securities and exchange commissiond18rn0p25nwr6d.cloudfront.net/cik-0001385157/9385b1ec-a0...item...

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

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

Date of Report (Date of earliest event reported): October 28, 2020

TE CONNECTIVITY LTD.(Exact name of registrant as specified in its charter)

Switzerland 98-0518048(Jurisdiction of Incorporation) (IRS Employer Identification Number)

001-33260(Commission File Number)

Mühlenstrasse 26, CH-8200 SchaffhausenSwitzerland

(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 followingprovisions (see General Instruction A.2. below):

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol Name of each exchange on which registeredCommon Shares, Par Value CHF 0.57 TEL New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On October 28, 2020, TE Connectivity Ltd. (the “Company”) issued a press release reporting the Company’s fourth quarter and full year results forfiscal 2020. 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 October 28, 2020 (see information in the press release attached hereto as Exhibit 99.1under “Conference Call and Webcast”). A copy of the slide materials to be discussed at the conference call and webcast is being furnished pursuant toRegulation FD as Exhibit 99.2 and is incorporated herein by reference, and the slide materials also can be accessed at the “Investors” section of theCompany’s website (www.te.com).

Item 9.01. Financial Statements and Exhibits

(d) Exhibits Exhibit No.

Description 99.1

Press release issued October 28, 2020 99.2

Presentation - TE Connectivity Q4 2020 Earnings Call (October 28, 2020)

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 theundersigned hereunto duly authorized.

Date: October 28, 2020 TE CONNECTIVITY LTD.

By: /s/ Heath A. Mitts Name: Heath A. Mitts

Title: Executive Vice President and Chief Financial Officer

TE CONNECTIVITY LTD.CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

For the Quarters Ended For the Year EndedSeptember 25, September 27, September 25, September 27,

2020 2019 2020 2019(in millions, except per share data)

Net sales $ 3,261 $ 3,300 $ 12,172 $ 13,448Cost of sales 2,292 2,248 8,437 9,054

Gross margin 969 1,052 3,735 4,394Selling, general, and administrative expenses 352 372 1,392 1,490Research, development, and engineering expenses 148 159 613 644Acquisition and integration costs 9 6 36 27Restructuring and other charges, net 113 71 257 255Impairment of goodwill - - 900 -

Operating income 347 444 537 1,978Interest income 2 6 15 19Interest expense (12) (13) (48) (68)Other income, net - - 20 2

Income from continuing operations before income taxes 337 437 524 1,931Income tax (expense) benefit (109) (61) (783) 15

Income (loss) from continuing operations 228 376 (259) 1,946Income (loss) from discontinued operations, net of income taxes 2 (4) 18 (102)

Net income (loss) $ 230 $ 372 $ (241) $ 1,844

Basic earnings (loss) per share:Income (loss) from continuing operations $ 0.69 $ 1.12 $ (0.78) $ 5.76Income (loss) from discontinued operations 0.01 (0.01) 0.05 (0.30)Net income (loss) 0.70 1.11 (0.73) 5.46

Diluted earnings (loss) per share:Income (loss) from continuing operations $ 0.69 $ 1.11 $ (0.78) $ 5.72Income (loss) from discontinued operations 0.01 (0.01) 0.05 (0.30)Net income (loss) 0.69 1.10 (0.73) 5.42

Weighted-average number of shares outstanding:Basic 330 336 332 338Diluted 332 338 332 340

TE CONNECTIVITY LTD.CONSOLIDATED BALANCE SHEETS (UNAUDITED)

September 25, September 27,2020 2019

(in millions, except share data)AssetsCurrent assets:

Cash and cash equivalents $ 945 $ 927Accounts receivable, net of allowance for doubtful accounts of $29 and $25, respectively 2,377 2,320Inventories 1,950 1,836Prepaid expenses and other current assets 512 471

Total current assets 5,784 5,554Property, plant, and equipment, net 3,650 3,574Goodwill 5,224 5,740Intangible assets, net 1,593 1,596Deferred income taxes 2,178 2,776Other assets 813 454

Total assets $ 19,242 $ 19,694

Liabilities, redeemable noncontrolling interests, and shareholders' equityCurrent liabilities:

Short-term debt $ 694 $ 570Accounts payable 1,276 1,357Accrued and other current liabilities 1,720 1,613

Total current liabilities 3,690 3,540Long-term debt 3,452 3,395Long-term pension and postretirement liabilities 1,336 1,367Deferred income taxes 143 156Income taxes 252 239Other liabilities 874 427

Total liabilities 9,747 9,124Commitments and contingenciesRedeemable noncontrolling interests 112 -Shareholders' equity:

Common shares, CHF 0.57 par value, 338,953,381 shares authorized and issued, and 350,951,381 shares authorized andissued, respectively 149 154Accumulated earnings 10,348 12,256Treasury shares, at cost, 8,295,878 and 15,862,337 shares, respectively (669) (1,337)Accumulated other comprehensive loss (445) (503)

Total shareholders' equity 9,383 10,570Total liabilities, redeemable noncontrolling interests, and shareholders' equity $ 19,242 $ 19,694

TE CONNECTIVITY LTD.CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)


2020 2019 2020 2019(in millions)

Cash flows from operating activities:Net income (loss) $ 230 $ 372 $ (241) $ 1,844

(Income) loss from discontinued operations, net of income taxes (2) 4 (18) 102Income (loss) from continuing operations 228 376 (259) 1,946Adjustments to reconcile income (loss) from continuing operations to net cash provided by operatingactivities:

Impairment of goodwill - - 900 -Depreciation and amortization 181 175 711 690Deferred income taxes 76 72 535 (218)Non-cash lease cost 29 - 108 -Provision for losses on accounts receivable and inventories (14) 7 14 43Share-based compensation expense 20 19 74 75Other 14 25 54 51

Changes in assets and liabilities, net of the effects of acquisitions and divestitures:Accounts receivable, net (245) 136 (63) 31Inventories 253 123 (89) 64Prepaid expenses and other current assets 24 35 51 144Accounts payable 1 (92) (80) (178)Accrued and other current liabilities 105 132 (99) (15)Income taxes (29) (72) (9) (135)Other 76 (57) 143 (44)

Net cash provided by continuing operating activities 719 879 1,991 2,454Net cash provided by (used in) discontinued operating activities 1 (1) 1 (32)Net cash provided by operating activities 720 878 1,992 2,422

Cash flows from investing activities:Capital expenditures (121) (179) (560) (749)Proceeds from sale of property, plant, and equipment 11 27 17 43Acquisition of businesses, net of cash acquired (11) - (339) (283)Proceeds from divestiture of discontinued operation, net of cash retained by sold operation - - - 297Other 4 (1) 17 2

Net cash used in continuing investing activities (117) (153) (865) (690)Net cash used in discontinued investing activities - - - (2)Net cash used in investing activities (117) (153) (865) (692)

Cash flows from financing activities:Net increase (decrease) in commercial paper - 219 (219) (51)Proceeds from issuance of debt - - 593 746Repayment of debt - (250) (352) (691)Proceeds from exercise of share options 26 30 55 85Repurchase of common shares - (178) (523) (1,091)Payment of common share dividends to shareholders (159) (154) (625) (608)Transfers (to) from discontinued operations 1 (1) 1 (34)Other (2) (1) (34) (33)

Net cash used in continuing financing activities (134) (335) (1,104) (1,677)Net cash provided by (used in) discontinued financing activities (1) 1 (1) 34Net cash used in financing activities (135) (334) (1,105) (1,643)

Effect of currency translation on cash 3 (10) (4) (8)Net increase in cash, cash equivalents, and restricted cash 471 381 18 79Cash, cash equivalents, and restricted cash at beginning of fiscal year 474 546 927 848Cash, cash equivalents, and restricted cash at end of fiscal year $ 945 $ 927 $ 945 $ 927

Supplemental cash flow information:Interest paid on debt, net $ 19 $ 19 $ 50 $ 75Income taxes paid, net of refunds 62 61 257 338

TE CONNECTIVITY LTD.RECONCILIATION OF FREE CASH FLOW (UNAUDITED)


2020 2019 2020 2019(in millions)

Net cash provided by continuing operating activities $ 719 $ 879 $ 1,991 $ 2,454Excluding:

Cash (collected) paid pursuant to collateral requirements related to cross-currency swap contracts 39 (39) 34 (132)Capital expenditures, net (110) (152) (543) (706)Free cash flow (1) $ 648 $ 688 $ 1,482 $ 1,616

(1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures.

TE CONNECTIVITY LTD.CONSOLIDATED SEGMENT DATA (UNAUDITED)


2020 2019 2020 2019($ in millions)

Net Sales Net Sales Net Sales Net Sales Transportation Solutions $ 1,865 $ 1,896 $ 6,845 $ 7,821Industrial Solutions 959 1,014 3,713 3,954Communications Solutions 437 390 1,614 1,673

Total $ 3,261 $ 3,300 $ 12,172 $ 13,448

Operating Operating Operating Operating Operating Operating Operating OperatingIncome Margin Income Margin Income (Loss) Margin Income Margin

Transportation Solutions $ 198 10.6 % $ 270 14.2 % $ (93) (1.4) % $ 1,226 15.7 %Industrial Solutions 85 8.9 150 14.8 412 11.1 543 13.7Communications Solutions 64 14.6 24 6.2 218 13.5 209 12.5

Total $ 347 10.6 % $ 444 13.5 % $ 537 4.4 % $ 1,978 14.7 %

Adjusted Adjusted Adjusted Adjusted Adjusted Adjusted Adjusted AdjustedOperating Operating Operating Operating Operating Operating Operating OperatingIncome (1) Margin (1) Income (1) Margin (1) Income (1) Margin (1) Income (1) Margin (1)

Transportation Solutions $ 245 13.1 % $ 334 17.6 % $ 952 13.9 % $ 1,401 17.9 %Industrial Solutions 133 13.9 157 15.5 522 14.1 621 15.7Communications Solutions 95 21.7 47 12.1 260 16.1 258 15.4

Total $ 473 14.5 % $ 538 16.3 % $ 1,734 14.2 % $ 2,280 17.0 %

(1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures.

TE CONNECTIVITY LTD.RECONCILIATION OF NET SALES GROWTH (DECLINE) (UNAUDITED)

Change in Net Sales for the Quarter Ended September 25, 2020versus Net Sales for the Quarter Ended September 27, 2019

Net Sales Organic Net SalesGrowth (Decline) Growth (Decline) (1) Translation (2) Acquisitions

($ in millions)Transportation Solutions (3):

Automotive $ (38) (2.8) % $ (61) (4.2) % $ 23 $ -Commercial transportation (17) (6.0) (17) (6.0) - -Sensors 24 10.0 (39) (16.5) 3 60

Total (31) (1.6) (117) (6.0) 26 60Industrial Solutions (3):

Aerospace, defense, oil, and gas (39) (11.2) (43) (12.5) 4 -Industrial equipment (2) (0.7) (6) (2.2) 4 -Medical (16) (8.6) (16) (8.6) - -Energy 2 1.1 - - 2 -

Total (55) (5.4) (65) (6.4) 10 -Communications Solutions (3):

Data and devices 20 8.3 17 7.1 3 -Appliances 27 18.0 27 18.0 - -

Total 47 12.1 44 11.3 3 -Total $ (39) (1.2) % $ (138) (4.1) % $ 39 $ 60

Change in Net Sales for the Year Ended September 25, 2020versus Net Sales for the Year Ended September 27, 2019

Net Sales Organic Net SalesGrowth (Decline) Growth (Decline) (1) Translation (2) Acquisitions

($ in millions)Transportation Solutions (3):

Automotive $ (783) (13.8) % $ (742) (12.9) % $ (41) $ -Commercial transportation (170) (13.9) (176) (14.4) (21) 27Sensors (23) (2.5) (148) (16.3) (3) 128

Total (976) (12.5) (1,066) (13.5) (65) 155Industrial Solutions (3):

Aerospace, defense, oil, and gas (105) (8.0) (100) (7.8) (5) -Industrial equipment (144) (11.6) (133) (10.7) (11) -Medical (10) (1.4) (9) (1.3) (1) -Energy 18 2.6 30 4.3 (12) -

Total (241) (6.1) (212) (5.4) (29) -Communications Solutions (3):

Data and devices (20) (2.0) (23) (2.5) 3 -Appliances (39) (5.7) (31) (4.4) (8) -

Total (59) (3.5) (54) (3.2) (5) -Total $ (1,276) (9.5) % $ (1,332) (9.9) % $ (99) $ 155

(1) Organic net sales growth (decline) is a non-GAAP financial measure. See description of non-GAAP financial measures.(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.

TE CONNECTIVITY LTD.RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended September 25, 2020(UNAUDITED)

AdjustmentsAcquisition- Restructuring

Related and Other AdjustedU.S. GAAP Charges (1) Charges, Net (1) Tax Items (2) (Non-GAAP) (3)

($ in millions, except per share data)Operating income:Transportation Solutions $ 198 $ 11 $ 36 $ - $ 245Industrial Solutions 85 2 46 - 133Communications Solutions 64 - 31 - 95

Total $ 347 $ 13 $ 113 $ - $ 473

Operating margin 10.6 % 14.5 %

Income tax expense $ (109) $ (4) $ (21) $ 56 $ (78)

Effective tax rate 32.3 % 16.8 %

Income from continuing operations $ 228 $ 9 $ 92 $ 56 $ 385

Diluted earnings per share from continuingoperations $ 0.69 $ 0.03 $ 0.28 $ 0.17 $ 1.16

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each suchjurisdiction.(2) Income tax expense related to increases to the valuation allowance for certain deferred tax assets.(3) See description of non-GAAP financial measures.


For the Quarter Ended September 27, 2019(UNAUDITED)

AdjustmentsAcquisition-

Related Charges Restructuringand Other and Other Adjusted

U.S. GAAP Items (1)(2) Charges, Net (1) Tax Items (Non-GAAP) (3)

($ in millions, except per share data)Operating income:Transportation Solutions $ 270 $ 18 $ 46 $ - $ 334Industrial Solutions 150 4 3 - 157Communications Solutions 24 1 22 - 47

Total $ 444 $ 23 $ 71 $ - $ 538


Income tax expense $ (61) $ (5) $ (15) $ 1 $ (80)



Diluted earnings per share from continuingoperations $ 1.11 $ 0.05 $ 0.17 $ - $ 1.33

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each suchjurisdiction.(2) Includes acquisition-related charges of $6 million and a write-off of spare parts of $17 million.(3) See description of non-GAAP financial measures.


For the Year Ended September 25, 2020(UNAUDITED)


Related and Other Impairment AdjustedU.S. GAAP Charges (1) Charges, Net (1) of Goodwill (1) Tax Items (2) (Non-GAAP) (4)

($ in millions, except per share data)Operating income (loss):Transportation Solutions $ (93) $ 32 $ 113 $ 900 $ - $ 952Industrial Solutions 412 8 102 - - 522Communications Solutions 218 - 42 - - 260

Total $ 537 $ 40 $ 257 $ 900 $ - $ 1,734


Other income, net $ 20 $ - $ - $ - $ (8) $ 12

Income tax expense $ (783) $ (8) $ (46) $ (4) $ 550 $ (291)


Income (loss) from continuing operations $ (259) $ 32 $ 211 $ 896 $ 542 $ 1,422

Diluted earnings (loss) per share fromcontinuing operations (3) $ (0.78) $ 0.10 $ 0.63 $ 2.68 $ 1.62 $ 4.26

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each suchjurisdiction.(2) Includes $355 million of income tax expense related to the tax impacts of certain measures of Swiss tax reform and $226 million of income tax expense related to increasesto the valuation allowance for certain deferred tax assets, partially offset by a $31 million income tax benefit related to pre-separation tax matters and the termination of thetax sharing agreement with Tyco International and Covidien.(3) U.S. GAAP diluted shares excludes two million of nonvested share awards and options outstanding as the inclusion of these securities would have been antidilutivebecause of our loss during the period. Such amounts are included in adjusted (non-GAAP) diluted shares.(4) See description of non-GAAP financial measures.


For the Year Ended September 27, 2019(UNAUDITED)

AdjustmentsAcquisition-

Related Charges Restructuringand Other and Other Adjusted

U.S. GAAP Items (1)(2) Charges, Net (1) Tax Items (3) (Non-GAAP) (4)

($ in millions, except per share data)Operating income:Transportation Solutions $ 1,226 $ 31 $ 144 $ - $ 1,401Industrial Solutions 543 15 63 - 621Communications Solutions 209 1 48 - 258

Total $ 1,978 $ 47 $ 255 $ - $ 2,280


Other income, net $ 2 $ - $ - $ - $ 2

Income tax (expense) benefit $ 15 $ (9) $ (61) $ (291) $ (346)

Effective tax rate (0.8)% 15.5 %

Income from continuing operations $ 1,946 $ 38 $ 194 $ (291) $ 1,887

Diluted earnings per share from continuingoperations $ 5.72 $ 0.11 $ 0.57 $ (0.86) $ 5.55

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each suchjurisdiction.(2) Includes acquisition-related charges of $30 million and a write-off of spare parts of $17 million.(3) Includes a $216 million income tax benefit related to the tax impacts of certain measures of Swiss tax reform, a $90 million income tax benefit related to the effectivesettlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings andintercompany transactions.(4) See description of non-GAAP financial measures.


For the Quarter Ended December 27, 2019(UNAUDITED)


Related and Other AdjustedU.S. GAAP Charges (1) Charges, Net (1) Tax Items (2) (Non-GAAP) (3)

($ in millions, except per share data)Operating income:Transportation Solutions $ 316 $ 5 $ 4 $ - $ 325Industrial Solutions 115 2 15 - 132Communications Solutions 40 - 5 - 45

Total $ 471 $ 7 $ 24 $ - $ 502


Other income, net $ 5 $ - $ - $ - $ 5

Income tax expense $ (447) $ (1) $ - $ 355 $ (93)



Diluted earnings per share from continuingoperations $ 0.07 $ 0.02 $ 0.07 $ 1.05 $ 1.21

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each suchjurisdiction.(2) Income tax expense related to the tax impacts of certain measures of Swiss tax reform.(3) See description of non-GAAP financial measures.

TE CONNECTIVITY LTD.RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES

TO FORWARD-LOOKING GAAP FINANCIAL MEASURESAs of October 28, 2020

(UNAUDITED)

Outlook forQuarter Ending

December 25,2020

Diluted earnings per share from continuing operations $ 0.83Restructuring and other charges, net 0.40Acquisition-related charges 0.02

Adjusted diluted earnings per share from continuing operations (1) $ 1.25

Net sales growth (decline) 1.0 %Translation (1.7)(Acquisitions) divestitures, net (1.3)

Organic net sales growth (decline) (1) (2.0)%

(1) See description of non-GAAP financial measures.

TE Connectivity announces fourth quarter and full year results for fiscal year 2020

Sales up 28% sequentially, exceeding company’s expectations; strong cash flow performance for full year

SCHAFFHAUSEN,Switzerland–Oct.28,2020–TEConnectivityLtd.(NYSE:TEL)todayreportedresultsforthefiscalfourth

quarterandyearendedSept.25,2020.

Fourth Quarter Highlights

● Netsaleswere$3.26billion,up28%sequentiallyonareportedbasiscomparedtothe10%increasethecompany

expected.Salesweredown1%onareportedbasisanddown4%onanorganicbasisyearoveryear.

● Growthinallsegmentssequentially,withTransportationsegmentup49%,drivenbyAutobusiness.

● GAAPearningspershare(EPS)fromcontinuingoperationswere$0.69,andadjustedEPSwere$1.16.

● Cashflowfromcontinuingoperatingactivitieswas$719millionandfreecashflowwas$648million.

Full Year Highlights

● Netsaleswere$12.2billion,down10%fromfiscalyear2019asaresultofCOVID-19impact.

● GAAPEPSfromcontinuingoperationswerealossof$0.78,andadjustedEPSwere$4.26.

● Cashflowfromcontinuingoperatingactivitieswas$2billionandfreecashflowwas$1.5billion,with$1.1billion

returnedtoshareholders.

“Iamproudofouremployeesfordeliveringfourthquarterresultswellaboveourexpectations,exitingtheyearwithsequential

salesgrowthinallsegments.Inparticular,ourTransportationsegmentwasupnearly50%fromlastquarter,drivenbya

recoveryinautoproductionandourcontinuedoutperformanceversusthemarketduetoourstrongpositioninhybridandelectric

vehicleplatformtechnology,”saidTEConnectivityCEOTerrenceCurtin.“Ourglobalmanufacturingstrategyandaccelerationof

ourcostreductionactivitiesenabledustomeetourcommitmentstoourcustomersastheycontinuetonavigatetheimpactsof

COVID-19.Ourfullyearresultsdemonstratestrongcashflowgenerationandourportfolioiswellpositioned.Whilethemarkets

remainuncertain,wedoexpectourfirstquarterof2021tobebacktopre-COVIDrevenuelevelsandweexpectanincreasein

profitabilitywithyear-over-yearadjustedmarginandEPSgrowth.”

First Quarter FY21 OutlookForthefirstquarteroffiscal2021,thecompanyexpectsnetsalesofapproximately$3.2billion,reflectinganincreaseof1%ona

reportedbasisanddown2%onanorganicbasisyearoveryear.GAAPEPSfromcontinuingoperationsareexpectedto

beapproximately$0.83,withadjustedEPSofapproximately$1.25.

ThecompanyisnotprovidingfullyearguidanceduetolimitedvisibilityofCOVID-19impactonfuturedemand.Informationabout

TEConnectivity'suseofnon-GAAPfinancialmeasuresisprovidedbelow.Forreconciliationsofthesenon-GAAPfinancial

measures,seetheattachedtables.

Conference Call and WebcastThecompanywillholdaconferencecalltodaybeginningat8:30a.m.ET.Thedial-ininformationisprovidedhere:

● AtTEConnectivity'swebsite:investors.te.com

● Bytelephone:Forboth"listen-only"participantsandthoseparticipantswhowishtotakepartinthequestion-and-

answerportionofthecall,thedial-innumberintheUnitedStatesis(866)211-4092,andforinternationalcallers,the

dial-innumberis(647)689-6620.

● AreplayoftheconferencecallwillbeavailableonTEConnectivity’sinvestorwebsiteatinvestors.te.comat11:30

a.m.ETonOct.28,2020.

About TE ConnectivityTEConnectivityLtd.(NYSE:TEL)isa$12billionglobalindustrialtechnologyleadercreatingasafer,sustainable,productive,

andconnectedfuture.Ourbroadrangeofconnectivityandsensorsolutions,provenintheharshestenvironments,enable

advancementsintransportation,industrialapplications,medicaltechnology,energy,datacommunications,andthehome.With

approximately80,000employees,includingmorethan7,500engineers,workingalongsidecustomersinapproximately140

countries,TEensuresthatEVERYCONNECTIONCOUNTS.Learnmoreatwww.te.comandonLinkedIn,Facebook,WeChat

andTwitter.

Non-GAAP Financial MeasuresWepresentnon-GAAPperformanceandliquiditymeasuresaswebelieveitisappropriateforinvestorstoconsideradjustedfinancialmeasuresinadditiontoresultsinaccordancewithaccountingprinciplesgenerallyacceptedintheU.S.(“GAAP”).Thesenon-GAAPfinancialmeasuresprovidesupplementalinformationandshouldnotbeconsideredreplacementsforresultsinaccordancewithGAAP.Managementusesnon-GAAPfinancialmeasuresinternallyforplanningandforecastingpurposesandinitsdecision-makingprocessesrelatedtotheoperationsofourcompany.Webelievethesemeasuresprovidemeaningfulinformationtousandinvestorsbecausetheyenhancetheunderstandingofouroperatingperformance,abilitytogeneratecash,andthetrendsofourbusiness.Additionally,webelievethatinvestorsbenefitfromhavingaccesstothesamefinancialmeasuresthatmanagementusesinevaluatingouroperations.Theprimarylimitationofthesemeasuresisthattheyexcludethefinancialimpactofitemsthatwouldotherwiseeitherincreaseordecreaseourreportedresults.Thislimitationisbestaddressedbyusingthesenon-GAAPfinancialmeasuresincombinationwiththemostdirectlycomparableGAAPfinancialmeasuresinordertobetterunderstandtheamounts,character,andimpactofanyincreaseordecreaseinreportedamounts.Thesenon-GAAPfinancialmeasuresmaynotbecomparabletosimilarly-titledmeasuresreportedbyothercompanies.

Thefollowingprovidesadditionalinformationregardingournon-GAAPfinancialmeasures:

● OrganicNetSalesGrowth(Decline)–representsnetsalesgrowth(decline)(themostcomparableGAAPfinancialmeasure)excludingtheimpactofforeigncurrencyexchangerates,andacquisitionsanddivestituresthatoccurredintheprecedingtwelvemonths,ifany.OrganicNetSalesGrowth(Decline)isausefulmeasureofourperformancebecauseitexcludesitemsthatarenotcompletelyundermanagement’scontrol,suchastheimpactofchangesinforeigncurrencyexchangerates,anditemsthatdonotreflecttheunderlyinggrowthofthecompany,suchasacquisitionanddivestitureactivity.Thismeasureisasignificantcomponentinourincentivecompensationplans.

● AdjustedOperatingIncome(Loss)andAdjustedOperatingMargin–representoperatingincome(loss)andoperatingmargin,respectively,(themostcomparableGAAPfinancialmeasures)beforespecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,andotherincomeorcharges,ifany.Weutilizetheseadjustedmeasuresincombinationwithoperatingincome(loss)andoperatingmargintoassesssegmentleveloperatingperformanceandtoprovideinsighttomanagementinevaluatingsegmentoperatingplanexecutionandmarketconditions.AdjustedOperatingIncome(Loss)isasignificantcomponentinourincentivecompensationplans.

● AdjustedOtherIncome(Expense),Net–representsnetotherincome(expense)(themostcomparableGAAPfinancialmeasure)beforespecialitemsincludingtaxsharingincomerelatedtoadjustmentstopriorperiodtaxreturnsandotheritems,ifany.

● AdjustedIncomeTax(Expense)BenefitandAdjustedEffectiveTaxRate–representincometax(expense)benefitandeffectivetaxrate,respectively,(themostcomparableGAAPfinancialmeasures)afteradjustingforthetaxeffectofspecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,otherincomeorcharges,andcertainsignificanttaxitems,ifany.

● AdjustedIncome(Loss)fromContinuingOperations–representsincome(loss)fromcontinuingoperations(themostcomparableGAAPfinancialmeasure)beforespecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,taxsharingincomerelatedtoadjustmentstopriorperiodtaxreturnsandothertaxitems,otherincomeorcharges,andcertainsignificanttaxitems,ifany,and,ifapplicable,therelatedtaxeffects.

● AdjustedEarnings(Loss)PerShare–representsdilutedearnings(loss)persharefromcontinuingoperations(themostcomparableGAAPfinancialmeasure)beforespecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,taxsharingincomerelatedtoadjustmentstopriorperiodtaxreturnsandothertaxitems,otherincomeorcharges,andcertainsignificanttaxitems,ifany,and,ifapplicable,therelatedtaxeffects.Thismeasureisasignificantcomponentinourincentivecompensationplans.

● FreeCashFlow(FCF)–isausefulmeasureofourabilitytogeneratecash.Thedifferencebetweennetcashprovidedbycontinuingoperatingactivities(themostcomparableGAAPfinancialmeasure)andFreeCashFlowconsistsmainlyofsignificantcashoutflowsandinflowsthatwebelieveareusefultoidentify.WebelieveFreeCashFlowprovidesusefulinformationtoinvestorsasitprovidesinsightintotheprimarycashflowmetricusedbymanagementtomonitorandevaluatecashflowsgeneratedfromouroperations.

FreeCashFlowisdefinedasnetcashprovidedbycontinuingoperatingactivitiesexcludingvoluntarypensioncontributionsandthecashimpactofspecialitems,ifany,minusnetcapitalexpenditures.VoluntarypensioncontributionsareexcludedfromtheGAAPfinancialmeasurebecausethisactivityisdrivenbyeconomicfinancingdecisionsratherthanoperatingactivity.Certainspecialitems,includingnetpaymentsrelatedtopre-separationtaxmattersandcashpaid(collected)pursuanttocollateralrequirementsrelatedtocross-currencyswapcontracts,are

alsoexcludedbymanagementinevaluatingFreeCashFlow.Netcapitalexpendituresconsistofcapitalexpenditureslessproceedsfromthesaleofproperty,plant,andequipment.Theseitemsaresubtractedbecausetheyrepresentlong-termcommitments.

InthecalculationofFreeCashFlow,wesubtractcertaincashitemsthatareultimatelywithinmanagement’sandtheBoardofDirectors’discretiontodirectandmayimplythatthereislessormorecashavailableforourprogramsthanthemostcomparableGAAPfinancialmeasureindicates.ItshouldnotbeinferredthattheentireFreeCashFlowamountisavailableforfuturediscretionaryexpenditures,asourdefinitionofFreeCashFlowdoesnotconsidercertainnon-discretionaryexpenditures,suchasdebtpayments.Inaddition,wemayhaveotherdiscretionaryexpenditures,suchasdiscretionarydividends,sharerepurchases,andbusinessacquisitions,thatarenotconsideredinthecalculationofFreeCashFlow.

Forward-Looking StatementsThisreleasecontainscertain"forward-lookingstatements"withinthemeaningoftheU.S.PrivateSecuritiesLitigationReformActof1995.Thesestatementsarebasedonmanagement'scurrentexpectationsandaresubjecttorisks,uncertaintyandchangesincircumstances,whichmaycauseactualresults,performance,financialconditionorachievementstodiffermateriallyfromanticipatedresults,performance,financialconditionorachievements.Allstatementscontainedhereinthatarenotclearlyhistoricalinnatureareforward-lookingandthewords"anticipate,""believe,""expect,""estimate,""plan,"andsimilarexpressionsaregenerallyintendedtoidentifyforward-lookingstatements.Wehavenointentionandareundernoobligationtoupdateoralter(andexpresslydisclaimanysuchintentionorobligationtodoso)ourforward-lookingstatementswhetherasaresultofnewinformation,futureeventsorotherwise,excepttotheextentrequiredbylaw.Theforward-lookingstatementsinthisreleaseincludestatementsaddressingourfuturefinancialconditionandoperatingresults,andtheimpactonouroperationsresultingfromthecoronavirusdisease2019(“COVID-19”).Examplesoffactorsthatcouldcauseactualresultstodiffermateriallyfromthosedescribedintheforward-lookingstatementsinclude,amongothers,theextent,severityanddurationofCOVID-19negativelyaffectingourbusinessoperations;business,economic,competitiveandregulatoryrisks,suchasconditionsaffectingdemandforproductsintheautomotiveandotherindustriesweserve;competitionandpricingpressure;fluctuationsinforeigncurrencyexchangeratesandcommodityprices;naturaldisastersandpolitical,economicandmilitaryinstabilityincountriesinwhichweoperate;developmentsinthecreditmarkets;futuregoodwillimpairment;compliancewithcurrentandfutureenvironmentalandotherlawsandregulations;andthepossibleeffectsonusofchangesintaxlaws,taxtreatiesandotherlegislation,includingtheeffectsofSwisstaxreform.Inaddition,theextenttowhichCOVID-19willimpactourbusinessandourfinancialresultswilldependonfuturedevelopments,whicharehighlyuncertainandcannotbepredicted.Suchdevelopmentsmayincludethegeographicspreadofthevirus,theseverityofthevirus,thedurationoftheoutbreak,theimpactonoursuppliers’andcustomers’supplychains,theactionsthatmaybetakenbyvariousgovernmentalauthoritiesinresponsetotheoutbreakinjurisdictionsinwhichweoperate,andthepossibleimpactontheglobaleconomyandlocaleconomiesinwhichweoperate.MoredetailedinformationabouttheseandotherfactorsissetforthinTEConnectivityLtd.'sAnnualReportonForm10-KforthefiscalyearendedSept.27,2019aswellasinourQuarterlyReportsonForm10-Q,CurrentReportsonForm8-KandotherreportsfiledbyuswiththeU.S.SecuritiesandExchangeCommission.

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Contacts: Media Relations: Investor Relations:FernandoVivanco SujalShahTEConnectivity TEConnectivity610-893-9756 [email protected] [email protected]

Exhibit 99.2

EVERYCONNECTIONCOUNTSTEConnectivityFourthQuarter2020EarningsOctober28,2020

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.Forward-LookingStatementsThispresentationcontainscertain"forward-lookingstatements"withinthemeaningoftheU.S.PrivateSecuritiesLitigationReformActof1995.Thesestatementsarebasedonmanagement'scurrentexpectationsandaresubjecttorisks,uncertaintyandchangesincircumstances,whichmaycauseactualresults,performance,financialconditionorachievementstodiffermateriallyfromanticipatedresults,performance,financialconditionorachievements.Allstatementscontainedhereinthatarenotclearlyhistoricalinnatureareforward-lookingandthewords"anticipate,""believe,""expect,""estimate,""plan,"andsimilarexpressionsaregenerallyintendedtoidentifyforward-lookingstatements.Wehavenointentionandareundernoobligationtoupdateoralter(andexpresslydisclaimanysuchintentionorobligationtodoso)ourforward-lookingstatementswhetherasaresultofnewinformation,futureeventsorotherwise,excepttotheextentrequiredbylaw.Theforward-lookingstatementsinthispresentationincludestatementsaddressingourfuturefinancialconditionandoperatingresults,andtheimpactonouroperationsresultingfromthecoronavirusdisease2019(“COVID-19”).Examplesoffactorsthatcouldcauseactualresultstodiffermateriallyfromthosedescribedintheforward-lookingstatementsinclude,amongothers,theextent,severityanddurationofCOVID-19negativelyaffectingourbusinessoperations;business,economic,competitiveandregulatoryrisks,suchasconditionsaffectingdemandforproductsintheautomotiveandotherindustriesweserve;competitionandpricingpressure;fluctuationsinforeigncurrencyexchangeratesandcommodityprices;naturaldisastersandpolitical,economicandmilitaryinstabilityincountriesinwhichweoperate;developmentsinthecreditmarkets;futuregoodwillimpairment;compliancewithcurrentandfutureenvironmentalandotherlawsandregulations;andthepossibleeffectsonusofchangesintaxlaws,taxtreatiesandotherlegislation,includingtheeffectsofSwisstaxreform.Inaddition,theextenttowhichCOVID-19willimpactourbusinessandourfinancialresultswilldependonfuturedevelopments,whicharehighlyuncertainandcannotbepredicted.Suchdevelopmentsmayincludethegeographicspreadofthevirus,theseverityofthevirus,thedurationoftheoutbreak,theimpactonoursuppliers’andcustomers’supplychains,theactionsthatmaybetakenbyvariousgovernmentalauthoritiesinresponsetotheoutbreakinjurisdictionsinwhichweoperate,andthepossibleimpactontheglobaleconomyandlocaleconomiesinwhichweoperate.MoredetailedinformationabouttheseandotherfactorsissetforthinTEConnectivityLtd.'sAnnualReportonForm10-KforthefiscalyearendedSept.27,2019aswellasinourQuarterlyReportsonForm10-Q,CurrentReportsonForm8-KandotherreportsfiledbyuswiththeU.S.SecuritiesandExchangeCommission.Non-GAAPFinancialMeasuresWherewehaveusednon-GAAPfinancialmeasures,reconciliationstothemostcomparableGAAPmeasureareprovided,alongwithadisclosureontheusefulnessofthenon-GAAPfinancialmeasure,inthispresentation.Forward-LookingStatementsandNon-GAAPFinancialMeasures2

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.EarningsHighlightsQ4Salesof$3.26B,betterthanexpectations;AdjustedEPSof$1.16•Salesup28%sequentiallyonareportedbasisversusexpectationsofup10%•Transportationup49%sequentially,drivenbyAutomotive•Industrialup11%sequentially,withsequentialgrowthinallbusinessunits•Communicationsup2%sequentially,drivenbyAppliances•Strongordersof~$3.35Bandabooktobillof1.03•AdjustedEPSof$1.16;AdjustedOperatingMarginsup~500bpssequentiallyto14.5%•GeneratedFreeCashFlowof~$650M,benefittingfromplannedinventoryreductioninthequarterFY20resultsdemonstrateresiliencyinachallengingenvironment•Salesof$12.2B,AdjustedOperatingMarginsof14.2%,AdjustedEPSof$4.26•CommunicationsresilientthroughtheCovid-19downturn,highlightingthediversityofourportfolio•Globalmanufacturingstrategyenabledresiliencyinoperationstomeetourcustomercommitments•Acceleratedcostreductionandfactoryfootprintconsolidationplans•FCFof~$1.5Bwith104%conversion;~$1.1BreturnedtoshareholdersQ1Guidance•Expectsalesof~$3.2B,up1%reportedY/YandAdjustedEPSof~$1.25,up3%Y/Y•ExpectAdjustedOperatingMarginsandEPStoexpandonaY/YbasisinQ1AdjustedEPS,AdjustedOperatingMarginandFreeCashFlowarenon-GAAPfinancialmeasures;seeAppendixfordescriptionsandreconciliationsFreeCashFlowConversionrepresentstheratioofFreeCashFlowtoAdjustedIncome(Loss)fromContinuingOperations.SeeAppendixfordescriptionandreconciliationofthesenon-GAAPfinancialmeasures.3

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReportedFY19FY20FY20Q4GrowthQ4Q3Q4Y/YQ/QTransportation1,8991,1782,12412%80%Industrial933824799(14%)(3)%Communications37438442513%11%TotalTE3,2062,3863,3484%40%BooktoBill0.970.941.03SegmentOrdersSummary($inmillions)4•TransportationgrowthdrivenbyAuto;sequentialgrowthacrossallregions•IndustrialY/YdeclinesdrivenprimarilybyCommAir•CommunicationsgrowthdrivenbyAppliancesY/YordersgrowthinallbusinessesinTransportationandCommunications

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.TransportationSolutions$1,896$1,865Q42019Q42020•Automotivesalesdeclinedrivenbyglobalautoproductiontrends;6%contentoutperformanceforFY20•CommercialTransportationorganicdeclinesinNorthAmericaandEurope,partiallyoffsetbygrowthinChina•Sensors+9%sequentiallyonanorganicbasisasexpected;Y/YimpactedbymarketvolatilityY/YGrowthRatesReportedOrganicAutomotive$1,336(3)%(4)%CommercialTransportation266(6)%(6)%Sensors26310%(17)%TransportationSolutions$1,865(2)%(6)%OrganicNetSalesGrowth(Decline),AdjustedOperatingMarginandAdjustedEBITDAMarginarenon-GAAPfinancialmeasures:seeAppendixfordescriptionsandreconciliations.Q4SalesQ4BusinessPerformanceQ4AdjustedOperatingMargin$inMillionsReportedDown2%OrganicDown6%AdjustedOperatingMarginsimpactedbyplannedinventoryreductioninthequarterAdjustedEBITDAMargin23.6%19.6%517.6%13.1%Q42019Q42020

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.IndustrialSolutions$1,014$959Q42019Q42020Y/YGrowthRatesReportedOrganicAerospace,DefenseandMarine$309(11)%(13)%IndustrialEquipment290(1)%(2)%Medical171(9)%(9)%Energy1891%0%IndustrialSolutions$959(5)%(6)%AdjustedOperatingMarginsimpactedbyvolumedeclinesandinventoryworkdown15.5%13.9%Q42019Q42020AdjustedEBITDAMargin19.9%18.6%•AD&MdeclinedrivenbycontinuedweaknessinCommercialAerospacemarket•IndustrialEquipmentdeclinesinEuropepartiallyoffsetbygrowthinAsia•MedicaldeclinedrivenbycontinueddelayinelectiveprocedurescausedbyCovid-19•EnergygrowthinChina,partiallyoffsetbyweaknessinNorthAmerica$inMillionsQ4SalesQ4BusinessPerformanceQ4AdjustedOperatingMarginReportedDown5%OrganicDown6%6OrganicNetSalesGrowth(Decline),AdjustedOperatingMarginandAdjustedEBITDAMarginarenon-GAAPfinancialmeasures:seeAppendixfordescriptionsandreconciliations.

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.$390$437Q42019Q42020ReportedUp12%OrganicUp11%Y/YGrowthRatesReportedOrganicData&Devices$2608%7%Appliances17718%18%CommunicationsSolutions$43712%11%•Data&Devicesgrowthdrivenbystrengthincloudrelateddemand•Appliancesgrowthacrossallregionsdrivenbyimprovedhousingmarketandsupplychainreplenishment•ContinuetoexpectAdjustedOperatingMarginsinthemid-teensgoingforward12.1%21.7%Q42019Q42020AdjustedOperatingMarginperformanceaheadofexpectationsOrganicNetSalesGrowth(Decline),AdjustedOperatingMarginandAdjustedEBITDAMarginarenon-GAAPfinancialmeasures:seeAppendixfordescriptionsandreconciliationsCommunicationsSolutionsQ4SalesQ4AdjustedOperatingMarginQ4BusinessPerformance$inMillionsAdjustedEBITDAMargin16.2%25.4%7

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.Q4FinancialSummary($inMillions,exceptpershareamounts)Q4FY19Q4FY20NetSales$3,300$3,261OperatingIncome$444$347OperatingMargin13.5%10.6%Acquisition-RelatedCharges&OtherItems2313Restructuring&OtherCharges,Net71113AdjustedOperatingIncome$538$473AdjustedOperatingMargin16.3%14.5%EarningsPerShare*$1.11$0.69Acquisition-RelatedCharges&OtherItems0.050.03Restructuring&OtherCharges,Net0.170.28TaxItems-0.17AdjustedEPS$1.33$1.16*RepresentsDilutedEarnings(Loss)PerSharefromContinuingOperations.**Incometaxexpenserelatedtoincreasestothevaluationallowanceforcertaindeferredtaxassets.AdjustedOperatingIncome,AdjustedOperatingMarginandAdjustedEPSarenon-GAAPfinancialmeasures;seeAppendixfordescriptionsandreconciliations.8**

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.Q4FinancialPerformance$3,300$2,548$3,261Q42019Q32020Q42020$1.33$0.59$1.16Q42019Q32020Q42020AdjustedEBITDAMargin21.6%16.3%20.1%16.3%9.4%14.5%Q42019Q32020Q42020AdjustedOperatingMargin,AdjustedEPS,AdjustedEBITDAMarginandFreeCashFlowarenon-GAAPfinancialmeasures:seeAppendixfordescriptionsandreconciliations.SalesAdjustedOperatingMarginFreeCashFlowAdjustedEPSStrongsequentialimprovementacrossallfinancialmetrics9$688$280$648Q42019Q32020Q42020

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ExpectationsGoingForward•GlobalautoproductioninQ1of20M–21Mvehicles,representingthehighpointforthefiscalyear•ExpecttheCommAirmarkettodeclineover20%forthesecondconsecutiveyear•CloudprovidercapexgrowthdrivenbyincreasingonlineactivitiesAdjustedOperatingMargin,AdjustedEffectiveTaxRate,OrganicNetSalesGrowth(Decline),AdjustedEPS,andFreeCashFlowarenon-GAAPfinancialmeasure;seeAppendixfordescriptionFreeCashFlowConversionrepresentstheratioofFreeCashFlowtoAdjustedIncome(Loss)fromContinuingOperations.SeeAppendixfordescriptionandreconciliationofthesenon-GAAPfinancialmeasures10•EstimatedAdjustedtaxrateof~19%,withcontinuedlowercashtaxrateconsistentwithprioryears•Restructuringchargesof~$200M•ExpectFCFconversionof~100%•Expectbalancedcapitalstrategywith2/3ofFreeCashFlowreturnedtoshareholders•ExpectQ1salesof~$3.2B,up1%reportedanddown2%organicallyY/Y•SequentialorganicgrowthinTransportationoffsetbydeclinesinIndustrial&Communications•AdjustedEPSof~$1.25,up~3%Y/Y•ExpectY/YgrowthinAdjustedOperatingMarginsandEPSQ1FY21GuidanceKeyMarketAssumptionsFY21FinancialAssumptions

EVERYCONNECTIONCOUNTSAdditionalInformation

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.Y/YQ42020AdjustedEPSisanon-GAAPfinancialmeasure;SeeAppendixfordescriptionandreconciliation.Sales(inmillions)AdjustedEPSQ42019Results$3,300$1.33OperationalPerformance(78)(0.19)FXImpact390.04TaxRateImpact-(0.02)Q42020Results$3,261$1.1612

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.Y/YFY2020AdjustedEPSisanon-GAAPfinancialmeasure;SeeAppendixfordescriptionandreconciliation.Sales(inmillions)AdjustedEPS2019Results$13,448$5.55OperationalPerformance(1,177)(1.23)FXImpact(99)0.02TaxRateImpact-(0.08)2020Results$12,172$4.2613

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.Y/YQ12021AdjustedEPSisanon-GAAPfinancialmeasure;SeeAppendixfordescriptionandreconciliation.Sales(inmillions)AdjustedEPSQ12020Results$3,168$1.21OperationalPerformance(23)-FXImpact550.04TaxRateImpact--Q12021Guidance$3,200$1.2514

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.($inMillions)Q42019Q42020BeginningCashBalance$546$474FreeCashFlow688648Dividends(154)(159)Sharerepurchases(178)0Netdecreaseindebt(31)0Acquisitionofbusinesses,netofcashacquired0(11)Other56(7)EndingCashBalance$927$945TotalDebt$3,965$4,146A/R$2,320$2,377DaysSalesOutstanding*6366Inventory$1,836$1,950DaysonHand*7174AccountsPayable$1,357$1,276DaysOutstanding*5550FreeCashFlowandWorkingCapitalLiquidity,Cash&Debt($inMillions)Q42019Q42020CashfromContinuingOperatingActivities$879$719Capitalexpenditures,netCash(collected)paidpursuanttocollateralrequirementsrelatedtocross-currencyswapcontracts(152)(39)(110)39FreeCashFlow$688$648FreeCashFlowisanon-GAAPfinancialmeasure,seeAppendixfordescriptionandreconciliation*AdjustedtoexcludetheimpactofacquisitionsQ4BalanceSheet&CashFlowSummary15

EVERYCONNECTIONCOUNTSAppendix

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.17Non-GAAPFinancialMeasuresWepresentnon-GAAPperformanceandliquiditymeasuresaswebelieveitisappropriateforinvestorstoconsideradjustedfinancialmeasuresinadditiontoresultsinaccordancewithaccountingprinciplesgenerallyacceptedintheU.S.(“GAAP”).Thesenon-GAAPfinancialmeasuresprovidesupplementalinformationandshouldnotbeconsideredreplacementsforresultsinaccordancewithGAAP.Managementusesnon-GAAPfinancialmeasuresinternallyforplanningandforecastingpurposesandinitsdecision-makingprocessesrelatedtotheoperationsofourcompany.Webelievethesemeasuresprovidemeaningfulinformationtousandinvestorsbecausetheyenhancetheunderstandingofouroperatingperformance,abilitytogeneratecash,andthetrendsofourbusiness.Additionally,webelievethatinvestorsbenefitfromhavingaccesstothesamefinancialmeasuresthatmanagementusesinevaluatingouroperations.Theprimarylimitationofthesemeasuresisthattheyexcludethefinancialimpactofitemsthatwouldotherwiseeitherincreaseordecreaseourreportedresults.Thislimitationisbestaddressedbyusingthesenon-GAAPfinancialmeasuresincombinationwiththemostdirectlycomparableGAAPfinancialmeasuresinordertobetterunderstandtheamounts,character,andimpactofanyincreaseordecreaseinreportedamounts.Thesenon-GAAPfinancialmeasuresmaynotbecomparabletosimilarly-titledmeasuresreportedbyothercompanies.Thefollowingprovidesadditionalinformationregardingournon-GAAPfinancialmeasures:•OrganicNetSalesGrowth(Decline)–representsnetsalesgrowth(decline)(themostcomparableGAAPfinancialmeasure)excludingtheimpactofforeigncurrencyexchangerates,andacquisitionsanddivestituresthatoccurredintheprecedingtwelvemonths,ifany.OrganicNetSalesGrowth(Decline)isausefulmeasureofourperformancebecauseitexcludesitemsthatarenotcompletelyundermanagement’scontrol,suchastheimpactofchangesinforeigncurrencyexchangerates,anditemsthatdonotreflecttheunderlyinggrowthofthecompany,suchasacquisitionanddivestitureactivity.Thismeasureisasignificantcomponentinourincentivecompensationplans.•AdjustedOperatingIncome(Loss)andAdjustedOperatingMargin–representoperatingincome(loss)andoperatingmargin,respectively,(themostcomparableGAAPfinancialmeasures)beforespecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,andotherincomeorcharges,ifany.Weutilizetheseadjustedmeasuresincombinationwithoperatingincome(loss)andoperatingmargintoassesssegmentleveloperatingperformanceandtoprovideinsighttomanagementinevaluatingsegmentoperatingplanexecutionandmarketconditions.AdjustedOperatingIncome(Loss)isasignificantcomponentinourincentivecompensationplans.•AdjustedOtherIncome(Expense),Net–representsnetotherincome(expense)(themostcomparableGAAPfinancialmeasure)beforespecialitemsincludingtaxsharingincomerelatedtoadjustmentstopriorperiodtaxreturnsandotheritems,ifany.•AdjustedIncomeTax(Expense)BenefitandAdjustedEffectiveTaxRate–representincometax(expense)benefitandeffectivetaxrate,respectively,(themostcomparableGAAPfinancialmeasures)afteradjustingforthetaxeffectofspecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,otherincomeorcharges,andcertainsignificanttaxitems,ifany.•AdjustedIncome(Loss)fromContinuingOperations–representsincome(loss)fromcontinuingoperations(themostcomparableGAAPfinancialmeasure)beforespecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,taxsharingincomerelatedtoadjustmentstopriorperiodtaxreturnsandothertaxitems,otherincomeorcharges,andcertainsignificanttaxitems,ifany,and,ifapplicable,therelatedtaxeffects.•AdjustedEarnings(Loss)PerShare–representsdilutedearnings(loss)persharefromcontinuingoperations(themostcomparableGAAPfinancialmeasure)beforespecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,taxsharingincomerelatedtoadjustmentstopriorperiodtaxreturnsandothertaxitems,otherincomeorcharges,andcertainsignificanttaxitems,ifany,and,ifapplicable,therelatedtaxeffects.Thismeasureisasignificantcomponentinourincentivecompensationplans.

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.18•AdjustedEBITDAandAdjustedEBITDAMargin-representnetincome(loss)andnetincome(loss)asapercentageofnetsales,respectively,(themostcomparableGAAPfinancialmeasures)beforeinterestexpense,interestincome,incometaxes,depreciation,andamortization,asadjustedfornetotherincome,incomefromdiscontinuedoperations,andspecialitemsincludingrestructuringandothercharges,acquisition-relatedcharges,impairmentofgoodwill,andotherincomeorcharges,ifany.•FreeCashFlow(FCF)–isausefulmeasureofourabilitytogeneratecash.Thedifferencebetweennetcashprovidedbycontinuingoperatingactivities(themostcomparableGAAPfinancialmeasure)andFreeCashFlowconsistsmainlyofsignificantcashoutflowsandinflowsthatwebelieveareusefultoidentify.WebelieveFreeCashFlowprovidesusefulinformationtoinvestorsasitprovidesinsightintotheprimarycashflowmetricusedbymanagementtomonitorandevaluatecashflowsgeneratedfromouroperations.FreeCashFlowisdefinedasnetcashprovidedbycontinuingoperatingactivitiesexcludingvoluntarypensioncontributionsandthecashimpactofspecialitems,ifany,minusnetcapitalexpenditures.VoluntarypensioncontributionsareexcludedfromtheGAAPfinancialmeasurebecausethisactivityisdrivenbyeconomicfinancingdecisionsratherthanoperatingactivity.Certainspecialitems,includingnetpaymentsrelatedtopre-separationtaxmattersandcashpaid(collected)pursuanttocollateralrequirementsrelatedtocross-currencyswapcontracts,arealsoexcludedbymanagementinevaluatingFreeCashFlow.Netcapitalexpendituresconsistofcapitalexpenditureslessproceedsfromthesaleofproperty,plant,andequipment.Theseitemsaresubtractedbecausetheyrepresentlong-termcommitments.InthecalculationofFreeCashFlow,wesubtractcertaincashitemsthatareultimatelywithinmanagement’sandtheBoardofDirectors’discretiontodirectandmayimplythatthereislessormorecashavailableforourprogramsthanthemostcomparableGAAPfinancialmeasureindicates.ItshouldnotbeinferredthattheentireFreeCashFlowamountisavailableforfuturediscretionaryexpenditures,asourdefinitionofFreeCashFlowdoesnotconsidercertainnon-discretionaryexpenditures,suchasdebtpayments.Inaddition,wemayhaveotherdiscretionaryexpenditures,suchasdiscretionarydividends,sharerepurchases,andbusinessacquisitions,thatarenotconsideredinthecalculationofFreeCashFlow.•FreeCashFlowConversion–representstheratioofFreeCashFlowtoAdjustedIncome(Loss)fromContinuingOperations.WeuseFreeCashFlowConversionasanindicatorofourabilitytoconvertearningstocash.•AdjustedReturnonInvestedCapital(ROIC)–representsadjustednetoperatingprofitaftertaxdividedbyaverageinvestedcapital.WeuseAdjustedReturnonInvestedCapitalasanindicatorofourcapitalefficiency.AdjustedReturnonInvestedCapitalisnotameasuredefinedbyGAAP.Itiscalculatedbyus,inpart,usingnon-GAAPfinancialmeasures.WeareprovidingourcalculationofAdjustedReturnonInvestedCapitalasthismeasuremaynotbedefinedandcalculatedbyothercompaniesinthesamemanner.Non-GAAPFinancialMeasures(cont.)

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.SegmentSummary19TransportationSolutions$1,865$1,896$6,845$7,821IndustrialSolutions9591,0143,7133,954CommunicationsSolutions4373901,6141,673Total$3,261$3,300$12,172$13,448TransportationSolutions$19810.6%$27014.2%$(93)(1.4)%$1,22615.7%IndustrialSolutions858.915014.841211.154313.7CommunicationsSolutions6414.6246.221813.520912.5Total$34710.6%$44413.5%$5374.4%$1,97814.7%TransportationSolutions$24513.1%$33417.6%$95213.9%$1,40117.9%IndustrialSolutions13313.915715.552214.162115.7CommunicationsSolutions9521.74712.126016.125815.4Total$47314.5%$53816.3%$1,73414.2%$2,28017.0%2020FortheYearEnded2019FortheQuartersEndedSeptember25,September27,September25,September27,NetSalesOperatingIncomeNetSalesNetSalesNetSalesIncome(1)AdjustedOperatingIncome(1)IncomeOperatingOperatingIncomeOperatingIncome(Loss)(1)Adjustedoperatingincomeandadjustedoperatingmarginarenon-GAAPfinancialmeasures.Seedescriptionofnon-GAAPfinancialmeasures.20202019($inmillions)OperatingMargin(1)AdjustedOperatingMargin(1)AdjustedOperatingIncome(1)AdjustedOperatingAdjustedOperatingIncome(1)OperatingMarginOperatingMarginOperatingMarginOperatingMarginAdjustedOperatingMargin(1)AdjustedOperatingMargin(1)Adjusted

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofNetSalesGrowth20TransportationSolutions(3):Automotive$(38)(2.8)%$(61)(4.2)%$23$-Commercialtransportation(17)(6.0)(17)(6.0)--Sensors2410.0(39)(16.5)360Total(31)(1.6)(117)(6.0)2660IndustrialSolutions(3):Aerospace,defense,oil,andgas(39)(11.2)(43)(12.5)4-Industrialequipment(2)(0.7)(6)(2.2)4-Medical(16)(8.6)(16)(8.6)--Energy21.1--2-Total(55)(5.4)(65)(6.4)10-CommunicationsSolutions(3):Dataanddevices208.3177.13-Appliances2718.02718.0--Total4712.14411.33-Total$(39)(1.2)%$(138)(4.1)%$39$60TransportationSolutions(3):Automotive$(783)(13.8)%$(742)(12.9)%$(41)$-Commercialtransportation(170)(13.9)(176)(14.4)(21)27Sensors(23)(2.5)(148)(16.3)(3)128Total(976)(12.5)(1,066)(13.5)(65)155IndustrialSolutions(3):Aerospace,defense,oil,andgas(105)(8.0)(100)(7.8)(5)-Industrialequipment(144)(11.6)(133)(10.7)(11)-Medical(10)(1.4)(9)(1.3)(1)-Energy182.6304.3(12)-Total(241)(6.1)(212)(5.4)(29)-CommunicationsSolutions(3):Dataanddevices(20)(2.0)(23)(2.5)3-Appliances(39)(5.7)(31)(4.4)(8)-Total(59)(3.5)(54)(3.2)(5)-Total$(1,276)(9.5)%$(1,332)(9.9)%$(99)$155(1)Organicnetsalesgrowth(decline)isanon-GAAPfinancialmeasure.Seedescriptionofnon-GAAPfinancialmeasures.(2)Representsthechangeinnetsalesresultingfromchangesinforeigncurrencyexchangerates.(3)Industryendmarketinformationispresentedconsistentlywithourinternalmanagementreportingandmaybeperiodicallyrevisedasmanagementdeemsnecessary.($inmillions)NetSalesGrowth(Decline)OrganicNetSalesGrowth(Decline)(1)ChangeinNetSalesfortheQuarterEndedSeptember25,2020versusNetSalesfortheQuarterEndedSeptember27,2019NetSalesOrganicNetSalesGrowth(Decline)Growth(Decline)(1)Translation(2)AcquisitionsChangeinNetSalesfortheYearEndedSeptember25,2020versusNetSalesfortheYearEndedSeptember27,2019($inmillions)Translation(2)Acquisitions

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofNon-GAAPFinancialMeasurestoGAAPFinancialMeasuresfortheQuarterEndedSeptember25,202021Operatingincome:TransportationSolutions$198$11$36$-$245IndustrialSolutions85246-133CommunicationsSolutions64-31-95Total$347$13$113$-$473Operatingmargin10.6%14.5%Incometaxexpense$(109)$(4)$(21)$56$(78)Effectivetaxrate32.3%16.8%Incomefromcontinuingoperations$228$9$92$56$385Dilutedearningspersharefromcontinuingoperations$0.69$0.03$0.28$0.17$1.16(3)Seedescriptionofnon-GAAPfinancialmeasures.(1)Thetaxeffectofeachnon-GAAPadjustmentiscalculatedbasedonthejurisdictionsinwhichtheexpense(income)isincurredandthetaxlawsineffectforeachsuchjurisdiction.U.S.GAAPCharges(1)(Non-GAAP)(3)Charges,Net(1)TaxItems(2)($inmillions,exceptpersharedata)(2)Incometaxexpenserelatedtoincreasestothevaluationallowanceforcertaindeferredtaxassets.AdjustmentsandOtherAdjustedRelatedAcquisition-Restructuring

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofNon-GAAPFinancialMeasurestoGAAPFinancialMeasuresfortheQuarterEndedSeptember27,201922Acquisition-RelatedChargesandOtherItems(1)(2)Operatingincome:TransportationSolutions$270$18$46$-$334IndustrialSolutions15043-157CommunicationsSolutions24122-47Total$444$23$71$-$538Operatingmargin13.5%16.3%Incometaxexpense$(61)$(5)$(15)$1$(80)Effectivetaxrate14.0%15.1%Incomefromcontinuingoperations$376$18$56$1$451Dilutedearningspersharefromcontinuingoperations$1.11$0.05$0.17$-$1.33andOtherRestructuringTaxItems(3)Seedescriptionofnon-GAAPfinancialmeasures.(2)Includesacquisition-relatedchargesof$6millionandawrite-offofsparepartsof$17million.(1)Thetaxeffectofeachnon-GAAPadjustmentiscalculatedbasedonthejurisdictionsinwhichtheexpense(income)isincurredandthetaxlawsineffectforeachsuchjurisdiction.U.S.GAAPAdjustmentsAdjusted(Non-GAAP)(3)($inmillions,exceptpersharedata)Charges,Net(1)

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofNon-GAAPFinancialMeasurestoGAAPFinancialMeasuresfortheQuarterEndedJune26,202023Operatingincome(loss):TransportationSolutions$(1)$6$55$-$60IndustrialSolutions70240-112CommunicationsSolutions65-3-68Total$134$8$98$-$240Operatingmargin5.3%9.4%Otherincome,net$4$-$-$-$4Incometaxexpense$(185)$(1)$(21)$170$(37)Effectivetaxrate145.7%15.9%Income(loss)fromcontinuingoperations$(58)$7$77$170$196Dilutedearnings(loss)persharefromcontinuingoperations(3)$(0.18)$0.02$0.23$0.51$0.59Restructuring($inmillions,exceptpersharedata)U.S.GAAPAcquisition-RelatedCharges(1)Charges,Net(1)Adjustments(2)Incometaxexpenserelatedtoanincreasetothevaluationallowanceforcertainnon-U.S.deferredtaxassets.(3)U.S.GAAPdilutedsharesexcludesonemillionofnonvestedshareawardsandoptionsoutstandingastheinclusionofthesesecuritieswouldhavebeenantidilutivebecauseofourlossduringtheperiod.Suchamountsareincludedinadjusted(non-GAAP)dilutedshares.(4)Seedescriptionofnon-GAAPfinancialmeasures.Adjusted(Non-GAAP)(4)(1)Thetaxeffectofeachnon-GAAPadjustmentiscalculatedbasedonthejurisdictionsinwhichtheexpense(income)isincurredandthetaxlawsineffectforeachsuchjurisdiction.TaxItems(2)andOther

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofNon-GAAPFinancialMeasurestoGAAPFinancialMeasuresfortheYearEndedSeptember25,202024Operatingincome(loss):TransportationSolutions$(93)$32$113$900$-$952IndustrialSolutions4128102--522CommunicationsSolutions218-42--260Total$537$40$257$900$-$1,734Operatingmargin4.4%14.2%Otherincome,net$20$-$-$-$(8)$12Incometaxexpense$(783)$(8)$(46)$(4)$550$(291)Effectivetaxrate149.4%17.0%Income(loss)fromcontinuingoperations$(259)$32$211$896$542$1,422Dilutedearnings(loss)persharefromcontinuingoperations(3)$(0.78)$0.10$0.63$2.68$1.62$4.26($inmillions,exceptpersharedata)(4)Seedescriptionofnon-GAAPfinancialmeasures.U.S.GAAPAdjustmentsCharges(1)RestructuringandOtherCharges,Net(1)RelatedTaxItems(2)(Non-GAAP)(4)Adjusted(1)Thetaxeffectofeachnon-GAAPadjustmentiscalculatedbasedonthejurisdictionsinwhichtheexpense(income)isincurredandthetaxlawsineffectforeachsuchjurisdiction.(2)Includes$355millionofincometaxexpenserelatedtothetaximpactsofcertainmeasuresofSwisstaxreformand$226millionofincometaxexpenserelatedtoincreasestothevaluationallowanceforcertaindeferredtaxassets,partiallyoffsetbya$31millionincometaxbenefitrelatedtopre-separationtaxmattersandtheterminationofthetaxsharingagreementwithTycoInternationalandCovidien.Acquisition-ImpairmentofGoodwill(1)(3)U.S.GAAPdilutedsharesexcludestwomillionofnonvestedshareawardsandoptionsoutstandingastheinclusionofthesesecuritieswouldhavebeenantidilutivebecauseofourlossduringtheperiod.Suchamountsareincludedinadjusted(non-GAAP)dilutedshares.

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.Acquisition-RelatedChargesRestructuringandOtherandOtherTaxAdjustedU.S.GAAPItems(1)(2)Charges,Net(1)Items(3)(Non-GAAP)(4)Operatingincome:TransportationSolutions1,226$31$144$-$1,401$IndustrialSolutions5431563-621CommunicationsSolutions209148-258Total1,978$47$255$-$2,280$Operatingmargin14.7%17.0%Otherincome,net2$-$-$-$2$Incometax(expense)benefit15$(9)$(61)$(291)$(346)$Effectivetaxrate(0.8)%15.5%Incomefromcontinuingoperations1,946$38$194$(291)$1,887$Dilutedearningspersharefromcontinuingoperations5.72$0.11$0.57$(0.86)$5.55$Adjustments(4)Seedescriptionofnon-GAAPfinancialmeasures.($inmillions,exceptpersharedata)(1)Thetaxeffectofeachnon-GAAPadjustmentiscalculatedbasedonthejurisdictionsinwhichtheexpense(income)isincurredandthetaxlawsineffectforeachsuchjurisdiction.(3)Includesa$216millionincometaxbenefitrelatedtothetaximpactsofcertainmeasuresofSwisstaxreform,a$90millionincometaxbenefitrelatedtotheeffectivesettlementofataxauditinanon-U.S.jurisdiction,and$15millionofincometaxexpenseassociatedwiththetaximpactsofcertainlegalentityrestructuringsandintercompanytransactions.(2)Includesacquisition-relatedchargesof$30millionandawrite-offofsparepartsof$17million.ReconciliationofNon-GAAPFinancialMeasurestoGAAPFinancialMeasuresfortheYearEndedSeptember27,201925

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofNon-GAAPFinancialMeasurestoGAAPFinancialMeasuresfortheQuarterEndedDecember27,201926Operatingincome:TransportationSolutions$316$5$4$-$325IndustrialSolutions115215-132CommunicationsSolutions40-5-45Total$471$7$24$-$502Operatingmargin14.9%15.8%Otherincome,net$5$-$-$-$5Incometaxexpense$(447)$(1)$-$355$(93)Effectivetaxrate95.1%18.6%Incomefromcontinuingoperations$23$6$24$355$408Dilutedearningspersharefromcontinuingoperations$0.07$0.02$0.07$1.05$1.21U.S.GAAPAcquisition-RelatedCharges(1)Adjustments(3)Seedescriptionofnon-GAAPfinancialmeasures.(1)Thetaxeffectofeachnon-GAAPadjustmentiscalculatedbasedonthejurisdictionsinwhichtheexpense(income)isincurredandthetaxlawsineffectforeachsuchjurisdiction.(2)IncometaxexpenserelatedtothetaximpactsofcertainmeasuresofSwisstaxreform.Adjusted(Non-GAAP)(3)($inmillions,exceptpersharedata)RestructuringandOtherCharges,Net(1)TaxItems(2)

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofFreeCashFlow27Netcashprovidedbyoperatingactivities:Netcashprovidedbycontinuingoperatingactivities$380$719$879$1,991$2,454Netcashprovidedby(usedin)discontinuedoperatingactivities-1(1)1(32)3807208781,9922,422Netcashusedininvestingactivities(81)(117)(153)(865)(692)Netcashusedinfinancingactivities(625)(135)(334)(1,105)(1,643)Effectofcurrencytranslationoncash43(10)(4)(8)Netincrease(decrease)incash,cashequivalents,andrestrictedcash$(322)$471$381$18$79Netcashprovidedbycontinuingoperatingactivities$380$719$879$1,991$2,454Excluding:Cash(collected)paidpursuanttocollateralrequirementsrelatedtocross-currencyswapcontracts2739(39)34(132)Capitalexpenditures,net(127)(110)(152)(543)(706)Freecashflow(1)$280$648$688$1,482$1,616September25,2020September27,2019September25,(1)Freecashflowisanon-GAAPfinancialmeasure.Seedescriptionofnon-GAAPfinancialmeasures.FortheYearEnded20202019September27,(inmillions)June26,2020FortheQuartersEnded

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.FreeCashFlowConversion28Freecashflow(1)$1,482Adjustedincomefromcontinuingoperations(1)$1,422Freecashflowconversion(1)104.2%FortheYearEndedSeptember25,2020($inmillions)(1)Seedescriptionofnon-GAAPfinancialmeasures.

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofAdjustedEBITDAandAdjustedEBITDAMargin29Netincome(loss)$(41)$230$372$(241)$1,844(Income)lossfromdiscontinuedoperations(17)(2)4(18)102Incometaxexpense(benefit)18510961783(15)Otherincome,net(4)--(20)(2)Interestexpense1312134868Interestincome(2)(2)(6)(15)(19)Operatingincome1343474445371,978Acquisition-relatedchargesandotheritems813234047Restructuringandothercharges,net9811371257255Impairmentofgoodwill---900-Adjustedoperatingincome(1)2404735381,7342,280Depreciationandamortization(2)176181175711687AdjustedEBITDA(1)$416$654$713$2,445$2,967Netsales$2,548$3,261$3,300$12,172$13,448Netincome(loss)asapercentageofnetsales(1.6)%7.1%11.3%(2.0)%13.7%AdjustedEBITDAmargin(1)16.3%20.1%21.6%20.1%22.1%Operatingincome$198$85$64$347$270$150$24$444Acquisition-relatedchargesandotheritems112-13184123Restructuringandothercharges,net3646311134632271Impairmentofgoodwill--------Adjustedoperatingincome(1)2451339547333415747538Depreciationandamortization12045161811144516175AdjustedEBITDA(1)$365$178$111$654$448$202$63$713Netsales$1,865$959$437$3,261$1,896$1,014$390$3,300Operatingmargin10.6%8.9%14.6%10.6%14.2%14.8%6.2%13.5%Adjustedoperatingmargin(1)13.1%13.9%21.7%14.5%17.6%15.5%12.1%16.3%AdjustedEBITDAmargin(1)19.6%18.6%25.4%20.1%23.6%19.9%16.2%21.6%($inmillions)FortheQuartersEndedFortheYearsEndedJune26,September25,September27,September25,September27,20202020201920202019FortheQuartersEndedSeptember25,2020September27,2019TransportationIndustrialCommunicationsTransportationIndustrial($inmillions)(1)Seedescriptionofnon-GAAPfinancialmeasures.(2)Excludesnon-cashamortizationassociatedwithfairvalueadjustmentsrelatedtoacquiredcustomerorderbacklogof$3millionfortheyearendedSeptember27,2019asthesechargesareincludedintheacquisition-relatedchargesandotheritemsline.CommunicationsSolutionsSolutionsSolutionsTotalSolutionsSolutionsSolutionsTotal

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.AdjustedReturnonInvestedCapital(ROIC)30Operatingincome(loss)$347$134$(415)$471$444$520$530$484Acquisition-relatedchargesandotheritems13812723996Restructuringandothercharges,net11398222471674275Impairmentofgoodwill--900-----Adjustedoperatingincome(1)$473$240$519$502$538$596$581$565Amortizationexpense$45$46$46$45$45$45$45$45Adjustment(2)------(2)(1)Adjustedamortizationexpense$45$46$46$45$45$45$43$44Adjustedoperatingincomeplusadjustedamortizationexpense$518$286$565$547$583$641$624$609Income(loss)fromcontinuingoperationsbeforeincometaxes$337$127$(410)$470$437$513$520$461Acquisition-relatedchargesandotheritems13812723996Restructuringandothercharges,net11398222471674275Impairmentofgoodwill--900-----Taxitems--(8)-----Adjustedincomefromcontinuingoperationsbeforeincometaxes$463$233$516$501$531$589$571$542Incometaxespaid,netofrefunds$62$51$101$43$61$100$102$75Adjustedcashtaxrate13.4%21.9%19.6%8.6%11.5%17.0%17.9%13.8%Adjustednetoperatingprofitaftertaxes$449$223$454$500$516$532$513$525Trailingfourquarteradjustednetoperatingprofitaftertaxes$1,626$2,086Totaldebt$4,146$4,086$4,355$3,973$3,965$4,036$3,982$3,967TotalTEConnectivityLtd.shareholders'equity9,3839,0369,06610,55710,57010,6229,99410,236Investedcapital$13,529$13,122$13,421$14,530$14,535$14,658$13,976$14,203Trailingfourquarteraverageinvestedcapital$13,65114,343AdjustedROIC(1)11.9%14.5%2018June26,2020(1)Seedescriptionofnon-GAAPfinancialmeasures.September25,2020($inmillions)AsoforfortheQuartersEnded(2)Adjustmentfornon-cashamortizationassociatedwithfairvalueadjustmentsrelatedtoacquiredcustomerorderbacklogasthesechargesareincludedintheacquisition-relatedchargesandotheritemsline.March27,2020December27,2019September27,2019June28,2019March29,2019December28,

©2020TEConnectivity.Confidential&Proprietary.Donotreproduceordistributeexternallyincludingnon-authorizedrepresentativesanddistributors.Createasustainablefuturebylimitingprintcopies,andrecyclingpaper.ReconciliationofForward-LookingNon-GAAPFinancialMeasurestoForward-LookingGAAPFinancialMeasures31Dilutedearningspersharefromcontinuingoperations$0.83Restructuringandothercharges,net0.40Acquisition-relatedcharges0.02Adjusteddilutedearningspersharefromcontinuingoperations(2)$1.25Netsalesgrowth(decline)1.0%Translation(1.7)(Acquisitions)divestitures,net(1.3)Organicnetsalesgrowth(decline)(2)(2.0)%Effectivetaxrate19%Effectivetaxrateadjustments(3)-Adjustedeffectivetaxrate(2)19%(2)Seedescriptionofnon-GAAPfinancialmeasures.(3)Includesadjustmentsforspecialtaxitemsandthetaxeffectofacquisition-relatedchargesandnetrestructuringandothercharges,calculatedbasedonthejurisdictionsinwhichtheexpense(income)isincurredandthetaxlawsineffectforeachsuchjurisdiction.December25,2020(1)OutlookforFiscal2021(1)(1)OutlookisasofOctober28,2020.QuarterEndingOutlookfor

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