Slide 1: Third Quarter 2025 Financial Results
Se * Celestica: “? fF . THIRD QUARTER 2025 FINANCIAL RESULTS October 28, 2025
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements, including, without limitation, those related to: strengthening demand in our businesses, demand environment and customer forecasts, our anticipated financial and/or operational results, guidan
Slide 3: CEO Remarks
Celestica” | oa ?*” THIRD QUARTER 2025 FINANCIAL RESULTS Glo 4 CEO Remarks
Slide 4: Q3 2025 Results
Q3 2025 Results1 Q3 2025 YTY2 Q3 2025 Guidance Revenue $3.194B +28% $2.875B - $3.125B GAAP Earnings from Operations as a % of Revenue 10.2% +470 bps GAAP EPS $2.31 +208% Adjusted Operating Margin (Non-GAAP)3 7.6% +80 bps 7.4% Adjusted EPS (Non-GAAP) $1.58 +52% $1.37 - $1.53 1 See “Note Regarding Non
Slide 5: Q3 2025 Highlights
Q3 2025 Highlights¹ GAAP financial measures Q3 2025 B/(W) QTQ2 B/(W) YTY2 $ Millions (Except for per share amounts and %) Revenue $3,194 $301 $694 Gross Margin 13.0% 0.2% 2.6% Earnings from Operations $325.0 $52.5 $187.0 Earnings from Operations as a % of Revenue 10.2% 0.8% 4.7% Effective Tax Rate 1
Slide 6: ATS and CCS Segment Revenue and Profitability
ATS1 and CCS2 Segment Revenue and Profitability $ Millions Q3 2025 YTY3 ATS $781 Down 4% Revenue CCS $2,413 Up 43% Q3 2025 Revenue5 Communications $1,943 Up 82% ATS 24% Enterprise4 $470 Down 24% $ Millions Q3 2025 YTY3 Segment Income6 ATS $43 Up 7% CCS $199 Up 55% CCS 76% Q3 2025 YTY3 Segment Margin
Slide 7: Working Capital Cash Cycle Days
Working Capital $ Millions Q3 2025 B/(W) QTQ4 B/(W) YTY4 Inventory Turns1 5.6x 0.2x 0.7x Inventory $2,047 ($129) ($226) Customer Cash Deposits for Inventory2 $382 ($15) ($139) Cash Cycle Days Q3 2025 Q2 2025 Q3 2024 Days in A/R3 68 70 71 Days in Inventory3 65 67 75 Days in A/P3 (54) (54) (56) Days i
Slide 8: Cash Flow Overview
Cash Flow Overview Cash Provided by Operations Non-GAAP Free Cash Flow 1 ($M) 152 143 123 130 126 118 120 108 100 96 94 89 86 77 68 66 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 QTQ2 YTY2 $ Millions Q3 2025 Increase/(Decrease) Increase/(Decrease) Capex $37 $4 ($9) Capex as a % of revenue 1.2% 0
Slide 9: Balance Sheet
Balance Sheet Balance Sheet (as of September 30, 2025) Cash and cash equivalents $306M Revolver (excluding L/Cs) - Term Loans $728M Net Debt $422M GAAP TTM Debt Leverage Ratio1 0.8x Non-GAAP Adjusted TTM Debt Leverage Ratio1 0.8x Total Liquidity2 ~$1.1B 1 See “Note Regarding Non-GAAP Financial Measu
Slide 10: Q4 2025 Guidance
Q4 2025 Guidance1 Revenue $3.325B - $3.575B 7.6% Adjusted Operating Margin (Non-GAAP) at the mid-point of revenue and non-GAAP adjusted EPS guidance ranges Adjusted EPS (Non-GAAP) $1.65 - $1.81 Q4 2025 Non-GAAP Tax Rate Estimate1 Adjusted Effective Tax Rate (Non-GAAP) of approximately 20% 1 See “Cau
Slide 11: Q4 2025 End Market Revenue Outlook
Q4 2025 End Market Revenue Outlook1 Year-over-Year Revenue % Change ATS2 Decrease low single-digits Communications Increase high-sixties Enterprise3 Increase low-twenties 1 Outlook reflects management’s expectations as of the date provided. 2 ATS consists of A&D, Industrial, HealthTech, and Capital
Slide 12: 2025 Annual Outlook
2025 Annual Outlook1 2025 Outlook Previous 2025 Outlook Revenue Outlook $12.2B $11.55B Adjusted Operating Margin (Non-GAAP) 7.4% 7.4% Adjusted EPS (Non-GAAP) $5.90 $5.50 Free Cash Flow (Non-GAAP) $425M $400M 1 See “Cautionary Note Regarding Forward-Looking Statements” and “Note Regarding Non-GAAP Fi
Slide 13: Third Quarter 2025 Financial Results
Se * Celestica: “? fF . THIRD QUARTER 2025 FINANCIAL RESULTS October 28, 2025
Slide 14: Appendix
: pe 3 1 1s te ; . ®4 Q'1 Cre Celestica” ie on a ne ?*° THIRD QUARTER 2025 FINANCIAL ESULTS - pile 4 bi) ‘ WI ee Appendix
Slide 15: Segment Income and Margin
Segment Income and Margin1 * * Refers to notes to our September 30, 2025 unaudited interim condensed consolidated financial statements (Q3 2025 Interim Financial Statements) 1 Segment margin is segment income as a percentage of segment revenue. Segment income is defined as a segment’s revenue less i
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures The non-GAAP financial measures included in this presentation are: adjusted gross profit, adjusted gross margin (adjusted gross profit as a percentage of revenue), adjusted selling, general and administrative expenses (SG&A), adjusted SG&A as a percentage of revenue, adju
Slide 17: Non-GAAP Financial Measures…continued
Non-GAAP Financial Measures…continued Restructuring and Other Charges (Recoveries) consist of, when applicable: Restructuring Charges (Recoveries) (defined below); Transition Costs (Recoveries) (defined below); consulting, transaction and integration costs related to potential and completed acquisit
Slide 18: GAAP to non-GAAP Reconciliation
GAAP to non-GAAP Reconciliation1 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 YTD 2025 FY 2024 GAAP Revenue $ 2,140.5 $ 2,208.9 $ 2,391.9 $ 2,499.5 $ 2,545.7 $ 2,648.6 $ 2,893.4 $ 3,194.0 $ 8,736.0 $ 9,646.0 Net earnings 91.6 91.8 95.0 89.5 151.7 86.2 211.0 267.8 565.0 428.0 Earni
Slide 19: GAAP to non-GAAP Reconciliation…continued
GAAP to non-GAAP Reconciliation…continued1 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 YTD 2025 FY 2024 GAAP net earnings $ 91.6 $ 91.8 $ 95.0 $ 89.5 $ 151.7 $ 86.2 $ 211.0 $ 267.8 $ 565.0 $ 428.0 As a percentage of revenue 4.3% 4.2% 4.0% 3.6% 6.0% 3.3% 7.3% 8.4% 6.5% 4.4% Employ
Slide 20: GAAP to non-GAAP Reconciliation…continued
GAAP to non-GAAP Reconciliation…continued1 The following table sets forth a reconciliation of our non-GAAP adjusted effective tax rate to our GAAP effective tax rate for the periods indicated (in millions, except percentages). Adjusted tax expense is determined by excluding the tax effects of the no
Slide 21: Third Quarter 2025 Financial Results
Se * Celestica: “? fF . THIRD QUARTER 2025 FINANCIAL RESULTS October 28, 2025