Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q3 FY2021 Earnings Presentation
10 slides from Lumentum's earnings presentation, May 12, 2021
Slide 1: Q3 FY21 Conference Call
Q3 FY21 Conference Call May 12, 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 and Section 21E of the Securities Exchange Act of 1934. These statements include any anticipation or guidance as to future finan
Slide 3: Recent Key Points
Recent Key Points Improvements in financial model and revenue mix position us well for the long-term ▪ Key new products driving revenue with many up by double-digit percentages Y/Y – $14.8 million of revenue was deferred due to delays in 5G deployments in China ▪ Strong margin performance for the ty
Slide 4: Business Trends and Expectations
Business Trends and Expectations Favorable multi-year trends driving our business ▪ Telecom and Datacom – Digital transformation driving long-term internet and cloud datacenter bandwidth growth – Market transitioning to 400G+ solutions and next generation ROADMs where we have differentiated products
Slide 5: Q3 FY21 Results (GAAP)
Q3 FY21 Results (GAAP) $ in millions Q3 FY21 Q2 FY21 Q3 FY20 except for EPS, % of revenue Revenue $419.5 $478.8 $402.8 Gross Margin 185.0 44.1% 229.6 48.0% 157.7 39.2% Operating Expenses(1) (81.9) (19.5%) 114.3 23.9% 115.2 28.6% Operating Income 266.9 63.6% 115.3 24.1% 42.5 10.6% Diluted EPS $2.85 $
Slide 6: Q3 FY21 Results (Non-GAAP)
Q3 FY21 Results (Non-GAAP) $ in millions Q3 FY21 Q2 FY21 Q3 FY20 except for EPS, % of revenue Revenue $419.5 $478.8 $402.8 Gross Margin 209.2 49.9% 255.9 53.4% 183.4 45.5% Operating Expenses 92.1 22.0% 86.0 18.0% 82.7 20.5% Operating Income 117.1 27.9% 169.9 35.5% 100.7 25.0% Diluted EPS $1.40 $1.99
Slide 7: Q3 FY21 Segment Results
Q3 FY21 Segment Results Q3 FY21 Q2 FY21 Q3 FY20 $ in millions Revenue $419.5 $478.8 $402.8 Optical Communications 387.9 449.1 359.3 Telecom & Datacom 255.8 286.2 251.0 Industrial & Consumer(1) 132.1 162.9 108.3 Commercial Lasers 31.6 29.7 43.5 Gross Margin (Non-GAAP) 49.9 % 53.4% 45.5% Optical Commu
Slide 8: Balance Sheet
Balance Sheet Selected Items Q3 FY21 Q2 FY21 $ in millions Cash and Short-term Investments $2,054.6 $1,700.3 Working Capital(1) 226.3 298.9 Property, Plant & Equipment, net 378.0 385.8 Total Assets 3,745.9 3,468.2 Total Liabilities 1,580.9 1,546.3 Shareholder’s Equity 2,165.0 1,921.9 (1) Working cap
Slide 9: Q4 FY21 Guidance (Non-GAAP)
Q4 FY21 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 FY21 Q4 FY21 $ in millions Actual Guidance except for EPS, % of revenue Revenue $419.5 $360 - $400 Operating Margin 27.9% 22.5% – 25.0% Diluted EPS $1.40 $0.92 -
Slide 10: Lumentum
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