tecd-20200528

NEWS FOR IMMEDIATE RELEASE Tech Data Reports First Quarter Fiscal Year 2021 Results CLEARWATER, Fla., (May 28, 2020) -- Tech Data (NASDAQ: TECD) (the “Company”) today announced its financial results for the first quarter ended April 30, 2020. First quarter ended April 30, ($ in millions, Y/Y 2020 2019 except per share amounts) Change Net Sales $8,175.2 $8,406.4 -3% Gross profit $531.7 $509.4 4% Gr os s m a r gin 6.50% 6.06% 44 bps SG&A expenses (GAAP) $427.9 $405.5 6% % of net sales 5.23% 4.82% 41 bps SG&A expenses (Non-GAAP) $402.8 $384.6 5% % of net sales 4.93% 4.58% 35 bps Operating income (GAAP) $86.1 $97.6 -12% Operating margin (GAAP) 1.05% 1.16% -11 bps Operating income (Non-GAAP) $128.9 $124.8 3% Operating margin (Non-GAAP) 1.58% 1.48% 10 bps Net income (GAAP) $48.1 $55.4 -13% Net income (Non-GAAP) $80.1 $75.9 5% EPS - diluted (GAAP) $1.34 $1.49 -10% EPS - diluted (Non-GAAP) $2.22 $2.04 9% A reconciliation of GAAP to non-GAAP financial measures is presented in the financial tables of this press release. This information is also available on the Investor Relations section of Tech Data’s website at www.techdata.com/investor.

Page 2 of 10 Regional Financial Highlights for the First Quarter Ended April 30, 2020: First quarter ended April 30, Y/Y ($ in millions) 2020 2019 Change AMERICAS Net Sales $3,944.8 $3,789.2 4% % of WW net sales 48% 45% Operating income (GAAP) $49.8 $68.6 -27% % of net sales 1.26% 1.81% -55 bps Operating income (Non-GAAP) $83.7 $84.7 -1% % of net sales 2.12% 2.24% -12 bps EUROPE Net Sales $3,971.1 $4,309.5 -8% % of WW net sales 49% 51% Operating income (GAAP) $45.9 $36.4 26% % of net sales 1.16% 0.85% 31 bps Operating income (Non-GAAP) $52.0 $45.6 14% % of net sales 1.31% 1.06% 25 bps ASIA PACIFIC Net Sales $259.3 $307.7 -16% % of WW net sales 3% 4% Operating (loss) income (GAAP) ($3.2) $0.9 NM % of net sales -1.25% 0.28% -153 bps Operating (loss) income (Non-GAAP) ($0.5) $2.8 NM % of net sales -0.19% 0.91% -110 bps Note: NM = not meaningful, WW = worldwide Stock-based compensation expense was $6.3 million, a decrease of $2.0 million, compared to the prior-year quarter. These expenses are excluded from the regional operating results and presented as a separate line item in the company’s segment reporting (see the GAAP to non-GAAP reconciliation in the financial tables of this press release).  Net sales were $8.2 billion, a decrease of 3 percent compared to the prior-year quarter. Portfolio optimization actions reduced net sales by approximately 3 percent. On a constant currency basis, net sales decreased 1 percent. o Americas: Net sales were $3.9 billion, an increase of 4 percent compared to the prior-year quarter. Portfolio optimization actions reduced net sales by approximately 2 percent. On a constant currency basis, net sales increased 5 percent. o Europe: Net sales were $4.0 billion, a decrease of 8 percent compared to the prior-year quarter. Portfolio optimization actions reduced net sales by approximately 3 percent. On a constant currency basis, net sales decreased 5 percent.

Page 3 of 10 o Asia Pacific: Net sales were $0.3 billion, a decrease of 16 percent compared to the prior-year quarter. Portfolio optimization actions reduced net sales by approximately 12 percent. On a constant currency basis, net sales decreased 12 percent.  Gross profit was $531.7 million, an increase of 4 percent compared to the prior-year quarter. As a percentage of net sales, gross profit was 6.50 percent, an improvement of 44 basis points compared to the prior-year quarter. On a constant currency basis, gross profit increased 7 percent.  Net cash used by operations during the quarter was $8 million.  Return on invested capital for the trailing twelve months was 12 percent, compared to 13 percent in the prior year. Adjusted return on invested capital for the trailing twelve months was 15 percent, compared to 14 percent in the prior year. “With the onset of the global COVID-19 crisis, the first quarter brought challenges to businesses across geographies and sectors, including the IT ecosystem. With this backdrop, Tech Data once again is proving its role as the vital link in the IT supply chain, delivering the critical technologies and solutions needed to address rapidly evolving business needs, including enabling remote work. Throughout Q1, we experienced strong demand for Endpoint Solutions driven by remote work and business continuity needs. I’d like to acknowledge the dedication and commitment of our worldwide colleagues who continue to support our channel partners and each other with excellence in these unprecedented times,” said Rich Hume, chief executive officer, Tech Data. “The quarter also brought with it another milestone toward completing our acquisition by Apollo when we received shareholder approval of the transaction, which we look forward to closing upon completion of customary closing conditions.” Acquisition Update On November 12, 2019, the Company entered into an Agreement and Plan of Merger, as subsequently amended on November 27, 2019 (the ''Merger Agreement''), with the affiliates of certain funds (the “Apollo Funds”), managed by affiliates of Apollo Global Management, LLC (“Apollo”), a leading global alternative investment manager. Pursuant to the Merger Agreement, the affiliates of the Apollo Funds will acquire all the outstanding shares of the Company’s common stock for $145 per share in cash (the “Merger”). On February 12, 2020, the Company’s shareholders held a special meeting and approved the Merger Agreement. The Company has received all regulatory approvals necessary to complete the Merger, except for the approval of the Australian Foreign Investment Review Board (“AFIRB”), which has the matter under consideration. The Company and Apollo are still targeting a closing in the first half of calendar year 2020, although this timing may shift based on the timeline for receipt of Australian regulatory approval. We expect to proceed with closing the transaction promptly after the final approval from the AFIRB is received, taking into account the timing requirements of the Merger Agreement, including the Marketing Period (as defined in the Merger Agreement). In light of the pending acquisition by Apollo, the Company does not plan to host an earnings conference call nor provide forward-looking guidance. A copy of this press release, along with a supplemental slide deck can be accessed at https://investor.techdata.com/overview/default.aspx. COVID-19 Response The Company’s focus remains on protecting the health and well-being of our colleagues, while continuing to provide the best possible service levels to our channel partners and supporting our communities. Additional information about Tech Data’s COVID-19 response can be found at https://www.techdata.com/communications/default.aspx. Non-GAAP Financial Information The non-GAAP financial information contained in this release is included with the intention of providing investors a more complete understanding of the Company’s operational results and trends, but should only be used in conjunction with results reported in accordance with Generally Accepted Accounting Principles

Page 4 of 10 (“GAAP”). Certain non-GAAP measures presented in this release or other releases, presentations and similar documents issued by the Company include sales, income or expense items as adjusted for the impact of changes in foreign currencies (referred to as “constant currency”), non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP earnings per diluted share and Adjusted Return on Invested Capital. Certain non-GAAP measures also exclude acquisition-related intangible assets amortization expense, benefits associated with legal settlements, acquisition, integration and restructuring expenses, goodwill impairment, gain on disposal of subsidiary, tax indemnifications, changes in deferred tax valuation allowances and the impact of U.S. tax reform. A detailed reconciliation of the adjustments between results calculated using GAAP and non-GAAP in this release is contained in the attached financial schedules. Forward-Looking Statements This communication includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from Tech Data’s expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which Tech Data is unable to predict or control, that may cause Tech Data’s actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Risks and uncertainties related to the proposed merger include, but are not limited to, the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the failure of the parties to satisfy conditions to completion of the proposed merger, including the failure of the parties to obtain required regulatory approvals; the risk that regulatory or other approvals are delayed or are subject to terms and conditions that are not anticipated; and the risks, uncertainties, and other factors detailed from time to time in Tech Data’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8- K filed or furnished with the Securities and Exchange Commission (the “SEC”). Many of these factors are beyond Tech Data’s control. Tech Data cautions investors that any forward-looking statements made by Tech Data are not guarantees of future performance. Tech Data disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments. About Tech Data Tech Data connects the world with the power of technology. Our end-to-end portfolio of products, services and solutions, highly specialized skills, and expertise in next-generation technologies enable channel partners to bring to market the products and solutions the world needs to connect, grow and advance. Tech Data is ranked No. 90 on the Fortune 500® and has been named one of Fortune’s World’s Most Admired Companies for 11 straight years. To find out more, visit www.techdata.com or follow us on Twitter, LinkedIn, Facebook and Instagram. Investor Contact Arleen Quinones Corporate Vice President, Investor Relations & Corporate Communications +1 727.532.8866 arleen.quinones@techdata.com Media Contact Bobby Eagle Director, External Communications +1 727.538.5864 bobby.eagle@techdata.com

Page 5 of 10 TECH DATA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Three months ended April 30, 2020 2019 Net sales$ 8,175,174 $ 8,406,424 Cost of products sold 7,643,515 7,897,045 Gross profit 531,659 509,379 Operating expenses: Selling, general and administrative expenses 427,863 405,534 Acquisition, integration and restructuring expenses 17,681 6,221 445,544 411,755 Operating income 86,115 97,624 Interest expense 17,034 26,257 Other expense (income), net 8,948 (693) Income before income taxes 60,133 72,060 Provision for income taxes 12,068 16,660 Net income $ 48,065 $ 55,400 Earnings per share: Basic $ 1.35 $ 1.50 Diluted $ 1.34 $ 1.49 Weighted average common shares outstanding: Basic 35,688 37,011 Diluted 36,002 37,247

Page 6 of 10 TECH DATA CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (In thousands, except par value and share amounts) April 30, January 31, 2020 2020 ASSETS (unaudited) Current assets: Cash and cash equivalents $ 828,941 $ 841,366 Accounts receivable, net 5,367,227 6,192,203 Inventories 3,066,273 3,042,541 Prepaid expenses and other assets 388,790 362,182 Total current assets 9,651,231 10,438,292 Property and equipment, net 280,736 287,150 Goodwill 975,923 973,257 Intangible assets, net 1,052,033 1,094,676 Other assets, net 416,685 475,234 Total assets $ 12,376,608 $ 13,268,609 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 6,393,221 $ 7,259,246 Accrued expenses and other liabilities 1,122,656 1,112,457 Revolving credit loans and current maturities of long-term debt, net 108,157 112,882 Total current liabilities 7,624,034 8,484,585 Long-term debt, less current maturities 1,337,541 1,338,136 Other long-term liabilities 308,542 326,433 Total liabilities $ 9,270,117 $ 10,149,154 Shareholders’ equity: Common stock, par value $0.0015; 200,000,000 shares authorized; 59,245,585$ 89 $ 89 shares issued at April 30, 2020 and January 31, 2020 Additional paid-in capital 838,882 855,020 Treasury stock, at cost (23,587,200 and 23,819,230 shares at April 30, 2020 and January 31, 2020) (1,186,461) (1,198,132) Retained earnings 3,509,079 3,461,014 Accumulated other comprehensive (loss) income (55,098) 1,464 Total shareholders' equity 3,106,491 3,119,455 Total liabilities and shareholders' equity$ 12,376,608 $ 13,268,609

Page 7 of 10 TECH DATA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (In thousands) (Unaudited) Three months ended April 30, 2020 2019 Cash flows from operating activities: Cash received from customers$ 11,386,818 $ 11,913,347 Cash paid to vendors and employees (11,356,142) (11,800,318) Interest paid, net (30,207) (35,101) Income taxes paid (8,198) (14,739) Net cash (used in) provided by operating activities (7,729) 63,189 Cash flows from investing activities: Expenditures for property and equipment (5,596) (7,745) Software and software development costs (13,944) (7,534) Proceeds from settlement of net investment hedges 44,377 — Other (764) (548) Net cash provided by (used in) investing activities 24,073 (15,827) Cash flows from financing activities: Principal borrowings (payments) on long-term debt 4,515 (5,224) Cash paid for debt issuance costs — (1,028) Net (repayments) borrowings on revolving credit loans (472) 14,227 Payments for employee tax withholdings on equity awards (10,774) (8,602) Proceeds from the reissuance of treasury stock — 495 Repurchases of common stock — (35,681) Other (563) — Net cash used in financing activities (7,294) (35,813) Effect of exchange rate changes on cash and cash equivalents (21,475) (13,172) Net decrease in cash and cash equivalents (12,425) (1,623) Cash and cash equivalents at beginning of year 841,366 799,123 Cash and cash equivalents at end of period$ 828,941 $ 797,500 Reconciliation of net income to net cash (used in) provided by operating activities: Net income $ 48,065 $ 55,400 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Depreciation and amortization 41,991 37,257 Provision for losses on accounts receivable 10,832 1,765 Stock-based compensation expense 6,307 8,305 Accretion of debt discount and debt issuance costs 847 860 Changes in operating assets and liabilities: Accounts receivable 690,145 751,836 Inventories (60,180) 2,450 Prepaid expenses and other assets (37,739) 1,763 Accounts payable (752,022) (706,381) Accrued expenses and other liabilities 44,025 (90,066) Total adjustments (55,794) 7,789 Net cash (used in) provided by operating activities$ (7,729) $ 63,189

Page 8 of 10 TECH DATA CORPORATION AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION (In thousands) Three months ended April 30, 2020 Stock Americas (1) Europe (1) Asia Pacific (1) Compensation Consolidated Expense Net Sales$ 3,944,760 $ 3,971,130 $ 259,284 $ 8,175,174 Operating income (loss) (GAAP) (1) $ 49,783 $ 45,884 $ (3,245) $ (6,307) $ 86,115 Acquisition, integration and restructuring 16,956 (178) 903 - 17,681 expenses Acquisition-related intangible assets 16,925 6,311 1,253 24,489 amortization expense Tax indemnifications - 7 609 616 Total non-GAAP operating income $ 33,881 $ 6,140 $ 2,765 $ - $ 42,786 adjustments Operating income (loss) (non-GAAP)$ 83,664 $ 52,024 $ (480) $ (6,307) $ 128,901 Operating margin (GAAP) 1.26% 1.16% -1.25% 1.05% Operating margin (non-GAAP) 2.12% 1.31% -0.19% 1.58% (1) GAAP operating income does not include stock compensation expense at the regional level. Three months ended April 30, 2019 Stock Americas (1) Europe (1) Asia Pacific (1) Compensation Consolidated Expense Net Sales$ 3,789,198 $ 4,309,500 $ 307,726 $ 8,406,424 Operating income (GAAP) (1) $ 68,633 $ 36,420 $ 876 $ (8,305) $ 97,624 Acquisition, integration and restructuring 2,911 3,024 286 - 6,221 expenses Legal settlements and other, net (282) - - (282) Acquisition-related intangible assets 13,440 6,115 1,324 20,879 amortization expense Tax indemnifications - - 320 320 Total non-GAAP operating income $ 16,069 $ 9,139 $ 1,930 $ - $ 27,138 adjustments Operating income (non-GAAP)$ 84,702 $ 45,559 $ 2,806 $ (8,305) $ 124,762 Operating margin (GAAP) 1.81% 0.85% 0.28% 1.16% Operating margin (non-GAAP) 2.24% 1.06% 0.91% 1.48% (1) GAAP operating income does not include stock compensation expense at the regional level.

Page 9 of 10 TECH DATA CORPORATION AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION (In thousands) Selling, general and administrative expenses ("SG&A") Three months ended April 30, 2020 2019 Net Sales$ 8,175,174 $ 8,406,424 SG&A Expenses (GAAP) $ 427,863 $ 405,534 Tax indemnifications (616) (320) Legal settlements - 282 Acquisition-related intangible assets amortization expense (24,489) (20,879) SG&A Expenses (non-GAAP)$ 402,758 $ 384,617 SG&A Expenses (GAAP) % 5.23% 4.82% SG&A Expenses (non-GAAP) % 4.93% 4.58% Three months ended April 30, 2020 2019 Net Income Diluted EPS Net Income Diluted EPS GAAP Results $48,065 $1.34 $55,400 $1.49 Acquisition, integration and restructuring expenses 17,681 0.49 6,221 0.17 Legal settlements and other, net - - (282) (0.01) Acquisition-related intangible assets amortization expense 24,489 0.68 20,879 0.56 Tax indemnifications 616 0.02 320 0.01 Income tax effect of tax indemnifications (616) (0.02) (320) (0.01) Income tax effect of other adjustments above (10,184) (0.29) (6,321) (0.17) Non-GAAP Results $80,051 $2.22 $75,897 $2.04 Weighted average shares outstanding - diluted 36,002 37,247

Page 10 of 10 Return on Invested Capital (ROIC) Twelve months ended April 30, TTM Net Operating Profit After Tax (NOPAT)*: 2020 2019 Operating income$ 570,820 $ 520,930 Income taxes on operating income (1) (127,358) (52,272) NOPAT $ 443,462 $ 468,658 Average Invested Capital: Short-term debt (5-qtr end average)$ 119,171 $ 115,018 Long-term debt (5-qtr end average) 1,313,004 1,361,506 Shareholders' Equity (5-qtr end average) 2,999,952 2,881,968 Total average capital 4,432,127 4,358,492 Less: Cash (5-qtr end average) (834,044) (676,308) Average invested capital less average cash$ 3,598,083 $ 3,682,184 ROIC 12% 13% * Trailing Twelve Months is abbreviated as TTM. (1) Income taxes on operating income was calculated using the trailing twelve months effective tax rate. Adjusted Return on Invested Capital (ROIC) Twelve months ended April 30, TTM Net Operating Profit After Tax (NOPAT), as adjusted*: 2020 2019 Non-GAAP operating income (1) $ 698,584 $ 708,588 Income taxes on non-GAAP operating income (2) (159,929) (179,283) NOPAT, as adjusted$ 538,655 $ 529,305 Average Invested Capital, as adjusted: Short-term debt (5-qtr end average)$ 119,171 $ 115,018 Long-term debt (5-qtr end average) 1,313,004 1,361,506 Shareholders' Equity (5-qtr end average) 2,999,952 2,881,968 Tax effected impact of non-GAAP adjustments (3) 45,368 44,860 Total average capital, as adjusted 4,477,495 4,403,352 Less: Cash (5-qtr end average) (834,044) (676,308) Average invested capital less average cash$ 3,643,451 $ 3,727,044 Adjusted ROIC 15% 14% * Trailing Twelve Months is abbreviated as TTM. (1) Represents operating income as adjusted to exclude acquisition, integration and restructuring expenses, legal settlements and other, net, gain on disposal of subsidiary, acquisition-related intangible assets amortization expense, goodwill impairment and tax indemnifications. (2) Income taxes on non-GAAP operating income was calculated using the trailing twelve months effective tax rate adjusted for the impact of non-GAAP adjustments during the respective periods. (3) Represents the 5 quarter average of the year-to-date impact of non-GAAP adjustments.

Q1 Fiscal Year 2021 Financial Highlights For the quarter ended April 30, 2020 May 28, 2020

Forward‐Looking Statements Certain statements in this communication may contain “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including statements regarding Tech Data’s plans, objectives, expectations and intentions, Tech Data’s financial results and estimates and/or business prospects, involve a number of risks and uncertainties and actual results could differ materially from those projected. These forward looking statements are based on current expectations, estimates, forecasts, and projections about the operating environment, economies and markets in which Tech Data operates and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words, and similar expressions are intended to identify such forward looking statements. In addition, any statements that refer to Tech Data’s future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances, are forward looking statements. These forward looking statements are only predictions and are subject to risks, uncertainties, and assumptions. Therefore, actual results may differ materially and adversely from those expressed in any forward looking statements. For additional information with respect to important risks and other factors that could cause actual results to differ materially from those in the forward‐looking statements, see Tech Data’s Annual Report on Form 10‐K for the year ended January 31, 2020, including Part I, Item 1A, “Risk Factors” therein, Quarterly Reports on Form 10‐Q, Current Reports on Form 8‐K and other securities filings with the Securities and Exchange Commission (the “SEC”) that are available at the SEC’s website at www.sec.gov and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward‐looking statements, which speak only as of the date made. Many of these factors are beyond Tech Data’s control. Unless otherwise required by applicable securities laws, Tech Data disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. Tech Data undertakes no duty to update any forward looking statements contained herein to reflect actual results or changes in Tech Data’s expectations. Use of Non‐GAAP Financial Information This document includes financial results prepared in accordance with generally accepted accounting principles (“GAAP”). In addition to GAAP results, Tech Data management believes that the presentation of non‐GAAP financial measures is useful to investors because it provides investors with a more complete understanding of our operational results and a meaningful comparison of our performance between periods. The non‐GAAP results and outlook should only be used in conjunction with results reported in accordance with GAAP and are not intended to be a substitute for results reported in accordance with GAAP. Non‐GAAP financial measures presented in this presentation or other presentations, press releases and similar documents issued by Tech Data, include but are not limited to sales, income or expense items as adjusted for the impact of changes in foreign currencies (referred to as “constant currency”) , non‐GAAP selling, general and administrative expenses (“SG&A”), non‐GAAP operating income, non‐GAAP operating margin, non‐GAAP net income, non‐GAAP earnings per diluted share, Adjusted non‐GAAP operating income growth, Adjusted non‐GAAP EPS growth and Adjusted Return on Invested Capital. These non‐GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by comparable companies. Management may also use these non‐ GAAP financial measures to establish operational goals and, in some cases, for measuring performance for compensation purposes. This presentation provides a detailed reconciliation between results reported in accordance with GAAP and non‐GAAP financial measures. 2

Worldwide Net Sales $ in Billions Q1 FY21: $10.4 • Worldwide net sales were $8.2 billion, a decrease of 3% $9.1 $9.1 3% compared to the prior-year quarter. $8.4 4% 3% $8.2 4% 3% 41% • Portfolio optimization actions reduced net sales by Asia Pacific 47% 46% approximately 3 percent. 45% 48% Americas Europe • On a constant currency basis, net sales decreased 56% 1% compared to the prior-year quarter. 51% 49% 51% 49% • Three vendors represented 10% or more of net sales: Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Apple Inc. 14%; Cisco Systems 12%; and HP Inc. Y/Y Growth ‐2% 2% ‐2% ‐1% ‐3% 11%. Y/Y CC Growth (1) 3% 5% 0% 0% ‐1% ⁽¹⁾ CC: constant currency 3

Worldwide Gross Profit and Margin $ in Millions Q1 FY21: • Gross profit of $531.7 million increased 4% compared to the prior-year quarter and increased 7% on a constant currency basis. • Gross margin increased 44 basis points compared to the prior-year quarter. 4

Worldwide SG&A Expenses $ in Millions Q1 FY21: • Non-GAAP SG&A expenses of $402.8 million increased 5% compared to the prior-year quarter and increased 7% on a constant currency basis. • Non-GAAP SG&A as a percentage of net sales increased 35 basis points compared to the prior-year quarter. • GAAP depreciation and amortization expense was $42.0 million compared to $37.3 million in the prior- year quarter. (1) Non-GAAP SG&A excludes acquisition-related amortization of intangibles expenses, legal settlements and tax indemnifications. See GAAP to Non-GAAP reconciliation in the appendix. 5

Worldwide Operating Income $ in Millions Q1 FY21: • Worldwide non-GAAP operating income of $128.9 million increased 3% compared to the prior-year quarter, and increased 5% on a constant currency basis. • Worldwide non-GAAP operating margin increased 10 basis points from the prior-year quarter. (1) See the GAAP to Non-GAAP reconciliation in the appendix. . 6

Worldwide Net Income and EPS Q1 FY21: $ in Millions (except EPS) • The effective tax rate was 20%, compared to 23% in the prior-year quarter. The non-GAAP effective tax rate was 22%, compared to 23% in the prior-year quarter. • Non-GAAP net income of $80.1 million increased 5% compared to the prior-year quarter and increased 7% on a constant currency basis. • Non-GAAP EPS of $2.22 increased 9% compared to the prior-year quarter and increased 11% on a constant currency basis. (1) See the GAAP to non-GAAP reconciliation in the appendix. 7

Regional Results ‐ Americas Net Sales $ in Billions $4.3 $4.2 $4.3 Q1 FY21: $3.9 $3.8 • Americas’ reported net sales were $3.9 billion, an increase of 4% compared to the prior-year quarter • Portfolio optimization actions reduced net sales by approximately 2 percent. Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 • On a constant currency basis, net sales increased 5% compared to the prior-year quarter. Americas Y/Y Growth 5% 7% 2% 1% 4% Y/Y CC Growth (1) 6% 7% 2% 1% 5% (1) CC: constant currency 8

Regional Results ‐ Americas Operating Income (1) $ in Millions Q1 FY21: • Americas’ non-GAAP operating income of $83.7 million decreased 1% compared to the prior-year quarter, and decreased 1% on a constant currency basis. • Non-GAAP operating margin decreased 12 basis points compared to the prior-year quarter. (1) Before stock compensation expense. (2) See the GAAP to non-GAAP reconciliation in the appendix 9

Regional Results ‐ Europe Net Sales $ in Billions Q1 FY21: $5.8 • Europe’s reported net sales were $4.0 billion, $4.6 a decline of 8% compared to the prior-year $4.3 $4.4 $4.0 quarter. • Portfolio optimization actions reduced net sales by approximately 3 percent. • On a constant currency basis, net sales declined 5% compared to the prior-year Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 quarter. Europe Y/Y Growth ‐8% ‐2% ‐6% ‐2% ‐8% Y/Y CC Growth (1) 1% 2% ‐2% 0% ‐5% ⁽¹⁾ CC: constant currency 10

Regional Results ‐ Europe Operating Income (1) $ in Millions Q1 FY21: • Europe’s non-GAAP operating income of $52.0 million increased 14% compared to the prior-year quarter, and increased 19% on a constant currency basis. • Non-GAAP operating margin improved 25 basis points from the prior-year quarter. (1) Before stock compensation expense. (2) See the GAAP to non-GAAP reconciliation in the appendix. 11

Regional Results ‐ Asia Pacific Net Sales $ in Billions Q1 FY21: $0.34 $0.33 $0.31 $0.29 • Asia Pacific reported net sales were $0.26 billion, a decrease of 16% compared to the $0.26 prior-year quarter. • Portfolio optimization actions reduced net sales by approximately 12 percent. • On a constant currency basis, net sales decreased 12% compared to the prior-year Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 quarter. Asia Pacific Y/Y Growth 15% 14% 4% 0% ‐16% Y/Y CC Growth (1) 19% 17% 4% 0% ‐12% (1) CC: constant currency 12

Regional Results ‐ Asia Pacific Operating Income (1) $ in Millions Q1 FY21: • The Asia Pacific region’s non-GAAP operating loss was -$0.5 million. • Non-GAAP operating margin declined 110 basis points from the prior-year quarter. (1) Before stock compensation expense. (2) See the GAAP to non-GAAP reconciliation in the appendix. 13

Worldwide Cash Metrics Cash Flow from Operations Cash Conversion Cycle $ in Millions Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Days of Sales 59 54 58 54 60 Outstanding Days of Supply 38 33 33 29 36 Days of Purchases (78) (69) (74) (68) (76) Outstanding Cash Conversion 19 18 17 15 20 Cycle Q1 FY21: • Net cash used by operations was $8 million. • The cash balance at the end of the quarter was $829 million. 14

Worldwide Balance Sheet Highlights Q1 FY21: • Accumulated other comprehensive loss was $55.1 million. • Capital expenditures were $19.5 million. • At January 31, 2020, the company had $3.1 billion of equity, and 35.66 million shares outstanding resulting in book value of $87.12 per share. • At January 31, 2020, the company had approximately $1.9 billion of goodwill and acquired intangibles. 15

Worldwide Return on Invested Capital • Company’s Weighted Average Cost of Capital is approximately 9%. • Adjusted return on invested capital in Q1 FY21 TTM (trailing twelve months) was 15% compared to 14% in the prior-year quarter. (1) See reconciliation of ROIC to adjusted ROIC calculation in appendix. 16

APPENDIX GAAP to Non‐GAAP Reconciliations 17

SG&A $ in thousands Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Net Sales$ 8,406,424 $ 9,092,244 $ 9,118,944 $ 10,380,809 $ 8,175,174 SG&A Expenses (GAAP) $ 405,534 $ 431,694 $ 415,242 $ 438,208 $ 427,863 Acquisition-related intangible assets amortization expense (20,879) (21,182) (21,044) (23,812) (24,489) Legal settlements 282 - - 351 - Tax indemnifications (320) (265) (62) (545) (616) SG&A Expenses (non-GAAP)$ 384,617 $ 410,247 $ 394,136 $ 414,202 $ 402,758 SG&A Expenses (GAAP) % 4.82% 4.75% 4.55% 4.22% 5.23% SG&A Expenses (non-GAAP) % 4.58% 4.51% 4.32% 3.99% 4.93% 18

Operating Income Q1 FY21 (In thousands) Q1 FY21 Stock Ame r icas (1) Europe (1) Asia Pacific (1) Compensation Consolidated Expense Net Sales $ 3,944,760 $ 3,971,130 $ 259,284 $ 8,175,174 Operating income (loss) (GAAP) (1) $ 49,783 $ 45,884 $ (3,245) $ (6,307) $ 86,115 Acquisition, integration and restructuring 16,956 (178) 903 - 17,681 expenses Acquisition-related intangible assets 16,925 6,311 1,253 24,489 amortization expense Tax indemnifications - 7 609 616 Total non-GAAP operating income $ 33,881 $ 6,140 $ 2,765 $ - $ 42,786 adjustments Operating income (loss) (non-GAAP) $ 83,664 $ 52,024 $ (480) $ (6,307) $ 128,901 Operating margin (GAAP) 1.26% 1.16% -1.25% 1.05% Operating margin (non-GAAP) 2.12% 1.31% -0.19% 1.58% (1) GAAP operating income does not include stock compensation expense at the regional level. 19

Operating Income Q4 FY20 (In thousands) Q4 FY20 Stock Ame r icas (1) Europe (1) Asia Pacific (1) Compensation Consolidated Expense Net Sales $ 4,291,774 $ 5,760,643 $ 328,392 $ 10,380,809 Operating income (GAAP) (1) $ 89,095 $ 131,893 $ 5,562 $ (8,480) $ 218,070 Acquisition, integration and restructuring 8,275 1,196 19 463 9,953 expenses Legal settlements and other, net (351) - - (351) Acquisition-related intangible assets 16,058 6,448 1,306 23,812 amortization expense Tax indemnifications - 1,295 (750) 545 Total non-GAAP operating income $ 23,982 $ 8,939 $ 575 $ 463 $ 33,959 adjustments Operating income (non-GAAP) $ 113,077 $ 140,832 $ 6,137 $ (8,017) $ 252,029 Operating margin (GAAP) 2.08% 2.29% 1.69% 2.10% Operating margin (non-GAAP) 2.63% 2.44% 1.87% 2.43% (1) GAAP operating income does not include stock compensation expense at the regional level. 20

Operating Income Q3 FY20 (In thousands) Q3 FY20 Stock Ame r icas (1) Europe (1) Asia Pacific (1) Compensation Consolidated Expense Net Sales $ 4,202,320 $ 4,622,270 $ 294,354 $ 9,118,944 Operating income (GAAP) (1) $ 82,420 $ 66,536 $ 279 $ (7,347) $ 141,888 Acquisition, integration and restructuring 3,551 975 121 - 4,647 expenses Gain on disposal of subsidiary - (1,390) - (1,390) Acquisition-related intangible assets 13,438 6,312 1,294 21,044 amortization expense Tax indemnifications - - 62 62 Total non-GAAP operating income $ 16,989 $ 5,897 $ 1,477 $ - $ 24,363 adjustments Operating income (non-GAAP) $ 99,409 $ 72,433 $ 1,756 $ (7,347) $ 166,251 Operating margin (GAAP) 1.96% 1.44% 0.09% 1.56% Operating margin (non-GAAP) 2.37% 1.57% 0.60% 1.82% (1) GAAP operating income does not include stock compensation expense at the regional level. 21

Operating Income Q2 FY20 (In thousands) Q2 FY20 Stock Ame r icas (1) Europe (1) Asia Pacific (1) Compensation Consolidated Expense Net Sales $ 4,316,731 $ 4,439,627 $ 335,886 $ 9,092,244 Operating income (GAAP) (1) $ 93,085 $ 37,649 $ 2,068 $ (8,055) $ 124,747 Acquisition, integration and restructuring 1,341 3,229 639 - 5,209 expenses Acquisition-related intangible assets 13,440 6,430 1,312 21,182 amortization expense Tax indemnifications - - 265 265 Total non-GAAP operating income $ 14,781 $ 9,659 $ 2,216 $ - $ 26,656 adjustments Operating income (non-GAAP) $ 107,866 $ 47,308 $ 4,284 $ (8,055) $ 151,403 Operating margin (GAAP) 2.16% 0.85% 0.62% 1.37% Operating margin (non-GAAP) 2.50% 1.07% 1.28% 1.67% (1) GAAP operating income does not include stock compensation expense at the regional level. 22

Operating Income Q1 FY20 (In thousands) Q1 FY20 Stock Ame r icas (1) Europe (1) Asia Pacific (1) Compensation Consolidated Expense Net Sales $ 3,789,198 $ 4,309,500 $ 307,726 $ 8,406,424 Operating income (GAAP) (1) $ 68,633 $ 36,420 $ 876 $ (8,305) $ 97,624 Acquisition, integration and restructuring 2,911 3,024 286 - 6,221 expenses Legal settlements and other, net (282) - - (282) Acquisition-related intangible assets 13,440 6,115 1,324 20,879 amortization expense Tax indemnifications - - 320 320 Total non-GAAP operating income $ 16,069 $ 9,139 $ 1,930 $ - $ 27,138 adjustments Operating income (non-GAAP) $ 84,702 $ 45,559 $ 2,806 $ (8,305) $ 124,762 Operating margin (GAAP) 1.81% 0.85% 0.28% 1.16% Operating margin (non-GAAP) 2.24% 1.06% 0.91% 1.48% (1) GAAP operating income does not include stock compensation expense at the regional level. 23

Net Income and EPS (In thousands, except per share data) Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Net Income Diluted EPS Net Income Diluted EPS Net Income Diluted EPS Net Income Diluted EPS Net Income Diluted EPS GAAP Results $55,400 $1.49 $79,250 $2.16 $90,770 $2.52 $149,080 $4.15 $48,065 $1.34 Acquisition, integration and restructuring expenses 6,221 0.17 5,209 0.14 4,647 0.13 9,953 0.27 17,681 0.49 Legal settlements and other, net (282) (0.01) - - - - (351) (0.01) - - Gain on disposal of subsidiary -- --(1,390)(0.04)-- -- Acquisition-related intangible assets amortization expense 20,879 0.56 21,182 0.58 21,044 0.59 23,812 0.66 24,489 0.68 Tax indemnifications 320 0.01 265 0.01 62 - 545 0.02 616 0.02 Income tax effect of tax indemnifications (320) (0.01) (265) (0.01) (62) - (545) (0.02) (616) (0.02) Income tax effect of other adjustments above (6,321) (0.17) (7,015) (0.19) (6,306) (0.18) (8,307) (0.23) (10,184) (0.29) Change in deferred tax valuation allowances -- -- --1,3000.04-- Non-GAAP Results $75,897 $2.04 $98,626 $2.69 $108,765 $3.02 $175,487 $4.88 $80,051 $2.22 Weighted average shares 37,247 36,661 35,968 35,928 36,002 outstanding - diluted 24

Return on Invested Capital $ in thousands Twelve months ended April 30, TTM Net Operating Profit After Tax (NOPAT)*: 2019 2020 Operating income$ 520,930 $ 570,820 Income taxes on operating income (1) (52,272) (127,358) NOPAT $ 468,658 $ 443,462 Average Invested Capital: Short-term debt (5-qtr end average)$ 115,018 $ 119,171 Long-term debt (5-qtr end average) 1,361,506 1,313,004 Shareholders' Equity (5-qtr end average) 2,881,968 2,999,952 Total average capital 4,358,492 4,432,127 Less: Cash (5-qtr end average) (676,308) (834,044) Average invested capital less average cash $ 3,682,184 $ 3,598,083 ROIC 13% 12% * Trailing Twelve Months is abbreviated as TTM. (1) Income taxes on operating income was calculated using the trailing twelve months effective tax rate. 25

Adjusted Return on Invested Capital $ in thousands Twelve months ended April 30, TTM Net Operating Profit After Tax (NOPAT), as adjusted*: 2019 2020 Non-GAAP operating income (1) $ 708,588 $ 698,584 Income taxes on non-GAAP operating income (2) (179,283) (159,929) NOPAT, as adjusted $ 529,305 $ 538,655 Average Invested Capital, as adjusted: Short-term debt (5-qtr end average)$ 115,018 $ 119,171 Long-term debt (5-qtr end average) 1,361,506 1,313,004 Shareholders' Equity (5-qtr end average) 2,881,968 2,999,952 Tax effected impact of non-GAAP adjustments (3) 44,860 45,368 Total average capital, as adjusted 4,403,352 4,477,495 Less: Cash (5-qtr end average) (676,308) (834,044) Average invested capital less average cash $ 3,727,044 $ 3,643,451 Adjusted ROIC 14% 15% * Trailing Twelve Months is abbreviated as TTM. (1) Represents operating income as adjusted to exclude acquisition, integration and restructuring expenses, legal settlements and other, net, gain on disposal of subsidiary, acquisition-related intangible assets amortization expense, goodwill impairment and tax indemnifications. (2) Income taxes on non-GAAP operating income was calculated using the trailing twelve months effective tax rate adjusted for the impact of non-GAAP adjustments during the respective periods. (3) Represents the 5 quarter average of the year-to-date impact of non-GAAP adjustments. 26


FL	0-14625	59-1578329
(State of Incorporation)	(Commission File Number)	(IRS employer Identification No.)

Document and Entity Information	May 28, 2020
Cover [Abstract]
Title of 12(b) Security	Common stock, par value $.0015 per share
Pre-commencement Issuer Tender Offer	false
Pre-commencement Tender Offer	false
Soliciting Material	false
Written Communications	false
Entity Incorporation, State or Country Code	FL
Entity Central Index Key	0000790703
Document Type	8-K
Document Period End Date	May 28, 2020
Entity Registrant Name	TECH DATA CORPORATION
Entity Address, Address Line One	5350 Tech Data Drive
Entity Address, City or Town	Clearwater
Amendment Flag	false
Entity File Number	0-14625
Entity Tax Identification Number	59-1578329
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33760
City Area Code	727
Local Phone Number	539-7429
Trading Symbol	TECD
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false


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


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


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