Avnet (AVT) Investor Presentation - Slideshow

Company Overview and Strategy - Avnet is a leading global technology solutions company focusing on design, product marketing, and supply chain expertise[25] - The company's vision is to be the preferred distributor partner at the center of the world's technology design and supply chains[30] - Avnet aims to deliver superior service by enabling design and supply chain technology solutions that improve life experiences globally[31] - Avnet's strategic priorities include driving results, cultivating people, accelerating core business, expanding Farnell, and growing high service & new market segments[60] Market Dynamics and Growth - The served total available market (TAM) is expected to grow by 8.3% in 2022 to approximately $500 billion, and by 4.7% in 2023 to approximately $520 billion[71] - Avnet is focusing on high-growth markets like Industrial and Automotive, with a combined CAGR of 9% and a $141 billion increase[69] - Avnet Americas experienced a 40% year-over-year revenue growth in Q3 FY22[74] Farnell Business - Farnell has a revenue run rate of $1.8 billion and an operating income margin of 13.2%[156] - Farnell is targeting $3 billion in revenue with a 15%-18% CAGR over the next 3-4 years[164] Financial Performance and Targets - Avnet generated approximately $1.8 billion in cash, increased its dividend by approximately 35%, and reduced its share count by approximately 17% from FY18 to FY22E[184] - The company's medium-term financial targets include a revenue growth CAGR of 5%-8% and an adjusted operating margin exceeding 5%[196] - Avnet plans to reinvest in growth through distribution center efficiency, eCommerce systems, and smaller tuck-in acquisitions[197]