te connectivity ltd.d1lge852tjjqow.cloudfront.net/cik-0001385157/f45eb...on april 22, 2015 , te...

TE CONNECTIVITY LTD.

FORM 8-K(Current report filing)

Filed 04/22/15 for the Period Ending 04/22/15

Telephone 41 (0)52 633 6661

CIK 0001385157Symbol TEL

SIC Code 5065 - Electronic Parts and Equipment, Not Elsewhere ClassifiedIndustry Electronic Instr. & Controls

Sector TechnologyFiscal Year 09/30

http://www.edgar-online.com© Copyright 2015, EDGAR Online, Inc. All Rights Reserved.

Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.

http://www.edgar-online.com

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 22, 2015

TE CONNECTIVITY LTD. (Exact Name of Registrant as Specified in its Charter)

001-33260

(Commission File Number)

Rheinstrasse 20 CH-8200 Schaffhausen

Switzerland (Address of Principal Executive Offices, including Zip Code)

+41 (0)52 633 66 61

(Registrant’s Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: � Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) � Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) � Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) � Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Switzerland 98-0518048

(Jurisdiction of Incorporation)

(IRS Employer Identification Number)

Item 2.02. Results of Operations and Financial Condition

On April 22, 2015 , TE Connectivity Ltd. (the “Company”) issued a press release reporting the Company’s second quarter results for fiscal 2015. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference in this Item 2.02. Item 7.01. Regulation FD Disclosure

The Company will hold a conference call and webcast on April 22, 2015 (see information in the press release attached hereto as Exhibit 99.1 under “Conference Call and Webcast”). A copy of the slide materials to be discussed at the conference call and webcast is being furnished pursuant to Regulation FD as Exhibit 99.2 and is incorporated herein by reference, and the slide materials also can be accessed at the “Investors” section of the Company’s website (www.te.com).

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

2

Exhibit No.

Description 99.1

Press release issued April 22, 2015 99.2

Presentation - TE Connectivity Q2 2015 Earnings Call (April 22, 2015)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly

authorized.

Date: April 22, 2015

3


(Registrant)

By: /s/ John S. Jenkins, Jr.

John S. Jenkins, Jr.

Executive Vice President and General Counsel

Exhibit 99.1

TE Connectivity Posts Strong Fiscal 2015 Second Quarter Earnings

Sales Up 4 Percent and Up 6 Percent Organically;

Adjusted EPS Up 6 Percent; GAAP EPS Down 6 Percent;

Company Maintains Full Year Adjusted EPS Guidance of $3.60 to $3.74;

Strong Business Performance More Than Offsets Foreign Exchange Headwinds SCHAFFHAUSEN, Switzerland — April 22, 2015 — TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 27, 2015. On January 28, 2015, TE announced the sale of its Broadband Network Solutions (BNS) business. The financial results of the BNS business have been classified as discontinued operations. TE’s ongoing business, results and guidance are included below and classified as continuing operations. Second Quarter Highlights

• Net sales increased to $3.1 billion, up 4 percent versus the prior year and up 6 percent organically • Adjusted Earnings Per Share (EPS) from continuing operations were $0.91, up 6 percent versus the prior year • Diluted Earnings Per Share from continuing operations (GAAP EPS) were $0.77 • Free cash flow of $217 million; returned $261 million to shareholders • Acquisition of AdvancedCath completed, expanding TE’s position in the medical device market • On track to complete the sale of the Broadband Network Solutions (BNS) business by December 2015

Tom Lynch, TE Connectivity Chairman and CEO stated, “I am very pleased with our performance for the quarter. We delivered revenue growth of 4 percent, adjusted EPS growth of 6 percent and adjusted operating margins of 16.4 percent, overcoming significant foreign exchange headwinds. Our growth in the quarter was led by strong performance in automotive, commercial aerospace, industrial equipment, appliances and SubCom. Our TEOA (TE Operating Advantage) business system continued to drive higher profitability, with adjusted operating margins up 50 basis points year over year.

1

“We also made good progress on our strategy to expand our leadership position in connectivity and sensor solutions,” said Lynch. “Our plan to divest BNS is on track and the integration of our recent acquisitions — Measurement Specialties, American Sensor Technologies, and AdvancedCath — is going well. These transactions support our strategy to focus on the growing $165 billion connectivity and sensor markets, and strengthen our portfolio in harsh environment applications. “The increasing demand for connectivity continues to drive the need for more electronics and TE products,” said Lynch. “For the full year, we expect to deliver 6 percent organic growth and double-digit adjusted EPS growth, consistent with prior guidance. New product introductions and continued strong performance in our harsh environment and SubCom businesses more than offset $1 billion of revenue foreign exchange headwinds.” NEW SEGMENT STRUCTURE Following the announced divestiture of BNS, effective for the second quarter of fiscal 2015, we are reporting our results under three segments. The following represents the new segment structure. The Transportation Solutions and Industrial Solutions segments remain unchanged:

• Transportation Solutions—the Automotive, Commercial Transportation, and Sensors businesses are included in this segment. • Industrial Solutions—this segment contains the Industrial Equipment; Aerospace, Defense, Oil, and Gas; and Energy businesses. • Communications Solutions—the Data and Devices, Appliances, and Subsea Communications businesses are included in this segment.

FISCAL SECOND QUARTER RESULTS The company reported net sales of $3.1 billion, compared to prior year sales of $3.0 billion. Adjusted EPS were $0.91, compared to $0.86 in the prior year. GAAP EPS were $0.77, compared to $0.82 in the prior year. Free cash flow was $217 million for the quarter. GAAP EPS included $60 million of acquisition related, restructuring and other charges. Total company orders were $3.0 billion, flat year over year, and up 1 percent excluding SubCom. The book-to-bill ratio was 1.03, excluding SubCom.

2

OUTLOOK For the fiscal third quarter 2015, the company expects net sales of $3.13 billion to $3.23 billion, reflecting 3 percent year over year growth at the mid-point, and adjusted EPS of $0.85 to $0.89. GAAP EPS are expected to be $0.80 to $0.84, including acquisition related charges of $0.04, and restructuring and other charges of $0.01. This outlook includes foreign exchange headwinds, reducing expected sales by $330 million and adjusted EPS by $0.13. For the full year, the company expects net sales of $12.35 to $12.65 billion, reflecting 4 percent growth versus prior year at the mid-point; and adjusted EPS of $3.60 to $3.74 reflecting double-digit growth versus the prior year. GAAP EPS are expected to be $3.51 to $3.65, including acquisition related charges of $0.22, restructuring and other charges of $0.18, and income from tax related items of $0.31. The outlook includes foreign exchange headwinds, reducing expected sales by $1.01 billion and adjusted EPS by $0.38. Information about TE Connectivity’s use of non-GAAP financial measures is provided below. For a reconciliation of these non-GAAP financial measures, see the attached tables. CONFERENCE CALL AND WEBCAST

• The company will hold a conference call for investors today beginning at 8:30 a.m. EDT. Information about the conference call is available at TE

Connectivity’s website: http://investors.te.com. • By telephone: For both “listen-only” participants and those participants who wish to take part in the question-and-answer portion of the call, the

telephone dial-in number in the United States is (800) 230-1085. The telephone dial-in number for participants outside the United States is (612) 234-9959.

• An audio replay of the conference call will be available beginning at 10:30 a.m. on April 22, 2015, and ending at 11:59 p.m. on April 29, 2015. The dial-in number for participants in the United States is (800) 475-6701. For participants outside the United States, the replay dial-in number is (320) 365-3844. The replay access code for all callers is 355778.

NON-GAAP MEASURES “Organic Sales Growth,” “Adjusted Operating Income,” “Adjusted Operating Margin,” “Adjusted Other Income, Net,” “Adjusted Income Tax Expense,” “Adjusted Income from Continuing Operations,” “Adjusted Earnings Per Share,” and “Free Cash Flow” (FCF) are non-GAAP measures and should not be considered replacements for GAAP results.

3

“Organic Sales Growth” is a useful measure of our underlying results and trends in the business. It is also a significant component in our incentive compensation plans. The difference between reported net sales growth (the most comparable GAAP measure) and Organic Sales Growth (the non-GAAP measure) consists of the impact from foreign currency exchange rates and acquisitions and divestitures, if any. Organic Sales Growth is a useful measure of our performance because it excludes items that: i) are not completely under management’s control, such as the impact of changes in foreign currency exchange rates; or ii) do not reflect the underlying growth of the company, such as acquisition and divestiture activity. The limitation of this measure is that it excludes items that have an impact on our sales. This limitation is best addressed by using Organic Sales Growth in combination with net sales growth. We present operating income before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any (“Adjusted Operating Income”). We utilize Adjusted Operating Income to assess segment level core operating performance and to provide insight to management in evaluating segment operating plan execution and underlying market conditions. It also is a significant component in our incentive compensation plans. Adjusted Operating Income is a useful measure for investors because it provides insight into our underlying operating results, trends, and the comparability of these results between periods. The difference between Adjusted Operating Income and operating income (the most comparable GAAP measure) consists of the impact of special items that may mask the underlying operating results and/or business trends. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported operating income. This limitation is best addressed by using Adjusted Operating Income in combination with operating income in order to better understand the amounts, character and impact of any increase or decrease on reported results. We present operating margin before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any (“Adjusted Operating Margin”). We present Adjusted Operating Margin before special items to give investors a perspective on the underlying business results. This measure should be considered in conjunction with operating margin calculated using our GAAP results in order to understand the amounts, character and impact of adjustments to operating margin. We present other income, net before special items including tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any (“Adjusted Other Income, Net”). We present Adjusted Other Income, Net as we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. The difference between Adjusted Other Income, Net and other income, net (the most comparable GAAP measure) consists of tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease other income, net. This limitation is best addressed by using Adjusted Other Income, Net in combination with other income, net in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. We present income tax expense after adjusting for the tax effect of special items including charges related to restructuring and other charges, acquisition related charges, impairment charges, other income or charges, and certain significant special tax items, if any (“Adjusted Income Tax Expense”). We present Adjusted Income Tax Expense to provide investors further information regarding the tax effects of adjustments used in determining the non-GAAP financial measure Adjusted Income from Continuing Operations (as defined below). The difference between Adjusted Income Tax Expense and income tax expense (the most comparable GAAP measure) is the tax effect of adjusting items and certain significant special tax items, if any. The limitation of this measure is that

4

it excludes the financial impact of items that would otherwise either increase or decrease income tax expense. This limitation is best addressed by using Adjusted Income Tax Expense in combination with income tax expense in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. We present income from continuing operations attributable to TE Connectivity Ltd. before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or charges, if any, and, if applicable, related tax effects (“Adjusted Income from Continuing Operations”). We present Adjusted Income from Continuing Operations as we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. Adjusted Income from Continuing Operations provides additional information regarding our underlying operating results, trends and the comparability of these results between periods. The difference between Adjusted Income from Continuing Operations and income from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) consists of the impact of special items and, if applicable, related tax effects. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using Adjusted Income from Continuing Operations in combination with income from continuing operations attributable to TE Connectivity Ltd. in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. We present diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. before special items, including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or charges, if any, and, if applicable, related tax effects (“Adjusted Earnings Per Share”). We present Adjusted Earnings Per Share because we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. We believe such a measure provides a picture of our results that is more comparable among periods since it excludes the impact of special items, which may recur, but tend to be irregular as to timing, thereby making comparisons between periods more difficult. It also is a significant component in our incentive compensation plans. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using Adjusted Earnings Per Share in combination with diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease on reported results. “Free Cash Flow” (FCF) is a useful measure of our ability to generate cash. The difference between net cash provided by continuing operating activities (the most comparable GAAP measure) and Free Cash Flow (the non-GAAP measure) consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe free cash flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by continuing operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant and equipment. These items are subtracted because they represent long-term commitments. Voluntary pension contributions are excluded from the GAAP measure because this activity is driven by economic financing decisions rather

5

than operating activity. Certain special items, including net payments related to pre-separation tax matters, also are considered by management in evaluating free cash flow. We believe investors should also consider these items in evaluating our free cash flow. Free Cash Flow as presented herein may not be comparable to similarly-titled measures reported by other companies. The primary limitation of this measure is that it excludes items that have an impact on our GAAP cash flow. Also, it subtracts certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP measure indicates. This limitation is best addressed by using Free Cash Flow in combination with the GAAP cash flow results. It should not be inferred that the entire free cash flow amount is available for future discretionary expenditures, as our definition of free cash flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions that are not considered in the calculation of free cash flow. FORWARD-LOOKING STATEMENTS This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results and our planned sale of the Broadband Network Solutions business. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, particularly in the automotive industry and the telecommunications networks and consumer devices industries; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; the possible effects on us of changes in tax laws, tax treaties and other legislation; the risk that the operations of Measurement Specialties will not be successfully integrated into ours; the risk that revenue opportunities, cost savings and other anticipated synergies from the Measurement Specialties acquisition may not be fully realized or may take longer to realize than expected; and the risk that the sale of the Broadband Network Solutions business may not be consummated, or if consummated, we do not realize the anticipated benefits from such transaction. More detailed information about these and other factors is set forth in TE Connectivity Ltd.’s Annual Report on Form 10-K for the fiscal year ended Sept. 26, 2014 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

6

ABOUT TE CONNECTIVITY TE Connectivity (NYSE: TEL) is a $14 billion global technology leader. Our connectivity and sensor solutions are essential in today’s increasingly connected world. We collaborate with engineers to transform their concepts into creations — redefining what’s possible using intelligent, efficient and high-performing TE products and solutions proven in harsh environments. Our 80,000 people, including 7,500 design engineers, partner with customers in 150 countries across a wide range of industries. We believe EVERY CONNECTION COUNTS — www.TE.com.

# # #

7

Contacts: Media Relations : Investor Relations :

Jane Crawford Sujal Shah

TE Connectivity TE Connectivity

610-893-9689 610-893-9790

[email protected] [email protected]


CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

For the Quarters Ended For the Six Months Ended

March 27,

March 28, March 27,

March 28,

2015 2014

2015 2014

(in millions, except per share data)

Net sales

$ 3,082 $ 2,964

$ 6,131 $ 5,826

Cost of sales

2,031 1,969

4,060 3,886

Gross margin

1,051 995

2,071 1,940

Selling, general, and administrative expenses

391 379

777 758

Research, development, and engineering expenses

160 145

320 286

Acquisition and integration costs

14 1

38 1

Restructuring and other charges (credits), net

38 (1 ) 63

5

Operating income 448

471 873

890

Interest income 4

4 9

9

Interest expense (37 ) (31 ) (71 ) (65 )

Other income (expense), net (5 ) 16

(75 ) 48

Income from continuing operations before income taxes 410

460 736

882

Income tax (expense) benefit (94 ) (120 ) 15

(229 ) Income from continuing operations

316 340

751 653

Income from discontinued operations, net of income taxes

283 22

320 62

Net income attributable to TE Connectivity Ltd.

$ 599 $ 362

$ 1,071 $ 715

Basic earnings per share attributable to TE Connectivity Ltd.:

Income from continuing operations

$ 0.78 $ 0.83

$ 1.85 $ 1.59

Income from discontinued operations

0.70 0.05

0.79 0.15

Net income

1.47 0.88

2.63 1.74

Diluted earnings per share attributable to TE Connectivity Ltd.:

Income from continuing operations

$ 0.77 $ 0.82

$ 1.82 $ 1.57

Income from discontinued operations

0.69 0.05

0.77 0.15

Net income

1.45 0.87

2.59 1.71

Dividends paid per common share

$ 0.29 $ 0.25

$ 0.58 $ 0.50

Weighted-average number of shares outstanding:

Basic

407 410

407 411

Diluted

413 417

413 417


CONSOLIDATED BALANCE SHEETS (UNAUDITED)

March 27, September 26,

2015

2014

(in millions, except share data)

Assets

Current assets:

Cash and cash equivalents $ 697

$ 2,457

Accounts receivable, net of allowance for doubtful accounts of $14 2,094

2,057

Inventories 1,684

1,509

Prepaid expenses and other current assets 659

519

Deferred income taxes 617

324

Assets held for sale 1,861

2,000

Total current assets 7,612

8,866

Property, plant, and equipment, net 2,878

2,920

Goodwill 4,832

3,739

Intangible assets, net 1,630

1,087

Deferred income taxes 2,018

2,047

Receivable from Tyco International plc and Covidien plc 948

1,037

Other assets 325

456

Total Assets $ 20,243

$ 20,152

Liabilities and Equity

Current liabilities:

Current maturities of long-term debt

$ 736 $ 577

Accounts payable

1,233 1,230

Accrued and other current liabilities

1,715 1,594

Deferred revenue

96 176

Liabilities held for sale

361 416

Total current liabilities

4,141 3,993

Long-term debt

3,390 3,281

Long-term pension and postretirement liabilities

1,199 1,280

Deferred income taxes

300 229

Income taxes

1,907 2,044

Other liabilities

311 312

Total Liabilities

11,248 11,139

Commitments and contingencies

Equity:

TE Connectivity Ltd. shareholders’ equity:

Common shares, 419,070,781 shares authorized and issued, CHF 0.57 par value

184 184

Contributed surplus

4,625 5,231

Accumulated earnings

5,324 4,253

Treasury shares, at cost, 11,985,784 and 11,383,631 shares, respectively

(728 ) (644 ) Accumulated other comprehensive loss

(416 ) (17 ) Total TE Connectivity Ltd. shareholders’ equity

8,989 9,007

Noncontrolling interests

6 6

Total Equity

8,995 9,013

Total Liabilities and Equity

$ 20,243 $ 20,152


CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(1) Free cash flow is a non-GAAP measure. See description of non-GAAP measures contained in this release.


March 27,

March 28, March 27,

March 28,

2015 2014

2015 2014

(in millions)

Cash Flows From Operating Activities:

Net income

$ 599 $ 362

$ 1,071 $ 715

Income from discontinued operations, net of income taxes

(283 ) (22 ) (320 ) (62 ) Income from continuing operations

316 340

751 653

Adjustments to reconcile income from continuing operations to net

cash provided by operating activities:

Depreciation and amortization 147

138 307

270

Non-cash restructuring charges —

4 15

6

Deferred income taxes 25

29 (54 ) 44

Provision for losses on accounts receivable and inventories

10 14

28 29

Tax sharing (income) expense

5 (17 ) 74

(51 ) Share-based compensation expense

21 20

44 40

Other

16 13

46 35

Changes in assets and liabilities, net of the effects of acquisitions and

divestitures:

Accounts receivable, net (53 ) (131 ) (19 ) (104 )

Inventories (19 ) (17 ) (180 ) (95 )

Prepaid expenses and other current assets 8

(37 ) 11 (19 )

Accounts payable (19 ) 71

(11 ) 50

Accrued and other current liabilities (39 ) (82 ) (241 ) (209 )

Deferred revenue (24 ) (19 ) (80 ) (10 )

Income taxes (17 ) 32

(132 ) 72

Other (27 ) 53

(4 ) 29

Net cash provided by continuing operating activities 350

411 555

740

Net cash provided by discontinued operating activities 48

38 138

94

Net cash provided by operating activities 398

449 693

834

Cash Flows From Investing Activities:

Capital expenditures (156 ) (155 ) (291 ) (281 )

Proceeds from sale of property, plant, and equipment 1

9 6

21

Acquisition of businesses, net of cash acquired (218 ) (18 ) (1,729 ) (18 )

Other 1

2 (2 ) —

Net cash used in continuing investing activities

(372 ) (162 ) (2,016 ) (278 ) Net cash used in discontinued investing activities

(7 ) (13 ) (14 ) (20 ) Net cash used in investing activities

(379 ) (175 ) (2,030 ) (298 ) Cash Flows From Financing Activities:

Net increase (decrease) in commercial paper

(362 ) 50 (92 ) 25

Proceeds from issuance of long-term debt

617 —

617 323

Repayment of long-term debt

(250 ) (57 ) (473 ) (360 ) Proceeds from exercise of share options

72 52

88 109

Repurchase of common shares

(130 ) (182 ) (285 ) (392 ) Payment of common share dividends to shareholders

(118 ) (102 ) (236 ) (205 ) Transfer from discontinued operations

41 25

124 74

Other

(3 ) 1 (2 ) —

Net cash used in continuing financing activities

(133 ) (213 ) (259 ) (426 ) Net cash used in discontinued financing activities

(41 ) (25 ) (124 ) (74 ) Net cash used in financing activities

(174 ) (238 ) (383 ) (500 ) Effect of currency translation on cash

(16 ) (4 ) (40 ) (10 ) Net increase (decrease) in cash and cash equivalents

(171 ) 32 (1,760 ) 26

Cash and cash equivalents at beginning of period

868 1,397

2,457 1,403

Cash and cash equivalents at end of period

$ 697 $ 1,429

$ 697 $ 1,429

Supplemental Cash Flow Information:

Interest paid

$ 18 $ 15

$ 64 $ 62

Income taxes paid, net of refunds

85 61

170 114

Reconciliation to Free Cash Flow:

Net cash provided by continuing operating activities

$ 350 $ 411

$ 555 $ 740

Capital expenditures, net

(155 ) (146 ) (285 ) (260 ) Payments (receipts) related to pre-separation U.S. tax matters, net

22 (21 ) 26

(21 ) Free cash flow (1)

$ 217 $ 244

$ 296 $ 459


CONSOLIDATED SEGMENT DATA (UNAUDITED)

(1) Adjusted operating income is a non-GAAP measure. See description of non-GAAP measures contained in this release.


March 27,

March 28, March 27,

March 28,

2015 2014

2015 2014

($ in millions)

Net Sales:

Transportation Solutions

$ 1,610 $ 1,571

$ 3,222 $ 3,011

Industrial Solutions

797 789

1,581 1,552

Communications Solutions

675 604

1,328 1,263

Total

$ 3,082 $ 2,964

$ 6,131 $ 5,826

Operating Income:


$ 323 20.1 % $ 338

21.5 % $ 618 19.2 % $ 623

20.7 % Industrial Solutions

84 10.5 % 102

12.9 % 170 10.8 % 197

12.7 % Communications Solutions

41 6.1 % 31

5.1 % 85 6.4 % 70

5.5 % Total

$ 448 14.5 % $ 471

15.9 % $ 873 14.2 % $ 890

15.3 % Adjusted Operating Income (1):


$ 333 20.7 % $ 337

21.5 % $ 670 20.8 % $ 623

20.7 % Industrial Solutions

112 14.1 % 107

13.6 % 210 13.3 % 204

13.1 % Communications Solutions

61 9.0 % 27

4.5 % 127 9.6 % 69

5.5 % Total

$ 506 16.4 % $ 471

15.9 % $ 1,007 16.4 % $ 896

15.4 %


RECONCILIATION OF NET SALES GROWTH (UNAUDITED)

(1) Represents the change in net sales resulting from volume and price changes, before consideration of acquisitions, divestitures, and the impact of changes in foreign currency exchange rates. Organic net sales growth is a non-GAAP measure. See description of non-GAAP measures contained in this release. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. (3) Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deems necessary.

Percentage of

Segment’s Total

Change in Net Sales for the Quarter Ended March 27, 2015 Net Sales for the

versus Net Sales for the Quarter Ended March 28, 2014

Quarter Ended

Organic (1) Translation (2)

Acquisitions Total

March 27, 2015

($ in millions)

Transportation Solutions (3):

Automotive $ 49

3.8 % $ (127 ) $ — $ (78 ) (6.0 )% 75 %

Commercial Transportation (3 ) (1.3 ) (18 ) —

(21 ) (9.2 ) 13

Sensors 1

1.7 (6 ) 143

138 281.6

12

Total 47

3.0 (151 ) 143

39 2.5

100 % Industrial Solutions (3):

Industrial Equipment

19 5.8

(27 ) 2 (6 ) (1.8 ) 41

Aerospace, Defense, Oil, and Gas

15 5.5

(20 ) 35 30

11.0 38

Energy

7 3.5

(23 ) — (16 ) (8.6 ) 21

Total

41 5.2

(70 ) 37 8

1.0 100 %

Communications Solutions (3):

Data and Devices (23 ) (6.0 ) (14 ) —

(37 ) (9.7 ) 51

Appliances 10

6.0 (11 ) —

(1 ) (0.6 ) 24

Subsea Communications 109

180.7 —

— 109

180.7 25

Total

96 15.9

(25 ) — 71

11.8 100 %

Total $ 184

6.2 % $ (246 ) $ 180 $ 118

4.0 %

Percentage of

Segment’s Total

Change in Net Sales for the Six Months Ended March 27, 2015 Net Sales for the

versus Net Sales for the Six Months Ended March 28, 2014

Six Months Ended

Organic (1) Translation (2)

Acquisitions Total

March 27, 2015

($ in millions)

Transportation Solutions (3):

Automotive $ 144

5.8 % $ (188 ) $ — $ (44 ) (1.8 )% 76 %

Commercial Transportation 12

2.7 (26 ) —

(14 ) (3.3 ) 13

Sensors 4

4.5 (9 ) 274

269 277.3

11

Total 160

5.3 (223 ) 274

211 7.0

100 % Industrial Solutions (3):

Industrial Equipment

20 3.1

(40 ) 3 (17 ) (2.6 ) 40

Aerospace, Defense, Oil, and Gas

34 6.5

(29 ) 69 74

14.2 38

Energy

8 2.1

(36 ) — (28 ) (7.4 ) 22

Total

62 4.0

(105 ) 72 29

1.9 100 %

Communications Solutions (3):

Data and Devices (74 ) (9.3 ) (24 ) —

(98 ) (12.2 ) 53

Appliances 20

6.3 (15 ) —

5 1.6

24

Subsea Communications 158

108.6 —

— 158

108.6 23

Total

104 8.2

(39 ) — 65

5.1 100 %

Total $ 326

5.6 % $ (367 ) $ 346 $ 305

5.2 %


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GA AP FINANCIAL MEASURES For the Quarter Ended March 27, 2015

(UNAUDITED)

(1) Includes $6 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales, $14 million of acquisition and integration costs, and $2 million of restructuring costs. (2) Includes an income tax charge for the estimated tax impacts of certain intercompany dividends related to the restructuring and anticipated sale of the Broadband Network Solutions business. (3) Includes an income tax benefit associated with the settlement of audits of prior year income tax returns and the related impact to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. (4) See description of non-GAAP measures contained in this release.

Adjustments

Acquisition Restructuring

Related

and Other Tax

Adjusted

U.S. GAAP Charges (1)

Charges, Net (2) Items (3)

(Non-GAAP) (4)

($ in millions, except per share data)

Operating Income:

Transportation Solutions $ 323

$ 10 $ —

$ — $ 333


84 12

16 —

112

Communications Solutions 41

— 20

— 61

Total

$ 448 $ 22

$ 36 $ —

$ 506

Operating Margin

14.5 % 16.4 %

Other Income (Expense), Net

$ (5 ) $ — $ —

$ 11 $ 6

Income Tax Expense

$ (94 ) $ (4 ) $ 8 $ (13 ) $ (103 )

Income from Continuing Operations Attributable to

TE Connectivity Ltd. $ 316

$ 18 $ 44

$ (2 ) $ 376

Diluted Earnings per Share from Continuing

Operations Attributable to TE Connectivity Ltd. $ 0.77

$ 0.04 $ 0.11

$ — $ 0.91


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GA AP FINANCIAL MEASURES For the Quarter Ended March 28, 2014

(UNAUDITED)

(1) Includes income tax expense related to adjustments to prior year income tax returns. In addition, other income includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters. (2) See description of non-GAAP measures contained in this release.

Adjustments

Restructuring

Acquisition and Other

Related

Charges Tax

Adjusted

U.S. GAAP Charges

(Credits), Net Items (1)

(Non-GAAP) (2)


Operating Income:


$ — $ (1 ) $ —

$ 337

Industrial Solutions 102

1 4

— 107

Communications Solutions

31 —

(4 ) — 27

Total

$ 471 $ 1

$ (1 ) $ — $ 471

Operating Margin

15.9 % 15.9 %

Other Income, Net

$ 16 $ —

$ — $ (14 ) $ 2

Income Tax Expense

$ (120 ) $ — $ (3 ) $ 36

$ (87 ) Income from Continuing Operations Attributable to TE

Connectivity Ltd. $ 340

$ 1 $ (4 ) $ 22

$ 359



$ — $ (0.01 ) $ 0.05

$ 0.86


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GA AP FINANCIAL MEASURES For the Six Months Ended March 27, 2015

(UNAUDITED)

(1) Includes $33 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales, $38 million of acquisition and integration costs, and $2 million of restructuring costs. (2) Includes an income tax charge for the estimated tax impacts of certain intercompany dividends related to the restructuring and anticipated sale of the Broadband Network Solutions business. (3) Includes $202 million of income tax benefits associated with the settlement of audits of prior year income tax returns as well as the related impact of $94 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax benefits related to the impacts of certain non-U.S. tax law changes and the associated reduction in the valuation allowance for tax loss carryforwards. (4) See description of non-GAAP measures contained in this release.

Adjustments


Related

and Other Tax

Adjusted


Charges, Net (2) Items (3)

(Non-GAAP) (4)


Operating Income:


$ 51 $ 1

$ — $ 670


170 22

18 —

210


— 42

— 127

Total

$ 873 $ 73

$ 61 $ —

$ 1,007

Operating Margin

14.2 % 16.4 %

Other Income (Expense), Net

$ (75 ) $ — $ —

$ 94 $ 19

Income Tax (Expense) Benefit

$ 15 $ (18 ) $ 7

$ (224 ) $ (220 ) Income from Continuing Operations Attributable to

TE Connectivity Ltd. $ 751

$ 55 $ 68

$ (130 ) $ 744



$ 0.13 $ 0.16

$ (0.31 ) $ 1.80


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GA AP FINANCIAL MEASURES For the Six Months Ended March 28, 2014

(UNAUDITED)

(1) Includes income tax expense related to adjustments to prior year income tax returns. In addition, other income includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters, including $18 million related to our share of a settlement agreement entered into by Tyco International with a former subsidiary. (2) See description of non-GAAP measures contained in this release.

Adjustments


Related

and Other Tax

Adjusted

U.S. GAAP Charges

Charges, Net Items (1)

(Non-GAAP) (2)


Operating Income:


$ — $ —

$ — $ 623


197 1

6 —

204


— (1 ) —

69

Total $ 890

$ 1 $ 5

$ — $ 896

Operating Margin

15.3 % 15.4 %

Other Income, Net

$ 48 $ —

$ — $ (39 ) $ 9

Income Tax Expense

$ (229 ) $ — $ (4 ) $ 43

$ (190 ) Income from Continuing Operations Attributable to TE


$ 1 $ 1

$ 4 $ 659



$ — $ —

$ 0.01 $ 1.58


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GA AP FINANCIAL MEASURES For the Quarter Ended June 27, 2014

(UNAUDITED)

(1) See description of non-GAAP measures contained in this release.

Adjustments


Related

and Other Adjusted

U.S. GAAP

Charges Charges, Net

(Non-GAAP) (1)


Operating Income:


$ — $ —

$ 325

Industrial Solutions 121

1 1

123


— 9

27

Total $ 464

$ 1 $ 10

$ 475

Operating Margin

15.1 % 15.4 %

Other Income, Net

$ 9 $ —

$ — $ 9

Income Tax Expense

$ (102 ) $ — $ (3 ) $ (105 )

Income from Continuing Operations Attributable to TE


$ 1 $ 7

$ 355

Diluted Earnings per Share from Continuing Operations

Attributable to TE Connectivity Ltd. $ 0.83

$ — $ 0.02

$ 0.85


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GA AP FINANCIAL MEASURES For the Year Ended September 26, 2014

(UNAUDITED)

(1) Includes $31 million of acquisition and integration costs and $4 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales. (2) Includes income tax benefits of $282 million recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards and income tax expense related to adjustments to prior year income tax returns. In addition, other income includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters, including $18 million related to our share of a settlement agreement entered into by Tyco International with a former subsidiary. (3) See description of non-GAAP measures contained in this release.

Adjustments


Related

and Other Tax

Adjusted


Charges, Net Items (2)

(Non-GAAP) (3)


Operating Income:

Transportation Solutions $ 1,245

$ 4 $ 4

$ — $ 1,253


431 31

7 —

469


— 8

— 137

Total

$ 1,805 $ 35

$ 19 $ —

$ 1,859

Operating Margin

15.1 % 15.5 %

Other Income, Net

$ 63 $ —

$ — $ (39 ) $ 24

Income Tax Expense

$ (146 ) $ (7 ) $ (4 ) $ (239 ) $ (396 ) Income from Continuing Operations Attributable to TE

Connectivity Ltd. $ 1,614

$ 28 $ 15

$ (278 ) $ 1,379



$ 0.07 $ 0.04

$ (0.67 ) $ 3.31


RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIA L MEASURES TO FORWARD-LOOKING GAAP FINANCIAL MEASURES

As of April 22, 2015 (UNAUDITED)

(1) See description of non-GAAP measures contained in this release.

Outlook for the

Quarter Ending

June 26, Outlook for

2015

Fiscal 2015

Diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (GAAP) $ 0.80 - 0.84

$ 3.51 - 3.65

Restructuring and other charges, net 0.01

0.18

Acquisition related charges 0.04

0.22

Tax items —

(0.31 ) Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-

GAAP) (1) $ 0.85 - 0.89

$ 3.60 - 3.74

Net sales growth (GAAP)

2 - 5% 3 - 6%

Translation

10 - 11 8

(Acquisitions) divestitures

(7 ) (6 ) Organic net sales growth (non-GAAP) (1)

5 - 9% 5 - 8%

Exhibit 99.2

Q2 2015 Earnings April 22, 2015

Forward-Looking Statements This presentation contains certain “ forward-looking sta tements” w ithi n the meaning of t he U .S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expec tations and a re subject to risks, uncertainty and changes in circumstances, which may cause ac tua l results, pe rformance , f inancia l condition or achievements to dif fer mate riall y from anticipated results, pe rformance , f inancia l condition or achievements. All sta tements contained he rein tha t are not clear ly historical in nature a re forward-looking and the words “anti cipa te,” “be lieve,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward- looking sta tements. We have no intention and are under no obligation to update or alter (and expressly discla im any such intention or obligation to do so) our forward-looking statements whethe r as a result of new information, future events or othe rwise , except to the extent required by law . The forward-looking sta tements in this presentation include sta tements addressing our future financial condition and operating results and our planned sale of the Broadband Network Solutions business. Examples of factors that could cause actual results to differ mater ially from those described in the forward-looking sta tements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, pa rticular ly in the automot ive industry and the te lecommunications ne tworks and consumer devices industr ies; competition and pr icing pressure; fluctuations in foreign currency exchange rates and commodity pr ices; na tural disaste rs and politica l, economic and milita ry instability in countries in which we operate; developments in the c redit markets; future goodw ill i mpairment; compliance with current and future environmenta l and othe r laws and regulations; the possible effects on us of changes in tax laws, tax treaties and othe r legislation; the risk that the operations of Measurement Specia lties will not be successfully integrated into ours; t he risk that revenue opportunities, cost savings and other anticipated synergies from the Measurement Specialties acquisition may not be fully rea lized or may take longer to rea lize than expec ted; and the risk tha t the sale of t he Broadband Network Solutions business may not be consummated, or if consummated, we do not rea lize the anticipated benef its from such transaction. More de tailed information about these and othe r factors is set forth in TE Connectivity Ltd.’s Annual Report on Form 10-K for the fiscal year ended Sept. 26, 2014 as well as in our Quarter ly Report s on Form 10-Q, Current Reports on Form 8-K, and othe r reports filed by us w ith the U.S. Securities and Exchange Commission. Non-GAAP Measures Where we have used non-GAAP financia l measures, reconciliations to the most comparable GAAP measure a re provided, a long w ith a disclosure on the usefulness of the non-GAAP measure , in this presentation. Forward-Looking Sta tements and Non-GAAP Measures 2

Strong Q2 Results Sales up 4% and 6% organic Y/Y to $3.08B, vs. implied Guidance of $3.16B Adjusted EPS up 6% to $0.91 Y/Y , above implied Guidance of $0.89 FX headwinds: $246M Revenue and $0.09 EPS Y /Y Free Cash Flow $217M; Re turned $261M to shareholders Broadband Networks sale to CommScope on track to close by end of cal endar 2015 Reporting Struc ture 3 segments – Transportation, Industria l, and new Communications segment BNS reported as Discontinued Operations in Q2 Increased Content Driving Growth 80% of Revenue driven by harsh applica tions Continued momentum in Sensors with design w ins ac ross market ve rtica ls TE provides key buil ding blocks for the connect ed world TE Operating Advantage (TEOA) Deliver ing Strong Margins 34.3% Adjusted Gross Margin from Continuing Operations, up 70 bps Y/Y Continuing Operations Adjusted Operating Margin 16.4%, up 50 bps vs prior year Organic Sales Grow th, Adjusted EPS, Adjusted Operating Margin, Adjusted Gross Margin, and Free Cash Flow a re non-GAAP measures; see Appendix for description and reconciliat ion. Strong Operat ional Performance More Than O ffsets FX Headwind Q2 2015 Summary 3

Continuing to Hold F ull Year Outlook Despite Additional FX headwinds Adjusted EPS range of $3.60 - $3.74, up 11% vs pr ior year at Mid-Point FY15 organic revenue guidance up 6% vs prior year Strong performance in harsh businesses and SubCom FY15 F X headw inds tot al $1.01B in revenue and $0.38 in EPS vs pri or yea r Organic Sales G rowth and Adjusted EPS are non-GAAP measures; see Appendix for desc ription and reconc iliation. Expect Double Di git Adjusted Earnings Growth Despite Significant FX Headwinds FY 2015 Summary 4 Sa les Adjusted EPS FY15 Continuing Operations Implied January Guidance $12,790 $3.67 FX (235) (0.07) Operat ional Performance (55) 0.07 FY15 Continuing Operations April Guidance $12,500 $3.67

Y/Y Grow th Rates Actual Organic Automotive $1,215 (6)% 4% Commercia l Transportation 208 (9)% (1)% Sensors 187 282% 2%* Transporta tion Solutions $1,610 2% 3% $ in Millions Revenue TE Auto sales up 4% organically on 1% auto production growth Continuing to build strong design win pipeline Automotive organic grow th ac ross regions Commerc ial Transportation market slowing as expec ted; of f highway continues to be soft New Sensor wins in multiple market verticals Adjusted Margin growth in Automotive and Commercia l Transportation offset by M&A, Sensor investments and FX Business Performance Actual Up 2% Organic Up 3% Ac tual O rganic Orders $1,653 5% 5% Adjusted Operating Margin Adjusted Operat ing Income $333M, Down 1% *Sensors organic sales grow th represents TE’s organic sensors business, excluding the impact of the Measurement Specialties and AST acquisitions and changes in foreign currency exchange rates Organic Sales Grow th, Adjusted Operat ing Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliat ion. Transportation Solutions 5

Y/Y Grow th Rates Actual Organic Industr ial Equipment $324 (2)% 6% Aerospace, Defense , Oil & Gas 303 11% 6% Energy 170 (9)% 4% Industria l Solutions $797 1% 5% $ in Millions Revenue 7 consecutive quarters of Y/Y organic grow th Continued strengt h in Commercia l Aerospace and steady grow th in Industr ial Equipment more than offsetting a weak Oil and Gas market AdvancedCath acquisition inc reases opportunity in the high grow th medical inte rventional market Y/Y Adjusted margin expansion driven by revenue grow th and TEOA initiatives which more than offsets FX headw inds Business Performance Actual Up 1% Organic Up 5% Actual Organic O rders $828 -% 3% Adjusted Operat ing Margin Adjusted Operating Income $112M, Up 5% Organic Sales G rowth, Adjusted Operating Income, and Adjusted Operat ing Margin are non-GAAP measures; see Appendix for desc ription and reconc iliation. Industria l Solutions 6

Y/Y Grow th Rates Actual Organic Da ta & Devices $346 (10)% (6)% Appliances 159 (1)% 6% SubCom 170 181% 181% Communications Solutions $675 12% 16% $ in Millions Revenue Continued strong pe rformance in Appliances business Strong performance and recovery in SubCom business Data & Devices decline Y/Y driven by low margin product exits and softness in APAC Adjusted Operating Margin doubled Y /Y due pr imarily to SubCom revenue grow th and Data & Device portfolio benef its Business Performance Actual Up 12% Organic Up 16% Actual Organic O rders $522 (14)% (10)% Adjusted Operating Margin Adjusted Operat ing Income $61M, Up 126% Organic Sales Growth, Adjusted Operat ing Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliat ion. 7 Communications Solutions

Adjusted Operating Income, Adjusted Operat ing Margin and Adjusted EPS a re non-GAAP measures; see Appendix for desc ription and reconc iliation. ($ in Millions, except per share amounts) Q2 FY14 Q2 FY15 Ne t Sales $ 2,964 $ 3,082 Operating Income $ 471 $ 448 Acquisition Re lated Charges 1 22 Restructuring & Other Charges, net (1) 36 Adjusted Operating Income $ 471 $ 506 Operat ing Margin 15.9% 14.5% Adjusted Operat ing Margin 15.9% 16.4% GAAP Earnings Per Share $ 0.82 $ 0.77 Acquisition Re lated Charges - 0.04 Restructuring & Other Charges, net (0.01) 0.11 Tax Items 0.05 - Adjusted EPS $ 0.86 $ 0.91 4% Sa les grow th & strong execution dr ive 50bps Adjusted Operat ing Margin expansion Q2 Financial Summary 8

$ in Millions Adjusted Gross Margin Percentage Adjusted Gross Margin inc reases 70 bps w ith productivity gains and leverage on additiona l volume Adjusted Operat ing margin expansion driven by TEOA initiatives and additional organic volume Timing of SubCom projects and payments impacting F CF Adjusted Operating Margin Free Cash Flow Adjusted Gross Margin Percentage , Free Cash Flow , and Adjusted Operat ing Margin are non-GAAP measures; See Appendix for desc ription and reconciliat ion. 16.0% TE Operat ing Advantage (TEOA) 9

Revenue Guidance Revenue up 7% organically, w ith 2% adjusted EPS growth Y/Y inc luding FX impact Transportation Solutions Industria l Solutions Communications Solutions TE Connectivity H ighlights Revenue $3.13B to $3.23B Adjusted EPS $0.85 to $0.89 Revenue up 3% Actual and 7% Organic Y/Y a t midpoint Revenue growth more than offse t by $330M FX impact Adjusted EPS 0% - 5% Y /Y, inc ludes ~$0.13 FX headwind Continued strong pe rformance in Transportation with grow th we ll in excess of 1% auto production grow th Expec t continued strengt h in Commercia l Aerospace and Industr ial Equipment demand t o offset weakness in O il & Gas New S ubCom AEC program now in force Continue to drive operating margin expansion in Communications Solutions Up Low Single Digits Up Mid Single Digits O rganic Up Mid Teens Up High Teens Organic Down Low Single Digits Up Low Single Digits Organic * Assumes fore ign exchange rates and commodity pr ices that are consistent with current levels ** Organic Sales Growth and Adjusted EPS are non-GAAP measures; see Appendix for description and reconciliat ion. Q3 Outlook* 10

Revenue up 6% organically, w ith 11% adjusted EPS growth Y/Y inc luding FX impact Revenue of $12.35B - $12.65B Adjusted EPS of $3.60 - $3.74 Revenue up 4% at midpoint, up 6% organic a t midpoint FX impacting revenue by ~$1.01B Y/Y Adjusted EPS up 11% a t midpoint, with ~$0.38 FX headw ind Strong pe rformance in our harsh environment business Transportation grow th expec ted up mid single digits on global auto production growth of ~2% Y/Y Growing momentum in Sensors with new design w ins in Automotive and other high grow th applications SubCom revenues expec ted t o be above $700M Strong operationa l performance more than offsets the FX headw inds $1B of Revenue and $.38 EPS Up Mid Si ngle Digits Up Mid Single Di gits Organic Up Mid Single Digits Up Low Double Digits O rganic Flat Year Over Year Up Low Single Digits Organic * Assumes fore ign exchange rates and commodity pr ices that are consistent with current levels ** Organic Sales Growth and Adjusted EPS are non-GAAP measures; see Appendix for description and reconciliat ion. FY15 Outlook* Revenue Guidance Transportation Solutions Industr ial Solutions TE Connectivity H ighlights 11 Communications Solutions

Additional Information 12

8-K Recast Summary 13 8-K Recast Summary ( in millions) Segment and Industry End Marke t For the Quarters Ended For the Years Ended December 28, 2012 March 29, 2013 June 28, 2013 September 27, 2013 December 27, 2013 March 28, 2014 June 27, 2014 September 26, 2014 December 26, 2014 September 27, 2013 September 26, 2014 Net Sales: Transporta tion Solutions: Automotive $ 1,075 $ 1,152 $ 1,186 $ 1,158 $ 1,193 $ 1,293 $ 1,297 $ 1,228 $ 1,227 $ 4,571 $ 5,011 Commercia l Transportation 145 184 204 192 199 229 239 212 206 725 879 Sensors 44 49 48 48 48 49 50 53 179 189 200 Tota l 1,264 1,385 1,438 1,398 1,440 1,571 1,586 1,493 1,612 5,485 6,090 Industrial Solutions: Industr ial Equipment 295 305 335 349 322 330 349 363 311 1,284 1,364 Aerospace, Defense , Oi l, and Gas 238 260 260 261 248 273 292 327 292 1,019 1,140 Energy 187 194 208 208 193 186 208 211 181 797 798 Total 720 759 803 818 763 789 849 901 784 3,100 3,302 Communications Solutions: Da ta and Devices 474 438 434 444 422 383 411 425 361 1,790 1,641 Appliances 141 153 162 162 152 160 177 168 158 618 657 Subsea Communications 108 82 104 103 85 61 52 85 134 397 283 Tot al 723 673 700 709 659 604 640 678 653 2,805 2,581 Total $ 2,707 $ 2,817 $ 2,941 $ 2,925 $ 2,862 $ 2,964 $ 3,075 $ 3,072 $ 3,049 $ 11,390 $ 11,973 Adjusted Operat ing Income (1): Transportation Solutions $ 195 $ 251 $ 273 $ 261 $ 286 $ 337 $ 325 $ 305 $ 337 $ 980 $ 1,253 Industria l Solutions 82 98 104 130 97 107 123 142 98 414 469 Communications Solutions 60 41 53 73 42 27 27 41 66 227 137 Total $ 337 $ 390 $ 430 $ 464 $ 425 $ 471 $ 475 $ 488 $ 501 $ 1,621 $ 1,859 Adjusted Operat ing Margin (1): 12.4% 13.8% 14.6% 15.9% 14.8% 15.9% 15.4% 15.9% 16.4% 14.2% 15.5% (1) A non-GAAP measure . See Appendix for desc ription and reconc iliation. Impact of Divestiture Ne t Sales: $ (427) $ (448) $ (508) $ (507) $ (464) $ (467) $ (505) $ (503) $ (417) $ (1,890) $ (1,939) Adjusted Operat ing Income (1): (53) (53) (79) (75) (61) (61) (75) (83) (54) (260) (280) Adjusted EPS (1): $ (0.08) $ (0.06) $ (0.15) $ (0.13) $ (0.10) $ (0.09) $ (0.15) $ (0.14) $ (0.09) $ (0.44) $ (0.48)

Guidance Bridge Q2 2015 (performance ve rsus impli ed guidance) 14 Sales Adjusted EPS Q2 2015 January Guidance $3,600 $1.00 Discontinued Operations (Implied in January Guidance) (440) (0.11) Q2 2015 Continuing Operat ions Implied January Guidance $3,160 $.89 FX (40) - Operat ional Performance (38) .02 Q2 2015 Continuing Operations Results $3,082 $.91 Adjusted EPS is a non-GAAP measure ; See Appendix for desc ription and reconc iliation.

Y/Y Q2 2015 Continuing Ops Performance 15 Sales Adjusted EPS Q2 2014 Results (Previously Report ed) $3,431 $.95 Discontinued Operations (467) (0.09) Q2 2014 Results (Recast in March 23, 2015 Form 8-K) $2,964 $.86 FX Impac t (246) (0.09) Operationa l Performance 364 .14 Q2 2015 Continuing Operat ions Results $3,082 $.91 Adjusted EPS is a non-GAAP measure; See Appendix for description and reconciliat ion.

Guidance Bridge FY15 • January Guidance of $4.20 assumed: •Continuing Operations $3.67 •D ivestiture $0.53 Adjusted EPS Sa les • Form 8-K F iled March 23, 2015 Regarding Discontinued Operations FX (500) (0.20) • F Y14 Adjusted EPS Contribution $0.48 Q1 FY15 Adjusted EPS Contribution $0.09 Strong seasonal EPS grow th in 2H in FY13 and FY14 Implied FY15 divestiture contribution of $0.53 Operational Performance 150 0.20 • • Discontinued Operations (Implied in January Guidance) (1,860) (0.53) • $12,790 $3.67 Implied January Guidance • Reiterate Guidance of $3.67 despite FX headwi nd with: F X (235) (0.07) • • • • • Robust harsh portfoli o Strong SubCom TE Operating Advantage (TEOA) M&A Integration Opera tional Execution Operationa l Performance (55) 0.07 Maintaining Guidance Despite FX Headw ind 16 Adjusted EPS is a non-GAAP measure ; See Appendix for desc ription and reconc iliation. FY15 Continuing Operations April Guidance $12,500 $3.67 FY15 Continuing Operat ions FY15 January Guidance $14,650 $4.20 FY15 Oc tober Guidance $15,000 $4.20

Y/Y FY15 Expected Performance 17 Sales Adjusted EPS FY14 Results (Previously Report ed) $13,912 $3.79 Discontinued Operations (1,939) (0.48) FY14 Results (Recast in March 23, 2015 Form 8-K) $11,973 $3.31 FX Impact (1,015) (0.38) Operat ional Performance 1,542 .74 FY15 Continuing Operations April Guidance $12,500 $3.67 Adjusted EPS is a non-GAAP measure; See Appendix for desc ription and reconc iliation.

Liquidity Summary ($ in Millions) Q2 2015 Q2 2014 Beginning Cash Ba lance $868 $1,397 Free Cash Flow 217 244 Dividends (118) (102) Share repurchases (130) (182) Acquisitions, net of cash acquired (218) (18) Proceeds from exerc ise of share options 72 52 Proceeds from issuance of debt and CP, net 255 50 Repayment of long-term debt (250) (57) Other 1 45 Ending Cash Ba lance $697 $1,429 Total Debt $4,126 $2,905 ($ in Millions) Q2 2015 Q2 2014 Cash from Continuing Operations $350 $411 Capita l expenditures, ne t Pre-separation US tax payments (receipts) (155) 22 (146) (21) Free Cash Flow $217 $244 A/R - $ $2,094 $2,036 Days Sales Outstanding* 61 62 Inventory (Excl. CIP) - $ $1,650 $1,537 Days on Hand* 73 70 Accounts Payabl e - $ $1,233 $1,255 Days Outstanding* 55 57 Free Cash Flow is a non-GAAP measure , see Appendix for desc ription * Adjusted to exclude the impact of acquisitions. Free Cash Flow and Working Capita l Liquidity, Cash & Debt Q2 Bal ance Sheet & Cash Flow Summary 18

Appendix 19

Non-GAAP Measures “Organic Sa les G rowth,” “Adjusted Gross Margin,” “Adjusted Gross Margin Percentage ,” “Adjusted Operat ing Income,” “Adjusted Operating Margin,” “Adjusted Other Income, Net,” “Adjusted Income Tax Expense,” “Adj usted Effective Tax Ra te,” ”Adjusted Income from Continuing Operations,” “Adjusted Earnings Per Share,” and “Free Cash Flow” (FCF) a re non-GAAP measures and should not be considered replacements for GAAP* results. “Organic Sales Growth” is a use ful measure of our underlying results and trends in the business. I t is a lso a signif icant component in our incenti ve compensa tion plans. The diffe rence be tween reported net sa les grow th ( the most comparable GAAP measure) and Organic Sales Grow th ( the non-GAAP measure ) consists of t he impact from foreign currency exchange rates and acquisitions and divestitures, if any. Organic Sales G rowth is a useful measure of our pe rformance because it excludes items tha t: i) are not complete ly under management’s control, such as the impact of changes in foreign currency exchange rates; or ii) do not reflect the underlying growth of the company, such as acquisition and divestiture activity. The limita tion of this measure is that it excludes i tems tha t have an impac t on our sales. This limitation is best addressed by using Organic Sales G rowth in combina tion with net sa les grow th. We present gross margin and gross margin percentage be fore spec ial items including charges or income related to restructuring and othe r charges and acquisition rela ted charges, if any ("Adjusted Gross Margin“ and “Adjusted Gross Margin Percentage”). We present Adjusted Gross Margin and Adjusted Gross Margin Percentage before spec ial items to give investors a perspective on the underlying business results. These measures should be considered in conjunction with gross margin ca lculated using our GAAP results in orde r to understand t he amounts, character and impact of adjustments to gross margin. We present operating income before spec ial items including charges or income related to restructuring and othe r charges, acquisition rela ted charges, impairment charges, and other i ncome or charges, if any (“Adjusted Operat ing Income”). We utilize Adjusted Operat ing Income t o assess segment leve l core operating performance and to provide insight to management in evalua ting segment operating plan execution and underlying market conditions. It also is a significant component in our incentive compensation plans. Adjusted Operating Income is a useful measure for investors because it provides insight into our underlying opera ting results, trends, and the comparabili ty of these results between pe riods. The di ffe rence between Adjusted Operating Income and operating income (the most comparable GAAP measure) consist s of the impact of special items tha t may mask the underlying opera ting results and/or business trends. The limitation of this measure is that it excludes the financial impact of items tha t would otherwise either inc rease or dec rease our reported operating income. This limita tion is best addressed by using Adjusted Operating Income in combination with opera ting income in orde r to bette r understand the amounts, character and impact of any inc rease or dec rease on reported results. We present operating margin be fore special items inc luding charges or income re lated to restruc tur ing and other charges, acquisition rela ted charges, impairment charges, and other i ncome or charges, if any (“Adjusted Operat ing Margin” ). We present Adjusted Operat ing Margin before spec ial items to give investors a perspective on the underlying business results. This measure should be considered in conjunction with operating margin calculated using our GAAP results in order to understand the amounts, charac ter and impac t of adjustments to operating margin. We present othe r income, ne t before spec ial items including tax sharing income rela ted to certain proposed adjustments to pr ior pe riod tax returns and othe r tax items, if any (“Adjusted Other Income, Ne t”). We present Adjusted Other Income, Ne t as we be lieve tha t it is appropria te for investors to conside r results excluding these items in addition to results in accordance w ith GAAP. The di ffe rence between Adjusted Other Income, Net and other income, net (the most comparable GAAP measure ) consists of t ax shari ng income rela ted to certain proposed adjustments to pr ior pe riod tax returns and othe r tax items, if any. The limitation of this measure is that it excludes the financial impact of items tha t would otherwise either inc rease or dec rease other income, ne t. This limita tion is best addressed by using Adjusted Other Income, Net in combina tion with other i ncome, ne t in order to better understand the amounts, character and impact of any inc rease or decrease in reported amounts. We present income tax expense after adjusting for the tax effect of special items inc luding charges related to restructuring and othe r charges, acquisition rela ted charges, impairment charges, other i ncome or charges, and ce rtain significant spec ial tax items, if any (“Adjusted Income Tax Expense”). We present Adjusted Income Tax Expense to provide investors further information regarding the tax e ffects of adjustments used in dete rmining the non-GAAP financial measure Adjusted Income from Cont inuing Operat ions (as defined be low). The diffe rence be tween Adjusted Income Tax Expense and income tax expense (the most comparable GAAP measure) is the tax e ffect of adjusting items and certain significant special tax items, if any. The limita tion of this measure is that it excludes t he financial impact of items tha t would otherwise either increase or decrease income tax expense. This limita tion is best addressed by using Adjusted Income Tax Expense in combination with income tax expense in order to better understand the amounts, charac ter and impac t of any increase or decrease in reported amounts. * U.S. Genera lly Accepted Accounting Principles 20

We present effective income tax rate after adjusting for the tax effect of special items inc luding charges related to restructuring and othe r charges, acquisition rela ted charges, impairment charges, other i ncome or charges, and ce rtain significant spec ial tax items, if any (“Adjusted Effective Tax Ra te”). We present Adjusted Effec tive Tax Ra te to provide investors further information regarding the tax rate effects of adjustments used in dete rmining the non-GAAP financial measure Adjusted Income from Cont inuing Operat ions (as defined be low). The diffe rence be tween Adjusted Effective Tax Ra te and effective income tax rate (the most comparable GAAP measure ) is the tax rate effec t of t he adjusting items and certain significant special tax items, if any. The limita tion of this measure is that it excludes t he financial impact of items tha t would otherwise either increase or decrease the e ffective income tax rate . This limita tion is best addressed by using Adjusted Effec tive Tax Ra te in combina tion with effective income tax rate in order to better understand the amounts, charac ter and impac t of any increase or decrease in reported amounts. We present income from continuing operations attributable to TE Connectivity Ltd. before spec ial items including charges or income related to restructuring and othe r charges, acquisition rela ted charges, impairment charges, tax sharing income related to certain proposed adjustments to prior pe riod tax re turns and other t ax items, certain significant specia l tax items, othe r income or charges, if any, and, if applicable , related tax effects (“Adjusted Income from Cont inuing Operat ions”). We present Adjusted Income from Continuing Operations as we believe that it is appropria te for investors to conside r results excluding these items in addition to results in accordance w ith GAAP. Adjusted Income from Continuing Operations provides additional information regarding our underlying opera ting results, trends and the comparabili ty of these results between pe riods. The di ffe rence between Adjusted Income from Continuing Operations and income from continuing operations attributable to TE Connectivity Ltd. ( the most comparable GAAP measure) consist s of the impact of special items and, if applicable, re lated tax e ffects. The limita tion of t his measure is tha t it excludes the financial impact of items tha t would otherwise either inc rease or dec rease our reported results. This limita tion is best addressed by using Adjusted Income from Continuing Operations in combina tion with income from continuing operations attr ibutable to TE Connectivity Ltd. in orde r to bette r understand the amounts, character and impact of any inc rease or dec rease in reported amounts. We present diluted earnings pe r sha re from continuing operations attr ibutable to TE Connectivity Ltd. be fore special items, inc luding charges or income re lated to restruc tur ing and other charges, acquisition rela ted charges, impairment charges, tax sharing income related to certain proposed adjustments to prior pe riod tax re turns and other t ax items, certain significant specia l tax items, othe r income or charges, if any, and, if applicable , related tax effects (“Adjusted Earnings P er Share”). We present Adjusted Earnings P er Share because we believe that it is appropriate for investors to consider results exc luding these items in addition to results in accordance with GAAP. We believe such a measure provides a pic ture of our results tha t is more comparable among periods since it excludes the impac t of spec ial items, which may recur, but tend to be irregular as to timing, the reby making compari sons between pe riods more di fficult. It also is a signif icant component in our incenti ve compensa tion plans. The limitation of this measure is that it excludes the financial impact of items tha t would otherwise either inc rease or dec rease our reported results. This limita tion is best addressed by using Adjusted Earnings Per Share in combination with diluted earnings per share from continuing operations attr ibutable to TE Connectivity Ltd. (the most comparable GAAP measure) in order to be tter understand the amounts, character and impact of any inc rease or decrease on reported results. “Free Cash Flow” (FCF) is a useful measure of our ability to generate cash. The dif ference between net cash provided by continuing operating activities (the most comparable GAAP measure) and Free Cash Flow (the non-GAAP measure) consist s mainly of significant cash outflows and inf lows that we believe are use ful to identify. We believe free cash f low provides use ful information to investors as it provides insight into the pri mary cash f low metr ic used by management to monitor and evaluate cash f lows generated from our operations. Free Cash Flow is defi ned as net cash provided by continuing operating activities excluding volunta ry pension contr ibutions and the cash impact of special items, if any, minus net capital expenditures. Ne t capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These it ems are subtrac ted because they represent long-te rm commitments. Voluntary pension contributions are excluded from the GAAP measure because thi s activity is driven by economic financing decisions rather than operating ac tivity. Certain special items, inc luding net payments rela ted to pre-separati on tax matte rs, also are considered by management in evalua ting free cash flow. We bel ieve investors should also consider these it ems in evalua ting our free cash f low . Free Cash Flow as presented he rein may not be comparable to similarly-titled measures reported by other companies. The pr imary limita tion of this measure is that it excludes items tha t have an impact on our GAAP cash f low. A lso, it subtrac ts certa in cash items that are ult imate ly within management ’s and the Board of Directors’ discretion to direc t and may imply that the re is less or more cash available for our programs than t he most comparable GAAP measure indica tes. This limita tion is best addressed by using Free Cash Flow in combina tion with the GAAP cash f low results. It should not be infe rred tha t the entire free cash flow amount is available for future discre tionary expenditures, as our de finition of free cash flow does not conside r certain non-disc retionary expenditures, such as debt payments. In addition, we may have other discretiona ry expenditures, such as discretiona ry dividends, share repurchases, and business acquisitions, tha t a re not considered in the calculation of f ree cash f low. Non-GAAP Measures (cont.) 21

Segment Summary Q2 FY2015 22 S egment Summary Q2 FY2015 ($ in millions) For the Quarte rs Ended Net Sales Adjusted Actual O rganic Operat ing Segment Q2 FY15 Q2 FY14 Growth Growth (1) Margin (1) $ 1,610 $ 1,571 2.5 % 3.0 % 20.7 % 797 789 1.0 5.2 14.1 675 604 11.8 15.9 9.0 $ 3,082 $ 2,964 4.0 % 6.2 % 16.4 % For the Six Months Ended Net Sales Adjusted Actual Organic Operating Segment Q2 FY15 Q2 FY14 Growth Growth (1) Margin (1) $ 3,222 $ 3,011 7.0 % 5.3 % 20.8 % 1,581 1,552 1.9 4.0 13.3 1,328 1,263 5.1 8.2 9.6 $ 6,131 $ 5,826 5.2 % 5.6 % 16.4 % (1) See desc ription and reconciliat ion of non-GAAP measures contained in t his appendix.

Reconc iliation of Ne t Sales Grow th– Q2 15 vs. Q2 14 23 Reconc iliation of Net Sales Growth- Q2 15 vs. Q2 14 Percentage of S egment's Total Change in Net Sales for the Quarter Ended March 27, 2015 Ne t Sales for the versus Net Sa les for the Quarter Ended March 28, 2014 Quarter Ended Organic (1) Translation (2) Acquisitions Total March 27, 2015 Transportation Solutions (3): ($ in millions) Automotive $ 49 3.8 % $ (127) $ - $ (78) (6.0) % 75 % Commercia l Transportation (3) (1.3) (18) - (21) (9.2) 13 Sensors 1 1.7 (6) 143 138 281.6 12 Tota l 47 3.0 (151) 143 39 2.5 100 % Industria l Solutions (3): Industria l Equipment 19 5.8 (27) 2 (6) (1.8) 41 Aerospace , De fense, Oil, and Gas 15 5.5 (20) 35 30 11.0 38 Energy 7 3.5 (23) - (16) (8.6) 21 Tota l 41 5.2 (70) 37 8 1.0 100 % Communications Solutions (3): Data and Devices (23) (6.0) (14) - (37) (9.7) 51 Appliances 10 6.0 (11) - (1) (0.6) 24 Subsea Communications 109 180.7 - - 109 180.7 25 Total 96 15.9 (25) - 71 11.8 100% Tota l $ 184 6.2 % $ (246) $ 180 $ 118 4.0 % Represents the change in net sales resulting from volume and price changes, be fore considera tion of acquisitions, divestitures, and the impac t of changes in foreign currency exchange rates. Organic net sales growth is a non-GAAP measure. See description of non-GAAP measures contained in t his appendix. Represents the change in ne t sa les resulting from changes i n foreign currency exchange rates. Industry end market information about ne t sa les is presented consistently with our internal management reporting and may be periodicall y revised as management deems necessary.

Reconc iliation of Ne t Sales Grow th– YTD Q2 15 vs. YTD Q2 14 24 Reconc iliation of Ne t Sales Grow th- YTD Q2 15 vs. YTD Q2 14 Percentage of S egment's Total Change in Net Sales for the Six Months Ended March 27, 2015 Net Sales for the versus Net Sales for the Six Months Ended March 28, 2014 Six Months Ended Organic (1) Translation (2) Acquisitions Total March 27, 2015 Transportation Solutions (3): ($ in millions) Automotive $ 144 5.8 % $ (188) $ - $ (44) (1.8) % 76 % Commercia l Transportation 12 2.7 (26) - (14) (3.3) 13 Sensors 4 4.5 (9) 274 269 277.3 11 Tota l 160 5.3 (223) 274 211 7.0 100 % Industria l Solutions (3): Industria l Equipment 20 3.1 (40) 3 (17) (2.6) 40 Aerospace , De fense, Oil, and Gas 34 6.5 (29) 69 74 14.2 38 Energy 8 2.1 (36) - (28) (7.4) 22 Tota l 62 4.0 (105) 72 29 1.9 100 % Communications Solutions (3): Data and Devices (74) (9.3) (24) - (98) (12.2) 53 Appliances 20 6.3 (15) - 5 1.6 24 Subsea Communications 158 108.6 - - 158 108.6 23 Total 104 8.2 (39) - 65 5.1 100% Total $ 326 5.6 % $ (367) $ 346 $ 305 5.2 % Represents the change in ne t sa les resulting from volume and price changes, be fore considera tion of acquisitions, divestitures, and the impac t of changes in foreign currency exchange rates. Organic net sales growth is a non-GAAP measure. See description of non-GAAP measures contained in t his appendix. Represents the change in ne t sa les resulting from changes i n foreign currency exchange rates. Industry end market information about ne t sa les is presented consistently with our internal management reporting and may be periodicall y revised as management deems necessary.

Reconc iliation of Ne t Sales Grow th by Segment and Geography – Q2 15 vs. Q2 14 25 Reconc iliation of Ne t Sales Grow th by Segment and Geography - Q2 15 vs. Q2 14 Change in Net Sales for the Quarter Ended March 27, 2015 ve rsus Ne t Sales for the Quarte r Ended March 28, 2014 Transportation Solutions: Organic (1) Transla tion (2) Acquisitions Total ($ in millions) EMEA $ 20 2.9 % $ (117) $ 62 $ (35) (5.1) % Asia-Pacific 23 4.2 (25) 21 19 3.5 Americas 4 1.1 (9) 60 55 15.9 Tota l 47 3.0 (151) 143 39 2.5 Industria l Solutions: EMEA 6 1.9 (57) 11 (40) (12.2) Asi a-Pacif ic 11 7.2 (8) 2 5 3.4 Americas 24 7.6 (5) 24 43 13.7 Tota l 41 5.2 (70) 37 8 1.0 Communications Solutions: EMEA 7 8.2 (15) - (8) (9.4) Asia-Pacif ic (30) (8.6) (9) - (39) (11.3) Americas 119 68.4 (1) - 118 67.8 Total 96 15.9 (25) - 71 11.8 Tota l: EMEA 33 3.0 (189) 73 (83) (7.6) Asia-Pacific 4 0.4 (42) 23 (15) (1.4) Americas 147 17.6 (15) 84 216 25.9 Total $ 184 6.2 % $ (246) $ 180 $ 118 4.0 % Represents the change in ne t sales resulting from volume and pr ice changes, before considera tion of acquisitions, divestitures, and the impac t of changes in foreign currency exchange rates. Organic net sales growth is a non-GAAP measure. See description of non¬GAAP measures contained in t his appendix. Represents the change in ne t sa les resulting from changes i n foreign currency exchange rates.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Six Months Ended March 27, 2015 26 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Six Months Ended March 27, 2015 Operat ing Income: U.S. GAAP Adjustments Adjusted (Non-GAAP) (4) Acquisition Related Charges (1) Restructuring and Other Charges, Net (2) Tax I tems (3) ($ in millions, except per share da ta) Transporta tion Solutions $ 618 $ 51 $ 1 $ - $ 670 Industr ial Solutions 170 22 18 - 210 Communications Solutions 85 - 42 - 127 Total $ 873 $ 73 $ 61 $ - $ 1,007 Operating Margin 14.2% 16.4% Other Income (Expense), Net $ (75) $ - $ - $ 94 $ 19 Income Tax (Expense) Benef it $ 15 $ (18) $ 7 $ (224) $ (220) Effective Tax Ra te NM (5) 22.8% Income from Continuing Operations Attributable to TE Connectivity Ltd. $ 751 $ 55 $ 68 $ (130) $ 744 Diluted Earnings per Share from Continuing Operat ions Attributable to TE Connectivity Ltd. $ 1.82 $ 0.13 $ 0.16 $ (0.31) $ 1.80 Includes $33 million of non-cash amortization associa ted with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales, $38 million of acquisition and integration costs, and $2 million of restruc tur ing costs. Includes an income tax charge for the estimated tax impacts of certain inte rcompany dividends rela ted to the restruc tur ing and anticipated sa le of the Broadband Network Solutions business. Includes $202 milli on of income tax bene fits associa ted with the se ttlement of audits of pr ior year income t ax returns as well as the rela ted impact of $94 million t o othe r expense pursuant to the tax sharing agreement w ith Tyco International and Covidi en. Also inc ludes income tax bene fits rela ted to the impac ts of certain non-U.S. tax l aw changes and t he associa ted reduction in the valuation allowance for tax loss carryforwards. See desc ription of non-GAAP measures contained in this appendix. Not meaningful.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended March 27, 2015 27 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended March 27, 2015 Operating Income: U .S . GAAP Adjustments Adjusted (Non-GAAP) (4) Acquisition Re lated Charges (1) Restructuring and Other Charges, Net (2) Tax I tems (3) ($ in millions, except per share da ta) Transporta tion Solutions $ 323 $ 10 $ - $ - $ 333 Industr ial Solutions 84 12 16 - 112 Communications Solutions 41 - 20 - 61 Total $ 448 $ 22 $ 36 $ - $ 506 Operating Margin 14.5% 16.4% Other Income (Expense), Net $ (5) $ - $ - $ 11 $ 6 Income Tax Expense $ (94) $ (4) $ 8 $ (13) $ (103) Effec tive Tax Ra te 22.9% 21.5% Income from Cont inuing Operat ions Attributable to TE Connectivity Ltd. $ 316 $ 18 $ 44 $ (2) $ 376 Diluted Earnings pe r Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 0.77 $ 0.04 $ 0.11 $ - $ 0.91 27 Includes $6 million of non-cash amortizati on associa ted with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales, $14 million of acquisition and integration costs, and $2 million of restruc tur ing costs. Includes an income tax charge for the estimated tax impacts of certain inte rcompany dividends rela ted to the restruc tur ing and anticipated sa le of the Broadband Network Solutions business. Includes an income tax benef it assoc iated with the sett lement of audits of pr ior year income t ax returns and the re lated impact to ot her expense pursuant to the tax sharing agreement w ith Tyco International and Covidi en. See desc ription of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended December 26, 2014 28 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended December 26, 2014 Operat ing Income: U.S. GAAP Adjustments Adjusted (Non-GAAP) (3) Acquisition Related Charges (1) Restructuring and Other Charges, Net Tax Items (2) ($ in millions, except per share da ta) Transporta tion Solutions $ 295 $ 41 $ 1 $ - $ 337 Industr ial Solutions 86 10 2 - 98 Communications Solutions 44 - 22 - 66 Total $ 425 $ 51 $ 25 $ - $ 501 Operating Margin 13.9% 16.4% Other Income (Expense), Net $ (70) $ - $ - $ 83 $ 13 Income Tax (Expense) Bene fit $ 109 $ (14) $ (1) $ (211) $ (117) Income from Continuing Operat ions A ttributable to TE Connectivity Ltd. $ 435 $ 37 $ 24 $ (128) $ 368 Diluted Earnings pe r Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 1.05 $ 0.09 $ 0.06 $ (0.31) $ 0.89 Includes $24 million of acquisition and integration costs and $27 million of non-cash amortization associa ted with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales. Includes $189 milli on of income tax bene fits associa ted with the se ttlement of audits of pr ior year income t ax returns as well as the rela ted impact of $83 million t o othe r expense pursuant to the tax sharing agreement w ith Tyco International and Covidi en. Also inc ludes income tax bene fits rela ted to the impac ts of certain non-U.S. tax l aw changes and t he associa ted reduction in the valuation allowance for tax loss carryforwards. See desc ription of non-GAAP measures contained in this appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Year Ended September 26, 2014 29 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Year Ended September 26, 2014 Operat ing Income: U.S. GAAP Adjustments Adjusted (Non-GAAP) (3) Acquisition Related Charges (1) Restructuring and Other Charges, Net Tax Items (2) ($ in millions, except per share da ta) Transporta tion Solutions $ 1,245 $ 4 $ 4 $ - $ 1,253 Industrial Solutions 431 31 7 - 469 Communications Solutions 129 - 8 - 137 Total $ 1,805 $ 35 $ 19 $ - $ 1,859 Operating Margin 15.1% 15.5% Other Income, Net $ 63 $ - $ - $ (39) $ 24 Income Tax Expense $ (146) $ (7) $ (4) $ (239) $ (396) Effec tive Tax Ra te 8.3% 22.3% Income from Continuing Operat ions A ttributable to TE Connectivity Ltd. $ 1,614 $ 28 $ 15 $ (278) $ 1,379 D ilut ed Earnings pe r Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 3.87 $ 0.07 $ 0.04 $ (0.67) $ 3.31 Includes $31 million of acquisition and integration charges and $4 million of non-cash amortization associa ted with fair value adjustments primarily rela ted to acquired inventories and customer orde r backlog recorded in cost of sales. Includes income tax bene fits of $282 million recognized in connection with a reduction in the valuation allowance associated with certa in tax loss ca rry forwards and income tax expense re lated to adjustments to prior year income tax returns. In addition, other income inc ludes amounts related to reimbursements by Tyco International and Covidi en in connec tion with pre-separation tax matte rs, inc luding $18 million relat ed to our share of a settlement agreement entered into by Tyco Internati onal with a former subsidiary. See description of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended September 26, 2014 30 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended September 26, 2014 Operat ing Income: Transportation Solutions Industria l Solutions Communications Solutions U.S. GAAP Adjustments Adjusted (Non-GAAP) (3) Acquisition Re lated Charges (1) Restructuring and Other Charges, Net Tax Items (2) $ 297 113 41 ($ in millions, except pe r sha re data) $ 4 $ 4 $ - 29 - - - - - $ 305 142 41 Total $ 451 $ 33 $ 4 $ - $ 488 Operating Margin 14.7% 15.9% Other Income, Ne t $ 6 $ - $ - $ - $ 6 Income Tax (Expense) Benef it $ 185 $ (7) $ 3 $ (282) $ (101) Income from Cont inuing Operat ions A ttributable to TE Connectivity Ltd. $ 614 $ 26 $ 7 $ (282) $ 365 Diluted Earnings pe r Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 1.48 $ 0.06 $ 0.02 $ (0.68) $ 0.88 Includes $29 million of acquisition and integration costs and $4 million of non-cash amortization associa ted with fair value adjustments primarily rela ted to acquired inventories and customer orde r backlog recorded in cost of sales. Income tax benef its recognized in connection with a reduction in the valuation allowance associated with certa in tax loss carryforwards. See desc ription of non-GAAP measures contained in this appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended June 27, 2014 31 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended June 27, 2014 Operating Income: Transportation Solutions Industr ial Solutions Communications Solutions Tota l U .S. GAAP Adjustments Adjusted (Non-GAAP) (1) Acquisition Related Charges Restructur ing and Other Charges, Net $ 325 121 18 ($ in millions, except per share da ta) $ - $ - 1 1 - 9 $ 325 123 27 $ 464 $ 1 $ 10 $ 475 Operating Margin 15.1% 15.4% Other Income, Ne t $ 9 $ - $ - $ 9 Income Tax Expense $ (102) $ - $ (3) $ (105) Effective Tax Ra te 22.7% 22.8% Income from Continuing Operations Attributable to TE Connectivity Ltd. $ 347 $ 1 $ 7 $ 355 Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 0.83 $ - $ 0.02 $ 0.85 (2) See desc ription of non-GAAP measures contained in this appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Six Months Ended March 28, 2014 32 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Six Months Ended March 28, 2014 Operat ing Income: U.S. GAAP Adjustments Adjusted (2) I tems (1)(Non-GAAP) Acquisition Re lated Charges Restructur ing and Other Charges, Net Tax ($ in millions, except per sha re data) Transportation Solutions $ 623 $ - $ - $ - $ 623 Industria l Solutions 197 1 6 - 204 Communications Solutions 70 (1) - 69 Total $ 890 $ 1 $ 5 $ - $ 896 Operating Margin 15.3% 15.4% Other Income, Ne t $ 48 $ - $ - $ (39) $ 9 Income Tax Expense $ (229) $ - $ (4) $ 43 $ (190) Effective Tax Rate 26.0% 22.4% Income from Cont inuing Operat ions A ttributable to TE Connectivity Ltd. $ 653 $ 1 $ 1 $ 4 $ 659 Diluted Earnings per Share from Continuing Operat ions Attributable to TE Connectivity Ltd. $ 1.57 $ - $ - $ 0.01 $ 1.58 Includes income tax expense re lated to adjustments to prior year income tax returns. In addition, other income inc ludes amounts related to reimbursements by Tyco International and Covidi en in connec tion with pre-separation tax matte rs, inc luding $18 million relat ed to our share of a settlement agreement entered into by Tyco Internati onal with a former subsidiary. See description of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended March 28, 2014 33 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended March 28, 2014 Adjustments Restructuring Acquisition and Other Re lated Charges Tax Adjusted U.S. GAAP Charges (Credits), Net Items (1) (Non-GAAP) (2) Operat ing Income: Transportation Solutions Industria l Solutions Communications Solutions Tota l $ 338 102 31 $ ($ in millions, except per sha re data) - $ (1) $ - 1 4 - - (4) - $ 337 107 27 $ 471 $ 1 $ (1) $ - $ 471 Opera ting Margin 15.9% 15.9% Other Income, Net $ 16 $ - $ - $ (14) $ 2 Income Tax Expense $ (120) $ - $ (3) $ 36 $ (87) Effective Tax Ra te 26.1% 19.5% Income from Continuing Operations Attributable to TE Connectivity Ltd. $ 340 $ 1 $ (4) $ 22 $ 359 Diluted Earnings per Share from Continuing Operat ions Attributable to TE Connectivity Ltd. $ 0.82 $ - $ (0.01) $ 0.05 $ 0.86 Includes income tax expense re lated to adjustments to prior year income tax returns. In addition, other income inc ludes amounts related to reimbursements by Tyco International and Covidi en in connec tion with pre-separation tax matte rs. See descr iption of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended December 27, 2013 34 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended December 27, 2013 Operat ing Income: Transportation Solutions Industria l Solutions Communications Solutions Tota l U .S. GAAP Adjustments Adjusted (Non-GAAP) (2) Restructuring and Other Charges, Net Tax Items (1) $ 285 95 39 ($ in millions, except pe r share data) $ 1 $ - 2 - 3 - $ 286 97 42 $ 419 $ 6 $ - $ 425 Operating Margin 14.6% 14.8% Other Income, Ne t $ 32 $ - $ (25) $ 7 Income Tax Expense $ (109) $ (1) $ 7 $ (103) Income from Continuing Operations Attributable to TE Connectivity Ltd. $ 313 $ 5 $ (18) $ 300 Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 0.75 $ 0.01 $ (0.04) $ 0.72 Includes income tax expense re lated to adjustments to prior year income tax returns. In addition, other income inc ludes amounts related to reimbursements by Tyco International and Covidi en in connec tion with pre-separation tax matte rs, inc luding $18 million relat ed to our share of a settlement agreement entered into by Tyco Internati onal with a former subsidiary. See description of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Year Ended September 27, 2013 35 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Year Ended September 27, 2013 Operat ing Income: U.S. GAAP Adjustments Adjusted (Non-GAAP) (2) Acquisition Related Charges Restructur ing and Other Charges, Net Tax Items (1) ($ in millions, except per share da ta) Transporta tion Solutions $ 934 $ 7 $ 39 $ - $ 980 Industr ial Solutions 344 7 63 - 414 Communications Solutions 107 - 120 - 227 Total $ 1,385 $ 14 $ 222 $ - $ 1,621 Operating Margin 12.2% 14.2% Other Income (Expense), Net $ (183) $ - $ - $ 213 $ 30 Income Tax (Expense) Benef it $ 75 $ (5) $ (62) $ (354) $ (346) Income from Continuing Operations Attributable to TE Connectivity Ltd. $ 1,154 $ 9 $ 160 $ (141) $ 1,182 Diluted Earnings per Share from Continuing Operat ions Attributable to TE Connectivity Ltd. $ 2.73 $ 0.02 $ 0.38 $ (0.33) $ 2.79 35 Includes $331 milli on of income tax bene fits associa ted with the se ttlement of an audit of pr ior year income t ax returns as well as the rela ted impact of $231 million t o othe r expense pursuant to the tax sharing agreement w ith Tyco International and Covidi en. Also inc ludes income tax expense rela ted to adjustments to pr ior year income t ax returns, income tax benef its recognized in connection with a reduction in the valuation allowance associated with certa in tax loss carryforwards, and income tax bene fits recognized in connection with the lapse of statutes of l imitati ons for examinations of prior year income tax returns. In addition, the othe r income adjustment inc ludes amounts related to reimbursements by Tyco International and Covidi en in connec tion with pre-separation tax matte rs. See descr iption of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended September 27, 2013 36 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended September 27, 2013 Operat ing Income: Transportation Solutions Industria l Solutions Communications Solutions U.S. GAAP Adjustments Adjusted (Non-GAAP) (2) Acquisition Re lated Charges Restructur ing and Other Charges, Net Tax Items (1) $ 249 122 64 $ ($ in millions, except per sha re data) 2 $ 10 $ - 1 7 - - 9 - $ 261 130 73 Total $ 435 $ 3 $ 26 $ - $ 464 Operating Margin 14.9% 15.9% Other Income, Net $ 16 $ - $ - $ (9) $ 7 Income Tax Expense $ (58) $ (2) $ (5) $ (40) $ (105) Income from Cont inuing Operat ions A ttributable to TE Connectivity Ltd. $ 364 $ 1 $ 21 $ (49) $ 337 Diluted Earnings pe r Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 0.87 $ - $ 0.05 $ (0.12) $ 0.80 36 Includes income tax benef its recognized in connection with a reduction in the valuation allowance associated with certa in tax loss carryforwards partially of fset by income t ax expense re lated to adjustments to prior year income tax returns. In addition, the othe r income adjustment inc ludes amounts related to reimbursements by Tyco International and Covidi en in connec tion with pre-separation tax matte rs. See descr iption of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended June 28, 2013 37 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended June 28, 2013 Operating Income: Transportation Solutions Industr ial Solutions Communications Solutions Tota l U .S. GAAP Adjustments Adjusted (Non-GAAP) (2) Acquisition Related Charges Restructur ing and Other Charges, Net Tax Items (1) $ 272 79 32 $ ($ in millions, except per sha re data) 1 $ - $ - 2 23 - - 21 - $ 273 104 53 $ 383 $ 3 $ 44 $ - $ 430 Operating Margin 13.0% 14.6% Other Income, Ne t $ 18 $ - $ - $ (8) $ 10 Income Tax Expense $ (89) $ (1) $ (13) $ - $ (103) Income from Continuing Operat ions A ttributable to TE Connectivity Ltd. $ 281 $ 2 $ 31 $ (8) $ 306 Diluted Earnings pe r Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 0.67 $ - $ 0.07 $ (0.02) $ 0.73 Re lates to reimbursements by Tyco International and Covidi en in connec tion with pre-separation tax matte rs. See descr iption of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended March 29, 2013 38 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended March 29, 2013 Operating Income: U .S . GAAP Adjustments Adjusted (2) Items (1)(Non-GAAP) Acquisition Re lated Charges Restructur ing and Other Charges, Net Tax ($ in millions, except per sha re data) Transportation Solutions $ 231 $ 1 $ 19 $ - $ 251 Industria l Solutions 75 2 21 - 98 Communications Solutions (1) - 42 - 41 Total $ 305 $ 3 $ 82 $ - $ 390 Operating Margin 10.8% 13.8% Other Income, Ne t $ 9 $ - $ - $ (1) $ 8 Income Tax Expense $ (33) $ (1) $ (24) $ (13) $ (71) Income from Cont inuing Operat ions A ttributable to TE Connectivity Ltd. $ 250 $ 2 $ 58 $ (14) $ 296 Diluted Earnings pe r Share from Continuing Operations Attributable to TE Connectivity Ltd. $ 0.59 $ - $ 0.14 $ (0.03) $ 0.70 Re flec ts income tax benef its recognized in connection with the lapse of sta tutes of limitations for examina tions of pr ior year income tax returns in ce rtain non-U .S . locations partia lly offse t by income tax expense rela ted to adjustments to pr ior year income t ax returns. See descri ption of non-GAAP measures contained in t his appendix.

Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended December 28, 2012 39 Reconc iliation of Non-GAAP Financia l Measures t o GAAP Financ ial Measures for the Quarter Ended December 28, 2012 Operat ing Income: Transportation Solutions Industria l Solutions Communications Solutions U.S. GAAP Adjustments Adjusted (2) Items (1)(Non-GAAP) Acquisition Re lated Charges Restructur ing and Other Charges, Net Tax $ 182 68 12 $ ($ in millions, except per share da ta) 3 $ 10 $ - 2 12 - - 48 - $ 195 82 60 Total $ 262 $ 5 $ 70 $ - $ 337 Operat ing Margin 9.7% 12.4% O ther Income (Expense), Ne t $ (226) $ - $ - $ 231 $ 5 Income Tax (Expense) Benef it $ 255 $ (1) $ (20) $ (301) $ (67) Income from Continuing Operations Attributable to TE Connectivity Ltd. $ 259 $ 4 $ 50 $ (70) $ 243 Diluted Earnings per Share from Continuing Operat ions Attributable to TE Connectivity Ltd. $ 0.61 $ 0.01 $ 0.12 $ (0.16) $ 0.57 Includes $331 million of income tax benef its associat ed with the settlement of an audit of prior year tax returns as well as the rela ted impact of $231 million t o othe r expense pursuant to the tax sharing agreement w ith Tyco International and Covidi en. Also inc ludes income tax expense rela ted to adjustments to pr ior year income t ax returns and the estimated impacts of ce rtain inte rcompany dividends. See description of non-GAAP measures contained in t his appendix. 39

Reconc iliation of Gross Margin & Gross Margin Percentage 40 Reconc iliation of Gross Margin & Gross Margin Percentage For the Quarte rs Ended For the Six Months Ended March 27, 2015 March 28, 2014 March 27, 2015 March 28, 2014 ($ in millions) Net Sales $ 3,082 $ 2,964 $ 6,131 $ 5,826 Cost of Sales 2,031 1,969 4,060 3,886 Gross Margin 1,051 995 2,071 1,940 Gross Margin Percentage 34.1% 33.6% 33.8% 33.3% Acquisition Re lated Charges 6 - 33 - Adjusted Gross Margin (1) $ 1,057 $ 995 $ 2,104 $ 1,940 Adjusted Gross Margin Percentage (1) 34.3% 33.6% 34.3% 33.3% (1) See desc ription of non-GAAP measures contained in this appendix.

Reconc iliation of Free Cash Flow 41 Reconc iliation of Free Cash Flow For the Quarte rs Ended For the Six Months Ended March 27, March 28, March 27, March 28, 2015 2014 2015 2014 ( in millions) Net cash provided by continuing operating activities $ 350 $ 411 $ 555 $ 740 Capital expenditures, ne t (155) (146) (285) (260) Payments (receipts) rela ted to pre-separati on U.S. tax matters, net 22 (21) 26 (21) Free cash flow (1) $ 217 $ 244 $ 296 $ 459 (1) See desc ription of non-GAAP measures contained in this appendix.

Reconc iliation of Forward-Looking Non-GAAP Financia l Measures t o Forward-Looking GAAP Financial Measures for Q2 2015 42 Reconc iliation of Forward-Looking Non-GAAP Financia l Measures t o Forward-Looking GAAP Financial Measures for Q2 2015 Recast (1) Outlook for the Outlook for the Quarte r Ended Quarter Ended March 27, 2015 March 27, 2015 As of January 28, As of January 28, D iluted earnings per share from continuing operations attributable to TE 2015 2015 Connectivity Ltd. (GAAP) $ 0.91 $ 0.80 Restructuring and other charges, ne t 0.04 0.04 Acquisition rela ted charges 0.05 0.05 Adjusted diluted ea rnings pe r sha re from continuing operations attr ibutable to TE Connectivity Ltd. (non-GAAP) (2) $ 1.00 $ 0.89 Recast to ref lect the Broadband Network Solutions business as a discontinued operation. See description of non-GAAP measures contained in t his appendix.

Reconc iliation of Forward-Looking Non-GAAP Financia l Measures t o Forward-Looking GAAP Financial Measures for Q3 2015 and Fiscal 2015 As of April 22, 2015 43 Reconc iliation of Forward-Looking Non-GAAP Financia l Measures t o Forward-Looking GAAP Financial Measures for Q3 2015 and Fiscal 2015 As of April 22, 2015 D iluted earnings per share from continuing operations attributable to TE Outlook for the Quarte r Ending June 26, 2015 Outlook for Fiscal 2015 Connectivity Ltd. (GAAP) $0.80 - 0.84 $3.51 - 3.65 Restructuring and other charges, ne t 0.01 0.18 Acquisition rela ted charges 0.04 0.22 Tax items - (0.31) Adjusted diluted earnings per share from continuing operations attr ibutable to TE Connectivity Ltd. (non-GAAP) (1) $0.85 - 0.89 $3.60 - 3.74 Net sa les grow th (GAAP) 2 - 5% 3 - 6% Transla tion 10 - 11 8 (Acquisitions) divestitures (7) (6) Organic net sales growth (non-GAAP) (1) 5 - 9% 5 - 8% (1) See descr iption of non-GAAP measures contained in t his appendix.

Reconc iliation of Forward-Looking Non-GAAP Financia l Measures t o Forward-Looking GAAP Financial Measures for Fiscal 2015 Reconc iliation of Forward-Looking Non-GAAP Financia l Measures t o Forward-Looking GAAP Financial Measures for Fiscal 2015 Recast (1) Outlook for Outlook for Outlook for Outlook for Fiscal 2015 Fiscal 2015 Fi scal 2015 Fiscal 2015 As of October 29, As of January 28, As of January 28, As of April 22 Diluted earnings per share from continuing operations attr ibutable to TE 2014 2015 2015 2015 Connectivity Ltd. (GAAP) $ 4.14 $ 4.19 $ 3.66 $ 3.58 Restructuring and other charges, ne t 0.09 0.10 0.10 0.18 Acquisition rela ted charges 0.23 0.22 0.22 0.22 Tax items (0.26) (0.31) (0.31) (0.31) Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-GAAP) (2) $ 4.20 $ 4.20 $ 3.67 $ 3.67 Recast to ref lect the Broadband Network Solutions business as a discontinued operation. See description of non-GAAP measures contained in t his appendix. 44

te connectivity ltd.d1lge852tjjqow.cloudfront.net/cik-0001385157/f45eb...on april 22, 2015 , te...

Documents