Slide 1: Company Overview
Company Overview August 15, 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$MM 566.6 564.4 587.9 600 543.3 509.6 479.3 500 399.3 436.6 426.2 453.8 411.2 405.1 400 300 200 100 0 Sep'19 Sep'20 Sep'21 Dec'19 Dec'20 Dec'21 Mar'20 Mar'21 Mar'22 Jun '20 Jun '21 Jun '22 Optical communications Non-optical communications Optical communic
Slide 8: Consistent Profitability Through the Cycles
Consistent Profitability Through the Cycles Non-GAAP gross margin and non-GAAP operating margin (1) % of Sales 15.0% 12.1% 12.6% 12.3% 13.0% 10.3% 9.9% 10.7% 9.5% 10.0% 5.0% 0.0% FY2021 FY2022 4Q21 4Q22 Gross margin Operating margin ROIC (2) 33.0% 32.6% 32.6% 32.4% 32.5% 32.0% 31.5% 30.9% 31.0% 30.5
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials US$MM, except per share figures 3 months ended 24-Jun-22 25-Jun-21 ◼ Q4 revenue of $587.9MM at the Revenue 587.9 509.6 upper end of the guidance range Y-o-Y change 15% 26% ◼ Q4 non-GAAP operating margin Gross profit (non-GAAP) (1) 76.3 62.6 was a strong 10
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth Selected Items US$MM As of June 24, 2022 Cash, cash equivalents (1) 478.5 Working capital (2) 556.8 Property, plant & equipment, net 292.3 Total debt (3) 27.4 Total shareholders’ equity 1,253.7 (1) Cash & cash equivalents include marketable securities and restricted cas
Slide 11: Appendix
fabrinet . mm >) —< a TRUSTED MANUFACTURING PARTNER OF THE WORLD'S LEADING OEMS 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 June 24, March 25, June 25, June 24, 2022 June 25, 2021 June
Slide 13: Non-GAAP Reconciliation of Net Profit and EPS
Non-GAAP Reconciliation of Net Profit and EPS 13
Slide 14: Revenue Mix
Revenue Mix F4Q20 F1Q21 F2Q21 F3Q21 F4Q21 F1Q22 F2Q22 F3Q22 F4Q22 Optical Communications 78% 79% 77% 75% 76% 79% 80% 78% 79% Datacom 27% 24% 21% 22% 20% 21% 22% 19% 20% Telecom 73% 76% 79% 78% 80% 79% 78% 81% 80% Non-Optical Communications 22% 21% 23% 25% 24% 21% 20% 22% 21% Optical and non-optical