International Business Machines Corporation · NYSE:IBM

International Business Machines — Investor Presentation (2013)

13 slides from International Business Machines's investor presentation, 2013

  1. Slide 1: Non-GAAP Supplemental Materials

    Non-GAAP Supplemental Materials

  2. Slide 2: Non-GAAP Supplemental Materials

    Non-GAAP Supplemental Materials In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company also discusses, in its Investor Briefing materials and presentations, the following Non-GAAP inf

  3. Slide 3: Non-GAAP Supplemental Materials: Constant Currency, Cash Flow, PCD and Printers

    Non-GAAP Supplemental Materials Constant Currency Management refers to growth rates at constant currency or adjusting for currency so that certain financial results can be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons

  4. Slide 4: Non-GAAP Supplemental Materials: PLM Gain

    Non-GAAP Supplemental Materials PLM Gain Management presents certain financial results excluding the effects of the PLM divestiture. In 2010, the company completed the sale of its activities associated with the sales and support of Dassault Systemes’ (Dassault) product lifecycle management (PLM) sof

  5. Slide 5: GAAP and Operating (Non-GAAP) – FY 2000 and FY 2012

    Non-GAAP Supplemental Materials GAAP and Operating (Non-GAAP) – FY 2000 and FY 2012 Operating Pre-Tax Income $ $ in billions Operating 2000 GAAP (Non-GAAP) PTI Total IBM $10.2 $8.6 Operating 2012 GAAP (Non-GAAP) PTI Total IBM $21.9 $23.2 The above serves to reconcile the Non-GAAP financial informati

  6. Slide 6: Reconciliation of Free Cash Flow (excluding GF Receivables)

    Non-GAAP Supplemental Materials Reconciliation of Free Cash Flow (excluding GF Receivables) $ in Billions 2000 2001 2002 2003 2004 2005 2006 2007 Net Cash from Operations $8.6 $13.7 $13.8 $14.5 $15.3 $14.9 $15.0 $16.1 Less: Global Financing Receivables (2.5) 2.0 3.3 1.9 2.5 1.8 (0.3) (1.3) Net Cash

  7. Slide 7: Reconciliation of Major Markets and Growth Markets Revenue Growth

    Non-GAAP Supplemental Materials Reconciliation of Major Markets Revenue Growth Yr/Yr As Reported @ Constant Currency 2008 5% 2% 2009 (8%) (6%) 2010 1% 1% 2011 5% 2% 2012 (4%) (1%) Reconciliation of Growth Markets Revenue Growth Yr/Yr As Reported @ Constant Currency 2008 10% 10% 2009 (3%) 1% 2010 16%

  8. Slide 8: Reconciliation of Growth Markets Revenue Mix

    Non-GAAP Supplemental Materials Reconciliation of Growth Markets Revenue Mix As Excluding Divestitures Reported (PCD and Printers) 2000 13% 11% 2006 16% 16% The above serves to reconcile the Non-GAAP financial information contained in the slide entitled “Growth Markets” and “IBM presence in Growth M

  9. Slide 9: GAAP to Operating (Non-GAAP) Bridge – FY 2000 and FY 2006

    Non-GAAP Supplemental Materials GAAP to Operating (Non-GAAP) Bridge – FY 2000 and FY 2006 Operating Segments Pre-Tax Income * Acquisition- related Retirement-related Operating 2000** GAAP Adjustments*** Adjustments **** (Non-GAAP) PTI Margin -Software 20.8% (2.0) pts 0.4 pts 19.1% PTI Margin -Servic

  10. Slide 10: GAAP to Operating (Non-GAAP) Bridge – FY 2000, FY 2006 and FY 2012

    Non-GAAP Supplemental Materials GAAP to Operating (Non-GAAP) Bridge – FY 2000, FY 2006 and FY 2012 Operating Pre-Tax Income Acquisition- related Retirement-related Operating 2000 GAAP Adjustments* Adjustments ** (Non-GAAP) PTI Total IBM 12.0% (2.1) pts 0.2 pts 10.1% 2006 PTI Total IBM 14.6% 0.3 pts

  11. Slide 11: GAAP and Operating (Non-GAAP) - FY 2000 and FY 2006

    Non-GAAP Supplemental Materials GAAP and Operating (Non-GAAP) - FY 2000 and FY 2006 Operating Pre –Tax Income* Operating 2000** GAAP (Non-GAAP) PTI Mix –Software 25% 27% PTI Mix -Services 40% 38% PTI Mix - Hardware/Financing 35% 35% 2006 PTI Mix –Software 40% 40% PTI Mix –Services 37% 37% PTI Mix–Ha

  12. Slide 12: Reconciliation of Revenue Growth

    Non-GAAP Supplemental Materials Reconciliation of Revenue Growth FY12 Yr/Yr As @ Reported Constant Currency Global Technology Services - Growth Markets 5% 9% The above serves to reconcile the Non-GAAP financial information contained in the slide entitled “Growth Markets” in the “Making Markets throu

  13. Slide 13: © 2013 International Business Machines Corporation

    © 2013 International Business Machines Corporation

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