Slide 1: Fourth Quarter & Fiscal Year 2024 Financial Results and Investor Briefing
FOURTH QUARTER & FISCAL YEAR 2024 Financial Results and Investor Briefing PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 1
Slide 2: Fiscal Year 2024 Financial Results
Fiscal Year 2024 Financial Results NET REVENUE CORE OP MARGIN 1 CORE EPS 1 FREE CASH FLOW 1 $ 28.9 5.5% $ 8.49 $1+ BILLION BILLION 1 See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/ PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 2
Slide 3: New Business Segments
New Business Segments REGULATED INTELLIGENT CONNECTED LIVING & INDUSTRIES INFRASTRUCTURE DIGITAL COMMERCE Focusing on regulated markets. Focusing on AI infrastructure. Focusing on multiple end-markets. • Automotive & Transportation • Cloud & Data Center • Connected Living Infrastructure • Healthcare
Slide 4: Forward Looking Statement
Forward Looking Statement Forward Looking Statements: This presentation contains forward-looking statements, including those regarding our anticipated financial results for our fourth quarter and fiscal year 2024; our guidance for future financial performance in our first quarter of fiscal year 2025
Slide 5: PUBLIC | ©Jabil Inc. 2024. All Rights Reserved.
PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 5
Slide 6: Fourth Quarter and FY 2024 Income Highlights
Fourth Quarter and FY 2024 Income Highlights THREE MONTHS ENDED FISCAL YEAR ENDED AUGUST 31, AUGUST 31, (In millions, except for per share data) 2024 2023 2024 2023 Net revenue $6,964 $8,458 $28,883 $34,702 U.S. GAAP operating income $318 $441 $2,013 $1,537 U.S. GAAP net income $138 $155 $1,388 $818
Slide 7: Fourth Quarter FY 2024 Segment Results
Fourth Quarter FY 2024 Segment Results DIVERSIFIED MANUFACTURING SERVICES (DMS) ▪ Net Revenue decrease 22% y/y ▪ Core margin* (non-GAAP) of 5.4% ELECTRONICS MANUFACTURING SERVICES (EMS) EMS $7.0B DMS ▪ Net Revenue decrease of 13% y/y 50% REVENUE 50% ▪ Core margin* (non-GAAP) of 6.1% TOTAL COMPANY ▪
Slide 8: FY24 Revenue by End-Market
FY24 Revenue by End-Market $ in billions Revenue by End-Market FY23 FY24 Y/Y % ∆ Auto & Transportation $4.4 $4.5 2% Healthcare & Packaging $5.6 $5.5 -2% Networking & Storage $3.1 $2.9 -6% Industrial & Semi-Cap $4.4 $3.7 -16% Digital Print & Retail $3.1 $2.7 -13% Connected Devices $4.0 $3.4 -15% 5G W
Slide 9: Fiscal Year 2024 Cashflow Highlights
Fiscal Year 2024 Cashflow Highlights FISCAL YEAR ENDED AUGUST 31, ($ millions) 2024 Net cash provided by operating activities $1,716 Acquisition of property, plant and equipment ($784) Proceeds and advances from sale of property, $123 plant and equipment Net capital expenditures1 ($661) Adjusted fre
Slide 10: Financial Flexibility
Financial Flexibility Balanced Capital Structure FINANCIAL STRENGTH ($ in millions) 1. Balance sheet debt of $2.9B, 3,000 as of August 31, 2024 2. Credit Agency Ratings/Outlook2 2,500 • Moody’s: Baa3 / Stable 2,000 • S&P: BBB- / Stable 1,500 • Fitch: BBB- / Stable 1,000 500 Fully committed to mainta
Slide 11: Consistent Shareholder Returns
Consistent Shareholder Returns Supported by New $1 Billion Share Repurchase Authorization Cumulative Shareholder Returns Shares Outstanding FY13-FY24 ($ in millions) 220 Share Repurchases Dividends 200 44% reduction 180 160 203 194 192 187 $6.7B 140 178 165 154 150 120 144 135 131 114 100 FY13 FY14
Slide 12: Jabil's Financial Performance
Jabil’s Financial Performance What We’re Doing is Working CORE OP INCOME & CORE OP MARGIN1 CORE EPS1 FREE CASH FLOW1 (In millions) (In millions) $1,733 $1,588 $8.63 $8.49 $1,026 $1,055 $1,543 $7.65 5.5% $810 $1,241 5.0% $5.61 $640 $877 $864 4.6% $503 $461 4.2% $2.98 $2.90 3.5% 3.2% FY19 FY20 FY21 FY
Slide 13: First Quarter FY25 Guidance
First Quarter FY25 Guidance Segment Revenue Guidance Q1 FY24 Q1 FY25E Regulated Industries $3.2B $2.9B Intelligent Infrastructure $2.4B $2.3B Connected Living & Digital Commerce $2.8B $1.4B Consolidated Guidance Q1 FY25E Net revenue $6.3B - $6.9B U.S. GAAP operating income $143M - $223M U.S. GAAP di
Slide 14: Our Outlook: FY25 Financial Plan
Our Outlook FY25 Financial Plan NET REVENUE CORE OP MARGIN 1 CORE EPS 1 FREE CASH FLOW 1 $ 27 5.4% $ 8.65 $ 1.2 BILLION BILLION M A N AGEMENT ’S OU T LOOK F OR F Y 2 5 1 See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/ PUBLIC | ©Jabil Inc. 2024. All R
Slide 15: PUBLIC | ©Jabil Inc. 2024. All Rights Reserved.
PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 15
Slide 16: Segments and End-Markets: Regulated Industries
REGULATED INTELLIGENT CONNECTED LIVING & SEGMENTS INDUSTRIES INFRASTRUCTURE DIGITAL COMMERCE END-MARKETS AUTOMOTIVE & HEALTHCARE & RENEWABLES & ENERGY TRANSPORTATION PACKAGING INFRASTRUCTURE PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 16
Slide 17: Automotive & Transportation
Automotive & Transportation ADAS / AV CONNECTIVIT Y & ELECTRIFICATION SOF T WARE-DEFINED INFOTAINMENT VEHICLES PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 17
Slide 18: Renewables & Energy Infrastructure
Renewables & Energy Infrastructure RENEWABLES ENERGY INFRASTRUCTURE BUILDING TECHNOLOGIES PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 18
Slide 19: Healthcare
Healthcare MEDICAL DEVICES DIAGNOSTICS ORTHOPEDICS PHARMACEUTICAL DELIVERY SYSTEMS PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 19
Slide 20: PUBLIC | ©Jabil Inc. 2024. All Rights Reserved.
PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 20
Slide 21: Segments and End-Markets: Intelligent Infrastructure
REGULATED INTELLIGENT CONNECTED LIVING & SEGMENTS INDUSTRIES INFRASTRUCTURE DIGITAL COMMERCE END-MARKETS CAPITAL CLOUD & DATA CENTER NET WORKING & EQUIPMENT INFRASTRUCTURE COMMUNICATIONS PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 21
Slide 22: Capital Equipment
Capital Equipment WAFER FABRICATION AUTOMATED TEST EQUIPMENT EQUIPMENT PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 22
Slide 23: Cloud & Data Center Infrastructure
Cloud & Data Center Infrastructure SERVERS & STORAGE DATA CENTER INFRASTRUCTURE PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 23
Slide 24: Networking & Communications
Networking & Communications WIRELESS WIRELINE PHOTONICS PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 24
Slide 25: PUBLIC | ©Jabil Inc. 2024. All Rights Reserved.
PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 25
Slide 26: Segments: Connected Living & Digital Commerce
REGULATED INTELLIGENT CONNECTED LIVING & SEGMENTS INDUSTRIES INFRASTRUCTURE DIGITAL COMMERCE END-MARKETS CONNECTED DIGITAL LIVING COMMERCE PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 26
Slide 27: Digital Commerce
Digital Commerce POINT OF SALE WAREHOUSE IN-STORE PAYMENT SELF-SERVICE AUTOMATION DIGITALIZATION SYSTEMS PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 27
Slide 28: PUBLIC | ©Jabil Inc. 2024. All Rights Reserved.
PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 28
Slide 29: Our Vision and Strategy Remain Intact
Our Vision and Strategy Remain Intact Our vision is to be the world’s most technologically advanced and trusted manufacturing solutions provider. OUR CORE STRENGTHS MANUFACTURING ENGINEERING SUPPLY CHAIN Diversified End-Markets Evolving Technology Our Global Footprint with Secular Trends Landscape O
Slide 30: Our Team
Our Team Aligned and Focused STEVE BORGES MAT T CROWLEY ANDY PRIESTLEY REGULATED INTELLIGENT CONNECTED LIVING & INDUSTRIES INFRASTRUCTURE DIGITAL COMMERCE Auto & Transport Capital Equipment Connected Living Healthcare & Packaging Cloud & DCI Digital Commerce Renewable Energy Infrastructure Networkin
Slide 31: Continue Investing in Key Capabilities
Continue Investing in Key Capabilities NPI Design Engineering Additive Manufacturing AI / ML Manufacturing Automation Mechanics Industrial Engineering Optics REGULATED INTELLIGENT CONNECTED LIVING & INDUSTRIES INFRASTRUCTURE DIGITAL COMMERCE Clean Room Photonics Design & Manuf. Autonomous Robotics I
Slide 32: Our Financial Priorities
Our Financial Priorities Value Creation For Shareholders EXPAND INCREASE GENERATE RETURN OPERATING EARNINGS STRONG CASH CAPITAL TO MARGINS PER SHARE FLOWS SHAREHOLDERS ALIGNED & FOCUSED ON DRIVING CONSISTENT CASH FLOWS & PROFITABILIT Y See U.S. GAAP to non-GAAP definitions located at https://investo
Slide 33: Our Approach
Our Approach Nimble Customer-Centric Model PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 33
Slide 34: Our Customers
Our Customers Long-term Partnerships REGULATED INTELLIGENT CONNECTED LIVING & INDUSTRIES INFRASTRUCTURE DIGITAL COMMERCE PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 34
Slide 35: Global Operations Enable Manufacturing at Scale
Global Operations Enable Manufacturing at Scale 100+ Sites Strategically Located Around the World ASIA Bandung Hachioji Neihu Shenzhen Weihai Batu Kawan Ho Chi Minh Penang Singapore Wuhan Beijing Hsinchu Pune Sungai Petani Wuxi Changhua Huangpu Sanchong Suzhou GLOBAL HEADQUARTERS Gotemba Kulim Shang
Slide 36: Our Long-term Revenue Growth by Segment
Our Long-term Revenue Growth By Segment FY25E L/T Target $ in billions FY23 FY24 FY25E Y/Y Var Growth Auto & Transport $4.4 $4.4 $4.2 -5% Healthcare & Packaging $5.5 $5.4 $5.5 2% Renewable Energy Infrastructure $3.1 $2.4 $2.5 4% Regulated Industries Revenue $13.0 $12.3 $12.2 -1% 5% - 8% Core Margin
Slide 37: Our Long-Term Financial Targets
Our Long-Term Financial Targets Where We are Heading REVENUE GROSS EXPAND CORE CORE EARNINGS STRONG FREE CORE RETURN ANNUAL GROW TH PROFIT OPERATING PER SHARE CASH FLOW ON INVESTED CAPITAL TO MARGINS MARGINS GROW TH CONVERSION1 CAPITAL SHAREHOLDERS 5% - 7% 9% - 10% 6%+ 12% - 15% 80% - 100% 30%+ 80%
Slide 38: Thank you
Thank you for your commitment and dedication to our customers, communities, and each other. PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 38
Slide 39: Q&A
Q&A Mike Greg Steve Matt Andy Adam Dastoor Hebard Borges Crowley Priestley Berry
Slide 40: Made Possible
MADE POSSIBLE. JABIL | MAdEpossial
Slide 41: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP TO NON-GAAP RECONCILIATIONS
Slide 42: 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 Fiscal Year Ended August 31, 2024 August 31, 2023 August 31, 2024 August 31, 2023 Operating income (U.S. GAAP) $ 318 $ 441 $ 2,013 $ 1,5
Slide 43: New Reporting Segments
New Reporting Segments Aligned and Focused $ in billions FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 FY24 Q1 FY25E Revenue Regulated Industries $13.0 $3.19 $2.98 $3.05 $3.04 $12.3 $2.9 Core Margin1 5.0% 4.6% 4.6% 6.0% 6.1% 5.3% Revenue Intelligent Infrastructure $11.1 $2.37 $2.24 $2.28 $2.31 $9.2 $2.3 Core