Elmos Semiconductor Se · XETR:ELG
Elmos Semiconductor — Investor Day (February 2026)
14 slides from Elmos Semiconductor's investor day presentation, Feb 24, 2026
Slide 1: Financial Performance & Targets
February 24, 2026 Financial Performance & Targets Margarita Mamberger, CFO
Slide 2: Profitable Growth Through Every Phase of the Cycle
Profitable Growth Through Every Phase of the Cycle Global Chip Shortage Inventory Destocking CAGR 2021-25 2021 2022 2023 2024 2025 575 581 583 EURm 447 +16% Sales 322 18.6% 24.6% 26.2% 25.1% 21.8% EURm 151 146 127 +21% EBIT 60 110 18.6% 16.3% 20.0% 7.6% 5.8% EURm 115 -11% CAPEX1 60 73 44 34 3.5% 3.3
Slide 3: Consistently Outperforming our Peer Group
Consistently Outperforming our Peer Group Elmos Selected Peer Group (Average)1 Sales Growth EBIT Free Cash Flow2 (in annualized growth rate) (in average % of sales) (in average % of sales) 33.6% 27.5% 23.2% 23.4% 20.6% 16.1% 12.9% 11.4% 6.1% 3.0% 0.3% -9.0% 2021-2023 2024-2025 2021-2023 2024-2025 20
Slide 4: Delivering Superior Shareholder Return
Delivering Superior Shareholder Return Share Price Development Total Shareholder Return2 (Jan. 2021 – 2026 Year-to-Date)1 (Jan. 2021 – 2026 Year-to-Date)1 +353% 384% +191% 208% +35% +6% 43% 15% 2021 2022 2023 2024 2025 2026 PHLX Peer TecDAX Semiconductor Sector Average3 Elmos PHLX Peer Average3 TecD
Slide 5: 2030 Financial Targets Reinforce Value Creation Path
2030 Financial Targets Reinforce Value Creation Path FY 2025a Results FY 2026e Guidance1 2030 Target Target Drivers ▪ Design-win pipeline and structural Sales 583 million EUR 11% YoY Growth ~1 billion EUR higher IC content Financial Targets ▪ Operating leverage from scale EBIT Margin 21.8% 24% ~25%
Slide 6: Operating Leverage and Cost Reduction Unlocks Margin Upside
Operating Leverage and Cost Reduction Unlocks Margin Upside EBIT Main Margin Drivers Main Initiatives for Margin Improvement (in % of sales, midpoint) 1) Revenue growth and richer product mix ~25% translates into margin expansion upside 24% 1 2) Operating leverage due to higher volumes drives fixed-
Slide 7: Structural Reduction of the Effective Tax Rate
Structural Reduction of the Effective Tax Rate Effective Income Tax Rate Main Initiatives for Tax Reduction -12pp. (in %) 33% 1) New operating model and strategic rebalancing of 25% global earnings composition to unlock structural ~21% tax benefits 2) Approx. 7 percentage point tax rate reduction dr
Slide 8: Working Capital Normalization Unlocks Cash Generation
Working Capital Normalization Unlocks Cash Generation Operating Net Working Capital1 Main Initiatives for Working Capital Optimization (in million EUR and in % of sales) 450 45.9% 1) Higher inventory buffers after the end of the chip 42.6% allocation are now being systematically unwound 400 32.2% EU
Slide 9: CAPEX Intensity Structurally Reduced
CAPEX Intensity Structurally Reduced CAPEX1 Main Initiatives for Lower Capex (in million EUR and in % of sales) 1) Fabless model fully established with future growth 140 18.4% decoupled from high wafer fab investments 120 2) Backend build-out with cutting-edge test platforms EURm in East Asia comple
Slide 10: Turning Profitable Growth into Higher Cash Flows
Turning Profitable Growth into Higher Cash Flows EBIT Margin to Free Cash Flow Main Drivers for Higher Free Cash Flows (in % of sales1) 1 ~25% 6% EBIT Margin expansion drops -2% through to cash -5% ~17% -6% 2 -1% Tax efficiency structurally improves cash conversion 3 Working capital optimization unl
Slide 11: New Capital Allocation Policy Boosting Shareholder Returns
New Capital Allocation Policy Boosting Shareholder Returns Dividend Per Share Development1 +50% Capital Allocation Principles (in EUR) 1) Funding growth and increase shareholder returns 1.50 2) We do not plan to build large cash piles 0.85 1.00 0.65 0.75 0.35 0.40 0.52 0.52 0.52 3) Payout via mix of
Slide 12: Strong Increase in Shareholder Payout Expected
Strong Increase in Shareholder Payout Expected Estimated Net Cash at 2026 yearend Total Payout for Fiscal Year Payout Scenario for FY 2026e (Illustrative only) (in million EUR) (in million EUR) ➔ We do not plan to build large cash piles +160% ➔ Payout via mix of dividends and share buybacks +110 ~95
Slide 13: Key Takeaways | Financial Performance and Targets
Key Takeaways | Financial Performance and Targets Track Record of Profitable Growth and Outperformance Elmos exceeds industry benchmarks in sales and profitability through the cycle 2030 Targets Confirmed and Upgraded Long-term goals for revenue, margins, and cash flow reinforce value creation path
Slide 14: Disclaimer
Disclaimer This presentation contains forward-looking statements based on beliefs of Elmos‘ management. Such statements reflect the company‘s current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different