Slide 1: Second Quarter 2022 Results
SECOND QUARTER 2022 RESULTS March 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 second quarter 2022; our guidance for future financial performance in our third quarter of fiscal year 2022 (including, net
Slide 3: Business Update
BUSINESS UPDATE Mark Mondello March 16, 2022 3
Slide 4: Plus, many others in Jabil locations worldwide
Plus, many others in Jabil locations worldwide
Slide 5: Our People
OUR PEOPLE Jabil’s Most Valued Differentiator
Slide 6: Second Quarter FY 2022 Highlights
Second Quarter FY 2022 Highlights NET REVENUE CORE OP MARGIN1 CORE EPS1 $7.6 $1.68 4.6% BILLION 1 See U.S. GAAP to non-GAAP reconciliation in appendix Core operating margin = Core operating income divided by revenue
Slide 7: Our Portfolio
Our Portfolio Trusted Partner Digital Print & Retail Mobility Industrial & Semi-Cap Healthcare & Packaging 5G Wireless & Cloud Connected Devices Networking & Auto & Transportation Storage 7
Slide 8: Outlook and Financial Plan FY22
FY22 Outlook and Financial Plan NET REVENUE CORE OP MARGIN CORE EPS FREE CASH FLOW $32.6 4.6% $7.25 $700+ BILLION MILLION MANAGEMENT’S OUTLOOK FOR FY22 See U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/
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 March 16, 2022 10
Slide 11: Second Quarter 2022 Income Highlights
Second Quarter 2022 Income Highlights Three Months Ended February 28, (In millions, except for per share data) 2022 2021 Net revenue $7,553 $6,828 U.S. GAAP operating income $313 $236 U.S. GAAP net income $222 $152 U.S. GAAP diluted earnings per share $1.51 $0.99 Core operating income (non-GAAP)1 $3
Slide 12: Second Quarter FY22 Segment Results
Second Quarter FY22 Segment Results DIVERSIFIED MANUFACTURING SERVICES (DMS) ▪ Net Revenue Increase of 4% ▪ Core margin* (non-GAAP) of 5.1% ELECTRONICS MANUFACTURING SERVICES (EMS) EMS $7.6B DMS ▪ Net Revenue Increase of 19% ▪ Core margin* (non-GAAP) of 4.0% 50% REVENUE 50% TOTAL COMPANY ▪ Net Reven
Slide 13: Cash Flow Highlights
Cash Flow Highlights Three Months Ended February 28, $ in millions 2022 Net cash provided by operating activities $246 Net capital expenditures1 ($201) Adjusted free cash flow (non-GAAP)2 $45 Core EBITDA (non-GAAP)1 $566 Share repurchases $145 1 See U.S. GAAP to non-GAAP reconciliation in appendix a
Slide 14: Third Quarter FY22 Guidance
Third Quarter FY22 Guidance Segment Revenue Guidance Q3 FY21 Q3 FY22E YoY Change ▪ Diversified Manufacturing Services $3.6B $4.2B Increase ~17% ▪ Electronics Manufacturing Services $3.6B $4.0B Increase ~11% Consolidated Guidance Q3 FY22E Net revenue $7.9B - $8.5B U.S. GAAP operating income $276M - $
Slide 15: Our Portfolio: 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 $3.3 Digital Print & Retail $2.3 $2.3 $2.9 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 MARGIN CORE EPS FREE CASH FLOW $32.6 4.6% $7.25 $700+ BILLION MILLION MANAGEMENT’S OUTLOOK FOR FY22 See 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, EBITDA and Net Income Non-GAAP Reconciliation
JABIL INC. AND SUBSIDIARIES OPERATING INCOME, EBITDA and NET INCOME NON-GAAP RECONCILIATION (In millions, except for per share data) (Unaudited) Three months ended Six months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Operating income (U.S. GAAP) $ 313 $ 236 $ 663