EANS-Adhoc

ams AG / ams reports second quarter revenues in upper half of guidance range with profitability above expectations; positive momentum for optical and 3D sensing tech-nologies in Android market; - Seite 2

same period 2018 (USD 21.9 million or 5% of revenues including acquisition-
related and share-based compensation costs, up from a loss of USD 72.8 million
in the same period 2018). For the first half of 2019, the adjusted EBIT was USD
73.2 million (excluding acquisition-related and share-based compensation costs),
up from USD 24.2 million in the same period 2018 (USD 17.5 million including
acquisition-related and share-based compensation costs, up from a loss of USD
30.3 million in the first half year 2018).

Adjusted net income for the second quarter was USD 25.2 million (excluding
valuation effect of option element of foreign currency convertible bond),
compared to a loss of USD 99.0 million for the same period 2018 (second quarter
2019: USD 25.1 million including valuation effect). Adjusted basic/diluted
earnings per share for the second quarter were CHF 0.31/0.28 or USD 0.31/0.28
based on 80,773,555/86,504,145 shares (weighted average; second quarter 2019:
CHF 0.31/0.28 or USD 0.31/0.28 including valuation effect; second quarter 2018:
CHF -1.24/-1.19 or USD -1.19/-1.15 based on 83,377,425/86,388,635 shares,
weighted average). Adjusted net income for the first half year 2019 was USD 15.8
million (excluding valuation effect of option element of foreign currency
convertible bond), compared to a loss of USD 7.7 million for the same period
2018 (first half 2019: USD 15.8 million including valuation effect). Adjusted
basic/diluted earnings per share for the first half were CHF 0.20/0.19 or USD
0.20/0.19 per share based on 80,504,466/81,864,338 shares (weighted average;
first half 2019: CHF 0.19/0.19 or USD 0.20/0.19 including valuation effect;
first half 2018: CHF -0.10/-0.10 or USD -0.10/-0.10 based on 77,344,938/
80,159,144 shares, weighted average).

Operating cash flow for the second quarter was USD 50.7 million compared to USD
-69.1 million in the same quarter last year, while operating cash flow for the
first half was USD 145.7 million compared to USD -17.6 million in the first half
year 2018. Total backlog on 30 June 2019 (excluding consignment stock
agreements) was USD 304.2 million compared to USD 285.2 million at the end of
the first quarter and USD 525.6 million on 30 June 2018.

ams' business performed well in the second quarter and first half of 2019 with
second quarter results in the upper half or above the published expectation
range. This strong development was again driven predominantly by ams' consumer
business where the demand environment turned more supportive compared to the
previous quarter.

ams' consumer business once more provided the largest contribution to its
overall results. ams holds a leading market position in optical sensing where