1Design. Build. Ship. Service.

Design. Build. Ship. Service.

Design. Build. Ship. Service.

Michael ClarkePresident, Infrastructure Segment

Infrastructure Segment UpdateMay, 2010

2Design. Build. Ship. Service.

FlexInfrastructure

What I would like to cover with you today:

• Brief Business Overview - Capabilities, Locations, etc.

• Our Ecosystems, Customers and Key Highlights

• Financial and Market Update

• Strategy and Recap

3Design. Build. Ship. Service.

Business Overview

FY10 Infrastructure Revenue $7B ~ 32% EMS Market ShareFY10 Infrastructure Revenue $7B ~ 32% EMS Market Share

Largest Flextronics Segment Representing ~ 26% of RevenueLargest Flextronics Segment Representing ~ 26% of Revenue

Business Spans Five Major EcosystemsBusiness Spans Five Major Ecosystems

Over 50,000 Global ResourcesOver 50,000 Global Resources

Operating in 16 Major Manufacturing Sites Across Four RegionsOperating in 16 Major Manufacturing Sites Across Four Regions

6 Global Design and Test Centers with 450 Engineers6 Global Design and Test Centers with 450 Engineers

Demonstrating Vertical Integration LeadershipDemonstrating Vertical Integration Leadership

Design

Build

Ship

Service

4Design. Build. Ship. Service.

6

Celestica11%

Sanmina

9%

Flextronics32%

Foxconn21%

Jabil12% Other

15%

MaintainingMarket Leadership

Source: IDC Worldwide Electronics Manufacturing EMS Industry Forecast 2010

We run the largest, most complex and sophisticated infrastructure business in the world

Business Overview - Positioning

Vertical Integration SolutionsMulti-layer PCBsLCD Display Touch Display

LogisticsDistribution and HubbingRepair and Recycle

Enclosures & MetalsPlasticsMachining

•Power Suppliesand Adaptors32

Leader in Complex Manufacturing,

Build to Order and Configure to Order

1

• System design and architecture• Mechanical design• Prototyping and NPI• Product testing and validation• System integration and test• Product industrialization• Sustaining engineering

Design and Engineering One Stop Shop

5

Great relationships with industry leaders

4

Increasingly Diversified Customer Base

5Design. Build. Ship. Service.

Business Overview - Locations

Guadalajara, Mexico

Shanghai (Malu), China

Tczew, Poland

Austin, TX

Timisoara, Romania

Shenzhen, China

Penang, Malaysia

Milpitas, CA

Chennai, India

Suzhou, China

Zhuhai, China

Zala, Hungary

Brazil

Israel

Ukraine

Karlskrona, Sweden

Ottawa, Canada

Atlanta, GeorgiaColumbia, SC

We have the most comprehensive system house and manufacturing footprint in the industry

Design & Test

Manufacturing

SI / CTO-BTO

Taipei, Taiwan

16 Major Manufacturing Sites and 6 Design and Test Centers

6Design. Build. Ship. Service.

It’s not what we say - It’s what our Customers say

* Does not include all customer awards received in 2009

Excellent Core Partner (Gold Award)

2010 Best-In-Class Partner and2010 Strategic Partner of the Year

Award for New product family launch

EMS Partner Operational Excellence Award and B2B Collaboration Award

Recognition for Production, Quality and availability of their WLAN product line

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Our Ecosystems

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Business Spans Five Major Ecosystems

Data Network

Routers, Switches,

Multi-Service Switches,

Appliances

Cisco - Juniper

Wireless Network

GSM, UMTS, WCDMA,LTE

3G, 4G

E/// - Huawei

Enterprise and Terminal

Wireless LAN, PBX,

Standard and VoIP

Terminals

ALU - Avaya

Optical Network

Metro & Long-Haul Networks,

Cross Connects

Tellabs - Ciena

Access Network and

Home Devices

Modems, Femtocells,

WiFi/Routers, Home Media

Servers

Calix - Arris

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Data Network - Key Highlights

• 20+ years of data networking design and manufacturing expertise

• Building next generation enterprise routers and switches most of the top OEMs

• Winning new accounts and penetrating the enterprise network appliance market

Data Network

Routers, Switches,

Multi-Service Switches,

Appliances

10Design. Build. Ship. Service.

Wireless Network - Key Highlights

• 20+ years of wireless networking design and manufacturing expertise

• World class manufacturer of fully integrated, tested Wireless base stations

• Major supplier supporting wireless rollouts worldwide including China, Brazil and India

Wireless Network

GSM, UMTS, WCDMA,LTE

3G, 4G

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Enterprise and Terminal - Key Highlights

• 15+ years experience in enterprise PBX designand manufacture

• Shipped more than 7 million VoIP phones since 2006

• Design and manufacture VoIP terminals for four of the top five OEMs

Enterprise and Terminal

Wireless LAN, PBX.

Standard and VoIP

Terminals

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• Major EMS partner to four of the top five Optical OEMs from GPON to 40G

• Scope of services from component assembly to full system Integration and test

• Global footprint with manufacturing services inthe US, Mexico, China, Romania and India

Optical Networks - Key Highlights

Optical Networks

Metro & Long-Haul Networks,

Cross Connects

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Access Network and Home Devices - Key Highlights

• More then 500K DSL modems shipped monthly• Over 1 million access points shipped to date• Provide design and manufacturing services to

the top 5 set-top box OEMs

Access Network and

Home Devices

Modems, Femtocells,

WiFi/Routers, Home Media

Servers

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All that being said - What are our Key Differentiators?

Largest global system house capability in the infra industry

Scalable manufacturing with global product launch and transfer

Supply chain management with global material leverage

Vertically integrated end-to-end solutions

Great customer relationships

Extensive design expertise

15Design. Build. Ship. Service.

Financial and Market Update

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Improved asset utilization & strong cash generation

• Inventory turns improve 21%; NWC down 30%

• ROIC doubled in FY’10• Operating cash flow significantly in excess of earnings

Excellent Financial Performance - FY’10 over FY’09

Operating margins improved 22%

• Restructured capacity and pruned unprofitable accounts

• Embraced lean andcontinue to drive world class operational performance

Recovering revenues from Sep’09 low point

• Major wins from new and existing accounts

• Maintained the Nortel revenue with the successors

• Revenues up 7.3% in last two quarters

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N

$28.7

($ In Billions)

$26.9$29.1

$22.1$23.2 $24.9

2008 2009 2010E 2011E 20112E 2013E

$30B

$25B

$20B

$15B

$10B

$0

Source: IDC Worldwide Electronics Manufacturing EMS Industry Forecast 2010

Our Market Size and Growth Rates

2009-2014 CAGR 7.3%

The Infrastructure Market

Flex32%

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With continuing strong financial performance

• Operating margins and ROIC to remain world class

• Continue at above corporate margins

• Maintain improvements in ITO and asset utilization

• Remain a strong cash generator for Flextronics

Strong Outlook for FY’11 and Beyond

Focusing on profitable growth

• $4.1B of new wins since start of FY’10

• 12 new customer wins in FY’10• Strong Pipeline of $4.6B with new and existing customers

• Expect consistent sequential growth with double digit annual growth

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Strategy and Recap

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Strategy to Compete and Win

Following technology trends, aligning our design and manufacturing capabilities with the technology leaders1

Adding complementary adjacencies and vertical integration to increase service solutions offerings

Green InitiativesGreen Initiatives

2

Implementing our emerging markets strategy - New Asian customers with increased regional manufacturing3

Developing or acquiring products and services to increase revenues, stickiness and offerings4

Creating competitive differentiators to increase market share5

Enhancing and implementing customer wellness programs to improve overall customer experience6

Smart Grid Cloud Computing Connected HomeUnified Communications

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Summary

Leading Solutions Provider in the Infrastructure Ecosystem1

Consistently Strong Financial Performance with Forecasted Double Digit Growth

4

2 EMS Market Leader with 32% Market Share

3 Top Tier Diversified Customer Base

5 Most Comprehensive Design-Build-Ship-Service Capabilities in the World

22Design. Build. Ship. Service.

Thank You