Annual Report 2022
Infineon Technologies AG
1
Contents
2 Infineon key data 3 Infineon at a glance
4 Management Board and
Supervisory Board
4 Letter to shareholders 8 The Management Board
10 Report of the Supervisory Board to the Annual General Meeting
18 | Combined Management Report | 84 | Consolidated Financial Statements |
19 | Business model | 85 | Consolidated Statement of |
26 | Group strategy | Profit or Loss | |
33 | Research and development | 85 | Consolidated Statement of |
36 | Internal management system | Comprehensive Income | |
39 | Review of the semiconductor | 86 | Consolidated Statement of Financial Position |
industry | 87 | Consolidated Statement of Cash Flows | |
41 | 2022 fiscal year | 88 | Consolidated Statement of Changes |
57 | Infineon on the capital market | in Equity | |
60 | Overall statement on Infineon's | 90 | Notes to the Consolidated |
financial condition | Financial Statements | ||
61 | Report on outlook, risk and | 164 | Further information |
opportunity | |||
164 | Responsibility Statement by | ||
76 | Infineon Technologies AG | ||
the Management Board | |||
79 | Corporate Governance | ||
165 | Independent Auditor's Report | ||
83 | List of references | ||
172 | Applications and product range | ||
176 | Chart overview | ||
176 | List of abbreviations | ||
177 | Financial calendar 2023 | ||
178 | Imprint |
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Further information | ||||
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Chart reference | ||||
(Chart overview on | p. 176) | |||
Reference | ||||
(List of references on | p. 83) |
Reference to external documents
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Infineon| Annual Report 2022
Management Board and Supervisory Board | Combined Management Report |
Infineon key data1
Fiscal year from 1 October to | 2022 | 2021 | |||||||||
30 September | |||||||||||
€ in | in % of | € in | in % of | ||||||||
millions | revenue | millions | revenue | ||||||||
Revenue by segment | 14,218 | 11,060 | |||||||||
Automotive | 6,516 | 45 | 4,841 | 44 | |||||||
Industrial Power Control | 1,790 | 13 | 1,542 | 14 | |||||||
Power & Sensor Systems | 4,070 | 29 | 3,268 | 29 | |||||||
Connected Secure Systems | 1,822 | 13 | 1,397 | 13 | |||||||
Other Operating Segments | 20 | 0 | 12 | 0 | |||||||
Corporate and Eliminations | - | - | - | - | |||||||
Revenue by region | 14,218 | 11,060 | |||||||||
Europe, Middle East, Africa | 3,399 | 24 | 2,773 | 25 | |||||||
therein: Germany | 1,594 | 11 | 1,278 | 12 | |||||||
Asia-Pacific (excluding Japan, Greater China) | 2,343 | 16 | 1,744 | 16 | |||||||
Greater China 2 | 5,204 | 37 | 4,195 | 38 | |||||||
therein: Mainland China, Hong Kong | 4,063 | 29 | 3,178 | 29 | |||||||
Japan | 1,415 | 10 | 1,094 | 10 | |||||||
Americas | 1,857 | 13 | 1,254 | 11 | |||||||
therein: USA | 1,564 | 11 | 1,027 | 9 | |||||||
Gross profit/Gross margin | 6,131 | 43.1 | 4,260 | 38.5 | |||||||
Research and development expenses | (1,798) | 12.6 | (1,448) | 13.1 | |||||||
Selling, general and administrative expenses | (1,565) | 11.0 | (1,354) | 12.2 | |||||||
Operating profit | 2,845 | 1,470 | |||||||||
Profit (loss) from continuing operations | 2,186 | 1,175 | |||||||||
Profit (loss) from discontinued operations, | |||||||||||
net of income taxes | (7) | (6) | |||||||||
Profit (loss) for the period | 2,179 | 1,169 | |||||||||
Segment Result/Segment Result Margin | 3,378 | 23.8 | 2,072 | 18.7 | |||||||
Property, plant and equipment | 5,545 | 4,443 | |||||||||
Total assets | 26,912 | 23,334 | |||||||||
Total equity | 14,944 | 11,401 |
Infineon| Annual Report 2022
Consolidated Financial Statements | Further information | 2 |
2022/2021 | Fiscal year from 1 October to | 2022 | 2021 | 2022/2021 | ||
30 September | ||||||
Change in | € in | € in | Change in | |||
% | millions | millions | % |
29 Cash flows from operating activities
from continuing operations | 3,986 | 3,063 | 30 | |||||
35 | ||||||||
Cash flows from investing activities | (2,441) | (2,284) | (7) | |||||
16 | ||||||||
Cash flows from financing activities | (1,869) | (885) | (111) | |||||
25 | ||||||||
Free Cash Flow 3 | 1,648 | 1,574 | 5 | |||||
30 | ||||||||
Depreciation and amortization | 1,664 | 1,513 | 10 | |||||
67 | ||||||||
Investments 3 | 2,310 | 1,497 | 54 | |||||
- | ||||||||
Gross cash position 3 | 3,717 | 3,922 | (5) | |||||
Net cash position 3 | (1,945) | (2,663) | 27 | |||||
29 | ||||||||
Basic earnings per share in € | 1.65 | 0.87 | 90 | |||||
23 | ||||||||
Diluted earnings per share in € | 1.65 | 0.87 | 90 | |||||
25 | ||||||||
Adjusted earnings per share in € - diluted 4 | 1.97 | 1.20 | 64 | |||||
34 | ||||||||
Dividend per share in € 5 | 0.32 | 0.27 | 19 | |||||
24 | ||||||||
Equity ratio 6 | 55.5% | 48.9% | ||||||
28 | ||||||||
Return on Capital Employed (RoCE) 3 | 12.6% | 8.4% | ||||||
29 | ||||||||
48 | ||||||||
Infineon employees as of 30 September | 56,194 | 50,288 | 12 | |||||
52 | ||||||||
1 Totals may differ due to rounding.
44 2 Greater China comprises Mainland China, Hong Kong and Taiwan.
3 | See the chapter "Internal management system" for definition. | p. 36 ff. | |
24 | |||
4 | See the chapter "Review of results of operations" for definition. | p. 51 | |
5 | A dividend per share of €0.32 for the 2022 fiscal year will be proposed to the Annual General Meeting on 16 February 2023. |
16 6 Equity ratio = Total equity / Total assets.
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(17)
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31
Management Board and Supervisory Board | Combined Management Report | Consolidated Financial Statements | Further information | 3 |
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 2022 fiscal year (ending 30 September), the Company reported revenue of approximately €14.2 billion with some 56,200 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).
Revenue
€14.218 bn | Dividend of |
+29% | 32 cents |
per share planned |
Segment Result
and Margin
€3.378 bn 23.8%
56,194
employees
Infineon| Annual Report 2022
Management Board and Supervisory Board | Combined Management Report | Consolidated Financial Statements | Further information | 4 |
Letter to shareholders |
Letter to shareholders
Neubiberg, November 2022
Over the next ten years, decarbonization and digitalization will profoundly change the world we live in. Only a major shift from fossil fuels to renewable energy and the corresponding restructuring of our energy system will limit global warming and preserve our planet's resources for future generations. Making that transition to a sustainable society and sustainable industry is only feasible with digital technology, which enables completely new solutions that make life better for us humans. The green transformation and the digital transformation go hand in hand.
Infineon is a key player in overcoming these global challenges. For me, it is a great honor as CEO since April 2022, to lead a company that provides the essential building blocks for a climate-neutral and digitized world, together with my colleagues on the Management Board. With its capacity for innovation, Infineon is an extraordinary company. I believe there is no better team and no better place to be working on a worthwhile future for the generations to come.
Challenging conditions for our business
Our macroeconomic and geopolitical environment is currently severely impacted by a number of factors. The war in Ukraine is causing not only unspeakable human suffering but also shortages and rising prices for energy and key raw materials. High rates of inflation are depressing demand and making central banks adopt more restrictive monetary policies. Climate change is having a noticeable impact, with increasingly extreme weather events. The coronavirus pandemic is not over and is continuing to impose restrictions on global supply chains. All these factors are having an adverse impact on economic growth.
Jochen Hanebeck
Chief Executive Officer
Infineon| Annual Report 2022
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Infineon Technologies AG published this content on 25 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 10:54:07 UTC.