15 slides from Sivers Semiconductors Ab's investor day presentation, May 27, 2025
Slide 1: Financial Performance
Financial Performance Capital Markets Day May 27th, 2025 Lottie Saks, CFO
Slide 2: Financial overview
Financial overview
Slide 3: Progress Year to Date Q1 2025
Progress Year to Date Q1 2025
Slide 4: Q1 2025: Strongest Sales Quarter for the Company
Q1 2025: Strongest Sales Quarter for the Company Continued improvement in AEBITDA YoY – close to break even Revenue, MSEK ADJ EBITDA, MSEK Q1 78,5 (2,6) (56,1) (7,5) +40% 65% YoY 11
Slide 5: Wireless continues growth trajectory (+85% in Q1)
Wireless continues growth trajectory (+85% in Q1) Healthy product sales for both Business Units Photonics Wireless Sivers +85% +40% -18% 27 58 MSEK 22 5 2 79 MSEK 25 Q1 5 20 MSEK 14 27 20 10 25 56 4 11 31 -4 25 • Photonics share of Product 12 19 44 58 Sale was 52,7% 10 19 31 • Wireless share of Prod
Slide 6: Maintaining high level of Product Sale in the Quarter
Maintaining high level of Product Sale in the Quarter Product Sales continue to increase in line with strategic transformation Sivers Product Sales MSEK 30 +41% 25 25 25 Q1 17 7 20 20 18 17 25 MSEK 17 • Strong Q1 Sales with 7 15 MSEK and 41% Growth in 13 Product Sales 10 9 9 8 9 • Photonics grew Pro
Slide 7: Strengthening presence in North America
Strengthening presence in North America Product Sales at 31% for Sivers Asia Photonics 4% Europe 26% 31% Product 32% 64% 69% 74% Wireless NRE North America 14
Slide 8: Record Sales in Q1 2025, improving profitability YoY
Record Sales in Q1 2025, improving profitability YoY Financial Highlights Q1 Sales and Adjusted EBITDA % MSEK • Q1 2025 Revenue: 78,5 MSEK , a 40% increase compared to 80 40 Q1 2024. 30 60 20 10 40 0 • Strong growth in Wireless, +85% YoY 74 77 79 58 58 56 58 -10 50 52 • Strong Product sales, +41% Yo
Slide 9: Financial Performance in Perspective
Financial Performance in Perspective
Slide 10: Photonics getting in position for scaling up
Photonics getting in position for scaling up Sales and EBITDA Photonics Sales by revenue type EBITDA (AEBITDA from 2022) +8% MSEK • Stable revenue while preparing for +1% % of Sales MSEK % of Sales production ramps 100 +15% 40 38 10 55.0 • Opportunity for margin expansion 90 -7% +7% 84 85 35 and inc
Slide 11: Strong growth in Wireless, positive EBITDA
Strong growth in Wireless, positive EBITDA Sales and EBITDA Wireless Sales by revenue type EBITDA (AEBITDA from 2022) • Pivoting focus to SATCOM and highly +93% selective engagements in other markets allow strong growth and improved EBITDA +4% MSEK % of Sales MSEK % of Sales +155% • Sharp improvemen
Slide 12: Driving Capital Efficient Profitable Growth
Driving Capital Efficient Profitable Growth Leveraging R&D Investments Capitalized R&D and R&D as share of sales Capex and Capitalized R&D as share of sales % of % of • Focused product development in targeted MSEK MSEK Sales Sales strategic verticals. AI datacenters and SATCOM 100 120 100 95 120 • C
Slide 13: Strong Momentum and improved operating leverage
Strong Momentum and improved operating leverage Continue Growing Sales and Reducing Burn rate Sales (MSEK) EBITDA (MSEK and % of sales) Cash Flow (MSEK) -58% -118% -56% -14% -13% -10% +39% -93% 31% 54% 7% 200 +78% +3% 266 236 244 -11 -16 -20 48 -27 8 -34 -31 Acquisition +46% of -8 Mixcomm -21 133 -4
Slide 14: Improving Financial performance
Improving Financial performance Key Financial Measures Growth % Revenue MSEK Product Share of Sales % Profitability EBITDA % Cash Flow MSEK 80 300 80 20 50 250 0 0 60 60 -20 -50 200 40 -40 150 40 -100 -60 -150 20 100 -80 20 -200 50 -100 0 -250 0 0 -120 2020 2021 2022 2023 2024 Q1 2020 2021 2022 2023
Slide 15: Well Positioned for continued Growth
Well Positioned for continued Growth Financial highlight Summary • Demonstrated a strong trajectory towards growth and operational efficiency • Growth ~40% CAGR over past three years as well as Q1 2025 • Shift towards increased Product Sales • The consistent improvement in margins reflects successfu