Slides
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Welcome to the Melexis Capital Markets Day 2025
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Philip Ludwig Investor Relations
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Disclaimer Except for those statements that report the Company's historical results, the statements being made are forward looking statements. Actual results could differ materially from those projected in the forward looking statements. Factors which could cause actual results to differ from expectations include the following: volatility in supply and demand affecting revenues and market prices, price and availability of silicon foundry, assembly and test prices, assembly and test subcontract capacity required to meet financial targets and/or meet backlog requirements, risks and delays associated with bringing up new production capabilities or with deliveries from subcontractors, timing and market acceptance of new products, increased expenses associated with new product acceptance of new products, increased expenses associated with new product introductions of process changes, delays in developing or achieving volume production of new products, which can result in delays or failure to contribute to revenues and profits, ability of the Company to maintain its customer and vendor base and delays in and/or inability in raising additional capital.
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11:00am Welcome and agenda Philip Ludwig 11:05am The next wave of Melexis growth Marc Biron 11:25am Innovation Machine Vincent Hiligsmann 11:55am Deep dive Robotics Julien Ghaye 12:10pm Q&A 12:30pm Lunch 01:00pm Automotive Growth Drivers Vincent Hiligsmann 01:30pm Deep dive China Vincent Hiligsmann 01:45pm Financial overview Karen van Griensven 02:00pm Key takeaways Marc Biron 02:10pm Q&A 02:30pm Facility tour & product demonstrations Agenda
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Maxine Moor COO Executive team Marc Biron CEO Vincent Hiligsmann CIO Karen van Griensven CFO T onny Duisters CBO
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Marc Biron CEO
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The world we operate in
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The world we operate in Geopolitical T ension One Health Climate Change Aging PopulationSOCIETY
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The world we operate in Redefinition of Mobility Software-Defined-Vehicle Automotive Pivot CORE BUSINESS
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The world we operate in Robotization of Everything Electrification of Everything DIVERSIFICATION
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The world we operate in T alent Scarcity Re-skill / Upskill PEOPLE
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The world we operate in HOW TO WIN Artificial Intelligence Innovation vs. commoditization Customer Intimacy World Class Operations
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The world we operate in Robotization of Everything Redefinition of Mobility Software-Defined-Vehicle Electrification of Everything Automotive Pivot Artificial Intelligence Innovation vs. commoditization Customer Intimacy World Class Operations T alent Scarcity Re-skill / Upskill SOCIETY HOW TO WIN DIVERSIFICATION Geopolitical T ension One Health Climate Change Aging Population CORE BUSINESS PEOPLE
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Time-T ested
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 2010 - 2023 ASSPs >50% Triaxis Expanding portfolio Europe, Asia, US Capital Markets Day 1995 ~2010 Founding ASIC sensors and drivers Automotive Electronic engineers Western Europe The next wave of Melexis growth is underway
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● T echnology leadership ● Customer intimacy ● Fabless model ● System solutions Melexis strategy based on 4 pillars
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.Source: TechInsights (April 2025) T echnology leadership Melexis ranks 4th in automotive sensors
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 400+ patents Average of 40 patent families per year T echnology leadership Thermal management Drivers 1. Melexis 2. Elmos 3. TDK EV Powertrain Sensors 1. Melexis 2. Allegro 3. Novosense Interior Lighting Drivers 1. Melexis 2. Indie 3. Elmos Thermal management Sensors 1. Melexis 2. TDK 3. Allegro Steering & Braking Sensors 1 Melexis 2 Infineon 3. Allegro
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Big enough to serve, small enough to care Customer intimacy
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Customer intimacy : OEMs
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Customer intimacy : Tier 1
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2025 Best Partner Award - by Inno Sensing Outstanding Supplier in the Supply Chain -by Yanzhi T echnology Strategic Partner Award - by Wodeer 2024 MLX90427 - OFweek Automotive T echnology Innovation Award Global Automotive Supplier Ecosystem Partner Award - by China Auto Newspaper Excellent Award for HR Best Practices in the Semiconductor Industry 2023 Q4 MLX90423 - T op 50 Auto Chips in 2023 Strategic T echnical Collaboration Supplier - by EFI Automotive Value Contribution Award - by Sanhua Automotive China awards
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Fabless model Design and layout Wafer probe Final test IC assemblyWafer fab Define External What we do Chips Module assembly Full solutions ? 350-110 nm (8”) 130 nm (8”) 90 nm (12”) 40 nm (12”)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Application & System engineering (simulator / webtool / GUI) System solutions Mechatronic module Alternative Mobility Complex packaging Triphibian Complex packaging PCB less Software Embedded/Edge AI Mechatronic module Fingertip
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● Pursue rapid innovation & win in high-growth markets ● Future-proof talent & diverse, high-performing teams ● Serving customers with world class operations Accelerating into the future
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Pursue rapid innovation Accelerating product development Scheduled product launches for full FY2025
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Win in high-growth markets
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Future-proof talent & diverse, high-performing teams 01 02 03 04Strategic workforce planning Geographical relevant skills and competency building with increased focus on software and mechatronic. Organizational transformation reflects today's and tomorrow's market shifts Enables autonomy and effective decision making. Driven by values Focus on driving high performance, in results and behaviors. Effective leadership Enhancing leadership capabilities through targeted programs. INCLUSION
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Building a smarter, faster, more resilient operations engine Driving operational efficiency Establishing a strategic footprint in Asia . Flawless quality with zero defect mindset Sustainable operation efficiency Serving customers with world class operations
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Melexis strategy house as the North Star
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Leading in sensors and drivers in an electrified and robotized world WHY HOW WHERE WHAT OUR DNA We innovate with heart for the good of people and planet We develop a portfolio of products, services & solutions to enable our customers’ success Automotive T echnology leadership Fabless model System Solutions Customer intimacy Pursue rapid innovation & win in high-growth markets Future-proof talent & diverse, high-performing teams Serving our customers with world class operations Sustainable & Adaptable by Design and Driven by our Values Digital Health Sustainable World Alternative MobilityRobotics
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Vincent Hiligsmann Business Innovations
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The hi-tech world we operate in Mature Nodes vs. Advanced Nodes Silicon CMOS vs. SiC & GaN Power Devices Edge-AI vs. Cloud-AI The Era of Data The Era of Electrification, Robotization & Automation
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product portfolio Provide DATA Enable ACTION
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product portfolio
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product portfolio
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Chosen markets
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Growth drivers ● Maturing market growth ● Higher growth for 5 areas of focus ○ EV Powertrain ○ EV Thermal Management ○ Battery ○ E-Braking & E-Steering ○ Lighting ● ICs & Solutions
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Growth drivers ● High intrinsic market growth ○ Data ○ Electrification ○ Robotization ● Higher value proposition ○ ICs ○ System Solutions ○ Modules ● High multiplier in Robotics
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Business Creation Organization
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Journey from idea to revenue
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Journey from idea to revenue
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Innovation
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Innovation ● T orque Sensing ● Strain Sensing ● In-cell Battery Impedance Sensing ● Self-illuminating Nanoplasmonic Biosensor ● Graphene Field Effect Transistor Readout IC ● …
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product Development
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product Development ● Motor Controller feat. Dual Core 32b MCU ● Hydrogen Sensing ● Coreless Current Sensing ● Silicon RC Snubber ● 48V Switches ● …
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product Launches
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product Launches − 2023
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product Launches − 2024 silent
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Product Launches − 2025 6-Nov MLX81350 18-Nov MLX90637 20-Nov MLX90382a 27-Nov MLX91299 9-Dec MLX90514r 11-Dec MLX90296 18-Dec MLX90411d 4-Dec MLX90642p
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Business Opportunities
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Design Wins
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Recurrent Revenue
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Digital health
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Sustainable world
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Alternative mobility
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Robotics
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T emperature sensor T actile sensing module Joint positioning - magnetic encoder Motor driver Motor positioning - magnetic resolver Motor positioning - inductive resolver Joint positioning - inductive encoder Robotics
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T emperature sensor T actile sensing module Joint positioning - magnetic encoder Motor driver Motor positioning - magnetic resolver Motor positioning - inductive resolver Joint positioning - inductive encoder Robotics
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Robotics
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Robotics
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Julien Ghaye Product Line Manager Robotics
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. The Robotics Vision We believe in the mass adoption of robots
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. T actile Sensing - an industry challenge Vision is not enough, the sense of touch is a must. Both sensing methods give complementary information about the world!
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. T actile Sensing - an industry challenge
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. The T actaxis Sensor 3D Soft sensor High mechanical compliance Compact 6x6mm footprint True 3D Sensing Normal and shear forces Robust Against change of temperature and stray magnetic fields
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. The T actaxis Sensor ?
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Forward looking summary This is the foundation of a new, high-value tactile product family.
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Invitation Come and try our T actile Fingertip Sensor prototype at the demonstration booth
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Q&A
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Break See you back at 1pm CET
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Philip Ludwig Investor Relations
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Vincent Hiligsmann Business Innovations
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Major Automotive Trends
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production vs. Powertrain Type
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production ☞ Internal Combustion Engine (ICE)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production ☞ Electric Motor
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production vs. Segment
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production vs. Level of Driving Automation
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EV powertrain ▪ AC phase current monitoring ▪ Rotor position sensing ▪ Power module temperature monitoring ▪ Safety cover open/close detection ▪ Power transistors protection
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EV thermal management ▪ Pressure & temperature monitoring ▪ E-compressor current sensing ▪ Fast charge current monitoring ▪ Valve positioning & controlling ▪ Pump controlling ▪ Refrigerant pressure sensing
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EV battery ▪ AC & DC current monitoring ▪ Pack & cell level pressure monitoring ▪ Contactless temperature monitoring ▪ Hydrogen sensing for early thermal runaway detection ▪ Cell-level impedance monitoring for State-of-Charge
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E-braking & E-steering ▪ Steering angle position & torque sensing ▪ Pedal position sensing ▪ Rotor positioning ▪ Park lock motor positioning & controlling ▪ Caliper position & force sensing
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Lighting ▪ Interior ambient lighting ▪ Animated lighting ▪ Logo & grille illumination ▪ Daytime running light ▪ Rear lighting
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Serviceable Addressable Market (SAM) — Automotive Growth Drivers
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 5 year CAGR 11% 5 year CAGR 4% 5 year CAGR 7% 2025 Melexis Growth Drivers Other 2030 Capital Markets Day 2025 Serviceable Addressable Market (SAM) — Automotive
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Journey from idea to revenue
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Chassis - Body - Safety Powertrain Traction inverter Battery monitoring system (BMS) DCDC converter Thermal management Onboard charger (OBC) Accelerator / brake / clutch position Brake fluid level detection Transmission Clutch switch Gear shift Engine cooling fan Water pump Water valves Grille shutter Exhaust gas recirculation (EGR) Valve exhaust gas pressure Throttle Crankshaft position Manifold absolute pressure sensor Fuel pump Fuel level ADAS / Dashboard GPU cooling Washing liquid level detection Wiper Rain-light sensor Hood lock switch LED headlight ventilation fan LED and laser headlight control Tire pressure monitoring system (TPMS) Smart tire sensor Ride height Electrical power steering (EPS) Brake light switch Turn signals / stalk-end position Electric parking brake Flap position detection Climate control / HVAC Seat heating and ventilation Seat belt buckle Seat position adjuster Seat lumbar pressure Keyless entry Door lock switch Door handle wake up switch Side mirror adjuster Window lift Sunroof In-vehicle networking Interior ambient lighting Interior animated lighting Puddle lights Stop lights Rear lights T ailgate/trunk motor opener Trunk lock switch Melexis chips in every new car
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Chassis - Body - Safety Powertrain Traction inverter Battery monitoring system (BMS) DCDC converter Thermal management Onboard charger (OBC) Accelerator / brake / clutch position Brake fluid level detection Transmission Clutch switch Gear shift Engine cooling fan Water pump Water valves Grille shutter Exhaust gas recirculation (EGR) Valve exhaust gas pressure Throttle Crankshaft position Manifold absolute pressure sensor Fuel pump Fuel level ADAS / Dashboard GPU cooling Washing liquid level detection Wiper Rain-light sensor Hood lock switch LED headlight ventilation fan LED and laser headlight control Tire pressure monitoring system (TPMS) Smart tire sensor Ride height Electrical power steering (EPS) Brake light switch Turn signals / stalk-end position Electric parking brake Flap position detection Climate control / HVAC Seat heating and ventilation Seat belt buckle Seat position adjuster Seat lumbar pressure Keyless entry Door lock switch Door handle wake up switch Side mirror adjuster Window lift Sunroof In-vehicle networking Interior ambient lighting Interior animated lighting Puddle lights Stop lights Rear lights T ailgate/trunk motor opener Trunk lock switch Melexis chips in every new car At least 50% more content in the new EV platforms vs conventional ICE platforms Closer to 100% additional content in Hybrid vehicles
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. European mHEV HVAC system (x2) Dashboard GPU fan (x3) Cooling chiller (x3) Expansion valves (x2) Oil shut-off valve (x1) Seat position (x2) Seat belt buckle (x5) Window lifter controller (x4) Window lifter latch (x8) Door handler (x1) Keyless entry (x1) Interior ambient lighting (x 20-100) Panorama sunshade switch (x1) Rain light sensor (x1) ADAS/ICAS GPU fan (x1) Automatic transmission (x3) Acceleration pedal (x2) Electric Steering (x1) Airbag off switch (x1) HMI knob (x1) Grille illumination (x4) OBC cooling fan (x1 ) Active Grille shutter (x3) Chassis - Body - Safety (# 65-145 ICs) Powertrain (# 15 ICs) 48V EV inverter (x6) Wastegate valve (x1) Variable Turbine Geometry (x1) Power liftgate (x1)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. USA EV Chassis - Body - Safety (# 48 ICs) Powertrain (# 4 ICs) EV inverter (x4) Disconnect actuator (x2) Interior lighting (x20) Signal aggregator LIN interface (x2) Seat (track) motor (x4) Seat belt buckle (x5) Electronic transmission shifter (x1) Park lock actuator (x1) Window lifter controller (x4) Window lifter latch (x8) Power liftgate (x1)
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11:00am Welcome and agenda Philip Ludwig 11:05am The next wave of Melexis growth Marc Biron 11:25am Innovation Machine Vincent Hiligsmann 11:55am Deep dive Robotics Julien Ghaye 12:10pm Q&A 12:30pm Lunch 01:00pm Automotive Growth Drivers Vincent Hiligsmann 01:30pm Deep dive China Vincent Hiligsmann 01:45pm Financial overview Karen van Griensven 02:00pm Key takeaways Marc Biron 02:10pm Q&A 02:30pm Facility tour & product demonstrations Agenda
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production vs. Manufacturing Region/Country
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production vs. Manufacturing Region/Country
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production vs. OEM Country-of-Origin
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Global Vehicle Production vs. OEM Country-of-Origin
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Powertrain Type ☞ China vs. Global
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Segment ☞ China vs. Global
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Level of Driving Automation ☞ China vs. Global
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Automotive China ● Electrification✅ ● Premiumization✅ ● ADAS ✅ ● Leadership ● Dynamic market ☞ high speed
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Automotive China We play & win in China
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Chinese EV Chassis - Body - Safety (# 30-31 ICs) Powertrain (# 16-17 ICs) EV inverter rear (x6) Expansion valve (x 2-3) Steering angle (x2) Brake position (x2-3) Seat ventilation fan (x8) Seat motor (x8) HVAC flap actuator (x6) Charging flap (x1) Battery pressure sensor (x1) Battery current sensor (x1) EV inverter front (x6) Electrical oil pump (x1) Power liftgate (x2)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Automotive China How do we continue to play ? How do we continue to win ?
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Automotive China ● Continuous product innovation ● Quality track record ● Local team ☞ strengthen our technical & commercial field presence ● Product customization ● Product localization "China for China" ○ Local Supply Chain ■ Wafer (12" - 90nm) ■ Package ■ Logistics ○ Outsource T est at Assembly House Competitiveness
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital Markets Day 2025 Automotive China ● Continuous product innovation ● Quality track record ● Local team ☞ strengthen our technical & commercial field presence ● Product customization ● Product localization "China for China" ○ Local Supply Chain ■ Wafer ■ Package ■ Logistics ○ Outsource T est at Assembly House Competitiveness at the speed of China
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Antifragility Antifragility is the property of systems that get stronger when exposed to stressors, such as volatility, randomness, and disorder. Gain/benefit Loss/cost Stress/change Antifragile Innovate Adapt Resilient Robust Resist Fragile Break Our nature (Darwinian): adapt and survive/thrive One of our values: We always have a plan Source:Bilgin Ibryam (Red Hat Developer), illustration inspired by the antifragility concept of Nassim T aleb
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Karen van Griensven CFO
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Financial overview Antifragility through a financial prism Commercial diversification Profitability Balance sheet
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Significant commercial diversification Across channels, geographies and product portfolio Sales channels Direct 62% Distributors38% Ship to APAC ex Greater China33% China 29% EMEA 29% NALA 8% Customer base T op 10 = 43% Over 200 customers (small enough to care) Product portfolio Sensors 77% 8 Product lines Drivers 23% 3 Product lines
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Gross margin improvement trajectory Multiple initiatives in implementation long term average 44% 2025 consensus supply chain optimization product mix & innovation operating leverage target 45% Product mix & innovation ● Grow faster with better product mix ● Innovations capture more value Operating leverage ● Efficient operations & optimize utilization rates Supply chain optimization ● Specialize at existing sites ● Ensure optimal external supply chain ● Localize close to customers
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. EBIT margin improvement trajectory Ensure innovation funding and control SG&A 2025 consensus target 25% gross margin improvements operating expense efficiencies long term average 24% Operating expense efficiencies ● Consistent R&D spend of ~12-14% of sales through the cycle ● SG&A below sales growth and leverage gross margin uplift Gross margin improvements ● Supply chain optimization ● Product mix & innovation ● Operating leverage
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Maintain strong balance sheet FCF provides strength and flexibility R&D fully expensed Increasing Free Cash Flow generation Low and decreasing leverage
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Capital allocation priorities Active allocation to drive innovation and shareholder returns Invest to drive organic growth R&D (Opex) Capex ~12-14% ~5-7% (% of sales) Maintain solid balance sheet Dividend Share buyback
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved.Source: Bloomberg Consistently high return on equity outperforms peers Virtuous cycle of profitable growth, reinvestment and shareholder returns Melexis TI NXP Elmos Onsemi STMicro Infineon Microchip ADI Allegro
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Sales high single digit CAGR Melexis target operating model Balancing innovation-led top line and profit growth through the cycle Key assumptions ● Outperform where we play (SAM: 7% automotive, higher in multi-markets) ● Volume assumptions: automotive production stable, unit growth in multi-markets, overall content growth (value of chips per unit), high multipliers in multi-markets ● Focus on Melexis growth drivers in multiple markets ● Higher ASPs through increasing system solutions Gross margin 45% EBIT margin 25%
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Antifragility Antifragility is the property of systems that get stronger when exposed to stressors, such as volatility, randomness, and disorder. Gain/benefit Loss/cost Stress/change Antifragile Innovate Adapt Resilient Robust Resist Fragile Break Our nature (Darwinian): adapt and survive/thrive One of our values: We always have a plan Source:Bilgin Ibryam (Red Hat Developer), illustration inspired by the antifragility concept of Nassim T aleb
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Marc Biron CEO
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We innovate with heart for the good of the people and the planet T o be leading in sensors and drivers in an electrified and robotized world We develop a portfolio of products, services & solutions to enable our customers’ success Fabless modelCustomer intimacy Pursue rapid innovation & win in high-growth markets Future-proof talent & diverse, high-performing teams Serving our customers with world class operations Sustainable & Adaptable by Design and Driven by our Values WHY HOW WHERE WHAT OUR DNA EARNINGS Automotive T echnology leadership System Solutions Robotics Digital Health Sustainable World Alternative Mobility
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T o be leading in sensors and drivers in an electrified and robotized world We develop a portfolio of products, services & solutions to enable our customers’ success Fabless modelCustomer intimacy Pursue rapid innovation & win in high-growth markets Future-proof talent & diverse, high-performing teams Serving our customers with world class operations Sustainable & Adaptable by Design and Driven by our Values WHY HOW WHERE WHAT OUR DNA EARNINGS Automotive T echnology leadership System Solutions Robotics Digital Health Sustainable World Alternative Mobility We innovate with heart for the good of the people and the planet
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T o be leading in sensors and drivers in an electrified and robotized world We develop a portfolio of products, services & solutions to enable our customers’ success Fabless modelCustomer intimacy Pursue rapid innovation & win in high-growth markets Future-proof talent & diverse, high-performing teams Serving our customers with world class operations Sustainable & Adaptable by Design and Driven by our Values WHY HOW WHERE WHAT OUR DNA EARNINGS Automotive T echnology leadership Robotics Digital Health Sustainable World Alternative Mobility System Solutions We innovate with heart for the good of the people and the planet
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T o be leading in sensors and drivers in an electrified and robotized world We develop a portfolio of products, services & solutions to enable our customers’ success Fabless modelCustomer intimacy Future-proof talent & diverse, high-performing teams Serving our customers with world class operations Sustainable & Adaptable by Design and Driven by our Values WHY HOW WHERE WHAT OUR DNA EARNINGS Automotive T echnology leadership Robotics Digital Health Sustainable World Alternative Mobility System Solutions Pursue rapid innovation & win in high-growth markets We innovate with heart for the good of the people and the planet
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T o be leading in sensors and drivers in an electrified and robotized world We develop a portfolio of products, services & solutions to enable our customers’ success Fabless modelCustomer intimacy Future-proof talent & diverse, high-performing teams Sustainable & Adaptable by Design and Driven by our Values WHY HOW WHERE WHAT OUR DNA EARNINGS Automotive T echnology leadership Robotics Digital Health Sustainable World Alternative Mobility System Solutions Pursue rapid innovation & win in high-growth markets Serving our customers with world class operations We innovate with heart for the good of the people and the planet
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T o be leading in sensors and drivers in an electrified and robotized world We develop a portfolio of products, services & solutions to enable our customers’ success Fabless modelCustomer intimacy Sustainable & Adaptable by Design and Driven by our Values WHY HOW WHERE WHAT OUR DNA EARNINGS Automotive T echnology leadership Robotics Digital Health Sustainable World Alternative Mobility System Solutions Pursue rapid innovation & win in high-growth markets Serving our customers with world class operations Future-proof talent & diverse, high-performing teams We innovate with heart for the good of the people and the planet
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Leading in sensors and drivers in an electrified and robotized world WHY HOW WHERE WHAT OUR DNA EARNINGS We innovate with heart for the good of people and planet We develop a portfolio of products, services & solutions to enable our customers’ success Automotive T echnology leadership Fabless model System Solutions Customer intimacy Pursue rapid innovation & win in high-growth markets Future-proof talent & diverse, high-performing teams Serving our customers with world class operations High single digit sales CAGR, 45% Gross margin & 25% EBIT margin Sustainable & Adaptable by Design and Driven by our Values Digital Health Sustainable World Alternative MobilityRobotics
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 2010 - 2023 ASSPs >50% Triaxis Expanding portfolio Europe, Asia, US 2023 - ASSPs 80% Modules & systems High multiplier Beyond automotive Asia, Europe, US 1995 - 2010 Founding ASIC sensors and drivers Automotive Electronic engineers Western Europe Capital Markets Day 2025 The next wave of growth is underway
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THANK YOU
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Q&A
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THANK YOU
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11:00am Welcome and agenda Philip Ludwig 11:05am The next wave of Melexis growth Marc Biron 11:25am Innovation Machine Vincent Hiligsmann 11:55am Deep dive Robotics Julien Ghaye 12:10pm Q&A 12:30pm Lunch 01:00pm Automotive Growth Drivers Vincent Hiligsmann 01:30pm Deep dive China Vincent Hiligsmann 01:45pm Financial overview Karen van Griensven 02:00pm Key takeaways Marc Biron 02:10pm Q&A 02:30pm Facility tour & product demonstrations Agenda