Slide 1: Financials and Metrics Q3 2020
FINANCIALS AND METRICS Q3 2020 © 2020 VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 2: Notes on Forward-Looking Statements
NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,” “should” or other simil
Slide 3: Highlights Q3 2020
Highlights Q3 2020 • Revenues Q3 of $640 million • Gross margin Q3 of 23.7%; adjusted gross margin 23.7% • Operating margin Q3 of 9.6%; adjusted operating margin 9.6% • EPS Q3 of $0.23; adjusted EPS $0.25 • Free Cash¹ for the trailing 12 months Q3 of $147 million • Repurchased in Q3 $58.9 million pr
Slide 4: Quarterly Financials Results
Quarterly Financials Results in millions, except per share amounts Q3 2020 Q2 2020 Q3 2019 Net revenues $640 $582 $628 Gross profit $152 $131 $150 23.7% 22.5% 23.9% Operating income $61 $41 $51 9.6% 7.0% 8.1% Net earnings attributable to Vishay stockholders $33 $25 $30 Weighted average shares outsta
Slide 5: Adjusted Quarterly Financials Results
Adjusted Quarterly Financials Results in millions, except per share amounts Q3 2020 Q2 2020 Q3 2019 Net revenues $640 $582 $628 Gross profit $152 $132 $150 23.7% 22.6% 23.9% Operating income $61 $42 $58 9.6% 7.2% 9.3% Net earnings attributable to Vishay stockholders $36 $26 $38 Weighted average shar
Slide 6: Reconciliation of GAAP to Adjusted
Reconciliation of GAAP to Adjusted in millions Q3 Q2 Q3 2020 2020 2019 GAAP net earnings $33 $25 $30 attributable to Vishay stockholders Reconciling items affecting gross profit Impact of the COVID-19 outbreak $0 $1 - Other reconciling items affecting operating income Restructuring and severance cos
Slide 7: Long Term Debt
Long Term Debt as of October 3, 2020 Outstanding in millions Comments Interest Debt Long term incl. current portion $392.3 Revolving Debt - Available through June 5, 2024 LIBOR plus 1.50% up to $750 million Cash coupon 2.25% of principal or $468 million principal amount; $11 million annually Convert
Slide 8: Book-to-Bill Detail
Book-to-Bill Detail Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Book-to-bill Vishay 0.99 0.82 1.17 0.94 0.72 Book-to-bill distribution 0.99 0.75 1.30 0.94 0.55 Book-to-bill OEMs 1.01 0.93 1.04 0.95 0.90 Book-to-bill semiconductors 0.98 0.81 1.27 0.95 0.60 Book-to-bill passive components 1.00 0.83 1.08 0
Slide 9: Operational Metrics
Operational Metrics Q3 Q2 Q1 Q4 Q3 2020 2020 2020 2019 2019 vs. prior quarter (1.1) 0.1 (1.1) (0.8) (1.1) Change in ASP Vishay vs. prior year (2.7) (2.7) (2.9) (3.0) (1.9) vs. prior quarter (1.2) (0.2) (1.3) (1.2) (2.1) Change in ASP semiconductors vs. prior year (4.1) (4.5) (5.0) (5.9) (4.3) vs. pr
Slide 10: Sharecount for EPS Calculation
Sharecount for EPS Calculation in million Total shares outstanding 145 Related to RSUs etc. <1 Average Stock Price Projected Diluted Shares <$32.00 145 $32.00 - $33.00 146 >$33.00 147 The table above summarizes the approximate number of shares for diluted EPS calculation. See Item 7.01 of current re
Slide 11: Revenues Q3 2020
Revenues Q3 2020 12% INDUCTORS 10% OPTO 33% INDUSTRIAL 19% DIODES 34% AUTOMOTIVE 23% RESISTORS 5% CONSUMER 5% POWER SUPPLIES 21% MOSFETs 6% MILTARY/AERO 15% CAPACITORS 8% COMPUTING 4% TELECOM 5% MEDICAL BUSINESS SEGMENTS END MARKETS 43% OEM 42% ASIA 25% AMERICAS 51% DISTRIBUTION 33% EUROPE 6% EMS RE
Slide 12: Revenues and Gross Margin % Quarterly
Vishay Revenues and Gross Margin % Quarterly $ in millions excl. Spin-Off Vishay Precision Group in 2010 % 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 2004 2005 2006 2007 200
Slide 13: 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 VISHAY INTERTECHNOLOGY,
Slide 14: 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 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Slide 15: 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 MOSFETs Diodes Opto Resistors/Inductors Capacitors Res
Slide 16: Gross Margins Quarterly by Production Segment
Vishay Gross Margins Quarterly by Production Segment % % 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 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 MOSFET
Slide 17: 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 MOSFETs Diodes Opto Resistors/Inductors Capacitors Resistors Inductors © 2020 VISHAY INTERTECHNOLOGY, INC. ALL RIGH