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Financial Overview Bill Humes Executive Vice President and Chief Financial Officer

Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Update Since Last Year ’s Meeting … Year’s Meeting… FY 2006 Financial Highlights Sales

Operating Income

+9% to $31.4 B

$422.4 $422.4 M M or or 135 135 bps bps of of operating operating margin margin

Record sales

All All regions regions delivered delivered more more than than 100 100 bps bps of of operating operating margin margin

Net Income $265.8 $265.8 million million or or $1.56 $1.56 per per diluted diluted share share

Annual record

Annual gross margins at 5.37% of revenues Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Worldwide Sales: Seasonality And Growth 13 Consecutive Quarters Of YOY Growth 25%

10 9

20%

7 15%

6 5

10%

4 3 2

Change vs. prior year

Sales $ billions

8

5%

1 0

0% '0 Q4

3

'0 Q1

4

'0 Q2

4

'0 Q3

4

'0 Q4

4

'0 Q1

5

Sales

'0 Q2

5

'0 Q3

5

'0 Q4

5

'0 Q1

6

'0 Q2

6

'0 Q3

6

'0 Q4

6

Sales YOY Change

Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Stable Gross Margins 6% 5.48%

5.41%

5.51%

5.47%

5.37%

Stability a result of: 5%

• Strategic Strategic pricing pricing • Profit -enhancement Profit-enhancement program program taking taking hold hold

4%

3%

• Enhanced Enhanced services services offerings offerings

2002

2003

2004

2005

2006

Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Operating Income Reflects Efficient Growth GAAP

2.00%

$400 1.60% ($ millions)

$300

1.20%

$200

0.80%

$100

0.40%

$0

0.00% 2002

2003

2004

Operating Income

2005

2006

Operating M argin

Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Regional Mix – Sales & Op. Income Four Strong, Profitable Engines Sales

Operating Income

9% 5%

25%

2% 73%

54%

32%

2002 18%

2002

5% 43%

34%

2006 No. America Europe

15%

7% 50%

28%

2006* Asia Pacific Latin America

* 2006 operating income mix does not include stock –based compensation expense, which is not allocated to the regional operations. Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Income And Earnings Per Share ($ millions except per share) $300

$1.56

$250 $200

$1.38

$1.32

$220

$217

2004

2005

$266

$0.98

$150

$149 $100 $50 $0

$0.04* $6* 2002

2003

2006

*Income before cumulative effect of adoptions of a new accounting standard. Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Earnings Leverage: Efficient Growth YOY Percentage Change

Sales

GAAP Net Income

Non-GAAP Net Income

FY 2006

9%

23%

7%

FY 2005 FY 2004

13%

(1)%

54%

13%

47%

47%

8% - 12%

10% - 21%

NA

Actual Results

Outlook Q2’07

*Please refer to slides located in the GAAP to non-GAAP Reconciliation section of the handouts or to the Investor Relations section of the company’s website, www.ingrammicro.com. Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Benchmarks vs. Competitors 3-Year CAGR

IM*

Tech Data* Synnex*

Revenue Operating Income

12%

7%

17%

39%

-129%

19%

Net Income

21%

-198%

20%

3-Year Average WC Days

IM* 21

Tech Data* Synnex* 32

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* Based on fiscal year results for 2004-2006: Working Capital average based on 12 quarters. Ingram Micro fiscal year ends in December, Tech Data ends in January and Synnex ends in November Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Appropriate Leverage: Balance Sheet ($ in millions)

$700 $600

$605

$500

$515

$510

$400 $300

$366

$368

2002

2003

$200 $100 $0

Debt to Capital Ratio*

2004

2005

2006

2002

2003

2004

2005

2006

18%

16%

19%

20%

15%

* Excludes off-balance sheet debt of $75 million in 2002, $60 million in 2003, and $69 million in 2006 associated with accounts receivable financing programs. Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Working Capital

WC Days

20 15 10

22 19

22

21 19

14

13

13

20 15

14

13

10

5

5

0

0 2002

2003

2004

Working Capital Days

2005

Inventory Turns

25

25

2006

Inventory Turns

Working capital equals accounts receivable days of sales outstanding plus days of inventory outstanding less days of accounts payable outstanding. Excludes off-balance sheet debt of debt of $75 million in 2002, $60 million in 2003, and $69 million in 2006 associated with accounts receivable financing programs. Working capital days are based on end of period for Q4. Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Return On Invested Capital Driving Toward 15% ROIC

14%

Improvement Drivers:

12.9%

12% 11.5%

10%

11.3% 10.2%

10.3%

10.6%

8% 7.5%

6%

¾ Specialty businesses

5.8% 4% 2%

¾ Better operating leverage

¾ Working capital efficiency

1.9%

0% 2002

2003

GAAP

2004

2005

2006

Non-GAAP

* ROIC = net operating profit after tax divided by average invested capital. Please refer to slides located in the GAAP to non-GAAP Reconciliation section of the handouts. Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Key Uses Of Capital Working Capital: – Needs fluctuate throughout the quarter – Incremental WC of $65 million req’d for each $1B of additional revenue at 24 WC days

Internal Investments: – Capital expenditures expectation for FY 2007: $60 million – Enhancements of global processes and systems Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Key Uses of Capital Acquisitions: – Hurdle rates above weighted average cost of capital – Attractive growth rates and margin profile – Strategically significant

Share Repurchase, Dividends: – Continuous review – Reinvest in growth initiatives Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Company Targets: 3-5 Years Growing greater than the overall IT market; 710% per year Remain relatively stable, at approximately 5.4% annualized

Sales Gross Margin

Growing at approximately one-half the rate of sales in the core business + new investments and business models

Op. Expenses

Op. Income

Growing greater than the rate of sales; Worldwide operating margin at least 150 bps

Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Company Targets: 3-5 Years Interest Tax

Increasing at about one-half the rate of sales Stable at approximately 28% ETR

Working capital

22-25 Days

Debt to Capital

Could increase with investments to 20-30%

ROIC

12-15% Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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Property of Ingram Micro Inc. — Do not distribute or duplicate without Ingram Micro's express written permission.

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