reported sales increased 21% y-o-y due to strong customer ramp ups and aquisitions; y-o-y sales excl. aquisitions and on constant currency basis grew 9%.
  • Q4 FY08: expected revenues between €330m and €350m and EBIT excl. net gains and charges to improve q-o-q driven by revenue increase.
  • FY 2009: Revenue should grow from FY08 levels; cost savings to come from program "IFX10+"; EBIT to be positive.

25. Jul 2008

Financials and OutlookDetailed Outlook for OOS and C&E (US GAAP)

Other Operating Segments

Corporate & Eliminations

  • Q3 FY08: Sales decline q-o-q as Dresden 200-mm fab shipped last wafers to QI in Q3 FY08; EBIT in OOS and C&E did not include any significant net gains or charges.
  • Q4 FY08: sales in OOS to decline q-o-q; combined OOS and C&E EBIT excl. net gains or charges anticipated to be approximately negative €20m including additional costs from Dresden fab.
  • FY 2009: further y-o-y sales decline; no supplies to QI for entire year; EBIT loss comparable to FY 2008 excluding charges.

FY 2006 numbers before reclassificationof Qimonda into "assets held for sale"

  1. Jul 2008

[€ m]

Capital Structure Update

Gross Cash, Gross Debt and Net Debt

Capital Intensity: from 12% CapEx/Sales in FY 07 to ~8% in FY 08.

Lowering CapEx/Sales ratio to 8% or below

According to Fab-light Strategy, We Will Continue to Increase Our Foundry Share

All pie charts indicate in-house/subcontractor split on average over FY07. Sale of ALTIS not considered.

Frontend Power

Focus on in house production

Increase flexibility with higher foundry share

Complete Mobile Phone Platform Solutions for Major Growth Markets

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on
ue
op
er
a
s,
a
n
,
d
in
lo
tra
e
x
or
ar
y
ss		 1 2
6		 5
9		 (
)
2
1		 1
4
4
In
ta
co
me
x e
xp
en
se		 (
)
1
1		 (
)
7		 (
)
1
4		 (
)
4
4		 (
)
3
5
(
)
fro
in
in
io
In
lo
t
t
co
m
e
ss
m
c
on
u
g
op
er
a
ns		 (
)
1
0		 1
9		 4
5		 (
)
6
5		 1
0
9
In
(
lo
)
fro
d
isc
inu
d o
ion
f
t
t
t o
ta
co
me
ss
m
on
e
p
er
a
s ,
n
e
x		 (
)
1
8
7		 (
)
1,
3
9
0		 (
)
6
3
7		 1
2		 (
)
2,
4
6
8
Lo
be
fo
d
in
lo
tra
ss
re
ex
or
ar
y
ss		 (
)
1
9
7		 (
)
1,
3
7
1		 (
5
)
9
2		 (
5
)
3		 (
5
)
2,
3
9
Ex
d
ina
lo
f
tra
t o
ta
or
ry
ss
ne
x
,		 – – – (
3
)
5		 –
Ne
lo
t
ss		 (
1
9
)
7		 (
1,
3
1
)
7		 (
5
9
2
)		 (
8
8
)		 (
2,
3
5
9
)

Basic and diluted earnings (loss) per share*:

Shares in millions

W
ig
h
d a
ha
d
ing
ba
ic
d
d
i
lu
d
te
ts
ta
te
e
ve
ra
g
e s
re
s o
n
s
an
u
–		 7
4
9		 7
5
0		 7
5
0		 7
4
8		 7
5
0
Ba
ic
d
d
i
lu
d
ing
(
los
)
ha
fro
inu
ing
ion
te
t
t
s
an
ea
rn
s
s
p
er
s
re
m
co
n
o
p
er
a
s		 (
0.
0
1
)		 0.
0
3		 0.
0
6		 (
0.
0
9
)		 0.
1
5
(
)
fro
Ba
ic
d
d
i
lu
te
d
ing
los
ha
d
isc
t
in
d o
t
ion
s
an
ea
rn
s
s
p
er
s
re
m
on
ue
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
lo
te
tra
s
an
s p
er
s
re
m
ex
or
ry
ss		 – – – (
0.
0
4
)		 –
Ba
ic
d
d
i
lu
d
lo
ha
(
in
Eu
)
te
s
an
ss
p
er
s
re
ro		 (
0.
2
6
)		 (
1.
8
2
)		 (
0.
7
9
)		 (
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.

Infineon consolidated Balance Sheet

in
i
ion
Eu
l
l
ro
m		 Se
3
0,
0
7
p		 Ju
3
0,
0
8
n
As
ts
se
Cu
t a
ts:
rre
n
ss
e
Ca
h a
d c
h
iva
len
ts
s
n
as
eq
u		 1,
0
7
3		 4
0
8
Ma
ke
b
le
i
ies
ta
t
r
se
cu
r		 2
1
0		 4
2
5
Tr
de
iva
b
le,
ts
t
a
ac
co
un
rec
e
ne		 6
2
0		 5
4
6
Inv
ies
tor
en		 9
8
5		 6
0
7
De
fe
d
inc
tax
rre
om
e
es		 3
4		 2
5
O
he
t
t a
ts
r c
ur
ren
ss
e		 3
0
3		 3
2
3
As
he
l
d
for
d
isp
l
ts
se
os
a		 6
3
5,
5		 2,
9
8
5
To
l c
ta
t a
ts
ur
re
n
ss
e		 8,
4
9
1		 5,
3
8
2
Pr
lan
d e
ip
ty
t a
t,
t
op
er
p
n
q
u
me
n
ne
,		 1,
4
6
2		 1,
3
0
5
In
i
b
le
tan
ts,
t
g
as
se
n
e		 8
9		 3
6
7
Lo
inv
-te
tm
ts
ng
rm
es
en		 2
4		 3
0
Re
ic
d c
h
tr
te
s
as		 7
7		 7
7
De
fe
d
inc
tax
rre
om
e
es		 4
4
6		 4
1
9
Pe
ion
ts
ns
as
se		 6
0		 5
5
O
he
t
ts
r a
ss
e		 1
6
0		 1
0
8
To
l a
ta
ts
ss
e		 1
0,
8
0
9		 7,
7
4
3
in
Eu
i
l
l
ion
ro
m
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
i
t
ies
d s
ha
ho
l
de
' e
i
ty
a
n
re
rs
q
u
Cu
l
ia
b
i
l
i
ies
t
t
rre
n
:
S
ho
de
b
d c
i
ies
t-
ter
t a
t m
tu
t
r
m
n
ur
re
n
a
r		 2
6
0		 1
9
3
Tr
de
ts
b
le
a
ac
co
un
p
ay
a		 5
9
6		 4
6
5
Ac
d
l
ia
b
i
l
i
ies
t
cru
e		 3
7
9		 3
2
9
De
fe
d
inc
tax
rre
om
e
es		 1
0		 9
S
ho
t-
ter
ion
l
ia
b
i
l
i
t
ies
r
m
p
en
s		 5 5
O
he
l
ia
b
i
l
i
ies
t
t
t
r c
ur
ren		 3
2
5		 3
0
8
L
ia
b
i
l
i
ies
he
l
d
fo
d
isp
l
t
r
os
a		 1,
8
9
8		 2,
0
4
9
To
ta
l c
t
l
ia
b
i
l
i
t
ie
ur
re
n
s		 3,
4
7
3		 3,
3
5
8
Lo
de
b
-te
t
ng
rm		 1,
1
4
9		 1,
0
7
4
Pe
ion
l
ia
b
i
l
i
ies
t
ns		 8
8		 8
1
De
fe
d
inc
tax
rre
om
e
es		 2
3		 1
0
Lo
d
l
ia
b
i
l
i
ies
-te
t
ng
rm
a
cc
ru
e		 2
2		 2
1
O
he
l
ia
b
i
l
i
ies
t
t
r		 1
0
7		 9
1
ia
i
i
ies
To
ta
l
l
b
l
t		 4,
8
6
2		 4,
6
3
5
M
ino
i
ty
in
te
ts
r
re
s		 1,
0
3
3		 6
4
9
To
ta
l s
ha
ho
l
de
' e
i
ty
re
rs
q
u		 4,
9
1
4		 2,
4
5
9
ia
i
i
ies
i
To
ta
l
l
b
l
t
d s
ha
ho
l
de
' e
ty
an
re
rs
q
u		 1
0,
8
0
9		 7,
7
4
3

Financial Calendar

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Dec 5
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Nov 28
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Nov 28
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Nov 28
Annual Report 2025
Nov 28
Transaction in Own Shares 2025
Nov 17
Earnings Release 2025
Nov 12
Transaction in Own Shares 2025
Nov 10
Transaction in Own Shares 2025
Nov 3
View all filings →

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