TE CONNECTIVITY LTD.

(TEL)
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Delayed Nyse  -  04:04 2022-08-11 pm EDT
134.26 USD   +0.04%
07/29TE CONNECTIVITY : Quarterly Report for Quarter Ending June 24, 2022 (Form 10-Q)
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07/29TE CONNECTIVITY LTD. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
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07/28Oppenheimer Adjusts TE Connectivity Price Target to $145 From $140, Maintains Outperform Rating
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TE Connectivity : Bernstein Strategic Decisions Conference

06/02/2022 | 07:52am EDT

TE Connectivity

Bernstein Strategic Decisions Conference

Terrence Curtin, CEO

June 2, 2022

EVERY CONNECTION COUNTS

Forward-Looking Statements

and Non-GAAP Financial Measures

Forward-Looking Statements

This presentation contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this presentation include statements addressing our future financial condition and operating results, and the impact on our operations

resulting from the coronavirus disease 2019 ("COVID-19"). Examples of factors that could cause actual results to differ materially from those described in the

forward-looking statements include, among others, the extent, severity and duration of COVID-19 negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict between Russia and Ukraine resulting from Russia's invasion of Ukraine or escalating tensions in surrounding countries; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation, including the effects of Swiss tax reform. In addition, the extent to which COVID-19 will impact our business and our financial results will depend on future developments, which are highly uncertain and cannot be predicted. Such developments may include the geographic spread of the virus, the severity of the virus, the duration of the outbreak, the impact on our suppliers' and customers' supply chains, the actions that may be taken by various governmental authorities in response to the outbreak in jurisdictions in which we operate, and the possible impact on the global economy and local economies in which we operate. More detailed information about these and other factors is set forth in TE Connectivity Ltd.'s Annual Report on Form 10-K for the fiscal year ended Sept. 24, 2021 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

Non-GAAP Financial Measures

Where we have used non-GAAP financial measures, reconciliations to the most comparable GAAP measure are provided, along with a disclosure on the usefulness of the non-GAAP financial measure, in this presentation.

2 © 2022 TE Connectivity.

Positioned to Deliver Above-MarketGrowth

High speed cloud build out for energy efficient data centers

Health, safety & efficiency in appliances

Data & Devices

Digital factory with increased automation; smart buildings

Growth in interventional medical procedures

Growth from wind & solar, infrastructure resiliency

Appliances

Higher content in next generation fuel efficient CommAir platforms

Automotive

Commercial

Medical

Transportation

Sensors

Industrial

Equipment

EV adoption, connected car evolution, safety, lower emissions Auto sensor designs propelling future growth

Clean emission standards, electrification of the powertrain

Energy

Aerospace &

Defense

3 © 2022 TE Connectivity.

Executing Well in a Challenging Environment

Positioned portfolio to benefit from secular growth drivers

  • Generating market outperformance in Auto, Factory Automation, and Cloud applications due to content
  • Expecting recovery in CommAir and Medical markets

Delivering margin resiliency despite inflationary and macro pressures

  • Teams are effectively driving pricing and productivity to offset cost inflation
  • Continuing to benefiting from cost reduction and footprint consolidation efforts, which began prior to Covid

Continue to benefit from our global manufacturing strategy

  • Resiliency of operations and producing close to our customers has proven to be a differentiator
  • Ability to produce remains a key factor in near-term sales performance

Our balance sheet is strong, with a balanced capital strategy

  • Increased share buyback in Q2; continue to pursue bolt-on acquisitions

Enabling a positive sustainable impact through our One Connected World ESG strategy

  • Products and technologies enabling reduced carbon footprint in electric vehicles, renewable energy, and data centers
  • Issued our 12th Corporate Responsibility report in May, with continued progress on our ESG initiatives

4 © 2022 TE Connectivity.

Driving Positive Sustainable Impact Through Our Products & Technologies

ENABLING 2/3 LOWER GHG EMISSIONS

ENABLING 240 GW OR 15% OF THE

ENABLING DATA CENTERS TO BECOME

IN ICE TO EV TRANSITION

WORLD'S RENEWABLE SOURCED ENERGY

25% MORE POWER EFFICIENT

• End-to-end energy efficient EV solutions

Accelerating renewable energy

High speed solutions

• Enabling 10-minute charging

transition through material science &

Cooler data centers

engineering innovation

• Global engineering and manufacturing

Global engineering excellence

Enabling capacity to power 50M homes

enabling OEMs scale EV production

Helping to Enable a Lower Global Carbon Footprint

© 2022 TE Connectivity.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

TE Connectivity Ltd. published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 11:51:04 UTC.


© Publicnow 2022
All news about TE CONNECTIVITY LTD.
07/29TE CONNECTIVITY : Quarterly Report for Quarter Ending June 24, 2022 (Form 10-Q)
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07/29TE CONNECTIVITY LTD. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND R..
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Financials (USD)
Sales 2022 16 124 M - -
Net income 2022 2 294 M - -
Net Debt 2022 2 978 M - -
P/E ratio 2022 19,1x
Yield 2022 1,54%
Capitalization 42 942 M 42 942 M -
EV / Sales 2022 2,85x
EV / Sales 2023 2,71x
Nbr of Employees 89 000
Free-Float 96,7%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 134,26 $
Average target price 144,13 $
Spread / Average Target 7,35%
EPS Revisions
Managers and Directors
Terrence R. Curtin Executive VP & President-Industrial Solutions
Heath A. Mitts Chief Financial Officer, Director & Executive VP
Thomas J. Lynch Chairman
Joseph F. Eckroth Chief Information Officer & Senior Vice President
Phil Gilchrist Chief Technology Officer & Vice President