Slide 1: Shareholder Outreach
Shareholder Outreach December 2023
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements Except for the historical information contained herein, certain matters in this presentation including, but not limited to, statements as to: our aim to engage manufacturing suppliers and goal of effecting supplier adoption of science-based environmental target
Slide 3: Summary
Summary • Financials • Board of Directors and Governance • Corporate Sustainability
Slide 4: GAAP P&L
GAAP P&L $ in millions, except EPS Revenue Gross Margin % Operating Income Diluted EPS +34% QoQ +390bps QoQ +53% QoQ +50% QoQ +206% YoY +2,040bps YoY +1,633% YoY +1,274% YoY $10,417 $18,120 74.0% $3.71 70.1% $13,507 $6,800 $2.48 53.6% $5,931 $601 $0.27 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24
Slide 5: Non-GAAP P&L
Non-GAAP P&L $ in millions, except EPS Revenue Gross Margin % Operating Income Diluted EPS +34% QoQ +380bps QoQ +49% QoQ +49% QoQ +206% YoY +1,890bps YoY +652% YoY +593% YoY $18,120 75.0% $4.02 $11,557 71.2% $13,507 $2.70 $7,776 56.1% $5,931 $1,536 $0.58 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY
Slide 6: NVIDIA's Board — Experienced and Skilled Leaders
NVIDIA’s Board — Experienced and Skilled Leaders Senior management, industry leaders, financial expertise, marketing, academia Jen-Hsun Huang John Dabiri Harvey Jones* Steve Neal Aarti Shah Co-Founder, CEO and Centennial Professor Managing Partner Lead Independent Former SVP and Chief President of A
Slide 7: Board Composition & Expertise
Board Composition & Expertise AGE GENDER ETHNIC/RACIAL TENURE 2 3 < 5 years 40-59 4 Ethnically/ 4 Women Racially 60-65 5-10 years diverse 8 8 4 Men 66+ NA > 10 years 10 2 10 Sr. Leadership Industry/ Fin./Fin. Governance & Emerging Tech. Mktg., Comms. Regulatory, Legal Human Capital Director Diversit
Slide 8: Corporate Sustainability
Corporate Sustainability Environmentally Conscious A Place For People To Do Their Life’s Work Management Time Magazine’s 100 Most Influential Companies Fast Company’s Best Workplaces for Innovators By FY26, aim to engage manufacturing suppliers Fortune’s World’s Most Admired Companies comprising at
Slide 9: We Welcome Your Feedback
We Welcome Your Feedback
Slide 10: Additional Topics
Additional Topics
Slide 11: Commitment to Sound Governance
Commitment to Sound Governance 93% of the Board Independent Lead 75%+ meeting Declassified Director stock is independent Director and attendance by Board ownership guidelines Board committees Board members — 6X cash retainer Directors Director At least annual board Annual risk Annual (including Jens
Slide 12: Commitment to Stockholder Views and Rights
Commitment to Stockholder Views and Rights Stockholders approved Board Stockholders did not approve We have a single class of declassification in 2011; removal from charter of 66 2/3% common stock outstanding, All directors elected by vote requirement for director no priority voting rights stockhold
Slide 13: Our Compensation Practices
Our Compensation Practices Founded on best practices and aligned with stockholders Focus on simplicity Equity is a significant portion of total compensation No multi-year guaranteed bonuses, income tax gross-ups, or change-in-control agreements Annual say-on-pay proposal Executives are subject to st
Slide 14: Our Compensation Practices
Our peer companies are companies that: • We compete with for executive talent; Have an established business, market presence and similar complexity • Are similar in size at roughly 0.5–3.5X our revenue and market capitalization Pay for performance • ~96% of CEO pay is provided through "at-risk" perf
Slide 15: DI&B Strategy & Goals
DI&B Strategy & Goals Attract & Hire Education & Learning Diversify our technical, entry-level Develop resources to increase hiring, and leadership roles manager and peer support for underrepresented employees ONE TEAM Employee Support Career Development Champion the growth of Community Resource Inc
Slide 16: Reconciliation of Non-GAAP to GAAP Financial Measures
Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 17: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) Acquisition- Stock-Based Related and Other Other Tax Impact of Non-GAAP Compensation GAAP Costs (C) Adjustments (B) (A) Q3 FY23 $3,329 (120) (32) — — $3,177 Gross margin ($ in million) 56.1% (2.0) (0.5) — — 53.6% Operating income $1,536
Slide 18: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) Acquisition-Related Stock-Based Tax Impact IP-Related Other Non-GAAP and Other Costs Compensation of GAAP Costs (C) (A) (B) Adjustments Q2 FY24 $9,614 (119) (31) (2) — — $9,462 Gross margin ($ in million) 71.2% (0.9) (0.2) — — — 70.1% Op
Slide 19: Reconciliation of Non-GAAP to GAAP Financial Measures
Reconciliation of Non-GAAP to GAAP Financial Measures Acquisition-Related Stock-Based Tax Impact IP-Related Other Non-GAAP and Other Costs Compensation of GAAP Costs (C) (A) (B) Adjustments Q3 FY24 $13,583 (119) (38) (26) — — $13,400 Gross margin ($ in million) 75.0% (0.7) (0.2) (0.1) — — 74.0% Oper
Slide 20: NVIDIA.
NVIDIA.