Slide 1: Q1 2020 Performance and COVID-19 Update
Q1 2020 Performance and COVID-19 Update March 2020 1
Slide 2: Legal Notices
Legal Notices SAFE HARBOR Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statement
Slide 3: COVID-19 Impact To Date
COVID-19 Impact To Date Asia Europe Americas ▪ Electronics assembly ▪ Minimal demand impact ▪ Muted impact on demand customers experienced largest through February through February disruptions to supply chains in Q1 2020 ▪ European automotive OEMs ▪ OEM shutdowns began in Demand began shutdowns in M
Slide 4: Actions in Response to COVID-19
Actions in Response to COVID-19 ▪ Protecting our people and their families by promoting a healthy, safe environment is our priority ▪ All facilities increased health and safety protocols, including where appropriate temperature monitoring, staggered lunches, and sufficient ‘social-distancing’ as wel
Slide 5: Q1 2020 Expectations
Q1 2020 Expectations Expectation Notes ▪ Asia impacted by COVID-19 in February and to a lesser extent in March Organic ~ 5% organic* decline o Most of impact is in Assembly Net Sales* year-over-year ▪ Underlying demand for 5G infrastructure remains strong ▪ Europe and Americas roughly on plan across
Slide 6: Balance Sheet & Liquidity
Balance Sheet & Liquidity Forecasted for March 31, 2020 $ Net Leverage1 Maturity Notes ▪ In abundance of caution, drew $320 million of $330 million revolver this week Cash ~ $500M (1.1)x ▪ Currently have approx. $500 million of liquidity, of which approx. $350 million is in the U.S. Revolver $320M (
Slide 7: Near-Term Outlook
Near-Term Outlook Key End-Markets Market Health Commentary ▪ Asia electronics markets expected to operate at approx. 80-90% capacity in Q2 2020 with continued strength in 5G infrastructure spending offsetting consumer electronics and automotive electronics weakness Electronics ◐ ▪ Critical variable
Slide 8: Non-GAAP Definitions
Non-GAAP Definitions Adjusted EBITDA: Adjusted EBITDA is defined as EBITDA (earnings before interest, provision for income taxes, depreciation and amortization), excluding the impact of additional items included in GAAP earnings which the Company believes are not representative or indicative of its