Lumentum Holdings Inc. · NASDAQ:LITE

Lumentum — Q1 FY2016 Earnings Presentation

9 slides from Lumentum's earnings presentation, Nov 10, 2015

1. Slide 1: Q1 FY16 Conference Call

   Q1 FY16 Conference Call November 10, 2015

2. Slide 2: Forward Looking Statement and Financial Presentation

   © 2015 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 FY16 Results (GAAP)

   © 2015 Lumentum Operations LLC Q1 FY16 Results (GAAP) $ millions except for EPS, % of revenue Part of Viavi – carveout financials Viavi 5 weeks / Lumentum 8 weeks Q1 FY15 Q4 FY15 Q1 FY16 Revenue $219.0 $208.9 $212.6 Gross Margin 70.3 32.1% 63.6 30.4% 66.9 31.5% Operating Expenses 65.1 29.7% 78.2 37.

4. Slide 4: Q1 FY16 Highlights (Non-GAAP)

   © 2015 Lumentum Operations LLC Q1 FY16 Highlights (Non-GAAP)  Spin-off from Viavi completed August 1, 2015 – 5 weeks into Q1 FY16  Revenue of $212.6M up approximately 2% sequentially – Telecom up 5% with notable strength on ROADMs and pump lasers – Datacom down 14% - per prior conference call – Co

5. Slide 5: Q1 FY16 Results (Non-GAAP)

   © 2015 Lumentum Operations LLC Q1 FY16 Results (Non-GAAP) $ millions except for EPS, % of revenue Part of Viavi – carveout financials Viavi 5 weeks / Lumentum 8 weeks Q1 FY15 Q4 FY15 Q1 FY16 Revenue $219.0 $208.9 $212.6 Gross Margin 74.1 33.8% 66.9 32.0% 69.8 32.8% Operating Expenses 57.3 26.2% 58.0

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

   © 2015 Lumentum Operations LLC Q1 FY16 Segment Results (Non-GAAP) $ millions, % of revenue Part of Viavi Viavi 5 weeks / Lumentum 8 weeks Q1 FY15 Q4 FY15 Q1 FY16 Revenue $219.0 $208.9 $212.6 Optical Communications 176.9 178.9 177.0 Telecom1 135.5 125.9 132.7 Datacom 30.2 41.7 35.7 Industrial & Consu

7. Slide 7: Q2 FY16 Guidance (Non-GAAP)

   © 2015 Lumentum Operations LLC Q2 FY16 Guidance (Non-GAAP) 7 Q1 FY16 Actual Q2 FY16 Projection Revenue $212.6M $212M - $222M Operating Margin 7.4%* 7.5 – 9.5% EPS (diluted) $0.26* $0.26 – $0.30 * Includes approximately $2M, or 3 cents per share, of Viavi allocated SG&A expenses that are in excess of

8. Slide 8: Investor Relations Calendar

   © 2015 Lumentum Operations LLC Investor Relations Calendar 8 Event Dates Stifel Midwest One-on-One Conference Chicago, IL Nov 12, 2015 UBS Global Technology Conference San Francisco, CA Nov 18, 2015 Barclays TMT Conference San Francisco, CA Dec 8, 2015 Raymond James Technology Investors Conference N

9. Slide 9: Slide 9

Lumentum Holdings — Q1 FY2016 Earnings Presentation on 6ix