Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Infineon Technologies AG

Investor Presentation • Sep 25, 2009

222_ip_2009-09-25_f8c79690-585a-47ad-8a65-77e4b2d9476c.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

Third Quarter FY 2009

Quarterly Update

Infineon Technologies AG Investor Relations

Disclaimer

This presentation was prepared as of August 4, 2009 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 we operate. These include statements relating to general economic conditions, future developments in the world semiconductor market, our ability to manage our costs and to achieve our savings and growth targets, the resolution of Qimonda's insolvency proceedings and the liabilities we may face as a result of Qimonda's insolvency, the benefits of research and development alliances and activities, our planned levels of future investment, the introduction of new technology at our facilities, the continuing transitioning of our production processes to smaller structure sizes, and our continuing ability to offer commercially viable products.

These forward-looking statements are subject to a number of uncertainties, including broader economic developments, including the duration and depth of the current economic downturn; trends in demand and prices for semiconductors generally and for our products in particular, as well as for the end-products, such as automobiles and consumer electronics, that incorporate our products; the success of our development efforts, both alone and with partners; the success of our efforts to introduce new production processes at our facilities; the actions of competitors; the successful closing of our pending rights offering and the availability of funds; the outcome of antitrust investigations and litigation matters; and the resolution of Qimonda's insolvency proceedings; as well as the other factors mentioned in this presentation and those described in the "Risk Factors" section of the registration statement of Infineon on Form F-3 filed with the U.S. Securities and Exchange Commission on July 16, 2009 and the prospectus of Infineon dated July 16, 2009 and approved by the German regulator BaFin. As a result, Infineon's actual results could differ materially from those contained in these forward-looking 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 in light of developments which differ from those anticipated.

ÆInfineon Results and Outlook

ÆRefinancing Package

ÆBusiness Highlights

Q3 FY09 Revenue Increased to EUR 845m Segment Result Slightly Positive

Q3 FY09 Revenue and Segment Result by Segment

Net Debt in Nominal Terms Declined by More Than EUR 100m

Debt structure changes in 3Q FY09

  • Repurchase of EUR 94m nominal amount of convertible and exchangeable bonds for about EUR 71m in cash, using strong cash flow.
  • Issuance of a new EUR 196m convertible bond with 2014 maturity, generating gross proceeds of ~EUR 182m.

Excluding IFX10+, Cash Generation during 9 months FY09 Despite Significant Revenue Decline

Gross cash development since end Q4 FY08

Through the IFX10+ Program and Further Measures, Infineon significantly reduced OpEx

Actual expenditures in SG&A and R&D

CapEx Significantly Below D&A, Reduction of CapEx Targets During 9-months FY09

CapEx = purchase of property, plant and equipment + purchase of intangible assets, and other assets + capitalization of R&D expenses

Strict Management of Working Capital Positions

Bars: [EUR m]

Lines: [days]

Q4 FY09 Outlook and Update on Full Year FY 2009 Outlook (IFRS)

Reflecting the pending sale of the WLC business, Infineon will classify WLC as discontinued operations in its consolidated financial statements for Q4 FY09 and fiscal year ending September 30, 2009, effective as of the fourth quarter.

R
e
e
n
e
s
v
u		 d
l
l
R
i
t
t
t
e
e
n
e
s
e
p
e
c
e
o
g
o
s
e
q
e
n
a
o
n
a
v
u
x
r
w
u
y
ƒ
–
b
l
b
l
d
h
C
i
i
W
L
t
t
c
o
m
p
a
a
e
a
s
s
e
c
n
g
e
s
e
g
m
e
n
r
x
u
,
d
d
l
b
A
i
i
i
i
i
i
t
t
t
n
c
p
a
e
e
e
n
e
s
n
c
e
a
s
e
e
n
n
p
a
c
a
r
v
u
r
r
v
r
u
r
y
ƒ
h
(
)
d
d
l
A
i
A
T
V
I
i
&
t
t
t
t
t
e
s
e
g
m
e
n
s
o
m
o
e
a
n
n
s
a
u
v
u
r
l
k
(
)
M
i
I
M
M
t
t
u
m
a
r
e
S
t
e
g
m
e
n
l
R
t
e
s
u		 d
l
l
h
f
h
C
i
i
i
i
i
t
t
t
t
a
u
o
u
s
n
c
r
e
a
s
e
s
n
p
r
o
u
c
o
n
e
v
e
s
n
e
o
u
r
ƒ
d
d
i
t
t
t
t
q
u
a
r
e
r
a
r
e
e
x
p
e
c
e
a
s
c
o
m
p
a
n
y
a
a
p
s
c
a
p
a
c
y
l
d
h
d
d
d
i
i
i
t
t
t
o
a
n
g
o
e
m
p
o
e
e
m
a
n
e
n
o
n
m
e
n
o
n
a
r
v
v
r
–
b
l
b
l
d
h
C
i
i
W
L
t
t
c
o
m
p
a
a
e
a
s
s
e
c
n
g
e
s
e
g
m
e
n
r
x
u
,
h
h
h
b
f
f
d
h
h
l
T
i
i
i
i
i
t
t
t
t
t
t
o
g
e
e
e
e
n
e
s
o
a
n
c
p
a
e
g
e
s
a
e
s
r
w
r
ƒ
l
l
d
l
d
l
l
l,
f
i
I
i
t
t
t
t
t
e
e
n
o
o
o
n
n
e
o
e
e
n
n
e
o
n
v
s
a
a
c
s
s
c
a
a
a
w
v
l
d
l
S
i
i
R
t
t
t
t
e
x
p
e
c
s
e
g
m
e
n
e
s
u
o
m
p
r
o
v
e
a
c
c
o
r
n
g
y

ÆInfineon Results and Outlook

ÆRefinancing Package

ÆBusiness Highlights

Steps for Refinancing Taken in Q3 FY09

  • May 5: Bond Tender Offer
  • Repurchase of EUR 53m (nominal) of Conv and Exch Bonds 2010
  • May 26: New Convertible Bond 2014
  • Gross proceeds of ~EUR 182m
  • During Q3 FY09: Additional repurchases of bonds
  • EUR 41m (nominal) for Conv and Exch Bonds 2010
  • July 7: Announcement of sale of WLC
  • Purchase price is EUR 250m, proceeds of EUR 230m at closing (expected in autumn 2009), remainder of EUR 20m payable 9 months thereafter
  • July 16: Announcement of capital increase and rights offering
  • Aug 4: Anticipated net proceeds from capital increase and rights offering of approximately EUR 680m

Summary of Key Results of the Capital Increase

  • ~323m shares have been subscribed for by execution of subscription rights (~96.9% of available shares).
  • ~14m shares haven been subscribed for by Apollo.
  • After settlement of the shares subscribed Apollo will hold 1.3% of Infineon.
  • Registration of the new shares subscribed for under the rights offering at the Commercial Register and decision on admission at the Frankfurt Stock Exchange expected for August 6, 2009.
  • Delivery of the new shares subscribed for under the rights offering and inclusion in the existing stock quotation of the company's shares expected for August 7, 2009.

Successful Recapitalization Results in Balanced Maturity Profile

All figures based on nominal values

Assumptions:

  • No operational or investing cash flow effect considered.
  • No additional debt repurchases or debt issuance considered, convertible 2010 and exchangeable 2010 mature at 100%.

Fees and expenses included for capital increase: ~EUR 45m.

Potential cash flows for Qimonda risks (provision of EUR 206m), ALTIS and WLC disposal not included.

  • * Nominal value. Book value: EUR 675m for all bonds; EUR 347m for other debt.
  • **Excl. EUR 91m option component.

Sale of Wireline Communications (WLC)

  • Signing of Sale agreement on July 7, 2009 with Golden Gate Capital.
  • Closing expected in autumn 2009.
  • Purchase price is EUR 250m, book gain of ~EUR 135m, proceeds of EUR 230m at closing, remainder of EUR 20m payable 9 months thereafter.
  • Approximately 900 staff will be transferred; 600 from WLC and 300 from central functions.
  • WLC represents about a tenth of Infineon's revenue.
  • WLC has limited inter-dependencies with other parts of the Infineon group, i.e. the separation does not entail any major restructuring or regrouping of business units.
  • Focused business portfolio allows stronger concentration of financial resources on remaining core businesses.

ÆInfineon Results and Outlook

ÆCapital Increase Transaction Overview

ÆBusiness Highlights

Focus Areas and Target Markets

Automotive Segment (ATV)

Revenue and Segment Result

Revenue increased due to

  • improved demand worldwide for smaller-sized cars in the context of national car-scrap bonus programs in Europe and an economic stimulus program in China;
  • end of customers' de-stocking in the supply chain in EU and Japan.

  • Segment Result improved strongy due to higher production levels, cost savings, and the increase in revenue.

  • Cooperation with Bosch for power semiconductors started on April 20, 2009.

  • Steady growth market share from 3.9% in 1994 to 9.5% in 2008 (Source: Strategy Analytics 1995 to May 2009).
  • World's number 2 automotive semiconductor supplier with USD 1,742m revenue in CY08, second to number 1 with USD 1,744m (Source: Strategy Analytics, July 2009).

Industrial & Multimarket Segment (IMM)

Revenue and Segment Result

  • Revenue increased due to stronger end customer demand for computing, communications and industrial products.

  • Segment Result improved significantly. The principal drivers were higher sales volumes as well as improved factory loading, besides cost savings.

  • Cooperation with LS Industrial Systems for power modules in white goods and industrial drives for the Asian market.

  • Again market leader in CY08 for power semiconductors with 10.2% market share (Source: IMS Research, July 2009).

Chip Card & Security Segment (CCS)

Revenue and Segment Result

  • Revenues increased slightly as stronger revenues in the SIM card business were partially offset by lower revenues in the ID business.

  • Segment Result was positive again with a significant increase in sequential earnings, reflecting principally the overall increase in factory utilization.

  • Infineon has implemented chipcard projects in more than 60 countries.

  • Recently won gov't ID projects: Turkey, Saudi Arabia, Bahrein, UAE, Oman, India.
  • Recently won transportation projects: Beijing, Shenzen, Taiwan, and Rio de Janeiro.
  • Infineon has been number 1 in chips for chipcard applications in each year since 1997 through 2008 (Sources: iSuppli, 2009 and Frost & Sullivan, 1998-2008).

Wireless Solutions Segment (WLS)

Revenue and Segment Result

  • Revenues increased significantly on a sequential basis, mainly due to increased demand of some major mobile phone platform customers for both HSDPA and Ultra Low Cost solutions.

  • Segment Result increased significantly and was positive, reflecting the increase in revenues and higher production levels.

  • Two single-chip design wins at Nokia: a.) XMM™1100 GSM/GPRS platform ramping in Q4 CY09, b.) XMM™2130 EDGE platform ramping in 2H CY10.

  • Examples of HSDPA phones launched based on XMM™6080 platform: KM900 ("Arena") and KF900 ("Prada") by LG; C6620 and C6625 by Samsung; 831P by Panasonic.

Wireline Communications Segment (WLC)

Revenue and Segment Result

  • Revenues increased mostly driven by the CPE business where
  • several high-end Integrated Access Devices (IAD) projects at major European carriers ramped, and
  • the system-on-a-chip for the lowcost ADSL market continued to ramp.

  • Segment Result increased mainly due to the increase in revenues and improved factory loading.

  • Sale of WLC announced on July 7, 2009. Closing expected in autumn 2009.

  • In 2007, Infineon held the number 1 position with a market share of 22% of the wireline access network IC market(Source: Gartner Dataquest, June 2008, excluding cable modem transceiver ICs).
  • Infineon entered into an agreement with Huawei Technologies to provide semiconductor solutions in the area of central office solutions and customer premises equipment.

Infineon Condensed Consolidated Statements of Operations (IFRS) (unaudited)

3
m		 t
h
d
o
n
s
e
n
e		 d 9
t
h
m
o
n		 d
d
s
e
n
e
in
Eu
i
l
l
io
ro
m
n		 Ju
3
0,
0
8
n		 M
3
1,
0
9
ar		 Ju
3
0,
0
9
n		 Ju
3
0,
0
8
n		 Ju
3
0,
0
9
n
Re
ve
nu
e		 1,
0
2
9		 7
4
7		 8
4
5		 3,
1
6
8		 2,
4
2
2
Co
f g
t o
ds
l
d
s
oo
so		 (
)
6
7
3		 (
)
6
3
4		 (
)
6
1
0		 (
)
2,
0
6
3		 (
)
1,
9
2
2
Gr
f
i
t
os
s
p
ro		 3
6
5		 1
1
3		 2
3
5		 1,
1
0
5		 0
0
5
Re
h
d
de
lo
t e
se
ar
c
an
ve
p
m
en
xp
en
se
s		 (
1
6
9
)		 (
1
2
2
)		 (
1
2
5
)		 (
5
2
0
)		 (
3
9
6
)
Se
l
l
in
l a
d
dm
in
is
tra
t
ive
g,
g
en
er
a
n
a
e
xp
en
se
s		 (
1
4
5
)		 (
1
1
0
)		 (
1
0
8
)		 (
4
1
5
)		 (
3
3
0
)
O
t
he
t
in
inc
r o
p
er
a
g
om
e		 5
5		 1
5		 4 1
0
3		 2
2
O
he
in
t
t
r o
p
er
a
g
ex
p
en
se		 (
1
2
)		 (
3
9
)		 (
1
1
)		 (
1
)
5		 (
6
1
)
Op
t
in
in
(
lo
)
er
a
g
co
m
e
ss		 8
5		 (
1
4
3
)		 (
5
)		 2
2
2		 (
2
6
5
)
F
in
ia
l
in
an
c
co
m
e		 6 2
1		 1
9		 3
7		 1
0
0
F
in
ia
l e
an
c
xp
en
se		 (
)
3
7		 (
)
3
2		 (
)
3
1		 (
)
1
2
5		 (
)
1
1
9
Inc
fro
inv
d
fo
in
he
i
ho
d,
tm
ts
te
t
ty
t
t
om
e
m
es
en
a
cc
ou
n
r u
s
g
e
q
u
m
e
n
e		 1 2 2 3 5
In
(
lo
)
fro
t
in
in
t
io
be
fo
in
ta
co
m
e
ss
m
c
on
g
op
er
a
ns
re
co
m
e
xe
s
u		 5
5		 (
1
5
2
)		 (
1
5
)		 1
3
7		 (
2
7
9
)
Inc
ta
be
f
i
t
(
)
om
e
ne
ex
p
en
se
x		 (
5
)		 2 (
5
)		 (
2
8
)		 (
7
)
In
(
lo
)
fro
in
in
io
t
t
co
m
e
ss
m
c
on
u
g
op
er
a
ns		 0
5		 (
1
0
)
5		 (
2
0
)		 1
0
9		 (
2
8
6
)
Lo
fro
d
isc
in
d
ion
f
inc
t
t
t o
ta
ss
m
on
ue
op
er
a
s,
n
e
om
e
xe
s		 (
4
2
9
)		 (
1
0
8
)		 (
3
)		 (
2,
9
2
)
7		 (
3
9
9
)
Ne
t
lo
ss		 (
3
7
9
)		 (
2
5
8
)		 (
2
3
)		 (
2,
8
6
3
)		 (
6
8
5
)
A
t
tr
i
bu
ta
b
le
to
:
M
in
i
in
ty
te
ts
or
re
s		 (
8
)
7		 (
1
9
)		 1 (
6
3
9
)		 (
4
8
)
S
ha
ho
l
de
f
In
f
in
Te
hn
log
ies
A
G
re
rs
o
eo
n
c
o		 (
2
9
2
)		 (
2
3
9
)		 (
2
4
)		 (
2,
2
2
4
)		 (
6
3
7
)

Basic and diluted earnings (loss) per share attributable to shareholders of

Infineon Technologies AG (in Euro)*:

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

Infineon consolidated Balance Sheet (IFRS) (unaudited)

in E
mi
llio
uro
n		 Se
30,
08
p		 Ju
n 3
0, 0
9
As
set
s
Cur
t as
set
ren
s:
Ca
sh
and
sh
ival
ent
ca
equ
s		 749 767
le-f
fin
Ava
ilab
ale
ial a
ts
or-s
anc
sse		 134 104
Tra
de
and
oth
eiva
ble
er
rec
s		 799 496
Inve
nto
ries		 665 521
Inco
tax
eiva
ble
me
rec		 29 13
Oth
nt f
ina
nci
al a
ts
er c
urre
sse		 19 29
Oth
nt a
ts
er c
urre
sse		 124 113
Ass
cla
ssif
ied
he
ld f
or d
isp
l
ets
as
osa		 2,1
29		 5
Tot
al c
ent
set
urr
as
s		 4,6
48		 2,0
48
Pro
ty,
lan
t an
d e
ipm
ent		 1,3
10		 1,0
11
per
p
qu
Go
odw
ill a
nd
oth
er i
ible
nta
set
as
s		 443 423
ng
Inve
stm
ent
unt
ed
for
usi
the
uity
tho
d
s a
cco
me		 20 24
ng
eq
Def
d ta
ts
erre
x a
sse		 400 396
Oth
er f
ina
nci
al a
ts		 133 114
sse
Oth
ts		 28 21
er a
sse
Tot
al a
ts
sse		 6,9
82		 4,0
37
in E
mi
llio
uro
n		 Se
30,
08
p		 Ju
n 3
0, 0
9
Lia
bili
ties
d e
ity
an
qu
Cur
t lia
bilit
ies
ren
:
Sho
deb
d c
ritie
f lo
de
bt
rt-te
t an
nt m
atu
term
rm
urre
s o
ng-		 207 634
Tra
de
and
oth
abl
er
pay
es		 506 365
Cu
t pr
ovis
ion
rren
s		 424 415
Inco
tax
ble
me
pa
ya		 87 97
Oth
nt f
ina
nci
al l
iab
ilitie
er c
urre
s		 63 43
Oth
nt l
iab
ilitie
er c
urre
s		 263 146
Lia
bilit
ies
ocia
ted
wit
h a
lass
ifie
d a
s h
eld
for
dis
al
ts c
ass
sse
pos		 2,1
23		 –
Tot
al c
ent
lia
bili
ties
urr		 3,6
73		 1,7
00
Lon
term
de
bt
g-		 963 388
Pen
sio
lan
nd
sim
ilar
itm
ent
n p
s a
co
mm
s		 43 35
Def
d ta
x lia
bilit
ies
erre		 19 15
Lon
term
ovis
ion
g-
pr
s		 27 105
Oth
er f
ina
nci
al l
iab
ilitie
s		 20 6
Oth
er l
iab
ilitie
s		 76 84
Tot
al l
iab
iliti
es		 4,8
21		 2,3
33
Sha
reh
old
' eq
uity
ers
:
Ord
ina
har
ital
ry s
e c
ap		 1,4
99		 1,4
99
Ad
ditio
nal
id-i
ital
pa
n c
ap		 6,0
08		 6,0
41
Acc
ula
ted
de
ficit
um		 (
5,2
52)		 (
5,8
89)
Oth
ent
f eq
uity
er c
om
pon
s o		 (
164
)		 (
3)
Tot
al e
ity
att
ribu
tab
le t
har
eho
lde
f In
fine
Tec
hno
log
ies
AG
qu
o s
rs o
on		 2,0
91		 1,6
48
Min
orit
inte
ts
y
res		 70 56
Tot
al e
ity		 2,1
61		 1,7
04
qu
Tot
al l
iab
iliti
and
uity
es
eq		 6,9
82		 4,0
37

Infineon Condensed Consolidated Statements of Cash Flows (IFRS) (unaudited)

Net
loss
(379
)
(25
8)
Les
et lo
ss f
dis
tinu
ed o
tion
429
108
s: n
rom
con
pera
s
Adj
ustm
ents
to r
ncile
net
los
s to
h pr
ovid
ed b
y (u
sed
in)
ratin
tivit
ies:
eco
cas
ope
g ac
Net
h pr
ovid
ed b
y (u
sed
in)
ratin
tivit
ies
cas
ope
g ac
Dep
reci
atio
d am
ortiz
atio
142
137
n an
n
Pro
visio
n fo
r (re
f) do
ubtf
ul a
unts
1
(2)
cove
ry o
cco
(Los
) ga
ins
ales
of c
nt a
vail
able
-for-
sale
fina
ncia
l as
sets
1
ses
on s
urre
-
Los
(ga
ins)
ales
of b
usin
nd i
nter
ests
in s
ubs
idia
ries
(38
)
17
ses
on s
ess
es a
Los
disp
ls o
f pro
pert
lant
d eq
uipm
ent
(4)
ses
on
osa
y, p
, an
-
from
for
(1)
(2)
Inco
inv
estm
ents
ted
usin
g th
uity
thod
me
acc
oun
e eq
me
Imp
airm
ent
cha
1
rges
-
Stoc
k-ba
sed
sati
1
1
com
pen
on
Def
d in
e ta
(7)
(4)
erre
com
xes
Cha
s in
ratin
sets
and
liab
ilitie
nge
ope
g as
s:
Tra
de a
nd o
ther
eiva
bles
61
(89
)
rec
Inve
ntor
ies
(68)
119
Oth
nt a
ts
(20
)
25
er c
urre
sse
Tra
de a
nd o
ther
able
14
(17
)
pay
s
Prov
ision
25
(47
)
s
Oth
nt li
abil
ities
23
(63
)
er c
urre
Oth
ts a
nd l
iabil
ities
14
4
er a
sse
Inte
eive
d
11
6
rest
rec
Inte
pai
d
(41)
(4)
rest
Inco
tax
ived
(8)
(2)
me
rece
Net
h pr
ovid
ed b
y (u
sed
in)
ratin
tiviti
es f
tinu
ing
ratio
156
(70
)
cas
ope
g ac
rom
con
ope
ns
Net
h us
ed i
erat
ing
acti
vitie
s fro
m d
isco
ntin
ued
ratio
(147
)
(44
)
cas
n op
ope
ns
Net
h us
ed i
erat
ing
acti
vitie
9
(114
)
cas
n op
s
Cas
h flo
ws f
inv
esti
ctiv
ities
rom
ng a
:
Pur
cha
of a
vaila
ble-
for-
sale
fina
ncia
l as
(80
)
sets
ses
-
Pro
ds f
sal
f av
aila
ble-
for-
sale
fina
ncia
l as
sets
251
5
cee
rom
es o
Pro
ds f
sal
f bu
sine
and
inte
rest
s in
sub
sidia
ries
61
4
cee
rom
es o
sses
Bus
ines
quis
ition
et o
f ca
sh a
ired
(32
)
s ac
s, n
cqu
-
Pur
cha
of i
ntan
gibl
sets
d ot
her
ets
(11
)
(11
)
ses
e as
, an
ass
of p
(57
)
(40
)
Pur
cha
rty,
plan
t an
d eq
uipm
ent
ses
rope		 (23
133
(1)
(2)
(2)
23
66
(4)
(13
18
(35
(4)
172
(10
162
(30)
48
(14
(13
Pro
ds f
sal
f pro
pert
lant
and
ipm
ent,
and
oth
ts
5
95
cee
rom
es o
y, p
equ
er a
sse
Net
h pr
ovid
ed b
y (u
sed
in)
inve
sting
act
ivitie
s fro
onti
nuin
erat
ions
137
53
cas
m c
g op		 (2)
Net
h us
ed i
n in
vest
ing
acti
vitie
s fro
m d
isco
ntin
ued
ratio
74
(28
6)
cas
ope
ns
Net
h us
ed i
n in
vest
ing
acti
vitie
211
(23
3)
cas
s		 (2)
Cas
h flo
ws f
fina
ncin
tivit
ies:
rom
g ac
Net
cha
in s
hort
-ter
m d
ebt
3
nge
-		 (13
fina
Net
cha
in r
elat
ed p
arty
ncia
l rec
eiva
bles
and
able
1
1
nge
pay
s
Pro
ds f
iss
f lon
g-te
rm d
ebt
1
cee
rom
uan
ce o
-		 181
Prin
cipa
l rep
ents
of l
-ter
m d
ebt
(112
)
(98
)
aym
ong		 (86
Cha
in r
estr
icted
h
1
nge
cas
-		 (7)
Divi
den
d pa
nts
to m
inor
ity in
tere
sts
(4)
(6)
yme
Net
h us
ed i
n fin
ing
acti
vitie
s fro
onti
nuin
erat
ions
(114
)
(99
)
cas
anc
m c
g op		 75
Net
h pr
ovid
ed b
y fin
ing
acti
vitie
s fro
m d
isco
ntin
ued
ratio
47
(59
)
cas
anc
ope
ns
Net
h pr
ovid
ed b
y (u
sed
in)
fina
ncin
tiviti
(67
)
(15
8)
cas
g ac
es		 75
Net
dec
e in
h an
d ca
sh e
quiv
alen
ts
153
(50
5)
reas
cas		 235
Effe
ct o
f for
eign
han
ate
cha
h an
d ca
sh e
quiv
alen
ts
(2)
1
exc
ge r
nge
s on
cas
Cas
h an
d ca
sh e
quiv
alen
t be
ginn
ing
of p
erio
d
1,03
6
ts a
-		 532
Cas
h an
d ca
sh e
quiv
alen
ts a
t en
d of
iod
151
532
per
Les
s: C
ash
and
uiva
lent
s at
end
erio
d fro
m d
isco
ntin
ued
ratio		 767
h eq
of p
(30
)
cas
ope
ns
-
Cas
h an
d ca
sh e
quiv
alen
ts a
t en
d of
iod
from
tinu
ing
ratio
181
532
per
con
ope
ns		 767

Copyright © Infineon Technologies 2009. All rights reserved. Page 27

Financial Calendar

More from Infineon Technologies AG

Director's Dealing 2025
Dec 9
Director's Dealing 2025
Dec 5
Report Publication Announcement 2025
Nov 28
Report Publication Announcement 2025
Nov 28
Report Publication Announcement 2025
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 →

Talk to a Data Expert

Have a question? We'll get back to you promptly.