Q1 2024 Earnings Report

Signify reported Q1 24 sales of EUR 1.5 billion, CSG of -10.1% and an adj. EBITA margin of 8.3% Sales (in EURM) & comparable sales growth (in %) CSG -9.1% -10.1% 1,678 1,468 Q1 23 Q1 24 -8.6% -7.8% -7.7% 1,644 1,649 1,734 Q2 23 Q3 23 Q4 23 Adjusted EBITA (in EURm & as % of sales) % 8.9% 8.3% 8.3% 10.7% 12.1% 149 122 136 177 209 Q1 23 Q1 24 Q2 23 Q3 23 Q4 23 4 • Key observations for Q1 24 126 million connected light points (Q4 23: 124 million) LED-based sales were 87% of total sales Nominal sales decline of 12.5% (including FX impact of -2.6%) to EUR 1,468m Comparable sales decline of 10.1% Adjusted EBITA margin decrease of 60 bps to 8.3% Gross margin improvement Under-absorption of fixed costs Net income of EUR 44m (Q1 23: EUR 28m) Free Cash Flow of EUR 80m (Q1 23: EUR 51m) Signify

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