Slide 1: Earnings Conference Presentation August 5, 2009
Supermicro © 2009 Earnings Conference Presentation August 5, 2009 EXHIBIT 99.2
Slide 2: Safe Harbor Statement
Supermicro © 2009 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 th
Slide 3: Non-GAAP Financial Measures
Supermicro © 2009 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. Managem
Slide 4: Q4'FY2009 Non-GAAP Financial Highlights
Supermicro © 2009 4 Q4’FY2009 Non-GAAP Financial Highlights (in millions, except per share data) YoY Sequential Revenue $123.5 -17.1% 12.7% Profit after Tax $3.8 -53.2% 54.7% EPS $0.10 -52.4% 66.7% Change
Slide 5: Summary of Results
Supermicro © 2009 5 Summary of Results A challenging year due to the global economic downturn Q4 revenues rebounded from Q3, rising 12.7% 16th year of non-interrupted profitable operations Continue to gain market share throughout the year Our strong engineering enabled us to gain technology leadersh
Slide 6: Leading Architecture – FY10
Supermicro © 2009 Leading Architecture – FY10 TwinBlade 1U GPU 4U GPU 2U Twin² 1U Twin
Slide 7: Upcoming Products and Launches
Supermicro © 2009 7 Upcoming Products and Launches Twin Blade 20/28 DP nodes or 40/56 CPU in 7U Doubles the density of our SuperBlade Redundant 40G Infiniband or 10G Ethernet New Generation 4-way Systems Intel new Boxboro MP system in 1U Switch product line 24-port and 48-port models (Layer-3 switch
Slide 8: Revenue Comparables
Supermicro © 2009 8 Revenue Comparables $149 $144 $129 $110 $123 $0 $40 $80 $120 $160 #039;s millions Supermicro Revenue Trend Y/Y 34.2% 22.1% -6.1% -19.9% -17.1% Seq. 8.9% -3.2% -10.8% -14.8% 12.7%
Slide 9: Revenue Analysis
Supermicro © 2009 9 Revenue Analysis $91 $58 $88 $56 $76 $53 $67 $43 $78 $45 $- $40 $80 $120 $160 #039;s millions Supermicro Component/System Revenue Components Systems
Slide 10: Non-GAAP Gross Margins
Supermicro © 2009 10 Non-GAAP Gross Margins 19.2% 19.4% 18.9% 15.0% 16.7%
Slide 11: Non-GAAP Gross Profit
Supermicro © 2009 11 Non-GAAP Gross Profit $28.6 $28.0 $24.2 $16.5 $20.6 $- Gross Profit #039;s millions
Slide 12: Summary P&L non-GAAP
Supermicro © 2009 12 Summary P&L non-GAAP (in millions, except per share data) YoY Sequential Operating Expense $15.2 -$1.5 $0.6 $16.7 $14.6 Operating Expense Ratio 12.3% 1.1% -0.9% 11.2% 13.4% Operating Income $5.4 -$6.5 $3.6 $11.9 $1.8 Net Income $3.8 -$4.3 $1.3 $8.1 $2.4 EPS $0.10 -$0.11 $0.04 $0
Slide 13: Q4'09 YTD Summary Statement of Cash Flows
Supermicro © 2009 13 Q4’09 YTD Summary Statement of Cash Flows ($’s millions) 12 Months Ended 12 Months Ended 30-Jun-09 30-Jun-08 Net Income $16.1 $25.4 Depreciation and amortization $3.7 $2.7 Stock comp expense (FAS 123R) $5.7 $4.2 Other reserves $5.3 $9.8 Net change in AR, Inventory, AP -$13.5 -$2
Slide 14: SUPERMICR [aR
SUPERMICR [aR
Slide 15: Supplemental Financials
Supermicro © 2009 15 Supplemental Financials Fourth Quarter Fiscal 2009 Ended June 30, 2009
Slide 16: Non-GAAP Financial Summary
Supermicro © 2009 16 Non-GAAP Financial Summary (in millions, except per share data) Net Sales 123.5 $ 109.5 $ 148.9 $ Non-GAAP Gross Margin 16.7% 15.0% 19.2% Non-GAAP Operating Expenses 15.2 $ 14.6 $ 16.7 $ Non-GAAP Operating Income 5.4 $ 1.8 $ 11.9 $ Non-GAAP Net Income 3.8 $ 2.4 $ 8.1 $ Non-GAAP
Slide 17: Prior Period Net Income Comparisons
Supermicro © 2009 17 Prior Period Net Income Comparisons (in millions, except per share data) Net Income (GAAP) 2.4 $ 1.2 $ 6.8 $ FAS123R Expense (tax affected) 1.4 $ 1.2 $ 1.3 $ Net Income (Non-GAAP) 3.8 $ 2.4 $ 8.1 $ Diluted Net Income per share (GAAP) 0.06 $ 0.03 $ 0.18 $ FAS123R 0.04 $ 0.03 $ 0.
Slide 18: Q4 FY09 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 18 Q4 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q4'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 123.5 $ - $ 123.5 $ Cost of Sales 103.0 $ 0.2 $ 102.8 $ Gross Profit 20.5 $ 0.2 $ 20.6 $ Operating Expense 16.7 $ 1.5 $ 15.2 $ Operating In
Slide 19: Q3 FY09 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 19 Q3 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q3'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 109.5 $ - $ 109.5 $ Cost of Sales 93.2 $ 0.1 $ 93.1 $ Gross Profit 16.3 $ 0.1 $ 16.5 $ Operating Expense 15.9 $ 1.2 $ 14.6 $ Operating Inco
Slide 20: Q2 FY09 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 20 Q2 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q2'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 128.6 $ - $ 128.6 $ Cost of Sales 104.5 $ 0.1 $ 104.3 $ Gross Profit 24.1 $ 0.1 $ 24.2 $ Operating Expense 16.8 $ 1.2 $ 15.6 $ Operating In
Slide 21: Q1 FY09 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 21 Q1 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q1'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 144.1 $ - $ 144.1 $ Cost of Sales 116.2 $ 0.1 $ 116.1 $ Gross Profit 27.8 $ 0.1 $ 28.0 $ Operating Expense 16.0 $ 1.1 $ 14.9 $ Operating In
Slide 22: Q4 FY08 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 22 Q4 FY08 GAAP to Non-GAAP Reconciliation (in millions, except per share) Q4'08 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 148.9 $ - $ 148.9 $ Cost of Sales 120.4 $ 0.2 $ 120.3 $ Gross Profit 28.4 $ 0.2 $ 28.6 $ Operating Expense 17.8 $ 1.2 $ 16.7 $ Operating Income