Slide 1: Fourth Quarter Fiscal 2012 Earnings Conference Presentation
© Supermicro 2012 Fourth Quarter Fiscal 2012 Earnings Conference Presentation August 7, 2012 Exhibit 99.2
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 and accrued customs fee for prior periods. Non-GAAP net income and net income per share in this presentation exclude stock-based compensation expense, accrued customs fee for prior peri
Slide 4: Q4 FY2012 Non-GAAP Financial Highlights
4 Q4’FY2012 Non-GAAP Financial Highlights (in millions, except per share data) Q4'12 YoY Sequential Revenue $275.9 6.0% 14.9% Profit after Tax $8.1 -37.5% -7.9% EPS $0.18 -37.9% -5.3% Change
Slide 5: Summary of Results
5 Summary of Results Revenues were 6% higher year over year OEM and Direct business was 46.6% of total revenues and Internet Data Center was 15.2% of total revenues System business was 44.6% of total revenues Revenues by Geography: US – 57.4% Europe – 22.4% Asia – 17.5% Other – 2.7%
Slide 6: The FatTwin
The FatTwin™ FatTwin Solutions: ► 4U, rack mount chassis, EIA STD 19” rack support ► Two choice of enclosure: 30” and 35” depth ► 8/4 Hot-plug system nodes access from front side ► Patented Twin architecture, double compute density ► Xeon 130W w/ 47 ºC and 135W w/ 35 ºC support ► Best PUE ~1.1 and F
Slide 7: Leading Application Optimized Solutions
Leading Application Optimized Solutions Twin Architecture New FatTwin™ Architecture: 8/4 nodes in 4U, 8 3.5” HDDs in 1U, Front I/O, PUE Optimized X9 Sandy Bridge Update - 16 DIMMs per DP node Twin square PUE Optimized Architecture High Temperature Operation (0-47 degree Celsius) Reduces
Slide 8: Leading Application Optimized Solutions (continued)
Enterprise 8-way/4-way Systems 8-way 5U high-end high-margin solution – 80 cores and 2TB Intel/AMD MP systems in 1U/2U/4U UP Solutions Volume products. X9 Ivy Bridge products Storage Product Lines Optimized storage configurations available Double-Sided, Growing SBB product line with
Slide 9: Revenue Trend
9 Revenue Trend $0 $40 $80 $120 $160 $200 $240 $280 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 $260 $248 $250 $240 $276 #039;s millions Supermicro Revenue Trend Y/Y 29.1% 19.6% 3.8% 2.5% 6.0% Seq. 11.1% -4.8% 0.8% -3.9% 14.9%
Slide 10: Revenue Analysis
10 Revenue Analysis Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 $155 $150 $140 $124 $153 $105 $98 $110 $116 $123 #039;s millions Supermicro Subsystems/System Revenue Subsystems Systems
Slide 11: Non-GAAP Gross Margins
11 Non-GAAP Gross Margins 14.0% 17.0% Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 15.5% 16.1% 17.1% 17.0% 15.5%
Slide 12: Non-GAAP Gross Profit
12 Non-GAAP Gross Profit $- $10.0 $20.0 $30.0 $40.0 $50.0 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 $40.5 $39.8 $42.8 $40.9 $42.6 Gross Profit #039;s millions
Slide 13: Summary P&L non-GAAP
13 Summary P&L non-GAAP (in millions, except per share data) Q4'12 YoY Sequential Q4'11 Q3'12 Operating Expense $30.6 $7.9 $1.9 $22.7 $28.7 Operating Expense Ratio 11.1% 2.4% -0.8% 8.7% 11.9% Operating Income $12.0 -$5.7 -$0.2 $17.7 $12.2 Net Income $8.1 -$4.9 -$0.7 $13.0 $8.8 EPS $0.18 -$0.11 -$0.0
Slide 14: Q4 FY2012 YTD Summary Statement of Cash Flows
14 Q4 FY2012 YTD Summary Statement of Cash Flows ($’s millions) 12 Months Ended 12 Months Ended 30-Jun-12 30-Jun-11 Net Income $29.9 $40.2 Depreciation and amortization $7.1 $5.5 Stock comp expense $10.3 $8.1 Other reserves $10.6 $9.6 Net change in AR, Inventory, AP -$55.4 -$62.7 Other prepaids and
Slide 15: Q4 FY2012 Summary of Balance Sheet Metrics
151 515 151 5 Q4 FY 2012 Summary of Balance Sheet Metrics ($’s millions) Q4'12 Q3'12 Change Cash Equivalents & Investments 83.8$ 92.2$ (8.4)$ Accounts Receivable 102.0$ 101.0$ 1.0$ Inventory 276.6$ 228.9$ 47.7$ Accounts Payable 174.0$ 142.2$ 31.8$ DSO 34 35 -1 DIO 100 97 3 DPO 62 60 2 Cash Cycle Day
Slide 16: Supplemental Financials
16 Supplemental Financials Fourth Quarter Fiscal 2012 Ended June 30, 2012
Slide 17: Non-GAAP Financial Summary
17 Non-GAAP Financial Summary (in millions, except per share data) Q4'12 Q3'12 Q4'11 Net Sales 275.9$ 240.2$ 260.3$ Non-GAAP Gross Margin 15.5% 17.0% 15.5% Non-GAAP Operating Expenses 30.6$ 28.7$ 22.7$ Non-GAAP Operating Income 12.0$ 12.2$ 17.7$ Non-GAAP Net Income 8.1$ 8.8$ 13.0$ Non-GAAP Net Incom
Slide 18: Prior Period Net Income Comparisons
18 Prior Period Net Income Comparisons (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q4'12 Q3'12 Q4'11 Net Income (GAAP) 5.5$ 7.1$ 10.7$ Stock Comp & Other Unusual Expense (tax affected)* 2.6$ 1.7$ 2.3$ Net Income (Non-GAAP)* 8.1$ 8.8$ 13.0$
Slide 19: Quarterly Net Income GAAP to Non-GAAP Reconciliation
19 Quarterly Net Income (Loss) GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q4'12 Q3'12 Q2'12 Q1'12 Q4'11 Net income (GAAP) 5.5$ 7.1$ 8.8$ 8.5$ 10.7$ Adjustments: Stock-based compensation expense 2.8 2.6 2.5 2.3 2.3 Accrued customs fee 0.0 0.0 0.0 0.0 0.8 Income tax effects o