EQS-Adhoc: ams-OSRAM AG: revised microLED strategy, expects impairment, adjusts its medium-term, structural growth model slightly to 6 to 8% and expects an improved cash flow profile

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EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Change in forecast ams-OSRAM AG: revised microLED strategy, expects impairment, adjusts its medium-term, structural growth model slightly to 6 to 8% and expects improved cash flow -Profile 02/28/2024 / 9:24 p.m. CET/CEST Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014, transmitted by EQS News – a service of EQS Group AG. The issuer/publisher is responsible for the content of the message. ═════════════════════════════════════════ ═════════ ════════════════════════ Ad hoc announcement in accordance with Art. 53 KR of the SIX Swiss Exchange —– ams OSRAM revises microLED strategy, expects impairment, adjusts its medium-term structural growth model slightly to now 6 to 8% and expects an improved cash flow profile • The key project of the microLED strategy was unexpectedly canceled today, causing ams OSRAM to revise its microLED strategy • Impairments of According to preliminary estimates, EUR 600 to 900 million are expected • Fiscal year 2024: on a preliminary basis, an adjusted operating margin (adj. EBIT) is expected to be EUR 30 to 50 million lower, as fewer R&D expenses are capitalized and less funding is booked can be. The Group is considering additional cost reduction measures beyond the ongoing “Re-establish the Base” efficiency program to minimize impact • Q1/24: The expected first quarter sales range of EUR 800 to 900 million remains unchanged • Q1/24 : The expected range for the adjusted operating margin (adj. EBIT) of 4% to 7% still applies, although the lower capitalization of R&D expenses and lower funding within the range will have a negative impact • The group expects that the cash -Flow profile even improved over the next 24 months (e.g. due to savings in investments) • The structural growth model will be slightly adjusted to an average growth of 6% to 8% based on the core portfolio from 2023, i.e. without the no longer Semiconductor businesses belonging to the core business and the portfolio parts sold in Q1 2023 in the Lamps & Systems segment Premstätten, Austria, and Munich, Germany (28. February 2024) – ams OSRAM is revising its microLED strategy after the unexpected cancellation of the key project. A non-cash impairment charge of EUR 600-900 million, slightly revised medium-term growth of 6-8% on a comparable basis and a positive impact on the cash flow profile within the next 24 months are expected. The Board of Directors of ams-OSRAM AG has decided to revise the microLED strategy after being informed of the unexpected cancellation of a key project in the microLED program today. Discussions with the relevant customer are ongoing. In the wake of the cancellation of the key microLED project, ams OSRAM will review the future uses of all assets associated with the microLED strategy, particularly the new 8-inch LED factory in Kulim, Malaysia. According to an initial estimate, ams OSRAM expects non-cash impairments on microLED-related assets and goodwill of EUR 600 to 900 million in the first quarter of fiscal year 2024. Changes in the capitalization of R&D expenses for the microLED program and lower allocations of public funding will burden the adjusted operating margin (adj. EBIT) by EUR 30 to 50 million in the 2024 fiscal year. The Group is therefore considering making additional cost savings alongside the ongoing “Re-establish the Base” efficiency program to mitigate the negative impact on profitability in the fiscal year. Current business remains on track and the group continues to expect sales to grow to a level of EUR 800 to 900 million in the first quarter on a comparable basis. The adjusted operating margin (adj. EBIT) is also expected to remain in the communicated range of 4 to 7% of sales, although the aforementioned burdens due to lower R&D capitalization and lower subsidies will impact the result within the range. The cancellation of the key project will also result in an improved cash flow profile for the group over the next 24 months, for example due to lower investments in manufacturing equipment. Impact on the medium-term financial model The company is now aiming for sales of EUR 300 to 400 million in 2023 on a comparable basis (i.e. excluding the portfolio in the semiconductor segment, which is no longer part of the core business, and without the portfolio adjustment in the Lamps & Systems segment in Q1/2023). average annual growth (CAGR) of 6% to 8%, as a growth contribution from the 8-inch wafer factory in Kulim, Malaysia can no longer be expected in the time horizon of the medium-term financial model. The company continues to expect that the largest contribution to growth will come from the strong momentum in the targeted automotive semiconductor applications, in which the company is the clear market leader. In addition, significant design wins that ams OSRAM was able to record in the area of light sensors for mobile devices will contribute to the result. In addition, further contributions to growth are expected in the end markets of industry, medical technology and selected applications in the area of consumer devices. The company is seeing continued inflows of new business (design wins) for its core semiconductor portfolio in the automotive, industrial and medical technology end markets, which will begin over the next few years. About ams OSRAM The ams OSRAM Group (SIX: AMS) is a leading global provider of intelligent sensors and emitters. We combine light with intelligence and innovation with passion, enriching people’s lives. With a collective history stretching back more than 110 years, our company is essentially defined by imagination, deep technical know-how and the ability to produce sensor and lighting technologies on a global industrial scale. We develop inspiring innovations that enable our customers in the automotive, industrial, health and consumer markets to maintain their competitive edge. At the same time, we are driving innovations that sustainably increase our quality of life in terms of health, safety and comfort while reducing the impact on the environment. Our approximately 20,000 employees worldwide ensure safer driving, more effective medical diagnoses and more convenience in everyday communication with innovations in the areas of sensors, lighting and visualization. Our work makes technologies for breakthrough applications a reality, reflected in over 15,000 issued and pending patents. With headquarters in Premstätten/Graz (Austria) and a co-headquarters in Munich (Germany), the ams OSRAM Group achieved sales of EUR 3.6 billion in 2023 and is listed as ams-OSRAM AG on the SIX Swiss Exchange ( ISIN: AT0000A18XM4). You can find out more about us at (1) https://ams-osram.com. ams is a registered trademark of ams-OSRAM AG. In addition, many of our products and services are registered or registered trademarks of the ams OSRAM Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners. ams OSRAM social media: (2)>Twitter (3)>LinkedIn (4)>Facebook (5)>YouTube Contact Investor Relations Media Relations ams-OSRAM AG ams-OSRAM AG Dr Juergen Rebel Bernd Hops Senior Vice President Senior Vice President Investor Relation Corporate Communications T: +43 3136 500-0 T: +43 3136 500-0 (6)investor@ams-osram.com (7)press@ams-osram.com

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