Slide 1: Third Quarter 2021 Financial Results Highlights
Third Quarter 2021 Financial Results Highlights November 08, 2021 Tower Semiconductor Confidential and Proprietary 1 Information herein shall not be furnished to third parties or made public
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertaintie
Slide 3: Q3 2021 Financials Release Highlights
Q3 2021 Financials Release Highlights Tower Semiconductor Reports Record Revenues and Strong Margins’ Growth Third quarter 2021 with 25% total and 40% organic year over year revenue growth Further Expansion Guided for Fourth Quarter Indicating over $1.6 Billion Annual Revenue Run Rate • Third quarte
Slide 4: P&L Highlights
Q3 2021 P&L Highlights ($ in million, except per share data) Q3’2021 Q2’2021 Q3’21 / Q2’21 Q3’2020 Q3’21 / Q3’20 Revenue 387 362 +7% 310 +25% Gross Profit 85 74 +16% 53 +60% Operating Profit 44 34 +30% 19 +131% Net Profit 39 31 +27% 15 +157% EPS basic $0.36 $0.29 +24% $0.14 +157% Adjusted EPS, dilut
Slide 5: Business Outlook: Q4 & FY 2021 Revenue Guidance
Business Outlook: Q4 & FY 2021 Revenue Guidance • Guides revenue for the fourth quarter of 2021 to be $410 million, with an upward or downward range of 5% • Mid-range revenue guidance demonstrates 19% total and 26% organic year over year growth. 2021 Quarterly Revenues • Based on Q4’21 mid-range gui
Slide 6: Balance Sheet Highlights
Q3 2021 Balance Sheet Highlights $ in thousands September 30, 2021 June 30, 2021 December 31, 2020 Cash and Cash Equivalents 211,503 215,755 211,683 Short-term deposits and 506,487 513,202 499,197 Marketable securities Trade accounts receivable 144,878 144,868 162,100 Inventories 220,668 209,306 199
Slide 7: Cash Flow Report Highlights
Q3 2021 Cash Flow Report Highlights $ in thousands Q3 2021 Q2 2021 Q3 2020 CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 215,755 215,581 258,793 Net cash provided by operating activities 106,974 93,250 68,612 Investments in property and equipment, net (87,714) (56,184) (66,862) Debt repaid, net (2
Slide 8: Revenue Breakdown by Market End Applications
Q3 2021 Revenue Breakdown by Market End Applications Misc 3% Discrete Sensors & Displays 14% 16% Power IC 16% Mobile (RF) 26% MS/CMOS 11% Infrastructure (RF) 13% Automotive 12% (Within all segments) Tower Semiconductor Confidential and Proprietary Information herein shall not be furnished to third p
Slide 9: Revenue Breakdown by Technology Nodes
Q3 2021 Revenue Breakdown by Technology Nodes Discrete 14% >0.25um 5% 65nm 0.18-0.11um, 21% 60% Tower Semiconductor Confidential and Proprietary 9 Information herein shall not be furnished to third parties or made public
Slide 10: Thank You
Thank You www.towersemi.com