fy21 earnings & investor briefing
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FY21 Earnings & Investor BriefingSeptember 29, 2021
EVERYTHING BETTER FOR OVER 400
OF THE WORLD’S MOST RECOGNIZABLE
BRANDS. OUR AGILITY AND GLOBAL
SCALE ENABLE US TO RESPOND RAPIDLY
AND FLEXIBLY TO CUSTOMER NEEDS.
OUR FY21 FINANCIAL HIGHLIGHTS:
HEALTHCARE & PACKAGING
*Core operating margin = Core operating income divided by revenue 1 See U.S. GAAP to non-GAAP reconciliation in appendix.
Intentional Diversified Growth
11% CAGR
EXPAND OPERATING MARGINS
Financial Update
FY21 Results
Business Update
Our People
Our Culture
Factory Innovation
Forward Looking Statements: This presentation contains forward-looking statements, including those regarding our anticipated financial results for the fourth quarter and
full fiscal year 2021; our guidance for future financial performance in our first quarter of fiscal year 2022 (including, net revenue, segment revenue, U.S. GAAP operating
income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP), net interest expense, and core tax rate and
the components of each); our guidance for future financial performance in full fiscal year 2022 (including, gross profit margin, net capex, growth investment capex,
maintenance investment capex, net revenue, core operating income, core operating margin, core diluted earnings per share (Non-GAAP), free cash flow, adjusted free cash
flow, core EBITDA, core return on invested capital, and the components and drivers of each); and our outlook for secular trends, the future components of our capital
structure and allocation, segment revenue and core operating margin and end market revenue. They also include our expectations for greenhouse gas reduction. The
statements in this presentation are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results
to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for the fourth quarter and
full fiscal year 2021 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; the scope and duration of the COVID-19
outbreak and its impact on our operations, sites, customers and supply chain; managing growth effectively; our dependence on a limited number of customers; competitive
challenges affecting our customers; managing rapid declines or increases in customer demand and other related customer challenges that may occur; risks arising from
relationships with emerging companies; changes in technology; our ability to introduce new business models or programs requiring implementation of new competencies;
competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; our ability to purchase
components efficiently and reliance on a limited number of suppliers for critical components; risks associated with international sales and operations; our ability to achieve
expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks
(including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; and intellectual property risk);
financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency
fluctuations; energy prices; and asset impairment); changes in financial accounting standards or policies; and risk of natural disaster, climate change or other global events.
Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2020 and our other filings with the
Securities and Exchange Commission. We assume no obligation to update these forward-looking statements.
2021 FOURTH QUARTER EARNINGS
EXPAND OPERATING MARGINS
and Healthcare
1.44$
Fourth Quarter & FY21
THREE MONTHS ENDED
U.S. GAAP operating income $265 $197 $1,055 $500
U.S. GAAP net income $175 $68 $696 $54
U.S. GAAP diluted earnings per share $1.16 $0.44 $4.58 $0.35
Core operating income (non-GAAP)1 $314 $255 $1,241 $864
Core earnings (non-GAAP)1 $216 $151 $853 $450
Core diluted earnings per share (non-GAAP)1 $1.44 $0.98 $5.61 $2.90
(In millions, except for per share data)
Fourth Quarter FY21
ELECTRONICS MANUFACTURING SERVICES (EMS)
TOTAL COMPANY
Net Revenue Increase of 1.5%
Core margin* (non-GAAP) of 4.2%
* Core margin defined as core operating income divided by net revenue
15
Healthcare & Packaging $4.2 $4.5 Industrial & Semi-Cap $3.5 $3.4
Connected Devices $4.0 $4.5 5G Wireless & Cloud $5.5 $5.3
Mobility $3.3 $4.2 Networking & Storage $2.8 $2.8
Total Revenue $13.2 $15.4 Total Revenue $14.1 $13.9
Core Operating Margin* 3.7% 4.8% Core Operating Margin* 2.7% 3.7%
Our Portfolio
$ in billions $ in billions
* Core margin defined as core operating income divided by net revenue
Numbers may not foot due to rounding.
See U.S. GAAP to non-GAAP reconciliation in appendix.
Net Capex
FY21
16 See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
FY21 Net Capex ($ millions)
plant and equipment $366
Net capex1 as a % of net revenue
3.1% 2.9% 2.7%
1 See U.S. GAAP to non-GAAP reconciliation in appendix and U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/
Strong Cash Flow &
CUMULATIVE SHAREHOLDER RETURN
(In millions)
FY18 FY19 FY20 FY21
1 See U.S. GAAP to non-GAAP reconciliation in appendix and U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/
HEALTHCARE Rising Costs, Aging Population,
Connectivity, Digitization
PACKAGING Sustainability, Eco-friendly &
Security
ELECTRIFICATION Increasing electrification of the powertrain
from mild HEV’s to full HEV’s, PHEV’s and EV’s,
charging infrastructureEA ADAS / AUTONOMOUS Short-term: emergency braking, lane
departure, etc.
Long-term: hands, eyes & brain-off driving C CONNECTIVITY Remote diagnostics, over the air updates,
V2X, V2I, V2V, self parking, etc.
Charging Cable
Charging Station
Battery Monitoring
Park Assist
FY22 Y/Y Growth*
Auto & Transportation $1.7 $2.2 41% Digital Print & Retail $2.3 $2.3 13%
Healthcare & Packaging $4.2 $4.5 11% Industrial & Semi-Cap $3.5 $3.4 9%
Connected Devices $4.0 $4.5 2% 5G Wireless & Cloud $5.5 $5.3 8%
Mobility $3.3 $4.2 0% Networking & Storage $2.8 $2.8 (7%)
Total Revenue $13.2 $15.4 $16.9 Total Revenue $14.1 $13.9 $14.6
Core Operating Margin* 3.7% 4.8% 5.0% Core Operating Margin*
2.7% 3.7% 3.8%
Revenue by End-Markets
Continued Mix Shift in Targeted Areas
* Core margin defined as core operating income divided by net revenue Numbers may not foot due to rounding.
$ in billions $ in billions
Driving Margin Expansion
Gross Profit Margin Core Operating Margin
*
26See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
FY22E Net Capex ($ millions)
Net Capex ($ millions)
Solid Liquidity Profile
27See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
$1.6 $1.6
$2.1 $2.3
markets
returns
See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
29
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Sr. Note & Private Placements Securitization Revolver capacity Fully committed to maintaining
investment grade profile
of August 31, 2021
FINANCIAL STRENGTH
Note: Years reflect calendar year. All other slides reflect fiscal years (September to August). 1 Undrawn capacity as of August 31, 2021. 2 A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. Each credit rating should be evaluated independently of any other credit rating.
1
2
Continue optimize capital structure
Cash flow from operations
Diversified Manufacturing Services $4.2B $4.7B Increase 10%
Electronics Manufacturing Services $3.6B $3.6B 0%
Consolidated Guidance Q1 FY22E
Net revenue $8.0B - $8.6B
U.S. GAAP diluted earnings per share $1.41 - $1.61
Core operating income (non-GAAP)1 $365M - $425M
Net interest expense2 $38M
Core diluted earnings per share (non-GAAP)1 $1.70 - $1.90
1 See U.S. GAAP to non-GAAP reconciliation on Form-8K filed on September 29, 2021. 2 Net interest expense = interest expense + loss on sale of AR - interest income 3 Core tax rate excludes the tax impacts related to amortization of intangibles, stock-based compensation expense and related charges.
$768 $877 $864
Our Outlook
(In millions)
CORE OP INCOME & CORE OP MARGIN CORE EPS (In millions)
ADJ. FREE CASH FLOW
See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
$7004.5%
$2.62 $2.98 $2.90
Our FY22 Outlook
BILLION
$31.5
4.5%
MANAGEMENT’S OUTLOOK FOR FY22
We have a Vision
To be the most Technologically Advanced and Trusted manufacturing solutions provider.
34
OUR PEOPLE A Team which promotes an Inclusive Environment
Jabil
We’re Actioning
OUR INNOVATIVE SOLUTIONS
OUR PEOPLE & COMMUNITIES
OUR OPERATIONS & RESOURCES
GENDER
EQUALITY5
3
for conserving water
Employee well-being
Seek more circular
Community service, human rights, and diversity, equity, and inclusion.
Our Approach
EXECUTION
Operations
IT
Supply
Chain
OBSESSION
COLLABORATION
DIVERSIFIED MANUFACTURING ELECTRONICS MANUFACTURING
FY20 FY21 FY22 FY20 FY21 FY22
Auto & Transportation $1.7 $2.2 $3.1 Digital Print & Retail $2.3 $2.3 $2.6
Healthcare & Packaging $4.2 $4.5 $5.0 Industrial & Semi-Cap $3.5 $3.4 $3.7
Connected Devices $4.0 $4.5 $4.6 5G Wireless & Cloud $5.5 $5.3 $5.7
Mobility $3.3 $4.2 $4.2 Networking & Storage $2.8 $2.8 $2.6
Total Revenue $13.2 $15.4 $16.9 Total Revenue $14.1 $13.9 $14.6
Core Operating Margin* 3.7% 4.8% 5.0% Core Operating Margin* 2.7% 3.7% 3.8%
Our Portfolio
Intentionally Diversified and Evermore Resilient
* Core margin defined as core operating income divided by net revenue
$ in billions $ in billions
4.5%
MANAGEMENT’S OUTLOOK FOR FY22
Our Outlook
See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
$768 $877 $864
$2.62 $2.98 $2.90
CORE EPS
$22.1 $25.3
$27.3 $29.3
(In billions)
CAGR
Enables our path forward, as we care for each other, treat one another with complete respect, give back to those in need and respect the environment.
44
• A well Diversified Portfolio with solid exposure to Secular Trends
• Proven ability to Execute fueled by operational investments
• Innovative solutions put forth as we obsess about our Customers
• Unique combination of Approach, Structure, Scale and Experience
• The commitment and continuation of Capital returns to Shareholders
Thank you for being your True Self
OUR PEOPLE A Team which promotes an Inclusive Environment
47
The business is extremely well-diversified
Demand for innovative global manufacturing partners with robust supply chain capabilities has
never been stronger
Management is focused on achieving industry-leading Core Margins and Adjusted Free Cash
Flow, at scale
MARK MONDELLO CHIEF EXECUTIVE OFFICER
MIKE DASTOOR CHIEF FINANCIAL OFFICER
ADAM BERRY VP, INVESTOR RELATIONS
APPENDIX
49
50
August 31, 2021 August 31, 2020 August 31, 2021 August 31, 2020 Operating income (U.S. GAAP) 265$ 197$ 1,055$ 500$ Amortization of intangibles 12 13 47 56 Stock-based compensation expense and related charges 26 21 102 83 Restructuring, severance and related charges 4 12 10 157 Distressed customer charge - - - 15 Net periodic benefit cost 7 9 24 16 Business interruption and impairment charges, net - 1 (1) 6 Acquisition and integration charges - 2 4 31 Adjustments to operating income 49 58 186 364 Core operating income (Non-GAAP) 314$ 255$ 1,241$ 864$ - - #REF! #REF!
Core operating income (Non-GAAP) 314$ 255$ 1,241$ 864$ Depreciation expense 219 181 828 739 Core EBITDA (Non-GAAP) 533$ 436$ 2,069$ 1,603$
Net income attributable to the Company (U.S. GAAP) 175$ 68$ 696$ 54$ Adjustments to operating income 49 58 186 364 Loss (gain) on securities - 36 (2) 49 Net periodic benefit cost (7) (9) (24) (16) Adjustment for taxes (1) (2) (3) (1)
216$ 151$ 853$ 450$ - -
Diluted earnings per share (U.S. GAAP) 1.16$ 0.44$ 4.58$ 0.35$ -$ -$ 0 0 Diluted core earnings per share (Non-GAAP) 1.44$ 0.98$ 5.61$ 2.90$
Diluted weighted average shares outstanding (U.S. GAAP & Non-GAAP) (in
thousands) 150,124 154,453 152,051 155,274
JABIL INC. AND SUBSIDIARIES OPERATING INCOME, EBITDA and NET INCOME NON-GAAP RECONCILIATION
(In millions, except for per share data) (Unaudited)
Three months ended Fiscal year ended
Core earnings (Non-GAAP)
EVERYTHING BETTER FOR OVER 400
OF THE WORLD’S MOST RECOGNIZABLE
BRANDS. OUR AGILITY AND GLOBAL
SCALE ENABLE US TO RESPOND RAPIDLY
AND FLEXIBLY TO CUSTOMER NEEDS.
OUR FY21 FINANCIAL HIGHLIGHTS:
HEALTHCARE & PACKAGING
*Core operating margin = Core operating income divided by revenue 1 See U.S. GAAP to non-GAAP reconciliation in appendix.
Intentional Diversified Growth
11% CAGR
EXPAND OPERATING MARGINS
Financial Update
FY21 Results
Business Update
Our People
Our Culture
Factory Innovation
Forward Looking Statements: This presentation contains forward-looking statements, including those regarding our anticipated financial results for the fourth quarter and
full fiscal year 2021; our guidance for future financial performance in our first quarter of fiscal year 2022 (including, net revenue, segment revenue, U.S. GAAP operating
income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP), net interest expense, and core tax rate and
the components of each); our guidance for future financial performance in full fiscal year 2022 (including, gross profit margin, net capex, growth investment capex,
maintenance investment capex, net revenue, core operating income, core operating margin, core diluted earnings per share (Non-GAAP), free cash flow, adjusted free cash
flow, core EBITDA, core return on invested capital, and the components and drivers of each); and our outlook for secular trends, the future components of our capital
structure and allocation, segment revenue and core operating margin and end market revenue. They also include our expectations for greenhouse gas reduction. The
statements in this presentation are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results
to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for the fourth quarter and
full fiscal year 2021 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; the scope and duration of the COVID-19
outbreak and its impact on our operations, sites, customers and supply chain; managing growth effectively; our dependence on a limited number of customers; competitive
challenges affecting our customers; managing rapid declines or increases in customer demand and other related customer challenges that may occur; risks arising from
relationships with emerging companies; changes in technology; our ability to introduce new business models or programs requiring implementation of new competencies;
competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; our ability to purchase
components efficiently and reliance on a limited number of suppliers for critical components; risks associated with international sales and operations; our ability to achieve
expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks
(including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; and intellectual property risk);
financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency
fluctuations; energy prices; and asset impairment); changes in financial accounting standards or policies; and risk of natural disaster, climate change or other global events.
Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2020 and our other filings with the
Securities and Exchange Commission. We assume no obligation to update these forward-looking statements.
2021 FOURTH QUARTER EARNINGS
EXPAND OPERATING MARGINS
and Healthcare
1.44$
Fourth Quarter & FY21
THREE MONTHS ENDED
U.S. GAAP operating income $265 $197 $1,055 $500
U.S. GAAP net income $175 $68 $696 $54
U.S. GAAP diluted earnings per share $1.16 $0.44 $4.58 $0.35
Core operating income (non-GAAP)1 $314 $255 $1,241 $864
Core earnings (non-GAAP)1 $216 $151 $853 $450
Core diluted earnings per share (non-GAAP)1 $1.44 $0.98 $5.61 $2.90
(In millions, except for per share data)
Fourth Quarter FY21
ELECTRONICS MANUFACTURING SERVICES (EMS)
TOTAL COMPANY
Net Revenue Increase of 1.5%
Core margin* (non-GAAP) of 4.2%
* Core margin defined as core operating income divided by net revenue
15
Healthcare & Packaging $4.2 $4.5 Industrial & Semi-Cap $3.5 $3.4
Connected Devices $4.0 $4.5 5G Wireless & Cloud $5.5 $5.3
Mobility $3.3 $4.2 Networking & Storage $2.8 $2.8
Total Revenue $13.2 $15.4 Total Revenue $14.1 $13.9
Core Operating Margin* 3.7% 4.8% Core Operating Margin* 2.7% 3.7%
Our Portfolio
$ in billions $ in billions
* Core margin defined as core operating income divided by net revenue
Numbers may not foot due to rounding.
See U.S. GAAP to non-GAAP reconciliation in appendix.
Net Capex
FY21
16 See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
FY21 Net Capex ($ millions)
plant and equipment $366
Net capex1 as a % of net revenue
3.1% 2.9% 2.7%
1 See U.S. GAAP to non-GAAP reconciliation in appendix and U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/
Strong Cash Flow &
CUMULATIVE SHAREHOLDER RETURN
(In millions)
FY18 FY19 FY20 FY21
1 See U.S. GAAP to non-GAAP reconciliation in appendix and U.S. GAAP to non-GAAP definitions located at https://investors.jabil.com/
HEALTHCARE Rising Costs, Aging Population,
Connectivity, Digitization
PACKAGING Sustainability, Eco-friendly &
Security
ELECTRIFICATION Increasing electrification of the powertrain
from mild HEV’s to full HEV’s, PHEV’s and EV’s,
charging infrastructureEA ADAS / AUTONOMOUS Short-term: emergency braking, lane
departure, etc.
Long-term: hands, eyes & brain-off driving C CONNECTIVITY Remote diagnostics, over the air updates,
V2X, V2I, V2V, self parking, etc.
Charging Cable
Charging Station
Battery Monitoring
Park Assist
FY22 Y/Y Growth*
Auto & Transportation $1.7 $2.2 41% Digital Print & Retail $2.3 $2.3 13%
Healthcare & Packaging $4.2 $4.5 11% Industrial & Semi-Cap $3.5 $3.4 9%
Connected Devices $4.0 $4.5 2% 5G Wireless & Cloud $5.5 $5.3 8%
Mobility $3.3 $4.2 0% Networking & Storage $2.8 $2.8 (7%)
Total Revenue $13.2 $15.4 $16.9 Total Revenue $14.1 $13.9 $14.6
Core Operating Margin* 3.7% 4.8% 5.0% Core Operating Margin*
2.7% 3.7% 3.8%
Revenue by End-Markets
Continued Mix Shift in Targeted Areas
* Core margin defined as core operating income divided by net revenue Numbers may not foot due to rounding.
$ in billions $ in billions
Driving Margin Expansion
Gross Profit Margin Core Operating Margin
*
26See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
FY22E Net Capex ($ millions)
Net Capex ($ millions)
Solid Liquidity Profile
27See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
$1.6 $1.6
$2.1 $2.3
markets
returns
See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
29
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Sr. Note & Private Placements Securitization Revolver capacity Fully committed to maintaining
investment grade profile
of August 31, 2021
FINANCIAL STRENGTH
Note: Years reflect calendar year. All other slides reflect fiscal years (September to August). 1 Undrawn capacity as of August 31, 2021. 2 A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. Each credit rating should be evaluated independently of any other credit rating.
1
2
Continue optimize capital structure
Cash flow from operations
Diversified Manufacturing Services $4.2B $4.7B Increase 10%
Electronics Manufacturing Services $3.6B $3.6B 0%
Consolidated Guidance Q1 FY22E
Net revenue $8.0B - $8.6B
U.S. GAAP diluted earnings per share $1.41 - $1.61
Core operating income (non-GAAP)1 $365M - $425M
Net interest expense2 $38M
Core diluted earnings per share (non-GAAP)1 $1.70 - $1.90
1 See U.S. GAAP to non-GAAP reconciliation on Form-8K filed on September 29, 2021. 2 Net interest expense = interest expense + loss on sale of AR - interest income 3 Core tax rate excludes the tax impacts related to amortization of intangibles, stock-based compensation expense and related charges.
$768 $877 $864
Our Outlook
(In millions)
CORE OP INCOME & CORE OP MARGIN CORE EPS (In millions)
ADJ. FREE CASH FLOW
See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
$7004.5%
$2.62 $2.98 $2.90
Our FY22 Outlook
BILLION
$31.5
4.5%
MANAGEMENT’S OUTLOOK FOR FY22
We have a Vision
To be the most Technologically Advanced and Trusted manufacturing solutions provider.
34
OUR PEOPLE A Team which promotes an Inclusive Environment
Jabil
We’re Actioning
OUR INNOVATIVE SOLUTIONS
OUR PEOPLE & COMMUNITIES
OUR OPERATIONS & RESOURCES
GENDER
EQUALITY5
3
for conserving water
Employee well-being
Seek more circular
Community service, human rights, and diversity, equity, and inclusion.
Our Approach
EXECUTION
Operations
IT
Supply
Chain
OBSESSION
COLLABORATION
DIVERSIFIED MANUFACTURING ELECTRONICS MANUFACTURING
FY20 FY21 FY22 FY20 FY21 FY22
Auto & Transportation $1.7 $2.2 $3.1 Digital Print & Retail $2.3 $2.3 $2.6
Healthcare & Packaging $4.2 $4.5 $5.0 Industrial & Semi-Cap $3.5 $3.4 $3.7
Connected Devices $4.0 $4.5 $4.6 5G Wireless & Cloud $5.5 $5.3 $5.7
Mobility $3.3 $4.2 $4.2 Networking & Storage $2.8 $2.8 $2.6
Total Revenue $13.2 $15.4 $16.9 Total Revenue $14.1 $13.9 $14.6
Core Operating Margin* 3.7% 4.8% 5.0% Core Operating Margin* 2.7% 3.7% 3.8%
Our Portfolio
Intentionally Diversified and Evermore Resilient
* Core margin defined as core operating income divided by net revenue
$ in billions $ in billions
4.5%
MANAGEMENT’S OUTLOOK FOR FY22
Our Outlook
See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/
$768 $877 $864
$2.62 $2.98 $2.90
CORE EPS
$22.1 $25.3
$27.3 $29.3
(In billions)
CAGR
Enables our path forward, as we care for each other, treat one another with complete respect, give back to those in need and respect the environment.
44
• A well Diversified Portfolio with solid exposure to Secular Trends
• Proven ability to Execute fueled by operational investments
• Innovative solutions put forth as we obsess about our Customers
• Unique combination of Approach, Structure, Scale and Experience
• The commitment and continuation of Capital returns to Shareholders
Thank you for being your True Self
OUR PEOPLE A Team which promotes an Inclusive Environment
47
The business is extremely well-diversified
Demand for innovative global manufacturing partners with robust supply chain capabilities has
never been stronger
Management is focused on achieving industry-leading Core Margins and Adjusted Free Cash
Flow, at scale
MARK MONDELLO CHIEF EXECUTIVE OFFICER
MIKE DASTOOR CHIEF FINANCIAL OFFICER
ADAM BERRY VP, INVESTOR RELATIONS
APPENDIX
49
50
August 31, 2021 August 31, 2020 August 31, 2021 August 31, 2020 Operating income (U.S. GAAP) 265$ 197$ 1,055$ 500$ Amortization of intangibles 12 13 47 56 Stock-based compensation expense and related charges 26 21 102 83 Restructuring, severance and related charges 4 12 10 157 Distressed customer charge - - - 15 Net periodic benefit cost 7 9 24 16 Business interruption and impairment charges, net - 1 (1) 6 Acquisition and integration charges - 2 4 31 Adjustments to operating income 49 58 186 364 Core operating income (Non-GAAP) 314$ 255$ 1,241$ 864$ - - #REF! #REF!
Core operating income (Non-GAAP) 314$ 255$ 1,241$ 864$ Depreciation expense 219 181 828 739 Core EBITDA (Non-GAAP) 533$ 436$ 2,069$ 1,603$
Net income attributable to the Company (U.S. GAAP) 175$ 68$ 696$ 54$ Adjustments to operating income 49 58 186 364 Loss (gain) on securities - 36 (2) 49 Net periodic benefit cost (7) (9) (24) (16) Adjustment for taxes (1) (2) (3) (1)
216$ 151$ 853$ 450$ - -
Diluted earnings per share (U.S. GAAP) 1.16$ 0.44$ 4.58$ 0.35$ -$ -$ 0 0 Diluted core earnings per share (Non-GAAP) 1.44$ 0.98$ 5.61$ 2.90$
Diluted weighted average shares outstanding (U.S. GAAP & Non-GAAP) (in
thousands) 150,124 154,453 152,051 155,274
JABIL INC. AND SUBSIDIARIES OPERATING INCOME, EBITDA and NET INCOME NON-GAAP RECONCILIATION
(In millions, except for per share data) (Unaudited)
Three months ended Fiscal year ended
Core earnings (Non-GAAP)