Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q4 FY21 Earnings Presentation
12 slides from Lumentum's earnings presentation, Aug 18, 2021
Slide 1: Q4 FY21 Conference Call
Q4 FY21 Conference Call August 18, 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: FY21 Key Points
FY21 Key Points Another year with record revenue, margins, and earnings per share ▪ Record revenue of $1.74 billion despite difficult macro environment – Product leadership drove record Telecom and Datacom and Industrial and Consumer revenues – Commercial lasers down 25% versus prior year due to the
Slide 4: Financial Trends FY15 to FY21 (GAAP)
Financial Trends FY15 to FY21 (GAAP) Net Revenue (M) GAAP Gross Margin (% of revenue) $1,679 $1,743 $1,565 44.9% $1,248 38.7% $1,002 $837 $903 34.6% 30.8% 30.7% 31.8% 27.2% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21 GAAP Earnings Per Share GAAP Operating Margin (% of reven
Slide 5: Financial Trends FY15 to FY21 (Non-GAAP)
Financial Trends FY15 to FY21 (Non-GAAP) Net Revenue (M) Non-GAAP Gross Margin (% of revenue) 50.9% $1,679 $1,743 $1,565 46.5% $1,248 38.9% 39.5% $1,002 $903 34.7% $837 32.5% 33.0% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Non-GAAP Earnings Per Share Non-GAAP Operating Ma
Slide 6: Q4FY21 Key Points
Q4FY21 Key Points ▪ Strong market demand across major product lines – book to bill of 1.2 – Demand mix continuing to shift to products aligned with next generation customer solutions, many are just ramping – Demand strengthening into Q1FY22, but revenue constrained by supply shortages ▪ Telecom and
Slide 7: Q4 FY21 Results (GAAP)
Q4 FY21 Results (GAAP) $ in millions Q4 FY21 Q3 FY21 Q4 FY20 except for EPS, % of revenue Revenue $392.1 $419.5 $368.1 Gross Margin 162.8 41.5% 185.0 44.1% 135.7 36.9% Operating Expenses(1) 117.0 29.8% (81.9) (19.5%) 108.7 29.5% Operating Income 45.8 11.7% 266.9 63.6% 27.0 7.3% Diluted EPS $0.28 $2.
Slide 8: Q4 FY21 Results (Non-GAAP)
Q4 FY21 Results (Non-GAAP) $ in millions Q4 FY21 Q3 FY21 Q4 FY20 except for EPS, % of revenue Revenue $392.1 $419.5 $368.1 Gross Margin 187.2 47.7% 209.2 49.9% 173.9 47.2% Operating Expenses 90.6 23.1% 92.1 22.0% 82.5 22.4% Operating Income 96.6 24.6% 117.1 27.9% 91.4 24.8% Diluted EPS(1) New Method
Slide 9: Q4 FY21 Segment Results
Q4 FY21 Segment Results Q4 FY21 Q3 FY21 Q4 FY20 $ in millions Revenue $392.1 $419.5 $368.1 Optical Communications 355.2 387.9 330.3 Telecom & Datacom 256.4 255.8 256.4 Industrial & Consumer(1) 98.8 132.1 73.9 Commercial Lasers 36.9 31.6 37.8 Gross Margin (Non-GAAP) 47.7 % 49.9% 47.2% Optical Communi
Slide 10: Balance Sheet
Balance Sheet Selected Items Q4 FY21 Q3 FY21 $ in millions Cash and Short-term Investments $1,946.0(1) $2,054.6 Working Capital(2) 216.9 226.3 Property, Plant & Equipment, net 361.1 378.0 Total Assets 3,551.6 3,745.9 Total Liabilities 1,578.8 1,580.9 Shareholder’s Equity 1,972.8 2,165.0 (1) Repurcha
Slide 11: Q1 FY22 Guidance (Non-GAAP)
Q1 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 Q4 FY21 Q1 FY22 $ in millions Actual Guidance except for EPS, % of revenue Revenue $392.1 $430 - $445 Operating Margin 24.6% 30.5% – 32.5% Diluted EPS (New Method)
Slide 12: Lumentum
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