Safe Harbor Statement Statements in this presentation regarding - PowerPoint PPT Presentation

Raymond James S4 Conference – December 2014

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 and growth, expectations of our revenues, net income and diluted earnings per share, our performance, benefits of our business alliances, benefits of our business model, our competitive position, our expectations for our operating margins, profitability, ROIC, EBITDA, features 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 Form 10-K and 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 >50,000 employees and 50 associates worldwide 2

Facts About SYNNEX 2013 Revenues of $10.8 billion YTD 3Q14 Revenues > $10 billion Celebrating 109 consecutive 3Q14 profitable quarters ; That’s >27 years! 109 Q Worldwide operations 3

FQ3 2014 Highlights Continued Excellent Track Record  109 consecutive quarters of profitability  Strong results in both Technology Solutions & Concentrix segments  Trailing four quarter ROIC of 8.2% ( 10.6% excl. IBM acq/integration costs) Consistent Results in a Competitive Environment  Technology Solutions organic revenue growth of 19%  Successfully integrating transformative IBM CRM acquisition to capitalize on long-term growth opportunities  Focus and invest in higher growth, higher margin Technology Solutions segments and higher value Concentrix industry verticals Strong Balance Sheet and Liquidity (as of 8/31/2014)  Debt to capitalization of 38%  Excellent liquidity: > $400 million in cash/credit facilities to fund growth  Significant cash flow generation from IBM CRM acquisition 4

SYNNEX Technology Solutions

SYNNEX’ Hybrid Distribution Model for the Technology Industry Converged Solution Distribution Tech/Customer Support Cross-sell/Up-sell Design End Users Services Direct Sales 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 Solutions Distribution spans spectrum of value  Supply- chain management reduces manufacturer’s and volume distribution inventory and improves time-to-market  One-stop shop for CE and IT resellers  Demand generation enhances manufacturers’  Efficient go-to-market engine for manufacturers go-to-market strategies  Design and assembly services  Technical support 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

Channel Solutions for Real Business Challenges Investing in Value Added Solutions Vertical Practices Technology Practices 8

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 2008-13 of 7% & YTD 3Q14 up 28% OM up 41bps 2008-13 & YTD 3Q14 up 50bps ($MMs) 2.81% 3.00% $12,000 $10,500 $10.0B 2.31% $9,000 $7.8B 2.00% $7,500 $6,000 $4,500 1.00% $3,000 2008 2009 2010 2011 2012 2013 YTD YTD 2008 2009 2010 2011 2012 2013 YTD YTD s 3Q13 3Q14 3Q13 3Q14 (1) Fiscal Year Ended 11/30; Revenue CAGR and Operating Margin improvement calculated on full years 2008-2013; Operating Margin attributable to SYNNEX from Continuing Operations. Fiscal year 2013 operating margin excludes $8.4M acquisition expenses and integration charges primarily related to our announced acquisition of the IBM CRM unit. YTD 3Q13 excludes $5.9M amortization of intangibles and $2.6M one time acquisition and integration-related expenses, and YTD 3Q14 OM excludes $38.4M amortization of intangibles and $34.6M one time acquisition and integration-related expenses 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) 5yr Increase of 120bps between 2008-13 5yr CAGR 2008-13 of 13% YTD FY14 up 42% $5.00 12.0% Trend (1 $4.36 10.6% 10.0% $4.00 $3.08 8.0% $3.00 6.0% $2.00 4.0% $1.00 2.0% $- 0.0% 2008 2009 2010 2011 2012 2013 YTD YTD 2008 2009 2010 2011 2012 2013 3Q14 s 3Q13 3Q14 (1) Fiscal Year Ended 11/30; EPS CAGR and ROIC calculated on full fiscal years 2008-2013. (2) ROIC %’s = fiscal trailing four quarters. FY13 and 3Q14 ROIC % excludes acquisition & integration expenses. (3) FY13 EPS excludes $0.16 impact from acquisition expenses and integration expenses, and a one time numerator adjustment resulting in $0.97 dilution for convertible senior notes settlement. YTD FY13 excludes $0.10 impact of amortization of intangibles and $0.05 impact of one time acquisition and integration-related expenses. YTD FY14 excludes $0.63 impact of amortization of intangibles and $0.57 impact of one time acquisition and integration-related expenses Please refer to Appendix for reconciliation of GAAP to non-GAAP financial measures 13