Ingram Micro Holding Corporation · NYSE:INGM
Ingram Micro — Q4 2024 Earnings Presentation
23 slides from Ingram Micro's earnings presentation, Mar 4, 2025
Slide 1: Ingram Micro Q4 2024 Earnings Supplement
Ingram Micro Q4 2024 Earnings Supplement Becoming a Platform Business
Slide 2: Important Notice
Important Notice This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You can identify forward-loo
Slide 3: Ingram Micro Differentiators
Ingram Micro Differentiators Investing Ahead of the Global Reach Single Platform Profitable Growth Curve Ability to reach nearly Solutions portfolio, Seamless global Strong balance sheet 90% of the global expert talent, and digital experience and a track record population of growth Solutions and ser
Slide 4: Q4 and FY 2024 Financial Highlights
Q4 and FY 2024 Financial Highlights Q4 2024 • Net Sales of $13.3 billion, up 3.3% on a FX neutral basis • Gross Profit of $0.94 billion, or 7.01% of net sales, with mix more geared toward Client and Endpoint Solutions, large customers, and Asia Pacific Region (1) • Non-GAAP Diluted Earnings Per Shar
Slide 5: Snapshot – Q4 2024
Snapshot – Q4 2024 $13.3B $936M $0.92 Net Sales Gross Profit Non-GAAP Diluted EPS(2) (1) +3.3% y/y +1 cent vs. guidance mid point $213M $418M (2) $337M (2) Non-GAAP Net Income Adjusted EBITDA Adjusted Free Cash Flow (2) +$324M y/y (1) Net Sales Growth is on a FX neutral basis (2) Refer to Appendix f
Slide 6: Snapshot – FY 2024
Snapshot – FY 2024 $48.0B 7.18% $483M Net Sales Gross Margin Term Loan Paydown (1) +0.3% y/y $41.8M Interest Expense reduction y/y $443M $628M $1.3B Adjusted Free Cash Flow (2) Non-GAAP Net Income (2) Adjusted EBITDA(2) +$423M y/y (1) Net Sales Growth is on a FX neutral basis (2) Refer to Appendix f
Slide 7: Global Presence with Diversified Net Sales - 2024
Global Presence with Diversified Net Sales - 2024 Net Sales By Geography Net Sales By Line of Business Inner Circle: 2023 Inner Circle: 2023 Outer circle: 2024 1% 1% Outer circle: 2024 7% 8% 36% 35% 27% 1% 1% 24% 38% 37% 61% 63% 30% 30% North America EMEA Asia Pacific Latin America Client & Endpoint
Slide 8: Ingram Micro is Evolving Ahead of the Market and Solving Complexity
Ingram Micro is Evolving Ahead of the Market and Solving Complexity 45 Years of Growth and Innovation to Become a Full Solutions Provider Advanced Solutions Professional Services Cyber Security Reverse Logistics Cloud Marketplace Cash Flow Solutions White Label Cloud Solutions Training Services Mana
Slide 9: AI-Powered Digital Experience Platform Unique Business Drivers
AI-Powered Digital Experience Platform Unique Business Drivers Redefining the Value of Distribution Vendor Experience Associate Experience Optimized Pricing Engine Configure to Order/Quote to Order Full Subscriptions/Billing Automation Personalization/Marketing Engine Insights and Recommendations 18
Slide 10: 2024 Strategic Priorities
2024 Strategic Priorities Expand High Margin, Drive Operational Be a Leader Complex Solutions Excellence In Digital ■ Grow ARR Business ■ Continued Targeted ■ Ingram Micro ■ Grow Advanced Investments in Xvantage Platform Solutions Automation, Supply ■ Cloud Growth Chain Solutions, and Strategies ■ B
Slide 11: Product, Service, and Solutions Mix Drives Gross Margin
Product, Service, and Solutions Mix Drives Gross Margin % Net Sales Gross Working Capital Automation / (Current) Margin Days Labor Mix Client and Endpoint Low-to-Mid Low-medium Labor / ~Low-60% ~24 days Solutions Single Digits Automation mix Mid Single Digits to Low Advanced Solutions ~35% Double Di
Slide 12: Focus on Quality of Net Sales
Focus on Quality of Net Sales Net Sales ($ BN) Gross Profit ($ BN) Adjusted EBITDA ($ BN) (1) % YoY Change (FxN adjusted below) % Gross Margin % Adjusted EBITDA Margin 2.5% -0.1% 7.52% 7.01% 7.38% 7.18% 3.34% 3.13% 2.82% 2.75% 3.3% 0.3% $1.4 $1.3 $48.0 $48.0 $3.5 $3.4 $0.4 $0.4 $13.0 $13.3 $1.0 $0.9
Slide 13: Adjusted Free Cash Flow Generation
Adjusted Free Cash Flow Generation (USD Millions) Q4 2023 Q4 2024 FY 2023 FY 2024 Actual Actual Actual Actual Net Income $ 137 $ 83 $ 353 $ 264 Depreciation and Amortization $ 45 $ 48 $ 184 $ 189 Other non-cash items and changes to $ 88 $ 240 $ (178) $ 56 non-working capital assets/liabilities Chang
Slide 14: Strong Balance Sheet and Liquidity
Strong Balance Sheet and Liquidity Repaid $483 Million of Debt in 2024 and $1.56 Billion since beginning of 2022 $3.5 BN 2.5x 1.8x of available liquidity under Total Debt / FY 2024 Net Debt / FY 2024 Revolving Credit Facility Adjusted EBITDA Adjusted EBITDA
Slide 15: Q1 2025 Guidance
Q1 2025 Guidance (USD Millions, except EPS) Q1 2025 Guidance Ranges Low High Midpoint Net Revenue 11,425.0 11,825.0 11,625.0 YoY Growth 0.8% 4.3% 2.6% Gross Profit 785.0 835.0 810.0 Non-GAAP Diluted EPS $ 0.51 $ 0.61 $ 0.56
Slide 16: Key Investment Highlights
Key Investment Highlights 01 Investing in the Future Adding Valuable Resources and Capabilities 02 Global Technical Solution Expertise at Scale to Solve Complexities 03 Broad Portfolio of Solutions Address Tech Lifecycle and Circular Economy 04 Significant Cloud and Digital Investments, Positioned f
Slide 17: Appendix
Appendix IngramMicro.com
Slide 18: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted Income from Operations & ROIC Thirteen Weeks Thirteen Weeks Fiscal Year Fiscal Year Ended Ended Ended Ended December 28, December 30, December 28, December 30, ($ in thousands) 2024 2023 2024 2023 Income from operations $ 248,500 $ 330,935 $ 817,923 $ 944,34
Slide 19: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted EBITDA Thirteen Weeks Thirteen Weeks Fiscal Year Fiscal Year Ended Ended Ended Ended December 28, December 30, December 28, December 30, 2024 2023 2024 2023 ($ in thousands) Net income $ 83,116 $ 136,524 $ 264,222 $ 352,712 Interest income (13,179) (9,817) (
Slide 20: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted ROIC Thirteen Weeks Ended Thirteen Weeks Ended Fiscal Year Ended Fiscal Year Ended December 28, December 30, December 28, December 30, ($ in thousands) 2024 2023 2024 2023 Net income $ 83,116 $ 136,524 $ 264,222 $ 352,712 Pre-tax adjustments: Other expense 8
Slide 21: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Non-GAAP Net Income Thirteen Weeks Thirteen Weeks Fiscal Year Fiscal Year Ended Ended Ended Ended December 28, December 30, December 28, December 30, ($ in thousands) 2024 2023 2024 2023 Net income $ 83,116 136,524 $ 264,222 352,712 Pre-tax adjustments: Amortization
Slide 22: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted Free Cash Flow Thirteen Weeks Thirteen Weeks Fiscal Year Fiscal Year Ended Ended Ended Ended December 28, December 30, December 28, December 30, ($ in thousands) 2024 2023 2024 2023 Net Income $ 83,116 $ 136,524 $ 264,222 $ 352,712 Depreciation and amortizat
Slide 23: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Basic and Diluted EPS Thirteen Thirteen Fiscal Year Fiscal Year Weeks Ended Weeks Ended Ended Ended December 28, December 30, December 28, December 30, 2024 2023 2024 2023 Basic and Diluted EPS - GAAP (a) $ 0.36 $ 0.61 $ 1.18 $ 1.59 Amortization of intangibles 0.09 0