Deutsche Bank ADAS conference London, 21 June Anton Müller Senior Vice President Automotive

Transcription

1 Deutsche Bank ADAS conference London, 2 June 206 Anton Müller Senior Vice President Automotive

2 System leadership with most balanced portfolio in the market Global market shares 204 Delta 205 NXP (incl. FSL) 3.3% +0.9% 4.2% 2 Infineon 0.5% -0.% 0.4% 3 Renesas 2.0% -.7% 0.3% 4 STMicro 7.8% -0.% 7.7% 5 TI 6.% +0.9% 7.0% 6 Bosch 6.2% -0.8% 5.4% Others 25.8% Power 25.2% Market shares by product category Infineon +0.4%pt Others 35.0% Sensors 8.% Bosch.9% Toshiba 3.6% 5.6% 4.5% Renesas ST 8.9% 4.7% NXP 7.4% 9.% On Semi 6.7% 7.6% (incl. FSL) TI 8.6% 7.0% ADI NXP (incl. FSL) Allegro Bosch Melexis Source: Strategy Analytics, Vendor Ranking 205 April 206 (for company revenue 205 & 204) Infineon +0.4%pt Others nvidia 9.7% 3.5% Cypress 4.9% Microchip 5.4% TI Infineon -0.%pt Microcontrollers 8.5% 8.6% 26.6% 32.7% Renesas NXP (incl. FSL) 2

3 Four megatrends are shaping the automotive market, significantly increasing the semi content per vehicle ADAS/Autonomous driving From ADAS to semi-automated and finally autonomous driving Every world region is striving for 0-accident xev/emobility Mandated CO 2 reductions make electrification of powertrain inevitable Advanced connectivity is driven by making the car part of the Internet The car will be fully connected (V2I, V2V, in-vehicle) Connectivity Increased connectivity and software content increase risk exposure to hackers Internal/external connectivity must be secured Advanced security 3

4 ADAS system overview Sense Compute Actuate Sense Compute Actuate Camera Inside LIDAR Graphics Processor Powertrain Domain Controller Radar Camera Ultrasonic Outside Sensor Fusion µc Safety Domain Controller 4

5 More sensors required for each automation level sensor cocoon in level 4/5 Sense Sensor technologies 205 Euro- NCAP* 208 Euro- NCAP* Level 2 Level 3 Level 4/5 Front looking camera Front looking radar Front looking lidar Surround camera Corner radar Surround radar Rear looking camera Rear looking radar Driver monitoring Camera V2X sensor Parking aid Automated parking Up to 2 ultrasonic sensors per car Potential future replacement by RF CMOS radar Up to 2 SiGe radars per car (24/77 GHz) Radar Camera Lidar * Euro-NCAP is focusing on collision avoidance, requirements are increasing over time 5

6 Innovation for performance Innovation for cost Infineon market leader in radar; 20m sensor chips sold; ~50% CAGR 6-2 based on design wins Sense 205 radar sensor market share * NXP Infineon Vision Zero + Autonomous Driving STM ACC radar mid-range radar st radar product ewlb package mid- & longrange radar Dual Chip System solution: µc, power supply next gen. of mid- & long-range radar AURIX 3 rd gen., power supply SiGe st SiGe 77 GHz transceiver Blind Spot Detection (24 GHz) short to mid-range radar CMOS solution CMOS 2009 Today Tomorrow * Source: IHS Inc., Advanced Driver Assistance Applications Sensor Market Database H2 205, February 206 6

7 Depending on test cases, AEB will be either BiCMOS or CMOS Sense SiGe BiCMOS CMOS (< 40 nm) 77 GHz performance excellent ok f max > 400 GHz > 300 GHz Noise x 2x.. 3x System-on-chip capabilities good excellent 77 GHz automotivequalified product in high volume production not yet available Application ACC, Highway Assist AEB Parking Assist, Blind Spot Detection Today, SiGe is state of the art. Beyond 2020, CMOS will find its sweet spot in 360 applications. 7

8 Infineon s automotive offering in ADAS camera systems Sense Compute Driver monitoring Most robust detection of head position, head orientation and eye closure Observe the state of the driver and passengers Optimize head-up displays and augmented reality to driver s head position Front collision warning AURIX microcontroller is today the reference for safety allowing ASIL-D systems The safe & secure microcontroller is represented in most of today s camera systems OEMs prefer software on AURIX Kostal camera system REAL3 sensor Image processor e.g. + Infineon safe & secure µc 8

9 AURIX as market reference for safe and secure applications ADAS/AD Sensor fusion AURIX as main or host controller Domain control AURIX as real-time main controller Fusion Domain Gateway New infotainment Connectivity gateway AURIX as real-time main controller radar and camera CON Shipping 206 Radar and camera AURIX as main * or host controller Shipping 205 Shipping 207 Always-on connectivity AURIX as host controller * for radar Shipping 206 More than $bn design win volume Shipping 208 9

10 Infineon AURIX microcontrollers make autonomous driving reliable Compute The central driver assistance ECU ( zfas * ) is the core of future systems for piloted driving for Audi Key components from Infineon, designed for reliability: AURIX controller as decision maker and interface to the car architecture DC-DC safety system supply Strategic cooperation with TTTech to enable zfas * based architecture and position Infineon as leading supplier * zfas = zentrales Fahrerassistenzsystem 0

11 30%+ higher BoM on fail operational systems in level 3-compliant vehicles P2S example: electric power steering Sense Compute Actuate System Electric motor Electronic control unit Courtesy: ZF Lenksysteme Sense Compute Actuate 2 independent dies multicore multi-phase control Safe power supply Infineon with 00% BoM coverage

12 Camera Radar Lidar Sensor Fusion Total BoM Camera Radar Lidar Sensor Fusion Actuators Total BoM Camera Radar Lidar Sensor Fusion Actuators Total BoM ADAS semi growth driven by radar and camera sensor modules Sense Compute Actuate Average ADAS semiconductor content per level of automation Level 2 Level 3 Level 4 $550 35% 0% 2% 8% $400 30% 5% 20% 0% 60% 0% 0% $00 45% 35% 40% Market take-off: (up to 30m vehicles p.a.) Key market driver: NCAP, Automatic Emergency Brake, Blindspot Detection Market take-off: (up to 0m vehicles p.a.) Key market driver: Automated Driving in specific situations (e.g. parking, highway) Market take-off: (up to 5m vehicles p.a.) Key market driver: Autonomous Driving 2

13 ADAS system chipset coverage by Infineon Sense Compute Actuate Camera Inside LIDAR Graphics Processor Powertrain Domain Controller Radar Camera Ultrasonic Outside Sensor Fusion µc Safety Domain Controller Partially covered by Infineon Fully covered by Infineon 3

14 Infineon is well positioned globally to benefit over-proportionally from xev boom Premium OEM Bolt Focus Kangoo A3 e-tron V60, Q5 A6 S60, XC90 Passat, Golf Jetta FCEV Soul EV LaCrosse, Regal, Malibu Pacifica PHEV Premium OEM Mass Market OEM Zoe E-Class S-Class B-Class 335i - 535i x5 2 series - x3 Ampera-e e-golf e-up Panamera Cayenne Bluecar Ray EV ix35 M Tong Yue China EV60 ROWE 550 EV50 EJ02 Optima/Sonata Grandeur Mass Market OEM Chery EQ Mass Market OEM 508RHX 3008 i3 i8 Qin / Tang Hybrid Bus DS5 Voleex C20R-EV 500EV EV in production EV future SOP HEV in production HEV future SOP Fuel Cell in production SOP = Start of production 4

15 xev growth driven by power semis Average xev semiconductor content by degree of electrification 48 V HEV / PHEV EV Adder for DCDC and starter/generator $338 Power $47 $29 Others $44 $76 Adder for DC-DC, inverter, onboard charger $338 Power $282 µc $5 $60 $5 Others Sensors $709 $372 Power $77 Sensors $387 Others $90 µc $49 $704 ICE total ICE total total 2020:.6m * 2020: 3.5m HEVs * 2020:.4m EVs *.9m PEHs * high growth for 48 V (not even including 48 V auxiliaries nor mild hybrid) PHEV to overtake HEV after 2020, especially in Europe * expected number of vehicles; source: IHS, Alternative Propulsion Forecast, January 206 strong growth driven by Chinese OEMs 5

16 # semi supplier of German premium OEMs Powered by Infineon Non-power 22% > $500 semiconductor content 78% Power 740e Plug-in hybrid Courtesy: BMW The expected big expansion of PHEV model line-up from premium OEMs will boost Infineon revenues 6

17 Infineon is ideally positioned to benefit most from megatrends ADAS, xev, and security ADAS/autonomous driving semiconductor market xev/electro-mobility semiconductor market [USD m] 6,700 [USD m] 4,740 3,827 3,050,80 ~30% 205 ~45% ~40%,380 ~80 ~80% ~80% higher market coverage driven by radar penetration, AURIX penetration and actuators high market coverage already in 205 will be kept with ramp-up of new power products (e.g. HybridPACK DSC and SiC MOSFETs) Source: IHS, Strategy Analytics, Infineon Addressed by Infineon Not addressed by Infineon 7

18 ADAS, CO 2 reduction and adoption of premium features drive Infineon growth Vehicle production Drivers for semiconductor content per car CO 2 reduction Advanced safety Comfort, premium Courtesy: BMW Courtesy: Audi ~2% growth p.a. Further growth in Western Europe, China, and ASEAN Electro-mobility gaining momentum, especially in China Driven by legislation Improvements of ICE (e.g. electric steering, electric pumps and motors) Adoption of EV/HEV Current: crash avoidance Next: assisted driving Future: autonomous driving Premium cars are early adopters of high-end comfort and safety features Trickling down to midrange ~8% p.a. through-cycle growth 8

19 Infineon automotive financials at a glance Revenue and segment result development [EUR m] +3% +5% +20% + low teens % FY2:,660 FY3:,74 FY4:,965 FY5: 2,35 FY % % 5% % Q FY2 Q2 Q3 Q4 Q FY3 Q2 Q3 Q4 Q FY4 Q2 Q3 Q4 Q FY5 Q2 Q3 Q4 Q FY6 Q2 Q3 5% 0% ATV revenue [lhs] ATV SR SR margin [rhs] 9

20 Infineon as best positioned semi player to overall benefit from two biggest megatrends Automotive market 50% of Infineon automotive market growth driven by ADAS/xEV Infineon addresses up to 80% of xev BoM and 40% of ADAS BoM Infineon ADAS #2 automotive semiconductor # power semiconductors Infineon ADAS. Infineon is the market leader for radar 2. Infineon develops camera solutions (e.g. driver monitoring, safety and security in front collision warning) 3. AURIX as ADAS market reference for safety and security applications (e.g. camera, sensor fusion) #2 sensor semiconductors #3 microcontrollers # xev semiconductors 20

21