Logitech International S.a. · SIX:LOGN
Logitech International — Q1 FY2024 Earnings Presentation
7 slides from Logitech International's earnings presentation, Jul 24, 2023
Slide 1: Supplemental Financial Information Q1 Fiscal Year 2024
SUPPLEMENTAL FINANCIAL INFORMATION Q1 FISCAL YEAR 2024 (QUARTER ENDED June 30, 2023)
Slide 2: Q1 FY 2024 Financial Highlights
Q1 FY 2024 FINANCIAL HIGHLIGHTS $974 -15% 39.0% $109 $0.65 $240 million million per share million Non-GAAP Non-GAAP Non-GAAP Cash Flow from Revenue Y/Y Sales % (CC) Gross Margin Operating Income Diluted EPS Operations Results listed in non-GAAP. Sales are net sales and comparisons are Y/Y and on a c
Slide 3: Change in Presentation of Sales by Product Category
Change in Presentation of Sales by Product Category During the first quarter of fiscal year 2024, the Company changed its presentation of Sales by Product Category to provide a simpler and clearer view of the Company's business. The change in presentation did not have an impact on previously reporte
Slide 4: Quarterly Financial Trends
Quarterly Financial Trends Reflects Reclassification (1) Preliminary results * In $ millions except per share and % Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 GAAP Results Net Sales 608 691 864 624 644 720 903 709 792
Slide 5: Cash Flow and Operational Trends
Cash Flow and Operational Trends Preliminary results * In $ millions except working capital metrics Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Balance Sheet Cash and Cash Equivalents 809 917 1,389 1,750 1,498 1,137 1,364 1,329 1,107 869 1,036 1,149 1,251 Debt 0 0 0
Slide 6: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Preliminary results * In $ millions except per share and % Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Gross Profit - GAAP 306 570 749 711 569 542 658 494 460 439 477 344 376 Share-based compensation expense 1 2 2 2 1 2 2 1 1 1 1 1 1
Slide 7: Forward-Looking Statements and GAAP to Non-GAAP Reconciliation Notes
FORWARD-LOOKING STATEMENTS AND GAAP TO NON-GAAP RECONCILIATION NOTES *Note: These preliminary results for the three months ended June 30, 2023 are subject to adjustments, including subsequent events that may occur through the date of filing of our Quarterly Report on Form 10-Q. Forward Looking State
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