Q4 & FY'20 Results November 10, 2020 Today's Presenters Kurt Adzema EVP & CFO Jure Sola Chairman & CEO Safe Harbor Statement Certain statements made during this presentation, including the Company's outlook for the first quarter fiscal 2021 financial results, constitutes forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of fa ...

Financial Data and Key Metrics Changes - Q4 revenue was $1.875 billion, up 13.3% sequentially, exceeding the outlook of $1.73 to $1.83 billion [18] - Q4 non-GAAP gross margin improved from 8.1% to 8.3% due to management's focus on efficiencies and favorable product mix [18] - Q4 non-GAAP operating margin improved from 4.6% to 5.1% [19] - Q4 non-GAAP fully diluted EPS increased from $0.86 to $1.10, exceeding the prior outlook of $0.73 to $0.83 [20] - FY20 revenues were $7 billion compared to $8.2 billion in FY19, with non-GAAP gross margin improving from 7.3% to 7.7% [21][22] Business Line Data and Key Metrics Changes - Integrated Manufacturing Solutions (IMS) revenue grew approximately 14%, with non-GAAP gross margins improving from 7% to 7.2% [23] - Components Products and Services revenues grew approximately 9%, with non-GAAP gross margin improving from 12% to 12.4% [23] Market Data and Key Metrics Changes - Strong growth was observed in industrial, medical, defense, automotive, and communication networks, while cloud solutions experienced a decline due to timing issues [40] - The top-10 customers represented 57.1% of total revenue, indicating a diversified customer base [41] Company Strategy and Development Direction - The company plans to reorganize into three key focus groups to maximize shareholder value and drive growth [49][52] - Management emphasizes safety, customer satisfaction, operating margin improvement, and free cash flow generation as key priorities [39] - The company aims to leverage existing manufacturing capacity and maintain a disciplined approach to capital expenditures [29] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about fiscal year 2021, citing stable demand across key markets and a strong pipeline of opportunities [46] - The company is adapting well to the challenges posed by COVID-19 and is focused on improving operational efficiencies [37][55] Other Important Information - Cash and cash equivalents were approximately $481 million at the end of Q4, with a low debt to cash ratio of 0.7 [25][26] - The company generated approximately $80 million of cash from operations in Q4 and $301 million for the full fiscal year [27][28] Q&A Session Summary Question: Insights on the communications network segment - Management noted a diversified customer base in the communications network segment, with stable demand observed in optical and networking products, including improvements in 5G networks [58][59] Question: Long-term view on the defense business - The company plans to grow the defense business both organically and through strategic acquisitions, emphasizing its strong position in military and space technology [60][63] Question: Performance in industrial medical defense automotive segment - Management highlighted strong growth in this segment, driven by effective execution and flexibility in meeting customer demands during COVID-19 [64][65] Question: Cloud business performance and outlook - The cloud segment experienced a decline due to order deferments, attributed to timing and market dynamics, but management remains committed to growth in this area [66][67] Question: Changes in management and company direction - Management is implementing changes to enhance focus on business segments and improve customer relationships, while maintaining strong performance [71][72] Question: New opportunities and customer expansion - The company is seeing new opportunities in both existing and new customers, particularly in the medical and defense sectors [74] Question: Strength in 5G networks - Management confirmed growth in 5G networks, primarily driven by existing customers, with expectations for continued expansion [75]

| --- | --- | --- | --- | --- | --- | --- | |---------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Sanmina | | | | | | | | Q3 FY20 | | | | | | | | | | | | | | | | Results | | | | | | | | | | | | | | | | July 29, 2020 | | | | | | | WHAT WE MAKE, MAKES A DIFFERENCE Concept to Delivery / Advanced Technology / Manufacturing & Global Supply Chain Solutions / Systems & Intelligence Safe Harbor Statement Certain statements made during thi ...

Sanmina Corporation (NASDAQ:SANM) Q3 2020 Earnings Conference Call July 29, 2020 5:00 PM ET Company Participants Paige Melching - Senior Vice President, Marketing and Investor Communications Hartmut Liebel - Chief Executive Officer Kurt Adzema - Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Jim Suva - Citigroup Christian Schwab - Craig-Hallum Operator Ladies and gentlemen, thank you for standing by and welcome to the Sanmina CorporationÂ's Third Quarter Fiscal 202 ...