Celestica Inc. · TSX:CLS
Celestica — Q3 2010 Earnings Presentation
13 slides from Celestica's earnings presentation, Oct 28, 2010
Slide 1: Third Quarter Results
Solid partners. Flexible solutions. Third Quarter Results October 28, 2010
Slide 2: Safe Harbor and Fair Disclosure Statement
Safe Harbor and Fair Disclosure Statement This presentation contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act, section 21E of the U.S. Exchange Act, and applicable Canadian securities legislation, including, without limitation, statements related to our
Slide 3: Third Quarter Results
Solid partners. Flexible solutions. Third Quarter Results October 28, 2010
Slide 4: Q3 2010 Financial Results: Highlights
Q3 2010 Financial Results Highlights $US Millions (except for per share amounts) Q3/10 Q2/10 Q1/10 Q3/09 Revenue $1,547 $1,585 $1,518 $1,556 GAAP Net Earnings (Loss) $35.4 ($6.1) $25.9 ($0.6) GAAP EPS (Loss per share) $0.15 ($0.03) $0.11 $0.00 Non-GAAP Adjusted Net Earnings $46.3 $48.3 $43.1 $44.3 N
Slide 5: End Markets as % of Revenue
Q3 2010 Financial Results End Markets as % of Revenue Enterprise Telecommunications Communications 23% 14% 12% Industrial/Aerospace/ Storage 12% Defense/Healthcare 13% 26% Servers Consumer 5
Slide 6: Revenue – Customer Concentration
Q3 2010 Financial Results Revenue – Customer Concentration % of Revenue Q3/10 Q3/09 Top 5 Customers 48% 48% Top 10 Customers 71% 72% 6
Slide 7: Q3 2010 Financial Results: Highlights
Q3 2010 Financial Results Highlights $US Millions (except for per share amounts) Q3/10 Q2/10 Q1/10 Q3/09 Revenue $1,547 $1,585 $1,518 $1,556 GAAP Net Earnings (Loss) $35.4 ($6.1) $25.9 ($0.6) GAAP EPS (Loss per share) $0.15 ($0.03) $0.11 $0.00 Non-GAAP Adjusted Net Earnings $46.3 $48.3 $43.1 $44.3 N
Slide 8: Restructuring Update
Q3 2010 Financial Results Restructuring Update • Have recorded $155 million of the $175 million announced in 2008 and 2009 • $5 million recorded in the third quarter • Restructuring program expected to be completed by end of 2010 8
Slide 9: Cash Flows/Capex/Working Capital
Q3 2010 Financial Results Cash Flows/Capex/Working Capital Cash flow $81 million free cash flow In-line with target of approximately Capex $16 million 1% of annual revenue Increased three days from Q2/10 due 35 day cash cycle to inventory increase to support Q4/2010 ramp Inventory up 13% sequentiall
Slide 10: Balance Sheet
Q3 2010 Financial Results Balance Sheet $US At September 30, 2010 Cash $706 million Debt nil $200 million credit facility Undrawn 10
Slide 11: Normal Course Issuer Bid
Q3 2010 Financial Results Normal Course Issuer Bid • Company is approved to purchase up to 18 million, or approximately 9% of its subordinate voting shares • Spent $37.3 million to repurchase and cancel 4.7 million shares • Also purchased 1.3 million shares for employee equity-based incentive progra
Slide 12: Q4/10 Outlook
Q3 2010 Financial Results Q4/10 Outlook $US Revenue (billion) $1.70 - $1.85 Adjusted earnings per share $0.20 - $0.26 Guidance provided on Thursday, Oct. 28, 2010 Guidance is effective on the date given, and will only be updated through a public announcement. 12
Slide 13: Third Quarter Results
Solid partners. Flexible solutions. Third Quarter Results October 28, 2010