EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Disposal
ams-OSRAM AG: ams OSRAM signs close to EUR 450 million of infrastructure
related asset transactions as part of its recently presented financing
plan

30-Oct-2023 / 07:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss
Exchange
-------------------------------------------------------

ams OSRAM signs close to EUR 450 million of infrastructure related asset
transactions as part of its recently presented financing plan

 

• The main transaction relates to a Sale and Leaseback of its new Kulim
8-inch facility with expected proceeds of around EUR 400 million and
excludes the manufacturing equipment. 
• Investment partners are three of Malaysia’s largest and most
recognized investment companies.
• Sale of assets will not affect any technology, R&D or manufacturing
strategies of ams OSRAM outlined in its “Re-establish the Base”
program
• ams OSRAM continuously expands its operations in Malaysia and fosters
additional employment opportunities in the country in the field of
science and high-tech semiconductors.
• ams OSRAM also closed the divestment of a phased-out manufacturing
facility located in Asia  with proceeds of EUR mid double digit
millions.

Premstaetten, Austria, and Kulim, Malaysia (30 October 2023) -- ams OSRAM
(SIX: AMS) Today, ams OSRAM signed Sale and Leaseback agreements totaling
up to Malaysian Ringgit 2 billion (approximately EUR 400 million) in gross
proceeds (“Lease Financing”). The Sale and Leaseback transaction is part
of the previously announced financing plan and limited to the newly
constructed Kulim 8-inch semiconductor facility’s primary and secondary
structures. The Lease Financing transaction is expected to close in winter
2023/2024 and runs for a term of 10 years, subject to certain conditions.

“We are progressing fast in implementing our recently announced
comprehensive financing plan. The Sale and Leaseback transaction of our
new 8-inch LED manufacturing facility in Kulim is a key element to
optimize the borrowing cost in today’s high interest environment,” said
Rainer Irle, CFO of ams OSRAM. “I would like to recognize particularly our
partners, Permodalan Nasional Berhad (PNB), the Employees' Provident Fund
(EPF) and Retirement Fund (Incorporated) (KWAP) for their engagement in
this transaction.”

On September 27, 2023 ams OSRAM announced its financing plan of EUR 2.25
billion, with around EUR 1.9 billion expected to be financed in the coming
months comprising of EUR 800 million capital raise, around EUR 800 million
in new senior bond issuances and around EUR 300 million asset-level
transactions. As announced today, these asset-level transactions are now
expected to yield close to EUR 450 million in proceeds. The Kulim 8-inch
facility Sale and Leaseback transaction is the key element amongst these
asset-level transactions.

In 2022, ams OSRAM started an approximately EUR 1 billion investment in
manufacturing, facilities and R&D for state-of-the-art LED and microLED.
The new facility in Kulim is expected to be the world’s first fully
automated 8-inch LED manufacturing facility. The facility shows the
company’s dedication to sustainability, featuring highly energy and cost
efficient green building practices in compliance with the LEED green
building standards. The certification process is in progress, with the
goal of becoming the first LEED GOLD certified semiconductor front-end
facility in Malaysia, enabling the production of future generations of
cutting-edge products.

In 2022, ams OSRAM celebrated 50 years in Malaysia. Over the course of
this time, the company chose to develop a strong manufacturing base,
research and development activities, sales and marketing functions, a
global business center and IT service centers in the country due to the
excellent infrastructure and education standards. The company´s continued
investment stands as a testament to the excellent economic partnership
between ams-OSRAM and Malaysia.

ams OSRAM continues to deliver on its plan to optimize its footprint in
line with its recently announced strategy focusing the semiconductor
segment on its profitable core of intelligent sensors and emitters. Within
this context, the company closed a transaction to divest an already
phased-out manufacturing facility in Asia, receiving proceeds of EUR
mid-double digit million. The sale of the assets will not affect any
technology, R&D or manufacturing capability of ams OSRAM outlined in its
“Re-establish the Base” program.

 

About Permodalan Nasional Berhad (PNB):

Permodalan Nasional Berhad (PNB) is one of the largest fund management
companies in Malaysia with assets under management (AUM) exceeding RM300
billion. PNB's portfolio covers strategic investments in Malaysia's
leading corporates, global equities, private investments and real estate.
For more information, please visit www.pnb.com.my.

 

About Retirement Fund (Incorporated) (KWAP): KWAP was established on 1st
March 2007 under the Retirement Fund Act 2007 (Act 662) replacing the
repealed Pensions Trust Fund Act 1991 (Act 454).

KWAP manages contributions from the federal government and relevant
agencies made into the Retirement Fund to obtain optimum returns on its
investments through sound management and investment of the Fund in equity,
fixed-income securities, money market instruments, and other forms of
investments as permitted under the Retirement Fund Act 2007 (Act 662). The
Fund shall be applied towards assisting the Federal Government in
financing its pension duties. In 2015, KWAP was officially appointed as an
agent of the Federal Government for the purpose of pension payment,
gratuity, or other benefits granted under any written law from the
Consolidated Fund as agreed between the Federal Government and KWAP.

Visit www.kwap.gov.my for more information.

About Employees' Provident Fund (EPF): 

The Employees Provident Fund (EPF) is one of the oldest retirement funds
in the world. Established in 1951, the EPF is a social-security
organization focused on safeguarding member savings and delivering
excellent services. In recent years, in line with its vision of helping
members achieve a better future, the EPF has expanded its role to
encompass the creation of a comprehensive social well-being ecosystem.
Today, the EPF remains steadfast in its commitment to members through
consistent efforts to update and improve itself, in order to build the
foundation for sustainable, holistic and equitable well-being for all
Malaysians.

 

 

Disclaimer

This announcement constitutes neither an offer to sell nor a solicitation
to buy securities. Any offer regarding any publicly offered securities of
ams-OSRAM AG (“ams-OSRAM AG” or the “Company,” and together with its
subsidiaries, the “Group”) in Austria will be made solely by means of, and
on the basis of, a securities prospectus (including any supplements
thereto, if any) to be approved by the Austrian Financial Market Authority
(Finanzmarktaufsichtsbehörde, the “FMA”) and to be published in accordance
with the Regulation (EU) 2017/1129 (the “Prospectus Regulation”) on the
website of the Company (www.ams-osram.com). An investment decision
regarding any publicly offered securities of ams-OSRAM AG should only be
made on the basis of a prospectus. Any orders relating to securities of
ams-OSRAM AG received prior to the commencement of a public offering will
be rejected. If a public offering is to be made in Austria, a securities
prospectus will be published promptly upon approval by FMA in accordance
with the Prospectus Regulation and will be available free of charge from
ams-OSRAM AG during usual business hours, or on the ams-OSRAM AG website.

This announcement is not a prospectus according to Articles 35 et seqq. of
the Swiss Financial Services Act (the “FinSA”) and as such does not
constitute an offer to sell nor a solicitation to buy securities of
ams-OSRAM AG or any other company. This announcement is made for
information purposes only and shall not constitute investment advice. Any
offer regarding any publicly offered securities of ams-OSRAM AG in
Switzerland will be solely made by means of, and on the basis of, a
prospectus (including any supplements thereto, if any) that is deemed
approved in Switzerland without additional approval procedure in
accordance with the FinSA, which will be made available free of charge
from ams-OSRAM AG and UBS AG during regular business hours, or on the
ams-OSRAM AG website prior to the public offering. An investment decision
regarding any publicly offered securities of ams-OSRAM AG should only be
made on the basis of the prospectus published for such purpose.

This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States,
Australia, Canada or Japan, or any other jurisdiction in which such offer
or solicitation may be unlawful. Any failure to comply with these
restrictions may constitute a violation of United States, Canadian,
Australian, Japanese or other applicable securities laws. The securities
mentioned herein have not been, and will not be, registered under the US
Securities Act of 1933, as amended (the “Securities Act”).  The securities
may not be offered or sold in the United States, absent registration or an
exemption from the registration requirements of the Securities Act. There
will be no public offer of the securities in the United States.

This announcement is not a prospectus for the purposes of Prospectus
Regulation or Regulation (EU) 2017/1129 as it forms part of domestic law
in the United Kingdom by virtue of the European Union (Withdrawal) Act
2018 (the “UK Prospectus Regulation”) and does not constitute an offer to
sell or the solicitation of an offer to purchase securities of ams-OSRAM
AG. Investors should not subscribe for any securities referred to in this
document except on the basis of the information contained in any
prospectus relating to the securities, the former of which may be
published by the Company in final form on its website (www.ams-osram.com).
Any such prospectus would include a description of risk factors in
relation to an investment in the Group. You should conduct your own
independent analysis of all relevant data provided in any prospectus and
you are advised to obtain independent expert advice as to the legal, tax,
accounting, financial, credit and other related aspects before making any
investment decision.

 

No representation, warranty or undertaking, express or implied, is made by
the Group, its shareholders, or any of the Group’s or its shareholders’
respective affiliates or any of its or their respective directors,
officers, employees or agents (the “Representatives”) or any other person
as to, and no reliance should be placed on, the fairness, accuracy,
completeness or correctness of the information set forth in this
announcement or the opinions contained therein or any other statement made
or purported to be made in connection with the Company or the Group, for
any purpose whatsoever. No responsibility, obligation or liability
whatsoever, whether arising in tort, contract or otherwise, is or will be
accepted by the Group, the Company or its shareholders or any of their
respective Representatives or any other person for any loss, cost or
damage howsoever arising from any use of the information contained in this
announcement, or for information or opinions or for any errors, omissions
or misstatements contained therein or otherwise arising in connection
therewith.

The information in this announcement is of an abbreviated nature and is
subject to updating, revision, amendment, verification, correction,
completion and change without notice. None of the Group, the Company or
its shareholders or any of their respective Representatives or any other
person undertakes any obligation to provide the attendee or recipient with
access to any additional information or to update the information in this
announcement or to correct any inaccuracies in any such information,
including any financial data or forward-looking statements. Such
information should be considered in the context of the circumstances
prevailing at the time and has not been, and will not be, updated to
reflect material developments which may occur after the date thereof. None
of the Group, the Company or its shareholders  or any of their respective
Representatives have independently verified any of the information in this
announcement.

This announcement may contain statements about ams-OSRAM AG or the Group
that are or may constitute or include forward-looking statements.
Forward-looking statements are statements that are not historical facts
and may be identified by words such as “plans”, “targets”, “aims”,
“believes”, “expects”, “anticipates”, “intends”, “estimates”, “will”,
“may”, “continues”, “should” and similar expressions. These
forward-looking statements reflect, at the time made, the Group’s beliefs,
intentions and current targets/aims concerning, among other things, the
Company’s or the Group’s results of operations, financial condition,
liquidity, prospects, growth and strategies. Forward-looking statements
include statements regarding: objectives, goals, strategies, outlook and
growth prospects; future plans, events or performance and potential for
future growth; economic outlook and industry trends; developments of the
Company’s or the Group’s markets; and the strength of the Company’s or any
other member of the Group’s competitors. Forward-looking statements
involve risks and uncertainties because they relate to events and depend
on circumstances that may or may not occur in the future. The
forward-looking statements in this announcement are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management’s examination of historical
operating trends, data contained in the Group’s records and other data
available from third parties. Although the Group believes that these
assumptions were reasonable when made, these assumptions are inherently
subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Forward-looking
statements are not guarantees of future performance and such risks,
uncertainties, contingencies and other important factors could cause the
actual outcomes and the results of operations, financial condition and
liquidity of the Company and other members of the Group or the industry to
differ materially from those results expressed or implied in this
announcement by such forward-looking statements. No assurances can be
given that the forward-looking statements will be realized. The
forward-looking statements speak only as of the date of this announcement.
The Group expressly disclaims any obligation or undertaking to release any
updates or revisions to any forward-looking statements to reflect any
change in the Group’s expectations with regard thereto or any changes in
events, conditions or circumstances on which any forward-looking
statements are based. No representation or warranty is made that any of
these forward-looking statements or forecasts will come to pass or that
any forecast result will be achieved. Undue influence should not be given
to, and no reliance should be placed on, any forward-looking statement.

  

About ams OSRAM

The ams OSRAM Group (SIX: AMS) is a global leader in intelligent sensors
and emitters. By adding intelligence to light and passion to innovation,
we enrich people’s lives.

With over 110 years of combined history, our core is defined by
imagination, deep engineering expertise and the ability to provide global
industrial capacity in sensor and light technologies. We create exciting
innovations that enable our customers in the automotive, industrial,
medical and consumer markets maintain their competitive edge and drive
innovation that meaningfully improves the quality of life in terms of
health, safety and convenience, while reducing impact on the environment.

Our around 21,000 employees worldwide focus on innovation across sensing,
illumination and visualization to make journeys safer, medical diagnosis
more accurate and daily moments in communication a richer experience. Our
work creates technology for breakthrough applications, which is reflected
in over 15,000 patents granted and applied. Headquartered in
Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
the group achieved over EUR 4.8 billion revenues in 2022 and is listed as
ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).

 

Find out more about us on [1] https://ams-osram.com

 

ams is a registered trademark of ams-OSRAM AG. In addition many of our
products and services are registered or filed trademarks of ams OSRAM
Group. All other company or product names mentioned herein may be
trademarks or registered trademarks of their respective owners.

Join ams OSRAM social media channels: [2]>Twitter  [3]>LinkedIn 
[4]>Facebook  [5]>YouTube

 

 

For further information

Investor Relations   Media Relations      

ams-OSRAM AG     ams-OSRAM AG   

Dr Juergen Rebel    Bernd Hops  

Senior Vice President    Senior Vice President   

Investor Relation    Corporate Communications 

T: +43 3136 500-0                    T: +43 3136 500-0 

[6]investor@ams-osram.com   [7]press@ams-osram.com     

End of Inside Information

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30-Oct-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: ams-OSRAM AG
Tobelbader Straße 30
8141 Premstaetten
Austria
Phone: +43 3136 500-0
E-mail: investor@ams-osram.com
Internet: https://ams-osram.com/
ISIN: AT0000A18XM4
WKN: A118Z8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock
Exchange (Vienna MTF)
EQS News ID: 1758737

 
End of Announcement EQS News Service

1758737  30-Oct-2023 CET/CEST

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