Slide 1: Financials and Metrics Q2 2021
FINANCIALS AND METRICS Q2 2021 © 2021 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 Q2 2021
Highlights Q2 2021 • Revenues Q2 of $819 million. • Gross margin Q2 of 28.0%. • Operating margin Q2 of 15.3%. • EPS Q2 of $0.64; adjusted EPS of $0.61. • Free Cash for the trailing 12 months Q2 of $230 million. • Guidance Q3 2021 for revenues of $810 to $850 million and at a gross margin of 28.3% pl
Slide 4: Quarterly Financials Results
Quarterly Financials Results in millions, except per share amounts Q2 2021 Q1 2021 Q2 2020 Net revenues $819 $765 $582 Gross profit $229 $203 $131 28.0% 26.5% 22.5% Operating income $125 $97 $41 15.3% 12.7% 7.0% Net earnings attributable to Vishay stockholders $93 $71 $25 Weighted average shares out
Slide 5: Adjusted Quarterly Financials Results
Adjusted Quarterly Financials Results in millions, except per share amounts Q2 2021 Q1 2021 Q2 2020 Net revenues $819 $765 $582 Gross profit $229 $203 $132 28.0% 26.5% 22.6% Operating income $125 $97 $42 15.3% 12.7% 7.2% Net earnings attributable to Vishay stockholders $89 $67 $26 Weighted average s
Slide 6: Reconciliation of GAAP to Adjusted
Reconciliation of GAAP to Adjusted Q2 Q1 Q2 Change in deferred taxes due to early extinguishment of debt 2021 2020 2020 GAAP net earnings $93 $71 $25 attributable to Vishay stockholders Reconciling items affecting gross profit Impact of the COVID-19 pandemic - - $1 Other reconciling items affecting
Slide 7: Book-to-Bill Detail
Book-to-Bill Detail Q2 Q1 Q4 Q3 Q2 2021 2021 2020 2020 2020 Book-to-bill Vishay 1.38 1.67 1.44 0.99 0.82 Book-to-bill distribution 1.41 1.89 1.89 0.99 0.75 Book-to-bill OEMs 1.34 1.41 0.96 1.01 0.93 Book-to-bill semiconductors 1.41 1.86 1.61 0.98 0.81 Book-to-bill passive components 1.35 1.50 1.27 1
Slide 8: Operational Metrics
Operational Metrics Q2 Q1 Q4 Q3 Q2 2021 2021 2020 2020 2020 vs. prior quarter 1.0 (0.5) (0.3) (1.1) 0.1 Change in ASP Vishay vs. prior year (0.3) (1.4) (2.8) (2.7) (2.7) vs. prior quarter 1.5 (1.0) (0.2) (1.2) (0.2) Change in ASP semiconductors vs. prior year (0.7) (2.1) (3.9) (4.1) (4.5) vs. prior
Slide 9: Revenues Q2 2021: $819 million
Revenues Q2 2021: $819 million 10% INDUCTORS 9% OPTO 30% AUTOMOTIVE 40% INDUSTRIAL 21% DIODES 24% RESISTORS 5% CONSUMER 8% COMPUTING 21% MOSFETs 5% POWER SUPPLIES 15% CAPACITORS 3% TELECOM 4% MEDICAL 5% MILTARY/AERO BUSINESS SEGMENTS END MARKETS 34% OEM 42% ASIA 25% AMERICAS 60% DISTRIBUTION 6% EMS
Slide 10: Revenues and Gross Margin % Quarterly
Vishay Revenues and Gross Margin % Quarterly excl. Spin-Off Vishay Precision Group in 2010 $ in millions % 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 2004 2005 200
Slide 11: 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 VISHAY INTERTECHNOL
Slide 12: 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 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20
Slide 13: 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 MOSFETs Diodes Opto Resistors/Inductors Capacitor
Slide 14: 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 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 202
Slide 15: 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 MOSFETs Diodes Opto Resistors/Inductors Capacitors Resistors Inductors © 2021 VISHAY INTERTECHNOLOGY, INC. A