Lumentum Holdings Inc. · NASDAQ:LITE

Lumentum — Q2 FY2017 Earnings Presentation

9 slides from Lumentum's earnings presentation, Feb 7, 2017

  1. Slide 1: Q2 FY17 Conference Call

    Q2 FY17 Conference Call February 7, 2017

  2. Slide 2: Forward Looking Statement and Financial Presentation

    © 2017 Lumentum Operations LLC Forward Looking Statement and Financial Presentation This presentation 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

  3. Slide 3: Q2 FY17 Results (GAAP)

    © 2017 Lumentum Operations LLC Q2 FY17 Results (GAAP) $ millions except for EPS, % of revenue Q2 FY17 Q1 FY17 Q2 FY16 Revenue $265.0 $258.1 $218.3 Gross Margin 87.0 32.8% 81.7 31.7% 68.1 31.2% Operating Expenses 73.7 27.8% 64.9 25.1% 61.9 28.4% Operating income 13.3 5.0% 16.8 6.5% 6.2 2.8% EPS (dilu

  4. Slide 4: Q2 FY17 Results (Non-GAAP)

    © 2017 Lumentum Operations LLC Q2 FY17 Results (Non-GAAP) $ millions except for EPS, % of revenue Q2 FY17 Q1 FY17 Q2 FY16 Revenue $265.0 $258.1 $218.3 Gross Margin 97.9 36.9% 88.2 34.2% 71.3 32.7% Operating Expenses 58.9 22.2% 55.5 21.5% 51.7 23.7% Operating income 39.0 14.7% 32.7 12.7% 19.6 9.0% EP

  5. Slide 5: Highlights (Non-GAAP – except balance sheet items)

    © 2017 Lumentum Operations LLC Q2 FY17 Highlights (Non-GAAP – except balance sheet items)  Gross Margins up 270 bps and Operating Margin up 200 bps sequentially primarily due to improved mix of products - 100G datacom, submarine, pumps, and WSS modules.  100G Datacom products up approximately 124%

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

    © 2017 Lumentum Operations LLC Q2 FY17 Segment Results (Non-GAAP) $ millions Q2 FY17 Q1 FY17 Q2 FY16 Revenue $265.0 $258.1 $218.3 Optical Communications 236.6 218.3 185.8 Telecom 160.1 165.6 137.9 Datacom 68.1 44.2 35.0 Industrial & Consumer(1) 8.4 8.5 12.9 Commercial Lasers 28.4 39.8 32.5 Gross Mar

  7. Slide 7: Balance Sheet

    © 2017 Lumentum Operations LLC Balance Sheet 7 Selected Items - $ millions Q2 FY17 Q1 FY17 Cash and Cash Equivalents $155.9 $166.8 Working Capital(1) 169.7 159.0 Property, Plant & Equipment, net 219.6 196.0 Total Assets 796.7 737.5 Total Liabilities 244.5 206.0 Shareholder’s Equity(2) 552.2 531.5 (1

  8. Slide 8: Q3 FY17 Guidance (Non-GAAP)

    © 2017 Lumentum Operations LLC Q3 FY17 Guidance (Non-GAAP) 8 $ millions except for EPS, % of revenue Q2 FY17 Actual Q3 FY17 Estimate Revenue $265M $250M - $265M Operating Margin 14.7% 12.5 – 14.0% EPS (diluted) $0.57 $0.46 – $0.54 Guidance provided is based on our expectations as of today and will n

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