Fabrinet · NYSE:FN
Fabrinet — Investor Presentation (August 2021)
14 slides from Fabrinet's investor presentation, Aug 16, 2021
Slide 1: Company Overview
Company Overview August 16, 2021
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of histori
Slide 3: Company Overview
Company Overview Global leader in advanced precision optical/ electronic/mechanical manufacturing services Fabrinet UK Calne, Wiltshire, UK VitroCom Fabrinet Israel Focus on high-mix/low-volume mission- Mountain Lakes, NJ Yokneam, Israel Fabrinet West Casix critical components and modules Santa Clar
Slide 4: Products We Manufacture
Products We Manufacture Optical Industrial Lasers Automotive Optical Sensing Communications Transceivers Fiber Lasers LIDAR LIDAR Modulators Solid-State Lasers EV Charging 3D Sensing Optical Amplifiers Gas Lasers LED & Laser AR/VR Systems ROADM Ultrafast Lasers Lighting
Slide 5: Efficient Global Manufacturing Footprint
Efficient Global Manufacturing Footprint Scalable Optical & Electro-Mechanical Assembly Customized Optics Quick-turn NPI Services Santa Clara, USA Fabrinet West Fuzhou, China Bangkok, Thailand Casix Pinehurst campus Calne, UK Fabrinet UK New Jersey, USA Chonburi, Thailand VitroCom Chonburi campus Yo
Slide 6: Investment Highlights
Investment Highlights Large & Growing Addressable Markets Differentiated Business Model with Significant Barriers to Entry Unique Expertise in Precision Manufacturing Technologies Geared To Next-Generation Products in Diverse Industries Strong Relationships With Industry Leading OEMs Demon
Slide 7: Strong Revenue
Strong Revenue Consolidated revenue US$MM 479.3 509.6 500 436.6 453.8 377.2 399.3 403.1 426.2 399.0 411.2 405.1 405.1 400 300 200 100 0 Sep'18 Sep'19 Sep'20 Dec'18 Dec'19 Dec'20 Mar '19 Mar'20 Mar'21 Jun '19 Jun '20 Jun '21 Optical communications Non-optical communications Optical communications rev
Slide 8: Consistent Profitability Through the Cycles
Consistent Profitability Through the Cycles Non-GAAP gross margin and non-GAAP operating margin (1) % of Sales 15.0% 12.1% 12.3% 11.7% 11.8% 9.5% 8.9% 9.9% 10.0% 8.8% 5.0% 0.0% FY2020 FY2021 4Q20 4Q21 Gross margin Operating margin ROIC (2) (1) Excludes share based compensation, executive separation
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials US$MM, except per share figures 3 months ended Record Q4 revenue of 25-June-21 26-June-20 $509.6MM was above the Revenue 509.6 405.1 guidance range Y-o-Y change 26% 0% Q4 non-GAAP gross margin of Gross profit (non-GAAP) (1) 62.6 48.0 12.3% was within t
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth Selected Items US$MM As of June 25, 2021 Cash, cash equivalents (1) 548.1 Working capital (2) 412.1 Property, plant & equipment, net 241.1 Total debt (3) 39.5 Total shareholders’ equity 1,112.5 (1) Cash & cash equivalents include marketable securities and restricted cas
Slide 11: Appendix
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Slide 12: Non-GAAP Reconciliation of Gross Margin and Operating Margin
Non-GAAP Reconciliation of Gross Margin and Operating Margin Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin (in thousands of U.S. dollars) Three Months Ended Twelve Months Ended June 25, 2021 March 26, 2021 June 26, 2020 June 25, 2021 Jun
Slide 13: Non-GAAP Reconciliation of Net Profit and EPS
Non-GAAP Reconciliation of Net Profit and EPS (in thousands of U.S. dollars, except per share data) FQ4'21 FQ3'21 FQ4'20 June 25,2021 March 26,2021 June 26,2020 Net income Diluted EPS Net income Diluted EPS Net income Diluted EPS GAAP measures 42,413 1.13 37,493 1.00 28,024 0.75 Items reconciling GA
Slide 14: Revenue Mix
Revenue Mix F4Q19 F1Q20 F2Q20 F3Q20 F4Q20 F1Q21 F2Q21 F3Q21 F4Q21 Optical Communications 74% 76% 76% 75% 78% 79% 77% 75% 76% Datacom 28% 24% 23% 28% 27% 24% 21% 22% 20% Telecom 72% 76% 77% 72% 73% 76% 79% 78% 80% Non-Optical Communications 26% 24% 24% 25% 22% 21% 23% 25% 24% Optical and non-optical