Q4 FY2021 Logitech Results
FORWARD-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 months and full fiscal year ended March 31, 2021, long-term growth and growth opportunities, trends and behaviors,
long-term strategy, trends in our product categories, our commitment to carbon labeling, hybrid work and its expected impact on us, product demand, product
supply, gross margin, gross margin target range, marketing and promotional spending, operating expense investments, innovation across our product portfolio,
inventory, investment priorities, plans and opportunities, growth and profitability, share repurchase program, share repurchases, fiscal year 2021 dividend proposal,
fiscal year 2022 outlook, and related assumptions. These statements are subject to risks and uncertainties that may cause actual results and events to differ
materially, including without limitation: 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
ariability and sup shortages; 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 our products and marketing strategies fail to separate our products from competitors' products; if we are not able to maintain and
enhance our brands; the COVID-19 pandemic and its potential impact; if we do not efficiently manage our spending; 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 policies and
agreements and the imposition of tariffs that affect our products or operations and our ability to mitigate; risks associated with acquisitions; the effect of changes
to our effective income tax rates. These and other risks and uncertainties are detailed in Logitech's filings with the Securities and Exchange Commission (SEC),
including its Annual Report on Form 10-K for the fiscal year ended March 31, 2020, its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2020
and its 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 (credits), loss (gain) on investments, non-GAAP income tax adjustment, and other items detailed under "Supplemental Financial Information"
in our quarterly earnings press release and posted to our website at http://ir.logitech.com. Historical GAAP and corresponding non-GAAP measures are provided with
our earnings releases and presentations in the Investors section of our website. 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.View entire presentation