#1J GlobalFoundries Second Quarter 2023 Financial Results August 8, 2023 (unaudited)#2Disclaimer This presentation and the accompanying oral presentation include "forward-looking statements," that reflect our current expectations and views of future events. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," "shall," "outlook," "on track," and variations of these terms or the negative 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 broad variety of risks and uncertainties, both known and unknown. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by geopolitical conditions such as the ongoing political and trade tensions with China and the Russia/Ukraine conflict; the market for our products may develop or recover more slowly than expected or than it has in the past; we may fail to achieve the full benefits of our restructuring plan; our operating results may fluctuate more than expected; there may be significant fluctuations in results of operations and cash flows related to our revenue cogr on 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, including due to increasing interest rates, rising inflation, and any potential recession. 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. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2022 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission. Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov. 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 IFRS, this presentation and the accompanying oral presentation include the following adjusted non-IFRS metrics: adjusted gross profit, adjusted operating profit, (loss) adjusted net income (loss), adjusted diluted earnings (loss) per share ("EPS"), adjusted EBITDA, adjusted operating margin and adjusted EBITDA margin. We define adjusted gross profit as gross profit adjusted for share-based compensation expense. 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, restructuring charges, and the associated tax impact. We define adjusted diluted earnings (loss) per share as adjusted net income (loss) divided by the dilutive shares. We define adjusted EBITDA as net income (loss), adjusted for the impact of finance expense, finance income, income tax expense, depreciation, amortization, share-based compensation expense, divestiture gains and associated expenses, restructuring charges, labor optimization initiatives, and litigation settlements. We define adjusted gross margin as adjusted gross profit divided by revenue. We define adjusted operating margin as adjusted operating profit divided by net revenue. We define adjusted EBITDA margin as adjusted EBITDA divided by net revenue. We believe that in addition to our results determined in accordance with IFRS, these adjusted non-IFRS measures provide useful information to both management and investors in measuring our financial performance and condition and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These adjusted 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. For further information regarding these non-IFRS measures, please refer to the Appendix. Adjusted 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 adjusted 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 © 2023 All Rights Reserved 2#3Q2'23 Results 3#4Key Q2'23 Results (Unaudited) -7% 1,993 Q2'22 Revenue Millions USD 1,845 Q2'23 Adjusted EBITDA & Margin Millions USD -15% 784 39.3% Q2'22 668 36.2% Q2'23 Wafer Shipments 300mm equivalents (k) -9% 630 Q2'22 573 Q2'23 Note: We define adjusted EBITDA as net income (loss), excluding the impact of finance expense, finance income, income tax expense, depreciation, amortization, share-based compensation expense, divestiture gains and associated expenses, restructuring charges, labor optimization initiatives, and litigation settlements; See "Unaudited reconciliation of Net Income to Adjusted EBITDA" found in the Appendix. Effective Q3'22, the Company has revised its definition of Adjusted EBITDA to include an adjustment for finance income. GlobalFoundries © 2023 All Rights Reserved 4#5Key Recent Announcements GF and Lockheed Martin announced a strategic collaboration to advance U.S. semiconductor manufacturing and innovation and to increase the security, reliability and resiliency of domestic supply chains for national security systems. The U.S. Department of Defense accredited GF's advanced manufacturing facility in Malta, New York, as a Category 1A Trusted Supplier with the ability to manufacture secure semiconductors for a range of critical aerospace and defense applications. GF published its Annual Corporate Responsibility Report, highlighting the company's commitment to minimizing our impact on the environment, driving positive change, and creating value through corporate responsibility. GlobalFoundries © 2023 All Rights Reserved 5#6Quarterly Revenue Trend (Unaudited, Millions USD) 1,993 Q2'22 2,074 Q3'22 2,101 Q4'22 1,841 Q1'23 1,845 Q2'23 -7% Y/Y GlobalFoundries © 2023 All Rights Reserved 6#7Adjusted Gross Margin Trend (Unaudited) 28.0% 29.9% 30.1% Q4'22 28.5% Q1'23 29.6% Q2'22 Q3'22 Note: Adjusted gross profit a Non-IFRS measure which we define as gross profit for a particular period, adjusted for share-based compensation expense; adjusted gross margin is adjusted gross profit divided by revenue. See Appendix for the unaudited reconciliation of IFRS to Non-IFRS metrics. Q2'23 +160 bps GlobalFoundries © 2023 All Rights Reserved 7#8Adjusted EBITDA Margins Trend (Unaudited) 39.3% _38.2% 39.1% Q3'22 35.6% Q4'22 36.2% Q2'22 Q1'23 Note: Adjusted EBITDA is a Non-IFRS measure which we define as net income (loss), excluding the impact of finance expense, finance income, income tax expense, depreciation, amortization, share-based compensation expense, divestiture gains and associated expenses, restructuring charges, labor optimization initiatives, and litigation settlements. Adjusted EBITDA margin is adjusted EBITDA divided by revenue. See Appendix for the unaudited reconciliation of IFRS to Non-IFRS metrics. Beginning in Q3 2022, the Company has revised its definition of Adjusted EBITDA to include an adjustment for finance income. GlobalFoundries © 2023 All Rights Reserved (310) bps Q2'23 8#9(Unaudited, in millions USD, except per share data and wafer shipments) Net revenue Gross profit Gross margin Adjusted gross profit(¹) Adjusted gross margin(¹) Operating profit Operating margin Adjusted operating profit(¹) Adjusted operating margin(¹) Net income Net income margin Adjusted net income (1)(2) Adjusted net income margin(¹) Diluted earnings per share ("EPS") Adjusted diluted earnings per share(¹) Adjusted EBITDA (1)(3) Adjusted EBITDA margin(¹) Cash from operations Wafer shipments (300MM Equivalent) (in thousands) SA Q2'23 1,845 532 28.8 % 546 29.6 % 275 14.9 % 338 18.3 % Q2'23 Financial Summary $ 237 $ 12.8 % 297 16.1 % 0.43 0.53 668 36.2 % 546 573 $ $ $ $ $ Q1'23 1,841 515 28.0 % 525 28.5 % 290 15.8 % 326 17.7% 254 13.8% 290 15.8 % 0.46 0.52 655 35.6 % 479 511 $ $ $ $ $ $ SA Q2'22 1,993 538 27.0% 559 28.0% 297 14.9% 350 17.6% 264 13.2 % 317 15.9 % 0.48 0.58 784 39.3 % 609 630 $ $ $ $ $ $ Year-over-year Q2'23 vs Q2'22 (148) (6) (13) (22) (12) (27) (20) (0.05) (0.05) (116) (63) (57) (7)% $ (1)% $ +180bps (2)% $ +160bps (7)% $ Obps (3)% $ +70bps (10)% $ (40)bps (6)% $ +20bps (10)% $ (9)% $ (15)% $ (310)bps (10)% $ (9)% Note: (1) Adjusted gross profit, adjusted operating profit, adjusted net income, adjusted diluted EPS, and adjusted EBITDA and related margins are adjusted non-IFRS metrics see Appendix for the unaudited reconciliation of IFRS to non-IFRS metrics. Sequential Q2'23 vs Q1'23 4 17 21 (15) 12 (17) 7 (0.03) 0.01 13 67 62 % 3% +80bps 4% +110bps (5)% (90)bps 4% +60bps (7)% (100)bps 2% +30bps (7)% 2% 2% +60bps 14% 12 % (2) Beginning in Q4 2022, the Company revised its definition of adjusted net income to include an adjustment for restructuring charges and the associated tax impact. The change was made due to a restructuring undertaken in Q4 2022. The Company believes the revised definition provides management and investors with more useful information to evaluate the operations of our business. Adjusted net income is now defined as net income adjusted for share-based compensation expense, restructuring charges and the associated tax impact. (3) Beginning in Q3 2022, the Company revised its definition of adjusted EBITDA to include an adjustment for finance income. The change was made due to the Company making an investment during Q2 2022 of approximately $1.0 billion in marketable securities. The Company believes the revised definition provides management and investors more useful information to evaluate the operations of our business. Adjusted EBITDA is now defined as net income (loss) adjusted for the impact of finance expense, finance income, income tax expense, depreciation, amortization, share-based compensation expense, divestiture gains and associated expenses, restructuring charges, labor optimization initiatives and litigation settlement. GlobalFoundries © 2023 All Rights Reserved 9#1009 Smart Mobile Devices Communications Infrastructure & Datacenter Home and Industrial loT Automotive Personal Computing Non-Wafer and Corporate Other Revenue Revenue Q2'23 Revenue by End Market Sequential Q2'23 vs Q1'23 Q2'23 $783 $211 $358 $245 $52 $196 $1,845 Q1'23 $696 $352 $344 $180 $36 $233 $1,841 Q2'22 $969 $342 $346 $82 $95 $159 $1,993 Year-over-year Q2'23 vs Q2'22 $(186) (19)% $(131) (38)% $12 $163 $37 3% $(43) (45)% $(148) 199% 23% (7)% $87 $(141) $14 $65 $16 $(37) $4 13% (40)% 4% 36% 44% (16)% -% GlobalFoundries © 2023 All Rights Reserved 10#11Revenue Mix by End Market (Unaudited) 4% 17% 5% 17% 8% Q2'22 49% 13% 3% 19% 11% Q2'23 12% 42% 19 Smart Mobile Devices Communications Infrastructure & Datacenter Home & Industrial loT il Automotive Personal Computing Non-Wafer & Corporate Other GlobalFoundries © 2023 All Rights Reserved 11#12Q3'23 Guidance 12#13Q3'23 Guidance (1) (Unaudited, in millions USD except per share amounts) Net revenue Gross Profit Gross Margin (mid-point)(³) Operating Profit Operating Margin (mid-point)(3) Net Income Net Income Margin (mid-point)(3) Diluted EPS IFRS $1,825 - $1,870 $485 - $527 27.4% $227 - $287 13.9% $204 - $262 12.6% $0.37 - $0.47 Share-Based Compensation $15-$17 $40 - $50 $40 - $50 Non-IFRS Adjusted (2) $502 - $542 28.3% $277 - $327 16.3% $254 - $302 15.0% $0.46 $0.54 Notes: (1)The guidance provided above contains forward-looking statements as defined in the U.S. Private Securities Litigation Act of 1995, and is subject to the safe harbors created therein. The guidance includes management's beliefs and assumptions and is based on information currently available. GF has not provided a reconciliation of its Second Fiscal Quarter outlook for adjusted Non-IFRS EBITDA and related margin because estimates of all of the reconciling items cannot be provided without unreasonable efforts. Certain factors that are materially signification to GF's ability to estimate these items are out of its control and/or cannot be reasonably predicted. (2) Adjusted gross profit, adjusted operating profit, adjusted net income, and adjusted diluted EPS are non-IFRS metrics and, for purposes of the Outlook only, are defined as gross profit, operating profit, net income, and EPS before share-based compensation expense, respectively. (3)Adjusted margins are non-IFRS metrics and for purposes of the Outlook only, are defined as adjusted gross profit, adjusted operating profit and adjusted net income, each divided by net revenue (using the definitions of adjusted gross profit, adjusted operating profit, and adjusted net income, in footnote (2) above, as appropriate) GlobalFoundries © 2023 All Rights Reserved 13#14Appendix: Summary Financials and Reconciliations 14#15Statement of Operations (Unaudited, in millions USD except per share amounts) Net revenue Cost of sales Gross profit Operating expenses: Research and development Sales, marketing, general and administrative Restructuring charges Total operating expenses Operating profit (loss) Finance income (expense), net Gain on sale fabrication facility Other income (expense) Income tax expense Net income (loss) Attributable to: Shareholders of GlobalFoundries Non-controlling interest Earnings (loss) per share ("EPS"): Basic Diluted Shares used in earnings (loss) per share calculation Basic Diluted $ Q1 $ 1,418 $ 1,620 1,319 1,389 99 GAGA 103 91 Q2 (126) (1) 2021 132 202 194 $ 334 (95) $ (103) (28) (28) 500 500 $ 231 $ (23) (20) (11) $ (127) $ (174) (173) (1) (0.25) $ (0.35) $ (0.25) $ (0.35) 500 500 $ 1,700 1,400 300 $ $ $ LA $ $ GA Q3 114 134 248 $ 52 $ (27) 2 (22) 5 LO 6 (1) 0.01 0.01 500 512 $ 1,847 $ 1,940 1,463 1,471 384 469 A LA $ SALA Q4 $ 130 167 - 297 $ 87 $ (26) 8 (26) 43 44 (1) $ 0.08 0.08 $ 522 540 $ $ GAGA Q1 $ 128 116 244 $ 225 (28) 10 (29) 178 179 (1) 0.34 0.33 532 549 Q2 $ 1,993 1,455 538 $ 2022 120 121 241 $ 297 (19) - 16 (30) 264 264 0.49 0.48 535 550 $ 2,074 1,464 $ 610 $ $ 253 $ 357 (11) $ Q3 GA $ 124 129 9 (19) 336 337 (1) 0.62 0.61 543 553 Q4 $ 2,101 1,479 $ 622 $ $ $ $ SAA $ 110 130 94 334 288 (2) 403 (13) (8) 668 668 1.22 1.21 546 554 $ SALA $ $ $ Q1 2023 1,841 1,326 515 109 111 5 225 290 1 (14) (23) 254 254 0.46 0.46 550 555 $ $ Q2 1,845 1,313 532 106 132 19 257 275 (10) (28) $ 237 240 $ 0.43 非非 GlobalFoundries © 2023 All Rights Reserved $ 0.43 552 556 15#16Balance Sheet (Unaudited, in millions USD) Assets: Cash and cash equivalents Receivables, prepayments and other Marketable securities Inventories Current assets Deferred tax assets Property, plant, and equipment, net Marketable securities Other assets Non-current assets Total assets Liabilities and equity: Current portion of long-term debt Other current liabilities Current liabilities Noncurrent portion of long-term debt Other liabilities Non-current liabilities Shareholders' equity: Common stock/additional paid-in capital Accumulated deficit Accumlated other comprehensive income (loss) Non-controlling interest Total liabilities and equity As of June 30, 2023 December 31, 2022 1,832 $ 1,232 955 1,504 5,523 245 10,789 516 742 12,292 17,815 $ 221 2,569 2,790 2,208 2,243 4,451 23,979 $ (13,527) 77 45 17,815 $ 2,352 1,487 622 1,339 5,800 292 10,596 372 781 12,041 17,841 223 3,136 3,359 2,288 2,234 4,522 23,842 (14,021) 92 47 17,841 GlobalFoundries © 2023 All Rights Reserved 16#17Statement of Cash Flows (Unaudited, in millions USD) (in millions USD) Cash flows from operating activities: Net income Depreciation and amortization Finance expense, net and other(1) Deferred income taxes Other non-cash operating activities Net change in 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: Proceeds from issuance of equity instruments and other Proceeds (repayment) of debt, net Other financing activities Net cash (used in) provided by financing activities Effect of exchange rate changes Net change 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 $ $ $ $ $ Three Months Ended June 30, 2023 237 340 (14) 24 50 (91) 546 (400) (488) (888) 9 (87) (4) (82) (424) 2,256 1,832 $ June 30, 2022 264 411 (10) 22 23 (101) 609 (812) (792) (1,604) 124 83 207 (2) (790) 3,264 2,474 (1) Finance expense, net and other has been adjusted to include interest and taxes paid that were previously included in "Other non-cash operating activities." Prior period amounts have been adjusted accordingly. GlobalFoundries © 2023 All Rights Reserved 17#18IFRS to Non-IFRS Reconciliations (Unaudited, in millions USD except per share amounts) Gross profit for the period Gross profit margin Share-based compensation Adjusted gross profit(¹) Adjusted gross profit margin(¹) Net revenue Selling, general and administrative Share-based compensation Adjusted selling.general and administrative Research and development Share-based compensation Adjusted research and development Operating profit (loss) for the period Operating profit (loss) margin Share-based compensation Restructuring charges(2) Adjusted operating profit (loss) (1) Adiusted operating profit (loss) margin(¹) Net revenue Net income (loss) for the period (³) Net income (loss) margin Share-based compensation (2) Restructuring charges Income tax effect(4) Adiusted net income (loss)(1)(5) Adjusted net income (loss) margin(¹) Diluted earnings (loss) per share Shares outstanding Adjusted diluted earnings (loss) per share(1) Net cash provided by (used in) operating Less: Purchase of property, plant and equipment Free cash flow(1) Q1 $99 7.0% $99 7.0% $1,418 Q1 $91 $91 Q1 $103 $103 Q1 $(95) (6.7)% $(95) (6.7)% $1,418 Q1 $(127) (9.0)% $(127) (9.0)% $(0.25) 500 $(0.25) Q1 Q2 $231 14.3% 36 $267 16.5% $1,620 Q2 $202 $97 $105 Q2 $132 $11 $121 Q2 $(103) (6.4)% $144 $41 2.5% $1,620 Q2 $(174) (10.7)% $144 $(30) (1.9)% $(0.35) 500 $(0.06) Q2 2021 2021 2021 2021 2021 2021 Q3 $300 17.6% 6 $306 18.0% $1,700 (3) Includes the gain on sale of our EFK business in December 2022. (4) Relates to restructuring charges since Q4 2022. (5) Reflects change to adjusted net income definition discussed in more detail elsewhere in this investor deck. Q3 $134 $21 $113 Q3 $114 $2 $112 Q3 $52 3.1% $29 $81 4.8% $1,700 Q3 $5 0.3% $29 $34 2.0% $0.01 512 $0.07 Q3 ||| Q4 $384 20.8% 13 $397 21.5% $1,847 Q4 $167 $33 $134 Q4 $130 $9 $121 Q4 $87 4.7% $55 $142 7.7% $1,847 Q4 $43 2.3% $55 $98 5.3% $0.08 540 $0.18 Q4 Q1 $469 24.2% 21 $490 25.3% $1,940 Q1 $116 $27 $89 Q1 $128 $6 $122 Q1 $225 11.6% $54 $279 14.4% $1,940 Q1 $178 9.2% $54 I $232 12.0% $0.33 549 $0.42 Q1 Q2 $538 27.0% 21 $559 28.0% $1,993 Q2 $121 $24 $97 Q2 $120 $8 $112 Q2 $297 14.9% $53 $350 17.6% $1,993 Q2 $264 13.2% $53 $317 15.9% $0.48 550 $0.58 Q2 2022 2022 2022 2022 2022 2022 Q3 $610 29.4% 11 $621 29.9% $2,074 Q3 $129 $15 $114 Q3 $124 $6 $118 Q3 $357 17.2% $32 $389 18.8% $2,074 Q3 $336 16.2% $32 $368 17.7% $0.61 553 $0.67 Q3 Q4 $622 29.6% $11 $633 30.1% $2,101 Q4 $130 $25 $105 Q4 $110 $7 $103 Q4 $288 13.7% $43 94 $425 20.2% $2,101 Q4 $668 31.8% $43 94 $(5) $800 38.1% $1.21 554 $1.44 Q4 Q1 $515 28.0% 10 $525 28.5% $1,841 Q1 $111 $17 $94 Q1 $109 $4 $105 Q1 $290 15.8% $31 5 $326 17.7% $1,841 Q1 $254 13.8% $31 5 $- $290 15.8% $0.46 555 $0.52 Q1 2023 2023 2023 2023 2023 2023 (1) Adjusted gross profit, adjusted selling, general and administrative expense, adjusted research and development expense, adjusted operating profit (loss), adjusted net income (loss), adjusted diluted earnings per share, free cash flow and any related margins are all Non-IFRS measures. See "Financial Measures (Non-IFRS)" for a discussion of why we believe these Non-IFRS measures are useful. (2) Includes $3.1 million of share based compensation in Q4 2022. Q2 $532 28.8% 14 $546 29.6% $1,845 Q2 $132 $24 $108 Q2 $106 $6 $100 Q2 $275 14.9% $44 19 $338 18.3% $1,845 Q2 $237 12.8% $44 19 $(3) $297 16.1% $0.43 556 $0.53 Q2 546 400 $146 GlobalFoundries © 2023 All Rights Reserved 18#19Unaudited reconciliation of Net Income to Adjusted EBITDA (Unaudited, in millions USD) Net Income (Loss) for the period Depreciation and amortization Finance expense Finance Income Income tax expense Share-based compensation Restructuring charges (¹) Labor optimizaton program Divestiture gains and associated expenses, legal settlements and transaction expenses(²) Adjusted EBITDA (1)(3)(4) (5) Adjusted EBITDA margin (1)(4)(5) Q1 $(127) 377 29 ΝΑ 10 5 I $294 20.7% Q2 $(174) 408 29 ΝΑ 20 144 5 34 $466 28.8% 2021 Q3 $5 415 28 ΝΑ 22 29 2 4 $505 29.7% Q4 $43 419 28 ΝΑ 26 55 5 8 $584 31.6% Q1 $178 408 29 ΝΑ 29 54 $698 36.0% Q2 $264 411 26 ΝΑ 30 53 $784 39.3% 2022 Q3 $336 395 28 (17) 19 32 I $793 38.2% Q4 $668 409 28 (26) 8 43 94 | (403) $821 39.1% Q1 $254 343 31 (32) 23 31 5 $655 35.6% 2023 Q2 $237 340 34 (34) 28 44 19 $668 36.2% Note: (1) Includes $3.1 million of share-based compensation in Q4 2022. (2) Activity for the year ended December 31, 2022, relates to the gain on the sale of our East Fishkill business. (3) Reflects changes to adjusted EBITDA definition discussed in more detailed elsewhere in this Investor Deck. (4) Includes interest income of $1.0 million in Q1 2022 and $7.0 million in Q2 2022. Had these numbers been included, our adjusted EBITDA and adjusted EBITDA margin would have been respectively, $697 million and 35.9% for Q1 2022, and $777 million and 39.0% for Q2 2022. (5)Adjusted EBITDA and related margin are Non-IFRS measures. See "IFRS to Non-IFRS Reconciliation" for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure. See "Financial Measures (Non-IFRS)" for a discussion of why we believe these Non-IFRS measures are useful. GlobalFoundries © 2023 All Rights Reserved 19#20Financial Measures (Non-IFRS) In addition to the financial information presented in accordance with IFRS, this press release includes the following Non-IFRS metrics: adjusted gross profit, adjusted selling, general and administrative expense, adjusted research and development expense, adjusted operating profit, adjusted net income, adjusted diluted earnings per share, adjusted EBITDA, free cash flow and any related margins. We define adjusted gross profit as gross profit adjusted for share-based compensation expense. We define adjusted selling, general and administrative expense as selling, general and administrative expense adjusted for share-based compensation expense. We define adjusted research and development expense as research and development expense adjusted for share-based compensation expense. We define adjusted operating profit as profit from operations adjusted for share-based compensation expense and restructuring charges. We define adjusted net income as net income adjusted for share- based compensation expense, restructuring charges and the associated tax impact. We define adjusted diluted EPS as adjusted net income divided by the dilutive shares. We define free cash flow as cash flow provided by (used in) operating activities less purchases of property, plant and equipment and intangible assets. We define adjusted EBITDA as net income, adjusted for the impact of finance expense, finance income, income tax expense, depreciation, amortization, share-based compensation expense, divestiture gains and associated expenses, restructuring charges, labor optimization initiatives and litigation settlements. We believe that in addition to our results determined in accordance with IFRS, these Non-IFRS measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. 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. Management believes that free cash flow as a Non-IFRS measure is helpful to investors as it provides insights into the nature and amount of cash the Company generates in the period. For further information regarding these Non-IFRS measures, please refer to "Unaudited Reconciliation of IFRS to Non- IFRS" table above. 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 © 2023 All Rights Reserved 20#2118 GlobalFoundrie For further information, please contact: Investor Relations [email protected] Thank you The information contained herein is the property of GlobalFoundries 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 may be trademarks or service marks of their respective owners. Ⓒ GlobalFoundries Inc. 2023. Unless otherwise indicated, all rights reserved. Do not copy or redistribute except as expressly permitted by GlobalFoundries.