Slide 1: Q2 2021 Financial Results Conference Call Slides
Q2 2021 Financial Results Conference Call Slides
Slide 2: Forward-looking statements
This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results could differ materially for a variety of reasons, including fluctuations in foreign exchange rates, changes in global economic conditions and customer spending, world events, the rate o
Slide 3: Free Cash Flow -- TTM
MM Free Cash Flow -- TTM (1) (2) $60,000 Down 62% Y/Y (3) Up 101% Y/Y $31,852 $30,000 $12,146 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sal
Slide 4: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations -- TTM
Free Cash Flow Less Principal Repayments of Finance Leases MM and Financing Obligations -- TTM (1) $40,000 Down 97% Y/Y (2) $21,292 $20,000 $595 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow less principal repayments of finance leases and fin
Slide 5: Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases -- TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations -- TTM (1) MM $40,000 Down Down 78%50% Y/Y (2)Y/Y(3) $20,000 $19,429 $4,185 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Long-Term Goal – Optimize Free Cash Flows (1) Free cash f
Slide 6: Shares
Shares MM 700 517 522 16 16 350 501 506 0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Common Shares Outstanding Stock-Based Awards Outstanding Efficiently Managing Dilution 6
Slide 7: Net Sales
MM Net Sales $200,000 $113,080 $100,000 $88,912 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Up 27% Y/Y, Up 24% F/X Adjusted (1) (1) Information regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our net sales and operating income is provided to show reported period operating r
Slide 8: Net Sales – TTM
Net Sales – TTM MM $800,000 Net Sales - TTM (MM) Up 38% Y/Y; Up 36% F/X Adjusted $52,655 12% $443,298 $124,008 $400,000 28% $266,635 $321,782 60% North America International AWS $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 8
Slide 9: Operating Income
Operating Income MM $14,000 Up 32% Y/Y $7,702 $7,000 $5,843 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 9
Slide 10: Operating Income – TTM
Operating Income – TTM MM $50,000 Up 76% Y/Y; Up 73% F/X Adjusted $29,634 $25,000 $16,868 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 10
Slide 11: Net Income
Net Income MM $14,000 Up 48% Y/Y $7,778 $7,000 $5,243 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 11
Slide 12: Net Income – TTM
Net Income – TTM MM $50,000 Up 123% Y/Y $29,438 $25,000 $13,180 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 12
Slide 13: Segment Results – North America
Segment Results – North America MM Net Sales MM Operating Income $130,000 $6,000 Up 22% Y/Y; Up 47% Y/Y; Up 21% F/X Adjusted Up 45% F/X Adjusted $67,550 $3,147 $65,000 $3,000 $55,436 $2,141 $0 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 TTM Net Sales $266.6B 13
Slide 14: Segment Results – International
Segment Results – International MM Net Sales MM Operating Income $70,000 $3,000 Up 36% Y/Y; Up 5% Y/Y; Up 26% F/X Adjusted Down 53% F/X Adjusted $35,000 $1,500 $30,721 $22,668 $345 $362 $0 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 TTM Net Sales $124.0B 14
Slide 15: Segment Results – AWS
Segment Results – AWS MM Net Sales MM Operating Income $25,000 $8,000 Up 37% Y/Y Up 25% Y/Y; Up 32% F/X Adjusted $14,809 $4,193 $12,500 $10,808 $4,000 $3,357 $0 $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 TTM Net Sales $52.7B 15
Slide 16: Appendix
amazon A Appendix
Slide 17: Free Cash Flow Reconciliation – TTM
Free Cash Flow Reconciliation – TTM Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 MM Operating Cash Flow $51,220 $55,292 $66,064 $67,213 $59,322 Purchases of property and equipment, net of proceeds from sales and incentives (19,368) (25,791) (35,044) (40,803) (47,176) Free Cash Flow $31,852 $29,501 $31,02
Slide 18: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM
Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 MM Operating Cash Flow $51,220 $55,292 $66,064 $67,213 $59,322 Purchases of property and equipment, net of proceeds from sales and incentives (19,368) (25
Slide 19: Free Cash Flow Less Equipment Finance Leases and Principal Repayments Reconciliation – TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations Reconciliation – TTM MM Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Operating Cash Flow $51,220 $55,292 $66,064 $67,213 $59,322 Purchases of property and equipment, net of proceeds