#1Sensina Third quarter results 2023 Aldo Kamper, CEO Rainer Irle, CFO Dr Juergen Rebel, SVP Investor Relations 31 October 2023 amu OSRAM#2Disclaimer Part 1 IMPORTANT: The following applies to this document, which has been prepared by ams-OSRAM AG (the "Company" and together with its subsidiaries, the "Group") and comprises (i) the slides for a presentation on the Company's third quarter results for 2023, which include certain information in connection with proposed offerings of its no-par value shares and senior notes, (ii) the oral and, (iii) if any, video presentation (collectively, the "Information"), each of which should be considered together and not taken out of context. The Information is in summary form, is solely for your information and must not be relied upon for any purpose. It does not purport to contain all information required to evaluate the Company or the Group and/or its financial position. 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EBIT, ~10% CAPEX to sales 'Re-establish the base' program to achieve profit improvement Positive Free Cash Flow* starting in 2024 * Defined as Operating Cashflow - Capital expenditures + proceeds from divestments TAM CAGR ■ Revenue (FY22): 4.8bn€ Automotive 4 bn 13% ■ Adj. EBIT (FY22): 407m€ / 8% ■ Employees: ~20,000 Industrial / Medical 9 bn 4% 晶 Selected 4 bn 9% ■ Engineers: ~3,200+ high-volume ■ Patents: >15,000 Consumer 4#5Benefitting from structural growth and our strong position in Automotive, Industrial, Medical markets Growing from the core of sensor & emitter components by increasingly adding intelligence to drive system performance Total Addressable Semiconductor Markets* - application view 2022/CAGR** Automotive EUR 4 bn 13% CAGR Core Semiconductor Portfolio = Functional Applications Sensing Industrial/Medical EUR 9 bn 4% CAGR Selected high-volume Consumer applications EUR 4 bn 9% CAGR Intelligent sensors Sensors Leading positions Technology Leadership Innovation Emitters -------- ------- & Mixed Signal ICs & ams OSRAM market model due to lack of suitable external market models 2022 2026 CAGR due to 2022 was last full year actuals, and cyclical dip in 2023 => No dedicated market reports for ams OSRAM addressed application segments available 5 ** Intelligent emitters Illumination Visualization amu OSRAM#6Growth in core portfolio is driven by secular megatrends Automotive Industrial Medical Consumer படி Digitalization Projected lighting Smart surfaces Advanced displays (incl. microLED) • Industrial automation • Robotics Medical imaging Smart Living (IoT) Dynamic forward & signal lighting In-cabin sensing ADAS/AD (LIDAR) Home Automation Building Automation Energy efficiency & sustainability 6 • Ambient lighting, UV-C* disinfection *Ultra Violet light at 200-280 nm wavelength · Camera enhancement • Spectral & light sensing • AR/VR glasses sensing & visualization Outdoor lighting • Industrial lighting Personal & home care · Vital signs monitoring Horticulture LED + laser projection UV-C disinfection UV-C* disinfection • Enhanced display management Next generation displays (microLED) amu OSRAM#7Overview of Business Units and applications AUT = Automotive, I&M = Industrial & Medical, CON = Consumer Emitters (LED & laser) amin osk Sensors + ICS Automotive & Speciality Lamps AUT In-Cabin Sensing I&M Forward Lighting (FWL) High pixelated FWL AUT Signaling Display & HUD I&M Hyper-red LEDs Industrial & Outdoor CON 7 Sensing illumination AUT Medical imaging (e.g. CT Sensors) 1D/2D/3D sensing CON Camera enhancement Spectral & Ambient Light Sensing Flicker Detection SILVERSTAR ULTRA SYLVANIA Classic halogen & Xenon lamps LED replacement lamps LED standard lamps I&M Display Proximity Sensing Semiconductors Cinema amu OSRAM#8Addressed application segments grow faster than the overall market Semiconductor focus markets - product category view vs addressed application segment view Total Addressable Semiconductor Markets* - application view - 2022/CAGR** Automotive EUR 4 bn 13% CAGR Industrial/Medical EUR 9 bn 4% CAGR Selected high-volume Consumer applications EUR 4 bn 9% CAGR Optoelectronics & Sensors LED market (incl. microLED) Light sensors ~€17bn TAM *** of €66bn CAGR 3.1% ~74bn ~66bn overall market *ams OSRAM market model due to lack of suitable external market models 8 ** 2022 2026 CAGR due to 2022 was last full year actuals, and cyclical dip in 2023 CAGR 3.4% ~14bn ~16bn CAGR 8.2% ~2.2bn ~3.1bn (Source: WSTS) ■2022 2026 (Source: Trendforce) 2022 2026 (Source: WSTS) 2022 2026 *** Total Addressable Semiconductors Market => no dedicated, only partial market reports for ams OSRAM addressed application segments available amu OSRAM#9ams OSRAM holds leading positions in its core Semiconductor & Lamps markets Leverage strong positions with focused core portfolio and commitment to Automotive, Industrial, Medical markets #2 in LED LED Suppliers by 2022 market share (Total market USD -12bn; Trend Force) #2 in Light Sensors Light Sensor Suppliers by 2021 market share (Total market USD ~1.3bn; OMDIA) #1 in traditional Auto lamps/bulbs Bulb Suppliers by 2022 market shares (Total market USD -1.5bn; own market model due to lack of external research) 1. Nichia 15% 1. STMicroelectronics 30% 1. ams OSRAM 2. ams OSRAM 13% 2. ams OSRAM 25% 2. Lumileds 3. Seoul Semiconductors 7% 3. Maxim 8% 3. Others (incl. Asian suppliers) 4. Samsung LED 7% 4. Sensortek (Sitronix) 8% 5. Lumileds 6% 5. Lite-On 4% 9 Sources: TrendForce 2023 LED Player Revenue and Capacity 2Q23, OMDIA Light Sensor Report - 2022 H7 12V OSRAM NIGHT BARR 200 +200% Al 150M NEW SILVERSTAR ULTRA BRIGHTEST DOWNROAD WHITER LIGHT" DELANTORA SYLVANIA NIGHT amu OSRAM#10Mid-term target financial model re-confirmed on strong design-win basis Focus on profitability and structural growth from the new core portfolio in Semiconductors Over-the-cycle mid-term target financial model Revenue growth CAGR Adjusted EBIT 6% -10%* ~15% (2026+) Assumptions: Starting base is CY 2023 revenues, less EUR 300m to 400m of non-core semiconductor portfolio to be exited Target Financial Model is valid for new Semiconductor Segment + Lamps & Systems Segment combined 10 晶CAPEX 10% *>2x WSTS opto-electronics F99 & sensors H99 = 3.1% CAGR 22 to 26 due to addressed segments Long-term target leverage Long-term leverage Net Debt (adj.) EBITDA < 2 amu OSRAM#11Very strong design-win traction - Q3 update Selected examples of design-wins 5-year design-win volume to date 11 RGB Laser + Colored ambient lighting - iRGB (Automotive) ALIYOS ™ LED-on-foil technology (Automotive) High Pixelated Forward Lighting (Eviyos) (Automotive) Laser Driver ASIC Laver Driver ans 4-side tileable Sensor IC for Computed Tomography (Medical) Projector module (w/ combiner optics) Near to Eye Projection through a tailored light source portfolio Emitter solutions with integrated intelligence for optimization of system performance and form factor 2025+ >100 m€ First OEM SOPs with applications based on ALIYOS T TM >250 m€ >50 m€ Initial sales 2024 First design wins amu OSRAM#1212 Mid-term target growth model re-confirmed: largest growth contribution from automotive, followed by mobile light sensors, then 8-inch sales & other contributors Strong design win base enables meaningful growth from new core portfolio in Semiconductors 2023-2026 CAGR from new base (predominantly driven by '25 and '26) 6% to 10% -- Exit of Semi non-core business ~300 400 m€ Monetizing innovation: Ramping Kulim -2/microLED Automotive Semi 9% to 13% L&S 0 to 2% Pixelated LED Forward Lighting Standard LED Forward Lighting LED Signaling LED Ambient Lighting Lasers for Lidar Specialty sensors (Driver Monitoring, Rain, Position, ...) Industrial/Medical Broad based growth vectors: LED lighting Horticulture Lasers for projection Specialty sensors for CT scanning Emitters / Sensors for robotics Emitter / Sensors for diverse applications 2023 ■Lamps & Systems Semiconductors 2026 Non-core Consumer Re-won and new sockets in portable Consumer devices: Ambient Light Sensing Proximity Sensing 1d/2d/3d ToF Camera Enhancement amu OSRAM#13Very broad based and diversified revenue streams Strong exposure to structural growth markets in automotive, industrial, medical and selected consumer applications End market split (9M 2023) Application split (estimates) (FY 2022, core portfolio*) Consumer 19% 30% I& M 13 Automotive 51% L&S Automotive Lamps AUT Semi Emitters 23% 25% Industrial LED Lighting 17% & Emitters 8% Other 2% Automotive Sensors 8% I&M Sensors 6% 11% L&S Speciality Lamps Display Management I&M = Industrial & Medical, AUT = Automotive, IND = Industrial, FWL = Forward Lighting (e.g. headlamps), Semi = Semiconductor Segment * Core portfolio already reflecting expected portfolio measures Emitters Sensors L&S amu OSRAM#14Balanced end market mix within segments Revenue split 9M 2023 by segments Semiconductors (overall / technology split below) 14 Emitters I& M Consumer 28% 40% Automotive Consumer 6% 27% 32% I& M -57% Sensors + ICs ~43% Automotive 6% 37% Automotive 57% I& M Consumer 66% Lamps & Systems I& M 28% 72% Automotive#15Benefitting from balanced regional set-up and healthy customer split Strong regional presence and very balanced customer portfolio Revenues by region (H1 2023) Top customers split (H1 2023) 15 Americas 22% EMEA 31% 47% APAC 18% O Top 3 customers 14% Top 4-10 customers Other customers 68% amu OSRAM#16Re-establish the Base program Focusing on our core as the new base for sustainable, profitable growth 16 TITTT Portfolio Set-up & Infrastructure Exit non-core semiconductor portfolio of ~300 to 400 m€ run-rate Adjusting the organization and the infrastructure to the new base 2) Monetizing Innovation Streamlining the organization for stronger accountability with end-to-end responsibility Objectives: 1. Focus the portfolio on the core with the highest profitability and the best growth perspective 2. Center mindset and accountability on "monetizing innovation" and overall profitability 3. Make the company lean and efficient by having the appropriate size, infrastructure and agility 4. Bottom-line improvements from portfolio-measures and savings (75m€ run-rate by end-2024, 150m€ run-rate by end-2025) for improved profitability in 2024 and ~15% adj. EBIT by 2026 onwards amu OSRAM#17Status update of EUR 2.25bn financing plan Implementation well on track Overview of holistic EUR 2.25bn financing plan Equity Discounted subscription rights offer of EUR 800mn, volume underwritten Debt Placement of new Senior Unsecured Notes with total volume of the order of EUR 800mn, EUR and USD notes mixed Asset transactions - Including Sale and Leasebacks, around EUR 300mn Rolling Credit Facility (RCF) Status EGM approved EUR 800mn rights offer - On 20 October 2023, ams OSRAM's shareholders approved the management's proposal for a discounted rights offer of EUR 800mn, Execution within six months following EGM approval USD and EUR - Will be collected on segregated account, proceeds released subject to rights issue Close to EUR 450mn in asset transactions signed On 30 October 2023 ams OSRAM announced: Signing of a sale and lease back of its new Kulim facility of c. 400m€, conditional to successful rights issue Divestment closing of a phased-out manufacturing facility located in Asia Extended to 2026, subject to rights issue Expects core relationship banks to extend maturity of the existing EUR 800mn RCF Financing in 2024 Remaining amount of up to EUR 350mn State funding or grants 17 - Mix of Senior Unsecured Notes, Convertible Bond and/or bi-lateral credit lines, or other transactions, subject to market conditions Subsidies in Germany (300m EUR IPCEI) and Malaysia approved - Applied for additional grants under European Chips Act amu OSRAM#18No clear upswing signal for next 12 month, long-term growth drivers remain sound Macro headwinds expected to prevail throughout next 12 months - afterwards, back to moderate growth track towards 2026 Macro sentiment Automotive sentiment Consumer sentiment Industry & Medical sentiment Outlook next 12 months Sep Eurozone PMI still weak in contraction while US PMI improving slightly below 50. China slightly above 50. GDP consensus expectations 2023/24 weaker in Eurozone 0.5% / 0.8% and China 5.0% / 4.5%, but higher in US 2.1% / 1.0% 2023 and 2024 semiconductor forecast w/o memory still at -3% yoy and +5.7% y-o-y. Light vehicle production in H2/2023 benefits from inventory restocking, still existing pent-up demand as well as higher export volumes and a stronger domestic demand in China; +7.5% y-o-y in 2023. H1/2024 expected to maintain momentum with eased macroeconomic headwinds; +2.6% y-o-y in 2024. Global smartphone forecast 2023/24 reduced to 1,139m / 1,144m units implying -0,4% / +2.2% growth. Despite an expected rebound in 4Q23, global smartphone shipments in 2023 lower than 2022. Wearable forecast 2023 slightly increased to 520 / 504m units implying +5,6% / +2.4% growth y-o-y. Electric market for automaton expected to grow +4% in 2024 vs. +9% in 2023. Global LED lighting shipment forecast for 2024 reduced to +4.5% y-o-y. Long-term outlook GDP consensus forecast shows moderately improving growth in Eurozone (1.6%) and US (1.5%). China consensus growth is expected to remain on 2024 level (4.6%), but recent IMF 2027 forecast was lowered to 3.7%. - Light vehicle production expected to shift to a more traditional demand- driven model with +1.6% y-o-y growth in 2025 to 90.6m and +1.8% y-o-y in 2026 to 92.2m units. - Significant growth in EVS (CAGR 30% over next 3 years) that usually also have come with additional emitter & sensor enabled innovations Global smartphone forecast 2025 shows growth increasing to 2.7% y-o-y to 1.182m units. Wearable forecast shows 5.6% y-o-y growth in 2025 to 580m units. MicroLED display shipments expected to increase to 52m units in 2030 Steady growth of 7% p.a. for global industrial robot market until 2026. Horticulture lighting market expected to reach a market size of US $10.4 bn by 2028 (CAGR 22.4%). Consumer robots and smart appliances shipments to grow at +35% CAGR by 2027. Sources: WSTS Semiconductor Market Forecast June 2023 18 IHS Light Vehicle Production Forecast July 2023 OMDIA Micro LED Display Market Tracker 3Q23 OMDIA Smartphone Model Market Tracker 2Q23 IDC Quarterly Wearable Device Tracker Forecast 2Q23 TrendForce 2023 Global LED Lighting Market Analysis 2H23 VDMA Robotics Automation Market Update, International Federation of Robotics ZVEI Global Electro- & Digital Industry Facts & Figures 2023 ABI Research Consumer Robots and Smart Appliances Q2 2023 S&P Global, Bloomberg, Hortidaily.com amu OSRAM#19Overview of Q3 - Financials Figures in EUR million (for details refer to "Financial results in detail") EUR millions Q3 2023 Q2 2023 QoQ Q3 2022 YOY (except per share data) Revenues 904 851 6% 1,213 -25% Gross margin adj. 1) 29.0% 27.8% +120 bps 28.7% +30 bps Results from operations (EBIT) adj. 1) 71 50 43% 91 -22% EBIT margin adj.¹) 7.9% 5.9% +200 bps 7.5% +40 bps Net result adj.¹) 29 31 -8% 47 -40% Diluted EPS adj.¹) 0.11 0.12 0.18 Diluted EPS adj. (in CHF) 1) 2) 0.10 0.12 0.18 Net Result (IFRS reported) -55 -1,342* -370 Diluted EPS (IFRS reported) -0.21 -5.14* -1.42 Operating Cash Flow 199 232 -14% 151 32% Net debt 2,269 2,034 12% 1,595 42% 1) Excluding M&A-related, transformation and share-based compensation costs, results from investments in associates and sale of businesses 2) Earnings per share in CHF were converted using the average currency exchange rate for the respective periods 19 * Q2 2023 included impairment charges of EUR ~1.3bn amu OSRAM#20Business Outlook Q4 2023 Guidance 2024 comments 2026 target model - Revenue 850-950 m€ - Adj. EBIT 5-8% - Based on assumption EUR/USD 1.10 – Divesting/exiting 300-400 m€ revenues -H1 with continued macro weakness, H2 improving (design-wins backed and expected market recovery) - ~75m€ savings run-rate at year-end from 'Re-establish- the-Base' program - FCF positive (including divestments proceeds) - 6-10% revenue CAGR ~15% adj. EBIT - Further market recovery and design-win backed growth (largest automotive, then mobile sensors, then 8-inch sales, amongst other) - ~150m€ EBIT improvement from 'Re-establish-the-Base' program - CAPEX at -10% (targeted by 2025) and further improving FCF 20 20 amu OSRAM#21Summary Q3/2023 ◉ Summary Solid Q3 revenue and adj. EBIT performance Strong Design-Win traction supporting structural growth model Solid Outlook for Q4 in a difficult market ■ Mid-term target financial model re-confirmed with automotive largest growth driver, followed by mobile light sensors and 8-inch sales & other contributors ■ Implementation of Re-establish-the-Base program well on track ■ Re-financing plan on track - - Right issue approved Asset-level transactions with EUR 450m signed Senior Notes + rights issue to be executed by end-of 2023 amu OSRAM 2 21 amu OSRAM#22Semiconductors: Automotive Growth Drivers 222 22 amu OSRAM#23Offering full technology range and innovation leadership in automotive emitters and light sensors Leading Positions in Automotive Semiconductor Sub-Segments #1 in Automotive Emitters Auto LED suppliers by 2022 market share (Total market USD ~3.2bn; Trend Force) #1 in Automotive Light Sensors Auto Light Sensor suppliers by 2021 market share (Total market USD ~68m; OMDIA) #16 in Automotive Semiconductors Automotive semiconductor suppliers by 2022 market share (Total market USD ~64bn; OMDIA) 1. ams OSRAM 35% 1. ams OSRAM 34% 1. NXP 11% 2. Nichia 25% 2. Elmos 18% 2. Infineon 11% 3. Lumileds 9% 3. STMicro 8% 3. Vishay 15% 4. Dominant 7% 4. Melexis 6% 5. Seoul Semiconductor 6% 15. Toshiba 1.5% 6. Samsung LED 5. 6% Hamamatsu 4% 16. ams OSRAM 1.5% 7. Stanley 5% 6. Rohm 1% 17. Melexis 1.2% 8. Everlight 2% 18. Sanken 1.1% 9. Cree LED 1% 19. Fuji Electric 1.0% 10. Jufei 1% 20. Nichia 0.9% 23 amun OSRAM Sources: Trend Force 2023 LED Player Revenue and Capacity 2Q23, OMDIA Light Sensor Report - 2022; OMDIA Competitive Landscaping Tool 1Q23 amu OSRAM#24ams OSRAM can build on a strong track record as trusted innovation partner ams OSRAM's long history of driving innovation in the Automotive semiconductor world Rain sensor 1991 1980 1st radial LED in VW 24 OSRAM Eviyos 1.0 with microstructured LEDs 1st full color head up display for BMW Ice-blue backlighting color theme with Ford capacitive sensor for Airbag Child Seat Suppression System 2003 1st daytime running LED light with Audi 2007 1st full LED front lighting 2009 2012 2014 2017+ 1st standard scalable LED forward lighting with BMW, VW 1st VCSEL for LED matrix headlights Driver Monitoring 2021 1997 2005 2008 2010 2013 2017 2020 1st ambient light 1st IR laser for emergency 1st ADB braking for Volvo sensor reproducing human eye behavior 1st LED brand Tailgate sensor (capacitive) for 1st 12V battery with high precision current a sensor color program with VW 70 NAU-MENU DUSSELDORF HEINRICHSTRAS 1st headlamp products with GM 1st RGB ambient 1st touchless trunk opener amu OSRAM#25ams OSRAM Automotive and Mobility Driven by safety, convenience and digitalization Illumination / Visualization Sensing Dynamic signaling Static signaling Ambient lighting Smart Surface Display Backlighting In Cabin Sensing Battery management ~53€ Head Up Exterior Sensing (LiDAR) RA Display / Projection Power/Analog/ Discretes 26.1% Memory 10.9% ~38€* ~19€ Sensors 6.5% ~14€ Functional illumination Processors/ LED 13% Logic 43.5% ~34€ Optical Sensing ~24€ Position & Angle Sensing 25 *premium cars >50€ already today **Source: Yole Overview of the Semiconductor Devices Industry 2023 Automotive Semicon Market** BOM 2022 BOM 2026 (SAM) (SAM) average € across all vehicle classes Ambient Light Sensing Rain, light & tunnel sensing Touchless trunk opener Dynamic forward lighting Static forward lighting#26Car as a 3rd living room - Colored ambient lighting Increasing ams OSRAM semiconductor BoM per car with a strong design-win base 26 1/2/0/0/0 2023 2024 2025+ Market introduction 3 OEMs > 8 OEMs > 100 m€ 5-year design-win volume to date Integrated RGB products: - Dynamic Illumination with many LEDs High flexibility in function and system architecture ams OSRAM open system protocol >240 m€ market potential 2028 amu OSRAM#27ALIYOS™ LED-on-foil technology creates unprecedented lighting Increasing ams OSRAM semiconductor BoM per car with a strong design-win base 27 ALIYO doy pa bonds of maligned a gigan cum actio elecks on potter +Chewy the 25 berday and fwdom to awte new g ting ellos desdetacherighting soon Lopol reg vomeres for tick nous city of car combines on lotions conc with the 4TVO +ALIYOS --lody het salomad metsanw vergrow achos The AL ay sa DRAMs kashic poenon cumming in 25 September 2013 Awnings. motion of teams on potter 2023 Technology launch and first customized demos with Tier1s 2024 Customized demos with OEMs as well as first series designs 2025+ First OEM SOPS with applications based on ALIYOSTM Proton, Austro on manich coy ch Scoresker 20-ons XX sday the deepen af Its & chooky, we pess up ab poste ties for devgn freedam und soul vity in automatve lahting. Locken wild cop can post frugtexta endime or kinky .05 was to mouce o new three mory tym chic insab to do and other road us cold scoccal educ Merking us Aurentive and USA, id with there of awch y ame OSRAM in onethe ms or ese wante atangani poeece one of the motions of gigolovin the tomenduoy he arrecucionicledvanced Led on la rechec ogy maison. thes are dame king ging comes writing new copertuted the " Light Transparent Thin Flexible Bright Freedom of Design Press Release: 25.09.2023 Status 04.10.2023 Gross Reach: >10M No. of articles: 71 H. Fratty, DVN: "ams OSRAM [...] about the best innovative concept of the week for me, their amazing Aliyos which is sure to make fast friends with designers" ALIYOS™ LED-on-foil technology pushes boundaries of multi-segmented area lighting and enables customization of light emission patterns amu OSRAM#28Safe Mobility - High Pixelated Forward Lighting (Eviyos) Increasing ams OSRAM semiconductor BoM per car with a strong design-win base Example applications Converted Pixelated LED Chip Driver IC Package Adaptive Driving Beam Power Terminals EVIYOS 20 Symbol projection 28 Communications Diagnostic Interface Converter layer Light Micro-LED optical layer 2023 2024 2025+ amin OSRAM 1 OEM 7 OEMs >12 OEMs >250 m€ Design-wins to date over lifetime Image source: Volkswagen AG WOBSTG 571 Z Implemented in the new VW Touareg (top version) Image courtesy of Volkswagen AG amu OSRAM#29Safe & Autonomous Mobility - InCabin Sensing Increasing ams OSRAM semiconductor BoM per car with a strong design-win base driven by regulation & comfort Driver safety & assistance Cabin & Occupant safety Product portfolio On-going business relationships with all global OEMs and Tier-1 Infrared LEDS Infrared VCSELS IR LEDs are preferred by most OEMs due to better cost efficiency for high-volume 2D Driver Monitoring applications Mid-term, VCSEL growth will be accelerated by use cases related to autonomous driving that require 3D capability both technologies in-house 29 29 >250 m€ LTV design-win volume to date amu OSRAM#30Semiconductors: Medical / Industrial Growth Drivers 30 amu OSRAM#31ams OSRAM has been a trusted partner for decades in Industrial / Medical Leading by system defining component performance, innovation & IP portfolio and deep customer relationships Value proposition for our customers System defining component performance: Differentiating LED and laser technologies with leading performance - know-how across the entire value chain Innovation leadership & broad IP portfolio - recognition of strong technology know-how by our customers In all focus applications, we have deep relationships with the leading customers and innovation drivers across all regions 31 Broad portfolio of high-performance light and other optical sensors as discrete components elements or integrated module Best in Class LED emitters reinforcing market leadership and unrivaled performance, e.g. in horticulture lighting with hyper red innovation Supply security: European-based specialty analog mixed-signal CMOS fab (Austria) Worldwide regional presence and technical support amu OSRAM#32Addressing Industrial / Medical applications with key to system performance Leveraging differentiated technology base into multi niches where we are key for the system performance Selected applications Structural growth drivers wwwwww Medical Imaging & Diagnostics - Horticulture & Smart Farming Robotics Aging population Lower radiation dosage - Higher specificity - HPS lamp replacement Focus on near-shoring and freshness – Yield improvement through optimized illumination – Project business: subject to energy & financing cost Automation, productivity - Contextual Awareness Typical ams OSRAM BOM potential - - 25 - several ten k € (from image sensor to module for high end CT scanner) ~100 - 200 € per luminaire* ~20+ € LED & laser projection Outdoor / Industrial lighting UV-C disinfection Home entertainment, lifestyle Replacement of traditional lamps Trickle-down from premium to mid-range Aging and growing population Urbanization HID replacement Growth opportunity >2026 Regulation & Hg Lamp replacement once LEDs reach >15% WPE ~5-190 € (from simple LED projector to high power material processing) ~5 - 50 € per luminaire* (from small LED street luminaire to high power stadium light) ~20 -2.500 € (from consumer device to industry scale water reactor disinfection) 32 *fixture combining light source with reflector, lens elements, etc. amu OSRAM#3333 33 Medical Imaging - 4-side tileable Sensor IC for Computed Tomography Extending lifetime of ams OSRAM solutions at market leading medical customers 2022 2025+ annual revenue at high single digit to high teens m€ 4-side tileable Sensor IC : Stacked CMOS wafer and Photodiode wafer using TSV technology ams OSRAM proprietary technology >50 m€ 5-year design-win volume to date amu OSRAM#34Example of leading position in niche - Medical Imaging CT scan sensors/ICs 8 out of 10 OEMs employ ams OSRAM products - solid revenue growth 2x market growth projected CT scan detectors (units) CAGR 5.8% ~10.9k Top 10 CT Players ams OSRAM Customer Engagement Generation of 3D images based on X-ray properties ~8.7k (Source: Yole) 2022 2026 #1 CT Player Rotating Gantry #2 CT Player engaged #3 CT Player no engagement Start of spiral scan Path of continuously rotating X-ray tube and detector #4 CT Player #5 CT Player #6 CT Player #7 CT Player #8 CT Player #9 CT Player Direction of continuous patient transport Zsensor Detector Coverage #10 CT Player 34 Sources: Yole Intelligence, Digital X-Ray Imaging 2022 volumes ams OSRAM 64-Slice CT Detector Module Attenuation readings To computer X-ray Tube Detector amu OSRAM#35Semiconductors: Opportunities & growth drivers in Consumer portable devices 35 amu OSRAM#36ams OSRAM offering full technology range and best value in focus applications Strong Positions in Consumer Semiconductor Sub-Segments #2 Light Sensor Supplier in Smartphones # 3 Sensor & Actuator Supplier in Wearables Sensor & Actuator suppliers by 2022 market share (Total market USD ~864m; Yole) We are present at all Top 15+ Smartphone OEMs globally % of smartphones with ams OSRAM content 36 Light Sensor suppliers by 2021 market share (Total market USD ~1bn; Omdia) Shipments 2021>> 1. STMicroelectronics 36% 1. Bosch 25% 1. Smartphone OEM 1 60% 2. ams OSRAM 26% 2. ST Micro 19% 2. Smartphone OEM 2 100% 3. Sensortek 9% 3. ams OSRAM 7% 3. Smartphone OEM 3 20% 4. Maxim 7% 4. Goermicro 7% 4. Smartphone OEM 4 20% 5. Lumentum 5% 5. Knowles 5% 5. Smartphone OEM 5 30% 6. Lite-On 5% 6. OMRON 5% 6. Smartphone OEM 6 20% 7. Broadcom 3% 7. TDK 3% 7. Smartphone OEM 7 100% 8. TXC 2% 8. Zilltek 2% 8. Smartphone OEM 8 20% 9. Elan 2% 9. Smartphone OEM 9 90% 10. Dyna Image 1% 10. Smartphone OEM 10 40% TOTAL (all OEMs) 50% Sources: OMDIA Light Sensor Report Database - 2022, OMDIA Mobile Handset Database Historical Data - 3Q22 ams OSRAM is present in 50% of smartphones shipped in 2021 The addressed OEMs have a unit market share of >80% amu OSRAM#37Addressing relevant, system defining functions in portable consumer devices Focus on significant growth opportunities in camera enhance, 3D AR, body tracking, microLED & smart glasses Focus applications Smartphone Tablets Addressed Functionalities - Camera enhancement (Flicker, Spectral Color Sensors, ToF) 3D AR sensing 3D Authentication - Display Management / BOLED sensing - MicroLED display 3D AR sensing ams OSRAM BOM Potential Mobile BOM: €1-251) - 3D Authentication - - Display Management / BOLED sensing - MicroLED display Tablet BOM: €3-401) 78 Smartwatch AR / VR - Display Management/ BOLED sensing MicroLED display User Interaction (Rotary Encoder) Vital Sign Monitoring Display Management Vital Sign Monitoring Face / Hand / Body Tracking Eye Tracking / Authentication - 2D/3D sensing Visualization (Light engine, microLED display, Optical coupling) Watch BOM: €2+ 1) AR/VR Glasses BOM: €5-1001) 37 1) excluding microLED display amu OSRAM#38ams OSRAM's Display Management and Camera Enhancement are leading Our technologies and products are relevant or key for system performance Display Proximity sensing Intensity or ToF-based sensors for touch display on/off. Flicker Detection Elimination of artificial light modulation bands 38 Spectral Ambient Light Sensing Auto White Balancing to improve contrast & low light performance. Light source identification (TL, LED, sun) for better colors. Multi-zone for segmented analysis. Depth Sensing for Auto Focus & Bokeh Single and Multi-zone dToF-based depth sensing for depth-of-field effects and sharp images, also in low light situations AR Support Social media (SnapChat, TikTok), room scanning, navigation, gaming, E-Commerce amu OSRAM#3939 Enabling Near to Eye Projection through a tailored light source portfolio Perspective on evolution of display engine architectures and ams OSRAM offering # AR applications Schematic market development 1st wave: LED & LCOS (u)OLED today 2nd wave: Laser & LBS 3rd wave: μLED μLED ams OSRAM Offering Short to mid-term Novel LED: Compact light source in multi-chip SMT package to enable optics placement in closest proximity New RGB laser module VEGALAS TM to enable smallest light engine form factors VEGALAS ™ Novel LED package Laser + LBS Long-term LED as,,early bird" technology midterm longterm Emitter solutions with integrated intelligence for further optimization of system performance and form factor RGB Laser Laser Driver ASIC Laver Driver ans Projector module (w/ combiner optics) First design wins Initial sales 2024 amu OSRAM#40ams OSRAM's Spectral Ambient Light Sensing makes the difference 8 out of the top 10 smartphones by camera score use ams OSRAM sensors for superior camera performance Autofocus: "Fast and accurate autofocus, even in challenging light Top Smartphones by Camera score Smartphone Model Launch Date Camera score conditions"* AWB & Flicker: 1. Huawei P60 Pro Mar 2023 156 "Excellent for 2. Oppo Find X6 Pro Mar 2023 153 HONOR photographing family and 3. Honor Magic5 Pro Feb 2023 152 friends, thanks to 4. Oppo Find X6 Mar 2023 150 accurate skin tones and high details"* 5. Huawei Mate 50 Pro Sep 2022 149 6. Google Pixel 7 Pro Oct 2022 147 7. Honor Magic4 Ultimate Mar 2022 147 Camera Enhancement: Light, Color, Flicker & Range sensors 8. Apple iPhone 14 Pro Max Sep 2022 146 9. Apple iPhone 14 Pro Sep 2022 146 TMF882x Mutizone dToF TSL2585 ALS/UV/Flicker TCS3410 RGB/Flicker 10. Huawei P50 Pro Jul 2021 143 40 40 Winning combination: Spectral + ALS *DXOMARK February 2023, ALS denotes Ambient Light Sensor source: https://www.dxomark.com/smartphones/ amu OSRAM#41Lamps & Systems: Lamps for Automotive, Industrial and Entertainment 14 41 amu OSRAM#42Strong and stable profit contributor with excellent position in lamps business AMSP is covering automotive, entertainment and industry applications Automotive 42 LED retrofits Fixtures & car accessories Automotive Aftermarket (AFTM) Entertainment and Industry SILVERSTAR ULTRA B 9004 SYLVANIA Traditional lamps LED & Laser modules (e.g. XLS) Automotive OEM Semiconductors Entertainment Cinema Medical End market split in AMSP lamps Automotive lamps -80% - ~20% Entertainment & Industry lamps Large installed base globally Expanding our leading market position softens slowly declining market volume LEDr and XLS with positive market growth in declining lamps business New opportunities beyond lamps with fixtures & car accessories using our strong brand and channel position. amu OSRAM#43ams OSRAM is at the forefront of LED retrofits in automotive Increasing potential of retrofit solutions for on-road and off-road applications Key benefits of LED • . retrofit solutions: Easy upgrade to LED Earlier detection of signs and obstacles Optimized light distribution with reduced glare • Stylish and modern look 43 33 2020 1st ever on-road¹ LED headlamp retrofit in Europe NIGHT BREAKER LED H7 2022 First leading player launching a "socket-design" solution for easier replacement 2023 Further expansion of on-road and off-road portfolio for headlights and signal lights Way forward Expand global leadership position in LEDr with our brands OSRAM and SYLVANIA H7-LED OSRAM NIGHT BREAKER" LED CSRAM LED OSRAM LEDriving HL EASY £H1 LED high and low beam lamp NIGHT BREAKER LED H7 LEDriving HL EASY Product launches (selection): NIGHT BREAKER LED H1, W5W, H4 (motorcycle) LEDriving HL EASY H1, H3 HLT BRIGHT 24V in H1, H4, H7 (trucks) SYLVANIA Fog & Powersports Portfolio H11 LED H13 H1 9003 9005 9006 9012 9007 HS1 SYLVANIA Exemplary 1) Approved LED light source - only applies to the respective countries in which there is approval or to which an equivalent approval applies, and the vehicle models and light functions currently listed in the compatibility list. For more details see www.osram.com/nb-led SYLVANIA OSRAM amu OSRAM#44Monetizing innovation: Next generation (micro)LED and 8" manufacturing 44 amu OSRAM#45Extremely small microLED are required to enable disruptive mass adoption Chip size Traditional LED >300μm miniLED >100μm 50 μm 30 μm microLED 10 μm 5 μm 1 μm → Strongly increasing technological challenge → Applications Streetlighting 445 Displays: Automotive: Headlamp Direct backlight Videowall 121 Smartwatch Smartphone AR/VR Luxury TV 4K TV 8k TV Rear light External displays Door display Dashboard microdisplay Older "microLED" products are actually based on miniLED microLED demo products shown ams OSRAM microLED focus amu OSRAM#46microLED displays promise a new and unique user experience Ready to combine some of the really important features that the industry is looking for 11.000 H LOAD Highest brightness (e.g. for head-up displays), and robustness to temperature and sunlight 60 46 FRI OB 12:00 Wide viewing angles 906 No burn-in even for fixed image patterns in bright sunlight Transparent or curved displays Seamless stitching and bezel-free screens#47Next-generation LED production is key enabler for significant microLED shrink Shrink required to reach acceptable cost level for high-volume applications >30μm >15μm Status today: Die sizes in existing products typically in the range of 35x60μm² to 15x30μm² 1 to 4 4k displays 1 wafer per color Chip cost too high for market breakthrough of microLED technology Massive die shrink required for mass adoption Key enabler: 8" LED manufacturing Modern state-of-the art and first 8" fab for advanced LED technologies Fully automated material handling system and factory control, advanced process control and material scheduling and fault detection (FDC) technologies SMIF concept that allows lowest defect densities required for advanced (u)LED manufacturing Fab built in industry record time: 1 year from start of construction to first wafer starts amin as ams OSRAM focus: Very small die sizes 25 to 80 4k displays 1 wafer per color Acceptable LED cost for high- volume applications 12 47 amu OSRAM#48Sustainability commitments 48 amu OSRAM#49ESG update: Climate strategy, carbon neutral goal, ESG Committee Sustainability Strategy, Carbon Neutrality Goal, ESG Committee ESG ACHIEVEMENTS Development and implementation of a comprehensive group climate strategy, aligning our actions with global climate goals. Second group sustainability report published, demonstrating our commitment to transparency and accountability (GRI compliant) Comprehensive reporting of CO2 emissions, including our own activities (Scope 1 + 2) and significant progress in reporting emissions along the value chain (Scope 3). Establishment of the ESG Committee, driving our sustainability efforts and ensuring focused decision- making. Release of our Sustainability Policy and internal Sustainability Guideline, guiding our actions towards a more sustainable future. All production sites that constantly exceed the threshold of annual consumption of 1,400 megawatt-hours (MWh) are certified to ISO 14001. High rankings in sustainability assessments ESG GOAL Carbon neutrality by 2030 Group to be carbon neutral (Scope 1 & 2) by 2030, endeavor towards net zero ambition Near and long-term targets for science-based reductions of Scope 3 emissions (purchased goods/services) Strategy based on principle "avoid, reduce, compensate", reduction path developed 100% green electricity at production sites in Germany and Austria Reducing emissions via energy efficiency measures at several locations, plan established to compensate for inevitable CO2 emissions - CO2 saving of 9% compared to basis year 2021 - 49 49 8 CO₂ amu OSRAM#50At ams OSRAM, we are highly commited to sustainability External recognitions confirm our engagement within ESG (actual status per rating) INSTITUTION 7 000 50 ΠΠΠ 000 L CDP ecovadis SUSTAINALYTICS ISS MSCI RATING COMMENT C Climate Change CDP DISCLOSURE INSIGHT ACTION B- Water Security ecovadis Gold Improvement from silver to gold 21.0 SUSTAINALYTICS 66.1 ESG Risk Rating low medium risk, +30% ESG Risk Management ISS‣ MSCI Score B- improvement +25%, PRIME Corporate ESG Performance Prime RATED BY ISS ESG BBB S&P Global CSA S&P Global Score 66 Corporate Sustainability Assessment amu OSRAM#51Financial results in detail Q3 2023 51 amu OSRAM#52Group revenues and adjusted EBIT meaningfully up in Q3 All figures in EURm/% of revenues Total revenues EBIT, EBIT margin (adj.)1) Ø EUR/USD 1.01 1.09 1.09 8% 1,213 120 +6% 91 904 851 1,093 Q3 2022 Q2 2023 6% 50 8% +42% 7 71 Q3 2023 Q3 2022 Q2 2023 Q3 2023 Deconsolidation effects due to disposals 52 52 - - Revenues above midpoint of guidance range. EUR ~40m negative FX impact YoY Strong sequential growth, driven across end markets, particular strong Automotive business. YoY comparison reflects de-consolidation effects Adj. EBIT margin at top end of guidance range Reduced adj. operating expenses and certain one-time effects (R&D funding support improved profitability) Clear target to improve long-term profitability 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses amu OSRAM#53Automotive, Industrial, Medical represent ~80% of revenues APAC most important sales region, semiconductor segment contributes +70% of revenues Revenues by segment (Q3 2023) Revenues by end market (Q3 2023) Revenues by region (H1 2023) 72% Semiconductors 28% Lamps & Systems 21% 0 27% 52% 22% 0 47% 31% Automotive Industrial & Medical Consumer Americas EMEA APAC Stable end market split as all end markets supported sequential growth Automotive: Stabilization, strong demand from China, improved inventory situation and more normalized order pattern Industrial & Medical: Stable q-o-q, mixed development overall, strong macro-economic pressure y-o-y - Consumer: Seasonal upswing, y-o-y subdued also due to macro economic pressure 53 Note: Revenues by region are updated on a half-yearly basis amu OSRAM#54Revenue development per end market Like-for-like excl. already disposed and exited businesses Total group revenues Automotive 1,088 1,035 1,072 509 473 467 467 904 441 432 839 851 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Industrial & Medical Consumer 330 300 309 284 285 263 246 252 225 174 186 147 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 54 Q3 2023 amu OSRAM#55Semiconductors segment: Significant sequential growth and improved profitability All figures in EURm/% of revenues 55 Total revenues 813 +8% 648 600 Q3 2022 Q2 2023 Q3 2023 EBIT, EBIT margin (adj.)1) 7% 61 6% 2% 13 36 Q3 2022 Q2 2023 Q3 2023 - - - Strong sequential growth driven by several end-markets, in particular strong Automotive business Automotive business reflects end of inventory correction, normalized order patterns, strong demand from China Weak industrial markets y-o-y due to macro pressure, medical also subdued, positive seasonality in Consumer Profitability improved, partially by higher volume, partially by one-time effect (catch-up of subsidies recognition), while still impacted by low production volumes and underutilization 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses amu OSRAM#56Semiconductors: Positive sequential development across markets Semiconductors segment, like-for-like Q3 development QoQ & YoY (excl. disposal effects), figures in EURm 56 QoQ revenue development YoY revenue development +9% -35% +2% -26% 260 +8% 285 238 +6% 272 255 260 202 187 186 202 Q2 2023 175 186 Q3 2022 Q3 2023 Q3 2023 - Automotive I&M Consumer Automotive: Strong sequential development, strong demand from China, with increasingly short notice orders I&M: Sequential increase on a relatively low basis, macro economic pressure in all verticals Consumer: Typical seasonal upswing I&M denotes Industrial & Medical Automotive I&M Consumer Automotive: YoY growth, driven by improved inventory situation, normalized order pattern, content growth (e.g. EVs) I&M: YoY decline reflects overall weak macro economics in many areas, such as industrial lighting and horticulture Consumer: YoY reflects some big sockets approaching End-of- Life, before new designs will kick-in and weak macro economy amu OSRAM#57Lamps & Systems: Solid profitability in spite of seasonality All figures in EURm/% of revenues Total revenues - 400 120 280 Q3 2022 EBIT, EBIT margin (adj.)1) 15% 14% 8% +2% 37 35 251 256 30 Q2 2023 Q3 2023 Q3 2022 Q2 2023 Q3 2023 Deconsolidation effects due to disposals Development in line with expectations Typical seasonal effects in L&S automotive business (~80% of remaining L&S business) Substantially and structurally improved profitability reflecting positive disposal-related and portfolio streamlining effects 57 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses amu OSRAM#58Lamps & Systems: Seasonal effects in Q3, soft YoY development Lamps & Systems segment: Like-for-like Q3 development QoQ & YoY (excl. disposal effects), figures in EURM Q2 2023 Q3 2023 QoQ revenue development +6% 206 195 -15% 59 50 YoY revenue development -6% 219 206 -19% 61 49 ~120m I&M YOY disposal effects Q3 2022 Q3 2023 Automotive I&M Automotive: Expected seasonality in automotive lamps business - I&M: Reflects macro economic challenges, remaining business focuses on specialized entertainment and industry lamps Automotive I&M Automotive: Subdued YoY development, while further expanding leading market position in attractive market I&M: Business driven by certain industrial trends, such as softer demand for specialty lamps for semiconductor manufacturing equipment 58 I&M denotes Industrial & Medical amu OSRAM#59GP strongly improved sequentially, adjusted OPEX slightly reduced All figures in EURm / % of revenues 59 Gross profit, gross margin (adj.)1) R&D expenses (adj.)1) 29% 29% 28% 12% 12% 11% 348 237 +11%- SG&A expenses (adj.)1) 11% 11% 10% 140 --9%* +5%* 122 263 105 96 95 7 100 - Q3 2022 Q2 2023 Q3 2023 Strong sequential improvement driven by favorable product mix and improved loading q-o-q Continued to be impacted by meaningful underutilization effects in manufacturing - Q3 2022 Q2 2023 Q3 2023 Q3 2022 Q2 2023 Q3 2023 Decrease in adj. operating expenses on absolute basis over last quarters R&D development reflects ongoing stream-lining and efficiency programs; vast majority of R&D in semi segment; Q3 R&D expenses in semi segment reduced by first tranche of IPCEI funding, partially a one time catch-up effect SG&A shows clear year-on-year base-line reduction; Q2 had favorable one- time effects; efforts to improve will continue 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses amu OSRAM#60Reconciliation from EBIT IFRS reported to EBIT adjusted figures Q3 2023, All figures in EURm 60 - - 6 34 5. 12 31 -3 71 -12 EBIT IFRS Result from Equity Investments Result from the sale of businesses Asset restructuring Transformation Share-based M&A-related costs compensation costs costs EBIT Adj. EBIT Adj. best reflects underlying profitability of business and overall group development Historic M&A transactions (e.g. OSRAM) result in significant purchase price allocation expenses (non-cash, resulting in D&A), heavily impacting EBIT IFRS One-time integration costs (part of M&A-related costs) as well as transformation costs for personnel restructuring programs affect short-term profitability and mask true business development One-time impairment charges overshadow operating business development including profitability Book gain/losses of disposals + results from smaller historic equity investments are not part of operating business model amu OSRAM#61Adj. net result / Adj. EPS – Relatively stable development All figures in EURm / EUR / CHF per share Net result (adj.)1) Q3 2023: 260.9m basic / 260.9m diluted shares EPS diluted (adj.)1) Net result IFRS 0.18 CHF 0.12 CHF 0.10 CHF 47 -8% 31 29 29 0.18 -370 0.12 0.11 Q3 2022 Q2 2023 Q3 2023 Q3 2022 Q2 2023 Q3 2023 -1,342 Q3 2022 Q2 2023 Financial result and tax result drive sequential development, despite higher operating profit (Q2 included positive one-time effects in tax and financial result) Q2 with impairment charges of EUR ~1.3bn Financial result Q3 EUR -34m (Q2 EUR -25m) Q3 IFRS reported net result EUR -55m / IFRS EPS diluted EUR -0.21/ CHF -0.20 -55 Q3 2023 61 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses amu OSRAM#62Continued strong Operating CF, but high Capex results in negative FCF All figures in EURm / % of revenues 62 32 Operating Cash Flow 12% Capital expenditures (Capex) 27% 22% 8% 232 151 --14% 199 -95 Q3 2022 Q2 2023 Q3 2023 31% ·0% Free Cash Flow (FCF) 29% 56 -31 Q3 2022 -263 Q2 2023 -262 Q3 2023 Q3 2022 Q2 2023 -63 Q3 2023 - - - Continued strong operating cash flow generation (22% of revenues) Continued meaningful Capex driven by industry-first 8" LED front-end fab, in line with plans Focused investments in European manufacturing footprint (Austria and Germany) Free cash flow (FCF) development as expected given substantial capital expenditures Free Cashflow (FCF) defined as Operating CF - Capex amu OSRAM#63Cash and debt overview - leverage up in-line with expectations All figures in EURm Q1 2023 - 2,800 861 Q2 2023 1,940 2,875 Gross debt 841 Cash Q3 2023 2,034 2,960 Net debt 691 2,269 Expected uptick in group leverage to 3.5x net debt/adjusted ¹) EBITDA driven by CAPEX and trailing EBITDA trend EUR 800m undrawn RCF with core banking group successfully extended* to September 2026 ~90% of outstanding debt on fixed rate basis (~4% weighted interest rate) Adj. EBITDA¹) LTM EUR 647m (based on adj. EBIT + D&A not related to adjustments) Holistic refinancing plan for expected financing needs until 2025/26 announced 63 * 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses Extension subject to successful planed rights issue amu OSRAM#64Business Outlook 64 Q4 2023 Guidance 2024 comments 2026 target model - Revenue 850-950 m€ - Adj. EBIT 5-8% - Based on assumption EUR/USD 1.10 – Divesting/exiting 300-400 m€ revenues -H1 with continued macro weakness, H2 improving (design-wins backed and expected market recovery) - ~75m€ savings run-rate at year-end from 'Re-establish- the-Base' program - FCF positive (including divestments proceeds) - 6-10% revenue CAGR ~15% adj. EBIT - Further market recovery and design-win backed growth (largest automotive, then mobile sensors, then 8-inch sales, amongst other) - ~150m€ EBIT improvement from 'Re-establish-the-Base' program - CAPEX at -10% (targeted by 2025) and further improving FCF amu OSRAM#6565 55 ams OSRAM Investor Relations Dr. Jürgen Rebel Head of Investor Relations [email protected] +43 3136 500-0 Investor Relations contact Premstaetten Office + 43 3136 500-0 Internet Email https://ams-osram.com/about-us/investor-relations [email protected] Marco Tiefenbacher Principal Investor Relations [email protected] + 43 3136 500-32605 Juliana Baron Senior Manager Investor Relations [email protected] +49 941 850 3000 Upcoming events November 2, 2023 ZKB Conference, Zurich ■ November 8-9, 2023 Non-Deal Roadshow, London and Frankfurt ■ November 9, 2023 DB Autotech Conference, Virtual ■ November 16-17, 2023 MS TMT Conference, Barcelona ■ November 28-29, 2023 UBS TMT Conference, Arizona (US) amu OSRAM#66Sensing amu OSRAM#67Profit and loss statement IFRS reported figures, all figures in EURm Q3 2023 Q3 2022 9M 2023 9M 2022 Revenues Gross profit Gross margin (IFRS reported) Gross margin (adjusted¹)) 904 1,213 2,682 3,642 205 268 615 1,001 23% 22% 23% 27% 29% 29% 29% 31% Research and development -108 -171 -373 -484 Selling, general and administrative -113 -144 -363 -456 Other operating income 13 15 55 178 Other operating expenses -4 -294 -1,345 -308 Results from investments in associates -6 -1 -15 -1 Result from operations (EBIT) -12 -327 -1,426 -71 EBIT margin (IFRS reported) -1% -27% -53% -2% EBIT margin (adjusted¹)) 8% 8% 6% 9% Net financing result Result before tax Income tax result Net result (IFRS reported) Net result (adjusted 1)) -34 -58 -91 -158 -46 -385 -1,517 -229 -9 14 -14 -68 -55 29 -370 47 -1,531 66 -297 95 67 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses amu OSRAM#68Balance sheet All figures in EURm Assets Sep 30, 2023 Dec 31, 2022 Sep 30, Dec 31, Liabilities and equity 2023 2022 Cash and cash equivalents 691 1,087 Current interest-bearing loans 399 169 Current financial investments 8 21 Trade payables 649 811 Trade receivables 421 533 Income tax payables 75 87 Inventories 784 864 Current provisions 243 256 Other current receivables and assets 282 223 Other current liabilities 1,229 1,345 Assets held for sale 27 157 Liabilities held for sale 0 50 Total current assets 2,212 2,884 Total current liabilities 2,595 2,717 Property, plant and equipment 2,082 1,856 Non-current interest-bearing loans 2,561 2,635 Intangible assets 2,256 3,645 Employee benefits 147 179 Right-of-use assets 208 230 Deferred tax liabilities 75 105 Investments in associates 21 35 Non-current provisions 45 45 Deferred tax assets 82 69 Other non-current liabilities 271 318 Other non-current assets 50 54 Non-current financial assets 53 59 Total non-current assets 4,752 5,948 Total non-current liabilities 3.100 3,281 Shareholders' equity ams-OSRAM AG 1,262 2,826 Non-controlling interests 7 7 Total assets 6,964 8,832 Total liabilities and equity 6,964 8,832 68 amu OSRAM#69Cash flow Selected cash flow items, all figures in EURm 69 Q3 2023 Q3 2022 9M 2023 9M 2022 Net result -55 -370 -1,531 -297 Amortization, depreciation and impairment 154 486 1,772 784 Cash flows from operating activities 199 151 594 397 Capital expenditures -262 -95 -827 -304 Acquisitions of subsidiaries, net of cash acquired -132 0 -227 -7 Proceeds from sale of businesses, net of cash disposed 46 85 135 336 Cash flows from investing activities -343 14 -894 53 Proceeds from loans 226 31 377 32 Repayment of loans / convertible bonds -160 -397 -245 -464 Repayment of lease liabilities -14 -33 -43 -89 Interest paid -58 -48 -134 -110 Dividends paid to shareholders of OSRAM Licht AG -37 -53 Cash flows from financing activities -6 -449 -82 -688 Net change in cash and cash equivalents (incl. FX effects) -152 -202 -407 -91 Cash and cash equivalents at end of the period 691 1,243 691 1,243 amu OSRAM