Systematic Integration Infineon Technologies AG Infineon at a Glance
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ANNUAL REPORT 2015 ANNUAL REPORT 2015 Systematic integration Annual Report 2015 INFINEON TECHNOLOGIES AG TECHNOLOGIES INFINEON AG TECHNOLOGIES INFINEON INFINEON TECHNOLOGIES AG Headquarters: Am Campeon 1– 12, D-85579 Neubiberg near Munich (Germany), Phone + 49 89 234 - 0 Contact for Investors and Analysts: [email protected], Phone + 49 89 234 - 26655, Fax + 49 89 234 - 955 2987 Media Contact: [email protected], Phone + 49 89 234 - 28480, Fax + 49 89 234 - 955 4521 Visit us on the web: www.infineon.com Infineon Technologies AG Infineon at a glance Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2015 fiscal year (ending September 30), the company reported sales of about €5.8 billion with some 35,400 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Segment Market position¹ Market share 2 19.2 % 10.5 % 1 Automotive Industrial Power Control Page 54 Page 58 Applications Applications › CO2 reduction › Charger station for electric vehicles › Comfort electronics › Energy transmission and conversion › Driver assistance systems › Home appliances › Security › Industrial drives › Industrial vehicles Product range › Renewable energy generation › 32-bit automotive microcontrollers › Traction for powertrain, safety and driver › Uninterruptable power supplies assistance systems › Discrete power semiconductors Product range › IGBT modules › Bare die business › Industrial microcontrollers › Discrete IGBTs › Magnetic and pressure sensors › Driver ICs › Power ICs › IGBT modules (high-power, › Radar medium-power, low-power) › Transceiver (CAN, LIN, Ethernet, FlexRay) › IGBT module solutions incl. IGBT stacks › Voltage regulators Key customers ² Key customers ² ABB / Alstom / Bombardier / CSR Times / Danfoss / Autoliv / Bosch / BYD / Continental / Delphi / Denso / Eaton / Emerson / Fronius / Goldwind / Midea / Hella / Hitachi / Hyundai / Keihin / Lear / Mando / Rockwell / Schneider Electric / Siemens / Toshiba / Mitsubishi / Omron / Tesla / Valeo / ZF Friedrichshafen Yaskawa / Vestas Market position1 Market position1 2 with a market share of 10.5 % 1 with a market share of 19.2 % for discrete Source: Strategy Analytics, April 2015 power semiconductors and modules Source: IHS Inc., September 2015 1 All figures for 2014 calendar year. The market share of the five largest competitors is shown in the “Market position” section of the relevant segment. The figures provided in those sections with respect to changes in market share relate to the 2013 market share figures as calculated in 2015. Due to changes in the way the market is analyzed, these figures may differ from the 2013 market share figures reported in 2014. 2 In alphabetical order. Infineon’s major distributions customers are Arrow, Avnet, Jingchuan, Tomen, Weikeng and WPG Holding (SAC). Infineon at a glance Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2015 fiscal year (ending September 30), the company reported sales of about €5.8 billion with some 35,400 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Segment Market position¹ Market share Infineon at a glanceInfineon 27.8 % 2 2 19.2 % 1 23.9 % 10.5 % 1 Automotive Industrial Power Control Power Management & Multimarket Chip Card & Security Page 54 Page 58 Page 62 Page 66 Applications Applications Applications Applications › CO2 reduction › Charger station for electric vehicles › Cellular network infrastructure › Authentication › Comfort electronics › Energy transmission and conversion › DC motors › Automotive › Driver assistance systems › Home appliances › HiRel (high-reliability components) › Governmental identification documents › Security › Industrial drives › LED and conventional lighting systems › Healthcare cards › Industrial vehicles › Mobile devices › Internet of Things Product range › Renewable energy generation › Power management (adapters, chargers, power supplies) › Mobile communications › 32-bit automotive microcontrollers › Traction › Payment systems incl. mobile payment for powertrain, safety and driver › Uninterruptable power supplies Product range › Secure NFC (Near Field Communication) assistance systems › Control ICs transactions › Discrete power semiconductors Product range › Customized chips (ASICs) › Ticketing, access control › IGBT modules › Bare die business › Discrete low-voltage and high-voltage power transistors › Trusted computing › Industrial microcontrollers › Discrete IGBTs › GPS low-noise amplifier › Magnetic and pressure sensors › Driver ICs › Low-voltage and high-voltage driver ICs Product range › Power ICs › IGBT modules (high-power, › MEMS and ASICs for silicon microphones › Contact-based security controllers › Radar medium-power, low-power) › RF antenna switches › Contactless security controllers › Transceiver (CAN, LIN, Ethernet, FlexRay) › IGBT module solutions incl. IGBT stacks › RF power transistors › Dual-interface security controllers › Voltage regulators › TVS (transient voltage suppressor) diode (contact-based and contactless) Key customers ² Key customers ² ABB / Alstom / Bombardier / CSR Times / Danfoss / Key customers ² Key customers ² Autoliv / Bosch / BYD / Continental / Delphi / Denso / Eaton / Emerson / Fronius / Goldwind / Midea / AAC / Airbus / Artesyn / Boeing / Cisco / Dell / Delta / Gemalto / Giesecke & Devrient / Google / HP / Lenovo / Hella / Hitachi / Hyundai / Keihin / Lear / Mando / Rockwell / Schneider Electric / Siemens / Toshiba / Ericsson / Hewlett Packard Enterprise / Huawei / Lenovo / Microsoft / Oberthur Technologies / Safran Morpho / Mitsubishi / Omron / Tesla / Valeo / ZF Friedrichshafen Yaskawa / Vestas LG Electronics / Lite-on / muRata / Nokia / Osram / Samsung / US Government Publishing Office / Panasonic / Quanta / Samsung / ZTE Watchdata Market position1 Market position1 2 with a market share of 10.5 % 1 with a market share of 19.2 % for discrete Market position1 Market position1 Source: Strategy Analytics, April 2015 power semiconductors and modules 1 with a market share of 27.8 % 2 with a market share of 23.9 % Source: IHS Inc., September 2015 for standard MOSFET power transistors for microcontroller-based chip card ICs Source: IHS Inc., September 2015 Source: IHS Inc., July 2015 1 All figures for 2014 calendar year. The market share of the five largest competitors is shown in the “Market position” section of the relevant segment. The figures P An overview of our worldwide locations can be found on pages 124 and 125 in the chapter “Infineon worldwide”. provided in those sections with respect to changes in market share relate to the 2013 market share figures as calculated in 2015. Due to changes in the way the market is analyzed, these figures may differ from the 2013 market share figures reported in 2014. 2 In alphabetical order. Infineon’s major distributions customers are Arrow, Avnet, Jingchuan, Tomen, Weikeng and WPG Holding (SAC). Infineon key data As at and for the fiscal years ended September 30 (under IFRS) Fiscal year from October 1 to September 30 2015 2014 2015/2014 Far-reaching global changes lie ahead of us in the coming decades: € in in % of € in in % of Change millions revenue millions revenue in % Revenue by region 5,795 4,320 34 The demographic trend Europe, Middle East, Africa 2,020 35 1,707 39 18 Therein: Germany 942 16 859 20 10 Asia-Pacific (w/o Japan) 2,666 46 1,845 43 44 The associated demand for resources and Therein: China 1,337 23 868 20 54 at a glance Japan 399 7 284 7 40 Americas 710 12 484 11 47 Technological changes due to connectivity and digitalization Therein: USA 568 10 367 8 55 Infineon Revenue by Segment 5,795 4,320 34 These changes represent major challenges to society, Automotive 2,351 41 1,965 45 20 Industrial Power Control 971 17 783 18 24 but also offer exceptional opportunities to promote growth Power Management & Multimarket 1,794 31 1,061 25 69 and achieve success. Chip Card & Security 666 11 494 11 35 Other Operating Segments 14 0 22 1 (36) Corporate and Eliminations (1) 0 (5) 0 80 Infineon’s microelectronic technologies are the key to a future Gross profit/Gross margin 2,080 35.9 1,647 38.1 26 worth living – with products that help improve the quality of life Research and development expenses (717) 12.4 (550) 12.7 30 Selling, general and administrative expenses (778) 13.4 (496) 11.5 57 and preserve natural resources. Operating income 555 525 6 Income from continuing operations 622 488 27 Gain (loss) from discontinued operations, net of income taxes 12 47 (74) We are fully committed to live up to this high aspiration. The Net income 634 535 19 acquisition of International Rectifier has been an important Segment Result/Segment Result Margin 897 15.5 620 14.4 45 Property, plant and equipment 2,093 1,700 23 step in the right direction. Total assets 8,741 6,438 36 Total equity 4,665 4,158 12 Net cash provided by operating activities from continuing operations 957 988 (3) Net cash used in investing activities from continuing operations (2,593) (272) (853) Systematic integration Net cash used in financing activities from continuing operations 1,363 (179)