Monetizing Innovation and Financial Reconciliation

Cash Flow - Strong Operating CF at EUR 232 million in Q2 All figures in EURm / Operating Cash Flow % of revenues 53 Operating / Free Cash Flow (FCF) 18% 8% Capital expenditures 27% 33% 22% 31% 32% 8% 565 394 232 162 302 263 100 3 97 -31 -139 -171 Q2 2022 Q1 2023 Q2 2023 H1 2023 Q2 2022 Q1 2023 Q2 2023 H1 2023 Free Cash Flow - - Operating Cash Flow Very strong operating cash flow generation, up year-on-year and sequentially (27% of revenues) Free cash flow (FCF) development as expected given substantial capital expenditures - Continued meaningful CAPEX driven by industry- first 8" LED front-end fab, in line with plans Focused investments in European manufacturing footprint (Austria and Germany) amu OSRAM

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