Slide 1: Vishay Precision Group
Vishay Precision Group PERFORMANCE THROUGH PRECISION VPG Second Quarter Fiscal 2020 Earnings — August 4, 2020
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: Second Quarter 2020 Highlights
Second Quarter 2020 Highlights • Revenues of $59.1 million were in-line with our guidance ◦ Strong performance in FTP segment driven by advanced sensors and precision foil resistors ◦ COVID-19 impact on Force Sensors segment revenue of approx. $6 million from pre-COVID runrate levels, was within exp
Slide 4: Consolidated Results/Market Trends
Consolidated Results/Market Trends Financial Highlights Revenue by Market ($ in millions) Fiscal quarter ended ($ in millions) Fiscal quarter ended June 27, June 29, March 28, June 27, June 29, March 28, 2020 2019 2020 2020 2019 2020 Test & Measurement $ 14.0 $ 18.0 $ 14.3 Net revenues $ 59.1 $ 70.9
Slide 5: Segment Results/Trends
Segment Results/Trends Weighing and Control Foil Technology Products Force Sensors Systems ($ in millions) Q2 Q2 Q1 Q2 Q2 Q1 Q2 Q2 Q1 2020 2019 2020 2020 2019 2020 2020 2019 2020 Net revenues $ 31.8 $ 33.0 $ 30.5 $ 8.9 $ 16.3 $ 14.7 $ 18.4 $ 21.5 $ 22.5 Gross profit $ 13.3 $ 14.4 $ 11.2 $ 1.0 $ 4.4
Slide 6: COVID-19 Pandemic Impacts and Actions
COVID-19 Pandemic Impacts and Actions • Status ◦ As of July 1, 2020, all facilities are operating without limitation • Measures taken by VPG to protect employees and customers ◦ Enabled employees to work from home where possible ◦ Suspended business travel ◦ Implemented workplace distancing and adju
Slide 7: Financial Results
Financial Results Fiscal quarter ended ($ in millions, except per share amounts) June 27, June 29, March 28, 2020 2019 2020 Net revenues $ 59.1 Organic $ 70.9 $ 67.7 Growth Acquisitions Gross profit $ 23.1 $ 28.6 $ 25.1 Gross profit margin 39.1% 40.4% 37.0% Selling, general, and administrative expen
Slide 8: Selected Balance Sheet Items
Selected Balance Sheet Items ($ in millions, except per share amounts) Fiscal quarter ended December 31, June 27, 2020 2019 March 28, 2020 Cash & cash equivalents $ 87.2 $ 86.9 $ 82.7 Total assets $ 384.6 $ 370.4 $ 364.8 Total long-term debt $ 40.6 $ 44.6 $ 40.7 Total liabilities $ 140.4 $ 128.7 $ 1
Slide 9: Thank You
Thank You PERFORMANCE THROUGH PRECISION 9 9
Slide 10: Appendix
Appendix PERFORMANCE THROUGH PRECISION 10 10
Slide 11: Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted EPS - Quarter
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 Three months ended June 27, 2020 June 29, 2019 June 27, 2020 June 29, 2019 June 27,
Slide 12: Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted EPS - YTD
Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted Earnings Per Share - YTD Net Earnings Attributable to Gross Profit Operating Income VPG Stockholders Diluted Earnings Per share Six fiscal months ended June 27, 2020 June 29, 2019 June 27, 2020 June 29, 2019 June 27,