Elmos Semiconductor SE

Quarterly Report • Nov 6, 2012

Asia is an important growth market for ELMOS. To cross the bridge between Germany and China successfully requires a lot of product know-how and cultural empathy. That's my job. After my training at ELMOS I decided to go to university and to keep working at ELMOS on the side. Following my direct job entry and a stint at our Californian subsidiary, I am now able to share the full range of my knowledge and skills in my job as process engineer. Recruitment will increasingly gain in importance in the future. It is my goal to shape the advanced training of our current and future employees in such a way that we will continue our success in the market. ELMOS gives me the opportunity to keep developing as a professional. As manager of module process analysis, I have my share of responsibility for the quality of our products and processes. This daily challenge makes my job tremendously exciting. Even today, balancing family and a career is not an easy thing to accomplish. I love to see how initial rough drafts turn into real products. So, whenever I go to the customer with a product, I know how much heart and soul has been put into it. With flexible working hours and a consideration of individual needs, ELMOS provides an exciting working environment, enabling me to join my team in pushing our research activities. Job training, extra-occupational studies and a stay abroad – all this I have achieved with ELMOS. Now, after earning my graduate degree, I will have my part in developing the energy saving products of tomorrow. This is how I am making my contribution at ELMOS to creating a promising future, both for myself and for society. We at ELMOS always want to develop the best solution for the customer. It requires specialist know-how to set ourselves apart from the market through chip size, functionality, and reliability. This is what we aim for every single day. As an automotive semiconductor specialist, ELMOS has high quality awareness. As project manager, I pay attention to meeting the targets of our customers and giving them 100% satisfaction at each and very step. The positive feedback proves that ELMOS is doing a good job. I have helped create the future of our ELMOS motor drivers for many years now. At ELMOS I study the basics of IT and apply them on the job. This allows me to make a career of my hobby. And the casual working environment makes my training just as much fun as my hobby does. Interesting assignments, nice colleagues, and the opportunity to bring new ideas to life: That describes what I do in production at ELMOS. After completing my training, I am now responsible for the reliable manufacturing of our products as an operator. Ten years ago, I started my career in production in Dortmund. In 2006 I took charge of process engineering at our subsidiary in California. The eleven members of my team originally hail from the U.S., India, China, Vietnam, and several European countries. I enjoy managing such a diversity of products and cultures. INTERIM REPORT Q3 2012 After my training at ELMOS I decided to go to university and to keep working at ELMOS on the

Overview

In focus

• -> Weak automotive industry affects semiconductor sales
• -> Cost cutting measures remain effective
• -> Asia and U.S.A. show positive development over nine-month period 2012
• -> Slight sales increase expected for Q4 2012 as compared to previous quarter
• -> Outlook: Sales 2012 slightly above 180 million Euro

Key figures		3rd quarter		9 months
in million Euro or percent unless otherwise indicated	7/1 – 9/30/2012	7/1 – 9/30/2011	Change	1/1 – 9/30/2012	1/1 – 9/30/2011	Change
Sales	43.3	48.0	–9.9%	135.7	145.3	–6.6%
Semiconductor	38.7	43.7	–11.4%	121.2	132.6	–8.6%
Micromechanics	4.6	4.3	5.6%	14.4	12.7	13.9%
Gross profit	18.3	23.1	–20.9%	54.5	66.2	–17.6%
in percent of sales	42.2%	48.1%		40.2%	45.6%
R&D expenses	8.9	8.3	7.2%	26.8	24.9	7.8%
in percent of sales	20.7%	17.4%		19.8%	17.1%
Operating income before other operating expenses/(income)	1.3	6.3	–78.6%	2.4	17.1	–86.1%
in percent of sales	3.1%	13.0%		1.8%	11.8%
Exchange rate losses/(gains)	0.2	–0.1	n/a	0.2	–0.2	n/a
Other operating expenses/(income)	–0.3	–0.6	–51.9%	–3.5	–1.7	>100.0%
EBIT	1.4	6.9	–79.3%	5.7	19.1	–69.9%
in percent of sales	3.3%	14.5%		4.2%	13.1%
Net income for the period after non-controlling interests	1.0	5.3	–81.0%	4.5	13.8	–67.1%
in percent of sales	2.3%	11.0%		3.3%	9.5%
Basic earnings per share in Euro	0.05	0.27	–81.2%	0.23	0.71	–67.2%
Operating cash flow	7.8	8.61	–8.8%	12.8	25.91	–50.5%
Capital expenditures for intangible assets and property, plant and equipment	4.7	2.0	>100.0%	13.0	13.3	–2.5%
in percent of sales	10.8%	4.3%		9.6%	9.2%
Free cash flow2	7.6	1.0	>100.0%	1.4	2.3	–40.1%
Adjusted free cash flow3	3.2	3.6	–12.6%	–0.1	9.7	n/a

in million Euro or percent unless otherwise indicated	9/30/2012	12/31/2011	Change
Equity	187.3	187.9	–0.3%
in percent of total assets	69.8%	69.6%
Employees (reporting date)	1,037	1,014	2.3%

1 For adjustment of prior-year amounts, please refer to note 1 in the condensed notes to the consolidated financial statements ² Cash flow from operating activities less cash flow from

investing activities

³ Cash flow from operating activities less capital expenditures for intangible assets and property, plant and equipment, less payments for investments, plus disposal of investments

Due to calculation processes, tables and references may produce rounding differences from the mathematically exact values (monetary units, percentage statements, etc.).

Interim group management report

Course of business

Sales development and order situation

ELMOS Semiconductor AG generated sales of 135.7 million Euro in the first nine months of 2012. Compared to the prioryear period, this equals a 6.6% decrease (9M 2011: 145.3 million Euro). Weaker sales reflect the continuing weakness of the entire European automotive industry which has caught up with premium carmakers in the meantime, too. In addition to that, ELMOS sales of the first nine months of the year 2012 are affected by customers' product generation changes.

Sales for the quarter went down 9.9% to 43.3 million Euro year-over-year, compared to the third quarter of 2011 (Q3 2011: 48.0 million Euro).

Sales of the semiconductor business which focuses on the auto industry dropped 8.6% to 121.2 million Euro (9M 2011: 132.6 million Euro). The stronger U.S. dollar as compared to the prior-year period contributed to the fact that the significantly smaller micromechanics segment managed to increase sales in the nine-month reporting period year-over-year by 13.9% to 14.4 million Euro (9M 2011: 12.7 million Euro).

The group's regional breakdown of sales keeps showing the weakness of the European automotive industry. While sales

generated with customers in Europe went on a decline, Asia and U.S.A. gained 12.2% and 14.2%, respectively, over the first nine months of 2012 compared to the prior-year period.

The order receipt continues to be determined by the uncertain general economic conditions. The relation of orders received to sales, the so-called book-to-bill, was slightly above one at the end of the third quarter of 2012, essentially due to ramp-ups of the fourth quarter 2012 and the order backlog connected to them.

Third-party sales	1/1 – 9/30/2012 thousand Euro	in percent of sales	1/1 – 9/30/2011 thousand Euro	in percent of sales	Change
Germany	40,211	29.6%	52,199	35.9%	–23.0%
Other EU countries	45,412	33.5%	48,007	33.1%	–5.4%
U.S.A.	12,808	9.4%	11,217	7.7%	14.2%
Asia/Pacific	26,961	19.9%	24,030	16.5%	12.2%
Others	10,275	7.6%	9,866	6.8%	4.1%
Group sales	135,667	100.0%	145,319	100.0%	–6.6%

Profit situation, finances and asset situation

The cost of sales amounted to 81.1 million Euro in the first nine months of 2012 and thus turned out 2.6% above the value recorded for the prior-year period (9M 2011: 79.1 million Euro). This increase is primarily accounted for by assembly costs which increased over the first half-year 2012, higher expenses than scheduled for the 8-inch conversion in production, and higher energy costs. The gross profit of 54.5 million Euro equaled a gross margin of 40.2% in the reporting period, compared to 45.6% for the first nine months of 2011 (gross profit 9M 2011: 66.2 million Euro). This decrease is on the one hand the result of the higher cost of sales and on the other hand caused by under-utilization in production.

Due to the moderate sales figures, cost cutting measures were initiated in the second quarter of 2012. The targeted savings include elaborate measures affecting all areas, particularly those in or associated with production. An improvement in the cost of sales is noticeable quarter by quarter in the year 2012 so that the gross margin, despite lower sales by 2.2 million Euro or 4.9% compared to the second quarter 2012, climbed to 42.2% in the third quarter 2012 (Q2 2012: 39.6%). This performance is attributable to the success of the cost cutting program and a comparable production output level in spite of lower sales.

The cost cutting program also shows its effect on functional costs of the third quarter 2012; they were reduced in comparison to the first two quarters of 2012 (Q1 2012: 17.6 million Euro; Q2 2012: 17.7 million Euro) to 16.9 million Euro.

Research and development efforts were increased as scheduled for the first nine months of 2012 and amounted to 26.8 million Euro compared to 24.9 million Euro in the prior-year period. The R&D expense ratio climbed from 17.1% in the prior-year period to 19.8% in the reporting period, partly due to lower sales. This increase is attributable to two key aspects: first of all additional staff in design and second of all the full consolidation of the interest in MAZ Mikroelektronik-Anwendungszentrum GmbH im Land Brandenburg, Berlin (MAZ), acquired in 2011, which has been effective since April 1, 2012.

Sales expenses also picked up in the first nine months of 2012 essentially due to the establishment and development of the new Asian locations by 16.2% to 13.1 million Euro (9M 2011: 11.3 million Euro). General administrative expenses were even declining as a consequence of the cost cutting measures applied and came to 12.2 million Euro compared to 12.9 million Euro in the prior-year period.

Due to the increase of functional costs over the nine-month period, the operating income went down, disproportionately to the gross margin year-over-year, from 17.1 million Euro in the first nine months of 2011 to 2.4 million Euro in the reporting period.

Earnings before interest and taxes (EBIT) dropped from 19.1 million Euro in the prior-year period to 5.7 million Euro in the first nine months of 2012. Other operating income accounted for in the EBIT include the amount of 1.8 million Euro from the revaluation of the former interest in MAZ due to its firsttime consolidation. The EBIT margin of the reporting period was 4.2% (9M 2011: 13.1%).

With respect to the segments, profitability of the significantly smaller micromechanics business is higher than in the semiconductor segment on account of the positive sales performance and therefore higher utilization of capacity in micromechanics. The profit margin of the micromechanics segment thus reached a value of 12.6% for the reporting period, compared to a margin of 3.2% in the semiconductor segment.

The consolidated net income attributable to owners of the parent amounted to 4.5 million Euro, equivalent to earnings per share of 0.23 Euro (9M 2011: 13.8 million Euro or 0.71 Euro). The low tax rate of 11.9% is accounted for among other factors by the non-taxable profit from the revaluation of the former interest in MAZ due to this entity's first-time consolidation.

The operating cash flow came to 12.8 million Euro in the reporting period (9M 2011: 25.9 million Euro). This year-overyear decline is accounted for by the following effects: 1. lower consolidated net income by 9.3 million Euro, 2. non-cash income of 2.5 million Euro in the reporting period vs. noncash expense of 3.2 million Euro in the prior-year period, and 3. a 4.8 million Euro higher decrease in trade payables. These downward trends were cushioned by more favorable developments in terms of cash recorded for trade receivables and inventories.

Capital expenditures for intangible assets and property, plant and equipment amounted to 13.0 million Euro in the first nine months of 2012 (9M 2011: 13.3 million Euro), equivalent to 9.6% of sales (9M 2011: 9.2% of sales). The adjusted free cash flow (cash flow from operating activities less capital expenditures for intangible assets and property, plant and equipment less payments for investments plus disposal of investments) came to –0.1 million Euro (9M 2011: 9.7 million Euro). The considerably increased operating cash flow compared to the previous quarters, rising to 7.8 million Euro in the third quarter 2012 (Q1 2012: 0.5 million Euro and Q2 2012: 4.5 million Euro), resulted in a significant improvement of the adjusted free cash flow to 3.2 million Euro in the third quarter 2012, leading to an almost balanced situation of the adjusted free cash flow based on nine months 2012.

Compared to December 31, 2011, liquid assets and acquired securities dropped slightly to 73.4 million Euro (December 31, 2011: 76.5 million Euro). Net cash thus went down to 32.7 million Euro (December 31, 2011: 35.7 million Euro). The equity ratio remained stable at 69.8% as of September 30, 2012 (December 31, 2011: 69.6%).

Economic environment

The continuing weakness of the market in Western Europe has considerable effects on the global auto market of the first nine months of 2012. In this period 9.15 million new cars were sold in Western Europe, equivalent to a 7.6% decline. This number has been reported by the European Automobile Manufacturers' Association (ACEA). Among the important EU markets Great Britain alone showed a positive performance (+4.3%); contrary to that, Germany (–1.8%), Spain (–11.0%), France (–13.8%), and Italy (–20.5%) suffered a partly drastic collapse in demand, according to the ACEA.

The U.S. market is in stable condition and gained roughly 15% from January to September to close to 10.9 million units. In China, the number of new registrations rose to 9.6 million, an 8% increase over the prior-year period, according to the German Association of the Automotive Industry (VDA). The sale of new cars in Japan grew by roughly 41% over the first nine months compared to the prior-year period (3.7 million passenger cars). However, catch-up effects as a consequence of past year's natural catastrophe must still be considered for this market. Furthermore, a considerable slowdown of the automotive market has already become noticeable here as well. According to the VDA, car sales in Japan went down by 4% in September 2012 year-on-year.

Significant events

Dr. Anton Mindl, CEO, and Nicolaus Graf von Luckner, CFO, explained the 2011 annual result within the framework of the annual press conference and the analysts' conference held on March 15, 2012.

In March 2012, ELMOS released an updated edition of its standard product catalog, featuring 16 new entries and some 100 products altogether. After the reporting period, a new version of the product catalog was released in October, featuring roughly 110 ICs.

On May 8, 2012 the 13th Annual General Meeting decided a dividend increase by 25% to 0.25 Euro per share. The General Meeting is available as webcast (www.elmos.com/investorrelations/hauptversammlung).

Moreover, among the news announced were the following:

• -> Milestone reached: ELMOS has delivered 5 million FlexRay™ components
• -> Trade show presence: ELMOS at "electronica China 2012" in Shanghai
• -> Full consolidation of MAZ since April 1, 2012
• -> Sensors: ELMOS introduces flexible, digital PIR controller circuit
• -> Home automation: New, flexible KNX/EIB transceiver
• -> Stepper motor driver with stalling detection and LIN interface
• -> Smoke detector IC with bus interface
• -> Sensor system allows for contactless high-precision current measurement
• -> New VW Golf VII with ELMOS proximity sensorics
• -> ELMOS decides share buyback
• -> The world's first dual FlexRay™ star coupler

You can find the detailed press releases at www.elmos.com.

Other disclosures Staff development

As of September 30, 2012 the ELMOS Group had 1,037 employees. Compared to December 31, 2011 (1,014 employees) this number is slightly higher (2.3%). This increase is essentially attributable to the full consolidation of MAZ.

Staff development ELMOS Group

ELMOS share

The strong uncertainty caused by economic crises, particularly in the European countries, has led to high volatility in the stock markets. Most indices came up with positive performances on the whole (DAX 22.3%, TecDAX 18.2%, Technology All Share 17.0%; DAX Sector Technology –6.5%) while semiconductor stocks were under pressure for the most part. The ELMOS share managed to regain some of its value in the third quarter of 2012 by going up 14.0% in this period so that the price loss suffered since the beginning of the year was limited to 7.1%.

The ELMOS share closed at 7.40 Euro on September 30, 2012. Market capitalization at that time amounted to 144.9 million Euro (based on 19.6 million shares outstanding). The share reached its high on February 9, 2012 at 9.54 Euro and its low on August 8, 2012 at 5.86 Euro (Xetra closing prices all). The average daily trading volume was 24.7 thousand shares over the first nine months of 2012 (Xetra and Frankfurt floor), thus indicating a moderate upward trend again, compared to the first half-year 2012 (22.8 thousand shares), yet still falling short of the 2011 average (46.5 thousand shares).

Altogether 179,050 stock options were exercised in the first nine months of 2012, originating from the stock option plan of the 2009 tranche. Thus the number of ELMOS shares outstanding is 19,593,255 as of September 30, 2012. On August 22, 2012 ELMOS Semiconductor AG decided on a share buyback program with a maximum volume of 400,000 shares and started buying back shares at the end of August. Together with the treasury shares previously held, ELMOS holds 135,544 treasury shares as of September 30, 2012.

Company boards Supervisory Board

Prof. Dr. Günter Zimmer, chairman Graduate physicist | Duisburg

Dr. Burkhard Dreher, deputy chairman Graduate economist | Dortmund

Dr. Klaus Egger Graduate engineer | Steyr-Gleink, Austria

Thomas Lehner Graduate engineer | Dortmund

Sven-Olaf Schellenberg Graduate physicist | Dortmund

Dr. Klaus Weyer Graduate physicist | Penzberg

Management Board

Dr. Anton Mindl, chairman Graduate physicist | Lüdenscheid

Nicolaus Graf von Luckner Graduate economist | Oberursel

Reinhard Senf Graduate engineer | Iserlohn

Dr. Peter Geiselhart, since January 1, 2012 Graduate physicist | Ettlingen

Jürgen Höllisch, until February 29, 2012 Engineer | Purbach, Austria

Outlook Opportunities and risks

Risk management and the individual corporate risks and opportunities are described in our Annual Report 2011. Over the first nine months of 2012, no material changes of the company's risks and opportunities as detailed therein have occurred. No risks are visible at present that could either separately or collectively jeopardize the company's continued existence.

Economic framework

The general economic conditions for the rest of 2012 continue to be determined by imponderables and have become worse in comparison with the situation of a few months ago. While the premium car manufacturers were optimistic at the beginning of the year 2012, their business shows the effects of the euro crisis now as well. The further development of the global and regional crises, the currently difficult situation in the euro member states as well as the political situation in countries of the Middle East, remains impossible to predict so far, and the same applies for the further market development in China. The corresponding additional effects on the sales markets and the financial and raw materials markets are hard to assess.

The President of the German Association of the Automotive Industry (VDA), Matthias Wissmann, gives a moderate description of the market situation: "Germany's carmakers are currently adjusting the production of new cars to a weaker demand which is noticeable especially in parts of Western Europe. By doing this, they are looking forward. The economic headwind is gaining strength." One among several indicators of a difficult market situation is the number of "tactical" registrations (e.g. one-day registrations). At present, roughly one third of all new cars are sold in Germany by resorting to oneday registrations or similar instruments, thus exceeding the 2007 peak, according to a survey provided by Center Automotive Research (CAR) at the University of Duisburg-Essen.

Outlook for the ELMOS Group

Even though ELMOS has managed to assume a good starting position on account of its solid financial foundation and large customer base, the company remains dependent on the global economic framework. We have been observing considerable caution among our customers as a result of the economic uncertainty. Most strongly affected by the uncertainty of the markets are currently products installed in non-premium cars for the European market. This weakness is spreading increasingly to affect other areas as well. The cautiousness of the automotive customers clearly shows in the slack sales of the semiconductor segment and in the regional distribution of sales with respect to the countries of Europe.

Customers indicate optimism regarding the mid-term potential of new projects. Development of many new projects has already started in 2012. They will make a positive contribution to the sales performance in the medium term. We are convinced that ELMOS has the right products in its portfolio and in development to raise sales, and thus earnings as well, to a higher level.

Because of product ramp-ups ELMOS expects a slight sales increase in Q4 2012 compared to the previous quarter. Due to the weak economic development in the course of the year, emphasized particularly during the last few weeks, ELMOS now anticipates sales slightly above 180 million Euro for the full year 2012. The cost cutting program will be continued. An EBIT margin of roughly 6% is expected for 2012. Capital expenditures are budgeted to come to less than 15% of sales. The adjusted free cash flow will be positive.

In the medium and long term, ELMOS will benefit from the global megatrends: increasing urbanization, more renewable energy sources (and dealing with energy in general in the most efficient way), and more as well as environmentally sound mobility. To all these dynamically growing market segments, ELMOS will make important contributions.

Interim consolidated financial statements

Condensed consolidated statement of fi nancial position

Assets	9/30/2012 thousand Euro	12/31/2011 thousand Euro
Non-current assets
Intangible assets*	31,152	29,240
Property, plant and equipment*	72,995	71,770
Investments in associates	0	0
Securities*	6,043	8,346
Investments*	3,920	3,917
Other fi nancial assets*	1,608	1,630
Deferred tax assets	3,158	3,579
Total non-current assets	118,877	118,482
Current assets
Inventories*	40,183	39,951
Trade receivables	27,212	28,714
Securities	11,364	9,102
Other fi nancial assets	5,959	4,837
Other receivables	6,496	6,499
Income tax assets	2,248	2,989
Cash and cash equivalents	55,954	59,002
	149,416	151,094
Non-current assets held for sale	95	338
Total current assets	149,511	151,432
Total assets	268,389	269,914

* Cf. note 3

Equity and liabilities	9/30/2012 thousand Euro	12/31/2011 thousand Euro
Equity
Equity attributable to owners of the parent
Share capital*	19,594	19,414
Treasury stock*	– 136	–106
Additional paid-in capital	89,045	88,516
Surplus reserve	102	102
Other equity components	–2,532	–2,064
Retained earnings	78,768	81,450
	184,841	187,312
Non-controlling interests	2,484	633
Total equity	187,325	187,945
Liabilities
Non-current liabilities
Provisions	98	243
Financial liabilities	426	30,235
Other liabilities	3,581	1,540
Deferred tax liabilities	3,841	3,994
Total non-current liabilities	7,946	36,012
Current liabilities
Provisions	11,087	9,376
Income tax liabilities	2,605	2,006
Financial liabilities	40,259	10,496
Trade payables	15,885	21,325
Other liabilities	3,280	2,754
Total current liabilities	73,117	45,957
Total liabilities	81,063	81,969
Total equity and liabilities	268,389	269,914

* Cf. note 3

Condensed consolidated income statement

for the period from july 1 to september 30	7/1 – 9/30/2012 thousand euro	in percent of sales	7/1 – 9/30/2011 thousand euro	in percent of sales	change
Sales	43,253	100.0%	47,982	100.0%	–9.9%
Cost of sales	25,001	57.8%	24,911	51.9%	0.4%
Gross profi t	18,253	42.2%	23,071	48.1%	–20.9%
Research and development expenses	8,940	20.7%	8,340	17.4%	7.2%
Distribution expenses	4,170	9.6%	3,992	8.3%	4.5%
Administrative expenses	3,804	8.8%	4,484	9.3%	– 15.2%
Operating income before other operating expenses/income (–)	1,339	3.1%	6,255	13.0%	–78.6%
Earnings from investments accounted for at equity	0	0.0%	46	0.1%	n/a
Finance income	– 471	– 1.1%	– 433	– 0.9%	8.7%
Finance costs	603	1.4%	599	1.2%	0.8%
Exchange rate losses/gains (–)	166	0.4%	– 138	– 0.3%	n/a
Other operating income	– 590	–1.4%	– 870	– 1.8%	– 32.2%
Other operating expenses	325	0.8%	319	0.7%	1.8%
Earnings before taxes	1,306	3.0%	6,732	14.0%	– 80.6%
Taxes on income
Current income tax expense	316	0.7%	271	0.6%	16.5%
Deferred taxes	– 113	– 0.3%	1,092	2.3%	n/a
	203	0.5%	1,363	2.8%	–85.1%
Net income	1,103	2.5%	5,369	11.2%	–79.5%
Net income attributable to
Owners of the parent	1,002	2.3%	5,285	11.0%	–81.0%
Non-controlling interests	101	0.2%	84	0.2%	20.1%
Earnings per share in Euro
Basic earnings per share	0.05		0.27
Fully diluted earnings per share	0.05		0.27

Condensed consolidated statement of comprehensive income

for the period from july 1 to september 30	7/1 – 9/30/2012 thousand euro	7/1 – 9/30/2011 thousand euro
Net income	1,103	5,369
Other comprehensive income
Foreign currency adjustments not affecting deferred taxes	– 53	118
Foreign currency adjustments affecting deferred taxes	– 411	980
Deferred tax (on foreign currency adjustments affecting deferred taxes)	98	– 262
Value differences relating to hedges	– 310	– 702
Deferred tax (on value differences relating to hedges)	100	226
Available-for-sale fi nancial assets	99	24
Deferred tax (on available-for-sale fi nancial assets)	– 25	– 8
Other comprehensive income after taxes	–502	376
Total comprehensive income after taxes	601	5,745
Total comprehensive income attributable to
Owners of the parent	509	5,661
Non-controlling interests	92	84

Condensed consolidated income statement

for the period from january 1 to september 30	1/1 – 9/30/2012 thousand euro	in percent of sales	1/1 – 9/30/2011 thousand euro	in percent of sales	change
Sales	135,667	100.0%	145,319	100.0%	–6.6%
Cost of sales	81,143	59.8%	79,117	54.4%	2.6%
Gross profi t	54,525	40.2%	66,202	45.6%	–17.6%
Research and development expenses	26,823	19.8%	24,887	17.1%	7.8%
Distribution expenses	13,122	9.7%	11,289	7.8%	16.2%
Administrative expenses	12,189	9.0%	12,879	8.9%	–5.4%
Operating income before other operating expenses/income (–)	2,390	1.8%	17,147	11.8%	–86.1%
Earnings from investments accounted for at equity	0	0.0%	46	0.0%	n/a
Finance income	–1,378	–1.0%	–1,215	–0.8%	13.4%
Finance costs	1,799	1.3%	1,806	1.2%	–0.4%
Exchange rate losses / gains (–)	173	0.1%	–235	–0.2%	n/a
Other operating income	–4,592	–3.4%	–3,142	–2.2%	46.2%
Other operating expenses	1,065	0.8%	1,417	1.0%	–24.9%
Earnings before taxes	5,324	3.9%	18,470	12.7%	–71.2%
Taxes on income
Current income tax expense	1,098	0.8%	1,532	1.1%	–28.3%
Deferred taxes	–464	–0.3%	2,928	2.0%	n/a
	634	0.5%	4,460	3.1%	–85.8%
Net income	4,690	3.5%	14,010	9.6%	–66.5%
Net income attributable to
Owners of the parent	4,523	3.3%	13,767	9.5%	–67.1%
Non-controlling interests	167	0.1%	243	0.2%	–31.3%
Earnings per share in Euro
Basic earnings per share	0.23		0.71
Fully diluted earnings per share	0.23		0.70

Condensed consolidated statement of comprehensive income

for the period from january 1 to september 30	1/1 – 9/30/2012 thousand euro	1/1 – 9/30/2011 thousand euro
Net income	4.690	14.010
Other comprehensive income
Foreign currency adjustments not affecting deferred taxes	–9	127
Foreign currency adjustments affecting deferred taxes	–7	–146
Deferred tax (on foreign currency adjustments affecting deferred taxes)	–3	24
Value differences relating to hedges	–820	–770
Deferred tax (on value differences relating to hedges)	264	248
Available-for-sale fi nancial assets	133	0
Deferred tax (on available-for-sale fi nancial assets)	–32	0
Other comprehensive income after taxes	–474	–517
Total comprehensive income after taxes	4,216	13,493
Total comprehensive income attributable to
Owners of the parent	4,055	13,767
Non-controlling interests	161	243

Equity attributable to owners of the parent

			Additional paid
thousand shares	thousand Euro	thousand Euro	thousand Euro	thousand Euro
19,414	19,414	–119	88,486	102
		13	88
			220
			–610
			103
			134
19,414	19,414	–106	88,421	102
	Shares	Share capital	Treasury shares	in capital	Surplus reserve

January 1, 2012	19,414	19,414	–106	88,516	102
Net income
Other comprehensive income for the period
Total comprehensive income
Share-based payment			26	190
Capital increase from conditional capital	180	180		480
Transaction costs				–21
Purchase of treasury shares			–56	–349
Changes in basis of consolidation
Put option of non-controlling shareholders
Dividend payout
Stock option expense				229
Newly created non-controlling interests
Other changes
September 30, 2012	19,594	19,594	–136	89,045	102

Group	Non-controlling interests				Equity attributable to owners of the parent
Total thousand Euro	Total thousand Euro	Total thousand Euro	Retained earnings thousand Euro	Other equity components Foreign currency translation thousand Euro	Other equity components Hedges thousand Euro	Other equity components Reserve for available-for-sale fi nancial assets thousand Euro
172,296	–227	172,523	66,380	–1,801	61	0
14,010	243	13,767	13,767
–517		–517		5	–522
13,493	243	13,250	13,767	5	–522
101		101
–80		–80	–80
–3,859		–3,859	–3,859
220		220
	610	–610
103		103
110	–39	149	15
182,384	587	181,797	76,223	–1,796	–461	0
187,945	633	187,312	81,450	–1,400	–627	–37
4,690	167	4,523	4,523
–474	–6	–468		–13	–556	101
4,216	161	4,055	4,523	–13	–556	101
216		216
660		660
–21		–21
–405		–405
1,659	1,659
– 2,214		–2,214	–2,214
–4,827		–4,827	–4,827
229		229
48	31	17	17
–181		–181	–181
187,325	2,484	184,841	78,768	–1,413	–1,183	64

Condensed consolidated statement of cash fl ows

	1/1 – 9/30/2012 thousand euro	1/1 – 9/30/2011 thousand euro	7/1 – 9/30/2012 thousand euro	7/1 – 9/30/2011 thousand euro
for the period from january 1 to september 30 Cash fl ow from operating activities
Net income	4,690	14,010	1,103	5,368
Depreciation and amortization	13,009	13,437	4,414	4,727
Write-down on investments	0	34	0	0
Financial result	421	591	132	166
Other non-cash income (–)/expenses	–2,452	3,176	–176	1,340
Current income tax expense	1,098	1,532	316	271
Expenses for stock option plans and stock awards	229	220	68	79
Changes in pension provisions	–145	–118	–38	–37
Changes in net working capital:
Trade receivables	1,694	–893	2,216	988
Inventories	–49	–3,624	–1,061	–3,052
Other assets	–1,037	–1,599	586	–601
Trade payables	–5,472	–748	–2,766	–1,566
Other provisions and other liabilities	1,082	820	1,116	796
Income tax payments	188	–303	2,041	263
Interest paid	–1,799	–1,806	–603	–599
Interest received	1,378	1,215	471	433
Cash fl ow from operating activities	12,835	25,9441	7,819	8,5761
Cash fl ow from investing activities
Capital expenditures for intangible assets	–1,714	–2,457	–435	–857
Capital expenditures for property, plant and equipment	–11,269	–10,861	–4,232	–1,192
Disposal of/Payments for (–) non-current assets held for sale	230	–2,179	173	–2,798
Payments for acquisition of interests in joint ventures
less acquired cash and cash equivalents	302	–557	0	0
Disposal of non-current assets	804	1,557	741	464
Payments for securities	174	–6,2491	3,492	–2721
Payments for investments	0	–2,889	0	–2,922
Payments from other non-current fi nancial assets	22	0	26	0
Cash fl ow from investing activities	–11,451	–23,6351	–235	–7,5771
Cash fl ow from fi nancing activities
Borrowing of non-curent liabilities	191	493	1	118
Repayment of current liabilities to banks	–237	–239	–90	0
Newly created non-controlling interests	48	103	0	0
Issue of treasury shares	216	102	9	0
Purchase of treasury shares	–405	0	–405	0
Capital increase from conditional capital	660	0	389	0
Dividend payout	–4,827	–3,859	0	0
Other changes	–52	53	–20	1
Cash fl ow from fi nancing activities	–4,406	–3,347	–116	119
Decrease/Increase in cash and cash equivalents	–3,022	–1,038	7,468	1,118
Effect of exchange rate changes on cash and cash equivalents	–26	–72	–192	151
Cash and cash equivalents at beginning of reporting period	59,002	58,010	48,678	55,631
Cash and cash equivalents at end of reporting period	55,954	56,900	55,954	56,900

1 The prior-year statement has been adjusted; please refer to the information provided in the condensed notes to the consolidated fi nancial statements under 1.

Condensed notes to the consolidated financial statements

The condensed interim consolidated fi nancial statements for the 3rd quarter 2012 were released for publication in November 2012 pursuant to Management Board resolution.

1 // General information

ELMOS Semiconductor Aktiengesellschaft ("the company" or "ELMOS") has its registered offi ce in Dortmund (Germany) and is entered in the register of companies maintained at the District Court (Amtsgericht) Dortmund, section B, no. 13698. The articles of incorporation are in effect in the version of March 26, 1999, last amended by resolution of the Annual General Meeting of May 8, 2012.

The company's business is the development, manufacture and distribution of microelectronic components and system parts (application specifi c integrated circuits, or in short: ASICs) and technological devices with similar functions. The company may conduct all transactions suitable for serving the object of business directly or indirectly. The company may establish branches, acquire or lease businesses of the same or a similar kind, or invest in them, and conduct all business transactions that are benefi cial to the articles of association. The company is authorized to conduct business in Germany as well as abroad.

In addition to its domestic branches, the company has sales companies in Asia and the United States and cooperates with other German and international companies in the development and production of ASIC chips.

Basic principles of the preparation of fi nancial statements

The condensed interim consolidated fi nancial statements for the period from January 1 to September 30, 2012 have been prepared in accordance with IAS 34: Interim Financial Reporting. These fi nancial statements do therefore not contain all the information and disclosures required for consolidated fi nancial statements and should therefore be read in conjunction with the consolidated fi nancial statements for the fi nancial year ended December 31, 2011.

Adjustments to presentation compared to prior-year quarterly fi nancial statements

Deviating from the quarterly fi nancial statements as of September 30, 2011, the comprehensive income for Q3 2012 is presented in two separate statements for the sake of higher clarity, a consolidated income statement and a consolidated statement of comprehensive income. In the prior-year quarterly fi nancial statements, the presentation was made in a single consolidated statement of comprehensive income, comprising the two elements. In the statement of cash fl ows, changes in securities are solely presented in cash fl ow from investing activities. The prior-year presentation, including an amount of 4,822 thousand Euro for the period from January 1 to September 30, 2011 as decrease in securities in cash fl ow from operating activities, has been adjusted accordingly, and that amount was reclassifi ed to cash fl ow from investing activities under the item "Payments for securities".

Essential accounting policies and valuation methods

For the preparation of the condensed interim consolidated fi nancial statements, the same accounting policies and valuation methods have been adopted as were applied for the preparation of the consolidated fi nancial statements for the fi nancial year ended December 31, 2011, with the exception of the new or amended IFRS Standards and Interpretations listed below. The application of these Standards and Interpretations had no effect on the group's asset situation, fi nances and profi t situation.

-> Amendment	Disclosures –
to IFRS 7	Transfers of Financial Assets

Estimates and assumptions

The company recognizes provisions for pension and partial retirement obligations pursuant to IAS 19. An actuarial interest rate of 5.5% has been applied for 2012, the same rate as applied as of December 31, 2011.

Exceptional business transactions

There were no exceptional business transactions in the fi rst nine months of 2012.

Basis of consolidation

Subsidiary ELMOS France S.A.S., Levallois Perret/France, was excluded from the ELMOS Group's basis of consolidation effective March 30, 2012. In terms of corporate law, this transaction represents an entity's dissolution without liquidation. ELMOS Semiconductor AG, Dortmund, is full legal successor in respect of the subsidiary's assets and liabilities accounted for.

Since April 1, 2012, the joint venture MAZ Mikroelektronik-Anwendungszentrum GmbH im Land Brandenburg, Berlin, formerly proportionately consolidated at 50%, has been included in the consolidated fi nancial statements as a subsidiary by way of full consolidation due to obtaining control over the entity as a result of the conclusion of a voting trust agreement. The company operates in the semiconductor industry as a provider of development and advisory services in the fi eld of system integration and as a provider of application specifi c integrated circuits (ASIC). The services and software solutions offered by the company fi nd use particularly in the realm of industrial applications so that the group's customer base and product portfolio are expanded.

The provisional fair values (50%, as previously proportionately consolidated) of the identifi able assets and liabilities of MAZ are as follows as of the time of obtaining control over the entity:

	(thousand Euro)
Assets
Intangible assets	3,218 (thereof 3,206 thousand Euro from release of hidden reserves)
Cash and cash equivalents	488
Trade receivables	192
Inventories	183
Other assets	320
	4,401
Liabilities
Provisions and other liabilities	–390
Deferred tax liabilities	–967
Others	–37
	–1,394
= total identifiable net assets at fair value	3,007
Additional goodwill from business acquisition	716
Contribution to earnings from revaluation of former interest (50%)	–1,824
Non-controlling interests at
the time of acquisition	–1,659
= total difference	240

Fair value at the time of obtaining control

	Breakdown of cash infl ow due to obtaining control
Cash and cash equivalents acquired with the transition from joint venture to the status of subsidiary (included in cash fl ow from investing activities)	488
Call option	54
Cash outfl ow	–240
Actual cash infl ow	302

The fair value of trade receivables equals the gross amount of trade receivables and comes to 192 thousand Euro. These receivables were not impaired and the whole contractually defi ned amount is probably recoverable.

Since the time of acquisition, MAZ has contributed 1,839 thousand Euro to the group's sales and 258 thousand Euro to its net income for the period. If the successive business combination had taken place at the beginning of the year, sales of the fi rst nine months 2012 would have been higher by 330 thousand Euro and the net income for the nine-month period would have been higher by 51 thousand Euro.

The recognized goodwill results from the expected synergy effects and other advantages from the combination of the assets and activities of MAZ with the group's assets and activities. It is assumed that the recognized goodwill will not be deductible for tax purposes.

Transaction costs in the amount of 30 thousand Euro have been recognized as expense and are reported in the consolidated income statement under administrative expenses.

Due to the revaluation of the previously held 50% interest at fair value, a positive contribution to earnings resulted in the amount of 1,824 thousand Euro, recognized under other operating income in the consolidated income statement.

Seasonal and economic impact on business operations

The general economic conditions for the rest of 2012 continue to be determined by imponderables and have become worse in comparison with the situation of a few months ago. While the premium car manufacturers were optimistic at the beginning of the year 2012, their business shows the effects of the euro crisis now as well. The further development of the global and regional crises, the currently diffi cult situation in the euro member states as well as the political situation in countries of the Middle East, remains impossible to predict so far, and the same applies for the further market development in China. The corresponding additional effects on the sales markets and the fi nancial and raw materials markets are hard to assess. The business of ELMOS Semiconductor AG is not subject to material seasonal fl uctuations.

2 // Segment reporting

The business segments correspond to the ELMOS Group's internal organizational and reporting structure. The defi nition of segments considers the different products and services supplied by the group. The accounting principles of the individual segments correspond to those applied by the group.

The company divides its business activities into two segments. The semiconductor business is operated through the various national subsidiaries and branches in Germany, the Netherlands, South Africa, Asia, and the U.S.A. Sales in this segment are generated predominantly with electronics for the automotive industry. In addition, ELMOS operates in the markets for industrial and consumer goods and provides semiconductors e.g. for applications in household appliances, photo cameras, installation and building technology, and machine control. Sales in the micromechanics segment are generated by the subsidiary SMI in the U.S.A. Its product portfolio includes micro-electro-mechanical systems (MEMS) which are primarily silicon-based high-precision pressure sensors. The following tables provide information on sales and earnings (for the period from January 1 to September 30, 2012 and 2011, respectively) as well as on assets of the group's business segments (as of September 30, 2012 and December 31, 2011).

9 months ended 9/30/2012	Semiconductor thousand Euro	Micromechanics thousand Euro	Consolidation thousand Euro	Total thousand Euro
Sales
Third-party sales	121,227	14,440	0	135,667
Intersegment sales	170	725	–8951	0
Total sales	121,397	15,165	–895	135,667
Earnings
Segment earnings	3,920	1,825	0	5,745
Finance income				1,378
Finance costs				–1,799
Earnings before taxes				5,324
Taxes on income				– 634
Net income including non-controlling interests				4,690
Assets
Segment assets	189,030	14,078	61,3612	264,469
Investments	470	3,450	0	3,920
Total assets				268,389
Other segment information
Capital expenditures for intangible assets and property, plant and equipment	16,054	890	0	16,944
Depreciation and amortization	12,536	473	0	13,009

1 Sales from intersegment transactions are eliminated for consolidation purposes.

2 Non-attributable assets as of September 30, 2012 include cash and cash equivalents (55,954 thousand Euro), income tax assets (2,248 thousand Euro) and deferred taxes (3,158 thousand Euro), as these assets are controlled at group level.

9 months ended 9/30/2011	Semiconductor thousand Euro	Micromechanics thousand Euro	Consolidation thousand Euro	Total thousand Euro
Sales
Third-party sales	132,643	12,676	0	145,319
Intersegment sales	168	459	–6271	0
Total sales	132,811	13,135	–627	145,319
Earnings
Segment earnings	17,192	1,915	0	19,107
Earnings from investments accounted for at equity	0	–46	0	–46
Finance income				1,215
Finance costs				–1,806
Earnings before taxes				18,470
Taxes on income				–4,460
Net income including non-controlling interests				14,010
Assets (as of 12/31/2011)
Segment assets	186,404	14,024	65,5692	265,997
Investments	470	3,447	0	3,917
Total assets				269,914
Other segment information
Capital expenditures for intangible assets and property, plant and equipment	12,667	651	0	13,318
Depreciation and amortization	12,455	982	0	13,437

1 Sales from intersegment transactions are eliminated for consolidation purposes.

2 Non-attributable assets as of December 31, 2011 include cash and cash equivalents (59,002 thousand Euro), income tax assets (2,989 thousand Euro) and deferred taxes (3,579 thousand Euro), as these assets are controlled at group level.

Geographical information

Sales generated with third-party customers	9 months ended 9/30/2012 thousand Euro	9 months ended 9/30/2011 thousand Euro
Germany	40,211	52,199
Other EU countries	45,412	48,007
U.S.A.	12,808	11,217
Asia/Pacifi c	26,961	24,030
Others	10,275	9,866
	135,667	145,319

Geographical distribution of non-current assets	9/30/2012 thousand Euro	12/31/2011 thousand Euro
Germany	101,449	99,060
Other EU countries	6,475	8,462
U.S.A.	7,742	7,360
Others	53	21
	115,719	114,903

3 // Notes on essential items

Selected non-current assets

Development of selected non current assets from January 1 to September 30, 2012	Net book value 1/1/2012 thousand Euro	Reclassifi cation thousand Euro	Additions thousand Euro	Disposals/Other movements thousand Euro	Depreciation and amortization thousand Euro	Net book value 9/30/2012 thousand Euro
Intangible assets	29,240	61	5,648	0	3,797	31,152
Property, plant and equipment	71,770	–61	11,296	–798	9,212	72,995
Securities	8,346	0	3,051	–5,354	0	6,043
Investments	3,917	0	0	3	0	3,920
Other fi nancial assets	1,630	0	78	–100	0	1,608
	114,903	0	20,073	–6,249	13,009	115,719

The item "Disposals/Other movements" includes positive currency adjustments in the amount of 10 thousand Euro.

Inventories

	9/30/2012 thousand Euro	12/31/2011 thousand Euro
Raw materials	7,952	7,900
Work in process	23,125	22,879
Finished goods	9,106	9,172
	40,183	39,951

Equity

As of September 30, 2012, the share capital of ELMOS Semiconductor AG consists of 19,593,255 shares. At present, the company holds 135,544 treasury shares.

As of September 30, 2012, altogether 1,165,053 options from stock option plans are outstanding. The options are attributable to the separate tranches as follows:

	2009	2010	2011	2012	Total
Year of resolution and issue	2009	2010	2011	2012
Exercise price in EUR	3.68	7.49	8.027	7.42
Blocking period ex issue (years)	3	4	4	4
Exercise period after blocking period (years)	3	3	3	3
Options outstanding as of 12/31/2011 (number)	458,230	239,863	248,900	0	946,993
1/1-9/30/2012 granted (number)	0	0	0	400,000	400,000
1/1-9/30/2012 exercised (number)	179,050	0	0	0	179,050
1/1-9/30/2012 forfeited (number)	900	725	1,265	0	2,890
options outstanding as of 9/30/2012 (number)	278,280	239,138	247,635	400,000	1,165,053
Options exercisable as of 9/30/2012 (number)	278,280	0	0	0	278,280

4 // Related party disclosures

As reported in the consolidated fi nancial statements for the fi nancial year ended December 31, 2011, the ELMOS Group maintains business relationships with related companies and individuals in the context of the ordinary course of business.

These supply and performance relationships continue to be transacted at market prices.

Directors' dealings according to Section 15a WpHG (German Securities Trading Act)

The following reportable securities transactions (directors' dealings) were made in the reporting period from January 1 to September 30, 2012:

Date Place	Name	Function	Transaction	Number of shares	Price/Basic price (Euro)	Total volume (Euro)
5/22/2012			Purchase of
off-market	Dr. Klaus Weyer	Supervisory Board member	ELMOS shares	24,000	7.37	176,952
5/24/2012			Purchase of
off-market	Dr. Klaus Weyer	Supervisory Board member	ELMOS shares	30,139	7.39	222,757
6/18/2012			Purchase of
off-market	Dr. Klaus Weyer	Supervisory Board member	ELMOS shares	26,656	6.62	176,462
8/24/2012			Purchase of
XETRA	Dr. Klaus Egger	Supervisory Board member	ELMOS shares	2,631	6.88	18,101
8/27/2012			Purchase of
XETRA	Dr. Klaus Egger	Supervisory Board member	ELMOS shares	1,817	7.02	12,748
	Weyer Betei
8/31/2012	ligungsgesell	Legal entity closely related to	Purchase of
off-market	schaft mbH *	a Supervisory Board member	ELMOS shares	40,000	6.98	279,166
9/26/2012			Purchase of
XETRA	Dr. Klaus Egger	Supervisory Board member	ELMOS shares	4,000	7.15	28,600

*please refer to correction report of 10/25/2012

5 // Signifi cant events after the end of the fi rst nine months

There have been no reportable events of special signifi cance after the end of the third quarter 2012.

Dortmund, November 2012

Dr. Anton Mindl Nicolaus Graf von Luckner Reinhard Senf Dr. Peter Geiselhart

Contact | Imprint

Janina Rosenbaum | Investor Relations Phone + 49 (0) 231 - 75 49 - 287 Fax + 49 (0) 231 - 75 49 - 548 invest@elmos.com

This interim fi nancial report was released on November 6, 2012 in German and English. Both versions are available for download on the Internet at www.elmos.com.

We are happy to send you additional informative material free of charge on your request.

Financial calendar 2012
Quarterly results Q3/2012 (after trading hours)	November 6, 2012
Analysts' conference at the Equity Forum in Frankfurt/Main	November 13, 2012
Financial calendar 2013
Preliminary results 2012 (after trading hours)	February 19, 2013
Financial results 2012	March 19, 2013
Annual accounts press conference	March 19, 2013
Analysts' conference (conference call/webcast)	March 19, 2013
Quarterly results Q1/2013 (after trading hours)	May 7, 2013
Annual General Meeting in Dortmund	May 24, 2013
Quarterly results Q2/2013 (after trading hours)	August 7, 2013
Quarterly results Q3/2013 (after trading hours)	November 6, 2013

Results are generally released after trading hours. Conference calls are usually conducted the day after the quarterly results are released.

forward-looking statements

This report contains statements directed to the future that are based on assumptions and estimates made by the ELMOS management. Even though we assume the underlying expectations of our statements to be realistic, we cannot guarantee these expectations will prove right. The assumptions may carry risks and uncertainties, and as a result actual events may differ materially from the current statements made with respect to the future. Among the factors that could cause such differences are changes in economic and business conditions, fl uctuations of exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products, and changes in business strategy. ELMOS neither intends nor assumes any obligation to update its statements with respect to future events.

This English translation is for convenience purposes only.

AsiA is An importAnt growth mArket for eLmos. to cross the bridge between germAny And chinA successfuLLy requires A Lot of product know-how And cuLturAL empAthy. thAt's my job. After my trAining At eLmos i decided to go to university And to keep working At eLmos on the side. foLLowing my direct job entry And A stint At our cALiforniAn subsidiAry, i Am now AbLe to shAre the fuLL rAnge of my knowLedge And skiLLs in my job As process engineer. recruitment wiLL increAsingLy gAin in importAnce in the future. it is my goAL to shApe the AdvAnced trAining of our current And future empLoyees in such A wAy thAt we wiLL continue our success in the mArket. eLmos gives me the opportunity to keep deveLoping As A professionAL. As mAnAger of moduLe process AnALysis, i hAve my shAre of responsibiLity for the quALity of our products And processes. this dAiLy chALLenge mAkes my job tremendousLy exciting. even todAy, bALAncing fAmiLy And A cAreer is not An eAsy thing to AccompLish. i Love to see how initiAL rough drAfts turn into reAL products. so, whenever i go to the customer with A product, i know how much heArt And souL hAs been put into it. with fLexibLe working hours And A considerAtion of individuAL needs, eLmos provides An exciting working environment, enAbLing me to join my teAm in pushing our reseArch Activities. job trAining, extrA-occupAtionAL studies And A stAy AbroAd – ALL this i hAve Achieved with eLmos. now, After eArning my grAduAte degree, i wiLL hAve my pArt in deveLoping the energy sAving products of tomorrow. this is how i Am mAking my contribution At eLmos to creAting A promising future, both for myseLf And for society. we At eLmos ALwAys wAnt to deveLop the best soLution for the customer. it requires speciAList know-how to set ourseLves ApArt from the mArket through chip size, functionALity, And reLiAbiLity. this is whAt we Aim for every singLe dAy. As An Automotive semiconductor speciAList, eLmos hAs high quALity AwAreness. As project mAnAger, i pAy Attention to meeting the tArgets of our customers And giving them 100% sAtisfAction At eAch And very step. the positive feedbAck proves thAt eLmos is doing A good job. i hAve heLped creAte the future of our eLmos motor drivers for mAny yeArs now. At eLmos i study the bAsics of it And AppLy them on the job. this ALLows me to mAke A cAreer of my hobby. And the cAsuAL working environment mAkes my trAining just As much fun As my hobby does. interesting Assignments, nice coLLeAgues, And the opportunity to bring new ideAs to Life: thAt describes whAt i do in production At eLmos. After compLeting my trAining, i Am now responsibLe for the reLiAbLe mAnufActuring of our products As An operAtor. ten yeArs Ago, i stArted my cAreer in production in dortmund. in 2006 i took chArge of process engineering At our subsidiAry in cALiforniA. the eLeven members of my teAm originALLy hAiL from the u.s., indiA, chinA, vietnAm, And severAL europeAn countries. i enjoy mAnAging such A diversity of products And cuLtures. interim report q1 2011 After my trAining At eLmos i decided to go to university And to keep working At eLmos on the

eLmos semiconductor Ag Heinrich-Hertz-Straße 1 44227 Dortmund | Germany Phone + 49 (0) 231 - 75 49 - 0 Fax + 49 (0) 231 - 75 49 - 149 info@elmos.com | www.elmos.com