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 | ...

Financial Data and Key Metrics Changes - Q1 2022 net revenues were $3.55 billion, with a gross margin of 46.7%, exceeding the midpoint of the business outlook range [5] - Year-over-year revenue growth was 17.6%, with net income more than doubling to $747 million [6][10] - Q2 2022 revenue outlook is $3.75 billion, representing a year-over-year increase of 25.3% and a sequential increase of 5.8% [7][32] - Full year 2022 revenue guidance is between $14.8 billion and $15.3 billion, indicating a growth of approximately 16% to 20% [34] Business Line Data and Key Metrics Changes - ADG revenues increased by 20.5%, driven by double-digit growth in Automotive and Power Discrete [11] - MDG revenues grew by 35.2%, with strong performance in microcontrollers and RF Communications [11] - AMS revenues saw a slight increase of 0.4%, while imaging product sales decreased as expected [11] Market Data and Key Metrics Changes - Strong demand in the automotive market, with a backlog visibility exceeding 18 months [15][16] - Demand in industrial applications remained robust, particularly in factory automation and energy management [20] - Personal electronics demand aligned with seasonal trends, particularly for connected devices [27] Company Strategy and Development Direction - The company aims to invest $3.4 billion to $3.6 billion in CapEx for 2022 to increase production capacity and support strategic initiatives [33] - Focus on organic growth with a bolt-on acquisition strategy to enhance innovation and portfolio [98] Management's Comments on Operating Environment and Future Outlook - Management indicated that the revenue guidance is not due to demand conservatism but rather supply chain complexities [41][55] - Despite challenges from lockdowns, the company maintains strong booking levels and high inventory turns [66] - Management expects to maintain gross margins around 46% for the full year, despite potential headwinds from increased costs [46][95] Other Important Information - The company reported a net cash from operating activities increase of 38.6% to $945 million [13] - The company executed an $86 million share buyback and paid $49 million in dividends during the quarter [14] Q&A Session All Questions and Answers Question: Full year guidance and gross margin expectations - Management clarified that the revenue range is not related to demand conservatism but reflects supply chain loading and complexities [40][41] - Gross margin guidance for the full year is expected to be slightly above 45% [46] Question: Impact of lockdowns on revenue guidance - Management confirmed that the revenue guidance includes the impact of lockdowns, estimating a few tens of million dollars in top-line impact [49] Question: Growth by division in Q2 - ADG is expected to drive growth in Q2, while MDG is anticipated to remain flat or slightly down due to production interruptions [61] Question: Market share in microcontrollers - Management confirmed a market share above 20% in general purpose microcontrollers, driven by strong demand across various applications [105] Question: Gross margin drivers - Management indicated that pricing and product mix are key drivers of gross margin improvements [92][93] Question: M&A strategy - The company plans to focus on organic growth while considering bolt-on acquisitions to enhance innovation [98] Question: OpEx run rate for the year - The net operating expenses for Q2 are expected to range between $820 million to $830 million, with an increase in R&D efforts [103]

| --- | --- | |----------------------------------------------|-------| | | | | | | | | | | 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 ...

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 ...