Lumentum Holdings Inc. · NASDAQ:LITE

Lumentum — Q4 FY2017 Earnings Presentation

11 slides from Lumentum's earnings presentation, Aug 9, 2017

  1. Slide 1: Q4 FY17 Conference Call August 9, 2017

    Q4 FY17 Conference Call August 9, 2017

  2. Slide 2: Forward Looking Statement and Financial Presentation

    © 2017 Lumentum Operations LLC Forward Looking Statement and Financial Presentation This presentation 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

  3. Slide 3: Q4 and Full Year FY17 Key Points

    © 2017 Lumentum Operations LLC Q4 and Full Year FY17 Key Points  Full year performance – Record revenue - exceeded $1 Billion – Revenue growth of 11% driven by increases across major segments – Non-GAAP earnings and EPS each expanded by more than 50% – Strengthened cash position with $450 Million c

  4. Slide 4: Q4 FY17 Results (GAAP)

    © 2017 Lumentum Operations LLC Q4 FY17 Results (GAAP) $ in millions except for EPS, % of revenue Q4 FY17 Q3 FY17 Q4 FY16 Revenue $222.7 $255.8 $241.7 Gross Margin 67.3 30.2% 82.1 32.1% 79.5 32.9% Operating Expenses 63.4 28.5% 68.5 26.8% 69.4 28.7% Operating Income 3.9 1.8% 13.6 5.3% 10.1 4.2% Dilute

  5. Slide 5: FY17 Results (GAAP)

    © 2017 Lumentum Operations LLC FY17 Results (GAAP) $ in millions except for EPS, % of revenue FY17 FY16 Revenue $1,001.6 $903.0 Gross Margin 318.1 31.8% 277.3 30.7% Operating Expenses 270.5 27.0% 265.8 29.4% Operating Income 47.6 4.8% 11.5 1.3% Diluted EPS $(1.69) $0.15 Diluted Shares-M 60.6 61.2 5

  6. Slide 6: Q4 FY17 Results (Non-GAAP)

    © 2017 Lumentum Operations LLC Q4 FY17 Results (Non-GAAP) $ in millions except for EPS, % of revenue Q4 FY17 Q3 FY17 Q4 FY16 Revenue $222.7 $255.8 $241.7 Gross Margin 73.2 32.9% 87.9 34.4% 82.4 34.1% Operating Expenses 52.8 23.7% 55.7 21.8% 54.4 22.5% Operating Income 20.4 9.2% 32.2 12.6% 28.0 11.6%

  7. Slide 7: FY17 Results (Non-GAAP)

    © 2017 Lumentum Operations LLC FY17 Results (Non-GAAP) $ in millions except for EPS, % of revenue FY17 FY16 Revenue $1,001.6 $903.0 Gross Margin 347.2 34.7% 297.7 33.0% Operating Expenses 222.9 22.3% 214.6 23.8% Operating Income 124.3 12.4% 83.1 9.2% Diluted EPS $1.94 $1.29 Diluted Shares-M 63.1 61.

  8. Slide 8: FY17 Segment Results (Non-GAAP)

    © 2017 Lumentum Operations LLC Q4 FY17 Segment Results (Non-GAAP) $ in millions Q4 FY17 Q3 FY17 Q4 FY16 Revenue $222.7 $255.8 $241.7 Optical Communications 186.8 216.1 201.2 Telecom 120.2 164.9 145.1 Datacom 50.1 39.0 47.0 Industrial & Consumer(1) 16.5 12.2 9.1 Commercial Lasers 35.9 39.7 40.5 Gross

  9. Slide 9: Balance Sheet

    © 2017 Lumentum Operations LLC Balance Sheet 9 Selected Items - $ in millions Q4 FY17 Q3 FY17 Cash and Short-term Investments $555.3 $577.9 Working Capital(1) 190.8 171.6 Property, Plant & Equipment, net 273.5 246.6 Total Assets 1,232.9 1,244.5 Total Liabilities 578.3 740.1 Shareholder’s Equity(2) 6

  10. Slide 10: Q1 FY18 Guidance (Non-GAAP)

    © 2017 Lumentum Operations LLC Q1 FY18 Guidance (Non-GAAP) 10 $ in millions except for EPS, % of revenue Q4 FY17 Actual Q1 FY18 Estimate Revenue $222.7M $245.0M - $265.0M Operating Margin 9.2% 13.0% – 15.0% Diluted EPS $0.39 $0.50 – $0.60 Guidance provided is based on our expectations as of today an

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