International Business Machines Corporation · NYSE:IBM

International Business Machines — Q4 2021 Earnings Presentation

8 slides from International Business Machines's earnings presentation, Jan 25, 2022

  1. Slide 1: IBM 4Q 2021 Earnings Non-GAAP Supplemental Materials

    IBM 4Q 2021 Earnings Non-GAAP Supplemental Materials January 24, 2022 ibm.com/investor ​ ​ ​ ​

  2. Slide 2: Reconciliation of Revenue Performance - 4Q 2021 by Segment

    Non-GAAP Supplemental Materials Reconciliation of Revenue Performance - 4Q 2021 4Q21 Yr/Yr 4Q21 Yr/Yr GAAP @CC GAAP @CC Software Hybrid Platform & Solutions Red Hat Automation Data & AI Security Transaction Processing Hybrid Cloud 8% 7% 19% 13% 1% (2%) 11% 22% 10% 9% 21% 15% 3% (1%) 14% 24% Consulti

  3. Slide 3: Reconciliation of Revenue Performance - 4Q 2021 Total and Geography

    Non-GAAP Supplemental Materials Reconciliation of Revenue Performance – 4Q 2021 4Q21 Yr/Yr GAAP @CC Total Revenue 6% 9% Americas Europe/ME/Africa Asia Pacific 7% 4% 11% 7% 7% 16% Total Hybrid Cloud 16% 18% The above reconciles the Non-GAAP financial information contained in the “Financial Highlights

  4. Slide 4: Expense Summary Non-GAAP Adjustments

    Non-GAAP Supplemental Materials Reconciliation of Expense Summary - 4Q 2021 4Q21 Non-GAAP Adjustments Operating (Non-GAAP) GAAP SG&A Currency Acquisitions/Divestitures Base* RD&E Currency Acquisitions/Divestitures Base* Operating Expense & Other Income Currency Acquisitions/Divestitures Base* 1 pts

  5. Slide 5: Continuing Operations Non-GAAP Reconciliation

    Non-GAAP Supplemental Materials Reconciliation of Continuing Operations - 4Q 2021 4Q21 Acquisition-Related Adjustments Retirement-Related Adjustments Kyndryl-Related Impact Tax Reform Impacts Operating (Non-GaaP) GAAP Gross Profit Gross Profit Margin SG&A Other (Income) & Expense Total Expense Pre-t

  6. Slide 6: IBM post-separation baseline Free Cash Flow - FY 2021

    Non-GAAP Supplemental Materials Reconciliation of IBM post-separation baseline Free Cash Flow – FY 2021 12 Months Ended Dec 2021 Consolidated Net Cash from Operations per GAAP $12.8 Less: change in Financing receivables $3.9 Capital Expenditures, net ($2.4) Consolidated Free Cash Flow $6.5 Less: Kyn

  7. Slide 7: Operating Pre-tax Income Margin - 2022 Expectations

    Non-GAAP Supplemental Materials Reconciliation of Operating Pre-tax Income Margin – 2022 Expectations Operating GAAP (Non-GAAP) Pre-tax Income Margin Yr/Yr Expectation B/(W) B/(W) 1Q 2022 Full Year 2022 4 to 5 pts ~5 pts 2 to 3 pts ~4 pts The above reconciles the Non-GAAP financial information conta

  8. Slide 8: ibm.com/investor

    ibm.com/investor ​

International Business Machines — Q4 2021 Earnings Presentation on 6ix