Slide 1: Company Overview
Company Overview February 6, 2023
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical
Slide 3: Company Overview
Company Overview Global leader in advanced precision optical/ electronic/mechanical manufacturing services Fabrinet UK Calne, Wiltshire, UK VitroCom Fabrinet Israel Focus on high-mix/low-volume mission- Mountain Lakes, NJ Yokneam, Israel Fabrinet West Casix critical components and modules Santa Clar
Slide 4: Products We Manufacture
Products We Manufacture Optical Industrial Lasers Automotive Optical Sensing Communications ◼ Transceivers ◼ Fiber Lasers ◼ LIDAR ◼ LIDAR ◼ Modulators ◼ Solid-State Lasers ◼ EV Charging ◼ 3D Sensing ◼ Optical Amplifiers ◼ Gas Lasers ◼ LED & Laser ◼ AR/VR Systems ◼ ROADM ◼ Ultrafast Lasers Lighting ◼
Slide 5: Efficient Global Manufacturing Footprint
Efficient Global Manufacturing Footprint Scalable Optical & Electro-Mechanical Assembly Customized Optics Quick-turn NPI Services Santa Clara, USA Fabrinet West Fuzhou, China Bangkok, Thailand Casix Pinehurst campus Calne, UK Fabrinet UK New Jersey, USA Chonburi, Thailand VitroCom Chonburi campus Yo
Slide 6: Investment Highlights
Investment Highlights ✓ Large & Growing Addressable Markets ✓ Differentiated Business Model with Significant Barriers to Entry Unique Expertise in Precision Manufacturing Technologies ✓ Geared To Next-Generation Products in Diverse Industries ✓ Strong Relationships With Industry Leading OEMs ✓ Demon
Slide 7: Strong Revenue Trends
Strong Revenue Trends Quarterly Consolidated Revenue US$MM 800.0 655.4 668.7 700.0 587.9 564.4 543.3 566.6 600.0 479.3 509.6 500.0 411.2 436.6 453.8 405.1 400.0 300.0 200.0 100.0 0.0 Mar'20 Mar'21 Mar'22 Jun '20 Jun '21 Jun '22 Sep'20 Sep'21 Sep'22* Dec'20 Dec'21 Dec'22 Optical communications Non-op
Slide 8: Consistent Profitability Through the Cycles
Consistent Profitability Through the Cycles Non-GAAP gross margin and non-GAAP operating margin (1) % of Sales 15.0% 12.1% 12.6% 12.5% 13.0% 10.3% 10.4% 10.9% 9.5% 10.0% 5.0% 0.0% FY2021 FY2022 2Q22 2Q23 Gross margin Operating margin ROIC (2) (1) Excludes share based compensation, executive separati
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials US$MM, except per share figures 3 months ended 30-Dec-22 24-Dec-21 Revenue 668.7 566.6 ◼ Q2 revenue of $668.7 million Y-o-Y change 18% 25% was above the guidance range Gross profit (non-GAAP) (1) 86.9 70.8 ◼ Q2 non-GAAP operating margin was a record 10.9%
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth Selected Items US$MM As of Dec 30, 2022 Cash, cash equivalents (1) 527.6 Working capital (2) 618.1 Property, plant & equipment, net 302.3 Total debt (3) 18.2 Total shareholders’ equity 1,384.1 (1) Cash & cash equivalents include marketable securities and restricted cash
Slide 11: Appendix
fabrinet . mm >) —< a TRUSTED MANUFACTURING PARTNER OF THE WORLD'S LEADING OEMS Appendix
Slide 12: Non-GAAP Reconciliation of Gross Margin and Operating Margin
Non-GAAP Reconciliation of Gross Margin and Operating Margin Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin (in thousands of U.S. dollars) Three Months Ended Twelve Months Ended December 30, September 30, December 24, June 24, June 25, 20
Slide 13: Non-GAAP Reconciliation of Net Profit and EPS
Non-GAAP Reconciliation of Net Profit and EPS Fabrinet Reconciliation of GAAP measures to non-GAAP measures (in thousands of U.S. dollars, except per share data) Three Months Ended December 30,2022 September 30,2022 December 24,2021 Net income Diluted EPS Net income Diluted EPS Net income Diluted EP
Slide 14: Revenue Mix
Revenue Mix F2Q21 F3Q21 F4Q21 F1Q22 F2Q22 F3Q22 F4Q22 F1Q23 F2Q23 Optical Communications 77% 75% 76% 79% 80% 78% 79% 76% 76% Datacom 21% 22% 20% 21% 22% 19% 20% 19% 22% Telecom 79% 78% 80% 79% 78% 81% 80% 81% 78% Non-Optical Communications 23% 25% 24% 21% 20% 22% 21% 24% 24% Optical and non-optical