Flex Corporate Strategy

Focused investments to further improve our operations and drive growth Capital Expenditures' ($M) 2.4% Focused Investment Strategy -% of Revenue Capex returning to 2% of revenue $631 1.7% 1.5% 1.1% $430 $356 $267 FY19 FY20 FY21 FY22E Strategic growth 2 Margin accretive opportunities Leading edge process technologies Repositioned prior investments 1. Capital Expenditures presented are net and calculated as purchases of property and equipment minus proceeds from the disposition of property and equipment. 56 56 flex

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