Slide 1: 2nd Quarter Fiscal 2011 Earnings Conference Presentation
2nd Quarter Fiscal 2011 Earnings Conference Presentation January 25, 2011 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 costs and the related tax effect of the applicab
Slide 4: Q2'FY2011 Non-GAAP Financial Highlights
4 Q2’FY2011 Non-GAAP Financial Highlights (in millions, except per share data) YoY Sequential Revenue $240.8 32.3% 16.2% Profit after Tax $13.3 44.4% 43.9% EPS $0.31 40.9% 40.9% Change
Slide 5: Summary of Results
5 Summary of Results Another record for revenue with $241 million and 32% higher than last year Our margins improved again and are moving in the right direction Our Supermicro Brand is gaining market share We saw continued strong growth in Blades and GPU products Our systems revenue increased to 41%
Slide 6: Leading Products
Leading Products Twin Architecture New - 2U Twin³ (8 nodes in 2U) 1U Twin, 2U Twin², 2U Twin (6x 3.5” HDD or 12x 2.5” HDD) SuperBlade™ - TwinBlade™ and GPU Blade DP nodes in 7U, support 40Gb/s Infiniband or 10G Ethernet connectivity GPU in blade, leverage Twin architecture GPU optimized product line
Slide 7: Leading Products
Leading Products New Generation 8-way/4-way Systems Addressing (8-way) high-end high-margin solution Boxboro-EX MP (Nehalem-EX) and G34 MP system in 1U/4U Addressing HPC application needs as well as enterprise market Storage product line expansion Super SBB product line Higher density storage subsys
Slide 8: Revenue Comparables
8 Revenue Comparables $182 $189 $202 $207 $241 $0 $40 $80 $120 $160 $200 $240 $280 #039;s millions Supermicro Revenue Trend Y/Y 41.5% 72.8% 63.4% 39.5% 32.3% Seq. 22.5% 4.0% 6.5% 2.7% 16.2%
Slide 9: Revenue Analysis
9 Revenue Analysis $117 $65 $126 $63 $137 $65 $133 $74 $143 $98 $- $50 $100 $150 $200 $250 #039;s millions Supermicro Subsystems/System Revenue Subsystems Systems
Slide 10: Non-GAAP Gross Margins
10 Non-GAAP Gross Margins 16.7% 15.5% 15.4% 16.0% 16.8% 14.0% 17.0%
Slide 11: Non-GAAP Gross Profit
11 Non-GAAP Gross Profit $30.5 $29.4 $31.1 $33.2 $40.4 $- $10.0 $20.0 $30.0 $40.0 $50.0 Gross Profit #039;s millions
Slide 12: Summary P&L non-GAAP
12 Summary P&L non-GAAP (in millions, except per share data) YoY Sequential Operating Expense $21.6 $5.2 $2.9 $16.4 $18.7 Operating Expense Ratio 9.0% 0.0% 0.0% 9.0% 9.0% Operating Income $18.8 $4.7 $4.2 $14.1 $14.6 Net Income $13.3 $4.1 $4.1 $9.2 $9.3 EPS $0.31 $0.09 $0.09 $0.22 $0.22 Diluted Share
Slide 13: SUPERMICR
SUPERMICR
Slide 14: SUPERMICR
SUPERMICR
Slide 15: Supplemental Financials
15 Supplemental Financials Second Quarter Fiscal 2011 Ended December 31, 2010
Slide 16: Non-GAAP Financial Summary
16 Non-GAAP Financial Summary (in millions, except per share data) Net Sales 240.8 $ 207.2 $ 182.0 $ Non-GAAP Gross Margin 16.8% 16.0% 16.7% Non-GAAP Operating Expenses 21.6 $ 18.7 $ 16.4 $ Non-GAAP Operating Income 18.8 $ 14.6 $ 14.1 $ Non-GAAP Net Income 13.3 $ 9.3 $ 9.2 $ Non-GAAP Net Income per
Slide 17: Prior Period Net Income Comparisons
17 Prior Period Net Income Comparisons (in millions, except per share data) Net Income (GAAP) 11.6 $ 7.2 $ 7.6 $ FAS123R & Other Unusual Expense (tax affected) 1.8 $ 2.1 $ 1.6 $ Net Income (Non-GAAP) 13.3 $ 9.3 $ 9.2 $ Diluted Net Income per common share (GAAP) 0.27 $ 0.17 $ 0.19 $ FAS123R & Other U
Slide 18: Q2 FY 2011 GAAP to Non-GAAP Reconciliation
18 Q2 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q2'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 240.8 $ - $ 240.8 $ Cost of Sales 200.6 $ 0.2 $ 200.5 $ Gross Profit 40.2 $ 0.2 $ 40.4 $ Operating Expense 23.3 $ 1.7 $ 21.6 $ Operating I
Slide 19: Q1 FY 2011 GAAP to Non-GAAP Reconciliation
19 Q1 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q1'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 207.2 $ - $ 207.2 $ Cost of Sales 174.1 $ 0.2 $ 173.9 $ Gross Profit 33.0 $ 0.2 $ 33.2 $ Operating Expense 21.0 $ 2.4 $ 18.7 $ Operating I
Slide 20: Q4 FY 2010 GAAP to Non-GAAP Reconciliation
20 Q4 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q4'10 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 201.7 $ - $ 201.7 $ Cost of Sales 170.8 $ 0.2 $ 170.6 $ Gross Profit 30.9 $ 0.2 $ 31.1 $ Operating Expense 19.5 $ 1.5 $ 18.0 $ Operating I
Slide 21: Q3 FY 2010 GAAP to Non-GAAP Reconciliation
21 Q3 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & 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 $ Operating I
Slide 22: Q2 FY 2010 GAAP to Non-GAAP Reconciliation
22 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