Sensirion Holding Ag · SIX:SENS
Sensirion — H1 2025 Earnings Presentation
27 slides from Sensirion's earnings presentation, Aug 20, 2025
Slide 1: Half-Year 2025 Results
HALF-YEAR 2025 RESULTS Sensirion Holding AG Marc von Waldkirch, CEO Martin Wirz, CFO 20 August 2025
Slide 2: Please note that this event will be recorded
Please note that this event will be recorded. 2 © Copyright Sensirion, Switzerland
Slide 3: Disclaimer
Disclaimer Certain statements in this document are forward-looking statements, including, but not limited to, those using words such as "believe", "assume", "expect" and other similar expressions. Such forward-looking statements are based on assumptions and expectations and, by their nature, involve
Slide 4: Agenda
AGENDA Marc von Waldkirch Martin Wirz Marc von Waldkirch Q&A Session CEO CFO CEO Half-year 2025 highlights Half-year 2025 Outlook FY 2025 financial review Business review 01 02 03 04 4 © Copyright Sensirion, Switzerland
Slide 5: Half-year 2025 overview
Half-year 2025 overview Business update • Continuation of strong organic growth across businesses, higher overall growth momentum driven by successful A2L Launch • Strong growth of Industrial Market (Gas Leakage sensor, US & recovery in Home Appliances) and Medical Market (recovery in ventilation, C
Slide 6: Automotive market
Automotive market After multiple reporting periods with innovation driven growth, Western auto headwinds limit revenue growth Main results Revenue development (CHFm) HY 2025 revenue flat at CHF 39.3m (-1%) year-on-year 34.8 37.6 39.8 40.8 39.3 Stagnation primarily reflects the challenging situation
Slide 7: Medical market
Medical market High growth in first half of 2025 driven by skewed prior year sales figures Main results Revenue development (CHFm) HY 2025 revenue increased by +56% year-on-year to CHF 28.5m 31.7 26.2 28.5 Growth was driven by recovery of the existing 13.1 18.3 business mainly CPAP, ventilation as w
Slide 8: Industrial market
Industrial market Strong growth driven by HVAC (A2L gas leakage) and home appliances Main results Revenue development HY 2025 revenue increased by +69% year-on-year to (CHFm) CHF 107.0m Growth was mainly driven by the revenue ramp-up from 107.0 52.4 63.5 73.8 gas leakage sensors (A2L) in the HVAC se
Slide 9: Consumer market
Consumer market HY 2025 delivered first growth in 3 years - partly driven by stimulus in China Main results Revenue development HY 2025 revenue increased by + 54% year-on-year to (CHFm) CHF 9.7m 8.1 7.7 9.7 Growth driven by normalization of inventory situation 6.8 6.3 in global distribution channels
Slide 10: Update on Tariffs
Update on Tariffs Sensirion’s direct exposure to the current US tariffs remain limited US tariffs targeting Switzerland and We retain a certain degree of However, we are sensing significant the EU have limited direct impact on flexibility to optimize our uncertainty and emerging headwinds our busine
Slide 11: Strategic achievements HY 2025
Strategic achievements HY 2025 “We make a difference in sensing for a better world” Strategic foci Strategic achievements Lay the technological foundation for • We are working on advanced spectroscopic technologies based on low-cost IR laser systems long-term growth • For other early-stage projects,
Slide 12: Agenda
AGENDA Marc von Waldkirch Martin Wirz Marc von Waldkirch Q&A Session CEO CFO CEO Half-year 2025 highlights Half-year 2025 Outlook FY 2025 financial review Business review 01 02 03 04 12 © Copyright Sensirion, Switzerland
Slide 13: H1 2025 Key financials
H1 2025 Key financials Net sales in MCHF Gross profit margin % EBITDA margin % 184.5 +44.2% 51.5% 19.8% H1 2025 H1 2025 H1 2025 184.5 51.5% 19.8% 46.6% reported -17.7%H1 2024 reported H1 2024 128.0 H1 2024 4.6% adjusted 47.5% adjusted H1 2023 H1 2023 121.0 H1 2023 8.7% 56.3% Opex margin % NWC in % o
Slide 14: Revenue Development
Revenue Development YOY Revenue Development YOY Sales Growth by Market YOY Sales Growth by Region in MCHF 58.3 -1.8 184.5 +246 128.0 +69% % +56% +54% -1% +1% +40% HY2024 Organic growth FX effects HY 2025 Automotive Medical Industrial Consumer APAC EMEA Americas Net Sales by Market Net Sales by Regio
Slide 15: Gross margin development
Gross margin development Gross profit and margin (CHFm / % of revenue) Gross margin HY 2025 56.3% • YoY Margin increase due to the combination of three effects 47.5% 51.5% • Strong utilization in component manufacturing across markets • High demand in module manufacturing, driven by A2L as well as C
Slide 16: Opex development
Opex development R&D opex and margin (CHFm / % of revenue) R&D expenses HY 2025 • Active cost management approach, R&D cost base grew clearly below topline growth, 23.1% 21.8% supporting the targeted EBITDA % expansion 16.5% • We continue to invest in strategic initiatives across all strategic foci.
Slide 17: EBITDA development
EBITDA development EBITDA1 and EBITDA margin (CHFm / % of revenue) EBITDA HY 2025 • Gross profit increase driven by strong revenue development of Industrial, Medical and Consumer business 8.7% 4.6% 19.8% • R&D and SG&A cost base grew significantly 10.7 5.9 36.5 below topline growth, supporting the H
Slide 18: Income statement
Income statement Financial result impacted by the significantly stronger Swiss franc (CHFm / % of revenue) H1 2024 reported H1 2024 adjusted H1 2025 reported Revenue 128.0 128.0 184.5 Cost of sales 68.4 (67.2) (89.5) Gross profit 59.6 46.6% 60.8 47.5% 95.0 51.5% R&D expenses (54.2) (27.9) (21.8%) (3
Slide 19: Net working capital and capital expenditures
Net working capital and capital expenditures Net working capital1 Net working capital HY 2025 (CHFm) 44.1% 38.6% • Overall inventory increase by CHF 5m, wafer inventory 33.5% remains at targeted safety level (assurance service policy) • Improved balancing of receivables and payables with 111.7 ongoi
Slide 20: Balance sheet
Balance sheet H1 2025 (CHFm) Dec 2024 Jun 2025 Cash and Cash equivalents 54.4 68.2 Continuing strong balance sheets allows Sensirion to Other current assets 126.4 137.8 allocate capital toward its three strategic growth foci and the flexibility to seize growth opportunities Non-current assets 165.
Slide 21: Statement of cash flows
Statement of cash flows Condensed consolidated statement of cash flows CFO HY 2025 CFO H1 2025 (CHFm) H1 2023 H1 2024 H1 2025 The strong improvement was primarily driven by Cash flow from operating activities (CFO) (1.9) 7.2 28.4 the return to profitability Cash flow from investing activities (CFI
Slide 22: Agenda
AGENDA Marc von Waldkirch Martin Wirz Marc von Waldkirch Q&A Session CEO CFO CEO Half-year 2025 highlights Half-year 2025 Outlook FY 2025 financial review Business review 01 02 03 04 22 © Copyright Sensirion, Switzerland
Slide 23: We confirm the outlook 2025
We confirm the outlook 2025 2025 is expected to deliver a strong top line growth and EBITDA profitability inline with mid-term target Assuming unchanged foreign currency exchange rates, We expect for FY 2025 Global economic headwinds persist, driven by US trade policy uncertainty, slowing global g
Slide 24: Agenda
AGENDA Marc von Waldkirch Martin Wirz Marc von Waldkirch Q&A Session CEO CFO CEO Half-year 2025 highlights Half-year 2025 Outlook 2025 financial review Business review 01 02 03 04 24 © Copyright Sensirion, Switzerland
Slide 25: Questions and Answers
QUESTIONS AND ANSWERS Thank you! 25 © Copyright Sensirion, Switzerland
Slide 26: Event calendar and contacts
Event calendar and contacts Upcoming roadshows/conferences Investor inquiries 20 August 2025 ZKB, Zurich (CH) Lars Dünnhaupt 04-05 September 2025 JPM/ZKB, London (UK) Head of Investor Relations 23 September 2025 UBS Best of Switzerland (virtual) 02 October 2025 Berenberg, Geneva (CH) T: +41 44 544 1
Slide 27: Sensirion
SENSIRION