Slide 1: Investor Presentation March 2022
INVESTOR PRESENTATION MARCH 2022
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements in this presentation regarding TD SYNNEX Corporation which are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking stateme
Slide 3: Who We Are
WHO WE ARE We’re 22,000 of the IT industry’s best and brightest, who share an unwavering passion for bringing compelling technology products, services and solutions to the world. We’re an innovative partner that helps our customers maximize the value of IT investments, demonstrate business outcomes
Slide 4: Our Purpose, Our Vision
OUR PURPOSE OUR VISION We empower our global To connect the global IT partners to achieve ecosystem and unlock great outcomes with its potential for all technology 4
Slide 5: Our Mission
OUR MISSION We deliver compelling technology solutions to a dynamic global marketplace. Intent on the success of our partners, shareholders and each other, we hold ourselves to the highest standards and deliver excellence every day. 5
Slide 6: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Experienced team with track record of success RICH HUME Chief Executive Officer MICHAEL URBAN Chief Legal Officer Chief Information Americas President EU & APAC President Chief Financial Officer Officer SIMON LEUNG Chief Human Head of Global Businesses & Chief Strategy Offi
Slide 7: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Environmental Social Governance At TD SYNNEX, our vision for a We believe anyone can do great things with True to our values of Inclusion, vibrant, interconnected world technology – and “anyone” is the operative Collaboration, Integrity and remains focused on protecti
Slide 8: Our Locations
OUR LOCATIONS We're proud to serve customers and vendors in more than 100 countries with our co-workers in the following locations. APJ ~3k co-workers Australia China Americas Hong Kong ~12k co-workers India Europe Indonesia Argentina ~8k co-workers Japan Brazil Macau Austria Netherlands Canada Mala
Slide 9: Business Partner Ecosystem Evolution
BUSINESS PARTNER ECOYSTEM EVOLUTION CLOUD SOLUTION CONSUMERS PROVIDERS ISVs AND OEMs MSPs SYSTEM INTEGRATIONS ANCHOR CLOUD PROVIDERS ECOSYSTEM TECHNOLOGY CUSTOMERS 9 SUPPLIERS PARTNERS
Slide 10: Aggregating Solutions to Create Value
AGGREGATING SOLUTIONS TO CREATE VALUE 10
Slide 11: Providing Solutions Across the IT Spectrum
PROVIDING SOLUTIONS ACROSS THE IT SPECTRUM Our differentiated edge-to-cloud skills and capabilities are strengthening and expanding our position as a trusted partner to the world’s leading technology vendors while serving our customers better than any other company in our space. - Rich Hume, Chief E
Slide 12: Q1 FY22 Earnings
Q1 FY22 EARNINGS REPORTED ON MARCH 24, 2022
Slide 13: Solid and Consistent Performance
SOLID AND CONSISTENT PERFORMANCE $18.5 Revenue ($B) Adj. OP%(1) $16.5 $16.0 $15.4 $15.6 $15.5 $14.5 $15.2 $14.3 $12.5 $13.7 $12.6 2.9% 2.8% $10.5 2.5% 2.5% 2.6% $8.5 2.2% 1.9% 1.8% $6.5 $4.5 $2.5 $0.5 FQ2'20 FQ3'20 FQ4'20 FQ1'21 FQ2'21 FQ3'21 FQ4'21 FQ1'22 (1) Non-GAAP measure. See the Appendix to t
Slide 14: Q1 FY2022 Financial Results
Q1 FY2022 FINANCIAL RESULTS $15.5 billion 2.90% 2.79% Non-GAAP Non-GAAP Revenue Operating Operating Margin (1) Margin(1) Experienced solid, broad-based demand across our geographic regions » Revenue increased 1.5% Y/Y if adjusted for merger, and 6% Y/Y when adjusting for FX and revenue accounting po
Slide 15: Q1 FY2022 Key Highlights
Q1 FY2022 KEY HIGHLIGHTS • Strong Q1 revenue and EPS, ahead of expectations and fueled by “new normal” work environment with IT needs in the office and at home • All 3 regions performed at or better than expectations and despite COVID-related lockdowns in some countries • Began to see some marginal
Slide 16: Q2 FY2022 Outlook
Q2 FY2022 OUTLOOK Guidance Q2 FY22E Revenue ($B) 14.8 – 15.8 Net Income ($M) 84 – 184 Non-GAAP Net Income ($M)(1) 231– 270 Diluted EPS $0.87 – $1.91 Non-GAAP Diluted EPS(1) $2.40 – $2.80 Outstanding Diluted Weighted Avg. Shares (Mil) 95.7 Net Total Interest Expense ($M) ~37 Tax Rate 24% 16 (1) Non-G
Slide 17: FY2022 Outlook
FY2022 OUTLOOK Guidance FY22E Diluted EPS $5.18 – $6.32 Non-GAAP Diluted EPS(1) $11.15 – $11.65 Outstanding Diluted Weighted Avg. Shares (Mil) 95.7 17 (1) Non-GAAP measure. See the Appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP. 17
Slide 18: Appendix
© TD SYNNEX APPENDIX
Slide 19: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Use of Non-GAAP Financial Measures In addition to the financial results presented in accordance with GAAP, TD SYNNEX also uses adjusted selling, general and administrative expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP di
Slide 20: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Currency in thousands) (Amounts may not add due to rounding) 20 20
Slide 21: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Amounts in thousands) (Amounts may not add due to rounding) 21 21
Slide 22: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Amounts may not add due to rounding) (1) Diluted EPS is calculated using the two-class method. Unvested restricted stock awards granted to employees are considered participating securities. For purposes of calculating Diluted EPS, net income all
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Amounts may not add due to rounding) (1) Diluted EPS is calculated using the two-class method. Unvested restricted stock awards granted to employees are considered participating securities. Net income allocable to participating securities is est
Slide 24: Calculation of Financial Metrics
CALCULATION OF FINANCIAL METRICS (Amounts in thousands) (Amounts may not add due to rounding) (1) Income taxes on GAAP operating income was calculated using the effective year-to-date tax rates during the respective periods. Income taxes on non-GAAP operating income was calculated by excluding the t
Slide 25: Combined Legacy SYNNEX and Legacy Tech Data Results
COMBINED LEGACY SYNNEX AND LEGACY TECH DATA RESULTS Prior to the merger, SYNNEX Corporation and Tiger Parent (AP) Corporation (“Tech Data”) had different fiscal years. TD SYNNEX’ fiscal year ends on November 30, whereas Tech Data’s fiscal year ended on January 31. The unaudited historical financial
Slide 26: Combined Comparative Results
COMBINED COMPARATIVE RESULTS 26 26
Slide 27: Calculation of Financial Metrics – Combined Legacy Tech Data & Legacy SYNNEX
CALCULATION OF FINANCIAL METRICS – COMBINED LEGACY TECH DATA & LEGACY SYNNEX (Amounts in thousands) (Amounts may not add due to rounding) Excludes unrealized synergies. 27 27
Slide 28: Thank You
THANK YOU Liz Morali Investor Relations TD SYNNEX Corporation 510-668-8436 ir@synnex.com IR website: ir.synnex.com