Q1 2022 Soitec SA Corporate Sales Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Varun Rajwanshi - JPMorgan Chase & Co, Research Division - Analyst : I have a couple of questions, Paul. The first one is on your fiscal year '22 guidance. So you've guided for 40% constant currency revenue growth for this year. But if I look at the end market unit growth assumptions over the past couple of months, they have been coming down. So smartphone growth assumptions have come down from 10% to mid-single digit or auto unit growth assumptions have come down from mid-teens to low teens. So how does that stock up versus your fiscal year '22 guidance? Are you still comfortable on delivering the 40% guidance. Do you think this will be driven by restocking demand, even if end demand is not as strong. My second question is on FD-SOI. So you've been talking about a recovery in FD-SOI sales over the past few quarters. Can you provide more color on how much recovery have you seen? Any quantitative color? And do you still expect a significant step-up in growth going into the second half of this year? And then finally, on the POI business, can you give us the status of the capacity ramp at the Bernin III fab?

Question: Emmanuel Matot - ODDO BHF Corporate & Markets, Research Division - Analyst : Hello, everyone. I joined late the conference call, maybe you already talked about that. But have you given any color about volumes and pricing contributions to your Q1 sales growth? That's my first question. And second, is Soitec part of the transform consortium for silicon carbide in Europe? If yes, can you come back on it?

Question: Emmanuel Matot - ODDO BHF Corporate & Markets, Research Division - Analyst : Is that an exclusive relation with transform or not?