Slide 1: 4th Quarter Fiscal 2011 Earnings Conference Presentation
GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage 4th Quarter Fiscal 2011 Earnings Conference Presentation August 2, 2011 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 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 peri
Slide 4: Q4'FY2011 Non-GAAP Financial Highlights
4 Q4’FY2011 Non-GAAP Financial Highlights (in millions, except per share data) Q4'11 YoY Sequential Revenue $260.3 29.1% 11.1% Profit after Tax $13.0 43.1% 5.9% EPS $0.29 38.1% 4.0% Change
Slide 5: Summary of Results
5 Summary of Results Revenue was $260 million and 29% higher than last year Project based systems revenues were up again to 40% with sales to OEM and direct customers reaching 49% Internet datacenter sales were 16% of revenue Storage, Blades and GPU revenue were up sequentially and grew significantl
Slide 6: Supermicro
SUPERMICR
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Slide 9: Leading Application Optimized Solutions
Leading Application Optimized Solutions Sandy Bridge / Romley Solutions in Sample Twin Architecture 2U Twin (6x 3.5” HDD or 12x 2.5” HDD per node) 1U Twin, 2U Twin², 2U Twin³ (8 nodes in 2U) Fat Twin Architecture coming soon (418, 424, 442, 414) SuperBlade™ - GPU Blade and TwinBlade™ GPU blade (20GP
Slide 10: Leading Application Optimized Solutions
Leading Application Optimized Solutions Front Back Super-SBB Double-Sided Storage 1U / 4-way 5U / 8-way SuperRack MicroCloud High Efficiency Power 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 Lin
Slide 11: Revenue Trend
8 Revenue Trend Y/Y 63.4% 39.5% 32.3% 23.8% 29.1% Seq. 6.5% 2.7% 16.2% -2.7% 11.1% $’s millions
Slide 12: Supermicro Subsystems/System Revenue
Supermicro Subsystems/System Revenue #039;s millions ast anit e241 a3tt att
Slide 13: Supermicro 2011
yermicra 2011 17.0% 14.0% aa't0 arnt 211 341 ast SUPERMICR
Slide 14: Gross Profit
Gross Profit #039;s millions $50.0 $40.0 $30.0 $20.0 $10.0
Slide 15: Summary P&L non-GAAP
12 Summary P&L non-GAAP (in millions, except per share data) Q4'11 YoY Sequential Q4'10 Q3'11 Operating Expense $22.7 $4.7 $1.9 $18.0 $20.8 Operating Expense Ratio 8.7% -0.2% -0.2% 8.9% 8.9% Operating Income $17.7 $4.7 $0.5 $13.1 $17.2 Net Income $13.0 $3.9 $0.7 $9.1 $12.3 EPS $0.29 $0.08 $0.01 $0.2
Slide 16: Supermicro
SUPERMICR
Slide 17: Q4 FY2011 YTD Summary Statement of Cash Flows
13 Q4 FY2011 YTD Summary Statement of Cash Flows ($’s millions) 12 Months Ended 12 Months Ended 30-Jun-11 30-Jun-10 Net Income $40.2 $26.9 Depreciation and amortization $5.5 $4.6 Stock comp expense (FAS 123R) $8.1 $6.5 Other reserves $9.6 $2.9 Net change in AR, Inventory, AP -$62.7 -$59.7 Other prep
Slide 18: Supermicro
SUPERMICR
Slide 19: Supplemental Financials
15 Supplemental Financials Fourth Quarter Fiscal 2011 Ended June 30, 2011
Slide 20: Non-GAAP Financial Summary
16 Non-GAAP Financial Summary (in millions, except per share data) Q4'11 Q3'11 Q4'10 Net Sales 260.3 $ 234.3 $ 201.7 $ Non-GAAP Gross Margin 15.5% 16.2% 15.4% Non-GAAP Operating Expenses 22.7 $ 20.8 $ 18.0 $ Non-GAAP Operating Income 17.7 $ 17.2 $ 13.1 $ Non-GAAP Net Income 13.0 $ 12.3 $ 9.1 $ Non-G
Slide 21: Prior Period Net Income Comparisons
17 Prior Period Net Income Comparisons (in millions, except per share data) Q4'11 Q3'11 Q4'10 Net Income (GAAP) 10.7 $ 10.7 $ 7.7 $ FAS123R & Other Unusual Expense (tax affected) 2.3 $ 1.6 $ 1.4 $ Net Income (Non-GAAP) 13.0 $ 12.3 $ 9.1 $ Diluted Net Income per common share (GAAP) 0.24 $ 0.25 $ 0.18
Slide 22: Q4 FY 2011 GAAP to Non-GAAP Reconciliation
18 Q4 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q4'11 Q4'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 260.3 $ - $ 260.3 $ Cost of Sales 220.3 $ 0.4 $ 219.9 $ Gross Profit 40.0 $ 0.4 $ 40.5 $ Operating Expense 25.4 $ 2.7 $ 22.7 $ Opera
Slide 23: Q3 FY 2011 GAAP to Non-GAAP Reconciliation
19 Q3 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q3'11 Q3'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 234.3 $ - $ 234.3 $ Cost of Sales 196.4 $ 0.2 $ 196.2 $ Gross Profit 37.9 $ 0.2 $ 38.1 $ Operating Expense 22.7 $ 1.9 $ 20.8 $ Opera
Slide 24: Q2 FY 2011 GAAP to Non-GAAP Reconciliation
20 Q2 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q2'11 Q2'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 240.8 $ - $ 240.8 $ Cost of Sales 200.6 $ 0.2 $ 200.5 $ Gross Profit 40.2 $ 0.2 $ 40.4 $ Operating Expense 23.3 $ 1.7 $ 21.6 $ Opera
Slide 25: Q1 FY 2011 GAAP to Non-GAAP Reconciliation
21 Q1 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q1'11 Q1'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 207.2 $ - $ 207.2 $ Cost of Sales 174.1 $ 0.2 $ 173.9 $ Gross Profit 33.0 $ 0.2 $ 33.2 $ Operating Expense 21.0 $ 2.4 $ 18.7 $ Opera
Slide 26: Q4 FY 2010 GAAP to Non-GAAP Reconciliation
22 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