ams

Second quarter

and half year results 2020

Alexander Everke, CEO

Ingo Bank, CFO

Moritz M. Gmeiner, Head of IR

July 2020

Vision for ams/OSRAM

Create the uncontested leader in optical solutions

Sensing

Illumination

Visualization

© ams AG Page 2

Build the leading portfolio in optical solutions

Strength across the full range of key solution components

Emitters

Optical components

Detectors

Integrated circuits

+ micro-modules

+ algorithms

•

LEDs

•

Optical elements: Lenses,

•

Light sensors

•

Emitter driver ICs

Key solution

•

µLED

light guides, DOEs

•

Bio-sensors

•

Sensor interfaces

components

•

VCSELs/EELs

•

Micro-optical packaging

•

Image sensors

•

Sensor processors

•

Lamps

•

Optical modules

(incl. algorithms)

Micro-optical/optical solutions + lamps (modules)

Sensing

Illumination

Visualization

Target applications

© ams AG Page 3

Create the uncontested leader in optical solutions

Innovation + leadership

Pursue real innovation and

market leadership in key optical components (emitters, optics, detectors, ICs, algorithms)

Co-operation

Work with innovation leaders in each area, then roll out to broader customer base

Micromodule + module

solutions

Develop optical micromodule/module solutions for growth applications in sensing, illumination, visualization

Differentiating manufacturing

Focus in-house manufacturing

on process steps driving

product differentiation

Leading financial performance

Deliver excellent financial performance in revenue growth and profitability

Diversified business

Drive diversified business with

balanced application mix

and broad customer portfolio

M&A

Accelerate the implementation of our strategy through M&A

© ams AG Page 4

Strategic position to benefit from growth trends

Key technology trends driving the sensing market

Next generation

Autonomous

Digital

Next generation

In-cabin sensing

automotive

Bio-sensing

Industrial IoT

displays

driving

imaging

(ICS) / HMI

lighting

µLED displays

LIDAR solutions

Miniaturized light

Ultra small

Bio-sensing

with full sensor-

with VCSEL- and

projectors for

wafer-level

using mid-IR

display

EEL-based

exterior and

cameras for

tunable laser

integration

offering

interior lighting

AR/VR glasses

and detector

Smart watches,

Leveraging front

solutions

Heads-up

Optical read-out

mobile devices,

and rear lighting

displays in

for Lateral Flow

smart home and

systems as

Automotive

Test (LFT)

building, in-car

LIDAR/sensor

Take on the

displays and

hubs

challenge of non-

HABA/Industrial

invasive glucose

monitoring

Presence

Driver monitoring

detection and

including

personalization

attention and

Position

health + comfort

settings

detection

Smart functions

Gesture

detection and

authentication

© ams AG Page 5

Diversified and balanced end market exposure

Well-diversified combined revenue mix

Revenue share %

ams

ams + OSRAM

Industrial and

Medical26%20-30%

Automotive

35-40%

Consumer74%

35-40%

2019

Target mix

Balanced exposure and business profile

Extensive and accelerated diversification of revenues

Meaningful but balanced size in

Automotive, focus on growth areas

Reduced exposure

to Consumer

Driving technology-based

differentiation in targeted segments

© ams AG Page 6

Strong relationships power combined go-to-market

Complementary go-to-market access

amsOSRAM

Mobile

Automotive

Areas of

relative

Wearable

strength

Industrial

Medical

Automotive

Select

Consumer

Industrial

Extending customer reach across differentiated industries

ams

OSRAM

All leading mobile and

Automotive OEMs, Tier 1s

consumer OEMs

and Industrial clients

Major medical imaging vendors

Large Automotive sales force

Leverage high touch organization and

serve combined customer base across markets

© ams AG Page 7

Attractive semiconductor manufacturing footprint

Well-invested asset base following investment cycle: clear scale + potential for optimization

Europe

Regensburg

Graz

Asia

Wuxi

Calamba

Kulim

Penang

Singapore

ams sites OSRAM sites

ams and OSRAM Opto Semiconductors manufacturing footprint displayed on map

Invest and innovate in European front-end

  • Consolidate front-end LED production
  • Accelerate micro-LED manufacturing process development
  • Meaningful expected job additions across manufacturing and engineering
  • Significant capacity available for growth with limited additional capex

Optimize Asian manufacturing footprint

  • Established three large scale new sites in recent years
  • Assess consolidation of LED back-end production in Asia
  • Explore streamlining of combined Asian manufacturing footprint
  • Significant capacity available for growth with limited additional capex

© ams AG Page 8

Tangible synergies leverage combination

Expected annual run-ratepre-tax

synergies 3 years after closing1

Optimize LED front-end production

COGS

Assess consolidation of LED back-end production

>EUR120m

synergies

Optimize ams' Asian manufacturing footprint

Align corporate functions incl. marketing

OPEX

Integrate IT functions and systems across ams and OSRAM

>EUR120m

synergies

Optimize combined R&D programs

Revenue

Leverage complementary go-to-market strengths

synergies

Accelerate roadmaps in new optical solution areas

Note:

1 Synergies based on assessment of summer 2019; run-rate synergies expected to be achieved by year 3 post closing; one-off expected integration costs of up to. EUR400m

>EUR60m

Longer term

© ams AG Page 9

ams at a glance

(ams standalone)

Sensing is life: high performance sensor solutions for leading OEMs, focus on sensor-rich markets

Key figures

Our markets (H1 2020)

Consumer - 83% of revenues

961

22%

8,000

Revenues H1

Revenue growth

Customers

2020 USD m

year-on-year

Automotive, Industrial, Medical - 17% of revenues

9,000 1,100 >3,000

Employees Engineerspatents

© ams AG Page 10

Sensing enables life

Sensors - an integral part of the digital transformation

Infrastructure automation

Smart consumer devices

Industrial IoT

Personal health

Autonomous

Human/machine interface

driving

Augmented reality

Smart home & building

© ams AG Page 11

3D sensing: leading across technologies

Leading player across 3D sensing architectures

  • Industry-leadingportfolio of technologies, products and IP
    • Broad coverage of all 3D architectures
    • Highly differentiated VCSEL/VCSEL array illumination
    • Outstanding portfolio in hardware, software, algorithm IP
    • High QE near-infrared global shutter image sensing

Strong across

smartphone market, leading expertise in SL/iToF/dToF/ASV

Structured

Time-of-

Active

Light

Flight

Stereo Vision

  • Positioned for customer needs in all architectures:
    Structured light (SL), time-of-flight (iToF/dToF), active stereo vision (ASV)

Industry-leading solution expertise

  • Leader in system know-how for SL, iToF, dToF, ASV, front-facing/world-facing
  • Strong in 3D illumination, VCSEL leadership, adding NIR sensing to drive solutions

Key 3D sensing supplier in Consumer, upcoming Automotive LIDAR, early Industrial

  • High volume 3D for top consumer OEMs
  • Leading position in Android world-facing iToF illumination, behind-OLED 3D development in ASV, ASV full solution demos, dToF development
  • Automotive momentum: solid-state 3D and other LIDAR, in-cabin sensing
  • Industrial early moves: household, growing interest in secure access

© ams AG Page 12

3D sensing: NIR sensing, ASV, BOLED 3D

High performance near-infrared (NIR) sensing

  • Ultra-sensitiveams NIR image sensing with state-of-the-art quantum efficiency (QE) of up to 40%
  • Incorporating ams illumination expertise and core IP in global shutter technology, partnership with SmartSens

NIR sensing drives

ASV solutions,

BOLED 3D

development

ASV: leveraging 3D expertise for ams system solution

  • Integrating NIR sensor expands 3D offering for solution development
  • Full 3D system capability based on leading 3D portfolio and expertise
  • Front-facingASV system - VCSEL to biometrics: projector illumination (VCSEL, driver, optics, module), ams IP NIR sensor, software (depth mapping, biometrics)
  • Accelerating implementation of ASV system solutions:
    Consumer 3D, Automotive 2D/3D in-cabin sensing (ICS), early industrial (household, access)

BOLED 3D development

  • Invisible BOLED 3D - moving 3D behind display: high security, high convenience, attractive design,
    ASV-based full system in development, potential to explore SL architecture

© ams AG Page 13

3D sensing: dToF development, VCSELs

dToF 3D: leading know-how in upcoming 3D architecture

  • dToF offers outstanding 3D performance for difficult lighting conditions (high brightness) and longer distances
  • Very attractive, technically complex architecture
  • dToF roadmap for illumination and systems development
    • portfolio of VCSEL illumination, optics, SPAD, related IC
    • targeting high performance + long distance
    • strong ams IP, high value proposition
  • Expecting dToF to emerge into important 3D area
  • Market interest in dToF future WF applications increasing

dToF development roadmap for longer distance WF 3D: innovation focus

Superior VCSEL technology as basis: high differentiation, driving 3D strength + solutions

  • Leading portfolio for illumination in all 3D architectures:
    iToF/dToF/SL illumination, ASV/SL dot projection, 1D ToF distance + proximity
  • Best-in-classhigh power VCSELs/high count VCSEL arrays:
    Smallest pitch (high resolution, lower system cost), leading power efficiency (up to >60% (lab) vs. typical 45-50% quantum efficiency), best beam quality (very narrow beam divergence), true high power (from mW to W to 100+W)
  • External supply chain supports high volumes, ramp-up of internal line ongoing

© ams AG Page 14

3D sensing: Automotive 3D LIDAR, in-cabin

3D LIDAR: leading illumination technology provider

  • Major solid-state LIDAR illumination win with
    Tier 1 supplier ZF + leading technology provider IBEO
  • High performance true solid-state scanning: combining advantages of non-scanning/flash + mechanical/MEMS scanning
  • Line-by-lineaddressable high power high count VCSEL array: system-level advantages across scanning architectures

Automotive 3D

offers major

opportunities,

market traction in in-cabin sensing

  • VCSEL illumination systems for multiple LIDAR architectures (true solid-state, mechanical scan, flash), may include automotive eye-safety VCSEL driver
  • Strong partnership with IBEO drives market traction, LIDAR illumination wins in different geographies

Best of non-

scanning/scanning

In-cabin optical sensing (ICS): sizeable emerging market, strong traction, first win/projects

  • Identified applications: driver monitoring (drowsiness, distraction), driver interaction (gestures), occupant monitoring (airbag management, rear seat)
  • Very good market traction given solution capability and automotive expertise
  • Full ams 3D driver monitoring system demo for in-dashboard integration
  • First 3D ToF illumination for Tier 1 supplier, product development for additional projects

© ams AG Page 15

Optical sensing

A worldwide leader in light sensing solutions

• Leading in optical sensing:

Leadership in 3D

and optical sensing

sensors, illumination solutions, high performance optical systems

for consumer and

• High quality optical sensing at top consumer OEMs

non-consumer

• Driving innovation in optical technologies

markets

• Upcoming growth markets in Automotive + Industrial

Broad portfolio: 3D sensing incl. VCSEL, display management/proximity, BOLED

  • 3D sensing: leading portfolio + system expertise, all technologies, major consumer OEMs
  • High performance VCSELs for 3D/optical sensing: strong in consumer, early automotive lead
  • Innovative behind-OLED light/prox sensing: fast adoption, enabling BOLED 3D (development)
  • Display management ALS/proximity, ultra-small proximity for wireless earbuds, camera AWB

Technology leadership for new markets: spectral sensing, bio-sensing

  • Biosensing: high quality blood pressure + health data measurement
  • Spectral sensing: bio/medical sample analysis innovation, highly accurate optical read-out for lateral flow test (LFT), first partnership for Covid-19 antibody fast point-of-care diagnostics

© ams AG Page 16

Optical sensing: BOLED sensing, spectral AWB

Behind-OLED (BOLED) light and proximity sensing

  • Invisible high quality optical sensing behind OLED displays
  • Complex industry-leading technology and sensor solution: very low light levels passing through OLED (approx. 4%), proximity lighting emitted through display
  • Fast penetration of leading smartphone OEMs and major platforms at higher content

BOLED adoption ongoing: major OEMs + platforms; innovative AWB market success

  • Valuable feature for high end smartphone displays, enables
    industry trend for maximum screen-to-body ratio and bezel-less designs
  • Multi-generationroadmap driving performance/sensitivity, basis for BOLED 3D: BOLED ASV system in development

High accuracy auto white balancing (AWB) for smartphone cameras

  • Integrated spectral sensing solution for highly accurate AWB:
    11-channel spectrum analysis of light environment and light source mix
  • Correct white-point balancing: key photographic function to realize best picture quality, compensate image colors for distorting effects of ambient light environment
  • Unparalleled image quality even in high color contrast scenes, vivid natural colors
  • First major high-end smartphone platform, higher DXOMARK camera ranking

© ams AG Page 17

Optical sensing: spectral read-out for medical LFT

Spectral sensing high accuracy read-out for medical LFT tests

  • Innovative application for spectral sensing in medical lateral flow testing (LFT)
  • Established medical testing method for bacteria, viruses and other medical samples
  • Unmatched technology for optical LFT read-out and analysis with very high accuracy

Innovation enables fast diagnostics at point-of-care; first partner for Covid-19 antibodies

  • Fast diagnostics at point-of-care, avoids expensive lab equipment and shipping samples
  • First partnership with European test provider Senova
    • LFT for Covid-19 antibody identification, integrated test kit with spectral sensor + Bluetooth
    • moving toward first production in H2 2020E
  • Strong market interest, exploring several additional industry partnerships for different medical LFT uses

© ams AG Page 18

Image sensing

Leading in advanced image sensing for Industrial + Medical

• Industrial - Leading vendor in global shutter technology

Leading in global

shutter + Medical

for advanced industrial applications

Imaging; Covid-19

• High value global shutter CMOS imaging for

diagnostics demand

high speed machine vision, inspection, factory automation

in Medical

  • Medical - Global leader in medical imaging sensor solutions
  • High performance cost-optimized systems for computed tomography
    (CT) and digital X-ray: clearer images at lower radiation doses for improved diagnostics
  • CT for Covid-19 clinical diagnostics helping medical imaging demand
  • NanEye micro cameras: versatile solutions (≤1mm2), leading for next gen medical endoscopy

High performance high QE NIR image sensing:

driving 3D system offering, promising power savings in mobile 3D systems

  • Ultra-sensitiveNIR sensors, state-of-the art quantum efficiency (QE) of up to 40%
  • ams global shutter IP + application expertise for faster time-to-market, SmartSens partnership
  • Integrating NIR sensors into 3D offering creates full ams systems
  • 3D ASV full system solution demos: Automotive (driver recognition), Industrial (access)
  • Enabling ASV BOLED 3D development

© ams AG Page 19

Audio sensing

ANC (active noise cancellation)

  • Best-in-classhigh performance noise reduction (>40dB)
  • Leading vendor, broad portfolio for wired/wireless accessories
    • significantly better audio experience
    • very low power, very small form factor
  • Augmented hearing: selective noise cancelling by-pass, e.g. for speech

Focus on ANC

solutions, strong position in accessory market

  • Innovation for high quality digital ANC in loose-fitting true wireless earbuds:
    • not requiring plug-in-type earpieces, more comfortable wear
    • consumer OEM design ongoing

© ams AG Page 20

ams hybrid volume manufacturing model

Internal: Differentiated manufacturing

Outsourced/external: Standard process manufacturing

Robust

Internal front-end wafer manufacturing, Austria

manufacturing

platform in

•

8" CMOS/specialty analog to 180nm, 190+k wafers p.a.

Covid-19 situation

•

Optical filter production

Internal optical manufacturing/backend + VCSEL manufacturing, Singapore

  • Leading in high-performance optical system technologies
  • Advanced optical assembly/backend, optical component production
  • Highly efficient manufacturing operations with volume/capacity/product flexibility
  • Internal VCSEL capacity: 6" 2,000 wspm line, front-end ramp ongoing

External manufacturing partnerships for scalability and flexibility

  • High volume wafer suppliers (TSMC, UMC), standard and semi-custom packaging
  • Outsourced VCSEL supply chain: capacity partners, serving different VCSEL needs

In-house test, Philippines/Singapore/Austria

© ams AG Page 21

ams global network

Headquarters Design/Application center Manufacturing/Test

Sales/customer support locations

Americas

Europe

Asia

  • 19 Design and application centers
    Austria, Belgium, China, Germany (2), Italy, India, Japan, Netherlands, Portugal, Singapore, Spain, Switzerland (3), UK, USA (3)
  • Manufacturing locations Austria, Singapore
  • Test centers
    Philippines, Singapore, Austria

© ams AG Page 22

Overview key financials

USDm

H1 2020

H1 2019

Q2 2020

Q2 2019

Total revenues

960.9

785.8

460.3

407.3

+22%

+13%

Gross margin

(adjusted)1)

40%

35%

40%

37%

f

(IFRS reported)

37%

32%

37%

35%

Result from operations

(adjusted)1)

191.0

71.8

90.1

49.0

(EBIT)

(IFRS reported)

98.9

17.1

39.2

21.5

EBIT margin

(adjusted)1)

20%

9%

20%

12%

f

(IFRS reported)

10%

2%

9%

5%

Net result

(adjusted)1)

82.2

70.2

56.8

52.2

(IFRS reported)

-9.8

15.5

5.9

24.7

EPS (basic/diluted)

(adjusted)1)

CHF2)

0.47

/ 0.50

0.89 / 0.88

0.21 / 0.20

0.66 / 0.61

USD

0.48

/ 0.52

0.87 / 0.86

0.22 / 0.20

0.65 / 0.60

EPS (basic/diluted)

(IFRS reported)

CHF2)

-0.06

/ 0.00

0.19 / 0.19

0.02 / 0.01

0.31 / 0.28

USD

-0.06

/ 0.00

0.19 / 0.19

0.02 / 0.01

0.31 / 0.28

1)

Excl. acquisition-related and share-based compensation costs

© ams AG

2)

Earnings per share in CHF were converted using the average currency exchange rate for the respective periods

Page 23

Revenues

USDm

Total revenues

1,000 +22.3%

960.9

800

785.8

600

400

200

Total revenues by market H1 2020

Automotive,

Industrial,

Medical

17%

+13.0%

460.3

407.3

83%

Consumer

0

H1 2019

H1 2020

Q2 2019

Q2 2020

© ams AG Page 24

Regional revenue distribution and backlog

USDm

Total revenues by region

100%

80%

60%

73%

82%

Asia/Pacific

40%

3%

20%

3%

Americas

24%

15%

Europe (EMEA)

0%

H1 2019

H1 2020

Total backlog

300

255.1

249.6

200

100

0

Mar 31 2020

Jun 30 2020

© ams AG Page 25

Gross profit and gross margin

USDm, % of revenues

Gross profit (adj.)1)

Gross margin (adj.)1)

500

45%

+38.3%

40%

39.6%

39.8%

400

37.4%

380.1

35.0%

300

35%

274.9

+20.2%

200

30%

183.3

152.5

25%

100

0

20%

H1 2019

H1 2020

Q2 2019

Q2 2020

H1 2019

H1 2020

Q2 2019

Q2 2020

1) Excl. acquisition-related and share-based compensation costs

© ams AG

Page 26

Operating expenses

USDm, % of revenues

R&D

SG&A

200

19.4%

200

13.9%

13.5%

150

150

11.4%

152.1

18.5%

133.7

15.0%

129.6

14.2%

100

100

11.4%

89.5

75.4

50

68.3

50

65.2

46.5

0

0

H1 2019

H1 2020

Q2 2019

Q2 2020

H1 2019

H1 2020

Q2 2019

Q2 2020

© ams AG Page 27

Adjusted result from operations (EBIT)

USDm, % of revenues

EBIT (adj.)1)

+168.3%

200

191.0

150

100

+83.8%

90.1

71.8

50

49.0

0

H1 2019

H1 2020

Q2 2019

Q2 2020

EBIT margin (adj.)1)

25%

20%

19.9%

19.6%

15%

12.0%

10% 9.1%

5%

0%

H1 2019

H1 2020

Q2 2019

Q2 2020

0.0

0.0

0.0

0.0

1) Excl. acquisition-related and share-based compensation costs

© ams AG

Page 28

Net result and EPS

USDm, USD per share

Net result (adj.)1)

EPS basic (adj.)1)2)

100

1.00

CHF 0,89 / 0,47

CHF 0,66 / 0,21

+17.2%

0.80

0.87

75

82.2

+8.7%

70.2

0.60

0.65

50

56.8

52.2

0.40

0.48

25

0.20

0.22

0

0.00

H1 2019

H1 2020

Q2 2019

Q2 2020

H1 2019

H1 2020

Q2 2019

Q2 2020

1)

Excl. acquisition-related and share-based compensation costs; EPS diluted (adjusted) H1 2020: USD 0.52 / CHF 0.50, Q2 2020: USD 0.20 / CHF 0.20

© ams AG

2)

Reflecting new share count for 2020 figures after capital increase in Q2 2020

Page 29

Cash and net debt, operating cash flow

USDm, % of revenues

Cash

Net debt

Operating cash flow

2,500

400

35.4%

18.2%

2,315

2,000

340.6

1,500

300

1,551

1,000

200

23.1%

825

12.2%

500

142.9

100

0

106.2

-56

49.7

-500

0

Q1 2020

Q2 2020

Q1 2020

Q2 2020

H1 2019

H1 2020

Q2 2019

Q2 2020

© ams AG Page 30

Capital expenditures

USDm, % of revenues

Capital expenditures

200

16.8%

150

5.9%

132.3

100

11.5%

4.3%

5056.7

47.0

19.9

0

H1 2019

H1 2020

Q2 2019

Q2 2020

© ams AG Page 31

ams

Shaping the world with sensor solutions

Profit and loss statement

USDm

(IFRS)

H1 2020

H1 2019

Q2 2020

Q2 2019

Revenues

960.9

785.8

460.3

407.3

Gross profit

356.4

252.7

170.7

141.3

• Gross margin (adjusted1))

39.6%

35.0%

39.8%

37.4%

• Gross margin (IFRS reported)

37.1%

32.2%

37.1%

34.7%

Research and development

-133.7

-152.1

-68.3

-75.4

Selling, general and administrative

-129.6

-89.5

-65.2

-46.5

Other operating income/expenses

6.6

6.0

2.5

2.0

Result from operations (EBIT)

98.9

17.1

39.2

21.5

• EBIT margin (adjusted1))

19.9%

9.1%

19.6%

12.0%

• EBIT margin (IFRS reported)

10.3%

2.2%

8.5%

5.3%

Net financing costs

-104.9

2.2

-32.2

5.0

Result before tax

-6.0

19.4

7.1

26.4

Income tax result

-3.8

-3.9

-1.1

-1.8

Net result (adjusted1))

82.2

70.2

56.8

52.2

Net result (IFRS reported)

-9.8

15.5

5.9

24.7

  1. Excl. acquisition-related and share-based compensation costs

© ams AG Page 33

Balance sheet

USDm

Assets (IFRS)

Jun 30,

Dec 31,

Liabilities and equity

Jun 30,

Dec 31,

2020

2019

2020

2019

Cash and short term invest.

2,315.4

551.3

Interest-bearing debt

1,027.9

861.0

Trade receivables

121.4

222.4

Trade liabilities

156.3

149.2

Inventories

246.3

231.5

Tax liabilities

26.1

21.6

Other current assets

150.3

142.9

Provisions

109.6

124.2

Assets held for sale

0.0

94.8

Other liabilities

134.8

170.5

Total current assets

2,833.4

1,242.9

Total current liabilities

1,454.6

1,326.5

Fixed assets

1,179.7

1,244.9

Interest-bearing debt

1,231.8

1,432.7

Intangible assets

1,221.4

1,242.6

Employee benefits

53.7

54.0

Right of use assets

130.7

135.3

Deferred tax liabilities

66.3

69.0

Investments in associates

52.6

30.7

Other liabilities

130.6

140.4

Deferred tax asset

8.0

9.4

Other non-current assets

2.8

2.0

Long-term financial assets

1,113.0

976.0

Total non-current assets

3,708.1

3,640.9

Total non-current liabilities

1,482.5

1,696.0

Shareholders' equity

3,604.5

1,861.3

Total assets

6,541.5

4,883.8

Total liabil. and equity

6,541.5

4,883.8

© ams AG Page 34

Cash flow statement

USDm

(IFRS)

H1 2020

H1 2019

Q2 2020

Q2 2019

Result before tax

-6.0

19.4

7.1

26.4

Depreciation

166.4

149.7

82.8

75.4

Cash flow from operations

340.6

142.9

106.2

49.7

Capital expenditures

-56.7

-132.3

-19.9

-47.0

Cash flow from investing activities

-207.2

-137.9

-46.2

-45.3

Proceeds from borrowings

101.9

13.9

2.0

0.2

Repayment of debt

-152.0

-106.7

-118.5

-67.6

Dividends paid

0.0

0.0

0.0

0.0

Changes resulting from capital increase

1,816.5

0.0

1,816.5

0.0

Cash flow from financing activities

1,631.0

-218.2

1,438.1

-153.4

Change in cash and cash equivalents

1,764.1

-217.4

1,489.5

-155.9

(incl. effects of changes in foreign exchange rates)

Cash and cash equivalents at end of period

2,315.4

471.3

2,315.4

471.3

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ams AG published this content on 29 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2020 09:20:10 UTC