GlobalFoundries Results Presentation Deck
Key Q4'21 Guidance4
($ in millions, except per share data)
Low-end
Revenue
3.
4.
Adj. Gross Profit(1,3)
Adj. Operating
Profit (1,3)
Adj. EBITDA (2,3)
Adj. EPS(1,3)
$1,800m
$344m
$92m
$510m
$0.09
Mid-point
$1,815m
$352m
$102m
$520m
$0.11
High-end
$1,830m
$359m
$112m
$530m
$0.13
Note:
1.
Adjusted gross profit (loss), operating profit (loss) and EPS for a particular period is defined as gross profit (loss), operating profit (loss) and EPS before share-based compensation expense, respectively
2. Adjusted EBITDA is defined as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization adjusted for share-based compensation expense, one-time transaction gains and associated expenses, one-time restructuring charges and litigation settlements
Adjust margins are defined as adjusted profit (loss) divided by revenue for a particular period (using definitions of adjusted gross profit, adjusted operating profit, and adjusted EBITDA)
The guidance provided above contains a number of assumptions, is based on current plans and expectations and is subject to a number of known and unknown certainties and risks. The information presented here is forward-looking and reflects expectations as of November 30, 2021. We assume no
obligation to update this statement. Results may be materially different and are affected by many factors detailed in our SEC filings. GF has not provided a reconciliation of its Fourth Quarter fiscal quarter outlook for non-IFRS gross margin, non-IFRS operating profit margin, non-IFRS EPS or Non-IFRS
Adjusted EBITDA Margin because estimates of all of the reconciling items cannot be provided without unreasonable efforts. It is difficult to reasonably provide a forward-looking estimate between such forward-looking non-IFRS measures and the comparable forward-looking IFRS measures. Certain
factors that are materially significant to GF's ability to estimate these items are out of its control and/or cannot be reasonably predicted.
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