Signify Financial Outlook and Performance

LED improved its Adjusted EBITA margin by 110 bps helped by lower price erosion, mix improvement and lower indirect costs Sales (in EURM) & comparable sales growth (in %) 19.6% 15.2% 13.1% 5.1% 3.6% 468 477 465 492 444 1Q17 2Q17 3Q17 4Q17 1Q18 Key observations for 1Q18 • CSG of 3.6% on the back of a high comparison base Growth in LED lamps remained robust, with volumes gradually converging to market growth while price erosion is reducing LED electronics sales were flat due to lower demand by OEMs, particularly from Tier 1 customers Adjusted EBITA (in EURm & as % of sales) 22 9.6% 8.5% 10.5% 10.7% 9.8% 40 43 50 50 48 1Q17 1Q18 2Q17 3Q17 4Q17 . • Adjusted EBITA margin improved by 110 bps, driven by: Lower price erosion Mix improvement Lower indirect costs Signify

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