Slide 1: Fiscal Second Quarter 2025 Highlights
PLEXUS CONFIDENTIAL FISCAL SECOND QUARTER 2025 HIGHLIGHTS April 23, 2025
Slide 2: Safe Harbor and Fair Disclosure Statement
PLEXUS CONFIDENTIAL SAFE HARBOR AND FAIR DISCLOSURE STATEMENT Some of the statements made and information provided during our call as well as information included in the supporting materials will be forward looking statements, including, without limitation, those regarding revenue, gross margin, sel
Slide 3: Fiscal Second Quarter Themes
PLEXUS CONFIDENTIAL FISCAL SECOND QUARTER THEMES Investments in talent, Robust fiscal second Expect meaningful F25 technology, facilities quarter financial EPS growth resulting and tools enabling performance, including from revenue growth in customer success and better than expected all market secto
Slide 4: Financial Results
PLEXUS CONFIDENTIAL FINANCIAL RESULTS * ● Signs of recovery in Healthcare/Life Sciences and ** early Industrial green shoots ● Non-GAAP operating margin met high end of guidance ● Non-GAAP EPS exceeded guidance ● Better than anticipated FCF performance Excludes approximately 70 bps of stock-based c
Slide 5: Wins and Funnel Highlights
PLEXUS CONFIDENTIAL WINS AND FUNNEL HIGHLIGHTS ● Largest ever win for Sustaining Services, enabling success for an industry-leading healthcare customer ● Exciting share gains and opportunities to support growth technologies across all market sectors ● Highest quarterly Engineering Solutions wins per
Slide 6: Sustainability | Q2 Highlights
PLEXUS CONFIDENTIAL SUSTAINABILITY | Q2 Highlights OUR PEOPLE ● Selected as Manufacturer of the Year - Mega Category 500+ employees) by Wisconsin Manufacturers & Commerce OUR SOLUTIONS ● Partnered with GE HealthCare China in the Green Supply Chain Ecosphere initiative ● Celebrated Earth Day with ou
Slide 7: Fiscal 2025 Third Quarter Guidance
PLEXUS CONFIDENTIAL FISCAL 2025 THIRD QUARTER GUIDANCE ● Q3F25 revenue of $1.00 billion to $1.04 billion ● Non-GAAP EPS of $1.65 to $1.80 ● Anticipate sequential revenue growth for Q4F25 ● Expect strong operating margin performance for F25 ● Continue to forecast up to $100M in F25 FCF Represents mi
Slide 8: Market Sector Performance: Aerospace/Defense
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE AEROSPACE/DEFENSE Q2F25 vs. Q1F25 + 8% Q3F25 Expectations Up mid single ● Q2F25 met expectations as defense and space ● Q2F25 wins highlights: demand increases offset softness in commercial ○ Continued strong wins performance in defense aerospace ○ Spa
Slide 9: Market Sector Performance: Healthcare/Life Sciences
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE HEALTHCARE/LIFE SCIENCES Q2F25 vs. Q1F25 + 10% Q3F25 Expectations Up mid single ● Q2F25 beat expectations on stronger demand ● Q2F25 wins highlights: ● Q3F25 benefiting from stronger demand and new ○ Largest ever Sustaining Services win program ramps ○
Slide 10: Market Sector Performance: Industrial
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE INDUSTRIAL Q2F25 vs. Q1F25 - 10% Q3F25 Expectations Up low single ● Q2F25 met expectations ● Q2F25 wins highlights: ● Q3F25 reflects SemiCap and new program ramp ○ Expanded engagement with leading strength construction and mining equipment customer ● F
Slide 11: Qualified Manufacturing Funnel Trends
PLEXUS CONFIDENTIAL QUALIFIED MANUFACTURING FUNNEL TRENDS Funnel Supports Continued Strength in Manufacturing Wins 11
Slide 12: Income Statement
PLEXUS CONFIDENTIAL INCOME STATEMENT Q2F24 Q1F25 Q2F25 Actual Q2F25 Guidance Revenue $967 million $976 million $980 million $960 million to $1.00 billion Gross margin 9.1% 10.3% 10.0% 9.7% to 10.0% Selling & administrative expense $47.6 million $49.1 million $49.0 million $48.5 to $49.5 million GAAP
Slide 13: Cash Flow and Balance Sheet
PLEXUS CONFIDENTIAL CASH FLOW AND BALANCE SHEET Q2F24 Q1F25 Q2F25 Free cash flow $64.9 million $27.1 million $16.5 million Share repurchases $17.6 million $12.8 million $12.2 million Cash balance $265 million $318 million $311 million Total debt $438 million $211 million $210 million Return on inves
Slide 14: Working Capital Trends
PLEXUS CONFIDENTIAL WORKING CAPITAL TRENDS Q2F24 Q3F24 Q4F24 Q1F25 Q2F25 Days in Accounts Receivable 61 61 54 56 57 Days in Contract Assets 12 11 10 12 12 Days in Inventory 158 151 127 134 132 Days in Accounts Payable 65 62 59 69 70 Days in Advanced Payments 75 78 68 65 63 14 Net Cash Cycle Days 91
Slide 15: Fiscal Third Quarter 2025 Guidance
PLEXUS CONFIDENTIAL FISCAL THIRD QUARTER 2025 GUIDANCE Q3F24 Q2F25 Q3F25 Guidance Revenue $961 million $980 million $1.00 billion to $1.04 billion GAAP diluted EPS $0.91 $1.41 $1.40 to $1.55 Non-GAAP diluted EPS $1.45 $1.66 $1.65 to $1.80 Gross margin 9.8% 10.0% 9.9% to 10.2% Selling & administrativ
Slide 16: Q&A Thank you
PLEXUS CONFIDENTIAL Q&A Thank you.