Vishay Precision Group, Inc. · NYSE:VPG
Vishay Precision — Q1 2021 Earnings Presentation
12 slides from Vishay Precision's earnings presentation, May 11, 2021
Slide 1: Vishay Precision Group
Vishay Precision Group PERFORMANCE THROUGH PRECISION VPG First Quarter Fiscal 2021 Earnings — May 11, 2021 PERFORMANCE THROUGH PRECISION
Slide 2: Safe Harbor Statement
Safe Harbor Statement From time to time, information provided by us, including but not limited to statements in this report, or other statements made by or on our behalf, may contain "forward- looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. Such state
Slide 3: First Quarter 2021 Highlights
First Quarter 2021 Highlights • Orders of $85.5 million grew 22.0% sequentially and 16.7% from prior year; 1Q21 book-to-bill of 1.21 reflects demand momentum ◦ Robust demand for precision foil resistors, on-board weighing solutions, and advanced sensors ◦ Project-driven orders for steel related prod
Slide 4: Consolidated Results/Market Trends
Consolidated Results/Market Trends Financial Highlights Revenue by Market ($ in millions) Fiscal quarter ended ($ in millions) Fiscal quarter ended April 3, March 28, December April 3, March 28, December 2021 2020 31, 2020 2021 2020 31, 2020 Net revenues $ 70.6 $ 67.7 $ 75.4 Test & Measurement $ 14.
Slide 5: Segment Results/Trends
Segment Results/Trends Weighing and Control Foil Technology Products Force Sensors Systems ($ in millions) Q1 Q1 Q4 Q1 Q1 Q4 Q1 Q1 Q4 2021 2020 2020 2021 2020 2020 2021 2020 2020 Net revenues $ 32.7 $ 30.5 $ 36.5 $ 16.9 $ 14.7 $ 16.3 $ 20.9 $ 22.5 $ 22.7 Gross profit $ 13.0 $ 11.2 $ 14.0 $ 6.0 $ 3.6
Slide 6: Financial Results
Financial Results Fiscal quarter ended ($ in millions, except per share amounts) December 31, April 3, 2021 March 28, 2020 2020 Net revenues $ 70.6 $ 67.7 $ 75.4 Organic Growth Acquisitions Gross profit $ 28.6 $ 25.1 $ 28.7 Gross profit margin 40.5 % 37.0 % 38.1 % Selling, general, and administrativ
Slide 7: Selected Balance Sheet Items
Selected Balance Sheet Items ($ in Millions) April 3, 2021 March 28, 2020 December 31, 2020 Cash & cash equivalents $ 96.2 $ 82.7 $ 98.4 Total assets $ 398.6 $ 364.8 $ 401.9 Total long-term debt $ 40.6 $ 40.7 $ 40.6 Total liabilities $ 138.0 $ 125.7 $ 144.0 7 PERFORMANCE THROUGH PRECISION
Slide 8: Thank You
Thank You PERFORMANCE THROUGH PRECISION 8 8
Slide 9: Appendix
Appendix PERFORMANCE THROUGH PRECISION 9 9
Slide 10: Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted EPS
Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted Earnings Per Share - Quarter Net Earnings Attributable to Gross Profit Operating Income VPG Stockholders Diluted Earnings Per share March 28, March 28, March 28, March 28, Three months ended April 3, 2021 2020 April
Slide 11: Reconciliation of Adjusted Gross Profit by Segment
Reconciliation of Adjusted Gross Profit by Segment 2021 2020 2020 Q1 Q1 Q4 Foil Technology Products As reported - GAAP $ 13,039 $ 11,201 $ 14,023 As reported - GAAP Margins 39.9 % 36.7 % 38.4 % COVID-19 impact 53 — 163 Start-up costs $ 129 $ — $ — As Adjusted - Non GAAP $ 13,221 $ 11,201 $ 14,186 As
Slide 12: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA PERFORMANCE THROUGH PRECISION 12
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