Slide 1: Fourth Quarter Fiscal 2013 Earnings Conference Presentation
© Supermicro 2013 Confidential Fourth Quarter Fiscal 2013 Earnings Conference Presentation August 6, 2013 Exhibit 99.2
Slide 2: Safe Harbor Statement
Confidential 2 Safe Harbor Statement This presentation contains 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. These forward-looking statements may relate, among other things,
Slide 3: Non-GAAP Financial Measures
Confidential 3 Non-GAAP Financial Measures Non-GAAP gross margin in this presentation excludes stock-based compensation expense. Non- GAAP net income and net income per share in this presentation exclude stock-based compensation expense and the related tax effect of the applicable items. Management
Slide 4: Q4'FY2013 Non-GAAP Financial Highlights
Confidential 4 Q4’FY2013 Non-GAAP Financial Highlights (in millions, except per share data) Q4'13 YoY Sequential Revenue $322.3 16.8% 15.9% Profit after Tax $11.3 39.2% 12.6% EPS $0.26 44.4% 13.0% Change
Slide 5: Summary of Results
Confidential 5 Summary of Results Revenues were a record high and 16.8% higher year over year OEM and Direct business was 43.3% of total revenues and Internet Data Center was 9.5% of total revenues System business was 47.4% of total revenues Revenues by Geography: US – 56.2% Europe – 23.
Slide 6: Supermicro Technologies
Confidential Supermicro Technologies FatTwin™ Architecture GPU-optimized HFT Workstation Embedded Solution Big Data Solutions Battery Backup Power 12-node MicroCloud Product Families FatTwin™ Architecture 16% more efficient than competition. DC, Cloud, HPC and Hadoop optimized SKUs GPU Optimized Sol
Slide 7: Revenue Trend
Confidential 7 Revenue Trend Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 $276 $271 $291 $278 $322 #039;s millions Supermicro Revenue Trend Y/Y 6.0% 9.2% 16.6% 15.8% 16.8% Seq. 14 9 -1 9 7 7 -4 6 5 9
Slide 8: Revenue Analysis
Confidential 8 Revenue Analysis Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 $153 $164 $165 $162 $169 $123 $107 $126 $116 $153 #039;s millions Supermicro Subsystems/System Revenue Subsystems Systems
Slide 9: Non-GAAP Gross Margins
Confidential 9 Non-GAAP Gross Margins Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 15.5% 13.0% 13.8% 14.1% 14.4%
Slide 10: Non-GAAP Gross Profit
Confidential 10 Non-GAAP Gross Profit $- $10.0 $20.0 $30.0 $40.0 $50.0 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 $42.6 $35.3 $40.3 $39.1 $46.3 Gross Profit #039;s millions
Slide 11: Summary P&L non-GAAP
Confidential 11 Summary P&L non-GAAP (in millions, except per share data) Q4'13 YoY Sequential Q4'12 Q3'13 Operating Expense $31.2 $0.5 $0.3 $30.6 $30.8 Operati g Expense Ratio 9.7% -1.4% -1.4% 11.1% 11.1% Operating Income $15.1 $3.1 $6.8 $12.0 $8.3 Net Income $11.3 $3.2 $1.3 $8.1 $10.0 EPS $0.26 $0
Slide 12: Q4 FY2013 YTD Summary Statement of Cash Flows
Confidential 12 Q4 FY2013 YTD Summary Statement of Cash Flows ($’s millions) 12 Months Ended 12 Months Ended 30-Jun-13 30-Jun-12 Net Income $21.3 $29.9 Depreciation and amortization $7.8 $7.1 Stock comp expense $11.4 $10.3 Other reserves $2.7 $3.6 Net change in AR, Inventory, AP -$37.8 -$48.4 Other
Slide 13: Q4 FY 2013 Summary of Balance Sheet Metrics
Confidential Q4 FY 2013 Summary of Balance Sheet Metrics ($’s millions) 13 Q4'13 Q3'13 Change Cash Equivalents & Investments 95.7$ 96.7$ (1.0)$ Accounts Receivable 149.3$ 122.3$ 27.0$ Inventory 254.2$ 257.3$ (3.1)$ Accounts Payable 172.9$ 163.6$ 9.3$ DSO 38 39 -1 DIO 84 94 -10 DPO 55 59 -4 Cash Cycl
Slide 14: Supplemental Financials
Confidential 14 Supplemental Financials Fourth Quarter Fiscal 2013 Ended June 30, 2013
Slide 15: Non-GAAP Financial Summary
Confidential 15 Non-GAAP Financial Summary (in millions, except per share data) Q4'13 Q3'13 Q4'12 Net Sales 322.3$ 278.0$ 275.9$ Non-GAAP Gross Margin 14.4% 14.1% 15.5% Non-GAAP Operating Expenses 31.2$ 30.8$ 30.6$ Non-GAAP Operating Income 15.1$ 8.3$ 12.0$ Non-GAAP Net Income 11.3$ 10.0$ 8.1$ Non-G
Slide 16: Prior Period Net Income Comparisons
Confidential 16 Prior Period Net Income Comparisons (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q4'13 Q3'13 Q4'12 Net Income (GAAP) 8.4$ 7.0$ 5.5$ Stock Comp & Other Unusual Expense (tax affected)* 2.9$ 3.0$ 2.6$ Net Income (Non-GAAP)* 11.
Slide 17: Quarterly Net Income (Loss) GAAP to Non-GAAP Reconciliation
Confidential 17 Quarterly Net Income (Loss) GAAP to Non-GAAP Reconciliation (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q4'13 Q3'13 Q2'13 Q1'13 Q4'12 Net income (GAAP) 8.4$ 7.0$ 4.9$ 0.9$ 5.5$ Adjustments: Stock-based compensation expense