Sensing is life

First quarter results 2022

Alexander Everke, CEO

Ingo Bank, CFO

Moritz M. Gmeiner, Head of IR

May 2022

Vision and mission for ams OSRAM

To create the uncontested leader in optical solutions

Sensing

Illumination

Visualization

Become the uncontested leader in optical solutions through bold investments in disruptive innovation and continuous transformation delivering best in class profitability and growth

Pursue market leadership in key optical segments

Building success from our focus technologies

Emitters

Optical components & micro-modules

Detectors

Integrated circuits & algorithms

  • • LEDs

    Key solution components

  • • Micro LED / Mini LED

  • • VCSELs / EELs

  • • Lamps

  • • Optical elements: Lenses, light guides, DOEs

  • • Micro-optical packaging

  • • Optical modules

Micro-optical solutions & lamps

Sensing

Illumination

  • • Light sensors

  • • Bio-sensors

  • • Image sensors

  • • Emitter driver ICs

  • • Sensor interfaces

  • • Sensor processors (incl. algorithms)

Visualization

Excellent position for leadership in optical solutions

Balanced revenue streams (FY 2021)

ConsumerAutomotiveIndustrial and Medical

Industry-leading portfolio + application expertise

  • • Focus on leading technology position

  • • Leader in application expertise across end markets

  • • Agility to support short and long product life cycles

  • • Ability to drive innovation in different end markets, applications and customer bases

  • • Leveraging outstanding IP and manufacturing

Leading in key optical applications

  • • Advanced automotive exterior/interior LED lighting

  • • LED innovation

    (UV-C, Mini LED, IRED, high power specialty lighting)

  • • Micro LED next generation display technology

  • • 3D solutions (AR, authentication, consumer + industrial)

  • • Display management, optical sensing, near-to-eye AR/VR

  • • EEL + VCSEL LIDAR

  • • High performance imaging

Clear investor value proposition

Clear long-term targets

Commitment to growth

Leader in optical solutions driven by secular growth trends in Automotive, Consumer and Industrial & Medical

  • • Revenue CAGR >10%, outgrowing our SAM

  • • Synergies / savings ~350M€

  • • Adj. EBIT margin 20%+

  • • Automotive 35-40%,

    Consumer 35-40%, I&M 25-30%

  • • Top 10 global customers 35-40%

  • • Divestment proceeds >500M€

  • • Targeting investment grade with net debt/adj. EBITDA <2x

  • • Carbon neutrality in 2030

  • • Gender diversity in leadership 25% in 2026

Path to strong sustainable profitability

Doubling of EBIT margin driven by portfolio optimization, manufacturing footprint consolidation, synergy realization and revenue growth

Balanced and diversified business mix

Balanced application end-market exposure and diversified global customer base creates broadly supported earnings streams

Prudent financial policy

De-lever based on strong operational cash flows and proceeds from divestments, while maintaining investment for growth

Focus on long-term value generation

Re-invest in differentiating technology & innovation and related organic growth opportunities, in alignment with ESG focus

Note: Expected values based on current target model and available information

Expectations and targets are based on ams OSRAM's latest reasonable assumptions and do not include potentially material effects related to the further development of the current or to any future geopolitical crisis Adjusted figures exclude M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of a business

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ams AG published this content on 03 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 03:52:10 UTC.