TD SYNNEX (SNX) Investor presentation summary

Strategic positioning and growth drivers

• Global leader with sustainable competitive advantages and a large addressable market.

• Diversified business model with strong customer and vendor relationships.

• Focus on extending reach, broadening capabilities, and growing faster than the market.

• Experienced management team committed to shareholder value and disciplined execution.

• Significant cash flow generation and high return on invested capital.

Financial performance and targets

• Non-GAAP diluted EPS growth targeted at 10–12%+ through improved mix and cost management.

• Non-GAAP net income to free cash flow conversion consistently above 95%.

• Medium-term aspirations include 5%+ non-GAAP gross billings CAGR and 95%+ net income to FCF conversion.

• Proven track record: $2.0B non-GAAP operating income (+9% CAGR), $15.13 non-GAAP diluted EPS (+14% CAGR), $3.7B FCF FY23–FY25.

• Q1 FY26 non-GAAP gross billings up 24% year-over-year; Hyve Solutions up 95%.

Capital allocation and shareholder returns

• Targeting 50–75% return of free cash flow to shareholders via dividends and buybacks.

• $2.5B in cumulative post-merger shareholder returns, 78% through share repurchases.

• Average share repurchase price to date: $110.

• Disciplined M&A to accelerate strategy and enhance returns.

• Maintaining investment grade rating and liquidity to support growth and M&A.