Value Since we began in 1980, Sanmina-SCI has adhered to a “customer centric” philosophy that puts the customer fi rst and delivers what each defi nes as value. Today Sanmina-SCI provides complete end-to- end manufacturing services to companies of all sizes, geographic locations and end markets. As a trusted partner, we off er a full suite of vertically integrated services through design and engineering, printed circuit board (PCB) fabrication and assembly, backplanes, cables, enclosures, precision machining, plastic injection molding, PCB assembly, memory modules, optical modules, build-to-order (BTO) and confi gure-to-order (CTO) expertise, fi nal system assembly and test, logistics and post-manufacturing repair/warranty services. Service At Sanmina-SCI, service means the ability to recognize, anticipate and concentrate on the specifi c needs of its customers. Both our business strategy and day-to-day-operations are based on the feedback we get from our customers and we have built and grown Sanmina-SCI one satisfi ed customer at a time. Today, we off er tailored services to customers within the automotive, communications infrastructure, computing, defense and aerospace, medical, industrial, semiconductor equipment, and multimedia and consumer industries worldwide. A Sanmina-SCI Prospectus 2006 1 Letter To Our Shareholders, Customers and Associates: 2006 Financial Performance and Consumer by 14.2%, and the Industrial, Semiconductor and Automotive business segment In 2006 we realigned our business infrastructure to grew 14.0% year over year. We continued to reduce costs, support increased sales, maximize experience weakness in the Personal and service levels, and to grow and strengthen customer Business Computing sector which declined 19.6% relationships. Although we experienced challenges mainly due to an overall weakness in demand for during 2006, we made headway on a number of desktop PC’s. This decline was partially offset by fronts. As a result of our continued focus on the basic increased penetration in our more profi table fundamentals of our business, Sanmina-SCI reported end markets. sales of $10.96 billion and non-GAAP earnings per share of $0.19 from continuing operations for the During the year, Sanmina-SCI refi nanced its 10.375% year ended September 30, 2006. Gross margins high yield debt due 2010 with 8.125% high yield increased from 5.5% to 5.8%, a 5% improvement debt due 2016. Additionally, we repaid $150 million year over year. in long term debt and extended our average debt maturities. As a result of our fl exibility and operating Several of our strategic end markets experienced effi ciency, the Company ended the year with a signifi cant growth in 2006. Defense and Aerospace strong balance sheet with cash of $492 million and grew by 35.4%, Medical by 9.7%, Multimedia liquidity of approximately $860 million. 2 A Sanmina-SCI Prospectus 2006 Focus on the Fundamentals Sanmina-SCI continues to concentrate on the basic fundamentals of the business to improve the ability to leverage our core strengths, boost operational performance and provide better service to customers around the world. Our vision is to build Sanmina-SCI into an industry leading, customer- centric company by listening to the customer, being inventive on their behalf, offering total end-to-end manufacturing solutions, and by personalizing their experience. We add value to our customers by providing the most effi cient and effective solution for them to enhance their design, manufacturing and logistics requirements whether in North Our Core Business: America, Europe, Asia or the Middle East. • Design and Engineering • Printed Circuit Board (PCB) Fabrication We have expanded our Joint Design Manufacturing • Backplane/Cable Assembly (JDM) services to reduce our customers’ time-to- • Enclosure Systems market and R&D costs. Working with the customer • Plastic Injection Molding early in the design phase ensures product • Precision Machining manufacturability, quality and reliability. We • Printed Circuit Board Assembly have the most experienced engineering, product • Optical Modules development and technical support teams in • Memory Modules the industry, and are a preferred manufacturing • Final System Assembly and Test partner for the delivery of innovative, high-end • Build to Order (BTO)/Confi gure to Order (CTO) product solutions. • Logistics and Post Manufacturing To grow market share means to provide useful Targeted End Markets: and signifi cant options to the markets we serve, • Automotive and to expand into new areas that build upon our • Communications Infrastructure technologies, global footprint and services. With • Computing a full suite of vertically integrated services to offer, • Defense and Aerospace we see increased opportunities in Sanmina-SCI’s • Industrial core business. We continue to devote energy and • Medical resources to solidify and extend our position in each • Multimedia and Consumer of our targeted end markets. • Semiconductor Equipment A Sanmina-SCI Prospectus 2006 3 Innovation Our innovative strategy is a powerful diff erentiator. With more than 1,500 design and engineering personnel across our various market-focused divisions, we help advance our customers’ technologies and products. Sanmina-SCI has the vision and technological know-how to drive down manufacturing costs and to create new technologies that solve unique customer demands. Innovation is just one more reason why customers select Sanmina-SCI as their partner of choice. 4 A Sanmina-SCI Prospectus 2006 Operational Excellence Our entire company is highly focused on driving operational excellence. We provide our customers with world-class service and an extensive line of innovative products that combine the best in technology and value. With strategic locations in 19 countries on 5 continents, we provide customers with the strategic advantages they need to compete in a global market by offering: • Best-in-class technology and processes • Local, regional and global manufacturing support • New Product Introduction (NPI) • World-class BTO, CTO and IT capabilities • Vertical integration • True partnership and unparalleled customer service Our long-term commitment to developing advanced manufacturing technologies proven to drive down cost and solve unique customer demands will serve as the foundation for Sanmina-SCI’s operational excellence strategy in 2007 and beyond. The key to the future is the customer. We will continue to reinforce a cost-conscious philosophy that makes each customer as competitive as possible. These efforts enable us to invest in business-building initiatives in support of our customers’ cost-reduction and time-to- market requirements. A Sanmina-SCI Prospectus 2006 5 Delivery Today, Sanmina-SCI is a global company with a solid manufacturing infrastructure and leading-edge capabilities. We design, manufacture and deliver electronics products into virtually every major marketplace in the world. Whether a customer needs local, regional or global manufacturing solutions and support, we can help them reduce new market risks with enhanced product quality, decreased time-to-market and improved customer satisfaction. 6 A Sanmina-SCI Prospectus 2006 We will continue to focus on long-term customer and employees worldwide remain committed to relationships and growth by investing in technological improved performance, operational consistency innovation, partnering with industry leaders and and profi table growth. driving excellence in performance. I want to personally thank our team of talented, Goals for 2007 hard-working employees who are the single most important element of Sanmina-SCI’s success. Driving profi tability is our number one goal. In As always, we at Sanmina-SCI remain grateful to the coming year, we will strive to improve our our customers for their business and trust, and partnerships, our own productivity and effi ciency, to our shareholders for their continued support our management of fi xed expenses and working and encouragement. capital, and our expertise in managing product mix and pricing. We will be persistent in strengthening our fi nancial metrics to create shareholder value. We begin 2007 with confi dence that our strong foundation will take us into a future of growth and possibilities. While we have made progress, there is Jure Sola still much to do. Sanmina-SCI’s management team Chairman and Chief Executive Offi cer A Sanmina-SCI Prospectus 2006 7 Thank You We would like to take a moment to thank everyone who supports Sanmina-SCI – our customers, partners, employees and shareholders for their continued trust and confi dence as we move into the next exciting phase of Sanmina-SCI’s history. Our winning culture of accountability and success, plus our strong brand and reputation in the EMS industry, will continue to propel Sanmina-SCI forward as we strive to become the number one EMS provider in the world. Th ank you for your support. 8 A Sanmina-SCI Prospectus 2006 Sanmina-SCI 10-K 2006 Annual Report UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2006 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-21272 Sanmina-SCI Corporation (Exact name of registrant as specified in its charter) Delaware 77-0228183 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 2700 North First Street, San Jose, CA 95134 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (408) 964-3500 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Common Stock, $0.01 Par Value (Title of Class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Act.