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VISHAY INTERTECHNOLOGY, INC. CORPORATE PRESENTATION MAY 2010 VISHAY TODAY GROWTH MARKETS Q1 RESULTS SPIN-OFF VPG LOOKING AHEAD

VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

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Page 1: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY INTERTECHNOLOGY, INC.

CORPORATE PRESENTATIONMAY 2010

VISHAY TODAY GROWTH MARKETS Q1 RESULTS SPIN-OFF VPG LOOKING AHEAD

Page 2: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

2

NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-

looking statements. Forward-looking statements are subject to various risks and uncertainties that could cause actual

results to vary materially from those anticipated.. These risks and uncertainties are described in the Company’s annual report on Form 10-K for the

year ended December 31, 2009, in the sections titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Risk Factors section in Part I.

The Company undertakes no obligation to update any forward-looking statements.

Measurements such as adjusted gross profit, adjusted operating profit, adjusted income from continuing operations and free cash are not recognized in accordance with generally accepted accounting principles (GAAP) and should not be viewed as an alternative to GAAP measures of performance. Management believes that adjusted gross profit, adjusted operating profit, adjusted income from continuing operations and free cash, “non-GAAP” measures, are meaningful to investors because they provide insight with respect to intrinsic operating results of the Company. Reconciling items to arrive at adjusted gross profit, adjusted operating profit, adjusted income from continuing operations and free cash represent significant charges or credits that are important to an understanding of the Company’s intrinsic operations. These reconciling items are more fully described in the Company’s annual report on Form 10-K and its quarterly reports presented on Forms 10-Q. These measures, as calculated by Vishay, may not be comparable to similarly titled measures used by other companies.

NON-GAAP FINANCIAL MEASURES

Page 3: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

VISHAY TODAY GROWTH MARKETS Q1 RESULTS SPIN-OFF VPG LOOKING AHEAD

Page 4: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

VISHAY — KEY STRENGTHS

Strong track record of growth through acquisitions

Broad market penetration in all industry segments and in all regions

Global technology leader in discrete semiconductors and passive components

Current and future customer-driven solutions for growth provided by R&D

Strong free cash flow generation and financial flexibility, and net cash positive

4

Page 5: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

VISHAY — A PIONEER OF THE ELECTRONIC COMPONENTS INDUSTRY

Founded in 1962 by Dr. Felix Zandman, based on an innovative technology

Since 1985, strategy of accelerated growth through synergistic acquisitions and focused R&D to become a true broad-liner on a worldwide basis

Vishay components used today by virtually all major manufacturers of electronic products worldwide

5

Page 6: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

THE VISHAY VISION

Offer innovative products and technologies to meet current and future market needs

Be a broad-liner for discrete electronic components offering “one-stop shop” service and custom solutions for all market segments in all regions

Be a leading supplier for our customers

Grow at a faster rate than electronics markets Vishay participates in

66

Page 7: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

7

0200400600800

1,0001,2001,4001,6001,8002,0002,2002,4002,6002,8003,000

85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10

GROWTH THROUGH ACQUISITIONS

RoedersteinSpragueSfernice

Draloric

Vitramon

Siliconix,Telefunken

General Semiconductor,Infineon infrared

Dale

BCcomponents

SALES IN MILLION International Rectifier

PCS

Year

Kemetwet

tantalumQ1 10: $640M

Annualized: $2,560M

Page 8: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

BROAD MARKET PENETRATION

END MARKETS

SALES CHANNELSGEOGRAPHY

REVENUES 2009 $2,042 M

COMPUTING17%

CONSUMER10%

AUTOMOTIVE15%

TELECOM13%

INDUSTRIAL29%

POWER SUPPLIES

9%

DISTRIBUTION5%

MEDICAL2%

AMERICAS25%

EUROPE37%

ASIA38%

EMS9%

OEM44%

DISTRIBUTION47%

8

Page 9: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

BROAD MARKET PENETRATION EXCL. VISHAY PRECISION GROUP

END MARKETS

SALES CHANNELSGEOGRAPHY

VISHAY REVENUES 2009EXCL. VISHAY PRECISION GROUP

APPROX. $1,870 M

COMPUTING19%

CONSUMER11%

AUTOMOTIVE15%

TELECOM16%

INDUSTRIAL22%

POWER SUPPLIES

9%

MILITARY/AERO5%

MEDICAL3%

AMERICAS22%

EUROPE37%

ASIA41%

EMS9%

OEM43%

DISTRIBUTION48%

9

Page 10: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

BROAD CUSTOMER BASE

OEM

EMS DISTRIBUTION

NO SINGLE OEM CUSTOMER REPRESENTS OVER 5% OF SALES

10

Page 11: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

BALANCED PRODUCT PORTFOLIO

REVENUES 2009 $2,042 M51% PASSIVES - 49% SEMICONDUCTORS

MEASUREMENTS GROUP

7%MOSFETS

21%

DIODES20%

INFRARED OPTO

8%

RESISTORS INDUCTORS

23%

CAPACITORS21%

11

Page 12: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

BALANCED PRODUCT PORTFOLIOEXCL. VISHAY PRECISION GROUP

46% PASSIVES - 54% SEMICONDUCTORS

VISHAY REVENUES 2009EXCL. VISHAY PRECISION GROUP

APPROX. $1,870 M

MOSFETS23%

DIODES22%

INFRARED OPTO

8%

RESISTORS INDUCTORS

24%

CAPACITORS22%

12

Page 13: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

BROADEST LINE OF DISCRETE SEMICONDUCTORSAND PASSIVE COMPONENTS

= Major Position = Minor PositionSource: Company estimates

DIODES MOSFETs MAGNETICS

Diodes, Rectifiers MOSFETs

Infrared Compo-nents

Opto-couplers LEDs

Aluminum, Ceramic

Power, Film,

Tantalum

Film, Power

SMD Resistors

Variable, Sensors

Inductors, Trans-

formers

VISHAY Avago AVX Fairchild Int. Rectifier Infineon KEMET KOA Murata Nichicon NXP (Philips) ON Semi Panasonic Rohm Sharp ST Micro TDK/EPCOS Toshiba Yageo

SEMICONDUCTORS PASSIVE COMPONENTSOPTO CAPACITORS RESISTORS

13

Page 14: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

#1 worldwide in wirewound and other power resistors

#1 worldwide in leaded film resistors

#1 worldwide in thin film SMD resistors

#1 worldwide in wet and conformal-coated tantalum capacitors

#1 worldwide in capacitors for power electronics

TECHNOLOGY LEADER IN PASSIVE COMPONENTS

Source: WRTS, Company estimates

14

Page 15: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

#1 worldwide in discrete power semiconductors

#1 worldwide in diodes

#1 worldwide in power rectifiers

#1 worldwide in low-voltage power MOSFETs

#1 worldwide in infrared components

TECHNOLOGY LEADER INSEMICONDUCTORS

Source: WSTS, IMS, Company estimates

15

Page 16: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

DURING THE CRISIS

Maintained complete focus on generating and conserving cash

Ensured financial liquidity

Reduced permanently break-even point by $400-$500 million

16

Page 17: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

1717

GROSS MARGINMILLIONS USD % OF SALES

0%

5%

10%

15%

20%

25%

30%

35%

40%

0

100

200

300

400

500

600

700

800

02 03 04 05 06 07 08 090%

5%

10%

15%

20%

25%

30%

35%

40%

0

100

200

300

400

500

600

700

800

Q1 09

Q2 09

Q3 09

Q4 09

Q1 10

Page 18: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

1818

ADJUSTED GROSS MARGINMILLIONS USD % OF SALES

0%

5%

10%

15%

20%

25%

30%

35%

40%

0

100

200

300

400

500

600

700

800

Q1 09 Q2 09 Q3 09 Q4 09 Q1 100%

5%

10%

15%

20%

25%

30%

35%

40%

0

100

200

300

400

500

600

700

800

02 03 04 05 06 07 08 09

Page 19: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

1919

OPERATING MARGINMILLIONS USD % OF SALES

2008: Operating Profit was ($1,648.7), see reconciliation schedule

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

(150)

(100)

(50)

0

50

100

150

200

250

300

02 03 04 05 06 07 08 09-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

(150)

(100)

(50)

0

50

100

150

200

250

300

Q1 09

Q2 09

Q3 09

Q4 09

Q1 10

Page 20: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

2020

ADJUSTED OPERATING MARGINMILLIONS USD % OF SALES

-5%

-2%

1%

4%

7%

10%

13%

16%

19%

22%

25%

28%

(50)

(20)

10

40

70

100

130

160

190

220

250

280

Q1 09

Q2 09

Q3 09

Q4 09

Q1 10

-5%

-2%

1%

4%

7%

10%

13%

16%

19%

22%

25%

28%

(50)

(20)

10

40

70

100

130

160

190

220

250

280

02 03 04 05 06 07 08 09

Page 21: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

21

RECONCILIATION OF GAAP TO ADJUSTEDin millions USD Q1 10 2009 Q4 09 Q3 09 Q2 09 Q1 09 2008 2007 2006 2005 2004 2003 2002

Reconciling items affecting gross margin:Loss on purchase commitments, Ta write-downs 6 16 (1) 17 18 133

Product quality claims 3 Reconciling items affecting operating margin:Restructuring and severance costs 38 3 3 12 19 63 15 40 30 47 29 19

Asset write-downs 1 1 5 4 7 11 27 1 12

Settlement agreement gain (28) (28)

Executive employment agreement charge 58 58 Impairment of goodwill and indefinite-lived intangibles 1,723

Terminated tender offer expenses 4

Contract termination charge 19

Siliconix transaction-related charges 4

Purchased in-process R&D 10 2

Environmental remediation 4

Gain on sale of building (5) (3)

Page 22: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

2222

REDUCTION OF CAPITAL EXPENDITURES

0

50

100

150

200

250

300

350

0

50

100

150

200

250

300

350

93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 FC 10

MILLION USD MILLION USD

Page 23: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

23

STRONG GENERATION OF FREE CASH CASH FLOWS FROM OPERATIONS LESS CAPITAL EXPENDITURES PLUS PROCEEDS FROM SALE OF PROPERTY AND EQUIPMENT

($100)

($50)

$0

$50

$100

$150

$200

$250

$300

$350

($100)

($50)

$0

$50

$100

$150

$200

$250

$300

$350

93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 FC 10

MILLIONS MILLIONS

$200-$250M

Page 24: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

24

NET CASH POSITIVEas of April 3, 2010

2010 2011

Revolving Debt (up to $250M) 125 Available through April 20, 2012

LIBOR plus 1.52%

Term Loan 88 13 75 LIBOR plus 2.5%

Exchangeable Unsecured Notes 105 Due 2102 orin 92 years

LIBOR

Convertible Notes 2 Putable 2010,due 2023

3.625%

Other Debt 15 2 $15 M term loan maturing 2014

LIBOR plus 3.45%

TOTAL DEBT 334

CASH AND CASH EQUIVALENTS 613

Comments InterestPrincipal Repayment Due in millions (USD) Out-standing

Page 25: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

VISHAY TODAY

25

CUTTING FIXED COSTS

Break-even point permanently reduced by $400-$500 million

Fixed personnel reduced by 16% since September 2008

Restructuring cash costs of $48 million in 2009No material restructuring charges expected for 2010: all defined restructuring programs implemented or announced

Page 26: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

VISHAY TODAY GROWTH MARKETS Q1 RESULTS SPIN-OFF VPG LOOKING AHEAD

Page 27: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

ENERGY SAVING THROUGHHYBRID AND FULLY ELECTRIC VEHICLES

New functions in hybrid cars include inverters and advanced motor control and battery management

Vishay offers key components—both custom and off-the-shelf—for hybrid applications such as:

DC-links: film capacitor modules

Inverters: IGBT modules

Battery controls: shunt and discharge resistors, MOSFETs

Source: RNCOS

20% CAGR for hybrids expected 2009-2012

27

Page 28: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

APPLICATION EXAMPLE FORHYBRIDS: INVERTER

DC-Link: film capacitor module

MOSFETs,optocouplers

Intelligent IGBT modules:MOSFETs, TANDEM diodes, ultrafast rectifiers

MOSFETs, IHLP® inductors,TMBS® Schottky rectifiers,TVS diodes,HV MLCCs

VISHAY ADVANTAGES: Ability to Customize Superior Switching Performance Good Thermal Performance Battery shunt

current sense resistors

High current inductors

28

Page 29: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

ENERGY SAVING THROUGHSTART/STOP TECHNOLOGY IN CARS

Vishay offers key components—both custom and off-the-shelf—for start/stop applications such as:

DC boost converters: power inductors, MOSFETs, Schottkydiodes, electrolytic capacitors

B6 bridges and current sensors: MOSFETs, customized Power Metal Strip® resistors

50% of all new cars expected to be equipped with start/stop technology by 2012

Source: Industry estimate29

Page 30: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

APPLICATION EXAMPLE FORSTART/STOP: DC/DC CONVERTER

VISHAY ADVANTAGES: Low Forward Loss Excellent Stability Transient Immunity

Power Metal Strip®current sense resistors

Electrolyticboost capacitors

IHLP® inductors

High break downvoltage dividers

MOSFETs,TMBS® Schottky rectifiers

30

Page 31: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

ALTERNATIVE ENERGYWIND AND SOLAR

Vishay offers key components, both custom and off-the-shelf, for solar and wind energy applications such as:

Inverters: MOSFETs, intelligent IGBT and SCR modules, snap-in electrolytic capacitors, discharge and chopper resistors

Grid filters: AC power factor correction capacitors

Junction boxes: bypass power Schottky diodes

Source: IC Insights

25% CAGR FOR SOLAR INSTALLATIONS 2008-2013

31

Page 32: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

KEY COMPONENTS FORWIND AND SOLAR ENERGY

VISHAY ADVANTAGES: Long Life, High Reliability High Power Density Safety Approvals

Power capacitors

32

Power Schottkyby-pass diodes

Discharge and chopperresistors

Phase-leg thyristors,SCR-modules

Snap-in & screw terminalelectrolytic capacitors

32

Page 33: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

3333

ENERGY SAVINGS THROUGHLED LIGHTING

Vishay offers solutions and key components—both custom and off-the-shelf—for lighting applications such as:

LEDs: high power LEDs and modules

DC/DC controls: PowerPAK® MOSFETs, IHLP® inductors, current sense resistors

AC/DC power supplies: TMBS® diodes, optocouplers, MOSFETS, tandem rectifiers for power factor correction

9% CAGR FOR LEDs EXPECTED 2009-2012

33Source: WSTS

Page 34: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

NEW GROWTH MARKETS

SOLUTION EXAMPLE FOR LEDs:LED STREET LIGHT

VISHAY ADVANTAGES: Optimized Thermal Performance Proprietary DC Current Control High Brightness LED Clusters

34

High powerLED clusters

High power LEDs

TMBS® diodes

Electrolytic capacitorsLow ESR MOSFET PowerPAK® SO8L

IHLP® inductors

34

Page 35: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

Q1 2010 FINANCIAL RESULTS

VISHAY TODAY GROWTH MARKETS Q1 RESULTS SPIN-OFF VPG LOOKING AHEAD

Page 36: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

Q1 FINANCIAL INFORMATION

36

HIGHLIGHTS Q1 2010

Revenues for Q1 10 were $640M or $34M higher than Q4 09

Adjusted operating margins improved by $26M: from $39M in Q4 09 to $65M in Q1 10

EPS of $0.24

Cash from operations in Q1 10 was $68M

Capital expenditures in Q1 10 were $18M

Inventories at distribution down by 6% compared to Q4 09 for turns of 5.0

Page 37: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

Q1 FINANCIAL INFORMATION

37

FINANCIAL RESULTS

in millions, except per share amounts Q1 2010 Q1 2009 Q4 2009

Net revenues $640 $450 $607

Gross profit $167 $68 $137

26.1% 15.1% 22.6%

Operating income $65 ($38) $35

10.2% (8.5%) 5.7%

Net earnings $45 ($29) $29

EPS $0.24 ($0.16) $0.15

Page 38: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

Q1 FINANCIAL INFORMATION

38

ADJUSTED FINANCIAL RESULTS

in millions, except per share amounts Q1 20101 Q1 2009 Q4 2009

Net revenues $640 $450 $607

Gross profit $167 $68 $137

26.1% 15.1% 22.6%

Adjusted operating income $65 ($19) $39

10.2% (4.3%) 6.4%

Adjusted net earnings $45 ($15) $32

Adjusted EPS $0.24 ($0.08) $0.16

1) No adjustments for Q1 2010

Page 39: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

Q1 FINANCIAL INFORMATION

39

in millions Q1 2010 Q1 2009 Q4 2009

GAAP NET EARNINGS (LOSS) $45 ($29) $28

Reconciling items affecting operating margin:

Restructuring and severance costs - $19 $3

Asset write-downs - $1

Tax effects of items above and other one-time tax expense (benefit)

- ($1) ($1)

ADJUSTED NET EARNINGS (LOSS) $45 ($15) $32

RECONCILIATION OF GAAP TO ADJUSTED

Page 40: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

Q1 FINANCIAL INFORMATION

40

BALANCE SHEET OVERVIEW

Long term debt includes $105 million of exchangeable unsecured notes due in 92 years

in millions Q1 2010 Q1 2009 Q4 2009

Cash and cash equivalents $613 $365 $579

Long term debt incl. current portion $334 $361 $336

Inventories $435 $505 $435

Inventory turns* 4.3 2.9 4.3*Costs of products for the quarter 4x divided by the average inventory at the end of the quarter and the previous quarter

in millionsQ3 2009 Q2 2008 Q1 2009

Page 41: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

Q1 FINANCIAL INFORMATION

41

CASH FLOW OVERVIEW

in millions Q1 2010 Q1 2009 Q4 2009

Depreciation $45 $49 $56

Amortization $6 $6 $4

Cash from operations $68 $53 $112

CapEx $18 $11 $24

Free Cash* $50 $42 $92*Cash flows from operations less capital expenditures plus proceeds from sale of property and equipment

in millionsQ3 2009 Q2 2008 Q1 2009

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BOOK-TO-BILL DETAIL

Q1 2010 Q4 2009 Q3 2009 Q2 2009 Q1 2009

Book-to-bill VISHAY 1.46 1.22 1.11 1.06 0.89

Book-to-bill semiconductors 1.57 1.32 1.13 1.14 0.96

Book-to-bill passive components 1.35 1.12 1.09 0.97 0.84

Book-to-bill distribution 1.67 1.37 1.17 1.20 0.84

Book-to-bill OEMs 1.22 1.06 1.06 0.93 0.93

Book-to-bill Americas 1.30 1.16 1.12 0.99 0.81

Book-to-bill Europe 1.31 1.22 1.10 0.95 0.88

Book-to-bill Asia 1.70 1.29 1.12 1.19 0.97

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OPERATIONAL METRICS

Q1 2010 Q4 2009 Q3 2009 Q2 2009 Q1 2009

Change in ASP vs. prior year VISHAY (1.5) (2.2) (2.8) (2.8) (2.2)

Change in ASP vs. prior year semis (2.9) (5.4) (5.6) (6.0) (5.4)

Change in ASP vs. prior year passives (0.0) 1.1 0.6 0.5 0.6

Backlog at quarter end VISHAY $908 $630 $502 $433 $400

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GUIDANCE FOR Q2 2010

Revenues of $660 to $700 million at further improved margins

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SPIN-OFFVISHAY PRECISION GROUP

VISHAY TODAY GROWTH MARKETS Q1 RESULTS SPIN-OFF VPG LOOKING AHEAD

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TRANSACTION OVERVIEW

Spin-off of Vishay’s measurements and foil resistor business into an independent, publicly traded company to be named Vishay Precision Group (“VPG”)

The spin-off is expected to take the form of a tax-free stock dividend to Vishay’s shareholders

Vishay and VPG are expected to have dual-class common stock after the spin-off has been executed

VPG will be headquartered in the U.S. Form 10 filed on March 26, 2010 The transaction is expected to close in mid 2010

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SPIN-OFF VISHAY PRECISION GROUP

RATIONALE

Vishay Precision Group 47

VPG is not a core component of Vishay’s overall operations

Fundamentally different from Vishay across products, technology, manufacturing processes, markets and customers

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VISHAY PRECISION GROUP OVERVIEW

VPG is a leading sensor technology company providing vertically integrated products and solutions for multiple fast-growing markets in the area of stress measurement, weighing modules, and process control systems

VPG sales: 2009 approx. $172 million 2008 approx. $242 million

Equivalent to approx. 9% of Vishay’s total revenues Spin-off expected to have negligible impact on Vishay’s

operating margins and slight impact on gross margins• VPG has higher gross margins but a higher

percentage of SG&A costs than Vishay’s corporate average

Page 49: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

LOOKING AHEAD

VISHAY TODAY GROWTH MARKETS Q1 RESULTS SPIN-OFF VPG LOOKING AHEAD

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GROW OPERATING MARGIN TO > 10% OF SALES

Contribution margin of 40% - 45%

Keep Fixed Costs controlled at close to current low levels despite revenue growth

For each additional $1 of sales, approximately $0.40 drop to operating profit

LEVERAGING CURRENT MODELWHILE RETURNING TO PRE-CRISIS SALES LEVELS

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CONTINUED GENERATION OF FREE CASH

Despite sales increases keep working capital low

CapEx of $120 - $150 million per year

No material restructuring costs

Tax rate back to levels of high 20s

LEVERAGING CURRENT MODELWHILE RETURNING TO PRE-CRISIS SALES LEVELS

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AFTER ECONOMIC RECOVERY

Growth through leveraging broad product portfolio: “one-stop shop” service

Growth through innovative products—R&D

Growth through targeted acquisitions

IMPROVE EPSBY OUTGROWING OUR MARKETS WHILE MAINTAINING STRONG FINANCIAL POSITION

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GROWTH THROUGH R&D

Sales of products less than 5 years old currently at 26%

Equivalent to a contribution of approx. 5% per year to internal growth

More than offsets aging of product portfolio

Further intensify R&D programs after recession

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TARGETED ACQUISITION STRATEGY

Solid product portfolios complementing Vishay’s existing product lines

Cash payback in less than 8 years

Accretive to earnings in less than 12 months

Compatible with Vishay: can be integrated and run by Vishay’s present organization

Contribution margins of over 40%

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LOOKING AHEAD

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TARGETED ACQUISITION STRATEGY

Acquisitions in passive components:

• Strengthen and broaden Vishay’s position as a specialty products supplier

Acquisitions in discrete semiconductors:

• Increase market share and exploit synergies

Page 56: VISHAY INTERTECHNOLOGY, INC. · Ceramic Power, Film, Tantalum Film, Power SMD Resistors Variable, Sensors Inductors, Trans-formers VISHAY Avago AVX Fairchild Int. Rectifier Infineon

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SUMMARY

Vishay has emerged from the crisis stronger

10-12% Operating Margin under normal economic conditions

Further improve EPS by outgrowing end markets through acquisitions

Maintain strong financial position