FINANCIALS HIGHLIGHTS

Q4 and FY 2014

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

TowerJazz Annual Revenues
2005-2014