Mr. Rob Mionis reports

CELESTICA ANNOUNCES $3 BILLION EQUITY OFFERING TO ACCELERATE GROWTH ACROSS GLOBAL AI INFRASTRUCTURE

Celestica Inc. has arranged an equity offering totalling $3-billion, in order to finance investments in its business to support unprecedented multiyear demand from its customer base.

Proposed offering

Celestica today announced a $3-billion treasury offering of common shares. The company intends to grant the underwriters a 30-day option to purchase up to an additional 15 per cent of the common shares offered.

BofA Securities and Citigroup are acting as joint lead bookrunners (in alphabetical order), and TD Securities is acting as bookrunner for the offering.

Capitalizing on multiyear AI (artificial intelligence) infrastructure expansion

Driven by robust demand and expanding visibility across the global AI infrastructure buildout, Celestica is announcing a $3-billion equity offering to accelerate its long-term growth strategy. As a critical engineering and manufacturing partner to the world's leading technology companies, Celestica is investing to capture multiyear growth opportunities across its key markets of high performance AI compute and data center Ethernet networking.

"We are experiencing accelerating momentum across our business, giving us strong conviction to continue investing behind our capabilities," said Mandeep Chawla, chief financial officer. "Maintaining a robust capital structure with enhanced balance sheet flexibility is central to executing our long-term strategy, ensuring we can seamlessly scale alongside our customers' evolving multiyear capital deployment plans."

"Strong operational execution across both segments, combined with unprecedented demand from our connectivity and cloud solutions (CCS) customers, underscores the significant scale of the AI infrastructure buildout," said Rob Mionis, chief executive officer. "Our demand outlook is the strongest in the company's history and our multiyear visibility continues to strengthen. Celestica's market leadership and disciplined execution, fully supported by this transaction, position us to capitalize on this secular growth and deliver long-term shareholder value."

Use of proceeds

Net proceeds from the offering are expected to be used for working capital and to support investments in capital expenditures, in addition to other general corporate purposes.

Closing

The closing of the offering is subject to customary closing conditions, including the entering into of an underwriting agreement and the listing of the additional common shares on the New York Stock Exchange and the Toronto Stock Exchange.

About Celestica Inc.

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain and platform solutions, Celestica enables critical data centre infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.

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