The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ryan Aylward - Shorecliff Asset Management - Analyst
: Hey guys, thanks for the call. First one for me is on the automotive or on the optical semiconductor segment within autos that represents about a
billion dollars of annual sales. If I wanted to better understand kind of how the contribution of that sales base by geography breaks down.
How would I how could, how would you encourage me to think about that? Is it, does it map to just kind of the global auto sales or do you guys
have kind of over index to particular regions and reminded, this is I'm asking about where the consumer is ultimately purchasing the vehicle.
Question: Ryan Aylward - Shorecliff Asset Management - Analyst
: Okay, great. My second question is so the rebound or the kind of the path to free cash flow positive free cash flow in 2025.
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NOVEMBER 13, 2024 / 2:00PM, AMS.S - ams Osram AG Credit Investor Q&A Call
What right now, you know, the revenue of the business is, you know, the semis at least is kind of flat year over year in the last two quarters. What
is required in the end market growth? And from a revenue perspective, in order for you guys to actually achieve that free cash flow break even.
And what I'm trying to get is like how aggressively is the kind of the snap back in demand going to be need, you know, needs to happen for you
guys to see the free cash flow positive performance you expect.
Question: Ryan Aylward - Shorecliff Asset Management - Analyst
: Okay? That's great. And then one more clarification if I could you had mentioned you, you on this call, you're starting to pay back something starting
in 2026. I don't think I caught the full extent of that. Could you restate what that reference is.
Question: Ryan Aylward - Shorecliff Asset Management - Analyst
: Okay. So you guys got an upfront cash infusion from a customer and then the payback of that is a lower ASP on the--
Question: Ryan Aylward - Shorecliff Asset Management - Analyst
: Sure. Okay. Thank you.
Question: Benjamin Noisser - Robus Capital Management - Analyst
: Yeah, thank you. You mentioned earlier that you reduce your factoring your outstanding factoring due to the strong cash balance. Could you
elaborate a little bit more on that? So how much factoring is still being used? And what was it previously at the peak? What kind of lines you have
available there?
Question: Benjamin Noisser - Robus Capital Management - Analyst
: Okay. So EUR250 million is the amount outstanding as of right now roughly or end of Q3. And what was it at the peak? And what's the total availability
of all your lines?
Question: Benjamin Noisser - Robus Capital Management - Analyst
: And you mentioned you reduced it a lot in 2023 already.
Question: Benjamin Noisser - Robus Capital Management - Analyst
: So peak usage before the reduction 2023 was maybe north of EUR400 million or is that too much?
Question: Benjamin Noisser - Robus Capital Management - Analyst
: Yeah. Well, thank you.
Question: Nick Leeson - Barings Bank - Analyst
: Hey, guys, can you hear me?
Question: Nick Leeson - Barings Bank - Analyst
: I actually wanted to follow up on an earlier question. What's the auto's exposure by Europe, Asia and America? I didn't catch the answer.
Question: Nick Leeson - Barings Bank - Analyst
: Okay. And you didn't mention the US?
Question: Nick Leeson - Barings Bank - Analyst
: Okay. That's clear. And then I do have a second one. What's the RCF maturity? And are there any relevant conditions that we should be aware of
that might limit your access to the RCF?
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