Slide 1: Second Quarter Fiscal 2012 Earnings Conference Presentation
© Supermicro 2012 Second Quarter Fiscal 2012 Earnings Conference Presentation January 24, 2012 Exhibit 99.2
Slide 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 expected financial and operat
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP gross margin in this presentation excludes stock-based compensation expense and accrued customs fee for prior periods. Non-GAAP net income and net income per share in this presentation exclude stock-based compensation expense, accrued customs fee for prior period
Slide 4: Q2'FY2012 Non-GAAP Financial Highlights
Q2’FY2012 Non-GAAP Financial Highlights (in millions, except per share data) Q2'12 YoY Sequential Revenue $249.9 3.8% 0.8% Profit after Tax $11.2 -16.3% 6.5% EPS $0.25 -19.4% 4.2% Change
Slide 5: Summary of Results
Summary of Results Revenues 0.8% higher year over year, and impacted by the HDD shortage OEM and Direct business was 44.2% of total revenues and Internet Data Center was 9.7% of total revenues System business was 44.0% of total revenues Revenues by Geography: US – 56.7% Europe – 23.0% Asia – 18% Oth
Slide 6: Leading Application Optimized Solutions
Leading Application Optimized Solutions X9 Romley Solutions in Sampling and early deployment H8 Interlagos Solutions in Volume Twin Architecture 2U Twin (6x 3.5” HDD or 12x 2.5” HDD per node) Fat Twin Architecture coming soon (418, 424, 442, 414) SuperBlade™ - GPU Blade and TwinBlade™ GPU blade (20G
Slide 7: HPC/Enterprise 8-way/4-way Systems
HPC/Enterprise 8-way/4-way Systems 8-way 5U high-end high-margin solution – cores and 2TB Nehalem-EX MP and G34 MP system in 1U/2U/4U Storage Product Lines Double-Sided, Growing SBB product line with software solutions SuperRack™ Double side access, cable management, water cooling Hadoop mini-rack s
Slide 8: Revenue Trend
Revenue Trend Y/Y 32.3% 23.8% 29.1% 19.6% 3.8% Seq. 16.2% -2.7% 11.1% -4.8% 0.8% $0 $40 $80 $120 $160 $200 $240 $280 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 $241 $234 $260 $248 $250 #039;s millions Supermicro Revenue Trend
Slide 9: Revenue Analysis
Revenue Analysis $50 $100 $150 $200 $250 $300 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 $143 $160 $155 $150 $140 $98 $74 $105 $98 $110 #039;s millions Supermicro Subsystems/System Revenue Subsystems Systems
Slide 10: Non-GAAP Gross Margins
Non-GAAP Gross Margins 14.0% 17.0% Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 16.8% 16.2% 15.5% 16.1% 17.1%
Slide 11: Non-GAAP Gross Profit
Non-GAAP Gross Profit $40.4 $38.1 $40.5 $39.8 $42.8 $- $10.0 $20.0 $30.0 $40.0 $50.0 Gross Profit #039;s millions Q2'11 Q3'11 Q4'11 Q1'12 Q2'12
Slide 12: Summary P&L non-GAAP
Summary P&L non-GAAP (in millions, except per share data) Q2'12 YoY Sequential Q2'11 Q1'12 Operating Expense $26.6 $5.0 $2.6 $21.6 $24.0 Operating Expense Ratio 10.6% 1.6% 0.9% 9.0% 9.7% Operating Income $16.2 -$2.5 $0.4 $18.8 $15.8 Net Income $11.2 -$2.2 $0.7 $13.3 $10.5 EPS $0.25 -$0.06 $0.01 $0.3
Slide 13: Q2 FY2012 YTD Summary Statement of Cash Flows
Q2 FY2012 YTD Summary Statement of Cash Flows ($’s millions) 6 Months Ended 6 Months Ended 31-Dec-11 31-Dec-10 Net Income $17.3 $18.8 Depreciation and amortization $3.1 $2.6 Stock comp expense $4.8 $3.7 Other reserves $6.8 $6.0 Net change in AR, Inventory, AP -$2.1 -$12.7 Other prepaids and liabilit
Slide 14: SUPERMICR® ‘©opynghts2012
SUPERMICR® ‘©opynghts2012
Slide 15: Slide 15
Slide 16: Supplemental Financials
Supplemental Financials Second Quarter Fiscal 2012 Ended December 31, 2011
Slide 17: Non-GAAP Financial Summary
Non-GAAP Financial Summary (in millions, except per share data) Q2'12 Q1'12 Q2'11 Net Sales 249.9 $ 247.9 $ 240.8 $ Non-GAAP Gross Margin 17.1% 16.1% 16.8% Non-GAAP Operating Expenses 26.6 $ 24.0 $ 21.6 $ Non-GAAP Operating Income 16.2 $ 15.8 $ 18.8 $ Non-GAAP Net Income 11.2 $ 10.5 $ 13.3 $ Non-GAA
Slide 18: Prior Period Net Income Comparisons
Prior Period Net Income Comparisons (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q2'12 Q1'12 Q2'11 Net Income (GAAP) 8.8 $ 8.5 $ 11.6 $ Stock Comp & Other Unusual Expense (tax affected)* 2.4 $ 2.0 $ 1.8 $ Net Income (Non-GAAP)* 11.2 $ 10.5
Slide 19: Quarterly Net Income (Loss)
Quarterly Net Income (Loss) GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q2'12 Q1'12 Q4'11 Q3'11 Q2'11 Net income (GAAP) 8.8 $ 8.5 $ 10.7 $ 10.7 $ 11.6 $ Adjustments: Stock-based compensation expense 2.5 2.3 2.3 2.1 1.8 Accrued customs fee 0.8 Income tax effects of adjustment