Slide 1: Flex announces intent to spin off its Cloud and Power Infrastructure segment
Flex announces intent to spin ff its Cloud and Power Infrastructure segment Transaction Resources
Slide 2: Transaction Resources: spin-off announcement and company announcements
ANNOUNCEMENT Flex and Cerebras Expand Partnership to Scale American Manufacturing of Cerebras AI Supercomputers Transaction Resources On May 5, 2026, Flex announced that its Board of Directors has unanimously approved moving forward with a plan to spin off its Cloud and Power Infrastructure segment,
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Slide 4: Knowledge Hub Interviews
Knowledge Hub Interviews Flex CEO Discusses the Future on The Claman Countdown — Fox Business News Revathi Advaithi on the spin-off, sharper focus, and forces transforming power and manufacturing. Find out more Bloomberg Open Interest: Flex CEO Bets Big On AI News Flex CEO Revathi Advaithi shares he
Slide 5: Knowledge Hub Articles and Blogs
Slide 6: Knowledge Hub Videos
Slide 7: Articles, blogs and videos on AI data center solutions
Modular approach cuts data center build time by 30% News Flex modular systems advance scalable data centers by streamlining construction and adapting to compute needs. Find out more Addressing power constraints in AI data centers News Flex helps data center operators navigate growing power challenge
Slide 8: Flex Announces Intention to Spin Off Cloud and Power Infrastructure Segment
News Details Overview Financials Stock InfoEvents NewsGovernance Sustainability Debt Info Transaction Resources VIEW ALL NEWS Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment into a New Independent Publicly Traded Company May 05, 2026 ADDITIONAL INFORMATION AND TRANSAC
Slide 9: Press release: Board approves spin-off plan
AUSTIN, Texas, May 5, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that its Board of Directors has unanimously approved moving forward with a plan to spin off its Power and Cloud portfolio from Flex, creating two independent, publicly traded companies, each optimally positioned to serve
Slide 10: Flex: A future-ready manufacturing partner
Flex: A future-ready manufacturing partner designed for speed, scale, and resilience Following the spin-off, Flex will continue to operate as a leading global manufacturing partner organized into two segments—Integrated Technology Solutions and Regulated Manufacturing Solutions—delivering design, ve
Slide 11: Forward-Looking Statements
Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,”
Slide 12: Q4 FY26 earnings
Q4 FY26 Earnings Presentation Quarter End: March 31, 2026 Earnings Announcement: May 5, 2026 1
Slide 13: Risks and non-GAAP disclosures
Risks and non-GAAP disclosures This presentation contains forward-looking statements within the meaning of U.S. securities laws, including statements related to our future financial results and our guidance and outlook for future financial performance (including expected revenues, operating income,
Slide 14: Executive summary
Executive summary Revathi Advaithi Chief Executive Officer 3
Slide 15: Executive summary
Executive summary Q4 FINANCIAL PERFORMANCE Adj. operating income Adj. operating margin Adj. net income Adj. earnings per share Revenue $500M 6.7% $348M $7.5B $0.93 FY26 FINANCIAL PERFORMANCE Adj. operating margin Adj. net income Adj. operating income Adj. earnings per share Revenue 6.3% $1.8B $1.2B
Slide 16: Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment
Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment into a New Independent Publicly Traded Company SpinCo A leader in critical digital infrastructure, delivering end-to-end A market leading advanced manufacturing company power and thermal management technologies for AI da
Slide 17: Strategic rationale
Strategic rationale Creating two focused, purpose-built companies A sharpened focus to unlock the potential of two businesses, each with a clear mission and operating model built to match SpinCo will be a critical digital and electrical infrastructure company, delivering end-to-end power and thermal
Slide 18: Acquired Electrical Power Products, Inc. in May
2 Acquired Electrical Power Products, Inc. (EP ) in May, strengthening Power utility portfolio 2 EP and Crown Products Sourced components Utility-grade, specification-driven solutions MV Switchgear Relay Panels Integrated control building support grid modernization and electrification Power distribu
Slide 19: SpinCo strategic opportunities
SpinCo strategic opportunities Capture sustained infrastructure demand Long-term revenue outlook 1 Capitalize on multi-year demand for power-dense data center and critical infrastructure driven by AI and electrification 38% FY26 YoY revenue growth Drive technological competitive advantage 2 Provide
Slide 20: Flex strategic opportunities
Flex strategic opportunities Long-term revenue outlook Prioritize growth in high value end markets 1 Focus on markets shaped by powerful, long-term secular trends— markets that increasingly demand higher levels of complexity, 1.4% reliability, and global scale FY26 YoY revenue growth Scale with tech
Slide 21: Proven leaders committed to driving value
Proven leaders committed to driving value Revathi Advaithi Michael Hartung CEO, SpinCo CEO, Flex Upon Spin-off Chairman of the Board, Flex Upon Spin-off Currently Flex Chief Executive Officer Currently Flex Chief Commercial Officer 10
Slide 22: Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment
Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment into a New Independent Publicly Traded Company th May 5 , 2026 1
Slide 23: Forward Looking Statements
Forward Looking Statements T his presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as anticipate, believe, expect, intend, may, plan, project, wi
Slide 24: Strategic rationale
Strategic rationale Announcing Intent to Spin Off Flex’s Cloud and Power Infrastructure Segment A sharpened focus to unlock the potential of two businesses, each with a clear mission and operating model built to match SpinCo will be a critical digital and electrical infrastructure company, deliverin
Slide 25: Transaction overview
Transaction overview • Intended to be a tax-free spin-off of SpinCo into a standalone publicly-traded company Transaction Structure A • Flex expected to retain stake in SpinCo not to exceed 19.9% • Target investment grade balance sheet at Flex and target investment grade metrics at SpinCo Financial
Slide 26: Two companies built to win
Two companies built to win SpinCo Flex A leader in critical digital infrastructure, delivering end-to-end A market leading advanced manufacturing company power and thermal management technologies for AI data operating at global scale for premier brands across a diverse centers and mission-critical a
Slide 27: Proven leaders committed to driving value
Proven leaders committed to driving value Revathi Advaithi Michael Hartung CEO, SpinCo CEO, Flex Upon Spin-off Chairman of the Board, Flex Upon Spin-off Currently Flex Chief Executive Officer Currently Flex Chief Commercial Officer 6
Slide 28: SpinCo Company Overview
SpinCo Company Overview 7 7
Slide 29: A high-growth critical digital and electrical infrastructure company
A high-growth critical digital and electrical infrastructure company Critical Power Products Rising compute density requires power and thermal to be designed around it as a unified system Embedded Power Products Our portfolio spans grid to chip, positioned for the next generation of Cloud infrastruc
Slide 30: SpinCo business profile
SpinCo business profile Power Products Thermal Management Products and Cloud Critical Power Products Embedded Power Products Thermal Management Products Cloud Utility and facility-level electrical High-density rack- and Advanced liquid cooling Integrated compute systems infrastructure enabling relia
Slide 31: SpinCo strategic opportunities
SpinCo strategic opportunities Capture sustained infrastructure demand Long-term revenue outlook 1 Capitalize on multi-year demand for power-dense data center and critical infrastructure driven by AI and electrification 38% FY26 YoY revenue growth Drive technological competitive advantage 2 Provide
Slide 32: Flex Company Overview
Flex Company Overview 1 11 1
Slide 33: A future-ready manufacturing partner designed for speed, scale, and resilience
A future-ready manufacturing partner designed for speed, scale, and resilience Leading EMS provider Top-tier EMS provider continuing to execute proven playbook through operational innovation, automation, and global manufacturing scale Future-ready manufacturing End-to-end design, engineering, and ma
Slide 34: Flex business profile
Flex business profile Regulated Manufacturing Solutions Integrated Technology Solutions Health Industrial Automotive Communications Lifestyle Regulated medical Automation, energy, Compute, controls, High speed networking Premium products devices, drug delivery and equipment and power electronics and
Slide 35: Execute our proven playbook
Execute our proven playbook Prioritize growth in high value end markets Long-term revenue outlook 1 Focus on markets shaped by powerful, long-term secular trends— markets that increasingly demand higher levels of complexity, 1.4% reliability, and global scale FY26 YoY revenue growth Scale with techn
Slide 36: Long-term Value Creation
Long-term Value Creation 1 15 5
Slide 37: Positioned to deliver long-term value
Positioned to deliver long-term value Two independent, focused companies with clear execution priorities Each company purpose-built for its market and positioned to lead Distinct growth strategies aligned to differentiated market positions Capital and focus directed to where each business has the st
Slide 38: Continuing our proven transformation approach
Continuing our proven transformation approach Defined a new Delivered value through Entering our next strategic direction portfolio transformation phase of growth 2019 2020 – Today 2026+ Repositioned from global-scale Executed the Nextracker spin-off, Announcing the planned spin-off contract manufac
Slide 39: Create the extraordinary.
Create the extraordinary.