Slide 1: First Quarter 2022 Results
FIRST QUARTER 2022 RESULTS December 16, 2021
Slide 2: Forward Looking Statement
Forward Looking Statement Forward Looking Statements: This presentation contains forward-looking statements, including those regarding our anticipated financial results for the first quarter 2022; our guidance for future financial performance in our second quarter of fiscal year 2022 (including, net
Slide 3: First Quarter FY 2022 Highlights
First Quarter FY 2022 Highlights NET REVENUE CORE OP MARGIN* CORE EARNINGS PER SHARE1 $8.6 BILLION 4.7% $1.92 *Core operating margin = Core operating income divided by revenue 3 1 See U.S. GAAP to non-GAAP reconciliation in appendix
Slide 4: Financial Update
FINANCIAL UPDATE Mike Dastoor December 16, 2021 4
Slide 5: Income Highlights
First Quarter 2022 Income Highlights THREE MONTHS ENDED NOVEMBER 30, (In millions, except for per share data) 2021 2020 Net revenue $8,567 $7,833 U.S. GAAP operating income $350 $314 U.S. GAAP net income $241 $200 U.S. GAAP diluted earnings per share $1.63 $1.31 Core operating income (non-GAAP)1 $40
Slide 6: Segment Results
First Quarter FY22 Segment Results DIVERSIFIED MANUFACTURING SERVICES (DMS) ▪ Net Revenue Increase of 11.1% ▪ Core margin* (non-GAAP) of 5.4% ELECTRONICS MANUFACTURING SERVICES (EMS) EMS $8.6B ▪ Net Revenue Increase of 7.4% 45% REVENUE DMS ▪ Core margin* (non-GAAP) of 3.8% 55% TOTAL COMPANY ▪ Net Re
Slide 7: Cash Flow Highlights
Cash Flow Highlights THREE MONTHS ENDED NOVEMBER 30, $ in millions 2021 Cash flow used in operations ($46) Net capital expenditures1 ($73) Adjusted free cash flow (non-GAAP)2 ($119) Core EBITDA (non-GAAP)1 $626 Share repurchases $127 1 See U.S. GAAP to non-GAAP reconciliation in appendix and U.S. GA
Slide 8: Second Quarter FY22 Guidance
Second Quarter FY22 Guidance Segment Revenue Guidance Q2 FY21 Q2 FY22E YoY Change ▪ Diversified Manufacturing Services $3.65B $3.8B Increase ~4% ▪ Electronics Manufacturing Services $3.18B $3.6B Increase ~14% Consolidated Guidance Q2 FY22E Net revenue $7.1B - $7.7B U.S. GAAP operating income $266M -
Slide 9: Our Portfolio: Intentionally Diversified and Evermore Resilient
Our Portfolio Intentionally Diversified and Evermore Resilient DIVERSIFIED MANUFACTURING ELECTRONICS MANUFACTURING $ in billions FY20 FY21 FY22E $ in billions FY20 FY21 FY22E Auto & Transportation $1.7 $2.2 $3.2 Digital Print & Retail $2.3 $2.3 $2.7 Healthcare & Packaging $4.2 $4.5 $5.0 Industrial &
Slide 10: Business Update
BUSINESS UPDATE Mark Mondello December 16, 2021 10
Slide 11: Our People
OUR PEOPLE Jabil’s Most Valued Differentiator A Team which promotes an Inclusive Environment
Slide 12: Our Portfolio: Intentionally Diversified and Evermore Resilient
Our Portfolio Intentionally Diversified and Evermore Resilient DIVERSIFIED MANUFACTURING ELECTRONICS MANUFACTURING $ in billions FY20 FY21 FY22E $ in billions FY20 FY21 FY22E Auto & Transportation $1.7 $2.2 $3.2 Digital Print & Retail $2.3 $2.3 $2.7 Healthcare & Packaging $4.2 $4.5 $5.0 Industrial &
Slide 13: Trusted Partner
Our Portfolio Trusted Partner Digital Print & Retail Mobility Industrial & Semi-Cap Healthcare & Packaging 5G Wireless & Cloud Connected Devices Networking & Auto & Transportation Storage 13
Slide 14: FY22 Outlook and Financial Plan
FY22 Outlook and Financial Plan NET REVENUE CORE OP MARGIN CORE EPS FREE CASH FLOW $31.8 4.5% $6.55 $700+ BILLION MILLION MANAGEMENT’S OUTLOOK FOR FY22 See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/ 14
Slide 15: Our Purpose
OUR PURPOSE Enables our path forward, as we care for each other, treat one another with complete respect, give back to those in need and respect the environment. 15
Slide 16: Mark Mondello, Mike Dastoor, Adam Berry
MARK MONDELLO MIKE DASTOOR ADAM BERRY CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER VP, INVESTOR RELATIONS
Slide 17: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP to Non-GAAP Reconciliations 17
Slide 18: Operating Income, EBITDA and Net Income Non-GAAP Reconciliation
JABIL INC. AND SUBSIDIARIES OPERATING INCOME, EBITDA and NET INCOME NON-GAAP RECONCILIATION (In millions, except for per share data) (Unaudited) Three months ended November 30, 2021 November 30, 2020 Operating income (U.S. GAAP) $ 350 $ 314 Amortization of intangibles 8 11 Stock-based compensation e