VISHAY INTERTECHNOLOGY, INC.
CORPORATE PRESENTATION
MAY 2010
 VISHAY TODAY
 GROWTH MARKETS
 Q1 RESULTS
 SPIN-OFF VPG
 LOOKING AHEAD
NOTES ON FORWARD-LOOKING STATEMENTS

Comments in this presentation other than statements of historical fact may constitute forwardlooking 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.
NON-GAAP FINANCIAL MEASURES

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.
2
VISHAY TODAY
 VISHAY TODAY
 GROWTH MARKETS
 Q1 RESULTS
 SPIN-OFF VPG
 LOOKING AHEAD
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
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
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
6
VISHAY TODAY
GROWTH THROUGH ACQUISITIONS
SALES IN
MILLION
3,000
2,800
2,600
2,400
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
International Rectifier
PCS
BCcomponents
Siliconix,
Telefunken
General
Semiconductor,
Infineon infrared
Kemet
wet
tantalum
Q1 10: $640M
Annualized: $2,560M
Vitramon
Roederstein
Draloric
Sprague
Sfernice
Dale
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
Year
7
VISHAY TODAY
BROAD MARKET PENETRATION
COMPUTING
17%
CONSUMER
10%
MEDICAL
2%
DISTRIBUTION
5%
AUTOMOTIVE
15%
POWER
SUPPLIES
9%
ASIA
38%
TELECOM
13%
INDUSTRIAL
29%
DISTRIBUTION
47%
END MARKETS
EMS
9%
AMERICAS
25%
REVENUES 2009 $2,042 M
EUROPE
37%
GEOGRAPHY
OEM
44%
SALES CHANNELS
8
VISHAY TODAY
BROAD MARKET PENETRATION
EXCL. VISHAY PRECISION GROUP
COMPUTING
19%
CONSUMER
11%
MEDICAL
3%
AUTOMOTIVE
15%
MILITARY/AERO
5%
POWER
SUPPLIES
9%
TELECOM
16%
ASIA
41%
INDUSTRIAL
22%
DISTRIBUTION
48%
END MARKETS
EMS
9%
AMERICAS
22%
VISHAY REVENUES 2009
EXCL. VISHAY PRECISION GROUP
EUROPE
37%
GEOGRAPHY
APPROX. $1,870 M
OEM
43%
SALES CHANNELS
9
VISHAY TODAY
BROAD CUSTOMER BASE
NO SINGLE OEM CUSTOMER REPRESENTS OVER 5% OF SALES
OEM
EMS
DISTRIBUTION
10
VISHAY TODAY
BALANCED PRODUCT PORTFOLIO
MEASUREMENTS
GROUP
7%
MOSFETS
21%
CAPACITORS
21%
DIODES
20%
RESISTORS
INDUCTORS
23%
INFRARED
OPTO
8%
51% PASSIVES - 49% SEMICONDUCTORS
REVENUES 2009 $2,042 M
11
VISHAY TODAY
BALANCED PRODUCT PORTFOLIO
EXCL. VISHAY PRECISION GROUP
MOSFETS
23%
CAPACITORS
22%
DIODES
22%
RESISTORS
INDUCTORS
24%
INFRARED
OPTO
8%
46% PASSIVES - 54% SEMICONDUCTORS
VISHAY REVENUES 2009
EXCL. VISHAY PRECISION GROUP
APPROX. $1,870 M
12
VISHAY TODAY
BROADEST LINE OF DISCRETE SEMICONDUCTORS
AND PASSIVE COMPONENTS
SEMICONDUCTORS
DIODES MOSFETs
VISHAY
Avago
AVX
Fairchild
Int. Rectifier
Infineon
KEMET
KOA
Murata
Nichicon
NXP (Philips)
ON Semi
Panasonic
Rohm
Sharp
ST Micro
TDK/EPCOS
Toshiba
Yageo
Diodes,
Rectifiers
MOSFETs







PASSIVE COMPONENTS
OPTO
CAPACITORS
Infrared
Components
Optocouplers
LEDs








Aluminum,
Ceramic
Film,
Power
SMD
Resistors














RESISTORS
Power,
Film,
Tantalum
MAGNETICS
Inductors,
Variable,
TransSensors
formers


























Source: Company estimates














 = Major Position  = Minor Position
13
VISHAY TODAY
TECHNOLOGY LEADER IN
PASSIVE COMPONENTS
#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
Source: WRTS, Company estimates
14
VISHAY TODAY
TECHNOLOGY LEADER IN
SEMICONDUCTORS
#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
Source: WSTS, IMS, Company estimates
15
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
VISHAY TODAY
GROSS MARGIN
MILLIONS USD
% OF SALES
800
800
40%
40%
700
35%
700
35%
600
30%
600
30%
500
25%
500
25%
400
20%
400
20%
300
15%
300
15%
200
10%
200
10%
100
5%100
5%
0
0% 0
0%
02
03
04
05
06
07
08
09
Q1
09
Q2
09
Q3
09
Q4
09
Q1
10
17
VISHAY TODAY
ADJUSTED GROSS MARGIN
MILLIONS USD
% OF SALES
800
40% 800
40%
700
35% 700
35%
600
30% 600
30%
500
25% 500
25%
400
20% 400
20%
300
15% 300
15%
200
10% 200
10%
100
5% 100
5%
0%
0%
0
02
03
04
05
06
07
08
09
0
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10
18
VISHAY TODAY
OPERATING MARGIN
MILLIONS USD
% OF SALES
300
30% 300
30%
250
25% 250
25%
200
20% 200
20%
150
15% 150
15%
100
10% 100
10%
50
5%
50
5%
0
0%
0
0%
(50)
-5%
(50)
-5%
(100)
-10% (100)
-10%
(150)
-15% (150)
-15%
02
03
04
05
06
07
08
09
Q1
09
Q2
09
Q3
09
Q4
09
Q1
10
2008: Operating Profit was ($1,648.7), see
reconciliation schedule
19
VISHAY TODAY
ADJUSTED OPERATING MARGIN
MILLIONS USD
% OF SALES
280
28%
280
28%
250
25%
250
25%
220
22%
220
22%
190
19%
190
19%
160
16%
160
16%
130
13%
130
13%
100
10%
100
10%
70
7%
70
7%
40
4%
40
4%
10
1%
10
1%
(20)
-2%
(20)
-2%
(50)
-5%
(50)
-5%
02
03
04
05
06
07
08
09
Q1 Q2 Q3 Q4 Q1
09 09 09 09 10
20
VISHAY TODAY
RECONCILIATION OF GAAP TO ADJUSTED
in 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 writedowns
6
16
Product quality claims
(1)
17
18
133
3
Reconciling items affecting operating
margin:
Restructuring and severance costs
Asset write-downs
Settlement agreement gain
Executive employment agreement charge
Impairment of goodwill and indefinite-lived
intangibles
Terminated tender offer expenses
38
3
1
1
3
12
(28)
(28)
58
58
19
63
15
40
30
47
29
19
5
4
7
11
27
1
12
1,723
4
Contract termination charge
19
Siliconix transaction-related charges
4
Purchased in-process R&D
10
Environmental remediation
Gain on sale of building
2
4
(5)
(3)
21
VISHAY TODAY
REDUCTION OF CAPITAL EXPENDITURES
MILLION USD
MILLION USD
350
350
300
300
250
250
200
200
150
150
100
100
50
50
0
0
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
FC
10
22
VISHAY TODAY
STRONG GENERATION OF FREE CASH
CASH FLOWS FROM OPERATIONS LESS CAPITAL EXPENDITURES PLUS PROCEEDS FROM SALE OF PROPERTY AND EQUIPMENT
MILLIONS
MILLIONS
$350
$350
$300
$250
$300
$200$250M
$250
$200
$200
$150
$150
$100
$100
$50
$50
$0
$0
($50)
($50)
($100)
($100)
93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 FC
10
23
VISHAY TODAY
NET CASH POSITIVE
as of April 3, 2010
in millions (USD)
Revolving Debt (up to $250M)
Term Loan
Exchangeable Unsecured Notes
Convertible Notes
Other Debt
Outstanding
Principal Repayment Due
2010
2011
125
88
13
2
TOTAL DEBT
334
CASH AND CASH EQUIVALENTS
613
Interest
Available through
April 20, 2012
LIBOR plus 1.52%
75
105
15
Comments
2
LIBOR plus 2.5%
Due 2102 or
in 92 years
LIBOR
Putable 2010,
due 2023
3.625%
$15 M term loan
maturing 2014
LIBOR plus 3.45%
24
VISHAY TODAY
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 2009
No material restructuring charges expected for 2010:
all defined restructuring programs implemented or announced
25
NEW GROWTH MARKETS
 VISHAY TODAY
 GROWTH MARKETS
 Q1 RESULTS
 SPIN-OFF VPG
 LOOKING AHEAD
NEW GROWTH MARKETS
ENERGY SAVING THROUGH
HYBRID AND FULLY ELECTRIC VEHICLES
20% CAGR for hybrids expected 2009-2012
New functions in hybrid cars include inverters and advanced
motor control and battery management
Vishay offers key components—both custom and off-theshelf—for hybrid applications such as:
 DC-links: film capacitor modules
 Inverters: IGBT modules
 Battery controls: shunt and discharge resistors, MOSFETs
Source: RNCOS
27
NEW GROWTH MARKETS
APPLICATION EXAMPLE FOR
HYBRIDS: INVERTER



VISHAY ADVANTAGES:
Ability to Customize
Superior Switching Performance
Good Thermal Performance
MOSFETs,
optocouplers
DC-Link: film capacitor module
High current inductors
Battery shunt
current sense resistors
Intelligent IGBT modules:
MOSFETs, TANDEM diodes,
ultrafast rectifiers
MOSFETs,
IHLP® inductors,
TMBS® Schottky rectifiers,
TVS diodes,
HV MLCCs
28
NEW GROWTH MARKETS
ENERGY SAVING THROUGH
START/STOP TECHNOLOGY IN CARS
50% of all new cars expected to be equipped with
start/stop technology by 2012
Vishay offers key components—both custom and off-theshelf—for start/stop applications such as:
 DC boost converters: power inductors, MOSFETs, Schottky
diodes, electrolytic capacitors
 B6 bridges and current sensors: MOSFETs, customized
Power Metal Strip® resistors
Source: Industry estimate
29
NEW GROWTH MARKETS
APPLICATION EXAMPLE FOR
START/STOP: DC/DC CONVERTER



VISHAY ADVANTAGES:
Low Forward Loss
Excellent Stability
Transient Immunity
Electrolytic
boost capacitors
High break down
voltage dividers
Power Metal Strip®
current sense resistors
IHLP® inductors
MOSFETs,
TMBS® Schottky rectifiers
30
NEW GROWTH MARKETS
ALTERNATIVE ENERGY
WIND AND SOLAR
25% CAGR FOR SOLAR INSTALLATIONS 2008-2013
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
31
NEW GROWTH MARKETS
KEY COMPONENTS FOR
WIND AND SOLAR ENERGY



VISHAY ADVANTAGES:
Long Life, High Reliability
High Power Density
Safety Approvals
Discharge and chopper
resistors
Power Schottky
by-pass diodes
Snap-in & screw terminal
electrolytic capacitors
Power capacitors
Phase-leg thyristors,
SCR-modules
32
NEW GROWTH MARKETS
ENERGY SAVINGS THROUGH
LED LIGHTING
9% CAGR FOR LEDs EXPECTED 2009-2012
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
Source: WSTS
33
NEW GROWTH MARKETS
SOLUTION EXAMPLE FOR LEDs:
LED STREET LIGHT



VISHAY ADVANTAGES:
Optimized Thermal Performance
Proprietary DC Current Control
High Brightness LED Clusters
High power
LED clusters
High power LEDs
IHLP® inductors
TMBS® diodes
Electrolytic capacitors
Low ESR
MOSFET PowerPAK® SO8L
34
Q1 2010 FINANCIAL RESULTS
 VISHAY TODAY
 GROWTH MARKETS
 Q1 RESULTS
 SPIN-OFF VPG
 LOOKING AHEAD
Q1 FINANCIAL INFORMATION
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
36
Q1 FINANCIAL INFORMATION
FINANCIAL RESULTS
Q1 2010
Q1 2009
Q4 2009
Net revenues
$640
$450
$607
Gross profit
$167
$68
$137
15.1%
22.6%
($38)
$35
(8.5%)
5.7%
$45
($29)
$29
$0.24
($0.16)
$0.15
in millions, except per share amounts
26.1%
Operating income
$65
10.2%
Net earnings
EPS
37
Q1 FINANCIAL INFORMATION
ADJUSTED FINANCIAL RESULTS
Q1 20101
Q1 2009
Q4 2009
Net revenues
$640
$450
$607
Gross profit
$167
$68
$137
15.1%
22.6%
($19)
$39
(4.3%)
6.4%
$45
($15)
$32
$0.24
($0.08)
$0.16
in millions, except per share amounts
26.1%
Adjusted operating income
$65
10.2%
Adjusted net earnings
Adjusted EPS
1) No adjustments for Q1 2010
38
Q1 FINANCIAL INFORMATION
RECONCILIATION OF GAAP TO ADJUSTED
in millions
Q1 2010
GAAP NET EARNINGS (LOSS)
$45
Q1 2009
($29)
Q4 2009
$28
Reconciling items affecting operating margin:
Restructuring and severance costs
-
Asset write-downs
-
Tax effects of items above and other one-time
tax expense (benefit)
-
ADJUSTED NET EARNINGS (LOSS)
$19
$3
$1
($1)
$45
($15)
($1)
$32
39
Q1 FINANCIAL INFORMATION
BALANCE SHEET OVERVIEW
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
4.3
2.9
4.3
in millions
Inventory turns*
*Costs of products for the quarter 4x divided by the average inventory at the end of the quarter and the previous quarter
Long term debt includes $105 million of exchangeable unsecured notes due in 92 years
Q3 2009
in millions
Q2 2008
Q1 2009
40
Q1 FINANCIAL INFORMATION
CASH FLOW OVERVIEW
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
in millions
*Cash flows from operations less capital expenditures plus proceeds from sale of property and equipment
Q3 2009
in millions
Q2 2008
Q1 2009
41
Q1 FINANCIAL INFORMATION
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
42
Q1 FINANCIAL INFORMATION
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
$630
$502
$433
$400
Backlog at quarter end VISHAY
$908
43
Q1 FINANCIAL INFORMATION
GUIDANCE FOR Q2 2010
 Revenues of $660 to $700 million at further
improved margins
44
SPIN-OFF
VISHAY PRECISION GROUP
 VISHAY TODAY
 GROWTH MARKETS
 Q1 RESULTS
 SPIN-OFF VPG
 LOOKING AHEAD
SPIN-OFF VISHAY PRECISION GROUP
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
46
SPIN-OFF VISHAY PRECISION GROUP
RATIONALE
 VPG is not a core component of Vishay’s overall
operations
 Fundamentally different from Vishay across products,
technology, manufacturing processes, markets and
customers
Vishay Precision Group
47
47
SPIN-OFF VISHAY PRECISION GROUP
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
48
LOOKING AHEAD
 VISHAY TODAY
 GROWTH MARKETS
 Q1 RESULTS
 SPIN-OFF VPG
 LOOKING AHEAD
LOOKING AHEAD
LEVERAGING CURRENT MODEL
WHILE RETURNING TO PRE-CRISIS SALES LEVELS
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
50
LOOKING AHEAD
LEVERAGING CURRENT MODEL
WHILE RETURNING TO PRE-CRISIS SALES LEVELS
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
51
LOOKING AHEAD
AFTER ECONOMIC RECOVERY
IMPROVE EPS
BY OUTGROWING OUR MARKETS WHILE
MAINTAINING STRONG FINANCIAL POSITION
 Growth through leveraging broad product
portfolio: “one-stop shop” service
 Growth through innovative products—R&D
 Growth through targeted acquisitions
52
LOOKING AHEAD
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
53
LOOKING AHEAD
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%
54
LOOKING AHEAD
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
55
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
56