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Investor presentation // Q3 2026 The SPECIALTY foundry for the analog world
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2 Disclaimer › This presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, X-FAB’s future results of operations, financial condition, liquidity, prospects, growth, strategies or developments in the industry in which we operate. By their nature, forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results or future events to differ materially from those expressed or implied thereby. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. › Forward-looking statements contained in this presentation regarding trends or current activities should not be taken as a report that such trends or activities will continue in the future. We undertake no obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, unless legally required. You should not place undue reliance on any such forward-looking statements, which speak only as of the date this presentation was created. › The information contained in this presentation is subject to change without notice. No re-report or warranty, express or implied, is made as to the fairness, accuracy, reasonableness or completeness of the information contained herein and no reliance should be placed on it. Forward-looking information
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About X-FAB01 02 03 04 Our growth strategy going forward Company news Financial update Content 3
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› Specialty foundry for power, sensing, and microsystems applications › Expert for the development and production of analog/mixed- signal ICs, microsystems, photonics, and wide bandgap technologies (SiC and GaN) › Focus on automotive, medical, and industrial end markets with high growth and long lifecycles › Positioned for data center growth with power and photonics › Providing strong design support and IP drives long-term customer engagement with successful technology leaders › High-voltage technologies for the electrification of everything – electrified mobility, data centers, and renewable energy › Proven business model with a CAGR of 17% over 2020-2025 in X-FAB’s core markets Key investment highlights 4
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manufacturing sites 6 revenue in 2025 870 m$ employees ~4,000 5 X-FAB at a glance
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› Focus on complex technology, design support and manufacturing solutions › X-FAB does not have own products, as it does not want to compete with its customers 6 Foundries and their role in the value chain IC design Design IP development IC wafer manufacturing IC assembly & test IC sales Process technology development Integrated model IDMs Cooperation model Fabless houses Foundry Semiconductor value chain Infineon, Samsung, Intel, NXP, ST Micro, Analog Devices Melexis, Nvidia, Broadcom
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7 Analog vs. digital – a clear differentiation Memory CPU Logic Technological diversification to interface with the real world Continuous miniaturization makes ever smaller feature sizes and higher computation power necessary. Our Business Model: Specialty mixed-signal technologies › Low capacity and technology capex › Long product lifecycle › High tech differentiation › Large portfolio of process technologies › Mid-size technology nodes › High capacity and technology capex › Short product lifecycle › Latest technology node differentiation › Limited portfolio of process technologies › Small-size technology nodes DigitalAnalog/mixed-signal Larger technology nodes with much longer lifetime suitable for mixed signal 130 nm 90 nm 65 nm≥500 nm 350 nm 180 nm 10 nm 7 nm Fabs/machines need to be replaced for ever newer ones Opto High Voltage Power Sensors Biochips Analog/RF 110 nm 3 nm Photonics
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8 Business units Comprehensive portfolio of technologies › MEMS with or without integrated CMOS › Microfluidics › Advanced wafer-scale assembly and heterogeneous integration › Silicon nitride photonics › Feature-rich technology portfolio offering the integration of various functionalities on one chip including voltage ranges up to 400V › Wide operating temperature range from -40 to +175°C Microsystems & PhotonicsSmart CMOS & SOI Wide bandgap › 6-inch silicon carbide (SiC) › 8-inch gallium nitride (GaN) on silicon › Standard platforms and customization
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9 Serving strongly growing end markets Automotive Electrification Safety Comfort and convenience Industrial Data center and AI Robots and physical AI Sustainable energy Smart buildings and cities Medical Personal medical devices Medical equipment Lab-on-a-chip
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Unique tools for First-Time- Right Long lifetime product support Highly reliable manufacturing support Design reviews 24/7 expert hotline Reference kits Robust design flow Application experts PDKs with proven ESD Accurate modeling We are setting the benchmark in support X-FAB’s close relationships with customers create barriers to entry for competitors. Largest IP offering
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6 7 11 12 11 33 54 5952 123 161 178148 170 166 154 2005 2016 2024 2025 >US$ 10m >US$ 1m >US$ 100k <US$ 100k › About 1,650 unique products in production plus 535 new products in prototyping stage. › Top 5 customers accounted for 58% of revenue in 2025 › X-FAB is the sole source for the products it manufactures for its customers. 11 Continuously growing, diversified and global customers We have a diverse base of more than 400 customers worldwide. 41 <10 217 333 58 57 392 No. of automotive customers No. of customers Annual revenue: 403
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12 Diversified product range 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Average revenue per customer per product in 2025 Revenue share per customer in 2025 Top 1 43.5 % Top 2 5.5 % Top 3 3.7 % Top 4 3.2 % Top 5 2.3 % Top 6 2.3 % Top 7 1.7 % Top 8 1.7 % Top 9 1.6 % Top 10 1.6 % Top 11 1.2 % Top 12 1.2 % Top 13 1.0 % Top 14 1.0 % Top 15 0.9 % Top 16 0.9 % Top 17 0.8 % Top 18 0.8 % Top 19 0.7 % Top 20 0.7 % kUSD › Low risk due to highly diversified portfolio of end products › About 1,650 unique products in production › X-FAB is #1 foundry supplier for 12 out of the Top 20 customers
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0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Long product lifetimes Many products in production for more than 20 years Wafer delivery per year sorted by year of product launch Each color represents all new product launches in a given year, indicating wafer volumes in the launch as well as subsequent years. Wafer quantity
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14 Prototyping translating into production › Peak in 350nm CMOS prototyping in 2012 while volume production peaked 11 years later in 2023, reflecting the longevity of X-FAB’s portfolio Illustrative lifecycle for automotive product 0 50 100 150 200 250 300 350 0 5 10 15 20 25 30 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 X-FAB prototyping revenue ($m) X-FAB volume production revenue ($m) 180nm production 350nm production* 350nm prototyping 180nm prototyping Prototyping is an early indicator for future production * excluding subcontracted business in 2016 and 2017 First prototype Technology selection & chip design Qualification Volume ramp-up Safe launch Mass production Months › At least 12 months of finalizing chip design for mass production › Customers ‘locked in’ given high switching costs (time and cost) › Prototypes cash funded by customers › Consistent high quality and process experience increases customer stickiness 110nm prototyping 110nm production Characterization & finetuning 3 6 18 ~ 18 > 66 129 15 ~18 >60
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15 Responsible growth – ESG objectives Drive technological innovation to support sustainability goals for climate action and health and well-being. Promote diversity and inclusion within the workplace to ensure equal opportunities for all employees. Reduce carbon footprint, normalized to stepped mask layers, by 40% by 2030 compared to 2021. Lower water consumption, normalized to by stepped mask layers, by 20% by 2030 compared to 2021 levels.
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16 Responsible growth – sustainability at X-FAB Environment Health & Safety › Constantly increasing environmental awareness and responsibility › Several environmental policies and certifications in place (EHS, ISO) and dedicated staff, e.g. waste or emission inspector › Energy management system according to ISO 50001:2011; permanent goal to improve energy efficiency by 1% per year › ESG objectives to reduce carbon footprint and water use › Materials and waste management aiming to decrease overall environmental impact › Global supplier selection process in place › Suppliers need to follow strict requirements and are audited regularly › Continual supplier monitoring process to ensure compliance with all requirements › Responsible sourcing & handling of conflict minerals › Intense checks and validation by X-FAB’s supplier quality management and procurement organization › Environmental, Health and Safety (EHS) policy in place to ensure health and safety of our employees, contractors, suppliers, customers, and the general public › Preventive maintenance to ensure safe operational equipment and work surroundings › Good working atmosphere and inspiring working environment for employees › Various training and event formats for continual development and to ensure global knowledge transfer › Flexible working time models and individual working time solutions, where applicable Sustainable Supply
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› Strong set of corporate values that include customer orientation and innovation › ESG objective on diversity & inclusion – introduced diversity council to drive initiatives and actions › Protection of human rights – prohibition of discrimination and child or forced labor and, protection from harassment, freedom of thought and association › Anti-corruption and bribery – activities to increase employee awareness; Ethics & Conflict of Interest policy in place › Right of employees to join associations and unions as well as the right to collective bargaining 17 Responsible growth – sustainability at X-FAB Human Rights & Ethics GovernanceSocial Commitment › Global and local activities relating to social and educational topics in order to contribute to communities in which X-FAB operates › Annual EHS weeks providing information about health protection, safety, sustainability, and environmental topics per site › Active social media channels to communicate about X-FAB’s contributions › Strictly complying with insider trading rules and market abuse regulations › Transparent and clear shareholder communication › Board-level ESG committee › Diversified board of directors in terms of gender, nationality, and expertise; three members are independent › Transparent remuneration of board of directors and executive management › Related party transactions at arm‘s length › Global Whistle Blower Policy › Global Equal Treatment Policy
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About X-FAB01 02 03 04 Our growth strategy going forward Company news Financial update Content 18
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› Expand X-FAB’s leading position in specialized analog/mixed- signal technologies › Leverage expertise in microsystems, photonics, and wide bandgap technologies to drive further growth › Maintain focus on resilient and growing end markets – automotive, industrial, and medical › Serve data centers, AI, and robotics with power management, photonics, and sensors expertise › Diversify X-FAB’s business in terms of customers and applications › Continuously innovate our technology and service portfolio › Grow economy of scale, optimize utilization, and leverage automation to further improve margins Our growth strategy going forward 19
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20 X-FAB semiconductors are key We enable the development of sustainable and energy-efficient products across all sectors – in automotive, industrial and medical Electrification of everything › Power management › Sensors & actuators for energy efficiency Aging populations › Digital healthcare › Robots AI era › Data centers › IoT sensing › Photonics & quantum computing
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2021 2023 2025 › Automotive revenue in Q3 2026 was down 19% year-on-year and up 3% quarter-on-quarter › Strong increase in automotive bookings in the third quarter, up 41% year-on-year and 22% quarter-on-quarter, supporting the anticipated recovery in H2 2026 21 Business highlights – Automotive 2020 0 20 40 60 80 100 120 140 160 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Automotive revenue in $m 2022 2024 2026
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22 X-FAB’s business – Automotive X-FAB delivers into combustion cars and EVs MEMS Safety & assistance Airbags TPMS Collision warning Lane assistant Parking assistant LiDAR Steering Brake/ABS Traction control Suspension Alarm Chassis control Infotainment 12V battery Lighting Diagnostics Chassis Comfort & convenience Window & door control Intelligent key systems Climate control Seat control Mirror & wiper control Adaptive cruise control Interior lighting Road noise cancellation In-vehicle network CAN/LIN Transceiver Ethernet Safe-by-wire In-car data bus Electronic system EV/ICE power train Inverter On-board charger Battery management Thermal management DC/DC converter Engine & exhaust control Alternator and starter Touchscreen Gesture control
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23 The right technology mix for the electrification of cars SiC & GaN High voltage + NVM CMOS On-chip HV isolation › Wide bandgap (SiC & GaN) as technology of choice for power applications › Inverters, onboard charging, charging stations › Share of power semiconductors in hybrid/electric vehicles to grow considerably combined with electric vehicle unit growth › New high-voltage architectures (800V) › Strong structural growth projected for X-FAB’s SiC business › Galvanic isolation technology required for electric vehicle drive systems › Electrically separates two circuits › Complementing X-FAB’s SiC and HV offering › High voltage in combination with sensors, analog/mixed-signal, e-flash on one chip; in particular for Li-ion battery monitoring systems › Operating temperatures up to 175° Celsius for harsh environments; under the hood applications; in particular for gate drivers for inverters › Current sensor, battery management system, monolithic motor driver with integrated FETs, etc. Battery management On-board chargerTraction inverter Charging infrastructure DC/DC converter
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2021 2023 2025 › Industrial revenue in Q3 2026 was up 4% year-on-year and up 10% quarter-on-quarter › Strong increase in silicon carbide revenue, up 68% year-on-year across all end markets 24 Business highlights – Industrial 2020 0 10 20 30 40 50 60 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Industrial revenue in $m 2022 2024 2026
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25 X-FAB’s business – Industrial “Electrification of everything” and “smart everywhere” driving growth in industrial Smart manufacturing › Robotics › Machine-to- machine communication Renewable energy › Residential energy storage › Inverter for PV › Gate drivers for wind turbines Smart cities & buildings › Energy storage and distribution › Ethernet over power line for smart homes › Smart metering › Solid-state circuit brakers Data center & AI › Power management › Thermal management › Photonics › Quantum computing › Timing management
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26 Serving the data center infrastructure market Power › SiC & GaN power devices › Power management ICs › Circuit breakers › Isolation ICs › High-voltage control ICs › Temperature sensors › Pressure sensors › Flow sensors › Clock generation & timing ICs › Cooling actuators Efficiently converting, regulating and distributing energy Sense & control Connect Supporting the operation and security of data centers Moving data optically within and between AI clusters › Silicon Photonics ICs › Optical transceivers › Optical connectors › High-power light sources for co-packaged optics around $300m long-term annual revenue potential
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Leading silicon carbide foundry 27 EV – saving battery cost, extended range Charging station – shorter charging time Grid infrastructure – renewable integration Data center – power management for higher efficiency & circuit breaker Applications X-FAB is the world’s first and leading SiC pure-play foundry SiC benefits Higher voltage and higher frequency – reduced size and weight Higher conversion efficiency – increases battery range by approx. 8% Operates at higher temperatures – reduces cooling requirements High-volume manufacturing fab, automotive certified High quality and yield Next-generation process development with healthy customer and product pipeline Best-in-class technology platform for planar matching trench performance Leverage US Chips Act going forward
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Silicon photonics Combining the best of silicon and advanced photonics Applications 28 Photonic IC benefits Enables ultra-fast data transfer Energy-efficient and smaller devices Electromagnetic robustness Co-optimization of technology, design, and system leveraging X-FAB’s expertise in heterogeneous integration Significantly increases value creation by X-FAB Advancing two silicon photonics platforms with key partners Data centers Telecom LiDAR › development of heterogeneous integration capabilities for lasers, modulators, photo diodes, amplifiers, etc. Broadening capabilities of established European Photonics supply chain Many emerging applications from high- speed data transmission to sensing Sensors Quantum computing Space & defense
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› Medical revenue in Q3 2026 was down 10% year-on-year and down 9% quarter-on-quarter › Strong demand for ultrasound and pacemaker applications was partly offset by lower orders for a major customer’s lab-on-a-chip device and lower demand for temperature sensors 29 Business highlights – Medical 2021 2023 2025 2020 0 5 10 15 20 25 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Medical revenue in $m 2022 2024 2026
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30 X-FAB’s business – Medical Personal medical devices › Hearing aids, cochlear implants › Pacemaker › Contactless thermometer › Glucose meter Medical equipment › Medical ultrasound › Xray › CT scanner › PET scanner Lab-on-a-chip › Drug testing & development › Fast sepsis detection › DNA sequencing
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31 Connecting the two worlds of microelectronics and microfluidics › Biological and pharmaceutical research is making significant progress assisted by advances in silicon technology. › Microfluidic devices contain microsystems for handling tiny quantities of fluids integrated on silicon and capable of performing high-throughput screening and testing (lab-on-a-chip). › Disposable biomedical devices will replace bulky and expensive laboratory equipment with cheaper and faster microsystems. › Reduction of size and weight enables portable equipment for point-of-care applications. › X-FAB’s expertise and experience in microelectronics and microfluidics is a key advantage for customers. › Close collaboration with customers as well as strong design and engineering support capabilities help driving complex projects to success. X-FAB – at home in both worldsSmart integrated microfluidic systems gaining ground
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About X-FAB01 02 03 04 Our growth strategy going forward Company news Financial update Content 32
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Company news FIND OUT MORE FIND OUT MORE ›Around 200 executives were invited by Chancellor Merz and leading German politicians to reflect on Europe’s need for sovereignty, speed, and scalability. X-FAB is well positioned to support with its focus on specialty semiconductors. 19 & 20 October 2026 | Berlin, Germany X-FAB CEO joins “Invest in Germany” Summit ›X-FAB showcased its SiC and GaN manufacturing capabilities at ICSCRM 2026 in Yokohama, engaging with the international wide-bandgap semiconductor community. 28 Sep-02 Oct 2026 | Yokohama, Japan X-FAB showcases Wide Bandgap Offering at ICSCRM in Japan X-FAB is expanding its manufacturing capacity for highly integrated microsystems and photonics, thereby continuing the transition of the Erfurt site into X-FAB Group’s microsystems hub. X-FAB is expanding its manufacturing capacity for highly integrated microsystems and photonics, thereby continuing the transition of the Erfurt site into X-FAB Group’s microsystems hub. 05 October 2026 | Erfurt, Germany 05 October 2026 | Erfurt, Germany X-FAB breaks ground on new cleanroom in Erfurt X-FAB breaks ground on new cleanroom in Erfurt ›As a key manufacturing partner to Navitas, selected by the U.S. Government for the ALATTIS program, X-FAB will support the development of next-generation 10,000 Volt SiC technology through its US-based manufacturing and supply chain capabilities. 28 September 2026 X-FAB supports development of 10kV SiC power semiconductors
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About X-FAB01 02 03 04 Our growth strategy going forward Company news Financial update Content 34
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35 Q3 2026 at a glance 0 50 100 150 200 250 300 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 CMOS Microsystems & Photonics Wide bandgap Bookings › Q3 revenue at USD 200.7 million*, down 12% YoY and up 2% QoQ › Revenue in X-FAB’s key end markets down 13% YoY* and up 3% QoQ*, with a 94% share of total revenue* › Bookings at USD 224.7 million, the highest level in two years, up 38% YoY and 30% QoQ › Backlog at USD 313.6 million › Prototyping rev. at USD 16.3 million*, down 17% YoY and 8% QoQ › Q3 EBIT at USD 4.3 million, down 82% YoY and up 107% QoQ › Q3 EBITDA at USD 37.5 million, down 30% YoY and up 12% QoQ • EBITDA margin at 19.3%, excluding IFRS 15 effect at 18.6% › Higher bookings and increasing capacity utilization support the anticipated gradual recovery in H2 2026 Key takeawaysRevenue* & bookings by quarter *excluding impact from revenue recognized over time in accordance with IFRS 15 in $m
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36 Quarterly overview in millions of USD, except otherwise stated Q3 2026 Q3 2025 Q2 2026 growth vs. Q3 2025 growth vs. Q2 2026 Revenue1 194.4 228.6 199.8 -15% -3% Gross profit 31.6 48.3 30.5 -34% 4% % margin 16.3% 21.1% 15.3% EBIT 4.3 23.8 2.1 -82% 107% % margin 2.2% 10.4% 1.0% Net financial result -6.4 -5.6 -4.5 Income tax -0.8 -1.6 -12.42 Net profit (2.8) 16.6 (14.8) -117% -81% % margin -1.5% 7.3% -7.4% EBITDA 37.5 53.9 33.6 -30% 12% % margin 19.3% 23.6% 16.8% Capex (31.8) (23.5) (24.2) 35% 31% % revenue -16.3% -10.3% -12.1% Net debt 315.5 289.3 312.3 n.m. n.m. Headcount (in #)3 4,064 4,258 4,079 -5% 0% 1 including impact from revenue recognized over time according to IFRS 15 2 includes non-cash impact of USD -11.0 million related to the derecognition of deferred tax assets at the Group’s Malaysian subsidiary 3 Headcount calculated as the average number of all employees on payroll plus borrowed persons, excluding absent employees and trainees, and taking short-time work effect into account; part-time employees converted into full-time equivalents
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37 Quarterly revenue by market segment and technology Automotive 128.6 135.4 143.4 146.9 132.6 121.6 116.0 119.1 -19% Industrial 36.1 39.3 47.2 47.6 50.5 52.0 45.2 49.6 4% Medical 16.5 13.8 15.1 21.2 21.2 19.2 21.0 19.1 -10% Subtotal core business* 181.2 188.6 205.7 215.7 204.3 192.9 182.1 187.8 -13% 92.1% 93.2% 94.2% 94.2% 93.7% 93.6% 92.9% 93.6% CCC** 15.1 13.6 12.2 13.3 13.6 12.7 13.5 12.4 -6% Others 0.5 0.2 0.4 0.0 0.3 0.2 0.3 0.5 Revenue* 196.8 202.3 218.3 228.9 218.1 205.8 196.0 200.7 -12% Smart CMOS & SOI 170.8 173.4 185.1 191.8 182.9 156.9 156.7 158.6 -17% Microsystems & Photonics 20.2 22.9 25.3 27.5 25.0 33.7 28.7 25.9 -6% Wide-bandgap technologies 5.8 6.0 7.9 9.6 10.2 15.1 10.6 16.2 68% Revenue* 196.8 202.3 218.3 228.9 218.1 205.8 196.0 200.7 -12% in millions of USD Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q3 y-o-y growth by market segment by technology * excluding impact from revenue recognized over time in accordance with IFRS 15 ** Consumer, Communications & Computer
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Because of rounding differences, the sum of the percentages provided in the pie charts may not be 100%. 38 Business portfolio CCC = Consumer, Communications & Computer Automotive 59% Medical 10% CCC 6% Industrial 25% Business mix Q3 2026 94% Core business › High share of core business with long lifecycles and higher value-add › Core business CAGR 2020-2025 • Automotive: 19% • Industrial: 14% • Medical: 16% › Continued focus on technology specialization and diversification of customer base › Key future growth drivers: data center infrastructure, robotics sensors, and energy applications Positioned for diversified growth
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39 Prototyping revenue development 0 5 10 15 20 25 30 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 in $m Prototyping revenue* Moving 4Q average Prototyping revenue per quarter *Prototyping revenue from Q3 2021 to Q4 2023 inflated by activities for the safe launch of SiC and microsystems projects › Q3 prototyping revenue at USD 16.3 million, down 17% YoY and 8% QoQ › Milestone-based billing in Microsystems and Wide Bandgap drives quarterly fluctuations* › Positive underlying CMOS demand with growing number and value of opportunities
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0 100 200 300 400 500 600 700 800 900 1,000 2020 2021 2022 2023 2024 2025 YTD 2026 in $m EUR in USD USD 59% 41% 44% 56% 68% 32% 63% 37% 40 Natural hedging of the business Costs by currencyRevenue by currency (full year 2025) USD 54% EUR 37% MYR 8% SGD 1% › Euro share of sales in Q3 2026 at 43% › No FX impact on EBITDA thanks to natural hedging of the business 58% 42% 56% 44% 57% 43% 9-month period
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in millions of USD 30 Sep 2026 30 Sep 2025 30 Jun 2026 Cash & cash equivalents 196.0 174.2 163.6 Short-term financial assets 0.0 3.7 0.0 Total debt 511.5 467.2 475.9 Net debt 315.5 289.3 312.3 Cash position Solid cash position › Solid cash position complemented by credit lines › Capex overview: • Q3 2026 at USD 31.8 million • FY 2026 projected around USD 100 million (net of Chips Act funding) › USD 23.2 million of LTA prepayments repaid in Q3 2026 • Total repayments as of Q3-end: USD 123.6 million • Outstanding repayments: USD 173.8 million › Going forward, X-FAB aims at achieving a sustainable balance between debt reduction, capital return, and further growth. Net debt development 41
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› Capex ratio in 2026 and onwards at 10-15% of revenue, of which • maintenance capex: 5% • capability capex: up to 10% › Additional capex funding possible via Chips Act and customer prepayment 42 Capex 0 100 200 300 400 500 600 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 in m$ Capex evolution Capex 2023-2025 USD 1.1 bn* *total capex including USD 100 million of maintenance capex
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43 Capex coverage by EBITDA -200 -150 -100 -50 0 50 100 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 EBITDA Capex Delta in m$
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44 Financial liabilities -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 -400 -200 0 200 400 600 800 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Net debt LTA* prepayments Net debt/EBITDA in m$ *Long-term agreements
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0% 10% 20% 30% 0 10 20 30 40 50 60 70 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 in $m Gross profit Gross margin 0% 10% 20% 30% 40% 0 10 20 30 40 50 60 70 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 in $m EBITDA EBITDA margin › Q3 2026 EBITDA margin at 19.3%, excluding impact from IFRS 15, Q3 2026 EBITDA margin at 18.6% › Initiated cost-saving program on track Profitability Gross profit EBITDA 45
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46 Strong growth and higher profitability Greater resilience during down cycles 0% 5% 10% 15% 20% 25% 30% 0 200 400 600 800 1,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue EBITDA EBITDA margin › Significant EBITDA margin improvement in downturn periods: 23% 2025 6% 2019 vs. in $m
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47 Outlook Bookings & backlog Guidance › Q4 2026 revenue in the range of USD 205-215 million › Q4 2026 EBITDA margin in the range of 19-22% › Based on an average exchange rate of 1.14 USD/EUR and not taking into account the impact of IFRS 15 0 100 200 300 400 500 600 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 in $m Bookings Backlog › Q3 bookings up 38% year-on-year reaching highest level in two years
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Further financial numbers and business information Appendix 48
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49 Financial key figures 2020-2025 * Headcount calculated as the average number of all employees on payroll plus borrowed persons, excluding short-time work, absent employees and trainees; part-time employees converted into full-time equivalents in millions of USD, except otherwise stated 2020 2021 2022 2023 2024 2025 CAGR 2020-2025 Revenue 477.6 657.8 739.5 906.8 816.4 870.3 13% % growth -5.7% 37.7% 12.4% 22.6% -10.0% 6.6% Gross profit 43.7 150.0 176.0 258.1 182.9 184.4 33% % margin 9.2% 22.8% 23.8% 28.5% 22.4% 21.2% EBIT (14.6) 77.2 57.3 157.7 85.5 76.4 -239% % margin -3.1% 11.7% 7.8% 17.4% 10.5% 8.8% Net financial result 32.2 (4.3) (20.3) (2.5) (2.3) (35.9) Income tax (4.0) 10.8 15.4 6.7 (21.8) (10.4) Net profit 13.5 83.6 52.5 161.9 61.5 30.1 17% % margin 2.8% 12.7% 7.1% 17.9% 7.5% 3.5% EBITDA 60.4 153.3 134.9 245.6 188.9 196.8 27% % margin 12.7% 23.3% 18.2% 27.1% 23.1% 22.6% Capex 38.5 67.0 180.6 337.8 509.6 204.1 40% % revenue 8.1% 10.2% 24.4% 37.3% 62.4% 23.5% Net debt (130.2) (163.7) (72.5) (144.7) 198.3 284.8 Headcount (in #)* 3,615 3,783 4,111 4,380 4,392 4,196 3%
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Annual revenue by market segment and technology Automotive 236.0 331.7 389.3 539.1 552.5 558.3 1% 19% Industrial 97.1 145.6 172.9 206.2 154.6 184.7 19% 14% Medical 33.5 47.9 55.8 67.3 56.4 71.3 26% 16% Subtotal core business* 366.6 525.1 618.0 812.6 763.4 814.2 7% 17% 76.8% 79.8% 83.6% 91.3% 92.8% 93.9% CCC** 110.1 131.6 118.4 76.8 58.0 52.5 -9% -14% Others 0.8 1.0 3.1 0.8 0.9 0.8 Revenue* 477.6 657.8 739.5 890.2 822.3 867.2 5% 13% CMOS 412.3 558.4 609.4 722.4 680.3 732.7 8% 12% Microsystems 44.3 65.5 75.6 95.2 91.0 100.7 11% 18% Silicon carbide 21.0 33.8 54.5 72.6 51.0 33.8 -34% 10% Revenue* 477.6 657.8 739.5 890.2 822.3 867.2 5% 13% in millions of USD 2020 2021 2022 2023 2024 2025 Growth CAGR 2020-2025 by market segment by technology * Excluding impact from revenue recognized over time according to IFRS 15 ** Consumer, Communications & Computer 50
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X-FAB shareholder structure 51 25.0 24.9 11.4 38.7 Elex NV Sensinnovat BV Sarawak Technology Holdings Sdn. Bhd. Public