Super Micro Computer, Inc. - FORM 8-K - EX-99.2 - SLIDES - August 2, 2011

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GPU Solutions
Universal I/O
Double-Sided
Datacenter
Optimized
Twin Architecture
SuperBlade
®
Storage
4th Quarter Fiscal 2011
Earnings Conference Presentation
August 2, 2011
Exhibit 99.2

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 expected
financial and operating results, our ability to build and grow Supermicro, the benefit of our products
and our ability to achieve our goals, plans and objectives.
Such forward-looking statements do not constitute guarantees of future performance and are subject
to a variety of risks and uncertainties that could cause our actual results to differ materially from those
anticipated. These include, but are not limited to: our dependence on continued growth in the markets
for X86 based servers, blade servers and embedded applications, increased competition, difficulties
of predicting timing of new product introductions, customer acceptance of new products, difficulties in
establishing and maintaining successful relationships with our distributors and vendors, shortages or
price fluctuations in our supply chain, our ability to protect our intellectual property rights, our ability to
control the rate of expansion domestically and internationally, difficulty managing rapid growth and
general political, economic and market conditions and events.
For a further list and description of risks and uncertainties, see the reports filed by Supermicro with
the
Securities
and
Exchange
Commission.
Supermicro
disclaims
any
intention
or
obligation
to
update
or revise any forward-looking statements, whether as a result of new information, future events or
otherwise. Supplemental information, condensed balance sheets and statements of operations follow.
All monetary amounts are stated in U.S. dollars.

3
Non-GAAP Financial Measures
Non-GAAP gross margin in this presentation excludes stock-based compensation expense and
accrued customs fee for prior periods. Non-GAAP net income and net income per share in this
presentation exclude stock-based compensation expense, accrued customs fee for prior periods, a
provision
for
litigation
costs
and
the
related
tax
effect
of
the
applicable
items.
Management
presents
non-GAAP financial measures because it considers them to be important supplemental measures of
performance. Management uses the non-GAAP financial measures for planning purposes, including
analysis
of
the
Company's
performance
against
prior
periods,
the
preparation
of
operating
budgets
and to determine appropriate levels of operating and capital investments.
Management also believes that non-GAAP financial measures provide additional insight for analysts
and investors in evaluating the Company's financial and operational performance. However, these
non-GAAP financial measures have limitations as an analytical tool, and are not intended to be an
alternative to financial measures prepared in accordance with GAAP.
Pursuant to the requirements of SEC Regulation G, detailed reconciliations between the Company's
GAAP and non-GAAP financial results is provided at the end of the press release that was issued
announcing
the
Company’s
operating
and
financial
results
for
the
quarter
ended
June
30,
2011.
In
addition, a reconciliation from GAAP to non-GAAP results is contained in the financial summary
attached to today’s presentation and is available in the Investor Relations section of our website at
www.supermicro.com
in the Events and Presentations section. Investors are advised to carefully
review and consider this information as well as the GAAP financial results that are disclosed in the
Company's SEC filings.

4
Q4’FY2011 Non-GAAP Financial Highlights
(in millions, except per share data)
Q4'11
YoY
Sequential
Revenue
$260.3
29.1%
11.1%
Profit after Tax
$13.0
43.1%
5.9%
EPS
$0.29
38.1%
4.0%
Change

5
Summary of Results
Revenue was $260 million and 29% higher than last year
Project based systems revenues were up again to 40% with 
sales to OEM and direct customers reaching 49%
Internet datacenter sales were 16% of revenue
Storage, Blades and GPU revenue were up sequentially
and grew significantly year over year
Sales in the United States increased sequentially to 63%,
while Asia remained strong and Europe was weaker
Component pricing, especially memory, weakened margins
Investment continued to update technology for the launch
of newer processors
Significant progress made on our facility in Taiwan

Leading Application Optimized Solutions
Sandy Bridge / Romley Solutions in Sample
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)
Fat Twin Architecture coming soon (418, 424, 442, 414)
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 optimized product lines (1U, 2U and 4U)
1U, 2U New High Density GPU product line
Extreme performance for calculation-intensive applications
IPC and Embedded Applications
Many design wins with compact form factor solutions
Atom and Core-based low power server: fan-less / long life
cycle, for embedded and server appliances
Workstation and High-end Desktop Solutions
Optimized for Sandy Bridge UP/ Near-silent in operation (21dB)
Twin Architectures
TwinBlade™
Industrial Solution
GPU Blade
GPU-optimized
Workstation

Front
Back
Super-SBB
Double-Sided Storage
1U / 4-way
5U / 8-way
SuperRack
MicroCloud
Leading Application Optimized Solutions
High Efficiency Power
HPC/Enterprise 8-way/4-way Systems
8-way
5U
high-end
high-margin
solution
–
80
cores
and
2TB
Nehalem-EX MP and G34 MP system in 1U/2U/4U
Storage Product Lines
Double-Sided, Super SBB product line with software solutions
Hadoop / HPCC
SuperRack™
Double side access, cable management, water cooling
Switch Products: 10GbE, IB, FCoE
10GbE onboard and 10GbE standalone switch
FCoE solution coming soon
MicroCloud™
Optimized for IaaS
Power Subsystems
High efficiency (94%+), digital switching, battery backup
Software Opportunities
Remote management, power management
HPC/DC management toolset (DCM & SSM)
Window OS Integration/Bundle

8
Revenue Trend
Y/Y
63.4%
39.5%
32.3%
23.8%
29.1%
Seq.
6.5%
2.7%
16.2%
-2.7%
11.1%
$’s millions
250
200
150
100
50
0
300

9
Revenue Analysis

10
Non-GAAP Gross Margins

11
Non-GAAP Gross Profit

12
Summary P&L non-GAAP
(in millions, except per share data)
Q4'11
YoY
Sequential
Q4'10
Q3'11
Operating Expense
$22.7
$4.7
$1.9
$18.0
$20.8
Operating Expense Ratio
8.7%
-0.2%
-0.2%
8.9%
8.9%
Operating Income
$17.7
$4.7
$0.5
$13.1
$17.2
Net Income
$13.0
$3.9
$0.7
$9.1
$12.3
EPS
$0.29
$0.08
$0.01
$0.21
$0.28
Diluted Common Share Count
44.9
43.7
44.0
Effective Quarterly
Tax Rate
26.0%
30.2%
28.3%
Change

13
Q4 FY2011 YTD Summary Statement of Cash Flows
($’s millions)
12 Months Ended
12 Months Ended
30-Jun-11
30-Jun-10
Net Income
$40.2
$26.9
Depreciation and amortization
$5.5
$4.6
Stock comp expense (FAS 123R)
$8.1
$6.5
Other reserves
$9.6
$2.9
Net change in AR, Inventory, AP
-$62.7
-$59.7
Other prepaids and liabilities
$7.8
$16.6
Cash flow from operations
$8.5
-$2.2
Capital expenditures
-$25.4
-$22.2
Free cash flow
-$16.9
-$24.4
Net cash  - investing activities
$0.6
$10.4
Net cash - financing activities
$13.6
$16.3
Net change in cash 
-$2.7
$2.3

14
Q4 FY 2011 Summary of Balance Sheet Metrics
($’s millions)
Q4'11
Q3'11
Change
Cash Equivalents & Investments
75.2
$        
73.5
$   
1.7
$    
Accounts Receivable
85.0
$        
79.8
$   
5.2
$    
Inventory
192.7
$      
205.6
$ 
(12.9)
$ 
Accounts Payable
113.3
$      
128.5
$ 
(15.2)
$ 
DSO
29
31
-2
DIO
83
92
-9
DPO
51
64
-13
Cash Cycle Days
61
59
2

15
Supplemental Financials
Fourth Quarter Fiscal 2011
Ended June 30, 2011

16
Non-GAAP Financial Summary
(in millions, except per share data)
Q4'11
Q3'11
Q4'10
Net Sales
260.3
$    
234.3
$   
201.7
$  
Non-GAAP Gross Margin
15.5%
16.2%
15.4%
Non-GAAP Operating Expenses
22.7
$      
20.8
$     
18.0
$    
Non-GAAP Operating Income
17.7
$      
17.2
$     
13.1
$    
Non-GAAP Net Income
13.0
$      
12.3
$     
9.1
$      
Non-GAAP Net Income per share
0.29
$      
0.28
$     
0.21
$    
Fully diluted shares for calculation
44.9
44.0
43.7

17
Prior Period Net Income Comparisons
(in millions, except per share data)
Q4'11
Q3'11
Q4'10
Net Income (GAAP)
10.7
$      
10.7
$     
7.7
$      
FAS123R & Other Unusual Expense (tax affected)
2.3
$        
1.6
$       
1.4
$      
Net Income (Non-GAAP)
13.0
$      
12.3
$     
9.1
$      
Diluted Net Income per common share (GAAP)
0.24
$      
0.25
$     
0.18
$    
FAS123R & Other Unusual Expense (tax affected)
0.05
$      
0.03
$     
0.03
$    
Diluted Net Income per share (Non-GAAP)
0.29
$      
0.28
$     
0.21
$    
Shares used in diluted EPS calculation
44.9
44.0
43.7

18
Q4 FY 2011 GAAP to Non-GAAP Reconciliation
(in millions, except per share data)
FAS123R &
Q4'11
Q4'11 GAAP
Other Unusual
Non-GAAP
Results
Expenses
Results
Net Sales
260.3
$         
-
$                 
260.3
$         
Cost of Sales
220.3
$         
0.4
$                 
219.9
$         
Gross Profit
40.0
$           
0.4
$                 
40.5
$           
Operating Expense
25.4
$           
2.7
$                 
22.7
$           
Operating Income
14.6
$           
3.1
$                 
17.7
$           
Interest, net
(0.2)
$            
-
$                 
(0.2)
$            
Income Before Tax
14.4
$           
3.1
$                 
17.5
$           
Income Tax
3.7
$             
0.9
$                 
4.6
$             
Net Income
10.7
$           
2.3
$                 
13.0
$           
Diluted Net Income per share
0.24
$           
0.05
$               
0.29
$           
Diluted shares used in GAAP and
Non-GAAP per share calculation
43.7
44.9
44.9

19
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
$           
Operating Income
15.2
$           
2.1
$                   
17.2
$           
Interest, net
(0.1)
$            
-
$                 
(0.1)
$            
Income Before Tax
15.0
$           
2.1
$                   
17.1
$           
Income Tax
4.3
$              
0.5
$                   
4.8
$              
Net Income
10.7
$           
1.6
$                   
12.3
$           
Diluted Net Income per share
0.25
$           
0.03
$               
0.28
$           
Diluted shares used in GAAP and
Non-GAAP per share calculation
42.9
44.0
44.0

20
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
$            
Operating Income
16.9
$            
1.8
$                 
18.8
$            
Interest, net
(0.2)
$            
-
$                 
(0.2)
$            
Income Before Tax
16.8
$            
1.8
$                 
18.6
$            
Income Tax
5.2
$              
(0.1)
$                
5.3
$              
Net Income
11.6
$            
1.8
$                 
13.3
$            
Diluted Net Income per share
0.27
$            
0.04
$               
0.31
$            
Diluted shares used in GAAP and
Non-GAAP per share calculation
41.6
42.7
42.7

21
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
$           
Operating Income
12.0
$           
2.6
$                   
14.6
$           
Interest, net
(0.1)
$            
-
$                 
(0.1)
$            
Income Before Tax
11.9
$           
2.6
$                   
14.4
$           
Income Tax
4.7
$              
(0.5)
$                
5.2
$              
Net Income
7.2
$              
2.1
$                   
9.3
$              
Diluted Net Income per share
0.17
$           
0.05
$               
0.22
$           
Diluted shares used in GAAP and
Non-GAAP per share calculation
41.4
42.7
42.7

22
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
$           
Operating Income
11.4
$           
1.7
$                   
13.1
$           
Interest, net
(0.1)
$            
-
$                 
(0.1)
$            
Income Before Tax
11.3
$           
1.7
$                   
13.0
$           
Income Tax
3.6
$              
(0.3)
$                
3.9
$              
Net Income
7.7
$              
1.4
$                   
9.1
$              
Diluted Net Income per share
0.18
$           
0.03
$               
0.21
$           
Diluted shares used in GAAP and
Non-GAAP per share calculation
42.2
43.7
43.7

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