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Fiscal 1Q 2022 Earnings Call Supplementary Slides November 4, 2021
Fiscal 1Q 2022 Earnings
Call Supplementary Slides
November 4, 2021 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 and Exchange Commission, including our
annual report onForm 10-Kfiled August 23,2021 foradditional factors thatcould cause actual results to
materially differ from current expectations .Theforward -looking statements included inthispresentation
arevalid only asoftoday’s date except where otherwise noted .Viavi Solutions Inc.undertakes no
obligation toupdate these statements .
This presentation andtheQ&A thatfollows include non-GAAP financial measures which complement
the Company’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 to
thispresentation and inthe“Preliminary Reconciliation ofGAAP Measures toNon-GAAP Measures”
schedule inourearnings release issued today .This earnings release islocated intheInvestor Relations
section ofourweb siteathttps ://investor .viavisolutions .com.
Note :Amounts presented inallslides areonacontinuing operations basis unless otherwise noted .Fiscal 1Q 2022 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 1 4.Result Y/Y Performance
(exceeded $310M +/ -$7M guidance range)$326.8 up 14.8%
Non-GAAP Gross Margin62.6%remained relatively
flat(20) basis points
NE64.8% up 100 basis points
SE63.9% down (290) basis points
OSP57.7% down (260) basis points
Non-GAAP Operating Margin
(exceeded 22.0% +/ -0.5% guidance range)22.7% up 140 basis points
NSE13.5% up 630 basis points
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