Investor Presentaiton
Attractive and Increasing Gross and Operating Margins
Strong Execution and Synergy Realization Post Finisar Transaction Close Driving Margins
Non-GAAP Gross Margin (1)
Non-GAAP Operating Margin (1)
42%
42%
40%
39%
39%
38%
38%
31% i
16%
9%
13%
I
1
22%
19%
18% 18%
17%
T
Last Quarter
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21
Before Close (2)
IIVI FINISAR IM
Last Quarter
Before Close (2)
IIVI FINISAR IIVI
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21
ר
(1)
All non-GAAP amounts exclude certain adjustments for share-based compensation, acquired intangible amortization expense, certain one-time transaction expenses, debt extinguishment expense, fair value measurement period
adjustments and restructuring and related items. See Appendix for reconciliation to most comparable GAAP measures.
(2)
II-VI figures are for the three months ended September 30, 2019 and Finisar figures are for the three months ended July 28, 2019.
II-VI
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