Celestica Inc. · TSX:CLS
Celestica — Investor Day (October 2026)
65 slides from Celestica's investor day presentation, Oct 27, 2026
Slide 1: 2026 Investor & Analyst Day
ae Sees -Celestica 2026 INVESTOR & ANALYST DA October 27, 2026 :
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements “This presentation contans forward-looking statements, including without imitation those related to: strengthening demand in our businesses, demand environment and custome forecasts, ou anticipate financial and/or operationalresuls. guidance and o
Slide 3: Building the leading platforms for advanced AI infrastructure
Celestica” 2026 INVESTOR & ANALYS Building the leading platforms — for advanced Al infrastructure Rob Mionis + Chair of the Board and | fas Chief Executive Officer oe
Slide 4: Key pillars enabling long-term value creation
Key pillars enabling long-term value creation DIFFERENTIATION Accelerating market advancements as critical launch partner on next-generation platforms GROWTH Industry-leading positions in Al data center technologies with exceptionally strong secular growth tailwinds All VISIBILITY Investments suppor
Slide 5: Growth and efficiency are driving accelerating earnings
Growth and efficiency are driving accelerating earnings Revenue ($B) EPS ($) 38% 67% CAGR! CAGRI 21.0 11.55 GAAP EPS @ Non-GAAP Adjusted EPS 12.4 6 6.05 5:0 3.88 2023 2024 2025 2026E i 2023 2024 2025 2026E ard-Looking Statements” and “Note Regarding Non-GAAP Financial Measures’ on side 2 Investor &
Slide 6: Why Celestica wins: system-level design & manufacturing
Why Celestica wins: system-level design & manufacturing delivered at Hyperscale DESIGN & TECHNOLOGY LEADERSHIP OPERATIONAL EXECUTION 4 ENABLED BY CORE STRATEGIC COMPETENCIES } Design Commercialization Scale aka a “A ‘ u +{a)+ 4 p = ia we” ad ad ad ilo. | a 4 DRIVING CUSTOMER SUCCESS } Speed-to-marke
Slide 7: Differentiated by leading-edge design & engineering capabilities
Differentiated by leading-edge design & engineering capabilities Gain DESIGN OMIZATION-FOR-OPTIMIZATIO! 4 SYSTEM-LEVEL APPROACH J 4 ENABLES J} Capabilities addressing intersection of networking, Al compute & storage Lower total cost of ownership (TCO) Superior price-to-performance via tailored Al sy
Slide 8: Unlocking seamless commercialization through JDM
Unlocking seamless commercialization through JDM ( JDM model allows seamless hand-off between NPI and manufacturing NPI* to mass production hand-off Design-for- manufacturability (DFM) Vertically integrated leading-edge design & advanced manufacturing capabilities Addressing key manufacturing proces
Slide 9: Operational excellence at scale is a key differentiator
Operational excellence at scale is a key differentiator Advanced Manufacturing Best-in-class execution and global network enable scale and geographic diversification Stewardship Culture End-to-end ownership of complex design and manufacturing to final test and delivery Excellence Framework Celestica
Slide 10: Investing to enable long-term growth with our customers
Investing to enable long-term growth with our customers 40+ sites across 16 countries < Investing in North America to support Al demand Celestica * — Significant growth in US capacity and capabilities at multiple Texas sites + Upgrades at our Monterrey, Mexico campus < Continued growth at key produc
Slide 11: Investing in automation to drive efficiencies at scale
Investing in automation to drive efficiencies at scale ARGETED INVESTMENTS IN MATED MANUFACTURING LINES Supporting leading-edge networking & compute trays Automation for rack-scale assembly Investor & Analyst Day | October 27,2026 | 11
Slide 12: Vertically integrated capabilities deliver customized solutions for AI data centers
Celestica’s vertically integrated capabilities deliver leading-edge customized solutions for Al data centers Celestica’s Differentiated Model & System-level design capabilities © Modular HPS IP building blocks EMS © Customized lifecycle solutions from development-to-deployment OEM ta) Full SONIC sof
Slide 13: Strategically aligned to grow with AI leaders
‘Celestica’ Strategically aligned to grow with Al leaders Mandeep Chawla Group President, Global Markets
Slide 14: Unprecedented demand is driving extended visibility
Unprecedented demand is driving extended visibility and deeper alignment with customers dl 2s E Q Al Investment Capacity & Design-Led Extended Visibility & Supercycle Supply Chain Programs Alignment Hyperscalers & Customer demand JDM embeds rucnees recat Frontier Al Labs outstripping industry Celest
Slide 15: AI infrastructure investment forecasted to exceed $3T
Al infrastructure investment forecasted to exceed $3T by 2030 Global Data Center Capex! Rapidly growing usage of Al applications and development of more advanced models Top 4 US Hyperscalers Global Al compute capacity remains & Frontier Al Labs heavily constrained Expected 2/3rd of TAM by 2030 Hyper
Slide 16: Enabling industry's early adopters of leading-edge solutions
Enabling industry's early adopters of leading-edge solutions Celestica HYPERSCALERS & FRONTIER AI LABS Requirements Profile Dynamics © Upgrade Cycles Short Fastest refresh cycles in the industry FL 3 Performance & Technology Leading-Edge Earliest adopters of high-performance infrastructure == Custom
Slide 17: System-level design capabilities built on addressing complexity
System-level design capabilities built on addressing complexity Complexity and role of networking enables opportunity to move into designing other areas of the system D oe 3 Ze Ss © Celestica’s HPS foundation in Vi networking supports evolution Compute into designing Al compute, racks and full Al sy
Slide 18: Critical partner in enabling AI infrastructure at Hyperscale
Critical partner in enabling Al infrastructure at Hyperscale Celestica Hyperscaler Revenue ($B) Key Success Factors for Hyperscalers CAGR' Vital for earliest adopters on leading- Gi edge as upgrade cycles accelerate 14.4 \ Supports growing customer base and lowers marginal cost of compute tomization
Slide 19: Diversified customer and ecosystem partner base
Diversified customer and ecosystem partner base HYPERSCALERS FRONTIER SILICON Al LABS PARTNERS Celestica is a trusted partner for the world’s largest Al infrastructure deployments eee
Slide 20: Connectivity & Cloud Solutions
Celestica” Connectivity & Cloud Solutions Steven Dorwart President, | Connectivity & Cloud Solutions
Slide 21: Connectivity & Cloud Solutions
Connectivity & Cloud Solutions $17.4B 2026E CCS Revenue (+89% YT 8.8% 2026E CCS Segment Margin (+60bps YTY) CCS Revenue ($B) Revenue by End Market & Solution ($B)? = =~ HPS Portfolio 8.5 Compute & Storage 5.6 2023 2024 2025 2026 = a Investor & Analyst Day | October 27,2026 | 21
Slide 22: HPS enabling acceleration in design-led engagements
HPS enabling acceleration in design-led engagements HPS Revenue ($B) 2025 Stateme son slide 2 INVESTING IN DESIGN ENGINEERING 2,000+ 2027E HPS Engineering Headcount Target $300M+ 2027E R&D Investment Target 9 Global Design Centers [ NETWORKING | SOFTWARE | COMPUTE | RACK-SCALE Investor & Analyst Day
Slide 23: R&D strategy de-risks design timelines and accelerates speed-to-market
Celestica’s R&D strategy de-risks design timelines and accelerates speed-to-market @B exprore Developing PoCs & new design capabilities to enable emerging standards and silicon EVALUATE &@ Disciplined filtering to strategically invest in new technologies MARKET-READY Building market-ready HPS soluti
Slide 24: Positioned to support evolving technologies in AI data centers
Positioned to support evolving technologies in Al data centers Celesticay Fundamental developments in Al data center technologies driving need for customized solutions ———— Proliferation of Greater customization of Faster specialized compute & networking upgrade silicon options architectures cycles
Slide 25: Investing in R&D to tackle foundational technical challenges
Investing in R&D to tackle today’s foundational technical challenges in leading-edge Al systems KEY CHALLENGE TECHNICAL INVESTMENT AREAS Rack-scale and multi-rack systems design and integration | Optics Integration into networking & compute trays (CPO!, NPO?); pce New connector form factors (XPO3);
Slide 26: Networking
Celestica” Networking Market leadership in Ethernet networking
Slide 27: Our Networking portfolio
Our Networking portfolio Celestica $11.8B 2026E Networking Revenue (+66% YTY, Revenue by Technology ($B) @ Very strong momentum expected to continue in 2027 @ Networking © Optical & Other + 16T Ramps to significantly accelerate * 800G Very strong growth to continue + 400G Expected to remain stable y
Slide 28: Leading-edge 1.6T Ethernet networking portfolio
Celestica’s leading-edge 1.6T Ethernet networking portfolio Celesticay DS6001 DS6010 DS6005 1L6T Data Center 16T Data Center 1L6T Data Center Scale-Out Switch Scale-Up Switch CPO Switch Up to 102.4Tbps of switching capacity Energy efficient hybrid cooling Native AMD Helios™ integration based on Broa
Slide 29: Ethernet networking solutions in AI data centers
Celestica’s Ethernet networking solutions in Al data centers 1.6T 800G - 1.6T 800G - 1.6T 400G - 800G al aap Gap G=D ? ——osees < i S j ad = Ga «aE GEE aE SCALE-UP SCALE-OUT SCALE-ACROSS a al ale e e @ XPU-to-XPU Rack-to-rack Cluster-to-cluster Al systems for within a node or rack across the Al clust
Slide 30: Evolution of Ethernet networking driving proliferation of interconnect solutions
Evolution of Ethernet networking driving proliferation of interconnect solutions & product roadmaps Leading-Edge Ethernet in Al Networks, > Se - Scale-Across > . Copper & Traditional Pluggables > Approaches to Optics and > High-Density Pluggables: XPO > Connectivity = Integrated Optics: NPO & CPO ®.
Slide 31: Networking portfolio indexed to the fastest growing segment
Celestica’s networking portfolio is indexed to the fastest growing segment of the market _Celestica Data Center Ethernet Networking TAM+ $173B Current 1.6T and eventual 3.2T upgrade cycles expected to significantly increase TAM 3.2 Tops Back-End forecasted to remain fastest growing segment, driven b
Slide 32: Scale-Up builds on share leadership in Back-End AI Ethernet
Scale-Up builds on Celestica’s share leadership in Back-End Al Ethernet networking Data Center Ethernet Networking TAM ($B)* Scale-Up expected to be 40% of Back-End and 32% of total data center Ethernet switch demand by 2030! @ Scale-Up (Back-End) 173 @ Scale-Out (Back-End) Front-End Highest and fas
Slide 33: Scale-Up switches powering AMD Helios racks
Celestica’s Scale-Up switches powering AMD Helios™ racks Celestica DS6010 in AMD Helios™ Celestica’s Scale-Up solution to support Hyperscalers and Frontier Al Labs deploying AMD Helios™ Scaling Up 72 AMD Instinct™ MI455X GPUs within a rack Collaboration leverages Celestica’s leading-edge networking
Slide 34: Positioned to support the evolution of optics in Ethernet switching
Celestica is positioned to support the evolution of optics in Ethernet switching EVOLUTION OF OPTICAL INTERCONNECT IN ETHERNET SWITCHING OUR VIEW Broader CPO adoption expected at 3.2T Traditional Mish: Bensity’ Pluggables and integrated solutions to Pluggables Pluggables (XPO) co-exist long-term for
Slide 35: Hyperscaler CPO win validates leadership in integrated optics
Hyperscaler CPO win validates leadership in next-gen integrated optics designs Ds6005 L.6T Data Center CPO Switch R&D and PoC investments ahead of the technology adoption curve Critical optical manufacturing & test capabilities and clean room capacity to enable deployment at scale JDM AWARD WITH HYP
Slide 36: Market leader in Ethernet switch deployments at Hyperscale volumes
Market leader in Ethernet switch deployments at Hyperscale volumes Ethernet Switch Revenue at Top 4 Hyperscalers & Frontier Al Labs Celestica is the largest $28 , provider of high-bandwidth Gelestica and custom Ethernet switches 31% 44% 800G+ Ethernet 800G+ Ethernet Revenue Share?5 Port Share?3 Taiw
Slide 37: Compute & Storage
~ Celestica™ 2026 INVESTOR & AN Compute & Storage Enabling market-leading custom ASIC platforms
Slide 38: Our Compute & Storage portfolio
Our Compute & Storage portfolio $5.6B 2026E Compute & Storage Revenue (+170% YTY) Revenue by Technology ($B) @ Continuing multi-generational engagement supporting @ Server Hyperscaler Al compute @ Storage * Mass production ramps of next-gen expected in 2027 @ HPS rack-scale program for OpenAl Jalape
Slide 39: Supporting the leading custom ASIC platforms
Supporting the leading custom ASIC platforms with hyper-growth tailwinds Custom ASIC TAM ($B)! 434 64% Custom ASIC CAGR? wm: 9 61 28% , | Merchant GPU CAGR? 2026 2030 © Custom ASIC TAM forecasts have grown considerably Reflective of drive towards “Customization-for-Optimization” Successful proof poi
Slide 40: Technology partner for OpenAI's Jalapeno architecture
Technology partner for OpenAl’s Jalapeno architecture Rack-scale platform powered by: GS OpenAl 2 BROADCOM’ 128 OpenAl Jalapefio ASICs Celestica® HPS rack-scale solution for Jalapefio ASIC with customized SONIC Deployment Production ramp planned in 2027 Multi-generational engagement Celestica is sup
Slide 41: Advanced Technology Solutions
‘ Celestica’ Advanced Technology Solutions Todd Cooper President, Advanced Technology Solutions
Slide 42: Advanced Technology Solutions
Advanced Technology Solutions $3.6B 2026E Revenue (+13% YTY Revenue by End Market ($B) Capital Equipment 1.0 Industrial 14 6.4% 2026E ATS Segment Margin (+110bps YTY) % 2023 €2 Margin (+170bps} 5.3% ti - 1 2024 2025 2026E Driving sustainable revenue growth and profitability improvements Note: 2023 t
Slide 43: Diversified portfolio positioned for sustainable growth
Diversified portfolio positioned for sustainable growth Celestica Expect ATS revenue to grow ~10% in 2027E ¥ Strong Al-driven demand driving investments in new ramping fab capacity v Market share gains at leading WFE! customers o INDUSTRIA v_ Returning to growth on improving macro trends v Early pur
Slide 44: ATS strategy driving sustainable growth and margin expansion
ATS strategy driving sustainable growth and margin expansion * Generate high-quality, sustainable revenue growth over the long-term Growth & Profitability * Margin improvements from mix and greater leverage * Driving more engineering-led wins and services Engineering-Led * Strategic expansion of des
Slide 45: Financial Outlook
Celestica” Financial Outlook Todd Ankenmann Chief Financial Officer
Slide 46: 2027 Financial Outlook
2027 Financial Outlook Revenue $21.0B $40.0B +90% Non-GAAP 5 Operating Margin Ghee 0 CODD= Non-GAAP 5) Adjusted EPS! SLES $21.50 +86% Capex? ~S1B $1.5B-$2.0B +75% 2027E ASSUMPTIONS » CCS Revenue: ~110% growth » ATS Revenue: ~10% growth * Non-GAAP Adjusted Effective Tax Rate of ~21% Strong demand and
Slide 47: Demand dynamics point to sustained multi-year growth
Demand dynamics point to sustained multi-year growth '8 customer demand meaningfully higher than our 2027 revenue outlook High conviction in our capex investments Anchor customers aligned on multi-year capacity plans and volume forecasts Demand expected to continue to challenge limits of supply chai
Slide 48: Operating leverage expected to drive margin expansion
Operating leverage expected to drive margin expansion Operating Margin CONSISTENT OPERATING MARGIN EXPANSION Note: See “Cautionary No! GAAP Operating Margin © Non-GAAP Adjusted Operating Margin 2023 ng Statements” and "Note Regarding Non-GAAP Financial M 9.0% Expected revenue growth provides 8.4% a“
Slide 49: Investing behind multi-year visibility on AI infrastructure demand
Investing behind multi-year visibility on Al infrastructure demand Higher capex supporting inflecting revenue growth Awarded Programs | Multi-Year Demand | Attractive Returns Expect 2027 Non-GAAP FCF net use of funds 90% ~- Revenue Growth @ Capex as a % of revenue 69% Working capital investment and
Slide 50: Returns on capital driven by execution and strength of investments
Returns on capital driven by execution and strength of investments GAAP ROIC% @ Non-GAAP Adjusted ROIC% 21% 2023 Note: See “Cautionary Note Regarding Return on Invested Capital 37% } : 2024 2025 57% 2026 YTD r Return on capital and payback are key metrics for evaluating risk thresholds for new proje
Slide 51: Financial framework supporting disciplined growth
Financial framework supporting disciplined growth Financial growth framework focused on driving long-term non-GAAP adjusted EPS growth 4 WITH STRATEGIC FILTERS FOR J} Disciplined Revenue Growth Selective on programs and customers that align with competitive advantages and strategy Profitability Sust
Slide 52: Capital allocation priorities aligned to enable multi-year growth
Capital allocation priorities aligned to enable multi-year growth plans Strong and Flexible Balance Sheet Managing balance sheet with investment grade discipline Organic Investments Supporting organic growth through investments in talent, capex and working capital M&A To be leveraged opportunistical
Slide 53: Closing Remarks
‘Celesticar Closing Remarks Rob Mionis Chair of the Board and i Chief Executive Officer
Slide 54: Uniquely positioned to deliver value through multi-year AI infrastructure supercycle
Uniquely positioned to deliver value through multi-year Al infrastructure supercycle DIFFERENTIATION Accelerating market advancements as critical launch partner on next-generation platforms GROWTH Industry-leading positions in Al data center technologies with exceptionally strong secular growth tail
Slide 55: Management on today's call for Q&A
Management on today’s call for Q&A Rob Mionis Mandeep Chawla Todd Ankenmann Chair of the Board and Group President, Chief Financial Officer Chief Executive Officer Global Markets \ Steven Dorwart Todd Cooper Gavin Cato Senior Vice President, CCS Engineering President, Advanced Technology Solutions P
Slide 56: Q&A
‘Celestica” Q&A
Slide 57: 2026 Investor & Analyst Day
ae Sees -Celestica 2026 INVESTOR & ANALYST DA October 27, 2026 :
Slide 58: Appendix
‘ Celestica” Appendix
Slide 59: (In millions of U.S. dollars, except percentages)
(In millions of U.S. dollars, except percentages)
Slide 60: Non-GAAP Financial Measures
Non-GAAP Financial Measures ‘The non-GAAP financial measures included in this presentation are: adjusted operating earnings (or adjusted EBIAT), adjusted operating margin (adjusted operating earnings or adjusted EBIAT as a percentage of revenue), adjusted net earnings, ‘adjusted earnings per share (
Slide 61: Non-GAAP Financial Measures
Non-GAAP Financial Measures Restructuring and Other Charges (Recoveries) consist of, when applicable: Restructuring Charges (Recoveries) (defined below); Transition Costs (Recoveries) (defined below); consulting, transaction and integration costs related to potential and ‘completed acquisitions; whe
Slide 62: FY 2025, FY 2024, FY 2023 non-GAAP reconciliation
FY 2025 FY 2024 FY 2023 Revenue $ 12,390.9 $ 9,646.0 $ 7,961.0 Net earnings 832.5 428.0 244.4 Earnings per share - diluted $ 7.16 $ 3.61 $ 2.03 W.A. # of shares (in millions), on a basic basis 115.3 118.1 120.1 W.A. # of shares (in millions), on a diluted basis 116.2 118.7 120.3 Actual # of shares o
Slide 63: ROIC reconciliation
Q1 2026 Q2 2026 Q3 2026 YTD 2026 FY 2025 FY 2024 FY 2023 GAAP Earnings from operations $ 272.1 $ 458.3 $ 460.0 $ 1,190.4 $ 1,040.7 $ 599.3 $ 338.3 Multiplier to annualize earnings 4 4 4 1.333 1 1 1 Annualized GAAP earnings from operations $ 1,088.4 $ 1,833.2 $ 1,840.0 $ 1,586.8 $ 1,040.7 $ 599.3 $ 3
Slide 64: Adjusted tax expense reconciliation
(In millions of U.S. dollars, except percentages) FY 2025 FY 2024 FY2023 GAAP tax expense $ 150.7 $ 104.2 $ 61.6 Earnings from operations 1,040.7 599.3 338.3 Finance costs (56.8) (57.0) (80.3) Interest income 4.2 4.9 1.4 Miscellaneous Income (Expense) (4.9) (15.0) 46.6 $ 983.2 $ 532.2 $ 306.0 GAAP e
Slide 65: 2026 Investor & Analyst Day
ae Sees -Celestica 2026 INVESTOR & ANALYST DA October 27, 2026 :