Slide 1: Q2 FY21 Conference Call
Q2 FY21 Conference Call February 2, 2021
Slide 2: Forward Looking Statements and Financial Presentation
Forward Looking Statements 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 or guidance as to future finan
Slide 3: Additional Information and Where to Find It and Participants in the Merger Solicitation
Additional Information and Where to Find It and Participants in the Merger Solicitation Additional Information and Where to Find It In connection with the proposed transaction between Lumentum Holdings, Inc. (“Lumentum”) and Coherent, Inc. (“Coherent”), Lumentum will file with the Securities and Exc
Slide 4: Q2FY21 Key Points
Q2FY21 Key Points ▪ Achieved record revenue and non-GAAP gross margin, operating margin, and EPS – Non-GAAP gross margin at 53.4% expanded 140 bps Q/Q and 600 bps Y/Y – Non-GAAP operating margin at 35.5% expanded 180 bps Q/Q and 670 bps Y/Y – Non-GAAP EPS at $1.99 expanded 12% Q/Q and 30% Y/Y ▪ Tele
Slide 5: Q2 FY21 Results (GAAP)
Q2 FY21 Results (GAAP) $ in millions Q2 FY21 Q1 FY21 Q2 FY20 except for EPS, % of revenue Revenue $478.8 $452.4 $457.8 Gross Margin 229.6 48.0% 205.7 45.5% 189.1 41.3% Operating Expenses 114.3 23.9% 106.7 23.6% 114.3 25.0% Operating Income 115.3 24.1% 99.0 21.9% 74.8 16.3% Diluted EPS $1.06 $0.86 $0
Slide 6: Q2 FY21 Results (Non-GAAP)
Q2 FY21 Results (Non-GAAP) $ in millions Q2 FY21 Q1 FY21 Q2 FY20 except for EPS, % of revenue Revenue $478.8 $452.4 $457.8 Gross Margin 255.9 53.4% 235.2 52.0% 216.8 47.4% Operating Expenses 86.0 18.0% 82.7 18.3% 84.8 18.5% Operating Income 169.9 35.5% 152.5 33.7% 132.0 28.8% Diluted EPS $1.99 $1.78
Slide 7: Q2 FY21 Segment Results
Q2 FY21 Segment Results Q2 FY21 Q1 FY21 Q2 FY20 $ in millions Revenue $478.8 $452.4 $457.8 Optical Communications $ 449.1 428.5 409.4 Telecom & Datacom 286.2 261.3 266.3 Industrial & Consumer(1) 162.9 167.2 143.1 Commercial Lasers 29.7 23.9 48.4 Gross Margin (Non-GAAP) 53.4 % 52.0% 47.4% Optical Com
Slide 8: Balance Sheet
Balance Sheet Selected Items Q2 FY21 Q1 FY21 $ in millions Cash and Short-term Investments $1,700.3 $1,610.7 Working Capital(1) 298.9 262.6 Property, Plant & Equipment, net 385.8 393.4 Total Assets 3,468.2 3,387.4 Total Liabilities 1,546.3 1,571.3 Shareholder’s Equity 1,921.9 1,816.1 (1) Working cap
Slide 9: Q3 FY21 Guidance (Non-GAAP)
Q3 FY21 Guidance (Non-GAAP) Guidance is based on our expectations as of today and will not be updated or confirmed as of any other date Q2 FY21 Q3 FY21 $ in millions Actual Guidance except for EPS, % of revenue Revenue $478.8 $425 - $440 Operating Margin 35.5% 27.5% – 29.5% Diluted EPS $1.99 $1.31 -
Slide 10: ZLUMENTUM
ZLUMENTUM