Monetizing Innovation and Financial Reconciliation

Group profitability - adj. EBIT margin improved sequentially All figures in EURm/% of revenues Gross profit, gross margin (adj.)1) EBIT, EBIT margin (adj.)1) 32% 9% 29% 29% 28% 509 104 374 --13%* 272 237 Q2 2022 Q1 2023 Q2 2023 H1 2023 - Gross profit in-line with company expectations - Continued to be impacted by meaningful underutilization effects in manufacturing - 6% 6% 5% ·0%* 50 50 100 Q2 2022 Q1 2023 Q2 2023 H1 2023 Adj. EBIT margin at top end of guidance range - Reduced adj. operating expenses support improved profitability sequentially - Clear target to increase profitability amu OSRAM 47 1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses

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