2020 ANNUAL REPORT

1 2020 ANNUAL REPORT2020 ANNUAL REPORT2020 ANNUAL REPORTCEO MESSAGE: DEAR EMPLOYEES, PARTNERS AND SHAREHOLDERS:THE FABRIC OF OUR PEOPLEWe re fundamentally in the people business. Our people are Jabil s most important and valued differentiator, making us who we are today. We derive innovative solutions and advance our service offerings through non-parochial collaboration, where customers are top-of-mind day-in and day-out. When I think about the last eight months of FY20, they were anything but typical as the impact of COVID-19 adversely engulfed all of us, directly and indirectly. I want to THANK all of our Jabil employees employees who number more than 260,000 strong and reside in 30+ countries. They exhibited the very qualities which set Jabil apart tenacity, perspective, empathy and it all, our teams optimized product output for customers, while providing critical support to essential businesses fighting the pandemic in the face of real risk and tremendous adversity.

2 In parallel, our employees established first-rate COVID-19 processes and protocols and openly shared these COVID-related safety measures with customers, suppliers and competitors on an on-going all on this, I again say Thank PURPOSE IN OUR APPROACH Additionally, much of the past year was unquestionably characterized by global tensions, divisiveness and on-going social injustice. At Jabil we were neither immune nor tone deaf to the sweeping sentiments. Much to the contrary, as our culture and value-set were founded on one simple premise: a deep and unrelenting RESPECT for every individual. This is a core premise which has endured and remains a priority for Jabil reflecting on the astonishing challenges the world faced during our fiscal year 2020, I m inspired and humbled by the effort and fortitude put forth by so many, both within and beyond Jabil What a year!

3 By the time we completed our first fiscal quarter of 2020, we had what appeared to be the start of another solid year for Jabil, as evidenced by our record Q1 revenue of $ billion. Then, out of nowhere, we abruptly learned firsthand of the novel coronavirus directly from our team in Wuhan, China. What followed would test and stress: (a) the fabric of our people; (b) the purpose in our approach; and (c) the resiliency of our commercial portfolio. And I couldn t be prouder of the re fundamentally in the people business. Our people are Jabil s most important and valued differentiator, making us who we are today. Mark T. Mondello2020 ANNUAL REPORTCHRISTOPHER since 2018 Age 54 DAVID since 2009 Age 66 KATHLEEN since 2019 Age 69 JOHN since 2016 Age 67 STEVEN since 1996 Age 65 MARTHA since 2011 Age 61 ANOUSHEH ANSARID irector since 2016 Age 54 TIMOTHY of the BoardDirector since 1999 Age 63 THOMAS Chairman ofthe BoardDirector since 1983 Age 71 MARK Executive OfficerDirector since 2013 Age 56 Jabil s Board of Directors has standing Audit, Compensation, cybersecurity and Nominating & Corporate Governance : Raymund (Chair), Ansari, Holland, WaltersCOMPENSATION: Stout (Chair), Brooks, PlantNOMINATING & CORPORATE GOVERNANCE: Sansone (Chair), Brooks, StoutCYBERSECURITY.

4 Ansari (Chair), Holland and MainJabil s Corporate Governance Guidelines, the charters of these committees and the Jabil Code of Conduct can be found on Jabil s website: INQUIRIES & INFORMATIONI nvestor RelationsJabil Dr. Martin Luther King Jr. Street Petersburg, Florida 33716E-mail: Form 10-K for our fiscal year endedAugust 31, 2020 has been filed with theSecurities and Exchange Commission andis included as a part of this ANNUAL online version of the 2020 ANNUAL REPORT is available at: MEETINGJ anuary 21, 2021 at 10:00 AM ETVirtual ANNUAL Meeting proxy statementcontains a description of procedures tonominate persons for election as directorsor to introduce an item of business at that meeting, as well as certain Securities and Exchange Commission requirementsregarding the date by which we must receive shareholder proposals for inclusion in our proxy REGISTERED PUBLIC ACCOUNTING FIRME rnst & Young LLP audited the consolidated financial statements and the effectiveness of internal control over financial reporting of Jabil for the fiscal year ended August 31, 2020.

5 A representative of Ernst & Young LLP isexpected to be present at the ANNUAL Meeting and available to respond to AGENT AND REGISTRARThe transfer agent maintains shareholder records for Jabil Inc. Please contact the agent directly for change of address, transfer of stock, replacement of lost certificates, and dividend checks. Phone: OF DIRECTORS AND SHAREHOLDER INFORMATION2020 ANNUAL REPORTD iversity & InclusionAt Jabil, we work to ensure every employee is heard, as this is our stepping-stone to guarantee our collective voices make a positive difference. Operating in roughly 100 sites around the world, our broad-based team is comprised of varying ethnicities, nationalities, genders, sexual orientations and life experiences. In a word, we embody and embrace diversity.

6 Never satisfied and always striving to improve, we reflected on our shortcomings this past year and recognized the need to fortify our approach to diversity and inclusion. For that reason, we formed an internal Council for Diversity and Inclusion. This Council advocates and stewards our exploration in the tough act of introspection, while actively engaging employees across the Jabil enterprise. The talented individuals who make up our Council, will serve the first of what will be two-year rotational appointments. The measurable goals are expanding tolerance, reducing unconscious biases, and widening our aperture of inclusion for with this focus, we re also very excited about our work with Special Olympics USA. This relationship is not simply a donation, but a comprehensive engagement of our employees around the world with these amazing athletes and their culture is about caring and cementing our ethos of One Jabil family.

7 As CEO, I encourage every individual to be their true self and to do so without fear or anxiety, but with complete assurance of dignity and respect. We warmly welcome the differences that make us all unique. SustainabilityAt Jabil, we aim to always do what s right in helping to preserve the planet not just today, but for future generations to come. We see this as our responsibility as sound corporate FY20, we launched our first Climate Action Plan, committing to expand clean energy production and reduce our greenhouse gases emissions by 25 percent over the coming 5-6 years. To achieve this bold target, we ll utilize renewable energy sources throughout our operations, leveraging both technology and the tailored expertise of our customers who excel in this you may know, the next 10 years have been declared by the UNITED NATIONS as the decade to deliver on sustainability.

8 We, at Jabil, contribute to many of these well-defined goals, while also proudly serving as a founding member of the Responsible Business Alliance (RBA) since 2004. In doing so, we effort to lead our industry to the highest standards in our behaviors around: Labor, Water, Supply Chain and the use of Rare Minerals. Some customers value this, others merely appreciate on this topic, but certainly not least, we now track the volunteer hours put forth by our generous employees. These efforts are gratuitous and selfless. We value their time and contributions in making better the communities and environments where they so proudly work and live their RESILIENCY OF OUR COMMERCIAL PORTFOLIOWhen thinking of the current construct of our business, I m certain that the whole is more valuable than an elementary sum of the parts.

9 Jabil s intentional balance of businesses across a wide range of end-markets, the likes of: Healthcare / Consumer Packaging, Mobility / Connected Devices, Automotive / Transportation, Industrial / Energy / Semi-Cap Equipment, 5G / Wireless / Cloud Computing, Digital Print / Retail, Defense / Aerospace and Networking / Storage allowed us to successfully withstand the headwinds we faced during the year. We REPORT our business results under two operating segments: Diversified Manufacturing Services (DMS) and Electronic Manufacturing Services (EMS). Across both segments we help our customers win by offering comprehensive product solutions that meet their needs and enhance their respective customer experiences. Around the manufacturing and delivery of these products, we wrap a growing number of services, leading with custom engineering and digital supply chain analytics.

10 DMS Approximately half of our DMS segment is comprised of businesses that operate in regulated-markets, such as Healthcare, Automotive and Transportation, Defense and Aerospace. These markets often require complex compliance, validation and regulatory processes and controls, resulting in longer term and more stable product life cycles. The other half of our DMS segment is comprised of businesses in the Mobility, Connected Devices and Consumer Packaging end-markets. Our teams serve these businesses with their excellence in advanced material sciences, aesthetically complex molding, precision machining and custom automation. Our DMS segment delivered FY20 revenues of $ billion, reflecting an 8 percent increase over fiscal 2019. We re excited about the balanced portfolio within our DMS segment, with intention placed on expanding operating margins while offering reliable cash Jabil s EMS segment represents our largest and most assorted collection of businesses, serving a wonderful blend of end-markets that include 5G and Cloud Computing, Energy, Industrial and Semi-cap Equipment, Digital Print and Retail, and Networking and Storage.