2022 Capital Markets Day
`August 2022
`
`Greenthread Ex 2015, p.1 of 125
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`
`

`

`Agenda
`
`Wednesday, August 10
`
`Start
`
`8:30 AM
`
`8:35 AM
`
`9:05 AM
`
`9:45 AM
`
`10:10 AM
`
`10:25 AM
`
`10:40 AM
`
`11:05 AM
`
`11:25 AM
`
`11:45 AM
`
`12:15 PM
`
`End
`
`8:35 AM
`
`9:05 AM
`
`9:45 AM
`
`10:10 AM
`
`10:25 AM
`
`10:40 AM
`
`11:05 AM
`
`11:25 AM
`
`11:45 AM
`
`12:15 PM
`
`12:45 PM
`
`Duration
`
`Topic
`
`Speakers
`
`0:05
`
`0:30
`
`0:40
`
`0:25
`
`0:15
`
`0:15
`
`0:25
`
`0:20
`
`0:20
`
`0:30
`
`0:30
`
`Introductions
`
`Company Overview and Strategic Vision
`
`End Markets Overview
`
`Technology Platforms and R&D
`
`Q&A
`
`Break
`
`Commercial and Customers
`
`Manufacturing and Operations
`
`ESG, People and Culture
`
`Financial Overview
`
`Q&A
`
`Sukhi Nagesh
`
`Tom Caulfield
`
`Ed Kaste
`
`Gregg Bartlett
`
`All Management
`
`Juan Cordovez
`
`KC Ang
`
`Saam Azar, Emily Reilly
`
`David Reeder
`
`All Management
`
`GlobalFoundries © 2022 All Rights Reserved
`
`2
`
`Greenthread Ex 2015, p.2 of 125
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`

`

`Disclaimer
`
`This presentation and the accompanying oral presentation include “forward-looking statements,” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of
`the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and
`positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,”
`“target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” “outlook,” “on track,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these
`forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties both known and unknown. Any inaccuracy in our
`assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by the COVID-19 pandemic and supply chain disruptions due to the
`Russia/Ukraine conflict and actions taken in response to such events; the market for our products may develop more slowly than expected or than it has in the past; our operating results may fluctuate more than expected; there may be
`significant fluctuations in our results of operations and cash flows related to our revenue recognition or otherwise; a network or data security incident that allows unauthorized access to our network or data or our customers’ data could damage
`our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; and global economic conditions could deteriorate. It is not possible for us to predict all risks, nor can we
`assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make.
`Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. You should not rely upon forward-looking statements as predictions of future events. These statements are based on our
`historical performance and on our current plans, estimates and projections in light of information currently available to us, and therefore you should not place undue reliance on them.
`
`Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be
`achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which
`speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking
`statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events.
`
`This presentation and the accompanying oral presentation also contain estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry and business. This data
`involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified the industry data generated by independent parties and contained in this presentation
`and, accordingly, we cannot guarantee their accuracy or completeness. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in which we compete are necessarily subject to a
`high degree of uncertainty and risk.
`
`In addition to the financial information presented in accordance with International Financial Reporting Standards (“IFRS"), this presentation includes the following adjusted non-IFRS metrics: adjusted gross profit (loss), adjusted gross margin,
`adjusted net income (loss), adjusted diluted earnings (loss) per share and adjusted EBITDA. We define adjusted gross profit (loss) as gross profit (loss) adjusted for share-based compensation expense. We define adjusted gross margin as
`adjusted gross profit (loss), which is gross profit (loss) before share-based compensation, divided by net revenues. We define adjusted operating profit (loss) as profit (loss) from operations adjusted for share-based compensation expense. We
`define adjusted operating margin as adjusted operating profit (loss) divided by net revenues. We define adjusted net income (loss) as net income (loss) adjusted for share-based compensation expense. We define adjusted diluted earnings
`(loss) per share as adjusted net income (loss) divided by the dilutive shares. We define adjusted EBITDA as net income (loss), excluding the impact of finance expense, income tax expense, depreciation, amortization, share-based
`compensation expense, transaction gains and associated expenses, restructuring charges and litigation settlements. We define adjusted EBITDA margin as adjusted EBITDA divided by net revenues.
`
`We believe that in addition to our results determined in accordance with IFRS, these adjusted non-IFRS measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our
`business that may not otherwise be apparent when relying solely on IFRS measures. These adjusted non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and
`non-cash charges that occur relatively infrequently and/or that we consider to be unrelated to our core operations. For further information regarding these non-IFRS measures, please refer to “Appendix” in this presentation.
`
`Adjusted non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of
`adjusted non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their
`usefulness as a comparative measure.
`
`Greenthread Ex 2015, p.3 of 125
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`
`

`

`Partnering to Change
`the Industry that is
`Changing the World
`
`Dr. Thomas Caulfield – President and CEO
`
`Greenthread Ex 2015, p.4 of 125
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`
`

`

`Technology Megatrends Shaping the
`Economy
`
`Smart, connected
`devices
`
`Explosion of
`AI & ML
`
`Adoption
`of AR & VR
`
`Data everywhere
`
`Megatrends accelerated or limited by semiconductors
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`
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`

`

`New Golden Age for Semiconductors
`
`Semiconductor Industry Revenue
`$Bn
`1,000
`
`750
`
`500
`
`250
`
`PC
`
`0
`
`'85
`
`+ Mobile
`
`+ Datacenter
`+ Networking
`
`'90
`
`'95
`
`'00
`
`'05
`
`'10
`
`+ Everywhere: pervasive
`
`3x
`faster
`
`Semiconductor
`market is
`expected to
`grow to more
`than $1 trillion
`by the end of
`this decade
`– VLSI Research
`
`'20
`
`'25
`
`'30
`
`4%(1)
`
`'15
`
`Compute Centric
`
`Pervasive deployment of semiconductors
`
`Source: Statista, IDC Worldwide Semiconductor Forecast Update May 2021
`
`Note:
`1. IBS Research, 2010-2020 CAGR 3.96%
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`
`

`

`Foundries: Bedrock of the Tech Ecosystem
`
`Market Size (2021)
`$89T
`Global GDP
`
`$2.2T
`Electronics
`
`~6%
`CAGR growth
`(21-26)
`
`~8%
`CAGR growth
`(21-26)
`
`$595Bn
`Semiconductors
`
`$96Bn
`Foundry
`
`1,000s of companies
`
`100s of companies
`
`Only 5 at scale(1),
`3 of which are in China
`and Taiwan
`
`Semiconductors outpace GDP & foundry outpaces semiconductors
`
`Source: Global GDP: World Bank, IMF. Electronics; Semiconductors and Foundry: Gartner "Forecast, Semiconductor Foundry Revenue, Supply and Demand, Worldwide, 1Q22 Update (April 2022)
`
`Note:
`1. Excludes smaller foundry players, defined as those with less than $2Bn of foundry revenue
`
`| GlobalFoundries © 2022 All Rights Reserved
`
`GlobalFoundries © 2022 All Rights Reserved
`
`7
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`
`

`

`Dynamic Shifts in the Industry
`
`Demand volatility due to compute cycles
`“Chasing Moore”
`
`Broad-based, durable demand drivers
`“A new era of more”
`
`Supply leads the way
`Capacity assumed as infinite
`
`Foundry takes all the risk
`“Build it and they will come”
`
`Scarce capacity is precious
`Supply will chase demand
`
`Partner to build together
`“Everyone has skin in the game”
`
`Imbalanced value capture
`Sub-par return on invested capital
`
`Sustainable value sharing
`Value in supply security and differentiation
`
`A new collaborative partnership model is required
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`
`

`

`GF Journey and Strategic Re-positioning
`
`1.0 Creation
`GlobalFoundries was created based on the
`thesis that the world needed a geographically
`diverse alternative to Taiwan
`
`2.0 Transformation
`Strategically re-positioned to serve pervasive
`semiconductor end markets
`
`3.0 Realization
`The world’s leading manufacturer of feature-
`rich semiconductor solutions
`
` Strengthened management team aligned to
`mission
` Refocused investments & accelerated
`differentiated solutions focused on
`pervasive markets
` Increased single-sourced products
` Driving margin expansion and earnings
`growth
`
` Gain share in secular end-markets
` Innovate in purpose-built platforms and
`solutions
` Capital efficient expansion through
`partnerships
` Deliver best-in-class financials
`
`2009
`
`2017
`
`2018
`
`2021
`
`2022
`
`2030
`
`GlobalFoundries © 2022 All Rights Reserved
`
`9
`
`Greenthread Ex 2015, p.9 of 125
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`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Broad and deep
`CUSTOMER
`partnerships driving
`win-win outcomes
`
`Global manufacturing
`FOOTPRINT focused
`on supply security,
`diversity &
`sustainability
`
`Resilient BUSINESS
`MODEL with strong
`earnings growth
`visibility
`
`GlobalFoundries © 2022 All Rights Reserved
`
`10
`
`Greenthread Ex 2015, p.10 of 125
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`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`GlobalFoundries © 2022 All Rights Reserved
`
`11
`
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`
`

`

`GF’s Secular Growth Markets
`
`Smart Mobile Devices
`4G to 5G to 6G transition
`
`Home and Industrial IoT
`Proliferation of devices
`
`Automotive
`ICE to ACE transition
`
`Comms Infrastructure & Datacenter
`Explosion of devices, data and internet traffic
`
`GF’s $100Bn+ SAM by End Market (1)
`$Bn
`
`111
`
`+8%
`84
`
`54
`
`2025
`2020
` 2.0
` 1.0
`Source: Global GDP: World Bank, IMF. Electronics; Semiconductors and Foundry: Gartner "Forecast, Semiconductor Foundry Revenue, Supply and Demand, Worldwide, 1Q22 Update (April 2022), IOT Analytics
`
`2030
` 3.0
`
`Note:
`1. Gartner and GF estimates; PC SAM combined under Communications Infrastructure and Datacenter
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Industry $0.5Bn->$1T in
`next 8-10 years
`
`>$100Bn SAM by
`2030 – CAGR of 8%
`
`Focused on durable
`sub-segments
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`
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`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`GlobalFoundries © 2022 All Rights Reserved
`
`14
`
`Greenthread Ex 2015, p.14 of 125
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`
`

`

`Innovation Through Market Driven
`Purpose-Built Platforms
`
`Optimizing digital processing
`& application specific features
`
`The ultimate in low power, performance with
`superior connectivity
`
`Innovating
`beyond silicon
`
`Feature-Rich
`CMOS
`Complementary
`Metal-Oxide
`Semiconductor
`
`3
`
`FDX
`Fully-Depleted
`SOI
`
`Mixed-technologies for
`power management,
`high-voltage, embedded
`memory
`
`FinFET
`Fin Field-Effect
`Transistor
`
`Enabling new high-
`performance, low-power
`applications
`
`SiPh
`Silicon
`Photonics
`
`WBG: GaN
`Gallium Nitride
`
`RF SOI
`RF
`Silicon-on-Insulator
`
`Higher data rates with
`greater power efficiency
`
`SiGe
`Silicon
`Germanium
`
`High efficiency
`power conversion
`
`High performance,
`power efficient
`“Systems-On-a-Chip”
`
`Low Power / Low Noise
`/ Low Latency
`/ High Frequencies
`
`Power amplifier and
`very-high-frequency
`applications
`
`Innovation beyond transistor size
`
`GlobalFoundries © 2022 All Rights Reserved
`
`15
`
`Greenthread Ex 2015, p.15 of 125
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`
`

`

`GF’s Ecosystem: More Than a Decade in
`the Making
`
`Design enablement network
`
`IP
`
`FDX™
`
`RF
`
`EDA
`
`Design
`services
`
`OSAT
`
`Our partner community
`
`100+
`Ecosystem partners spanning IP,
`EDA, OSAT and design services
`
`4500+
`Total IP titles across all nodes
`from >50 IP partners
`
`950+
`IP titles currently in active development
`across 26 process nodes and 34 IP partners
`
`300+
`Clients enabled by ecosystem
`partner IPs in the last 5 years
`
`1700+
`Client designs enabled by ecosystem
`partners in the last 5 years
`
`GlobalFoundries © 2022 All Rights Reserved
`
`16
`
`Greenthread Ex 2015, p.16 of 125
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Focus on innovation for
`~75% of the market
`
`Innovating for lower power
`and higher connectivity
`
`100+ ecosystem partners
`(IP, EDA, OSAT & design)
`
`GlobalFoundries © 2022 All Rights Reserved
`
`17
`
`Greenthread Ex 2015, p.17 of 125
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Broad and deep
`CUSTOMER
`partnerships driving
`win-win outcomes
`
`GlobalFoundries © 2022 All Rights Reserved
`
`18
`
`Greenthread Ex 2015, p.18 of 125
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`
`

`

`Partnerships with a Broad Customer Base
`
`200+ customers
`
`Partnership model focused on:
` Certainty
` Durability
` Profitability
`
`35+ LTAs covering $27Bn+ with
`~$3.6Bn of advance payments
`
`We meet our customers where they are
`
`GlobalFoundries © 2022 All Rights Reserved
`
`19
`
`Greenthread Ex 2015, p.19 of 125
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Broad and deep
`CUSTOMER
`partnerships driving
`win-win outcomes
`
`200+ broad customer base
`with ~$27Bn LTAs, 36%
`YoY increase
`
`~$3.6Bn adv. payments &
`capacity reservation fees
`
`Innovative economic model
`with public-private & customer
`participation
`
`GlobalFoundries © 2022 All Rights Reserved
`
`20
`
`Greenthread Ex 2015, p.20 of 125
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Broad and deep
`CUSTOMER
`partnerships driving
`win-win outcomes
`
`Global manufacturing
`FOOTPRINT focused on
`supply security, diversity
`& sustainability
`
`GlobalFoundries © 2022 All Rights Reserved
`
`21
`
`Greenthread Ex 2015, p.21 of 125
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`
`

`

`Global Manufacturing Footprint & Strategy
`
`Burlington, VT, USA
`
`Dresden, Germany
`
`Malta, NY, USA
`
`East Fishkill, NY, USA*
`*Transfer to Onsemi end of 2022
`
`Singapore
`
`Crolles, France
`
`Supply chain security through
`dual-technology qualification
`
`Economies of scale through
`modular expansion at existing sites
`+50%
`Capacity increase by
`2020 vs 2025
`
`Capital efficiency through
`partnership model
`
`GlobalFoundries © 2022 All Rights Reserved
`
`22
`
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`
`

`

`Innovative Partnership Model for
`Expansion in France
`
`Targeting
`attractive
`growth
`MARKETS
`
`Robust demand
`for differentiated
`TECHNOLOGIES
`
`Backed by
`CUSTOMER
`pre-pays and
`agreements
`
`Modular
`FOOTPRINT
`expansion in
`Europe
`
`Attractive and
`accretive to LT
`BUSINESS
`MODEL
`
`~3x(1)
`
`Auto
`
`Ind/IoT
`
`2020 2030
`
`3
`
`FD-SOI
`
`> 75 FDX
`products
`introduced(2)
`
`GF
`~80%
`
`Customers
`~20%
`
`~3x(4)
`
`France
`
`Germany+
`
`Germany
`
`Net Capex(3)
`(estimated)
`
`2020 2028
`
`Accretive to
`GF Model
`
`Govt Funding
`
`Advance
`Payments
`
`Note:
`1.
`2.
`3.
`4.
`
`Represents foundry SAM
`From 1/1/2019
`Net capex is defined as capital expenditures net of government grants
`Represents GF’s wafer manufacturing capacity
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`
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`

`

`Trusted partner: GF’s DNA
`
`Trusted to deliver to
`our customers
`
`Trusted to deliver the
`right way
`
`Trusted to deliver a secure
`supply chain
`
`99%
`On-time delivery
`
`99%
`Production Line Yield
`Automotive quality
`
`>95%
`NPI execution FTPS
`
`Safety
`One of America’s safest
`companies
`
`Conflict-free
`Supply chain for 3TG(1)
`
`25%
`GHG emissions
`reduction by 2030
`
`Capacity expansion
`$3.6Bn advance payments
`
`Supply security
`Technologies dual qualified
`for supply chain security
`
`ITAR trusted foundry
`Trusted supplier to DoD
`
`Note:
`1. Gold, tantalum, tungsten and tin
`
`GlobalFoundries © 2022 All Rights Reserved
`
`24
`
`Greenthread Ex 2015, p.24 of 125
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Broad and deep
`CUSTOMER
`partnerships driving
`win-win outcomes
`
`Global manufacturing
`FOOTPRINT focused on
`supply security, diversity
`& sustainability
`
`>50% capacity expansion
`from 2020 levels
`
`Economy of scale through
`modular expansion at existing
`sites in global footprint
`Dual site sourcing provides
`flexibility & security
`
`25% GHG reduction in
`emissions by 2030
`
`GlobalFoundries © 2022 All Rights Reserved
`
`25
`
`Greenthread Ex 2015, p.25 of 125
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Broad and deep
`CUSTOMER
`partnerships driving
`win-win outcomes
`
`Global manufacturing
`FOOTPRINT focused on
`supply security, diversity
`& sustainability
`
`Resilient BUSINESS
`MODEL with strong
`earnings growth
`visibility
`
`GlobalFoundries © 2022 All Rights Reserved
`
`26
`
`Greenthread Ex 2015, p.26 of 125
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`
`

`

`Resilient Business Model with Strong
`Visibility
`
`Multi-year Capacity Coverage
`
`~80%
`2022-2025 capacity covered by LTAs
`
`90%
`single-sourced DWINs(1) in 1H’22
`
`19%
`YoY mix and pricing increase 1H’21 - 1H’22 (2)
`
`Certainty
`
`Durability
`
`Profitability
`
`100%
`
`100%
`
`~75%
`
`~51%
`
`2022
`
`2023
`
`2024
`
`2025
`
`Oversubscribed
`
`Long-term Agreements
`
`Committed DWINs & New Business
`
`Note:
`1.
`
`A DWIN, or design win, is defined as the successful completion of the evaluation stage, where a customer has assessed our technology solution, verified that it meets its requirements,
`qualified it for their products and confirmed to us their selection.
`2. Wafer hardware only
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`GF Enables and Accelerates Our
`Customers’ Growth
`
`Platform solution
`provider addressing
`secular growth
`MARKETS
`
`Extensive portfolio
`of differentiated &
`purpose-built
`TECHNOLOGIES
`
`Broad and deep
`CUSTOMER
`partnerships driving
`win-win outcomes
`
`Global manufacturing
`FOOTPRINT focused on
`supply security, diversity
`& sustainability
`
`Resilient BUSINESS
`MODEL with strong
`earnings growth
`visibility
`
`8-12% LT revenue growth
`(outpacing 8% SAM CAGR)
`
`~40% LT GM% driven by mix,
`scale, and productivity
`
`Disciplined investment strategy
`with capex at ~20% of revenue
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Delivering on Our Commitments
`Commitment at IPO
`Our Results
`Penetrate and grow in secular
`Auto & IOT: ~65% YoY growth in revenue in
`1H’22 and ~$3.6Bn in DWINs in last 12 months
`end-markets
`
`Purpose-built platform and solutions
`
`90% single-sourced DWINs in 1H’22; 22FDX+ qualified
`for production; launched FotonixTM and RF ConnexTM
`
`Deliver a commercial strategy focused on
`certainty, durability and profitability
`
`~$27Bn LTAs; +36% YoY increase providing multi-year
`visibility with ~$3.6Bn advance payments
`
`Modular capital-efficient expansion
`
`Malta, Dresden and Singapore ramps on-budget, on-
`schedule with 10% increase in wafer shipments 1H’22
`vs 1H’21
`
`Powerful long-term model with high
`degree of visibility through 2025
`
`~29% revenue and ~187% adj. gross profit
`increase 1H’22 vs 1H’21
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`GF’s Leadership Team
`
`Dr. Thomas Caulfield
`CEO & President
`
`David Reeder
`Chief Financial Officer
`
`Juan Cordovez
`Chief Commercial Officer
`
`Mike Hogan
`Chief Business Officer
`
`Gregg Bartlett
`Chief Technology Officer
`
`KC Ang
`Chief Manufacturing Officer
`
`Mike Cadigan
`Chief Quality Officer
`
`Kevin Soukup
`Chief Strategy Officer
`
`Emily Reilly
`Chief People Officer
`
`Laurie Kelly
`Chief Communications Officer
`
`Saam Azar
`Chief Legal Officer
`
`Confidential | GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`End Markets
`Overview
`
`Ed Kaste – Senior VP, Product Management
`
`Greenthread Ex 2015, p.31 of 125
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`
`

`

`Uniquely Positioned in Markets that Matter
`
`Smart Mobile Devices
`SAM: $23Bn $40Bn
`(2020 2030)
`61 GF sub-markets:
`Front-end module
`Audio
`Many more
`
`Home and Industrial IoT
`SAM: $16Bn $32Bn
`(2020 2030)
`70 GF sub-markets:
`Wireless
`HMI
`Many more
`
`Automotive
`
`Communications Infrastructure
`and Datacenter
`
`SAM: $4Bn $14Bn
`(2020 2030)
`27 GF sub-markets:
`Smart sensors
`Power management
`Many more
`
`SAM: $10Bn $25Bn
`(2020 2030)
`58 GF sub-markets:
`Silicon Photonics
`SatComm
`Many more
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`5G and Content Increase Driving Growth
`
`Smart Mobile Devices
`
`5G
`rollout
`
`Increasing handset
`content
`
`Companion device
`market expanding
`
`GF SAM
`growth
`
`1.75Bn
`
`1.57Bn
`
`Non-5G
`5G-enabled
`
`~3% CAGR
`Total
`
`~26% CAGR
`for 5G
`
`2021
`
`2025
`
`iPhone 10
`(LTE, 4G)
`411 mm2
`
`1.5x
`
`iPhone 13
`(5G)
`640 mm2
`
`6% CAGR
`
`2030
`$40Bn
`
`2020
`$23Bn
`
`Source: Units in Bn, Gartner, BoA, GfK, Yole
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Key Applications for GF
`
`Smart Mobile Devices
`
`5G sub-6GHz + mmWave
`
`6G
`
`Wi-Fi 6/6e
`
`Wi-Fi 7
`
`Immersive display
`
`Imaging and 3D sensors
`
`Smart audio
`
`Secure transaction
`
`Power management
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Ultra-fast, Seamless, Reliable Connectivity
`
`Smart Mobile Devices
`
`End user
`applications
`
`Capabilities
`required
`
`GF’s differentiated
`performance
`
`Bridging the cellular and
`wireless experience
`effortlessly
`
`Rate
`
`Range
`
`Power
`
`RF-SOI
`
`FDX®
`
`SiGe
`
`GaN
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`A Richer, More Immersive Mobile UX
`
`Smart Mobile Devices
`
`End user
`applications
`
`Capabilities
`required
`
`GF’s differentiated
`performance
`
`Hyperconnected human
`experience bridging
`physical & digital worlds
`
`Touch
`
`Hear
`
`See
`
`Trust
`
`FDX®
`
`BCDL®
`
`NVM
`
`HV
`
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`
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`

`

`Key Highlights
`
`~$2.0Bn
`
`~$3.4Bn
`
`~$16.6Bn
`
`1H 2022 Wafer
`Revenue ~20% YoY
`
`DWINs
`Trailing 12 months
`
`Long-term
`Agreements 2022+
`
`Smart Mobile Devices
`
`Winning with market leaders
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Insatiable Demand for Monetizable Data
`
`Home and Industrial IoT
`
`Ever expanding
`range of applications
`
`Proliferation
`of devices
`
`Exploding economic
`value of IoT data
`
`GF SAM
`Growth
`
`Number of IoT devices (B)
`
`Economic value of IoT data ($T)
`
`~2.5x
`
`~3x
`
`Smart
`homes
`
`Environmental
`monitoring
`
`Remote
`inspection
`
`Smart
`buildings
`
`Traffic
`management
`
`Agriculture
`
`7% CAGR
`
`2030
`$32Bn
`
`2020
`$16Bn
`
`Supply chain
`Management
`
`Smart
`grids
`
`2020
`
`2025
`
`2020
`
`2025
`
`Source: McKinsey IoT value estimated (middle of range); number of devices from IoT Analytics
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Key Applications for GF
`
`Home and Industrial IoT
`
`Wireless connectivity
`
`Human-machine interface
`
`Real-world sensing
`
`Trusted / Security
`
`Connected consumer
`
`Smart home
`
`Smart appliances
`
`Industrial and medical sensing
`
`Power management
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Wide Range of Applications in Wireless IoT
`
`Home and Industrial IoT
`
`End user
`applications
`
`Capabilities
`required
`
`GF’s differentiated
`performance
`
`Rate
`
`Range
`
`Battery life
`
`FDX®
`
`Video streaming
`Connected camera
`Smart home
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Wide Range of HMI Applications in IoT
`
`Home and Industrial IoT
`
`End user
`applications
`
`Smart home appliances
`Smart speaker
`Security system
`
`Capabilities
`required
`
`Intuitive
`
`Pain-free
`
`Efficient
`
`Convenient
`
`Trusted
`
`GF’s differentiated
`performance
`
`FDX®
`
`Feature rich
`CMOS
`
`BCD
`
`NVM
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Key Highlights
`
`~$669MM
`1H 2022 Wafer
`Revenue ~63% YoY
`
`~$2.1Bn
`DWINs
`Trailing 12 months
`
`~$3.9Bn
`Long-term
`Agreements 2022+
`
`Home and Industrial IoT
`
`Winning with market leaders
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Auto Silicon Content Exploding
`
`Automotive
`
`More vehicles
`Many more (H)EVs
`
`Much more silicon
`per vehicle
`
`More engagement
`with foundries
`
`GF SAM growth
`to 2030
`
`~4% CAGR
`
`71%
`
`29%
`
`2030
`
`92%
`
`8%
`2021
`
`Source: McKinsey, Gartner
`
`ICE
`EV
`
`ICE level 1
`
`ICE level 1
`EV level 2
`
`EV level 2
`EV level 4
`
`EV level 4
`
`~$500 of
`semi content
`
`~$1,500 of
`semi content (3x)
`
`~$3,000 of
`semi content (6x)
`
`Global Auto
`$2.6T
`
`Auto Electronics
`$126Bn
`
`Auto Semi
`$35Bn
`
`Foundry
`
`15% CAGR
`
`2030
`$14Bn
`
`2020
`$4Bn
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Key Applications for GF
`
`Automotive
`
`Radar
`
`Lidar
`
`Battery management system
`
`Inverter and on-board charging
`
`In-vehicle network
`
`5G connectivity
`
`Display
`
`Comfort / Experience
`
`DC to DC conversion
`
`Keyless
`
`Power management
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Sensing Fundamental to All Levels of ADAS
`
`Automotive
`
`End user
`applications
`
`Autopilot in highway and
`urban traffic scenarios
`
`Capabilities
`required
`
`Range
`
`Field of view
`
`Resolution
`
`Robustness
`
`Power
`
`Intelligence
`
`GF’s differentiated
`performance
`
`FDX ®
`SiGe
`Feature-rich
`CMOS
`FinFET
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Power as the New Currency in Auto
`
`Automotive
`
`End user
`applications
`
`Capabilities
`required
`
`GF’s differentiated
`performance
`
`300+ mile range
`Delivering a smartphone
`like user experience
`Time to charge
`
`Efficient power:
`
`Creation
`
`Conversion
`
`Monitoring
`
`BCD
`Feature-rich
`CMOS
`GaN
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Reinventing the Automotive Supply Chain
`
`Automotive
`
`Traditional model
`
`New model
`
`Tiers of intermediaries
`
`1-to-1 foundry-to-automotive relationship
`
`Indirect communication
`
`Direct working exchange
`
`Separated R&D
`
`Engineering collaboration
`
`Tactical relationship
`
`Strategic planning and investments
`
`Create a “new model” for automotive semiconductors:
`Technical differentiation and secure supply chain
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Key Highlights
`
`Automotive
`
`~$163MM
`1H 2022 Wafer
`Revenue ~79% YoY
`
`~$1.5Bn
`DWINs
`Trailing 12 months
`
`~$2.0Bn
`Long-term
`Agreements 2022+
`
`Winning with market leaders
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Growth of Datacenter and Data Traffic
`
`Communications Infrastructure and Datacenter
`
`Explosion of devices,
`data and internet traffic
`
`Continued rapid growth
`of cloud
`Cloud computing market ($Bn)
`
`2020
`
`2030
`
`20x
`
`9x
`
`3x
`
`Devices
`per
`person
`
`Data
`generated
`
`Internet
`traffic
`
`4.2x
`
`380
`
`2021
`
`1,600
`
`2030
`
`Increased density
`of cell towers &
`non terrestrial networks
`
`2020
`353K (1)
`
`4x
`
`2030
`1.4MM (1)
`
`2020
`3.3K
`
`6x
`
`2030
`20K
`
`GF SAM growth
`to 2030
`
`~9% CAGR
`
`2030
`$25Bn
`
`2020
`$10Bn
`
`Source: Euroconsult, McKinsey, IDC, S&P Global Market Intelligence; Precedence Research
`Note:
`1. US-only
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Key Applications for GF
`
`Communications Infrastructure and Datacenter
`
`Networking
`
`Redriver
`
`Chiplets
`
`Copper-to-fiber
`
`Power delivery
`
`5G Infra: Sub8GHz / mmWave
`
`WiFi infrastructure
`
`Satellite communications
`
`Power management
`
`GlobalFoundries © 2022 All Rights Reserved
`
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`

`

`Next Generation 5G Infrastructure
`
`Communications Infrastructure and Datacenter
`
`End user
`applications
`
`Capabilities
`required
`
`GF’s differentiated
`performance
`
`Increased range + greater
`area coverage
`Increased data rate + low
`latency for HD