Plexus (PLXS) 47th Annual Raymond James Institutional Investor Conference summary

Company overview and market focus

• Designs, manufactures, and services complex electronic and electromechanical products for healthcare, industrial, and aerospace/defense sectors.

• Healthcare products often meet Class II and III regulatory requirements, including robotic-assisted surgery systems.

• Industrial segment is driven by semiconductor capital equipment, industrial automation, and energy management.

• Aerospace and defense focus on commercial aerospace, defense guidance, unmanned systems, and commercial space.

• Targets annual revenue growth of 9%-12%, operating margin of 6%+, and 15% ROIC.

Market trends and growth drivers

• Recent years saw flat growth, but current momentum is strong due to ramping programs and new wins.

• Semiconductor capital equipment and commercial space are experiencing robust growth.

• Healthcare and defense markets show positive trends, while industrial remains mixed.

• Commercial aerospace recovery could provide further upside.

• Growth is occurring even as not all market sectors are fully recovered.

Capacity expansion and supply chain strategy

• Recent investments include a new facility in Penang, Malaysia, and expansion in Thailand.

• New Penang site reached break-even quickly and can scale to $1 billion in capacity.

• Manufacturing footprint supports growth to $5–6 billion revenue, with focus on expanding existing locations.

• Nearshoring and regional supply chain strategies help manage uncertainty and customer needs.