Finisar Corporation Company Overview

Transcription

1 Finisar Corporation Company Overview January

2 Safe Harbor This presentation contains forward-looking statements as defined under the Private Securities Litigation Act of Except for historical information, the matters discussed in this presentation contain forward-looking statements regarding future trends or events that involve risks and uncertainties. Please be aware that these statements are only predictions and that actual events or results may differ materially. Refer to the Company s Form 10-K and other interim reports as filed with the Securities and Exchange Commission for a discussion of those risk factors. The Company assumes no obligation to update the information in this presentation. References to financial measures in this presentation will include references to non-gaap financial measures. In addition to reporting financial results in accordance with U.S. GAAP, Finisar provides supplemental information regarding its operating performance on a non-gaap basis. Finisar believes this supplemental information provides investors and management with additional insight into its underlying core operating performance by excluding a number of non-cash and cash charges, as well as gains or losses that occur relatively infrequently and/or that management considers to be outside of our on-going core operating results. Finisar provides a complete reconciliation between GAAP and non-gaap financial results information in its earnings release which is posted in the investors relations section of the company s web site at 2

3 Finisar at a Glance Optical Communications Solutions for Datacom Telecom 3D Sensing $1.3+ Billion Revenue FY18 Optical Components Market Leader (Source: Ovum) ~12,000+ Employees Worldwide 1,000+ World-Class Engineers History of innovation 1,300+ US Patents 3

4 #1 Optical Components Market Share Leader Total Market Share CY17 Source: Ovum (April 2018) Others 44.8% Finisar 14.4% NeoPhotonics 3.1% Fujitsu Optical Components, 3.3% Acacia 4.0% II-VI 4.8% Sumitomo 5.5% Accelink 6.1% Oclaro 6.5% Lumentum 7.5% 4

5 Global Presence Sunnyvale, CA Fremont, CA Manufacturing Sites R&D Centers IT Support Center International Purchasing Office Champaign, IL Horsham, PA Sherman, TX Allen, TX Jarfalla, Sweden Berlin, Germany Wuxi, China India Ipoh, Malaysia Shanghai, China Shenzhen, China Sydney, Australia 5

6 Heritage of Technology Creating the Industry s Broadest Portfolio of Optical Communication Products (transceivers) (VCSELs) Note: Not a complete list of acquisitions 6

7 Key Fundamental Component Technologies InP Datacom Transceiver Technology Telecom Transceiver Technology ROADMs WSS Optics GaAs High-Speed VCSEL 3D Sensing High-Speed Edge-Emitter DML Coherent Tunable Laser High-Speed Detector LCoS 2D VCSEL Array Tunable DBR Laser InP Modulator Diffraction Gratings Laser Driver Transimpedance Amplifier Clock & Data Recovery Silicon Photonics PIC + EIC Integrated Circuits 7

8 Datacom The Modern Data Center Massive deployments of 25G, 100G, 200G and 400G optics are driven by large growth of ethernet traffic in Cloud Data Centers Enterprise Data Centers are also driving 32GFC optics deployments in Storage applications and starting to deploy 40G and 100G optics for ethernet Optical Components Market Expected to Grow 12% (CAGR) from * *LightCounting OC Market Forecast October

9 Telecom Transforming Telecom Networks 4G and 5G Mobile front-haul networks driving large deployments of 10G, 25G and 100G optics Large growth of Carrier and Metro Data Center (DCI) networks Tunable DWDM SFP+ modules are widely deployed in transport systems on 10G and 25G links Coherent transmission is the technology of choice for link speeds of 100G and beyond Dual Wavelength Selective Switches (WSS) enabling a new generation of Route & Select ROADMs Optical Components Market Expected to Grow 12% (CAGR) from * *LightCounting OC Market Forecast October

10 3D Sensing Infrared Light for Sensing, Measuring and Controlling our Environment Finisar technology provides high-performance, high-efficiency and low cost IR sources for high-power illumination Vertical Cavity Surface-Emitting Laser (VCSEL) sources Diffractive micro-optics for shaping, diffusing and splitting light Advanced packaging solutions 3D Imaging and Sensing Market Expected to Grow to $18.5B (44% CAGR) by 2023* *3D Imaging & Sensing Report, 2018 Edition, Yole Development 10

11 Annual Revenue (US$ in millions) CAGR 12.3% $1,157 $1,251 $1,263 $1,452 $1,316 $949 $953 $934 $630 $326 $381 $402 $497 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 11

12 FY19 Quarterly Non-GAAP Results $ Millions (except EPS) Q1-19 Q2-19 Revenue $317.3 $325.4 Gross margin 27.5% 28.3% Operating profit $18.8 $28.6 Operating margin 5.9% 8.8% EPS $0.18 $

13 Executive Summary Optics industry leader with $1.3B annual revenue Broadest and most advanced product portfolio Vertically integrated with low cost manufacturing Experienced management team ~12,000 employees issued U.S. patents 13