Keysight Technologies Inc. · NYSE:KEYS
Keysight Technologies — Q1 2015 Earnings Presentation
13 slides from Keysight Technologies's earnings presentation, Feb 19, 2015
Slide 1: Keysight Technologies Q1 Fiscal Year 2015 Results
Keysight Technologies Q1 Fiscal Year 2015 Results February 19, 2015
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements (including, without limitation, information and future guidance on the company’s goals, priorities, revenues, demand, growth opportunities, customer service and innovation plans, new product introductions, financial condition, earning
Slide 3: Q1'15 Financial Highlights
Q1’15 Financial Highlights Orders 900 782 760 800 722 • Orders: $691M, $760M, +3% -1% y/y y/y (+1% (+3%core*) core*) 700 699 691 600 $ millions • Revenues: $762M, $701M,+8%y/y +4% y/y (+9% (+7% core*) core*) 500 400 300 • Operating Margin**: 17.1% 21.0% of revenue, 200 +200 -50 basis basispoints poi
Slide 4: Q1'15 Revenue Distribution
Q1’15 Revenue Distribution Q1’15 Revenue: $701M Q1'15 Revenue by Region Q1'15 Revenue by End Market Aerospace & Defense Industrial, Asia Americas 25% Comps & Pacific 38% Semi 43% 42% Comm- unications Europe 33% 19% Page 4
Slide 5: Q1'15 Revenue Distribution by Geography
Q1’15 Revenue Distribution by Geography Americas 350 304 282 Q1’15 Y/Y Revenue Growth 300 264 250 228 237 • Americas +16% (+16% core*) $ millions 200 • Europe -5% (-1% core*) 150 • Japan -15% (-5% core*) 100 • Asia Pacific ex-Japan +6% (+7% core*) 50 0 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Asia Pacific Euro
Slide 6: Keysight End Market Performance – Q1'15
Keysight End Market Performance – Q1’15 Growth in Aerospace Defense and Communications Keysight Results % of Keysight Market Size** End Markets Q1’15 vs. Q1’14 LTM Revenue* $12B 8% growth driven by both R&D and manufacturing with continued strength in Communications 34% $4B infrastructure and the co
Slide 7: Q2'15 Guidance
Q2’15 Guidance Q2’15 Revenue $720M - $760M Revenue Growth -3.2% to +2.3% Earnings per share* $0.56 to $0.70 * Presented on a non-GAAP basis Page 7
Slide 8: Quarterly Financial Results (adjusted for stock-based compensation)
Quarterly Financial Results* (adjusted for stock-based compensation) $M (except per share amounts) Q1’14 Q2’14 Q3’14 Q4’14 Q1'15 Revenue 671 743 757 762 701 Cost of Goods Sold 294 323 337 335 311 Gross Margin 377 420 420 427 390 GM% 56.1% 56.6% 55.5% 56.0% 55.6% R&D 87 88 89 88 91 SG&A 172 175 173 1
Slide 9: GAAP to Non-GAAP Operating profit reconciliation - Q1'14
GAAP to NON GAAP Operating profit reconciliation - Q1’14 KEYSIGHT TECHNOLOGIES, INC. RECONCILIATION FROM GAAP TO NON-GAAP NET INCOME THREE MONTHS ENDED JANUARY 31, 2014 (Unaudited) NON-GAAP ADJUSTMENTS Restructuring Acquisition & Project Sapp and Other Intangible Transformational Integration Pre-Sep
Slide 10: GAAP to Non-GAAP Operating profit reconciliation - Q2'14
GAAP to NON GAAP Operating profit reconciliation - Q2’14 KEYSIGHT TECHNOLOGIES, INC. RECONCILIATION FROM GAAP TO NON-GAAP NET INCOME THREE MONTHS ENDED APRIL 30, 2014 (Unaudited) NON-GAAP ADJUSTMENTS Project Sapp Intangible Pre-Separation Share Based Others Adjustment (In millions, except per share
Slide 11: GAAP to Non-GAAP Operating profit reconciliation - Q3'14
GAAP to NON GAAP Operating profit reconciliation - Q3’14 KEYSIGHT TECHNOLOGIES, INC. RECONCILIATION FROM GAAP TO NON-GAAP NET INCOME THREE MONTHS ENDED JULY 31, 2014 (Unaudited) NON-GAAP ADJUSTMENTS Project Sapp Intangible Pre-Separation Share Based Others Adjustment (In millions, except per share a
Slide 12: GAAP to Non-GAAP Operating profit reconciliation – Q4'14
GAAP to NON GAAP Operating profit reconciliation – Q4’14 KEYSIGHT TECHNOLOGIES, INC. RECONCILIATION FROM GAAP TO NON-GAAP NET INCOME THREE MONTHS ENDED OCTOBER 31, 2014 (Unaudited) NON-GAAP ADJUSTMENTS Project Sapp Intangible Pre-Separation Share Based Others Adjustment (In millions, except per shar
Slide 13: GAAP to Non-GAAP Operating profit reconciliation – Q1'15
GAAP to NON GAAP Operating profit reconciliation – Q1’15 KEYSIGHT TECHNOLOGIES, INC RECONCILIATION FROM GAAP TO NON-GAAP NET INCOME THREE MONTHS ENDED JANUARY 31, 2015 (Unaudited) NON GAAP ADJUSTMENTS Project Sapp Intangible Seperation Share Based Adjustment (In millions, except per share amounts) G
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