Slide 1: Q1 2022 Financial Results Conference Call Slides
Q1 2022 Financial Results Conference Call Slides
Slide 2: Forward-looking statements
This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, among others, fluctuations in foreign exchange rates, changes in global economic conditions and customer spendi
Slide 3: Free Cash Flow -- TTM
MM Free Cash Flow -- TTM (1) (2) $80,000 Down 171% Y/Y (3) Up 101% Y/Y $40,000 $26,410 $0 $(18,627) $-40,000 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proce
Slide 4: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations -- TTM
Free Cash Flow Less Principal Repayments of Finance Leases MM and Financing Obligations -- TTM (1) $80,000 Down 297% Y/Y (2) $40,000 $14,859 $0 $(29,335) $-40,000 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow less principal repayments of finance
Slide 5: Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases -- TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations -- TTM (1) MM $80,000 DownY/Y Down 232% 50%(2) Y/Y(3) $40,000 $16,846 $0 $(22,279) $-40,000 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Long-Term Goal – Optimize Free Cash Flows (1
Slide 6: Shares
Shares (1) MM 700 519 523 15 14 350 504 509 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Common Shares Outstanding Stock-Based Awards Outstanding Efficiently Managing Dilution (1) The Company repurchased 0.9 million shares in Q1 2022. 6
Slide 7: Net Sales
MM Net Sales $250,000 Up 7% Y/Y; Up 9% F/X Adjusted (1) $125,000 $116,444 $108,518 $0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 (1) Information regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our net sales and operating income is provided to show reported period operating re
Slide 8: Net Sales – TTM
Net Sales – TTM MM $800,000 Net Sales - TTM (MM) Up 14% Y/Y $67,140 14% $477,748 $419,130 $125,897 $400,000 26% $284,711 60% North America International AWS $0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 8
Slide 9: Operating Income
Operating Income MM $14,000 Down 59% Y/Y; Down 60% F/X Adjusted $8,865 $7,000 $3,669 $0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 9
Slide 10: Operating Income – TTM
Operating Income – TTM MM $50,000 Down 29% Y/Y; Down 30% F/X Adjusted $27,775 $25,000 $19,683 $0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 10
Slide 11: Net Income (Loss)
Net Income (Loss) (1) MM $30,000 Down 147% Y/Y $15,000 $8,107 $0 $(3,844) $-15,000 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 (1) Q1 2022 net loss includes a pre-tax valuation loss of $7.6 billion included in non-operating expense from our common stock investment in Rivian Automotive, Inc. 11
Slide 12: Net Income – TTM
Net Income – TTM MM $60,000 Down 20% Y/Y $30,000 $26,903 $21,413 $0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 12
Slide 13: Segment Results – North America
Segment Results – North America MM Net Sales MM Operating Income (Loss) $130,000 $8,000 Up 8% Y/Y Down 145% Y/Y; Down 147% F/X Adjusted $4,000 $3,450 $69,244 $64,366 $65,000 $0 $(1,568) $0 $-4,000 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 TTM Net Sales $284.7B 1
Slide 14: Segment Results – International
Segment Results – International MM Net Sales MM Operating Income (Loss) $70,000 $6,000 Down 6% Y/Y; Down 202% Y/Y; Flat F/X Adjusted Down 196% F/X Adjusted $3,000 $35,000 $1,252 $30,649 $28,759 $0 $(1,281) $0 $-3,000 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 TTM
Slide 15: Segment Results – AWS
Segment Results – AWS MM Net Sales MM Operating Income $30,000 $12,000 Up 37% Y/Y Up 57% Y/Y; Up 53% F/X Adjusted $18,441 $6,518 $15,000 $13,503 $6,000 $4,163 $0 $0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 TTM Net Sales $67.1B 15
Slide 16: Appendix
amazon A Appendix
Slide 17: Free Cash Flow Reconciliation – TTM
Free Cash Flow Reconciliation – TTM MM Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Operating Cash Flow $67,213 $59,322 $54,671 $46,327 $39,324 Purchases of property and equipment, net of proceeds from sales and incentives (40,803) (47,176) (52,119) (55,396) (57,951) Free Cash Flow $26,410 $12,146 $2,552
Slide 18: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM
Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM MM Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Operating Cash Flow $67,213 $59,322 $54,671 $46,327 $39,324 Purchases of property and equipment, net of proceeds from (40,803) (47,176) (52,119) (55,39
Slide 19: Free Cash Flow Less Equipment Finance Leases and Principal Repayments Reconciliation – TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations Reconciliation – TTM MM Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Operating Cash Flow $67,213 $59,322 $54,671 $46,327 $39,324 Purchases of property and equipment, net of proceeds