Slide 1: Second Quarter 2021 Results
SECOND QUARTER 2021 RESULTS March 16, 2021
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Forward Looking Statements: This presentation contains forward-looking statements, including those regarding our anticipated financial results for the second quarter of fiscal year 2021; our guidance for future financial performance in our third quarter of fiscal year 2021
Slide 3: Business Update
> Business Update
Slide 4: Our People
Our People Jabil’s Most Valued Differentiator A Team which promotes an Inclusive Environment
Slide 5: Second Quarter 2021 Financial Highlights
Second Quarter 2021 Financial Highlights NET REVENUE $6.8 BILLION ✓ Strong Product Demand CORE DILUTED EPS ✓ Solid Execution $1.27 ✓ Well-Balanced Contributions CORE OP MARGIN 4.2% See U.S. GAAP to non-GAAP reconciliation in appendix. Core operating margin defined as core operating income divided by
Slide 6: Well-Diversified Commercial Portfolio, Critical and Trusted Partner
Well-Diversified Commercial Portfolio Critical and Trusted Partner Digital Print Mobility & Retail Industrial & Semi-Cap Healthcare & Packaging 5G Wireless & Cloud Connected Devices Networking Automotive & & Storage Transportation
Slide 7: FY21 Financial Update: Strong Outlook
FY21 Financial Update Strong Outlook NET REVENUE CORE OP MARGIN CORE DILUTED EPS FREE CASH FLOW $28.5 4.2% ~ $5 $600 + BILLION MILLION MOMENTUM CONTINUES See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/ 7
Slide 8: Thank You
THANK YOU
Slide 9: Financial Update
> Financial Update
Slide 10: Second Quarter 2021 Financial Highlights
Second Quarter 2021 Financial Highlights NET REVENUE ✓ Revenue $6.8 • Broad-based strength, including Mobility, Cloud, Healthcare, Connected Devices, Automotive and BILLION Semi-Cap CORE OP MARGIN ✓ Core Operating Margin • Solid operating leverage, as a result of our optimized cost structure and str
Slide 11: Second Quarter 2021 Income Highlights
Second Quarter 2021 Income Highlights Three months ended (In millions, except for per share data) February 28, 2021 February 29, 2020 Net revenue $6,829 $6,125 U.S. GAAP operating income $236 $91 U.S. GAAP net income (loss) $152 ($3) U.S. GAAP diluted earnings (loss) per share $0.99 ($0.02) Core ope
Slide 12: Second Quarter Segment Results
Second Quarter Segment Results DIVERSIFIED MANUFACTURING SERVICES (DMS) ▪ Net Revenue Increase of 26% ▪ Core operating margin1 (non-GAAP) of 5.1% ELECTRONICS MANUFACTURING SERVICES (EMS) EMS $6.8B ▪ Net Revenue decrease of 1%2 47% DMS ▪ Core operating margin1 (non-GAAP) of 3.1% REVENUE 53% TOTAL COM
Slide 13: Cash Flow Highlights
Cash Flow Highlights Three Months Ended February 28, (In millions) 2021 Cash flow from operations $20 Net capital expenditures1 $152 Adjusted free cash flow (non-GAAP)2 ($132) Core EBITDA (non-GAAP)1 $488 Share repurchases $82 1 See U.S. GAAP to non-GAAP reconciliation in appendix and U.S. GAAP to n
Slide 14: Third Quarter FY21 Guidance
Third Quarter FY21 Guidance Segment Revenue Guidance Q3 FY20 Q3 FY21E YoY Change ▪ Diversified Manufacturing Services $2.9B $3.5B Increase 19% ▪ Electronics Manufacturing Services $3.4B $3.4B Increase 1%* Consolidated Guidance Q3 FY21E Net revenue $6.6B - $7.2B U.S. GAAP operating income $188M - $23
Slide 15: Our Portfolio End-Markets
Our Portfolio End-Markets DIVERSIFIED MANUFACTURING ELECTRONICS MANUFACTURING $ in billions FY20 FY21E $ in billions FY20 FY21E Healthcare & Packaging $4.2 $4.9 Digital Print & Retail $2.3 $2.3 Automotive & Transportation Industrial & Semi-Cap $3.5 $3.6 $1.7 $2.2 Connected Devices $4.0 $4.2 5G, Wire
Slide 16: FY21 Financial Update: Strong Outlook
FY21 Financial Update Strong Outlook NET REVENUE CORE OP MARGIN CORE DILUTED EPS FREE CASH FLOW $28.5 4.2% ~ $5 $600 + BILLION MILLION MANAGEMENT’S UPDATED OUTLOOK FOR FY21 See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/ 16
Slide 17: Mark Mondello, CEO and Mike Dastoor, CFO
MARK MONDELLO MIKE DASTOOR CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
Slide 18: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP to Non-GAAP Reconciliations
Slide 19: Operating Income, EBITDA and Net Income Non-GAAP Reconciliation
JABIL INC. AND SUBSIDIARIES OPERATING INCOME, EBITDA and NET INCOME NON-GAAP RECONCILIATION (In thousands, except for per share data) (Unaudited) Three months ended Six months ended February 28, 2021 February 29, 2020 February 28, 2021 February 29, 2020 Operating income (U.S. GAAP) $ 236,350 $ 90,63