Slide 1: 3rd Quarter Fiscal 2011 Earnings Conference Presentation
GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage 3rd Quarter Fiscal 2011 Earnings Conference Presentation April 26, 2011 Exhibit 99.2 GPU Solutions Universal I/O Double-Sided Datacenter Optimized Twin Architecture SuperBlade ® Storage
Slide 2: Safe Harbor Statement
2 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 expec
Slide 3: Non-GAAP Financial Measures
3 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, a provision for litigation costs and the related tax effect of the applicab
Slide 4: Q3'FY2011 Non-GAAP Financial Highlights
4 Q3’FY2011 Non-GAAP Financial Highlights (in millions, except per share data) Q3'11 YoY Sequential Revenue $234.3 23.8% -2.7% Profit after Tax $12.3 37.2% -8.1% EPS $0.28 32.7% -10.1% Change
Slide 5: Summary of Results
5 Summary of Results Revenue was $234 million and 24% higher than last year Component revenues offset system solutions which are project based Storage sales were up nearly 50% over the previous quarter Blades grew again and are now 279% higher than last year Asia revenue was 20% of total revenue and
Slide 6: SUPERMICR
SUPERMICR
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Slide 9: Leading Products
Leading Products Twin Architecture 2U Twin (6x 3.5” HDD or 12x 2.5” HDD per node) 1U Twin, 2U Twin², 2U Twin³ (8 nodes in 2U) SuperBlade™ - GPU Blade and TwinBlade™ GPU blade (20GPUs in 7U, most dense in the industry) 20/28 DP nodes in 7U, support 40Gb/s Infiniband or 10G Ethernet connectivity GPU o
Slide 10: SUPERMICR
SUPERMICR
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Slide 13: Leading Products
Leading Products Enterprise 8-way/4-way Systems 8-way 5U high-end high-margin solution – cores and 2TB of memory per system Nehalem-EX MP and G34 MP system in 1U/2U/4U HPC application needs as well as enterprise market Storage product line expansion Higher density storage subsystems: Double-Sided Su
Slide 14: Revenue Comparables
8 Revenue Comparables Y/Y 72.8% 63.4% 39.5% 32.3% 23.8% Seq. 4.0% 6.5% 2.7% 16.2% -2.7%
Slide 15: Supermicro Subsystems/System Revenue
Supermicro Subsystems/System Revenue #039;s millions 310 aso anit 241 a3't1 @Subsystems aSystems UPERMICR
Slide 16: Gross margin trend
yermicra 2011 17.0% 14.0% 0310 410 arnt a2 a3 SUPERMICR
Slide 17: Gross Profit
$50.0 $40.0 $30.0 $20.0 $10.0 340 ast Gross Profit #039;s millions ann 311 UPERMICR
Slide 18: Summary P&L non-GAAP
12 Summary P&L non-GAAP (in millions, except per share data) Q3'11 YoY Sequential Q3'10 Q2'11 Operating Expense $20.8 $3.5 -$0.8 $17.3 $21.6 Operating Expense Ratio 8.9% -0.2% -0.1% 9.1% 9.0% Operating Income $17.2 $5.2 -$1.5 $12.1 $18.8 Net Income $12.3 $3.3 -$1.1 $8.9 $13.3 EPS $0.28 $0.07 -$0.03
Slide 19: SUPERMICR
SUPERMICR
Slide 20: SUPERMICR
SUPERMICR
Slide 21: Supplemental Financials
15 Supplemental Financials Third Quarter Fiscal 2011 Ended March 31, 2011
Slide 22: Non-GAAP Financial Summary
16 Non-GAAP Financial Summary (in millions, except per share data) Q3'11 Q2'11 Q3'10 Net Sales 234.3 $ 240.8 $ 189.3 $ Non-GAAP Gross Margin 16.2% 16.8% 15.5% Non-GAAP Operating Expenses 20.8 $ 21.6 $ 17.3 $ Non-GAAP Operating Income 17.2 $ 18.8 $ 12.1 $ Non-GAAP Net Income 12.3 $ 13.3 $ 8.9 $ Non-G
Slide 23: Prior Period Net Income Comparisons
17 Prior Period Net Income Comparisons (in millions, except per share data) Q3'11 Q2'11 Q3'10 Net Income (GAAP) 10.7 $ 11.6 $ 7.7 $ FAS123R & Other Unusual Expense (tax affected) 1.6 $ 1.8 $ 1.2 $ Net Income (Non-GAAP) 12.3 $ 13.3 $ 8.9 $ Diluted Net Income per common share (GAAP) 0.25 $ 0.27 $ 0.18
Slide 24: Q3 FY 2011 GAAP to Non-GAAP Reconciliation
18 Q3 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q3'11 Q3'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 234.3 $ - $ 234.3 $ Cost of Sales 196.4 $ 0.2 $ 196.2 $ Gross Profit 37.9 $ 0.2 $ 38.1 $ Operating Expense 22.7 $ 1.9 $ 20.8 $ Opera
Slide 25: Q2 FY 2011 GAAP to Non-GAAP Reconciliation
19 Q2 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q2'11 Q2'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 240.8 $ - $ 240.8 $ Cost of Sales 200.6 $ 0.2 $ 200.5 $ Gross Profit 40.2 $ 0.2 $ 40.4 $ Operating Expense 23.3 $ 1.7 $ 21.6 $ Opera
Slide 26: Q1 FY 2011 GAAP to Non-GAAP Reconciliation
20 Q1 FY 2011 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q1'11 Q1'11 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 207.2 $ - $ 207.2 $ Cost of Sales 174.1 $ 0.2 $ 173.9 $ Gross Profit 33.0 $ 0.2 $ 33.2 $ Operating Expense 21.0 $ 2.4 $ 18.7 $ Opera
Slide 27: Q4 FY 2010 GAAP to Non-GAAP Reconciliation
21 Q4 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q4'10 Q4'10 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 201.7 $ - $ 201.7 $ Cost of Sales 170.8 $ 0.2 $ 170.6 $ Gross Profit 30.9 $ 0.2 $ 31.1 $ Operating Expense 19.5 $ 1.5 $ 18.0 $ Opera
Slide 28: Q3 FY 2010 GAAP to Non-GAAP Reconciliation
22 Q3 FY 2010 GAAP to Non-GAAP Reconciliation (in millions, except per share data) FAS123R & Q3'10 Q3'10 GAAP Other Unusual Non-GAAP Results Expenses Results Net Sales 189.3 $ - $ 189.3 $ Cost of Sales 160.0 $ 0.1 $ 159.9 $ Gross Profit 29.3 $ 0.1 $ 29.4 $ Operating Expense 18.7 $ 1.4 $ 17.3 $ Opera