#1#2#3Change in Presentation of Sales by Product Category During the first quarter of fiscal year 2024, the Company changed its presentation of Sales by Product Category to provide a simpler and clearer view of the Company's business. The change in presentation did not have an impact on previously reported total sales. These changes included reclassifications of sales between certain product categories resulting in the following: The Webcams category (previously PC Webcams) now includes PC webcams and VC webcams; -Headsets is a new category which includes PC headsets and VC headsets; The Mobile Speakers category is no longer a separate category as sales have been reclassified into the Other category; - The Audio & Wearables category is no longer a separate category as sales have been reclassified into other categories as discussed below. As a result of these changes, certain prior-period amounts have been reclassified to conform to the current period presentation. The following table presents the sales by product category under the new presentation and the previous presentation for the three months ended June 30, 2023 (in thousands): Gaming Keyboards & Combos Pointing Devices Video Collaboration Webcams (2) Tablet Accessories Headsets Other Mobile Speakers Audio & Wearables Total Net Sales Previous presentation 250,351 180,855 174,454 179,413 46,541 70,336 1,422 14,777 56,350 974,499 Reclassifications 16,078 (1) (40,067) (2) (3) 28,659 (3) 36,850 (2) 29,607 (4) (5) (14,777) (4) (56,350) (1) (2) (5) New presentation 266,429 180,855 174,454 139,346 75,200 70,336 36,850 31,029 974,499 (1) Reclassification of Blue Microphones from "Audio & Wearables" to the Gaming category. (2) Reclassification of VC headsets and PC headsets to the new Headsets category from "Video Collaboration" and "Audio & Wearables," respectively. (3) The Web ms category includes amounts previously reported "PC Webcams" as well as amounts from VC webcams reclassified from "Video Collaboration." (4) Reclassification of all amounts previously reported in "Mobile Speakers" to the Other category. (5) Reclassification of PC speakers previously reported in "Audio & Wearables" to the Other category. 2#4Quarterly Financial Trends Reflects Reclassification (1) Preliminary results * In $ millions except per share and % GAAP Results Net Sales Gross Margin Operating Expenses Operating Income Operating Margin Net Income Diluted EPS Avg. Diluted Shares Outstanding Non-GAAP Results Net Sales Gross Margin Operating Expenses Operating Income Operating Margin Net Income Diluted EPS Net Sales by Product Category (1) Gaming (2) Keyboards & Combos Pointing Devices Video Collaboration Webcams Tablet Accessories Headsets Other (3) Total Net Sales (4) Q1'19 608 36.8% 191 32 5.3% 38 $0.23 169 608 37.4% 167 61 9.9% 57 $0.34 136 128 128 41 45 32 22 76 608 Q2'19 691 864 37.1% 37.5% 191 201 65 123 14.3% 113 $0.67 169 9.4% 64 $0.38 169 691 37.6% 175 85 12.2% 83 $0.49 169 132 128 Q3'19 41 42 37 22 121 691 864 38.1% 186 143 16.6% 134 $0.79 238 144 149 55 49 36 23 170 864 Q4'19 624 37.3% 191 42 6.8% 42 $0.25 169 624 38.0% 173 64 10.3% 65 $0.38 151 132 132 49 48 23 22 68 624 Q1'20 644 37.1% 192 47 7.4% 45 $0.27 169 644 37.8% 176 67 10.4% 66 $0.39 147 129 122 55 43 38 21 89 644 Q2'20 720 37.8% 204 68 9.5% 73 $0.43 169 720 38.4% 187 89 12.4% 85 $0.50 176 139 133 72 42 34 24 100 720 Q3'20 903 37.1% 206 129 14.3% 118 $0.69 170 903 37.6% 188 152 16.8% 143 $0.84 262 156 155 73 48 31 22 155 903 Q4'20 709 39.0% 245 32 4.5% 214 $1.26 170 709 39.8% 203 79 11.1% 71 $0.42 162 148 135 83 61 32 29 59 709 Q1'21 792 38.6% 222 83 10.5% 72 $0.42 170 792 39.2% 193 117 14.8% 109 $0.64 202 145 120 74 106 46 38 60 792 Q2'21 Q3'21 1,257 45.3% 248 322 25.6% 267 $1.56 171 1,257 45.7% 221 354 28.1% 320 $1.87 333 202 169 140 180 83 63 87 1,257 1,667 44.9% 301 448 26.9% 383 $2.22 173 1,667 45.2% 278 476 28.6% 423 $2.45 496 218 214 162 242 138 69 128 1,667 Q4'21 1,536 46.3% 416 295 19.2% 226 $1.31 173 1,536 46.6% 391 325 21.2% 251 $1.45 373 219 178 223 287 117 67 70 1,536 Q1'22 1,312 43.4% 366 203 15.5% 187 $1.09 172 1,312 43.8% 340 235 17.9% 210 $1.22 373 218 183 148 184 79 59 67 1,312 Note: These preliminary results for the three months ended June 30, 2023 are subject to adjustments, including subsequent events that may occur through the date of filing of our Quarterly Report on Form 10-Q. 1. Reflects Change in Presentation of Sales by Product Category (see prior slide). As a result of this change, certain prior-period amounts have been reclassified to the current period presentation. 2. Gaming includes streaming services revenue generated by Streamlabs. 3. Other primarily consists of mobile speakers and PC speakers. 4. These reclassifications do not impact our previously reported Total Net Sales. Individual amounts may not add up to the total Net Sales due to rounding. Q2'22 1,306 41.5% 363 179 13.7% 139 $0.81 171 1,306 42.0% 337 211 16.2% 180 $1.05 361 236 189 146 166 81 50 77 1,306 Q3'22 1,633 40.6% 361 302 18.5% 263 $1.55 1,633 40.3% 395 263 16.1% 210 1,230 1,160 40.2% 39.6% 365 344 129 115 10.5% 10.0% 108 101 $1.24 $0.64 $0.61 170 169 166 502 282 Q4'22 231 200 188 83 51 96 1,633 Q1'23 1,230 1,160 40.5% 40.0% 342 319 156 146 12.7% 12.6% 136 $0.81 123 $0.74 341 231 178 174 137 67 48 54 1,230 298 228 183 182 109 67 46 47 1,160 Q2'23 1,149 38.2% 311 127 11.1% 82 $0.50 164 1,149 38.6% 287 156 13.6% 138 $0.84 322 201 185 179 102 54 45 61 1,149 Q3'23 1,270 37.6% 301 177 13.9% 140 $0.86 163 1,270 37.9% 278 204 16.1% 185 $1.14 412 220 199 174 94 65 47 59 1,270 Q4'23 Q1'24 960 35.8% 305 39 4.0% 41 $0.26 162 960 36.3% 266 82 8.6% 81 $0.50 256 188 161 144 73 68 39 31 960 974 38.5% 297 78 8.0% 63 $0.39 160 974 39.0% 271 109 11.2% 103 $0.65 266 181 174 139 75 70 37 31 974 3#5Cash Flow and Operational Trends Preliminary results * In $ millions except working capital metrics Balance Sheet Cash and Cash Equivalents Debt Accounts Receivable Inventory Accounts Payable Net Working Capital (1) Working Capital Metrics Days Sales Outstanding Days of Inventory Days Payables Outstanding Cash Conversion Cycle Cash Flow from Operations Capital Return Dividends Paid Shares Repurchased Total Capital Return LTM Capital Return Q1'21 809 0 500 271 430 342 57 50 80 27 119 0 0 0 159 Q2'21 917 0 751 395 663 483 54 52 87 19 280 147 22 169 204 Q3'21 1,389 0 895 477 812 560 48 47 80 15 530 0 50 50 255 Q4'21 1,750 0 612 661 823 450 36 72 90 18 530 0 92 92 311 Q1'22 1,498 0 546 779 710 615 37 94 86 45 (115) 0 55 55 366 Q2'22 1,137 0 728 828 661 895 50 97 78 69 (63) 159 120 279 476 Q3'22 1,364 0 846 835 739 942 47 77 68 56 377 0 116 116 542 Q4'22 1,329 0 676 933 636 972 49 114 78 85 100 0 121 121 571 Q1'23 1,107 0 707 917 559 1,065 55 118 72 101 (36) 0 121 121 637 1. Net Working Capital is defined here as Accounts Receivables + ventory - Accounts Payable. Note: These preliminary results for the three months ended June 30, 2023 are subject to adjustments, including subsequent events that may occur through the date of filing of our Quarterly Report on Form 10-Q. Q2'23 869 0 773 880 547 1,106 61 112 69 104 73 159 117 276 634 Q3'23 1,036 0 802 798 491 1,109 57 91 56 92 280 0 90 90 608 Q4'23 1,149 0 630 683 407 906 59 100 59 100 217 0 91 91 578 Q1'24 1,251 0 563 572 387 748 52 86 58 80 240 0 95 95 552 4#6#7FORWARD-LOOKING STATEMENTS AND GAAP TO NON-GAAP RECONCILIATION NOTES *Note: These preliminary results for the three months ended June 30, 2023 are subject to adjustments, including subsequent events that may occur through the date of filing of our Quarterly Report on Form 10-Q. Forward Looking Statements This presentation includes forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding our preliminary financial results for the three months ended June, 2023; full year and first half Fiscal Year 2024 outlook for sales and non-GAAP operating income; growth expectations; business strategy, including but not limited to design led engineering and product innovation, manufacturing and operations, global go-to-market capabilities, and capital allocation strategy; trends in our business; and related assumptions. These statements are subject to risks and uncertainties that may cause actual results and events to differ materially, including without limitation: macroeconomic and geopolitical conditions and other factors and their impact, for example changes in inflation levels and monetary policies; our expectations regarding our expense reduction efforts, including the timing thereof; changes in secular trends that impact our business; if our product offerings, marketing activities and investment prioritization decisions do not result in the sales, profitability or profitability growth we expect, or when we expect it; if we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories; if we do not successfully execute on our growth opportunities or our growth opportunities are more limited than we expect; the effect of demand variability, supply shortages and other supply chain challenges; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if we are not able to maintain and enhance our brands; if our products and marketing strategies fail to separate our products from competitors' products; if we do not efficiently manage our spending; our expectations regarding our restructuring efforts, including the timing thereof; if there is a deterioration of business and economic conditions in one or more of our sales regions or product categories, or significant fluctuations in exchange rates; changes in trade regulations, policies and agreements and the imposition of tariffs that affect our products or operations and our ability to mitigate; if we do not successfully execute on strategic acquisitions and investments; risks associated with acquisitions; and the effect of changes to our effective income tax rates. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in Logitech's periodic filings with the Securities and Exchange Commission ("SEC"), including our Annual Report on Form 10-K for the fiscal year ended March 31, 2023, and our subsequent reports filed with the SEC, available at www.sec.gov, under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this presentation. Non-GAAP Financial Measures To facilitate comparisons to Logitech's historical results, we have included non-GAAP adjusted measures in this presentation, which exclude share-based compensation expense, amortization of intangible assets, acquisition-related costs, restructuring charges, net, loss (gain) on investments, non-GAAP income tax adjustment, and other items detailed under "Supplemental Financial Information" in our earnings press release posted to our website under "Quarterly Results" at http://ir.logitech.com. We also present percentage sales growth in constant currency ("CC"), a non-GAAP measure, to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period's average exchange rate for that currency and comparing that to current period sales. Logitech believes this information will help investors to evaluate its current period performance, outlook and trends in its business. With respect to our outlook for non-GAAP operating income, most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy. Therefore, no reconciliation to the GAAP amounts has been provided for the first half of Fiscal Year 2024 and full Fiscal year 2024 non-GAAP operating income outlook. Q1 FISCAL YEAR 2024 (QUARTER ENDED June 30, 2023) 6