Transforming Consumer Technologies Group

President, Consumer Technologies Group (CTG)

Mike Dennison

CTG at a glanceFY 16 quick stats:

– $1.57B new bookings

– 55 new customers

– ~$1B in Wearables revenue

– >$0.5B in new Connected Home revenue

7% YoY Sketch-to-scaleTM

growth

Opened SF Invention Lab

Announced Nike business

Acquired Wink

1,5652,011 2,058

1,364

Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16

Revenue - $7.0BTotal CTG($M)

9781,362 1,407

899

Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16

Revenue - $4.6B Excluding all Lenovo Motorola Smartphones($M)

2

Investing in new markets

0

200

400

600

800

1,000

1,200

1,400

1,600

FY 14 FY 15 FY 16

Wearables

Connected Home

7 New Customers

10 New Customers

10 New Customers

5 New Customers

+90%

+100%

Revenue ($M)

3

Investing in new business models

Operating Profit

5+ %

2+ %

3-4 %

Customers Added

42

6

7

Revenue Growth

113 %

-34 %

48 %

FY 16 Achieved

STRATEGIC

CORE

ICE

4

Developing growth vectors

Fashion

ConnectedHome

ConsumerHealth

New Generation Products

Digital SportNike

• Smart Appliances• Home Hubs• Media Devices• Connected Audio

• Connected Jewelry• Bags with Power• Smart Accessories

• Advanced Wearables• Telehealth• Personalized Monitoring

• Drones• Virtual & Augmented Reality• Telematics

• Activity Trackers• Smart Helmets• Smart Watches• Athletic Apparel

• Shoes

5

Leveraging global innovation

Sorocaba, Brazil

Irving, TX Plano, TX

Milpitas, CA Raleigh, NC

Stuttgart, Germany Althofen, Austria

Migdal Haemek, Israel

Linkoping, Sweden

Milan, Italy

Brno, Czech Republic Wuzhong, China

Taipei, Taiwan

Atlanta, GA

New Market, Canada

Timisoara, Romania

Kallang, Singapore

Coopersville, MI

Cebu, Philippines

Ottawa, Canada

Zhuhai, ChinaHuang Tian

(Shenzhen), ChinaGuadalajara, Mexico

San Francisco, CA

Vancouver, CanadaBudapest, Hungary

Boston, MANew York, NY

Haifa, Israel Shanghai, China

Burlington, CanadaFarmington Hills, MI

Austin, TX

Ronneby, Sweden

NEW YORK• Gateway to Flex for East Coast • ICE Office• Home to iconic fashion brands ad design mecca• FLEX creating the bridge coast to coast• Wink HQ

SAN FRANCISCO• Gateway to high tech innovation• Home to key technologies • Path to FLEX talent• FLEX SF Invention Center

6

0.0%

1.0%

2.0%

3.0%

4.0%

FY 14 FY 16

Continuous transformation

Driving new customers in new industries, with greater margins

12%

27%

21%

30%

CEC CTG IEI HRS

FY 2016

21%Total Flex

* Excludes Lenovo Motorola

~40%

~90%

CTG OP%*

7

In 18 months, 20 inventions on the factory floor

Fastest new Nike factory ramp,150 days from start to first ship

On track to have meaningful revenue in FY 18

Enabling customization & regionalization

8

Wink is an IoTsoftware platform that connects the world’s greatest brands together

Wink’s core purpose is to simplify your life and to help you live smarter by making all your connected technology more accessible and functional

Flex acquired Wink in November 2015

• 401,106 Users• 1.1MM Devices Added• New home added every 2 minutes

9

Brita’s first smart, Wi-Fi enabled pitcher

10

11

Fully-automated assembly line

11

Valve Video

Enabling a Fashion titan to enter technology

13

Connecting sound to consumers worldwide

14

New Markets55 New Customers6 Growth Vectors

Enabling Profitable Growth in FY 17, 18, and 19

Sketch to Scale113% growth in ICE & 48% growth in Strategic

Exceeding OP targets in ICE and Strategic

Enabling a Smarter, More Connected World

Leverage Technology Across IndustriesWink becomes a powerful ecosystem

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