Slide 1: Earnings Conference Presentation April 29, 2009
Supermicro © 2009 Earnings Conference Presentation April 29, 2009 Exhibit 99.2
Slide 2: Safe Harbor Statement
Supermicro © 2009 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 th
Slide 3: Non-GAAP Financial Measures
Supermicro © 2009 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 and the related tax effect of the applicable items. Managem
Slide 4: Q3'FY2009 Non-GAAP Financial Highlights
Supermicro © 2009 4 Q3’FY2009 Non-GAAP Financial Highlights (in millions, except per share data) YoY Sequential Revenue 109.5 $ (27.2) $ (19.0) $ Profit after Tax 2.4 $ (3.5) $ (4.3) $ EPS 0.06 $ (0.09) $ (0.11) $ Change
Slide 5: Intel's Nehalem CPU Launch
Supermicro © 2009 5 Intel’s Nehalem CPU Launch New generation Nehalem Xeon platforms, QPI technology 80+ Motherboard SKUs 30+ Optimized Chassis Hundreds of application optimized server solutions “Application optimized” allows specialization for: Datacenters/Cloud computing Scientific and Engineering
Slide 6: Technology Innovation – 2U Twin²
Supermicro © 2009 6 Technology Innovation – 2U Twin² 6 Highest Performance per Watt (375 GFLOPS/kW, up to 25% net gain over other top tiers’ 1U servers) Optimized for HPC and Datacenters Four Independent Hot-pluggable DP/UP Nodes High-Efficiency Power Supply (93%+) with Optional 1+1 Redundancy Power
Slide 7: GPU Workstation/Server Solutions
Supermicro © 2009 7 GPU Workstation/Server Solutions 1U rack server chassis optimized for x2 double width GPU cards. 3x Hot Swap SAS/SATA HDDs Optimized thermal solution – air flow controlled by GPU and CPU temperature. 4U Tower / Rackmount chassis 4x double width high-end graphic cards 8x Hot Swap
Slide 8: Upcoming Products and Launches
Supermicro © 2009 8 Upcoming Products and Launches Storage product line expansion Super SBB product line Higher density storage subsystems Switch product line 24-port and 48-port models / Layer-3 switch 10G and 40G connectivity Intel Atom-based product Embedded, cost effective server appliance marke
Slide 9: Revenue Comparables
Supermicro © 2009 9 Revenue Comparables $137 $149 $144 $129 $110 $0 $40 $80 $120 $160 #039;s millions Q3' Q4' Q1' Q2' Q3' Supermicro Revenue Trend Y/Y 29.4% 34.2% 22.1% -6.1% -19.9% Seq. -0.1% 8.9% -3.2% -10.8% -14.8%
Slide 10: Revenue Analysis
Supermicro © 2009 10 Revenue Analysis $89 $48 $91 $58 $88 $56 $76 $53 $67 $43 $- $40 $80 $120 $160 #039;s millions Supermicro Component/System Revenue Total Components Systems
Slide 11: Non-GAAP Gross Margins
Supermicro © 2009 11 Non-GAAP Gross Margins 18.2% 19.2% 19.4% 18.9% 15.0%
Slide 12: Non-GAAP Gross Profit
Supermicro © 2009 12 Non-GAAP Gross Profit $25.0 $28.6 $28.0 $24.2 $16.5 Gross Profit #039;s millions
Slide 13: Summary P&L non-GAAP
Supermicro © 2009 13 Summary P&L non-GAAP (in millions, except per share data) YoY Sequential Operating Expense 14.6 $ (1.0) $ (1.0) $ 15.6 $ 15.6 $ Operating Expense Ratio 13.4% 1.9% 1.3% 11.4% 12.2% Operating Income 1.8 $ (7.5) $ (6.8) $ 9.3 $ 8.6 $ Net Income 2.4 $ (3.5) $ (4.3) $ 6.0 $ 6.7 $ EPS
Slide 14: Q3'09 YTD Summary Statement of Cash Flows
Supermicro © 2009 14 Q3’09 YTD Summary Statement of Cash Flows ($’s millions) 9 Months Ended 9 Months Ended Mar. 31, 2009 Mar. 31, 2008 Net Income 13.7 $ 18.6 $ Depreciation and amortization 2.6 $ 1.9 $ Stock comp expense (FAS 123R) 4.0 $ 2.8 $ Other reserves 4.3 $ 8.2 $ Net change in AR, Inventory,
Slide 15: Q3'09 Summary of Balance Sheet Metrics
Supermicro © 2009 15 Q3’09 Summary of Balance Sheet Metrics ($’s millions) Change Cash Equivalents & Investments 77.4 $ 74.9 $ 2.5 $ Accounts Receivable 42.8 $ 39.6 $ 3.2 $ Inventory 82.9 $ 89.1 $ (6.2) $ Accounts Payable 60.5 $ 65.6 $ (5.0) $ DSO DIO DPO -5 Cash Cycle Days
Slide 16: Supplemental Financials
Supermicro © 2009 16 Supplemental Financials Third Quarter Fiscal 2009 Ended March 31, 2009
Slide 17: Non-GAAP Financial Summary
Supermicro © 2009 17 Non-GAAP Financial Summary (in millions, except per share data) Net Sales 109.5 $ 128.6 $ 136.8 $ Non-GAAP Gross Margin 15.0% 18.9% 18.2% Non-GAAP Operating Expenses 14.6 $ 15.6 $ 15.6 $ Non-GAAP Operating Income 1.8 $ 8.6 $ 9.3 $ Non-GAAP Net Income 2.4 $ 6.7 $ 6.0 $ Non-GAAP N
Slide 18: Prior Period Net Income Comparisons
Supermicro © 2009 18 Prior Period Net Income Comparisons (in millions, except per share data) Net Income (GAAP) 1.2 $ 5.3 $ 5.0 $ FAS123R Expense (tax affected) 1.2 $ 1.3 $ 1.0 $ Net Income (Non-GAAP) 2.4 $ 6.7 $ 6.0 $ Diluted Net Income per share (GAAP) 0.03 $ 0.14 $ 0.13 $ FAS123R 0.03 $ 0.03 $ 0.
Slide 19: Q3 FY09 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 19 Q3 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q3'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 109.5 $ - $ 109.5 $ Cost of Sales 93.2 $ 0.1 $ 93.1 $ Gross Profit 16.3 $ 0.1 $ 16.5 $ Operating Expense 15.9 $ 1.2 $ 14.6 $ Operating Inco
Slide 20: Q2 FY09 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 20 Q2 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q2'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 128.6 $ - $ 128.6 $ Cost of Sales 104.5 $ 0.1 $ 104.3 $ Gross Profit 24.1 $ 0.1 $ 24.2 $ Operating Expense 16.8 $ 1.2 $ 15.6 $ Operating In
Slide 21: Q1 FY08 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 21 Q1 FY08 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q1'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 144.1 $ - $ 144.1 $ Cost of Sales 116.2 $ 0.1 $ 116.1 $ Gross Profit 27.8 $ 0.1 $ 28.0 $ Operating Expense 16.0 $ 1.1 $ 14.9 $ Operating In
Slide 22: Q4 FY08 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 22 Q4 FY08 GAAP to Non-GAAP Reconciliation (in millions, except per share) Q4'08 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 148.9 $ - $ 148.9 $ Cost of Sales 120.4 $ 0.2 $ 120.3 $ Gross Profit 28.4 $ 0.2 $ 28.6 $ Operating Expense 17.8 $ 1.2 $ 16.7 $ Operating Income
Slide 23: Q3 FY08 GAAP to Non-GAAP Reconciliation
Supermicro © 2009 23 Q3 FY08 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q3'08 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 136.8 $ - $ 136.8 $ Cost of Sales 111.9 $ 0.1 $ 111.8 $ Gross Profit 24.8 $ 0.1 $ 25.0 $ Operating Expense 16.6 $ 0.9 $ 15.6 $ Operating In