Slide 1: 1st Quarter Fiscal 2012 Earnings Conference Presentation
GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage 1st Quarter Fiscal 2012 Earnings Conference Presentation October 25, 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: Q1'FY2012 Non-GAAP Financial Highlights
4 Q1’FY2012 Non-GAAP Financial Highlights (in millions, except per share data) YoY Sequential Revenue $247.9 19.6% -4.8% Profit after Tax $10.5 13.2% -19.3% EPS $0.24 9.1% -17.2% Change
Slide 5: Summary of Results
5 Summary of Results Revenues 19.6% higher year over year OEM and Direct business was 44.2% of revenues of which 16.4% was Internet Data Center System business was 39.4% of revenues Revenues by Geography: US – 62.1% Europe – 18.8% Asia – 15.8% Other – 3.3% Product focus remains on preparation for Sa
Slide 6: Leading Application Optimized Solutions
Leading Application Optimized Solutions 6 X9 Romley Solutions in Sampling and early deployment H8 Interlagos Solutions in Seeding Twin Architecture 2U Twin (6x 3.5” HDD or 12x 2.5” HDD per node) 1U Twin and 2U Twin² are still growing Fat Twin Architecture coming soon (418, 424, 442, 414) SuperBlade™
Slide 7: Leading Application Optimized Solutions
Leading Application Optimized Solutions 7 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 Lines Double-Sided, Super SBB product line with software solutions SuperRack™ Double side access, cable mana
Slide 8: Revenue Trend
8 Revenue Trend Y/Y 39.5% 32.3% 23.8% 29.1% 19.6% Seq. 2.7% 16.2% -2.7% 11.1% -4.8% $0 $40 $80 $120 $160 $200 $240 $280 $207 $241 $234 $260 $248 #039;s millions Supermicro Revenue Trend
Slide 9: Revenue Analysis
9 Revenue Analysis $- $50 $100 $150 $200 $250 $300 $133 $143 $160 $155 $150 $74 $98 $74 $105 $98 #039;s millions Supermicro Subsystems/System Revenue Subsystems Systems
Slide 10: Non-GAAP Gross Margins
10 Non-GAAP Gross Margins 14.0% 17.0% 16.0% 16.8% 16.2% 15.5% 16.1%
Slide 11: Non-GAAP Gross Profit
11 Non-GAAP Gross Profit $- $10.0 $20.0 $30.0 $40.0 $50.0 $33.2 $40.4 $38.1 $40.5 $39.8 Gross Profit #039;s millions
Slide 12: Summary P&L non-GAAP
12 Summary P&L non-GAAP (in millions, except per share data) YoY Sequential Operating Expense $24.0 $5.3 $1.3 $18.7 $22.7 Operating Expense Ratio 9.7% 0.7% 1.0% 9.0% 8.7% Operating Income $15.8 $1.3 -$1.9 $14.6 $17.7 Net Income $10.5 $1.2 -$2.5 $9.3 $13.0 EPS $0.24 $0.02 -$0.05 $0.22 $0.29 Diluted C
Slide 13: Q1 FY2012 YTD Summary Statement of Cash Flows
13 Q1 FY2012 YTD Summary Statement of Cash Flows ($’s millions) 3 Months Ended 3 Months Ended 30-Sep-11 30-Sep-10 Net Income $8.5 $7.2 Depreciation and amortization $1.5 $1.3 Stock comp expense $2.3 $1.8 Other reserves $4.4 $3.4 Net change in AR, Inventory, AP -$4.5 $1.5 Other prepaids and liabiliti
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Slide 15: Supplemental Financials
15 Supplemental Financials First Quarter Fiscal 2012 Ended September 30, 2011
Slide 16: Non-GAAP Financial Summary
16 Non-GAAP Financial Summary (in millions, except per share data) Net Sales 247.9 $ 260.3 $ 207.2 $ Non-GAAP Gross Margin 16.1% 15.5% 16.0% Non-GAAP Operating Expenses 24.0 $ 22.7 $ 18.7 $ Non-GAAP Operating Income 15.8 $ 17.7 $ 14.6 $ Non-GAAP Net Income 10.5 $ 13.0 $ 9.3 $ Non-GAAP Net Income per
Slide 17: Prior Period Net Income Comparisons
17 Prior Period Net Income Comparisons (in millions, except per share data) Net Income (GAAP) 8.5 $ 10.7 $ 7.2 $ Stock Comp & Other Unusual Expense (tax affected) * 2.0 $ 2.3 $ 2.1 $ Net Income (Non-GAAP) * 10.5 $ 13.0 $ 9.3 $ Diluted Net Income per common share (GAAP) $ 0.19 0.24 $ 0.17 $ Stock Com
Slide 18: Q1 FY 2012 GAAP to Non-GAAP Reconciliation
18 Q1 FY 2012 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Stock Comp & Q1'12 GAAP Other Unusual Non-GAAP Results Expenses* Results* Net Sales 247.9 $ - $ 247.9 $ Cost of Sales 208.3 $ (0.2) $ 208.1 $ Gross Profit 39.6 $ 0.2 $ 39.8 $ Operating Expense 26.1 $ (2.1) $ 24.0 $ Op
Slide 19: Q4 FY 2011 GAAP to Non-GAAP Reconciliation
19 Q4 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Stock Comp & 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 $ Op
Slide 20: Q3 FY 2011 GAAP to Non-GAAP Reconciliation
20 Q3 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Stock Comp & 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 $ Op
Slide 21: Q2 FY 2011 GAAP to Non-GAAP Reconciliation
21 Q2 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Stock Comp & 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 $ Op
Slide 22: Q1 FY 2011 GAAP to Non-GAAP Reconciliation
22 Q1 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) 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 $ Operating Incom