8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 23, 2014

TE CONNECTIVITY LTD.

(Exact Name of Registrant as Specified in its Charter)

Switzerland	98-0518048
(Jurisdiction of Incorporation)	(IRS Employer Identification Number)

001-33260
(Commission File Number)

Rheinstrasse 20

CH-8200 Schaffhausen

Switzerland

(Address of Principal Executive Offices, including Zip Code)

+41 (0)52 633 66 61

(Registrant’s Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition

On July 23, 2014, TE Connectivity Ltd. (the “Company”) issued a press release reporting the Company’s third quarter results for fiscal 2014. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference in this Item 2.02.

Item 7.01.  Regulation FD Disclosure

The Company will hold a conference call and webcast on July 23, 2014 (see information in the press release attached hereto as Exhibit 99.1 under “Conference Call and Webcast”).  A copy of the slide materials to be discussed at the conference call and webcast is being furnished pursuant to Regulation FD as Exhibit 99.2 and is incorporated herein by reference, and the slide materials also can be accessed at the “Investors” section of the Company’s website (www.te.com).

Item 9.01.  Financial Statements and Exhibits

(d)        Exhibits

Exhibit No.	Description
99.1	Press release issued July 23, 2014
99.2	Presentation — TE Connectivity Q3 2014 Earnings Call (July 23, 2014)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TE CONNECTIVITY LTD.
(Registrant)
By:	/s/ Robert W. Hau
	Robert W. Hau
	Executive Vice President and Chief Financial Officer

Date: July 23, 2014

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EX-99.1

Exhibit 99.1

TE Connectivity Reports Third Quarter Results

Sales Up 4 Percent; GAAP EPS Up 23 Percent; Adjusted EPS Up 14 Percent

SCHAFFHAUSEN, Switzerland — July 23, 2014 — TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal third quarter ended June 27, 2014.

Third Quarter Highlights

·Net sales increased to $3.58 billion, up 4 percent versus the prior year

·Adjusted Earnings Per Share were $1.00, up 14 percent versus the prior year and at the high end of our guidance range

·Diluted Earnings Per Share from Continuing Operations (GAAP EPS) were $0.97, up 23 percent versus the prior year

·Free Cash Flow was $530 million; returned $169 million to shareholders through share repurchases and dividends

·Announced the planned acquisition of Measurement Specialties, Inc. to establish TE as a leader in the high-growth sensor market

“We had a strong quarter with continued sales momentum and adjusted EPS at the high end of our guidance range,” said Tom Lynch, TE Connectivity Chairman and CEO. “Our performance was led by continued strength in our Transportation and Industrial segments and our Appliances business — businesses that are focused on higher margin harsh environment applications.

“Since the last quarter, we announced strategic acquisitions that expand our position in high-growth industries. We are excited about the announced acquisition of Measurement Specialties, Inc., which will add nearly $40 billion to our addressable market.  Having closed on the acquisition of the SEACON Group, we have significantly expanded our business in the very attractive oil and gas market. These acquisitions position TE as a leading provider of highly engineered connectivity and sensor solutions — technologies that are essential in an increasingly connected world.

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“We expect continued strength in our Transportation and Industrial segments for the remainder of the fiscal year. For the first nine months of the year, we generated $1.1 billion in free cash flow and returned over 70 percent to shareholders. For the full year, we are reiterating our guidance and expect adjusted EPS growth of approximately 17 percent, sales growth of 5 percent, and adjusted operating margins above our target of 15 percent.”

FISCAL THIRD QUARTER RESULTS

The company reported net sales of $3.58 billion, compared to prior year sales of $3.45 billion. Adjusted EPS were $1.00, compared to $0.88 in the prior year. GAAP EPS were $0.97, compared to $0.79 in the prior year.  Free cash flow was $530 million for the quarter.

GAAP EPS includes $0.03 of restructuring and other charges.

Excluding Subsea Communications, total company orders were $3.48 billion, up 2 percent, and the book-to-bill ratio was 0.99.

OUTLOOK

For the fourth quarter, the company expects net sales of $3.56 to $3.66 billion and adjusted EPS of $0.98 to $1.02.  GAAP EPS are expected to be $0.93 to $0.97, including restructuring charges of $0.03, acquisition related charges of $0.06, and income related to other items of $0.04.

For the full year, the company expects net sales of $13.9 to $14 billion and adjusted EPS of $3.76 to $3.80. GAAP EPS are expected to be $3.62 to $3.66, including restructuring charges of $0.10, acquisition related charges of $0.07, expense from tax-related items of $0.01, and income related to other items of $0.04.

The outlook assumes foreign exchange and commodity rates that are consistent with current levels.

Information about TE Connectivity’s use of non-GAAP financial measures is described at the end of this press release. For a reconciliation of these non-GAAP financial measures, see the attached tables.

CONFERENCE CALL AND WEBCAST

·The company will hold a conference call for investors today beginning at 8:30 a.m. EDT.

·Internet users will be able to access the company’s earnings webcast, including slide materials, at the “Investors” section of TE Connectivity’s website: http://investors.te.com

·By telephone: For both “listen-only” participants and those participants who wish to take part in the

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question-and-answer portion of the call, the telephone dial-in number in the United States is (800) 230-1074. The telephone dial-in number for participants outside the United States is (612) 234-9960.

·An audio replay of the conference call will be available beginning at 10:30 a.m. EDT on July 23, 2014, and ending at 11:59 p.m. EDT on July 30, 2014. The dial-in number for participants in the United States is (800) 475-6701. For participants outside the United States, the replay dial-in number is (320) 365-3844. The replay access code for all callers is 329466.

NON-GAAP MEASURES

“Organic Sales Growth,” “Adjusted Operating Income,” “Adjusted Operating Margin,” “Adjusted Other Income, Net,” “Adjusted Income Tax Expense,” “Adjusted Income from Continuing Operations,” “Adjusted Earnings Per Share,” and “Free Cash Flow” (FCF) are non-GAAP measures and should not be considered replacements for GAAP results.

“Organic Sales Growth” is a useful measure used by us to measure the underlying results and trends in the business. The difference between reported net sales growth (the most comparable GAAP measure) and Organic Sales Growth (the non-GAAP measure) consists of the impact from foreign currency exchange rates and acquisitions and divestitures, if any. Organic Sales Growth is a useful measure of our performance because it excludes items that: i) are not completely under management’s control, such as the impact of changes in foreign currency exchange rates; or ii) do not reflect the underlying growth of the company, such as acquisition and divestiture activity. The limitation of this measure is that it excludes items that have an impact on our sales. This limitation is best addressed by using organic sales growth in combination with the GAAP results.

We present operating income before special items including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any (“Adjusted Operating Income”). We utilize Adjusted Operating Income to assess segment level core operating performance and to provide insight to management in evaluating segment operating plan execution and underlying market conditions. It also is a significant component in our incentive compensation plans. Adjusted Operating Income is a useful measure for investors because it provides insight into our underlying operating results, trends, and the comparability of these results between periods. The difference between Adjusted Operating Income and operating income (the most comparable GAAP measure) consists of the impact of charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any, that may mask the underlying operating results and/or business trends. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported operating income. This limitation is best addressed by using Adjusted Operating Income in combination with operating income (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease on reported results.

We present operating margin before special items including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any (“Adjusted Operating Margin”). We present Adjusted Operating Margin before special items to give investors a perspective on the underlying business results. It also is a significant component in our incentive compensation plans. This measure should be considered in conjunction with operating margin calculated using our GAAP results in order to understand the amounts, character and impact of adjustments to operating margin.

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We present other income, net before special items including tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any (“Adjusted Other Income, Net”). We present Adjusted Other Income, Net as we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. The difference between Adjusted Other Income, Net and other income, net (the most comparable GAAP measure) consists of tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease other income, net. This limitation is best addressed by using Adjusted Other Income, Net in combination with other income, net (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease in reported amounts.

We present income tax expense after adjusting for the tax effect of special items including charges related to restructuring and other charges, acquisition related charges, impairment charges, other income or charges, and certain significant special tax items, if any (“Adjusted Income Tax Expense”). We present Adjusted Income Tax Expense to provide investors further information regarding the tax effects of adjustments used in determining the non-GAAP financial measure Adjusted Income from Continuing Operations (as defined below). The difference between Adjusted Income Tax Expense and income tax expense (the most comparable GAAP measure) is the tax effect of adjusting items and certain significant special tax items, if any. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease income tax expense. This limitation is best addressed by using Adjusted Income Tax Expense in combination with income tax expense (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease in reported amounts.

We present income from continuing operations attributable to TE Connectivity Ltd. before special items including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or charges, if any, and, if applicable, related tax effects (“Adjusted Income from Continuing Operations”). We present Adjusted Income from Continuing Operations as we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. Adjusted Income from Continuing Operations provides additional information regarding our underlying operating results, trends and the comparability of these results between periods. The difference between Adjusted Income from Continuing Operations and income from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) consists of the impact of charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or charges, if any, and, if applicable, related tax effects. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using Adjusted Income from Continuing Operations in combination with income from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease in reported amounts.

We present diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. before special items, including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or

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charges, if any, and, if applicable, related tax effects (“Adjusted Earnings Per Share”). We present Adjusted Earnings Per Share because we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. We believe such a measure provides a picture of our results that is more comparable among periods since it excludes the impact of special items, which may recur, but tend to be irregular as to timing, thereby making comparisons between periods more difficult. It also is a significant component in our incentive compensation plans. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using Adjusted Earnings Per Share in combination with diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease on reported results.

“Free Cash Flow” (FCF) is a useful measure of our ability to generate cash.  It also is a significant component in our incentive compensation plans.  The difference between net cash provided by continuing operating activities (the most comparable GAAP measure) and FCF (the non-GAAP measure) consists mainly of significant cash outflows and inflows that we believe are useful to identify.  We believe free cash flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations.

FCF is defined as net cash provided by continuing operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant and equipment.  These items are subtracted because they represent long-term commitments.  Voluntary pension contributions are excluded from the GAAP measure because this activity is driven by economic financing decisions rather than operating activity.  Certain special items, including net payments related to pre-separation tax matters, also are considered by management in evaluating free cash flow.  We believe investors should also consider these items in evaluating our free cash flow.  We forecast our cash flow results excluding any voluntary pension contributions because we have not yet made a determination about the amount and timing of any such future contributions.  In addition, our forecast excludes the cash impact of special items because we cannot predict the amount and timing of such items.

FCF as presented herein may not be comparable to similarly-titled measures reported by other companies.  The primary limitation of this measure is that it excludes items that have an impact on our GAAP cash flow.  Also, it subtracts certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP measure indicates.  This limitation is best addressed by using FCF in combination with the GAAP cash flow results.  It should not be inferred that the entire free cash flow amount is available for future discretionary expenditures, as our definition of free cash flow does not consider certain non-discretionary expenditures, such as debt payments.  In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of free cash flow.

FORWARD-LOOKING STATEMENTS

This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the

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words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results, our ability to realize projected financial impacts of and to integrate the acquisition of the SEACON Group (“SEACON”) and our planned acquisition of Measurement Specialties, Inc. (“MEAS”). Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, particularly in the automotive industry and the telecommunications networks and consumer devices industries; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; the possible effects on us of changes in tax laws, tax treaties and other legislation; the risk that the acquisition of MEAS may not be consummated; the risk that a regulatory approval that may be required for the MEAS acquisition is not obtained or is obtained subject to conditions that are not anticipated; the risk that revenue opportunities, cost savings and other anticipated synergies from the MEAS acquisition or the SEACON acquisition may not be fully realized or may take longer to realize than expected; and the risk that MEAS’ operations or SEACON’s operations will not be successfully integrated into ours. More detailed information about these and other factors is set forth in TE Connectivity Ltd.’s Annual Report on Form 10-K for the fiscal year ended Sept. 27, 2013 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

This communication is for informational purposes only and does not constitute an offer to purchase or a solicitation of any proxy, vote or approval. In connection with the proposed merger, Measurement Specialties, Inc. (“MEAS”) intends to file a proxy statement and related documents with the SEC.  The definitive proxy statement will be mailed to MEAS shareholders.  INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the proxy statement and other relevant documents (in each case when available) filed by MEAS and TE Connectivity Ltd. with the SEC at the website maintained by the SEC at www.sec.gov. Copies of the documents filed by MEAS with the SEC will be available free of charge at the website maintained by MEAS at www.meas-spec.com. Copies of the documents filed by TE Connectivity Ltd. with the SEC will be available free of charge at the website maintained by TE at www.te.com.

MEAS and its directors, executive officers and certain other employees may be deemed to be participants in the solicitation of proxies from MEAS’ shareholders with respect to the proposed merger.  Information about MEAS’ directors and executive officers and their ownership of MEAS’ common stock is set forth in the proxy statement for MEAS’ 2013 Annual Meeting of Shareholders, which was filed with the SEC on July 29, 2013.  Additional information regarding persons who may be deemed to be participants in the solicitation of proxies in respect of the proposed merger will be contained in the proxy statement to be filed by MEAS with the SEC.  TE Connectivity Ltd. and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from MEAS’ shareholders with respect to the merger. Information about TE’s directors and executive officers is set forth in the proxy statement for TE’s 2014 Annual Meeting of Shareholders, which was filed with the SEC on

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January 15, 2014, TE’s Annual Report on Form 10-K for the fiscal year ended September 27, 2013, which was filed with the SEC on November 15, 2013, and TE’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 28, 2014 and December 27, 2013, which were filed with the SEC on April 24, 2014 and January 23, 2014 respectively.

ABOUT TE CONNECTIVITY

TE Connectivity (NYSE: TEL) is a $13 billion world leader in connectivity. The company designs and manufactures products at the heart of electronic connections for the world’s leading industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity’s long-standing commitment to innovation and engineering excellence helps its customers solve the need for more energy efficiency, always-on communications and ever-increasing productivity. With nearly 90,000 employees in over 50 countries, TE Connectivity makes connections the world relies on to work flawlessly every day. To connect with the company, visit www.TE.com.

# # #

Contacts: Media Relations: Jane Crawford TE Connectivity 610-893-9689 - Office Jane.crawford@te.com Investor Relations: Sujal Shah TE Connectivity 610-893-9790 - Office Sujal.shah@te.com Will Ruthrauff TE Connectivity 610-893-9565 - Office Will.ruthrauff@te.com

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TE CONNECTIVITY LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	For the Quarters Ended						For the Nine Months Ended
	June 27,			June 28,			June 27,			June 28,
	2014			2013			2014			2013
	(in millions, except per share data)
Net sales	$	3,580		$	3,449		$	10,337		$	9,848
Cost of sales	2,376			2,317			6,843			6,675
Gross margin	1,204			1,132			3,494			3,173
Selling, general, and administrative expenses	483			456			1,421			1,322
Research, development, and engineering expenses	171			167			505			509
Acquisition and integration costs	1			3			2			11
Restructuring and other charges, net	14			67			42			240
Operating income	535			439			1,524			1,091
Interest income	4			4			13			13
Interest expense	(30		)	(36		)	(94		)	(108		)
Other income (expense), net	9			18			57			(199		)
Income from continuing operations before income taxes	518			425			1,500			797
Income tax (expense) benefit	(113		)	(93		)	(376		)	92
Income from continuing operations	405			332			1,124			889
Income (loss) from discontinued operations, net of income taxes	(2		)	3			(6		)	—
Net income attributable to TE Connectivity Ltd.	$	403		$	335		$	1,118		$	889
Basic earnings per share attributable to TE Connectivity Ltd.:
Income from continuing operations	$	0.99		$	0.80		$	2.74		$	2.12
Income (loss) from discontinued operations	—			0.01			(0.01		)	—
Net income	0.99			0.81			2.73			2.12
Diluted earnings per share attributable to TE Connectivity Ltd.:
Income from continuing operations	$	0.97		$	0.79		$	2.70		$	2.10
Income (loss) from discontinued operations	—			0.01			(0.01		)	—
Net income	0.97			0.80			2.68			2.10
Dividends and cash distributions paid per common share	$	0.29		$	0.25		$	0.79		$	0.67
Weighted-average number of shares outstanding:
Basic	409			415			410			419
Diluted	416			421			417			423

TE CONNECTIVITY LTD.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	June 27,			September 27,
	2014			2013
	(in millions, except share data)
Assets
Current assets:
Cash and cash equivalents	$	1,613		$	1,403
Accounts receivable, net of allowance for doubtful accounts of $39 and $48, respectively	2,503			2,323
Inventories	1,810			1,762
Prepaid expenses and other current assets	605			487
Deferred income taxes	342			334
Total current assets	6,873			6,309
Property, plant, and equipment, net	3,154			3,166
Goodwill	4,354			4,326
Intangible assets, net	1,173			1,244
Deferred income taxes	1,997			2,146
Receivable from Tyco International Ltd. and Covidien plc	1,024			1,002
Other assets	296			268
Total Assets	$	18,871		$	18,461
Liabilities and Equity
Current liabilities:
Current maturities of long-term debt	$	625		$	711
Accounts payable	1,433			1,383
Accrued and other current liabilities	1,683			1,762
Deferred revenue	119			68
Total current liabilities	3,860			3,924
Long-term debt	2,375			2,303
Long-term pension and postretirement liabilities	1,125			1,155
Deferred income taxes	321			321
Income taxes	2,012			1,979
Other liabilities	330			393
Total Liabilities	10,023			10,075
Commitments and contingencies
Equity:
TE Connectivity Ltd. shareholders’ equity:
Common shares, 419,070,781 shares authorized and issued, CHF 0.57 par value, and 428,527,307 shares authorized and issued, CHF 0.57 par value, respectively	184			189
Contributed surplus	5,224			6,136
Accumulated earnings	3,590			2,472
Treasury shares, at cost, 9,397,171 and 17,020,636 shares, respectively	(513		)	(720		)
Accumulated other comprehensive income	357			303
Total TE Connectivity Ltd. shareholders’ equity	8,842			8,380
Noncontrolling interests	6			6
Total Equity	8,848			8,386
Total Liabilities and Equity	$	18,871		$	18,461

TE CONNECTIVITY LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the Quarters Ended						For the Nine Months Ended
	June 27,			June 28,			June 27,			June 28,
	2014			2013			2014			2013
	(in millions)
Cash Flows From Operating Activities:
Net income attributable to TE Connectivity Ltd.	$	403		$	335		$	1,118		$	889
(Income) loss from discontinued operations, net of income taxes	2			(3		)	6			—
Income from continuing operations	405			332			1,124			889
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	154			147			457			457
Non-cash restructuring charges	9			42			17			66
Deferred income taxes	10			(1		)	77			92
Provision for losses on accounts receivable and inventories	13			10			49			49
Tax sharing (income) expense	(8		)	(18		)	(59		)	198
Share-based compensation expense	21			19			64			59
Other	11			20			46			30
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable, net	(83		)	(79		)	(190		)	(30		)
Inventories	30			(17		)	(103		)	(91		)
Inventoried costs on long-term contracts	—			25			20			31
Accounts payable	(1		)	25			39			132
Accrued and other current liabilities	(140		)	24			(358		)	(28		)
Income taxes	23			39			95			(412		)
Other	57			46			63			11
Net cash provided by continuing operating activities	501			614			1,341			1,453
Net cash provided by (used in) discontinued operating activities	(1		)	2			(7		)	—
Net cash provided by operating activities	500			616			1,334			1,453
Cash Flows From Investing Activities:
Capital expenditures	(175		)	(159		)	(476		)	(412		)
Proceeds from sale of property, plant, and equipment	4			15			25			19
Other	(2		)	19			(20		)	36
Net cash used in investing activities	(173		)	(125		)	(471		)	(357		)
Cash Flows From Financing Activities:
Net increase in commercial paper	—			—			25			50
Proceeds from issuance of long-term debt	—			—			323			—
Repayment of long-term debt	—			(1		)	(360		)	(715		)
Proceeds from exercise of share options	31			67			140			153
Repurchase of common shares	(60		)	(253		)	(452		)	(618		)
Payment of common share dividends and cash distributions to shareholders	(119		)	(104		)	(324		)	(281		)
Other	(3		)	2			(9		)	—
Net cash used in continuing financing activities	(151		)	(289		)	(657		)	(1,411		)
Net cash provided by (used in) discontinued financing activities	1			(2		)	7			—
Net cash used in financing activities	(150		)	(291		)	(650		)	(1,411		)
Effect of currency translation on cash	7			(11		)	(3		)	(12		)
Net increase (decrease) in cash and cash equivalents	184			189			210			(327		)
Cash and cash equivalents at beginning of period	1,429			1,073			1,403			1,589
Cash and cash equivalents at end of period	$	1,613		$	1,262		$	1,613		$	1,262
Supplemental Cash Flow Information:
Interest paid	$	48		$	44		$	111		$	132
Income taxes paid, net of refunds	81			56			205			229
Reconciliation to Free Cash Flow:
Net cash provided by continuing operating activities	$	501		$	614		$	1,341		$	1,453
Capital expenditures, net	(171		)	(144		)	(451		)	(393		)
Payments (receipts) related to pre-separation U.S. tax matters, net	200			(39		)	179			28
Free cash flow (1)	$	530		$	431		$	1,069		$	1,088

(1) Free cash flow is a non-GAAP measure.  See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

CONSOLIDATED SEGMENT DATA (UNAUDITED)

	For the Quarters Ended								For the Nine Months Ended
	June 27,				June 28,				June 27,				June 28,
	2014				2013				2014				2013
					($ in millions)
Net Sales:
Transportation Solutions	$	1,585			$	1,438			$	4,596			$	4,087
Industrial Solutions	849				803				2,401				2,281
Network Solutions	738				803				2,139				2,262
Consumer Solutions	408				405				1,201				1,218
Total	$	3,580			$	3,449			$	10,337			$	9,848
Operating Income:
Transportation Solutions	$	335	21.1	%	$	282	19.6	%	$	978	21.3	%	$	715	17.5	%
Industrial Solutions	125		14.7	%	84		10.5	%	330		13.7	%	235		10.3	%
Network Solutions	39		5.3	%	48		6.0	%	108		5.0	%	103		4.6	%
Consumer Solutions	36		8.8	%	25		6.2	%	108		9.0	%	38		3.1	%
Total	$	535	14.9	%	$	439	12.7	%	$	1,524	14.7	%	$	1,091	11.1	%

TE CONNECTIVITY LTD.

RECONCILIATION OF NET SALES GROWTH (UNAUDITED)

																	Percentage of
	Change in Net Sales for the Quarter Ended June 27, 2014																Segment’s Total
	versus Net Sales for the Quarter Ended June 28, 2013																Net Sales for the
	Organic (1)					Translation (2)			Acquisitions (Divestiture)			Total					Quarter Ended June 27, 2014
						($ in millions)
Transportation Solutions (3):
Automotive	$	119		8.3	%	$	28		$	—		$	147		10.2	%	100	%
Total	119			8.3		28			—			147			10.2		100	%
Industrial Solutions (3):
Industrial Equipment	10			3.0		4			—			14			4.2		41
Aerospace, Defense, Oil, and Gas	22			8.3		4			5			31			11.9		34
Energy	3			1.3		2			(4		)	1			0.5		25
Total	35			4.3		10			1			46			5.7		100	%
Network Solutions (3):
Telecom Networks	(4		)	(1.2	)	3			—			(1		)	(0.3	)	47
Data Communications	(10		)	(5.0	)	2			—			(8		)	(4.2	)	25
Enterprise Networks	(1		)	(0.6	)	(3		)	—			(4		)	(2.5	)	21
Subsea Communications	(52		)	(50.1	)	—			—			(52		)	(50.1	)	7
Total	(67		)	(8.3	)	2			—			(65		)	(8.1	)	100	%
Consumer Solutions (3):
Consumer Devices	(12		)	(5.1	)	(1		)	—			(13		)	(5.3	)	56
Appliances	14			8.6		2			—			16			9.9		44
Total	2			0.4		1			—			3			0.7		100	%
Total	$	89		2.6	%	$	41		$	1		$	131		3.8	%

																	Percentage of
	Change in Net Sales for the Nine Months Ended June 27, 2014																Segment’s Total
	versus Net Sales for the Nine Months Ended June 28, 2013																Net Sales for the
	Organic (1)					Translation (2)			Acquisitions (Divestitures)			Total					Nine Months Ended June 27, 2014
						($ in millions)
Transportation Solutions (3):
Automotive	$	481		11.7	%	$	28		$	—		$	509		12.5	%	100	%
Total	481			11.7		28			—			509			12.5		100	%
Industrial Solutions (3):
Industrial Equipment	61			6.5		5			—			66			7.1		42
Aerospace, Defense, Oil, and Gas	41			5.4		9			6			56			7.4		34
Energy	10			1.7		—			(12		)	(2		)	(0.3	)	24
Total	112			4.9		14			(6		)	120			5.3		100	%
Network Solutions (3):
Telecom Networks	46			4.9		4			—			50			5.4		46
Data Communications	(39		)	(6.7	)	(1		)	(39		)	(79		)	(13.5	)	24
Enterprise Networks	15			3.2		(13		)	—			2			0.4		21
Subsea Communications	(96		)	(32.8	)	—			—			(96		)	(32.8	)	9
Total	(74		)	(3.4	)	(10		)	(39		)	(123		)	(5.4	)	100	%
Consumer Solutions (3):
Consumer Devices	(40		)	(5.2	)	(10		)	—			(50		)	(6.6	)	59
Appliances	33			7.2		—			—			33			7.2		41
Total	(7		)	(0.6	)	(10		)	—			(17		)	(1.4	)	100	%
Total	$	512		5.2	%	$	22		$	(45	)	$	489		5.0	%

(1) Represents the change in net sales resulting from volume and price changes, before consideration of acquisitions, divestitures, and the impact of changes in foreign currency exchange rates. Organic net sales growth is a non-GAAP measure. See description of non-GAAP measures contained in this release.

(2) Represents the change in net sales resulting from changes in foreign currency exchange rates.

(3) Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deems necessary.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 27, 2014

(UNAUDITED)

				Adjustments
				Acquisition		Restructuring
				Related		and Other			Adjusted
	U.S. GAAP			Charges		Charges, Net			(Non-GAAP) (1)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	335		$	—	$	—		$	335
Industrial Solutions	125			1		1			127
Network Solutions	39			—		1			40
Consumer Solutions	36			—		12			48
Total	$	535		$	1	$	14		$	550
Operating Margin	14.9		%						15.4		%
Other Income, Net	$	9		$	—	$	—		$	9
Income Tax Expense	$	(113	)	$	—	$	(3	)	$	(116	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	405		$	1	$	11		$	417
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	0.97		$	—	$	0.03		$	1.00

(1) See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 28, 2013

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other			Tax			Adjusted
	U.S. GAAP			Charges			Charges, Net			Items (1)			(Non-GAAP) (2)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	282		$	1		$	1		$	—		$	284
Industrial Solutions	84			2			22			—			108
Network Solutions	48			—			26			—			74
Consumer Solutions	25			—			18			—			43
Total	$	439		$	3		$	67		$	—		$	509
Operating Margin	12.7		%										14.8		%
Other Income, Net	$	18		$	—		$	—		$	(8	)	$	10
Income Tax Expense	$	(93	)	$	(1	)	$	(21	)	$	—		$	(115	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	332		$	2		$	46		$	(8	)	$	372
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	0.79		$	—		$	0.11		$	(0.02	)	$	0.88

(1) Relates to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters.

(2) See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Nine Months Ended June 27, 2014

(UNAUDITED)

				Adjustments
				Acquisition		Restructuring
				Related		and Other			Tax			Adjusted
	U.S. GAAP			Charges		Charges, Net			Items (1)			(Non-GAAP) (2)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	978		$	—	$	—		$	—		$	978
Industrial Solutions	330			2		7			—			339
Network Solutions	108			—		22			—			130
Consumer Solutions	108			—		13			—			121
Total	$	1,524		$	2	$	42		$	—		$	1,568
Operating Margin	14.7		%									15.2		%
Other Income, Net	$	57		$	—	$	—		$	(39	)	$	18
Income Tax Expense	$	(376	)	$	—	$	(14	)	$	43		$	(347	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	1,124		$	2	$	28		$	4		$	1,158
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	2.70		$	—	$	0.07		$	0.01		$	2.78

(1) Includes income tax expense related to adjustments to prior year income tax returns. In addition, other income includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters, including $18 million related to our share of a settlement agreement entered into by Tyco International with a former subsidiary.

(2) See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Nine Months Ended June 28, 2013

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other			Tax			Adjusted
	U.S. GAAP			Charges			Charges, Net			Items (1)			(Non-GAAP) (2)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	715		$	5		$	29		$	—		$	749
Industrial Solutions	235			6			55			—			296
Network Solutions	103			—			76			—			179
Consumer Solutions	38			—			80			—			118
Total	$	1,091		$	11		$	240		$	—		$	1,342
Operating Margin	11.1		%										13.6		%
Other Income (Expense), Net	$	(199	)	$	—		$	—		$	222		$	23
Income Tax (Expense) Benefit	$	92		$	(3	)	$	(72	)	$	(314	)	$	(297	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	889		$	8		$	168		$	(92	)	$	973
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	2.10		$	0.02		$	0.40		$	(0.22	)	$	2.30

(1) Includes income tax benefits associated with the settlement of an audit of prior year income tax returns as well as the related impact to other expense pursuant to the tax sharing agreement with Tyco International and Covidien.  Also includes income tax expense related to adjustments to prior year income tax returns and income tax benefits recognized in connection with the lapse of statutes of limitations for examinations of prior year income tax returns.  In addition, the other income adjustment includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters.

(2) See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended September 27, 2013

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other			Tax			Adjusted
	U.S. GAAP			Charges			Charges, Net			Items (1)			(Non-GAAP) (2)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	257		$	2		$	9		$	—		$	268
Industrial Solutions	127			1			7			—			135
Network Solutions	33			—			49			—			82
Consumer Solutions	48			—			6			—			54
Total	$	465		$	3		$	71		$	—		$	539
Operating Margin	13.5		%										15.7		%
Other Income, Net	$	16		$	—		$	—		$	(9	)	$	7
Income Tax Expense	$	(63	)	$	(2	)	$	(18	)	$	(40	)	$	(123	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	387		$	1		$	53		$	(49	)	$	392
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	0.92		$	—		$	0.13		$	(0.12	)	$	0.93

(1) Includes income tax benefits recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards partially offset by income tax expense related to adjustments to prior year income tax returns. In addition, the other income adjustment includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters.

(2) See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Year Ended September 27, 2013

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other			Tax			Adjusted
	U.S. GAAP			Charges			Charges, Net			Items (1)			(Non-GAAP) (2)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	972		$	7		$	38		$	—		$	1,017
Industrial Solutions	362			7			62			—			431
Network Solutions	136			—			125			—			261
Consumer Solutions	86			—			86			—			172
Total	$	1,556		$	14		$	311		$	—		$	1,881
Operating Margin	11.7		%										14.2		%
Other Income (Expense), Net	$	(183	)	$	—		$	—		$	213		$	30
Income Tax (Expense) Benefit	$	29		$	(5	)	$	(90	)	$	(354	)	$	(420	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	1,276		$	9		$	221		$	(141	)	$	1,365
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	3.02		$	0.02		$	0.52		$	(0.33	)	$	3.23

(1) Includes $331 million of income tax benefits associated with the settlement of an audit of prior year income tax returns as well as the related impact of $231 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax expense related to adjustments to prior year income tax returns, income tax benefits recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards, and income tax benefits recognized in connection with the lapse of statutes of limitations for examinations of prior year income tax returns. In addition, the other income adjustment includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters.

(2) See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES

TO FORWARD-LOOKING GAAP FINANCIAL MEASURES

As of July 23, 2014

(UNAUDITED)

	Outlook for
	Quarter Ending
	September 26,	Outlook for
	2014	Fiscal 2014
Diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (GAAP)	$0.93 - 0.97	$3.62 - 3.66
Restructuring and other charges, net	0.03	0.10
Acquisition related charges	0.06	0.07
Tax items	—	0.01
Other items	(0.04)	(0.04)
Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-GAAP) (1)	$0.98 - 1.02	$3.76 - 3.80

(1) See description of non-GAAP measures contained in this release.

EX-99.2

Exhibit 99.2

Q3 2014 Earnings Call July 23, 2014

Forward-Looking Statements and Non-GAAP Measures page 2 / July 2014 Forward-Looking Statements -- This presentation contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this presentation include statements addressing our future financial condition and operating results, our ability to realize projected financial impacts of and to integrate the acquisition of the SEACON Group (“SEACON”), and our planned acquisition of Measurement Specialties, Inc. ( “MEAS”). Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, particularly in the automotive industry and the telecommunications networks and consumer devices industries; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; the possible effects on us of changes in tax laws, tax treaties and other legislation; the risk that the acquisition of MEAS may not be consummated; the risk that a regulatory approval that may be required for the MEAS acquisition is not obtained or is obtained subject to conditions that are not anticipated; the risk that revenue opportunities, cost savings and other anticipated synergies from the MEAS acquisition or the SEACON acquisition may not be fully realized or may take longer to realize than expected; and the risk that MEAS’ operations or SEACON’s operations will not be successfully integrated into ours. More detailed information about these and other factors is set forth in TE Connectivity Ltd.’s Annual Report on Form 10-K for the fiscal year ended Sept. 27, 2013 as well as in our Quarterly Reports on Form 10-Q for the fiscal quarters ended December 27, 2013 and March 28, 2014, Current Reports on Form 8-K, and other reports filed by us with the U.S. Securities and Exchange Commission. Non-GAAP Measures -- Where we have used non-GAAP financial measures, reconciliations to the most comparable GAAP measure are provided, along with a disclosure on the usefulness of the non-GAAP measure, in this presentation.

Summary Adjusted EPS, Adjusted Operating Margin, and Free Cash Flow are non-GAAP measures; see Appendix for description and reconciliation. Sales of $3.58 billion; up 4% versus prior year Adjusted EPS of $1.00, up 14% versus prior year Adjusted Operating Margin of 15.4%, up 60 basis points versus prior year Free Cash Flow of $530 million; returned $169 million to shareholders Book-to-Bill of 0.99 with orders up 2%, excluding Subsea Communications Full year outlook $13.95 billion of revenue at the mid-point, up 5% versus the prior year Adjusted EPS of $3.78 at the mid-point, up 17% versus the prior year SEACON acquisition closed subsequent to quarter end; Measurement Specialties acquisition is on track to close in the current calendar year page 3 / July 2014 Record quarterly adjusted EPS in the third quarter

Revenue up 8% organically; global vehicle production up ~2%; Sales and orders growth in all regions with China sales up >20% Continued strength in industrial transportation driven by global truck market, particularly in the U.S. and China Adjusted operating margin increase due to volume growth, product mix and productivity Transportation Solutions Q3 Summary Organic Sales Growth, Adjusted Operating Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliation. page 4 ($ in Millions) / July 2014 Growth Rates Actual Organic Sales $1,585 10% 8% Orders $1,562 9% 7% Book to Bill 0.99 Adj. Operating Income $335 18% Adj. Operating Margin 21.1% Sales by Business Growth Rates Actual Organic Automotive $1,585 10% 8% Transportation Solutions $1,585 10% 8% Sales by Region Actual Organic Region Q3 FY14 Growth Growth Americas $365 8% 9% EMEA 675 11% 6% Asia-Pacific 545 11% 10% Total $1,585 10% 8%

Industrial Solutions Q3 Summary Organic Sales Growth, Adjusted Operating Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliation. page 5 ($ in Millions) Industrial Equipment growth driven by strength in Asia-Pacific, particularly China Continued strength in Commercial Aerospace and Oil & Gas Double digit growth in Energy in Americas and Asia, offset by EMEA weakness Adjusted operating margins up 160bps on volume and factory productivity / July 2014 169 Sales by Business Growth Rates Actual Organic Industrial Equipment $349 4% 3% Aerospace, Defense, Oil, and Gas 291 12% 8% Energy 209 -% 1% Industrial Solutions $849 6% 4% Growth Rates Actual Organic Sales $849 6% 4% Orders $853 3% 2% Book to Bill 1.00 Adj. Operating Income $127 18% Adj. Operating Margin 15.0% Sales by Region  Actual Organic Region Q3 FY14 Growth Growth  Americas $348 6% 5%  EMEA 332 -% (4)%  Asia-Pacific 169 20% 21%  Total $849 6% 4%

Network Solutions Q3 Summary ($ in Millions) Organic Sales Growth, Adjusted Operating Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliation. page 6 Subsea Communications significantly impacted segment revenue and operating margins Telecom Networks growth in EMEA offset by declines in Asia Enterprise Networks down slightly due to weak demand in EMEA Data Communications down due to continued market softness Subsea Communications bookings of ~$550 million following AAE-1 contract going into force / July 2014 $685 Sales by Business Growth Rates Actual Organic Telecom Networks $347 -% (1)% Data Communications 182 (4)% (5)% Enterprise Networks 157 (2)% (1)% Subsea Communications 52 (50)% (50)% Network Solutions $738 (8)% (8)% Growth Rates Actual Organic Sales $738 (8)% (8)% Orders $1,228 65% 65% Orders ex SubCom $676 (7)% (7)% Book to Bill 1.67 B:B ex SubCom 0.99 Adj. Operating Income $40 (46)% Adj. Operating Margin 5.4% Sales by Region (excluding Subsea Communications) Actual Organic Region Q3 FY14 Growth Growth Americas $298 (4)% (2)% EMEA 210 6% 1% Asia-Pacific 177 (7)% (5)% Total $685 (2)% (2)%

Consumer Solutions Q3 Summary Organic Sales Growth, Adjusted Operating Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliation. page 7 ($ in Millions) Strength in Appliances driven by continued strong demand and share gains in Americas and Asia Consumer Devices down primarily due to mobile phone and PC declines Adjusted operating margin up 120bps due to strong Appliances sales / July 2014 Sales by Business Growth Rates Actual Organic Consumer Devices $230 (5)% (5)% Appliances 178 10% 9% Consumer Solutions $408 1% -% Growth Rates Actual Organic Sales $408 1% -% Orders $389 (9)% (9)% Book to Bill 0.95 Adj. Operating Income $48 12% Adj. Operating Margin 11.8% Sales by Region Actual Organic Region Q3 FY14 Growth Growth Americas $79 11% 11% EMEA 58 (2)% (6)% Asia-Pacific 271 (1)% (1)% Total $408 1% -%

Q3 Financial Summary ($ in Millions, except per share amounts) Adjusted Operating Income, Adjusted Operating Margin and Adjusted EPS are non-GAAP measures; see Appendix for description. Q3 FY14 Q3 FY13 Net Sales 3,580 $ 3,449 $ Operating Income 535 $ 439 $ Acquisition Related Charges 1 3 Restructuring & Other Charges, net 14 67 Adjusted Operating Income 550 $ 509 $ Operating Margin 14.9% 12.7% Adjusted Operating Margin 15.4% 14.8% GAAP Earnings Per Share 0.97 $ 0.79 $ Acquisition Related Charges - - Restructuring and Other Charges, net 0.03 0.11 Tax Items - (0.02) Adjusted EPS 1.00 $ 0.88 $ page 8 / July 2014

31.6% 32.2% 32.8% 33.7% 33.6% 34.2% 33.6% 30.0% 31.0% 32.0% 33.0% 34.0% 35.0% Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q3 Operating Results & Other Items Q3 FY14 Q3 FY13 RD&E 171 $ 167 $ SG&A 483 456 Total 654 $ 623 $ % of Sales RD&E 4.8% 4.8% SG&A 13.5% 13.2% ($ in Millions) Adjusted Other Income, Adjusted Income Tax Expense and Adjusted Effective Tax Rate are non-GAAP measures; see Appendix for description and reconciliation. ($ in Millions) Q3 FY14 Q3 FY13 Interest Expense, Net (26) $ (32) $ Adjusted Other Income, Net 9 $ 10 $ Income Tax Expense (113) $ (93) $ Effective Tax Rate 21.8% 21.9% Adj. Income Tax Expense (116) $ (115) $ Adj. Effective Tax Rate 21.8% 23.6% Gross Margin Percentage Operating Expenses Other Items page 9 / July 2014 Gross margin up 80bps versus prior year SG&A increase to support revenue growth Adjusted tax rate slightly below expectation

Q3 Balance Sheet and Cash Flow Summary ($ in Millions) Q3 FY14 Q3 FY13 Cash from Continuing Operations 501 $ 614 $ Capital expenditures, net (171) (144) Pre-separation tax payments (receipts), net 200 (39) Free Cash Flow 530 $ 431 $ A/R - $ 2,503 $ 2,257 $ Days Sales Outstanding 63 59 Inventory (Excl. CIP) - $ 1,792 $ 1,737 $ Days on Hand 68 68 Accounts Payable - $ 1,433 $ 1,357 $ Days Outstanding 54 53 Free Cash Flow is a non-GAAP measure; see Appendix for description. Liquidity Summary ($ in Millions) Q3 FY14 Q3 FY13 Beginning Cash Balance 1,429 $ 1,073 $ Free Cash Flow 530 431 Dividends (119) (104) Share repurchases (60) (253) Proceeds from exercise of share options 31 67 Pre-separation tax (payments) receipts, net (200) 39 Repayment of long-term debt - (1) Other 2 10 Ending Cash Balance 1,613 $ 1,262 $ Total Debt 3,000 $ 3,018 $ Liquidity, Cash & Debt Free Cash Flow and Working Capital page 10 / July 2014

Q4 Outlook^ ^ Assumes foreign exchange rates and commodity prices that are consistent with current levels and does not include the impact of the planned Measurement Specialties acquisition. * Organic Sales Growth and Adjusted EPS are non-GAAP measures; see Appendix for description and reconciliation. Transportation Solutions Revenue up ~7-9% vs. prior year Global auto production expected to be up ~5% vs. prior year Asia up ~5-6% North America up ~9% EMEA up ~3-4% Industrial Solutions Revenue up ~10% vs. prior year Aerospace, Defense, Oil and Gas up ~25%, including SEACON Industrial Equipment up low single digits Energy up mid single digits Network Solutions Revenue flat excluding Subsea Communications Telecom Networks flat Enterprise Networks up low single digits Data Communications down mid single digits Subsea Communications revenues up sequentially to ~$85 million Consumer Solutions Revenue down low single digits Appliances up low single digits offset by weak Consumer Devices demand page 11 / July 2014 Another strong quarter ($ in Millions, except per share amounts) Sales $3,560 to $3,660 Y/Y Growth Actual 4% 7% Organic* 2% 5% Adjusted EPS* $0.98 to $1.02 Y/Y Growth 5% 10%

Network Solutions Revenue down slightly vs. prior year excluding Subsea Communications Telecom Networks up mid single digits Enterprise Networks flat Data Communications down ~11% Subsea Communications revenue ~$285 million Consumer Solutions Revenue down slightly vs. prior year Appliances up mid single digits Consumer Devices down mid single digits FY14 Outlook^ ^ Assumes foreign exchange rates and commodity prices that are consistent with current levels, and does not include the impact of the planned Measurement Specialties acquisition. * Organic Sales Growth and Adjusted EPS are non-GAAP measures; see Appendix for description and reconciliation. Adjusted EPS growth of 17% at mid-point Transportation Solutions Revenue up ~11% vs. prior year Global auto production expected to be up ~5% Asia up ~7% North America up ~6% EMEA up ~3-4% Industrial Solutions Revenue up mid single digits vs. prior year Industrial Equipment up mid single digits Aerospace, Defense, Oil and Gas ~12% Energy flat page 12 / July 2014 ($ in Millions, except per share amounts) Sales $13,900 to $14,000 Y/Y Growth Actual 5% 5% Organic* 4% 5% Adjusted EPS* $3.76 to $3.80 Y/Y Growth 16% 18%

Appendix

Non-GAAP Measures “Organic Sales Growth,” “Adjusted Operating Income,” “Adjusted Operating Margin,” “Adjusted Other Income, Net,” “Adjusted Income Tax Expense,” “Adjusted Effective Tax Rate,” ”Adjusted Income from Continuing Operations,” “Adjusted Earnings Per Share,” and “Free Cash Flow” (FCF) are non-GAAP measures and should not be considered replacements for GAAP* results. “Organic Sales Growth” is a useful measure used by us to measure the underlying results and trends in the business. The difference between reported net sales growth (the most comparable GAAP measure) and Organic Sales Growth (the non-GAAP measure) consists of the impact from foreign currency exchange rates and acquisitions and divestitures, if any. Organic Sales Growth is a useful measure of our performance because it excludes items that: i) are not completely under management’s control, such as the impact of changes in foreign currency exchange rates; or ii) do not reflect the underlying growth of the company, such as acquisition and divestiture activity. The limitation of this measure is that it excludes items that have an impact on our sales. This limitation is best addressed by using organic sales growth in combination with the GAAP results. We present operating income before special items including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any (“Adjusted Operating Income”). We utilize Adjusted Operating Income to assess segment level core operating performance and to provide insight to management in evaluating segment operating plan execution and underlying market conditions. It also is a significant component in our incentive compensation plans. Adjusted Operating Income is a useful measure for investors because it provides insight into our underlying operating results, trends, and the comparability of these results between periods. The difference between Adjusted Operating Income and operating income (the most comparable GAAP measure) consists of the impact of charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any, that may mask the underlying operating results and/or business trends. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported operating income. This limitation is best addressed by using Adjusted Operating Income in combination with operating income (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease on reported results. We present operating margin before special items including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any (“Adjusted Operating Margin”). We present Adjusted Operating Margin before special items to give investors a perspective on the underlying business results. It also is a significant component in our incentive compensation plans. This measure should be considered in conjunction with operating margin calculated using our GAAP results in order to understand the amounts, character and impact of adjustments to operating margin. We present other income, net before special items including tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any (“Adjusted Other Income, Net”). We present Adjusted Other Income, Net as we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. The difference between Adjusted Other Income, Net and other income, net (the most comparable GAAP measure) consists of tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease other income, net. This limitation is best addressed by using Adjusted Other Income, Net in combination with other income, net (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. We present income tax expense after adjusting for the tax effect of special items including charges related to restructuring and other charges, acquisition related charges, impairment charges, other income or charges, and certain significant special tax items, if any (“Adjusted Income Tax Expense”). We present Adjusted Income Tax Expense to provide investors further information regarding the tax effects of adjustments used in determining the non-GAAP financial measure Adjusted Income from Continuing Operations (as defined below). The difference between Adjusted Income Tax Expense and income tax expense (the most comparable GAAP measure) is the tax effect of adjusting items and certain significant special tax items, if any. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease income tax expense. This limitation is best addressed by using Adjusted Income Tax Expense in combination with income tax expense (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. We present effective income tax rate after adjusting for the tax effect of special items including charges related to restructuring and other charges, acquisition related charges, impairment charges, other income or charges, and certain significant special tax items, if any (“Adjusted Effective Tax Rate”). We present Adjusted Effective Tax Rate to provide investors further information regarding the tax rate effects of adjustments used in determining the non-GAAP financial measure Adjusted Income from Continuing Operations (as defined below). The difference between Adjusted Effective Tax Rate and effective income tax rate (the most comparable GAAP measure) is the tax rate effect of the adjusting items and certain significant special tax items, if any. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease the effective income tax rate. This limitation is best addressed by using Adjusted Effective Tax Rate in combination with effective income tax rate (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. * U.S. Generally Accepted Accounting Principles page 14 / July 2014

Non-GAAP Measures (cont.) We present income from continuing operations attributable to TE Connectivity Ltd. before special items including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or charges, if any, and, if applicable, related tax effects (“Adjusted Income from Continuing Operations”). We present Adjusted Income from Continuing Operations as we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. Adjusted Income from Continuing Operations provides additional information regarding our underlying operating results, trends and the comparability of these results between periods. The difference between Adjusted Income from Continuing Operations and income from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) consists of the impact of charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or charges, if any, and, if applicable, related tax effects. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using Adjusted Income from Continuing Operations in combination with income from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. We present diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. before special items, including charges or income related to legal settlements and reserves, restructuring and other charges, acquisition related charges, impairment charges, tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, certain significant special tax items, other income or charges, if any, and, if applicable, related tax effects (“Adjusted Earnings Per Share”). We present Adjusted Earnings Per Share because we believe that it is appropriate for investors to consider results excluding these items in addition to results in accordance with GAAP. We believe such a measure provides a picture of our results that is more comparable among periods since it excludes the impact of special items, which may recur, but tend to be irregular as to timing, thereby making comparisons between periods more difficult. It also is a significant component in our incentive compensation plans. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using Adjusted Earnings Per Share in combination with diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease on reported results. “Free Cash Flow” (FCF) is a useful measure of our ability to generate cash. It also is a significant component in our incentive compensation plans. The difference between net cash provided by continuing operating activities (the most comparable GAAP measure) and FCF (the non-GAAP measure) consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe free cash flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. FCF is defined as net cash provided by continuing operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. Voluntary pension contributions are excluded from the GAAP measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including net payments related to pre-separation tax matters, also are considered by management in evaluating free cash flow. We believe investors should also consider these items in evaluating our free cash flow. We forecast our cash flow results excluding any voluntary pension contributions because we have not yet made a determination about the amount and timing of any such future contributions. In addition, our forecast excludes the cash impact of special items because we cannot predict the amount and timing of such items. FCF as presented herein may not be comparable to similarly-titled measures reported by other companies. The primary limitation of this measure is that it excludes items that have an impact on our GAAP cash flow. Also, it subtracts certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP measure indicates. This limitation is best addressed by using FCF in combination with the GAAP cash flow results. It should not be inferred that the entire free cash flow amount is available for future discretionary expenditures, as our definition of free cash flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of free cash flow. page 15 / July 2014

Q3 Revenue Summary Actual Organic Segment Q3 FY14 Q3 FY13 Growth Growth(1) Transportation Solutions $1,585 $1,438 10% 8% Industrial Solutions 849 803 6% 4% Network Solutions 738 803 (8)% (8)% Consumer Solutions 408 405 1% -% Total $3,580 $3,449 4% 3% (1)See description and reconciliation of non-GAAP measures contained in this appendix. ($ in Millions) page 16 / July 2014

Reconciliation of Net Sales Growth– Q3 14 vs. Q3 13 page 17 / July 2014 Translation (2) Acquisitions (Divestiture) Transportation Solutions (3) : Automotive 119 $ 8.3 % 28 $ - $ 147 $ 10.2 % 100 % Total 119 8.3 28 - 147 10.2 100 % Industrial Solutions (3) : Industrial Equipment 10 3.0 4 - 14 4.2 41 Aerospace, Defense, Oil, and Gas 22 8.3 4 5 31 11.9 34 Energy 3 1.3 2 (4) 1 0.5 25 Total 35 4.3 10 1 46 5.7 100 % Network Solutions (3) : Telecom Networks (4) (1.2) 3 - (1) (0.3) 47 Data Communications (10) (5.0) 2 - (8) (4.2) 25 Enterprise Networks (1) (0.6) (3) - (4) (2.5) 21 Subsea Communications (52) (50.1) - - (52) (50.1) 7 Total (67) (8.3) 2 - (65) (8.1) 100 % Consumer Solutions (3) : Consumer Devices (12) (5.1) (1) - (13) (5.3) 56 Appliances 14 8.6 2 - 16 9.9 44 Total 2 0.4 1 - 3 0.7 100 % Total 89 $ 2.6 % 41 $ 1 $ 131 $ 3.8 % Percentage of Change in Net Sales for the Quarter Ended June 27, 2014 Segment's Total versus Net Sales for the Quarter Ended June 28, 2013 Organic (1) Total ($ in millions) Net Sales for the Quarter Ended June 27, 2014 (1) Represents the change in net sales resulting from volume and price changes, before consideration of acquisitions, divestitures, and the impact of changes in foreign currency exchange rates. Organic net sales growth is a non-GAAP measure. See description of non-GAAP measures contained in this appendix. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. (3) Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deems necessary.

Reconciliation of Net Sales Growth by Segment and Geography – Q3 14 vs. Q3 13 page 18 / July 2014 Translation (2) Acquisitions (Divestiture) Transportation Solutions : EMEA 36 $ 6.0 % 30 $ - $ 66 $ 10.9 % Asia–Pacific 51 10.4 4 - 55 11.2 Americas 32 9.3 (6) - 26 7.6 Total 119 8.3 28 - 147 10.2 Industrial Solutions : EMEA (12) (3.7) 15 (4) (1) (0.3) Asia–Pacific 30 21.3 (2) - 28 19.9 Americas 17 5.2 (3) 5 19 5.8 Total 35 4.3 10 1 46 5.7 Network Solutions : EMEA 3 1.2 9 - 12 6.0 Asia–Pacific (11) (5.3) (4) - (15) (7.9) Americas (59) (14.3) (3) - (62) (15.0) Total (67) (8.3) 2 - (65) (8.1) Consumer Solutions : EMEA (4) (6.1) 3 - (1) (1.7) Asia–Pacific (2) (0.9) (2) - (4) (1.5) Americas 8 11.0 - - 8 11.0 Total 2 0.4 1 - 3 0.7 Total: EMEA 23 1.9 57 (4) 76 6.3 Asia–Pacific 68 6.3 (4) - 64 5.8 Americas (2) (0.2) (12) 5 (9) (0.8) Total 89 $ 2.6 % 41 $ 1 $ 131 $ 3.8 % ($ in millions) (1) Represents the change in net sales resulting from volume and price changes, before consideration of acquisitions, divestitures, and the impact of changes in foreign currency exchange rates. Organic net sales growth is a non-GAAP measure. See description of non-GAAP measures contained in this appendix. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. Change in Net Sales for the Quarter Ended June 27, 2014 versus Net Sales for the Quarter Ended June 28, 2013 Organic (1) Total

page 19 Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 27, 2014 / July 2014 Acquisition Restructuring Related and Other Adjusted U.S. GAAP Charges Charges, Net (Non-GAAP) (1) Operating Income: Transportation Solutions 335 $ - $ - $ 335 $ Industrial Solutions 125 1 1 127 Network Solutions 39 - 1 40 Consumer Solutions 36 - 12 48 Total 535 $ 1 $ 14 $ 550 $ Operating Margin 14.9% 15.4% Other Income, Net 9 $ - $ - $ 9 $ Income Tax Expense (113) $ - $ (3) $ (116) $ Effective Tax Rate 21.8% 21.8% Income from Continuing Operations Attributable to TE Connectivity Ltd. 405 $ 1 $ 11 $ 417 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 0.97 $ - $ 0.03 $ 1.00 $ (1) See description of non-GAAP measures contained in this appendix. ($ in millions, except per share data) Adjustments

page 20 Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 28, 2013 / July 2014 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges Charges, Net Items (1) (Non-GAAP) (2) Operating Income: Transportation Solutions 282 $ 1 $ 1 $ - $ 284 $ Industrial Solutions 84 2 22 - 108 Network Solutions 48 - 26 - 74 Consumer Solutions 25 - 18 - 43 Total 439 $ 3 $ 67 $ - $ 509 $ Operating Margin 12.7% 14.8% Other Income, Net 18 $ - $ - $ (8) $ 10 $ Income Tax Expense (93) $ (1) $ (21) $ - $ (115) $ Effective Tax Rate 21.9% 23.6% Income from Continuing Operations Attributable to TE Connectivity Ltd. 332 $ 2 $ 46 $ (8) $ 372 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 0.79 $ - $ 0.11 $ (0.02) $ 0.88 $ (1) Relates to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters. (2) See description of non-GAAP measures contained in this appendix. Adjustments ($ in millions, except per share data)

page 21 Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 27, 2013 / July 2014 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges Charges, Net Items (1) (Non-GAAP) (2) Operating Income: Transportation Solutions 257 $ 2 $ 9 $ - $ 268 $ Industrial Solutions 127 1 7 - 135 Network Solutions 33 - 49 - 82 Consumer Solutions 48 - 6 - 54 Total 465 $ 3 $ 71 $ - $ 539 $ Operating Margin 13.5% 15.7% Other Income, Net 16 $ - $ - $ (9) $ 7 $ Income Tax Expense (63) $ (2) $ (18) $ (40) $ (123) $ Effective Tax Rate 14.0% 23.8% Income from Continuing Operations Attributable to TE Connectivity Ltd. 387 $ 1 $ 53 $ (49) $ 392 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 0.92 $ - $ 0.13 $ (0.12) $ 0.93 $ (1) Includes income tax benefits recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards partially offset by income tax expense related to adjustments to prior year income tax returns. In addition, the other income adjustment includes amounts related to reimbursements by Tyco International and Covidien in connection with pre- separation tax matters. (2) See description of non-GAAP measures contained in this appendix. Adjustments ($ in millions, except per share data)

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 27, 2013 page 22 / July 2014 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges Charges, Net Items (1) (Non-GAAP) (2) Operating Income: Transportation Solutions 972 $ 7 $ 38 $ - $ 1,017 $ Industrial Solutions 362 7 62 - 431 Network Solutions 136 - 125 - 261 Consumer Solutions 86 - 86 - 172 Total 1,556 $ 14 $ 311 $ - $ 1,881 $ Operating Margin 11.7% 14.2% Other Income (Expense), Net (183) $ - $ - $ 213 $ 30 $ Income Tax (Expense) Benefit 29 $ (5) $ (90) $ (354) $ (420) $ Effective Tax Rate NM (3) 23.5% Income from Continuing Operations Attributable to TE Connectivity Ltd. 1,276 $ 9 $ 221 $ (141) $ 1,365 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 3.02 $ 0.02 $ 0.52 $ (0.33) $ 3.23 $ (3) Not meaningful. Adjustments (2) See description of non-GAAP measures contained in this appendix. ($ in millions, except per share data) (1) Includes $331 million of income tax benefits associated with the settlement of an audit of prior year income tax returns as well as the related impact of $231 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax expense related to adjustments to prior year income tax returns, income tax benefits recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards, and income tax benefits recognized in connection with the lapse of statutes of limitations for examinations of prior year income tax returns. In addition, the other income adjustment includes amounts related to reimbursements by Tyco International and Covidien in connection with pre-separation tax matters.

Reconciliation of Forward-Looking Non-GAAP Financial Measures to Forward-Looking GAAP Financial Measures page 23 / July 2014 Outlook for Quarter Ending September 26, Outlook for 2014 Fiscal 2014 Diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (GAAP) $0.93 - 0.97 $3.62 - 3.66 Restructuring and other charges, net 0.03 0.10 Acquisition related charges 0.06 0.07 Tax items - 0.01 Other items (0.04) (0.04) Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-GAAP) (1) $0.98 - 1.02 $3.76 - 3.80 Net sales growth (GAAP) 4 - 7 % 5 - 5 % Translation (2) (1) Acquisitions (divestitures) - - Organic net sales growth (non-GAAP) (1) 2 - 5% 4 - 5 % (1) See description of non-GAAP measures contained in this appendix.