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 22, 2015

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 22, 2015, TE Connectivity Ltd. (the “Company”) issued a press release reporting the Company’s third quarter results for fiscal 2015. 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 22, 2015 (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 22, 2015
99.2	Presentation - TE Connectivity Q3 2015 Earnings Call (July 22, 2015)

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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 22, 2015

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EX-99.1

Exhibit 99.1

TE Connectivity Posts Solid Fiscal 2015 Third Quarter Results

Sales grew 4 percent organically and 1 percent on an actual basis

Adjusted EPS of $0.90 and above the high end of guidance; GAAP EPS of $0.85

SCHAFFHAUSEN, Switzerland — July 22, 2015 — TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal third quarter ended June 26, 2015.

Third Quarter Highlights

·Net sales increased to $3.12 billion, up 1 percent versus the prior year and up 4 percent organically

·Adjusted Earnings Per Share (EPS) from continuing operations were $0.90, up 6 percent versus the prior year and above the high end of guidance

·Diluted Earnings Per Share from continuing operations (GAAP EPS) were $0.85, up 2 percent versus the prior year

·Free cash flow of $391 million; returned $386 million to shareholders including $252 million of share repurchase

·SubCom business announced New Cross Pacific (NCP) program contract in force; total value of programs in force for SubCom reached $1.5 billion

Tom Lynch, TE Connectivity Chairman and CEO stated, “We delivered solid results in the quarter, with EPS above the high end of guidance despite a mixed macro environment. Organic sales were up 4 percent in the quarter led by continued strength in our Automotive, Sensors, Commercial Air and SubCom businesses. This 4 percent sales growth was slightly below our expectations due to weakness in China and supply chain adjustments in some industrial markets.

“For the fourth quarter, we expect sales to be up 3 percent organically over the prior year and adjusted EPS to be up 6 percent at the mid-point of guidance,” said Lynch. “For the full year, we expect to deliver 5 percent organic sales growth and 10 percent adjusted EPS growth. This guidance is down slightly from what we provided 90 days ago due to weaker orders in certain emerging markets, particularly China. In constant currency, adjusted EPS growth is expected to be 19 percent year over year.

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“We had another good quarter of strategic progress,” said Lynch. “Our harsh environment businesses, which make up 80 percent of our portfolio, continue to perform well and deliver strong profitability. I am very pleased with the progress in our Sensors business which is winning programs in attractive automotive, consumer and security applications. The integration of the AdvancedCath acquisition, which expands our position in the growing medical device industry, is on track and gaining momentum.

“We expect to close the sale of the Broadband Network Solutions (BNS) business within the next 90 days,” said Lynch. “Upon the transaction close, 90 percent of our business will be connectivity and sensor solutions. The majority of the $3 billion in proceeds are expected to be used to fund share repurchases.”

FISCAL THIRD QUARTER RESULTS

The financial results of the BNS business have been classified as discontinued operations. TE’s ongoing business, results and guidance are included below and classified as continuing operations.

The company reported net sales of $3.12 billion, compared to prior year sales of $3.08 billion. Adjusted EPS were $0.90, compared to $0.85 in the prior year. GAAP EPS were $0.85, compared to $0.83 in the prior year. Free cash flow was $391 million for the quarter.

GAAP EPS included $19 million of acquisition related charges, restructuring and other charges, and tax items.

Excluding SubCom, total company orders were $2.9 billion and the book-to-bill ratio was 1.0.

OUTLOOK

For the fiscal fourth quarter 2015, the company expects net sales of $3.02 billion to $3.18 billion, reflecting 1 percent actual and 3 percent organic year over year growth at the mid-point, and adjusted EPS of $0.90 to $0.96, which represents 6 percent growth at the mid-point. GAAP EPS are expected to be $0.81 to $0.87, including restructuring and other charges of $0.06 and acquisition related charges of $0.03. This outlook includes foreign exchange headwinds, reducing expected sales by $244 million and adjusted EPS by $0.10 year over year.

For the full year, the company has reduced guidance, primarily due to slowdown in China, and expects net sales

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of $12.28 to $12.42 billion, reflecting 3 percent actual and 5 percent organic growth versus prior year at the mid-point; and adjusted EPS of $3.60 to $3.66 reflecting double-digit growth versus the prior year. GAAP EPS are expected to be $3.48 to $3.54, including acquisition related charges of $0.18, restructuring and other charges of $0.27, and income from tax related items of $0.33. The outlook includes foreign exchange headwinds, reducing expected sales by $925 million and adjusted EPS by $0.32 year over year.

Information about TE Connectivity’s use of non-GAAP financial measures is provided below. 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. Information about the conference call is available at 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 question-and-answer portion of the call, the telephone dial-in number in the United States is (800) 230-1085. The telephone dial-in number for participants outside the United States is (612) 288-0337.

·An audio replay of the conference call will be available beginning at 10:30 a.m. on July 22, 2015, and ending at 11:59 p.m. on July 29, 2015. 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 360684.

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,” “Adjusted Earnings Per Share in Constant Currency,” and “Free Cash Flow” are non-GAAP measures and should not be considered replacements for results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP measures may not be comparable to similarly-titled measures reported by other companies. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP measures in combination with the most directly comparable GAAP measures in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. The following provides additional information regarding these non-GAAP measures:

·Organic Sales Growth — is a useful measure of our underlying results and trends in the business. It is also a significant component in our incentive compensation plans. The difference between reported net sales growth (the most comparable GAAP measure) and Organic Sales Growth 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

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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.

·Adjusted Operating Income — represents operating income (the most comparable GAAP measure) before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any. 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.

·Adjusted Operating Margin — represents operating margin (the most comparable GAAP measure) before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any. We present Adjusted Operating Margin before special items to give investors a perspective on the underlying business results. 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.

·Adjusted Other Income, Net — represents other income, net (the most comparable GAAP measure) before special items including tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any. 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.

·Adjusted Income Tax Expense — represents income tax expense (the most comparable GAAP measure) 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. 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).

·Adjusted Income from Continuing Operations — represents income from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) before special items including charges or income related to 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, the related tax effects. 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.

·Adjusted Earnings Per Share — represents diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) before special items, including charges or income related to 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, the related tax effects. 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

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between periods more difficult. It also is a significant component in our incentive compensation plans.

·Adjusted Earnings Per Share in Constant Currency — represents Adjusted Earnings Per Share excluding the impact of fluctuations in foreign currency exchange rates between periods.  We believe providing constant currency information provides valuable supplemental information regarding our earnings per share growth.

·Free Cash Flow (FCF) — is a useful measure of our ability to generate cash. The difference between net cash provided by continuing operating activities (the most comparable GAAP measure) and Free Cash Flow 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.

Free Cash Flow 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.

Free Cash Flow 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. 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 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 and our planned sale of the Broadband Network Solutions business. 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

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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 operations of Measurement Specialties will not be successfully integrated into ours; the risk that revenue opportunities, cost savings and other anticipated synergies from the Measurement Specialties acquisition may not be fully realized or may take longer to realize than expected; and the risk that the sale of the Broadband Network Solutions business may not be consummated, or if consummated, we do not realize the anticipated benefits from such transaction. 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. 26, 2014 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.

Sale of Broadband Network Solutions to CommScope

On January 28, 2015, TE announced the entry into a definitive agreement to sell its Broadband Network Solutions (BNS) business unit to CommScope (NASDAQ: COMM) for $3.0 billion. The BNS business, which consists of TE’s Telecommunications, Enterprise Networks and Wireless businesses, had revenue of $1.9 billion in fiscal year 2014. CommScope is a global provider of telecommunications infrastructure solutions for wireless, business enterprise and residential broadband networks.  The transaction is expected to close by December 31, 2015, and is subject to completion of transaction financing, regulatory approvals and customary closing conditions.

ABOUT TE CONNECTIVITY

TE Connectivity (NYSE: TEL) is a $14 billion global technology leader. Our connectivity and sensor solutions are essential in today’s increasingly connected world. We collaborate with engineers to transform their concepts into creations — redefining what’s possible using intelligent, efficient and high-performing TE products and solutions proven in harsh environments. Our 80,000 people, including 7,500 design engineers, partner with customers in 150 countries across a wide range of industries. We believe EVERY CONNECTION COUNTS — www.TE.com.

# # #

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

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TE CONNECTIVITY LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	For the Quarters Ended						For the Nine Months Ended
	June 26,			June 27,			June 26,			June 27,
	2015			2014			2015			2014
	(in millions, except per share data)
Net sales	$	3,118		$	3,075		$	9,249		$	8,901
Cost of sales	2,070			2,057			6,130			5,943
Gross margin	1,048			1,018			3,119			2,958
Selling, general, and administrative expenses	393			396			1,170			1,154
Research, development, and engineering expenses	159			147			479			433
Acquisition and integration costs	8			1			46			2
Restructuring and other charges, net	19			10			82			15
Operating income	469			464			1,342			1,354
Interest income	4			4			13			13
Interest expense	(33		)	(28		)	(104		)	(93		)
Other income (expense), net	11			9			(64		)	57
Income from continuing operations before income taxes	451			449			1,187			1,331
Income tax expense	(100		)	(102		)	(85		)	(331		)
Income from continuing operations	351			347			1,102			1,000
Income (loss) from discontinued operations, net of income taxes	(42		)	56			278			118
Net income attributable to TE Connectivity Ltd.	$	309		$	403		$	1,380		$	1,118
Basic earnings per share attributable to TE Connectivity Ltd.:
Income from continuing operations	$	0.86		$	0.85		$	2.71		$	2.44
Income (loss) from discontinued operations	(0.10		)	0.14			0.68			0.29
Net income	0.76			0.99			3.39			2.73
Diluted earnings per share attributable to TE Connectivity Ltd.:
Income from continuing operations	$	0.85		$	0.83		$	2.67		$	2.40
Income (loss) from discontinued operations	(0.10		)	0.13			0.67			0.28
Net income	0.75			0.97			3.34			2.68
Dividends paid per common share	$	0.33		$	0.29		$	0.91		$	0.79
Weighted-average number of shares outstanding:
Basic	406			409			407			410
Diluted	412			416			413			417

TE CONNECTIVITY LTD.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	June 26,			September 26,
	2015			2014
	(in millions, except share data)
Assets
Current assets:
Cash and cash equivalents	$	701		$	2,457
Accounts receivable, net of allowance for doubtful accounts of $18 and $14, respectively	2,185			2,057
Inventories	1,717			1,509
Prepaid expenses and other current assets	617			519
Deferred income taxes	619			324
Assets held for sale	1,897			2,013
Total current assets	7,736			8,879
Property, plant, and equipment, net	2,925			2,920
Goodwill	4,841			3,726
Intangible assets, net	1,597			1,087
Deferred income taxes	2,054			2,047
Receivable from Tyco International plc and Covidien plc	962			1,037
Other assets	326			456
Total Assets	$	20,441		$	20,152
Liabilities and Equity
Current liabilities:
Current maturities of long-term debt	$	631		$	577
Accounts payable	1,206			1,230
Accrued and other current liabilities	1,660			1,594
Deferred revenue	179			176
Liabilities held for sale	365			416
Total current liabilities	4,041			3,993
Long-term debt	3,395			3,281
Long-term pension and postretirement liabilities	1,192			1,280
Deferred income taxes	299			229
Income taxes	1,936			2,044
Other liabilities	443			312
Total Liabilities	11,306			11,139
Commitments and contingencies
Equity:
TE Connectivity Ltd. shareholders’ equity:
Common shares, 414,064,381 shares authorized and issued, CHF 0.57 par value, and 419,070,781 shares authorized and issued, CHF 0.57 par value, respectively	182			184
Contributed surplus	4,338			5,231
Accumulated earnings	5,633			4,253
Treasury shares, at cost, 10,181,684 and 11,383,631 shares, respectively	(651		)	(644		)
Accumulated other comprehensive loss	(373		)	(17		)
Total TE Connectivity Ltd. shareholders’ equity	9,129			9,007
Noncontrolling interests	6			6
Total Equity	9,135			9,013
Total Liabilities and Equity	$	20,441		$	20,152

TE CONNECTIVITY LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the Quarters Ended						For the Nine Months Ended
	June 26,			June 27,			June 26,			June 27,
	2015			2014			2015			2014
	(in millions)
Cash Flows From Operating Activities:
Net income	$	309		$	403		$	1,380		$	1,118
(Income) loss from discontinued operations, net of income taxes	42			(56		)	(278		)	(118		)
Income from continuing operations	351			347			1,102			1,000
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	148			138			455			408
Non-cash restructuring charges	—			8			15			14
Deferred income taxes	(52		)	8			(106		)	52
Provision for losses on accounts receivable and inventories	7			5			35			34
Tax sharing (income) expense	(12		)	(8		)	62			(59		)
Share-based compensation expense	21			18			65			58
Other	13			11			59			46
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable, net	(106		)	(63		)	(125		)	(167		)
Inventories	(38		)	7			(218		)	(88		)
Prepaid expenses and other current assets	24			(10		)	35			(29		)
Accounts payable	(18		)	4			(29		)	54
Accrued and other current liabilities	35			(148		)	(206		)	(357		)
Deferred revenue	84			62			4			52
Income taxes	42			23			(90		)	95
Other	25			—			21			29
Net cash provided by continuing operating activities	524			402			1,079			1,142
Net cash provided by discontinued operating activities	72			98			210			192
Net cash provided by operating activities	596			500			1,289			1,334
Cash Flows From Investing Activities:
Capital expenditures	(134		)	(164		)	(425		)	(445		)
Proceeds from sale of property, plant, and equipment	4			4			10			25
Acquisition of businesses, net of cash acquired	3			—			(1,726		)	(18		)
Other	—			(4		)	(2		)	(4		)
Net cash used in continuing investing activities	(127		)	(164		)	(2,143		)	(442		)
Net cash used in discontinued investing activities	(8		)	(9		)	(22		)	(29		)
Net cash used in investing activities	(135		)	(173		)	(2,165		)	(471		)
Cash Flows From Financing Activities:
Net increase (decrease) in commercial paper	(105		)	—			(197		)	25
Proceeds from issuance of long-term debt	—			—			617			323
Repayment of long-term debt	—			—			(473		)	(360		)
Proceeds from exercise of share options	9			31			97			140
Repurchase of common shares	(226		)	(60		)	(511		)	(452		)
Payment of common share dividends to shareholders	(134		)	(119		)	(370		)	(324		)
Transfer from discontinued operations	64			89			188			163
Other	—			(2		)	(2		)	(2		)
Net cash used in continuing financing activities	(392		)	(61		)	(651		)	(487		)
Net cash used in discontinued financing activities	(64		)	(89		)	(188		)	(163		)
Net cash used in financing activities	(456		)	(150		)	(839		)	(650		)
Effect of currency translation on cash	(1		)	7			(41		)	(3		)
Net increase (decrease) in cash and cash equivalents	4			184			(1,756		)	210
Cash and cash equivalents at beginning of period	697			1,429			2,457			1,403
Cash and cash equivalents at end of period	$	701		$	1,613		$	701		$	1,613
Supplemental Cash Flow Information:
Interest paid	$	46		$	46		$	110		$	108
Income taxes paid, net of refunds	111			71			281			185
Reconciliation to Free Cash Flow:
Net cash provided by continuing operating activities	$	524		$	402		$	1,079		$	1,142
Capital expenditures, net	(130		)	(160		)	(415		)	(420		)
Payments (receipts) related to pre-separation U.S. tax matters, net	(3		)	200			23			179
Free cash flow (1)	$	391		$	442		$	687		$	901

(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 26,				June 27,				June 26,				June 27,
	2015				2014				2015				2014
	($ in millions)
Net Sales:
Transportation Solutions	$	1,621			$	1,586			$	4,843			$	4,597
Industrial Solutions	806				849				2,387				2,401
Communications Solutions	691				640				2,019				1,903
Total	$	3,118			$	3,075			$	9,249			$	8,901
Operating Income:
Transportation Solutions	$	303	18.7	%	$	325	20.5	%	$	921	19.0	%	$	948	20.6	%
Industrial Solutions	98		12.2		121		14.3		268		11.2		318		13.2
Communications Solutions	68		9.8		18		2.8		153		7.6		88		4.6
Total	$	469	15.0	%	$	464	15.1	%	$	1,342	14.5	%	$	1,354	15.2	%
Adjusted Operating Income (1):
Transportation Solutions	$	317	19.6	%	$	325	20.5	%	$	987	20.4	%	$	948	20.6	%
Industrial Solutions	109		13.5		123		14.5		319		13.4		327		13.6
Communications Solutions	71		10.3		27		4.2		198		9.8		96		5.0
Total	$	497	15.9	%	$	475	15.4	%	$	1,504	16.3	%	$	1,371	15.4	%

(1) Adjusted operating income is a non-GAAP measure. See description of non-GAAP measures contained in this release.

TE CONNECTIVITY LTD.

RECONCILIATION OF NET SALES GROWTH (UNAUDITED)

																Percentage of
																Segment’s Total
	Change in Net Sales for the Quarter Ended June 26, 2015															Net Sales for the
	versus Net Sales for the Quarter Ended June 27, 2014															Quarter Ended
	Organic (1)					Translation (2)			Acquisitions		Total					June 26, 2015
	($ in millions)
Transportation Solutions (3):
Automotive	$	73		5.7	%	$	(149	)	$	—	$	(76	)	(5.9	)%	75	%
Commercial Transportation	(13		)	(5.2	)	(20		)	—		(33		)	(13.8	)	13
Sensors	2			4.3		(5		)	147		144			288.0		12
Total	62			3.9		(174		)	147		35			2.2		100	%
Industrial Solutions (3):
Industrial Equipment	4			1.0		(28		)	20		(4		)	(1.1	)	43
Aerospace, Defense, Oil, and Gas	(15		)	(5.0	)	(23		)	25		(13		)	(4.5	)	35
Energy	—			—		(26		)	—		(26		)	(12.5	)	22
Total	(11		)	(1.3	)	(77		)	45		(43		)	(5.1	)	100	%
Communications Solutions (3):
Data and Devices	(66		)	(16.1	)	(17		)	—		(83		)	(20.2	)	48
Appliances	(6		)	(3.3	)	(10		)	—		(16		)	(9.0	)	23
Subsea Communications	150			288.5		—			—		150			288.5		29
Total	78			12.2		(27		)	—		51			8.0		100	%
Total	$	129		4.2	%	$	(278	)	$	192	$	43		1.4	%
																Percentage of
																Segment’s Total
	Change in Net Sales for the Nine Months Ended June 26, 2015															Net Sales for the
	versus Net Sales for the Nine Months Ended June 27, 2014															Nine Months Ended
	Organic (1)					Translation (2)			Acquisitions		Total					June 26, 2015
	($ in millions)
Transportation Solutions (3):
Automotive	$	216		5.8	%	$	(336	)	$	—	$	(120	)	(3.2	)%	75	%
Commercial Transportation	(1		)	(0.1	)	(46		)	—		(47		)	(7.0	)	13
Sensors	6			4.5		(14		)	421		413			280.9		12
Total	221			4.8		(396		)	421		246			5.4		100	%
Industrial Solutions (3):
Industrial Equipment	23			2.4		(67		)	23		(21		)	(2.1	)	41
Aerospace, Defense, Oil, and Gas	19			2.4		(52		)	94		61			7.5		37
Energy	8			1.4		(62		)	—		(54		)	(9.2	)	22
Total	50			2.1		(181		)	117		(14		)	(0.6	)	100	%
Communications Solutions (3):
Data and Devices	(141		)	(11.6	)	(40		)	—		(181		)	(14.9	)	51
Appliances	14			2.8		(25		)	—		(11		)	(2.2	)	24
Subsea Communications	308			155.6		—			—		308			155.6		25
Total	181			9.5		(65		)	—		116			6.1		100	%
Total	$	452		5.1	%	$	(642	)	$	538	$	348		3.9	%

(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 26, 2015

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other		Tax			Adjusted
	U.S. GAAP			Charges (1)			Charges, Net		Items			(Non-GAAP) (2)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	303		$	5		$	9	$	—		$	317
Industrial Solutions	98			5			6		—			109
Communications Solutions	68			—			3		—			71
Total	$	469		$	10		$	18	$	—		$	497
Operating Margin	15.0		%									15.9		%
Other Income, Net	$	11		$	—		$	—	$	(5	)	$	6
Income Tax Expense	$	(100	)	$	(5	)	$	1	$	—		$	(104	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	351		$	5		$	19	$	(5	)	$	370
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	0.85		$	0.01		$	0.05	$	(0.01	)	$	0.90

(1) Includes $8 million of acquisition and integration costs, $1 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales, and $1 million of restructuring costs.

(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 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	$	325		$	—	$	—		$	325
Industrial Solutions	121			1		1			123
Communications Solutions	18			—		9			27
Total	$	464		$	1	$	10		$	475
Operating Margin	15.1		%						15.4		%
Other Income, Net	$	9		$	—	$	—		$	9
Income Tax Expense	$	(102	)	$	—	$	(3	)	$	(105	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	347		$	1	$	7		$	355
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	0.83		$	—	$	0.02		$	0.85

(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 Nine Months Ended June 26, 2015

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other		Tax			Adjusted
	U.S. GAAP			Charges (1)			Charges, Net (2)		Items (3)			(Non-GAAP) (4)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	921		$	56		$	10	$	—		$	987
Industrial Solutions	268			27			24		—			319
Communications Solutions	153			—			45		—			198
Total	$	1,342		$	83		$	79	$	—		$	1,504
Operating Margin	14.5		%									16.3		%
Other Income (Expense), Net	$	(64	)	$	—		$	—	$	89		$	25
Income Tax Expense	$	(85	)	$	(23	)	$	8	$	(224	)	$	(324	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	1,102		$	60		$	87	$	(135	)	$	1,114
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	2.67		$	0.15		$	0.21	$	(0.33	)	$	2.70

(1) Includes $46 million of acquisition and integration costs, $34 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales, and $3 million of restructuring costs.

(2) Includes an income tax charge for the estimated tax impacts of certain intercompany dividends related to the restructuring and anticipated sale of the Broadband Network Solutions business.

(3) Includes $202 million of income tax benefits associated with the settlement of audits of prior year income tax returns as well as the related impact of $89 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax benefits related to the impacts of certain non-U.S. tax law changes and the associated reduction in the valuation allowance for tax loss carryforwards.

(4) 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	$	948		$	—	$	—		$	—		$	948
Industrial Solutions	318			2		7			—			327
Communications Solutions	88			—		8			—			96
Total	$	1,354		$	2	$	15		$	—		$	1,371
Operating Margin	15.2		%									15.4		%
Other Income, Net	$	57		$	—	$	—		$	(39	)	$	18
Income Tax Expense	$	(331	)	$	—	$	(7	)	$	43		$	(295	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	1,000		$	2	$	8		$	4		$	1,014
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	2.40		$	—	$	0.02		$	0.01		$	2.43

(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 Quarter Ended September 26, 2014

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other		Tax			Adjusted
	U.S. GAAP			Charges (1)			Charges, Net		Items (2)			(Non-GAAP) (3)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	297		$	4		$	4	$	—		$	305
Industrial Solutions	113			29			—		—			142
Communications Solutions	41			—			—		—			41
Total	$	451		$	33		$	4	$	—		$	488
Operating Margin	14.7		%									15.9		%
Other Income, Net	$	6		$	—		$	—	$	—		$	6
Income Tax (Expense) Benefit	$	185		$	(7	)	$	3	$	(282	)	$	(101	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	614		$	26		$	7	$	(282	)	$	365
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	1.48		$	0.06		$	0.02	$	(0.68	)	$	0.88

(1) Includes $29 million of acquisition and integration costs and $4 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales.

(2) Income tax benefits recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards.

(3) 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 26, 2014

(UNAUDITED)

				Adjustments
				Acquisition			Restructuring
				Related			and Other			Tax			Adjusted
	U.S. GAAP			Charges (1)			Charges, Net			Items (2)			(Non-GAAP) (3)
	($ in millions, except per share data)
Operating Income:
Transportation Solutions	$	1,245		$	4		$	4		$	—		$	1,253
Industrial Solutions	431			31			7			—			469
Communications Solutions	129			—			8			—			137
Total	$	1,805		$	35		$	19		$	—		$	1,859
Operating Margin	15.1		%										15.5		%
Other Income, Net	$	63		$	—		$	—		$	(39	)	$	24
Income Tax Expense	$	(146	)	$	(7	)	$	(4	)	$	(239	)	$	(396	)
Income from Continuing Operations Attributable to TE Connectivity Ltd.	$	1,614		$	28		$	15		$	(278	)	$	1,379
Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd.	$	3.87		$	0.07		$	0.04		$	(0.67	)	$	3.31

(1) Includes $31 million of acquisition and integration costs and $4 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales.

(2) Includes income tax benefits of $282 million recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards and 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.

(3) 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 22, 2015

(UNAUDITED)

	Outlook for the
	Quarter Ending
	September 25,			Outlook for
	2015			Fiscal 2015
Diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (GAAP)	$	0.81 - 0.87		$	3.48 - 3.54
Restructuring and other charges, net	0.06			0.27
Acquisition related charges	0.03			0.18
Tax items	—			(0.33		)
Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-GAAP) (1)	$	0.90 - 0.96		$	3.60 - 3.66
Net sales growth (GAAP)	(2) - 3		%	3 - 4		%
Translation	8			8
(Acquisitions) divestitures	(6		)	(7		)
Organic net sales growth (non-GAAP) (1)	0 - 5		%	4 - 5		%

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

TE CONNECTIVITY LTD.

IMPACT OF CHANGES IN FOREIGN CURRENCY EXCHANGE RATES

(UNAUDITED)

				As of July 22, 2015
	For the			Outlook for the
	Quarter Ended			Quarter Ending
	June 26,			September 25,			Outlook for
	2015			2015			Fiscal 2015
Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd., excluding the impact of changes in foreign currency exchange rates (non-GAAP) (1)	$	1.00		$	1.00 - 1.06		$	3.92 - 3.98
Impact of changes in foreign currency exchange rates	(0.10		)	(0.10		)	(0.32		)
Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-GAAP) (1)	$	0.90		$	0.90 - 0.96		$	3.60 - 3.66

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

EX-99.2

Exhibit 99.2

Q3 2015 Earnings July 22, 2015

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 and our planned sale of the Broadband Network Solutions business. 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 operations of Measurement Specialties will not be successfully integrated into ours; the risk that sales opportunities, cost savings and other anticipated synergies from the Measurement Specialties acquisition may not be fully realized or may take longer to realize than expected; and the risk that the sale of the Broadband Network Solutions business may not be consummated, or if consummated, we do not realize the anticipated benefits from such transaction. 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. 26, 2014 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. 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. Forward-Looking Statements and Non-GAAP Measures 2

Solid earnings for the quarter Sales up 1% Y/Y and 4% organic to $3.12B, below guidance level $0.90 Adjusted EPS up 6% Y/Y and above the high end of guidance Free Cash Flow $391M; Returned $386M to shareholders including $252M in share buybacks Book-to-Bill of 1.0, excluding Subsea Communications Continued margin expansion with benefits from TE Operating Advantage (TEOA) 33.6% Adjusted Gross Margin, up 50 bps Y/Y Adjusted Operating Margin 15.9%, up 50 bps vs prior year Growth despite softness in certain end markets and foreign exchange headwinds Organic growth in Automotive, Sensors, Commercial Aerospace and SubCom offsetting broad softness in China and supply chain adjustments in certain end markets SubCom awarded new $400M NCP program, with $1.5B of programs now in force FX headwinds: $296M* sales and $0.10 EPS Y/Y Obtained US and EU approval of Broadband Networks divestiture and expect to close within 90 days Organic Sales Growth, Adjusted EPS, Adjusted Operating Margin, Adjusted Gross Margin, and Free Cash Flow are non-GAAP measures; see Appendix for description and reconciliation. * Includes $18M unfavorable currency impact to sales from acquisitions. Exceeded EPS High End of Guidance Due to Strong Execution Q3 2015 Summary 3

Strong performance in harsh businesses and SubCom FY15 organic sales guidance up 5% vs prior year Adjusted EPS range of $3.60 - $3.66, up 10% vs prior year at Mid-Point FY15 FX headwinds total $925M in sales and $0.32 in EPS vs prior year Adjusting full year Adjusted EPS guidance down $0.04 for changes in macro environment Weakness driven by China slowdown and supply chain adjustments Q4 organic sales guidance up 3% vs prior year; Adjusted EPS of $0.93 at mid-point and up 6% Y/Y FY15 Sales and Adjusted EPS guidance reduced slightly from prior view Organic Sales Growth, Adjusted EPS and Adjusted EPS in Constant Currency are non-GAAP measures; see Appendix for description and reconciliation. 5% Organic Sales Growth and 19% Adjusted EPS Growth Y/Y in Constant Currency FY 2015 Summary 4 Sales (in millions) Adjusted EPS FY14 Results (Recast in March 23, 2015 Form 8-K) $11,973 $3.31 FX Impact (925) (0.32) Operational Performance 1,302 0.64 FY15 Guidance $12,350 $3.63

Y/Y Growth Rates Actual Organic Automotive $1,221 (6)% 6% Commercial Transportation 206 (14)% (5)% Sensors 194 288% 4%* Transportation Solutions $1,621 2% 4% $ in Millions Sales TE Automotive sales up 6% organically with growth across all regions despite auto production relatively flat Softness in the China heavy truck market and continued weakness in off-road vehicles in Commercial Transportation Expanding in auto sensor applications and attractive consumer applications Adjusted Operating Margins down slightly as expected due to FX, ICT decline and Sensors investments Adjusted Operating Margin improved Y/Y in Automotive and Commercial Transportation Business Performance Actual Up 2% Organic Up 4% Actual Organic Orders $1,643 5% 5% Adjusted Operating Margin Adjusted Operating Income $317M, Down 2% *Sensors organic sales growth represents TE’s organic sensors business, excluding the impact of the Measurement Specialties and AST acquisitions and changes in foreign currency exchange rates Organic Sales Growth, Adjusted Operating Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliation. Transportation Solutions 5 20.5% 19.6% Q3 2014 Q3 2015 $1,586 $1,621 Q3 2014 Q3 2015

Y/Y Growth Rates Actual Organic Industrial Equipment $345 (1)% 1% Aerospace, Defense, Oil & Gas 279 (4)% (5)% Energy 182 (13)% -% Industrial Solutions $806 (5)% (1)% $ in Millions Sales Industrial markets mixed; Growth in Europe offset by weakness in US; China growth lower than expected Continued strength in Commercial Air offset by ~35% decline in Oil and Gas market Y/Y Energy growth in China and Americas offset by declines in Europe Y/Y Adjusted Operating Margin impacted by FX and declines in higher margin Oil and Gas business Business Performance Actual Down 5% Organic Down 1% Actual Organic Orders $820 (4)% -% Adjusted Operating Margin Adjusted Operating Income $109M, Down 11% Organic Sales Growth, Adjusted Operating Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliation. Industrial Solutions 6 14.5% 13.5% Q3 2014 Q3 2015 $849 $806 Q3 2014 Q3 2015

Y/Y Growth Rates Actual Organic Data & Devices $328 (20)% (16)% Appliances 161 (9)% (3)% SubCom 202 288% 288% Communications Solutions $691 8% 12% $ in Millions Sales Continued momentum in SubCom with new $400M NCP program coming into force Appliances impacted by weakness in Asia, particularly China, and supply chain adjustments in North America Data & Devices decline Y/Y due to market softness and product exits Adjusted Operating Margin more than doubled Y/Y due to robust SubCom growth Business Performance Actual Up 8% Organic Up 12% Actual Organic Orders $1,055 (6)% (3)% Adjusted Operating Margin Adjusted Operating Income $71M, Up 163% Organic Sales Growth, Adjusted Operating Income, and Adjusted Operating Margin are non-GAAP measures; see Appendix for description and reconciliation. 7 Communications Solutions 4.2% 10.3% Q3 2014 Q3 2015 $640 $691 Q3 2014 Q3 2015

Organic Sales Growth, Adjusted Operating Income, Adjusted Operating Margin, Adjusted EPS and Adjusted EPS in Constant Currency are non-GAAP measures; see Appendix for description and reconciliation. ($ in Millions, except per share amounts) Q3 FY14 Q3 FY15 Net Sales $ 3,075 $ 3,118 Operating Income $ 464 $ 469 Acquisition Related Charges 1 10 Restructuring & Other Charges, net 10 18 Adjusted Operating Income $ 475 $ 497 Operating Margin 15.1% 15.0% Adjusted Operating Margin 15.4% 15.9% GAAP Earnings Per Share $ 0.83 $ 0.85 Acquisition Related Charges - 0.01 Restructuring & Other Charges, net 0.02 0.05 Tax Items - (0.01) Adjusted EPS $ 0.85 $ 0.90 4% Organic Sales Growth and 18% Adjusted EPS Growth Y/Y in Constant Currency Q3 Financial Summary 8

$ in Millions Adjusted Gross Margin Percentage Adjusted Gross Margin increases 50 bps driven by strong productivity Adjusted Operating Margin expansion driven by TEOA initiatives, restructuring savings and additional volume FCF impacted by timing of tax payments Adjusted Operating Margin Free Cash Flow Adjusted Gross Margin Percentage, Free Cash Flow, and Adjusted Operating Margin are non-GAAP measures; See Appendix for description and reconciliation. 16.0% TE Operating Advantage (TEOA) 9 33.1% 33.6% Q3 2014 Q3 2015 $442 $391 Q3 2014 Q3 2015 15.4% 15.9% Q3 2014 Q3 2015

Sales Guidance Sales Up 3% Organically, with 17% Adjusted EPS Growth Y/Y in Constant Currency Transportation Solutions Industrial Solutions Communications Solutions TE Connectivity Highlights Sales $3.02B to $3.18B Adjusted EPS $0.90 to $0.96 Sales up 1% and up 3% organic Y/Y at midpoint Sales growth more than offset $244M FX impact Adjusted EPS up 2% - 9% Y/Y, includes ~$0.10 FX headwind Automotive growth expected in US and Europe, China about flat and South America down; Continued weakness in Commercial Transportation, organically down about 1% Industrial primarily impacted by weakness in Oil and Gas and slowing China SubCom exits the year with ~$200M in Q4; Low margin product exits in Data & Devices Up Mid Single Digits Up Mid Single Digits Organic Up Low Single Digits Up Mid Single Digits Organic Down Mid Single Digits Down Low Single Digits Organic * Assumes foreign exchange rates and commodity prices that are consistent with current levels Organic Sales Growth, Adjusted EPS and Adjusted EPS in Constant Currency are non-GAAP measures; see Appendix for description and reconciliation. Q4 Outlook* 10

Sales Up 5% Organically, with 19% Adjusted EPS Growth Y/Y in Constant Currency Sales of $12.28B - $12.42B Adjusted EPS of $3.60 - $3.66 Sales up 3% at midpoint, up 5% organic at midpoint FX impacting sales by ~$925M Y/Y Adjusted EPS up 10% at midpoint, with ~$0.32 FX headwind Automotive growth expected 5% - 6% on global auto production growth of ~2% Y/Y Sensors gaining traction with Automotive customers and other high growth applications SubCom revenues above $700M with solid pipeline and $1.5B of programs in force Slowdown in China impacting second half growth rates Performance in harsh businesses drive strong adjusted operating margin while growing investment in Sensors Up Mid Single Digits Up Mid Single Digits Organic Up Mid Single Digits Up High Single Digits Organic Down Low Single Digits Up Low Single Digits Organic * Assumes foreign exchange rates and commodity prices that are consistent with current levels Organic Sales Growth, Adjusted EPS and Adjusted EPS in Constant Currency are non-GAAP measures; see Appendix for description and reconciliation. FY15 Outlook* Sales Guidance Transportation Solutions Industrial Solutions TE Connectivity Highlights 11 Communications Solutions

Additional Information 12

Y/Y Q3 2015 Continuing Ops Performance (in millions except per share amounts) 13 Sales Adjusted EPS Q3 2014 Results (Previously Reported) $3,580 $1.00 Discontinued Operations (505) (0.15) Q3 2014 Results (Recast in March 23, 2015 Form 8-K) $3,075 $0.85 FX Impact (296)* (0.10) Operational Performance 339 0.15 Q3 2015 Continuing Operations Results $3,118 $0.90 Adjusted EPS is a non-GAAP measure; See Appendix for description and reconciliation. * Includes $18M unfavorable currency impact to sales from acquisitions.

Y/Y FY15 Expected Performance (in millions except per share amounts) 14 Sales Adjusted EPS FY14 Results (Previously Reported) $13,912 $3.79 Discontinued Operations (1,939) (0.48) FY14 Results (Recast in March 23, 2015 Form 8-K) $11,973 $3.31 FX Impact (925) (0.32) Operational Performance 1,302 0.64 FY15 Guidance $12,350 $3.63 Adjusted EPS is a non-GAAP measure; See Appendix for description and reconciliation.

Liquidity Summary ($ in Millions) Q3 2015 Q3 2014 Beginning Cash Balance $697 $1,429 Free Cash Flow 391 442 Dividends (134) (119) Share repurchases (226) (60) Proceeds from exercise of share options 9 31 Repayment of Commercial Paper (105) - Pre-separation tax (payments) receipts, net 3 (200) Other 66 90 Ending Cash Balance $701 $1,613 Total Debt $4,026 $2,911 ($ in Millions) Q3 2015 Q3 2014 Cash from Continuing Operations $524 $402 Capital expenditures, net Pre-separation US tax payments (receipts) (130) (3) (160) 200 Free Cash Flow $391 $442 A/R - $ $2,185 $2,113 Days Sales Outstanding* 64 62 Inventory (Excl. CIP) - $ $1,651 $1,531 Days on Hand* 72 67 Accounts Payable - $ $1,206 $1,268 Days Outstanding* 52 55 Free Cash Flow is a non-GAAP measure, see Appendix for description * Adjusted to exclude the impact of acquisitions. Free Cash Flow and Working Capital Liquidity, Cash & Debt Q3 Balance Sheet & Cash Flow Summary 15

Appendix 16

Non-GAAP Measures “Organic Sales Growth,” “Adjusted Gross Margin,” “Adjusted Gross Margin Percentage,” “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,” “Adjusted Earnings Per Share in Constant Currency” and “Free Cash Flow” are non-GAAP measures and should not be considered replacements for results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP measures may not be comparable to similarly-titled measures reported by other companies. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP measures in combination with the most directly comparable GAAP measures in order to better understand the amounts, character and impact of any increase or decrease in reported amounts. The following provides additional information regarding these non-GAAP measures: Organic Sales Growth – is a useful measure of our underlying results and trends in the business. It is also a significant component in our incentive compensation plans. The difference between reported net sales growth (the most comparable GAAP measure) and Organic Sales Growth 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. Adjusted Gross Margin and Adjusted Gross Margin Percentage – represent gross margin and gross margin percentage (the most comparable GAAP measures) before special items including acquisition related charges, if any. We present Adjusted Gross Margin and Adjusted Gross Margin Percentage before special items to give investors a perspective on the underlying business results. These measures should be considered in conjunction with gross margin calculated using our GAAP results in order to understand the amounts, character and impact of adjustments to gross margin. Adjusted Operating Income – represents operating income (the most comparable GAAP measure) before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any. 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. Adjusted Operating Margin – represents operating margin (the most comparable GAAP measure) before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any. We present Adjusted Operating Margin before special items to give investors a perspective on the underlying business results. 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. Adjusted Other Income, Net – represents other income, net (the most comparable GAAP measure) before special items including tax sharing income related to certain proposed adjustments to prior period tax returns and other tax items, if any. 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. Adjusted Income Tax Expense – represents income tax expense (the most comparable GAAP measure) 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. 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). Adjusted Effective Tax Rate – represents effective income tax rate (the most comparable GAAP measure) 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. 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). 17

Adjusted Income from Continuing Operations – represents income from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) before special items including charges or income related to 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, the related tax effects. 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. Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (the most comparable GAAP measure) before special items, including charges or income related to 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, the related tax effects. 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. Adjusted Earnings Per Share in Constant Currency – represents Adjusted Earnings Per Share excluding the impact of fluctuations in foreign currency exchange rates between periods. We believe providing constant currency information provides valuable supplemental information regarding our earnings per share growth Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by continuing operating activities (the most comparable GAAP measure) and Free Cash Flow 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. Free Cash Flow 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. Free Cash Flow 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. 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. Non-GAAP Measures (cont.) 18

Segment Summary Q3 FY2015 19 Adjusted Operating Y/Y Actual Y/Y Organic Margin for the June 26, June 27, Sales Sales Quarter Ended Segment 2015 2014 Growth Growth (1) June 26, 2015 (1) Transportation Solutions 1,621 $ 1,586 $ 2.2 % 3.9 % 19.6 % Industrial Solutions 806 849 (5.1) (1.3) 13.5 Communications Solutions 691 640 8.0 12.2 10.3 Total 3,118 $ 3,075 $ 1.4 % 4.2 % 15.9 % (1) See description and reconciliation of non-GAAP measures contained in this Appendix. For the Quarters Ended Net Sales ($ in millions)

Reconciliation of Net Sales Growth– Q3 15 vs. Q3 14 20 Translation (2) Acquisitions Transportation Solutions (3) : Automotive 73 $ 5.7 % (149) $ - $ (76) $ (5.9) % 75 % Commercial Transportation (13) (5.2) (20) - (33) (13.8) 13 Sensors 2 4.3 (5) 147 144 288.0 12 Total 62 3.9 (174) 147 35 2.2 100 % Industrial Solutions (3) : Industrial Equipment 4 1.0 (28) 20 (4) (1.1) 43 Aerospace, Defense, Oil, and Gas (15) (5.0) (23) 25 (13) (4.5) 35 Energy - - (26) - (26) (12.5) 22 Total (11) (1.3) (77) 45 (43) (5.1) 100 % Communications Solutions (3) : Data and Devices (66) (16.1) (17) - (83) (20.2) 48 Appliances (6) (3.3) (10) - (16) (9.0) 23 Subsea Communications 150 288.5 - - 150 288.5 29 Total 78 12.2 (27) - 51 8.0 100 % Total 129 $ 4.2 % (278) $ 192 $ 43 $ 1.4 % Percentage of Segment's Total (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. (3) Industry end market information about net sales is presented consistently with our internal management reporting and may be periodically revised as management deems necessary. Quarter Ended Change in Net Sales for the Quarter Ended June 26, 2015 Net Sales for the (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. versus Net Sales for the Quarter Ended June 27, 2014 Organic (1) Total June 26, 2015 ($ in millions)

Reconciliation of Net Sales Growth by Segment and Geography – Q3 15 vs. Q3 14 21 Translation (2) Acquisitions Transportation Solutions : EMEA 30 $ 4.5 % (128) $ 65 $ (33) $ (4.9) % Asia–Pacific 39 7.1 (28) 20 31 5.7 Americas (7) (1.9) (18) 62 37 10.1 Total 62 3.9 (174) 147 35 2.2 Industrial Solutions : EMEA 6 1.9 (64) 10 (48) (14.4) Asia–Pacific 4 2.3 (10) 2 (4) (2.4) Americas (21) (6.0) (3) 33 9 2.6 Total (11) (1.3) (77) 45 (43) (5.1) Communications Solutions : EMEA 8 9.5 (18) - (10) (11.2) Asia–Pacific (68) (18.6) (8) - (76) (20.8) Americas 138 74.0 (1) - 137 73.7 Total 78 12.2 (27) - 51 8.0 Total: EMEA 44 4.1 (210) 75 (91) (8.3) Asia–Pacific (25) (2.3) (46) 22 (49) (4.5) Americas 110 12.2 (22) 95 183 20.3 Total 129 $ 4.2 % (278) $ 192 $ 43 $ 1.4 % (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. versus Net Sales for the Quarter Ended June 27, 2014 Change in Net Sales for the Quarter Ended June 26, 2015 ($ in millions) Organic (1) Total

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 26, 2015 22 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1) Charges, Net Items (Non-GAAP) (2) Operating Income: Transportation Solutions 303 $ 5 $ 9 $ - $ 317 $ Industrial Solutions 98 5 6 - 109 Communications Solutions 68 - 3 - 71 Total 469 $ 10 $ 18 $ - $ 497 $ Operating Margin 15.0% 15.9% Other Income, Net 11 $ - $ - $ (5) $ 6 $ Income Tax Expense (100) $ (5) $ 1 $ - $ (104) $ Effective Tax Rate 22.2% 21.9% Income from Continuing Operations Attributable to TE Connectivity Ltd. 351 $ 5 $ 19 $ (5) $ 370 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 0.85 $ 0.01 $ 0.05 $ (0.01) $ 0.90 $ Adjustments ($ in millions, except per share data) (1) Includes $8 million of acquisition and integration costs, $1 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales, and $1 million of restructuring costs. (2) See description of non-GAAP measures contained in this Appendix.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 27, 2014 23 Acquisition Restructuring Related and Other Adjusted U.S. GAAP Charges Charges, Net (Non-GAAP) (1) Operating Income: Transportation Solutions 325 $ - $ - $ 325 $ Industrial Solutions 121 1 1 123 Communications Solutions 18 - 9 27 Total 464 $ 1 $ 10 $ 475 $ Operating Margin 15.1% 15.4% Other Income, Net 9 $ - $ - $ 9 $ Income Tax Expense (102) $ - $ (3) $ (105) $ Effective Tax Rate 22.7% 22.8% Income from Continuing Operations Attributable to TE Connectivity Ltd. 347 $ 1 $ 7 $ 355 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 0.83 $ - $ 0.02 $ 0.85 $ Adjustments ($ in millions, except per share data) (1) See description of non-GAAP measures contained in this Appendix.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 26, 2014 24 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1) Charges, Net Items (2) (Non-GAAP) (3) Operating Income: Transportation Solutions 297 $ 4 $ 4 $ - $ 305 $ Industrial Solutions 113 29 - - 142 Communications Solutions 41 - - - 41 Total 451 $ 33 $ 4 $ - $ 488 $ Operating Margin 14.7% 15.9% Other Income, Net 6 $ - $ - $ - $ 6 $ Income Tax (Expense) Benefit 185 $ (7) $ 3 $ (282) $ (101) $ Effective Tax Rate NM (4) 21.7% Income from Continuing Operations Attributable to TE Connectivity Ltd. 614 $ 26 $ 7 $ (282) $ 365 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 1.48 $ 0.06 $ 0.02 $ (0.68) $ 0.88 $ (4) Not meaningful. (3) See description of non-GAAP measures contained in this Appendix. Adjustments ($ in millions, except per share data) (1) Includes $29 million of acquisition and integration costs and $4 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales. (2) Income tax benefits recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 26, 2014 25 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1) Charges, Net Items (2) (Non-GAAP) (3) Operating Income: Transportation Solutions 1,245 $ 4 $ 4 $ - $ 1,253 $ Industrial Solutions 431 31 7 - 469 Communications Solutions 129 - 8 - 137 Total 1,805 $ 35 $ 19 $ - $ 1,859 $ Operating Margin 15.1% 15.5% Other Income, Net 63 $ - $ - $ (39) $ 24 $ Income Tax Expense (146) $ (7) $ (4) $ (239) $ (396) $ Effective Tax Rate 8.3% 22.3% Income from Continuing Operations Attributable to TE Connectivity Ltd. 1,614 $ 28 $ 15 $ (278) $ 1,379 $ Diluted Earnings per Share from Continuing Operations Attributable to TE Connectivity Ltd. 3.87 $ 0.07 $ 0.04 $ (0.67) $ 3.31 $ (2) Includes income tax benefits of $282 million recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards and 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 $18 million related to our share of a settlement agreement entered into by Tyco International with a former subsidiary. (3) See description of non-GAAP measures contained in this Appendix. ($ in millions, except per share data) (1) Includes $31 million of acquisition and integration charges and $4 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales. Adjustments

Reconciliation of Gross Margin & Gross Margin Percentage 26 June 26, June 27, 2015 2014 Net Sales 3,118 $ 3,075 $ Cost of Sales 2,070 2,057 Gross Margin 1,048 1,018 Gross Margin Percentage 33.6% 33.1% Acquisition Related Charges 1 - Adjusted Gross Margin (1) 1,049 $ 1,018 $ Adjusted Gross Margin Percentage (1) 33.6% 33.1% (1) See description of non-GAAP measures contained in this Appendix. ($ in millions) For the Quarters Ended

Reconciliation of Free Cash Flow 27 June 26, June 27, 2015 2014 Net cash provided by continuing operating activities 524 $ 402 $ Capital expenditures, net (130) (160) Payments (receipts) related to pre-separation U.S. tax matters, net (3) 200 Free cash flow (1) 391 $ 442 $ (1) See description of non-GAAP measures contained in this Appendix. For the Quarters Ended (in millions)

Reconciliation of Forward-Looking Non-GAAP Financial Measures to Forward-Looking GAAP Financial Measures for Q4 2015 and Fiscal 2015 28 Outlook for the Quarter Ending September 25, Outlook for 2015 Fiscal 2015 Diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (GAAP) $0.81 - 0.87 $3.48 - 3.54 Restructuring and other charges, net 0.06 0.27 Acquisition related charges 0.03 0.18 Tax items - (0.33) Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-GAAP) (1) $0.90 - 0.96 $3.60 - 3.66 Net sales growth (GAAP) (2) - 3% 3 - 4% Translation 8 8 (Acquisitions) divestitures (6) (7) Organic net sales growth (non-GAAP) (1) 0 - 5% 4 - 5% (1) See description of non-GAAP measures contained in this Appendix.

Impact of Changes in Foreign Currency Exchange Rates for Q3 2015, Q4 2015 and Fiscal 2015 29 For the Outlook for the Quarter Ended Quarter Ending June 26, September 25, Outlook for 2015 2015 Fiscal 2015 Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd., excluding the impact of changes in foreign currency exchange rates (non-GAAP) (1) $1.00 $1.00 - 1.06 $3.92 - 3.98 Impact of changes in foreign currency exchange rates (0.10) (0.10) (0.32) Adjusted diluted earnings per share from continuing operations attributable to TE Connectivity Ltd. (non-GAAP) (1) $0.90 $0.90 - 0.96 $3.60 - 3.66 (1) See description of non-GAAP measures contained in this Appendix. As of July 22, 2015