Q2 Fiscal Year 2023 Financial Results

Made public by

sourced by PitchSend

5 of 9

Creator

logitech logo
Logitech

Category

Technology

Published

2022

Slides

Transcriptions

#1logitech Q2 Fiscal Year 2023 Financial Results October 24, 2022 Y ↑#2FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding: our preliminary financial results for the three and six months ended September 30, 2022, executive leadership, secular trends and opportunities, operational performance, product innovation, product launches, our near term plans, our long-term strategy, future growth and efficiencies, restructuring and reduction in expenses and their timing, and Fiscal Year 2023 outlook for sales growth and non-GAAP operating income, and related assumptions. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially, including without limitation: macroeconomic and geopolitical conditions and other factors and their impact, including the COVID-19 pandemic, the war in Ukraine, changes in inflation levels and monetary policies; if our product offerings, marketing activities and investment prioritization decisions do not result in the sales, profitability or profitability growth we expect, or when we expect it; if we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories; if we do not successfully execute on our growth opportunities or our growth opportunities are more limited than we expect; the effect of demand variability, supply shortages, and other supply chain challenges; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if we are not able to maintain and enhance our brands; if our products and marketing strategies fail to separate our products from competitors' products; if we do not efficiently manage our spending; our expectations regarding our restructuring efforts, including the timing thereof; if there is a deterioration of business and economic conditions in one or more of our sales regions or product categories, or significant fluctuations in exchange rates; changes in trade regulations, policies and agreements and the imposition of tariffs that affect our products or operations and our ability to mitigate; if we do not successfully execute on strategic acquisitions and investments; risks associated with acquisitions; and the effect of changes to our effective income tax rates. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in Logitech's periodic filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the fiscal year ended March 31, 2022, our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, and our subsequent reports filed with the SEC, available at www.sec.gov, under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this presentation. To facilitate comparisons to Logitech's historical results, we have included non-GAAP adjusted measures in this presentation, which exclude primarily share-based compensation expense, amortization of intangible assets, acquisition-related costs, change in fair value of contingent consideration for business acquisition, restructuring charges, loss on investments, non-GAAP income tax adjustment, and other items detailed under "Supplemental Financial Information" in our earnings press release and posted to our website at http://ir.logitech.com. We also present percentage sales growth in constant currency ("CC") to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period's average exchange rate for that currency and comparing that to current period sales. Logitech believes this information will help investors to evaluate its current period performance, outlook and trends in its business. For historical financials provided in this presentation, reconciliation between non-GAAP amounts and GAAP amounts is provided on the Investors page of our website, together with this presentation and with our earnings releases. With respect to financial outlook, most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy. Therefore, no reconciliation to GAAP amounts has been provided for non-GAAP outlook.#3What's New From Logitech? Goutte logitech#4VIDEO COLLABORATION Logitech Sight Al Camera Logitech announced the Sight Al Camera, to be released in 2023. Sight is an Al-powered tabletop camera that works with Rally Bar or Rally Bar Mini to capture the best perspective of meeting participants, and track conversation as they move around the conference room. It's the next step in Logitech's quest to create an equitable experience for remote and in-room meeting participants. logi#5GAMING PRO Racing Wheels PRO Racing Pedals Logitech launched two professional-grade racing products designed especially for professional sim drivers. Together, the PRO Racing wheels and Racing pedals deliver unmatched realism, driver information and connection to the car without any delay or abstraction that professional sim racers demand. TRUE ORCE PRO (₁ WHERE PHYSICS MEETS THE ROAD. logitech G A ****** ILLE BIOTECH SP splunks wnow PRO LANDO NORRIS | McLaren#6GAMING Logitech G CLOUD Logitech launched of the highly anticipated Logitech G CLOUD Gaming Handheld, a gaming device for cloud gaming. This device includes precision gaming controls, a full 1080p HD screen, amazing battery life, and a lightweight, sleek form factor that enables players to enjoy libraries of PC and console games from the cloud in a fun, new way. BK PLAY STORE Google Play k X 11:58 PMYD ក#7KEYBOARDS & COMBOS "Designed for Mac" collection of products Logitech unveiled a new "Designed for Mac" collection of products that are designed to seamlessly integrate with a variety of Mac setups. The new MX Mechanical Mini for Mac, MX Master 3S for Mac, Lift for Mac and K380 for Mac deliver performance, are designed for both comfort and style, and are available in a new Blueberry color. shirt Q û 109 F1 tab 11 cops 219 F2 shift ctri 2@ Q A opt P 3# W Z S D F4 45 E cmd X X D FS 5% R F C 25 F6 6* T logi Q G V 17 7 & Y H B wwws 6 18 8 U 4 19 J N 91 1 K M F10 01 O .. m 912 -=+ K380 and Lift for Mac 9 11 11 13 MA W ww MX Mechanical Mini & MX Master 3S for Mac 900#8SUSTAINABILITY Logitech was ranked among the top 1% of sustainable companies by EcoVadis PLATINUM Top 1% 2022 ecovadis Sustainability Rating Logitech was awarded a Platinum rating from EcoVadis, one of the world's largest providers of business sustainability ratings. A Platinum rating acknowledges the scope and ambition of our sustainability efforts. This places Logitech in the top 1% of sustainability rated companies, having been previously Gold rated at top 5% of rated companies for several years. DESIGNING A POSITIVE FUTURE Helping ALL people pursue their passions.... in a way that is good for people and planet. What Sets Logitech Apart CO₂e CONTINE WEST GERARA G502 G foglach CLIMATE POSITIVE APPROACH BY 2030 100% Certified Carbon Neutral LIGHTSPEED Boring Mouse Souporning so 8.20 kg CO₂e DESIGN FOR SUSTAINABILITY MX MECHANICAL: 40% carbon avoided through DfS design decisions CARBON CLARITY 100% Products labeled by 2025 Certified Carbon Neutral SIGNATURE M650 MOUSE: 22% less carbon impact vs M510 NEXT LIFE PLASTICS 1 in 3 products use 2nd life materials K BETERE S logi 8#9FINANCIAL RESULTS

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

1st Quarter 2021 Earnings Presentation image

1st Quarter 2021 Earnings Presentation

Technology

Rackspace Technology Q4 2022 Earnings Presentation image

Rackspace Technology Q4 2022 Earnings Presentation

Technology

CBAK Energy Technology Investor Presentation image

CBAK Energy Technology Investor Presentation

Technology

Jianpu Technology Inc 23Q1 Presentation image

Jianpu Technology Inc 23Q1 Presentation

Technology

High Performance Computing Capabilities image

High Performance Computing Capabilities

Technology

SOLOMON Deep Learning Case Studies image

SOLOMON Deep Learning Case Studies

Technology

1Q20 Earnings image

1Q20 Earnings

Technology

Nutanix Corporate Overview image

Nutanix Corporate Overview

Technology