Slide 1: Fiscal Fourth Quarter 2024 Highlights
PLEXUS CONFIDENTIAL FISCAL FOURTH QUARTER 2024 HIGHLIGHTS October 23, 2024
Slide 2: Safe Harbor and Fair Disclosure Statement
PLEXUS CONFIDENTIAL SAFE HARBOR AND FAIR DISCLOSURE STATEMENT Some of the statements made and information provided during our call as well as information included in the supporting materials will be forward looking statements, including, without limitation, those regarding revenue, gross margin, sel
Slide 3: Fiscal Fourth Quarter Themes
PLEXUS CONFIDENTIAL FISCAL FOURTH QUARTER THEMES Achieved goal of 6% Record F24 free cash Robust demand in non-GAAP operating flow of $341 million. Aerospace/Defense as margin in Q4F24. Will continue to deploy well as Healthcare/Life Maintain strong free cash flow to create Sciences and Industrial
Slide 4: Financial Results
PLEXUS CONFIDENTIAL FINANCIAL RESULTS * ** ● Stronger late-quarter demand across multiple market sectors ● Non-GAAP operating margin met long-term goal ● Robust non-GAAP EPS performance from operating leverage and FCF deployment Excludes approximately 110 bps of stock-based compensation expense E
Slide 5: Wins and Funnel Highlights
PLEXUS CONFIDENTIAL WINS AND FUNNEL HIGHLIGHTS ● F24 manufacturing wins exceeded $1 billion ● Continued strength in Healthcare/Life Sciences manufacturing program wins results in record F24 performance for the market sector 5
Slide 6: Sustainable & Responsible: Fiscal 2024 Highlights
PLEXUS CONFIDENTIAL SUSTAINABLE & RESPONSIBLE | FISCAL 2024 HIGHLIGHTS >10% >5% estimated global reduction in estimated Scope 1 and 2 emissions waste-to-landfill, surpassing 5% fiscal reduction over fiscal 2023 baseline YoY goal $1M+ 20K+ donated globally through the Plexus paid global volunteer hou
Slide 7: Fiscal 2025 First Quarter Guidance
PLEXUS CONFIDENTIAL FISCAL 2025 FIRST QUARTER GUIDANCE ● Q1F25 revenue of $960 million to $1.00 billion. Non-GAAP EPS of $1.52 to $1.67. ● F25 revenue growth to benefit from robust A&D demand and modest HC/LS and IND growth ● Maintain operating margin performance of recent quarters for F25 Represen
Slide 8: Market Sector Performance: Aerospace/Defense
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE AEROSPACE/DEFENSE Q4F24 vs. Q3F24 + 3% Q1F25 Expectations Down high single ● Q4F24 above expectations on demand pull-ins ● Q4F24 wins highlights: and strength in engineering solutions ○ Complex RF product for defense prime ● F24 revenue up 21% ○ Engine
Slide 9: Market Sector Performance: Healthcare/Life Sciences
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE HEALTHCARE/LIFE SCIENCES Q4F24 vs. Q3F24 + 9% Q1F25 Expectations Down high single ● Q4F24 beat expectations on demand pull-ins ● Q4F24 wins highlights: ● F24 consistent with prior expectations ○ Two significant awards with a top 10 ● Cautious demand en
Slide 10: Market Sector Performance: Industrial
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE INDUSTRIAL Q4F24 vs. Q3F24 + 12% Q1F25 Expectations Down mid single ● Q4F24 above expectations on strength in ● Q4F24 wins highlights: SemiCap and Energy ○ Next-gen Test & Measurement platform ● F24 met expectations ○ Share gain with SemiCap customer o
Slide 11: Regional Manufacturing Wins Trends
PLEXUS CONFIDENTIAL REGIONAL MANUFACTURING WINS TRENDS EMEA APAC $5M $30M Q4F24 AMER $195M $1 Billion of Fiscal 2024 Manufacturing Wins 11
Slide 12: Qualified Manufacturing Funnel Trends
PLEXUS CONFIDENTIAL QUALIFIED MANUFACTURING FUNNEL TRENDS Funnel Supports Continued Strength in Manufacturing Wins 12
Slide 13: Income Statement
PLEXUS CONFIDENTIAL INCOME STATEMENT Q4F23 Q3F24 Q4F24 Actual Q4F24 Guidance Revenue $1.02 billion $961 million $1.05 billion $990 million to $1.03 billion Gross margin 9.4% 9.8% 10.3% 9.7% to 10.0% Selling & administrative expense $43.4 million $46.0 million $54.1 million $50.5 to $51.5 million GAA
Slide 14: Cash Flow and Balance Sheet
PLEXUS CONFIDENTIAL CASH FLOW AND BALANCE SHEET Q4F23 Q3F24 Q4F24 Free cash flow $65.6 million $114.2 million $193.8 million Share repurchases $3.4 million $18.6 million $19.5 million Cash balance $257 million $270 million $347 million Total debt $431 million $349 million $247 million Return on inve
Slide 15: Working Capital Trends
PLEXUS CONFIDENTIAL WORKING CAPITAL TRENDS Q4F23 Q1F24 Q2F24 Q3F24 Q4F24 Days in Accounts Receivable 59 61 61 61 54 Days in Contract Assets 13 12 12 11 10 Days in Inventory 154 161 158 151 127 Days in Accounts Payable 64 66 65 62 59 Days in Advanced Payments 75 73 75 78 68 15 Net Cash Cycle Days 87
Slide 16: Fiscal First Quarter 2025 Guidance
PLEXUS CONFIDENTIAL FISCAL FIRST QUARTER 2025 GUIDANCE Q1F24 Q4F24 Q1F25 Guidance Revenue $983 million $1.05 billion $960 million to $1.00 billion GAAP diluted EPS $1.04 $1.48 $1.25 to $1.40 Non-GAAP diluted EPS $1.23 $1.85 $1.52 to $1.67 Gross margin 9.0% 10.3% 10.1% to 10.4% Selling & administrati
Slide 17: Q&A Thank you.
PLEXUS CONFIDENTIAL Q&A Thank you.