#1SE GlobalFoundries 2021 Third Quarter Financial Results November 30, 2021 0 would 2015#2Disclaimer This presentation and the accompanying oral presentation include express and implied "forward-looking statements," including but not limited to, statements regarding our financial outlook, product development, business strategy and plans, and market trends, opportunities and positioning. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," "shall" and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward- looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, our business could be impacted by the COVID-19 pandemic and actions taken in response to it; the market for our products may develop more slowly than expected or than it has in the past; our operating results may fluctuate more than expected; there may be significant fluctuations in our results of operations and cash flows related to our revenue recognition or otherwise; a network or data security incident that allows unauthorized access to our network or data or our customers' data could damage our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; and global economic conditions could deteriorate. For further discussion of potential risks and uncertainties, please see "Risk Factors" contained in our filings with the U.S. Securities and Exchange Commission. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. You should not rely upon forward-looking statements as predictions of future events. These statements are based on our historical performance and on our current plans, estimates and projections in light of information currently available to us, and therefore you should not place undue reliance on them. Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward- looking statements will be achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. This presentation and the accompanying oral presentation also contain estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry and business. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified the industry data generated by independent parties and contained in this presentation and, accordingly, we cannot guarantee their accuracy or completeness. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in which we compete are necessarily subject to a high degree of uncertainty and risk. In addition to the financial information presented in accordance with International Financial Reporting Standards ("IFRS"), this presentation includes the following non-IFRS metrics: adjusted gross profit, adjusted EBITDA, adjusted operating profit, adjusted net income (loss) and adjusted EPS. We define adjusted gross profit (loss) as gross profit (loss) adjusted for share-based compensation expense. We define adjusted EBITDA as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization adjusted for share-based compensation expense, one-time transaction gains and associated expenses, one-time restructuring charges and litigation settlements. We define adjusted operating profit (loss) as profit (loss) from operations adjusted for share-based compensation expense. We define adjusted net income (loss) as net income (loss) adjusted for share-based compensation expense. We define adjusted EPS as adjusted net income (loss) divided by the weighted average number of ordinary shares outstanding. We believe that in addition to our results determined in accordance with IFRS, these non-IFRS measures are useful in evaluating our business and the underlying trends that are affecting our performance. These non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and non-cash charges that occur relatively infrequently and/or that we consider to be unrelated to our core operations. These non-IFRS measures are used by both our management and our board of directors, together with the comparable IFRS information, in evaluating our current performance and planning future business activities. We believe that these non-IFRS measures, when used in conjunction with our IFRS financial information, also allow investors to better evaluate our financial performance in comparison to other periods and to other companies in our industry. However, non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as a comparative measure. GlobalFoundries © 2021 All Rights Reserved GlobalFoundries™ 2#3Q3'21 Results#4Key Q3'21 Results Wafer Shipments 300mm equivalents + 27% 478 Q3'20 609 Q3'21 +56% 1,091 Revenue (2) Q3'20 $ in millions 1,700 Q3'21 Adjusted EBITDA & Margin (1) $ in millions GlobalFoundries © 2021 All Rights Reserved +84% 275 25.2% Q3'20 505 29.7% Q3'21 Notes: 1. Adjusted EBITDA is defined as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization adjusted for share-based compensation expense, one-time transaction gains and associated expenses, one-time restructuring charges and litigation settlements 2. In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the periods ended September 30, 2020 and December 31, 2020 would have been an estimated $309 million and $501 million higher than reported results, respectively. GlobalFoundries 4#5Key Recent Business Highlights GF began trading on the Nasdaq Stock Market under the ticker "GFS" on October 28 GF and Qualcomm signed an agreement to extend the companies' successful collaboration to deliver advanced 5G RF front-end products GF 22FDX TM platform is Auto Grade 1 qualified at Fab 1 in Dresden, Germany GF set a "Journey to Zero Carbon" goal to reduce greenhouse gas emissions by 25% from 2020 to 2030 GF appointed Elissa Murphy to its Board of Directors. Ms. Murphy is currently a vice president of Engineering at Google, and previously served as the chief technology officer and executive vice president of Cloud Platforms at GoDaddy GlobalFoundries © 2021 All Rights Reserved GlobalFoundries™ 5#6Growing Quarterly Revenue ($ in millions) ¹ 1,318 Q2'20 1,091 Q3'20 1,062 Q4'20 1,418 Q1'21 1,620 GlobalFoundries © 2021 All Rights Reserved Q2'21 1,700 Q3'21 Note: 1. In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the periods ended September 30, 2020 and December 31, 2020 would have been an estimated $309 million and $501 million higher than reported results, respectively. +5% Q/Q GlobalFoundries™#7Expanding Adj. Gross Margins(1) -14% Q2'20 -12% Q3'20 -21% Q4'20 7% Q1'21 16% GlobalFoundries © 2021 All Rights Reserved Q2'21 18% Q3'21 Note: 1. Adjusted gross profit (loss) for a particular period is defined as gross profit (loss) before share-based compensation expense; please see Appendix for a reconciliation of non-IFRS metrics to IFRS metrics. Adjusted gross margin is adjusted gross profit divided by revenue GlobalFoundries™ 7#8Expanding Adj. EBITDA Margins(1) 20% Q2'20 25% Q3'20 16% Q4'20 21% Q1'21 29% Q2'21 30% Q3'21 Note: 1. Adjusted EBITDA for particular period is defined as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization, adjusted for share-based compensation expense, one-time transaction gains and associated expenses, one-time restructuring charges and litigation settlements. See Appendix for a reconciliation of non-IFRS metrics to IFRS metrics. Adjusted gross margin is adjusted EBITDA divided by revenue GlobalFoundries © 2021 All Rights Reserved GlobalFoundries™ 8#9Q3'21 Financial Summary ($ in millions, except per share data and wafer shipments) ¹,2 Revenue Gross profit (loss) Adjusted gross profit (loss) Adjusted gross margin Operating profit (loss) Adjusted operating profit (loss) Adjusted operating margin Net income (loss) Adjusted net income (loss) Adjusted net income (loss) margin Basic and diluted earnings per share (EPS) Adjusted EPS Adjusted EBITDA Adjusted EBITDA margin Cash from operations Wafer shipments (300MM Equivalent) Q3'20 $1,091 ($134) ($134) (12%) ($350) ($350) (32%) ($293) ($293) (27%) ($0.58) ($0.58) $275 25% $267 478 Q2'21 $1,620 $231 $267 16% ($103) $41 3% ($174) ($30) (2%) ($0.35) ($0.06) $466 29% $434 595 Q3'21 $1,700 $300 $306 18% $52 $81 5% $5 $34 2% $0.01 $0.07 $505 30% $1,109 609 Year-over-year Q3'20 vs Q3'21 GlobalFoundries © 2021 All Rights Reserved $609 $434 $440 $402 $431 $299 $328 $0.59 $0.65 $230 $842 131 56% 325% 329% +3029bps 115% 123% +3684bps 102% 112% +2891bps 102% 112% 84% +450bps 315% 27% Sequential Q2'21 vs Q3'21 $80 $69 $39 $155 $40 $179 $64 $0.36 $0.13 $39 $675 14 5% 30% 15% +155bps 150% 98% +224bps 103% 213% +386bps 103% 217% 8% +96bps 156% 2% Note: 1. In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the periods ended September 30, 2020 and December 31, 2020 would have been an estimated $309 million and $501 million higher than reported results, respectively. 2. Please see Appendix for a reconciliation of non-IFRS metrics to IFRS metrics. Adjusted gross margin is adjusted gross profit divided by revenue 3. Any discrepancies in totals or in percentages are due to rounding. GlobalFoundries™ 9#10Q3'21 Revenue by End Market ($ in millions) ¹ Smart Mobile Devices Communications Infrastructure & Datacenter Home and Industrial IOT Automotive Personal Computing NWR/Corp Revenue Q3'20 $587 $213 $159 $22 $187 ($77) $1,091 Q2'21 $847 $228 $201 $61 $154 $129 $1,620 Q3'21 $849 $285 $218 $103 $113 $132 $1,700 Year-over-year Q3'20 vs Q3'21 GlobalFoundries © 2021 All Rights Reserved $262 45% $72 $59 $81 ($74) $209 $609 34% 37% 368% (40%) NM 56% Sequential Q2'21 vs Q3'21 $2 $57 $17 $42 ($41) $3 $80 0% 25% 8% 69% (27%) 2% 5% Note: 1. In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the periods ended September 30, 2020 and December 31, 2020 would have been an estimated $309 million and $501 million higher than reported results, respectively. 2. Any discrepancies in totals or in percentages are due to rounding. GlobalFoundries™ 10#11End Market Highlights Communications Infrastructure & Datacenter Q3'21 Rev. Y /Y KEY HIGHLIGHTS Smart Mobile Devices $849m +45% Ramp of 2020 DWINs in Image sensor, 5G RF Front End and WiFi6e new markets Continued growth in Sub 6GHz market as 5G-enabled handsets expected to nearly double in 2021 Higher GF Silicon content in 5G handsets. $285m +34% GF customers increasing market share in the growing Datacenter market Broad-based strength from Enterprise and Datacenter Networking Communications customers Growth from customers exposed to the cellular infrastructure and RF Transceiver end markets Home and Industrial loT $218m +37% Ramp of key products in lo in addition to increased ASPs from key customers for applications such as DTVs, WiFi and wireless payments Broad-based growth for microcontrollers (MCUS) GlobalFoundries © 2021 All Rights Reserved Automotive $103m +368% Ramp of new designs that have been in development and qualification for the past few years GF automotive solutions now going into a variety of automotive products such as in-vehicle comfort, safety and battery management solutions for EVs ITT Personal Computing $113m -40% Declining personal computing market SAM due to continued and expected transition of certain customer designs to lower nodes GF optimizing and prioritizing wafer capacity for higher profits and more durable demand from other end markets GlobalFoundries 11#12Q4'21 Guidance GlobalFoundries © 2021 All Rights Reserved GlobalFoundries™ | 12#13Key Q4'21 Guidance4 ($ in millions, except per share data) Low-end Revenue 3. 4. Adj. Gross Profit(1,3) Adj. Operating Profit (1,3) Adj. EBITDA (2,3) Adj. EPS(1,3) $1,800m $344m $92m $510m $0.09 Mid-point $1,815m $352m $102m $520m $0.11 High-end $1,830m $359m $112m $530m $0.13 Note: 1. Adjusted gross profit (loss), operating profit (loss) and EPS for a particular period is defined as gross profit (loss), operating profit (loss) and EPS before share-based compensation expense, respectively 2. Adjusted EBITDA is defined as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization adjusted for share-based compensation expense, one-time transaction gains and associated expenses, one-time restructuring charges and litigation settlements Adjust margins are defined as adjusted profit (loss) divided by revenue for a particular period (using definitions of adjusted gross profit, adjusted operating profit, and adjusted EBITDA) The guidance provided above contains a number of assumptions, is based on current plans and expectations and is subject to a number of known and unknown certainties and risks. The information presented here is forward-looking and reflects expectations as of November 30, 2021. We assume no obligation to update this statement. Results may be materially different and are affected by many factors detailed in our SEC filings. GF has not provided a reconciliation of its Fourth Quarter fiscal quarter outlook for non-IFRS gross margin, non-IFRS operating profit margin, non-IFRS EPS or Non-IFRS Adjusted EBITDA Margin because estimates of all of the reconciling items cannot be provided without unreasonable efforts. It is difficult to reasonably provide a forward-looking estimate between such forward-looking non-IFRS measures and the comparable forward-looking IFRS measures. Certain factors that are materially significant to GF's ability to estimate these items are out of its control and/or cannot be reasonably predicted. GlobalFoundries™ GlobalFoundries © 2021 All Rights Reserved 13#14Appendix: Summary Financials and Reconciliations GlobalFoundries © 2021 All Rights Reserved GlobalFoundries™ 14#15Quarterly P&L (1,2) ($ in millions) Revenue Adj. Gross Profit % Margin Adj. Operating Income % Margin Adj. Net Income % Margin Adj. EPS Adj. EBITDA % Margin Q1 $1,379 ($178) (12.9%) ($404) (29.3%) ($297) (21.5%) ($0.59) $277 20.1% Q2 $1,318 ($183) (13.9%) ($410) (31.1%) ($236) (17.9%) ($0.47) $258 19.6% 2020 Q3 $1,091 ($134) (12.3%) ($350) (32.1%) ($293) (26.9%) ($0.58) $275 25.2% Q4 $1,062 ($218) (20.6%) ($491) (46.2%) ($524) (49.4%) ($1.05) $166 15.7% Q1 $1,418 GlobalFoundries © 2021 All Rights Reserved $99 7.0% ($95) (6.7%) ($127) (9.0%) ($0.25) $294 20.7% 2021 Q2 $1,620 $267 16.5% $41 2.5% ($30) (1.9%) ($0.06) $466 28.7% Q3 $1,700 $306 18.0% $81 4.8% $34 2.0% $0.07 $505 29.7% Note: 1. In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the periods ended September 30, 2020 and December 31, 2020 would have been an estimated $309 million and $501 million higher than reported results, respectively. 2. Any discrepancies in totals or in percentages are due to rounding. GlobalFoundries 15#16Quarterly Balance Sheet ($ in millions) (in millions USD) Assets: Cash and cash equivalents Receivables, prepayments and other Inventories Current assets Deferred tax assets Property, plant, and equipment, net Other assets Noncurrent assets Total assets Liabilities and Equity: Current portion of long-term debt Current portion of finance lease obligations Other current liabilities Current liabilities Noncurrent portion of long-term debt Noncurrent portion of finance lease obligations Other liabilities Noncurrent liabilities Stockholders' Equity: Common stock/additional paid-in capital Accumulated deficit Loan from shareholder and other² Total liabilities and equity December 31, 2020 $908 1,159 920 $2,987 444 8,226 665 9,335 $12,322 $382 131 1,383 1,896 1,956 333 895 3,184 11,718 (15,219) 10,743 $12,322 September 30, 2021 $1,019 1,059 1,078 3,156 398 8,466 627 9,491 $12,647 $371 95 1,958 2,424 1,725 350 1,646 3,721 11,887 (15,512) 10,127 $12,647 Note: 1. Any discrepancies in totals or in percentages are due to rounding. 2. On October 3, 2021, GF executed the conversion of the entire Shareholder Loans balance of $10,112,687 thousand under our loan facilities with Mubadala Investment Company PJSC into additional paid-in-capital, which did not have an impact on shares outstanding or have any dilutive effects, as no additional shares were issued. GlobalFoundries © 2021 All Rights Reserved GlobalFoundries™ 16#17Quarterly Cash Flow ($ in millions) (in millions USD) Cash Flows from Operating Activities: Net income (loss) Depreciation and amortization Finance expense, net Deferred income taxes Other non-cash operating activities Change in net working capital Net cash provided by operating activities Cash Flows from Investing Activities: Purchases of property, plant, equipment, and intangible assets Other investing activities Net cash used in investing activities Cash Flows from Financing Activities: Repayments of shareholder loan Repayment of debt, net Other financing activities Net cash used in financing activities Effect of exchange rate changes Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Note: 1. Any discrepancies in totals or in percentages are due to rounding. Three Months Ended September 30, 2020 September 30, 2021 GlobalFoundries © 2021 All Rights Reserved ($293) 612 34 (53) (58) 25 $267 ($123) ($123) $0 (315) 28 (287) 3 (140) 1,269 $1,129 $5 415 27 20 2 640 $1,109 ($392) 30 ($362) ($442) (87) 4 (525) (8) 214 805 $1,019 GlobalFoundries™ 17#18Quarterly IFRS to Non-IFRS reconciliations ($ in millions) Adjusted Gross Profit (Loss) Gross profit (loss) for the period Share based compensation Adjusted gross profit (loss) Revenue Adjusted gross margin (%) Adjusted Operating Profit (Loss) Operating profit (loss) for the period Share based compensation Adjusted operating profit (loss) Revenue Adjusted operating margin (%) Adjusted Net Income (Loss) Net income (loss) for the period Share based compensation Adjusted net income (loss) Shares outstanding Adjusted earnings per share Note: 1. Any discrepancies in totals or in percentages are due to rounding. Q1 ($178) ($178) $1,379 (12.9%) Q1 ($404) ($404) $1,379 (29.3%) Q1 ($297) ($297) $500 ($0.59) Q2 ($183) ($183) $1,318 (13.9%) Q2 ($411) ($411) $1,318 (31.2%) Q2 ($237) ($237) $500 ($0.47) 2020 2020 2020 GlobalFoundries © 2021 All Rights Reserved Q3 ($134) ($134) $1,091 (12.3%) Q3 ($350) ($350) $1,091 (32.1%) Q3 ($293) ($293) $500 ($0.58) Q4 ($218) ($218) $1,062 (20.6%) Q4 ($491) ($491) $1,062 (46.2%) Q4 ($524) ($524) $500 ($1.05) Q1 $99 $99 $1,418 7.0% Q1 ($95) ($95) $1,418 (6.7%) Q1 ($127) ($127) $500 ($0.25) 2021 Q2 $231 $36 $267 $1,620 16.5% 2021 Q2 ($103) $144 $41 $1,620 2.5% 2021 Q2 ($174) $144 ($30) $500 ($0.06) Q3 $300 $6 $306 $1,700 18.0% Q3 $52 $29 $81 $1,700 4.8% Q3 $5 $29 $34 $500 $0.07 GlobalFoundries™ 18#19Quarterly IFRS to Non-IFRS reconciliations ($ in millions) Adjusted EBITDA Net Income (Loss) for the period Adjustments to net income (loss): Depreciation and amortization Finance expense Income tax expense (benefit) Share based compensation Restructuring and corporate severance programs (Gain) on transactions, legal settlements and transaction expenses Adjusted EBITDA Note: 1. Any discrepancies in totals or in percentages are due to rounding. Q1 ($297) $642 $39 $3 ($110) $277 Q2 ($237) $643 $43 $36 $1 ($228) $258 2020 Q3 ($293) $612 $34 ($56) $2 ($24) $275 GlobalFoundries © 2021 All Rights Reserved Q4 ($524) $626 $38 $8 $11 $7 $166 Q1 ($127) $377 $29 $10 $5 $294 2021 Q2 ($174) $408 $29 $20 $144 $5 $34 $466 Q3 $5 $415 $28 $22 $29 $2 $4 $505 GlobalFoundries™ 19#2018 GlobalFoundries™ For further information, please contact: Investor Relations [email protected] Thank You f O The information contained herein is the property of Global Foundries and/or its licensors. This document is for informational purposes only, is current only as of the date of publication and is subject to change by GlobalFoundries at any time without notice. GlobalFoundries, the GlobalFoundries logo and combinations thereof are trademarks of GlobalFoundries Inc. in the United States and/or other jurisdictions. Other product or service names are for identification only and be trademarks or service marks of their respective owners. GlobalFoundries Inc. 2021. Unless otherwise indicated, all rights reserved. Do not copy or redistribute except as expressly permitted by GlobalFoundries.