Jabil Inc. · NYSE:JBL
Jabil — Q3 2007 Earnings Presentation
12 slides from Jabil's earnings presentation, Jun 21, 2007
Slide 1: Third Quarter 2007 Financial Results
Third Quarter 2007 Financial Results June 21, 2007
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation contains forward-looking statements, including those regarding the anticipated outlook for our business, our currently expected fourth quarter fiscal year 2007 net revenue and earnings results, our long-term outlook for our company and improvements in our
Slide 3: Third Quarter 2007 Summary Results
Third Quarter 2007 Summary Results Net revenue: Increased 2 percent over the second quarter (increased 16 percent on a year over year) to $3.0 billion. Core Operating Income*: Increased 57 percent sequentially (decreased 7 percent on a year over year) to $87.1 million. Core Earnings Per Diluted Shar
Slide 4: Third Quarter 2007 Income Highlights
Third Quarter 2007 Income Highlights Three months ended May 31, 2007 May 31, 2006 (In millions, except EPS) (In millions, except EPS) Net revenue $ 3,001.9 $ 2,592.5 GAAP operating income $ 33.6 $ 77.3 Core operating income* $ 87.1 $ 93.4 GAAP net income $ 6.2 $ 64.2 Core earnings* $ 47.4 $ 78.5 Dil
Slide 5: Third Quarter 2007 Sequential Sector Results
Third Quarter 2007 Sequential Sector Results Automotive: Increased 16 percent. Computing & Storage: Consistent. Consumer: Decreased 9 percent. Instrumentation & Medical: Increased 7 percent. Networking: Increased 6 percent. Peripherals: Increased 19 percent. Telecommunications: Increased 4 percent.
Slide 6: Quarterly Sectors (Percentage of Net Revenue)
Quarterly Sectors (Percentage of Net Revenue) Q4 Q1 Q2 Q3 FY06 FY07 FY07 FY07 Automotive 5% 4% 5% 5% Computing & Storage 12% 11% 12% 11% Consumer 31% 36% 29% 26% Instrumentation & 17% 15% 17% 18% Medical Networking 18% 18% 20% 21% Peripherals 6% 6% 7% 9% Telecommunications 6% 5% 5% 5% Other 5% 5% 5%
Slide 7: Balance Sheet & Ratio Trends
Balance Sheet & Ratio Trends Q4 Q1 Q2 Q3 FY06 FY07 FY07 FY07 Sales cycle (1) 14 days 23 days 29 days 26 days Inventory turns 8 8 7 8 Core return on invested capital 17% 14% 7% 10% “ROIC” (2) Debt to capitalization (3) 15% 20% 37% 35% (1) Days in accounts receivable + days in inventory – days in acco
Slide 8: Third Quarter 2007 Financial Metrics
Third Quarter 2007 Financial Metrics Cash flow from operations: Approximately $192 million. Capital expenditures: Approximately $88 million. Depreciation: Approximately $55 million. Core EBITDA: Approximately $142 million. Cash and cash equivalent balances: $558 million at May 31, 2007. 7
Slide 9: Third Quarter 2007 Balance Sheet Highlights
Third Quarter 2007 Balance Sheet Highlights May 31, August 31, 2007 2006 (In millions) (In millions) Cash & cash equivalents $ 558 $ 774 Total assets $ 6,227 $ 5,412 Total debt $ 1,324 $ 393 Retained earnings $ 1,134 $ 1,116 Total stockholders’ equity $ 2,432 $ 2,294 8
Slide 10: Fourth Quarter 2007 Guidance
Fourth Quarter 2007 Guidance Net revenue is estimated to be $3.0 billion. Core operating margin is expected to be in a range of 3.0 percent to 3.5 percent. Core EPS* is estimated to be in a range of $0.25 to $0.31 per diluted share for the fourth fiscal quarter. * Core operating margin and core EPS
Slide 11: Fourth Quarter 2007 Sequential Sector Expectations
Fourth Quarter 2007 Sequential Sector Expectations Automotive: Decrease 10 percent. Computing & Storage: Increase 5 percent. Consumer: Consistent. Instrumentation & Medical: Consistent. Networking: Consistent. Peripherals: Increase 5 percent. Telecommunications: Decrease 10 percent. 10
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