Slide 1: Fiscal Q2 2022 Results
FISCAL Q2 2022 RESULTS February 1st, 2022 Better Faster Greener™ © 2022 Supermicro
Slide 2: Disclosures
DISCLOSURES Cautionary Statement Regarding Forward Looking Statements Statements contained in this presentation that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such
Slide 3: CEO Takeaways
CEO TAKEAWAYS Record Revenue • Q2 FY22 revenue: $1.17B, 41% YoY and 14% QoQ growth • Supermicro’s leading-edge solutions rapidly being adopted by major global customers • Sustained strong momentum in major verticals: Enterprise, AI/ML, OEM Appliance/Datacenter, 5G/Edge/IOT Executing on Our Strategy
Slide 4: Transforming to Total IT Solution
TRANSFORMING TO TOTAL IT SOLUTION Current Annual Revenue Runrate ▪ 5S: Software, SMCI 3.0 Total IT Services, Switch Solutions SMCI 2.0 and two more “S” SMCI 1.0 Servers & Storage Systems ▪ Total Solutions Components & Subsystems Enterprise, OEM/ Appliance, Cloud ▪ Complete Systems ▪ Sub-systems and
Slide 5: SMCI vs. Industry Growth
SMCI VS. INDUSTRY GROWTH Accelerating Growth with a Strong Foundation 160 140 5S 120 New Business 100 Automation 80 Auto- % 60 Industry Avg* Supermicro configurator 40 Total IT Solutions 20 0 2018 2019 2020 2021 2022 Optimized Complete -20 Global Systems 10K Delay Impact COVID19 Impact Shortage -40
Slide 6: Coming Soon: New Architectures & Technologies
COMING SOON: NEW ARCHITECTURES & TECHNOLOGIES GrandTwin Universal GPU Superset??? Enterprise, Cloud AI/ML, Omniverse, Autonomous TBA SuperEdge 5S’s New Business Models & Tools 5G/Edge, Telco Software, Service, Switch & More… B2B/B2C, Auto-configurator & More 2/1/2022 6 Better Faster Greener™ © 2022
Slide 7: Campus Expansions
CAMPUS EXPANSIONS • Increase global manufacturing capacity to match growth trend • Manage and lower costs with optimal operations arrangement • Taiwan Building 62 complete and 500+ employees moved in: 2X-3X our APAC capacity in FY22 • Populate US Building 23 (Command Center, B2B/C, and Cloud Service
Slide 8: Revenue
REVENUE • Q2FY22 revenue of $1,172M • At the high-end of guidance: $1,100M to $1,200M • +41% YoY, +14% QoQ 1,172 • Large engagements with new and existing global customers 1,069 1,033 896 Revenue Mix By Geography 830 3% 24% Million $ 55% 18% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 USA Europe Asia Other 8
Slide 9: Revenue Mix
REVENUE MIX Systems & Complete IT Solutions Vertical Markets 5% 4% 3% 6% 12% 18% 16% 23% 23% 22% 31% 34% 24% 31% 24% 82% 84% 77% 77% 78% 70% 64% 65% 63% 64% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Server Systems 5G,Telco & Edge/IOT Subsystems & Accessories OEM Appliance
Slide 10: Non-GAAP Gross Margin
NON-GAAP GROSS MARGIN 16.4% 13.8% 13.7% 14.0% 13.4% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 • +60bps QoQ, -240bps YoY due to discrete cost recovery event and lower freight cost in Q2FY21 • QoQ better product/customer mix offset by higher freight and supply chain costs A reconciliation of GAAP to non-GAAP
Slide 11: Non-GAAP EPS
NON-GAAP EPS $0.88 $0.81 Guidance: $0.70 to $0.90 $0.63 $0.58 $0.50 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 • Q2FY22 Non-GAAP EPS of $0.88; at high end of guidance range • Higher revenues and gross margins driven by new global customers and design wins A reconciliation of GAAP to non-GAAP measures can be
Slide 12: Cash Flow and Net Cash
CASH FLOW AND NET CASH Cash Flow From Operations 270 Net Cash 63 64 Million $ Million $ 134 93 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 -53 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 -9 -124 -69 -135 • Q2 Cash Flow from Operations -$53M • Q2 Free Cash Flow -$65M • Q2 ending Net Cash and Cash Equivalents -$69M • I
Slide 13: Revenue & EPS Outlook
REVENUE & EPS OUTLOOK REVENUE EPS Q3 FY2022* $1.1B to $1.2B NON-GAAP: $0.70 to $0.90 GAAP: $0.58 to $0.81 Full Year FY2022** $4.2B to $4.6B NON-GAAP: at least $3.20 GAAP: at least $2.77 *The outlook for Q3 of fiscal year 2022 GAAP diluted net income per common share includes approximately $8.5 milli
Slide 14: Appendix
APPENDIX 14 Better Faster Greener™ © 2022 Supermicro
Slide 15: Q2 FY2022 Highlights
Q2 FY2022 HIGHLIGHTS Q2 QoQ YoY Revenue $1,172M +14% +41% Gross Margin (non-GAAP) 14.0% +60bps -240bps Earnings Per Share (non-GAAP) $0.88 +$0.30 +$0.25 Cash Flow from Operations -$53M +$82M -$116M Mix Systems $986M (84%) +16% +53% Subsystems & Accessories $186M (16%) +2% -1% A reconciliation of GAA
Slide 16: GAAP to Non-GAAP Reconciliation (1 of 2)
GAAP TO NON-GAAP RECONCILIATION (1 OF 2) 16 Better Faster Greener™ © 2022 Supermicro
Slide 17: GAAP to Non-GAAP Reconciliation (2 of 2)
GAAP TO NON-GAAP RECONCILIATION (2 OF 2) 17 Better Faster Greener™ © 2022 Supermicro
Slide 18: Thank You
Thank You www.supermicro.com