Addressing Two Critical Topics

Invest & Create

Ramp & Optimize

Expand

Invest & Create

Ramp & Optimize

Expand

Reinventing the Footwear Industry is Difficult to Put on a Timeline

NIKE and Flex are developing a new operating model• Flex is adapting its Platform capabilities for the footwear industry• NIKE is adapting to Design for Automation processes

Targeting profitability during 2H FY19• Automation-enabling growth • Productivity and yield improvement drive efficiency

Multi-billion dollar TAM opportunity; Flex and NIKE are committed partners• High growth• High margins

Mike McNamaraChief Executive Officer

The Power of the Platform

In the Age of Intelligence, Selling a Product is Not Enough . . .

Products Create Value Through Interconnected Systems

Traditional Industry Boundaries are DisappearingCompetencies in a single industry are no longer sufficient

Our Capabilities Across Industries are Unparalleled

Healthcare Automotive Industrial Home Appliances

Capital Equipment

Energy StorageTelecom

Enterprise Compute

AR/VRConnected Living

Mobile

Networking

Building and Construction

Apparel Lighting

Ford

Cisc

o

Joh

n D

ee

re

CG

Gro

up

J &

J

Ne

spre

sso

Wh

irlp

oo

l

In the Age of Intelligence, Cross-Industry Ecosystems are Necessary

Vertically deep, customers benefit from our horizontal breadth

Customers increasingly rely on Flex to provide a broad array of capabilities

Continuously Focused Investment for Over Five Years is Driving GrowthThe Flex Platform is our core competitive advantage

The Flex Platform is Enabling Multiple Ecosystems

Healthcare Ecosystem

Building and Construction Ecosystem

Autonomous Vehicle Ecosystem

Geographic Ecosystems

Digital Startup Ecosystem

Each Ecosystem Leverages Many Flex Capabilities

Healthcare Building andConstruction

AutonomousVehicles

Digital Health Software

Connected Home

Automation

FDA Facilities

Pharma Manufacturing

5G

Data Center Design

CEC Competencies

Automotive Grade

Manufacturing

YTWO Formative Software

Lighting

Solar

Energy Storage

Connected Home

Worldwide Footprint

Structural Drivers of Value Creation

Portfolio Evolution

Sketch-to-Scale®

Platform Enabled Opportunities

Portfolio Evolution Continues to be Extremely Successful

CEC24%

HRS3%IEI

12%

CTG61%

FY07

$19B

15%

CEC30%

HRS19%

IEI24%

CTG27%

FY18

$25B

43%

Revenue

CEC42%

HRS12%

IEI16%

CTG30% FY13

$24B

28%

The balanced portfolio drives free cash flow, stable earnings and drives future capabilities

Portfolio Evolution

3%

9%5%

18%

CEC CTG IEI HRS CEC CTG IEI HRS

FY 2013 FY 2020E

7%

17%

34%29%

34%

CEC CTG IEI HRSFY 2018

27%

~40%

Sketch-to-Scale Revenue Increases EngagementMore customers rely on us earlier in the product lifecycle

Sketch-to-Scale

25%-35%

35%-45%

The Platform Enables Multiple High-Value Opportunities

• Leverages Platform capabilities

• Generates revenue pull-through

• Creates high equity valuations

• Takes advantage of outside investor funding and know-how

• Attracts world-class talent into focused businesses

Platform Enabled

Opportunities

BrightInsight

Leveraging our core to drive upside

ChennaiBangalore

PuneMumbai

Gurgaon

Kolkata

Vizag

Hyderabad

The Platform Enables Flex to Capture New TAM in India

GDP per Capita1 Internet Penetration

$6,821

$16,660

$34,997

$3,574

$7,183

$16,421

2027E2007 2017

China

India

1) IMF, Internal Estimates

In 10 years, India’s per capita income will be the same as China’s last year.

4%

96%

2007

60%

34%

66%

2017

40%1.2

2021E

1.3 1.4

Billions of People

Leveraging our core for localization in one of the world’s fastest growing markets

• Manufacturing• Design• Global Business Services (GBS)• Flex Global Services (FGS)

Flex Footprint

Source: International Telecommunications Union, Jan 2018, Telecom Regulatory Authority on India, India Telecom Sector, 2017 and Cisco, VNI Complete Forecast, 2017

ChennaiBangalore

PuneMumbai

Gurgaon

Kolkata

Vizag

Hyderabad

The Platform Enables Flex to Capture New TAM in India

GDP per Capita1 Internet Penetration

$6,821

$16,660

$34,997

$3,574

$7,183

$16,421

2027E2007 2017

China

India

1) IMF, Internal Estimates

In 10 years, India’s per capita income will be the same as China’s last year.

4%

96%

2007

60%

34%

66%

2017

40%1.2

2021E

1.3 1.4

Billions of People

Leveraging our core for localization in one of the world’s fastest growing markets

• Manufacturing• Design• Global Business Services (GBS)• Flex Global Services (FGS)

Flex Footprint

India is the next China

Consumer demand will lead

Flex has the expertise

to succeed

Source: International Telecommunications Union, Jan 2018, Telecom Regulatory Authority on India, India Telecom Sector, 2017 and Cisco, VNI Complete Forecast, 2017

Structural Drivers of Value Creation

3%9% 5%

18%

CEC CTG IEI HRS

17%

34%29%

34%

CEC CTG IEI HRS CEC CTG IEI HRS

FY 2013 FY 2020EFY 2018

7%

27%~40%

+

24%

3%12%

61%

FY07

$19B

15%

30%

19%24%

27%FY18

$25B

43%

42%

12%16%

30% FY13

$24B

28%

25%-35%

35%-45%

BrightInsight ChennaiBangalore

PuneMumbai

Gurgaon

Kolkata

Vizag

Hyderabad

+

Multiple levers to support sustainability and balanced long-term growth

In the Age of Intelligence, the Flex Platform is Highly Differentiated

Expansiveset of

capabilitiesdrive organic

growth

Balancedparticipation in industries andecosystems

drives stability

Leveraged platform-enabled

investmentscreate upside

Snapshot of What will be Shared Today

CEC• Flat revenue FY19

• Return to growth

• Stable to improving margins

HRS• Outstanding

bookings

• Moderate revenue growth in 2019

• Average 10% growth over the next few years

• High margin stability

IEI• Continued 10%+

revenue growth

• Another year of margin expansion

• Diversified portfolio

CTG• Rapid growth

• Increasing margins/OP

• Significant mix shift

• NIKE recoverysecond half

• No change to margin targets

We are expecting accelerated organic growth

Snapshot of What You will Hear TodayInvestments in 1H FY19 expected to yield 2H Margin/OP expansion

2H FY19• Margin expansion

• OP expansion

• Higher leverage in SG&A

1H FY19• Investment in capex and working capital

• Ramping 25,000 people this year

• Elevated start-up costs

• Repositioned organization to be a simpler, more effective operating model