Monetizing Innovation and Financial Reconciliation

Reconciliation from EBIT IFRS reported to EBIT adjusted figures Q2 2023, All figures in EURm ထု 48 40 13 1 2 -6. '11' -1,324 50 1,313 EBIT IFRS Result from Equity Investments Result from the sale of Asset restructuring businesses Transformation Share-based M&A-related costs compensation costs costs Goodwill impairment 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

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