1. Credit Suisse
2008 Annual
Technology Conference
December 4, 2008

2. SAFE HARBOR STATEMENT
This presentation may include forward-looking statements, including statements addressing
future financial results. These statements are subject to a number of risks and uncertainties
that could cause actual results or facts to differ materially from such statements for a variety
of reasons including, but not limited to: industry conditions, the company’s implementation of
its new global financial system and the company’s planned implementation of its new
enterprise resource planning system, changes in product supply, pricing and customer
demand, competition, other vagaries in the global components and global ECS markets,
changes in relationships with key suppliers, increased profit margin pressure, the effects of
additional actions taken to become more efficient or lower costs, the company’s ability to
generate additional cash flow and the other risks described from time to time in the
company’s reports to the Securities and Exchange Commission (including the company’s
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q). Forward-looking
statements are those statements, which are not statements of historical fact. These forward-
looking statements can be identified by forward-looking words such as quot;expects,quot;
quot;anticipates,quot; quot;intends,quot; quot;plans,quot; quot;may,quot; quot;will,quot; quot;believes,quot; quot;seeks,quot; quot;estimates,quot; and similar
expressions. Shareholders and other readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date on which they are made.
The company undertakes no obligation to update publicly or revise any of the forward-looking
statements.
Credit Suisse 2008 Annual
Technology Conference

3. WE POWER THE SUPPLY CHAIN
Arrow is in the center of a $420Bn market. We touch all geographies,
all technologies, and all end markets. We connect key players in
unique, value enhancing and sustainable ways
Percentage of Revenue
OUR REACH
from Arrow Businesses
Worldwide Presence
31%
OUR SERVICES
Arrow = Value Added Services
OUR PRODUCTS
Unmatched Line Card
69%
> 600 Suppliers
OUR PRODUCTS
Unmatched Line Card
OUR CUSTOMERS
Global Components
Diverse Customer Base
Global Enterprise Computing Solutions
Credit Suisse 2008 Annual
Technology Conference

4. ARROW STRATEGY AT A GLANCE
GROW THE OPERATIONAL FINANCIAL SHARED
BUSINESS EXCELLENCE STABILITY LEADERSHIP
Grow Faster Than Flawless Execution Timeless Business Build The Arrow
The Market Global Enterprise Model Team
Resource Planning
(ERP)
Strategy for the Future – Strengthen Arrow – Build the Team
Strategy Leadership
Execution
Credit Suisse 2008 Annual
Technology Conference

5. WELL POSITIONED “TO WEATHER THE STORM”
We have fundamentally changed the way our company is run
Tech Bust Today
$2-2.50 in downside scenario
EARNINGS FLOOR $.15
(10% reduction in sales)
Strongest balance sheet in 10
BALANCE SHEET $3Bn in net debt and 65%
yrs, $1Bn in net debt, net
net debt/cap
debt/cap ~20%
WORKING CAPITAL WC/Sales of 15%
WC/Sales of 25%
CASH FLOW Cash flow positive throughout
Cash generation only in
the cycle
down cycles
Muted cyclicality
Volatile patterns
SUPPLY CHAIN
Credit Suisse 2008 Annual
Technology Conference

6. IN PARTICULAR, SINCE THE LAST DOWNTURN IN THE TECH
SECTOR, WE HAVE REDUCED OUR LEVERAGE AND INCREASED
OUR LIQUIDITY
Estimated
12/31/00 12/31/08
($ millions)
Cash $ 56 $ 340
Debt
Short Term $ 1,832 $ 50
Long Term 1,725 1,200
Total $3,557 $1,250 - $2,307
Shareholders’ equity $1,914 $3,620 + $1,706
Debt to cap. - gross 65% 26%
- net 65% 20%
Debt to EBITDA - gross 4.1x 1.8x
- net 4.0x 1.3x
Available liquidity $ 270 $1,400
Credit Suisse 2008 Annual
Technology Conference

7. THERE ARE NO REQUIRED RE-FINANCINGS UNTIL 2010 WHEN WE
RENEW OUR A/R SECURITIZATION PROGRAM AND LONG TERM
DEBT MATURES
Maturity Schedule of Existing Debt
(in millions)
$1,100
1000
900
800
700
600 $800
500 $600
400
300
200 $395
$350
100 $200 $200
$65
0
Short- 2009 2010 2011 2012 2013 2014 2015+
Term
Senior Debt
Bank Term Loan
Short -Term Debt
Revolving Credit Facility = $800
A/R Securitization = $600
Credit Suisse 2008 Annual
Technology Conference

8. CASH FLOW POSITIVE INDEPENDENT OF MARKET CONDITIONS
We have generated cash for seven consecutive years totaling $4.5Bn
Cumulative Operating Cash Flow
($MM)
Capital Allocation Strategy
Invest in the business $5,000
$4,500
Acquisitions to strategically
$4,000
accelerate growth that meet
$3,500
our value criteria
$3,000
Evaluate options to return $2,500
value to shareholders $2,000
$1,500
Maintain investment grade
$1,000
rating over the long-term
2001 2002 2003 2004 2005 2006 2007 2008
YTD
Credit Suisse 2008 Annual
Technology Conference

9. CONTINUED OPERATIONAL IMPROVEMENT
ROIC*** as % of WACC
Net Sales ($Bn) $16.9
$16.0
125%
$13.6
15%
$11.2
$10.6 CAGR
$8.5
$7.3
40%
2002 2003 2004 2005 2006 2007 2008* 2002 LTM Q308
Diluted EPS** Cumulative Operating Cash Flow ($MM)
$3.29
$2.94
$2.92
$2,967
$2.18 $2,521
$1.97
64%
$1,671
CAGR $1,550
$1,148
$960
$0.74
$668
$0.15
2002 2003 2004 2005 2006 2007 2008* 2002 2003 2004 2005 2006 2007 2008*
*Represents 2008 YTD performance plus Q4 First Call consensus estimate. **Represents GAAP measure adjusted to exclude the impact of restructuring
and other items affecting comparability. Includes estimated amortization of intangible assets ***ROIC = Tax effected op. inc. and equity earnings of
affiliates excluding restructuring and other charges – annualized minority interest/(Avg Debt + Avg Equity – Avg Cash over $150MM).
Credit Suisse 2008 Annual
Technology Conference

10. CURRENT ECONOMIC BACKDROP
Greater customer cautiousness
“Recessionary” like environment in North America and Europe
+ Limited availability to credit restraining growth
Limited visibility beyond 30 days
Asia/Pacific growth slowing from “heated” levels
Arrow outlook
Q4 sales below 2007 levels
Profits estimated at healthy $0.60 to $0.68 in EPS
Strong cash flow generation
Manage business prudently
Remain true to long-term vision
Seize opportunities as they arise
Credit Suisse 2008 Annual
Technology Conference

11. WELL POSITIONED “TO WEATHER THE STORM”
Our strong financial position is a competitive advantage
Leading position in Asia/Pacific
No customer, supplier or geographic dependency
Great defensive play
Strong cash in growth period; stronger in recessionary times
Eliminated $230 million in fixed costs over past 5 years
Balance sheet and capital structure remain strong
High-quality assets with minimal risk of write-down
Conservative debt maturity profile with next maturity ($200 million) not
until 2010
Debt to capital near record low level
Access to $1.4Bn in committed liquidity facilities
Flexibility to adjust our cost structure in response to changing market
conditions
Credit Suisse 2008 Annual
Technology Conference

12. Credit Suisse
2008 Annual
Technology Conference
December 4, 2008