Slide 1: Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call
Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call Supporting Slides February 10, 2025
Slide 2: Safe Harbor
This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Safe Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and a
Slide 3: Q4 & FY 2024 Financial Results Highlights
Q4 & FY 2024 Financial Results Highlights • Q4 2024 revenue: $387 million 400 • Net profit: $55 million 380 387 371 $M 360 • Fiscal year 2024 revenue: $1.44 billion 352 340 • Net profit: $208 million 320 Q4 2023 Q3 2024 Q4 2024 Outlook • Q1 2025 revenue guidance of $358 million, +/- 5%, represents a
Slide 4: 2024 Revenue Performance
2024 Revenue Performance 390 $387M 380 370 $370.5M 360 350 $351M $M 340 330 $327M 320 310 300 Q1'24 Q2'24 Q3'24 Q4'24
Slide 5: Full Year Revenue Breakdown by Technology
Full Year Revenue Breakdown by Technology FY’24 Misc 2% FY’23 Sensors & Discrete Display 15% 15% Misc. , 2% Discrete 15% Sensors & Display Power 20% 15% RF Mobile Power 29% 24% RF Mobile MS/CMOS 22% 7% RF RF Infrastructure MS/CMOS Infrastructure 7% 17% 10% Automotive: 10% Automotive: 17%
Slide 6: FY 2024 Revenue breakdown by End Market Application
FY 2024 Revenue breakdown by End Market Application Other Power 2% Infrastructure 14% 15% MS/ CMOS 2% Aerospace & Defense 5% Image Sensors 6% Wireless Industrial 30% 3% Consumer 13% Automotive 10% 6
Slide 7: Balance Sheets ($ in million)
Balance Sheets ($ in million) December 31, September 30, December 31, 2024 2024 2023 CURRENT ASSETS Cash and cash equivalents 272 271 261 Short-term deposits 946 894 791 Marketable securities - 40 185 Trade accounts receivable 212 196 154 Inventories 268 272 282 Other current assets 62 41 36 Total C
Slide 8: Cash Reports ($ in million)
Cash Reports ($ in million) Q4’24 Q3’24 Q4’23 Cash opening balance, excluding securities & deposits 271 265 315 Cash from operating activities 101 125 126 Cap-Ex, net (93) (128) (136) Proceeds from (investments in) short- term deposits & investments, net (4) 19 (37) Debt repaid and others, net (3) (
Slide 9: Q4'24 P&L vs. Q3'24 and Q4'23 P&L
Q4‘24 P&L vs. Q3’24 and Q4’23 P&L (in thousands of $) Thre e mo nths e nde d December 31, September 30, December 31, 2024 2024 2023 REVENUES $ 387,191 $ 370,512 $ 351,711 COST OF REVENUES 300,338 277,451 267,294 GROSS PROFIT 86,853 93,061 84,417 OPERATING COSTS AND EXPENSES: Research and development
Slide 10: FY'24 P&L vs. FY'23 P&L
FY‘24 P&L vs. FY’23 P&L Year ended December 31, (in thousands of $) 2024 2023 REVENUES $ 1,436,122 $ 1,422,680 COST OF REVENUES 1,096,680 1,069,161 GROSS PROFIT 339,442 353,519 OPERATING COSTS AND EXPENSES: Research and development 79,434 79,808 Marketing, general and administrative 74,964 72,454 Re
Slide 11: Thank You
Thank You Contact: Liat Avraham, Investor Relations Email: liatavra@towersemi.com