Slide 1: First Quarter 2023 Results
FIRST QUARTER 2023 RESULTS December 15, 2022 BUSINESS CONFIDENTIAL / ©Jabil Inc. 2022. All Rights Reserved.
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 of fiscal year 2023; our guidance for future financial performance in our second quarter of fiscal year 2023
Slide 3: First Quarter FY23 Highlights
First Quarter FY23 Highlights NET REVENUE CORE OP MARGIN 1 CORE EPS 1 $ 9.6 4.8% $ 2.31 BILLION 1 See U.S. GAAP to non-GAAP reconciliation in appendix. 3
Slide 4: First Quarter FY 2023 Income Highlights
First Quarter FY 2023 Income Highlights THREE MONTHS ENDED NOVEMBER 30, (In millions, except for per share data) 2022 2021 Net revenue $9,635 $8,567 U.S. GAAP operating income $362 $350 U.S. GAAP net income $223 $241 U.S. GAAP diluted earnings per share $1.61 $1.63 Core operating income (non-GAAP)1
Slide 5: First Quarter FY 2023 Segment Results
First Quarter FY 2023 Segment Results DIVERSIFIED MANUFACTURING SERVICES (DMS) ▪ Net Revenue Increase of 8% ▪ Core margin* (non-GAAP) of 5.2% ELECTRONICS MANUFACTURING SERVICES (EMS) EMS $9.6B 47% DMS ▪ Net Revenue Increase of 18% REVENUE 53% ▪ Core margin* (non-GAAP) of 4.3% TOTAL COMPANY ▪ Net Rev
Slide 6: Financial Update
FINANCIAL UPDATE MIKE DASTOOR CHIEF FINANCIAL OFFICER 6
Slide 7: Solid Performance Amid Dynamic Environment
First Quarter FY 2023 Solid Performance Amid Dynamic Environment NET REVENUE CORE OP INCOME 1 CORE EPS 1 Y/ Y GROW TH Y/ Y GROW TH Y/ Y GROW TH 12% 15% 20% 1 See U.S. GAAP to non-GAAP reconciliation in appendix. 7
Slide 8: First Quarter FY 2023 Cashflow Highlights
First Quarter FY 2023 Cashflow Highlights ($ millions) THREE MONTHS ENDED NOVEMBER 30, 2022 Net cash provided by operating activities $166 Acquisition of property, plant and equipment ($314) Proceeds and advances from sale of property, plant and equipment $150 Net capital expenditures1 ($164) Adjust
Slide 9: Second Quarter FY23 Guidance
Second Quarter FY23 Guidance Segment Revenue Guidance Q2 FY22 Q2 FY23E Diversified Manufacturing Services $3.8B $4.1B Electronics Manufacturing Services $3.8B $4.0B Consolidated Guidance Q2 FY23E Net revenue $7.8B - $8.4B U.S. GAAP operating income $319M - $379M U.S. GAAP diluted earnings per share
Slide 10: Targeted End-Markets
Targeted End-Markets Secular Trends Driving Growth Across Multiple End-Markets ENERGY C L O UD & 5 G E V R E V O L UT I O N H E AL T H C A R E T R AN S F O R M AT I O N I N F R AS T R U C T U R E 10
Slide 11: Continued Mix Shift to Recession-Resilient Areas
Continued Mix Shift to Recession-Resilient Areas Revenue by End-Market $ in billions FY22 FY23E Y/Y $ in billions FY22 FY23E Y/Y Auto & Transportation $3.1 $4.4 42% Digital Print & Retail $3.1 $3.1 0% Healthcare & Packaging $5.0 $5.5 10% Industrial & Semi-Cap $4.0 $4.4 10% Connected Devices $4.7 $4.
Slide 12: Value Creation for Shareholders
Value Creation for Shareholders Financial Priorities EXPAND INCREASE GENERATE RETURN CAPITAL OPERATING EARNINGS STRONG CASH TO MARGINS PER SHARE FLOWS SHAREHOLDERS ALIGNED & FOCUSED ON DRIVING CONSISTENT CASH FLOWS & PROFITABILITY See U.S. GAAP to non-GAAP definitions located at https://investors.ja
Slide 13: Our Outlook: The Momentum Continues
Our Outlook The Momentum Continues CORE OP INCOME & CORE OP MARGIN1 CORE EPS1 FREE CASH FLOW1 (In millions) (In millions) $1,675 $900+ $1,543 $8.40 $810 $7.65 $1,241 $640 4.8% $5.61 4.6% $503 $461 $877 $864 4.2% $2.98 $2.90 3.5% 3.2% FY19 FY20 FY21 FY22 FY23E FY19 FY20 FY21 FY22 FY23E FY19 FY20 FY21
Slide 14: Business Update
BUSINESS UPDATE MARK T. MONDELLO CHAIRMAN AND CHIEF EXECUTIVE OFFICER 14
Slide 15: Our People
Our People Jabil’s Most Valued Differentiator 15
Slide 16: Our Portfolio
Our Portfolio Diversified and Resilient Digital Print $ in billions FY23E Mobility & Retail Auto & Transportation $4.4 Industrial & Healthcare & Packaging $5.5 Semi-Cap Healthcare & Connected Devices $4.2 Packaging Mobility $3.7 REVENUE F Y 2 3 E Digital Print & Retail $3.1 5G Wireless Industrial &
Slide 17: FY23 Financial Plan
Our Outlook FY23 Financial Plan NET REVENUE CORE OP MARGIN CORE EPS FREE CASH FLOW $34.5 $8.40 $900+ BILLION 4.8% MILLION MANAGEMENT’S OUTLOOK FOR FY23 See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/ 17
Slide 18: Our Path Forward
Our Path Forward Trust and Belief in our Team • The unique combination of Jabil’s Approach, Structure and Experience • Our ability to Execute, combined with our Engineering Expertise • Financial Plans being grounded in Rationale Assumptions • Continued commitment to returning Capital to Shareholders
Slide 19: Our Purpose
Our Purpose Strive to Make a Difference 19
Slide 20: Our 2022 Goal was Achieved – One Million Volunteer Hours
Our Purpose Community and Giving Back Our 2022 Goal was Achieved – One Million Volunteer Hours 1,007,620 hours and counting Thanks to all our employees who gave their time to make a Real Difference. 20
Slide 21: Thank You
Our Team Responsible and Reliable THA NK YOU 21
Slide 22: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP TO NON-GAAP RECONCILIATIONS BUSINESS CONFIDENTIAL / ©Jabil Inc. 2022. All Rights Reserved. 22
Slide 23: 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, 2022 November 30, 2021 Operating income (U.S. GAAP) $ 362 $ 350 Amortization of intangibles 8 8 Stock-based compensation ex