Slide 1: Company Overview
Company Overview November 7, 2022
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical
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 Trends
Strong Revenue Trends Quarterly Consolidated Revenue US$MM 800.0 700.0 655.4 566.6 564.4 587.9 543.3 600.0 479.3 509.6 500.0 426.2 453.8 411.2 436.6 405.1 400.0 300.0 200.0 100.0 0.0 Dec'19 Dec'20 Dec'21 Mar'20 Mar'21 Mar'22 Jun '20 Jun '21 Jun '22 Sep'20 Sep'21 Sep'22* Optical communications Non-op
Slide 8: Consistent Profitability Through the Cycles
Consistent Profitability Through the Cycles Non-GAAP gross margin and non-GAAP operating margin (1) % of Sales 15.0% 12.1% 12.6% 12.1% 12.9% 10.3% 9.7% 10.7% 9.5% 10.0% 5.0% 0.0% FY2021 FY2022 1Q22 1Q23 Gross margin Operating margin ROIC (2) 36.0% 35.6% 34.4% 34.0% 32.6% 32.0% 30.9% 30.0% 28.0% FY20
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials US$MM, except per share figures 3 months ended 30-Sep-22 (2) 24-Sep-21 Revenue 655.4 543.3 ◼ Q1 revenue of $655.4 million was above the upper end of the Y-o-Y change 21% 24% guidance range Gross profit (non-GAAP) (1) 84.7 65.7 ◼ Q1 non-GAAP operating margi
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth Selected Items US$MM As of Sept 30, 2022 Cash, cash equivalents (1) 499.9 Working capital (2) 581.0 Property, plant & equipment, net 294.9 Total debt (3) 21.3 Total shareholders’ equity 1,302.4 (1) Cash & cash equivalents include marketable securities and restricted cas
Slide 11: Appendix
fabrinet . mm >) —< a TRUSTED MANUFACTURING PARTNER OF THE WORLD'S LEADING OEMS Appendix
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 September 30, June 24, September 24, June 24, June 25, June
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) Three Months Ended September 30, September 30, June 24, June 24, September 24, September 24, 2022 2022 2022 2022 2021 2021 GAAP and Non-GAAP EPS-Rolling 4 Quarters Net income Diluted EPS Net income Di
Slide 14: Revenue Mix
Revenue Mix F1Q21 F2Q21 F3Q21 F4Q21 F1Q22 F2Q22 F3Q22 F4Q22 F1Q23 Optical Communications 79% 77% 75% 76% 79% 80% 78% 79% 76% Datacom 24% 21% 22% 20% 21% 22% 19% 20% 19% Telecom 76% 79% 78% 80% 79% 78% 81% 80% 81% Non-Optical Communications 21% 23% 25% 24% 21% 20% 22% 21% 24% Optical and non-optical