Full Year 2023 ams Osram AG Earnings Press Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: STbastien Sztabowicz - Kepler Cheuvreux - Analyst : Yeah, hello, everyone, and thanks for taking my question. On inventory, do you have any kind of visibility on the level of inventory in your industrial and medical business. Just curious to understand where we are versus the normal level of inventory there? A second one is on the liquidity and the technology roadmap there. Could you help us understand what kind of progress have you made so far? And are you happy with the progress? And when do you expect to receive the first payment -- prepayment from your strategic partner there? Thank you.

Question: STbastien Sztabowicz - Kepler Cheuvreux - Analyst : And one question, if I may on the long-term opportunity on liquidity. Where do you see market by the end of the decade, we have seen some forecast from your -- forecasting your addressable market on $1.1 billion. Is this something that is making sense for you for the cheap and [wafer] my quality market by the end of the decade? Thank you.

Question: STbastien Sztabowicz - Kepler Cheuvreux - Analyst : Sure, thank you.

Question: Robert Sanders - Deutsche Bank - Analyst : Yeah, hi, good morning. Thanks for taking my question. And I guess the first one is on auto semis. You grew 10% year on year in Q4. I was just wondering if you think you can sort of maintain that trend growth in 24. That seems to be the underlying growth rate in your main addressable markets, you flagged China as being perhaps a little bit softer. So I was just wondering trying to understand if you think you can maintain that growth rate in '24, and then I've a follow-up.

Question: Robert Sanders - Deutsche Bank - Analyst : Great and just a follow up, just on the Tier one consumer sensing, when we haven't talked about that for a while. I was just wondering if you could just give us some idea of how material that would be in the second half, whether it's more than EUR100 million or less than EUR100 million or EUR50 million, just in the ballpark, just so we can use that in our model. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 09, 2024 / 9:30AM, AMS.S - Full Year 2023 ams Osram AG Earnings Press Conference

Question: Robert Sanders - Deutsche Bank - Analyst : You mean high double digit and low triple-digit, just to clarify?

Question: Sandeep Deshpande - JPMorgan Chase & Co - Analyst : Yeah, hi. I'm trying to understand I mean, I read your release, but I didn't fully hear the beginning. I'm sorry, I missed some part of the beginning, but you said that you've lost some share in the consumer market, but you mentioned in the beginning and there was some sockets that you're getting back, maybe you can help us understanding what socket you're getting back. And then can you talk about the wins in the industrial and medical market that help will, which you're expecting to help drive the improvement in the second half? Thank you.

Question: Sandeep Deshpande - JPMorgan Chase & Co - Analyst : Thank you.

Question: Jnrgen Wagner - Stifel Financial Corp. - Analyst : Yeah, good morning. Thank you for taking my question. You highlighted ramp-up costs for your new fab in Kulim. And that, can you quantify those? And how significant can the revenue contribution from that fab be in '25 and the second question would be when -- what is your best guess when would you expect to return to organic sales growth again? Thank you.

Question: Jnrgen Wagner - Stifel Financial Corp. - Analyst : Okay, understood. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 09, 2024 / 9:30AM, AMS.S - Full Year 2023 ams Osram AG Earnings Press Conference

Question: Daniel Lion - Erste Group - Analyst : Yeah, good morning. Thanks for letting me. I would have two. Maybe could you provide us with an update or little bit more insights on the sale process of the non-core assets is developing and or when would you expect to be able to provides may be (inaudible - microphone inaccessible) And the second would be on the unpaid small segment. As you have already hinted for improvements in the fourth quarter, Also this year next on the market expectations would be for the improvement, especially stronger focus on high end models? How would you expect this to play out from on your business in the course of the year? Thanks.

Question: Daniel Lion - Erste Group - Analyst : Okay. So would you expect some softening then late in the year, simply because? (multiple speaker)

Question: Jnrgen Wagner - Stifel Financial Corp. - Analyst : Perfect. Thanks.