Viavi Solutions Investor Presentation — February 2020 - Viavi Solutions Inc.

Viavi Solutions Inc. Oleg Khaykin President and Chief Executive Officer22ndAnnual Needham Growth Conference 2020

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Viavi Solutions Inc.

President and Chief Executive Officer22ndAnnual Needham

Growth Conference 2020Safe Harbor

This presentation contains forward -looking statements under Section 27AoftheSecurities Actof1934 .

Forward -looking statements areallstatements wemake other than those dealing specifically with historical

matters .These forward -looking statements include, among other things, financial guidance .Please refer tothe

Company’s filings with theSecurities andExchange Commission, including ourannual report onForm 10-K

filed August 27,2019foradditional factors that could cause actual results tomaterially differ from current

expectations .The forward -looking statements included inthispresentation arevalid only asoftoday’s date

except where otherwise noted .Viavi Solutions Inc.undertakes noobligation toupdate these statements .

This presentation and theQ&A that follows include non-GAAP financial measures which complement the

Company’s consolidated GAAP financial statements .These non-GAAP financial measures arenotintended to

supersede orreplace theCompany’s GAAP financials .Weprovide adetailed reconciliation ofGAAP results to

thenon-GAAP results intheAppendix tothispresentation .

Note :Amounts presented inallslides areonacontinuing operations basis unless otherwise noted .

•Significant spending cut by North

American Service providers

•Cyclical slowdown in Anti -Counterfeiting in

•Delays in some technology transitions in

•Macro uncertaintiesDelivered on 3 -Year Financial Commitment

GuidanceFY19 Results

$0.45 -$0.5517% to 19%

•Surgically reduced cost and improved

efficiencies across -the-board

•Invested in growth: 3D Sensing, Fiber,

Wireless, DOCSIS 3.1, 400GbE

•Value enhancing acquisitions in secular

•Refinanced old convertible debt ✓

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