Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q4 FY2018 Earnings Presentation
12 slides from Lumentum's earnings presentation, Aug 8, 2018
Slide 1: Q4 FY18 Conference Call August 8, 2018
Q4 FY18 Conference Call August 8, 2018
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: No Offer or Solicitation and Additional Information and Where to Find It
No Offer or Solicitation and Additional Information and Where to Find It No Offer or Solicitation This communication is for informational purposes only and not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell or an
Slide 4: Q4 and Full Year FY18 Key Points
Q4 and Full Year FY18 Key Points ▪ Full year performance – Record revenue of $1.25B up 25% over prior year – Industrial & Consumer up 848% over prior year with launch of 3D sensing into mobile devices – Commercial Lasers up 31% over prior year driven by micro and macro materials processing – Non-GAA
Slide 5: Q4 FY18 Results (GAAP)
Q4 FY18 Results (GAAP) $ in millions Q4 FY18 Q3 FY18 Q4 FY17 except for EPS, % of revenue Revenue $301.1 $298.8 $222.7 Gross Margin 95.5 31.7% 97.0 32.5% 67.3 30.2% Operating Expenses 74.6 24.8% 71.5 23.9% 63.4 28.5% Operating Income 20.9 6.9% 25.5 8.5% 3.9 1.8% Diluted EPS $0.40 $0.04 $(0.90) Dilut
Slide 6: FY18 Results (GAAP)
FY18 Results (GAAP) $ in millions FY18 FY17 except for EPS, % of revenue Revenue $1,247.7 $1,001.6 Gross Margin 432.1 34.6% 318.1 31.8% Operating Expenses 292.2 23.4% 270.5 27.0% Operating Income 139.9 11.2% 47.6 4.8% Diluted EPS $3.82 $(1.71) Diluted Shares-M 63.3 60.6 © 2018 Lumentum Operations LL
Slide 7: Q4 FY18 Results (Non-GAAP)
Q4 FY18 Results (Non-GAAP) $ in millions Q4 FY18 Q3 FY18 Q4 FY17 except for EPS, % of revenue Revenue $301.1 $298.8 $222.7 Gross Margin 112.1 37.2% 108.5 36.3% 73.2 32.9% Operating Expenses 58.5 19.4% 59.1 19.8% 52.8 23.7% Operating Income 53.6 17.8% 49.4 16.5% 20.4 9.2% Diluted EPS $0.95 $0.78 $0.3
Slide 8: FY18 Results (Non-GAAP)
FY18 Results (Non-GAAP) $ in millions FY18 FY17 except for EPS, % of revenue Revenue $1,247.7 $1,001.6 Gross Margin 485.1 38.9% 347.2 34.7% Operating Expenses 238.9 19.1% 222.9 22.3% Operating Income 246.2 19.7% 124.3 12.4% Diluted EPS $3.82 $1.94 Diluted Shares-M 64.8 63.1 © 2018 Lumentum Operation
Slide 9: Q4 FY18 Segment Results (Non-GAAP)
Q4 FY18 Segment Results (Non-GAAP) Q4 FY18 Q3 FY18 Q4 FY17 $ in millions Revenue $301.1 $298.8 $222.7 Optical Communications 244.9 246.3 186.8 Telecom 133.1 122.6 120.2 Datacom 34.5 36.3 50.1 Industrial & Consumer(1) 77.3 87.4 16.5 Commercial Lasers 56.2 52.5 35.9 Gross Margin 37.2% 36.3% 32.9% Opti
Slide 10: Balance Sheet Selected Items
Balance Sheet Selected Items Q4 FY18 Q3 FY18 $ in millions Cash and Short-term Investments $711.5 $692.8 Working Capital(1) 201.7 180.4 Property, Plant & Equipment, net 306.9 301.8 Total Assets 1,581.5 1518.2 Total Liabilities 619.6 605.8 Shareholder’s Equity(2) 961.9 912.4 (1) Working capital exclu
Slide 11: Q1 FY19 Guidance (Non-GAAP)
Q1 FY19 Guidance (Non-GAAP) Guidance provided is based on our expectations as of today and will not be updated or confirmed as of any other date. Q4 FY18 Q1 FY19 $ in millions Actual Estimate except for EPS, % of revenue Revenue $301.1 $340 - $360 Operating Margin 17.8% 19% - 21% Diluted EPS $0.95 $
Slide 12: Lumentum
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