Flex Corporate Strategy

Growth, mix and optimization support further margin expansion Margin opportunities throughout FY23-FY25 Mix shift to increase higher value business Core Flex adjusted operating margins* • Higher value markets • Captive market • Synergies Technology to create operational efficiency • Industry 4.0 • Automation . Sustainable operations. Value-added services to expand customer footprint • Design and engineering • Circular economy • E-commerce integration *Based on Core Flex, excluding Nextracker See Risks and Non-GAAP Disclosures for additional information regarding non-GAAP measures. 50 | | | 4.5% 5%+ FY22E FY25E flex

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