OCLARO, INC. - FORM 8-K - EX-99.2 - EXHIBIT 99.2

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EX-99.1 - EXHIBIT 99.1 - OCLARO, INC.	q2-18exhibit991.htm
8-K - 8-K Q218 EPR - OCLARO, INC.	oclrform8-kq2x18epr.htm

Q2 FY 2018 Investor Call Greg Dougherty Chief Executive Officer February 5, 2018 Pete Mangan Chief Financial Officer

© 2018 Oclaro, Inc. Safe Harbor Statement This presentation, in association with Oclaro’s second quarter of fiscal year 2018 financial results conference call, contains statements about management’s future expectations regarding the plans or prospects of Oclaro and its business, and together with the assumptions underlying these statements, constitute forward-looking statements for the purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Investors should not unduly rely on such forward-looking statements. These forward-looking statements include statements concerning (i) financial guidance for the fiscal quarter ending March 31, 2018 regarding revenues, non-GAAP gross margin, and non-GAAP operating income, (ii) customer demand for Oclaro’s products, (iii) Oclaro’s future financial performance and operating prospects and (iv) the statements in our CEO’s quote. Such statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain words such as “anticipate,” “estimate,” “expect,” “forecast,” “project,” “intend,” “plan,” “believe,” “will,” “should,” “outlook,” “could,” “target,” “model,” "objective," and other words and terms of similar meaning in connection with any discussion of future operations or financial performance. There are a number of important factors that could cause our actual results or events to differ materially from those indicated by such forward-looking statements, including (i) our dependence on a limited number of customers for a significant percentage of our revenues, (ii) competition and pricing pressure, (iii) the absence of long-term purchase commitments from many of our long-term customers, (iv) our ability to effectively manage our inventory, (v) our ability to meet or exceed our gross margin expectations, (vi) our ability to timely develop, commercialize and ramp the production of new products to customer required volumes, (vii) the effects of fluctuations in foreign currency exchange rates, (viii) our ability to respond to evolving technologies, customer requirements and demands, and product design challenges, (ix) potential operating or reporting disruptions that could result from the implementation of our new enterprise resource planning system, (x) our manufacturing yields, (xi) our ability to conclude agreements with our customers on favorable terms, (xii) the risks associated with delays, disruptions or quality control problems in manufacturing, (xiii) fluctuations in our revenues, growth rates and operating results, (xiv) changes in our effective tax rates or outcomes of tax audits or similar proceedings, (xv) our ability to obtain governmental licenses and approvals for international trading activities or technology transfers, including export licenses, (xvi) our dependence on a limited number of suppliers and key contract manufacturers, (xvii) the impact of financial market and general economic conditions in the industries in which we operate and any resulting reduction in demand for our products, (xviii) our ability to protect our intellectual property rights, (xix) the risks associated with our international operations, and (xx) other factors described under the caption "Risk Factors" and elsewhere in the documents we periodically file with the SEC.

© 2018 Oclaro, Inc. Non-GAAP Financial Results $ in Millions (except per share amounts) Q217 Q118 Q218 Total Revenues 153.9 155.6 139.3 Gross Profit (non-GAAP) (1) 61.2 63.1 53.6 Gross Margin % 39.8% 40.6% 38.4% R&D (non-GAAP) 13.2 15.6 14.5 SG&A (non-GAAP) 11.8 13.0 14.6 Non-GAAP Operating Income 36.2 34.6 24.5 Non-GAAP Net Income 36.3 34.5 23.1 Non-GAAP EPS (diluted) 0.21 0.20 0.14 (1) See reconciliation to comparable GAAP numbers in financial tables of press release dated February 5, 2018.

© 2018 Oclaro, Inc. Revenue By Product Group $ in Millions Q217 Q317 Q417 Q118 Q218 100G+ Transmission 113.8 125.8 120.6 125.6 105.4 40G & Lower Transmission 40.1 36.4 28.8 30.0 34.0 Total Revenues 153.9 162.2 149.4 155.6 139.3 Percent of Total 100G+ Transmission 74% 78% 81% 81% 76% 40G & Lower Transmission 26% 22% 19% 19% 24% $ in Millions Q217 Q317 Q417 Q118 Q218 Datacom/Client Side 69.8 75.8 72.6 75.1 64.9 Telecom/Line Side 84.1 86.4 76.8 80.5 74.4 Total Revenues 153.9 162.2 149.4 155.6 139.3 Percent of Total Datacom/Client Side 45% 47% 49% 48% 47% Telecom/Line Side 55% 53% 51% 52% 53% Numbers may not foot due to rounding

© 2018 Oclaro, Inc. Q3 FY2018 Guidance $ in Millions Guidance Ranges Revenues $120 million - $128 million Non-GAAP Gross Margin % 34% - 37% Non-GAAP Operating Income $13 million - $17 million Guidance provided on February 5, 2018 for the quarter ending March 31, 2018.

OCLARO, INC. - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - February 5, 2018

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