Monetizing Innovation and Financial Reconciliation

Re-assessment of portfolio and market outlook leads to an updated mid-term target financial model Focus on profitability and structural growth from the new core portfolio in Semiconductors Over-the-cycle mid-term target financial model Revenue growth CAGR Adjusted EBIT 6% -10%* ~15% (2026+) Assumptions: Starting base is CY 2023 revenues, less EUR 300m to 400m of non-core semiconductor portfolio to be exited Target Financial Model is valid for new Semiconductor Segment + Lamps & Systems Segment combined CAPEX 10% *>2x WSTS opto-electronics F99 & sensors H99 = 3.1% CAGR 22 to 26 due to addressed segments Long-term target leverage (2) Long-term leverage Net Debt/ (adj.) EBITDA < 2 amu OSRAM

View entire presentation