Analysts´ Conference | Feb 2019

Fiscal Year 2018:Convincing

as our products!

Expert in analog mixed signal solutionsfocused on automotive market

2

Development, production & marketing of ICs & pressure sensors

Sales: ~85% automotive~15% non-automotive

Main strength: design of innovative products and specialized application know how

Elmos serves the megatrends (ADAS, EV…) & attractive niches with benchmark innovations

#1 positions:

Ultrasonic Parking Assistance

Ambient LED Light

Climate Applications

Gesture Control

Soon Rear Light LED & more…

Global player for automotive ASSPs and ASICs

Significant addition to design/application resources

Fablite: Flexible productionstrategy for Frontend and soonfor Backend (Test)

IC = Integrated Circuit / ASSP = Application Specific Standard Product / ASIC = Application Specific Integrated Circuit

35 years experience Worldwide leading products Ready for further growth

From a statistical point of view: >4 Elmos ICs in every new car …soon >5!

An international company with German roots

3

Headquarters in Dortmund, Germany

Worldwide sales offices and application support

~1.300 employees

~350 Engineers in Product Development: Further expansion in 2019!

4

We know what the customer needs:Strong customer base – growing every year

Ideas &Features

Ideas &Features

>400 million ICs p.a. delivered to 300++ customers

Elmos ICs are in almost all cars worldwide

High product and customer diversification

Elmos´ relationship with Tier1s and OEMs Approved partner

Tier1 Elmos ICs OEM

We are an innovative partner for a diversified customer base

5

Selected customers

Automotive OEMs

Baojun

Innovative products and strong market positions serve the mega trends

6

Lighting

Optical

Safety, Power & Custom ICs

Sensor ICsRanging

Motor Control

Business Line 1 - Sensors

Business Line 2 – Smart Control Business Line 3 - Smart Solutions

Right products for autonomous driving, electro mobility, safety, comfort...

Ranging:Advanced features for assisted and autonomous driving

7

From parking assistance to near field surveillance

Global market leader in Ultrasonic ICs

>850 million ICs for near field

surveillance delivered

>20 years experience with USPA ICs

>10 ASSPs: Broad product portfolio

from most affordable to highest

performance

Applications e.g. object localization, level

measuring and flow metering

Next IC generation in development

Optical:Simple & robust user experience in cars

8

Makes the car more intuitive through less distraction

Pioneering in gesture control with

>50 million ICs in the field

Applications e.g. proximity, swipes,

object detection and touchless door

access

2012: Market launch (VW Golf 7)

Today: available in almost all VW group

models – started in BMW models

… more OEMs to come

Technically leading IP protected

Lighting:We light up the car – inside and outside

9

More light quality and higher power efficiency

Worldwide #1 in ambient light control

>30++ million Ambient Light ICs in the

field

IP protected features (Auto addressing)

Homogeneous light from -40°C to

+125°C

Elmos rear lighting solutions set the

standard

Elmos IC already standard for one OEM

Next worldwide #1 position

Constant light intensity even at high

temperatures

Motor control:Highly integrated motor control ICs

10

>500 million ICs for HVAC flaps and blower

delivered

Benchmark for low noise and high

efficiency control solutions for HVAC

blower

5th IC generation in production – more

to come!

Serving all motor types

Focus on BLDC motors supporting CO2

reduction

More comfort and further CO2 reduction

Further milestones of main strategic pillars achieved

11

Front-End: Continuously increasing outsourcing share while own fabs are fully loaded

Back-End: Second wave of outsourcing while expansion of own test capacities ongoing

Successful Asian expansion with disproportionately strong growth in Asia for >5 years

Good design wins from U.S. customers

>140 ASSP products plus many ASICs

Design Wins 2018: very good year

Successful customer and product diversification

ASSP = Application Specific Standard Product / ASIC = Application Specific Integrated CircuitResults based on preliminary, unaudited figures for 2018

Fablite Internationalization ASSPs

~40%~45%

~50%

20172016 20182014 2015

~25%

~35%

~41%

201820152014 2016 2017

~27%~31%

~35%~39%

20162014 2015 2017 2018

~15%~12%

~15%

~25%

~33%

Outsourcing share (wafer) Asian share ASSP share

Positive development of sales and earnings in 2018 –guidance achieved

12

Guidance (as of Oct. 16, 2018) Actuals 2018

Sales 8%-12% (yoy) 10.8%

EBIT margin 17%-19% 18.4%

Capex Less than 15% of sales 14.9%

Adjusted free cash flow Negative −3.3 Mio. Euro

Ø Exchange rate 1.20 US-Dollar / Euro (assumption) 1.18 US-Dollar / Euro

Capex: Capital expenditures for property, plant and equipment and intangible assets, less capitalized development expensesAdjusted free cash flow: Cash flow from operating activities less capital expenditures for / plus disposal of intangible assets and property, plant and equipmentResults based on preliminary, unaudited figures for 2018

Guidance (as of Oct. 16, 2018) Actuals 2018

Positive sales and margin development in 2018

13

42.3%43.6%

228.6

2014 2017

41.7%

2015

43.9%

2016

277.6

45.2%

2018

209.5 219.6250.4

+10.8%

Sales growth due to existing products and new ramp ups

Higher gross margin despite more complex products and numerous new ramp ups

43.3%

49.2%

Q3 2018

40.5%

Q1 2018 Q2 2018

47.0%

Q4 2018

63.569.1 69.4

75.6

High sales level throughout the year with increasing margins

Book-to-bill ratio was at around one at the end of the period

Yearly sales (million Euro) & gross margin (%) Quarterly sales (million Euro) & gross margin (%)

Sales CAGR 2014-2018: +7.3%Results based on preliminary, unaudited figures for 2018

Very satisfying earnings development

14

Five years double-digit EBIT margin in a row

EBIT margin achieved mid-term target level in 2017 and 2018

EPS increased by 42.0% to 1.79 Euro (2017: 1.26 Euro)

2017

10.8% 11.2%

2015

10.1%

2014

15.3%

2016

18.4%

2018

22.6 24.5 23.1

38.4

51.0

+32.8%

Q4 2018

12.4%

Q1 2018

22.4%

17.7%

Q2 2018 Q3 2018

20.2%

7.9

12.214.0

16.9

Besides good operating performance, earnings were positively influenced by the lower opex ratio

Further expansion of development capacities is planned measures already started

Yearly EBIT (million Euro) & EBIT margin (%) Quarterly EBIT (million Euro) & EBIT margin (%)

Results based on preliminary, unaudited figures for 2018

Investing into further growth

15

2017

10.5%14.3%

2014 2015

14.9%

37.2

2016

10.1%

14.9%

2018

29.9

23.0 23.2

41.4

2015 20172014 2016

29.7

2018

10.6 9.1

1

Supportedby tax effects

33.5

2014 20162015

48.4

40.0

2017 2018

37.9

50.3

Definitions of selected financial indicators - Adjusted free cash flow: Cash flow from operating activities less capital expenditures for/plus disposals of intangible assets and property, plant and equipment- Capital expenditures: Capital expenditures for intangible assets and property, plant and equipment less capitalized development expenses1 Disregarding one-off effect from sale and lease back structure of ca. 14 million Euro // Results based on preliminary, unaudited figures for 2018

20182014 2016

47.0

2015 2017

53.7 55.4

33.2

16.9

Burdenedby tax effects

1

1

−5.2 −3.3

Capex (million Euro & % of sales) Operating cash flow (million Euro)

Adjusted free cash flow (million Euro) Net cash (million Euro)

Constant or increasing dividend since 2010

16

7.9*

9

11

8

5

6

3

10

7

43.9

4.8 4.8

6.5

0.35

2014 2015

6.9

2016

0.40

7.9

0.33

2017

0.52*

10.3

2018

4.8

201320122011

6.5

0.33

2010

0.25

0.20

0.25 0.25

+25%

+32%

+14%

+30.0%

Share buyback

2017: Purchase of 450,000 shares for a total of 9.7 million Euro

2018/2019: Resolution to purchase up to 1 million shares for a total of roughly 21 million Euro and a maximum of 21 Euro per share (as of Feb. 14, 2019: 86.316 shares for ~1.7 million Euro)

Dividend (in Euro) & total payout (in million Euro)

* Proposal for the AGM on May 15, 2019

Market environment 2019: uncertain economic conditions

17

Daily Newspaper Headlines Market Outlook

Worldwide economics (GDP)1

Europe ↘

China ↘

US ↘

1 IMF 2 VDA

3.7%

2017 2018 2019

3.8%

Wo

rld

wid

e G

DP

dev

elo

pm

ent

yoy

3.5%

New car registrations in million units2

Europe ↗

China ↗

US →

85 85 86

2017 2018 2019

New

car

regi

stra

tio

ns

in m

illio

nu

nit

s

Guidance 2019: further growth expected

Capex: Capital expenditures for property, plant and equipment and intangible assets, less capitalized development expensesAdjusted free cash flow: Cash flow from operating activities less capital expenditures for / plus disposal of intangible assets and property, plant and equipment

As of February 14, 2019

Sales 6%-10% (yoy)

EBIT margin 13%-17%

Capex <15% of sales

Adjusted free cash flow Positive

Ø Exchange rate 1.15 US-Dollar / Euro (assumption)

18

As of February 13, 2019

The Next Smart Device: The Car

Analysts´ Conference | Feb 2019

Elmos shareholder structure set for long-term perspective

Based on a share capital of 20,103,513 shares / Euro as of Dec. 31, 2018 20

20.0%

14.1%

14.8%

1.8%

49.3%

Weyer Beteiligungsgesellschaft mbHand related parties

ZOE-VVG GmbHand related parties

Jumakos BeteiligungsgesellschaftmbH

Treasury Stock

Free float (thereof 5.01% Teslin CapitalManagement B.V. as of May 5, 2017 and3.02% JPMorgan Asset Management(UK) Limited as of November 9, 2018)

2121

Research Coverage and Elmos Financial Calendar

As of January 31, 2019

Event Date

Preliminary Results 2018* February 14, 2019

Analysts Conference (Conference Call/Webcast) February 14, 2019

Financial Results 2018* March 14, 2019

Quarterly Results Q1 2019* May 8, 2019

AGM in Dortmund, Germany May 15, 2019

Quarterly Results Q2 2019* August 1, 2019

Quarterly Results Q3 2019* November 6, 2019

* The 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).

Institution Analyst Recommendation

Deutsche Bank Johannes Schaller Hold

DZ Bank Harald Schnitzer Hold

Hauck & Aufhäuser Robin Brass Hold

NIBC Edwin de Jong Buy

Oddo BHF Stéphane Houri Neutral*

Warburg Research Malte Schaumann Buy

Event Date

Institution Analyst Recommendation

* As of 01/14/2019 from Veysel Taze

Elmos Semiconductor AG

Heinrich-Hertz-Str. 1 | 44227 Dortmund | Germany

Telephone: + 49 231 75 49 273 | Telefax: + 49 231 75 49 111

invest@elmos.com | www.elmos.com

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.

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