Slide 1: First Quarter 2025 Financial Results Conference Call
First Quarter 2025 Financial Results Conference Call Supporting Slides May 14, 2025
Slide 2: Safe Harbor
This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Safe Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and a
Slide 3: First Quarter 2025 Financial Results Highlights
First Quarter 2025 Financial Results Highlights $372M* • Q1 2025 revenue: $358 million $358M • Net profit: $40 million $327M Outlook Q1'24 Q1'25 Q2'25* * Q2’25 represents mid range guidance • Q2 2025 revenue guidance of $372 million, +/- 5%, represents ~6% year-over-year growth. • Affirming 2025 rev
Slide 4: Q1 2025 Revenue Breakdown by Technology
Q1 2025 Revenue Breakdown by Technology Q1’25 | $358M revenue Misc. Q1’24 | $327M revenue 2% Sensors & Misc. Discrete 2% Display 16% 17% Sensors & Discrete Display 15% 15% Power Power RF Mobile 10% 18% 19% MS/ CMOS RF Mobile 8% 37% MS/ CMOS RF RF 6% Infrastructure Infrastructure, 22% 14% Automotive:
Slide 5: TSEM Markets: High Data Rate Optical Transceivers for DC/AI
TSEM Markets: Market for High Data Rate Optical Transceivers for DC/AI 90 RF Infrastructure 1600 Millions 80 800 70 400 Artificial Intelligence, 60 Datacom and Telecom 50 40 CAGR 49% 30 20 10 CAGR 12% - Optical Fiber Transceivers 2024 2029 HP SiGe and Si Photonics Source: Lightcounting 5
Slide 6: Envelope Tracker in an RF Transmitter
Envelope Tracker in an RF Transmitter • Requires combination of RF, digital, power: Tower 65nm BCD • Digital: works tightly with baseband and transceiver • RF: “Tracks” the desired signal to be transmitted • Power: Dynamically adjusts bias of the power amplifier • Reduce power to the amplifier when
Slide 7: Balance Sheets ($ in million)
Balance Sheets ($ in million) March 31, December 31, 2025 2024 CURRENT ASSETS Cash and cash equivalents 275 272 Short-term deposits 906 946 Trade accounts receivable 219 212 Inventories 276 268 Other current assets 52 62 Total Current Assets 1,728 1,760 Property and equipment, net 1,346 1,287 Other
Slide 8: Cash Reports ($ in million)
Cash Reports ($ in million) Q1’25 Q4’24 Q1’24 Cash opening balance, excluding securities & deposits 272 271 261 Cash from operating activities 94 101 110 Cap-Ex, net (111) (93) (98) Proceeds from (investments in) short- term deposits & investments, net 44 (4) (1) Debt repaid and others, net )24( (3)
Slide 9: Q1'25 P&L vs. Q4'24 and Q1'24 P&L
Q1‘25 P&L vs. Q4’24 and Q1’24 P&L (in thousands of $) 9
Slide 10: Thank You
Thank You Contact: Liat Avraham, Investor Relations Email: liatavra@towersemi.com