Elmos Semiconductor SE · XETR:ELG

Elmos Semiconductor — Non-Deal Roadshow (August 2020)

15 slides from Elmos Semiconductor's roadshow presentation, August 2020

  1. Slide 1: Innovation Matters

    Innovation Matters Roadshow August 2020

  2. Slide 2: Elmos at a glance

    Elmos at a glance Non‐automotive 35 years experience in analog mixed signal IC solutions Automotive 15% focus: Sales by industry* 16 sites globally – German roots with Dortmund headquarters 85% Automotive Rest of World US 4% 10% Global ~5 Elmos ICs on average in every new car reach: Sales by 47% EU

  3. Slide 3: Recent milestones (1/2)

    Recent milestones (1/2) 1st Corona preventive measures Public share buyback offer 9.9% Treasury Stock Jan.: Ban on travel to Asia, measures 1.54 million shares bought back for have been progressively extended ~27 million Euro (17.50 Euro/share) Mid April: Short‐time work starts Sales growth of 3.3%

  4. Slide 4: Recent milestones (2/2)

    Recent milestones (2/2) Management of Corona effects End of cooperation w/ Fraunhofer On June 30, 2020 the contract expired ‐ Short‐time work extended, management deliveries to customers secured by board continues to partially waive salary Dortmund fab and foundry partners 21st AGM as a virtual even

  5. Slide 5: The car is the next smart device – Elmos is present in the highest growing sub-segments

    The car is the next smart device ̶ Elmos is present in the highest growing sub‐segments Selected growing applications Elmos ICs for growing segments EV Selected projects (Battery + Plug‐In) in development Distance Warning (Emergency Braking #1 + Parking) for Ultrasonic ICs Advanced Display / #1 HMI

  6. Slide 6: Elmos shareholder structure set for long-term perspective

    Elmos shareholder structure set for long‐term perspective Share buyback Shareholder structure  Public buyback offer 2020 (17.03.2020‐26.03.2020) 19.969%  Offer price per share: 17.50 Euro Free float  Altogether 2.30 million shares 40.814% 15.001% have been tendered (offer 6.814% oversubscribed) 5

  7. Slide 7: Q2 2020: Message of the CEO

    Q2 2020: Message of the CEO ” While sales are currently still strongly influenced by the effects of the coronavirus pandemic, we see the turning point in the third quarter due to the development of incoming orders. We perceive a revival of business in the different regions, specially Asia. Moreover,

  8. Slide 8: Q2 2020: Sales fulfill guidance

    Q2 2020: Sales fulfill guidance Yearly sales (million Euro) & gross margin (%) Quarterly sales* (million Euro) & gross margin* (%) Gross margin +6.2% ‐13.2% Continuing operations 294.8 75.7 Discontinued operations 277.6 21.4 250.4 23.7 67.7 67.8 46.4% 62.2 64.2 219.6 228.6 20.4 58.8 45.2% 23.0 21.7

  9. Slide 9: Q2 2020: EBIT also in line with expectations

    Q2 2020: EBIT also in line with expectations Yearly EBIT1 (million Euro) & EBIT margin1 (%) Quarterly EBIT1,2 (million Euro) & EBIT margin1,2 (%) Reported EBIT EBIT margin 51.0 97.3m Euro Continuing operations 45.3 Discontinued operations 4.4 38.4 11.5 10.7 10.1 8.6 24.5 23.1 7.1 18.4% 15.3% 40.9 17

  10. Slide 10: H1 2020: Further Financial KPIs

    H1 2020: Further Financial KPIs Capex (million Euro & % of sales) Operating Cash Flow (million Euro) 50.3 48.4 43.6 45.6 41.4 37.2 37.9 33.5 23.01 23.2 14.9% 14.9% 14.8% 9.2 14.3 10.5% 10.1% 7.4% 2015 2016 2017 2018 2019 H1 2020 2015 2016 2017 2018 2019 H1 2020 Influenced by cash outflow of ~27 Adju

  11. Slide 11: Market environment 2020: uncertain economic conditions

    Market environment 2020: uncertain economic conditions Market Outlook1 Daily Newspaper Headlines New car registrations in million units ‐17% to ‐23% ‐4.3% 92 88 68‐73 2018 2019 2020e Regional outlook 2020:  Europe (‐29% to ‐35%)  China (‐2% to ‐8%)  US (‐14% to ‐20%) 1 Morningstar (July 23, 2020)

  12. Slide 12: Guidance for Q3 2020

    Guidance for Q3 2020 As of August 3, 2020 Sales 37 to 41 million Euro EBIT ‐13 to ‐10 million Euro Ø exchange rate 1.15 EUR/USD  Due to the current situation, no full year guidance is being issued for 2020. 12

  13. Slide 13: The Next Smart Device: The Car

    The Next Smart Device: The Car Roadshow August 2020

  14. Slide 14: Research Coverage and Elmos Financial Calendar

    Research Coverage and Elmos Financial Calendar Institution Institution Analyst Analyst Recommendation Recommendation Bankhaus Lampe Veysel Taze Hold Deutsche Bank Johannes Schaller Hold DZ Bank Harald Schnitzer Hold Hauck & Aufhäuser Christian Sandherr Hold Oddo BHF Stéphane Houri Reduce Warburg Res

  15. Slide 15: Elmos Semiconductor SE

    Elmos Semiconductor SE Heinrich‐Hertz‐Str. 1 | 44227 Dortmund | Germany Telephone: + 49 231 75 49 287 | Telefax: + 49 231 75 49 111 invest@elmos.com | www.elmos.com DISCLAIMER This presentation contains forward‐looking statements based on beliefs of Elmos‘ management. Such statements reflect the com

Elmos Semiconductor — Non-Deal Roadshow (August 2020) on 6ix