Slides
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Full Year 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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From idea to solution 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. 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. Markets AUTOMOTIVE ROBOTICS DIGITAL HEALTH ALTERNATIVE MOBILITY SUSTAINABLE WORLD
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Automotive
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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. ● EV powertrain ● Thermal management ● Battery ● Power management ● Interior and exterior lighting ● Motors (seat, window, HVAC, grille shutter) Electrification Premiumization ADAS ● E-braking and E- steering ● Dynamic lighting ● 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. Melexis ranks 4th worldwide in automotive sensors Source: TechInsights (April 2025)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. 400+ patents Average of 40 patent families per year 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 T echnology leadership 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 Melexis: Automotive Service Addressable Market Growth Drivers outperform with 11% revenue CAGR
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EV powertrain ▪ AC phase current monitoring ▪ Rotor position sensing ▪ Power module temperature monitoring ▪ Safety cover open/close detection ▪ Boosting power module performance
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EV thermal management ▪ Pressure & temperature monitoring ▪ E-compressor current sensing ▪ Fast charge current monitoring ▪ Valve & pump positioning & controlling ▪ Refrigerant pressure sensing
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EV battery ▪ AC & DC current monitoring ▪ Pack & cell level pressure monitoring ▪ Contactless temperature monitoring ▪ Hydrogen sensing ▪ Cell level voltage, temperature and impedance monitoring
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E-braking & E-steering ▪ Wheel angle position & torque sensing ▪ Pedal position sensing ▪ Caliper position & force sensing ▪ Rotor positioning ▪ Park lock motor positioning & controlling
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Lighting ▪ Interior ambient lighting ▪ Animated lighting ▪ Logo & grille illumination ▪ Daytime running light ▪ Rear lighting
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Robotics require many sensors and drivers ● 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) Industrial robot Service robot Service robotHumanoid robot
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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 Q4 2025: 214.5 mln EUR FY 2025: 839.6 mln EUR Gross result Q4 2025: 82.3 mln EUR (38.4%) FY 2025: 324.0 mln EUR (38.6%) Operating result Q4 2025: 31.5 mln EUR (14.7%) FY 2025: 134.0 mln EUR (16.0%)
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Outlook Melexis expects sales in the first quarter and first half of 2026 to be around the same levels as the previous year. Sales in the second half of 2026 are expected to grow compared to the first half of 2026. For the first half of 2026, Melexis expects a gross profit margin around 40% and an operating margin around 17%, all taking into account a EUR/USD exchange rate of 1.17. For the full year 2026, Melexis expects CAPEX to be around 40 million EUR. Q4 2025 results at a glance Sales 214.5 mln EUR +9% Y-o-Y Gross margin 38.4% 82.3 mln EUR +6% Y-o-Y Operating result 14.7% 31.5 mln EUR +14% Y-o-Y Net result 0.56 EPS 22.6 mln EUR +24% Y-o-Y Operating cash flow (before working capital changes) 44.7 mln EUR +32% Y-o-Y Net debt 279.7 mln EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Profit & loss Q4 2025 versus Q4 2024 versus Q3 2025 P&L account (in million EUR) Q4 2025 % of Sales Q4 2024 % of Sales Q3 2025 % of Sales Sales Cost of goods sold 214.5 -132.2 100.0% -61.6% 197.4 -119.8 100.0% -60.7% 215.3 -131.9 100.0% -61.2% Gross margin R&D G&A Selling 82.3 -31.1 -14.4 -5.3 38.4% -14.5% -6.7% -2.5% 77.6 -30.2 -14.2 -5.6 39.3% -15.3% -7.2% -2.8% 83.4 -27.5 -13.1 -4.9 38.8% -12.8% -6.1% -2.3% EBIT Net financial result Income taxes 31.5 -3.0 -5.9 14.7% -1.4% -2.8% 27.6 -8.1 -1.2 14.0% -4.1% -0.6% 37.8 -3.0 -7.3 17.6% -1.4% -3.4% Net profit 22.6 10.5% 18.3 9.3% 27.5 12.8% Earnings per share 0.56 0.45 0.68
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Outlook Melexis expects sales in the first quarter and first half of 2026 to be around the same levels as the previous year. Sales in the second half of 2026 are expected to grow compared to the first half of 2026. For the first half of 2026, Melexis expects a gross profit margin around 40% and an operating margin around 17%, all taking into account a EUR/USD exchange rate of 1.17. For the full year 2026, Melexis expects CAPEX to be around 40 million EUR. FY 2025 results at a glance Sales 839.6 mln EUR -10% Y-o-Y Gross margin 38.6% 324.0 mln EUR -19% Y-o-Y Operating result 16.0% 134.0 mln EUR -39% Y-o-Y Net result 2.78 EPS 112.5 mln EUR -34% Y-o-Y Operating cash flow (before working capital changes) 197.8 mln EUR -25% Y-o-Y Net debt 279.7 mln EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Profit & loss FY 2025 versus FY 2024 P&L account (in million EUR) FY 2025 % of Sales FY 2024 % of Sales Sales Cost of goods sold 839.6 -515.6 100.0% -61.4% 932.8 -531.5 100.0% -57.0% Gross margin R&D G&A Selling 324.0 -115.9 -54.3 -19.8 38.6% -13.8% -6.5% -2.4% 401.4 -110.3 -51.4 -19.8 43.0% -11.8% -5.5% -2.1% EBIT Net financial result Income taxes 134.0 1.9 -23.4 16.0% 0.2% -2.8% 219.9 -14.6 -33.9 23.6% -1.6% -3.6% Net profit 112.5 13.4% 171.4 18.4% Earnings per share 2.78 4.24
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Balance Sheet Q4 2025 versus Q4 2024 versus Q3 2025 Balance Sheet (in million EUR) Q4 2025 Q4 2024 Q3 2025 T otal assets 903.3 894.3 921.6 Current assets Cash Inventory A/R Trade 34.6 300.3 107.9 32.7 262.8 102.2 33.3 299.1 106.8 Non-current assets 323.9 421.7 346.0 Shareholders' equity 484.5 567.5 534.7 Interest bearing debt Long term Short term 314.3 301.3 13.0 213.3 207.5 5.8 277.9 265.8 12.2
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Free cash flow of 39 mln EUR Dividend paid of 52 mln EUR Q4 2025 cash flow Mln. EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Free cash flow of 97 mln EUR Dividend paid of 148 mln EUR FY 2025 cash flow Mln. EUR
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The content of this presentation is CONFIDENTIAL & PROPRIETARY. ALL Rights Reserved. Sales high single digit CAGR Melexis target operating model Outperform our markets through innovation 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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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 renewed in December 2025
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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