Fourth Quarter 2018 Earnings and First Quarter 2019 Guidance. September 25th 2018

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1 Fourth Quarter 2018 Earnings and First Quarter 2019 Guidance September 25th 2018

2 FORWARD LOOKING STATEMENTS Forward Looking Statements: These presentations contain forward-looking statements, including those regarding our anticipated financial results for our fourth quarter and full fiscal year 2018; our guidance for future financial performance in our first quarter of fiscal year 2019 (including, net revenue, total company and segment revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income, core diluted earnings per share results and the components thereof, net interest expense, and core tax rate; our guidance for future financial performance in full fiscal year 2019 (including, net revenue, core earnings per share results and the components thereof, core operating income, core operating margin, free cash flow, core EBITDA, core ROIC, segment end-market revenue results and the components thereof, segment core operating income margin, segment core EBITDA and net capex); those regarding our navigational beacon (including, net revenue, core earnings per share results and the components thereof, core operating margin, free cash flow, core EBITDA, and core ROIC); those regarding our examples for fiscal year 2021 (including, revenue, core operating income, core operating margin, free cash flow, and core earnings per share results and the components thereof); those regarding the timing and financial impact of new business awards; and those regarding the future financial impact of our strategic collaboration. The statements in this presentation are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for our fourth quarter and full fiscal year 2018 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; unexpected, adverse seasonal impacts on demand; performance in the markets in which we operate; changes in macroeconomic conditions; the occurrence of, success and expected financial results from, product ramps; our ability to maintain and improve costs, quality and delivery for our customers; whether our restructuring activities and the realignment of our capacity will adversely affect our cost structure, ability to service customers and labor relations; reliance on a limited number of suppliers for critical components; changes in technology; competition; anticipated growth for us and our industry that may not occur; managing rapid growth; managing rapid declines in customer demand and other related customer challenges that may occur; our ability to successfully consummate acquisitions and divestitures; managing the integration of businesses we acquire; risks associated with international sales and operations; retaining key personnel; our dependence on a limited number of large customers; and adverse changes in political conditions, in the U.S. and internationally, including, among others, adverse changes in tax laws and rates and our ability to estimate and manage their impact. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2017 and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements. PUBLIC Jabil Inc All Rights Reserved. 2

3 FOURTH QUARTER AND FISCAL YEAR 2018 INCOME HIGHLIGHTS (In millions, except for per share data) Three months ended August 31, Fiscal year ended August 31, Net revenue $5,772 $5,023 $22,095 $19,063 U.S. GAAP operating income $154 $118 $542 $410 U.S. GAAP net (loss) income ($57) $46 $86 $129 U.S. GAAP diluted (loss) earnings per share ($0.34) $0.25 $0.49 $0.69 Core operating income (non-gaap) 1 $212 $191 $768 $667 Core earnings (non-gaap) 1 $118 $117 $459 $393 Core diluted earnings per share (non-gaap) 1 $0.70 $0.64 $2.62 $ See U.S. GAAP to non-gaap reconciliation in appendix. PUBLIC Jabil Inc All Rights Reserved. 3

4 FOURTH QUARTER 2018 SEGMENT RESULTS Diversified Manufacturing Services (DMS) Net Revenue Increase of 11% Core margin* (non-gaap) of 2.7% Electronics Manufacturing Services (EMS) Net Revenue Increase of 18% Core margin* (non-gaap) of 4.4% EMS 58% $5.8B Revenue DMS 42% Total Company Net Revenue Increase of 15% Core margin* (non-gaap) of 3.7% EMS *Core margin = Core operating income (non-gaap) divided by net revenue PUBLIC Jabil Inc All Rights Reserved. 4

5 FIRST QUARTER 2019 GUIDANCE Segment Revenue Guidance Q1 FY19E YoY Change Diversified Manufacturing Services $2.85B Increase 5% Electronics Manufacturing Services $3.25B Increase 13% Consolidated Guidance Net revenue Q1 FY19 $5.8B - $6.4B U.S. GAAP operating income $158M - $223M U.S. GAAP diluted earnings per share $ $0.74 Core operating income (non-gaap) 1 $215M - $265M Net interest expense 2 $44M Core tax rate (non-gaap) 3 26% Core diluted earnings per share (non-gaap) 1 $ $ See U.S. GAAP to non-gaap reconciliation on Form-8K filed on September 25, Net interest expense = interest expense + loss on sale of AR - interest income 3 Core tax rate excludes the tax impacts related to amortization of intangibles, stock-based compensation expense and related charges, restructuring and related charges and acquisition and integration charges as well as the effects of the provisional estimates recorded for the Tax Cuts and Jobs Act of EMS

6 Appendix September 25th 2018

7 JABIL INC. AND SUBSIDIARIES OPERATING INCOME, EBITDA and NET INCOME NON-GAAP RECONCILIATION (In thousands, except for per share data) (Unaudited) Three months ended Fiscal year ended August 31, 2018 August 31, 2017 August 31, 2018 August 31, 2017 Operating income (U.S. GAAP) $ 153,896 $ 118,057 $ 542,153 $ 410,230 Amortization of intangibles 8,581 9,262 38,490 35,524 Stock-based compensation expense and related charges 15,689 15,167 98,511 48,544 Restructuring and related charges 7,440 46,866 36, ,395 Distressed customer charge 18,004-32,710 10,198 Business interruption and impairment charges, net ,299 - Loss on disposal of subsidiaries - 2,112-2,112 Acquisition and integration charges 8,082-8,082 - Adjustments to operating income 58,373 73, , ,773 Core operating income (Non-GAAP) $ 212,269 - $ 191,464 - $ #REF! 768,147 $ 667,003 Core operating income (Non-GAAP) $ 212,269 $ 191,464 $ 768,147 $ 667,003 Depreciation expense 181, , , ,857 Core EBITDA (Non-GAAP) $ 393,744 $ 372,048 $ 1,503,360 $ 1,391,860 Net (loss) income attributable to the Company (U.S. GAAP) $ (57,314) $ 45,679 $ 86,330 $ 129,090 Adjustments to operating income 58,373 73, , ,773 Impairment on securities ,539 Adjustment for taxes 117,167 (1,933) 146,206 (4,726) Core earnings (Non-GAAP) $ 118,226 - $ 117,153 - $ 458,530 $ 392,676 (Loss) earnings per share: (U.S. GAAP) Basic $ (0.34) $ 0.26 $ 0.50 $ 0.71 Diluted $ (0.34) $ 0.25 $ 0.49 $ 0.69 Core earnings per share: (Non-GAAP) Basic $ 0.71 $ 0.66 $ 2.66 $ 2.16 Diluted $ 0.70 $ 0.64 $ 2.62 $ 2.11 Common shares used in the calculation of earnings per share (U.S. GAAP): Basic 166, , , ,902 Diluted 166, , , ,838 Common shares used in the calculation of earnings per share (Non-GAAP): Basic 166, , , ,902 Diluted 169, , , ,838 PUBLIC Jabil Inc All Rights Reserved. 7

8 JABIL INC. AND SUBSIDIARIES CALCULATION OF RETURN ON INVESTED CAPITAL AND CORE RETURN ON INVESTED CAPITAL (In thousands) (Unaudited) Three months ended Fiscal year ended August 31, 2018 August 31, 2017 August 31, 2018 August 31, 2017 Numerator: Operating income (U.S. GAAP) $ 153,896 $ 118,057 $ 542,153 $ 410,230 Tax effect (1) (88,126) (35,771) (300,979) (137,087) After-tax operating income 65,770 82, , ,143 x4 x4 x1 x1 Annualized after-tax operating income $ 263,080 $ 329,144 $ 241,174 $ 273,143 Core operating income (Non-GAAP) $ 212,269 $ 191,464 $ 768,147 $ 667,003 Tax effect (2) (49,875) (37,610) (144,261) (134,930) After-tax core operating income 162, , , ,073 x4 x4 x1 x1 Annualized after-tax core operating income $ 649,576 $ 615,416 $ 623,886 $ 532,073 Denominator: Average total Jabil Inc. stockholders' equity (3) $ 2,061,699 $ 2,340,495 $ 2,151,886 $ 2,395,843 Average notes payable and long-term debt, less current installments (3) 2,321,562 1,638,591 $ 2,063,047 $ 1,853,302 Average current installments of notes payable and long-term debt (3) 148, ,241 $ 235,348 $ 245,654 Average cash and cash equivalents (3) (967,720) (966,925) $ (1,223,934) $ (1,050,989) Net invested capital base $ 3,564,239 $ 3,504,402 $ 3,226,347 $ 3,443,810 Return on Invested Capital (U.S. GAAP) 7.4% 9.4% 7.5% 7.9% Adjustments noted above 10.8% 8.2% 11.8% 7.6% Core Return on Invested Capital (Non-GAAP) 18.2% 17.6% 19.3% 15.5% (1) This amount is calculated by adding the amount of income taxes attributable to its operating income (U.S. GAAP) and its interest expense. (2) This amount is calculated by adding the amount of income taxes attributable to its core operating income (Non-GAAP) and its interest expense. (3) The average is based on the addition of the account balance at the end of the most recently-ended quarter to the account balance at the end of the prior quarter for the three months ended August 31, 2018 and 2017, respectively, and dividing by two. The average is based on the addition of the account balance at the end of the most recently-ended fiscal year to the account balance at the end of the prior fiscal year for the fiscal years ended August 31, 2018 and 2017, respectively, and dividing by two. PUBLIC Jabil Inc All Rights Reserved. 8