FINANCIAL HIGHLIGHTS

Third Quarter 2016 Financial Highlights

                              Quarterly Revenues ($M)

* Mid range guidance

TowerJazz’s management Ringing the Nasdaq Stock Market Opening...

TowerJazz’s Leadership Team Ringing the Nasdaq Stock Market Opening Bell - November 16, 2016

Posted by Tower Semiconductor on Thursday, November 17, 2016

TowerJazz’s Leadership Team Ringing the Nasdaq Stock Market Opening Bell – November 16, 2016

Strong and continuous revenue growth

  • Record revenues of $326 million (34% YoY growth)
  • Strong Q4 2016 mid range revenue guidance of $340 million (34% YoY growth)

Substantial net profit and margins increase

  • Net profit of $51 million, as compared to $14 million YoY
  • Record EBITDA of $97 million (54% YoY increase)

Strong Balance Sheet and Financial Ratios

  • Reduced net debt to $16 million
  • Increased cash and short-term deposits to $363 million
  • Record shareholders equity of $636 million, as compared to $386 million as of Dec’31, 2015