FY 2012 FY 2013

Annual General Meeting of
Infineon Technologies AG
Dominik Asam
Chief Financial Officer
Infineon Technologies AG
Munich, February 13, 2014
Infineon Group
Results for FY 2012 vs. FY 2013
[in € million]
[in € million]
-2%
Revenue
3,904 3,843
527
377
13.5%
9.8%
Revenues
% of
revenue
Segment
Result
FY 2012
3,904
3,843
36.6%
34.4%
527
377
Income from
Discontinued
Operations
-5
-11
Income from
Continuing
Operations
432
283
Net Income
427
272
€0.40
€0.25
Gross Margin
-28%
FY 2013
FY 2012 FY 2013
Segment Result
Earnings per
Share*
* basic
Infineon Group
Growth Compared to Same Quarter of Previous Year
20%
16%
15%
10%
7%
3%
5%
0%
-5%
-10%
-7%
-10%
-15%
Q1 12/13
Q2 12/13
Q3 12/13
Q4 12/13
Q1 13/14
ATV: Revenue and Segment Result
FY 2012 vs. FY 2013
Revenue [in € million]
2012
2013
Q1 2013
Q1 2014
Segment Result [in € million]
1,660
1,714
219
+3%
20
377
+20%
452
167
55
IPC: Revenue and Segment Result
FY 2012 vs. FY 2013
Revenue [in € million]
2012
2013
Q1 2013
728
Segment Result [in € million]
118
-11%
38
651
-5
138
+30%
Q1 2014
179
27
PMM: Revenue and Segment Result
FY 2012 vs. FY 2013
Revenue [in € million]
2012
2013
Q1 2013
Segment Result [in € million]
929
+6%
987
142
144
22
222
+7%
Q1 2014
238
29
CCS: Revenue and Segment Result
FY 2012 vs. FY 2013
Revenue [in € million]
2012
457
2013
463
Q1 2013
Segment Result [in € Million]
56
+1%
39
10
108
±0%
Q1 2014
108
6
Revenue by Regions
FY 2012 vs. FY 2013
Revenue [in € million]
Europe,
Middle East,
Africa
1,732
1,567
13%
Europe w/o Germany,
Middle East, Africa
20%
6%
1,470
1,560
Asia-Pacific
(w/o Japan)
252
21%
227
450
489
Americas
FY 2012
Americas
Japan
908
795
therein Germany
Japan
Revenue Share 2013
FY 2013
40%
Asia-Pacific
(w/o Japan)
Germany
Operational Expenses
FY 2012 and FY 2013
R&D Expenses
[in € million]
455
525
11.7%
13.7%
FY 2012
FY 2013
Selling, general and
administrative expenses
[in € million]
475
440
12.2%
11.4%
FY 2012
FY 2013
Long-Term Trend for Revenue and Segment Result
[in € million]
[Segment Result in %]
4,500
4.500
3,997
4,000
4.000
3,500
3.500
3,000
3.000
25,0%
25.0%
3,904
19.7%
3,295
20,0%
20.0%
14.4%
15,0%
15.0%
2,500
2.500
2.000
2,000
1.000
1,000
500
10,0%
10.0%
13.5%
1.500
1,500
475
786
5,0%
5.0%
527
0
0,0%
0.0%
FY 2010
Revenues
FY 2011
Segment Result
FY 2012
Margin
Guidance FY 2013
Margin over the Cycle
Long-Term Trend for Revenue and Segment Result
[in € million]
[Segment Result in %]
4,500
4.500
3,997
4,000
4.000
3,500
3.500
3,000
3.000
25,0%
25.0%
3,904
3,843
19.7%
3,295
20,0%
20.0%
14.4%
15,0%
15.0%
2,500
2.500
2.000
2,000
13.5%
1.500
1,500
1.000
1,000
500
475
786
527
9.8%
377
0
10,0%
10.0%
5,0%
5.0%
0,0%
0.0%
FY 2010
Revenues
FY 2011
Segment Result
FY 2012
Margin
FY 2013
Margin over the Cycle
Cash Flow FY 2013 vs. FY 2012
[in € million]
235
[in € million]
Purchases of property,
plant and equipment
0
Purchases of intangible
assets
-219
Free Cash Flow
FY 2012
FY 2013
FY 2012
FY 2013
832
315
58
63
Return on Capital Employed After Tax
[in € million]
[RoCE in %]
2,500
2.500
2,000
2.000
2,035
22.3%
25.0%
25,0%
2,159
20.0%
20,0%
14.1%
1.500
1,500
10.0%
10,0%
1.000
1,000
500
0
15.0%
15,0%
454
304
5.0%
5,0%
0.0%
0,0%
FY 2012
Capital Employed
FY 2013
NOPAT
RoCE in %
Infineon Group
Key Balance Sheet Figures FY 2012 vs. FY 2013
[in € million]
[in € million]
+2%
1,940
1,983
FY 2012
FY 2013
Gross Cash Position
Net Cash Position
2,235
1,940
2,286
1,983
Non-current assets
2,388
2,282
Long-term debt
645
535
Provisions
740
721
326
356
3,575
5,898
3,776
5,905
Of which: related to
Qimonda insolvency
Net Cash Position
FY 2012
FY 2013
Equity
Total liabilities and equity
Outlook for Q2 and FY 2014
Outlook Q2 FY 2014
Outlook FY 2014
(compared with
Q1 FY 2014)
(compared with
FY 2013)
Revenue
Revenue increase by
medium single-digit
percentage
Revenue growth of
between 7% and 11%
Segment
result
margin
Between 10% and 13%
Between 11% and 14%
Performance of Infineon Shares (Oct. 12 – Feb. 13)
Compared to DAX and SOX
160
150
140
130
120
110
100
90
80
IFX
SOX
DAX
Oct. 1, 2012 to Feb. 7, 2014