Slide 1: Company Overview
Company Overview August 21, 2023
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical
Slide 3: Company Overview
Company Overview Global leader in advanced precision optical/ electronic/mechanical manufacturing services VitroCom Fabrinet Israel Focus on high-mix/low-volume mission- Mountain Lakes, NJ Yokneam, Israel Fabrinet West Casix critical components and modules Santa Clara, CA Fabrinet Asia Fuzhou, China
Slide 4: Products We Manufacture
Products We Manufacture Optical Industrial Lasers Automotive Optical Sensing Communications ◼ Transceivers ◼ Fiber Lasers ◼ LIDAR ◼ LIDAR ◼ Modulators ◼ Solid-State Lasers ◼ EV Charging ◼ 3D Sensing ◼ Optical Amplifiers ◼ Gas Lasers ◼ LED & Laser ◼ AR/VR Systems ◼ ROADM ◼ Ultrafast Lasers Lighting ◼
Slide 5: Efficient Global Manufacturing Footprint
Efficient Global Manufacturing Footprint Scalable Optical & Electro-Mechanical Assembly Customized Optics Quick-turn NPI Services Fuzhou, China Santa Clara, USA Bangkok, Thailand Casix Fabrinet West Pinehurst campus New Jersey, USA Yokneam, Israel Chonburi, Thailand VitroCom Fabrinet Israel Chonburi
Slide 6: Investment Highlights
Investment Highlights ✓ Large & Growing Addressable Markets ✓ Differentiated Business Model with Significant Barriers to Entry Unique Expertise in Precision Manufacturing Technologies ✓ Geared To Next-Generation Products in Diverse Industries ✓ Strong Relationships With Industry Leading OEMs ✓ Demon
Slide 7: Strong Revenue Trends
Strong Revenue Trends Quarterly Consolidated Revenue US$MM 800 655.4 668.7 665.3 655.9 700 587.9 543.3 566.6 564.4 600 479.3 509.6 500 436.6 453.8 400 300 200 100 0 Sep'20 Sep'21 Sep'22* Dec'20 Dec'21 Dec'22 Mar'21 Mar'22 Mar'23 Jun '21 Jun '22 Jun '23 Optical communications Non-optical communicatio
Slide 8: Consistent Profitability Through the Cycles
Consistent Profitability Through the Cycles Non-GAAP gross margin and non-GAAP operating margin (1) % of Sales 15.0% 12.6% 13.0% 13.0% 12.8% 10.3% 10.8% 10.7% 10.5% 10.0% 5.0% 0.0% FY2022 FY2023 4Q22 4Q23 Gross margin Operating margin ROIC (2) (1) Excludes share based compensation, executive separat
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials US$MM, except per share figures 3 months ended 30-Jun-23 24-Jun-22 Revenue 655.9 587.9 ◼ Q4 revenue of $655.9 million Y-o-Y change 12% 15% was above the guidance range Gross profit (non-GAAP) (1) 83.9 76.3 ◼ Q4 non-GAAP operating margin was 10.5% Gross mar
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth Selected Items US$MM As of June 30, 2023 Cash, cash equivalents (1) 550.5 Working capital (2) 670.2 Property, plant & equipment, net 310.4 Total debt (3) 12.2 Total shareholders’ equity 1,468.7 (1) Cash & cash equivalents include marketable securities and restricted cas
Slide 11: Appendix
fabrinet . mm >) —< a TRUSTED MANUFACTURING PARTNER OF THE WORLD'S LEADING OEMS Appendix
Slide 12: Non-GAAP Reconciliation of Gross Margin and Operating Margin
Non-GAAP Reconciliation of Gross Margin and Operating Margin Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin (in thousands of U.S. dollars) Three Months Ended Twelve Months Ended June 30, 2023 March 31, 2023 June 24, 2022 June 30, 2023 Jun
Slide 13: Non-GAAP Reconciliation of Net Profit and EPS
Non-GAAP Reconciliation of Net Profit and EPS 13
Slide 14: Revenue Mix
Revenue Mix F4Q21 F1Q22 F2Q22 F3Q22 F4Q22 F1Q23 F2Q23 F3Q23 F4Q23 Optical Communications 76% 79% 80% 78% 79% 76% 76% 76% 77% Datacom 20% 21% 22% 19% 20% 19% 22% 24% 38% Telecom 80% 79% 78% 81% 80% 81% 78% 76% 62% Non-Optical Communications 24% 21% 20% 22% 21% 24% 24% 24% 23% Optical and non-optical