Slide 1: Third Quarter Fiscal 2013 Earnings Conference Presentation
© Supermicro 2013 Confidential Third Quarter Fiscal 2013 Earnings Conference Presentation April 23, 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: Q3'FY2013 Non-GAAP Financial Highlights
Confidential 4 Q3’FY2013 Non-GAAP Financial Highlights (in millions, except per share data) Q3'13 YoY Sequential Revenue $278.0 15.8% -4.6% Profit after Tax $10.0 13.8% 28.1% EPS $0.23 21.1% 27.8% Change
Slide 5: Summary of Results
Confidential 5 Summary of Results Revenues were 15.8% higher year over year OEM and Direct business was 41.2% of total revenues and Internet Data Center was 10.8% of total revenues System business was 41.8% of total revenues Revenues by Geography: US – 56.6% Europe – 22.0% Asia – 19.0%
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: Complete System Solution
Confidential Complete System Solution FatTwin™ Architecture Datacenter Optimized Rackmount High Performance Switching L2 1G Switch 10G Switch Thermal Engineering High Efficiency Power Battery Backup Datacenter Management Software Solutions High Capacity Storage Blade Solutions 7
Slide 8: Revenue Trend
Confidential 8 Revenue Trend Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 $240 $276 $271 $291 $278 #039;s millions Supermicro Revenue Trend Y/Y 2.5% 6.0% 9.2% 16.6% 15.8% Seq. -3 9 14 9 -1 9 7 7 -4 6
Slide 9: Revenue Analysis
Confidential 9 Revenue Analysis Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 $124 $153 $164 $165 $162 $116 $123 $107 $126 $116 #039;s millions Supermicro Subsystems/System Revenue Subsystems Systems
Slide 10: Non-GAAP Gross Margins
Confidential 10 Non-GAAP Gross Margins Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 17.0% 15.5% 13.0% 13.8% 14.1%
Slide 11: Non-GAAP Gross Profit
Confidential 11 Non-GAAP Gross Profit $- $10.0 $20.0 $30.0 $40.0 $50.0 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 $40.9 $42.6 $35.3 $40.3 $39.1 Gross Profit #039;s millions
Slide 12: Summary P&L non-GAAP
Confidential 12 Summary P&L non-GAAP (in millions, except per share data) Q3'13 YoY Sequential Q3'12 Q2'13 Operating Expense $30.8 $2.1 $1.0 $28.7 $29.8 Operati g Expense Ratio 11.1% -0.8% 0.9% 11.9% 10.2% Operating Income $8.3 -$3.9 -$2.2 $12.2 $10.5 Net Income $10.0 $1.2 $2.2 $8.8 $7.8 EPS $0.23 $
Slide 13: Q3 FY2013 YTD Summary Statement of Cash Flows
Confidential 13 Q3 FY2013 YTD Summary Statement of Cash Flows ($’s millions) 9 Months Ended 9 Months Ended 31-Mar-13 31-Mar-12 Net Income $12.9 $24.3 Depreciation and amortization $5.9 $5.1 Stock comp expense $8.7 $7.4 Other reserves $2.2 $7.5 Net change in AR, Inventory, AP -$20.1 -$34.3 Other prep
Slide 14: Q3 FY2013 Summary of Balance Sheet Metrics
Confidential Q3 FY 2013 Summary of Balance Sheet Metrics ($’s millions) 14 Q3'13 Q2'13 Change Cash Equivalents & Investments 96.7$ 91.1$ 5.6$ Accounts Receivable 122.3$ 118.9$ 3.4$ Inventory 257.3$ 243.6$ 13.7$ Accounts Payable 163.6$ 149.4$ 14.2$ DSO 39 37 2 DIO 94 93 1 DPO 59 53 6 Cash Cycle Days
Slide 15: Supplemental Financials
Confidential 15 Supplemental Financials Third Quarter Fiscal 2013 Ended March 31, 2013
Slide 16: Non-GAAP Financial Summary
Confidential 16 Non-GAAP Financial Summary (in millions, except per share data) Q3'13 Q2'13 Q3'12 Net Sales 278.0$ 291.5$ 240.2$ Non-GAAP Gross Margin 14.1% 13.8% 17.0% Non-GAAP Operating Expenses 30.8$ 29.8$ 28.7$ Non-GAAP Operating Income 8.3$ 10.5$ 12.2$ Non-GAAP Net Income 10.0$ 7.8$ 8.8$ Non-GA
Slide 17: Prior Period Net Income Comparisons
Confidential 17 Prior Period Net Income Comparisons (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q3'13 Q2'13 Q3'12 Net Income (GAAP) 7.0$ 4.9$ 7.1$ Stock Comp & Other Unusual Expense (tax affected)* 3.0$ 2.9$ 1.7$ Net Income (Non-GAAP)* 10.
Slide 18: Quarterly Net Income (Loss) GAAP to Non-GAAP Reconciliation
Confidential 18 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. Q3'13 Q2'13 Q1'13 Q4'12 Q3'12 Net income (GAAP) 7.0$ 4.9$ 0.9$ 5.5$ 7.1$ Adjustments: Stock-based compensation expense