Summary of Flex Ltd. Conference Call Company Overview - **Company**: Flex Ltd. - **Industry**: Data Center, Automotive, Health Solutions, Networking Key Points Data Center Market - Flex's data center business is projected to grow from $4.8 billion to $6.5 billion, representing a **35% year-over-year growth** after a **50% growth** the previous year [4][5] - The data center revenue composition includes **$3.5 billion** from assembly and **$1.3 billion** from power [4] - Flex's customer base includes **hyperscalers**, colocation providers, and silicon vendors, with a focus on custom applications rather than standard platforms [7][18] - The company has established relationships with multiple hyperscalers, reducing customer concentration risk [7] - Flex's recent acquisition of **JetCool** enhances its entry into enterprise-level relationships, particularly in liquid cooling [11] Competitive Landscape - Flex competes with major players like **ABB**, **Eaton**, and **Vertiv** in critical power, but differentiates itself by offering integrated solutions that include embedded power and IT rack integration [20] - The company focuses on custom applications for hyperscalers that develop their own silicon, which require more tailored solutions [18] Financial Outlook - A recent warrant agreement with **Amazon** is seen as a strong endorsement of Flex's potential in the data center sector, although specific details remain undisclosed [13][14] - Flex aims for a **20% CAGR** over the next four to five years, with current growth rates exceeding expectations [14] Automotive Market - The automotive sector is facing challenges due to macroeconomic conditions and policy changes, but Flex remains optimistic about its power platform's adaptability to both **EV** and **hybrid** applications [28][29] - The shift towards **software-defined vehicles** is creating opportunities for Flex to provide centralized compute platforms that support automotive customers [31][32] - Flex's largest customer base remains in North America, followed by Europe and China, with a focus on innovation in the Chinese EV market [36][38] Health Solutions - The health solutions segment is currently flat, with expectations for recovery driven by strength in the devices business, particularly in **continuous glucose monitoring** [44][45] - Flex anticipates mid-single-digit growth in health solutions over the next few years, with optimism around drug delivery advancements [46][47] Networking and Manufacturing Trends - Flex is experiencing improvements in the networking sector, with a shift towards higher complexity manufacturing and regionalized production in response to changing market demands [40][41] - The company is investing in automation and data harmonization to enhance manufacturing efficiency, particularly in new regions like Mexico and the U.S. [58][59] Margin and Profitability - Flex has achieved a **6% margin**, which is a significant improvement from previous years, driven by a shift towards higher-margin businesses [64][65] - The company is focused on continuing to enhance its margin profile through strategic shifts in its portfolio [64] Conclusion - Flex Ltd. is positioned for strong growth across its data center and automotive segments, with a diversified customer base and a focus on integrated solutions. The company is adapting to market changes and investing in technology to maintain its competitive edge while improving profitability.

Core Points - Flex will participate in two upcoming investor conferences, including the J.P. Morgan Rising Tech Leaders Forum and the Goldman Sachs 2025 Communacopia + Technology Conference [1] - A general investor presentation has been published and is available on the Flex Investor Relations website [2] - Flex is a U.S. company headquartered in Austin, TX, providing manufacturing solutions across various industries and markets [3] Group 1: Investor Conferences - Flex will attend the J.P. Morgan Rising Tech Leaders Forum on September 4, 2025, with meetings only and no formal presentation or webcast [1] - The Goldman Sachs 2025 Communacopia + Technology Conference will take place on September 9, 2025, featuring a presentation at 1:05 PM PT / 3:05 PM CT, which will be available as a live webcast [1] Group 2: Investor Relations - A general investor presentation has been made available on the Flex Investor Relations website [2] Group 3: Company Overview - Flex is recognized as a manufacturing partner that aids a diverse customer base in designing and building products aimed at improving the world [3] - The company operates in 30 countries and focuses on responsible and sustainable operations, delivering technology innovation and manufacturing solutions across various sectors, including datacenter, lifestyle, consumer, industrial, automotive, and health solutions [3]

Core Points - Flex LNG Ltd. will trade ex-dividend of USD 0.75 per share on September 4, 2025, for shares on the Oslo Stock Exchange [1] - For shares traded on the New York Stock Exchange, the ex-dividend date is September 5, 2025, with payment scheduled for approximately September 18, 2025 [2] Company Overview - Flex LNG is a shipping company specializing in the Liquefied Natural Gas (LNG) market, operating a fleet of thirteen state-of-the-art LNG carriers [2] - The vessels utilize the latest generation two-stroke propulsion systems (MEGI and X-DF), which enhance fuel efficiency and reduce carbon footprint compared to older ship models [2]

Group 1 - Two Russian cruise missiles struck the U.S. company Flex's facility in Mukachevo, Ukraine, causing a large fire and injuring at least 15 people [1][3] - The Flex facility, established in 2012, employs thousands of workers and produces everyday items such as coffee machines [3] - Ukrainian President Zelensky emphasized the need for increased pressure on Russia for substantial negotiations, citing this attack as evidence that the situation remains unchanged [3]

Group 1 - Ukrainian President Zelensky reported a large-scale airstrike by Russian forces, involving 574 drones and 40 missiles targeting 14 locations in Ukraine, marking the largest attack since July 9 [1] - A U.S. electronics manufacturing company, Flex, was hit by Russian missiles in Mukachevo, resulting in at least 15 injuries. The factory has been operating in Ukraine for 13 years and employs over 2,600 people [2] - Zelensky emphasized that the attacked factory is a civilian enterprise producing everyday items, highlighting the ongoing nature of the conflict despite global efforts to halt it [3] Group 2 - President Trump suggested that Russia and Ukraine could enter peace negotiations without a prior ceasefire, citing his experience in resolving conflicts without preconditions [3][4] - Ukraine and the U.S. have a plan to produce 10 million drones annually over the next five years, with a total value of $50 billion, which will commence after a ceasefire [5] - Ukrainian special forces successfully targeted and injured a high-ranking Russian military officer, demonstrating ongoing military operations against Russian forces [6]

深夜突发。 据彭博社报道，当地时间8月21日凌晨4时40分左右，两枚俄罗斯巡航导弹击中美国伟创力公司设在乌克 兰穆卡切沃市的厂房。此次袭击引发大规模火灾，造成至少15人受伤。 当地时间8月21日消息，乌克兰总统泽连斯基在20日与记者的见面会上表示，关于乌克兰与俄罗斯举行 会晤的可能地点，乌方认为会晤地点应选择中立欧洲国家，如瑞士或奥地利，也不排除土耳其。但莫斯 科不可接受，布达佩斯目前也不现实。 图片来源：彭博社报道截图 据报道，乌克兰总统泽连斯基在社交媒体发文称："这是一家普通的民用企业，由美国投资设立，生产 咖啡机等日常用品。" 另据乌克兰《戈尔东》新闻网报道，遭袭的是美国电子制造业公司伟创力在乌克兰的工厂。该厂在乌克 兰已运行13年，占地5.5万平米，拥有2600多名员工。 泽连斯基：俄对乌再次发动大规模空袭 乌克兰总统泽连斯基21日在社交媒体发文称，20日晚至21日凌晨，俄军再次对乌克兰发动大规模空袭， 没有展现出结束战争的意愿。 泽连斯基称，俄军此次空袭涉及从乌南部扎波罗热州到西部沃伦州的多地，俄方"没有释放真正想要进 行有意义的谈判和结束这场战争的信号"。 乌克兰空军同日在社交媒体发文称，20日晚 ...

Core Viewpoint - The article highlights a recent attack on a U.S. company, Flex, located in Ukraine, emphasizing the ongoing conflict and the need for increased pressure on Russia for substantial negotiations [3][5]. Group 1: Incident Details - On August 21, two Russian cruise missiles struck the Flex facility in Mukachevo, Ukraine, resulting in a large fire and at least 15 injuries [3][5]. - The Flex factory, which produces everyday items like coffee machines, was established in 2012 and employs thousands of workers [6]. Group 2: Reactions and Implications - Ukrainian President Zelensky condemned the attack, stating it reflects the unchanged nature of the conflict and the necessity for more global efforts to halt the war [5]. - Zelensky used this incident to argue for increased pressure on Russia to engage in meaningful negotiations [5].

Group 1 - Ukrainian President Zelensky stated that the Russian military launched a large-scale airstrike against Ukraine from the night of the 20th to the early morning of the 21st, showing no intention to end the war [1] - The airstrike involved 574 drones and 40 missiles targeting multiple locations from Zaporizhia in the south to Volyn in the west, marking the largest scale of airstrikes since July 9 [1] - Ukrainian air defense intercepted 577 aerial targets, including 546 drones and 31 missiles, while Russian missiles and drones hit 11 locations, with debris striking 3 additional sites [1] Group 2 - A missile strike targeted a U.S. electronics manufacturing company, Flex, located in Mukachevo, resulting in at least 15 injuries [1] - The Flex factory has been operating in Ukraine for 13 years, covering an area of 55,000 square meters and employing over 2,600 staff [1]

Core Viewpoint - Flex LNG Ltd. reported its unaudited financial results for the second quarter of 2025, highlighting stable revenues and a solid financial position despite a soft spot market for LNG shipping [1][3]. Financial Performance - Second quarter revenues were $86 million, or $84 million excluding EUAs, with a Time Charter Equivalent (TCE) of approximately $72,000 per day, nearly unchanged from $84.7 million in the same quarter last year [3][4]. - Net income for the second quarter was $17.7 million, resulting in an earnings per share (EPS) of $0.33, compared to $18.7 million and $0.35 EPS in the first quarter [4]. - Adjusted EBITDA for the second quarter was $62.6 million, down from $65.6 million in the first quarter [4]. Operational Highlights - The company completed drydocking for Flex Aurora and Flex Resolute ahead of schedule, demonstrating effective management of off-hire periods [4][5]. - Flex Courageous was sold for $175 million under a sale and leaseback agreement, with a 10-year bareboat charter back [4][6]. Financing Activities - A new $180 million term loan facility was signed for Flex Constellation, with a 15.5-year tenor and an interest rate of SOFR plus 165 basis points [4][6]. - The company has a minimum charter backlog of 56 years, potentially extending to 85 years, which provides access to attractive financing opportunities [6]. Shareholder Returns - The Board authorized a share repurchase program of up to $15 million, valid through November 27, 2025 [4][7]. - A quarterly dividend of $0.75 per share was declared, payable on or about September 18, 2025, bringing the trailing twelve-month dividend to $3.00 per share [4][8].

Core Viewpoint - Flex LNG Ltd. has authorized a share buyback program allowing the repurchase of up to $15 million of its outstanding shares, which will be executed on the Oslo Stock Exchange and the New York Stock Exchange [1][2][3]. Group 1: Share Buyback Program Details - The share buyback program will commence on August 20, 2025, and continue through November 27, 2025, with a maximum limit of 900,000 shares to be repurchased [3]. - The shares purchased will be held as treasury shares, and the actual timing, number, and value of shares repurchased will depend on various factors including market conditions and compliance with regulations [3]. - The amount utilized for the share buyback will be treated independently from future dividend considerations, which remain at the discretion of the Board of Directors [4]. Group 2: Compliance and Regulations - The repurchase of shares on the Oslo Stock Exchange will comply with the Market Abuse Regulation (EU) No 596/2014, while repurchases on the NYSE will adhere to U.S. securities laws, including Rule 10b-18 [2][3].