Results for Q2 Fiscal 2016 презентация

2015)

on current expectations and assumptions that are subject to risks and uncertainties and actual results could materially differ. Such information is subject to change and we undertake no obligation to update these forward-looking statements. For a discussion of the risks and uncertainties, see our most recent filings with the Securities and Exchange Commission, including our current, annual and quarterly reports.
 
If this presentation references non-GAAP financial measures, these measures are located on the “Investor Relations” section of our website, www.flextronics.com along with the required reconciliation to the most comparable GAAP financial measures.

section of our website which contain the reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures

website which contain the reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures

Return on Invested Capital
(ROIC %)

Adjusted Earnings Per Share
(EPS)

Adjusted Operating Income
($ in millions)

Revenue & Adjusted Gross Margin
($ in millions)

section of our website which contain the reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures

INS

CTG

HRS

($ in millions)

IEI

Target Adjusted Operating Margin Range

1. Corporate services and other related to unallocated cost

OP $

OP %

3%

5%

7%

3%

4%

4%

6%

Strong sequential top-line growth and improved utilization levels

Remained within target range while managing mobile phone demand erosion in China

Q2 FY16
(Sep-15)

Exceeded target range due to solid execution and strong contribution from MCi acquisition

Revenue fell short of expectations due to ramp challenges and increased macro weakness

2%

~$25M
Outlook: quarterly estimate of ~$25M

Interest & other expense, net

Q2 FY16 was 11.4%
Outlook: 8-10% tax rate

Adjusted income tax rate

Intangible amortization $16M
Stock based compensation $16M
Aggregate impact on EPS $0.05

Reconciliation between GAAP and Adjusted EPS

of Annual Free Cash Flow to Shareholders

credit metrics (Debt / EBITDA (LTM): 2.2x)

below guidance
Capex expected in-line or below depreciation for rest of the fiscal year

Controlling the Controllable

Sketch-to-scale engagement model well received by customers
Nike partnership exemplifies sketch-to-scale value proposition and fresh approach to innovation, design and manufacturing

Improving Engagement Model

Invested $142M to repurchase ~13M shares or ~2% of float
NEXTracker acquisition complements our $1B+ Energy business and drives accretive growth, margin, EPS and cash flow

Deploying Capital In A Disciplined Way

$20 million for stock based compensation, of which approximately $17 million is excluded from adjusted SG&A.
GAAP EPS reflects approximately $0.06 for intangible amortization and stock-based compensation expense.

$6,200 - $6,800

Revenue

$195 - $235

Adjusted Operating Income

$0.28 - $0.34

Adjusted Earnings Per Share

December Quarter Guidance – Q3 FY2016