STMicroelectronics NV (NYSE:STM) Q4 2021 Earnings Conference Call January 27, 2022 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 Matthew Ramsay - Cowen and Company Alexander Duval - Goldman Sachs Group Sébastien Sztabowicz - Kepler Cheuvreux Francois Bouvignies - UBS Jerome Ramel - BNP Paribas Exane Operator Ladies and ...

Q3 2021 Financial Performance - Net revenues reached $3.20 billion, a 6.9% increase Q/Q and a 19.9% increase Y/Y[7] - Gross margin was 41.6%, exceeding the mid-point by 60 basis points[7] - Operating margin improved Y/Y from 12.3% to 18.9%, and net income nearly doubled Y/Y to $474 million[7] - Free cash flow was $420 million, following net capital expenditure payments of $437 million[7] 9M 2021 Financial Performance - Net revenues increased 31.8% Y/Y to $9.20 billion, with growth in all product groups except RF Communications[7] - Operating margin was 16.7% and net income reached $1.25 billion[7] Q4 2021 Outlook - The mid-point outlook for net revenues is $3.40 billion, representing a 5.1% Y/Y and 6.3% Q/Q increase[7] - Gross margin is expected to be about 43.0% at the mid-point[7] FY 2021 Expectations - Net revenues are now expected to be about $12.6 billion, translating into 23.3% Y/Y growth at the mid-point[7] - The FY21 CAPEX investment plan remains unchanged at about $2.1 billion[7]

STMicroelectronics N.V. (NYSE:STM) Q3 2021 Earnings Conference Call October 28, 2021 3:30 AM ET Company Participants Jean Marc Chery – CEO Lorenzo Grandi – CFO Celine Berthier – Vice President, Investor Relations Marco Cassis – President of Sales, Marketing Conference Call Participants Stephane Houri – OODO Matt Ramsay – Cowen Johannes Schaller – Deutsche Bank Didier Scemama – Bank of America Jerome Ramel – Analyst Francois Bouvignies – UBS Sandeep Deshpande – JPMorgan Operator Ladies and gentlemen, welcome ...

Financial Data and Key Metrics Changes - Net revenues grew 43.4% year-over-year to $2.99 billion, with a gross margin of 40.5% and an operating margin of 16.3%, improving from 35% and 5.1% respectively [7][11] - Net income rose to $412 million, with H1 2021 net revenues increasing 39.1% year-over-year to $6.01 billion [8][11] - For Q3 2021, net revenues are expected to be about $3.2 billion, representing a 20% year-over-year increase and a 7% sequential increase [8][34] - Full year 2021 revenue guidance is now set at approximately $12.5 billion, a year-over-year increase of 22.3% [9][36] Business Line Data and Key Metrics Changes - All product groups registered double-digit growth, with ADG revenues increasing 48.2%, AMS revenues up 62.3%, and MDG revenues rising 22.3% [12] - ADG operating margin improved to 9.5% from 2.3%, AMS operating margin increased to 18.6% from 9%, and MDG operating margin rose to 22.9% from 15.9% [12] Market Data and Key Metrics Changes - Strong demand was noted across all verticals, with bookings in the Automotive vertical covering about 18 months of demand [17] - The Personal Electronics market saw strong demand for smartphones and connected devices, with significant design wins in flagship devices [29] Company Strategy and Development Direction - The company plans to invest about $2.1 billion in CapEx to support strong market demand and strategic initiatives, including increasing manufacturing capacity [9][35] - Focus on electrification and digitalization trends in the automotive sector, with strategic partnerships to supply advanced power semiconductors for electric vehicles [18][20] Management's Comments on Operating Environment and Future Outlook - Management highlighted the ongoing challenges posed by COVID-19, particularly in Asia, but noted strong demand and a positive pricing environment [15][16] - The company expressed confidence in maintaining strong growth dynamics across all end markets and adapting supply chains to meet demand [36] Other Important Information - The company announced a new share buyback program of up to $1.04 billion to be executed over three years [14] - Net cash from operating activities increased to $602 million, with free cash flow rising to $125 million [13] Q&A Session Summary Question: Revenue guidance upgrade drivers - Management indicated that the revenue guidance increase is driven by a combination of higher volumes and improved pricing environment [40][42] Question: Seasonal patterns in divisions - Management noted that the revenue profile for Personal Electronics is different this year due to last year's COVID impact, leading to stronger seasonality [54] Question: Visibility for 2022 - Orders are booked extending 18 months, covering the whole of 2022, with demand exceeding planned capacity [65][67] Question: Microcontroller business growth and risks - Management is monitoring inventory levels and believes there is no risk of oversupply in microcontrollers due to ongoing shortages [73] Question: CapEx spending details - The raised CapEx is primarily for global capacity increase, including test, assembly, and wafer fab [74] Question: Pricing environment and gross margin outlook - Management confirmed a positive pricing environment contributing to gross margin improvements, with expectations to maintain margins [96][103] Question: Automotive supply agreements and market dynamics - Management discussed the transformation in the automotive industry, emphasizing the importance of partnerships with both Tier 1 suppliers and OEMs [106][107] Question: Silicon carbide production timeline - Mass production for silicon carbide is expected to ramp up in 2023, with significant cost reduction programs in place [112]

| --- | --- | |----------------------------------------------|-------| | | | | | | | STMicroelectronics Q2 2021 Financial Results | | | July 29, 2021 | | 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 current ...

STMicroelectronics NV (NYSE:STM) Q1 2021 Earnings Conference Call April 29, 2021 3:30 AM ET Company Participants Celine Berthier - Group Vice President, Investor Relations Jean-Marc Chery - President and Chief Executive Officer Lorenzo Grandi - President, Finance, Infrastructure and Services and Chief Financial Officer Marco Cassis - President, Sales, Marketing, Communications and Strategy Development Conference Call Participants Alexander Peterc - Societe Generale Dominik Olszewski - Morgan Stanley Stephan ...

| --- | --- | |----------------------------------------------|-------| | | | | | | | STMicroelectronics Q1 2021 Financial Results | | | April 29, 2021 | | 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 current ...

Table of Contents As filed with the Securities and Exchange Commission on February 24, 2021 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, 2020 OR (Translation of registrant's name into English) WTC Schiphol Airport Schiphol Boulevard 265 1118 BH Schi ...

STMicroelectronics NV (NYSE:STM) Q4 2020 Results Conference Call January 28, 2021 3:30 AM ET Company Participants Celine Berthier - Group VP, IR Jean-Marc Chery - President and CEO Lorenzo Grandi - President, Finance, Infrastructure and Services and CFO Marco Cassis - President, Sales, Marketing, Communications and Strategy Development Conference Call Participants Andrew Gardiner - Barclays Jerome Ramel - Exane BNP Paribas Matt Ramsay - Cowen Sandeep Deshpande - JP Morgan Stephane Houri - ODDO David Mulholl ...

Financial Performance Highlights - Q4 2020 net revenues reached $3.24 billion, a 21.3% sequential increase, exceeding the high end of the outlook by 580 bps[7] - The gross margin for Q4 2020 was 38.8%, 30 bps above the midpoint of the projected range[7] - FY 2020 net revenues increased by 6.9% to $10.22 billion, driven by stronger than expected demand in the second half of the year[7] - FY 2020 gross margin was 37.1%, with a net income of $1.1 billion[7] Outlook and Strategy - Q1 2021 net revenues are projected to be $2.93 billion, representing a 31.2% year-over-year increase[7] - The gross margin for Q1 2021 is expected to be approximately 38.5%[7] - The company plans for solid revenue growth in FY 2021, outperforming the markets it serves[7] - Capital expenditures for FY 2021 are planned between $1.8 billion and $2 billion to meet market demand and advance strategic initiatives[77] Financial Position - The company's net financial position was $1.1 billion[7] - Free cash flow for FY 2020 was $627 million, including CAPEX of $1.28 billion[7]