Jabil Inc. · NYSE:JBL
Jabil — Q1 FY2008 Earnings Presentation
13 slides from Jabil's earnings presentation, Dec 20, 2007
Slide 1: First Quarter Fiscal Year 2008 Financial Results
First Quarter Fiscal Year 2008 Financial Results December 20, 2007
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation contains forward-looking statements, including those regarding our anticipated financial results for our first fiscal quarter, improving our financial performance , the anticipated outlook for our business and our currently expected second quarter fiscal y
Slide 3: First Quarter 2008 Summary Results
First Quarter 2008 Summary Results Net revenue: Increased 8 percent over the fourth quarter (increased 4 percent on a year over year) to $3.4 billion. Core Operating Income*: Increased 18 percent sequentially (increased 44 percent on a year over year) to $122.1 million. Core Earnings Per Diluted Sha
Slide 4: First Quarter 2008 Income Highlights
First Quarter 2008 Income Highlights Three months ended November 30, 2007 November 30, 2006 (In millions, except EPS) (In millions, except EPS) Net revenue $ 3,367.9 $ 3,224.0 GAAP operating income $ 98.9 $ 61.1 Core operating income* $ 122.1 $ 85.0 GAAP net income $ 62.0 $ 41.4 Core earnings* $ 74.
Slide 5: Sequential Sector Results
First Quarter 2008 Sequential Sector Results EMS Division • Automotive: Consistent. • Computing & Storage: Increased 8 percent. • Industrial, Instrumentation & Medical: Decreased 8 percent. • Networking: Decreased 3 percent. • Telecommunications: Increased 15 percent. Consumer Division • Mobility &
Slide 6: Quarterly Sectors Percentage of Net Revenue
Quarterly Sectors Percentage of Net Revenue Q1 Q2 Q3 Q4 Q1 FY07 FY07 FY07 FY07 FY08 EMS Division •Automotive 4% 5% 5% 4% 4% •Computing & Storage 11% 12% 11% 12% 11% •Industrial, Instrumentation & Medical 17% 18% 20% 20% 17% •Networking 17% 19% 20% 22% 20% •Telecommunications 4% 5% 5% 4% 5% •Other 2%
Slide 7: Balance Sheet & Ratio Trends
Balance Sheet & Ratio Trends Q2 Q3 Q4 Q1 FY07 FY07 FY07 FY08 Sales cycle (1) 29 days 25 days 19 days 22 days Inventory turns 7 8 8 8 Core return on invested capital 7% 10% 11% 13% “ROIC” (2) Debt to capitalization (3) 37% 35% 34% 33% (1) Days in accounts receivable + days in inventory – days in acco
Slide 8: First Quarter 2008 Financial Metrics
First Quarter 2008 Financial Metrics Cash flow from operations: Approximately $143 million for the first quarter. Capital expenditures: Approximately $62 million for the first quarter. Depreciation: Approximately $57 million for the first quarter. Core EBITDA: Approximately $180 million for the firs
Slide 9: First Quarter 2008 Balance Sheet Highlights
First Quarter 2008 Balance Sheet Highlights November 30, August 31, 2007 2007 (In millions) (In millions) Cash & cash equivalents $ 664 $ 664 Total assets $ 6,734 $ 6,295 Total debt $ 1,276 $ 1,262 Retained earnings $ 1,183 $ 1,131 Total stockholders’ equity $ 2,577 $ 2,443 8
Slide 10: Second Quarter 2008 Sequential Sector Expectations
Second Quarter 2008 Sequential Sector Expectations EMS Division • Automotive: Consistent. • Computing & Storage: Consistent. • Industrial, Instrumentation & Medical: Decrease 3 percent. • Networking: Increase 3 percent. • Telecommunications: Increase 25 percent. Consumer Division • Mobility & Displa
Slide 11: Fiscal Year 2008 Guidance
Fiscal Year 2008 Guidance Net revenue is estimated to be in a range of $13.0 billion to $13.4 billion. Core operating margin is expected to be in a range of 3.1 percent to 3.6 percent. Core EPS* is estimated to be in a range of $1.20 to $1.50 per diluted share for the fiscal year. * Core operating m
Slide 12: Second Quarter 2008 Guidance
Second Quarter 2008 Guidance Net revenue is estimated to be in a range of $3.0 billion to $3.1 billion. Core operating margin is expected to be in a range of 2.2 percent to 2.4 percent. Core EPS* is estimated to be in a range of $0.16 to $0.20 per diluted share for the second fiscal quarter. * Core
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