Q2 FY24 Earnings Presentation

Q3 FY24 guidance Q3 financial guidance – TOTAL FLEX (includes Nextracker contribution) REVENUE $6.5B $6.9B - - ADJ. OPERATING INCOME A $375M - $425M | ADJ. EARNINGS PER SHARE B. C $0.57 - $0.65 GAAP: $0.25 - $0.34 WEIGHTED AVG. SHARES OUTSTANDING INTEREST EXPENSE $50M ADJ. INCOME TAX RATE 11% 448M Q3 financial guidance - CORE FLEX REVENUE - $5.9B $6.3B ADJ. OPERATING INCOME A $280M - $310M | ADJ. EARNINGS PER SHARE $0.47 - $0.52 GAAP: $0.17 - $0.23 12 A. Total Flex adjusted operating income excludes approximately $106 million for restructuring, $43 million for stock-based compensation expense and $17 million for intangible amortization compared to GAAP operating income. Core Flex adjusted operating income excludes $106 million for restructuring, $30 million for stock-based compensation expense and $17 million for intangible amortization as well as Nextracker operating income. B. Total Flex adjusted earnings per share excludes $0.20 for net restructuring, $0.09 for stock-based compensation expense, $0.03 for net intangible amortization and ($0.01) for non-controlling interest, compared to GAAP earnings per share. Core Flex adjusted earnings per share excludes $0.20 for net restructuring, $0.07 for stock-based compensation and $0.03 for net intangible amortization as well as $0.10-$0.13 in Nextracker earnings. C. Total Flex adjusted earnings per share includes $0.08-$0.10 in non-controlling interest for Nextracker. flex

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