Aviat Networks, Inc. · NASDAQ:AVNW
Aviat Networks — Q1 FY2019 Earnings Presentation
15 slides from Aviat Networks's earnings presentation, Nov 15, 2018
Slide 1: Fiscal 2019 First Quarter Investor Presentation
Fiscal 2019 First Quarter Investor Presentation AVNW (NASDAQ) November 15, 2018
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS The information contained in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act and Section 27A of the Securities Act, including expectations regarding
Slide 3: Our Value Proposition
Our Value Proposition Aviat
Slide 4: Technology Focus: Evolving Intelligent Wireless Connectivity
TECHNOLOGY FOCUS 1 2 INCREASED 5G+ IP/MPLS TO CAPACITY THE EDGE 5G 3 AUTOMATION 4G AND SDN EVOLVING INTELLIGENT WIRELESS CONNECTIVITY SLIDE 4 AVIAT NETWORKS
Slide 5: Unique Ability to Address Multiple Vertical Markets
UNIQUE ABILITY TO ADDRESS MULTIPLE VERTICAL MARKETS Multi-Gigabit SDN-Based Management Microwave for 5G Solutions for Network- Ready Mobile Wide Operations Backhaul Simplification Zero Footprint, Integrated Microwave Routing Solutions for Enterprise Access SDN-Based, Microwave Routing Solutions for
Slide 6: Industry Leading Products
INDUSTRY LEADING PRODUCTS MOST SECURE, HYBRID SPLIT-MOUNT INDUSTRY’S NETWORK MISSION-CRITICAL PLATFORM OUTDOOR RADIO UNIT MANAGEMENT HIGHEST CAPACITY MICROWAVE UPGRADED (Capacity) UPGRADED (Capacity) ECLIPSE ODU 600 PROVISION MICROWAVE ROUTERS HIGHEST POWER MICROWAVE RADIO ALL NEW PLATFORM WTM 4000
Slide 7: Industry-Leading Services Capabilities
INDUSTRY-LEADING SERVICES CAPABILITIES AVIATDEPLOY INDUSTRY’S LEADING AUTOMATION PLATFORM FOR AVIATDESIGN CUSTOMER MICROWAVE ASSURANCE NETWORK SERVICES AVIATCARE MICROWAVE SIMPLIFIED Strong Recurring Revenue with Good Growth Potential SLIDE 7 AVIAT NETWORKS
Slide 8: Fiscal 2019 Q1 Executive Commentary
FISCAL 2019 Q1 EXECUTIVE COMMENTARY “Overall, I am pleased with the direction of the company even with some challenges we encountered in the first quarter. We remain on the path of profitable growth and our global competitive position continues to strengthen. Although our overall results were not as
Slide 9: Fiscal 2019 Q1 Non-GAAP Financial Highlights
FISCAL 2019 Q1 NON-GAAP FINANCIAL HIGHLIGHTS Income Statement Summary (Non-GAAP) Key Take-Aways Q1 FY19 Q1 FY18 (In Millions $) Variance Fourth consecutive quarter of $60 million-plus in revenue Actual Actual Revenue $60.5 $56.2 Up 7.7% Revenue increased YOY driven by a 30% improvement in intern
Slide 10: Fiscal 2019 Q1 Balance Sheet Key Indicators
FISCAL 2019 Q1 BALANCE SHEET KEY INDICATORS ($’s in millions) Q1 FY19 Q4 FY18 Q1 FY18 Key Take-Aways Cash/Cash Equivalents (and $28.4 $37.4 $39.6 Cash down in Q1 FY2018 due to timing of collections in Africa and restricted cash) growth in unbilled in North America and APAC on larger projects. Acco
Slide 11: Q2 Fiscal 2019 Guidance
Q2 FISCAL 2019 GUIDANCE Income Statement Summary (Non-GAAP) Q1 FY19 Actual Q2 FY19 Outlook Commentary ($’s in millions) Results Revenue $60.5 $61.0 - $65.0 Expect sequential growth Higher proportion of North America Gross Margin (%) 29.6% Mid 30s revenues Operating Expenses $18.3 ~19M Increased inve
Slide 12: Fiscal Year 2019 Guidance and Key Drivers
FISCAL YEAR 2019 GUIDANCE AND KEY DRIVERS Income Statement Summary (Non-GAAP) FY19 Outlook Commentary ($’s in millions) KEY DRIVERS FOR FY 2019: Revenue $250.0 - $260.0 Anticipate YOY growth of ~4.0% - 7.0% Opportunities across all private network verticals globally Gross Margin (%) 32.0% - 33.0%
Slide 13: Key Take-Aways
KEY TAKE-AWAYS • Competitive position continues to strengthen; multiple opportunities for growth • Increasing investment in growth related activities; continue to optimize other areas • Expecting strong second quarter and sequential improvements; maintaining positive full year guidance • Cash perfor
Slide 14: Aviat Networks
SLIDE 14 AVIAT NETWORKS
Slide 15: www.aviatnetworks.com
Aviat NETWORKS WWW.AVIATNETWORKS.COM