Slide 1: FY25 Results
FY25 RESULTS Paris | May 28 , 2025 th
Slide 2: Disclaimer
DISCLAIMER This document is provided by Soitec (the This document contains certain forward-looking Any market shares presented herein are based any part thereof, shall not form the basis of, or “Company”) for information purposes only. statements. These forward-looking statements on internal estimat
Slide 3: Agenda
AGENDA #01 #02 #03 CEO VISION STRATEGY INNOVATION Pierre Barnabé Steve Babureck Christophe Maleville #04 #05 OPERATIONS FINANCE Cyril Menon Steve Babureck Q&A #06 CEO WRAP-UP Pierre Barnabé © Soitec 2025. No copying or distribution permitted. PAGE 3
Slide 4: CEO Vision
01 1 CEO VISION CEO VISION Pierre Barnabé © Soitec 2025. No copying or distribution permitted. PAGE 4
Slide 5: CEO Key Messages
CEO KEY MESSAGES In a challenging environment, Focusing on our growth Preparing to deploy our operating FY25 performance reflects & diversification strategy model with potential for Revenue down -9% y/y Products 2x Revenue upside EBITDA margin resilience Customers & Geographies Significant operating
Slide 6: FY25 Revenue Reflects Different Dynamics Across Our Divisions
FY25 REVENUE REFLECTS DIFFERENT DYNAMICS ACROSS OUR DIVISIONS FY25 REVENUE: €891M, DOWN -9% Y/Y MOBILE COMMUNICATIONS AUTOMOTIVE & INDUSTRIAL EDGE & CLOUD AI -12% Y/Y organic +11% growth(1) Y/Y organic -22% growth(1) Y/Y organic €611M growth(1) €216M €546M €204M €163M €129M FY24 FY25 FY24 FY25 FY24
Slide 7: Mobile Communications
MOBILE COMMUNICATIONS POI STRONG MOMENTUM AND FD-SOI EXPANSION SUPPORT DIVISION DURING RF-SOI CUSTOMER INVENTORY CORRECTION RF-SOI POI FD-SOI REFERENCE SUBSTRATE BECOMING THE REFERENCE SUBSTRATE ONLY SOLUTION FOR FULLY INTEGRATED FOR RF FRONT-END MODULES FOR ADVANCED SAW FILTERS 5G MMWAVE SYSTEM-ON-
Slide 8: Automotive & Industrial
AUTOMOTIVE & INDUSTRIAL ONGOING PRODUCT ADOPTION IN A SHORT-TERM UNCERTAIN ENVIRONMENT Power-SOI FD-SOI SmartSiCTM PERFECT FIT FOR BATTERY MANAGEMENT SYSTEMS SUPERIOR PERFORMANCE FOR ADAS GREENER, FASTER, BETTER >10% SYSTEM HIGHER GOOD FIT FOR ~30% GREENHOUSE ~50% HIGHER ~50% DIE SIZE ~70% LOWER CO2
Slide 9: Edge & Cloud AI
EDGE & CLOUD AI STRONG GROWTH OUTLOOK DRIVEN BY SURGING AI MARKET DEMAND Photonics-SOI FD-SOI Imager-SOI OPTIMAL SOLUTION FOR BEST IN CLASS ENERGY-CONSUMPTION FOR IMPROVED IMAGER PERFORMANCE OPTICAL TRANSCEIVERS & CPOs IN DATA CENTERS & PROCESSING COST FOR EDGE AI IN NEAR INFRARED FASTER DATA LOWER
Slide 10: Profitability, Cash Generation and Balance Sheet
PROFITABILITY, CASH GENERATION AND BALANCE SHEET Resilient Improving Strong Balance Sheet EBITDA Margin(1) Operating Cash Flow (Cash & cash equivalents) 34.0% €94M 33.5% €39M margin margin +22% net debt net debt Y/Y €332M €201M €708M €688M €298M €165M FY24 FY25 FY24 FY25 FY24 FY25 (1) The EBITDA rep
Slide 11: Sustainable by Design
SUSTAINABLE BY DESIGN DELIVERING CONSISTENT PROGRESS ACROSS OUR SUSTAINABILITY OBJECTIVES INDUSTRY-LEADING SUSTAINABLE INNOVATION INCLUSIVE AND INSPIRING GOVERNANCE PRACTICES AND OPERATIONS COMPANY CULTURE & STANDARDS WATER MANAGEMENT DIVERSITY AWARENESS Water withdrawal / cm2 vs FY21 baseline Women
Slide 12: FY26 Outlook
FY26 OUTLOOK GIVEN ONGOING UNCERTAIN ENVIRONMENT AND HIGH VOLATILITY, SOITEC WITHDRAWS ANY GUIDANCE GIVEN PREVIOUSLY Q1’26 REVENUE EXPECTED DISCIPLINED CAPITAL ALLOCATION FY26 PROFITABILITY MODEL DOWN ~20% Y/Y REFLECTING & AGILE INVESTMENT STRATEGY TO ENABLERESILIENT MARGINS IMPACT OF IMAGER-SOI
Slide 13: Navigating a Challenging Environment
NAVIGATING A CHALLENGING ENVIRONMENT FOCUSING ON PARAMETERS WITHIN OUR CONTROL IN UNCERTAIN TIMES MACROECONOMIC VOLATILITY GEOPOLITICAL UNCERTAINTIES CLIMATE CHANGE MACRO REGULATIONS & TARIFFS TARGETED AND STEADY TRENDS INVESTMENT IN INNOVATION TO EXPAND PRODUCT PORTFOLIO MODERATE GROWTH IN SMARTPHO
Slide 14: Accelerating Product Portfolio Diversification
ACCELERATING PRODUCT PORTFOLIO DIVERSIFICATION New materials InP Imager-SOI Next-Gen DEVELOPING NEXT GENERATION OF GaN epi / SmartGaN INDUSTRY STANDARDS LNOI SmartSiC TM Photonics-SOI POI ESTABLISHED INDUSTRY STANDARDS FOR FD-SOI SMARTPHONES, AUTOMOTIVE AND DATA CENTERS Power-SOI RF-SOI + LICENSING
Slide 15: Accelerating Diversification
ACCELERATING DIVERSIFICATION DEPLOYING OUR SCALABLE VALUE CREATION MODEL GLOBALLY CUSTOMERS & GEOGRAPHIES SUPPLIERS Expanding our customer reach globally Expanding supply base to secure long term growth and protect margins Top 5 Next 5 Others 8% 48% USA Asia excl. FY25 China FY25 m 0m 27% Si 1 5 0 /
Slide 16: Operating Model
SOITEC OPERATING MODEL GROWTH IMPROVING STRENGTHENING TRAJECTORY PROFITABILITY CASH GENERATION SOITEC ADDRESSABLE MARKET GROSS MARGIN CAPEX / Sales Powerful technology megatrends drive Increasing operating leverage Moderating CAPEX and allocating massive demand for engineered substrates assets to hi
Slide 17: CEO Key Messages
CEO KEY MESSAGES In a challenging environment, Focusing on our growth Preparing to deploy our operating FY25 performance reflects & diversification strategy model with potential for Revenue down -9% y/y Products 2x Revenue upside EBITDA Margin resilience Customers & Geographies Significant operating
Slide 18: Strategy
02 2 ST R AT EGY STRATEGY Steve Babureck © Soitec 2025. No copying or distribution permitted. PAGE 18
Slide 19: Strategy Key Messages
STRATEGY KEY MESSAGES Soitec addressable market expected to grow ~15% Technology megatrends Engineered substrates unlock CAGR towards 2030 - from drive massive demand for unique features for smarter, ~5M to ~12M wafers(1) semiconductors, supporting more connected and more Soitec organic growth energ
Slide 20: Technology Megatrends Have Shaped the Semiconductor Industry
TECHNOLOGY MEGATRENDS HAVE SHAPED THE SEMICONDUCTOR INDUSTRY GLOBAL SEMICONDUCTOR SALES REACHED $628B IN 2024 AND ARE EXPECTED TO REACH ~$1T BY 2030 ~$1T ~$710B Global semiconductor sales ($B) $439B $335B $298B $225B AI era $204B $51B $144B Mobility era Wi-Fi PC era 1990 1995 2000 2005 2010 2015 202
Slide 21: Macro and Geopolitical Events Reshaping the Semiconductor Industry
MACRO AND GEOPOLITICAL EVENTS ARE ALSO RESHAPING THE SEMICONDUCTOR INDUSTRY TARIFFS? Further supply chain STRUCTURAL GROWTH REMAINS RESILIENT dislocations? DESPITE EXTERNAL HEADWINDS ~$1T COVID-19 PANDEMIC Supply chain & Inventories issues Global semiconductor sales ($B) US-CHINA TRADE WAR SUBPRIME
Slide 22: Semiconductors Enable More Data Generation and Transmission
SEMICONDUCTORS ENABLE MORE DATA GENERATION AND TRANSMISSION GENERATING AN EXPONENTIAL AMOUNT OF DATA VOLUME OF DATA CREATED, CONSUMED AND STORED WORLDWIDE (in zettabytes) ~400 ANALOG SEMICONDUCTORS are capturing and transmitting >180 real-world data ~64 Wi-Fi ~15 ~2 2010 2011 2012 2013 2014 2015 201
Slide 23: Semiconductors Deliver More Computing Power in Cloud and Edge
SEMICONDUCTORS DELIVER MORE COMPUTING POWER IN THE CLOUD AND AT THE EDGE ACCELERATING COMPUTING POWER BEYOND MOORE’S LAW xPUs Photonics (CPUs, GPUs, AI accelerators) (PICs, CPOs) TRAINING COMPUTE OVER TIME FOR AI MODELS (FLOPs) Mistral Large 2 Grok 3 Gemini 2.5 Pro 1E+25 GPT-4o Llama 4 Claude 3.7 So
Slide 24: Data and Compute Are Fueling AI Breakthrough
DATA AND COMPUTE ARE FUELING AI BREAKTHROUGH AI IS TRANSFORMING THE GLOBAL ECONOMY, UNLOCKING TRILLIONS IN GROWTH AND PRODUCTIVITY NEW AI-DRIVEN APPLICATIONS EVERYWHERE MANUFACTURING MORE DATA DEFENSE FINANCE ENERGY ~$22T global cumulative EDUCATION impact by 2030 ROBOTAXIS CREATIVE AI MORE COMPUTIN
Slide 25: Global Electricity Demand Accelerates with AI and EVs
GLOBAL ELECTRICITY DEMAND ACCELERATES WITH THE RISE OF AI AND EVs MEETING THIS SHIFT REQUIRES SCALABLE AND ENERGY-EFFICIENT SOLUTIONS GLOBAL ELECTRICITY DEMAND RISE OF DATA CENTER RISE OF TRANSPORTS ELECTRICITY DEMAND ELECTRICITY DEMAND IN THOUSAND TWh Data centers Transports (EVs) ~3x >2x ~45% >4x
Slide 26: Semiconductor Industry Consumes ~295M Wafers Per Year
TODAY, THE SEMICONDUCTOR INDUSTRY CONSUMES ~295M WAFERS PER YEAR (1) SOITEC ENGINEERED SUBSTRATES ADDRESSABLE MARKET CURRENTLY ACCOUNTS FOR ~2% SEMICONDUCTOR DEVICES MARKET (units) ~290M ~5M Bulk Silicon, Soitec addressable Sapphire, market (SOI, POI, others... SiC, GaN...) ~295M WAFERS AVERAGE CONT
Slide 27: Engineered Substrates Enable Performance and Energy Efficiency
ENGINEERED SUBSTRATES ENABLE PERFORMANCE AND ENERGY EFFICIENCY CHIPS BY DESIGN, ENGINEERED SUBSTRATES BRING VALUE AT THE DEVICE LEVEL RF EDGE COMPUTING ENGINEERED SUBSTRATE Broadband connectivity TYPICAL STRUCTURE Performance-on-demand Optimized footprint Low power consumption Lower cost of ownershi
Slide 28: Addressable Market to Grow at ~15% CAGR
SOITEC ENGINEERED SUBSTRATES ADDRESSABLE MARKET TO GROW AT ~15% CAGR FROM ~5M WAFERS IN 2024 TO ~12M WAFERS IN 2030(1) Edge & Cloud AI Automotive & Industrial Mobile Communications ~2M ~12M wafers wafers ~2.5M Photonics-SOI wafers LNOI ~2.5M Power-SOI FD-SOI wafers FD-SOI SmartSiCTM ~5M RF-SOI wafer
Slide 29: Addressable Market to Grow at ~15% CAGR
SOITEC ENGINEERED SUBSTRATES ADDRESSABLE MARKET TO GROW AT ~15% CAGR FROM ~5M WAFERS IN 2024 TO ~12M WAFERS IN 2030(1) Compounds SOI ~3M ~12M wafers wafers ~4M wafers ~30% ~5M wafers ~20% ~70% ~80% 2024 2030 Source: Yole, Soitec estimates (1) 200mm equivalent 2 ST R AT EGY © Soitec 2025. No copying
Slide 30: Short-Term Headwinds Due to Excess SOI Inventories
SOITEC ENGINEERED SUBSTRATES ADDRESSABLE MARKET TO GROW AT ~15% CAGR SHORT-TERM HEADWINDS DUE TO CUSTOMERS’ EXCESS SOI INVENTORIES Compounds SOI ~3M ~12M wafers wafers ~4M wafers ~30% ~5M wafers ~20% Excess SOI ~70% inventories ~80% 2024 2030 Source: Yole, Soitec estimates (1) 200mm equivalent 2 ST
Slide 31: Incubators to Deliver New Products
SOITEC ENGINEERED SUBSTRATES ADDRESSABLE MARKET TO GROW AT ~15% CAGR INCUBATORS TO DELIVER NEW PRODUCTS MATERIALIZING SAM UPSIDE Compounds SOI NEW PRODUCTS FOR RF, POWER, IMAGE SENSORS AND COMPUTING ~12M Compounds wafers Compounds ~30% SOI ~5M Compounds ~20% wafers Excess SOI SOI ~70% inventories SO
Slide 32: Strategy Key Messages
STRATEGY KEY MESSAGES Soitec addressable market expected to grow ~15% Technology megatrends Engineered substrates unlock CAGR towards 2030 - from drive massive demand for unique features for smarter, ~5M to ~12M wafers(1) semiconductors, supporting more connected and more Soitec organic growth energ
Slide 33: Technology & Innovation
03 3 TECH & INNOVATION TECHNOLOGY & INNOVATION Christophe Maleville © Soitec 2025. No copying or distribution permitted. PAGE 33
Slide 34: Technology & Innovation Key Messages
TECHNOLOGY & INNOVATION KEY MESSAGES SCALABLE AND EFFICIENT INNOVATION ROADMAP TO SOITEC INCUBATORS TO INNOVATION MODEL ADVANCE SEMICONDUCTOR ACCELERATE PRODUCT TECHNOLOGIES DEVELOPMENT WITH Steady R&D investment to enhance competitiveness, accelerate TARGETED RESOURCES Unique material expertise cre
Slide 35: An Efficient and Scalable Innovation Model
AN EFFICIENT AND SCALABLE INNOVATION MODEL TO SECURE MARKET SHARE AND FOSTER EXPANSION STRENGTHENING INVESTMENT INVESTING IN INNOVATION EFFICIENT & AGILE IN INNOVATION TO SUPPORT NEAR AND LONG INNOVATION MODEL TERM GROWTH Strong investment in R&D to secure The Innovation model enables record leaders
Slide 36: Pushing Devices Performance to the Next Level
PUSHING DEVICES PERFORMANCE TO THE NEXT LEVEL TO DEVELOP THE NEXT GENERATION OF ENERGY-EFFICIENT TECHNOLOGIES 15 WORLDWIDE PARTNERS TECHNOLOGIES UNDER SCRUTINY IDENTIFY MACRO TRENDS SCOUT TECHNOLOGY PARTNER WITH 5G / 6G AI EV Photonics ADAS & GROWTH DRIVERS LANDSCAPE CONSTANTLY NEXT LEADERS CORE BUS
Slide 37: 3D Integration
SEMICONDUCTOR INNOVATION EXPLORING 3 DIFFERENT PATHS TO DELIVER VALUE AT DEVICE LEVEL 3D INTEGRATION: 3D INTEGRATION THE BEST OF BOTH WORLDS LOWER LATENCY INCREASED BANDWIDTH POWER EFFICIENCY SMALLER FOOTPRINT MIXED-SIGNAL MEMS PHOTONICS IMAGING POWER RF (MCU) SCALABILITY SUSTAINABILITY 0nm nm 13 Mo
Slide 38: Enabling Device Differentiation
ENGINEERED SUBSTRATES UNLOCK SUPERIOR PERFORMANCE AND ENERGY EFFICIENCY ENABLING DEVICE DIFFERENTIATION RF-SOI HIGH QUALITY DATA ENERGY EFFICIENCY FD-SOI 5G connectivity REAL TIME LOW CO2 EMISSIONS 30% greenhouse gas enhancement emissions reduction LARGE BANDWIDTH LOW WATER CONSUMPTION FD-SOI Soitec
Slide 39: Next Generation POI for High Frequency SAW Filters
PUSHING DEVICES PERFORMANCE TO THE NEXT LEVEL NEXT GENERATION POI TO ENABLE HIGH FREQUENCY SAW FILTERS NEXT GENERATIONS CONNECT POI SAW on POI Narrow or wide Target 3+ GHz bandwidth Low Noise Amplifier Manufacturing Multiplexing ant yield Rx Tx Power Amplifier 3 TECH & INNOVATION © Soitec 2025. No c
Slide 40: Photonics-SOI Minimizes Optical Losses
PUSHING DEVICES PERFORMANCE TO THE NEXT LEVEL PHOTONICS-SOI MINIMIZES OPTICAL LOSSES CONTROL OF TOP Si THICKNESS PHOTONICS-SOI HIGH PERFORMANCE OPTICAL TRANSCEIVERS ENABLED BY HIGH Improved optical High-speed Manufacturing Single-Crystal Silicon (Si) QUALITY ENGINEERED SUBSTRATE losses / crosstalk o
Slide 41: Anything-on-Anything: Soitec DNA
THIN ACTIVE LAYER ANYTHING-ON-ANYTHING: SOITEC DNA FUNCTIONAL / INSULATING LAYER UNIQUE MATERIALS SCIENCE EXPERTISE TO ENABLE DIFFERENTIATING APPLICATIONS BASE SUBSTRATE ACTIVE LAYER Silicon Piezo (including LNOI) SiC GaN InP GaAs Ge Others Silicon or SOI Edge AI Data Transistor Quantum High IoT Dat
Slide 42: Incubators to Accelerate Product Development
INCUBATORS TO ACCELERATE PRODUCT DEVELOPMENT WITH TARGETED RESOURCES INTERNAL VENTURE PROGRAMMES TO DEVELOP DISRUPTIVE PROJECTS AND ACCELERATE AGILITY 4 INCUBATORS SmartGaN Image sensors Engage with Quickly identify Optimum resource Boost sales Create significant key players all segments with high a
Slide 43: Technology & Innovation Key Messages
TECHNOLOGY & INNOVATION KEY MESSAGES SCALABLE AND EFFICIENT INNOVATION ROADMAP TO SOITEC INCUBATORS TO INNOVATION MODEL ADVANCE SEMICONDUCTOR ACCELERATE PRODUCT TECHNOLOGIES DEVELOPMENT WITH Steady R&D investment to enhance competitiveness, accelerate TARGETED RESOURCES Unique material expertise cre
Slide 44: Operations
04 4 OPERATIONS OPERATIONS Cyril Menon © Soitec 2025. No copying or distribution permitted. PAGE 44
Slide 45: Operations Key Messages
OPERATIONS KEY MESSAGES DEPLOYING A GLOBAL DEPLOYING AN AGILE DEPLOYING A SUSTAINABLE INDUSTRIAL MODEL INDUSTRIAL MODEL INDUSTRIAL MODEL Optimizing asset utilization to Protecting margins through Delivering on our ambitious carbon manage short-term uncertainty and continued supplier diversification
Slide 46: Operations Strategy Fundamentals
OPERATIONS STRATEGY FUNDAMENTALS DEPLOYING A GLOBAL, AGILE AND SUSTAINABLE INDUSTRIAL MODEL MAXIMIZE UTILIZATION & ASSET Maximize fab capacity with existing sites 01 REUSE OF EXISTING FACTORIES sized to accommodate Business Plan MAXIMIZE OPERATING LEVERAGE REALLOCATE MOST DEMANDED Leveraging Bernin
Slide 47: Deploying a Global and Agile Industrial Footprint
DEPLOYING A GLOBAL AND AGILE INDUSTRIAL FOOTPRINT MODERATING CAPEX TO ALIGN WITH CUSTOMER DEMAND SOI 200mm POI SmartSiCTM SOI 300mm BERNIN 1 / SIMGUI PARTNERSHIP BERNIN 3 BERNIN 4 BERNIN 2 / PASIR RIS Synergies Ability to Increasing 300mm (Tools & People) reallocate unused SOI Refresh within Compoun
Slide 48: Ramping Global Industrial Capacity to ~4.3M Wafers
RAMPING GLOBAL INDUSTRIAL CAPACITY TO ~4.3M WAFERS Increasing SOI 300mm ~4.3M capacity, enabling WAFERS/YEAR Ongoing Bernin 3 ramp-up and ability to Piloting equipment for operating leverage installation to meet re-allocate some Bernin 1 demand in SmartSiCTM ~35% assets to increase POI capacity towa
Slide 49: ~€770M Investment Plan to Support Operating Model
~€770M INVESTMENT PLAN TO SUPPORT OUR OPERATING MODEL FY26: ~€150M EQUIPMENT, TOOLS AND BUILDINGS 5%-10% 20%-25% 5%-10% ~30% ~€770M ~40% Finalizing Pasir Ris extension building Capacity 300mm SOI POI SmartSiCTM IT / Sustainability / Innovation* OPERATING Maintenance & Upgrade* MODEL * CAPEX independ
Slide 50: A Resilient Operating Model to Navigate a Challenging Environment
A RESILIENT OPERATING MODEL TO NAVIGATE A CHALLENGING ENVIRONMENT FOCUSING ON PARAMETERS WITHIN OUR CONTROL IN UNCERTAIN TIMES YIELD IMPROVEMENT AUTOMATION SOURCING Global Process Control Robotics integration Long-term strategic agreements organization & strategy Deploy robots & Digitalization in ke
Slide 51: Deployment of Ambitious Roadmap to Support Sustainable Growth
DEPLOYMENT OF OUR AMBITIOUS ROADMAP TO SUPPORT SUSTAINABLE GROWTH SCOPE 1 & 2 EMISSIONS REDUCTION TARGET REACHED 2 YEARS AHEAD WATER WITHDRAWAL INTENSITY AND WATER REUSE RATIO Scope 1 & 2 emissions (tCO2eq, market-based) Water withdrawal (l/cm2) 50% SBTi pathway Water reuse ratio (%) SOITEC Target B
Slide 52: Operations Key Messages
OPERATIONS KEY MESSAGES DEPLOYING A GLOBAL DEPLOYING AN AGILE DEPLOYING A SUSTAINABLE INDUSTRIAL MODEL INDUSTRIAL MODEL INDUSTRIAL MODEL Optimizing asset utilization to Protecting margins through Delivering on our ambitious carbon manage short-term uncertainty and continued supplier diversification
Slide 53: Finance
05 5 FINANCE FINANCE Steve Babureck © Soitec 2025. No copying or distribution permitted. PAGE 53
Slide 54: Finance Key Messages
FINANCE KEY MESSAGES Accelerated diversification of Flexible and agile model Operating model enables our model mitigates short-term secures margin and 2x revenue upside, market-driven volatility cash generation in an operating leverage and FCF Preparing the Group for uncertain environment generatio
Slide 55: FY25 Financial Highlights
FY25 FINANCIAL HIGHLIGHTS P&L CASH FLOW BALANCE SHEET €891M SALES €202M OPERATING CASH FLOW(1) €1.6B EQUITY -9% Y/Y vs €165M in FY24 vs €1.5B end of March 2024 33.5% EBITDA(1)(2) MARGIN €230M CAPEX (3) €688M GROSS CASH POSITION -0.5bps vs FY24 vs €276M in FY24 vs €708M end of March 2024 €136M CURREN
Slide 56: Mixed Revenue Performance Across Divisions
MIXED REVENUE PERFORMANCE ACROSS DIVISIONS 8% €M % Change % Change % of FY25 USA FY25 FY24 as reported at constant FX and scope Revenue Mobile Communications 546 611 -11% -12% ~61% 27% Europe €891M 48% Automotive & Industrial 129 163 -21% -22% ~15% FY25 Asia excl. REVENUE China Edge & Cloud AI 216
Slide 57: Robust Gross Margin at 32.1% in Context of Lower Volumes
ROBUST GROSS MARGIN AT 32.1% IN THE CONTEXT OF LOWER VOLUMES 37.2% 37.0% Gross margin (%) 36.6% Revenue (€M) 34.4% 34.0% 32.7% 32.1% 31.4% GROSS MARGIN TAILWINDS • Efficient cost management • Solid industrial performance • Subsidies (IPCEI) €1,089M €978M GROSS MARGIN HEADWINDS €863M €891M • Lower vo
Slide 58: Current Operating Income at 15.2% of Revenue
CURRENT OPERATING INCOME AT 15.2% OF REVENUE REFLECTS SUSTAINED INVESTMENT IN R&D €M FY25 FY24 Change CURRENT OPERATING MARGIN DECREASE Revenue 891 978 -9% FROM 21.3% TO 15.2% OF REVENUE Gross Profit 286 332 -14% Sustained investment in R&D to maintain SOI leadership and develop emerging as a
Slide 59: Net Profit at 10.3% of Revenue
NET PROFIT AT 10.3% OF REVENUE €M FY25 FY24 Change Other operating expenses: €13M related to Current operating income 136 208 -35% Dolphin Design’s activities disposal - Other operating income and expenses (16) (3) Net financial expenses: new financings and €2M FX losses Operating incom
Slide 60: Significant Improvement in Cash Flow Generation
SIGNIFICANT IMPROVEMENT IN CASH FLOW GENERATION €M FY25 FY24 POSITIVE OPERATING CASH FLOW AT €202M EBITDA(1) 298 332 Lower EBITDA offset by strong improvement in working Change in working capital requirement (79) (142) capital change Incl. inventories (38) (19) €79M change in working capital requir
Slide 61: High Working Capital Level Reflecting Challenging Market Conditions
HIGH WORKING CAPITAL LEVEL, REFLECTING CHALLENGING MARKET CONDITIONS €M FY25 FY24 WORKING CAPITAL AT 55% OF FY25 REVENUE Inventories 231 209 Trade receivables 463 448 Inventories • Days on hand (DOH): 194 days on average Trade payables (153) (169) vs 168 (in FY24) Working capital from operating a
Slide 62: Moderate Change in Net Debt Position
MODERATE CHANGE IN NET DEBT POSITION (IN €M) 202 +€55M change in Net Debt (39) (176) (13) New leases include some lease back on Bernin 4 Fab (94) as well as tools: POI, SmartSiCTM, Refresh 300mm (65) (3) Net debt at Net cash generated by Net cash used in Financing cash flows New Other Net debt at 3
Slide 63: Sound Balance Sheet Maintained
SOUND ASSETS in €M 31 March 2025 31 March 2024 LIABILITIES AND EQUITY in €M 31 March 2025 31 March 2024 BALANCE SHEET Intangible assets 130 156 Total equity 1,595 1,495 MAINTAINED Property, Plant & Equipment 1,003 913 Long-term financial debt 375 669 Other non-current assets 103 89 Provisions and ot
Slide 64: Healthy Financial Structure
HEALTHY FINANCIAL +€100M €1,595M STRUCTURE €1,495M -€21M €708M €688M 31 March 2024 31 March 2025 31 March 2024 31 March 2025 SHAREHOLDERS’ EQUITY CASH AND CASH EQUIVALENTS +€35M €782M €747M +€55M €94M €39M 31 March 2024 31 March 2025 31 March 2024 31 March 2025 GROSS FINANCIAL DEBT NET DEBT 5 FINANC
Slide 65: FY26 Outlook
FY26 OUTLOOK GIVEN ONGOING UNCERTAIN ENVIRONMENT AND HIGH VOLATILITY, SOITEC WITHDRAWS ANY GUIDANCE GIVEN PREVIOUSLY Q1’26 REVENUE EXPECTED DISCIPLINED CAPITAL ALLOCATION FY26 PROFITABILITY MODEL DOWN ~20% Y/Y REFLECTING & AGILE INVESTMENT STRATEGY TO ENABLERESILIENT MARGINS IMPACT OF IMAGER-SOI
Slide 66: Deploying Our Operating Model: Long-Term Revenue Potential
DEPLOYING OUR OPERATING MODEL SIGNIFICANT LONG-TERM REVENUE POTENTIAL SUPPORTS MARGIN AND CASH GENERATION EXPANSION Edge & Cloud AI ~2x Automotive & Industrial POTENTIAL Mobile Communications ~25% ~20-25% ~35% ~25-30% ~$1B ~45% REVENUE ~25% ~15% ~50% ~60% FY25 OPERATING MODEL Box sizes for illustrat
Slide 67: Deploying Our Operating Model: Improving Fixed Cost Absorption
DEPLOYING OUR OPERATING MODEL IMPROVING FIXED COST ABSORPTION EBIT IMPROVEMENT DRIVERS (@1.10€/$) 2x SG&A POTENTIAL Discipline R&D / Sales Absorption Gross Margin Improvement ~25% CURRENT EBIT MARGIN ~$1B REVENUE 15.2% CURRENT EBIT MARGIN FY25 OPERATING MODEL Box sizes for illustrative purposes onl
Slide 68: Deploying Our Operating Model: Cash Generation Improvement Potential
DEPLOYING OUR OPERATING MODEL SIGNIFICANT CASH GENERATION IMPROVEMENT POTENTIAL FCF / SALES IMPROVEMENT DRIVERS (@1.10€/$) CAPEX Moderating CAPEX Intensity:~€770M CAPEX Working Capital plan to deliver operating model 2X potential WC / Sales EBITDA (1) ~40% 3% Operating Leverage FCF / SALES Ra
Slide 69: Finance Key Messages
FINANCE KEY MESSAGES Accelerated diversification of Flexible and agile model Operating model enables our model mitigates short-term secures margin and 2x revenue upside, market-driven volatility cash generation in an operating leverage and FCF Preparing the Group for uncertain environment generatio
Slide 70: Q&A
Q&A © Soitec 2025. No copying or distribution permitted. PAGE 70
Slide 71: CEO Wrap-Up
CEO WRAP-UP In a challenging environment, Focusing on our growth Preparing to deploy our operating FY25 performance reflects & diversification strategy model with potential for Revenue down -9% y/y Products 2x Revenue upside EBITDA Margin resilience Customers & Geographies Significant operating leve
Slide 72: Thank You
/ THANK YOU
Slide 73: Glossary
GLOSSARY ASIC (Application-Specific Integrated Circuit): DRAM (Dynamic Random Access Memory): A ML (Machine Learning): A subset of AI that A custom-designed chip optimized for a specific type of volatile memory used for high-speed data enables systems to learn and improve from data function or appli