Slide 1: Financials and Metrics Q4 2021
FINANCIALS AND METRICS Q4 2021 © 2022 VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 2: Highlights Q4 2021
Highlights Q4 2021 • Revenues Q4 of $843 million; year 2021 of $3.2 billion. • Gross margin Q4 of 27.3%; year 2021 of 27.4%. • Operating margin Q4 of 14.4%; year 2021 of 14.4%. • EPS Q4 of $0.25; year 2021 of $2.05. • Adjusted EPS Q4 of $0.62; year 2021 of $2.32. • Free Cash for the year of 2021 of
Slide 3: Quarterly Financials Results
Quarterly Financials Results in millions, except per share amounts Q4 2021 Q3 2021 Q4 2020 Net revenues $843 $814 $667 Gross profit $230 $226 $152 27.3% 27.7% 22.8% Operating income $122 $124 $60 14.4% 15.2% 9.0% Net earnings attributable to Vishay stockholders $37 $97 $38 Weighted average shares ou
Slide 4: Adjusted Quarterly Financials Results
Adjusted Quarterly Financials Results in millions, except per share amounts Q4 2021 Q3 2021 Q4 2020 Net revenues $843 $814 $667 Gross profit $230 $226 $153 27.3% 27.7% 22.9% Operating income $122 $124 $60 14.4% 15.2% 8.9% Net earnings attributable to Vishay stockholders $90 $91 $41 Weighted average
Slide 5: Yearly Financials Results
Yearly Financials Results December 31, Decemeber 31, in millions, except per share amounts 2021 2020 Net revenues $3,240 $2,502 Gross profit $888 $582 27.4% 23.3% Operating income (loss) $468 $210 14.4% 8.4% Net earnings (loss) attributable to Vishay stockholders $298 $123 Weighted average shares ou
Slide 6: Adjusted Yearly Financial Results
Adjusted Yearly Financial Results December 31, December 31, in millions, except per share amounts 2021 2020 Net revenues $3,240 $2,502 Gross profit $888 $586 27.4% 23.4% Operating income (loss) $468 $214 14.4% 8.5% Net earnings (loss) attributable to Vishay stockholders $337 $134 Weighted average sh
Slide 7: Book-to-Bill Detail
Book-to-Bill Detail Q4 Q3 Q2 Q1 Q4 2021 2021 2021 2021 2020 Book-to-bill Vishay 1.09 1.26 1.38 1.67 1.44 Book-to-bill distribution 1.06 1.29 1.41 1.89 1.89 Book-to-bill OEMs 1.15 1.23 1.34 1.41 0.96 Book-to-bill semiconductors 1.08 1.27 1.41 1.86 1.61 Book-to-bill passive components 1.11 1.26 1.35 1
Slide 8: Operational Metrics
Operational Metrics Q4 Q3 Q2 Q1 Q4 2021 2021 2021 2021 2020 vs. prior quarter 1.3 1.3 1.0 (0.5) (0.3) Change in ASP Vishay vs. prior year 3.4 2.2 (0.3) (1.4) (2.8) vs. prior quarter 1.7 2.2 1.5 (1.0) (0.2) Change in ASP semiconductors vs. prior year 5.0 3.8 (0.7) (2.1) (3.9) vs. prior quarter 0.8 0.
Slide 9: Revenues Q4 2021: $843 million
Revenues Q4 2021: $843 million 10% INDUCTORS 9% OPTO 30% AUTOMOTIVE 41% INDUSTRIAL 23% DIODES 23% RESISTORS 4% CONSUMER 7% COMPUTING 20% MOSFETs 6% POWER SUPPLIES 15% CAPACITORS 3% TELECOM 4% MEDICAL 5% MILTARY/AERO BUSINESS SEGMENTS END MARKETS 34% OEM 43% ASIA 25% AMERICAS 60% DISTRIBUTION 6% EMS
Slide 10: Vishay Revenues and Gross Margin % Quarterly
Vishay Revenues and Gross Margin % Quarterly $ in millions excl. Spin-Off Vishay Precision Group in 2010 % 850 50 800 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 Q1 Q3 2004 2005
Slide 11: Vishay 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 2021 SALES GM % © 2022 VIS
Slide 12: Vishay 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 Q1 Q3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Slide 13: Vishay 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 2020 2021 MOSFETs Diodes Opto Resistors/Inductors Capa
Slide 14: Vishay 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 Q1 Q3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 20
Slide 15: Vishay 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 2020 2021 MOSFETs Diodes Opto Resistors/Inductors Capacitors Resistors Inductors © 2022 VISHAY INTERTECHNOLOGY, I
Slide 16: Appendix
APPENDIX © 2022 VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 17: Reconciliation of GAAP to Adjusted (Quarterly)
Reconciliation of GAAP to Adjusted (Quarterly) Q3 Q3 Q4 Change in deferred taxes due to early extinguishment of debt 2021 2021 2020 GAAP net earnings $37 $97 $38 attributable to Vishay stockholders Reconciling items affecting gross profit Impact of the COVID-19 pandemic - - $0 Other reconciling item
Slide 18: Reconciliation of GAAP to Adjusted (Annual)
Reconciliation of GAAP to Adjusted (Annual) December 31, Decemeber 31, In millions 2021 2020 GAAP net earnings $298 $123 attributable to Vishay stockholders Reconciling items affecting gross profit Impact of the COVID-19 pandemic - $5 Other reconciling items affecting operating income Restructuring