Ingram Micro Holding Corporation · NYSE:INGM
Ingram Micro — Q1 2025 Earnings Presentation
22 slides from Ingram Micro's earnings presentation, May 8, 2025
Slide 1: Ingram Micro Q1 2025 Earnings Supplement
Ingram Micro Q1 2025 Earnings Supplement Becoming a Platform Business Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission.
Slide 2: Important Notice
Important N oti ce This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You can identify forward-l
Slide 3: Ingram Micro blends humanity with the most modern, transformative technology
Ingram Micro blends humanity with the most modern, transformative For decades, we've united partners, technology available to help technology and customers globally, becoming the trusted partner for tens of organizations solve their toughest thousands of companies. challenges.
Slide 4: Q1 2025 highlights
Q1 2025 hi ghl ights • Net revenue up 11% year-over-year on an FX neutral basis driven by growth across geographies • Strength in Client and Endpoint Solutions and solid growth in Advanced Solutions and Cloud businesses • Continued strong working capital management - Paid first quarterly dividend an
Slide 5: We have the scale, expertise and innovation
We have the scale, expertise and innovation We’re industry We’re Diversity is We make leaders. global. in our DNA. moves. Ships 950M+ $48 billion 161K+ 40+ units/year 2024 Net sales Customers Acquisitions worth ~$2B since 2012 Ability to serve nearly Operations in 90% 57 1,500+ 50M+ of the global co
Slide 6: Snapshot – Q1 2025
S napshot – Q1 2025 $12.3B $829M $0.61 (2) Net Sales Gross Profit Non-GAAP Diluted EPS (1) +10.8% y/y +2.3% vs. guidance mid point +$0.05 vs. guidance mid point +5.6% vs. guidance mid point $144M (2) $291M (2) $229M Non-GAAP Net Income Adjusted EBITDA Adjusted Income from (2) +6.6% y/y +0.1% y/y Ope
Slide 7: AI-powered digital experience platform: Ingram Micro Xvantage
A I-pow ered di gi tal experi ence pl atform: Ingram Mi cro X vantage Automated, intelligent platform One platform to manage cloud, resolving B2B friction. hardware, software and services. 45+ YEARS O F BIG DAT A AI/ML Self-serve B2C experience Flexible, automated One-click B2B order Quotes seamless
Slide 8: Xvantage by the numbers (Q1 2025)
X vantage by the numbers (Q1 2025) 12 Million +3X Thousands Searches for hardware, Self-serve orders more of dormant customers software, cloud, and services than tripled reactivated through for end-customer solutions year-over-year platform
Slide 9: Xvantage is being validated across the ecosystem
X vantage i s bei ng val i dated across the ecosystem Ingram Micro won three 2025 iF “Ingram Micro’s Xvantage platform “XI is modern, intuitive, and Design Awards in the User and new Xvantage Integrations Hub incredibly easy to navigate. We Experience category for our demonstrate the balance require
Slide 10: Revenue diversified by geography and line of business
R evenue di versi fi ed by geography and l i ne of busi ness Net Sales By Geography Net Sales By Line of Business Inner Circle: 2024 Q1 Inner Circle: 2024 Q1 Outer circle: 2025 Q1 Outer circle: 2025 Q1 10 Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's
Slide 11: Consistent execution
C onsi stent executi on Net Sales ($ BN) Gross Profit ($ BN) Adjusted EBITDA ($ BN) (1) % YoY Change (FxN adjusted below) % Gross Margin % Adjusted EBITDA Margin 8.3% 7.37% 6.75% 2.56% 2.37% 10.8% $12.3 $11.3 $0.8 $0.8 $0.3 $0.3 2024Q1 2025Q1 2024Q1 2025Q1 2024Q1 2025Q1 2024Q1 2025Q1 2024Q1 2025Q1 2
Slide 12: Adjusted Free Cash Flow
A dj usted F ree C ash F l ow (USD Millions) Q1 2025 Q1 2024 Actuals Actuals Net Income $ 69 $ 50 Depreciation and amortization $ 48 $ 46 Other non-cash items and changes to $ (138) $ (52) non-working capital assets/liabilities Changes in working capital $ (179) $ (144) Cash used in operating activi
Slide 13: Strong balance sheet and liquidity
S trong bal ance sheet and l i quidity Repaid $125M of Debt in Q1 2025 and $1.69 Billion since beginning of 2022 $3.5 BN 2.6x 2.0x of available liquidity under Total Debt / Q1 2025 TTM Net Debt / Q1 2025 TTM Revolving Credit Facility Adjusted EBITDA Adjusted EBITDA Reduction from 2.3x in Q1 2024 13
Slide 14: Q2 2025 guidance
Q2 2025 gui dance Q2 2025 Guidance Ranges (USD Millions, except EPS) Low High Midpoint Net Revenue 11,765 12,165 11,965 YoY Growth 1.9% 5.4% 3.7% Gross Profit 800 850 825 Non-GAAP Diluted EPS $ 0.53 $ 0.63 $ 0.58 14 Proprietary information of Ingram Micro — Do not distribute or duplicate without Ing
Slide 15: Appendix
Appendix Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission.
Slide 16: GAAP to Non-GAAP Reconciliations
GA A P to N on -GA A P R econci liati ons Adjusted Income from Operations Thirteen Weeks Thirteen Weeks Ended March 29, Ended March 30, ($ in thousands) 2025 2024 Income from operations $ 200,864 $ 170,121 Amortization of intangibles 21,430 21,790 Restructuring costs 1,933 22,665 Integration and tra
Slide 17: GAAP to Non-GAAP Reconciliations
GA A P to N on -GA A P R econci liati ons Adjusted EBITDA Thirteen Weeks Thirteen Weeks Ended March 29, Ended March 30, ($ in thousands) 2025 2024 Net income $ 69,189 $ 49,552 Interest income (13,818) (10,311) Interest expense 74,889 84,612 Provision for income taxes 31,214 27,129 Depreciation and a
Slide 18: GAAP to Non-GAAP Reconciliations
GA A P to N on -GA A P R econci liati ons ROIC Thirteen Weeks Thirteen Weeks Ended March 29, Ended March 30, ($ in thousands) 2025 2024 Net income $ 69,189 $ 49,552 Stockholders' equity 3,862,703 3,471,771 Long-term debt 3,031,637 3,583,572 Short-term debt and current maturities of long-term debt 45
Slide 19: GAAP to Non-GAAP Reconciliations
GA A P to N on -GA A P R econci liati ons Adjusted ROIC Thirteen Weeks Ended March 29, Thirteen Weeks Ended March 30, ($ in thousands) 2025 2024 Net income $ 69,189 $ 49,552 Pre-tax adjustments: Other expense 100,461 93,440 Amortization of intangibles 21,430 21,790 Restructuring costs 1,933 22,665 I
Slide 20: GAAP to Non-GAAP Reconciliations
GA A P to N on -GA A P R econci liati ons Non-GAAP Net Income Thirteen Weeks Thirteen Weeks Ended March 29, Ended March 30, ($ in thousands) 2025 2024 Net income $ 69,189 49,552 Pre-tax adjustments: Amortization of intangibles 21,430 21,790 Restructuring costs 1,933 22,665 Net foreign currency excha
Slide 21: GAAP to Non-GAAP Reconciliations
GA A P to N on -GA A P R econci liati ons Adjusted Free Cash Flow Thirteen Weeks Thirteen Weeks Ended March 29, Ended March 30, ($ in thousands) 2025 2024 Net Income $ 69,189 $ 49,552 Depreciation and amortization 48,031 46,263 Other non-cash items and changes to non-working capital assets/liabiliti
Slide 22: GAAP to Non-GAAP Reconciliations
GA A P to N on -GA A P R econci liati ons Basic and Diluted EPS Thirteen Weeks Thirteen Weeks Ended March 29, Ended March 30, 2025 2024 Basic and Diluted EPS - GAAP (a) $ 0.29 $ 0.22 Amortization of intangibles 0.09 0.10 Restructuring costs 0.01 0.10 Net foreign currency exchange loss 0.10 0.06 Inte