Slide 1: Third Quarter 2022 Results
THIRD QUARTER 2022 RESULTS June 16, 2022
Slide 2: Forward Looking Statement
Forward Looking Statement Forward Looking Statements: This presentation contains forward-looking statements, including those regarding our anticipated financial results for the third quarter 2022; our guidance for future financial performance in our fourth quarter of fiscal year 2022 (including, net
Slide 3: Business Update
BUSINESS UPDATE Mark Mondello June 16, 2022 3
Slide 4: Our People Are Jabil's Most Valued Differentiator
OUR PEOPLE Are Jabil’s Most Valued Differentiator A Team which promotes an Inclusive Environment
Slide 5: Third Quarter FY 2022 Highlights
Third Quarter FY 2022 Highlights NET REVENUE CORE OP MARGIN1 CORE EPS1 $8.3 $1.72 4.2% BILLION 1 See U.S. GAAP to non-GAAP reconciliation in appendix Core operating margin = Core operating income divided by revenue
Slide 6: Our Portfolio
Our Portfolio Trusted Partner Digital Print & Retail Mobility Industrial & Semi-Cap Healthcare & Packaging 5G Wireless & Cloud Connected Devices Networking & Auto & Transportation Storage 6
Slide 7: Outlook and Financial Plan FY22
FY22 Outlook and Financial Plan NET REVENUE CORE OP MARGIN1 CORE EPS1 FREE CASH FLOW1 $32.8 4.6% $7.45 $700+ BILLION MILLION MANAGEMENT’S OUTLOOK FOR FY22 1See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/
Slide 8: Jabil FY23 Annual Investor Briefing
JABIL FY23 ANNUAL INVESTOR BRIEFING Our strategy, Our path, Our outlook 8
Slide 9: Our Purpose
OUR PURPOSE Enables our path forward, as we care for each other, treat one another with complete respect, give back to those in need and respect the environment.
Slide 10: Financial Update
FINANCIAL UPDATE Mike Dastoor June 16, 2022 10
Slide 11: Income Highlights Third Quarter 2022
Third Quarter 2022 Income Highlights Three Months Ended May 31, (In millions, except for per share data) 2022 2021 Net revenue $8,328 $7,215 U.S. GAAP operating income $321 $240 U.S. GAAP net income $218 $169 U.S. GAAP diluted earnings per share $1.52 $1.12 Core operating income (non-GAAP)1 $352 $27
Slide 12: Segment Results Third Quarter FY22
Third Quarter FY22 Segment Results DIVERSIFIED MANUFACTURING SERVICES (DMS) ▪ Net Revenue Increase of 7% ▪ Core margin* (non-GAAP) of 3.8% ELECTRONICS MANUFACTURING SERVICES (EMS) DMS $8.3B ▪ Net Revenue Increase of 23% EMS 46% ▪ Core margin* (non-GAAP) of 4.6% REVENUE 54% TOTAL COMPANY ▪ Net Revenu
Slide 13: Cash Flow Highlights
Cash Flow Highlights Three Months Ended May 31, $ in millions 2022 Net cash provided by operating activities $545 Net capital expenditures1 ($324) Adjusted free cash flow (non-GAAP)2 $221 Core EBITDA (non-GAAP)1 $570 Share repurchases $203 1 See U.S. GAAP to non-GAAP reconciliation in appendix and U
Slide 14: Fourth Quarter FY22 Guidance
Fourth Quarter FY22 Guidance Segment Revenue Guidance Q4 FY21 Q4 FY22E YoY Change ▪ Diversified Manufacturing Services $3.9B $4.5B Increase ~14% ▪ Electronics Manufacturing Services $3.5B $3.9B Increase ~11% Consolidated Guidance Q4 FY22E Net revenue $8.1B - $8.7B U.S. GAAP operating income $367M -
Slide 15: Intentionally Diversified and Evermore Resilient
Our Portfolio Intentionally Diversified and Evermore Resilient DIVERSIFIED MANUFACTURING ELECTRONICS MANUFACTURING $ in billions FY20 FY21 FY22E $ in billions FY20 FY21 FY22E Auto & Transportation $1.7 $2.2 $3.2 Digital Print & Retail $2.3 $2.3 $3.0 Healthcare & Packaging $4.2 $4.5 $5.0 Industrial &
Slide 16: Outlook and Financial Plan FY22
FY22 Outlook and Financial Plan NET REVENUE CORE OP MARGIN1 CORE EPS1 FREE CASH FLOW1 $32.8 4.6% $7.45 $700+ BILLION MILLION MANAGEMENT’S OUTLOOK FOR FY22 1See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/
Slide 17: Mark Mondello, Mike Dastoor, Adam Berry
MARK MONDELLO MIKE DASTOOR ADAM BERRY CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER VP, INVESTOR RELATIONS
Slide 18: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP to Non-GAAP Reconciliations 18
Slide 19: Operating Income GAAP to Non-GAAP Reconciliation
Three months ended Nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 Operating income (U.S. GAAP) $ 321 $ 240 $ 984 $ 790 Amortization of intangibles 8 12 24 35 Stock-based compensation expense and related charges 16 19 67 76 Restructuring, severance and related charges - 1 - 6 N