Seagate Technology Holdings Plc · NASDAQ:STX
Seagate Technology — Q2 2020 Earnings Presentation
12 slides from Seagate Technology's earnings presentation, Feb 4, 2020
Slide 1: Supplemental Financial Information Q2 FY20
SUPPLEMENTAL FINANCIAL INFORMATION Q2 FY20
Slide 2: Safe Harbor Statement
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Safe Harbor Statement This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Information concerning risks, uncertainties and ot
Slide 3: Use of Non-GAAP Financial Information
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Use of Non-GAAP Financial Information To supplement the consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides non-GAA
Slide 4: Q2 FY20 Financial Highlights
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Q2 FY20 Financial Highlights $2.7B 28.1% 14.2% $1.20 106.9EB REVENUE GROSS MARGIN OPERATING MARGIN DILUTED EPS HDD CAPACITY GAAP GAAP GAAP SHIPPED $936M 28.7% 15.7% $1.35 3.3TB YTD CASH FLOW FROM GROSS
Slide 5: Quarterly Financial Trends
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Quarterly Financial Trends Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 GAAP Results Revenue ($M) 2,991 2,715 2,313 2,371 2,578 2,696 Gross Margin % 30.5% 29.2% 26.0% 26.3% 26.0% 28.1% Operating Expenses
Slide 6: HDD Product Mix Trends
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 HDD Product Mix Trends Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Capacity Shipped (EB) Mass Capacity 59.9 47.2 43.0 52.2 63.9 71.3 Nearline 42.5 33.0 30.0 34.8 47.4 49.0 Legacy 39.0 40.2 33.6 32.2 34.5
Slide 7: Mass Capacity Trends
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Mass Capacity Trends 53% 52% 51% 1,500 49% 49% 50% 50% 5,000 46% 45% 44% 49% 48% 42% 47% 46% 46% 1,200 38% 40% 4,000 42% 43% 40% 39% 40% 30% 35% 900 30% 3,000 30% 28% 600 20% 20% 2,000 300 10% 1,000 10
Slide 8: Seagate Nearline Demand Trend
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Seagate Nearline Demand Trend 60.0 49.0 EB 44.5 50.0 EB 40.0 25.7 30.0 EB 20.0 12.2 EB 10.0 - Q1FY16 Q1FY17 Q4FY18 Q2FY20 Nearline Exabyte Shipped (EB) NOTE: Minor changes and calculation variances to
Slide 9: Cash, Cash Flow, and Operational Trends
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Cash, Cash Flow, and Operational Trends Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Cash1 ($M) 1,942 1,357 1,388 2,220 1,784 1,744 Debt ($M) 4,821 4,324 4,522 4,253 4,140 4,141 Cash Flow From Operations
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 Q2 2020 (quarter ended January 3, 2020) February 4, 2020 Reconciliation of Revenue to Non-GAAP Revenue ($M) Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Revenue 2,991 2,715 2,313 2,371 2,578 2,696 Adjustment to discontinued products 1 - - - - - Non-GAAP Revenue
Slide 12: Non-GAAP Measures Adjusted for the Following Items
Supplemental Financial Information Fiscal Q2 2020 (quarter ended January 3, 2020) February 4, 2020 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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