Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q1 2022 Earnings Presentation
10 slides from Lumentum's earnings presentation, Nov 4, 2021
Slide 1: Q1 FY22 Conference Call
Q1 FY22 Conference Call November 4, 2021
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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, you can identify forward-looki
Slide 3: Additional information and where to find it
Additional information and where to find it NeoPhotonics will file relevant materials with the Securities and Exchange Commission (the “SEC”) in connection with the proposed transaction, including a proxy statement on Schedule 14A. Under the proposed terms, promptly after filing its proxy statement
Slide 4: Q1FY22 Key Points
Q1FY22 Key Points ▪ Exceeded guidance range on all financial metrics – Strong market demand across all major product lines; expect favorable demand trends throughout FY22 – Strength in Industrial & Consumer and Lasers more than offset impact of supply shortages in Telecom & Datacom – Demand mix shif
Slide 5: Q1 FY22 Results (GAAP)
Q1 FY22 Results (GAAP) $ in millions Q1 FY22 Q4 FY21 Q1 FY21 except for EPS, % of revenue Revenue $448.4 $392.1 $452.4 Gross Margin 232.2 51.8% 162.8 41.5% 205.7 45.5% Operating Expenses 116.3 25.9% 117.0 29.8% 106.7 23.6% Operating Income 115.9 25.8% 45.8 11.7% 99.0 21.9% Diluted EPS $1.08 $0.28 $0
Slide 6: Q1 FY22 Results (Non-GAAP)
Q1 FY22 Results (Non-GAAP) $ in millions Q1 FY22 Q4 FY21 Q1 FY21 except for EPS, % of revenue Revenue $448.4 $392.1 $452.4 Gross Margin 246.7 55.0% 187.2 47.7% 235.2 52.0% Operating Expenses 87.8 19.6% 90.6 23.1% 82.7 18.3% Operating Income 158.9 35.4% 96.6 24.6% 152.5 33.7% Diluted EPS $1.79 $1.06
Slide 7: Q1 FY22 Segment Results
Q1 FY22 Segment Results Q1 FY22 Q4 FY21 Q1 FY21 $ in millions Revenue $448.4 $392.1 $452.4 Optical Communications 406.0 355.2 428.5 Telecom & Datacom 216.0 256.4 261.3 Industrial & Consumer(1) 190.0 98.8 167.2 Commercial Lasers 42.4 36.9 23.9 Gross Margin (Non-GAAP) 55.0 % 47.7 % 52.0% Optical Commu
Slide 8: Balance Sheet
Balance Sheet Selected Items Q1 FY22 Q4 FY21 $ in millions Cash and Short-term Investments $1,884.6(1) $1,946.0(2) Working Capital(3) 322.5 216.9 Property, Plant & Equipment, net 353.2 361.1 Total Assets 3,519.0 3,551.6 Total Liabilities 1,547.6 1,578.8 Shareholder’s Equity 1,971.4 1,972.8 (1) Repur
Slide 9: Q2 FY22 Guidance (Non-GAAP)
Q2 FY22 Guidance (Non-GAAP) Guidance is based on our expectations as of today and will not be updated or confirmed as of any other date Q1 FY22 Q2 FY22 $ in millions Actual Guidance except for EPS, % of revenue Revenue $448.4 $435 - $455 Operating Margin 35.4% 30.0% – 32.0% Diluted EPS $1.79 $1.47 -
Slide 10: Lumentum
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