Flex (FLEX) AGM presentation summary

Strategic transformation and value creation

• Achieved record financial results in FY26, including 98% one-year TSR and $1.2B adjusted net income.

• Executed a spin-off strategy to create two focused companies, unlocking $8.5B in value since announcement.

• CEO's supplemental equity award directly tied to exceeding long-term CPI/data center profit targets by over 20%.

• SpinCo positioned as a high-growth digital and electrical infrastructure company.

• Flex sharpened its portfolio for higher-growth, higher-return opportunities.

CEO leadership and compensation alignment

• CEO award designed to reinforce execution of the CPI/data center strategy and long-term shareholder value.

• Share price grew 160% and market value increased by $26.7B since the award grant.

• Award cliff vests based on FY28 performance, with payout caps tied to relative TSR.

• CEO retained as Board Chair post-spin for leadership continuity.

• Built two world-class management teams for both entities.

Financial and market performance

• Delivered +1,534% TSR and created $40.5B in market value under current CEO's tenure.

• $100 invested at CEO's start is now worth $1,634.

• Outperformed both median peers and S&P 500 by over 1,100 points in TSR.

• Returned $5.02B to investors through buybacks.

• Achieved 187% adjusted EPS growth and 103% adjusted operating income growth since FY19.