Slides
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Q3 2025 Results
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. What do we do? Melexis engineers microelectronic solutions. Our technology makes cars and other products smarter, safer and greener. Our sensors capture data from the analog world and comprehend these data digitally. Our drivers make sure customers can bring their products to life.
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Define 1 Design 2 Layout 3 Foundry 4 T est (probing)5 Assembly6 T est (final)7 Chips are everywhere8 External External From idea to product
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. AUTOMOTIVE ROBOTICS DIGITAL HEALTH ALTERNATIVE MOBILITY SUSTAINABLE WORLD Markets
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Melexis ranks 4th worldwide in automotive sensors Source: TechInsights (April 2025)
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Melexis. The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Growth trajectory Melexis target 2024-2030 ≥10 %CAGR AUTOMOTIVE SALES* *ASSUMPTION: 0% GROWTH FOR THE GLOBAL VEHICLE PRODUCTION GROWTH DRIVERS ￭ EV powertrain ￭ EV thermal management ￭ EV battery ￭ E-braking & E-steering ￭ Lighting ￭ Alternative mobility ￭ Sustainable world ￭ Robotics ￭ Digital health≥15 %CAGR BEYOND AUTOMOTIVE SALES ≥45% GROSS PROFIT MARGIN ≥25% EBIT MARGIN
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. continents3 locations20 Sales & Applications Belgium – Ieper, Tessenderlo Greater China – Shanghai, Shenzhen, Taipei France – Sophia Antipolis, Paris Germany – Erfurt, Dresden Japan – Yokohama South Korea – Seoul Switzerland – Bevaix United States – Novi United States – San Jose Manufacturing Belgium – Ieper Bulgaria – Sofia France – Corbeil-Essonnes Germany – Erfurt Malaysia – Kuching Research & Development Belgium – Ieper, Tessenderlo Bulgaria – Sofia France – Sophia Antipolis, Paris Germany – Erfurt, Dresden, Düsseldorf Malaysia – Kuching Philippines – Manila Switzerland – Bevaix Ukraine – Kyiv
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. ● EV powertrain ● Thermal management ● Battery ● Interior and exterior lighting ● Motors (seat, window, HVAC, grille shutter) Electrification Premiumization ADAS ● E-braking and E- steering ● Dynamic lighting ● Time-of flight ● TPMS Melexis has a well diversified portfolio, limiting its dependency on the type of powertrain. Major automotive trends
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Serviceable addressable market (in EUR)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Serviceable addressable market (in EUR)
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EV POWERTRAIN In electric vehicles, the inverter converts DC power from the battery to AC power for the motor drive, which in turn transforms it into propulsion power. The efficiency of this system has a direct impact on the all-electric range, road performance and comfort. 2023 2028 Serviceable Addressable Market x2.3 x1 x20 17.8% 5 to 22 ICs ￭ AC phase current monitoring ￭ Rotor position sensing ￭ Power module temperature monitoring ￭ Safety cover open/close detection ￭ Power module signal filtering (snubber) Efficiency matters
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EV THERMAL MANAGEMENT 2023 2028 x2.1 x1 x20 15.7% 10 to 21 ICs In order to optimize energy while increasing the All Electric Range, a perfect thermal management system is key. Ideal performance of the battery requires a temperature between 20-40℃. Without the free heat of a classical ICE, the energy for heating & cooling the cabin needs to be optimized. ￭ Pressure monitoring ￭ T emperature monitoring ￭ Current consumption monitoring ￭ E-compressor current sensing ￭ Fast charge current monitoring ￭ Valve & pump positioning & controlling ￭ Refrigerant pressure sensing (Triphibian) Serviceable Addressable Market Optimizing energy consumption
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EV BATTERY 2023 2028 Serviceable Addressable Market x2 x1 x20 14.8% 4 to 18 ICs The high voltage battery stores electrical energy which powers the electric motor. It determines the range the vehicle can travel on a single charge. Its optimization is a game changer. Battery management systems ensure the safety and the longevity of the battery. ￭ Current monitoring ￭ Pressure monitoring ￭ T emperature monitoring ￭ Impedance sensing ￭ Thermal runaway detection Extending battery range, life and safety
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E-BRAKING & E-STEERING 8 to 13 ICs In the world of automotive innovation, sensor ICs act as the silent heroes, enabling precise control, responsiveness, reliability and safety. These technical marvels drive us on the journey from pumps & vacuum (mechanical) to the X-by-wire revolution (electronic). ￭ E-steering wheel angle position & torque sensing ￭ E-steering rack position sensing ￭ E-brake pedal position sensing ￭ E-brake caliper position & force sensing ￭ Rotor positioning for electric motors ￭ Park lock motor positioning & controlling ￭ Fluid level sensing 2023 2028 x4.1 x1 x20 32.4% x3 x4 Serviceable Addressable Market Higher safety level for (autonomous) cars
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INTERIOR & EXTERIOR LIGHTING 10 to 150 ICs Lighting is upgrading the interior and exterior of our cars. It brings comfort, safety and functionality. Lighting is the new differentiator for OEMs as well as for brand recognition. ￭ Interior ambient lighting ￭ Animated lighting ￭ Logo & grille illumination ￭ Daytime running light ￭ Rear lighting Serviceable Addressable Market x2.92028 x1 x20 23.4%2023 Functionality, personalization and premiumization
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. ● Joints ○ Position sensors ○ Compact Motor drivers ○ T orque sensors ● Battery management ○ Thermal sensing ○ Current sensing ● Power train (2-, 3-, 4-wheels) ○ Motor drivers ● End effectors ○ Force sensors ○ Thermal sensors ● Environment sensing ○ Thermal sensors ● Complex embedded SW (Edge AI) Robotics require many sensors and drivers
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. End-to-end China Strategy 端到端的中国战略 ￭ Local outsourced semiconductor assembly and test (OSAT) partner 外包半导体封装测试合作伙伴 ￭ Chinese semiconductor wafer fabrication partner 中国晶圆制造合作伙伴 ￭ Locally embedded logistics hub 本地物流中心
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Melexis is at the forefront of innovation
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Evolution Financials 2001-2025 Turnover Q3 2025: 215.3 mln EUR 9M 2025: 625.1 mln EUR Gross result Q3 2025: 83.4 mln EUR (38.8%) 9M 2025: 241.7 mln EUR (38.7%) Operating result Q3 2025: 37.8 mln EUR (17.6%) 9M 2025: 102.5 mln EUR (16.4%)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Outlook Melexis expects sales in the fourth quarter of 2025 to be in the range of 215 to 220 million EUR. For the full year 2025, Melexis expects sales to be in the range of 840 to 845 million EUR, with a gross profit margin around 39% and an operating margin around 16%, all taking into account a EUR/USD exchange rate of 1.17 for the remainder of the year. For the full year 2025, Melexis expects CAPEX to be around 35 million EUR (previously around 40 million EUR). Q3 2025 results at a glance Sales 215.3 mln EUR -13% Y-o-Y Gross margin 38.8% 83.4 mln EUR -23% Y-o-Y Operating result 17.6% 37.8 mln EUR -41% Y-o-Y Net result 0.68 EPS 27.5 mln EUR -46% Y-o-Y Operating cash flow (before working capital changes) 51.5 mln EUR -33% Y-o-Y Net debt 244.6 mln EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Profit & loss Q3 2025 versus Q3 2024 versus Q2 2025 P&L account (in million EUR) Q3 2025 % of Sales Q3 2024 % of Sales Q2 2025 % of Sales Sales Cost of goods sold 215.3 -131.9 100.0% -61.2% 247.9 -139.6 100.0% -56.3% 211.6 -129.0 100.0% -61.0% Gross margin R&D G&A Selling 83.4 -27.5 -13.1 -4.9 38.8% -12.8% -6.1% -2.3% 108.2 -26.6 -12.7 -4.8 43.7% -10.7% -5.1% -1.9% 82.6 -28.8 -13.3 -4.8 39.0% -13.6% -6.3% -2.3% EBIT Net financial result Income taxes 37.8 -3.0 -7.3 17.6% -1.4% -3.4% 64.2 -1.7 -11.3 25.9% -0.7% -4.6% 35.7 8.4 -6.2 16.8% 4.0% -2.9% Net profit 27.5 12.8% 51.2 20.6% 37.8 17.9% Earnings per share 0.68 1.27 0.94
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Outlook Melexis expects sales in the fourth quarter of 2025 to be in the range of 215 to 220 million EUR. For the full year 2025, Melexis expects sales to be in the range of 840 to 845 million EUR, with a gross profit margin around 39% and an operating margin around 16%, all taking into account a EUR/USD exchange rate of 1.17 for the remainder of the year. For the full year 2025, Melexis expects CAPEX to be around 35 million EUR (previously around 40 million EUR). 9M 2025 results at a glance Sales 625.1 mln EUR -15% Y-o-Y Gross margin 38.7% 241.7 mln EUR -25% Y-o-Y Operating result 16.4% 102.5 mln EUR -47% Y-o-Y Net result 2.23 EPS 89.9 mln EUR -41% Y-o-Y Operating cash flow (before working capital changes) 153.0 mln EUR -33% Y-o-Y Net debt 244.6 mln EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Profit & loss 9M 2025 versus 9M 2024 P&L account (in million EUR) 9M 2025 % of Sales 9M 2024 % of Sales Sales Cost of goods sold 625.1 -383.4 100.0% -61.3% 735.4 -411.6 100.0% -56.0% Gross margin R&D G&A Selling 241.7 -84.8 -39.9 -14.5 38.7% -13.6% -6.4% -2.3% 323.8 -80.0 -37.2 -14.3 44.0% -10.9% -5.1% -1.9% EBIT Net financial result Income taxes 102.5 4.9 -17.4 16.4% 0.8% -2.8% 192.3 -6.5 -32.7 26.1% -0.9% -4.4% Net profit 89.9 14.4% 153.2 20.8% Earnings per share 2.23 3.79
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Balance Sheet Q3 2025 versus Q3 2024 versus Q2 2025 Balance Sheet (in million EUR) Q3 2025 Q3 2024 Q2 2025 T otal assets 921.6 897.1 928.1 Current assets Cash Inventory A/R Trade 33.3 299.1 106.8 34.5 252.4 129.8 33.9 281.2 104.8 Non-current assets 346.0 422.6 371.2 Shareholders' equity 534.7 604.9 508.3 Interest bearing debt Long term Short term 277.9 265.8 12.2 187.6 187.6 0.0 314.0 308.7 5.3
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Free cash flow of 37 mln EUR Repaid 36 mln EUR of debt Q3 2025 cash flow Mln. EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Free cash flow of 58 mln EUR Dividend paid of 96 mln EUR 9M 2025 cash flow Mln. EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Cash return to shareholders Yield based on average share price ￭ Solid dividend yield and long track record ￭ Share buy-back program for up to 850 thousand shares for an amount of up to EUR 50 million initiated in December 2024
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Shareholder structure and shareholder return
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. INDUSTRY FIRST 1996 Programmable linear Hall sensor 2001 LIN system basis chip 2004 Single chip smart LIN 2005 Triaxis® magnetic sensor 2007 Integrated infrared thermometer (FIR) 2010 Single chip sensor- less BLDC motor drive solution 2011 • Fully integrated passive entry automotive qualified NFC • 3D camera sensor 2012 • Single chip LIN RGB driver • SENT pressure sensor • 16x4 infrared array 2013 • Programmable Hall sensor for high performance current sensing • End-of-line programmable Hall latches 2014 • WPC & NFC automotive solution • Programmable 2- wire Hall sensor with integrated capacitor • Triaxis® micropower magnetometer for automotive • Time-of-flight 3D camera IC 2015 Thermocouple Interface with on-board diagnostic featuring SENT 2016 • Smallest Tire Pressure Monitoring Sensor (TPMS) IC • Far Infrared Thermal (IR) sensor array 2017 • Time-of-flight chipset • Dual die L&S sensor 2018 • ASIL ready Triaxis® Position sensor IC • Hall-effect current sensors 2019 • Automotive grade single-chip VGA time-of-flight sensor • Miniature medical grade infrared temperature sensor 2020 Multi-channel RGB-LED driver enabling high-speed light animations (MeLiBu®) 2022 • T actaxisTM gives robot a sense of touch • Revolutionary floating switch • Pico-resolver • Most accurate automotive pressure sensor IC ever made • Dual quadrature outputs L&S • Triaxis® PCB-less dual stack dies 2021 Synthetize inductive resolver 2023 • First contactless temperature to be integrated in a smartwatch. • Accurate Hall-Effect DC current sensor IC 2024 • Triphibian MEMS pressure sensor for gas and liquid media from 2 to 70 bar • Induxis® inductive switch with integrated coils 2025 • Automotive driver supporting up to 500 RGB LEDs (MeLiBu®) allowing more differentiated offerings
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Philip Ludwig Investor Relations investor@melexis.com Melexis Investor Relations