Slides
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Q1 2025 Results
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. What do we do? Melexis engineers microelectronic solutions. Our technology makes cars and other products smarter, safer and greener. Our sensors capture data from the analog world and comprehend these data digitally. Our drivers make sure customers can bring their products to life.
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Process flow CHIP AND PACKAGE DESIGN WAFER PROBE FINAL TEST ASSEMBL Y WAFER FAB 1 3 2 4 5
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. AUTOMOTIVE ROBOTICS DIGITAL HEALTH ALTERNATIVE MOBILITY SUSTAINABLE WORLD Markets
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Growth trajectory Melexis target 2024-2030 ≥10 %CAGR AUTOMOTIVE SALES* *ASSUMPTION: 0% GROWTH FOR THE GLOBAL VEHICLE PRODUCTION GROWTH DRIVERS ￭ EV powertrain ￭ EV thermal management ￭ EV battery ￭ E-braking & E-steering ￭ Lighting ￭ Alternative mobility ￭ Sustainable world ￭ Robotics ￭ Digital health≥15 %CAGR BEYOND AUTOMOTIVE SALES
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. continents3 locations20 Sales & Applications Belgium – Ieper, Tessenderlo Greater China – Shanghai, Shenzhen, Taipei France – Sophia Antipolis, Paris Germany – Erfurt, Dresden Japan – Yokohama South Korea – Seoul Switzerland – Bevaix United States – Novi United States – San Jose Manufacturing Belgium – Ieper Bulgaria – Sofia France – Corbeil-Essonnes Germany – Erfurt Malaysia – Kuching Research & Development Belgium – Ieper, Tessenderlo Bulgaria – Sofia France – Sophia Antipolis, Paris Germany – Erfurt, Dresden, Düsseldorf Malaysia – Kuching Philippines – Manila Switzerland – Bevaix Ukraine – Kyiv
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. ● EV powertrain ● Thermal management ● Battery ● Interior and exterior lighting ● Motors (seat, window, HVAC, grille shutter) Electrification Premiumization ADAS ● E-braking and E- steering ● Dynamic lighting ● Time-of flight ● TPMS Melexis has a well diversified portfolio, limiting its dependency on the type of powertrain. Major automotive trends
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Serviceable addressable market (in EUR)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Serviceable addressable market (in EUR)
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EV POWERTRAIN In electric vehicles, the inverter converts DC power from the battery to AC power for the motor drive, which in turn transforms it into propulsion power. The efficiency of this system has a direct impact on the all-electric range, road performance and comfort. 2023 2028 Serviceable Addressable Market x2.3 x1 x20 17.8% 5 to 22 ICs ￭ AC phase current monitoring ￭ Rotor position sensing ￭ Power module temperature monitoring ￭ Safety cover open/close detection ￭ Power module signal filtering (snubber) Efficiency matters
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EV THERMAL MANAGEMENT 2023 2028 x2.1 x1 x20 15.7% 10 to 21 ICs In order to optimize energy while increasing the All Electric Range, a perfect thermal management system is key. Ideal performance of the battery requires a temperature between 20-40℃. Without the free heat of a classical ICE, the energy for heating & cooling the cabin needs to be optimized. ￭ Pressure monitoring ￭ T emperature monitoring ￭ Current consumption monitoring ￭ E-compressor current sensing ￭ Fast charge current monitoring ￭ Valve & pump positioning & controlling ￭ Refrigerant pressure sensing (Triphibian) Serviceable Addressable Market Optimizing energy consumption
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EV BATTERY 2023 2028 Serviceable Addressable Market x2 x1 x20 14.8% 4 to 18 ICs The high voltage battery stores electrical energy which powers the electric motor. It determines the range the vehicle can travel on a single charge. Its optimization is a game changer. Battery management systems ensure the safety and the longevity of the battery. ￭ Current monitoring ￭ Pressure monitoring ￭ T emperature monitoring ￭ Impedance sensing ￭ Thermal runaway detection Extending battery range, life and safety
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E-BRAKING & E-STEERING 8 to 13 ICs In the world of automotive innovation, sensor ICs act as the silent heroes, enabling precise control, responsiveness, reliability and safety. These technical marvels drive us on the journey from pumps & vacuum (mechanical) to the X-by-wire revolution (electronic). ￭ E-steering wheel angle position & torque sensing ￭ E-steering rack position sensing ￭ E-brake pedal position sensing ￭ E-brake caliper position & force sensing ￭ Rotor positioning for electric motors ￭ Park lock motor positioning & controlling ￭ Fluid level sensing 2023 2028 x4.1 x1 x20 32.4% x3 x4 Serviceable Addressable Market Higher safety level for (autonomous) cars
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INTERIOR & EXTERIOR LIGHTING 10 to 150 ICs Lighting is upgrading the interior and exterior of our cars. It brings comfort, safety and functionality. Lighting is the new differentiator for OEMs as well as for brand recognition. ￭ Interior ambient lighting ￭ Animated lighting ￭ Logo & grille illumination ￭ Daytime running light ￭ Rear lighting Serviceable Addressable Market x2.92028 x1 x20 23.4%2023 Functionality, personalization and premiumization
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Accurate Position 3D Force Compact T orque Robot to build Service Robotics Cobots Industrial Grippers Stationary Exoskeleton Autonomous E-bike T orque sensor Innovative sensing for Robotics & Alternative mobility Markets: Arcminaxis™ T actaxis™ Elaxis™
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Melexis is at the forefront of innovation
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Evolution Financials 2001-2025 Turnover Q1 2025: 198.2 mln EUR FY 2024: 932.8 mln EUR Gross result Q1 2025: 75.7 mln EUR (38.2%) FY 2024: 401.4 mln EUR (43.0%) Operating result Q1 2025: 29.0 mln EUR (14.6%) FY 2024: 219.9 mln EUR (23.6%)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Outlook Despite a weaker EUR/USD exchange rate of 1.09 (previously 1.03), Melexis confirms its outlook for sales to be around 400 million EUR for the first half of 2025. For the same reason, Melexis now expects a gross profit margin around 39% (previously around 40%) and an operating margin around 15% (previously around 16%) for the first half of 2025. For the full year 2025, Melexis expects CAPEX to be around 50 million EUR. Q1 2025 results at a glance Sales 198.2 mln EUR -18% Y-o-Y Gross margin 38.2% 75.7 mln EUR -29% Y-o-Y Operating result 14.6% 29.0 mln EUR -55% Y-o-Y Net result 0.61 EPS 24.6 mln EUR -54% Y-o-Y Operating cash flow (before working capital changes) 40.7 mln EUR -46% Y-o-Y Net debt 182.8 mln EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Profit & loss Q1 2025 versus Q1 2024 versus Q4 2024 P&L account (in million EUR) Q1 2025 % of Sales Q1 2024 % of Sales Q4 2024 % of Sales Sales Cost of goods sold 198.2 -122.6 100.0% -61.8% 241.8 -135.0 100.0% -55.8% 197.4 -119.8 100.0% -60.7% Gross margin R&D G&A Selling 75.7 -28.4 -13.5 -4.8 38.2% -14.3% -6.8% -2.4% 106.8 -26.9 -11.5 -4.6 44.2% -11.1% -4.8% -1.9% 77.6 -30.2 -14.2 -5.6 39.3% -15.3% -7.2% -2.8% EBIT Net financial result Income taxes 29.0 -0.5 -3.9 14.6% -0.2% -2.0% 63.7 -1.4 -9.4 26.4% -0.6% -3.9% 27.6 -8.1 -1.2 14.0% -4.1% -0.6% Net profit 24.6 12.4% 52.9 21.9% 18.3 9.3% Earnings per share 0.45 1.31 0.45
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Balance Sheet Q1 2025 versus Q1 2024 versus Q4 2024 Balance Sheet (in million EUR) Q1 2025 Q1 2024 Q4 2024 T otal assets 904.9 893.6 894.3 Current assets Cash Inventory A/R Trade 34.8 281.8 101.6 35.7 257.7 117.2 32.7 262.8 102.2 Non-current assets 396.2 436.1 421.7 Shareholders' equity 576.2 602.0 567.5 Interest bearing debt Long term Short term 217.7 205.4 12.3 173.5 173.5 0.0 213.3 207.5 5.8
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Free cash flow of 11 mln EUR 15 mln EUR own shares bought Q1 2025 cash flow Mln. EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Dividend yield Based on average share price Gross dividend per share (EUR) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (*) 2024 0.60 0.00 0.30 0.60 0.65 0.70 1.00 1.90 2.00 2.10 2.20 1.30 2.20 2.60 3.50 3.70 3.70 (*) final dividend payable as from May 22, 2025
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Shareholder structure and shareholder return
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. INDUSTRY FIRST 1996 Programmable linear Hall sensor 2001 LIN system basis chip 2004 Single chip smart LIN 2005 Triaxis® magnetic sensor 2007 Integrated infrared thermometer (FIR) 2010 Single chip sensor- less BLDC motor drive solution 2011 • Fully integrated passive entry automotive qualified NFC • 3D camera sensor 2012 • Single chip LIN RGB driver • SENT pressure sensor • 16x4 infrared array 2013 • Programmable Hall sensor for high performance current sensing • End-of-line programmable Hall latches 2014 • WPC & NFC automotive solution • Programmable 2- wire Hall sensor with integrated capacitor • Triaxis® micropower magnetometer for automotive • Time-of-flight 3D camera IC 2015 Thermocouple Interface with on-board diagnostic featuring SENT 2016 • Smallest Tire Pressure Monitoring Sensor (TPMS) IC • Far Infrared Thermal (IR) sensor array 2017 • Time-of-flight chipset • Dual die L&S sensor 2018 • ASIL ready Triaxis® Position sensor IC • Hall-effect current sensors 2019 • Automotive grade single-chip VGA time-of-flight sensor • Miniature medical grade infrared temperature sensor 2020 Multi-channel RGB-LED driver enabling high-speed light animations (MeLiBu®) 2022 • T actaxisTM gives robot a sense of touch • Revolutionary floating switch • Pico-resolver • Most accurate automotive pressure sensor IC ever made • Dual quadrature outputs L&S • Triaxis® PCB-less dual stack dies 2021 Synthetize inductive resolver 2023 • First contactless temperature to be integrated in a smartwatch. • Accurate Hall-Effect DC current sensor IC 2024 • Triphibian MEMS pressure sensor for gas and liquid media from 2 to 70 bar • Induxis® inductive switch with integrated coils 2025 • Automotive driver supporting up to 500 RGB LEDs (MeLiBu®) allowing more differentiated offerings
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Karen van Griensven CFO Philip Ludwig Investor Relations investor@melexis.com Melexis Investor Relations