Avnet, Inc. · NASDAQ:AVT
Avnet — Investor Day (June 2022)
87 slides from Avnet's investor day presentation, Jun 6, 2022
Slide 1: Investor Day 2022: Delivering What's Next
INVESTOR DAY 2022 DELIVERING WHAT’S NEXT June 6, 2022
Slide 2: Safe Harbor Statement
Safe Harbor Statement This document 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, with respect to the financial condition, results of operations and business of the
Slide 3: A view from the top
10:35 AM A view from the top Rod Adkins | Chairman of the Board of Directors Phil Gallagher | Chief Executive Officer AM 11:05 AM Our view on the market Alex Iuorio | SVP Supplier Development 11:20 AM Broadening the business Dayna Badhorn | President, Avnet Americas Slobodan Puljarevic | President,
Slide 4: Supply chain opportunities
Supply chain opportunities 1:05 PM Dave Paulson | VP Avnet Supply Chain Solutions Ken Jacobson | VP Corporate Controller PM 1:25 PM Technical enablement Peggy Carrieres | VP Global Sales Enablement & Supplier Development Broadening the business 1:45 PM Mario Orlandi | President, Avnet EMEA, Global I
Slide 5: A view from the top: Rod Adkins, Phil Gallagher
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 6: Avnet is a leading global technology solutions company
Avnet is a leading global technology solutions company with an extensive ecosystem delivering design, product marketing and supply chain expertise for customers at every stage of the product lifecycle. EMPLOYEES
Slide 7: Avnet's strong foundation for success
Avnet’s strong foundation for success Suppliers Employees Customers • Strategic partnerships • Engaged teams • Design solutions • Promote technologies • Aligned priorities • Supply chain services • Customer reach • Reward performance • Product breadth Focus on fundamentals Innovative actions Monitor
Slide 8: Our vision and mission
Our vision Vision and mission To be the preferred distributor partner at the center of the world’s technology design and supply chains by delivering the best experience for both customers and suppliers, every time. Mission We deliver superior service by holding ourselves accountable to our stakehold
Slide 9: Our core values
Our core values Integrity Customer Focus Ownership Teamwork Inclusiveness We demonstrate We strive to exceed We are personally We work together, We value and respect honesty and expectations in every responsible and across boundaries, to our people by trustworthiness in all interaction, focused acce
Slide 10: Supply chain management – never more vital
Supply chain management – never more vital Experienced leadership team guiding Avnet’s next phase of growth Scaled components distribution business with growing digital footprint Strong customer and supplier relationships yield resilient supply chain visibility Unmatched offering with end-to-end sol
Slide 11: Experienced team with diverse industry experience
Experienced team with diverse industry experience Guiding execution of Avnet’s strategic priorities and next phase of growth Phil Gallagher Tom Liguori Ken Arnold Max Chan Michael McCoy Beth McMullen Chief Executive Officer Chief Financial Officer Chief People Officer Chief Information Officer Gener
Slide 12: Executive leadership team
Executive leadership team A deep, talented leadership team with an experienced team supporting them Dayna Badhorn Mario Orlandi Slobodan Puljarevic Chris Breslin Prince Yun President, Avnet Americas President, Avnet EMEA, Global President, Avnet EMEA, Global President, Farnell Global President, Avne
Slide 13: Stronger and more durable today
Stronger and more durable today Over the past few years, implemented… • Back-to-basics approach, adjusted the dials • Right-sized the organization • Aligned structure with strategy Results • Improved earnings trajectory • The strongest balance sheet in many years with low debt • Improved working cap
Slide 14: About Avnet
About Avnet Quick facts 14,500 2,000 2.6M+ Employees Engineers around Engineering • Founded in 1921 worldwide the world community members • Headquartered in Phoenix, Arizona • $23.2B in revenue (LTM Q3 FY22) • AVT listed on the NYSE in 1960 • AVT listed on Nasdaq since 2018 1M+ 300+ 245B+ • #180 on
Slide 15: Design local, build anywhere
Design local, build anywhere 11 Distribution centers 15 Embedded design and manufacturing 06 Programming centers 300+ Secondary facilities Primary distribution centers Design and manufacturing centers Programming centers Chandler, Arizona Tongeren, Belgium Aachen, Germany Freiburg, Germany Seattle,
Slide 16: 100+ years evolving our value proposition
100+ years evolving our value proposition Resiliency & adaptability to weather cycles and best support Avnet’s external partners Building on Avnet’s core foundations Sustaining decades of trusted partnerships Adapting to wave after wave of change Supporting customer business needs End-to-end Supply
Slide 17: Combining deep expertise – better together
Combining deep expertise – better together EC’s large volume broadline distribution with Farnell's specialization in proof-of-concept and design Electronic Components Farnell Provides supply chain functions for Serves engineers & entrepreneurs customers seeking help managing looking to quickly secur
Slide 18: Supporting the technology community at every stage
Supporting the technology community at every stage UNIQUE and SYNERGISTIC collaboration Farnell growth from Avnet Avnet access to Farnell’s vast investment in inventory, systems, engineering customer base and eCommerce capabilities Farnell connects customers Avnet strengthens supplier to Avnet as th
Slide 19: Creating value from design chain to supply chain
Creating value from design chain to supply chain Expert resources, digital tools & plug-in capabilities at every stage of the product lifecycle
Slide 20: Our strategic priorities
Our strategic priorities 1 2 3 4 5 Cultivate people & a Accelerate Expand Grow high service & Drive results high-performance culture core business Farnell new market segments • Revenue growth • Talent acquisition • Supplier engagement • eCommerce • Supply chain services • Op income expansion • Emplo
Slide 21: Our view on the market
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 22: Avnet sales profile
Avnet sales profile CY21 Business Region Product End Markets Industrial Electronic Semiconductors 28% Components Americas 75% EMEA 23% Emerging* 92% 31% / Other Consumer 14% 17% Defense Asia 7% Trans- Farnell 46% portation Computer 8% IP&E 10% Comm 13% Other 19% 11% 3% Computer products 3% * Emergin
Slide 23: Our view on the market
Our view on the market Market Fast Facts CY22 forecast Y/Y growth Cyclical vs. secular growth Served 1. The pervasiveness of electronics is creating secular long-term growth 2. Cycles will happen, but will be mitigated by secular growth Semiconductor TAM (excludes DRAM, Flash, MPU) 8.8% Current ou
Slide 24: Avnet semiconductor TAM vertical update
Avnet semiconductor TAM vertical update (excludes DRAM, Flash, MPU) 2022-2025 $430B CAGR $B ∆ $7 3.5% $0.6 $374B $56 2.8% $4.4 CY22 growth drivers Y/Y Mil/Aero $6 • Head-mounted displays (VR) Consumer +12% $51 • Handheld video games $68 7.1% $12.6 Avnet focus markets • Security / surveillance Indust
Slide 25: Market summary
Market summary • Substantial growth in 2022 Served TAM – 2022 +8.3% to ~$500B; 2023 +4.7% to ~$520B (IP&E + semiconductor excludes DRAM, Flash & MPU) – 2022-2025 CAGR: Americas 5.1%, EMEA 5.3%, Asia 4.5%, Japan 4.3% • Select component product categories continue to be severely constrained • Continue
Slide 26: Broadening the business
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 27: Avnet Americas acceleration
Avnet Americas acceleration Americas Fast Facts Q3 FY22 Y/Y growth actuals Revenue 40% $1.6B $1.4B Mil / Aero 33% $1.3B $1.2B $1.2B Transportation 24% Industrial 36% Demand Creation 66% Q3 Q4 Q1 Q2 Q3 FY21 FY21 FY22 FY22 FY22 IP&E 18% FY22 forecast to be up ~22% Y/Y
Slide 28: What's next for Avnet Americas
What’s next for Avnet Americas Sustaining profitable growth Vertical focus Growth initiatives Operations People • Military / Aerospace • Demand creation • Driving efficiencies • Employee retention • Transportation • Supply chain – Process optimization • Talent development • Industrial • IP&E – Digit
Slide 29: Broadening the business
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 30: Avnet IP&E focus technologies
Avnet IP&E focus technologies INTERCONNECT PASSIVES ELECTROMECHANICAL
Slide 31: Why IP&E?
Why IP&E? • Interconnect, Passive and Electromechanical products complete customer solutions • On-board and off-board opportunities • Increases customer lifetime value • Products are differentiated and used across all vertical markets and applications • Generally, a higher profit business • Growing
Slide 32: How Avnet sells IP&E products
How Avnet sells IP&E products Value add distributor with broadline and high-service models Demand creation for differentiated products Semi-attach from semiconductor demand creation Off-the-shelf and backlog fulfillment Global business support for cross-region customer programs Large supply chain pr
Slide 33: IP&E forecast
IP&E forecast IP&E TAM 2022-2025 CAGR $B ∆ Growth drivers $157B 4.6% $20 • Transportation $137B 3.0% $2 E-mech • Automotive 2.5% $3 Passives • Industrial • Mil / Aero 5.9% $15 Interconnect 2022 2025 IP&E opportunities scaling due to increasing concentration of electronics in end products Source: Est
Slide 34: Supplier & customer panel
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 35: Panelists
Panelists Chris Allexandre Paul Cihak Heath Nunnemacher Renesas STMicroelectronics TTi SVP, Global Sales, Marketing & EVP, Sales & Marketing, Americas VP, Global Electronics Sourcing Business Operations
Slide 36: Delivering what's next (video)
Delivering what’s next PLAY VIDEO
Slide 37: Supply chain opportunities
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio David Paulson 12:35 PM Lunch VP Avnet Supply Chain Solutions 28 years
Slide 38: Supply chain solutions for customers of all sizes
Supply chain solutions for customers of all sizes ATTRIBUTES OFFERINGS • Innovative • Personalized supply • Tailored chain services (SCaaS) Supply Global OEM, EMS & component suppliers • Problem-statement • Strategic, long-term assurance driven engagements SUPPLY CHAIN CONTINUUM Resilience • Vendor-
Slide 39: Simplifying supply chain complexities
Simplifying supply chain complexities Supply Chain Fast Facts Globally positioned for supply chain orchestration • Infrastructure strategically aligned with customer SC needs • Systemic synchronization and global execution • Resources positioned to provide the best service Customers using SCaaS (F
Slide 40: Supply chains in crisis
Supply chains in crisis Drivers: Labor, material and logistics constraints, nationalistic policies, ESG Complex, entangled semiconductor & electronics supply chain Global regionalization enablers • Business environment MEMORY – Local culture PACKAGING – Legal – Tax MATERIALS – Regulatory EQUIPMENT •
Slide 41: Sizable and growing market opportunity
Sizable and growing market opportunity Estimating market size Avnet’s supplier SAM 2022 Illustrative example of opportunity within top Avnet suppliers 0% 25% 50% 75% 100% Served TAM A $30 (excludes DRAM, Flash, MPU) B $28 ~$490B C $12 D $12 E $9 Annual Focused SAM $110B SAM F $6 (supplier direct) G
Slide 42: Positive financial supply chain contributions
Positive financial Supply Chain contributions Large scale supply chain opportunities are typically services revenue • Services revenue comes with a higher margin benefiting Avnet GP% and OI% • Supply chain services are deeply integrated with customers overall supply chains • As customers grow and ex
Slide 43: Avnet bridging the supply chain gap
Avnet bridging the supply chain gap Component COMPONENTMaker Priorities MAKER PRIORITIES Customer Priorities CUSTOMER PRIORITIES • Clear, long-term global demand • Business continuity planning visibility • Minimizing disruption risk GLOBAL ASSURANCE • Single version of the truth ORCHESTRATION OF SUP
Slide 44: Technical enablement
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 45: Maximizing value: Design Chain to Supply Chain
Maximizing value: Design Chain to Supply Chain Now bi-directional model – formerly left to right trajectory Large, multi-national with Innovators with finite engineering resources engineering resources Innovators who require Limited design chain Proactive design global supply needs from customer or
Slide 46: The demand creation process
The demand creation process Accelerating the design selling motion Engage Identify Design Register Claim Account manager FAE identifies FAE engages with the Obtain registration Claim design win recognizes an registerable parts that customer to complete from the supplier, when the project goes opport
Slide 47: Demand Creation at Avnet
Demand Creation at Avnet Demand Creation Fast Facts Y/Y growth 2,000 engineers WW Collaboration across regions to drive uplift in verticals Demand Creation $ 35% and applications Specialty capabilities Design win funnel 20% • Vertical market specialists and technology experts • Solution architec
Slide 48: Our keys to success
Our keys to success 1 Best engineers and technical teams 2 Key vertical and application focus 3 Digital acceleration 4 Supplier products and technologies 5 Design services, IoT, and software to create customer solutions People, products, and capabilities drive a differentiated value proposition
Slide 49: Demand Creation engagement from concept to POS
Demand Creation engagement from concept to POS Engaging deeper & broader. Accelerating Demand Creation efforts. Driving higher sales. Exposing unidentified solutions. 140K+ block diagrams More registrations per projects Rich sales enablement Cloud-based solution release 2022. tool for engineers Cu
Slide 50: Digital design enablement at work
Digital design enablement at work MyAvnet MyAvnet design hub tools & signals • Search / view reference designs • Interact with, modify, save designs • Bill-of-Materials & quotes • Calculators, communities, • Design canvas & rich functionality • Signals into demand 3rd party tools creation process •
Slide 51: Broadening the business
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 52: Avnet Embedded facts & figures
Avnet Embedded facts & figures $600M 2.0M+ 15 Design centers 750 Software engineers 1,000+ FY22 expected Systems & boards revenue sold annually 6 Production plants 130 Hardware engineers Field sales resources
Slide 53: Avnet Embedded solutions overview
Avnet Embedded solutions overview EMBEDDED COMPUTE DISPLAYS IOT / AI SYSTEMS Security Deep learning Data analytics SaaS SOFTWARE ENABLEMENT Focusing on key technologies – from Edge to Cloud
Slide 54: Embedded offerings evolving with the market
Embedded offerings evolving with the market Avnet Embedded addresses key market trends The shift from microcontrollers The shift from ‘chip-down’ to The shift from ‘make’ to ‘buy’ to microprocessors integrated solutions Adding value for our customers, partners and Avnet We help suppliers to bring Ou
Slide 55: Where does Avnet Embedded play?
Where does Avnet Embedded play? Industrial Professional Transportation Smart Building Medical Automation Consumer Wherever you find embedded computing, displays or software, Avnet Embedded is there.
Slide 56: Farnell overview (video)
Farnell overview PLAY VIDEO
Slide 57: Broadening the business
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 58: Opportunity
Opportunity Avnet and Farnell bring over 185 years of combined brand equity to a growing, global customer base. We ~$490B 2022 served component TAM are well established and have strong credibility in the (excludes DRAM, Flash, MPU) electronics components industry. Farnell is accelerating Avnet's evo
Slide 59: Our customers face many challenges
Our customers face many challenges Source Customers need products from a single source Supply Smaller companies have lesser product offerings and limited eCommerce offering Scale Industry 4.0 will rapidly outpace current suppliers’ ability to keep up Service Engineers and buyers need the advice of f
Slide 60: End-to-end solutions at scale
End-to-end solutions at scale Farnell delivers all the products, services and solutions that support every step of the design journey, from prototype and test right through to production and maintenance eCommerce platform Multi-channel experiences Our contact centers and warehouses allows for ease o
Slide 61: Farnell by the numbers
Farnell by the numbers Differentiated product technology and market leading service 13.2% FY22 YTD Operating income margin $1.8B 87M 10M 900K Revenue run rate Web visits Products on demand Customer contacts 830K 575K 71.5% ~2 sec element14 community members Products in stock Orders online Web load t
Slide 62: Supporting the technology community at every stage
Supporting the technology community at every stage UNIQUE and SYNERGISTIC collaboration Farnell growth from Avnet Avnet access to Farnell’s vast investment in inventory, systems, engineering customer base and eCommerce capabilities Farnell connects customers Avnet strengthens supplier to Avnet as th
Slide 63: Value chain
Value chain A unique value chain built to serve customers at every stage of product journey Online engineering community Research Concept Design Prototype NPI Production Service • Latest trends • Low touch • Low & medium • High service • Supplier NPI promotion • Ease of ordering volume production •
Slide 64: Looking ahead
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 65: Key Avnet financial highlights
Key Avnet financial highlights Delivering profitable growth Optimizing portfolio to enhance margin resilience Significant free cash flow generation & growing shareholder returns
Slide 66: Delivering growth and margin expansion
Delivering growth and margin expansion Revenue ($B) Adj operating margin1 $24.0 4.0% $19.5 $19.5 3.6% $19.0 3.3% $17.6 2.1% 1.7% FY18 FY19 FY20 FY21 FY22E FY18 FY19 FY20 FY21 FY22E Since our last Investor Day, we have made investments in growth and margin expansion while improving operations 1 Non-G
Slide 67: Investing in Demand Creation
Investing in Demand Creation Demand Creation % of Avnet Demand Creation initiatives 29% included putting our FAE tools 27% 25% 27% online to improve the productivity 25% of our FAEs, as well as making it easier to interact with customers Demand Creation revenue is ~300+ bps higher gross margin FY18
Slide 68: Investing in Farnell
Investing in Farnell Added active SKUs in …improved eCommerce site …which increased weekly visits inventory,1 … response time, … to our eCommerce site (K) (seconds) (M) 894 924 1.53 5.6 748 1.44 4.4 3.7 513 1.30 3.0 1.28 1.28 376 2.4 FY18 FY19 FY20 FY21 FY22E FY18 FY19 FY20 FY21 FY22E FY18 FY19 FY20
Slide 69: Expanding Farnell's operating margin
Expanding Farnell’s operating margin Farnell operating margin Drivers 14.9% • SKU additions 2.2% 13.2% Y/Y pricing • Systems improvement 10.9% • Pricing 10.2% • Data analytics tools 5.8% 5.8% • Marketing • element14 engineering community FY18 FY19 FY20 FY21 FY22E Q3 • Online payments FY22
Slide 70: Optimized to focus on high growth markets
Optimized to focus on high growth markets Avnet sales by end market % of Avnet Served semiconductor TAM Industrial revenues 2022-2025 3-yr CAGR 28% Industrial 28% 7.1% * Emerging: Consumer 17% 2.8% • Education Emerging* • Energy / Other Consumer Data Processing 13% 3.6% • Healthcare 14% 17% • Securi
Slide 71: Improving operational efficiency
Improving operational efficiency Op expense as a % of revenue1 Net working capital days $245M op expense initiative 88 86 10.0% 10.0% 85 9.4% 9.2% 74 8.2% 69 FY18 FY19 FY20 FY21 FY22E FY18 FY19 FY20 FY21 FY22E 1 Non-GAAP measure. See Non-GAAP Definitions section in the Appendix of this presentation.
Slide 72: Generating cash drives shareholder returns
Generating cash drives shareholder returns… Dividend (per share) Share count (M) From FY18 to FY22E… 120 • Generated ~$1.8B cash 111 $1.00 100 100 • Increased dividend ~35% $0.84 $0.85 100 $0.80 $0.74 • Reduced share count by ~17% FY18 FY19 FY20 FY21 FY22E FY18 FY19 FY20 FY21 FY22E
Slide 73: ...all of which increased EPS
…all of which increased EPS Adj EPS1 Revenues increased 26% and EPS 90% $6.80 Sustainable improvements • Grew higher margin businesses – Demand Creation $4.11 – Farnell $3.57 $2.71 • Growth in Americas $2.04 • Improved cost structure • Lower share count FY18 FY19 FY20 FY21 FY22E 1 Non-GAAP measure.
Slide 74: Our focus for the next 3 to 4 years
Our focus for the next 3 to 4 years Delivering shareholder returns Pursuing inorganic growth opportunities • Dividends Continuing operational • Share repurchases improvements • Tuck-in acquisitions Accelerating growth of accretive to operating premium, higher-margin • Operating expenses margins busi
Slide 75: Increase in share repurchase authorization to $600M
Today, we are announcing an increase in our share repurchase $600M authorization to…
Slide 76: Key investment highlights
Key investment highlights Leader in mission-critical market 1 • Increased “electrification of everything” with macro tailwinds… • Record levels of spend on semiconductors and connected devices …taking on increased importance 2 • Current disruptions are forcing companies to reimagine supply chain con
Slide 77: Non-GAAP Definitions
Non-GAAP Definitions In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company also discloses certain non-GAAP financial information including (i) adjusted operating income, (ii) adjusted ope
Slide 78: Non-GAAP Definitions
Non-GAAP Definitions ($ in thousands, except per share amounts) Fiscal 2022 Forecast GAAP operating income $921,923 Restructuring, integration and other expenses 5,272 Management also believes income tax expense (benefit), income from Russian-Ukraine conflict related expenses 26,261 continuing opera
Slide 79: Q&A
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 80: Questions
Questions For more information, please visit https://ir.avnet.com/
Slide 81: Closing comments
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 82: Our commitment to ESG
Our commitment to ESG We do the right thing and remain accountable to our stakeholders Governance Environment People Ethics and compliance are the We create sustainable operations We focus on talent, cultivating foundation in which our and enable technology solutions DEI and creating a high- Governa
Slide 83: Avnet's value prop is as relevant as ever
Avnet’s value prop is as relevant as ever • Pervasiveness of electronics is creating secular long-term growth • Supply chain disruptions are expanding SCaaS opportunities • Avnet and Farnell is a unique, synergistic value proposition • Accelerate higher-margin businesses • Counter-cyclical balance s
Slide 84: At the center of the global technology supply chain
At the center of the global technology supply chain, Avnet partners with our suppliers to drive our mutual goals around customer expansion, demand creation and revenue growth. 84
Slide 85: Accelerating customer success from design chain to supply chain
Together, we accelerate our customer’s success from design chain to supply chain, Enabling customers to open new revenue streams and speed time to market for their products
Slide 86: Please join us: Networking hour
10:35 AM A view from the top Rod Adkins & Phil Gallagher 11:05 AM Our view on the market Alex Iuorio 11:20 AM Broadening the business Dayna Badhorn & Slobodan Puljarevic 11:50 AM Supplier & customer panel Moderated by Alex Iuorio 12:35 PM Lunch 1:05 PM Supply chain opportunities David Paulson & Ken
Slide 87: For more information, please visit ir.avnet.com
For more information, please visit https://ir.avnet.com/