OSRAM Kulim Opening 2017

Transcription

1 OSRAM Kulim Opening 2017 November 23, 2017 Light is OSRAM

2 Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. has based these forward-looking statements on its current views and expectations and on certain assumptions of which many are beyond s control. Actual financial performance could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forwardlooking statements. The information contained in this presentation is subject to change without notice and does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. This presentation includes references to non-ifrs financial measures, including, but not limited to: FCF, EBITDA, EBITA, EBIT, EBITDA margin, capital expenditure, capital expenditure as percentage of revenue, net financial debt, and net working capital. We have provided these measures and other information in this presentation because we believe they provide investors with additional information to assess our performance. Our use of these supplemental financial measures may vary from others in our industry and should not be considered in isolation or as an alternative to our results as reported under IFRS. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. 2

3 Three pillar strategy Opto Semiconductors Specialty Lighting Lighting Solutions & Systems 3

4 Global Digitalization Trends driving OSRAM s future Illuminating Sensing Market: ~ 30bn Growth: % Market: ~ 5bn Growth: > +20% Visualizing Treating Market: ~ 10bn Growth: ~ +10% Market: ~ 5bn Growth: > +10% Source: OSRAM, Analysis of 28 market segments with internal and external sources, Market: 2017, growth: p.a. 4

5 Opto Semiconductors (OS) OS SP LSS Segment revenue 1.7 bn adj. EBITDA 473m adj. EBITDA margin 28.1 % Free cash flow 62 m Industry position Global No. 2 Market size in bn Financials based on FY17 Growth drivers: Automotive Smartphone General Lighting Infrared 5

6 Profitable Opportunities ahead OS SP LSS CONCEPTUAL New biz opportunities for OS IHS 2015 OS Market Visualization and Sensing General Lighting Backlighting Premium, IR Emitter, Laser

7 New Applications and a compelling Strategy are expected to generate double digit Growth OS SP LSS Focus Applications OS Strategy OS revenue development ( bn) Visualization and Sensing Shape the future Win in new business opportunities General Lighting Premium, IR Emitter, Laser Gain competitive scale Mega -sites in a lowcost-locations (Kulim, Wuxi) Grow the core Strengthen technology leadership e 19e 20e Adj. EBITDA margin Peer group 1) 20 24% Target range OS 25 29% 1) Infineon, ams AG, Seoul Semiconductor, Cree, Epistar, Everlight Electronics, HC Semitek, TI, Renesas 7

8 OS in a leading industry Position Technology, scale and factor cost OS SP LSS 1 1. Technology Leading in technology 2. Scale and 3. Factor Cost Best factor costs and right economies of scale Best in Class & Market Leadership Revenue growth Innovation Profitability Kulim: Worldwide largest 6 inch LED fab is starting production Construction on time (March 2016 November 2017) Finished below budget Production ramp up in November, 2017 Faster start of Premium production 8

9 Specialty Lighting (SP) OS SP LSS Segment revenue 2.3 bn adj. EBITDA margin 14.7 % Adj. EBITDA 339 m Free cash flow 235 m Automotive Industry position 1) Global No. 1 Market size in bn ) In Automotive lighting, Financials based on FY17 Entertainment Growth drivers: Automotive Entertainment Industry 9

10 Lighting Solutions and Systems (LSS) OS SP LSS Segment revenue 1.0 bn adj. EBITDA margin -2.1 % adj. EBITDA -21 m Free cash flow -68 m Market size in billion Growth drivers: Energy saving Beyond lighting Industrial sites City beautification Financials based on FY17 10

11 Digitalization and new Applications are creating significant Market opportunities for OSRAM Illuminating Sensing Autonomous driving with OSRAM Digital communication with OSRAM Visualizing Treating Rear light Gesture recognition Interior lighting Ambient lighting Adaptive cruise control system (LIDAR) Pre crash sensing (LIDAR) Rain sensor LED / Laser head-up display Headlamp (e.g. laser, matrix) Iris scan or facial recognition Indicators Ambient light sensor/ proximity sensor Gesture recognition LED Flash IR remote control Eye tracking Ambient light sensor Driver monitoring Side view and lane detection Daytime running light 3-D environment detection (LIDAR) Facial recognition Iris-Scanning Bio-Monitoring Display backlighting Wellbeing with OSRAM Wearables Entertainment with OSRAM Concerts OSRAM equips Smart Cities LED-indoor luminaires Access control and components Personalized advertising Indoor-Navigation Light management systems Baby monitoring Shows & Events Studio, TV & Film Mobile Food-Analysis Stage & Theatre Cinema Integrated sensors for traffic detection and traffic control Security applications Wireless networks for park management Intelligent LED-street lights 11

12 OSRAM Kulim Opening 2017 November 23, 2017 Light is OSRAM