Half-year results for FY 2015-2016

• Strong growth and improved profitability in Electronics
• Group current operating income in positive territory
• Group net result affected by losses from the shut down of the solar activities and net financial expenses
• Improved cash position
• Management actively working on strengthening the balance sheet

Bernin, France, November 18, 2015 – Soitec (Euronext Paris), a world leader in generating and manufacturing
revolutionary semiconductor materials, today announced its audited (limited half-year review) consolidated results
for the first six months of its 2015-2016 financial year.
“In the first half of FY 2015-2016, we achieved our sales growth targets in our core Electronics business together with a major
improvement in its profitability. As a result, Soitec recorded current operating income in positive territory”, said Paul Boudre,
Chairman and Chief Executive Officer of Soitec.
“Momentum in 200mm diameter wafer sales to the mobile and automotive markets remains strong. This growth is more than making
up for the decline in 300mm diameter wafers for PC and gaming applications. For the third quarter of FY 2015-2016, we are
reiterating our objective of sequential growth in Electronics sales of 5% at constant exchange rates. In addition, we are actively pursuing
the shut down of the Solar activities and continuing to assess various strategic options for the Lighting and Equipment activities.
Although we have improved our gross cash position in the first half, our equity remains at a low level. We continue to explore different
scenarios to strengthen our balance sheet”, he added.
For the first half of FY 2015-2016, Soitec reported consolidated sales of 110.9 million Euros, a rise of 56.6% on the
first six months of the previous financial year1, representing growth of 30% at constant exchange rates.
Since Soitec halted most of its activities in the solar energy sector during the first half, the corresponding results are
now recognized under discontinued operations below the operating income line

The Electronics business segment now contributes 98% of consolidated sales. The increase in Electronics sales lifted
the first-half gross margin to 24.0% (up from 4.9% in H1 FY 2014-2015).
A steep increase in subsidies recognized in the first half led to a 32.4% decline in net R&D expenses. Continuing
cost reduction efforts resulted in a 4.0% decline in selling, general and administrative expenses. Current operating
income totaled 3.0 million Euros, compared with a loss of 25.3 million in the first half of FY 2014-2015.
After 5.3 million Euros in non-recurring net operating expenses principally attributable to costs arising from the
reorganization of Soitec’s business portfolio, the operating loss stood at 2.3 million Euros, compared with a
loss of 26.8 million Euros in H1 FY 2014-2015.
The Group recorded net financial expense of 15.9 million Euros, compared with a charge of 7.4 million Euros in
H1 FY 2014-2015. While interest expenses remained stable at 9.0 million Euros, the deposit related to the bond issue
of the Touwsrivier solar power plant in South Africa has been subject to an additional provision of 5 million Euros,
in order to take account of the liquidation present value of this loan on the South African market. Furthermore,
Soitec recorded a net foreign exchange loss (loss of 2.0 million Euros caused by fluctuations in the US dollar),
compared with a net foreign exchange gain in H1 FY 2014-2015 (1.6 million Euros).
The net loss from discontinued operations came to 23.9 million Euros. This exclusively derived from the impact of
the fluctuation in the exchange rates. Indeed, the 23.6 million Euros in provisions for restructuring costs booked in
March 2015 accounts covered the net operating expenses.
Taking all these factors into account, Soitec recorded a net loss of 42.5 million Euros in the first half of the current
financial year, compared with a net loss of 82.4 million euros in H1 FY 2014-2015