Slide 1: The Plexus Brand
THE PLEXUS BRAND Dean Foate – President and CEO Ginger Jones – Senior Vice President and CFO 1
Slide 2: Safe Harbor & Fair Disclosure Statement
SAFE HARBOR & FAIR DISCLOSURE STATEMENT Any statements made during our meeting today that are not historical in nature are forward-looking statements. Forward-looking statements are not guarantees, since there are inherent difficulties in predicting future results, and actual results could differ ma
Slide 3: Today's Agenda
Strategy Overview Regional Investments JNPR Update TODAY’S AGENDA Presentation posted to Plexus.com at Investor Relations/Overview
Slide 4: Performance vs. Goals
PERFORMANCE VS. GOALS $1,062 $884 $808 $1,041 $1,229 $1,432 $1,546 $1,842 $1,617 $2,013 $2,231 $2,307 -5% 0% 5% 10% 15% 20% 25% 30% 35% $0 $500 $1,000 $1,500 $2,000 $2,500 F01 F02 F03 F04 F05 F06 F07 F08 F09 F10 F11 F12 WACC Revenue ($M) ROIC Enduring Financial Goals: 1. Organic Revenue Growth: 15%
Slide 5: Plexus Strategy: Enduring Goals
PLEXUS STRATEGY Enduring Goals 5
Slide 6: Our Market Driven Strategy
OUR MARKET DRIVEN STRATEGY Higher Complexity Lower Complexity Customer Service: highly optimized, value-add Quality: stringent regulatory, reliability Manufacturing: mid-low volume, agility, flexibility Supply Chain: complex, horizontal Footprint: regional, integrated Financial Model: low capital tu
Slide 7: Manufacturing Wins as a Percent of Sales
MANUFACTURING WINS AS A PERCENT OF SALES 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 % o f Sa le s Ne w W in s $ M Trailing Four Quarters (TFQ) for New Manufacturing Wins TFQ Wins % of TFQ Sales Quarterly Wins Quarterly Revenue Goal: Trailing Four
Slide 8: Regional Update—AMER
REGIONAL UPDATE—AMER • New Neenah facility complete August 2013 – Approx. 40,000 sq. ft. in Neenah dedicated to JNPR – 240,000 sq. ft. facility to replace total of 189,00 sq. ft. in 2 leased facilities, net increase of 51,000 sq. ft. – Investment will enable approximately $4 M of savings in operatio
Slide 9: Regional Update—APAC
REGIONAL UPDATE—APAC • Approx. 100,000 sq. ft. in Penang dedicated to JNPR • Confidence that we can fill this space is high – $484 million of F12 program wins • Depending on growth rate, potential for further investment in APAC footprint in F15 – Hangzhou, China or Thailand • Investing in “go-to-mar
Slide 10: Regional Update—EMEA
REGIONAL UPDATE—EMEA Darmstadt Design Center Livingston Design Center Kelso Oradea • New Oradea, Romania facility to be completed May 2013 – 180,000 sq. ft. to replace 62,000 sq. ft. of leased capacity, net increase of 118,000 sq. ft. • New facility in Livingston Scotland – 47,000 sq. ft. to replace
Slide 11: Juniper Disengagement Modeling
JUNIPER DISENGAGEMENT MODELING Plexus & Juniper working to complete disengagement plan by December 31, 2012 Plexus goals: • Substantial completion of production Q3 F13 (June 29, 2013) • Minimal production and full disengagement by Q4 F13 (September 29, 2013) • No significant inventory write-downs •
Slide 12: Modeling PLXS Q1 F13 w/o JNPR Revenue
MODELING PLXS Q1 F13 W/O JNPR REVENUE • This is NOT a revision to Q1 F13 guidance communicated on October 23, 2012 • This exhibit is intended to provide further optics into Juniper revenues and potential impact on gross margin and balance sheet metrics Q1 F13 (model only) As guided inclusive of JNPR
Slide 13: Recent Quarterly Financial Results
RECENT QUARTERLY FINANCIAL RESULTS* *Excluding Unusual Items Summary Income Statement ($millions, except EPS) Cash and short-term investments $ 297.6 Total debt $ 270.3 Total debt/equity ratio 41.7% Available Credit Facility $ 250.0 Strong Balance Sheet ($ Millions) (as of September 29, 2012) Q1F13