Lumentum Holdings Inc. · NASDAQ:LITE

Lumentum — Q1 FY2017 Earnings Presentation

9 slides from Lumentum's earnings presentation, Oct 27, 2016

  1. Slide 1: Q1 FY17 Conference Call October 27, 2016

    Q1 FY17 Conference Call October 27, 2016

  2. Slide 2: Forward Looking Statement and Financial Presentation

    © 2016 Lumentum Operations LLC Forward Looking Statement and Financial Presentation This document contains 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. These statements include any anticipation or g

  3. Slide 3: Q1 FY17 Results (GAAP)

    © 2016 Lumentum Operations LLC Q1 FY17 Results (GAAP) 3 $ millions except for EPS, % of revenue Lumentum 13 weeks Lumentum 13 weeks Viavi 5 weeks / Lumentum 8 weeks Q1 FY17 Q4 FY16 Q1 FY16 Revenue $258.1 $241.7 $212.6 Gross Margin 81.7 31.7% 79.5 32.9% 66.9 31.5% Operating Expenses 64.9 25.1% 69.4 2

  4. Slide 4: Results (Non-GAAP)

    © 2016 Lumentum Operations LLC Q1 FY17 Results (Non-GAAP) $ millions except for EPS, % of revenue Lumentum 13 weeks Lumentum 13 weeks Viavi 5 weeks / Lumentum 8 weeks Q1 FY17 Q4 FY16 Q1 FY16 Revenue $258.1 $241.7 $212.6 Gross Margin 88.2 34.2% 82.4 34.1% 69.9 32.9% Operating Expenses 55.5 21.5% 54.4

  5. Slide 5: Highlights

    © 2016 Lumentum Operations LLC Q1 FY17 Highlights  Revenue was $258.1M up approximately 7% sequentially and 21% year-over-year  100G Datacom products up 248% year-over-year  TrueFlex® ROADMs grew 11% sequentially and 184% year-over-year  Operating Margin up 110 bps sequentially due to operating

  6. Slide 6: Segment Results (Non-GAAP)

    © 2016 Lumentum Operations LLC Q1 FY17 Segment Results (Non-GAAP) $ millions, % of revenue Lumentum 13 weeks Lumentum 13 weeks Viavi 5 weeks / Lumentum 8 weeks Q1 FY17 Q4 FY16 Q1 FY16 Revenue $258.1 $241.7 $212.6 Optical Communications 218.3 201.2 177.1 Telecom 165.6 145.1 132.8 Datacom 44.2 47.0 35

  7. Slide 7: Balance Sheet

    © 2016 Lumentum Operations LLC Balance Sheet 7 Selected Items - $ millions Q1 FY17 Q4 FY16 Cash and Cash Equivalents $166.8 $157.1 Working Capital minus Cash 159.0 158.7 Property, Plant & Equipment, net 196.0 183.4 Total Assets 737.5 726.3 Total Liabilities 206.0 193.1 Shareholder’s Equity 531.5 533

  8. Slide 8: Q2 FY17 Guidance (Non-GAAP)

    © 2016 Lumentum Operations LLC Q2 FY17 Guidance (Non-GAAP) 8 $ millions except for EPS, % of revenue Q1 FY17 Actual Q2 FY17 Estimate Revenue $258.1M $258M - $270M Operating Margin 12.7% 12.4 – 13.7% EPS (diluted) $0.49 $0.47 – $0.55 Guidance provided is based on our expectations as of today and will

  9. Slide 9: Slide 9

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