Jabil Inc. · NYSE:JBL
Jabil — FY2007 Earnings Presentation
15 slides from Jabil's earnings presentation, Sep 27, 2007
Slide 1: Fourth Quarter & Fiscal Year 2007 Financial Results
Fourth Quarter & Fiscal Year 2007 Financial Results September 27, 2007
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation contains forward-looking statements, including those regarding our anticipated financial results for our fourth fiscal quarter and fiscal year 2007 financial results, the potential strengthening of our business, improving our financial performance and deli
Slide 3: Fourth Quarter 2007 Summary Results
Fourth Quarter 2007 Summary Results Net revenue: Increased 4 percent over the third quarter (increased 6 percent year over year) to $3.1 billion. Core Operating Income*: Increased 19 percent sequentially (increased 15 percent year over year) to $103.8 million. Core Earnings Per Diluted Share*: Incre
Slide 4: Fourth Quarter 2007 Income Highlights
Fourth Quarter 2007 Income Highlights Three months ended August 31, 2007 August 31, 2006 (In millions, except EPS) (In millions, except EPS) Net revenue $ 3,129.8 $ 2,953.6 GAAP operating income $ 50.5 $ -7.6 Core operating income* $ 103.8 $ 90.2 GAAP net income $ 11.7 $ -45.6 Core earnings* $ 59.9
Slide 5: Fiscal Year 2007 Summary Results
Fiscal Year 2007 Summary Results Net revenue: Increased 20 percent on a year over year basis to $12.3 billion compared to $10.3 billion for fiscal 2006. Core Operating Income*: Decreased 15 percent on a year over year basis to $331.6 million compared to $391.6 million for fiscal 2006. Core Earnings
Slide 6: Fiscal Year 2007 Income Highlights
Fiscal Year 2007 Income Highlights Twelve months ended August 31, 2007 August 31, 2006 (In millions, except EPS) (In millions, except EPS) Net revenue $ 12,290.6 $ 10,265.4 GAAP operating income $ 181.9 $ 241.8 Core operating income* $ 331.6 $ 391.6 GAAP net income $ 73.2 $ 164.5 Core earnings* $ 19
Slide 7: Fourth Quarter 2007 Sequential Sector Results
Fourth Quarter 2007 Sequential Sector Results Automotive: Decreased 10 percent. Computing & Storage: Increased 9 percent. Consumer: Decreased 3 percent. Instrumentation & Medical: Increased 7 percent. Networking: Increased 12 percent. Peripherals: Increased 8 percent. Telecommunications: Decreased 8
Slide 8: Quarterly Sectors Percentage of Net Revenue
Quarterly Sectors Percentage of Net Revenue Q1 Q2 Q3 Q4 Fiscal FY07 FY07 FY07 FY07 Year 2007 Automotive 4% 5% 5% 4% 5% Computing & Storage 11% 12% 11% 12% 12% Consumer 36% 29% 26% 24% 29% Instrumentation & 15% 17% 18% 19% 17% Medical Networking 18% 20% 21% 22% 20% Peripherals 6% 7% 9% 9% 8% Telecomm
Slide 9: Balance Sheet & Ratio Trends
Balance Sheet & Ratio Trends Q1 Q2 Q3 Q4 FY07 FY07 FY07 FY07 Sales cycle (1) 23 days 29 days 25 days 19 days Inventory turns 8 7 8 8 Core return on invested capital 14% 7% 10% 11% “ROIC” (2) Debt to capitalization (3) 20% 37% 35% 34% (1) Days in accounts receivable + days in inventory – days in acco
Slide 10: Fourth Quarter & Fiscal Year 2007 Financial Metrics
Fourth Quarter & Fiscal Year 2007 Financial Metrics Cash flow from operations: Approximately $250 million for the fourth quarter and $190 million for fiscal 2007. Capital expenditures: Approximately $93 million for the fourth quarter and $327 million for fiscal 2007. Depreciation: Approximately $57
Slide 11: Fiscal Year 2007 Balance Sheet Highlights
Fiscal Year 2007 Balance Sheet Highlights August 31, August 31, 2007 2006 (In millions) (In millions) Cash & cash equivalents $ 664 $ 774 Total assets $ 6,295 $ 5,412 Total debt $ 1,262 $ 393 Retained earnings $ 1,131 $ 1,116 Total stockholders’ equity $ 2,443 $ 2,294 10
Slide 12: First Quarter 2008 Guidance
First Quarter 2008 Guidance Net revenue is estimated to be approximately $3.3 billion. Core operating margin is expected to be in a range of 3.3 percent to 3.7 percent. Core EPS* is estimated to be in a range of $0.33 to $0.37 per diluted share for the first fiscal quarter. * Core operating margin a
Slide 13: First Quarter 2008 Sequential Sector Expectations
First Quarter 2008 Sequential Sector Expectations EMS Division • Automotive: Consistent. • Computing & Storage: Increase 10 percent. • Industrial, Instrumentation & Medical: Consistent. • Networking: Consistent. • Telecommunications: Consistent. Consumer Division • Mobility & Displays: Increase 15 -
Slide 14: Quarterly Sectors Percentage of Net Revenue
Quarterly Sectors Percentage of Net Revenue Q1 Q2 Q3 Q4 Fiscal FY07 FY07 FY07 FY07 Year 2007 EMS Division •Automotive 4% 5% 5% 4% 5% •Computing & Storage 11% 12% 11% 12% 11% •Industrial, Instrumentation & Medical 17% 18% 20% 20% 18% •Networking 17% 19% 20% 22% 20% •Telecommunications 4% 5% 5% 4% 5%
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