www.osram.com Strong Start into FY15 Q1 FY15 Management Presentation (preliminary figures) (preliminary figures) OSRAM Licht AG | February 4, 2015 Light is OSRAM
Safe Harbor Statement This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. OSRAM Licht AG has based these forward-looking Statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from that projected in the forward-looking Statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. The information contained in this presentation is subject to change without notice and OSRAM Licht AG does not undertake any duty to update the forward- looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. 2 2 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
Seasonally strong top-line Group (€m) Revenue development 1) Comments Q1 FY15 y-o-y Quarterly revenue � 5% nominal, 0.5% comparable revenue growth � Positive currency effect of 3% and 1,393 Revenue 1,326 1,335 1,278 1,203 portfolio effect of 1% (in €m) � LED share at 39%, up by 600 bps y-o-y � EMEA with modest comparable growth mainly Comp. growth (%) 2 driven by LLS 1 1 0 � Americas growing after three quarters of decline � Americas growing after three quarters of decline (1) � APAC lagging behind despite strong Q1 Q2 Q3 Q4 Q1 performance at SP Nom. FY14 FY14 FY14 FY14 FY15 growth (%) (2) (3) (6) 0 5 Revenue by Segment 2) Q1 FY15 Revenue by Region Q1 FY15 Opto Semiconductors Classic Lamps & Ballasts Americas nom. 9% comp. 4% 20% nom. (8)% comp. (10)% 34% 32% nom. 9% EMEA 44% Specialty Lighting comp. 1% 29% nom. 2% 11% nom. 15% comp. 6% LED Lamps & Systems comp. 1% 7% 24% nom. 70% comp. 65% Luminaires & Solutions APAC nom. 6% nom. (17)% comp. (19)% comp. (2)% 1) nom. (nominal growth) / comp. (comparable growth), adjusted for FX and portfolio effects 2) based on sum of Segments' revenue, w/o considering corp. items & consolidation 3 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
Exceptional operational profitability – reported EBITA held back by transformation costs Group (€m) EBITA development Comments Q1 FY15 y-o-y � Adjusted EBITA up 23% y-o-y, benefiting from volume as well as OSRAM Push savings Adj. EBITA margin 1) (%) 10.8 9.3 � Agreement related to social plan for the 9.1 8.6 8.0 8.5 transformation measures in Germany signed in Q1 6.4 6.7 EBITA 2.7 FY15 margin (%) (3.0) � With €184m a substantial amount of planned FY15 transformation costs was booked FY15 transformation costs was booked 112 accordingly � Net loss: €39m; EPS: € -0.40 81 81 36 EBITA Special items 1) (€m) 2014 2015 Q1 Q2 Q3 Q4 FY Q1 EBITA reported 112 81 81 36 310 (41) therein: (41) OSRAM Push transformation costs (10) (34) (20) (66) (130) (184) Q1 Q2 Q3 Q4 Q1 incl. personnel restructuring FY14 FY14 FY14 FY14 FY15 Total Special items (11) (35) (23) (70) (139) (192) 1) Adjusted for special items (including e.g. transformation costs, spin-off-related costs, substantial legal and regulatory matters, acquisition related costs and costs related to changes in the managing board) 4 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
LED Lamps & Systems: Target reached Revenue and EBITA margin development Comments Q1 FY15 y-o-y (4.3) � Seasonally strong top-line (4.4) � Growth pace remained high with +65% (13.5) comparable (16.0) Adj. EBITA margin 1) (%) � Product group LED Lamps reached break-even (19.5) (20.3) � Reduced price decline, but currency headwinds EBITA (25.7) margin (%) 162 162 144 110 105 95 Revenue (€m) 72 68 65 48 Comp. 40 growth (%) Special items 1) Q1 Q2 Q3 Q4 Q1 Q1 FY14 Q1 FY15 FY14 FY 14 FY 14 FY 14 FY 15 EBITA reported (25) (7) therein: Nom. 42 35 60 72 70 (0) 0 growth (%) Total Special items 1) Adjusted for special items (including e.g. transformation costs, spin-off-related costs, substantial legal and regulatory matters, acquisition related costs and costs related to changes in the managing board) 5 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
Classic Lamps & Ballasts: Seasonally strong quarter Revenue and EBITA margin development Comments Q1 FY15 y-o-y 12.3 � Only 10% comparable revenue decline due to Adj. EBITA 11.4 11.8 9.0 margin 1) (%) exceptional strong halogen business and high 6.4 6.9 year-end customer demand 3.4 3.4 EBITA � CLB value initiative supported again stable (1.7) margin (%) prices � Adjusted EBITA margin below prior year (13.4) quarter mainly due to volume, partly 551 551 compensated by cost discipline compensated by cost discipline 515 505 476 435 � Positive FCF of €32m even though burdened by transformation cash-out Revenue (€m) Comp. growth (%) (8) (8) Special items 1) (10) (13) (14) Q1 FY14* Q1 FY15 Q1 Q2 Q3 Q4 Q1 EBITA reported 65 (68) FY14* FY 14* FY 14* FY 14* FY 15 therein: Nom. (13) (13) (19) (14) (8) (3) (125) growth (%) Total Special items 1) Adjusted for special items (including e.g. transformation costs, spin-off-related costs, substantial legal and regulatory matters, acquisition related costs and costs related to changes in the managing board) *) Figures shown reflect Prematerials integration into CLB 6 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
Luminaires & Solutions: Focus strategy affects top-line Revenue and EBITA margin development Comments Q1 FY15 y-o-y Adj. EBITA � Declining top-line due to focus measures (6.7) (7.0) margin 1) (%) (8.0) (8.6) mainly in NAFTA (9.1) (11.2) � Further increase of LED share to 58% up from (14.9) (16.1) 45% in prior year quarter EBITA margin (%) � EBITA margin expected to improve in 2nd half (24.7) of FY15 on increasing LED share and higher (25.9) revenue 135 135 124 111 110 101 Revenue (€m) Comp. growth (%) (6) Special items 1) (13) (19) (19) (20) Q1 FY14 Q1 FY15 Q1 Q2 Q3 Q4 Q1 EBITA reported (15) (10) FY14 FY 14 FY 14 FY 14 FY 15 therein: Nom. (9) (21) (16) (20) (17) (4) (2) growth (%) Total Special items 1) Adjusted for special items (including e.g. transformation costs, spin-off-related costs, substantial legal and regulatory matters, acquisition related costs and costs related to changes in the managing board) 7 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
Specialty Lighting: Again strong performance Revenue and EBITA margin development Comments Q1 FY15 y-o-y � 6% comparable growth: all regions, businesses and technologies increasing � Adjusted EBITA margin improved, including currency tailwinds Adj. EBITA 16.0 15.7 15.4 margin 1) (%) � Clay Paky successfully arrived at OSRAM – 14.9 15.3 14.9 14.4 14.9 business performance on track 14.1 13.7 EBITA margin (%) margin (%) 433 404 393 378 376 Revenue (€m) Comp. growth (%) 11 10 10 9 6 Special items 1) Q1 FY14* Q1 FY15 Q1 Q2 Q3 Q4 Q1 EBITA reported 58 64 FY14* FY14* FY14* FY14* FY15 therein: Nom. 5 7 5 9 15 (2) (5) growth (%) Total Special items 1) Adjusted for special items (including e.g. transformation costs, spin-off-related costs, substantial legal and regulatory matters, acquisition related costs and costs related to changes in the managing board) *) Figures shown reflect OLED integration into SP 8 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
Opto Semiconductors: Profitability remained on high level Revenue and EBITA margin development Comments Q1 FY15 y-o-y � Moderate comparable revenue growth 19.8 19.2 compared to exceptionally strong growth in prior year quarter 16.7 16.2 � All regions growing, main growth driver being EBITA industry business margin (%) � Y-o-y EBITA increase benefited from volume, 13.2 productivity and favorable product mix 299 299 295 295 � Prior year EBITA impacted by net €8.1m 286 270 270 expenses for legal matters and license income Revenue (€m) Comp. growth (%) 20 14 11 5 4 Q1 Q2 Q3 Q4 Q1 FY 14 FY 14 FY 14 FY 14 FY15 Nom. 17 12 2 11 9 growth (%) 9 OSRAM Licht AG Management Presentation Q1 FY15 (preliminary figures) | February 4, 2015
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