Investor Presentaiton
History of Insightful Targeting and Successful Integration of Strategic Acquisitions
10 Years of Continuous Revenue Growth
CAGR 20%
Increased efficiencies
II-VI
5 Transformative Acquisitions:
2022 - Laser sources & systems (4)
2019 - Indium phosphide technology platform
2016 - Epitaxial wafer and SiC electronic devices
2013 - Gallium arsenide technology platform
2010 Optical networks & China market
Finisar
Acquisition
Bolstered Scale
$2,380
Revenue ($M) $3,106
Q4FY21 OpEx as % of Revenue
Without amortization and stock-based
compensation, and transaction costs
26%
-600 bps
20%
21% (3)
Q4FY21 Non-GAAP Gross Margins
39%
40% (3)
31%
+800 bps
$1,362
$1,159
$972
$827
$683 $742
$487 $516
$551
FY11
FY12 FY13 FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
(1)
Figures prior to FY2019 do not reflect the adoption of ASC 606.
PF(2) Q1 FY20
Q4 FY21
(2)
(3)
(4)
Prepared in accordance to ASC 805. Pro Forma includes the revenue of Finisar in Q1FY20 prior to the acquisition date of 9/24/20.
FY21 actual. See Appendix for reconciliation to most comparable GAAP measures.
Acquisition in process as of June 30, 2021.
Copyright 2021, II-VI Incorporated. All rights reserved.
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