This document contains an earnings presentation by Ingram Micro Inc. for the third quarter of 2015. It provides financial results including net sales, operating income, interest and other expenses, net income, working capital metrics, return on invested capital, gross margin, non-GAAP operating margin, non-GAAP earnings per share, and comparisons to prior quarters. Non-GAAP measures exclude various special items to provide an alternate view of performance. Overall, worldwide net sales decreased 6% year-over-year on a US dollar basis but increased 2% adjusting for foreign exchange impacts.

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Earnings Presentation
Third Quarter 2015
Ended October 3, 2015
Reported October 29, 2015

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Certain comments made in this presentation may be characterized as forward-
looking statements under the Private Securities Litigation Reform Act of 1995.
Those statements involve a number of factors that could cause actual results to
differ materially from these forward looking statements.
Additional information concerning these factors is contained in the Company’s
latest Annual Report on Form 10-K under “Item 1A” “Risk Factors” and will be
contained in future filings with the SEC. Copies are available from the SEC, the
Company web site, or Ingram Micro Investor Relations.
Forward-Looking Statements

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• These slides include financial results prepared in accordance with generally accepted accounting principles (“GAAP”).
In addition to GAAP results, Ingram Micro is reporting non-GAAP operating income, non-GAAP operating margin,
non-GAAP net income, non-GAAP earnings per diluted share and non-GAAP return on invested capital. These non-
GAAP measures exclude charges associated with reorganization, acquisitions, integration and transition costs,
including those associated with the company’s previously announced cost savings programs, and the amortization of
intangible assets. These non-GAAP financial measures also exclude a charge related to an impairment of internally
developed software in the second quarter of 2015 resulting from the company’s decision to stop its global ERP
deployment, a charge in the third quarter of 2015 for an estimated settlement of employee related taxes assessed in
Europe, and a benefit related to the receipt of an LCD flat panel class action settlement in 2014. Non-GAAP net
income and non-GAAP earnings per diluted share also exclude the impact of foreign exchange gains or losses related
to the translation effect on Euro-based inventory purchases in Ingram Micro’s pan-European entity.
• The non-GAAP measures noted above are primary indicators that Ingram Micro’s management uses internally to
conduct and measure its business and evaluate the performance of its consolidated operations and operating
segments. Ingram Micro’s management believes these non-GAAP financial measures are useful because they
provide meaningful comparisons to prior periods and an alternate view of the impact of acquired businesses. These
non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with
GAAP. These non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when
viewed with our GAAP results and the accompanying reconciliations to corresponding GAAP financial measures,
provide a more complete understanding of factors and trends affecting Ingram Micro’s business. A material limitation
associated with these non-GAAP measures as compared to the GAAP measures is that they may not be comparable
to other companies with similarly titled items that present related measures differently. The non-GAAP measures
should be considered as a supplement to, and not as a substitute for or superior to, the corresponding measures
calculated in accordance with GAAP and may not be comparable to similarly titled measures used by other
companies.
Non-GAAP Information

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Net Sales
($ in millions)
October 3, 2015 September 27, 2014 USD % FXN % 1
North America 4,477.1$ 5,134.3$ -13% -11%
Europe 2,928.5 3,200.4 -8% 8%
Asia-Pacific 2,528.1 2,378.2 6% 16%
Latin America 582.2 524.9 11% 32%
Total Worldwide 10,515.9$ 11,237.8$ -6% 2%
1 Translated into constant currency
YoY %

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Operating Income
($ in millions) Thirteen Weeks Ended October 3, 2015
Stock-Based Consolidated
North America Europe Asia-Pacific Latin America Compensation Total
Net Sales 4,477.1$ 2,928.5$ 2,528.1$ 582.2$ -$ 10,515.9$
GAAP Operating Income 88.7$ 2.6$ 31.8$ 7.1$ (10.8)$ 119.4$
Reorganization, integration and transition costs 14.3 7.7 7.0 1.3 - 30.3
Amortization of intangible assets 8.1 3.2 2.0 0.9 - 14.2
Estimated settlement of employee related taxes - 4.7 - - - 4.7
Non-GAAP Operating Income 111.1$ 18.2$ 40.8$ 9.3$ (10.8)$ 168.6$
GAAP Operating Margin 1.98% 0.09% 1.26% 1.21% 1.14%
Non-GAAP Operating Margin 2.48% 0.62% 1.61% 1.59% 1.60%
Thirteen Weeks Ended September 27, 2014
Stock-Based Consolidated
North America Europe Asia-Pacific Latin America Compensation Total
Net Sales 5,134.3$ 3,200.4$ 2,378.2$ 524.9$ -$ 11,237.8$
GAAP Operating Income 85.7$ 2.1$ 31.0$ 9.2$ (8.3)$ 119.7$
Reorganization, integration and transition costs 9.9 15.4 0.7 0.5 - 26.5
Amortization of intangible assets 10.0 3.0 1.4 0.2 - 14.6
Non-GAAP Operating Income 105.6$ 20.5$ 33.1$ 9.9$ (8.3)$ 160.8$
GAAP Operating Margin 1.67% 0.07% 1.30% 1.75% 1.07%
Non-GAAP Operating Margin 2.06% 0.64% 1.39% 1.89% 1.43%

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Interest and Other Expense
($ in millions) Thirteen Weeks Ended
October 3, 2015 September 27, 2014
GAAP Interest and Other Expense 30.0$ 16.8$
Pan-Europe foreign exchange gain (loss) (2.3) 6.3
Non-GAAP Interest and Other Expense 27.7$ 23.1$

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Net Income
(Amounts in millions, except per share data)
October 3, 2015 September 27, 2014
Net Income Diluted EPS
(1)
Net Income Diluted EPS
(1)
As Reported Under GAAP 64.9$ 0.42$ 72.2$ 0.45$
Reorganization, integration and transition costs 22.4 0.15 20.3 0.13
Amortization of intangible assets 10.5 0.07 10.2 0.06
Estimated settlement of employee related taxes 3.5 0.02 - -
Pan-Europe foreign exchange loss (gain) 1.7 0.01 (4.4) (0.02)
Non-GAAP Financial Measure 103.0$ 0.67$ 98.3$ 0.62$
1. Per share impact is calculated by dividing net income by the diluted weighted average shares outstanding of 154.7 and 159.5
for the thirteen weeks ended October 3, 2015 and September 27, 2014, respectively.
Thirteen Weeks Ended

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Working Capital Metrics
1. DSO: Accounts Receivables Days of Sales Outstanding
2. DIO: Days of Inventory Outstanding
3. DPO: Days of Accounts Payable Outstanding
Quarter Ended Oct. 3 '15 Jul. 4 '15 Jan. 3 '15 Sep. 27 ’14
DSO
(1)
43 42 43 39
DIO
(2)
34 35 31 37
DPO
(3)
52 50 49 49
Working Capital Days 25 27 25 27

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Return on Invested Capital (ROIC)
1. NOPAT is net operating profit after tax for the trailing twelve month (TTM) period ended October 3, 2015, and is calculated by
reducing income from operations by the effective tax rate for the period (provision for income taxes divided by income before
income taxes).
2. Average invested capital equals the average of equity plus debt less cash as of the beginning and end of each quarter in the period.
3. ROIC is defined as TTM net operating profit after tax divided by average invested capital.
* Special items include reorganization, acquisitions, integration and transition costs, including those associated with the
company’s previously announced cost savings programs, and the amortization of intangible assets. They also include a charge of
$116 million related to an impairment of internally developed software in the second quarter of 2015 resulting from the
company’s decision to stop its global ERP deployment, a charge of $4.7 million in the third quarter of 2015 for an estimated
settlement of employee related taxes assessed in Europe and a benefit of $2.8 million related to the receipt of an LCD flat panel
class action settlement in the fourth quarter of 2014.
For the Trailing Twelve Months Ended October 3, 2015
Special
($ in millions) GAAP Items* Non-GAAP
Income from operations $420.2 $270.6 $690.8
Effective tax rate 30.0% 24.8% 28.0%
NOPAT
(1)
$294.2 $203.4 $497.6
Average invested capital
(2)
$4,687.4 $4,687.4
Return on invested capital
(3)
6.3% 10.6%

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Gross Margin

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Non-GAAP Operating Margin

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Non-GAAP EPS

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Prior Quarters Non-GAAP Operating Margin
($ in millions)
April 4, 2015 March 29, 2014
Net Sales 10,644.4$ 10,384.0$
GAAP Operating Income 97.7$ 68.4$
Reorganization, integration and transition costs 11.5 47.0
Amortization of intangible assets 16.0 14.1
LCD class action settlement - (6.6)
Non-GAAP Operating Income 125.2$ 122.9$
GAAP Operating Margin 0.92% 0.66%
Non-GAAP Operating Margin 1.18% 1.18%
July 4, 2015 June 28, 2014
Net Sales 10,553.3$ 10,909.4$
GAAP Operating Income 2.1 98.2
Reorganization, integration and transition costs 15.4 33.5
Amortization of intangible assets 17.1 14.4
Impairment of internally developed software 115.9 -
Non-GAAP Operating Income 150.5$ 146.2$
GAAP Operating Margin 0.02% 0.90%
Non-GAAP Operating Margin 1.43% 1.34%
Thirteen Weeks Ended
Thirteen Weeks Ended

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Prior Quarters Non-GAAP EPS
(Amounts in millions, except per share data)
April 4, 2015 March 29, 2014
Net Income Diluted EPS
(1)
Net Income Diluted EPS
(1)
As Reported Under GAAP 43.3$ 0.27$ 24.8$ 0.16$
Reorganization, integration and transition costs 11.0 0.07 38.9 0.25
Amortization of intangible assets 11.3 0.07 10.1 0.06
Pan-Europe foreign exchange loss (gain) 2.6 0.02 (1.2) (0.01)
LCD class action settlement - - (4.7) (0.03)
Non-GAAP Financial Measure 68.2$ 0.43$ 67.9$ 0.43$
July 4, 2015 June 28, 2014
Net Income (Loss) Diluted EPS
(2)
Net Income Diluted EPS
(2)
As Reported Under GAAP (34.3)$ (0.22)$ 50.6$ 0.32$
Reorganization, integration and transition costs 8.9 0.06 25.9 0.16
Amortization of intangible assets 12.6 0.08 10.3 0.06
Impairment of internally developed software 99.7 0.64 - -
Pan-Europe foreign exchange loss (gain) 0.8 0.00 (0.4) (0.00)
Share dilution
(3)
- (0.01) - -
Non-GAAP Financial Measure 87.7$ 0.55$ 86.4$ 0.54$
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Thirteen Weeks Ended
Per share impact is calculated by dividing net income by the diluted weighted average shares outstanding of 160.2 and 159.0
for the thirteen weeks ended April 4, 2015 and March 29, 2014, respectively.
Share dilution reflects impact of 3.2 common stock equivalents that are excluded from GAAP diluted weighted average shares
because they are antidilutive with respect to the GAAP net loss.
Per share impact is calculated by dividing net income by the diluted weighted average shares outstanding of 156.3 and 159.2
for the thirteen weeks ended July 4, 2015 and June 28, 2014, respectively.
Thirteen Weeks Ended

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