Logitech International S.a. · SIX:LOGN
Logitech International — Investor Day (March 2025)
171 slides from Logitech International's investor day presentation, Mar 5, 2025
Slide 1: Logitech AID 2025 Analyst & Investor Day
1 Logitech AID 2025 Analyst & Investor Day
Slide 2: Meet today's team
STRATEGIC OVERVIEW 2 Meet today’s team HANNEKE FABER PRAKASH ARUNKUNDRUM DELPHINE DONNÉ UJESH DESAI CHIEF EXECUTIVE OFFICER LOGITECH FOR BUSINESS PERSONAL WORKSPACE LOGITECH G MATTEO ANVERSA MALIN LESCHLY JAY WILDER SREE CHENINCHERRY CHIEF FINANCIAL OFFICER CHIEF DESIGN OFFICER CHIEF DIGITAL OFFICER
Slide 3: Forward-Looking Statements Non-GAAP Measures
Forward-Looking Statements Non-GAAP Measures This presentation contains forward-looking statements within the meaning of the U.S. federal securities laws, including, To facilitate comparisons to Logitech’s historical results, we have included without limitation, statements regarding: our growth stra
Slide 4: Definitions
Definitions These definitions apply to all uses of these terms throughout the 2025 Analyst and Investor Day materials and presentations. Defining "Business” and “Consumer”: Defining "Serviceable Addressable Market”: Logitech sells products primarily to distributors, retailers and e-tailers. “Busines
Slide 5: Introduction & Strategy
5 LOGITECH ANALYST & INVESTOR DAY 2025 Introduction & Strategy Hanneke Faber CEO
Slide 6: The case for Logitech
INTRODUCTION & STRATEGY 6 The case for Logitech Growing, highly profitable $4.3B1 company Credible plan to achieve incremental with a $24B market opportunity growth in new verticals and adjacencies Not naive to macro uncertainty—but Innovating at scale, with have thrived in that environment, AI tail
Slide 7: Logitech at a glance
INTRODUCTION & STRATEGY 7 Logitech at a glance #20 78% $4.3B #1 or #2 engagement FY24 net sales Market share in 11/13 categories1 $0.8B Video Collaboration (VC) EMPLOYEE ENGAGEMENT $2.1B Personal Workspace B2B Americas EMEA AP Solutions (PWS) (PWS & VC) 44% 30% 26% $1.2B B2C of FY24 net sales Gaming
Slide 8: Logitech at a glance: $1.5B cash
INTRODUCTION & STRATEGY 8 Logitech at a glance #20 78% $4.3B #1 or #2 engagement FY24 net sales Market share in 11/13 categories1 $0.8B PRISTINE BALANCE SHEET Video Collaboration (VC) EMPLOYEE ENGAGEMENT $2.1B Personal Workspace $1.5B cashB2B Americas EMEA AP Solutions (PWS) (PWS & VC) 44% 30% 26% $
Slide 9: Logitech today is a bigger, stronger company
INTRODUCTION & STRATEGY 9 Logitech today is a bigger, stronger company Net sales Non-GAAP operating margin $4.3B1 16.3%1 $2.6B 11.2% FY18 FY24 FY18 FY24 1 Net sales and non-GAAP operating margin reported FY24
Slide 10: Logitech's foundational strengths
INTRODUCTION & STRATEGY 10 Logitech’s foundational strengths Strong Global Operations Sustainability R&D brand go-to-market powerhouse pioneer
Slide 11: World-class engineering and design
INTRODUCTION & STRATEGY 11 World-class engineering and design 〜6% sales R&D
Slide 12: Global brand with high awareness
INTRODUCTION & STRATEGY 12 Global brand with high awareness 〜6% ～90% sales awareness Strong R&D brand
Slide 13: Global go-to-market
INTRODUCTION & STRATEGY 13 Global go-to-market 〜6% ～90% Serving 150+ sales awareness countries Strong Global R&D brand go-to-market
Slide 14: An operations powerhouse
INTRODUCTION & STRATEGY 14 An operations powerhouse 〜6% ～90% Serving 150+ Manufacturing sales awareness countries 5 products a second Strong Global Operations R&D brand go-to-market powerhouse
Slide 15: Logitech's unique foundational capabilities
INTRODUCTION & STRATEGY 15 Logitech’s unique foundational capabilities 〜6% ～90% Serving 150+ Manufacturing 3 out of 4 sales awareness countries 5 products a products use second recycled plastic Strong Global Operations Sustainability R&D brand go-to-market powerhouse pioneer
Slide 16: Logitech's market opportunity: $24 billion
INTRODUCTION & STRATEGY 16 Logitech’s market opportunity: $24 billion Personal Workspace Gaming Solutions $6.5B $3B PWS B2C $5.7B PC, Sim, Console $2.7B Logitech PWS B2B revenue $4.3B FY24 Logitech for Education, $7.1B Business/ Logitech Healthcare, Video Collaboration, Enterprise for Business/ Publ
Slide 17: Logitech is positioned to benefit from macro trends
INTRODUCTION & STRATEGY 17 Logitech is positioned to benefit from macro trends AI New ways of working Gaming growth
Slide 18: The AI revolution is a great opportunity for Logitech
INTRODUCTION & STRATEGY 18 Macro trends The AI revolution is a great opportunity for Logitech AI New ways of working Gaming growth
Slide 19: Wherever someone is working, there's Logitech
INTRODUCTION & STRATEGY 19 Macro trends Wherever someone is working, there’s Logitech AI New ways of working Gaming growth
Slide 20: Gaming: much more than a game
INTRODUCTION & STRATEGY 20 Macro trends Gaming: much more than a game AI New ways of working Gaming growth
Slide 21: Logitech's Strategy
Logitech’s Strategy
Slide 22: Extend human potential in Work & Play
MISSION MISSION Extend human potential in work and play Extend human potential in Work & Play
Slide 23: Extend human potential in Work & Play
MISSION Extend human potential in Work & Play WHERE TO PLAY WHO WE ARE HOW TO WIN Design-led, One trusted, iconic brand software-enabled hardware for Work & Play Around the world B2C B2B Win Double-down
Slide 24: Doubling down on B2B: Accelerating growth in the $9.8B Enterprise market
Note: illustration is not to scale INTRODUCTION & STRATEGY 24 Doubling down on B2B: Accelerating growth in the $9.8B Enterprise market CORE/ENTERPRISE $9.8B market 1. Simpler, smarter, more sustainable solutions Net sales increase 2. Expand sales coverage Logitech for Business net sales today
Slide 25: Doubling down on B2B: $5 billion opportunity in new verticals
INTRODUCTION & STRATEGY 25 Doubling down on B2B: $5 billion market opportunity by entering new verticals CORE/ENTERPRISE $9.8B market EDUCATION HEALTHCARE Net sales increase PUBLIC SECTOR Logitech for Business + net sales today + + Note: illustration is not to scale
Slide 26: Extend human potential in Work & Play
MISSION Extend human potential in Work & Play WHERE TO PLAY WHO WE ARE HOW TO WIN Design-led, One trusted, iconic brand Superior products software-enabled & innovation hardware for Work & Play Around the world B2C B2B Win Double-down
Slide 27: Edge AI
Edge AI INTRODUCTION & STRATEGY Edge AI A host of immersive innovation Zone Wireless 2 headset, Sight camera, opportunities at the edge Spot sensor
Slide 28: Agentic AI
Agentic AI INTRODUCTION & STRATEGY 28 Agentic AI A world of agents depends on Streamlabs-NVIDIA collaboration to deliver Logitech’s multimodal inputs Logitech’s AI Streaming Assistant
Slide 29: Multimodality
Multimodality INTRODUCTION & STRATEGY 29 Multimodal generative AI Logitech products enable multimodality: Logi AI Portal in China: text, images, audio and video fast access to Baidu’s Ernie Bot
Slide 30: Superior products win
Superior products win INTRODUCTION & STRATEGY 30
Slide 31: Extend human potential in Work & Play
MISSION Extend human potential in Work & Play LONG TERMS GOALS: Accelerate growth and profitability WHERE TO PLAY WHO WE ARE HOW TO WIN Design-led, One trusted, iconic brand Superior products software-enabled & innovation hardware for Work & Play Operations powerhouse Around the world B2C B2B Win Do
Slide 32: The case for Logitech
INTRODUCTION & STRATEGY 32 The case for Logitech Growing, highly profitable $4.3B1 company Credible plan to achieve incremental with a $24B market opportunity growth in new verticals and adjacencies Not naive to macro uncertainty—but Innovating at scale, with have thrived in that environment, AI tai
Slide 33: Product superiority & Innovation
1 LOGITECH ANALYST & INVESTOR DAY 2025 Product superiority & Innovation Jay Wilder Malin Leschly Head of Digital Office Chief Design Officer
Slide 34: Advanced R&D mapped to user insights, amplified by partnerships
INNOVATION 2 advanced R&D and technologies mapped to user & chooser insights amplified by strong partnerships
Slide 35: Users' desire to interface with the digital world
INNOVATION 3 users’ desire to interface with the digital world
Slide 36: The mighty LogiMouse from Logitech
INNOVATION 4 “...the mighty LogiMouse from Logitech is a powerful addition to your PC.” Faster Than A Speeding Cursor Key, Jared Taylor, PC Magazine, February 7, 1984
Slide 37: For every hand
5 for every hand
Slide 38: Immersive play
6 immersive play
Slide 39: AI digital cocoon
AI digital cocoon
Slide 40: A new AI era of co-existing interfaces
INNOVATION 8 A new AI era of co-existing interfaces precision based interfaces point & click type & dictate capture & connect gesture & tune converse & curate sense & contextualize intent based interfaces
Slide 41: Our interface with the digital world is expanding
INNOVATION 9 our interface with the digital world is expanding
Slide 42: Technology changes quickly
INNOVATION 10 Technology Behaviors changes change quickly slowly
Slide 43: Design is a catalyst for innovation
INNOVATION 11 design is a catalyst for innovation
Slide 44: Target user segments
INNOVATION 12 SIM Gamers New Verticals Flexible Workers Students Console Gamers Health Enthusiasts Advanced Users PC Gamers VR/AR AV and IT Buyers On-the-Go Users Workplace Experiences
Slide 45: Advanced users
INNOVATION 13 advanced users
Slide 46: Student focus
INNOVATION 14 student focus
Slide 47: Gaming on more platforms
INNOVATION 15 gaming on more platforms
Slide 48: Colleagues in and beyond the meeting room
INNOVATION 16 colleagues in and beyond the meeting room
Slide 49: Distinct insights within and across target audiences
INNOVATION 17 SIM Gamers distinct insights New Verticals Flexible Workers within and across Students target audiences Console Gamers Health Enthusiasts Advanced Users PC Gamers and markets VR/AR AV and IT Buyers On-the-Go Users Workplace Experiences
Slide 50: Map R&D directly to user and chooser insights
INNOVATION 18 map R&D directly to user and chooser insights
Slide 51: R&D design+engineering
INNOVATION 19 R&D design+engineering
Slide 52: Top R&D labs
INNOVATION 20 Global footprint and scale Top R&D labs 100 in world’s top innovation hubs Silicon Valley, USA Suzhou, China Lausanne, Switzerland Hsinchu, Taiwan Cork, Ireland Chennai, India for US design patents Harrity Analytics 2024 Design Patent 100 List Market impact #1 55 industry firsts: wirel
Slide 53: Ergonomic science
INNOVATION 21 ergonomic science
Slide 54: Sophisticated craft
INNOVATION 22 sophisticated craft
Slide 55: Machine learning
INNOVATION 23 machine learning
Slide 56: Technical user testing, human user testing
INNOVATION 24 technical human user testing user testing
Slide 57: Test our products
test our products
Slide 58: Superior technical performance
superior technical performance
Slide 59: Extend human potential
extend human potential
Slide 60: Performance, productivity, creativity, collaboration
performance productivity creativity collaboration
Slide 61: A trusted partner
● map with dot on Switzerland ● other office locations shows up (dots on the map no names) Headquarters in Lausanne, Switzerland a trusted partner
Slide 62: Partnerships and deep integrations
INNOVATION 30 Partnerships and deep integrations
Slide 63: Advanced R&D mapped to user insights, amplified by partnerships
INNOVATION 31 advanced R&D and technologies mapped to user & chooser insights amplified by strong partnerships
Slide 64: Logitech Innovation
logitech INNOVATION 32
Slide 65: 1. Edge AI
INNOVATION 33 1. edge AI
Slide 66: Any position in collaboration spaces
INNOVATION 34 any position in collaboration spaces
Slide 67: 2. AI agents
INNOVATION 35 2. AI agents
Slide 68: Human-centric AI interactions
human-centric AI interactions
Slide 69: Voice, video & precision input essential to AI interactions
INNOVATION 37 voice, video & precision input - essential to AI interactions
Slide 70: 3. AI & multimodality
INNOVATION 38 3. AI & multimodality
Slide 71: AI, part of our DNA
AI, part of our DNA
Slide 72: Personal Workspace Solutions
LOGITECH ANALYST & INVESTOR DAY 2025 Personal Workspace Solutions Delphine Donné GM Personal Workspace Solutions
Slide 73: FY24 PWS Net Sales $2.1B
PERSONAL WORKSPACE SOLUTIONS 2 NEW FY24 PWS Net Sales $2.1B NEW NEW 44% Business to Business1 56% Business to Consumer1 1 NEW Based on internal, proprietary sell-through data as defined on slide 7
Slide 74: We're the undisputed leader in a growing market
PERSONAL WORKSPACE SOLUTIONS 3 We’re the undisputed leader in a growing market +6% +9% +1 pt Market Growth Net Sales Growth Avg share p.y. CAGR FY18-FY241 CAGR FY18-FY24 FY18-FY242 1 Historical market growth is calculated using proprietary commissioned third party data from Circana and Logitech inte
Slide 75: We transformed our categories, and the market
PERSONAL WORKSPACE SOLUTIONS 4 We transformed our categories, and the market 2018 Today
Slide 76: Logitech average selling price growth
PERSONAL WORKSPACE SOLUTIONS 5 +46% Logitech Average Selling Price Growth, top 3 categories aggregated, P4Y1 1 Based on annualized ASP estimates provided by proprietary commissioned data from Circana. Aggregated across Mice, Keyboards, and Combos, for period Nov 2020 to Nov 2024
Slide 77: Market Trends
PERSONAL WORKSPACE SOLUTIONS 6 01 Market Trends
Slide 78: 1 billion+ knowledge workers
PERSONAL WORKSPACE SOLUTIONS 7 More people Health Enthusiasts Advanced Users On-The-Go Users 1 billion+ knowledge workers1 seeking productivity, comfort, creativity and seamless collaboration 1 The Knowledge Work Demand Index (July, 2028)
Slide 79: More people, in more spaces
1 Estimate based on proprietary, internal Logitech Segmentation Study 2024 PERSONAL WORKSPACE SOLUTIONS 8 More people, in more spaces 3 in 4 people work in at least two locations
Slide 80: More people, in more spaces, on more devices
PERSONAL WORKSPACE SOLUTIONS 9 More people, in more spaces, on more devices Uniquely diverse, sustainable, and OS-agnostic
Slide 81: We enhance digitally connected life from 6-99 years old
PERSONAL WORKSPACE SOLUTIONS 10 We enhance people’s digitally connected life from 6-99 years old Early High College & Career Family & Work Hobbies & Education School First Job Development Balance New Pursuits 10
Slide 82: Logitech is at the heart of the AI future
PERSONAL WORKSPACE SOLUTIONS 11 Logitech is at the heart of the AI future AI Tools Logi Options + Voice AI Interface People
Slide 83: Market Size
PERSONAL WORKSPACE SOLUTIONS 12 02 Market Size
Slide 84: Our markets are growing with us
PERSONAL WORKSPACE SOLUTIONS 13 Our markets are growing with us Keyboards & Combos Pointing Devices iPad Keyboards Webcams $2.1B SAM USD $1.8B SAM USD $1.4B SAM USD $0.4B SAM USD 8% CAGR FY18-FY24 3% CAGR FY18-FY24 4% CAGR FY18-FY24 17% CAGR FY18-FY24 1 Historical SAM growth is calculated using prop
Slide 85: Great opportunities to expand our categories
PERSONAL WORKSPACE SOLUTIONS 14 Great opportunities to expand our categories B2C & B2B Further growth Video & Audio B2B Verticals Adjacencies Android Accessories SAM $5.7B
Slide 86: Strategic Priorities
15 03 Strategic Priorities
Slide 87: Strategic priorities to fuel our long-term growth
PERSONAL WORKSPACE SOLUTIONS 16 Strategic priorities to fuel our long-term growth B2C & B2B 1 2 3 Audience Superior products & Go-to-market focus innovation excellence B2B B2C
Slide 88: Audience Focus
PERSONAL WORKSPACE SOLUTIONS 17 Audience Focus Example MX
Slide 89: Superior Innovation
PERSONAL WORKSPACE SOLUTIONS 18 Superior Innovation Example MX 24% New users to Logi 2 in 3 Cross-sell Partner integration Logi Options+ Device Connections since launch October 2024 (Oct 2024-Feb 2024)
Slide 90: Go-to-Market Excellence
PERSONAL WORKSPACE SOLUTIONS 19 Go-to-Market Excellence Example MX
Slide 91: We will continue our growth
PERSONAL WORKSPACE SOLUTIONS 20 We will continue our growth More More More people spaces devices More AI superpower & multi modal inputs
Slide 92: Logitech for Business
1 LOGITECH ANALYST & INVESTOR DAY 2025 Logitech for Business Prakash Arunkundrum President, Logitech for Business
Slide 93: New End-to-End Logitech for Business organization
LOGITECH FOR BUSINESS 2 Video Collaboration New End-to-End “Logitech for Business” organization serving business customers in 100+ countries ~40% of Logitech’s net sales Flexible Workspace Docks Services & Software Headsets Mice, Keyboards & Webcams
Slide 94: Where we have come from
LOGITECH FOR BUSINESS 3 Where we have come from… More than double from pre-COVID Logitech for Business Sell-Through 16% CAGR | FY19-FY25 Sell-Through Video Collaboration FY19 FY20 FY21 FY22 FY23 FY24 FY25E Mice, keyboards, webcams Headsets Other
Slide 95: Logitech for Business market impact
LOGITECH FOR BUSINESS 4 Logitech for Business market impact 71% 1 in 3 #1 of the Global 500 meeting room and desk in video conferencing and Index use Logitech 1 solutions use Logitech 2 personal workspace 2 Technology partnerships with industry leaders 1 Proprietary Logitech POS Data, using D&B F500
Slide 96: Trends
5 Trends
Slide 97: When, where and how we work
LOGITECH FOR BUSINESS 6 When, where and AI how we work are all being redefined
Slide 98: Our customers are at the center of this change
LOGITECH FOR BUSINESS 7 Our customers are at the center of this change Aligning work Addressing AI enabled Space Supporting work Sustainable requirements employee needs workflows utilization anywhere workplaces
Slide 99: Hydro Tasmania
LOGITECH FOR BUSINESS 8 Hydro Tasmania Australia’s Leading Renewable Energy Business Streamlines Remote Collaboration With Logitech Hydro Tasmania is Australia's leading clean energy business and largest generator of renewable energy. With over 30 power stations across Tasmania and consulting servic
Slide 100: Market opportunity: Grow Core/Enterprise; Expand in verticals
LOGITECH FOR BUSINESS 9 Market opportunity Grow Core/Enterprise; Expand in verticals CORE/ENTERPRISE $9.8B market* EDUCATION HEALTHCARE Net sales increase PUBLIC SECTOR Logitech for Business + net sales today + + Note: illustration is not to scale
Slide 101: Large, growing Core/Enterprise market (SAM)
LOGITECH FOR BUSINESS 10 Large, growing Core/Enterprise market (SAM) Video Collaboration Personal Workspaces (Enterprise/SMB Channel only) $9.8B $3.4B $2.7B FY20-24 FY20-24 Market CAGR 6% Market CAGR 6% Logi CAGR 23% Logi CAGR 15% Workplace Management Solutions Enterprise Headsets All-in-one Display
Slide 102: 28M meeting rooms opportunity
LOGITECH FOR BUSINESS 11 28M1 meeting rooms opportunity, <25%2 penetrated with video Growth Vectors Open Penetration to more spaces Huddle space Brainstorm AI driven tech refresh New Ways of Working Small Medium Large Market share growth Services & accessories attach 1 Number of meeting rooms is cal
Slide 103: Personal workspace opportunity
LOGITECH FOR BUSINESS 12 Personal workspace opportunity Growth Vectors Executive Core Employees seeking productivity, comfort, creativity and seamless collaboration AI-led workflows PC refresh Advanced Ergo OS convergence Logitech estimate: 1 meeting room ~ 20 desks
Slide 104: Expansion in Core/Enterprise market with product adjacencies
LOGITECH FOR BUSINESS 13 Expansion in Core/Enterprise market with product adjacencies Enterprise Headsets Workspace Management Opportunity to grow market share further Workplace Management capabilities such as space reservation, leveraging market wireless transformation occupancy, analytics, environ
Slide 105: Market opportunity: Grow Core/Enterprise; Expand in verticals
LOGITECH FOR BUSINESS 14 Market opportunity Grow Core/Enterprise; Expand in verticals CORE/ENTERPRISE $9.8B market* EDUCATION HEALTHCARE Net sales increase PUBLIC SECTOR Logitech for Business + net sales today + + Note: illustration is not to scale
Slide 106: Verticals adjacencies opportunity: Education
LOGITECH FOR BUSINESS 15 Verticals adjacencies opportunity: Education Education Solutions for all learning spaces SAM $2.4B CAGR 5 year estimate1 13% Tailwinds • Digital adoption + hyflex (HiEd) • New learning models (K-12 + HiEd) • Video-enabled spaces (HiEd) Double digit growth since FY19, across
Slide 107: Verticals adjacencies opportunity: Healthcare
LOGITECH FOR BUSINESS 16 Verticals adjacencies opportunity: Healthcare SAM $1.8B CAGR 5 year estimate1 15% Telehealth video solutions Audio content capture Tailwinds • Telehealth solution needs • AI for digitization & efficiency Input devices Early marquee customer wins already 1 5 year CAGR estimat
Slide 108: Verticals adjacencies market size ~ $5B
LOGITECH FOR BUSINESS 17 Verticals adjacencies market size ~ $5B Education Healthcare Public Sector SAM $2.4B $1.8B $800M CAGR 5 year estimate 13%1 15%2 8%3 • Digital adoption + hyflex (HiEd) • Telehealth solution needs • Huge push for digitization Tailwinds • AI for digitization & efficiency • Tech
Slide 109: Simpler. Smarter. More Sustainable.
LOGITECH FOR BUSINESS 18 Our winning approach Simpler. Smarter. More Sustainable. Delivered with Global Scale.
Slide 110: Simpler
LOGITECH FOR BUSINESS 19 Simpler Simple Portfolio Simple To Set Up Simple To Manage Simple To Use Quickly install and Easily configure, manage, Book rooms/desks adaptable for a variety of and provision spaces and Meet, collaborate and workspaces devices through Logitech create anywhere Sync & Servic
Slide 111: Smarter
LOGITECH FOR BUSINESS 20 Smarter Smart Switching RightSight RightSound Multiple cameras with AI-powered smart switching Delivered in collaboration with strong technology partners
Slide 112: Smarter: Edge AI innovations
LOGITECH FOR BUSINESS 21 Smarter: Edge AI innovations AI to improve productivity AI to enhance engagement Digital cocoon Meeting summaries and Automatic name tagging of Background blurring and noise transcriptions to automatically meeting participants to reduction in open spaces capture meeting note
Slide 113: More sustainable
LOGITECH FOR BUSINESS 22 More sustainable Design for Sustainability Extend Life, Reduce Waste Recycled plastics 3 out of 4 products Energy efficiency Collect & Recycle Low carbon Low impact Recycled aluminum packaging fabric Carbon labels Clean manufacturing
Slide 114: Enabling work everywhere across all workplaces
LOGITECH FOR BUSINESS 23 Enabling work everywhere across all workplaces
Slide 115: Reinventing Workplace Experience: $14.8B SAM
LOGITECH FOR BUSINESS 24 Reinventing Workplace Experience through simpler, smarter, more sustainable solutions Core meeting room & desk growth $14.8B SAM Adjacencies & verticals Underpinned by market tailwinds in AI, tech refresh, and flex work
Slide 116: Gaming
1 LOGITECH ANALYST & INVESTOR DAY 2025 Gaming Ujesh Desai GM Logitech G
Slide 117: $1.2B Net Sales
LOGITECH G 2 $1.2B Net Sales* *FY24 Net Sales
Slide 118: Market Trends
LOGITECH G 3 01 Market Trends
Slide 119: Gaming is more than just gameplay
LOGITECH G 4 Gaming is more than just gameplay ~80% of kids <18 are gamers and spend 30% of their time gaming ~1 in 7 gamers have created content in a video game Image courtesy of Roblox Stats courtesy of Bain & Company Global Gaming Report 2024
Slide 120: Gaming gear is an extension of people's lifestyle
LOGITECH G 5 Gaming gear is an extension of people’s lifestyle More than just entertainment, gaming serves as a nexus for friendship and social development Gamers love to show off their unique taste and personal spaces. Gaming gear is an extension of people’s personalities and lifestyle—similar to s
Slide 121: Serving gamers across a variety of segments
LOGITECH G 6 Serving gamers across a variety of segments PC Gamers Sim Racers Console Gamers Data courtesy of Newzoo Games Market Report - Feb 2025 update
Slide 122: Market Size
LOGITECH G 7 02 Market Size
Slide 123: PC Gaming SAM $4.6B
LOGITECH G 8 PC Gaming SAM $4.6B 13% CAGR [FY18-FY241] 1 Historical SAM growth is calculated using proprietary commissioned third party data from Circana and Logitech internal estimates
Slide 124: Sim Racing SAM $0.5B
LOGITECH G 9 Sim Racing SAM $0.5B 15% CAGR [FY18-FY241] 1 Historical SAM growth is calculated using proprietary commissioned third party data from Circana and Logitech internal estimates
Slide 125: Console Gaming SAM $1.4B
LOGITECH G 10 Console Gaming SAM $1.4B 10% CAGR [FY18-FY241] 1 Historical SAM growth is calculated using proprietary commissioned third party data from Circana and Logitech internal estimates
Slide 126: Total SAM $6.5B
LOGITECH G 11 Sim Racing $0.51B Total SAM $6.5B Market Opportunity Console Gaming $1.4B PC Gaming $4.6B
Slide 127: Strategic Priorities
LOGITECH G 12 03 Strategic Priorities
Slide 128: Logitech G Strategic Priorities
LOGITECH G 13 Logitech G - Strategic Priorities 1 Design by Collaboration 2 Superior Innovation 3 Software-Enabled Hardware
Slide 129: Design by Collaboration
LOGITECH G 14 Design by Collaboration Deep partnerships with the world’s top esports athletes and motorsports professionals
Slide 130: Superior Innovation
LOGITECH G 15 Superior Innovation TRUEFORCE, HERO 2 integrated in over a dozen games, LIGHTFORCE connects to in- game physics and audio, providing LIGHTSPEED detailed feedback so drivers can feel engine rumble and PRO-G road textures.
Slide 131: Software-Enabled Hardware
LOGITECH G 16 Software-Enabled Hardware GHUB transforms all your devices into a custom command center, with features like KEYCONTROL, LIGHTSYNC, and BLUEVOICE allowing gamers Logitech G Streamlabs to play, look, and sound their way. AI streaming agent
Slide 132: Gaming: More Than Play – Collaboration, Creativity, Connection
LOGITECH G 17 Gaming: More Than Play – It's Collaboration, Creativity, Connection $6.5B Market Opportunity
Slide 133: Operations
1 LOGITECH ANALYST & INVESTOR DAY 2025 Operations Sree Chenincherry Global Operations
Slide 134: We are an operations powerhouse
OPERATIONS 2 We are an operations powerhouse MULTIPLE CUSTOMER SCALE WITH QUALITY GLOBAL REACH BROAD PORTFOLIO SEGMENTS 160M units shipped Customers in 40+ product Enterprise (5 units/sec) 150+ countries launches per year and Consumer Global Suppliers | Diversified Manufacturing | Distribution Netwo
Slide 135: We excel operationally in three ways
OPERATIONS 3 We excel operationally in three ways Service excellence— Sustained cost Inventory discipline resilience and reach advantage
Slide 136: Service excellence
OPERATIONS 4 We excel operationally in three ways Service excellence— resilience and reach
Slide 137: Resilience for the new normal
OPERATIONS 5 Resilience for the “new normal" 2018 TODAY FUTURE Established Added New geographies production lines in: production lines in: based on supplier ecosystem, manufacturing China Vietnam capabilities, and cost Taiwan Thailand Malaysia Mexico Diversifying our manufacturing today and into the
Slide 138: Global reach for consistent customer experience
OPERATIONS 6 Global reach for consistent customer experience Supply chain network Multiple channel Product availability Customer success Service excellence Sustained cost advantage Inventory discipline
Slide 139: Sustained cost advantage
OPERATIONS 7 We excel operationally in three ways Sustained cost advantage
Slide 140: Cost-optimized operations
OPERATIONS 8 Cost-optimized operations Gross Margins Operations Levers FY18-24 CAGR: +12% that optimize cost Value engineering 41.8% Sourcing excellence 35.9% Supplier efficiency Automation FY18 FY24 Service excellence Sustained cost advantage Inventory discipline
Slide 141: Value engineering: a key cost optimization lever
OPERATIONS 9 Value engineering: a key cost optimization lever Before After Before After Before After All around improvements 20% Cost reduction | 1KT Carbon savings Improved customer experience and quality Service excellence Sustained cost advantage Inventory discipline
Slide 142: Inventory discipline
OPERATIONS 10 We excel operationally in three ways Inventory discipline
Slide 143: Inventory discipline
OPERATIONS 11 Inventory Maintaining discipline 6.7 6.4 5.8 5.5 5.2 Inventory Turns ○ Optimized inventory to healthy 3.8 range of 5+ turns from 3.5 3.5 ○ Improved planning capabilities ○ Demand shaping ○ New channels for aged and refurbished FY18 to FY24 Service excellence Sustained cost advantage In
Slide 144: Operations powerhouse to support profitable growth
OPERATIONS 12 Operations powerhouse to support profitable growth Service excellence— Sustained cost Inventory resilience and reach advantage discipline Continuous improvement Digitization | Tailored Solutions | Scale
Slide 145: Finance
1 LOGITECH ANALYST & INVESTOR DAY 2025 Finance Matteo Anversa CFO
Slide 146: Strategic Priorities
FINANCE 2 01 Strategic Priorities
Slide 147: Extend human potential in Work & Play
MISSION Extend human potential in Work & Play LONG TERMS GOALS: Accelerate growth and profitability WHERE WE PLAY WHO WE ARE HOW WE WIN Design-led, One trusted, iconic brand Superior products software-enabled & innovation hardware for Work & Play Operations powerhouse Around the world B2C B2B Win Do
Slide 148: Long-term financial model
FINANCE 4 02 Long-term financial model
Slide 149: Our long-term model delivers profitable growth
FINANCE 5 Our long-term model delivers profitable growth Previous model Updated model NET SALES GROWTH USD MSD1 7-10% organic organic + M&A Non-GAAP GROSS MARGIN 39-44% 40%+ Non-GAAP OPERATING MARGIN 14-17% 15-18% 1 MSD refers to “mid-single-digit”
Slide 150: Share gains & market driving historical performance
FINANCE 6 Share gains & market driving historical performance Net Sales FY18-FY24 CAGR: +9% USD Net sales growth rate of ~9% Strong market and share gains $4.3B $2.6B FY18 FY24 MSD/HSD share gains through COVID1 Non-GAAP Operating Margin FY18-FY24 CAGR: +16% 16.3% 510 bps operating margin expansion
Slide 151: Targeting industry-leading results in the long term
FINANCE 7 Targeting industry-leading results in the long term 5-6% + 1-2% + 1-2% Verticals & Market Growth Market Share Gains M&A Adjacencies PWS Superior products +3-4% & innovation Accelerate core L4B Go-to-market Gaming excellence across +4-6% geographies Work & Play Vertical Video High ROI brand
Slide 152: Targeting industry-leading results in the long term
FINANCE 8 Targeting industry-leading results in the long term 5-6% + 1-2% + 1-2% Verticals & Market Growth Market Share Gains M&A Adjacencies PWS Superior products +3-4% & innovation Accelerate core L4B Go-to-market Gaming excellence across +4-6% geographies Work & Play Vertical Video High ROI brand
Slide 153: Superior products & services strategic priorities
FINANCE 9 With our Superior superior& products innovation & services strategic priorities designed to deliver continued share gains Superior products Build an iconic Leverage geographic & innovation brand opportunities
Slide 154: Targeting industry-leading results in the long term
FINANCE 10 Targeting industry-leading results in the long term 5-6% + 1-2% + 1-2% Verticals & Market Growth Market Share Gains M&A Adjacencies PWS Superior products +3-4% & innovation Accelerate core L4B Go-to-market Gaming excellence across +4-6% geographies Work & Play Vertical Video High ROI bran
Slide 155: Doubling down on B2B: $5 billion opportunity in new verticals
FINANCE 11 Doubling down on B2B: $5 billion market opportunity by entering new verticals CORE/ENTERPRISE $9.8B market EDUCATION HEALTHCARE Net sales increase PUBLIC SECTOR Logitech for Business + net sales today + + Note: illustration is not to scale
Slide 156: Targeting industry-leading results in the long term
FINANCE 12 Targeting industry-leading results in the long term 5-6% + 1-2% + 1-2% Verticals & Market Growth Market Share Gains M&A Adjacencies PWS Superior products +3-4% & innovation Accelerate core L4B Go-to-market Gaming excellence across +4-6% geographies Work & Play Vertical Video High ROI bran
Slide 157: Approach to M&A reinforces corporate strategy
FINANCE 13 Approach to M&A reinforces corporate strategy We are confident in our organic growth trajectory and are not currently pursuing large, transformational acquisitions Potential near term M&A targets will focus on M&A GUIDING tuck-in or bolt-on PRINCIPLES Acquired assets should accelerate gro
Slide 158: Our long-term model delivers profitable growth
FINANCE 14 Our long-term model delivers profitable growth Previous model Updated model NET SALES GROWTH USD MSD1 7-10% organic organic + M&A Non-GAAP GROSS MARGIN 39-44% 40%+ Non-GAAP OPERATING MARGIN 14-17% 15-18% 1 MSD refers to “mid-single-digit”
Slide 159: Closing out FY25
FINANCE 15 03 Closing out FY25
Slide 160: Confirming FY25 outlook
FINANCE 16 Confirming FY25 outlook FY25 Net Sales $’s $4.54B - $4.57B Net Sales Growth CC 6.2% - 7.1% Net Sales Growth USD 5.4% - 6.4% Non-GAAP Operating Income $755M - $770M FY25 ASSUMPTIONS Non-GAAP effective tax rate Approximately 12% Cash from operations Approximately 1x non-GAAP OP Capex Approx
Slide 161: FY26 Outlook
FINANCE 17 04 FY26 Outlook
Slide 162: FY26 Outlook
FINANCE 18 FY26 Outlook Continue to execute against Market conditions likely to strategic priorities be challenged AI-enabled Continued Global superior inflation; go-to-market Tariffs products & consumer excellence innovation uncertainty Operational Double down on Strengthening Macro powerhouse B2B
Slide 163: FY26 Outlook
FINANCE 19 FY26 Outlook FY26 Net Sales $’s $4.53B - $4.71B Net Sales Growth CC 1% - 5% Net Sales Growth USD (1%) - 3% Non-GAAP Operating Income $720M - $780M FY26 ASSUMPTIONS Non-GAAP effective tax rate Approximately 13% Cash from operations Approximately 1x non-GAAP OP CapEx Approximately $90M Note
Slide 164: Our long-term model delivers profitable growth
FINANCE 20 Our long-term model delivers profitable growth Previous model Updated model NET SALES GROWTH USD MSD1 7-10% organic organic + M&A Non-GAAP GROSS MARGIN 39-44% 40%+ Non-GAAP OPERATING MARGIN 14-17% 15-18% 1 MSD refers to “mid-single-digit”
Slide 165: Capital Allocation
FINANCE 21 05 Capital Allocation
Slide 166: Strong operating cash flow over the last three years
FINANCE 22 Strong operating cash flow over the last three years $1,145M 99 Disciplined reduction $713M in working capital $534M 56 Operating cash flow is normalizing 38 91% of 164% of 111% of Strong cash generation ahead of OpInc OpInc OpInc operating income FY25 FY23 FY24 YTD Cash balance remains C
Slide 167: Investor-friendly capital allocation
FINANCE 23 Investor-friendly capital allocation FY23-Q325 Capital Allocation Capital Allocation Priorities M&A <1% 1 Organic Growth: R&D and Capex Organic Growth Share Repurchase 33% 48% 2 Dividend Growth 3 Synergistic M&A Dividend 19% 4 Share Repurchase Our strategy is focused on re-investing in th
Slide 168: Targeting share repurchase acceleration
FINANCE 24 Targeting share repurchase acceleration Repurchased Targeting ~$1B Accelerating share repurchase $2B of shares in 2 years in the next 3 years While maintaining capital allocation flexibility and an investment grade balance sheet Invest in organic growth Increase dividends Supports M&A str
Slide 169: Logitech has delivered profitable growth for investors
FINANCE 25 Logitech has delivered profitable growth for investors Consistent profitable Demonstrated Ready to expand into Strong cash growth aligned with a resilience and promising new verticals generation and well defined strategy, performance through and adjacencies to strategic approach to driven
Slide 170: The case for Logitech
FINANCE 26 The case for Logitech Growing, highly profitable $4.3B company Credible plan to achieve incremental with a $24B market opportunity growth in new verticals and adjacencies Not naive to macro uncertainty—but Innovating at scale, with have thrived in that environment, AI tailwinds bolstered
Slide 171: Thank you
Thank you Thank you Contents of the presentation are confidential and proprietary. Merci Gracias Unauthorized use or distribution of the information is strictly prohibited. Grazie Danke All rights reserved. © Logitech International S.A. ありがとう 감사합니다 谢谢 धन्यवाद