STMicroelectronics NV (NYSE:STM) Q4 2022 Earnings Conference Call January 26, 2023 3:30 AM ET Company Participants Celine Berthier - Group VP, IR Jean-Marc Chery - President & CEO Lorenzo Grandi - President, Finance, Purchasing, ERM & Resilience and CFO Conference Call Participants Aleksander Peterc - Societe Generale Didier Scemama - Bank of America Merrill Lynch Francois Bouvignies - UBS Andrew Gardiner - Citigroup Sandeep Deshpande - JPMorgan Chase & Co. Operator Ladies and gentlemen, welcome to the STMi ...

STMicroelectronics N.V. (NYSE:STM) Q3 2022 Earnings Conference Call October 27, 2022 3:30 AM ET Company Participants Celine Berthier - Group Vice President and Head, Investor Relations Jean-Marc Chery - President and Chief Executive Officer Lorenzo Grandi - Chief Financial Officer Marco Cassis - President, Analog, MEMS and Sensor Group and Head, STMicroelectronics Strategy, System Research and Application and Innovation Office Conference Call Participants Jerome Ramel - BNP Paribas Exane Matt Ramsay - Cowen ...

| --- | --- | |----------------------------------------------|-------| | | | | | | | STMicroelectronics Q3 2022 Financial Results | | | October 27, 2022 | | | | | Forward looking information Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management's ...

Financial Data and Key Metrics Changes - Q2 2022 net revenues reached $3.84 billion, a year-over-year increase of 28.3% and a sequential increase of 8.2% [7][8] - Gross margin improved to 47.4%, up from 40.5% year-over-year, while operating margin increased to 26.2% from 16.3% [7][12] - Net income more than doubled to $867 million from $412 million, with diluted earnings per share rising to $0.92 from $0.44 [12] Business Line Data and Key Metrics Changes - ADG revenues increased by 35.1%, driven by growth in Automotive and Power Discrete [13] - AMS revenue grew by 11.3%, while MDG revenues increased by 39.5% [13] - Operating margins for ADG, AMS, and MDG improved to 24.7%, 23.8%, and 34% respectively, reflecting year-over-year expansions [13] Market Data and Key Metrics Changes - Demand in the automotive market remains strong, with backlog visibility exceeding 18 months [18] - In the industrial market, strong demand is driven by digitalization and energy management trends [23] - Consumer electronics and PC markets show signs of softening, but demand for targeted ST products remains robust [17] Company Strategy and Development Direction - The company plans to drive full-year 2022 revenues between $15.9 billion and $16.2 billion, representing growth of about 25% to 27% [32] - A new semiconductor manufacturing facility is being developed in collaboration with GlobalFoundries, aimed at supporting the company's $20 billion revenue ambition [33][34] - The focus remains on high-growth areas such as smart mobility, power and energy management, and IoT connectivity [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in securing supply chains and increasing manufacturing capacity, anticipating a production value increase of 12.5% in Q3 [41] - The company noted that while there are signs of softening in certain markets, overall demand remains strong, particularly in automotive and industrial sectors [64] - Management expects stable pricing in the mass market, with some price increases in automotive due to high demand [73] Other Important Information - The company paid $54 million in cash dividends and executed $87 million in share buybacks during Q2 [15] - Net cash from operating activities increased to $1.06 billion, with trailing 12-month cash flow totaling $3.78 billion [14] Q&A Session Summary Question: Full year guidance upgrade and revenue sources - Management indicated that improved supply chain visibility and favorable pricing contributed to the revenue guidance upgrade for the year [41][42] Question: Growth by division and fourth quarter seasonality - AMS is expected to be the main growth driver in Q3, followed by ADG and MDG, with seasonality effects noted for Personal Electronics [50][52] Question: Confidence in order cancellations and pricing visibility - Management stated that the backlog covers 18 to 24 months of planned capacity, indicating strong order visibility [61][62] Question: Pricing dynamics and market differences - Pricing increases are more pronounced in mass markets and automotive, while Personal Electronics pricing remains stable [73][74] Question: Impact of major customer contracts on future performance - Management dismissed concerns about losing major contracts, emphasizing strong backlog and order visibility [112]

Financial Performance Highlights - STMicroelectronics' Q2 2022 net revenues reached $3.84 billion, a 28.3% year-over-year increase and an 8.2% quarter-over-quarter increase[8] - The company's Q2 2022 gross margin was 47.4%, up from 40.5% in Q2 2021[8] - Q2 2022 net income doubled year-over-year to $867 million[8] - H1 2022 net revenues increased 22.9% year-over-year to $7.38 billion[8] - H1 2022 net income was $1.61 billion[8] Q3 2022 Outlook - The company projects Q3 2022 net revenues of $4.24 billion, representing a 32.6% year-over-year increase and a 10.5% quarter-over-quarter increase at the mid-point[8] - Gross margin for Q3 2022 is expected to be approximately 47.0% at the mid-point[8] FY 2022 Plan - The company is now driving the Company based on a plan for FY22 revenues in the range of $15.9 billion to $16.2 billion, with a gross margin of about 47.0%[8] - The company confirms its 2022 capex investment of $3.4 billion to $3.6 billion[76] Capital Structure - The company's liquidity stands at $4.249 billion[52] - The company's net financial position is $924 million[52]

| --- | --- | --- | --- | |-------|-------|-------------------------------------------------------------------------------------------------------|-------| | | | | | | | | Leverage and accelerate for continued sustainable profitable growth Jean-Marc Chery President & CEO | | Our value proposition for all stakeholders | --- | --- | --- | |------------------------------------------|---------------------------------------------|-------------------------------------------------| | | | | | For our shareholders | ...

STMicroelectronics N.V. (NYSE:STM) Q1 2022 Earnings Conference Call April 27, 2022 3:30 AM ET Company Participants Celine Berthier - Group Vice President Head of Investor Relations Jean-Marc Chery - President & Chief Executive Officer Lorenzo Grandi - President & Chief Financial Officer Conference Call Participants Didier Scemama - Bank of America Matt Ramsay - Cowen Andrew Gardiner - Citi Jerome Ramel - BNP Paribas Exane Janardan Menon - Jefferies Sandeep Deshpande - JPMorgan Johannes Schaller - Deutsche B ...

| --- | --- | |----------------------------------------------|-------| | | | | | | | | | | STMicroelectronics Q1 2022 Financial Results | | | April 27, 2022 | | | | | Forward looking information Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on manageme ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

| --- | --- | |---------------------------------------------------|-------| | | | | | | | | | | STMicroelectronics Q4 & FY 2021 Financial Results | | | January 27, 2022 | | Forward looking information Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on ma ...