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OFFON

INFINEON TECHNOLOGIES AG

(IFX)
  Report
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Infineon Technologies : Annual Report 2021

11/30/2021 | 07:01am EST

Annual Report 2021

Infineon Technologies AG

Contents

2

Infineon key data

49

Combined

152

Consolidated

3

Infineon at a glance

Management Report

Financial Statements

4

The segments

50

Business model

153

Consolidated Statement

5

Our year at a glance

52

Review of the semiconductor industry

of Profit or Loss

Management Board and

55

2021 fiscal year

153

Consolidated Statement

6

58

The segments

of Comprehensive Income

Supervisory Board

80

Research and development

154

Consolidated Statement

6

Letter to shareholders

88

Manufacturing

of Financial Position

10

The Management Board

92

Internal management system

155

Consolidated Statement

12

Report of the Supervisory Board

95

Sustainability at Infineon

of Cash Flows

to the Annual General Meeting

96

The Infineon share

156

Consolidated Statement

Business focus and strategy

99

Group performance

of Changes in Equity

20

109

Report on outlook, risk

158

Notes to the Consolidated

20

Business focus

and opportunity

Financial Statements

22

Growth drivers

124

Overall statement on Infineon's

Further information

35

Group strategy

financial condition

232

47

Human Resources strategy

125

Infineon Technologies AG

232

Responsibility Statement by the

128

Corporate Governance

Management Board

151

List of references

233

Independent Auditor's Report

240

Applications and product range


244

Chart overview

245

List of abbreviations

246

Financial calendar 2022

247

Imprint

1

Navigation in the report per mouse click

Last page viewed

Search

Main table of contents

Previous page

Next page

Further information

Page reference

Chart reference

(Chart overview on

  p. 244)

Reference

(List of references on

  p. 151)

Reference to external document

This interactive pdf is optimized for use with Adobe Acrobat.

Infineon Technologies|  Annual Report 2021

Management Board and

Business focus and strategy

Combined Management Report

Consolidated Financial Statements

Further information

2

Supervisory Board

Infineon key data1

Fiscal year from 1 October to 30 September

2021

2020

2021/2020

€ in

in % of

€ in

in % of

Change

millions

revenue

millions

revenue

in %

Revenue by region

11,060

8,567

29

Europe, Middle East, Africa

2,773

25

2,322

27

19

therein: Germany

1,278

12

1,056

12

21

Asia-Pacific (excluding Japan, Greater China)

1,744

16

1,291

15

35

Greater China

4,195

38

3,174

37

32

therein: Mainland China, Hong Kong

3,178

29

2,472

29

29

Japan

1,094

10

765

9

43

Americas

1,254

11

1,015

12

24

therein: USA

1,027

9

845

10

22

Revenue by segment

11,060

8,567

29

Automotive2

4,841

44

3,521

41

37

Industrial Power Control

1,542

14

1,406

17

10

Power & Sensor Systems

3,268

29

2,650

31

23

Connected Secure Systems 2

1,397

13

974

11

43

Other Operating Segments

12

0

16

0

(25)

Corporate and Eliminations

- 

- 

- 

- 

- 

Gross profit/Gross margin

4,260

38.5

2,776

32.4

53

Research and development expenses

(1,448)

13.1

(1,113)

13.0

30

Selling, general and administrative expenses

(1,354)

12.2

(1,042)

12.2

30

Operating profit

1,470

581

153

Profit (loss) from continuing operations

1,175

372

216

Profit (loss) from discontinued operations,

net of income taxes

(6)

(4)

(50)

Profit (loss) for the period

1,169

368

218

Segment Result/Segment Result Margin

2,072

18.7

1,170

13.7

77

Property, plant and equipment

4,443

4,110

8

Total assets

23,334

21,999

6

Total equity

11,401

10,219

12

Fiscal year from 1 October to 30 September

2021

2020

2021/2020

€ in

€ in

Change

millions

millions

in %

Net cash provided by operating activities

from continuing operations

3,063

1,817

69

Net cash used in investing activities

from continuing operations

(2,284)

(7,172)

68

Net cash provided by (used in) financing activities

from continuing operations

(885)

6,274

(114)

Free Cash Flow 3

1,574

(6,727)

123

Depreciation and amortization

1,513

1,260

20

Investments3

1,497

1,099

36

Gross cash position 3

3,922

3,227

22

Net cash position 3

(2,663)

(3,806)

30

Basic earnings per share in €

0.87

0.26

235

Diluted earnings per share in €

0.87

0.26

235

Adjusted earnings per share in €  - diluted 4

1.20

0.64

88

Dividend per share in € 5

0.27

0.22

23

Equity ratio

48.9%

46.5%

Return on equity 6

10.3%

3.6%

Return on assets 6

5.0%

1.7%

Inventory intensity6

9.3%

9.3%

Debt-to-equity ratio 6

57.8%

68.8%

Debt-to-total-capital ratio 7

28.2%

32.0%

Return on Capital Employed (RoCE) 3

8.4%

3.0%

Infineon employees as of 30 September

50,288

46,665

8

  1. Columns may not add due to rounding.
  2. The business with the XMC™ family of industrial microcontrollers was transferred from the Automotive segment to the Connected Secure Systems segment with effect from 1 October 2020. The previous year's figures have been adjusted accordingly.

3

See the chapter "Internal management system" for definition, 

  p. 93 f.

4

See the chapter "Review of results of operations" for definition, 

  p. 103.

5

A dividend per share of €0.27 for the 2021 fiscal year will be proposed to the Annual General Meeting on 21 February 2022.

6

See the chapter "Review of financial condition" for definition, 

  p. 103.

7

Debt-to-total-capital ratio = long-term and short-term financial debt divided by total assets.

Infineon Technologies|  Annual Report 2021

Management Board and

Business focus and strategy

Combined Management Report

Consolidated Financial Statements

Further information

3

Supervisory Board

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 2021 fiscal year (ending 30 September), the Company reported sales of approximately €11.1 billion with some 50,280 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).

Part of your life.

Part of tomorrow.

50,280

employees

#9

#3

in the entire semiconductor market R01

in microcontrollers R01

Infineon Technologies|  Annual Report 2021

Management Board and

Business focus and strategy

Combined Management Report

Consolidated Financial Statements

Further information

4

Supervisory Board

The segments

Automotive

Industrial Power Control

Power & Sensor Systems

Connected Secure Systems

  p. 60   p. 65   p. 70   p. 75

Key customers1

Key customers1

Key customers1

Key customers1

Aptiv / BorgWarner / Bosch / BYD /

ABB / Alstom / CRRC / Danfoss / Goldwind /

Airbus / Alibaba / Amazon / Baidu / Boeing /

CPI Card Group / Fitbit / Giesecke & Devrient /

Continental / Denso / Hella / Hitachi /

Inovance / LG Electronics / Midea / Rockwell /

Cisco / Dell / Delta / Ericsson / Goertek /

Harman / HP / Idemia / Lenovo / Microsoft /

Hyundai / Lear / Mando / Mitsubishi Electric /

Schneider Electric / Semikron / Siemens /

Google / Lenovo / Lite-On / Makita / Nokia /

Nintendo / Perfect Plastic / Seiko Epson / Sony /

Nidec / Preh / Valeo / Veoneer / Vitesco / ZF

SMA / Sungrow / Vestas / Yaskawa

Osram / Quanta / Samsung / SolarEdge / ZTE

Thales / US Government Publishing Office

Market position2

Market position2

#1 with a market share of 13.2%

#1 with a market share of 36.5%

for automotive semiconductors,

  R02 3

for IGBT modules,

  R03

#4 with a market share of 15.1%

#3 with a market share of 11.6%

for NOR Flash memory ICs,

  R01

for IPMs,

  R03

Market position2

#1 with a market share of 24.4% for power MOSFETs, R03

#1 with a market share of 44.2% for MEMS microphones, R04

Market position2

#1 with a market share of 24.6%

for secure ICs (excluding NFC), R05

#3 with a market share of 14.7% for microcontrollers, R01

Major distributions customers1

Arrow / Avnet / Future / Hakuto / Intron / Jingchuan / Macnica / Nexty / Rutronik / Weikeng / WPG Holding (SAC)

Please find a detailed presentation of the segments' target applications and product range in the chapter "Applications and product range", p. 240 ff.

  1. In alphabetical order.
  2. All figures for the 2020 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 2020 and 2019 market share figures as calculated in 2021. Due to changes in the way the market is analyzed, these figures may differ from the 2019 market share figures reported in 2020.
  3. A list of references can be found on p. 151.

Infineon Technologies|  Annual Report 2021

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Infineon Technologies AG published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 12:00:08 UTC.


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Sales 2022 12 863 M 14 664 M 14 664 M
Net income 2022 1 681 M 1 916 M 1 916 M
Net Debt 2022 2 553 M 2 910 M 2 910 M
P/E ratio 2022 30,2x
Yield 2022 0,79%
Capitalization 51 495 M 58 745 M 58 705 M
EV / Sales 2022 4,20x
EV / Sales 2023 3,77x
Nbr of Employees 50 288
Free-Float -
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Technical analysis trends INFINEON TECHNOLOGIES AG
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 39,57 €
Average target price 48,19 €
Spread / Average Target 21,8%
EPS Revisions
Managers and Directors
Reinhard Ploss Chief Executive Officer
Sven Schneider Chief Financial Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Manfred Puffer Member-Supervisory Board
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