Lumentum Holdings Inc. · NASDAQ:LITE

Lumentum — Q4 FY2016 Earnings Presentation

11 slides from Lumentum's earnings presentation, Aug 9, 2016

  1. Slide 1: Q4 FY16 Conference Call August 9, 2016

    Q4 FY16 Conference Call August 9, 2016

  2. Slide 2: Forward Looking Statement and Financial Presentation

    © 2016 Lumentum Operations LLC Forward Looking Statement and Financial Presentation This document 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 g

  3. Slide 3: Q4 FY16 Results (GAAP)

    © 2016 Lumentum Operations LLC Q4 FY16 Results (GAAP) $ millions except for EPS, % of revenue Part of Viavi – carveout financials Lumentum 14 weeks Lumentum 13 weeks Q4 FY15 Q3 FY16 Q4 FY16 Revenue $208.9 $230.4 $241.7 Gross Margin 63.6 30.4% 62.8 27.3% 79.5 32.9% Operating Expenses 78.2 37.4% 65.1

  4. Slide 4: Q4 FY16 Results (Non-GAAP)

    © 2016 Lumentum Operations LLC Q4 FY16 Results (Non-GAAP) $ millions except for EPS, % of revenue Part of Viavi – carveout financials Lumentum 14 weeks Lumentum 13 weeks Q4 FY15 Q3 FY16 Q4 FY16 Revenue $208.9 $230.4 $241.7 Gross Margin 66.9 32.0% 74.2 32.2% 82.4 34.1% Operating Expenses 57.8 27.7% 5

  5. Slide 5: Highlights

    © 2016 Lumentum Operations LLC Q4 FY16 Highlights  Revenue was $241.7M up approximately 5% sequentially and 16% year-over-year – Telecom up 4% Q/Q and 15% Y/Y – Datacom up 3% Q/Q and 13% Y/Y – Laser up 22% Q/Q and 35% Y/Y – Industrial & Consumer down 22% Q/Q and 19% Y/Y  Datacom achieved record re

  6. Slide 6: Segment Results (Non-GAAP)

    © 2016 Lumentum Operations LLC Q4 FY16 Segment Results (Non-GAAP) $ millions, % of revenue Lumentum 14 weeks Lumentum 13 weeks Q4 FY15 Q3 FY16 Q4 FY16 Revenue $208.9 $230.4 $241.7 Optical Communications 178.9 197.2 201.2 Telecom 125.9 140.0 145.1 Datacom 41.7 45.5 47.0 Industrial & Consumer1 11.3 11

  7. Slide 7: FY16 Annual Results (GAAP)

    © 2016 Lumentum Operations LLC FY16 Annual Results (GAAP) $ millions except for EPS, % of revenue Part of Viavi – full year Part of Viavi for 5-weeks FY15 FY16 Revenue $837.1 $903.0 Gross Margin 257.9 30.8% 277.3 30.7% Operating Expenses 281.3 33.6% 265.8 29.4% Operating income (23.4) (2.8)% 11.5 1.

  8. Slide 8: FY16 Annual Results (Non-GAAP)

    © 2016 Lumentum Operations LLC FY16 Annual Results (Non-GAAP) $ millions except for EPS, % of revenue Part of Viavi – full year Part of Viavi for 5-weeks FY15 FY16 Revenue $837.1 $903.0 Gross Margin 272.2 32.5% 297.7 33.0% Operating Expenses 227.2 27.1% 214.6 23.8% Operating income 45.0 5.4% 83.1 9.

  9. Slide 9: Balance Sheet

    © 2016 Lumentum Operations LLC Balance Sheet 9 Selected Items - $ millions Q3 FY16 Q4 FY16 Cash and Cash Equivalents $157.2 $157.1 Working Capital(1) 157.1 158.7 Property, Plant & Equipment, net 168.1 183.4 Total Assets 704.9 726.3 Total Liabilities 192.4 193.1 Shareholder’s Equity(2) 512.5 533.2 (1

  10. Slide 10: Q1 FY17 Guidance (Non-GAAP)

    © 2016 Lumentum Operations LLC Q1 FY17 Guidance (Non-GAAP) 10 $ millions except for EPS, % of revenue Q4 FY16 Actual Q1 FY17 Estimate Revenue $241.7M $245M - $255M Operating Margin 11.6% 11.0 – 12.5% EPS (diluted) $0.41 $0.40 – $0.46 Guidance provided is based on our expectations as of today and wil

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