Slide 1: Third Quarter 2021 Results
THIRD QUARTER 2021 RESULTS June 17, 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 third quarter of fiscal year 2021; our guidance for future financial performance in our fourth 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: Third Quarter 2021 Financial Highlights
Third Quarter 2021 Financial Highlights NET REVENUE $7.2 BILLION ✓ Continued end market strength CORE OP INCOME ✓ Solid Execution $277 ✓ Well-Balanced Contributions MILLION CORE OP MARGIN 3.8% See U.S. GAAP to non-GAAP reconciliation in appendix. Core operating margin defined as core operating incom
Slide 6: Well-Diversified Commercial Portfolio
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 $29.5 4.2% ~ $5.50 $630 + BILLION MILLION MOMENTUM CONTINUES See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/ 7
Slide 8: Jabil FY22 Annual Investor Briefing
JABIL FY22 ANNUAL INVESTOR BRIEFING Our Strategy. Our Path. Our Outlook.
Slide 9: Thank You
THANK YOU
Slide 10: Financial Update
> Financial Update
Slide 11: Third Quarter 2021 Financial Highlights
Third Quarter 2021 Financial Highlights NET REVENUE ✓ Revenue $7.2 • Continued strength, including Mobility, Cloud, Connected Devices, and Semi-Cap BILLION ✓ Core Operating Margin CORE OP MARGIN • Solid operating leverage ✓Core Diluted EPS 3.8% • Strong year-over-year growth CORE DILUTED EPS $1.30 S
Slide 12: Third Quarter 2021 Income Highlights
Third Quarter 2021 Income Highlights Three months ended May 31, (In millions, except for per share data) 2021 2020 Net revenue $7,215 $6,336 U.S. GAAP operating income $240 $59 U.S. GAAP net income (loss) $169 ($51) U.S. GAAP diluted earnings (loss) per share $1.12 ($0.34) Core operating income (non
Slide 13: Third Quarter Segment Results
Third Quarter Segment Results DIVERSIFIED MANUFACTURING SERVICES (DMS) ▪ Net revenue increase of 21% ▪ Core operating margin1 (non-GAAP) of 3.9% ELECTRONICS MANUFACTURING SERVICES (EMS) ▪ Net revenue increase of 8% EMS $7.2B DMS ▪ Core operating margin1 (non-GAAP) of 3.8% 50% REVENUE 50% TOTAL COMPA
Slide 14: Cash Flow Highlights
Cash Flow Highlights Three Months Ended May 31, (In millions) 2021 Cash flow from operations $585 Net capital expenditures1 $197 Adjusted free cash flow (non-GAAP)2 $388 Core EBITDA (non-GAAP)1 $489 Share repurchases $130 1 See U.S. GAAP to non-GAAP reconciliation in appendix and U.S. GAAP to non-GA
Slide 15: Fourth Quarter FY21 Guidance
Fourth Quarter FY21 Guidance Segment Revenue Guidance Q4 FY20 Q4 FY21E YoY Change ▪ Diversified Manufacturing Services $3.57B $3.95B Increase 11% ▪ Electronics Manufacturing Services $3.72B $3.65B Decrease 2%* Consolidated Guidance Q4 FY21E Net revenue $7.3B - $7.9B U.S. GAAP operating income $242M
Slide 16: Our Portfolio End-Markets
Our Portfolio End-Markets DIVERSIFIED MANUFACTURING ELECTRONICS MANUFACTURING $ in billions FY20 FY21E $ in billions FY20 FY21E Healthcare & Packaging $4.2 $4.8 Digital Print & Retail $2.3 $2.4 Automotive & Transportation Industrial & Semi-Cap $3.5 $3.6 $1.7 $2.2 Connected Devices $4.0 $4.3 5G, Wire
Slide 17: FY21 Financial Update: Strong Outlook
FY21 Financial Update Strong Outlook NET REVENUE CORE OP MARGIN CORE DILUTED EPS FREE CASH FLOW $29.5 4.2% ~ $5.50 $630 + BILLION MILLION MOMENTUM CONTINUES See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/ 17
Slide 18: Mark Mondello, CEO and Mike Dastoor, CFO
MARK MONDELLO MIKE DASTOOR CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
Slide 19: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP to Non-GAAP Reconciliations
Slide 20: Operating Income, EBITDA and Net Income Non-GAAP Reconciliation
OPERATING INCOME, EBITDA and NET INCOME NON-GAAP RECONCILIATION (In thousands, except for per share data) (Unaudited) Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Operating income (U.S. GAAP) $ 239,774 $ 59,384 $ 790,074 $ 302,793 Amortization of intangibl