Re sults for Q4 F isc al 2020 E a rning s Anno unc e me nt: Ma y - PowerPoint PPT Presentation

Re sults for Q4 F isc al 2020 E a rning s Anno unc e me nt: Ma y 7, 2020 (Qua rte r E nde d Ma rc h 31, 2020) 0

Risks and Non- GAAP Disc losur e s T his pre se nta tio n c o nta ins fo rwa rd-lo o king sta te me nts within the me a ning o f U.S. se c uritie s la ws, inc luding sta te me nts re la te d to future e xpe c te d re ve nue s a nd e a rning s pe r sha re a nd me a sure s tha t we a re ta king to re spo nd to the c ha lle ng e s pre se nte d b y the COVI D-19 pa nde mic a nd the re sulting e c o no mic disruptio ns. T he se fo rwa rd-lo o king sta te me nts invo lve risks a nd unc e rta intie s tha t c o uld c a use the a c tua l re sults to diffe r ma te ria lly fro m tho se a ntic ipa te d b y the se fo rwa rd-lo o king sta te me nts. Re a de rs a re c a utio ne d no t to pla c e undue re lia nc e o n the se fo rwa rd-lo o king sta te me nts. T he se risks inc lude : the e ffe c ts o f the COVI D-19 pa nde mic o n o ur b usine ss, re sults o f o pe ra tio ns a nd fina nc ia l c o nditio n; tha t future re ve nue s a nd e a rning s ma y no t b e a c hie ve d a s e xpe c te d; the e ffe c ts tha t the c urre nt ma c ro e c o no mic e nviro nme nt c o uld ha ve o n o ur b usine ss a nd de ma nd fo r o ur pro duc ts; the e ffe c ts tha t c urre nt c re dit a nd ma rke t c o nditio ns c o uld ha ve o n the liq uidity a nd fina nc ia l c o nditio n o f o ur c usto me rs a nd supplie rs, inc luding a ny impa c t o n the ir a b ility to me e t the ir c o ntra c tua l o b lig a tio ns; the c ha lle ng e s o f e ffe c tive ly ma na g ing o ur o pe ra tio ns, inc luding o ur a b ility to c o ntro l c o sts a nd ma na g e c ha ng e s in o ur o pe ra tio ns; litig a tio n a nd re g ula to ry inve stig a tio ns a nd pro c e e ding s; c o mplia nc e with le g a l a nd re g ula to ry re q uire me nts; the po ssib ility tha t b e ne fits o f the Co mpa ny’ s re struc turing a c tio ns ma y no t ma te ria lize a s e xpe c te d; tha t the e xpe c te d re ve nue a nd ma rg ins fro m re c e ntly la unc he d pro g ra ms ma y no t b e re a lize d; o ur de pe nde nc e o n a sma ll numb e r o f c usto me rs; the impa c t o f c o mpo ne nt sho rta g e s, inc luding the ir impa c t o n o ur re ve nue s; g e o po litic a l risk, inc luding the te rmina tio n a nd re ne g o tia tio n o f inte rna tio na l tra de a g re e me nts a nd tra de po lic ie s, inc luding the impa c t o f ta riffs a nd re la te d re g ula to ry a c tio ns; a nd tha t re c e ntly pro po se d c ha ng e s o r future c ha ng e s in ta x la ws in c e rta in jurisdic tio ns whe re we o pe ra te c o uld ma te ria lly impa c t o ur ta x e xpe nse . I n a dditio n, the COVI D-19 pa nde mic inc re a se s the like liho o d a nd po te ntia l se ve rity o f ma ny o f the fo re g o ing risks. T he ma king o f a ny sta te me nt in o ur pre se nta tio n do e s no t c o nstitute a n a dmissio n b y F le x o r a ny o the r pe rso n tha t the e ve nts o r c irc umsta nc e s d e sc rib e d in suc h sta te me nt a re ma te ria l. Additio na l info rma tio n c o nc e rning the se a nd o the r risks is de sc rib e d unde r “Risk F a c to rs” a nd “Ma na g e me nt’ s Disc ussio n a nd Ana lysis o f F ina nc ia l Co nditio n a nd Re sults o f Ope ra tio ns” in o ur a nnua l re po rt o n F o rm 10- K fo r the fisc a l ye a r e nde d Ma rc h 31, 2019 a nd o ur q ua rte rly re po rts o n F o rm 10-Q fo r the fisc a l q ua rte rs e nde d Se pte mb e r 27, 2019 a nd De c e mb e r 31, 2019, a nd in the risk fa c to r inc lude d in o ur Curre nt Re po rt o n F o rm 8-K da te d Ma y 7, 2020. T he fo rwa rd-lo o king sta te me nts in this pre ss re le a se a re b a se d o n c urre nt e xpe c ta tio ns a nd F le x a ssume s no o b lig a tio n to upda te the se fo rwa rd-lo o king sta te me nts. Our sha re re purc ha se pro g ra m do e s no t o b lig a te the Co mpa ny to re purc ha se a spe c ific numb e r o f sha re s a nd ma y b e suspe nde d o r te rmina te d a t a ny time witho ut prio r no tic e . Ple a se re fe r to the a ppe ndix se c tio n o f this pre se nta tio n fo r re c o nc ilia tio n o f the No n-GAAP fina nc ia l me a sure s to the mo st dire c tly c o mpa ra b le GAAP me a sure s. I f this pre se nta tio n re fe re nc e s histo ric a l no n-GAAP fina nc ia l me a sure s, the se me a sure s a re lo c a te d o n the “I nve sto r Re la tio ns” se c tio n o f o ur we b site , www.fle x.c o m a lo ng with the re q uire d re c o nc ilia tio n to the mo st c o mpa ra b le GAAP fina nc ia l me a sure s. T he fig ure s pre se nte d in this pre se nta tio n ha ve b e e n ro unde d. T his ma y le a d to individua l va lue s no t a dding up to the to ta ls pre se nte d. T he fo llo wing b usine ss se g me nt a c ro nyms will b e use d thro ug ho ut this pre se nta tio n: Hig h Re lia bility Solutions Industria l a nd Communic a tions a nd Consume r HRS IE I CE C CT G E me rg ing Industrie s E nte rprise Compute T e c hnolog ie s Group He a lth Solutions: Co nsume r He a lth, Me dic a l Dispo sa b le s, Drug De live ry & Ca pita l E q uipme nt, Offic e Clo ud Da ta Ce nte r, I o T -E na b le d De vic e s, Audio a nd Me dic a l E q uipme nt, Dig ita l He a lth. So lutio ns, Ho use ho ld I ndustria l & Co mmunic a tio ns, Co nsume r Po we r E le c tro nic s, Mo b ile L ife style , I ndustria l Auto ma tio n & Ne two rking , Se rve r & Sto ra g e . De vic e s, Supply Cha in So lutio ns fo r Automotive : Auto no mo us, Co nne c tivity, K io sks, E ne rg y & Me te ring , L ig hting . PCs, T a b le ts, a nd Printe rs. E le c trific a tio n, Sma rt T e c hno lo g ie s. 1 1

Busine ss Update Re va thi Adva ithi, CE O 2

COVID- 19 Update Prio ritizing e mplo ye e he a lth a nd sa fe ty a nd pa rtne ring with c usto me rs a nd supplie rs to a ddre ss o ng o ing c ha lle ng e s Sig nific a nt a c tions to- da te inc lude : E a rly re spo nsive ne ss in China a llo we d q uic k re plic a tio n o f he a lth a nd sa fe ty pro to c o l a c ro ss g lo b a l site s • Co o rdina tio n with lo c a l a nd na tio na l o ffic ia ls to c o ntinue c ritic a l pro duc tio n o f e sse ntia l pro duc ts • T o o k ste ps to pre se rve c a sh a nd liq uidity in lig ht o f c urre nt e c o no mic c o nditio ns • E mploye e he a lth a nd Custome r a nd supplie r E na bling c ritic a l produc tion F ina nc ia l stre ng th sa fe ty is pa ra mount support Ra mpe d pro duc tio n o n Ample liq uidity a nd stro ng • • me dic a l e q uipme nt suc h a s b a la nc e she e t 6 millio n+ e mplo ye e 100% o f China wo rkfo rc e • • o xyg e n c o nc e ntra to rs, ho spita l sc re e ning s c o mple te d to - re turne d to site s Cre a te d le a ne r • b e ds, infusio n pumps, a nd da te o rg a niza tio n thro ug ho ut Mo nito ring o ng o ing disruptio ns • dia g no stic de vic e s F Y20 with ta rg e te d SG&A E nha nc e d dista nc ing a nd in c e rta in g e o g ra phie s suc h a s • Be g a n pro duc tio n o f ve ntila to rs e ffic ie nc ie s sa nita tio n pro to c o l I ndia a nd Ma la ysia • a nd ma sks in Q4 Busine ss struc ture d to Ma nda to ry wo rk fro m ho me Ob ta ine d e sse ntia l pro duc tio n • • • Re c e ive d a nd e va lua te d 50+ de live r fre e c a sh flo w during po lic ie s e nfo rc e d in wa ive rs fo r ma jo rity o f site s in • ne w inb o und me dic a l pro g ra ms e c o no mic do wnc yc le s jurisdic tio ns whe re ne e de d a ffe c te d c o untrie s De dic a ting re so urc e s to Ma inta ining inve stme nt F ina nc ia lly a ssisting a ffe c te d Ma na g ing thro ug h e le va te d • • • • a c c e le ra ting me dic a l pro duc t g ra de ra ting re ma ins e mplo ye e s thro ug h F le x le a d time s fo r c e rta in ra mps to 6-12 we e ks c o rpo ra te o b je c tive F o unda tio n o utre a c h c o mpo ne nts 3 3

Ope r ating in a Dynamic E nvir onme nt T ho ug htfully sta ying nimb le in a to ug h e nviro nme nt Our Pe r spe c tive Supplie rs impa c te d de c line d 80% fro m F e b 14 pe a k Supply c ha in • disruption Co mpo ne nt sho rta g e s de c re a se d sig nific a ntly fro m F e b 22 pe a k • L e ve ra g ing pre fe rre d pa rtne r sta tus with supplie rs to e nsure inve nto ry a nd supply c o ntinuity • Co ntinuing to ide ntify a lte rna te so urc e s o f supply • Mo st site s running witho ut ma jo r b usine ss impa c t Ope ra tiona l • disruption Ac tive ly mo nito ring a nd a da pting in Ma la ysia , I ndia , Me xic o a nd Bra zil a s COVI D-19 situa tio n e vo lve s • Co ntinuing to a c tive ly ma na g e va ria b le c o st ma na g e me nt • No c o untry re pre se nts >25% o f g lo b a l PP&E a nd pro duc tio n c a n b e shifte d b e twe e n site s a s ne e de d • 4 4

Q4 F Y2020 F inanc ial Summar y Po rtfo lio ma na g e me nt a nd o pe ra tio na l disc ipline de live re d stro ng pro fita b ility a nd c a sh flo w ADJ. F RE E ADJ. E ARNI NGS ADJ. OPE RAT I NG RE VE NUE PE R SHARE CASH F L OW ($M) I NCOME ($M) ($M) Adj. Ope ra ting $0.34 Ma rg in 6,923 $0.38 4.0% 3.7% 3.8% $0.34 6,461 238 3.3% 256 256 6,226 $0.28 134 129 $0.27 119 207 5,484 204 De c -18 De c -19 Ma r-19 Ma r-20 De c -18 De c -19 Ma r-19 Ma r-20 De c -18 De c -19 Ma r-19 Ma r-20 De c -18 De c -19 Ma r-19 Ma r-20 Q2 Q3 18-Se p 19-Se p 5 5