Slide 1: Citigroup Global Technology Conference
Citigroup Global Technology Conference Terrence Curtin Chief Financial Officer September 8, 2010
Slide 2: Forward-Looking Statement/Non-GAAP Measures
Forward-Looking Statement/ Non-GAAP Measures Forward-Looking Statements --This presentation contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are
Slide 3: Serving Large Attractive Markets And Extensive Global Resources With a Wealth of Technology Platforms
Serving Large Attractive Markets And Extensive Global Resources With a Wealth of Technology Platforms Connectors Fiber Optics Touch Systems Circuit Protection Wireless Sealing & Protection Precision Wire & Cable ~7,000 Engineers Close to our Customers ~5,000 Salespeople Advising our Customers Consum
Slide 4: Fiscal 2010 - 9 Months YTD Financial Overview
9 Months 2010 Sales $8.9 Billion Electronic Components 67% Network Solutions 14% Subsea Communications 6% Fiscal 2010 - 9 Months YTD Financial Overview * Adjusted operating income and adjusted operating margin are non-GAAP measures. See Appendix for description and reconciliation to applicable GAAP
Slide 5: Q4 Outlook
Q4 Outlook ($ in Millions, except per share amounts) Q4 Outlook* Q4 FY09 Q3 FY10 Sales $3,050 to $3,150 $2,698 $3,084 Operating Income $370 to $400 $176 $467 Restructuring and Other Charges ($60) ($45) ($3) Other Items - - $7 Adjusted Operating Income $430 to $460 $221 $463 GAAP Diluted EPS $0.58 to
Slide 6: Strategic Priorities: 2010 and Beyond
Leverage technology across the company Increase investment in R&D Reinvigorate the channel Strategic acquisitions Accelerating Growth 8 – 10% Annual Growth 15%+ Operating Margins* Free Cash Flow Approximates Net Income* Financial Goals *Adjusted operating margin and free cash flow are non-GAAP measu
Slide 7: Appendix
Appendix
Slide 8: Non-GAAP Measures
Non-GAAP Measures Non-GAAP Measures “Organic Sales Growth,” “Adjusted Operating Income,” “Adjusted Operating Margin,” “Adjusted Other Income, Net,” “Adjusted Income Tax (Expense) Benefit,” “Adjusted Effective Tax Rate,” “Adjusted Income from Continuing Operations,” “Adjusted Earnings Per Share,” and
Slide 9: Non-GAAP Measures (cont.)
Non-GAAP Measures (cont.) The company has presented effective income tax rate after adjusting for the tax effect of special items including charges related to restructuring, impairment charges, acquisition related charges and other income or charges, and certain significant special tax items (“Adjus
Slide 10: Non-GAAP Measures (cont.)
Non-GAAP Measures (cont.) The limitation associated with using FCF is that it subtracts cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and that therefore may imply that there is less or more cash that is available for the company's programs than t
Slide 11: Reconciliation of Non-GAAP Measures: Nine Months Ended June 25, 2010
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Nine Months Ended June 25, 2010 (UNAUDITED) Adjustments Restructuring and Other Tax Other Items, Adjusted U.S. GAAP Charges, Net (1) Items (2) Net (3) (Non-GAAP) (4) ($ in millions, except per share data) Operating Inco
Slide 12: Reconciliation of Non-GAAP Measures: Quarter Ended June 25, 2010
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 25, 2010 (UNAUDITED) Adjustments Restructuring and Other Tax Other Items, Adjusted U.S. GAAP Charges, Net Items (1) Net (2) (Non-GAAP) (3) ($ in millions, except per share data) Operating Income: Elec
Slide 13: Reconciliation of Non-GAAP Measures: Quarter Ended September 25, 2009
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 25, 2009 Adjustments Restructuring and Other Tax Retirement Adjusted U.S. GAAP Charges, Net (1) Items (2) of Debt (Non-GAAP) (3) ($ in millions, except per share data) Operating Income: Electroni