Slide 1: Third Quarter Fiscal 2012 Earnings Conference Presentation
Third Quarter Fiscal 2012 Earnings Conference Presentation April 24, 2012 Exhibit 99.2
Slide 2: Safe Harbor Statement
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 expecte
Slide 3: Non-GAAP Financial Measures
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 period
Slide 4: Q3'FY2012 Non-GAAP Financial Highlights
Q3’FY2012 Non-GAAP Financial Highlights (in millions, except per share data) Q3'12 YoY Sequential Revenue $240.2 2.5% -3.9% Profit after Tax $8.8 -28.1% -21.1% EPS $0.19 -31.8% -24.0% Change
Slide 5: Summary of Results
Summary of Results Revenues high 2.5% higher year over year, and impacted by the HDD shortage and late launch of Sandy Bridge OEM and Direct business was 47.4% of total revenues and Internet Data Center was 15.7% of total revenues System business was 48.5% of total revenues Revenues by Geography: US
Slide 6: Leading Application Optimized Solutions
Leading Application Optimized Solutions X9 Sandy Bridge Solutions in Mass Production Twin Architecture X9 Sandy Bridge Update - DIMMs per DP node New Fat Twin Architecture – Configurations in 8, or nodes in 4U. PUE Optimized Architecture High Temperature Operation (0-47 degree Celsius) Reduces cooli
Slide 7: HPC/Enterprise 8-way/4-way Systems
HPC/Enterprise 8-way/4-way Systems 8-way 5U high-end high-margin solution – 80 cores and 2TB Sandy Bridge MP systems in 1U/2U/4U ready in production now UP Solutions Volume products. X9 Ivy Bridge update Storage Product Lines Double-Sided, Growing SBB product line with software solutions SuperRack™
Slide 8: Revenue Trend
Revenue Trend Y/Y 23.8% 29.1% 19.6% 3.8% 2.5 % Seq. -2.7% 11.1% -4.8% 0.8% -3.9%
Slide 9: Supermicro Subsystems/System Revenue
SUPERMICR® ‘©copynghts 2012 Supermicro Subsystems/System Revenue #039;s millions att ost ant 0212 0312 Subsystems Systems
Slide 10: Gross Margin
SUPERMICR® ‘copyrights 2012 17.0% 14.0% a3 ost on 212 0312
Slide 11: Gross Profit
SUPERMICR® ‘©opyrghts 2012 Gross Profit #039;s millions
Slide 12: Summary P&L non-GAAP
Summary P&L non-GAAP (in millions, except per share data) Q3'12 YoY Sequential Q3'11 Q2'12 Operating Expense $28.7 $7.9 $2.1 $20.8 $26.6 Operating Expense Ratio 11.9% 3.0% 1.3% 8.9% 10.6% Operating Income $12.2 -$5.0 -$4.0 $17.2 $16.2 Net Income $8.8 -$3.4 -$2.4 $12.3 $11.2 EPS $0.19 -$0.09 -$0.06 $
Slide 13: SUPERMICR® ‘© copyrights 2012
SUPERMICR® ‘© copyrights 2012
Slide 14: SUPERMICR® ae
SUPERMICR® ae
Slide 15: Slide 15
Slide 16: Supplemental Financials
Supplemental Financials Third Quarter Fiscal 2012 Ended March 31, 2012
Slide 17: Non-GAAP Financial Summary
Non-GAAP Financial Summary (in millions, except per share data) Q3'12 Q2'12 Q3'11 Net Sales 240.2 $ 249.9 $ 234.3 $ Non-GAAP Gross Margin 17.0% 17.1% 16.2% Non-GAAP Operating Expenses 28.7 $ 26.6 $ 20.8 $ Non-GAAP Operating Income 12.2 $ 16.2 $ 17.2 $ Non-GAAP Net Income 8.8 $ 11.2 $ 12.3 $ Non-GAAP
Slide 18: Prior Period Net Income Comparisons
Prior Period Net Income Comparisons (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q3'12 Q2'12 Q3'11 Net Income (GAAP) 7.1 $ 8.8 $ 10.7 $ Stock Comp & Other Unusual Expense (tax affected)* 1.7 $ 2.4 $ 1.6 $ Net Income (Non-GAAP)* 8.8 $ 11.2 $
Slide 19: Quarterly Net Income (Loss)
Quarterly Net Income (Loss) GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q3'12 Q2'12 Q1'12 Q4'11 Q3'11 Net income (GAAP) 7.1 $ 8.8 $ 8.5 $ 10.7 $ 10.7 $ Adjustments: Stock-based compensation expense 2.6 2.5 2.3 2.3 2.1 Accrued customs fee - - - 0.8 - Income tax effects of adj