Seagate Technology Holdings Plc · NASDAQ:STX
Seagate Technology — Q1 2020 Earnings Presentation
12 slides from Seagate Technology's earnings presentation, Nov 1, 2019
Slide 1: Supplemental Financial Information Q1 FY20
SUPPLEMENTAL FINANCIAL INFORMATION Q1 FY20
Slide 2: Safe Harbor Statement
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Safe Harbor Statement This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each a
Slide 3: Use of Non-GAAP Financial Information
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Use of Non-GAAP Financial Information To supplement the consolidated financial statements presented in accordance with generally accepted accounting principles (GAAP), the Company provides non-GAAP mea
Slide 4: Q1 FY20 Financial Highlights
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Q1 FY20 Financial Highlights $2.6B 26.0% $0.74 98.3EB REVENUE GROSS MARGIN DILUTED EPS HDD CAPACITY GAAP GAAP SHIPPED $456M 26.7% $1.03 3TB CASH FLOW FROM GROSS MARGIN DILUTED EPS AVG. CAPACITY OPERATI
Slide 5: Quarterly Financial Trends
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Quarterly Financial Trends Q1’19 Q2’19 Q3’19 Q4’19 Q1'20 GAAP Results Revenue ($M) 2,991 2,715 2,313 2,371 2,578 Gross Margin % 30.5% 29.2% 26.0% 26.3% 26.0% Operating Expenses ($M) 410 378 365 292 398
Slide 6: HDD Product Mix Trends
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 HDD Product Mix Trends Q1’19 Q2’19 Q3’19 Q4’19 Q1'20 Enterprise Capacity Shipped (EB) Mission Critical 3.0 3.4 2.9 2.9 3.2 Nearline 42.5 33.0 30.0 34.8 47.4 Average Capacity per Drive (TB) 5.2 4.5 4.9
Slide 7: Seagate Nearline Demand Trend
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Seagate Nearline Demand Trend >3.5x 47.4 EB EB shipped Q1FY20 vs Q1FY15 44.5 EB 25.7 EB 14.8 EB 12.7 EB Q1FY15 Q3FY15 Q1FY17 Q4FY18 Q1FY20 NOTE: Minor changes and calculation variances to historical ex
Slide 8: Seagate HDD Capacity Shipped and Average Capacity per Drive
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Seagate HDD Capacity Shipped and Average Capacity per Drive >2x 2.9 TB 120 3.0 Average capacity per drive Q1FY20 vs Q1FY16 2.5 100 Average Capacity per Drive (TB) 2.0 Exabytes 80 1.5 1.2 TB 60 1.0 40 0
Slide 9: Cash, Cash Flow, and Operational Trends
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Cash, Cash Flow, and Operational Trends Q1’19 Q2’19 Q3’19 Q4’19 Q1'20 Cash1 ($M) 1,942 1,357 1,388 2,220 1,784 Debt ($M) 4,821 4,324 4,522 4,253 4,140 Cash Flow From Operations ($M) 587 288 438 448 456
Slide 10: Reconciliation Tables
RECONCILIATION TABLES DIET OPA TE
Slide 11: Reconciliation of Revenue, Gross Margin and Operating Expenses to Non-GAAP
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Reconciliation of Revenue to Non-GAAP Revenue ($M) Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Revenue 2,991 2,715 2,313 2,371 2,578 Adjustment to discontinued products 1 - - - - Non-GAAP Revenue 2,992 2,715 2,313 2
Slide 12: Non-GAAP Measures Adjusted for the Following Items
Supplemental Financial Information Fiscal Q1 2020 (quarter ended October 4, 2019) November 1, 2019 Non-GAAP Measures Adjusted for the Following Items: Adjustment to discontinued products These adjustments relate to sales of certain discontinued products or changes in sales provision for discontinued
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