#1JE GlobalFoundries First Quarter 2022 Financial Results (Unaudited) May 10, 2022 0% would 2015#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 the COVID-19 pandemic and supply chain disruptions due to the Russia/Ukraine conflict and actions taken in response to such events; 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. 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 2021 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. 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, adjusted net income (loss), adjusted diluted EPS and adjusted EBITDA. We define adjusted gross profit (loss) as gross profit (loss) 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. We define adjusted diluted EPS as adjusted net income (loss) divided by the dilutive shares. We define adjusted EBITDA as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization, share-based compensation expense, transaction gains and associated expenses, restructuring charges and litigation settlements. 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 © 2022 All Rights Reserved GlobalFoundries™ 2#3Q1'22 Results GlobalFoundries © 2022 All Rights Reserved GlobalFoundries™ 3#4Key Q1'22 Results (Unaudited) Wafer Shipments 300mm equivalents (k) +14% 548 Q1'21 625 Q1'22 +37% Millions USD 1,418 Revenue Q1'21 1,940 Q1'22 Adjusted EBITDA & Margin Millions USD GlobalFoundries © 2022 All Rights Reserved +137% 294 20.7% Q1'21 698 36.0% Q1'22 Note: We define adjusted EBITDA as net income (loss), excluding the impact of finance interest expense, income tax expense, depreciation, amortization, share-based compensation expense, transaction gains and associated expenses, restructuring charges and litigation settlements; a reconciliation of adjusted non-IFRS to IFRS metrics can be found in the Appendix. GlobalFoundries 4#5Key Recent Announcements Announced Silicon Photonics (GF Fotonix) collaboration with industry leaders including Nvidia, Broadcom, Cisco, & Marvell. GF announced the expiration of the waiting period under the HSR Act for ONsemi's proposed acquisition of GF's East Fishkill, NY site. Transaction is on track to close at the end of 2022. Dr. Bobby Yerramilli- Rao appointed as an independent director of the company's board of directors. He is currently chief strategy officer and corporate vice president of strategy at Microsoft. GlobalFoundries © 2022 All Rights Reserved As a part of GF's commitment to diversity and inclusion, GF hosted its 3rd Global Women conference, celebrating the vital role of women in technology. GlobalFoundries 5#6Quarterly Revenue Trend (Unaudited, Millions USD) 1,418 Q1'21 1,620 Q2'21 1,700 Q3'21 GlobalFoundries © 2022 All Rights Reserved 1,847 Q4'21 1,940 Q1'22 +37% Y/Y GlobalFoundries 6#7Adjusted Gross Margin Trend (Unaudited) 7.0% Q1'21 16.5% Q2'21 18.0% Q3'21 21.5% GlobalFoundries © 2022 All Rights Reserved Q4'21 25.3% Q1'22 Note: Adjusted gross profit (loss) for a particular period is defined as gross profit (loss) adjusted for share-based compensation expense; adjusted gross margin is adjusted gross profit divided by revenue. Please see Appendix for a reconciliation of adjusted non-IFRS to IFRS metrics. +1830 bps GlobalFoundries™ 7#8Adjusted EBITDA Margin Trend (Unaudited) 20.7% Q1'21 28.8% Q2'21 29.7% Q3'21 31.6% GlobalFoundries © 2022 All Rights Reserved Q4'21 36.0% Q1'22 +1530 bps Note: We define adjusted EBITDA as net income (loss), excluding the impact of finance interest expense, income tax expense, depreciation, amortization, share-based compensation expense, transaction gains and associated expenses, restructuring charges and litigation settlements. Adjusted EBITDA margin is adjusted EBITDA divided by revenue. See Appendix for a reconciliation of adjusted non-IFRS metrics to IFRS metrics. GlobalFoundries 8#9Q1'22 Financial Summary (Unaudited, in millions USD, except per share data and wafer shipments) Net revenue Gross profit Gross margin Adjusted gross profit¹ Adjusted gross margin Operating profit (loss) Operating margin Adjusted operating profit (loss) Adjusted operating margin Net income (loss) Net income (loss) margin $ $ $ $ $ $ $ $ $ $ Q1'21 $ 1,418 99 $ 7.0 % 99 7.0% $ 1,847 (95) $ (6.7) % $ (95) $ (6.7) % (127) $ (9.0) % (127) $ (9.0) % (0.25) $ (0.25) $ 294 20.7% 148 548 Q4'21 $ 384 $ 20.8% 397 $ 21.5 % 87 $ 4.7 % 142 $ 7.7 % 43 2.3% $ 1,940 $ 469 $ 24.2% 98 5.3% $ $ 0.08 $ $ 1,148 0.18 $ 622 584 $ 31.6% Q1'22 $ 490 25.3% 225 11.6% 279 14.4% Adjusted net income (loss) Adjusted net income (loss) margin Diluted (loss) earnings per share ("EPS") Adjusted diluted EPS Adjusted EBITDA Adjusted EBITDA margin Cash from operations Wafer shipments (300MM Equivalent) (in thousands) Note: Adjusted gross profit, adjusted operating profit (loss), adjusted net income (loss), adjusted diluted EPS, and adjusted EBITDA are adjusted non-IFRS metrics; please see the reconciliation of IFRS to adjusted non-IFRS metrics in the Appendix. GlobalFoundries © 2022 All Rights Reserved 232 12.0% $ 178 $ 9.2 % 0.33 $ $ 625 $ $ 0.42 $ 698 $ 36.0 % 845 $ Year-over-year Q1'22 vs Q1'21 522 370 391 320 374 305 359 0.58 0.67 404 697 77 37% $ 374 % $ +1,720bps 395 % $ +1,830bps 337 % $ +1,830bps 394% $ +2,110bps 240 % $ +1,820bps 283 % $ +2,100bps 232 % $ 268% $ 137 % $ +1,530bps 471 % $ 14% Sequential Q1'22 vs Q4'21 93 85 93 138 137 135 134 0.25 0.24 114 (303) 3 5% 22% +340bps 23% +380bps 159 % +690bps 96% +670bps 314% +690bps 137 % +670bps 301 % 133 % 20% +440bps (26) % 0.5% GlobalFoundries 9#10Q1'22 Revenue by End Market (Unaudited, in millions USD) Smart Mobile Devices Communications Infrastructure & Datacenter Home and Industrial lo Automotive Personal Computing Non-Wafer and Corporate Other Revenue Revenue Q1'21 $765 $182 $209 $30 $98 $134 $1,418 Q4'21 $888 $304 $254 $93 $114 $194 $1,847 Q1'22 $977 GlobalFoundries © 2022 All Rights Reserved $327 $323 $81 $41 $191 $1,940 Year-over-year Q1'21 vs Q1'22 $212 $145 $114 $51 $57 28% $522 80% 55% $(57) (58)% 170% 43% 37% Sequential Q4'21 vs Q1'22 $89 $23 $69 $(12) $(3) 10% $93 8% 27% $(73) (64)% (13)% (2)% 5% GlobalFoundries 10#11Revenue Mix by End Market (Unaudited) 2% 15% 7% 13% 9% Q1'21 54% 17% 4% 2% 17% 10% Q1'22 GlobalFoundries © 2022 All Rights Reserved 50% 46 Smart Mobile Devices Communications Infrastructure & Datacenter Home & Industrial loT Automotive Personal Computing Non-Wafer & Corporate Other GlobalFoundries 11#12Q2'22 Guidance GlobalFoundries © 2022 All Rights Reserved GlobalFoundries™ | 12#13Q2'22 Guidance (Unaudited, in millions USD except per share amounts) Net revenue Gross Profit Gross Margin (mid-point) Operating Profit Operating Margin (mid-point) Net Income Net Income Margin (mid-point) Diluted EPS Adjusted EBITDA Adj. EBITDA Margin (mid-point) IFRS $1,955 $1,985 $470-$504 25% $206 - $251 12% $169 $211 10% $0.31 $0.38 Share-based compensation $27 - $33 $54- $66 $54- $66 Non-IFRS Adjusted GlobalFoundries © 2022 All Rights Reserved $503 $531 26% $272 $305 15% $235- $265 13% $0.43 $0.48 $705- $745 36.8% Notes: The guidance provided above contains forward-looking statements as defined by the Private Securities Litigation Reform 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 significant to GF's ability to estimate these items cannot be reasonably predicted. Adjusted gross profit (loss), adjusted operating profit (loss), adjusted net income, and adjusted diluted EPS for a particular period are non-IFRS metrics and are defined as gross profit (loss), operating profit (loss), net income, and EPS before share-based compensation expense, respectively. We define adjusted EBITDA as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization, share-based compensation expense, transaction gains and associated expenses, restructuring charges and litigation settlements. Adjusted margins are non-IFRS metrics and are defined as adjusted profit (loss) divided by revenue for a particular period (using definitions of adjusted gross profit, adjusted operating profit, adjusted net income, and adjusted EBITDA as appropriate). GlobalFoundries™ 13#14Appendix: Summary Financials and Reconciliations GlobalFoundries © 2022 All Rights Reserved GlobalFoundries™ 14#15Statement of Operations (Unaudited, in millions USD except per share amounts) Net revenue Cost of sales Gross profit (loss) Operating expenses: Research and development Sales, marketing, general and administrative Total operating expenses Impairment charge Total non-operating expenses Operating profit (loss) Finance expense, net Other income (loss) Income tax benefit (expense) Net income (loss) Attributable to: Shareholder of GlobalFoundries Non-controlling interest Earnings (loss) per share: Basic Diluted Shares used in earnings (loss) per share calculation Basic Diluted $ $ $ $ $ Q1 1,379 $ 1,557 (178) 126 101 227 (404) (38) 145 (297) $ (297) $ $ (0.59) $ (0.59) $ 500 500 Q2 2020 1,318 $ 1,501 (183) 117 109 226 2 2 (411) (42) 252 (36) (237) $ (235) $ (2) $ (0.47) $ (0.47) $ 500 500 Q3 1,091 $ 1,225 (134) 117 99 216 (350) (34) 35 56 (293) $ (292) $ (1) $ (0.58) $ (0.58) $ 500 500 Q4 1,062 $ 1280 (218) 116 136 252 21 21 (491) (38) 13 (8) (524) $ (523) $ (1) $ (1.05) $ (1.05) $ 500 500 Q1 1,418 $ 1,319 99 103 91 194 (95) (28) 7 (11) (127) $ (126) $ (1) $ (0.25) $ (0.25) $ 500 500 Q2 2021 1,620 $ 1,389 231 132 202 334 (103) (28) (24) (20) (174) $ (173) $ (1) $ (0.35) $ (0.35) $ 500 500 Q3 1,700 $ 1,400 300 114 134 248 52 (27) 2 (22) 5 $ 6 $ (1) $ 0.01 $ 0.01 $ 500 512 Q4 1,847 $ 1463 384 130 167 297 87 (26) 8 (26) 43 $ 44 $ (1) $ 0.08 $ 0.08 $ 522 540 2022 Q1 1,940 1,471 469 128 116 244 225 (28) 10 (29) 178 179 (1) 0.34 0.33 532 549 Note: 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 quarters ended September 30, 2020 and December 31, 2020 would have been an estimated $309 million and $501 million higher than reported results, respectively. GlobalFoundries © 2022 All Rights Reserved GlobalFoundries™ 15#16Balance Sheet (Unaudited, 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 Other current liabilities Current liabilities Noncurrent portion of long-term debt Other liabilities Noncurrent liabilities Stockholders' equity: Common stock/additional paid-in capital Accumulated deficit Accumulated other comprehensive income (loss) Non-controlling interest Total liabilities and equity Notes: ¹Audited annual statement of consolidated financial position 2Unaudited interim statement of consolidated financial position December 31, 20211 $ $ $ $ 2,939 $ 1,231 1,121 5,291 353 8,713 671 9,737 15,028 $ 297 $ 2,866 3,163 1,716 2,116 3,832 23,498 (15,469) (54) 58 15,028 $ GlobalFoundries © 2022 All Rights Reserved March 31, 2022² 3,264 1,210 1,185 5,659 337 9,173 733 10,243 15,902 281 3,039 3,320 1,830 2,413 4,243 23,551 (15,290) 21 57 15,902 GlobalFoundries 16#17Statement of Cash of Cash Flows (Unaudited, 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 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: Repayments of shareholder loan 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 March 31, 2022 March 31, 2021 GlobalFoundries © 2022 All Rights Reserved (127) $ 377 8 15 (30) (95) 148 (302) 45 (257) (126) (75) 39 (162) (2) (273) 908 635 $ 178 408 9 19 42 189 845 (643) (639) 107 11 118 1 325 2,939 3,264 GlobalFoundries 17#18IFRS to Non-IFRS Reconciliations (Unaudited, in millions USD except per share amounts) Gross profit (loss) for the period Share based compensation Adjusted gross profit (loss) Net revenue Adjusted gross margin (%) Operating profit (loss) for the period Share based compensation Adjusted operating profit (loss) Net revenue Adjusted operating margin (%) Net income (loss) for the period Share based compensation Adjusted net income (loss) Diluted EPS Shares outstanding Adjusted diluted EPS $ $ $ $ $ $ $ $ $ Q1 (178) $ Q1 (404) $ (178) $ (183) $ 1,379 $ 1,318 $ (12.9) % (13.9) % (404) $ 1,379 $ (29.3) % Q1 Q2 $ (0.59) $ (183) $ 2020 Q2 Q2 2020 (411) $ 1 (410) $ 1,318 $ (31.1) % 2020 (297) $ (237) $ 1 (297) $ (236) (0.59) $ (0.47) 500 500 (0.47) $ Q3 (134) Q3 (350) $ Q3 (134) $ (218) $ 99 $ 1,091 $ 1,062 $ 1,418 $ (12.3) % (20.5) % 7.0 % (293) $ Q4 $ (218) $ 99 (350) $ (491) 1,091 $ 1,062 (32.1) % (46.2) % Q4 (491) $ Q1 Q4 (524) $ Q1 $ $ 1,418 (6.7) % $ (95) $ (95) $ Q1 (127) $ Q2 (103) 144 41 $ 1,620 2.5% $ (293) $ (0.58) $ (524) $ (127) $ (1.05) $ (0.25) 500 500 500 (0.58) $ (1.05) $ (0.25) $ GlobalFoundries © 2022 All Rights Reserved Q2 2021 231 300 $ 36 6 267 $ 306 $ 1,620 $ 1,700 $ 16.5% 18.0 % Q2 $ 2021 $ (174) 144 $ (30) $ $ (0.35) $ 500 (0.06) 52 $ 29 $ 81 $ 1,700 2021 Q3 $ $ Q3 4.8 % Q3 0.01 512 0.07 5 29 34 $ $ $ Q4 87 55 $ 142 $ 1,847 $ Q4 384 469 13 21 397 $ 490 1,847 $ 1,940 21.5 % 25.3% 7.7 % Q4 $ 43 55 98 0.08 540 0.18 $ $ $ $ $ $ 2022 Q1 $ 2022 Q1 225 54 279 1,940 14.4 % 2022 Q1 178 54 232 0.33 549 0.42 GlobalFoundries 18#19IFRS to Non-IFRS Reconciliations (Unaudited, in millions USD) Net Income (Loss) for the period Depreciation and amortization Finance expense Income tax expense (benefit) Share based compensation Restructuring and corporate severance programs (Gains)/Losses on transactions, legal settlements and transaction expenses Adjusted EBITDA $ $ Q1 (297) $ 642 39 3 (110) 277 $ Q2 2020 (237) $ 643 43 36 1 (228) 258 $ Q3 (293) $ 612 34 (56) - 2 (24) 275 $ Q4 (524) $ 626 38 8 - 11 7 166 $ Q1 (127) $ 377 29 10 GlobalFoundries © 2022 All Rights Reserved 5 294 $ Q2 2021 (174) $ 408 29 20 144 5 34 466 $ Q3 5 $ 415 28 22 29 2 4 505 $ Q4 43 419 28 26 55 5 8 $ 584 $ 2022 Q1 178 408 29 29 54 T 698 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. 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