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Third Quarter FY 2021 Quarterly Update

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Third Quarter FY 2021 Quarterly Update Third Quarter FY 2021 Quarterly Update Infineon Technologies AG Investor Relations 1 Infineon at a glance Addressing long-term high-growth trends Illustrative aggregated FY20 revenue by segment › IoT (edge comp., data center, 5G, sensing, connectivity) 14% › electro-mobility Automotive (ATV) Industrial Power Control (IPC) 43% › assisted driving, autonomous driving Power & Sensor Systems (PSS) 29% › energy efficiency, renewables, EV infrastructure Connected Secure Systems (CSS) › security 14% Financials Illustrative aggregated FY20 revenue by product category [EUR m] 8,567 9000 8,029 7,063 7,599 ~5% memories for 6,473 specific applications 6000 ~10% RF & sensors 17.1% 17.8% 16.4% 3000 15.2% 13.7% embedded control ~30% and connectivity 982 1,208 1,353 1,319 1,170 0 ~55% power semi- FY16 FY17 FY18 FY19 FY20 conductors Revenue Segment Result Margin of total revenue ATV IPC PSS CSS 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 2 Illustrative aggregated FY20 revenue including contribution from Cypress of ~€1,900m from 1 Oct 2019 through 30 Sep 2020 Illustrative aggregated FY20 revenue of ~€9,600m by target application industrial and consumer IoT; 10% powertrain ICE; 8% xEV (incl. MHEV); 5% payment, identification, ticketing; 4% other PSS; 2% CSS safety excl. ADAS; 6% industrial; 7% 14% ADAS; 4% ATV consumer; 6% PSS 43% 29% comfort, premium; 12% smartphones; 5% IPC communications; 3% 14% infotainment; 2% computing; 6% other ATV; 6% other IPC; 1% drives; 4% power infrastructure; 1% transportation; 2% renewables; 4% home appliances; 2% 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 3 Infineon is a global top-10 player, #1 in power semiconductors, and ranked #3 in the overall microcontroller market Semiconductor suppliers Power discretes and modules MCU suppliers 2020 total market: $473bn1) 2019 total market: $21.0bn2) 2020 total market: $17.3bn1) Intel 16.1% Infineon 19.0% Renesas 17.1% Samsung 12.0% ON Semi 8.4% NXP 16.7% SK Hynix 5.6% STMicro 5.8% Infineon 14.6% Micron 4.7% Mitsubishi 5.5% STMicro 14.5% Qualcomm 4.1% Toshiba 4.5% Microchip 12.7% Broadcom 3.8% Vishay 3.8% Texas Instr. 7.3% Texas Instr. 3.0% Fuji Electric 3.7% Nuvoton 2.3% Nvidia 2.8% Renesas* 2.8% Samsung 1.4% Infineon 2.4% ROHM 2.4% Toshiba 1.2% MediaTek 2.4% Nexperia 2.4% Silicon Labs 1.1% * Renesas acquired Integrated Device Technology in March 2019. Both companies were combined as Renesas in the 2019 ranking. 1) Based on or includes research from Omdia: Annual 2001-2020 Semiconductor Market Share Competitive Landscaping Tool – Q4 2020. March 2021. 2) Based on or includes research from Omdia: Power Semiconductor Market Share Database – 2020. September 2020. Results are not an endorsement of Infineon Technologies AG. Any reliance on these results is at the third party’s own risk. 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 4 Infineon offers a unique portfolio that links the real and the digital world Coin cell-powered devices Battery-powered devices Power supplies Information and data Industrial IoT about the real world Drives Connectivity Smart Home Real-world Software Digital applications Ecosystem world Smart City Consumer IoT Value addition and optimized use of resources Smartphones Health care products Automotive Sense: sensors Compute: microcontrollers, memories Actuate: power semiconductors Connectivity: Wi-Fi, Bluetooth, USB 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 5 Outlook for Q4 FY21 and FY21 Outlook Q4 FY21* Outlook FY21* Revenue ~ €2.9bn ~ €11.0bn Segment Result Margin ~ 19% > 18% Investments in FY21 ~ €1.6bn D&A in FY21 €1.5bn – €1.6bn** Free cash flow in FY21 ~ €1.5bn (prev.: > € 1.2bn) * Based on an assumed average exchange rate of $1.20 for €1.00 ** Including the effects of the purchase price allocation for Cypress and, to a lesser extent, International Rectifier 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 6 Reaping of synergies on track Planned ramp-up of cost synergies Planned ramp-up of revenue synergies €180m €1.5bn P2S for G&A long-term revenue synergies €1bn S&M Near-term R&D revenue synergies: improved customer access, COGS cross-selling opportunities end FY20 mid FY21e mid FY22e mid FY23e* FY22e FY25e FY28e Expected integration and restructuring costs equivalent to ~1x cost synergies one-off over time. * Expected cost synergies of €180m p.a. gradually ramping up over approximately three years after closing (16 April 2020). 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 7 Infineon’s through-cycle target operating model Target Operating Model Infineon financial performance to approach targets as Cypress integration progresses Revenue growth 9%+ Segment Result Margin 19% Investment-to-sales 13% 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 8 ESG: targets and achievements 9 Our products and innovations together with an efficient production are key elements to deal with climate change We contribute a CO2 reduction of more than 54 million tons * * The increase in the burden of CO2 equivalents can mainly be explained by including manufacturing service providers for the first time into the calculation Our net ecologic CO2 benefit is equal to… The average annual 50,000 fully occupied flights of The savings of a 1,874 km ² electricity consumption of about an Airbus A380 from Munich to photovoltaic powerplant.3) 90 million people living in Singapore.5) Europe.4) For explanatory notes see appendix 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 10 Infineon will become carbon-neutral by 2030 70% CO2 emissions reduction target in 2025 (scope 1 and 2 emissions) 1. Avoiding direct emissions and further reducing energy consumption 2. Purchasing green electricity with guarantees of origin for unavoidable emissions 3. Compensate the smallest part by certificates that combine development support and CO2 abatement Abatement of Perfluorinated Compounds (PFC’s)1) is one of the most important measures avoiding direct emissions. Normalized PFC emissions rate in tons of CO2 equivalent per square meter wafer Infineon WSC 2020 target 2016 2017 2018 2019 2020 Historically, Infineon's normalized emission rate has been below WSC 2020 target of 2.2 in tons of CO2 per square wafer 1) Namely perfluorinated and polyfluorinated carbon compounds, sulfur hexafluoride (SF6) and nitrogen trifluoride (NF3) 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 11 External recognitions confirm our engagement in contributing to a sustainable society Rating/Score Scale Date CCC to AA 02/2021 MSCI ESG AAA B climate scoring F to A 12/2020 CDP B water scoring Ecovadis 98th percentile “Gold” award 0 to 100 11/2020 81 Dow Jones Sustain- 0 to 100 11/2020 Dow Jones Sustainability Index ability™ World and Europe Index listing Ethibel Sustainability Index Index member - 05/2020 Excelence Europe” B- D- to A+ 01/2021 ISS ESG Corporate Rating Prime Status FTSE4Good Index Index member - 06/2021 Euronext Vigeo Eurozone 120 Index Indices member - 06/2020 Euronext Vigeo Europe 120 Index Sustainalytics 77 “Outperformer” level 0 to 100 06/2020 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 12 Automotive 13 ATV at a glance ATV revenue and Segment Result Margin FY20 revenue split by product group [EUR m] memories CAGR(FY16-FY20): 7.5% MCUs 4.000 3.284 3.503 3.542 25% 3.500 2.989 2.369 3.000 2.656 2.500 15% 16% 2.000 14% 14% 16% 1.500 12% 5% 1.000 4% 500 sensors 0 -5% FY16 FY17 FY18 FY19 FY20 H1 FY21 power (incl. SiC) ATV revenue ATV Segment Result Margin Key customers 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 14 Market outlook for ATV division’s target applications Applications Market Outlook for CY21 Market Outlook for CY22 › CY21 market recovery hindered by semiconductor › Gradual easing of semiconductor shortages is expected shortages as well as new COVID-19 outbreaks › Uncertainties around COVID-19 pandemic into CY22 › Continued market uncertainties mainly due to COVID-19 pandemic › Around 90m light vehicles expected to be produced › Incentives and CO2 regulations should keep demand high › Electro-mobility momentum expected to continue › Improving consumer sentiment around sustainability › Government incentives, CO2 regulations as well as theme consumer demand expected to support the growth › Steady investments in EV charging infrastructure further momentum lowers reservation towards EVs › Further increase in L1 and L2 penetration expected › L1 and L2 will see strong growth at the expense of L0 › L2+ shipments still at the inital phase › L2+ shipments will grow from a comparatively small base 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 15 Infineon’s top market position is built on system competence based on an industry-leading product portfolio Automotive semiconductors (2020 total market: $35.0bn) › Strengthened #1 position; increasing distance to #2 Infineon 13.2% › #1 in power semiconductors NXP 10.9% › Undisputed #1 in automotive NOR Flash memory ICs Renesas 8.5% › #2 position in sensors TI 8.3% › Solid #3 position in microcontrollers due to strong demand in STMicro 7.5% AURIX™, TRAVEO™ and PSoC™ families Sensors Microcontrollers Power semiconductors Bosch 22.2% Renesas 26.7% Infineon 30.2% Infineon 15.5% NXP 26.3% STMicro 16.3% ON Semi 10.0% Infineon 16.9% TI 10.3% Melexis 8.6% TI 9.8% ON Semi 7.1% NXP 7.3% Microchip 6.9% Rohm 5.9% Strategy Analytics: Automotive Semiconductor Vendor Market Shares. April 2021. 2021-08-03 Copyright © Infineon Technologies AG 2021. All rights reserved. 16 Electro-mobility 17 During H1 CY21, xEV (PHEV + BEV) sales more than doubled y-y in all regions; market figures indicate no slow down of e-mobility boom +166% +155% +156% +195% [units k] 2,630 991 1,063 1,142 285 414 387 112 Jun 20 Jun 21 Jun 20 Jun 21 Jun 20 Jun 21 Jun 20 Jun 21 YTD YTD YTD YTD YTD YTD YTD YTD Source: IHS Markit: PEV Volumens, preliminary numbers.
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