Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q3 FY2020 Earnings Presentation
11 slides from Lumentum's earnings presentation, May 5, 2020
Slide 1: Q3 FY20 Conference Call
Q3 FY20 Conference Call May 5, 2020
Slide 2: Forward Looking Statements and Financial Presentation
Forward Looking Statements and Financial Presentation This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include any anticipation or guidance as to future finan
Slide 3: Q3 Key Points
Q3 Key Points ▪ COVID-19 revenue impact was more than $10 million higher than in prior guidance ▪ Supply constraints accelerated late in Q3 as COVID-19 spread beyond China ▪ Strong Telecom and Datacom demand but revenue limited by supply constraints – Telecom and Datacom bookings increased more than
Slide 4: Q4 Demand Expectations and Supply Trends
Q4 Demand Expectations and Supply Trends ▪ COVID-19 expected to significantly impact revenue due to supply and demand challenges ▪ Telecom and Datacom demand strong but supply constraints limit growth – Strong bookings continue – Datacom chip demand is very strong - expect continued revenue growth –
Slide 5: Longer-Term Trends and Comments
Longer-Term Trends and Comments ▪ Lumentum focused on long-term durable global market trends – Expanding the bandwidth and scale of cloud datacenters – Expanding the bandwidth and flexibility of communications networks – Increasing the bandwidth of 5G wireless fronthaul and backhaul networks – Enabl
Slide 6: Q3 FY20 Results (GAAP)
Q3 FY20 Results (GAAP) $ in millions Q3 FY20 Q2 FY20 Q3 FY19 except for EPS, % of revenue Revenue $402.8 $457.8 $432.9 Gross Margin 157.7 39.2% 189.1 41.3% 88.3 20.4% Operating Expenses 115.2 28.6% 114.3 25.0% 164.7 38.0% Operating Income 42.5 10.6% 74.8 16.3% (76.4) (17.6)% (Loss) Diluted EPS $0.56
Slide 7: Q3 FY20 Results (Non-GAAP)
Q3 FY20 Results (Non-GAAP) $ in millions Q3 FY20 Q2 FY20 Q3 FY19 except for EPS, % of revenue Revenue $402.8 $457.8 $432.9 Gross Margin 183.4 45.5% 216.8 47.4% 168.8 39.0% Operating Expenses 82.7 20.5% 84.8 18.5% 91.8 21.2% Operating Income 100.7 25.0% 132.0 28.8% 77.0 17.8% Diluted EPS $1.26 $1.53
Slide 8: Q3 FY20 Segment Results
Q3 FY20 Segment Results Q3 FY20 Q2 FY20 Q3 FY19 $ in millions Revenue $402.8 $457.8 $432.9 Optical Communications $ 359.3 409.4 377.9 Telecom & Datacom 251.0 266.3 300.7 Industrial & Consumer(1) 108.3 143.1 77.2 Commercial Lasers 43.5 48.4 55.0 Gross Margin (Non-GAAP) 45.5 % 47.4% 39.0% Optical Comm
Slide 9: Balance Sheet
Balance Sheet Selected Items Q3 FY20 Q2 FY20 $ in millions Cash and Short-term Investments $1,451.4 $1,315.6 Working Capital(1) 224.9 263.2 Property, Plant & Equipment, net 410.1 421.0 Total Assets 3,268.7 3,221.2 Total Liabilities 1,534.5 1,539.6 Shareholder’s Equity 1,734.2 1,681.6 (1) Working cap
Slide 10: Q4 FY20 Guidance (Non-GAAP)
Q4 FY20 Guidance (Non-GAAP) Guidance is based on our expectations as of today and will not be updated or confirmed as of any other date Q3 FY20 Q4 FY20 $ in millions Actual Guidance except for EPS, % of revenue Revenue $402.8 $325 - $365 Operating Margin 25.0% 18% – 21% Diluted EPS $1.26 $0.70 - $0.
Slide 11: Lumentum
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