Slide 1: Logitech
logitech’
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding: our preliminary financial results for the three months ended June 30, 2021, growth and growth opportunities, t
Slide 3: Key Messages — Q1 FY 2022
KEY MESSAGES — Q1 FY 2022 Q1'22 sales increased 58% (CC) to $1.31B, continuing the strong momentum from the prior quarter with double-digit growth across most of our product categories Gross margin increased to 43.8% due to strong sales volume, favorable product mix and a benefit from currency excha
Slide 4: What's New from Logitech
WHAT'S NEW FROM LOGITECH
Slide 5: Video Collaboration
VIDEO COLLABORATION is an Al-powered whiteboard camera that broadcasts whiteboard content into video meetings such as Microsoft Teams and Zoom Using built-in artificial intelligence, can render the presenter transparent so remote users can see the whiteboard with nothing in the way, as well as autom
Slide 6: Jaybird
JAYBIRD Jaybird Vista 2 True Wireless Sport Earbuds builds on the success of the original true wireless Vista earbuds with enhanced durability and military-grade construction Equipped with SurroundSense technology that amplifies sounds for safety or stay focused with Active Noise Cancellation Holds
Slide 7: Financial Results
NCIAL RESULTS “3 Ch
Slide 8: Q1'22 Is a Strong Start to the Year
Q1'22 IS A STRONG START TO THE YEAR ... a sire | 702 Y/Y % chg 66% 23% Y/Y % chg (CC) 58% 25% Gross profit 574 311 85% % margin 43.8% 39.2% 460 bps Operating expense 340 193 76% % of sales 25.9% 24.4% 150 bps % margin 17.9% 14.8% 310 bps Net income 210 109 93% % margin 16.0% 13.7% 230 bps Earnings p
Slide 9: As Secular Growth Trends Continued
... AS SECULAR GROWTH TRENDS CONTINUED error) Pointing Devices Keyboards & Combos 218 PC Webcams 110 Tablet & Accessories 79 Video Collaboration 235 Gaming 336 Mobile Speakers 28 Audio & Wearables 117 Smart Home Note: Net sales in $ millions. Comparisons are Y/Y and in US$ unless otherwise specified
Slide 10: Balanced Growth Across All Regions
BALANCED GROWTH ACROSS ALL REGIONS YY Y/Y _ |Sell-through Demand was very broad based and (Cc) (US$) (55) balanced across all three regions Americas 70% 72% 56% VTE 58 oan Bap aR? — Net sales growth (+66%) more closely fo fo h : : f aligned with sell-through (+58%) in the 9 e o ‘ Asia Pacific 45% 52
Slide 11: Gross Margin Within Target Range
GROSS MARGIN WITHIN TARGET RANGE 48% 46% 44% 42% 40% 38% 36% 34% Q1'20 Q2'20 Non-GAAP Gross Margin Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1’22 gross margin increased 460 basis points to 43.8% versus Q1’21 The improved year-over-year margin was due to continued strong sales volume, favorable prod
Slide 12: Continuing to Invest for Long-Term Growth
CONTINUING TO INVEST FOR LONG-TERM GROWTH Sales & marketing % of sales 18.6% Research & development 64 % of sales 4.9% General & administrative 32 % of sales 2.4% Operating expenses $340 $193 % of sales 25.9% 15.7% 47 5.9% 22 2.8% 24.4% 96% 290 bps 38% (100 bps) 43% (40 bps) 150 bps Strategically co
Slide 13: Strategic Investments in Working Capital
STRATEGIC INVESTMENTS IN WORKING CAPITAL Cash from operations (115) Ending cash balance 1,498 Inventory 779 Inventory turns 3.8 DOI 94 Accounts receivable 546 DSO 37 Accounts payable 710 Cash conversion cycle 45 days | 27 days | 18 days 27 days 119 809 271 7.2 50 500 57 430 (234) 688 507 (3.4 turns)
Slide 14: Reaffirming Fiscal Year 2022 Outlook
REAFFIRMING FISCAL YEAR 2022 OUTLOOK FY 2022 OUTLOOK Sales growth (CC) -5% to +5% Non-GAAP operating income $800 - 850M Currency exchange rates Q1'22 actuals and Q2-Q4'22 projections ' Non-GAAP effective tax rate 11-12% Cash from operations ~1x non-GAAP operating income Capex $80 - 90M Note: Sales g
Slide 15: Appendix
APPENDIX
Slide 16: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands, except per share amounts) - unaudited SUPPLEMENTAL FINANCIAL INFORMATION GAAP TO NON GAAP RECONCILIATION “) Three Months Ended June 30, 2021 2020 Gross profit - GAAP Share-based compensation expense Amor
Slide 17: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands, except per share amounts) - unaudited ‘SUPPLEMENTAL FINANCIAL INFORMATION Three Months Ended June 30, GAAP TO NON GAAP RECONCILIATION ® 2024 2020 Operating income - GAAP $ 203081 $ 83,427 Share-based com
Slide 18: GAAP to Non-GAAP Reconciliation Notes
GAAP TO NON-GAAP RECONCILIATION NOTES Note: These preliminary results for the three months ended June 30, 2021 are subject to adjustments, including subsequent events that may occur through the date of filing our Quarterly Report on Form 10-Q. (A) Non-GAAP Financial Measures To supplement our conden
Slide 19: Sell-Through Data
SELL-THROUGH DATA Measures sales of our products by retailer customers to consumers and by our distributor customers to their customers Compiled by Logitech from data supplied by our customers Customers supplying sell-through data vary by geographic region and from period to period, but typically re
Slide 20: Logitech
logitech