Avnet, Inc. Corporate Overview. As of June 27, 2015

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1 Avnet, Inc. Corporate Overview As of June 27, June 27, 2015

2 From components to cloud and design to disposal, Avnet brings products, services and solutions to customers that build, sell and use technology, globally. 2 June 27, 2015

3 Who We Are and What We Do Who We Are We are one of the world s largest global distributors of electronic components, computer products and embedded technology serving customers in more than 115 countries. What We Do We connect the world's leading technology companies with more than 100,000 customers by providing cost-effective, valueadded services and solutions. Financial Scope For the fiscal year ending June 27, 2015, we generated revenue of $27.9 billion. 3 June 27, 2015

4 Company Snapshot Fast Facts Headquartered in Phoenix, AZ Founded in 1921 AVT listed on the NYSE in suppliers An Industry Leader Named to the FORTUNE Most Admired list for technology distribution, Avnet Technology Solutions $10.6B 38% FY15 Annual Revenue Avnet, Inc. $27.9B 100,000 customers 96 acquisitions announced or closed since FY91 18,000+ employees worldwide No. 4 on the 2015 InformationWeek Elite 100 as a Top Business Technology Innovator No. 108 on the 2015 FORTUNE 500 (U.S.) No. 430 on the 2015 FORTUNE Global 500 Named a World's Most Ethical Company by Ethisphere Institute 2014 and 2015 Asia $8.91B (32%) EMEA $7.87B (28%) Americas $11.14B (40%) Avnet Electronics Marketing $17.3B 62% 4 June 27, 2015

5 Organizational Structure Avnet, Inc. Board of Directors Rick Hamada Chief Executive Officer Avnet Executive Leadership Team Patrick Zammit Global President, Technology Solutions Gerry Fay Global President, Electronics Marketing Kevin Moriarty Chief Financial Officer MaryAnn Miller Chief Human Resources Officer and Corporate Marketing & Communications Mike Buseman Chief Global Logistics and Operations Officer Steve Phillips Chief Information Officer Erin Lewin General Counsel 5 June 27, 2015

6 Operating Groups Avnet Electronics Marketing Serving electronics original equipment manufacturers and electronic manufacturing services providers globally, distributing electronic components and embedded systems from leading manufacturers and providing associated design-chain and supply-chain services. Avnet Technology Solutions Collaborating with customers and suppliers to create and deliver services, software and hardware solutions that address the business needs of enduser customers locally and around the world. 6 June 27, 2015

7 Purpose and Vision Our Purpose Our Vision We help technology make the world a better place to live, work and play. We aspire to be the premier partner of choice for our customers, suppliers, employees and shareholders by accelerating their success through our global technology marketing and distribution resources, services and culture. 7 June 27, 2015

8 Top Priorities Profitable Growth Globalization Great People 8 June 27, 2015

9 Avnet s financial strength, solid balance sheet and market leadership give its customers and suppliers complete confidence in its stability and in its ability to invest in long-term, shared growth opportunities. 9 June 27, 2015

10 Avnet, Inc. FY15 Results Revenue $27.9B 1.5% 2 Y/Y Adjusted Operating Income 1 $972.5M 4.4% 3 Y/Y $ % Y/Y 1 Excluding restructuring, integration and other items. 2 Revenue increased 1.5% Y/Y on a reported basis and increased 5.4% Y/Y in constant currency (excluding the translation impact of changes in foreign currency exchange rates). 3 Adjusted Operating Income increased 4.4% Y/Y on a reported basis and 11% in constant currency. 4 ROWC = Return on Working Capital is defined on slide 28. Adjusted ROWC 4 Cash Flow from EPS 1 Operations 21.6% $584M 14 Basis Points Y/Y 10 June 27, 2015

11 Avnet, Inc. Revenue and Adjusted EPS 1 $30 $5.00 $4.50 $25 $4.00 $20 $3.50 ($ in Billions) $15 $3.00 $2.50 $2.00 $10 $1.50 $5 $1.00 $0.50 $0 $11.1 $14.3 $15.7 $18.0 $16.2 $19.2 $26.5 $25.7 $25.5 $27.5 $27.9 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 $ A reconciliation of non-gaap financial measures to GAAP financial measures is included in the Non-GAAP Financial Reconciliation and Information section of this presentation 11 June 27, 2015

12 Cash Flow from Operations ($ in Millions) $1,400 Cash flow generated from working capital and other Cash from operations $1,200 $1,118 $1,000 $800 $725 $696 $600 $462 $529 $584 $400 $454 $278 $237 $200 $(19) $(30) $- $(200) $(400) $(600) $(800) FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY June 27, 2015

13 The Power and Impact of Engagement Technology suppliers and customers benefit from Avnet s global scale and scope to effectively reach a wide range of markets across the globe. 13 June 27, 2015

14 Regional Snapshot Americas FY15 sales: $11.14B Employees: 6,800+ Locations/Offices: 97 Started in region: 1921 EMEA FY15 sales: $7.87B Employees: 6,400+ Locations/Offices: 185 Started in region: 1991 Asia Pacific FY15 sales: $8.91B Employees: 5,400+ Locations/Offices: 109 Started in region: 1995 Acquisitions announced or closed since FY91: 28 Acquisitions announced or closed since FY91: 43 Acquisitions announced or closed since FY91: June 27, 2015

15 Vital Link in Global Technology Supply Chain Forward and Reverse Logistics Integrated Supply Chain Expertise Semiconductors Interconnect, Passive and Electro-mechanical Devices Embedded Systems EMS / ODM IT Original Equipment Manufacturers Non-IT Original Equipment Manufacturers Resellers, ISVs and System Builders End Users Software Software and Services Vendors Avnet effectively manages the complexity of the technology supply chain in a cost-efficient manner, delivering value to suppliers and customers. 15 June 27, 2015

16 Avnet Services Avnet offers a breadth and depth of services capabilities, such as: Supply-chain and design-chain services Logistics solutions Product assembly Device programming Computer system configuration and integration Asset disposition Financing Marketing services Technical seminars Core distribution services 16 June 27, 2015

17 Global Logistics Global FY15 Footprint: Performance Billion Million Square Units Shipped Feet 2.5 Million Part Numbers Stocked 5 Million Orders Processed 440,000 Systems Integrated 259 Million Devices Programmed Global Facility Network Distribution Centers System Integration Centers IC Programming Centers Global Services Trade Compliance Regulation Transportation Management Regulatory Quality Compliance 17 June 27, 2015

18 Avnet Global Facilities Infrastructure Global Footprint 3.6 MILLION SQ. FT. Total Operations Employees 3,500+ Distribution Centers Beijing, China Chandler, Arizona Guadalajara, Mexico Miami, Florida San Jose, California Toronto, Canada Newcastle, UK Poing, Germany Tongeren, Belgium Stutensee, Germany Hachioji, Japan Hong Kong, China Jakarta, Indonesia Singapore Sydney, Australia Taipei, Taiwan 18 June 27, 2015 Third-Party Logistics Bratislava, Slovakia Herrenberg-Gültstein, Germany Jazlovice, Czech Republic Jundiai, Brazil Otopeni-Ilfov, Romania Piaseczno/Warszawa, Poland Vecses, Hungary Zug, Switzerland China (4 Locations) Ho Chi Minh City, Vietnam India (10 Locations) Jebel Ali Free Zone, Dubai Japan (2 Locations) Value Add Centers Acton, Massachusetts Atlanta, Georgia L Chandler, Arizona P I Guadalajara, Mexico P Groveport, Ohio L I Hollis, New Hampshire C Nogales, Mexico I San Jose, California P I I P Beijing, China I Hong Kong, China Sydney, Australia Singapore P L I Tianjin, China I Poing, Germany P Stutensee, Germany Tiel, Netherlands L Tongeren, Belgium I P I I P I P I Programming Integration L C Lifecycle Solutions Cables/Connectors

19 Global IT Scale and Scope 1,282 physical servers 3,554 logical servers 2,451 terabytes storage 64% of all supplier orders (by volume) are placed electronically 58% of all customer orders received (by volume) are received electronically 82% of inbound messages filtered as spam 29,033 unique average daily visitors to Avnet websites 923 average monthly external break-in attempts this quarter Award Winning Excellence in IT Avnet s Steve Phillips Inducted into CIO Magazine s CIO Hall of Fame Avnet Ranks Fourth on the 2015 InformationWeek Elite 100 as a Top Business Technology Innovator Avnet s Brian Chan Recognized as a 2015 Computerworld Premier 100 IT Leader Avnet Selected as a 2015 CIO 100 Award Winner by CIO Magazine 19 June 27, 2015

20 Avnet s people initiatives help drive profitable growth by inspiring and engaging employees, which ultimately enhances the customer experience and increases shareholder value. 20 June 27, 2015

21 Global Headcount Asia 5,453 Americas 6,899 Total 18,797 EMEA 6, June 27, 2015

22 The Power and Impact of Engagement Thoughtful organizational development strategies lead to a more productive and engaged workforce, a more engaged customer base and higher shareholder returns. Putting the Service-Profit Chain to Work, Heskett, et al. - Harvard Business Review Employee Retention Profitability People Practices Employee Engagement and Organizational Climate Employee Productivity External Service Value Customer Satisfaction Customer Loyalty Revenue Employee Engagement Customer Engagement Since 2004, Avnet has maintained a focus on employee engagement, and it shows in our results. 22 June 27, 2015

23 The Power and Impact of Engagement Avnet s engagement scores continue to rank among the top performing companies benchmarked by Towers Watson. Avnet EPS (1) Avnet Employee Engagement $ % 77% 77% 77% 78% $ % 75% 75% 76% $ % 74% 74% $ % 70% $ % 70% $ % $ % $ % $ % $- $1.39 $1.87 $2.76 $3.18 $1.92 $2.77 $4.42 $4.19 $3.63 $4.24 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 $ % Total Employees 9,800 10, ,700 12,800 12,900 14,200 17, , , , , June 27, 2015 (1) Excluding restructuring, integration and other items.

24 24 June 27, 2015 Avnet delivers value to its customers and suppliers through technical knowledge and industry-centric expertise so they can make the most of opportunities, solve business problems and accelerate their success.

25 FY15 Strategic Growth Investments Avnet opens CenterPoint value-added IT lifecycle services center in Ohio Avnet opens Global Development Center in Shenzhen, China Avnet releases first Corporate Social Responsibility (CSR) report Avnet opens data center in Nettetal, Germany Avnet enhances Board of Directors expertise with addition of two new directors: Avid Modjtabai, senior executive vice president of Wells Fargo & Company and Rodney C. Adkins, president of 3RAM Group LLC 25 June 27, 2015

26 Addendum 26 June 27, 2015

27 Non-GAAP Financial Information and Reconciliation In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States ( GAAP ), the Company also discloses in this document certain non-gaap financial information including adjusted operating income, adjusted operating expenses, adjusted net income and adjusted diluted earnings per share, as well as sales adjusted for the impact of acquisitions and other items (as defined in the Organic Sales section of this document). There are also references to the impact of foreign currency translation in the discussion of the Company s results of operations. When the U.S. Dollar strengthens and the stronger exchange rates of the current year are used to translate the results of operations of Avnet s subsidiaries denominated in foreign currencies, the resulting impact is a decrease in U.S. Dollars of reported results. Conversely, when the U.S. Dollar weakens and the weaker exchange rates of the current year are used to translate the results of operations of Avnet s subsidiaries denominated in foreign currencies, the resulting impact is an increase in U.S. Dollars of reported results. In the discussion of the Company s results of operations, results excluding this impact are referred to as excluding the impact of changes in foreign currency exchange rates or constant currency. Management believes organic sales and sales in constant currency are useful measures for evaluating current period performance as compared with prior periods and for understanding underlying trends. In order to determine the translation impact of changes in foreign currency exchange rates for sales, income or expense items, the Company adjusts the exchange rates used in current periods to be consistent with the exchange rates in effect during prior periods. Management believes that operating income and operating expenses adjusted for (i) restructuring, integration and other expenses and (ii) amortization of acquired intangible assets and other, is a useful measure to help investors better assess and understand the Company s operating performance, especially when comparing results with previous periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of Avnet s normal operating results or non-cash in nature. Management analyzes operating income and operating expenses without the impact of these items as an indicator of ongoing margin performance and underlying trends in the business. Management also uses these non-gaap measures to establish operational goals and, in many cases, for measuring performance for compensation purposes. Additional non-gaap metrics management uses are adjusted operating income margin, which is defined as adjusted operating income (as defined above) divided by sales and adjusted operating expense to gross profit ratio, which is defined as adjusted operating expenses (as defined above) divided by gross profit. 27 June 27, 2015

28 Non-GAAP Financial Information and Reconciliation Management believes net income and diluted EPS adjusted for (i) the impact of the items described above, (ii) certain items impacting income tax expense and (iii) the gain on legal settlement and foreign currency loss is useful to investors because it provides a measure of the Company s net profitability on a more comparable basis to historical periods and provides a more meaningful basis for forecasting future performance. Additionally, because of management s focus on generating shareholder value, of which net profitability is a primary driver, management believes net income and diluted EPS excluding the impact of these items provides an important measure of the Company s net results for the investing public. Other metrics management monitors in its assessment of business performance include return on working capital (ROWC), return on capital employed (ROCE) and working capital velocity (WC velocity). ROWC is defined as annualized adjusted operating income (as defined above) divided by the sum of the monthly average balances of receivables and inventories less accounts payable. ROCE is defined as annualized, tax effected adjusted operating income (as defined above) divided by the monthly average balances of interest-bearing debt and equity (including the impact of adjustments to operating income discussed above) less cash and cash equivalents. WC velocity is defined as annualized sales divided by the sum of the monthly average balances of receivables and inventories less accounts payable. Any analysis of results and outlook on a non-gaap basis should be used as a complement to, and in conjunction with, results presented in accordance with GAAP. 28 June 27, 2015

29 Non-GAAP Financial Information and Reconciliation Fiscal Year 2015 Operating Income Income Before Income Taxes Net Income Diluted EPS $ in thousands, except per share data GAAP results $ 827,673 $ 712,965 $ 571,913 $ 4.12 Restructuring, integration and other expenses 90,805 90,805 65, Foreign currency loss 3,737 3, Amortization of intangible assets and other 54,049 54,049 36, Income tax adjustments (55,101) (0.39) Total adjustments 144, ,591 51, Adjusted results $ 972,527 $ 861,556 $ 623,089 $ June 27, 2015

30 Non-GAAP Financial Information and Reconciliation ROWC, ROCE and WC Velocity The following table (in thousands) presents the calculation for ROWC: Q4 FY15 Q4 FY14 Sales $ 6,796,331 $ 7,048,708 Sales, annualized (a) $ 27,185,324 $ 28,194,832 Adjusted operating income (1) $ 243,814 $ 244,865 Adjusted annualized operating income (b) $ 975,256 $ 979,460 Adjusted effective tax rate (2) 27.7 % 27.9 % Adjusted annualized operating income, after tax (c) $ 705,305 $ 706,387 Average monthly working capital Accounts receivable $ 4,979,668 $ 5,020,472 Inventories $ 2,593,545 $ 2,632,177 Accounts payable $ (3,234,283) $ (3,208,300) Average working capital (d) $ 4,338,930 $ 4,444,349 Average monthly total capital (e) $ 5,898,475 $ 6,009,390 ROWC = (b) / (d) 22.5 % 22.0 % WC Velocity = (a) / (d) ROCE = (c) / (e) 12.0 % 11.8 % (1) See reconciliation to GAAP amounts in the preceding tables in this Non-GAAP Financial Information and Reconciliation section. (2) Adjusted effective tax rate for each quarterly period in a fiscal year is based upon the currently anticipated annual effective tax rate, excluding the tax effect of the items in the above reconciliation to GAAP amounts in this Non-GAAP Financial Information and Reconciliation section. 30 June 27, 2015

31 Non-GAAP Financial Information and Reconciliation ROWC The following table (in thousands) presents the calculation for ROWC: Adjusted operating income (1) Average monthly working capital Fiscal Year 2015 (a) $ 972,527 Accounts receivable $ 5,109,326 Inventories $ 2,667,351 Accounts payable $ (3,274,382) Average working capital (b) $ 4,502,295 ROWC = (a) / (b) 21.6 % (1) See reconciliation to GAAP amounts in the preceding tables in this Non-GAAP Financial Information section. 31 June 27, 2015

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