Earnings Announcement: July 23, 2015

(Ending June 26, 2015)

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This presentation contains forward-looking statements, which are based 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.

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($ in millions, except per share amounts) June 27, 2014 March 31, 2015 June 26, 2015

Net sales $6,643 $5,952 $5,566

Adjusted operating income 183 178 159

Adjusted net income 148 157 134

Adjusted EPS $0.25 $0.27 $0.23

GAAP operating income 172 164 143

GAAP net income 174 135 111

GAAP EPS $0.29 $0.23 $0.19

Net sales of $5.6B vs. $5.6 - $6.2B

Adjusted operating income of $159M within guidance of $150 - $190M

Adjusted EPS of $0.23 at mid-point of $0.20 - $0.26

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

4 Please refer to the Investor Relations section of our website which contain the reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures

22.8%23.3%

24.1%23.7%

22.9%

Jun-14 Sep-14 Dec-14 Mar-15 Jun-15

(ROIC %)

$0.25 $0.26

$0.30

$0.27

$0.23

Jun-14 Sep-14 Dec-14 Mar-15 Jun-15

(EPS)

6,643 6,529 7,025

5,952 5,566

5.8% 5.8% 5.8%

6.4% 6.4%

Jun-14 Sep-14 Dec-14 Mar-15 Jun-15

Adj. Gross Margin($ in millions)

183 183207

178159

2.8% 2.8%2.9%

3.0%2.9%

Jun-14 Sep-14 Dec-14 Mar-15 Jun-15

% Revenue($ in millions)

$57 2.9%

$39 2.5%

$29 2.6%

$60 6.6%

Corporate

Services & Other1 ($26)

Total $159 2.9%

INS

CTG

HRS

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($ in millions)

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

IEI

1. Corporate services and other related to unallocated cost

3%2%

5% 7%

3% 4%

4% 6%

• Challenging INS macro-environment

• Margins on target

• Sustaining healthy margins

• Program ramps and investments weigh on margins

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• Q1 FY16 was $17M, better than guidance of ~$20M

• Outlook: quarterly estimate of ~$25M

• Q1 FY16 was 5.6%

• Outlook: 8-10% range

• Intangible amortization $8M

• Stock based compensation $16M

• Aggregate impact on EPS $0.04

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Three Months

Ended

($ in millions) Jun-15

GAAP net income $111

Depreciation and amortization 110

Change in net working capital 131

Other operating cash flows, net 10

Net cash provided by operating activities 362

Purchases of property & equipment, net (137)

Free Cash Flow 225

Payments for share repurchases (100)

Proceeds from borrowings, net 588

Other investing and financing, net (10)

Net change in cash and cash equivalents $703

2,126 1,886 1,834 1,866

1,730

8.0%7.2%

6.5%

7.8% 7.8%

Jun-14 Sep-14 Dec-14 Mar-15 Jun-15

% Annualized Revenue($ in millions)

400

510

322

475 416

100

757 684 639

591 563 568

FY11 FY12 FY13 FY14 FY15 FY16 YTD

Shares Outstanding

($ in millions)

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$2,331

$1,500

$593 $475 $500 $500 $600

Liquidity 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

($M) (Calendar Year)

Cash

Revolver

Total

Liquidity

$3,831

••••

Term Loans LIBOR + 125 to 137.5bps

4.625% Notes 5% Notes 4.75% Notes

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• Disciplined SG&A expense management

• Well balanced capital expenditures

• ROIC above 20% target

• Strong Q1 Free Cash Flow of $225M

• New branding and website will drive a richer sales engagement

• Launch of Flex Pulse and Flex Customer Experience Center

provides us with more effective tools

• Capital return program remains on track as 7.7M shares

were repurchased for $100M in Q1

• Repurchased 305M shares, reducing our net shares

outstanding by ~30% since FY11

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36%

20%

16%

28%

HRSIEI

CTG INS

Jun

2015

36%

($ in millions) Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15E

Business Group $ $ $ $ $ Q/Q % Y/Y % Outlook (Q/Q)

INS 2,440 2,341 2,358 2,052 1,966 -4% -19% Up high single digit

CTG 2,222 2,210 2,647 1,861 1,565 -16% -30% Up 15% - 25%

IEI 1,125 1,097 1,106 1,132 1,130 0% 1% Up mid to high single digit

HRS 856 881 914 907 905 0% 6% Up mid to high single digit

Total Revenue $6,643 $6,529 $7,025 $5,952 $5,566 -6% -16%

Certain prior quarter amounts have been recast to conform to current year presentation

Integrated Network

Solutions(Telecom, Datacom, Server & Storage,

Converged Infrastructure)

Consumer Technology

Group(Wearables, Digital Health, Gaming,

Connected Home, Mobile, PC/Printers)

Industrial & Emerging

Industries(Semiconductor & Capital Equipment, Office

Solutions & Industrial Automation, Test &

Measurement, Appliance & Lifestyle, Energy

& Metering, Lighting)

High Reliability

Solutions(Automotive, Medical, Aerospace &

Defense)

37%

17%13%

33% Jun

2014

30%

HRSIEI

CTG INS

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Adjusted SG&A Expense ~$210 +/- $5 million

Interest & Other Expense ~$25 million

Adjusted Income Tax Rate 8-10% range

GAAP EPS $0.17 - $0.23

WASO 577 million shares

($ in millions, except per share amounts)

Adjusted operating income excludes approximately $16 million for stock based compensation, of which approximately $14 million is excluded from adjusted SG&A.

GAAP EPS reflects approximately $0.05 for intangible amortization and stock-based compensation expense.

$5,900 - $6,500

$165 - $205

$0.22 - $0.28

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investors.flextronics.com