Slide 1: Financials and Metrics Q4 2020
FINANCIALS AND METRICS Q4 2020 © 2021 VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 2: Notes on Forward-Looking Statements
NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,” “should” or other simil
Slide 3: Highlights Q4 2020
Highlights Q4 2020 • Revenues Q4 of $667 million; year 2020 of $2,502 million. • Gross margin Q4 of 22.8%; year 2020 of 23.3%. • Adjusted gross margin Q4 of 22.9%; year 2020 of 23.4%. • Operating margin Q4 of 9.0%; year 2020 of 8.4%. • Adjusted operating margin Q4 of 8.9%; year 2020 of 8.5%. • EPS Q
Slide 4: Quarterly Financials Results
Quarterly Financials Results in millions, except per share amounts Q4 2020 Q3 2020 Q4 2019 Net revenues $667 $640 $610 Gross profit $152 $152 $135 22.8% 23.7% 22.2% Operating income $60 $61 $24 9.0% 9.6% 4.0% Net earnings attributable to Vishay stockholders $38 $33 $14 Weighted average shares outsta
Slide 5: Adjusted Quarterly Financials Results
Adjusted Quarterly Financials Results in millions, except per share amounts Q4 2020 Q3 2020 Q4 2019 Net revenues $667 $640 $610 Gross profit $153 $152 $135 22.9% 23.7% 22.2% Operating income $60 $61 $41 8.9% 9.6% 6.7% Net earnings attributable to Vishay stockholders $41 $36 $18 Weighted average shar
Slide 6: Reconciliation of GAAP to Adjusted
Reconciliation of GAAP to Adjusted Q4 Q3 Q4 In millions 2020 2020 2019 GAAP net earnings $38 $33 $14 attributable to Vishay stockholders Reconciling items affecting gross profit Impact of the COVID-19 outbreak $0 $0 - Other reconciling items affecting operating income Restructuring and severance cos
Slide 7: Yearly Financials Results
Yearly Financials Results in millions, except per share amounts 2020 2019 Net revenues $2,502 $2,668 Gross profit $582 $671 23.3% 25.2% Operating income (loss) $210 $262 8.4% 9.8% Net earnings (loss) attributable to Vishay stockholders $123 $164 Weighted average shares outstanding for EPS 145 145 EP
Slide 8: Adjusted Yearly Financials Results
Adjusted Yearly Financials Results in millions, except per share amounts 2020 2019 Net revenues $2,502 $2,668 Gross profit $587 $671 23.4% 25.2% Operating income (loss) $214 $287 8.5% 10.7% Net earnings (loss) attributable to Vishay stockholders $134 $183 Weighted average shares outstanding for EPS
Slide 9: Yearly Reconciliation of GAAP to Adjusted
Yearly Reconciliation of GAAP to Adjusted In millions 2020 2019 GAAP net earnings $123 $164 attributable to Vishay stockholders Reconciling items affecting gross profit Impact of the COVID-19 outbreak $5 - Other reconciling items affecting operating income Restructuring and severance costs $1 $24 Im
Slide 10: Book-to-Bill Detail
Book-to-Bill Detail Q4 Q3 Q2 Q1 Q4 2020 2020 2020 2020 2019 Book-to-bill Vishay 1.44 0.99 0.82 1.17 0.94 Book-to-bill distribution 1.89 0.99 0.75 1.30 0.94 Book-to-bill OEMs 0.96 1.01 0.93 1.04 0.95 Book-to-bill semiconductors 1.61 0.98 0.81 1.27 0.95 Book-to-bill passive components 1.27 1.00 0.83 1
Slide 11: Operational Metrics
Operational Metrics Q4 Q3 Q2 Q1 Q4 2020 2020 2020 2020 2019 vs. prior quarter (0.3) (1.1) 0.1 1.1 0.8 Change in ASP Vishay vs. prior year (2.8) (2.7) (2.7) (2.9) (3.0) vs. prior quarter (0.2) (1.2) (0.2) (1.3) (1.2) Change in ASP semiconductors vs. prior year (3.9) (4.1) (4.5) (5.0) (5.9) vs. prior
Slide 12: Revenues Q4 2020
Revenues Q4 2020 11% INDUCTORS 10% OPTO 32% INDUSTRIAL 21% DIODES 36% AUTOMOTIVE 24% RESISTORS 6% CONSUMER 5% POWER SUPPLIES 20% MOSFETs 5% MILTARY/AERO 14% CAPACITORS 8% COMPUTING 3% TELECOM 5% MEDICAL BUSINESS SEGMENTS END MARKETS 42% OEM 42% ASIA 24% AMERICAS 52% DISTRIBUTION 34% EUROPE 6% EMS RE
Slide 13: Vishay Revenues and Gross Margin % Quarterly
Vishay Revenues and Gross Margin % Quarterly excl. Spin-Off Vishay Precision Group in 2010 $ in millions % 800 45 750 40 700 35 650 30 600 25 550 20 500 15 450 10 400 5 350 0 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 2004 2005 2006 2007 200
Slide 14: Vishay Revenues and Gross Margin % Yearly
Vishay Revenues and Gross Margin % Yearly $ in millions excl. Spin-Off Vishay Precision Group in 2010 % 3,400 36 3,100 32 2,800 28 2,500 24 2,200 20 1,900 16 1,600 12 1,300 8 1,000 4 700 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 © 2021 VISHAY INTERTECHNOL
Slide 15: Vishay Revenues Quarterly by Product Segment
Vishay Revenues Quarterly by Product Segment $ in millions $ in millions 300 300 250 250 200 200 150 150 100 100 50 50 0 0 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Slide 16: Vishay Revenues Yearly by Product Segment
Vishay Revenues Yearly by Product Segment $ in millions $ in millions 1100 1100 1000 1000 900 900 800 800 700 700 600 600 500 500 400 400 300 300 200 200 100 100 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 MOSFETs Diodes Opto Resistors/Inductors Capacitor
Slide 17: Vishay Gross Margins Quarterly by Production Segment
Vishay Gross Margins Quarterly by Production Segment % % 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 MOSFET
Slide 18: Vishay Gross Margins Yearly by Product Segment
Vishay Gross Margins Yearly by Product Segment % % 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 MOSFETs Diodes Opto Resistors/Inductors Capacitors Resistors Inductors © 2021 VISHAY INTERTECHNOLOGY, INC. A