Slide 1: Tower Semiconductor Confidential and Proprietary
Tower Semiconductor Confidential and Proprietary 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: Q2 2021 Financials Release Highlights
Q2 2021 Financials Release Highlights Tower Semiconductor Reports Second Quarter 2021 Record Revenues; Guides Third Quarter Further Strong Revenue Growth • Second quarter revenue of $362 million, reflecting record revenue for the company, with year over year 26% organic growth and 17% total growth.
Slide 4: Q2 2021 P&L Highlights
Q2 2021 P&L Highlights ($ in million, except per share data) Q2’2021 Q1’2021 Q2’21 / Q1’21 Q2’2020 Q2’21 / Q2’20 Revenue 362 347 +4% 310 +17% Gross Profit 74 70 +6% 58 +28% Operating Profit 34 32 +5% 22 +54% Net Profit 31 28 +9% 19 +62% EPS basic $0.29 $0.26 +12% $0.18 +61% Adjusted EPS, diluted* $0
Slide 5: Business Outlook: Q3 2021 Revenue Guidance
Business Outlook: Q3 2021 Revenue Guidance • Guides revenue for the third quarter of 2021 to be $385 million, with an upward or downward range of 5% • Mid-range revenue guidance represents year over year 38% organic growth and 24% total growth. • Expecting continued sequential growth through year’s
Slide 6: Q2 2021 Balance Sheet Highlights
Q2 2021 Balance Sheet Highlights $ in thousands June 30, 2021 March 31, 2021 December 31, 2020 Cash and Cash Equivalents 215,755 215,581 211,683 Short-term deposits and 513,202 494,413 499,197 Marketable securities Trade accounts receivable 144,868 164,166 162,100 Inventories 209,306 197,189 199,126
Slide 7: Cash Flow
Cash Flow $ in thousands Q2 2021 Q1 2021 Q2 2020 CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 215,581 211,683 251,348 Net cash provided by operating activities 93,250 87,413 66,603 Investments in property and equipment, net (56,184) (49,415) (62,537) Debt repaid, net (19,769) (29,375) (5,000) Eff
Slide 8: Q2 2021 Revenue Breakdown by Market End Applications
Q2 2021 Revenue Breakdown by Market End Applications Misc Sensors & 5% Displays Discrete 16% 15% Mobile (RF) Power IC 15% 25% MS/CMOS 12% Infrastructure (RF) 12% Automotive 12% (Within all segments) Tower Semiconductor Confidential and Proprietary Information herein shall not be furnished to third p
Slide 9: Q2 2021 Revenue Breakdown by Technology Nodes
Q2 2021 Revenue Breakdown by Technology Nodes Discrete 16% >0.25um 5% 0.18-0.11um 65nm 61% 18% Tower Semiconductor Confidential and Proprietary Information herein shall not be furnished to third parties or made public
Slide 10: Thank You
Thank You www.towersemi.com