Slide 1: Financials and Metrics Q1 2022
FINANCIALS AND METRICS Q1 2022 © 2022 VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 2: Highlights Q1 2022
Highlights Q1 2022 • Revenues Q1 of $854 million. • Gross margin Q1 of 30.3%. • Operating margin Q1 of 17.1%. • EPS Q1 of $0.71. • Free Cash for the trailing 12 months of $209 million. • Total Stockholder Return Q1 of $24.4 million--$14.5 million of dividend payments and $9.9 million of stock repurc
Slide 3: Quarterly Financials Results
Quarterly Financials Results Q1 Q4 Q1 in millions, except per share amounts 2022 2021 2021 Net revenues $854 $843 $765 Gross profit $259 $230 $203 30.3% 27.3% 26.5% Operating income $146 $122 $97 17.1% 14.4% 12.7% Net earnings attributable to Vishay stockholders $104 $37 $71 Weighted average shares
Slide 4: Adjusted Quarterly Financials Results
Adjusted Quarterly Financials Results Q1 Q4 Q1 in millions, except per share amounts 2022 2021 2021 Net revenues $854 $843 $765 Gross profit $259 $230 $203 30.3% 27.3% 26.5% Operating income $146 $122 $97 17.1% 14.4% 12.7% Net earnings attributable to Vishay stockholders $104 $90 $67 Weighted averag
Slide 5: Reconciliation of GAAP to Adjusted
Reconciliation of GAAP to Adjusted in millions, except for per share amounts Q1 Q4 Q1 2022 2021 2021 GAAP net earnings $104 $37 $71 attributable to Vishay stockholders Reconciling items affecting tax expense (benefit): Change in tax laws and regulations - $53 ($4) Adjusted net earnings $104 $90 $67
Slide 6: Book-to-Bill Detail
Book-to-Bill Detail Q1 Q4 Q3 Q2 Q1 2022 2021 2021 2021 2021 Book-to-bill Vishay 1.14 1.09 1.26 1.38 1.67 Book-to-bill distribution 1.16 1.06 1.29 1.41 1.89 Book-to-bill OEMs 1.13 1.15 1.23 1.34 1.41 Book-to-bill semiconductors 1.14 1.08 1.27 1.41 1.86 Book-to-bill passive components 1.15 1.11 1.26 1
Slide 7: Operational Metrics
Operational Metrics Q1 Q4 Q3 Q2 Q1 2022 2021 2021 2021 2021 vs. prior quarter 2.4 1.3 1.3 1.0 (0.5) Change in ASP Vishay vs. prior year 6.0 3.4 2.2 (0.3) (1.4) vs. prior quarter 3.4 1.7 2.2 1.5 (1.0) Change in ASP semiconductors vs. prior year 8.8 5.0 3.8 (0.7) (2.1) vs. prior quarter 1.4 0.8 0.3 0.
Slide 8: Revenues Q1 2022: $854 million
Revenues Q1 2022: $854 million 10% INDUCTORS 10% OPTO 30% AUTOMOTIVE 40% INDUSTRIAL 21% DIODES 24% RESISTORS 4% CONSUMER 8% COMPUTING 20% MOSFETs 5% POWER SUPPLIES 15% CAPACITORS 4% TELECOM 4% MEDICAL 5% MILTARY/AERO BUSINESS SEGMENTS END MARKETS 35% OEM 40% ASIA 26% AMERICAS 58% DISTRIBUTION 7% EMS
Slide 9: Revenues and Gross Margin % Quarterly
Vishay Revenues and Gross Margin % Quarterly $ in millions excl. Spin-Off Vishay Precision Group in 2010 % 900 55 850 50 800 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 Q1 Q3 Q1
Slide 10: 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 SALES GM % © 2022 VIS
Slide 11: 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 Q1 Q3 Q1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2
Slide 12: 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 2021 MOSFETs Diodes Opto Resistors/Inductors Capa
Slide 13: Gross Margins Quarterly by Product Segment
Vishay % Gross Margins Quarterly by Product Segment % 45 45 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 Q1 Q3 Q1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 14: 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 2021 MOSFETs Diodes Opto Resistors/Inductors Capacitors Resistors Inductors © 2022 VISHAY INTERTECHNOLOGY, I