Transcript
Investor and Analyst Call 12 June 2012
Peter Schiefer Division President Power Management & Multimarket (PMM)
Table of Contents
Overview
Growth Drivers and Market Opportunities
Mobile Devices & Cellular Infrastructure
Copyright © Infineon Technologies 2012. All rights reserved. 12 June 2012 Page 2
Disclaimer:
This presentation contains forward-looking statements about the business, financial condition and earnings performance of the Infineon Group.
These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual business development may therefore differ materially from what has been expected.
Beyond disclosure requirements stipulated by law, Infineon does not undertake any obligation to update forward-looking statements.
Summary
Power Supplies (SMPS) & DC/DC Conversion
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Europe NAFTA Japan APAC
Power Management & Multimarket (PMM) at a Glance
12 June 2012
[EUR m]
Revenue split by region*
Top customers
* Based on revenues by fulfillment region from 1st half FY2012.
Q1 F
Y09
Q1 F
Y10
Q1 F
Y11
Revenue and Segment Result development
Q1 F
Y11
237 242 268 256 222 227
55 54 69 64 40 32
23% 22% 26% 25%
18% 14%
0%
10%
20%
30%
0
100
200
300
Q1 FY11
Q2 Q3 Q4 Q1 FY12
Q2
PMM rev [lhs] PMM SR [lhs] SR margin [rhs]
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There are Seven Globally Defined Focus Application Segments for PMM
12 June 2012
Lighting
Mobile Devices
Smart Grid &
Periphe-rals
SMPS
Solar & Energy Storage
Power Conversion
and RF Applications
Computing DC-DC
Cellular Infra-
structure
More than 80% of Revenues Driven By Seven Major Applications
Revenue split by major application segments*
* Expected revenue split for FY 2012.
12 June 2012
SMPS
Mobile Devices
Computing DC-DC
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Cellular Infrastructure
Smart Grid & Peripherals
Lighting
Solar & Energy Storage
Highlights
7%
8%
8%
8%
9%
IR
Vishay
Toshiba
STMicro
Infineon
Power discretes 2010*
* Source: IMS Research „Power Semiconductor Discretes & Modules“, August 2011.
Infineon„s Market Share for Power Discretes and Modules
12 June 2012
Innovative and optimized chip process technologies.
Tailored assembly and module technology.
Leading-edge manufacturing, e.g. 300mm power.
3%
13%
14%
20%
26%
Hitachi
Fuji Electric
Semikron
Infineon
Mitsubishi Electric
Power modules 2010*
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8% 9% 11%
#5 #4
#3
2006 2008 2010
Power MOSFET Position
Highlights
Market share track record and ranking**
10%
11%
11%
11%
13%
Vishay
Toshiba
Infineon
Fairchild
IR
MOSFETs 2010*
* Source: IMS Research „World Market for Power Semiconductor Discretes & Modules, Edition 2011“, August 2011. ** Source: IMS Research „World Market for Power Semiconductor Discretes & Modules, Edition 2008/2010.
Market Share Gain Track Record Discrete Power MOSFETS
12 June 2012
Market share gains over the last several years expected to continue via increased bundling of power discretes with power ICs.
Strong product portfolio and technology leadership is creating success in high margin markets, enabling reduction in gap to #1.
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Table of Contents
Copyright © Infineon Technologies 2012. All rights reserved. 12 June 2012 Page 8
Overview
Growth Drivers and Market Opportunities
Mobile Devices & Cellular Infrastructure
Summary
Power Supplies (SMPS) & DC/DC Conversion
Page 9 Copyright © Infineon Technologies 2012. All rights reserved.
Closer Look at Four Major Revenue Contributors Within PMM
12 June 2012
Lighting
Mobile Devices
Smart Grid &
Periphe-rals
SMPS
Solar & Energy Storage
Power Conversion
and RF Applications
Computing DC-DC
Cellular Infra-
structure
Table of Contents
Copyright © Infineon Technologies 2012. All rights reserved. 12 June 2012 Page 10
Overview
Growth Drivers and Market Opportunities
Mobile Devices & Cellular Infrastructure
Summary
Power Supplies (SMPS) & DC/DC Conversion
Page 11 Copyright © Infineon Technologies 2012. All rights reserved.
Smartphones and Netbooks Will Drive the Increase in Mobile Traffic
12 June 2012
Key Drivers
Global Mobile Data Traffic
Number of mobile devices sold increases.
Wider offer of consumer content by newer generation of devices.
Higher traffic generation by newer devices (smartphone generates data traffic equal to 24 basic feature phones).
Mobile network connection speeds increase.
Mobile Devices
Highlights
Products
Mobile Devices (Mainly Smartphones)
12 June 2012
First to deliver modules for simultaneous reception of both GPS and GLONASS signals.
ASM: outstanding CMOS RF technology.
TVS diodes: success with superior technology and competitive cost.
Addressed markets
Navigation (GPS, Glonass, Galileo, Baidu) LNA chip sets.
ASM (antenna switch module) CMOS switch.
ESD protection TVS diode.
Microphones ASIC, MEMS.
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Highlights
1%
2%
3%
17%
76%
Omron
Bosch
Analog Devices
Infineon
Knowles
Market position 2011*
* Source: IHS iSuppli, 2011. Market shares by silicon-based units. ** SNR: Signal-to-Noise Ratio.
Silicon MEMS Microphone
12 June 2012
Flexible business model combining Infineon‟s technology know-how in MEMS and ASIC design with customer expertise in acoustics and microphone packaging.
Leading edge roadmap to best-in-class SNR**, narrow sensitivity and high dynamic range for improved matching of multi-microphone and size reduction.
Market drivers
Trend to multi-microphone for noise-cancellation and stereo recording in smartphones.
Integration of additional functionality (e.g. digital interface).
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Highlights
2%
8%
17%
18%
53%
Cree
Sumitomo
Infineon
NXP
Freescale
Market position 2011*
* Source: ABI Research RF Power Amplifiers October 2011.
RF Power Amplifier for Cellular Infrastructure
12 June 2012
Strong customer base (e.g. Ericsson, Huawei)
Roll-out of UMTS standard in emerging countries.
Upgrade to LTE standard in developed countries.
RF Power Amplifier
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Table of Contents
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Overview
Growth Drivers and Market Opportunities
Mobile Devices & Cellular Infrastructure
Summary
Power Supplies (SMPS) & DC/DC Conversion
Page 16 Copyright © Infineon Technologies 2012. All rights reserved.
Growth Drivers for AC/DC and DC/DC Power Conversion
12 June 2012
Significant importance of energy consumption
Globally, one new data center per week.
Energy consumption of up to 100 MW per data center (equal to ~80,000 households).
Highest efficiency of AC/DC and DC/DC power conversion is of utmost importance.
Social networks
Uploading of messages, photos, documents, audio files and videos is generating exabytes of data each year.
Cloud computing
Outsourcing of enter-prise computing power and storage.
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Modern Data Centers are Very Focussed on Efficiency and are Setting Benchmarks
CoolMOS™
Example: Facebook's first company-owned data center in
Oregon uses 38% less energy compared to their other facilities
Courtesy of Facebook
Power supply
12 June 2012
Courtesy of Facebook
As per US Environmental Protection
Agency (EPA), the carbon footprint of
data centers will exceed the airline
industry in 2012.
SM
PS
AC
/DC
DC
/DC
DC AC PFC
Primary
Side
PWM
OR-ing
CoolMOS™, SiC thinQ!™
& digital Power ICs
OptiMOS™ OptiMOS™
PoL PoL
PoL PoL
DC Primary
Side
PWM
OR-ing
E-fuse
&
Power
Distribution
DC
OptiMOS™, Driver ICs, DrMOS & Digital Power Controllers
Synchronous
Rectification
Synchronous
Rectification
Highest efficiency key
for today‟s computing
applications.
Computing applications
typically range from 50
W to ~3 kW.
Highest Efficiency in Power Architectures
Through System Understanding
12 June 2012 Page 18 Copyright © Infineon Technologies 2012. All rights reserved.
AC/DC and DC/DC
Advantages of Digital Power Management
Digital power Key Features
The “digital power” platform is a firmware based solution with fully integrated digital control loops.
Providing application flexibility and allows easy changes to meet rapidly changing market requirements.
Fast development (time to market) as most parameters can be modified „on the fly‟ via PC software.
Comprehensive and accurate control information accessible via controller‟s digital bus interface for advanced system power management.
Increased efficiency especially during light-load condition by changing control modes.
Dri
ve
r embedded
CPU
Driver
HV
startup
PWM
ADC
12 June 2012 Page 19 Copyright © Infineon Technologies 2012. All rights reserved.
Table of Contents
Copyright © Infineon Technologies 2012. All rights reserved. 12 June 2012 Page 20
Overview
Growth Drivers and Market Opportunities
Mobile Devices & Cellular Infrastructure
Summary
Power Supplies (SMPS) & DC/DC Conversion
Page 21 Copyright © Infineon Technologies 2012. All rights reserved.
Summary
PMM is one of Infineon‟s fastest growing segments.
Growth drivers are:
the need for ever higher energy efficiency;
digital power: digitally controlled AC/DC and DC/DC power conversion;
bundling of power discretes and power ICs;
social media, cloud computing;
mobile society (connectivity).
Infineon is best positioned at crucial products.
Book-Bill recovery in recent months bodes well for growth in current and future quarters.
Current foreign exchange trends are also helpful.
12 June 2012
12 June 2012
Financial Calendar
Date Location Event
31 Jul 2012* Q3 FY12 Results
29-30 Aug 2012 Frankfurt Commerzbank Sector Conference Week
26 Sep 2012 Munich Baader Investment Conference
14 Nov 2012* Q4 FY12 Results
15-16 Nov 2012 Barcelona Morgan Stanley TMT Conference
27-28 Nov 2012 Scottsdale, AZ Credit Suisse Technology Conference
* preliminary date
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12 June 2012
Institutional Investor Relations Contact
Ulrich Pelzer
Corporate Vice President
Finance, Treasury & Investor Relations
+49 89 234-26153 ulrich.pelzer@infineon.com
Joachim Binder
Senior Director
Investor Relations
+49 89 234-25649 joachim.binder@infineon.com
Holger Schmidt
Manager
Investor Relations
+49 89 234-22332 holger.schmidt@infineon.com
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