Investor PresentationNovember 2014

2

This presentation contains forward-looking statements, which are based on current

expectations and assumptions that are subject to risks and uncertainties and actual

results could materially differ. Such information is subject to change and we

undertake no obligation to update these forward-looking statements. For a

discussion of the risks and uncertainties, see our most recent filings with the

Securities and Exchange Commission, including our current, annual and quarterly

reports.

If this presentation references non-GAAP financial measures, these measures are

located on the “Investor Relations” section of our website, www.flextronics.com along

with the required reconciliation to the most comparable GAAP financial measures.

Risks and Non-GAAP Disclosures

3

Table of Contents

Flextronics Platform

Manufacturing

Technologies

Headcount

Balanced Global

Manufacturing Footprint

4-7

8

9

10

IntroBusiness

Groups

Differentiated

Strategy

Cash Flow &

Capital

Structure

Latest

Financial

Update

FY14 Revenue Mix

Long-Term Model

INS Summary

INS Differentiation

IEI Summary

IEI New Business Wins

IEI Differentiation

HRS Summary

HRS Differentiation

CTG Summary

CTG Differentiation

CTG Pyramid

CTG Growth Potential &

Margin Profile

12

13

14

15

16

17

18

19

20

21

22

23

24

World Is Changing

Driving Future

Revenue Growth

Strategic Relationships

HRS Automotive

Medical Technology

Wearable Technology

Connected Home

Open Innovation

Platform Strategy

INS Customers: IPOs

Automation

Customer Innovation

Center (CIC)

Elementum

Made in the USA

26

27

28

29

30

31

32

33

34

35

36

37-38

39

Free Cash Flow

Generation

Solid Capital Structure

Strategic M&A

Investments

Share Repurchase

41

42

43

44

Q2 FY15 Highlights &

Key Trends

Trended Quarterly IS

Highlights

Revenue by Business

Group

Motorola Update

FY14 Income Statement

Highlights

FY14 Summary:

Financial Principles

High Level Summary

46

47

48

49

50

51

52

4

Flextronics Platform

A Supply Chain Solutions Provider

Lower costs, reduce risk and increase velocity

Our system for creating value for our customers to increase their competitiveness

5

Flextronics Platform

A Supply Chain Solutions Provider

Improve

decision making• Monitor the health

of your supply chain

real-time

• Simultaneously

launch new

products across

multiple continents

• Time-to-market

advantages from

regionalized

solutions

6

Increase

competitiveness• Innovation that

brings products to

market faster

• ~2,500 design

engineers enabling

technology

innovation

• Global network of

forward, reverse

and spare parts

logistics

Flextronics Platform

A Supply Chain Solutions Provider

7

Leverage global

assets• ~$26 billion in sales in

FY14

• Over 100 sites spanning

30 countries with a

workforce of ~200,000

• ~52M square feet of

manufacturing and

services globally

• 3 Product Innovation

Centers and expanding

Flextronics Platform

A Supply Chain Solutions Provider

8

Manufacturing Technologies

Power Flexible & Rigid

Circuits

Machining

Precision

Plastics

EnclosuresAutomotive

Components

9

41%

14%

11%

15%

6%

8%

1%4%

Employee base centered in key low-cost manufacturing locations across various emerging markets.

Strong presence in the U.S. and Europe to support high-mix, low-volume requirements.

~200,000 Employees Strong Worldwide

Mexico

South East Asia

Europe

China

U.S.

Brazil India

Other

10

Balanced Global Manufacturing Footprint

>70 Locations | ~25M Square Feet | ~200K Employees

Power

PCBA, Box Build, SI

Mechanicals

Aguascalientes, MX ●●

Althofen, Austria ●

Austin, TX ●●Dallas, TX ●

Fort Worth, TX ●Houston, TX ●

Batam, Indonesia ●

Cebu, Philippines ●●

Ashville, NC ●Charlotte, NC ●

Chengdu, China ●●

Chennai, India ●●●

Columbia, SC ●

Coopersville, MI ●

Cork, Ireland ●Limerick, Ireland ●

Dalingshan (Dongguan), China ●Qiaotou (Dongguan), China ●

Guadalajara, MX ●●

Huang Tian (Shenzhen), China ●●Gushu (Shenzhen), China ●Nanjing, China ●Shanghai, China ●Shenzhen, China ●Suzhou, China ●Wuzhong (Suzhou), China ●●●Zhuhai, China ●●

Ibaraki, Japan ●

Jaguariuna, Brazil ●

Juarez, MX ●●

Joo Koon Singapore ●●Kallang, Singapore ●

Manaus, Brazil ●●

Migdal Haemek, Israel ●Ofakim, Israel ●Yavne, Israel ●

Milpitas, CA ●●Morgan Hill, CA ●San Carlos, CA ●

Mukachevo, Ukraine ●

Northfield, MN ●

Penang, Malaysia ●●Port of Tanjong Pelepas (Johor), Malaysia ●Senai (Johor), Malaysia ●●Skudai (Johor), Malaysia ●

Ronneby, Sweden ●

Sarvar, Hungary ●●Tab, Hungary ●Zalaegerszeg, Hungary ●

Sorocaba, Brazil ●●

Taipei, Taiwan ●

Tczew, Poland ●●

Tianjin, China ●

Tijuana, MX ●●

Timisoara, Romania ●●

Toronto, Canada ●

Treviso, Italy ●

Valencia, CA ●

Zurich, Switzerland ●

Tempe, AZ ●

Buffalo Grove, IL ●

Manchester, CT ●

Sonderborg, Denmark ●

Business Groups

12

Four Primary Business Groups: FY14 Revenue Mix

High Reliability SolutionsAerospace & Defense, Automotive, Medical

Industrial & Emerging Industries Energy Management, Appliance & Lifestyle, Equipment & Automation

Consumer Technology GroupMobile, Consumer, Computing34%

Integrated Network SolutionsTelecommunications, Networking, Server & Storage39%

15%

12%

13

Vision is to provide 5-10% annual EPS accretion

Long-Term Model

Operating

Margin

Long-Term Model

HRS

IEI

CTG

Revenue

Growth

Double digit 5-7%

4-6%

3-4%

2-3%

Double digit

ICE* focused

Trend with marketINS

Maintaining strong cost discipline focused on driving

productivity & operating expense leverage

* Innovative, Connected and Emerging Technologies - ICE (within Consumer Technology Group - CTG)

35%

20%

20%

25%

Long-Term Portfolio

40%

Balanced portfolio leads to a sustainable

and predictable business model

HRSIEI

CTGINS

14

$9,939$10,782

$11,452$10,637 $10,136

FY10 FY11 FY12 FY13 FY14

Telecom 3G

4G

LTE

Wireless

Microwave

FEMTO

Networking / Access

Products• Optical

• Routers

• Switching

• PBX

• Enterprise

Server & Storage Enterprise

Flash

SSD

Mid-Range

High-End

FY14 Revenue Mix

~ 39% of Total Revenue

38%

37%

25%

Networking &

Access

Products

Server /

Storage

Telecom

($ mil)

Integrated Networking Solutions (INS)

• VOIP

• Video Conference

• Datacards

• MiFi Devices

15

INS Differentiation

Fast Facts:

INS

• 700+ engineers, 100 customers

• Partnerships with EVERY major player in this space

• Flextronics was either the sole-source or a strategic supply chain partner to the majority of

recent IPOs in INS

Networking / Access Products

• Industry rank #1 in IP Core/Edge & Optical Routings & Switching

• Leading position in disruptive SDN market

• Key customers: Cisco, Juniper, Alcatel-Lucent, Palo Alto Networks, Ciena

Telecom

• Industry rank #1 in Wireless/Radio Access Networks

• Dominate position in LTE with all major OEMs

• Leading position in disruptive small cell market (pico, micro)

• Key customers: Alcatel-Lucent, Ericsson, Huawei, Nokia Networks

Server & Storage

• Top 3 Position

• Dominate position in disruptive flash based technologies

• Market leader in cyber security & application control

• Key customers: EMC, Teradata, F5, Citrix, Nimble, FireEye, Infoblox

16

20+ Diversified Markets

$3,084

$3,853 $3,980$3,752 $3,806

FY10 FY11 FY12 FY13 FY14

FY14 Revenue Mix

~ 15% of Total Revenue

($ mil)

Industrial & Emerging Industries (IEI)

Industrial

Automation

Appliances

and Lifestyle

Self-Service

/ Smart

Retail

Capital

Equipment

Building

Automation

Safety &

SecurityEnergy

17

IEI New Business Wins

Industrial

Automation

Appliances

and Lifestyle

Self-Service

/ Smart

Retail

Capital

Equipment

Building

Automation

Safety &

Security

Energy

18

IEI Differentiation

Fast Facts:

• Industry ranking: Industrial #1

• Flextronics participates in 20+ diversified markets with over 250 customers

• Geographic footprint: 60 sites, 5 design R&D centers, largest footprint in North

America and Europe

• Developed leading edge solutions for industrial automation, appliances, self-service

kiosks, capital equipment, lifestyle buildings automation, smart meters, building

automation, oil and gas and water transport & treatment markets

• 17 plastics sites (2000+ injection molding machines), 10 metal forming sites, 100+

PCBA and system assembly locations

• 2013 Platform/supply chain solutions new win with floor care company $350M

• Innovation driven customer engagements leading to manufacturing

• In FY14, 10 major design wins leading to ~$350M in manufacturing revenue

• Key customers: Xerox, Teradyne, Applied Materials, Dyson

19

Automotive• Vehicle Electronics

• Connectivity

• Energy Management

~25%

~25% ~26%

~21%

~3%

Auto

Electronics

Aero/Defense

Disposable

Medical

Devices

Car

ConnectivityMedical

Equipment

FY14 Revenue Mix

~ 12% of Total Revenue

$1,437

$1,899

$2,358

$2,818

$3,257

FY10 FY11 FY12 FY13 FY14

Defense & Aerospace• Defense

• Civil Aviation

• Homeland Security

Medical• Consumer Health

• Drug Delivery

• Disposable Devices

• Medical Equipment

($ mil)

High Reliability Solutions (HRS)

20

HRS Differentiation

Fast Facts:

HRS

• Reached $800M+ quarterly revenue, surpassed $3B in FY14

• Grew revenue double-digits y/y for 13 consecutive quarters

• 600 design engineers, 145+ customers

• Acquisitions: FY12 Stellar (medical/A&D), FY13 Saturn (auto), FY14 RIWISA (medical)

• Proactive marketing across HRS industry tradeshows

Automotive

• $1.7B+ revenue business

• #1 industry ranking. Product portfolio includes connectivity, LED lighting, power electronics

• Customers are OEMs and Tier 1 suppliers

• Key customers: Ford, Nexteer, Automotive Lighting, Chrysler

• 18 automotive facilities, 12 countries, 8K+ employees

• 6 lead design centers with over 250+ engineers

• FY14 achievements: $350M+ new business awards, 6 new customers, 23 patents filed

Medical

• Reaching $1.5B in annual revenue. Diversified portfolio: drug delivery, disposables, equipment, diagnostics

• #1 manufacturing solutions provider in the medical industry

• Engagement with 17 of the top 25 medical device companies

• Flextronics produces #2 best-selling glucose meter in China

• Flextronics helped design 65+ medical products in the market today

• 16 medical locations, 15K employees worldwide, 350+ dedicated engineers

Aerospace & Defense

• Industry ranking #6, ~$100M revenue business

• AS9100C and ISO9001 registered, DMEA trusted supplier, ITAR certified, FAA regulatory

• Portfolio: defense, civil aviation, homeland security

21

46%

31%

23%

Consumer

ComputingMobile

$9,502

$11,909$11,554

$6,363

$8,910

FY10 FY11 FY12 FY13 FY14

FY14 Revenue Mix

~ 34% of Total Revenue

Mobile• Smart Phones

• Wireless Modules

• Headsets

• Portable Audio

Consumer • Game Consoles & Accessories

• Wearable Technology

• Smart Home Devices

• Home Entertainment Equipment

Computing• EMS Desktop / Notebook PCs

• Tablets

• Printers

($ mil)

Consumer Technology Group (CTG)

22

CTG Differentiation

Fast Facts:

• New go-to-market sales strategy focused on 3 key areas:

• Innovative, Connected & Emerging technologies (ICE)

• Strategic engagements

• Core partnerships

• 60+ customers

• 120+ CTG specific design engineers

• 65 factories utilized around the world

• Innovative manufacturing & technology investments for co-invention, including PIC,

mass customization capabilities and cutting edge mechanical capacity

• Flextronics has #1 position and most capabilities and expertise in Brazil

• Lab IX initiative helps engage disruptive customers

• Google Chromecast TIME’s #1 product in 2013

• Leader in Wearables Technology, significant growth with 30+ customers

• Over 75% of market share in fitness wearable bands in 2013

• Leader in Smart Home Devices, fastest growing category within ICE

23

CTG Pyramid

Core

Partnerships

Strategic

Engagements

Innovative,

Connected &

Emerging

Technologies

24

CTG: Growth Potential & Better Margin Profile

Moderate

Stable

AggressiveHigh

growth

2+%

3-4%

5+%

Core Partnerships

Strategic Engagements

Innovative, Connected & Emerging Tech.

Differentiated Strategy

26

The World is Changing…

Disasters

Regulations

Shortages

Competition

Logistics

Product lifecycleWage inflation

Regionalization

Supply chains are more complicated

27

Positioned to Drive Future Revenue Growth

Non-traditional business

Significant opportunities to grow

our market leading position

Strategic relationships

Partnered across leading

customers in varied industries

Innovation

Distinctly positioned as a

product innovation enabler

Partnering with

tomorrow’s disruptors

Powerful differentiation to

create future demand

28

Strategic Relationships

29 years

19 years

16 years

15 years

14 years

13 years

18 years

Intense

customer focus

builds trust and

long-standing

relationships

16 years

15 years

10 years

29

HRS Automotive: Flextronics Vehicle Electronics Solutions

Rear Compartment

• Center high mounted

stop light (CHMSL)

• Rear tail lamp PCBA

• LED Tail

lamp/controller

• Power deck lift gate

• Rear camera

• Fuel pump controller

Doors

• Door control module – windows,

mirrors, locks

• Power sliding door module

• “Smart” mirror electronics

Seats

• Power seat module

Front Lighting

• Front lamp PCBA

• Light control module

Engine & Powertrain

• Recuperation module

• DC/DC converter

• Electric Power steering controller

• High precision solenoid

• Wiring harness

• Battery cable

• Quasi diode/electronic relay

• Cooling fan controller

Instrument Panel

• Digital LCD gauge

• LED/RGB ambient lighting

Remote systems

• Remote start antenna

• Key fob & keyless entry

Overhead Systems

• Dome lamp

• Overhead console

• Sunroof controller

Infotainment & Connectivity

• Rear seat entertainment module

• Media interface module

• Sound & connect module

• Head unit

• Audio system

30

Medical Technology

Diabetes Blood glucose meters

Insulin delivery systems and tubing sets

Dialysis disposables and equipment

Cardiac Diagnostic catheters

Implantable heart monitoring systems

Cardiac rhythm monitoring

RespiratoryInhalers & Nebulizers

C-Pap

BrainNeuro-stimulation

Transdermal patch for migraines

OrthopedicsBlades and cutters

DiagnosticsBlood analyzers

Imaging

DermatologyWound management systems

Aesthetic care devices

MobilityHospital beds

Mobility systems

HearingCochlear implants

DentalHigh speed headpiece

PodiatricFoot ulcer system

Gel cushions

Hospital SuppliesIV pumps and tubing sets

Syringes

Blood collection devices

General Surgery Insufflation sets

Gastic bands

Surgical packs

31

Smart Watches

Smart Glasses

Notification Sensors

Smart Fabrics

Smart Fitness Wristbands

Super Fitness Watches

Fitness Shoe Sensors

Smart Socks

Flextronics Capabilities:• Micro-electronics encapsulation

(flex circuits)

• Sensor Integration

• Optics (image capture)

• Smart Watch Packaging (computing/mechanics)

• Bendable / Stretchable Electronics

• Waterproofing

• Customization / Personalization Tech.

Wearable Technology

A New Market for Flextronics

Sectors We Support:• Sport & Fitness

• Wellness

• Image Capture

• Lifestyle Computing

• Entertainment

• Apparel & Fashion

• Personal Data Management

32

Connected Home

Wearables /

Fitness Trackers

Energy Management /

Thermostats

Streaming

Video

and

IPTV

Smart

Home

Controllers

Streaming

Audio

Cloud

Analytics

Smart Sensors

and

Lighting Controls

33

Open Innovation Platform Strategy

Leverage validated technology building blocks and partner ecosystem

Sensors & Actuators

Open Innovation Platform

Lab IX/ Startups

InternalOEMs University Research Institutes

Government & Public

Innovation Services

ComputingBattery & Power

Mechanicals & Plastics

Smart Software

Human Machine Interface

Wireless & Connectivity

Value Engineering

Semiconductors Flexible Technologies

Aerospace & Defense

Automotive EnergyIndustrial Automation

Fitness & Medical

Consumer Electronics

Communications & Networking

Server & Storage

Technology Partners

Centers of Excellence

Markets & Products

34

INS Customers: IPOs

2012 2013 2014

IPO Date: April 2012

Product: Network

Control

IPO Date: July 2012

Product: Security Appliances

Flextronics Exclusive

IPO Date: May 2013

Product: Optical

Products & SDN

Flextronics Exclusive

IPO Date: Sept 2013

Product: Security Appliances

Flextronics Exclusive

IPO Date: Sept 2013

Product: SSD

Enterprise Storage

IPO Date: Dec 2013

Product: Converged Storage

Flextronics Exclusive

IPO Date: Nov 2012

Product: Wireless

Networking

IPO Date: Nov 2009

Product: Security Appliances

2010

IPO Date: June 2014

Product: SDN Solutions

(Gigabit Ethernet

Switches)

35

Automation

165+ projects in process

24 inventions disclosure in process

3 patent applications in process

1 granted patent application

150+ customers served

600+ projects in 4 years

36

Silicon Valley’s Customer Innovation CenterProduct Concept > Design & Engineering > Rapid Prototyping > Product Stabilization > Volume Production > Repair & Refurbish

Innovation Services that Enable Disruption

Manufacturing

• Scalable

Manufacturing

• Procurement &

Sourcing

New Product

Introduction

• Prototype to

Product Launch

• 3D Printing

(plastic)

Confidential

Center

• Private &

Secure

Manufacturing

Room

Advanced

Engineering &

Robotics Labs

• Value Engineering

Services

• Manufacturing

Technology

Innovation

Lab IX

• Startup

Accelerator

• Business

Scaling

Resources

Global Services

• Forward &

Reverse

Logistics

• Vendor Managed

Inventory

Interconnect

Technology Center

• Multek (PCBs,

Flexible & Rigid)

• Advanced Printed

Circuits

• Integrated Design

Capabilities

Innovation Labs &

Design Center

• Technology Innovation &

Engineering

• Design for ‘X’ Services

• 3D Printing (metal)

Failure Analysis

Labs & Mechanicals

• Materials

Characterization

• Sheet Metal

Manufacturing

System

Integration

• Configure to

Order

• Build to Order

WELCOME

CENTER

37

Elementum: Real-time Solutions Improve Decision Making

Mobile software for end-to-end supply chain management

The Problem

• Poor visibility into the state of operations

• Unclear which suppliers are at risk and when

• Don’t know which shipments are late until they don’t arrive

• It takes way too long to get commitment on new or changed orders from partners

The Solution

• Perspective: Real-time visibility

• Exposure: Risk management

• Transport: Shipment tracking & carrier management

• Fulfillment: Order collaboration

38

Elementum: Key Facts• Flextronics began incubating Elementum in 2012

• Elementum is a majority-owned subsidiary of Flextronics

• Flextronics owns a majority of the outstanding equity and controls the board of directors

• Consolidated financials with Flextronics

• Elementum has over $60M in total funding

• Outside investors:

• Lightspeed Venture Partners

• Dave Duffield (co-founder & co-CEO, Workday), Aaron Levie (co-founder & CEO, Box), Jerry Yang (co-

founder, Yahoo & founding partner, AME Cloud Ventures), Mike Frandsen (VP of products, Workday), Jim

Davidson (co-founder, Silver Lake Partners)

• Board of Directors:

• Mike McNamara (CEO, Flextronics), Nader Mikhail (founder & CEO, Elementum), Chris Schaepe (founder

& partner, Lightspeed Venture Partners), Jim Davidson (co-founder, Silver Lake Partners), Ray Bingham

(Chairman of the Board, Flextronics and former CEO, Cadence)

• Advisory Board:

• Dave Duffield (co-founder & co-CEO, Workday), David Dibble (former EVP, Service Engineering &

Operations, Yahoo), David Henke (former SVP, Engineering & Operations, LinkedIn), Aneel Bhusri (co-

founder, chairman and co-CEO, Workday)

39

Made in the USA by Flextronics

Flextronics provides customers with competitive US production capabilities based on our

unique ability to scale with speed and flexibility

Scale, Scope & Speed• Number 1 electronic manufacturer in North

America

• ~7M sq. ft. spread throughout 19 locations

• ~11K employees with over 140 self identified

veterans

• Manufacture around $3B worth of complex

electronics extending over 7K SKUs

• Over 10 major market segments serving over

190 unique clients

• Product Innovation Centers located in

Milpitas, CA and Austin, TX

• Proven expertise in ramping from NPI to full

production in 4 months

• Complete supply chain sourcing and

materials management

CommunicationsNetworking &

Optical

Aerospace &

Defense

Energy

Mobile/Consumer Medical

Automotive

Industrial

Cash Flow Generation &

Capital Structure

41

$715M

$855M

$622M

$463M$416M

$680M $701M

FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15E FY16E FY17E

Fundamentally Structured for Free Cash Flow Generation

$3 Billion Target

$3 - $4 Billion

Generating strong sustainable free cash flow to support our growth

42

Solid Capital Structure

$1,514

$1,500

$600 $494 $500 $500

Liquidity 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Debt Maturities ($M) (Calendar Year)

Term Loans

Cash

Revolver 4.625% Notes 5% Notes

Total

Liquidity

$3,014

Key characteristics:

No near-term

maturities

Low financing cost

of ~3% at current

LIBOR rates

Near record levels

of liquidityImproving credit

metrics

43

Strategic M&A Investments

Leading

microelectronics

supplier

Leading

automotive

supplier

Leading high

precision plastics

supplier

Target

capabilities

Strategic

customers

Longer

product

lifecycles

EPS

accretive

Barriers to

entry

Higher

margins

Apr

2012

Dec

2012

Nov

2013

2012 2014

Key Criteria:

44

Committed to returning over 50% of free cash flow to shareholders

Share Repurchase from FY11 to Q2 FY15

Last 4.5 years, we have repurchased …

~ 278 Million shares

~ $1.9 Billion in stock

… And reduced shares outstanding by ~34%

$400M

$510M

$322M

$475M

$207M

757684

639591 580

FY11 FY12 FY13 FY14 1HFY15

Shares Outstanding

65M

shares

repurchased

82M

shares

repurchased

52M

shares

repurchased

60M

shares

repurchased

20M

shares

repurchased

Latest Financial Update

Results for Q2 FY2015 Earnings Announcement: October 29, 2014

46

Q2 FY2015 Highlights and Key Trends

• Sales near the high-end of the guidance range with 3 of 4

business groups performing better than expectations

• HRS + IEI exceeded 30% of sales

• Won the 2014 Supply Chain Innovation Award

• Repurchased ~9.3M shares for $101M or ~2% of shares

outstanding

• 6 consecutive quarters of operating margin improvement

• $183M operating profit exceeded the midpoint of the

guidance range

Steady Execution

Continued Profit

Improvements

Consistent Return of

Value to Shareholders

47

Trended Quarterly Income Statement Highlights

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

6,410 7,183

6,724 6,643 6,529

5.8% 5.6% 5.8% 5.8% 5.8%

Sep-13 Dec-13 Mar-14 Jun-14 Sep-14

Adj. Gross Margin

Return on Invested Capital(ROIC %)

Adjusted Operating Income ($ in millions)

17.5%19.5%

22.1% 22.8% 23.3%

Sep-13 Dec-13 Mar-14 Jun-14 Sep-14

159

187 182 183 183

2.5%2.6%

2.7% 2.8% 2.8%

Sep-13 Dec-13 Mar-14 Jun-14 Sep-14

% Revenue

Adjusted SG&A($ in millions)

212213

205

199196

Sep-13 Dec-13 Mar-14 Jun-14 Sep-14

Revenue & Adjusted Gross Margin($ in millions)

48

Revenue by Business Group

Sep-14 Dec-14E

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

Integrated Network Solutions $2,409 -4% -7% Stable

Consumer Technology Group 2,142 -1% 2% Up low single digits

Industrial & Emerging Industries 1,103 -3% 17% Stable

High Reliability Solutions 875 3% 11% Stable

Total Revenue $6,529 -2% 2%

($ in millions) Sep-13 Dec-13 Mar-14 Jun-14 Sep-14

Business Group $ % Total $ % Total $ % Total $ % Total $ % Total

Integrated Network Solutions $2,588 40% $2,598 36% $2,418 36% $2,503 38% $2,409 37%

Consumer Technology Group 2,097 33% 2,829 39% 2,436 36% 2,160 32% 2,142 33%

Industrial & Emerging Industries 940 15% 933 13% 1,027 15% 1,134 17% 1,103 17%

High Reliability Solutions 785 12% 823 12% 843 13% 846 13% 875 13%

Total Revenue $6,410 $7,183 $6,724 $6,643 $6,529

49

We expect limited financial impact

Motorola Update

• Google hardware ecosystem

• Regionalization and customization

• Strategic customer relationship

• Low cost investment ~$75M

Original Value Proposition

• Expanded capabilities

• Increased regionalization

• Vertical integration

• Google programs & innovation

• Expanding business opportunities

Strategic Value Created• Strong Lenovo relationship

• No negative financial impact from Dallas

shutdown

• Possible financial impact remains

UNCHANGED:

• Cash flow generation of ~$100M - $150M

• Redeploy assets of ~$50M+

• Negative EPS impact of ~$0.02 - $0.03

• Limited restructuring impact

Future Direction

50

611

665

FY 2013 FY 2014

$0.84

$0.89

FY 2013 FY 2014

23,569

26,109

FY 2013 FY 2014

1,387

1,505

FY 2013 FY 2014

FY 2014 Income Statement Highlights

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

Adjusted Gross Profit($ in millions)

Revenue($ in millions)

Adjusted Earnings Per Share (EPS)

Adjusted Operating Income ($ in millions)

+11% +9%

+9% +6%

* Reflects a $0.11 EPS benefit due to the $74M gain from Workday warrants

*

51

FY 2014 Summary: Financial Principles Remain Intact

11% Year-over-

year growth

* Excluding the $0.11 EPS benefit in FY13 due to $74M gain from Workday warrants

Operating profit

increased by

$54M

Adjusted EPS

jumped up 22%*

Generated

$1.2B of

operating cash

flow & $701M of

free cash flow

Refinanced debt

resulting in no

near-term

maturities

Revenue

Growth

Operating

Profit

Expansion

EPS

Accretion

Cash Flow

Generation

Capital

Structure

Strength

($ M) ($ M) ($ M)EPS

52

High-Level Summary Overview: FY13 – FY15

FY14: Investment

• Heavy investment in

capability, new programs and

revenue growth

• Start-up costs significant all

year, but rapidly evaporating

• Strong FCF and earnings

progress

FY15: Stability

• Focus on operating efficiency

• Continuous operating profit

and margin expansion

• Continued strong FCF and

shareholder return

FY13: Platform

• Real-time information

• End-to-end services

• Physical infrastructure

Thank You

For more information:

investors.flextronics.com