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Investor Presentation Q2 2026 August 2026
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Elmos at a Glance: Enabling Intelligent Mobility Around the Globe 10 Elmos ICs on average in every new car globally Corporate Profile Sales Breakdown FY 2025 Financial Highlights FY 2025 mega trends driving IC-content per vehicle electrification & efficiency, comfort & premium, safety, ADAS & autonomous driving, SDVs 5 product segments with global #1 or #2 positions Ranging, Sensing, Motor Control, Lighting, SDV & Safety 5 locations worldwide in 10 countries HQ in Leverkusen, Germany main site in Dortmund, Germany 20 years experience as high-tech leader in analog mixed signal IC-solutions>40 employees as one team thereof ~500 in R&D>1,100 Automotive leader Sales by industry Balanced portfolio Sales by segment 94% Automotive 6% Non-automotive 22% 10% SDV & Safety 34% Ranging Motor Control 20% Lighting 14% Sensing 61% 5% Rest of world 29% EU Asia/Pacific 5% America 76%ASSP 24% ASIC Global presence: Sales by region Scalable platforms ASSP vs. ASIC million Euro group sales showcasing record performance583 EBIT margin showcasing cost efficiency21.8% CAPEX ratio showcasing capital discipline Adjusted free cashflow margin showcasing cash strength Euro market capitalization as of May 11, 2026 5.8% 11.4% 3.4bn Note: IC = Integrated Circuit | SDV = Software Defined Vehicle | ASSP = Application-Specific Standard Product | ASIC = Application-Specific Integrated Circuit | FY = Financial Year 2
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Elmos’ Application Fields – Enabling Intelligent Electronics LED Rear & Ambient Lighting Smart Sensing & Battery Management Motor Control & Thermal Management Software-defined Vehicles Ultrasonic Ranging Safety Systems Elmos is a pioneer for innovative IC solutions and the world market leader for various automotive applications 3
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4 Wafer TestWafer Processing Final Test (Backend)Assembly Tape and Reel In advanced discussions with additional external partners Partnerships with Leading Semiconductor Ecosystem Players Fabless Model Delivers Capital-Light, Scalable Capacity (1) Chip Design, Innovation and Customer Focus Fabless strategy powered by in-house focus on core value-driving capabilities 1 Process established – in finalization
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Elmos Leads Markets with Deep Know-how and Disciplined Focus 5 ICs for Ultrasonic Parking & 360° Ranging #1 Motor Control ICs for Smart HVAC Actuators #1 ICs for RGB Interior Lighting #2 ICs for LED Rear Lighting #1 Pressure Sensing ICs for Brake Systems #1 Source: Estimated market positions 2025 Elmos holds global #1 or #2 positions in its core automotive IC segments
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Megatrends Converge to Define the Standard Modern Car 6 What the Modern Car Looks Like ▪ Autonomous and safe: Intelligent assistance systems enhancing safety and driving confidence ▪ Electrified: Electric powertrains delivering higher efficiency and lower emissions ▪ Comfortable & Intuitive: Smart comfort features and user-centric vehicle interfaces ▪ Connected & Software Defined: Always connected, upgradeable vehicles enabled by software Drivetrain Independent / PHEVToday‘s Premium ICE Vehicle Tomorrow‘s Premium BEV eFuse Control Battery Thermal Management Combustion Engine Sensors HVAC Motor Control LED Ambient Lighting eMotor Thermal Control Brake Pressure Sensing Grill Shutter Motor Control Aerodynamic Flap Control Battery P/T Sensing Interfaces / Transceivers Gateway Interfaces Air Vent Control USB Charging ECU/Module Power Supply Wiper Control Rain / Light Sensing Proximity Sensors Gasoline Pump Control Steer by Wire Sensor up to 70 Elmos ICs per ICE Car up to 200 Elmos ICs per BEV Car Front Light Leveling LED Rear Lighting Park Assistance Safety Warning Touchless Control Airbag Firing Control and many more…Brake by Wire Sensor Water Pump Control Smart Edge Gateway Board Net Encryption Smart Energy Management LED Grille Animation Dynamic Light Projection LED Mini Displays and many more…
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Market Growth: Elmos Profits from All Key Growth Drivers 65 135 2024 2030e CAGR 13% Source: McKinsey (01/2026), SPGM LVP Production Forecast (01/2026), SPGM LVP Propulsion Type (12/2025), SPGM EE & Semiconductor Market Tracker (10/2025) Automotive Semiconductor Market 2025 2030 Share of BEV & hybrids produced ~68%~42% Share of assisted and automated driving ~65%~46% Share of vehicles with mixed domain/ zonal architecture ~68%~35% Annual light vehicle production ~97m~91m Semiconductor Content Growth Drivers CAGR Growth Target 2030 ~12% Conservative Growth Target: Market-Aligned, with Upside Elmos Growth Target 2030 722 2024 2030e 1,383 CAGR 11% Semiconductor Content per Vehicle (in USD) Powerful megatrends are shaping the modern car and they are fueling the Elmos growth engine 7
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Elmos 1 Billion Euro Sales Targeted with a Balanced Multi-Segment Portfolio 8 (in % of total sales, figures are rounded) 14% 10% 34% Ranging 22% Motor Control 20% Lighting Sensing SDV & Safety 25% 20% 22% 18% 14% Ranging Motor Control Lighting Sensing SDV & Safety 583 million Euro ~1,000 million Euro Elmos Sales by Segment 2025 2030e Elmos maintains a well-balanced revenue mix across all core segments, ensuring diversified and resilient growth
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Majority of 1 Billion Euro 2030 Sales Target Already Secured 9 New business to be won by Design Wins 2027 and later Remaining Design Win Target 2026 Business revenue from Design Wins since 2021 Won follow-up business since 2021 and running business from 2020 and earlier 2026e 2027e 2028e 2029e 2030e ~50% ~25% ~10% ~15% > 1 billion EUR Note: YTD = Year to Date More than 3.3 billion Euro in new lifetime revenue provides strong visibility for growth trajectory towards 2030
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Elmos Technology: Proven in Automotive – Ready for Robotics 10 ▪ Joint actuation ▪ Hand & arm movement ▪ Locomotion & balance ▪ Human-robot interaction ▪ Touch & proximity ▪ Environment awareness ▪ Facial expression & status ▪ Body & accent lighting ▪ Human-machine communication ▪ Battery & power management ▪ Distributed joints & edge nodes ▪ Robust connectivity & safety ▪ Seat, mirror, window adjustment ▪ Pumps, fans, thermal mgmt ▪ Steering & chassis functions ▪ Occupant & interior sensing ▪ Touch & gesture interfaces ▪ Environment perception ▪ Interior & ambient lighting ▪ Dynamic exterior lighting ▪ HMI feedback & indication ▪ 48V power architectures ▪ Zonal E/E & edge control ▪ Power distribution & protection Motion & Actuation Sensing & Interaction Lighting & HMI Power & Communication From automotive to humanoid robotics — the same core technology, a new growth opportunity
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Beyond Automotive: Powering the Future of Humanoid Robotics Position Sensing Precise position detection for joints and fingers Force Sensing Force and touch sensing for delicate interaction Temperature Sensing Thermal monitoring for safe and reliable operation Safety & Connectivity Secure communication and functional safety for reliable system integration Smart Lighting Status indication and visual feedback Motion Control Ultra quiet and precise control of actuators and joints Ultrasonic Nearfield Perception Distance measurement, obstacle detection and material recognition Current & Voltage Monitoring Battery and power management and system diagnostics Leveraging Elmos’ proven automotive semiconductor expertise to enable the next generation of humanoid robots – one of tomorrow's most exciting growth markets
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12 Target Drivers Sales ▪ Design-win pipeline and structural higher IC content Gross Margin ▪ Fabless model and higher value products EBIT Margin ▪ Operating leverage from scale and cost control CAPEX Ratio1 ▪ Fabless model combined with operational excellence Adjusted Free Cash Flow Margin2 ▪ Strict investment and working capital discipline Nominal Tax Rate ▪ New Group structure and optimized global earnings composition Working Capital FY 2025a Results 583 million EUR 42.3% 21.8% 5.8% 11.4% ~24% 45.9% 2030 Target ~1 billion EUR ~45% ~25% ~6% ~17% ~21% <25% ▪ Inventory normalization post- allocation and faster cash conversion Financial TargetsOther Metrics FY 2026e Guidance +12% ± 2 pp 23% - 26% (operating)3 ~5% 19% ± 2 pp (operating)3 No Guidance 1Capital expenditures for intangible assets and property, plant and equipment less capitalized development expenses 2Cash flow from operating activities less capital expenditures for/plus disposal of intangible assets and property, plant and equipment 3Operating: Excluding effects resulting from the change to cash settlement of share-based incentive plans 2030 Financial Targets Reinforce Value Creation Path The acceleration in 2026 is just the start of an even more compelling growth story
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Sales and EBIT 13 ▪ Q2 2026 sales increased to 162.0 million Euro or +11.2% YoY with a gross margin of 44.0%. ▪ End of inventory adjustments in the automotive semiconductor industry leads to increasing customer orders. ▪ China remains a strong growth driver, product ramps in Japan and Korea and a slightly better demand across Europe and the Americas supported the sales development in the first half year 2026. 43.4% Q1 2025 41.2% Q2 2025 43.6% Q3 2025 41.4% Q4 2025 46.4% Q1 2026 126.9 145.7 140.8 169.3 152.5 Q2 2026 44.0% 162.0 +11.2% Quarterly Sales (in million Euro) & Gross Margin (in %) Quarterly Operating 1 EBIT (in million Euro) & Operating 1 EBIT Margin (in %) ▪ Operating1 EBIT improved significantly to 39.6 million Euro with an EBIT margin of 24.4% in Q2 2026. ▪ In addition to higher sales and the results of our cost optimization and efficiency programs on the one hand, earnings in the first half of the year were also influenced by rising costs for materials and supplier services on the other . 20.2% Q1 2025 20.6% Q2 2025 22.5% Q3 2025 23.4% Q4 2025 23.8% Q1 2026 25.6 30.1 31.7 39.7 36.2 Q2 2026 24.4% 39.6 +31.6% Reported EBIT 27.5m Euro 1Operating: Excluding effects resulting from the change to cash settlement of share-based incentive plans
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CAPEX and R&D Expenses 14 CAPEX 1 (in million Euro & in % of Sales) R&D Expenses (in million Euro & in % of Sales) ▪ Capital expenditures amounted to 6.1 million Euro or 3.8% of sales in Q2 2026 and continue to be on a low level. 10.6% Q1 2025 3.2% Q2 2025 4.2% Q3 2025 5.7% Q4 2025 1.8% Q1 2026 13.5 4.6 5.9 9.6 2.7 Q2 2026 3.8% 6.1 1Capital expenditures for intangible assets and property, plant and equipment less capitalized development expenses 13.9% Q1 2025 11.8% Q2 2025 10.1% Q3 2025 7.9% Q4 2025 13.5% Q1 2026 17.6 17.2 14.2 13.4 20.5 Q2 2026 12.0% 19.4 ▪ R&D expenses stood at 19.4 million Euro or 12.0% of sales in the second quarter 2026. ▪ We are expanding our global R&D capacities with a local R&D center in China as part of our China localization strategy and a new R&D location in the Czech Republic.
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Cash Flow 15 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 39.5 10.2 44.5 25.7 48.2 25.9 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 21.5 0.5 32.5 11.8 40.7 14.9 Adjusted 1 Cash Flow from Operating Activities (in million Euro) Operating 1 Adjusted Free Cash Flow 2 (in million Euro) ▪ Due to low CAPEX and the reduction in working capital operating adjusted free cash flow amounted to 14.9 million Euro or 9.2% of sales in Q2 2026. ▪ Q2 2026 adjusted1 cash flow from operations totaled 25.9 million Euro. ▪ The development vs. Q1 2026 was mainly due to higher trade receivables resulting in increasing working capital. 1Operating/Adjusted: Excluding effects resulting from the change to cash settlement of share-based incentive plans 2Cash flow from operating activities less capital expenditures for/plus disposal of intangible assets and property, plant and equipment Reported Adj. Free Cash Flow -6.2m Euro Reported Operating Cash Flow 4.8m Euro
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Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 -0.9 -18.4 15.5 20.0 48.9 Q2 2026 15.7 Working Capital and Net Cash/Debt 16 ▪ After the dividend payment in Q2 2026, the net cash position of Elmos decreased to 15.7 million Euro at the end of June 2026. ▪ Total payout to shareholders of 35.7 million Euroin the first half of 2026, consisting of a share buyback (-10.0 million Euro) and the dividend payment (-25.7 million Euro). Working Capital 1 (in million Euro, at the End of the Quarter) Net Cash/Debt (in million Euro, at the End of the Quarter) ▪ Working capital increased to 272.4 million Euro at the end of Q2 2026 mainly due to higher trade receivables. Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 237.8 234.6 255.5 267.7 261.8 Q2 2026 272.4 1 Trade accounts receivables plus inventories less trade accounts payables
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Automotive Market Market Forecast Light Vehicle Production in million units (IHS) 1 17 2017 2019 2024 2025e 2026e 95.2 89.0 89.6 93.1 91.1 +3.9% -2.1% 1S&P Global Mobility Light Vehicle Production Forecast (July 2026)
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Guidance FY 2026 18 Elmos FY 2026 Guidance (as of May 4, 2026) Sales growth: 12% ± 2 percentage points Operating EBIT margin: 23% - 26% of sales CAPEX1: around 5% of sales Operating adjusted free cash flow2: 19% ± 2 percentage points Ø exchange rate: 1.15 EUR/USD Notes to guidance 2026: Besides current business performance and the order situation, the guidance is also based on the expectations and assumptions regarding general economic development and specific industry and market development. Current expectations may be influenced in particular by geopolitical events, intensified sanctions and trade restrictions as well as economic, sector and market -specific developments and cost fluctuations. 1Capital expenditures for intangible assets and property, plant and equipment less capitalized development expenses. 2Cash flow from operating activities less capital expenditures for/plus disposal of intangible assets and property, plant and equipment. Note on operating performance indicators As announced in May 2026, following the almost complete cancellation of the Company's treasury shares, share-based compensation programs are, until further notice, settled exclusively in cash. IFRS accounting effects resulting from the transition to cash -settled share-based compensation are excluded from operating EBIT, while cash effects arising from the cash settlement of such awards are excluded from operating adjusted free cash flow. Accordingly, the full-year guidance for the EBIT margin and adjusted free cash flow has, as previously communicated in May 2026, been prepared exclusively on the basis of operating KPIs.
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Elmos Equity Story | Key Takeaways 19 2026 Marks the Pivoting Point Toward Sustainable, Structural Growth With allocation & destocking behind us, our path toward 2030 is firmly established Innovation Is Underpinned by Design-Wins – Anchoring Our 1 Billion EUR Target The majority of our 2030 revenue target is already awarded, with additional upside beyond Our Midterm EBIT Targets Are Intact – with Further Optimization Ahead Disciplined cost & efficiency initiatives bring us close to our ambition as early as 2026 Cash Is Here to Stay – and We Have Already Proven It FCF rose from 1% to 11%, targeting 17% through strict investment & working capital discipline Capital Allocation Has Entered a New Transformational Era Excess cash is deployed with a clear return mandate and long-term shareholder value focus China Remains Volatile – But We See More Opportunities than Risks Our localized & resilient setup positions us to capture further structural growth in China 1 2 3 4 5 6
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20 Shareholder Structure set for Long-term Perspective with increased Free Float 0 € 50 € 100 € 150 € 200 € 2021 2022 2023 2024 2025 2026 Elmos 5-Year Share Price Development Market Capitalization (as of July 31, 2026) ~2.5 billion Euro Close July 31, 2026 146.00 Euro Elmos Semiconductor SE Shareholder Structure ◼ Weyer Beteiligungsgesellschaft mbH1 ◼ Jumakos Beteiligungsgesellschaft mbH1 ◼ ZOE-VVG GmbH and related parties1 ◼ Treasury Stock ◼ Free float 20.70% 17.04% 16.29%3.07% 42.90% 1Elmos anchor shareholders 2Free Float including treasury stock (if below 5% of outstanding shares) Shareholder structure before ABB transaction (May 11, 2026) Anchor shareholders1: 54.03% Free float2: 45.97% Shareholder structure after ABB transaction (May 11, 2026) and cancellation of 540,000 treasury shares after AGM (June 8, 2026) Anchor shareholders1: 44.89% Free float2: 55.11% 15.02% 17.57% 12.29% 0.02% 55.10% Free float +20% Placement of 1.86 million existing shares by two anchor shareholders Weyer Beteiligungsgesellschaft mbH and ZOE-VVG GmbH, two anchor shareholders of Elmos, successfully placed 1.86 million existing shares on a pro-rata basis, corresponding to 10.5% of the current share capital in Elmos Semiconductor SE to institutional investors at a placement price of 176 Euro per share on May 11, 2026. The placement increased the free float of the Elmos shares by 20%. After the transaction and the cancellation of treasury shares (June 8, 2026), free float is around 55% and the three anchor shareholders continue to combine around 45% of the share capital, providing a continued stable ownership structure.
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ESG@Elmos 21 For Elmos, sustainabilityis an integral part of our corporate strategy, management processes and business goals. Awareness of social & ecological responsibility has been firmly anchored in our culture for years and is reflected in many activities, projects and measures. This commitment to sustainable development is increasingly being confirmed in ESG ratings. ▪ 63% of Group sales make a substantial contribution to environmental protection ▪ 81% of Group sales enhance safety and health ▪ 64% of Group sales increase comfort and well-being 1Based on data for 2025. All applications with a high or medium impact are considered to make a significant contribution. ESG Product Matrix & Product Contribution 1 ESG Ratings
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Elmos Corporate Carbon Footprint & Climate Targets 22 ▪ The calculation of the Corporate Carbon Footprint (CCF) is based on the international reporting standard Greenhouse Gas (GHG) Protocol. ▪ Elmos wants to reduce its GHG emissions as a fabless company for its own activities (Scope 1 & 2) by 40% until the year 2026 compared to the base year 2022. ▪ Elmos wants to become climate neutral for its own activities (Scope 1 & 2) by 2035. 0 2,000 4,000 6,000 8,000 Scope 1 & 2 emissions in t CO2e 2022 ACT base year 2023 ACT 2024 ACT 2025 ACT 2026e … 2035e -10.3% -20.4% -34.8% -40% -100% Scope 1 4,151 t CO2e Scope 2 926 t CO2e Scope 3 131,722 t CO2e 136,799 t CO2e - Natural gas (CHP plant) - Vehicle fleet - Purchased electricity - District heat - Purchased goods - Capital goods - Fuel- and energy-related activities - Upstream transportation and distribution - Waste generated in operations - Business travel - Employee commuting Elmos Climate TargetsElmos Corporate Carbon Footprint 2025
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23 Institution Analyst Recommendation Berenberg Amelie Dueckelmann-Dublany Gustav Froberg Buy Deutsche Bank Robert Sanders Hold Metzler Veysel Taze Oliver Frey Hold mwb research Abed Jarad Hold Oddo BHF Martin Marandon-Carlhian Hold Pekao Bank Lukas Cinikas Buy Warburg Research Malte Schaumann Buy Event Date Quarterly results Q2 2026 1 August 4, 2026 Extraordinary General Meeting August 18, 2026 Quarterly results Q3 2026 1 November 10, 2026 Elmos Semiconductor SE – Basic Share Data Foundation 1984 ISIN / WKN DE0005677108 / 567710 Ticker / Code ELG / ELGG.De Class Non-par value bearer shares Segment Prime Standard, Regulated Market Index MDAX, TecDAX, DAXsubsector Semiconductors Share capital 17,160,000 € / shares Investor Relations Contact Ralf Hoppe CIR – Corporate Investor Relations, Communications & ESG Phone +49 151 5383 7905 Email ralf.hoppe@elmos.com Financial Calendar / IR Contact / Research Coverage / Basic Share Data 1The German Securities Trading Act (Wertpapierhandelsgesetz) and the Market Abuse Regulation (EU) oblige issuers to immediately announce any information that may have a substantial price impact, irrespective of the communicated schedules. Therefore it is possible that we will announce key figures of quarterly and annual results ahead of the dates listed above. As we can never rule out changes of dates, we recommend checking dates and news ahead of schedule on the Company’s website (www.elmos.com).
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5-Year Overview Elmos Group (IFRS) 24
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DISCLAIMER This presentation contains forward-looking statements based on beliefs of Elmos‘ management. Such statements reflect the company‘s current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Elmos does not intend or assume any obligation to update these forward-looking statements. Elmos Semiconductor SE Werkstättenstraße18 | 51379 Leverkusen | Germany | Telephone: +49 (0) 2171 / 40 183-0 | info@elmos.com | www.elmos.com