Slide 1: Second Quarter Fiscal 2010 Earnings Conference Presentation
GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage nd Quarter Fiscal 2010 Earnings Conference Presentation January 26, 2010 Exhibit 99.2 GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage Supermicro ©
Slide 2: Safe Harbor Statement
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, to our expec
Slide 3: Non-GAAP Financial Measures
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, a provision for litigation loss and the related tax effect of the applicable
Slide 4: Q2'FY2010 Non-GAAP Financial Highlights
4 Q2’FY2010 Non-GAAP Financial Highlights (in millions, except per share data) YoY Sequential Revenue $182.0 41.5% 22.5% Profit after Tax $9.2 37.2% 58.4% Diluted EPS $0.22 29.4% 46.7% Change
Slide 5: Summary of Results
5 Summary of Results Our second quarter was a record quarter for revenues for Supermicro, up 41.5% from a year ago We grew in all product categories, especially in Nehalem based products, storage, GPU’s and Blades and we grew in all geographies Based on our strongest product line ever and our increa
Slide 6: Leading Architecture – FY10
Leading Architecture – FY10 6 New Twin New GPUs TwinBlade™ New ATOM server New Generation Twin 1U Twin / 2U Twin² with new generation CPU / Chipset Continue the momentum and leading position TwinBlade™ DP nodes in 7U, support 40Gb/s Infiniband or 10G Ethernet connectivity New GPU product lines Scien
Slide 7: Leading Architecture – FY10
Leading Architecture – FY10 7 New generation 4-way / 8-way Systems Intel new Boxboro-EX MP system in 1U/4U/5U Addressing HPC application needs as well as enterprise market Storage product line expansion Super SBB product line Higher density storage subsystems: Double-Sided New generation 1U / 2U / 3
Slide 8: Revenue Comparables
8 Revenue Comparables $129 $110 $123 $149 $182 $0 $40 $80 $120 $160 $200 #039;s millions Supermicro Revenue Trend Y/Y -6.1% -19.9% -17.1% 3.1% 41.5% Seq. -10.8% -14.8% 12.7% 20.3% 22.5%
Slide 9: Revenue Analysis
9 Revenue Analysis $76 $53 $67 $43 $78 $45 $97 $51 $117 $65 $- $40 $80 $120 $160 #039;s millions Supermicro Subsystem/System Revenue Subsystems Systems s
Slide 10: Non-GAAP Gross Margins
10 Non-GAAP Gross Margins 18.9% 15.0% 16.7% 16.6% 16.7%
Slide 11: Non-GAAP Gross Profit
11 Non-GAAP Gross Profit $24.2 $16.5 $20.6 $24.7 $30.5 $- Gross Profit #039;s millions
Slide 12: Summary P&L non-GAAP
12 Summary P&L non-GAAP (in millions, except per share data) non-GAAP YoY Sequential Operating Expense $16.4 $0.8 $0.8 $15.6 $15.6 Operating Expense Ratio 9.0% -3.2% -1.5% 12.2% 10.5% Operating Income $14.1 $5.5 $5.0 $8.6 $9.1 Net Income $9.2 $2.5 $3.4 $6.7 $5.8 EPS $0.22 $0.05 $0.07 $0.17 $0.15 Dil
Slide 13: SUPERMICR
SUPERMICR
Slide 14: SUPERMICR
SUPERMICR
Slide 15: Supplemental Financials
15 Supplemental Financials Second Quarter Fiscal 2010 Ended December 31, 2009
Slide 16: Non-GAAP Financial Summary
16 Non-GAAP Financial Summary (in millions, except per share data) Net Sales 182.0 $ 148.5 $ 128.6 $ Non-GAAP Gross Margin 16.7% 16.6% 18.9% Non-GAAP Operating Expenses 16.4 $ 15.6 $ 15.6 $ Non-GAAP Operating Income 14.1 $ 9.1 $ 8.6 $ Non-GAAP Net Income 9.2 $ 5.8 $ 6.7 $ Non-GAAP Net Income per com
Slide 17: Prior Period Net Income Comparisons
17 Prior Period Net Income Comparisons (in millions, except per share data) Net Income (GAAP) 7.6 $ 3.9 $ 5.3 $ FAS123R & Other Unusual Expense (tax affected) 1.6 $ 1.9 $ 1.3 $ Net Income (Non-GAAP) 9.2 $ 5.8 $ 6.7 $ Diluted Net Income per common share (GAAP) 0.19 $ 0.10 $ 0.14 $ FAS123R 0.03 $ 0.05
Slide 18: Q2 FY 2010 GAAP to Non-GAAP Reconciliation
18 Q2 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q2'10 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 182.0 $ - $ 182.0 $ Cost of Sales 151.7 $ 0.2 $ 151.5 $ Gross Profit 30.3 $ 0.2 $ 30.5 $ Operating Expense 17.9 $ 1.5 $ 16.4 $ Operating I
Slide 19: Q1 FY 2010 GAAP to Non-GAAP Reconciliation
19 Q1 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q1'10 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 148.5 $ - $ 148.5 $ Cost of Sales 124.0 $ 0.1 $ 123.9 $ Gross Profit 24.5 $ 0.1 $ 24.7 $ Operating Expense 18.0 $ 2.5 $ 15.6 $ Operating I
Slide 20: Q4 FY 2009 GAAP to Non-GAAP Reconciliation
20 Q4 FY 2009 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 Income 3.7 $ 1.7
Slide 21: Q3 FY 2009 GAAP to Non-GAAP Reconciliation
21 Q3 FY 2009 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 Income 0.4 $ 1.3 $
Slide 22: Q2 FY 2009 GAAP to Non-GAAP Reconciliation
22 Q2 FY 2009 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 Income 7.3 $ 1.3