Page 1

First Quarter Report 2021 amu OSRAM Key figures Q1 2021 Q1 2020 Q4 2020 USD millions ( except earnings per share ) Revenues 1 ) 1,549 549 1,706 Gross margin in % 35 % 39 % 35 % ( adjusted - see footnote 2 ) Result from operations 172 111 285 ( adjusted - see footnote 2 ) EBIT margin in % 11 % 20 % 17 % ( adjusted - see footnote 2 ) Net result 89 28 183 ( adjusted - see footnote 2 ) Basic / diluted earnings per share in CHF 3 ) 0.34 / 0.34 0.29 / 0.40 0.55 / 0.43 ( adjusted - see footnote 2 ) Basic / diluted earnings per share in USD ( adjusted - see footnote 2 ) Net debt 0.38 / 0.38 0.33 / 0.46 0.62 / 0.48 2,023 2,062 1,701 1 ) Including revenues from discontinued operations 2 ) Excluding M & A - related , transformation and share - based compensation costs and results from sale of business units and equity investments 3 ) Earnings per share in CHF were converted using the average currency exchange rate for the respective periods