Flex Ltd. · NASDAQ:FLEX
Flex — Merger or Acquisition (February 2022)
7 slides from Flex's merger presentation, Feb 2, 2022
Slide 1: Nextracker to Partner with TPG
Nextracker to Partner with TPG February 2022 © 2022 Flex – Confidential
Slide 2: Risks and Non-GAAP Disclosures
Risks and Non-GAAP Disclosures This presentation contains forward-looking statements within the meaning of U.S. securities laws, including: statements related to future expected revenues and earnings per share; and our consideration of alternatives relating to our Nextracker business. These forward-
Slide 3: Today's Agenda
Today’s Agenda Investment Overview Revathi Advaithi | Chief Executive Officer, Flex Nextracker Dan Shugar | Chief Executive Officer, Nextracker TPG Rise Climate Jim Coulter | TPG Founding Partner and Executive Chairman, Managing Partner of TPG Rise Climate 3 © 2022 Flex – Confidential
Slide 4: Nextracker and TPG partnership Investment Overview
Nextracker and TPG partnership Investment Overview $500 million investment represents an implied $3 billion enterprise value for Nextracker TPG Rise Climate brings deep experience Convertible preferred security; 5.0% annual dividend; and a broad, converts into common equity at the time of a qualifie
Slide 5: Nextracker
Nextracker Global PV Tracker Market Share3 • #1 Global Leader in Solar Tracking1 – Cumulative Six Year Shipments > Top 3 competitors1 2%2% 6% Nextracker • Over 50 GW of solar tracker systems shipped2 3% 3% 29% • Global presence 4% 2020 – 469 staff worldwide, 8 global offices2 5% Nextracker • Robust
Slide 6: TPG Rise Climate
TPG Rise Climate The TPG Chassis New, large, dedicated pool of capital to address climate change ~900 280 TPG Employees Active Companies 12 30+ Offices Countries Decarbonized Clean Energy Enabling Solutions Transport 5 ~ $120 BN Platforms Annual Revenue 114 50+ Ag & Natural Senior Advisors IPOs sinc
Slide 7: Slide 7