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TE CONNECTIVITY WHEN TECHNOLOGY CONNECTS, SO …

TE CONNECTIVITY 2021 ANNUAL REPORT. TE CONNECTIVITY . 2021 ANNUAL REPORT. WHEN. TECHNOLOGY . CONNECTS, SO DOES. HUMANITY. CORPORATE DATA BOARD OF DIRECTORS. REGISTERED & PRINCIPAL Thomas J. Lynch Dr. William A. Jeffrey EXECUTIVE OFFICE Non-Executive Chairman Retired Chief Executive Officer, Mark C. Trudeau TE CONNECTIVITY Ltd. M hlenstrasse 26 TE CONNECTIVITY Ltd. SRI International President and CH-8200 Schaffhausen Chief Executive Officer, Switzerland Dr. Pierre R. Brondeau* Heath A. Mitts Mallinckrodt plc + Chairman, Director and Executive Vice FMC Corporation President, Chief Financial Officer Dawn C. Willoughby INDEPENDENT AUDITORS TE CONNECTIVITY Ltd. Former Executive Vice President Deloitte & Touche LLP Terrence R. Curtin and COO, 1700 Market Street Director and Yong Nam The Clorox Company Philadelphia, PA 19103.

Transportation Solutions 60 % 56 % 58 % Industrial Solutions 26 31 30 ... solutions that are used by customers across multiple industries, including automotive, industrial equipment, commercial transportation, medical solutions, aerospace and defense, and consumer applications. ... procurement construction companies serving the electrical power ...

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Transcription of TE CONNECTIVITY WHEN TECHNOLOGY CONNECTS, SO …

1 TE CONNECTIVITY 2021 ANNUAL REPORT. TE CONNECTIVITY . 2021 ANNUAL REPORT. WHEN. TECHNOLOGY . CONNECTS, SO DOES. HUMANITY. CORPORATE DATA BOARD OF DIRECTORS. REGISTERED & PRINCIPAL Thomas J. Lynch Dr. William A. Jeffrey EXECUTIVE OFFICE Non-Executive Chairman Retired Chief Executive Officer, Mark C. Trudeau TE CONNECTIVITY Ltd. M hlenstrasse 26 TE CONNECTIVITY Ltd. SRI International President and CH-8200 Schaffhausen Chief Executive Officer, Switzerland Dr. Pierre R. Brondeau* Heath A. Mitts Mallinckrodt plc + Chairman, Director and Executive Vice FMC Corporation President, Chief Financial Officer Dawn C. Willoughby INDEPENDENT AUDITORS TE CONNECTIVITY Ltd. Former Executive Vice President Deloitte & Touche LLP Terrence R. Curtin and COO, 1700 Market Street Director and Yong Nam The Clorox Company Philadelphia, PA 19103.

2 Deloitte AG Chief Executive Officer, Former Chief Executive Officer, Pfingstweidstrasse 11 TE CONNECTIVITY Ltd. LG Electronics Inc. Laura H. Wright 8005 Zurich Retired Chief Financial Officer, Switzerland Carol A. John Davidson Daniel J. Phelan Southwest Airlines Co. Retired Senior Vice President, Retired Chief of Staff, STOCK EXCHANGE Controller and Chief Accounting GlaxoSmithKline plc The company's common shares are traded on the New York Officer, Stock Exchange (NYSE) under the ticker symbol TEL. Tyco International Ltd. Abhijit Y. Talwalkar Former President and FORM 10-K Lynn A. Dugle Chief Executive Officer, Copies of the company's Annual Report on Form 10-K Former CEO and President, LSI Corporation *Lead Independent Director of the for the fiscal year ended September 24, 2021 may be Engility Holdings, Inc.

3 TE CONNECTIVITY Ltd. Board of Directors obtained by shareholders without charge upon written request to: TE CONNECTIVITY Ltd. M hlenstrasse 26. CH-8200 Schaffhausen Switzerland LEADERSHIP TEAM AND OFFICERS. The Annual Report on Form 10-K is also available on the company's website at Terrence R. Curtin John S. Jenkins, Jr. Heath A. Mitts Chief Executive Officer Executive Vice President, Executive Vice President, and Director General Counsel Chief Financial Officer and SHAREHOLDER SERVICES Director Registered shareholders (shares held in your own name with our transfer agent) with requests such as change Claudia Anderson Arvind Kaushal of address or dividend checks should contact Vice President, Senior Vice President, Timothy J. Murphy TE CONNECTIVITY 's transfer agent at: Chief Continuous Chief Strategy Officer Senior Vice President, Equiniti Shareowner Services Improvement Officer Chief Human Resources Officer 1110 Centre Pointe Curve, Suite 101.

4 Mendota Heights, MN 55120-4100 Shad W. Kroeger Davy Brown President, Robert J. Ott Vice President and Industrial Solutions Senior Vice President, Chief TECHNOLOGY Officer, Corporate Controller Beneficial shareholders (shares held with a bank or broker). should contact the bank or brokerage holding their shares Industrial Solutions Karen Leggio with their requests. Other shareholder inquiries may be Senior Vice President, Jeanne Quirk directed to TE CONNECTIVITY Shareholder Services at the Joel Dubs General Manager, Channel Senior Vice President, company's registered and principal executive office above. Senior Vice President, Mergers and Acquisitions Operations Jimmy McDonald Vice President, Eric J. Resch Joseph F. Eckroth, Jr. Chief Supply Chain Officer Senior Vice President, Senior Vice President, Chief Tax Officer Chief Information Officer Steven T.

5 Merkt 2022 TE CONNECTIVITY Ltd. All Rights Reserved. 001-AR-FY2021 President, Aaron K. Stucki Jean-Jacques Fotzeu Transportation Solutions President, Communications TE CONNECTIVITY and TE CONNECTIVITY (logo) are trademarks. This report further contains other trademarks Senior Vice President, Solutions of ours and additional trade names and trademarks of other companies that are not owned by TE CONNECTIVITY . We do not intend our use or display of other companies' trade names or trademarks to imply an endorsement or Treasurer sponsorship of us by such companies, or any relationship with any of these companies. TE CONNECTIVITY LTD. ANNUAL REPORT. TABLE OF CONTENTS. Page Business 1. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 8.

6 Management's Discussion and Analysis of Financial Condition and Results of Operations 9. Quantitative and Qualitative Disclosures About Market Risk 27. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 29. Controls and Procedures 29. Consolidated Financial Statements 31. Swiss Statutory Financial Statements 85. Swiss Statutory Compensation Report 101. i SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS. We have made forward-looking statements in this Annual Report that are based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, the information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, acquisitions, divestitures, the effects of competition, and the effects of future legislation or regulations.

7 Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words believe, expect, plan, intend, anticipate, estimate, predict, potential, continue, may, and should, or the negative of these terms or similar expressions. Forward-looking statements involve risks, uncertainties, and assumptions. Actual results may differ materially from those expressed in these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. We do not have any intention or obligation to update forward-looking statements after we file this report except as required by law. The risk factors described in this Annual Report and those discussed in our Annual Report on Form 10-K for the fiscal year ended September 24, 2021 filed with the United States ( ) Securities and Exchange Commission (the SEC ).

8 Could cause our results to differ materially from those expressed in forward-looking statements. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business. ii TE CONNECTIVITY and TE CONNECTIVITY (logo) are trademarks. This report further contains other trademarks of ours and additional trade names and trademarks of other companies that are not owned by TE CONNECTIVITY . We do not intend our use or display of other companies' trade names or trademarks to imply an endorsement or sponsorship of us by such companies, or any relationship with any of these companies. 2022 TE CONNECTIVITY Ltd. All Rights Reserved. BUSINESS. General TE CONNECTIVITY Ltd. ( TE CONNECTIVITY or the Company, which may be referred to as we, us, or our ) is a global industrial TECHNOLOGY leader creating a safer, sustainable, productive, and connected future.

9 Our broad range of CONNECTIVITY and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical TECHNOLOGY , energy, data communications, and the home. We became an independent, publicly traded company in 2007; however, through our predecessor companies, we trace our foundations in the CONNECTIVITY business back to 1941. We are organized under the laws of Switzerland. The rights of holders of our shares are governed by Swiss law, our Swiss articles of association, and our Swiss organizational regulations. We have a 52- or 53-week fiscal year that ends on the last Friday of September. Fiscal 2021, 2020, and 2019 were each 52 weeks in length and ended on September 24, 2021, September 25, 2020, and September 27, 2019, respectively.

10 For fiscal years in which there are 53 weeks, the fourth fiscal quarter includes 14 weeks, with the next such occurrence taking place in fiscal 2022. COVID-19 Pandemic A novel strain of coronavirus ( COVID-19 ) was first identified in China in December 2019 and subsequently declared a pandemic by the World Health Organization. COVID-19 has surfaced in nearly all regions around the world and resulted in business slowdowns or shutdowns and travel restrictions in affected areas. The pandemic had a significant, negative impact on our sales and operating results during fiscal 2020 and continued to negatively affect certain of our businesses in fiscal 2021. See Management's Discussion and Analysis of Financial Condition and Results of Operations for discussion regarding the impact of the COVID-19 pandemic on our financial results.


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