Slide 1: Earnings Conference Presentation January 28, 2009
1 Supermicro © 2008 Earnings Conference Presentation January 28, 2009 Exhibit 99.2
Slide 2: Safe Harbor Statement
2 Supermicro © 2009 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 th
Slide 3: Non-GAAP Financial Measures
3 Supermicro © 2009 Non-GAAP Financial Measures Non-GAAP gross margin in this presentation excludes stock-based compensation expense. Non-GAAP net income and net income per share in this presentation exclude stock-based compensation expense and the related tax effect of the applicable items. Managem
Slide 4: Q2'FY2009 Non-GAAP Financial Highlights
4 Supermicro © 2009 Q2’FY2009 Non-GAAP Financial Highlights (in millions, except per share data) YoY Sequential Revenue 128.6 $ (8.4) $ (15.5) $ Profit after Tax 6.7 $ (1.8) $ (1.6) $ EPS 0.17 $ (0.05) $ (0.04) $ Change
Slide 5: Strong Fundamentals and Product Strategy
5 Supermicro © 2009 Strong Fundamentals and Product Strategy Our fundamentals are strong and our product strategy is succeeding and we are gaining market share Focused on developing application optimized server solutions Delivering highest performance, best power efficiency, and lowest total cost of
Slide 6: Stock Buy Back
6 Supermicro © 2009 Stock Buy Back In November, Board of Directors authorized repurchase of common stock Company may repurchase up to 2 million shares Program expires in June 2009
Slide 7: Achievements
7 Supermicro © 2009 Achievements Supermicro is No. 1 x86 Server vendor to the channel for 2008 Government Computer News rates SuperServer 6015W “truly the best of the best for this year” Launched the world’s most affordable personal supercomputer featuring OfficeBlade Introduced Supermicro’s first c
Slide 8: Upcoming Products and Launches
8 Supermicro © 2009 Upcoming Products and Launches New generation Nehalem Xeon platforms, QPI technology 50+ Motherboard SKUs 30+ Optimized Chassis 30+ system solutions Twin --New architecture for performance per watt and dollar Continue the momentum of 1U Twin New generation of 2U Twin ² for HPC an
Slide 9: Revenue Comparables
9 Supermicro © 2009 Revenue Comparables $137 $137 $149 $144 $129 $0 $40 $80 $120 $160 #039;s millions Supermicro Revenue Trend -10.4% -3.4% 8.8% 0.0% 16.1% Seq. -5.8% 22.0% 34.2% 29.2% 20.2% Y/Y
Slide 10: Revenue Analysis
10 Supermicro © 2009 Revenue Analysis $79 $58 $89 $48 $91 $58 $88 $56 $76 $53 $- $40 $80 $120 $160 #039;s millions Supermicro Component/System Revenue Total Components Systems
Slide 11: Non-GAAP Gross Margins
11 Supermicro © 2009 Non-GAAP Gross Margins 20.0% 18.2% 19.2% 19.4% 18.9%
Slide 12: Non-GAAP Gross Profit
12 Supermicro © 2009 Non-GAAP Gross Profit $27.4 $25.0 $28.6 $28.0 $24.2 Gross Profit #039;s millions 18.9% 19.4% 19.2% 18.2% 20.0%
Slide 13: Summary P&L non-GAAP
13 Supermicro © 2009 Summary P&L non-GAAP (in millions, except per share data) 36.1% 36.0% 20.8% Effective Quarterly Tax Rate 39.6 38.9 39.2 Diluted Share Count $ 0.21 $ 0.22 $ (0.04) $ (0.05) $ 0.17 EPS $ 8.3 $ 8.6 $ (1.6) $ (1.8) $ 6.7 Net Income $ 13.0 $ 13.2 $ (4.4) $ (4.6) $ 8.6 Operating Incom
Slide 14: Q2'09 Summary Statement of Cash Flows
14 Supermicro © 2009 Q2’09 Summary Statement of Cash Flows ($’s millions) 6 Months Ended 6 Months Ended Dec. 31, 2008 Dec. 31, 2007 Net Income 12.5 $ 13.5 $ Depreciation and amortization 1.7 $ 1.1 $ Stock comp expense (FAS 123R) 2.5 $ 1.8 $ Other reserves 3.3 $ 5.3 $ Net change in AR, Inventory, AP
Slide 15: Q2'09 Summary of Balance Sheet Metrics
15 Supermicro © 2009 Q2’09 Summary of Balance Sheet Metrics ($’s millions) Change Cash Equivalents & Investments 74.9 $ 79.9 $ (5.0) $ Accounts Receivable 39.6 $ 46.2 $ (6.6) $ Inventory 89.1 $ 100.9 $ (11.7) $ Accounts Payable 65.6 $ 86.9 $ (21.3) $ DSO DIO -10 DPO Cash Cycle Days -9
Slide 16: Second Quarter Fiscal 2009
16 Supermicro © 2009 Second Quarter Fiscal 2009 Ended December 31, 2008
Slide 17: Non-GAAP Financial Summary
17 Supermicro © 2009 Non-GAAP Financial Summary (in millions, except per share data) Net Sales 128.6 $ 144.1 $ 136.9 $ Non-GAAP Gross Margin 18.9% 19.4% 20.0% Non-GAAP Operating Expenses 15.6 $ 14.9 $ 14.2 $ Non-GAAP Operating Income 8.6 $ 13.0 $ 13.2 $ Non-GAAP Net Income 6.7 $ 8.3 $ 8.6 $ Non-GAAP
Slide 18: Prior Period Net Income Comparisons
18 Supermicro © 2009 Prior Period Net Income Comparisons (in millions, except per share data) Net Income (GAAP) 5.3 $ 7.2 $ 7.7 $ FAS123R Expense (tax affected) 1.3 $ 1.1 $ 0.9 $ Net Income (Non-GAAP) 6.7 $ 8.3 $ 8.6 $ Diluted Net Income per share (GAAP) 0.14 $ 0.18 $ 0.20 FAS123R 0.03 $ 0.03 $ 0.02
Slide 19: Q2 FY09 GAAP to Non-GAAP Reconciliation
19 Supermicro © 2009 Q2 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q2'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 128.6 $ - $ 128.6 $ Cost of Sales 104.5 $ 0.1 $ 104.3 $ Gross Profit 24.1 $ 0.1 $ 24.2 $ Operating Expense 16.8 $ 1.2 $ 15.6 $ Operating In
Slide 20: Q1 FY09 GAAP to Non-GAAP Reconciliation
20 Supermicro © 2009 Q1 FY09 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q1'09 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 144.1 $ - $ 144.1 $ Cost of Sales 116.2 $ 0.1 $ 116.1 $ Gross Profit 27.8 $ 0.1 $ 28.0 $ Operating Expense 16.0 $ 1.1 $ 14.9 $ Operating In
Slide 21: Q4 FY08 GAAP to Non-GAAP Reconciliation
21 Supermicro © 2009 Q4 FY08 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q4'08 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 148.9 $ - $ 148.9 $ Cost of Sales 120.4 $ 0.2 $ 120.3 $ Gross Profit 28.4 $ 0.2 $ 28.6 $ Operating Expense 17.8 $ 1.2 $ 16.7 $ Operating In
Slide 22: Q3 FY08 GAAP to Non-GAAP Reconciliation
22 Supermicro © 2009 Q3 FY08 GAAP to Non-GAAP Reconciliation (in millions, except per share) Q3'08 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 136.8 $ - $ 136.8 $ Cost of Sales 111.9 $ 0.1 $ 111.8 $ Gross Profit 24.8 $ 0.1 $ 25.0 $ Operating Expense 16.6 $ 0.9 $ 15.6 $ Operating Income
Slide 23: Q2 FY08 GAAP to Non-GAAP Reconciliation
23 Supermicro © 2009 Q2 FY08 GAAP to Non-GAAP Reconciliation (in millions, except per share data) Q2'08 GAAP FAS123R Non-GAAP Results Expenses Results Net Sales 136.9 $ - $ 136.9 $ Cost of Sales 109.7 $ 0.1 $ 109.6 $ Gross Profit 27.3 $ 0.1 $ 27.4 $ Operating Expense 15.0 $ 0.8 $ 14.2 $ Operating In