International Business Machines Corporation · NYSE:IBM

International Business Machines — Q2 2022 Earnings Presentation

7 slides from International Business Machines's earnings presentation, Jul 19, 2022

  1. Slide 1: IBM 2Q 2022 Earnings Non-GAAP Supplemental Materials

    IBM 2Q 2022 Earnings Non-GAAP Supplemental Materials July 18, 2022 ibm.com/investor ​ ​ ​ ​ ​

  2. Slide 2: Reconciliation of revenue performance - 2Q 2022

    Non-GAAP supplemental materials Reconciliation of revenue performance - 2Q 2022 2Q22 Yr/Yr GAAP @CC Total revenue Total hybrid cloud Total hybrid cloud (TTM) 9% 18% 16% 16% 24% 19% Americas Europe/ME/Africa Asia Pacific 14% 5% 3% 15% 17% 15% The above reconciles the non-GAAP financial information co

  3. Slide 3: Reconciliation of segment revenue performance - 2Q 2022

    Non-GAAP supplemental materials Reconciliation of segment revenue performance - 2Q 2022 2Q22 Yr/Yr 2Q22 Yr/Yr GAAP @CC GAAP @CC Consulting Business Transformation Technology Consulting Application Operations Hybrid cloud revenue (TTM) 10% 9% 14% 9% 28% 18% 16% 23% 17% 32% Software Hybrid Platform &

  4. Slide 4: Expense summary

    Non-GAAP supplemental materials Reconciliation of expense summary - 2Q 2022 2Q22 Non-GAAP Adjustments GAAP Operating (Non-GAAP) SG&A Currency Acquisitions/divestitures Base* RD&E Currency Acquisitions/divestitures Base* Operating expense & other income Currency Acquisitions/divestitures Base* 4 pts

  5. Slide 5: Continuing operations reconciliation of GAAP to operating (non-GAAP)

    Non-GAAP supplemental materials Reconciliation of continuing operations - 2Q 2022 2Q22 Retirement-related adjustments Acquisition-related adjustments Tax reform impacts Kyndryl-related impact Operating (non-GAAP) GAAP Gross profit Gross profit margin SG&A Other (income) & expense Total expense Pre-t

  6. Slide 6: Tax rate and pre-tax income margin - expectations

    Non-GAAP supplemental materials Reconciliation of tax rate and pre-tax income margin - expectations Operating (non-GAAP) B/(W) GAAP B/(W) Tax rate Full-year 2022* Mid Teens Mid-High Teens Pre-tax margin Improvement Yr/Yr from 3Q21 to 3Q22 ~3 pts** ~2 pts *includes estimate of discrete tax events for

  7. Slide 7: ibm.com/investor

    ibm.com/investor .----- -_---.-·---- - ----_.._ ​

International Business Machines — Q2 2022 Earnings Presentation on 6ix