Investor Deck January 2015 Safe Harbor Statement Statements in - PowerPoint PPT Presentation

Investor Deck – January 2015

Safe Harbor Statement Statements in this presentation regarding 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 statements may be identified by terms such as believe, expect, may, will, provide, could and should and the negative of these terms or other similar expressions. These forward looking statements include, but are not limited to, statements regarding success of the acquired IBM CRM business and related integration; our strategy, investments, liquidity and growth; expectations and trends regarding our revenues, net income and earnings per share; our performance; benefits of our business model; our competitive position; expectations and trends regarding our operating margins, profitability, ROIC, EBITDA, and cash flow; features, costs, and capabilities of our products and services; and market conditions and trends. These are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. Please refer to the documents filed with the Securities and Exchange Commission, specifically our most recent 10-Q, for information on risk factors that could cause actual results to differ materially from those discussed in these forward-looking statements. Statements included in this presentation are based upon information known to SYNNEX Corporation as of the date of presentation and SYNNEX Corporation assumes no obligation to update information contained in this presentation.

One Company: SYNNEX’ Integrated Suite of Services Technology Solutions Concentrix (IT Distribution and Hyve Solutions) Global Services focused Broad line and value add System integration on process optimization, distribution services for large scale data customer engagement Supply chain optimization, center deployment strategy, technology reverse logistics innovation and ecosystem performance 1

Facts About SYNNEX 2014 Ranked No. 260 on Fortune 500 Seasoned executive management team with average 20+ years tech/channel expertise >55,000 employees and 55 associates worldwide 2

Facts About SYNNEX 2014 Revenues of $13.8 billion A 28% increase over 2013 Celebrating 110 consecutive 4Q14 profitable quarters ; That’s >27 years! 110 Q Worldwide operations 3

FY14 and 4Q14 Highlights Exceptional Performance in FY14 --- a Banner Year  Revenue grew 28% to $13.8B with all segments/geos contributing  Technology Solutions grew 20% – 22% in constant currency  Non-GAAP Net Income up 48% with EPS increase of 44% to $6.16  Initiated quarterly dividend program in 4Q14 Concentrix Integration of IBM CRM Business Ahead of Plan  Integration essentially complete 1Q15 including switch from back office systems  Successfully transitioned clients and with increasing customer satisfaction  Now focused on streamlining processes/positioning for growth at or ahead of market  Key sales measures of base growth, renewals and new logos all on track Continued Excellent Consolidated Results in 4Q14  Revenue grew 25% with TS growing 16% organically – 18% in constant currency  Non-GAAP Operating Income grew 62% with OM up 74 bps from 2.53 to 3.27%  Concentrix EBITDA on track to exceed $120M target for first 12 months post Jan 2014 close  Trailing four quarter ROIC of 8.3% (10.7% excl. IBM acq/integration costs) 4

SYNNEX Technology Solutions

SYNNEX’ Hybrid Distribution Model for the Technology Industry Converged Solution Distribution Tech/Customer Support Partnered Cross-sell/Up-sell Design End Users Services With Resellers Sales Support Supply Chain 20,000 + Management Resellers / Consumers SYNNEX Hybrid System Integrators SMB Solutions Distribution Retailers / Corporate DMRs Public Sector Assembly And Test Differentiation Within Technology Distribution … Channel Solutions Beyond Technology Distribution  Hybrid Distribution model spans spectrum of value and  Outsourced provider of 3PL services to help OEMs volume optimize their supply chains  Business platforms enable emerging consumption  Significant and growing service capability in design, models, e.g., XaaS integration and professional services  Focused Go-To-Market strategy: Narrow but deep expertise in select industry verticals and tech platforms 5

SYNNEX Technology Solutions Segment Overview Global Technology Distributors Industry Revenue (1) ($bn) $250 SYNNEX FY2013 Revenue by Product $200 Networking Software 4% - 8% $150 Peripherals 6% - 10% 36 - 40% System $100 Components 15% - 19% 4% - 8% 9% - 13% 32% - 36% $50 29 - 33% 15% - 19% IT Systems $0 2011 2012 2013 2014 2015 2016 2016 global technology distributors industry revenue 30% - 34% expected to reach $223.2 billion (1) Source: MarketLine (June 2013) 6

Purpose-Built Data Center Solutions A new paradigm for computing  Cost-effective, energy-efficient servers and storage data center solutions built to actual workloads, yet scalable  Unique role in the innovative Open Compute Project  Easily deployed, customized data center solutions with integration of hardware, software, and services 7

Concentrix A Division of SYNNEX Corporation

SYNNEX Differentiators in Concentrix Segment A Global Business Services Company  Focused on an holistic approach to…  Process Optimization  Customer Engagement Strategy  Technology Innovation  Driving unique, transformational solutions for our clients within their ecosystem across 10 industry verticals Benefits to SYNNEX  Contribution of high-margin revenue  Value-added, strategic services to vendors and customers  Back-office sales and support to operations 9

Global Consistency, Local Intimacy Location matters, size matters, and best in class is now measured on a global scale but with local expertise 40+ 50,000+ Staff 25 Countries 300+ Clients Languages United Kingdom Canada Ireland Slovakia Hungary China Spain Bulgaria Japan Portugal United States South Korea UAE Hong Kong India Nicaragua Philippines Colombia Costa Rica Malaysia Singapore Brazil Australia Uruguay New Zealand 9 10

SYNNEX Differentiators in Concentrix Segment Data Campaign Management Automotive Management Demand Generation Cross-Media Banking and Direct Sales Marketing Financial Services Government and Process Public Sector Propensity Optimization To Buy Healthcare and Pharmaceutical Technical License Insurance Support Renewals Media and Communications Concierge / Cross-sell / Customer Retail and eCommerce Care Up-sell Back Office Loyalty Consumer Electronics Administration / Programs Billings Technology Web Service Revenue Production Generation Travel, Transportation Social Voice of the and Tourism Media Customer analysis 11

Shifting Mix to Value-Added Higher Margin Business Through Investments in Both Technology Solutions and Concentrix Segments Revenue Growth (1) Operating Margin (1) 5yr CAGR 2009-14 of 12% & FY14 up 28% OM up 90bps 2009-14 & FY14 up 57bps $13.8B 14,000 3.50% 2.94% 12,000 $10.8B 3.00% 10,000 2.37% 2.50% 8,000 2.00% 6,000 1.50% 4,000 1.00% 2,000 0.50% 0 0.00% 2009 2010 2011 2012 2013 2014 2009 2010 2011 2012 2013 2014 s (1) Fiscal Year Ended 11/30; Revenue CAGR and Operating Margin improvement calculated on full years 2009-2014; Operating Margin attributable to SYNNEX from Continuing Operations. Fiscal year 2014 and 2013 operating margin excludes $43.0M and $8.4M acquisition expenses and integration charges, respectively, primarily related to our announced acquisition of the IBM CRM unit. All years presented excluded amortization of intangibles. Please refer to Appendix for reconciliation of GAAP to non-GAAP financial measures 12

Investing in Mix Shift to Higher Margin Segments to Drive Long-term EPS and ROIC Growth ROIC (1,2) EPS Trend (1,3) 218 bps increase between 2009-14 5yr CAGR 2009-14 of 18% FY14 up 44% $7.00 12.0% Trend (1 10.7% $6.16 10.0% $6.00 10.0% $5.00 $4.28 8.0% $4.00 6.0% $3.00 4.0% $2.00 2.0% $1.00 $- 0.0% s 2009 2010 2011 2012 2013 2014 2009 2010 2011 2012 2013 2014 (1) Fiscal Year Ended 11/30; EPS CAGR and ROIC calculated on full fiscal years for continued operations. (2) ROIC %’s = fiscal trailing four quarters. FY13 and 3Q14 ROIC % excludes acquisition & integration expenses. (3) FY 14 and FY13 excluded impact from acquisition expenses and integration expenses of $0.70 and $0.16, respectively. FY13 excluded a one time numerator adjustment resulting in $0.97 dilution for convertible senior notes settlement. All years presented excluded amortization of intangibles. Please refer to Appendix for reconciliation of GAAP to non-GAAP financial measures 13