Tech Data — FY2013 Earnings Presentation
17 slides from Tech Data's earnings presentation, Feb 5, 2014
Slide 1: Financial Restatement Supplemental Schedules
Financial Restatement Supplemental Schedules February 5, 2014 he Difernce In Dewbuton
Slide 2: Non-GAAP Financial Information
ine information in this presentation is trees, in its entirety bef more detailed information set forth in the Company’s Ann op ort on Form 10-K for the fiscal year ontad January 31, 2013 (the “Annual Report’), filed with the U.S. Securities and February 5, 2014. Non- GAAP Financial Information hese
Slide 3: Five-Year Financial Summary (Excluding VAT Assessment)
Five-Year Financial Summary Income Statement (Excluding VAT Assessment) (Gin thousands, except pershare data) Year ended January 31, 2014 is reseed) (As rsttod® ¢ Net Sales $ 25358329 $ 25,647,313 $ 23,619,938 § 22,080,258 $ 24,076,787 Gross profit 1,303,054 4,377,441 1,278,253 4,163,704 1,164,795 N
Slide 4: Financial Summary - Income Statement Adjustments (Excluding VAT Assessment)
Five-Year Financial Summary - Income Statement Adjustments (Excluding VAT Assessment) Year ended January 31, %of 2013" Cumulative Previously Non-GAAP. 2012 zon 2019 2009 Adjustments Reported ands, except Total xe dat) Adjustments Adjustments Adjustments" Adjustments © Net Sales. 688) $ (840,811) $ (
Slide 5: Financial Summary - Income Statement (Including VAT Assessment)
Five-Year Financial Summary Income Statement (including VAT Assessment) Year ended January 31, 2011 Net Sales $ 25,358,329 $ 25,647,313 $ 23619938 $ 22,089,258 $ 24,076,787 Gross profit 1,303,054 4.377.441 1,278,253 1,463,704 1,164,795 Operating income 263,720 304,546 321,408 267,968 , Consolidated
Slide 6: Income Statement Adjustments (Including VAT Assessment)
Five-Year Financial Summary Income Statement Adjustments (including VAT Assessment) Year ended January 31) 2013 2012 2011 Sumit Adjustments Agjusinens © Agjusmens.® Adjustments) Ag & Aajusiments Net Sales $ (2,688) $ (840,811) § (756,035) $ (10618) $ (3697) $ (4,613,849) Gross profit (6548) (16,550)
Slide 7: Consolidated Statement of Income
Consolidated Statement of Income Year ended January 31, 2012 (Sin thousands, e pershare dat let Sales Cost of products sold Gross profit ome ect and administrative expense subsidiari Loss on dis : 294 VAT Assessment : Operating income 304,544 Interest Expense 3137 Other expense, net 858 Income befor
Slide 8: Consolidated Statement of Income Adjustments
Consolidated Statement of Income Adjustments Year ended January 31, 2 Net Sales Cost of products sold Gross profit Selling, general and administrative expense idiaries Loss on disposal of subsi As: VAT Assessment 29,462 - Operating income (39,508) (12,577) Interest Expense 11,585 - Other expense, ne
Slide 9: Quarterly Income Statement Adjustments Fiscal Year 2013 (Excluding VAT)
6 Quarterly Income Statement Adjustments Fiscal Year 2013 (Excluding VAT Assessment) Year ended January 2013 Year ended January 2013") ish rousardsrencent 34, ‘Adjustments to Quarter ended) 31, Net sales $ 25,361,017 § 14502 $6919 $ (6,081) $ (21,028 $ 25,358,328 Gross profit 1,309,602 3,191 1,349 (
Slide 10: Quarterly Income Statement Adjustments Fiscal Year 2013 (Including VAT)
Quarterly Income Statement Adjustments Fiscal Year 2013 (including VAT Assessment) (Gin thousands, per share Year ended Year endec January 31, 2013 sean to Quarter ended January 31, 2013 30-ApI Oct 1/31/2014" 'As previously reported”) Net sales $ 25,361,017 $ 14,502 $ 6919 $ 081) $ (21,028) $ 25,358
Slide 11: Quarterly Income Statement Adjustments Fiscal Year 2012
Quarterly Income Statement Adjustments Fiscal Year 2012 ‘ear ended Year ended Le 31, 2012 Adjustments to Quarter ended") January 31, 2012 As proviousy reported 81-Jul 31-Oct s Net sales $ 26,488,124 $ (178,095) $ (235,157) $ (189,398) $ (238,161) $ 25,647,313 Gross profit 1,393,991 3,853 (4,753) (6,
Slide 12: Summary Balance Sheet
Five-Year Summary Balance Sheet vanuary 31, 2044 (Gin thousands) Working capital $ 1,700,485 $ 1720864 $ 1,899,124 $ 2252713 $ 1,873,107 Totalassets $ 6,830,960 § 5,796,268 § 6524639 $ 5,748,103 $ 4634078 Revolving credit loans and current Serer crane orn uescre $ 167522 $ 48,490 $ 434,495 $$ «© 708
Slide 13: Summary Balance Sheet Adjustments
Five-Year Summary Balance Sheet Adjustments (Gin thousands) January 31, ‘Working capital $ (74,438) $ (18,759) $ (2,987) $ 2283 $ (18,790) Total assets $ 24707 $ 10850 $ 112,556 $ 51,650 $ 18,694 Revolving credit loans and current . . . maturities of long-term debt, net o Sie) 8 5 S AR6 8 Long-term
Slide 14: GAAP to Non-GAAP Reconciliation - Operating Income Fiscal Year 2013
GAAP to Non-GAAP Reconciliation Operating Income — Fiscal Year 2013 Year ended January 31, 2013, (Sinthousands) tock Compensation Expense Europe"? Net Sales $ 9,823,515 $ 15534814 © § E GAAP operating income $ 150055 $ 127,281 «$~—(13,616) siti intangil 17,074 Value-added tax assessment 29,462 Total
Slide 15: GAAP to Non-GAAP Reconciliation - Operating Income Fiscal Year 2012
GAAP to Non-GAAP Reconciliation Operating Income — Fiscal Year 2012 Year ended January 31, 2012 ‘As Restated”) Stock Compensation (6 inthousands) Expense consolidate Net Sales $ 10,405,428 § 15,241,885 $ 25,607,313 GAAP operating income $ 173,978 $ 142,562 $ (11,994) $ 304,546 13,905, 13,905, Loss o
Slide 16: GAAP to Non-GAAP Reconciliation - Operating Income Fiscal Year 2011
GAAP to Non-GAAP Reconciliation Operating Income — Fiscal Year 2011 As Restated”) ‘Year ended January 31) 2011) Stock Compensation Expense Consolidated Net Sales $ 10,096,732 $ 13,523,206 $ 23,619,938 GAAP operating income $ 178043 $ 153,718 «= $ ~—(10,353) $= 321,408 siti nati 6,798 6,798 Total non
Slide 17: GAAP to Non-GAAP Reconciliation - Operating Income, Net Income & EPS
GAAP to Non-GAAP Reconciliation Operating Income, Net Income & Earnings Per Share 2012 2014 (As restated) ”) (As restated) Net Sree Operating Operating Net Operating * Income incon fluted Income income’ i Income incoine! GAAP results $263,720 $176,255 $4.50 $304,546 © $190,750 $4.30 $221,408 $208,37