Slide 1: Financials and Metrics Q3 2022
FINANCIALS AND METRICS Q3 2022 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 2: Highlights Q3 2022
Highlights Q3 2022 • Revenues Q3 of $925 million. • Gross margin Q3 of 31.3%. • Operating margin Q3 of 19.8%. • EPS Q3 of $0.98; adjusted EPS of $0.93. • Free Cash for trailing 12 months of $193 million. • Total Stockholder Return Q3 of $32.8 million--$14.3 million of dividend payments and $18.5 mil
Slide 3: Quarterly Financials Results
Quarterly Financials Results Q3 Q2 Q3 in millions, except per share amounts 2022 2022 2021 Net revenues $925 $864 $814 Gross profit $290 $261 $226 31.3% 30.3% 27.7% Operating income $183 $151 $124 19.8% 17.5% 15.2% Net earnings attributable to Vishay stockholders $140 $112 $97 Weighted average share
Slide 4: Adjusted Quarterly Financials Results
Adjusted Quarterly Financials Results Q3 Q2 Q3 in millions, except per share amounts 2022 2022 2021 Net revenues $925 $864 $814 Gross profit $290 $268 $226 31.3% 31.0% 27.7% Operating income $183 $158 $124 19.8% 18.3% 15.2% Net earnings attributable to Vishay stockholders $134 $118 $91 Weighted aver
Slide 5: Reconciliation of GAAP to Adjusted
Reconciliation of GAAP to Adjusted Q3 Q2 Q3 in millions, except for per share amounts 2022 2022 2021 GAAP net earnings $140 $112 $97 attributable to Vishay stockholders Reconciling items affecting gross profit Impact of the COVID-19 pandemic - $7 - Other reconciling items affecting operating income
Slide 6: Book-to-Bill Detail
Book-to-Bill Detail Q3 Q2 Q1 Q4 Q3 2022 2022 2022 2021 2021 Book-to-bill Vishay 0.88 1.07 1.14 1.09 1.26 Book-to-bill distribution 0.77 1.05 1.16 1.06 1.29 Book-to-bill OEMs 1.03 1.11 1.13 1.15 1.23 Book-to-bill semiconductors 0.76 1.07 1.14 1.08 1.27 Book-to-bill passive components 1.03 1.07 1.15 1
Slide 7: Operational Metrics
Operational Metrics Q3 Q2 Q1 Q4 Q3 2022 2022 2022 2021 2021 vs. prior quarter 0.0 2.9 2.4 1.3 1.3 Change in ASP Vishay vs. prior year 8.0 8.1 6.0 3.4 2.2 vs. prior quarter (0.1) 4.7 3.4 1.7 2.2 Change in ASP semiconductors vs. prior year 10.0 12.9 8.8 5.0 3.8 vs. prior quarter 0.0 1.1 1.4 0.8 0.3 Ch
Slide 8: Revenues Q3 2022: $925 million
Revenues Q3 2022: $925 million 9% INDUCTORS 8% OPTO 31% AUTOMOTIVE 39% INDUSTRIAL 23% DIODES 22% RESISTORS 5% CONSUMER 7% COMPUTING 24% MOSFETs 14% CAPACITORS 3% TELECOM 5% POWER SUPPLIES 4% MEDICAL 6% MILTARY/AERO BUSINESS SEGMENTS END MARKETS 35% OEM 38% ASIA 30% AMERICAS 58% DISTRIBUTION 7% EMS 3
Slide 9: Revenues and Gross Margin % Quarterly
Vishay Revenues and Gross Margin % Quarterly $ in millions excl. Spin-Off Vishay Precision Group in 2010 % 950 60 900 55 850 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
Slide 10: 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 % 10
Slide 11: 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 Q1 Q3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 201
Slide 12: 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 13: Gross Margins Quarterly by Product Segment
Vishay Gross Margins Quarterly by Product Segment % % 45 45 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 Q1 Q3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2
Slide 14: 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 14