Soitec reports FY’21 fourth quarter revenues

• In line with guidance, full-year FY’21 revenues were up 1% at constant exchange rates and perimeter¹ reaching €584m, (down 2% on a reported basis)

• Q4’21 revenues reached €181m, down 6% at constant exchange rates and perimeter^[1] versus record revenues in Q4’20 and up 23% versus Q3’21

• Q4’21 confirmed sequential quarter over quarter sales growth achieved throughout the fiscal year

• FY’21 Electronics EBITDA^[2] margin^[3] still expected around 30%

• FY’22 revenue guidance confirmed, with sales expected above $900m

Bernin (Grenoble), France, April 21^st, 2021 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced consolidated revenues of 180.7 million Euros for the fourth quarter of FY’21 (ended March 31^st, 2021), down 11.3% compared with the record level of 203.8 million Euros achieved in the fourth quarter of FY’20. This is the combination of a 6.2% decrease at constant exchange rates and a negative currency impact of 5.1%.

On a sequential basis, fourth quarter sales were up by 23.0% at constant exchange rates compared with the third quarter of FY’21, confirming the quarter-over-quarter sales increase that has been anticipated at the beginning of the fiscal year.

Paul Boudre, Soitec’s CEO, commented: “We finished the year in line with our guidance, succeeding in achieving a small growth of revenues at constant exchange rate despite the economic environment created by the health situation. We increased our sales quarter after quarter throughout the year, this fourth quarter being the second highest quarter ever achieved by Soitec, and, in the meantime, generated more balanced revenues from one quarter to another.

This strong performance bodes well for the future. We recovered our growth dynamic from our second fiscal quarter onward and we will pursue this trajectory in the next 12 months and beyond. We continued to recruit new talents and we are gradually adding production capacity to be able to meet growing customer demand. The innovative semiconductor materials are at the center of requirements driven by massive deployment of 5G platform and accelerating adoption of mega trends of car electrification and Artificial Intelligence.”

Fourth quarter FY’21 consolidated sales (unaudited)

^[1] At constant exchange rates and comparable scope of consolidation; scope effect only applies to Q1; it is related to the acquisition of EpiGaN N.V. in May 2019; there was no scope effect in Q2, Q3 and Q4; EpiGaN N.V. was renamed Soitec Belgium N.V. in July 2020; its revenues are included in the segment Royalties and other revenues.

^[2] The EBITDA represents the operating income (EBIT) before depreciation, amortization, non-monetary items related to share-based payments, and changes in provisions on current assets and provisions for risks and contingencies, excluding income on asset disposals. This alternative indicator of performance is a non-IFRS quantitative measure used to measure the company’s ability to generate cash from its operating activities. EBITDA is not defined by an IFRS standard and must not be considered an alternative to any other financial indicator.

^[3] Electronics EBITDA margin = EBITDA from continuing operations / Sales.

Analysts conference call to be held in English on Thursday 22^nd April at 8:00 am CET

To listen this conference call, the audiocast is available live and in replay at the following address: https://channel.royalcast.com/soitec/#!/soitec/20210422_1