Slide 1: Third Quarter 2025 Earnings Call
Sense the power of light Third Quarter 2025 Earnings Call Aldo Kamper, CEO Rainer Irle, CFO Dr Juergen Rebel, SVP Investor Relations 18 November 2025
Slide 2: Disclaimer
Disclaimer This presentation contains statements related to our future business and financial performance and future events or developments involving ams OSRAM which include management’s expectations, beliefs, intentions, and strategies concerning future events, such as revenue projections, market d
Slide 3: Q3/25: Revenue above guided mid-point despite weaker USD
Q3/25: Revenue above guided mid-point despite weaker USD adj. EBITDA margin at the mid-point of the guidance All figures in EURm / % of revenues Group revenues EBITDA, EBITDA margin (adj.)2) ø EUR/USD 1.10 1.07 1.05 1.13 1.17 18,8% 19,5% 18,8% approx. +6% YoY in core portfolio1) 17,0% 16,4% -3% 0% +
Slide 4: Lamps & Systems: typical seasonal upswing & strong sales of LEDr products
Lamps & Systems: typical seasonal upswing & strong sales of LEDr2) products All figures in EURm / % of revenues L&S revenues EBITDA, EBITDA margin (adj.)1) -7% +13% 18,2% 24,5% 16,0% 15,2% 13,2% -24% -3% 275 233 249 216 192 61 50 37 29 28 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 −
Slide 5: OS: auto and industrial drive sequential growth despite weaker USD
OS: auto and industrial drive sequential growth despite weaker USD All figures in EURm / % of revenues OS revenues EBITDA, EBITDA margin (adj.)1) -4% +6% 23,1% 22,9% 22,6% 14,6% 14,7% -7% +4% 381 365 350 336 344 88 79 82 51 49 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 − QoQ: increa
Slide 6: CSA: strong consumer business drives annual revenue peak despite weaker USD
CSA: strong consumer business drives annual revenue peak despite weaker USD All figures in EURm / % of revenues CSA revenues EBITDA, EBITDA margin (adj.)1) +2% +13% 23,6% 21,3% 17,9% 18,0% 13,8% +33% +49% 266 258 271 236 239 64 48 55 43 32 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25
Slide 7: Semis: 9% like-for-like growth of semi core portfolio
Semis: 9% like-for-like growth of semi core portfolio All figures in EURm / % of revenues Total semi revenue Automotive revenue I&M revenue Consumer revenue approx. +9% YoY -2% +2% in core portfolio1) -3% +4% -5% +22% +9% ~non-core +2% 647 608 637 234 240 239 230 571 583 225 229 224 210 206 184 171
Slide 8: Q3/25 – constantly winning new business in the core semiconductor business
Q3/25 – constantly winning new business in the core semiconductor business On track to secure approx. EUR 5 bn of new semiconductor design wins in 2025 EUR 4 bn LTV* in the first 9 months of 2025 Design-wins at important OEMs Automotive Industry / Medical Consumer Significant design- wins in display
Slide 9: Technology leadership in Infrared emitter technologies
Technology leadership in Infrared emitter technologies Important base technology for existing and future application areas – triple digit million revenue contribution already Near-infrared emitters (808nm – 1130nm) Key Applications Driver Monitoring (DMS) LiDAR Interior Monitoring (IMS) UV1 Visible
Slide 10: Technology Leadership in direct Time-of-Flight sensing
Technology Leadership in direct Time-of-Flight sensing The fastest and smallest direct Time-of-Flight (dToF) sensor technology available today direct Time-of-Flight sensing Key Applications 2ns Pulse Round Trip Single- & multi-zone Gesture recognition Smartphones Building automation dToF module Edge
Slide 11: ams OSRAM brings professional ambient light detection to Consumer devices
ams OSRAM brings professional ambient light detection to Consumer devices Flicker detection sensor & RGB color sensor are integrated into Honor new flagship models • Honor’s Magic 8 flagship models feature ams OSRAM’s latest HDR Flicker Detection sensor, enabling real-time light source analysis • Co
Slide 12: 'Re-establish the Base' implementation is very well ahead of schedule
‘Re-establish the Base’ implementation is very well ahead of schedule Run rate savings of EUR ~185m reached by end of Q3/25 – upsized total target EUR ~225m by end of 2026 Run rate savings at end of period vs. 2023 reference1) Implementation status End-24: 250 Set-up & Infrastructure ~225 target-lin
Slide 13: Strong available liquidity (~EUR 1.65bn) based on diversified mix of debt instruments
Strong available liquidity (~EUR 1.65bn) based on diversified mix of debt instruments Current capitalization Current debt maturity profile €m, IFRS values as of September 2025 €m, repayment amounts as of September 2025 Private Placement of additional USD 350m and €m, IFRS values as of December 2023
Slide 14: Operational FCF (excl. pre-payments) strongly improved y-o-y
Operational FCF (excl. pre-payments) strongly improved y-o-y All figures in EURm / % of revenues Operating Cash Flow (OCF) Free Cash Flow (FCF)1) (including net interest paid) Cash Flow related to Capex Inflow from Divestments incl. divestments, incl. net interest paid Q3/24 Q4/24 Q1/25 Q2/25 Q3/25
Slide 15: Q3/25: adjusted net result further improved
Q3/25: adjusted net result further improved All figures in EURm / % of revenues Net results (adj.)1) EPS diluted (adj.)1) 2) Net results IFRS EPS diluted IFRS 2) CHF CHF 0.35 0.02 -0.22 0.17 0.25 0.23 -0.55 -0.78 0.01 -0.26 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/2
Slide 16: Summary Q3/25
Summary Q3/25 Q3 2025 Highlights Q4 2025 Guidance Business update: − Revenue EUR 790m – 890m - Revenue and profitability above/at mid-point of the guidance - 9% growth like-for-like in the core semi-business − Adj. EBITDA 17.5% +/- 1.5% − Based on assumption EUR/USD 1.16 vs - Strong FCF with EUR 43m
Slide 17: Q&A
Q&A Aldo Kamper Rainer Irle Dr. Jürgen Rebel CEO CFO Head of IR 17