Slide 1: Q2 2024 Financial Results Conference Call Slides
Q2 2024 Financial Results Conference Call Slides
Slide 2: Forward-looking statements disclaimer
This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, among others, fluctuations in foreign exchange rates, changes in global economic conditions and customer demand
Slide 3: Net Sales
Net Sales MM $260,000 Net Sales (MM) Up 10% Y/Y; Up 11% F/X Adjusted (1) $26,281 18% $147,977 $134,383 $31,663 $130,000 $90,033 21% 61% North America International AWS $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 (1) Information throughout this presentation regarding the effect of foreign exchange rat
Slide 4: Net Sales – TTM
Net Sales – TTM (1) MM $900,000 Net Sales - TTM (MM) Up 12% Y/Y $98,581 16% $604,334 $538,046 $135,978 $450,000 23% $369,775 61% North America International AWS $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 (1) Trailing twelve-month period. 4
Slide 5: Operating Income
Operating Income MM $25,000 Up 91% Y/Y $14,672 $12,500 $7,681 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 5
Slide 6: Operating Income – TTM
Operating Income – TTM MM $80,000 Up 207% Y/Y; Up 205% F/X Adjusted $54,376 $40,000 $17,717 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 6
Slide 7: Net Income
Net Income (1) MM $20,000 Up 100% Y/Y $13,485 $10,000 $6,750 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 (1) Q2 2024 net income includes a pre-tax valuation gain of $0.4 billion included in non-operating income (expense) from the common stock investment in Rivian Automotive, Inc., compared to a pre-t
Slide 8: Net Income – TTM
Net Income – TTM (1) MM $70,000 Up 240% Y/Y $44,419 $35,000 $13,072 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 (1) TTM Q2 2024 net income includes a pre-tax valuation loss of $0.5 billion included in non-operating income (expense) from the common stock investment in Rivian Automotive, Inc., compared
Slide 9: Segment Results – North America
Segment Results – North America MM Net Sales MM Operating Income $160,000 $10,000 [Down 58%] Y/Y; Up 9% Y/Y Up 58% Y/Y [Down 58%] F/X Adjusted $90,033 $82,546 $5,065 $80,000 $5,000 $3,211 $0 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 TTM Net Sales $369.8B; TTM
Slide 10: Segment Results – International
Segment Results – International MM Net Sales MM Operating Income (Loss) $60,000 $2,000 Up 7% Y/Y; Up 10% F/X Adjusted $273 $31,663 $29,697 $30,000 $0 $(895) $0 $-2,000 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 TTM Net Sales $136.0B; TTM Operating Income $0.7B 10
Slide 11: Segment Results – AWS
Segment Results – AWS MM Net Sales MM Operating Income $40,000 $16,000 Up 74% Y/Y; Up 19% Y/Y Up 72% F/X Adjusted $26,281 $9,334 $22,140 $20,000 $8,000 $5,365 $0 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 TTM Net Sales $98.6B; TTM Operating Income $32.9B 11
Slide 12: Free Cash Flow – TTM
Free Cash Flow – TTM (1) MM $80,000 Up 101% Y/Y Up 572% Y/Y (2) $52,973 $40,000 $7,878 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales and
Slide 13: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations – TTM
Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations – TTM (1) (2) MM $80,000 [Up N/A] Y/Y (2) $49,575 $40,000 $1,929 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow less principal repayments of finance leases an
Slide 14: Free Cash Flow Less Equipment Finance Leases and Other Repayments – TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations – TTM (1) MM $80,000 Down 50% Y/Y(3) Up 664% Y/Y (2) $51,448 $40,000 $6,734 $0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Long-Term Goal – Optimize Free Cash Flows (1) Free cash f
Slide 15: Shares
Shares MM 16,000 10,794 10,871 481 381 8,000 10,313 10,490 0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Common Shares Outstanding Stock-Based Awards Outstanding Long-Term Goal – Efficiently Managing Dilution 15
Slide 16: Appendix
amazon Appendix
Slide 17: Free Cash Flow Reconciliation – TTM
Free Cash Flow Reconciliation – TTM MM Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Operating Cash Flow $61,841 $71,654 $84,946 $99,147 $107,952 Purchases of property and equipment, net of proceeds from (53,963) (50,220) (48,133) (48,998) (54,979) sales and incentives Free Cash Flow $7,878 $21,434 $36,81
Slide 18: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM
Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM MM Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Operating Cash Flow $61,841 $71,654 $84,946 $99,147 $107,952 Purchases of property and equipment, net of proceeds from (53,963) (50,220) (48,133) (48,9
Slide 19: Free Cash Flow Less Equipment Finance Leases and Other Repayments Reconciliation – TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations Reconciliation – TTM MM Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Operating Cash Flow $61,841 $71,654 $84,946 $99,147 $107,952 Purchases of property and equipment, net of proceed