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Fiscal 1Q 2021 Earnings Call Supplementary Slides November 5, 2020
November 5, 2020 Cautionary Language Concerning Forward -Looking Statements
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 totheCompany’s filings with theSecurities andExchange Commission, including our
annual report onForm 10-Kfiled August 24,2020 and ourquarterly reports onForm 10-Qfiled
November 5,2019 ,February 6,2020 andMay 7,2020 foradditional factors thatcould cause actual
results tomaterially differ from current expectations .The forward -looking statements included inthis
presentation arevalid only asoftoday’s date except where otherwise noted .Viavi Solutions Inc.
undertakes noobligation toupdate these statements .
This presentation andtheQ&A thatfollows include non-GAAP financial measures which complement
theCompany’s preliminary consolidated GAAP financial statements .These non-GAAP financial
measures arenotintended tosupersede orreplace theCompany’s preliminary GAAP financials .We
provide adetailed reconciliation ofpreliminary GAAP results tothenon-GAAP results intheAppendix
tothispresentation andinthe“Preliminary Reconciliation ofGAAP Measures toNon-GAAP Measures”
schedule inourearnings release issued today .This earnings release islocated intheInvestor
Relations section ofourwebsiteathttps ://investor .viavisolutions .com.
Note :Amounts presented inallslides areonacontinuing operations basis unless otherwise noted .Fiscal 1Q 2021 Financial Highlights
(Amounts reflect non -GAAP and in $millions, unless otherwise noted)
All non -GAAP amounts are reconciled to the corresponding GAAP amounts in the Appendix beginning on slide 13.Result Y/Y Performance
(exceeded $270M +/ -$12M guidance range)$284.7 down (5.0)%
Non-GAAP Gross Margin 62.8% up 150 basis points
NE 63.8% down 60 basis points
SE 66.8% up 650 basis points
OSP 60.3% up 620 basis points
Non-GAAP Operating Margin
(exceeded 17.3% +/ -1% guidance range)21.3% up 370 basis points
NSE 7.2% down (290) basis points
OSP 46.7% up 870 basis points
(exceeded $0.15 +/ -$0.01 guidance range)$0.21 up 16.7%
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