Slide 1: 4th Quarter Fiscal 2010 Earnings Conference Presentation
Supermicro © 2009 GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage 4th Quarter Fiscal 2010 Earnings Conference Presentation August 3, 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 applicabl
Slide 4: Q4'FY2010 Non-GAAP Financial Highlights
4 Q4’FY2010 Non-GAAP Financial Highlights (in millions, except per share data) Q4'10 YoY Sequential Revenue $201.7 63.4% 6.5% Profit after Tax $9.1 140.7% 1.6% EPS $0.21 110.0% 0.0% Change
Slide 5: Summary of Results
5 Summary of Results Record high revenues in the 4 quarter and record high fiscal year revenues There is a strong trend of technology refresh underway and our product lines offer the best ROI from leading performance per watt, performance per dollar and performance per square foot We improved our te
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© ios
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Slide 9: Leading Products
Leading Products Twin Architecture 1U Twin, 2U Twin², 2U Twin (6x 3.5” HDD or 12x 2.5” HDD) Continue the momentum and design for new generations TwinBlade™ 20/28 DP nodes in 7U, support 40Gb/s Infiniband or 10G Ethernet connectivity Leverage Twin architecture GPU optimized product lines (1U, 3U, 4U)
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Slide 13: Leading Products
Leading Products New Generation 4-way / 8-way Systems Boxboro-EX MP (Nehalem-EX) and G34 MP system in 1U/4U Addressing HPC application needs as well as enterprise market Addressing (8-way) high-end high-margin solution (E.g. HA Database) Storage product line expansion Super SBB product line Higher d
Slide 14: Revenue Comparables
8 Revenue Comparables $123 $149 $182 $189 $202 $0 $40 $80 $120 $160 $200 $240 #039;s millions Q4'09 Q1'10 Q2'10 Q3'10 Q4'10 Supermicro Revenue Trend Y/Y -17.1% 3.1% 41.5% 72.8% 63.4% Seq. 12.7% 20.3% 22.5% 4.0% 6.5%
Slide 15: Revenue Analysis
9 Revenue Analysis $78 $45 $97 $51 $117 $65 $126 $63 $137 $65 $(30) $10 $50 $90 $130 $170 $210 #039;s millions Q4'09 Q1'10 Q2'10 Q3'10 Q4'10 Supermicro Subsystems/System Revenue Subsystems Systems
Slide 16: Non-GAAP Gross Margins
10 Non-GAAP Gross Margins 16.7% 16.6% 16.7% 15.5% 15.4% Q4'09 Q1'10 Q2'10 Q3'10 Q4'10
Slide 17: Non-GAAP Gross Profit
11 Non-GAAP Gross Profit $20.6 $24.7 $30.5 $29.4 $31.1 $- Q4'09 Q1'10 Q2'10 Q3'10 Q4'10 Gross Profit #039;s millions
Slide 18: Summary P&L non-GAAP
12 Summary P&L non-GAAP (in millions, except per share data) Q4'10 YoY Sequential Q4'09 Q3'10 Operating Expense $18.0 $2.8 $0.7 $15.2 $17.3 Operating Expense Ratio 8.9% -3.4% -0.2% 12.3% 9.1% Operating Income $13.1 $7.7 $1.0 $5.4 $12.1 Net Income $9.1 $5.3 $0.1 $3.8 $8.9 EPS $0.21 $0.11 $0.00 $0.10
Slide 19: Q4 FY2010 YTD Summary Statement of Cash Flows
13 Q4 FY2010 YTD Summary Statement of Cash Flows ($’s millions) 12 Months Ended 12 Months Ended 30-Jun-10 30-Jun-09 Net Income 26.9 $ 16.1 $ Depreciation and amortization 4.6 $ 3.7 $ Stock comp expense (FAS 123R) 6.5 $ 5.7 $ Other reserves 2.9 $ 5.0 $ Net change in AR, Inventory, AP (59.7) $ (13.5)
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Slide 21: Supplemental Financials
15 Supplemental Financials Fourth Quarter Fiscal 2010 Ended June 30, 2010
Slide 22: Non-GAAP Financial Summary
16 Non-GAAP Financial Summary (in millions, except per share data) Q4'10 Q3'10 Q4'09 Net Sales 201.7 $ 189.3 $ 123.5 $ Non-GAAP Gross Margin 15.4% 15.5% 16.7% Non-GAAP Operating Expenses 18.0 $ 17.3 $ 15.2 $ Non-GAAP Operating Income 13.1 $ 12.1 $ 5.4 $ Non-GAAP Net Income 9.1 $ 8.9 $ 3.8 $ Non-GAAP
Slide 23: Prior Period Net Income Comparisons
17 Prior Period Net Income Comparisons (in millions, except per share data) Q4'10 Q3'10 Q4'09 Net Income (GAAP) 7.7 $ 7.7 $ 2.4 $ FAS123R & Other Unusual Expense (tax affected) 1.4 $ 1.2 $ 1.4 $ Net Income (Non-GAAP) 9.1 $ 8.9 $ 3.8 $ Diluted Net Income per common share (GAAP) 0.18 $ 0.18 $ 0.06 $ F
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Slide 25: Q4 FY 2010 GAAP to Non-GAAP Reconciliation
18 Q4 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q4'10 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 $ Opera
Slide 26: Q3 FY 2010 GAAP to Non-GAAP Reconciliation
19 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 27: Q2 FY 2010 GAAP to Non-GAAP Reconciliation
20 Q2 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q2'10 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 $ Opera
Slide 28: Q1 FY 2010 GAAP to Non-GAAP Reconciliation
21 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 29: Q4 FY 2009 GAAP to Non-GAAP Reconciliation
22 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