Slide 1: Investor Presentation Q4 FY2022
INVESTOR PRESENTATION Q4 FY2022 February 22, 2022
Slide 2: Forward-looking statements
Except for the historical information contained herein, certain matters in this presentation including, but not limited to, statements as to: our financial position; our markets; the performance, benefits, abilities, impact and availability of our products and technologies; retail channels remaining
Slide 3: Content
CONTENT Q4 FY22 Earnings Summary Key Announcements This Quarter NVIDIA Overview Financials Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 4: Q4 FY22 Earnings Summary
Q4 FY22 EARNINGS SUMMARY
Slide 5: Highlights
HIGHLIGHTS Record total, Gaming, Data Center and Professional Visualization revenue Total revenue up 53% y/y to $7.64B, ahead of outlook of $7.40B +/- two percent Gaming up 37% y/y to a record $3.42B; Data Center up 71% y/y to a record $3.26B Gaming driven by record desktop and laptop GeForce GPU re
Slide 6: Q4 FY2022 Financial Summary
Q4 FY2022 FINANCIAL SUMMARY GAAP Non-GAAP $7,643 $7,103 Q4 FY22 Y/Y Q/Q Q4 FY22 Y/Y Q/Q $6,507 Revenue $7,643 +53% +8% $7,643 +53% +8% $5,661 $5,003 66.7% 67.0% 67.0% Gross Margin 65.4% +230 bps +20 bps 67.0% +150 bps -- 66.2% 65.5% Operating Income $2,970 +97% +11% $3,677 +76% +9% Net Income $3,003
Slide 7: Gaming
GAMING Revenue ($M) Highlights 6% q/q and 37% y/y Record desktop revenue led by growth in GeForce RTX 30-Series GPUs, with continued $3,420 strength in the high-end $3,221 $3,061 Record laptop revenue driven by the ramp of $2,760 new GeForce RTX 3070 Ti and 3080 Ti GPUs $2,495 Fourth-generation Max-
Slide 8: Data Center
DATA CENTER Revenue ($M) Highlights 11% q/q and 71% y/y Growth was led by compute products on strong $3,263 demand for NVIDIA AI Driven by fast-growing AI workloads such as natural language processing & deep-learning $2,936 recommendation systems, and cloud computing Hyperscale and public cloud reve
Slide 9: Professional Visualization
PROFESSIONAL VISUALIZATION Revenue ($M) Highlights 11% q/q and 109% y/y Strong demand fueled by buildouts of hybrid $643 work environments, as well as growth in key workloads including 3D design, AI and rendering $577 $519 Sequential growth driven by a shift to higher- value workstations, and the co
Slide 10: Automotive
AUTOMOTIVE Revenue ($M) Highlights Decline driven by legacy cockpit revenue and automotive makers’ supply constraints, partially offset by ramp of self-driving programs Started shipments of NVIDIA DRIVE Orin SoC $154 $152 Expect to return to sequential revenue growth $145 7% q/q and $135 14% y/y in
Slide 11: Sources & Uses of Cash
SOURCES & USES OF CASH Cash Flow from Operations ($M) Highlights Record Q4 cash flow from operations 47% y/y and 100% q/q Returned $100M to shareholders in the form of $3,033 cash dividends $2,682 Invested $294M in capex (includes principal payments on PP&E) Ended the quarter with $21.2B in gross ca
Slide 12: Q1 FY2023 Outlook
Q1 FY2023 OUTLOOK Revenue — $8.10 billion, plus or minus two percent We expect sequential growth to be driven primarily by Data Center. Gaming will also contribute to growth Gross Margin — 65.2% GAAP and 67.0% non-GAAP, plus or minus 50 basis points Operating Expense — $3.55 billion GAAP, including
Slide 13: Key Announcements This Quarter
KEY ANNOUNCEMENTS THIS QUARTER
Slide 14: NVIDIA GeForce RTX 3050
NVIDIA GEFORCE RTX 3050 Making RTX-Powered Ray Tracing and DLSS More Accessible Than Ever GeForce RTX 3050 GPUs come equipped with 2nd gen RT Cores for ray tracing and 3rd gen Tensor Cores for DLSS/AI Enables gameplay of ray traced games on a 50-class GPU at over 60 FPS for the first time, bringing
Slide 15: New GeForce RTX 3080 Ti and 3070 Ti Laptop GPUs
NEW GEFORCE RTX 3080 TI AND 3070 TI LAPTOP GPUS Greater Performance in Thin and Light Designs Announced over 160 new laptops built on the RTX 30 Series and based on the latest 4th gen of Max-Q technologies New NVIDIA Studio laptops are on average 7x faster than the latest MacBook Pro 16 for 3D rende
Slide 16: NVIDIA GeForce NOW
NVIDIA GEFORCE NOW More Games, More Devices and More Networks Extended EA’s library of games on GeForce NOW (GFN) with Battlefield 4 and Battlefield V now streamable Announced a collaboration with Samsung to integrate GeForce NOW in its Smart TVs, starting in Q2 of this year. This follows the recent
Slide 17: Meta Builds Massive AI Research Supercomputer with NVIDIA
META BUILDS MASSIVE AI RESEARCH SUPERCOMPUTER WITH NVIDIA The Largest NVIDIA DGX A100 Customer System to Date Meta Platforms unveiled its new AI supercomputer, Research SuperCluster (RSC) Based on 760 NVIDIA DGX A100 systems that pack a total of ~6.1K NVIDIA A100 GPUs linked on an NVIDIA Quantum 200
Slide 18: Jaguar Land Rover Strategic Partnership
JAGUAR LAND ROVER STRATEGIC PARTNERSHIP Redefining Modern Luxury, Infusing Intelligence Into The Customer Experience Starting in calendar 2025, all new Jaguar and Land Rover (JLR) vehicles will be built on the NVIDIA DRIVE platform Enables a new business model that offers downloadable AV and AI serv
Slide 19: NVIDIA FLARE SDK Brings Collaborative AI to Healthcare
NVIDIA FLARE SDK BRINGS COLLABORATIVE AI TO HEALTHCARE New Open-Source Software Development Kit for Federated Learning Used for AI Applications NVIDIA FLARE allows researchers and data scientists to collaborate on training or evaluating AI models without having to pool or exchange each group’s propr
Slide 20: NVIDIA Omniverse
NVIDIA OMNIVERSE Free Version of Omniverse Generally Available for Individual Creators Announced general availability of a free version of Omniverse for individuals Omniverse allows creators with RTX GPUs to connect leading 3D design applications to a single scene and supercharge their work with AI
Slide 21: NVIDIA Isaac AMR Platform
NVIDIA ISAAC AMR PLATFORM Built for the $9 Trillion Logistics Industry Announced the Isaac Autonomous Mobile Robot (AMR) platform for digital twin applications Using Omniverse, and securely orchestrated and cloud- delivered with Fleet Command, Isaac AMR optimizes operational efficiency and accelerat
Slide 22: NVIDIA Overview
NVIDIA OVERVIEW
Slide 23: NVIDIA — A Computing Platform Company
NVIDIA — A COMPUTING PLATFORM COMPANY Headquarters: Santa Clara, CA Headcount: ~22,500 NVIDIA pioneered accelerated computing to help solve the most challenging computational problems. The approach is broadly recognized as the way to advance computing as Moore’s law ends and AI lifts off. NVIDIA’s p
Slide 24: NVIDIA at a Glance
NVIDIA AT A GLANCE Accelerated Computing Pioneer BRIEF HISTORY REVENUE BY MARKET PLATFORM 1993: Founded by Jensen Huang, Chris Malachowsky, and Curtis Priem $26.9B 1999: IPO on NASDAQ at $12 (prior to 5 stock splits, now 48:1) Gaming 2001: Xbox win; fastest semiconductor company to reach $1B in sale
Slide 25: Tremendous Market Forces Driving NVIDIA Growth
TREMENDOUS MARKET FORCES DRIVING NVIDIA GROWTH Gaming Artificial Intelligence Data Center AI on 5G Autonomous Systems Omniverse
Slide 26: Our Core Businesses
OUR CORE BUSINESSES FY22 Revenue $12.5B, FY22 Revenue of $10.6B, FY22 Revenue of $2.1B, FY22 Revenue of $566M, 5-year CAGR of 25% 5-year CAGR of 66% 5-year CAGR of 20% 5-year CAGR of 3% Strong market position and Leader in deep learning/AI – 90%+ market share in Historical revenue driven technology
Slide 27: Strong, Profitable Growth
STRONG, PROFITABLE GROWTH FY21 FY22 Revenue ($M) Gross Margin Operating Margin 30,000 100% 3 4 2 4 6 8 25,000 90% 47 46 80% 20,000 66% 67% 70% 40 40 62% 63% 15,000 60% 60% 10,000 47% 50% Gaming Gaming 41% Data Center Data Center 5,000 37% 38% 40% 34% ProViz ProViz Auto Auto 0 30% OEM & Others OEM &
Slide 28: Why Accelerated Computing?
WHY ACCELERATED COMPUTING? Advancing Computing in the Post-Moore’s Law Era The world’s demand for computing power continues to 109 grow exponentially, yet CPUs are no longer keeping up as Moore’s law has ended. 108 GPU-Computing perf NVIDIA pioneered GPU-accelerated computing 107 2X per year 1000X t
Slide 29: World Leader in Accelerated Computing
WORLD LEADER IN ACCELERATED COMPUTING Our Four Market Platforms & Key Brands Gaming Data Center Professional Visualization Auto GeForce GPUs for PC Gamers DGX/HGX/EGX for HPC/AI Compute Quadro/NVIDIA RTX DRIVE for Autonomous Vehicles NVIDIA Networking for Workstations
Slide 30: Gaming
GAMING GeForce — The World’s Largest Gaming Platform $12,462 #1 in PC gaming with more 25% 5-YR CAGR than 3X the revenue of the other major GPU vendor $7,759 $6,246 Expanding the market $5,513 $5,518 with gaming laptops and cloud gaming Powering the Nintendo Switch console FY18 FY19 FY20 FY21 FY22 R
Slide 31: Data Center
DATA CENTER High Performance Computing (HPC) and AI 3.0M NVIDIA Share of New 3.0M TOP500 Systems $10,613 70% 70% 2.5M 66% 5-YR CAGR $6,696 2.0M 41% 34% 1.5M 24% $2,932 $2,983 $1,932 1.0M SC17 SC18 SC19 SC20 SC21 0 FY18 FY19 FY20 FY21 FY22 2005 2010 2015 2022 In over 70% of systems on the list, inclu
Slide 32: Professional Visualization
PROFESSIONAL VISUALIZATION Workstation Graphics Accelerate Rendering AR/VR Data Science 20% 5-YR CAGR $2,111 Simulation and Sci Viz Virtual Workstations Foundry $1,212 $1,130 $1,053 $934 Remingto n FY18 FY19 FY20 FY21 FY22 Revenue ($M) 50+ Applications 45M Designers and Creatives Unlocking New Marke
Slide 33: Auto
AUTO Infotainment and Autonomous Vehicles 3% 5-YR CAGR 90 81 $700 RANGE ROVER 80 JAGUAR $641 70 $558 $566 $536 60 50 46 45 VOLVO MERCEDES-BENZ 40 29 30 26 20 14 DIDI ZF 10 10 0 Robo FY18 FY19 FY20 FY21 FY22 Cars Trucks Tier 1s taxis Mapping Sensors Software XPENG Revenue ($M) NVIDIA DRIVE Partners S
Slide 34: Large and Diverse Customer Base
LARGE AND DIVERSE CUSTOMER BASE Reaching Hundreds of Millions of End Users Through Hundreds of Customers Reaching 200M+ PC gamers Cloud 45M Designers/Creatives Every Major PC OEM/ODM HPC ORNL LLNL Piz ABCI Summit Sierra Daint Every Major Graphics Card Vertical Industry Manufacturer 20M Enterprise Us
Slide 35: Financials
FINANCIALS
Slide 36: Annual Cash & Cash Flow Metrics
ANNUAL CASH & CASH FLOW METRICS OPERATING INCOME (NON-GAAP) OPERATING CASH FLOW 12,690 9,108 Axis Title 5,822 6,803 4,761 $M $M 3,502 3,743 4,407 3,617 3,735 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FREE CASH FLOW (NON-GAAP) CASH BALANCE 8,049 21,208 4,677 4,272 $M $M 10,897 11,561 2,909 3,
Slide 37: Commitment to ESG
COMMITMENT TO ESG Building One of the World’s Great Companies Through People, Innovation, and Energy Efficient Technology PEOPLE FIRST SOCIETAL INNOVATION ENERGY AND SUSTAINABILITY NVIDIA powers 23 of the Computing technologies that improve lives 25 most energy efficient and address global challenge
Slide 38: Reconciliation of Non-GAAP to GAAP Financial Measures
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES
Slide 39: Reconciliation of Non-GAAP to GAAP Financial Measures
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES ACQUISITION- STOCK-BASED IP-RELATED GROSS MARGIN NON-GAAP RELATED AND COMPENSATION GAAP COSTS OTHER COSTS (A) (B) Q4 FY2021 65.5% (1.9) (0.5) — 63.1% Q1 FY2022 66.2% (1.6) (0.4) (0.1) 64.1% Q2 FY2022 66.7% (1.3) (0.5) (0.1) 64.8% Q3 FY2022 67.0%
Slide 40: Reconciliation of Non-GAAP to GAAP Financial Measures (Contd.)
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) ACQUISITION- STOCK-BASED IP-RELATED GROSS MARGIN NON-GAAP RELATED AND COMPENSATION GAAP COSTS OTHER COSTS (A) (B) FY 2018 60.2% — (0.3) — 59.9% FY 2019 61.7% — (0.2) (0.3) 61.2% FY 2020 62.5% — (0.4) (0.1) 62.0% FY 2021 65.6% (2.6) (0.5)
Slide 41: Reconciliation of Non-GAAP to GAAP Financial Measures (Contd.)
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) OPERATING MARGIN ACQUISITION- STOCK-BASED OTHER ($ IN MILLIONS & NON-GAAP RELATED AND COMPENSATION GAAP (C) MARGIN PERCENTAGE) OTHER COSTS (A) (B) $3,617 (13) (391) (3) $3,210 FY 2018 37.2% (0.2) (4.0) — 33.0% $4,407 (2) (557) (44) $3,80
Slide 42: Reconciliation of Non-GAAP to GAAP Financial Measures (Contd.)
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) ACQUISITION- STOCK-BASED TAX IMPACT FOREIGN RELATED AND OTHER DOMESTICATION NON-GAAP COMPENSATION OF TAX GAAP OTHER COSTS (C) TAX BENEFIT (B) ADJUSTMENTS BENEFIT (A) Q4 FY2022 Operating income $3,677 (156) (551) — — — — $2,970 ($ in mill
Slide 43: Reconciliation of Non-GAAP to GAAP Financial Measures (Contd.)
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) PURCHASES RELATED TO PRINCIPAL PAYMENTS ($ IN NET CASH PROVIDED BY FREE CASH FLOW PROPERTY AND EQUIPMENT ON PROPERTY AND MILLIONS) OPERATING ACTIVITIES AND INTANGIBLE ASSETS EQUIPMENT FY 2018 $2,909 593 — $3,502 FY 2019 $3,143 600 — $3,7
Slide 44: Reconciliation of Non-GAAP to GAAP Financial Measures
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES Q1 FY2023 ($ IN MILLIONS) OUTLOOK Non-GAAP gross margin 67.0% Impact of stock-based compensation expense and acquisition-related costs (1.8%) GAAP gross margin 65.2% Non-GAAP operating expenses $1,600 Arm write-off cost 1,357 Stock-based compensa
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