Tech Data — Q2 FY2016 Earnings Presentation
26 slides from Tech Data's earnings presentation, Aug 21, 2015
Slide 1: Q2 Fiscal Year 2016 Financial Highlights
D Rech Data Q2 Fiscal Year 2016 Financial Highlights ‘August 20, 2015
Slide 2: 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 thatthe presentation of non-GAAP financial —————EEee measures is useful to investors because it provides investors with a
Slide 3: Worldwide Net Sales
Worldv Net Sales ‘in Bion | 66 373 35068 $59 35% + Q2FY16 worldwide re om 22 yorldwide ee 4% year-over-year to $6 | 60% 58% ha eyed | aver nd incr GAs GaAs Ges GLAS a2FI6 rted net sales decli americas europe | ReporedYiVGromh 8% 6% AM FEAG.YGroWh 6% «= «OHH
Slide 4: The Americas Net Sales
$ y The Americas | Net Sales ‘in Bion $27 lil : tl oe . l | ss ver ves 18 | i GRAVIS QBFYIS QSFYIS QL FIG 02 FVI6 Reported YIVGrowth 4% 3% SK OG
Slide 5: Europe Net Sales
sia Europe By gf NetSales Sinetions de) 2 3 a a @ mis mis mis m6 FIG Reported /¥Growh 1% KOK AM IH =quentially
Slide 6: Gross Profit and Margin
*) Gross Profit and Margin Sin Mitions so514 $3283 , onal @rs ars ass aims aris | meGross Profit ——Grose Margin |
Slide 7: Worldwide SG&A Expenses (Non-GAAP)
ae Worldwide *) SG&A Expenses (Non-GAAP) \$ a Gens ams ass airs azrris mon GAAP SCBA CHD Non GAAP SCBA GMAPScaAep $2845 52712 $2659 $2475 $2500 GMPSGEAK 4.16% 401% 264% 420% 280% ONonGAAP SGA excludes acquistion lated arcrtzaton of tangible Please tee GAAP 1 Non-GAAP
Slide 8: Worldwide Operating Income (Non-GAAP)
Worldwide | Operating Income (Non-GAAP) ’ Sin itions sii7 | liars incre million ams ams aims aims ame | on eat Operating | mr opernane $6777 SONS S19 $1062 9150 he GAAP to Now-GAAP recontton ithe eppend
Slide 9: The Americas Operating Income (Non-GAAP)
The Americas | @ Operating Income (Non-caar): Sin tions | ‘+ The Americas’ Q2 FY 16 non-GAAP operatir QRFS BFS EFS GIFS GAS Non-GAAP Operating Income! ——Non-GAAP Operating | ‘Margin GaaPoperatingincome” $389 $422 $9728 $624 $608 GAAP Operating Margin” 143% 160% 147% 267% 2.21%
Slide 10: Europe Operating Income (Non-GAAP)
Europe ! fea oe x Operating Income (Non-GAAP) ‘in Mitions | $764 | "prove id improve Rens GRAVIS QeANIS QIFTIS ZFS ENon-GaAP Operating | Non-GAAP Operating Margia® GAAP Operating ‘GAAP Operating Maran $327 $284 $679 $234 Sas 079% 06 142% 066% 1.29%
Slide 11: Worldwide Net Income and EPS (Non-GAAP)
Worldwide | Net Income and EPS (Non-GAAP) _$iniiion except EPS $749 against t quarter negat RAIS GHAIS QUAYS IRIS Q2AI6 mon GAAP Het Income — =Non GAAP EPS ted Gnpnettocome «$3937 SOT Sa STH GAAPERS-diuted $203,209 S22 $138 S200 Weighted Average SharesOusanding- 38368 39433 38,282 37,036 36615. Diut
Slide 12: Worldwide Cash Conversion Cycle and Cash Flow
Worldwide [ Cash Met s ‘cash Conversion Cyet ‘cash Flow from Operations: Shiaions rations in Q2 F) a ae ie | outs sn =e as | See on ee Mee at Re | | Days of = [ a ee Sa ;. E 7 a : — s i as $709 million a fs & ew s Cycle 2 at o_o
Slide 13: Worldwide Balance Sheet Highlights
» Worldwide Df Balance sheet Highlights i Debt to Total Capital eaeris aaFrIs UNIS GING OVE a wor $88 65 SR BO S233 200 $1960 S19 S196 a At July $1.96 billion of equity
Slide 14: Worldwide Share Repurchase Activity
igen Worldwide ~@ mount Number ot faperchased py teenth (millions) G2 FY18 Share Ropuchsee seas 1082 c2vTO vis Share Repucases 1101 1304 (Cumulative Repurchases To Date Suir pen: $1,263. 29.456 WP] Share Repurchase Activity Q2 FY16 $5778
Slide 15: Return on Invested Capital (Non-GAAP)
Worldwide | @D | Return on Invested Capital”woncaan) | | | xh n . TL | | aris j { SSace Boone: Smet 208
Slide 16: Net Sales by Product Category
cust softer nets) ‘wate Stn Software 18% inersvs [Mobily vans 16% am © pata 2K Campony estimates for the 12 months ended uly 31,2015 efteonetstes) tl consumer Electronics *
Slide 17: Q3 Fiscal Year Outlook
Q3 Fiscal Year 201 + For the third quarter ending October 31, 2015, the Company expects year-over-year local currency sales growth of mid-single digits in the Americas, and mid- to high-single digits in Europe. This outlook excludes approximately $77 million of net sales from the previous year’s thi
Slide 18: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP to Non-GAAP Reconciliations
Slide 19: SG&A
SG&A “Three months ended. hs ended re ‘Three mont Stina genera are SORA") —Sayat 20a “Qetober34, 2014 Janvary34,2018 —Apri30, 2078 July a4, 2018 (dn thousands) Not Sales S_Gssisos s e7erte1 $s 7339401 $ 5887220 ¢ 6.580.393 GMP SGBA expenses Sweats S)274238 $= 28890 sl avastS 249.816 Acquisition rela
Slide 20: Operating Income Q2 FY16
Operating Income Q2 FY16 Three months ended July 31, 2075 ‘Stock (inthousands) Americas? Europe? Compensation consolidated Net Sales 32,745,429 $3,634,064 5 GAAP operating income 3 60,752 S 40,aa3 S (G,060) 105,235 Restatement and remediation-elated expenses 146 18 164 LCD settlements (21,527) - (21
Slide 21: Operating Income Q1 FY16
Operating Income Q1 FY16 “Thies monihe ended Apa 30,2035 Stock (mn tousants) sianiaste: reuropat™ — leomnmertnaon sian Europe Compensation consolidated Net sates 3 2300260 “$3,507,969 GAAP operating income’? Ss e2380 “$2307 SBI Restatement and remediatlonselated expenses 38 580 LD settlements easy -
Slide 22: Operating Income Q4 FY15
Operating Income Q4 FY15 Three months ended January 31, 2075 ‘Stock Ain thousands) Americas Europe? Compensation mpensation consolidated Net Sates $2,563,662 $ 4,775,629 $7,339,491 GAAP operating income S| 37.776 § 67878 § (3,970) S$ 101,684 Restatement and remediation-related expenses 36 2.928 2,96
Slide 23: Operating Income Q3 FY15
Operating Income Q3 FY15 Three months ended October 31, 2074 Atnthousands) Americas! Europe‘? Compensation consolidated Net Sates S 2,644085 $ 4,117,096 $6,761,181 GAAP operating income S 42104 § 28407 § (3,856) $ 65,745 Restatement and remediation-related expenses err 4.187 2.064 LOD settlements, 6
Slide 24: Operating Income Q2 FY15
Operating Income Q2 FY15 ‘Three months ended July 37, 2014 “Stock Americas? Europe‘? Compensation Gonsctidated $ 2722191 § 4,119,618 $6,041,809 GAAP operating income S 38054 § 92725 8 (31869) S O7.710 Restatement and remediation-related expenses 190 5,108 578 Value added tax assessment - (6,229) . (
Slide 25: Net Income and EPS
Net Income and EPS ponte oto am = aos —= — rae = coer 35) om ox en! “ 2 « . . . ‘ “ wry won a] Rgnieenanars eae aase ia Tae EC | | |
Slide 26: Return on Invested Capital (Non-GAAP)
Return on Invested Capital (won-caap) TTM Net Operoting Profit After Tox Face ake rect ‘Average Invested Copital - Average Cash Sinthousends January 31, 2013 January 34,2014 January 31, 2015 July 34, 2075 Non-GAAP Net Operating Proft After Tax (NOPAT) Non-GAAP Operating Income $310,250 $274,937 $307