Slide 1: 3rd Quarter Fiscal 2010 Earnings Conference Presentation
Supermicro © 2009 GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage 3rd Quarter Fiscal 2010 Earnin g s Conference Presentation April 27, 2010 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. 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: Q3'FY2010 Non-GAAP Financial Highlights
4 Q3’FY2010 Non-GAAP Financial Highlights (in millions, except per share data) Q3'10 YoY Sequential Revenue $189.3 72.8% 4.0% Profit after Tax $8.9 266.4% -3.2% EPS $0.21 250.0% -4.5% Change
Slide 5: Summary of Results
5 Summary of Results Even though the third quarter is seasonally softer, we achieved another record quarter for revenues, up 4.0% sequentially and 72.8% year over year Our twin and twin server lines as well as our storage and GPU business were strong We won more data center business this quarter, wh
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Slide 9: Leading Architecture – FY10
Leading Architecture – FY10 6 New Generation Twin 1U Twin / 2U Twin² with new generation CPU / Chipset Continue the momentum and leading position TwinBlade™ (Award-Winning) 20/28 DP nodes in 7U, support 40Gb/s Infiniband or 10G Ethernet connectivity New GPU product lines Scientific computation, imag
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Slide 13: 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 New generation 1U / 2U / 3U optimized rack mount product lines (Intel West
Slide 14: Revenue Comparables
8 Revenue Comparables $110 $123 $149 $182 $189 $0 $40 $80 $120 $160 $200 #039;s millions Q3'09 Q4'09 Q1'10 Q2'10 Q3'10 Supermicro Revenue Trend Y/Y -19.9% -17.1% 3.1% 41.5% 72.8% Seq. -14.8% 12.7% 20.3% 22.5% 4.0%
Slide 15: Revenue Analysis
9 Revenue Analysis $67 $43 $78 $45 $97 $51 $117 $65 $126 $63 $- $40 $80 $120 $160 #039;s millions Q3'09 Q4'09 Q1'10 Q2'10 Q3'10 Supermicro Subsystems/System Revenue Subsystems Systems
Slide 16: Non-GAAP Gross Margins
10 Non-GAAP Gross Margins 15.0% 16.7% 16.6% 16.7% 15.5% Q3'09 Q4'09 Q1'10 Q2'10 Q3'10
Slide 17: Non-GAAP Gross Profit
11 Non-GAAP Gross Profit $16.5 $20.6 $24.7 $30.5 $29.4 $- Q3'09 Q4'09 Q1'10 Q2'10 Q3'10 Gross Profit #039;s millions
Slide 18: Summary P&L non-GAAP
12 Summary P&L non-GAAP (in millions, except per share data) Q3'10 YoY Sequential Q3'09 Q2'10 Operating Expense $17.3 $2.7 $0.9 $14.6 $16.4 Operating Expense Ratio 9.1% -4.3% 0.1% 13.4% 9.0% Operating Income $12.1 $10.2 -$2.0 $1.8 $14.1 Net Income $8.9 $6.5 -$0.3 $2.4 $9.2 EPS $0.21 $0.15 -$0.01 $0.
Slide 19: Supermicro
SUPERMICR
Slide 20: Supermicro
SUPERMICR
Slide 21: Supplemental Financials
15 Supplemental Financials Third Quarter Fiscal 2010 Ended March 31, 2010
Slide 22: Non-GAAP Financial Summary
16 Non-GAAP Financial Summary (in millions, except per share data) Q3'10 Q2'10 Q3'09 Net Sales 189.3 $ 182.0 $ 109.5 $ Non-GAAP Gross Margin 15.5% 16.7% 15.0% Non-GAAP Operating Expenses 17.3 $ 16.4 $ 14.6 $ Non-GAAP Operating Income 12.1 $ 14.1 $ 1.8 $ Non-GAAP Net Income 8.9 $ 9.2 $ 2.4 $ Non-GAAP
Slide 23: Prior Period Net Income Comparisons
17 Prior Period Net Income Comparisons (in millions, except per share data) Q3'10 Q2'10 Q3'09 Net Income (GAAP) 7.7 $ 7.6 $ 1.2 $ FAS123R & Other Unusual Expense (tax affected) 1.2 $ 1.6 $ 1.2 $ Net Income (Non-GAAP) 8.9 $ 9.2 $ 2.4 $ Diluted Net Income per common share (GAAP) 0.18 $ 0.19 $ 0.03 $ F
Slide 24: Q3 FY 2010 GAAP to Non-GAAP Reconciliation
18 Q3 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q3'10 Q3'10 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 189.3 $ - $ 189.3 $ Cost of Sales 160.0 $ 0.1 $ 159.9 $ Gross Profit 29.3 $ 0.1 $ 29.4 $ Operating Expense 18.7 $ 1.4 $ 17.3 $ Opera
Slide 25: Q2 FY 2010 GAAP to Non-GAAP Reconciliation
19 Q2 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) 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 Income 12.4
Slide 26: Q1 FY 2010 GAAP to Non-GAAP Reconciliation
20 Q1 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q1'10 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 $ Opera
Slide 27: Q4 FY 2009 GAAP to Non-GAAP Reconciliation
21 Q4 FY 2009 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q4'09 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
Slide 28: Q3 FY 2009 GAAP to Non-GAAP Reconciliation
22 Q3 FY 2009 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q3'09 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 $