Avnet reported financial results for the fourth quarter of fiscal year 2016, with overall sales decreasing year-over-year. Specifically, Q4 sales were $6.2 billion, down 8.4% from the previous year. Adjusted operating income margin also decreased from the prior year to 3.1%. Adjusted earnings per share for the quarter were $0.86, representing a 25.9% decline. The company also provided an outlook for the first quarter of fiscal year 2017 with projected sales between $5.8-6.4 billion and adjusted EPS in the range of $0.84-0.94.

1. 1 August 2016
Avnet Quarterly Synopsis – Q4 FY16
*This PPT is updated in conjunction with Avnet’s quarterly financial results, which are announced
several weeks after the fiscal quarter closes. Non-financial highlights included in this PPT may
include developments announced in the first few weeks of Q1 FY17.
August 2016

2. 2 August 2016
FY16 Avnet, Inc. Summary
Sales of $26.2 billion
decreased 6.1% year
over year (3.2% in
constant currency)1.
Adjusted diluted
earnings per share
(EPS) of $4.22
decreased 6% year
over year.
Adjusted operating
income margin
decreased 6 basis
points year over year
to 3.4%.
1 Constant currency (revenue excluding the translation impact of changes in foreign currency exchange rates) is defined on slide 12

3. 3 August 2016
Q4 FY16 Avnet Revenue
($inBillions)
Sales of $6.2 billion decreased 8.4% year over year
$7.0 $6.8 $7.6 $6.7 $6.8 $7.0 $6.8 $6.2 $6.2
$5.0
$5.3
$5.5
$5.8
$6.0
$6.3
$6.5
$6.8
$7.0
$7.3
$7.5
$7.8
Q414 Q115 Q215 Q315 Q415 Q116 Q216 Q316 Q416

4. 4 August 2016
Q4 FY16 Avnet Operating Income and Margin1
1 Excluding restructuring, integration and other items
Adjusted operating income margin decreased 46 basis points year over year to 3.1%
$244.9 $223.7 $274.6 $230.4 $243.8 $240.4 $255.3 $205.2 $194.7
3.5%
3.3%
3.6%
3.4%
3.6%
3.5%
3.7%
3.3%
3.1%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
$0
$50
$100
$150
$200
$250
$300
Q414 Q115 Q215 Q315 Q415 Q116 Q216 Q316 Q416
Operating Income Operating Margin
($inMillions)

5. 5 August 2016
Q4 FY16 Avnet Earnings Per Share (EPS)1
Adjusted diluted EPS of $0.86 decreased 25.9% year over year
$1.14
$1.02
$1.27
$1.04
$1.16
$1.12
1.22
$1.01
$0.86
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Q414 Q115 Q215 Q315 Q415 Q116 Q216 Q316 Q416
1 Excluding restructuring, integration and other items

6. 6 August 2016
Avnet Highlights
• Bill Amelio named interim CEO of Avnet
• Moved up to #102 on the FORTUNE 500 U.S. list
• Moved up to #380 on the FORTUNE Global 500
• Announced offer to acquire Premier Farnell
• Launched Innovation Lab at Arizona State University

7. 7 August 2016
Avnet Cares Highlights
MSC Technologies
employees in Malta
planted Sandarac Gum
trees, the national tree,
which is at high risk of
becoming extinct.
The Avnet Executive
Board helped deliver
1,600 candy grams in
Phoenix, raising more
than $7,400 to benefit
A Stepping Stone
Foundation.
Avnet’s summer interns
volunteered a collective
300 hours packing
meals at St. Mary’s
Food Bank in Phoenix
for families in need.

8. 8 August 2016
Q4 FY16: Electronics Marketing
• Q4 FY16 sales of $3.9 billion
• Decrease of 8.7% year over year
• Decrease of 2.5% quarter over quarter
• 13th consecutive quarter of year-over-year growth for EM EMEA
• Operating income of $155.6 million decreased 24.4% year over year
• Operating income margin of 4.0% decreased 82 basis points year over year
• Enhanced digital presence in all regions
• Selected as Broadcom’s exclusive broadline distributor in Americas & EMEA
• Introduced industrial IoT starter kit

9. 9 August 2016
Q4 FY16: Technology Solutions
• Sales of $2.3 billion
• Decrease of 7.8% year over year
• Increase of 7.2% quarter over quarter
• Operating income of $70.8 million decreased 8.8% year over year
• Operating income margin of 3.1% decreased 3 basis points year over year
• Solutions specialist approach and specialist business units launched in all
regions
• Software and services sales increased year over year - total of 56% of gross
billings
• Double-digit year-over-year growth
• Cloud, data analytics, mobility, enterprise networking and flash-based
storage
• New IBM, CoreSite and VMware offerings added to Avnet Cloud Marketplace

10. 10 August 2016
Q1 FY17 Outlook1
1 The guidance assumes that the average U.S. dollar to euro currency exchange rate for the first quarter of fiscal 2017 is $1.11 to €1.00.
2 Excludes restructuring, integration and other charges related to cost reductions and acquisitions and the amortization of intangibles.
Avnet, Inc. Revenue Adjusted EPS 2
$3.9B to $4.2B
EM
$1.9B to $2.2B
TS
Op Group Revenue
$5.8B to $6.4B
$0.84 to $0.94
Assumes 130 million average
diluted shares outstanding
and a tax rate of 26% to 30%

11. 11 August 2016
Addendum

12. 12 August 2016
Non-GAAP Financial Information and Reconciliation
A reconciliation of non-GAAP financial information is attached as exhibit 99.2 (“Exhibit 99.2”) to the Form 8-K filed with the Securities Exchange Commission on August 10, 2016.
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 income tax expense, 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 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 on sales, income or expense items for subsidiaries reporting in currencies other than the U.S. Dollar, the Company adjusts the average
exchange rates used in current periods to be consistent with the average exchange rates in effect during the comparative period.
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, are useful measures 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.
Management also believes income tax expense, net income and diluted EPS adjusted for (i) the impact of the items described above, (ii) certain items impacting other expense and
(iii) certain items impacting income tax expense 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 profitability 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.