Nordic Semiconductor Investor Presentation — April 2022

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Risk and uncertainty

Condensed financial information

Notes to the condensed consolidated

financial statements

Alternative performance measures3

NORDIC SEMICONDUCTOR | Q1 REPORT 2022 (UNAUDITED)Q1 highlights

■ Revenue of USD 183 million (+28%)

■ High gross margin of 60% reflecting positive effects

of customer and product mix

■ EBITDA of USD 55 million (+120%)■ Cellular IoT revenue of USD 7 million, continued

to be stalled by component shortage

■ Order backlog of USD 1 537 million

Gross margin EBITDA margin

NORDIC SEMICONDUCTOR | Q1 REPORT 2022 (UNAUDITED)Key figures

Q1 2022 financial summary

Amount in USD million Q1 2022 Q1 2021 Change

Revenue 183.1 143.2 27.8%

Gross profit 109.3 71.9 52.1%

Gross margin % 59.7% 50.2% 9.5 p.p.

EBITDA 54.7 24.9 119.8%

EBITDA % 29.9% 17.4% 12.5 p.p.

Operating profit (EBIT) 44.7 15.7 185.3%

Operating profit % (EBIT) 24.4% 10.9% 13.5 p.p.

Net profit after tax 33.7 13.5 149.9%

Cash and cash equivalents 303.6 196.8 54.3%

Order backlog 1 537.2 802.6 91.5%

LTM Opex excluding depreciation / LTM revenue 32.2% 32.0% 0.2 p.p.

Net working capital / LTM revenue 19.9% 26.9% -7 p.p.

Equity ratio 77.1% 78.8% -1.7 p.p.

Number of employees 1 257 1 029 22.2%5

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