032015_FINANCIALS HIGHLIGHTS

Highest Ever Quarterly and Full Year 2014 Revenues

• Record Q4 revenues of $235 million, up 75% year over year, including 23% organic growth (non-Micron and non-Panasonic)
• 2014 record revenues of $828 million, up 64% year over year
• Number one in pure play foundry year over year growth
• “Organic” (excluding Micron and Panasonic) top 10 customers’ 2014 revenue growth of approximately 34% over 2013
• Record design wins and masks entering the factories, with masks’ growth of 41% year over year

Q1 2015 Revenue Guidance

• Mid-range guidance of $225 million
  70% year over year growth
• EBITDA for 2014 was $154 million, significantly higher than $89 million
• recorded in 2013
  Recorded $84 million non-GAAP gross, reflecting 36% margins. Gave to Wall Street target of 40% by Q4’15
• FY non-GAAP net income of $128 million, more than doubled 2013 results of $56 million
• 2014 GAAP Net Profit with strong cash generation
• Strong balance sheet financial ratios
• Cash on hand $187M as of Dec. 31 2014 compared to $123M as of Dec. 31, 2013
  TowerJazz Annual Revenues
  2005-2014