Sanmina Corporation · NASDAQ:SANM
Sanmina — Merger or Acquisition (May 2025)
15 slides from Sanmina's merger presentation, May 19, 2025
Slide 1: Sanmina To Acquire ZT Systems Manufacturing From AMD
Sanmina To Acquire ZT Systems Manufacturing From AMD May 19, 2025
Slide 2: Today's Presenters
Today’s Presenters Jure Sola Jon Faust Chairman & CEO EVP & CFO 2
Slide 3: Disclaimer and Forward-Looking Statements
This presentation (the “Presentation”) has been prepared by Sanmina Corporation (“Sanmina” or the “Company”) solely for informational purposes in connection with the announcement of the proposed acquisition of ZT Systems’ manufacturing operations from AMD (the “Acquisition”). No Offer or Solicitatio
Slide 4: Transaction Overview
Transaction Overview Sanmina to acquire ZT Systems Manufacturing, a leading provider of Cloud and AI infrastructure to the world’s largest hyperscalers, from AMD Positions Sanmina to capitalize on long-term growth trends in Cloud and AI infrastructure spend Establishes a strategic commercial p
Slide 5: AI Infrastructure with Significant Domestic Manufacturing Footprint
ZT Systems Manufacturing: Provider of Critical Accelerated Cloud and AI Infrastructure with Significant Domestic Manufacturing Footprint Business Highlights Robust Footprint and Advanced Capabilities Leading provider of end-to-end systems integration from Secaucus, NJ Georgetown, TX Almelo, Nether
Slide 6: Advances Sanmina's Strategic Priorities in Cloud and AI
Advances Sanmina’s Strategic Priorities in Cloud and AI Positions Sanmina to capitalize on long-term growth trends in Cloud and AI infrastructure spend Establishes a strategic commercial partnership for NPI with AMD to accelerate quality and time-to-deployment of AMD rack and cluster-scale AI so
Slide 7: Exposure to Secular Growth Trends in Cloud and AI
Exposure to Secular Growth Trends in Cloud and AI Global Data Center Investment1 AI Non-AI $893bn $726bn $607bn $489bn $304bn CY2024E CY2025E CY2026E CY2027E CY2028E Sanmina + ZT Systems Manufacturing Will Capitalize on Long-term Growth Trends in Cloud and AI Infrastructure Spend 1Wall street resear
Slide 8: "One-Stop Shop" End-to-End Solutions for Cloud and AI End-Market
“One-Stop Shop” End-to-End Solutions for Cloud and AI End-Market Establishes Sanmina as Industry Leader In Data Center AI End-Market 8
Slide 9: Sanmina and AMD NPI Partnership
Sanmina and AMD NPI Partnership Sanmina to become the preferred NPI manufacturing partner for AMD’s rack and cluster-scale AI solutions Strategic partnership accelerates deployment of complex AI rack systems tailored to hyperscaler requirements Sanmina’s mission-critical technology focus and v
Slide 10: Financial Details
pa TF | SANMINA Financial Details
Slide 11: Transaction Details
Transaction Details $2.25 billion upfront cash consideration to pay for assets at net asset value Purchase Price Premium of $300 million paid $150 million in cash and $150 million Sanmina equity aligning interest ($3 billion) of Sanmina and AMD Up to $450 million contingent consideration based
Slide 12: Expected Financial Benefits
Expected Financial Benefits Increases Scale and High Value End-Market Exposure ZT Systems Manufacturing has a current annual run-rate net revenue of approximately $5 - $6 billion Expect to double Sanmina’s revenue in 3 years Expected to be Accretive to Financial Profile Accretive to Sanmina’s
Slide 13: Commitment to Strong Balance Sheet
Commitment to Strong Balance Sheet Committed to maintaining a strong balance sheet and ample liquidity Investing in working capital, PP&E and capabilities that accelerate entry into Cloud and AI end-market Expect working capital build in 2026 / 2027 to support the growth of the business Oppo
Slide 14: Key Takeaways
Key Takeaways Accelerates Sanmina’s position in the Cloud and AI infrastructure end-market ZT Systems brings decades of experience and is a trusted partner to the world’s leading hyperscalers Complements Sanmina’s well-established vertical integration strategy Establishes a strategic commerc
Slide 15: Thank You
pa TF | SANMINA Thank You