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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 1
Presentation results Q1 2019
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We create innovative micro-electronic solutions for the best imaginable future
What do we do?
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Idea
Chip design Wafer probe Final test
Customer
AssemblyWafer fab
1 2 3 4 5
Typical process flow
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Organic growth, selective
acquisitions
Melexis strategy
Leadership in sensing and
driving solutions
to ourcustomers’ advantage
Focus on innovation in
automotive and adjacent markets
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Common denominator: sensing & driving is everywhere
Home
Industry Healthcare
Consumer
Automotive
Motorcycles and e-bikes
6
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Melexis supplied in 2018 worldwide > 1.4 billion ICswith an average of 11 ICs / car
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Sense & Drive• Magnetic position sensors
• Inductive position sensors
• Current sensors
• Latch & switch
• Embedded drivers
• Smart drivers
Sense & Light• Pressure sensors
• Tire monitoring sensors
• Temperature sensors
• Optical sensors
• Sensor interfaces
• Embedded lighting
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11 chipsin everynew car
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Sales & ApplicationsBelgium – Ieper, TessenderloGreater China – ShanghaiFrance – Grasse, ParisGermany – Erfurt, DresdenJapan – YokohamaUSA – Nashua, Detroit, San JoseSouth Korea – SeoulSwitzerland - Bevaix
ManufacturingBelgium – IeperBulgaria – SofiaFrance – Corbeil-EssonnesGermany – ErfurtMalaysia – Kuching
Research & DevelopmentBelgium – Ieper, TessenderloPhilippines – Manila Bulgaria – SofiaSwitzerland - BevaixFrance – Grasse, ParisUkraine – Kiev Germany – Erfurt, Dresden, DüsseldorfUSA – Nashua
Over 1500 people on 3 continents
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Melexis vs Automotive Trends
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Melexis vs Automotive Trends
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Powertrain SystemsLevels of Electrification
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Powertrain Systems
ICE insideElectrification
Electrification – Segmentation – Market Split
Source: Strategy Analytics and Melexis estimates
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Internal Combustion Engine (ICE + uHEV) 48 Volt Mild Hybrid (mHEV)
Full Hybrid (fHEV) - Plug-In Hybrid (pHEV) Electrical Vehicle (BEV – FCEV)
Pow
ertrain System
s
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Powertrain Systems
Source: Strategy Analytics and Melexis estimates
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ChassisBreaking – Steering – Suspension
Body Lighting – HVAC - Others
Safety (Passive)
Ch
assis -B
od
y -Safety System
s
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Chassis – Body – Safety Systems
Source: Strategy Analytics and Melexis estimates
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Melexis in automotive
Source: Strategy Analytics and Melexis estimates
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BMW 530e
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Melexis beyond automotive
• White goods – Focus on CO2
• Motorcycles and e-bikes
• Industry 4.0 – Closed loop control
• Robotics – Focus on autonomy
• Drones
• Thermal information – People detection
• Environmental imaging
• Industrial position sensing
• Power monitoring & motor control
Sensors & drivers for similar challenges
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Our market position
Automotive semiconductors
Automotive sensors Magnetic sensors
Magnetic position sensors
Latch & switch
Ambient lighting
# 14 # 3# 3 # 1
Source: Strategy Analytics 2019 and Melexis estimates
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Melexis ranking 14th in automotive semiconductor
Source: Strategy Analytics 2019
607
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% changey-o-y
mln. USD
Automotive semiconductor sales 2018 (mln. USD)5 year CAGR (2013-2018)
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Melexis ranking 3rd in automotive sensors
Source: Strategy Analytics 2019
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Automotive sensor sales 2018 (mln. USD)5 year CAGR (2013-2018)
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TurnoverQ1 2019: 116.5 mln EURFY 2018: 569.4 mln EUR
Gross profit marginQ1 2019: 40.1%FY 2018: 45.9%
Operating marginQ1 2019: 13.5%FY 2018: 24.3%
Evolution financials 2000-2019
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% ASSP sales % automotive sales
64%
30%
35%
40%
45%
50%
55%
60%
65%
70%
2005 2007 2009 2011 2013 2015 2017 2019
92%
60%
65%
70%
75%
80%
85%
90%
95%
2005 2007 2009 2011 2013 2015 2017 2019
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Q1 2019 results at a glance
Sales116.5m EUR
-16% Y-o-Y
Gross margin40.1%
46.8m EUR-26% Y-o-Y
Operating result13.5%
15.7m EUR-54% Y-o-Y
Net result0.35 EPS13.9m EUR
-52% Y-o-Y
Oper. cash flow(before wcap change)
28.4m EUR-31% Y-o-Y
Net cash4.6m EUR
OutlookMelexis expects sales in the second quarter of 2019 to be in the range of 117-123 million euro, with a gross profit margin
around 41% and an operating margin around 14% at the midpoint of the sales guidance.Melexis expects its full year 2019 sales level to remain below the previous year. Gross profit margin is expected to be in the
range of 41-43% taking into account a EUR/USD exchange rate of 1.13.
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Profit & lossQ1 2019 versus Q1 2018 versus Q4 2018
P&L account(in million EUR)
Q1 2019 % of Sales Q1 2018 % of Sales Q4 2018 % of Sales
Sales 116.5 100.0% 139.3 100.0% 141.6 100.0%
Cost of goods sold -69.8 -59.9% -76.2 -54.7% -77.5 -54.7%
Gross margin 46.8 40.1% 63.1 45.3% 64.2 45.3%
R&D -19.8 -17.0% -18.5 -13.3% -20.8 -14.7%
G&A -7.6 -6.5% -6.9 -4.9% -7.9 -5.6%
Selling -3.7 -3.1% -3.4 -2.4% -3.6 -2.5%
EBIT 15.7 13.5% 34.3 24.6% 31.9 22.5%
Net financial result -0.3 -0.3% 1.1 0.8% 0.5 0.4%
Income taxes -1.5 -1.3% -6.7 -4.8% -4.0 -2.8%
Net profit 13.9 12.0% 28.8 20.7% 28.5 20.1%
Earnings per share 0.35 0.71 0.70
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Balance sheet Q1 2019 versus Q1 2018 versus Q4 2018
Balance Sheet Q1 2019 Q1 2018 Q4 2018
Total assets 432.7 418.8 428.0
Current assets 243.4 258.0 240.5
Cash 39.6 71.8 34.5
Inventory 124.9 100.8 120.6
A/R Trade 65.7 72.8 75.2
Non-current assets 189.3 160.8 187.6
Shareholders' equity 340.3 323.1 326.0
Interest bearing debt 35.0 15.0 35.0
Long term 34.0 15.0 34.0
Short term 1.0 0.0 1.0
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Dividend yield Gross dividend per share(EUR)
2002 0.50
2003 0.50
(*) 2004 1.00
2005 0.50
2006 0.50
2007 0.60
2008 0.60
2009 0.00
2010 0.30
2011 0.60
2012 0.65
2013 0.70
2014 1.00
2015 1.90
2016 2.00
2017 2.10
(**) 2018 2.20
(*) incl. 0.72 cap.decr(**) 0.90 final dividend payable as from April 26, 2019
Based on average share price
0%
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EUR
Dividend (EUR) Capital reduction (EUR)
Yearly dividend return (%) Average dividend return (%)
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Shareholders structure & shareholder return
53.58%
0.86%
45.57%
Shareholder structure on 31 Mar 2019
Xtrion
Treasury Shares
Public
0
20
40
60
80
100
120
140
160
2002 2004 2006 2008 2010 2012 2014 2016 2018
Share price Total return (incl. reinvestment of gross dividend)
Return investment 2002-2019 = 16% per year
Shareholder Return 2002-2019
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Melexis Investor Relations
Karen van GriensvenCFO
Geert ReyndersInvestor Relations
Joren VanvelkFinancial Analyst
+32 (0)13 67 07 79