Slide 1: Company Overview
fabrinet ———, _~ a Al Company Overview May 2, 2022
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of histori
Slide 3: Company Overview
Company Overview Global leader in advanced precision optical/ electronic/mechanical manufacturing services Fabrinet UK Calne, Wiltshire, UK VitroCom Fabrinet Israel Focus on high-mix/low-volume mission- Mountain Lakes, NJ Yokneam, Israel Fabrinet West Casix critical components and modules Santa Clar
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 Santa Clara, USA Fabrinet West Fuzhou, China Bangkok, Thailand Casix Pinehurst campus Calne, UK Fabrinet UK New Jersey, USA Chonburi, Thailand VitroCom Chonburi campus Yo
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 Consolidated revenue US$MM 600 543.3 566.6 564.4 509.6 479.3 500 405.1 405.1 399.3 436.6 426.2 453.8 411.2 400 300 200 100 0 Jun '19 Jun '20 Jun '21 Sep'19 Sep'20 Sep'21 Dec'19 Dec'20 Dec'21 Mar'20 Mar'21 Mar'22 Optical communications Non-optical communications Optical communic
Slide 8: Consistent Profitability Through the Cycles
Consistent Profitability Through the Cycles Non-GAAP gross margin and non-GAAP operating margin (1) % of Sales 15.0% 12.1% 12.2% 12.7% 11.7% 9.5% 9.5% 10.5% 10.0% 8.8% 5.0% 0.0% FY2020 FY2021 3Q21 3Q22 Gross margin Operating margin ROIC (2) (1) Excludes share based compensation, executive separation
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials US$MM, except per share figures 3 months ended 25-Mar-22 26-Mar-21 Q3 revenue of $564.4MM was Revenue 564.4 479.3 within the guidance range Y-o-Y change 18% 17% Q3 non-GAAP operating margin Gross profit (non-GAAP) (1) 71.9 58.3 was a strong 10.5% Gross
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth Selected Items US$MM As of March 25, 2022 Cash, cash equivalents (1) 515.1 Working capital (2) 496.1 Property, plant & equipment, net 291.8 Total debt (3) 30.4 Total shareholders’ equity 1,228.7 (1) Cash & cash equivalents include marketable securities and restricted ca
Slide 11: Appendix
—, Se ee A 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 March 25, December 24, March 26, June 25, 2021 June 26, 2020
Slide 13: Non-GAAP Reconciliation of Net Profit and EPS
Non-GAAP Reconciliation of Net Profit and EPS (in thousands of U.S. dollars, except per share data) Three Months Ended March 25, 2022 December 24, 2021 March 26, 2021 Net income Diluted EPS Net income Diluted EPS Net income Diluted EPS Net profit (GAAP measures) 50,661 1.35 48,879 1.30 37,493 1.00 I
Slide 14: Revenue Mix
Revenue Mix F3Q20 F4Q20 F1Q21 F2Q21 F3Q21 F4Q21 F1Q22 F2Q22 F3Q22 Optical Communications 75% 78% 79% 77% 75% 76% 79% 80% 78% Datacom 28% 27% 24% 21% 22% 20% 21% 22% 19% Telecom 72% 73% 76% 79% 78% 80% 79% 78% 81% Non-Optical Communications 25% 22% 21% 23% 25% 24% 21% 20% 22% Optical and non-optical