International Business Machines Corporation · NYSE:IBM

International Business Machines — Q1 2022 Earnings Presentation

7 slides from International Business Machines's earnings presentation, Apr 20, 2022

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

    IBM 1Q 2022 Earnings Non-GAAP Supplemental Materials April 19, 2022 ibm.com/investor 1 ​ ​

  2. Slide 2: Reconciliation of Revenue Performance - 1Q 2022 by segment

    Non-GAAP Supplemental Materials Reconciliation of Revenue Performance - 1Q 2022 1Q22 Yr/Yr 1Q22 Yr/Yr GAAP @CC GAAP @CC Consulting Business Transformation Technology Consulting Application Operations Hybrid Cloud Revenue 13% 15% 14% 10% 24% 17% 19% 19% 14% 29% Software Hybrid Platform & Solutions Re

  3. Slide 3: Reconciliation of Revenue Performance - 1Q 2022 by geography

    Non-GAAP Supplemental Materials Reconciliation of Revenue Performance - 1Q 2022 1Q22 Yr/Yr GAAP @CC Total Revenue 8% 11% Americas Europe/ME/Africa Asia Pacific 9% 8% 5% 9% 14% 11% Total Hybrid Cloud 14% 17% The above reconciles the Non-GAAP financial information contained in the “Financial Highlight

  4. Slide 4: Expense Summary Non-GAAP Adjustments

    Non-GAAP Supplemental Materials Reconciliation of Expense Summary - 1Q 2022 1Q22 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* 2 pts

  5. Slide 5: Continuing Operations GAAP to Operating (Non-GAAP) Reconciliation

    Non-GAAP Supplemental Materials Reconciliation of Continuing Operations - 1Q 2022 1Q22 Retirement-Related Adjustments Acquisition-Related Adjustments Kyndryl-Related Impact Tax Reform Impacts 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 2Q21 to 2Q22 5-6 pts** 4-5 pts *includes estimate of discrete tax events f

  7. Slide 7: ibm.com/investor

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

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