Q3 2023 Financial Performance and Strategic Highlights

No clear upswing signal for next 12 month, long-term growth drivers remain sound Macro headwinds expected to prevail throughout next 12 months - afterwards, back to moderate growth track towards 2026 Macro sentiment Automotive sentiment Consumer sentiment Industry & Medical sentiment Outlook next 12 months Sep Eurozone PMI still weak in contraction while US PMI improving slightly below 50. China slightly above 50. GDP consensus expectations 2023/24 weaker in Eurozone 0.5% / 0.8% and China 5.0% / 4.5%, but higher in US 2.1% / 1.0% 2023 and 2024 semiconductor forecast w/o memory still at -3% yoy and +5.7% y-o-y. Light vehicle production in H2/2023 benefits from inventory restocking, still existing pent-up demand as well as higher export volumes and a stronger domestic demand in China; +7.5% y-o-y in 2023. H1/2024 expected to maintain momentum with eased macroeconomic headwinds; +2.6% y-o-y in 2024. Global smartphone forecast 2023/24 reduced to 1,139m / 1,144m units implying -0,4% / +2.2% growth. Despite an expected rebound in 4Q23, global smartphone shipments in 2023 lower than 2022. Wearable forecast 2023 slightly increased to 520 / 504m units implying +5,6% / +2.4% growth y-o-y. Electric market for automaton expected to grow +4% in 2024 vs. +9% in 2023. Global LED lighting shipment forecast for 2024 reduced to +4.5% y-o-y. Long-term outlook GDP consensus forecast shows moderately improving growth in Eurozone (1.6%) and US (1.5%). China consensus growth is expected to remain on 2024 level (4.6%), but recent IMF 2027 forecast was lowered to 3.7%. - Light vehicle production expected to shift to a more traditional demand- driven model with +1.6% y-o-y growth in 2025 to 90.6m and +1.8% y-o-y in 2026 to 92.2m units. - Significant growth in EVS (CAGR 30% over next 3 years) that usually also have come with additional emitter & sensor enabled innovations Global smartphone forecast 2025 shows growth increasing to 2.7% y-o-y to 1.182m units. Wearable forecast shows 5.6% y-o-y growth in 2025 to 580m units. MicroLED display shipments expected to increase to 52m units in 2030 Steady growth of 7% p.a. for global industrial robot market until 2026. Horticulture lighting market expected to reach a market size of US $10.4 bn by 2028 (CAGR 22.4%). Consumer robots and smart appliances shipments to grow at +35% CAGR by 2027. Sources: WSTS Semiconductor Market Forecast June 2023 18 IHS Light Vehicle Production Forecast July 2023 OMDIA Micro LED Display Market Tracker 3Q23 OMDIA Smartphone Model Market Tracker 2Q23 IDC Quarterly Wearable Device Tracker Forecast 2Q23 TrendForce 2023 Global LED Lighting Market Analysis 2H23 VDMA Robotics Automation Market Update, International Federation of Robotics ZVEI Global Electro- & Digital Industry Facts & Figures 2023 ABI Research Consumer Robots and Smart Appliances Q2 2023 S&P Global, Bloomberg, Hortidaily.com amu OSRAM

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