SlideShare a Scribd company logo
1 of 12
Download to read offline
SYNNEX (NYSE: SNX)
        Investor Presentation

               November 2008
Safe Harbor

 This presentation may contain forward-looking statements that involve risks and uncertainties.
 These forward looking statements include, but are not limited to, statements regarding our
 general economic conditions and any weakness in IT spending; the loss or consolidation of one
 or more of our significant OEM suppliers or customers; market acceptance and product life of the
 products we assemble and distribute; competitive conditions in our industry and their impact on
 our margins; pricing, margin and other terms with our OEM suppliers; our ability to gain market-
 share; variations in supplier-sponsored programs; changes in our costs and operating expenses;
 changes in foreign currency exchange rates; risks associated with our international operations;
 uncertainties and variability in demand by our reseller and contract assembly customers; supply
 shortages or delays; any termination or reduction in our floor plan financing arrangements; risks
 associated with our contract assembly; the strength of our banking / credit relationships and the
 financial quality of those financial institutions; business credit exposure to our reseller customers
 and possible trends in their businesses. These statements are subject to risks and uncertainties
 that could cause actual results to differ materially from those discussed in these forward-looking
 statements.

 For a discussion of the factors that could cause actual results to differ, please refer to our most
 recent form 10-Q under the section listed as β€œRisk Factors”. Except as required by law, we
 undertake no obligation to update or revise publicly any forward-looking statements after the date
 of this presentation.




                                                  2
SYNNEX Overview

 Leading Business Process Services                            We offer OEMs and VARs an integrated
 Company                                                         suite of Business Process Services
                                                               comprising: IT distribution, supply chain
 Value-Add Supply Chain Solutions
                                                                 management, contract assembly and
 –   Core IT distribution services
                                                                    business process outsourcing.
 –   Supply chain management/contract assembly services
 –   Business process outsourcing
 Distinct, Efficient and Low-Cost Business                                Demand generation,
 Model                                                                  tech/customer support

 Seasoned Executive Management Team with
 an Average of 20 Years Direct Industry
 Experience
 North American Market Focus                                                  Core IT
                                                                            distribution
 Fortune 500 Company
                                                                              services
 27 Years of Operating History
 FY 2007 Revenues of $7.0 Billion
 Consistent Performer: 85 Consecutive                                 Supply chain management
                                                                         services / Contract
 Profitable Quarters
                                                                         assembly services
 Established Long-Standing Industry
 Relationships



                                                          3
SYNNEX Enables the IT Supply Chain

                                                  Technical Support
    100 + IT OEMs
                              Supply Chain                                       15,000 +
                              Management
                                                                                Resellers /
                                                                                                     End Users
                                                                                Retailers /
                                                                                  DMRs
                                Contract
                                                      Distribution
                                Assembly


                                                  Demand Generation

 Business Process Services: expanding our value proposition beyond IT Distribution
    Business Process Outsourcing Services Further Enhance the Value of SYNNEX and the Indirect Distribution Channel
    for OEM Vendors by Interfacing with Resellers, Retailers and Even End Users on Behalf of OEMs and Our Customers
      –   Demand generation services drive increased sales for OEM partners and VAR customers
      –   Technical support services enhance value to OEM suppliers and increase our product knowledge & support
    Integrated Business Process Services: Supply Chain Management, Contract Manufacturing and Business Process
    Outsourcing Services Combine to Increase β€˜Stickiness’ of Vendor Relationships




                                                        4
Business Process Services Model & Cost Efficient Operations Drive
Superior Margin

   Increasing gross margins combined with efficient                         SYNNEX Margin Trends Over Time
     SG&A cost control yield expanding operating
                 margins for SYNNEX
 Business Process Services Model
      RGC and PC Wholesale Acquisitions and Adjacent Market
      Expansion Positively Impacting Gross Margins for IT
      Distribution Services
      Margin Profiles for BPO Services are Substantially Higher
      than for Traditional IT Distribution Services
        –    Gross margins in the 30% to 50% range
 Proprietary IT System
      Purpose-Built ERP System Offers More Flexibility for Sales
      Force and Management
        –    Transparency to all levels of the organization
        –    Real-time data access for efficient decision making
                                                                                                                              CY2007 1                  Latest Quarter
                                                                                                                              Operating                   Operating
      Supported by Approximately 160 SYNNEX Software
                                                                                                                               Margin                      Margin
      Engineers in Low Cost China Region
             Preferred alternative to 3rd party ERP system
        –
                                                                                                                                 1.64%                        1.93%
Offshoring of Back Office Functions
      Utilizes Low-cost Solution Across Multiple Functions:                                                                      1.41%                        0.87%
        –    Financial operations       –     Call center operations
        –    Purchasing                 –     Sales support
                                                                                                                                 0.96%                        0.73%

                                                                           Note:
                                                                           1   Operating income margins for CY2007 based on latest twelve months ended 11/30/07 (SNX), 12/29/07 (IM)
                                                                               and 1/31/08 (TECD) and excludes restructuring and loss on disposal charges for SNX, IM and TECD of
                                                                               ($2.7mm), $1.1mm, and ($30.6mm) , respectively. GAAP reported operating income margins for SNX, IM and
                                                                               TECD were 1.60%, 1.27%, and 0.80% respectively.

                                                                       5
SYNNEX has a Stable Business Model and Healthy Financial Position


 β–  Strong Management Leadership & Experience
 β–  Proven Low-Cost Business Model
 β–  Focused Execution
 β–  Good Balance Sheet Management & Liquidity
 β–  Strong Established Banking Relationships With Leading Lenders




                                     6
Strong Financial Performance

 Strong and Consistent Revenue Growth 1                                                     Operating Income Growing Faster than Revenue 2

                                                                                                            $120.0
             $8.0
                                                                                                                                                               $112.1

                                                                        $7.0
                                                                                                                                                 .4%
                                               .5%
             $7.0
                                                                                                                                               18
                                             15
                                           =                                                                                                           $96.2
                                                                                                                                             =
                                                                                                            $100.0
                                                          $6.3
                                      GR                                                                                                 R
                                                                                                                                      AG
                                   CA                                                                                             C
             $6.0                             $5.6
                                                                                                                                              $78.9
                                                                                                                              $77.7
                                $5.2                                                                         $80.0
             $5.0




                                                                                                  (US$mm)
   (US$bn)




                    $3.9                                                                                             $57.0
                                                                                                             $60.0
             $4.0



             $3.0
                                                                                                             $40.0


             $2.0

                                                                                                             $20.0
             $1.0



                                                                                                              $0.0
             $0.0
                                                                                                                     2003     2004            2005     2006    2007
                    2003       2004           2005        2006          2007



                           Note:
                           1   SYNNEX’s fiscal year ends on November 30th
                           2   Operating income from continuing operations before non-operating items, income taxes and minority interest
                                                                                       7
Improving ROIC and EPS Growth

                                                                                                                                                                           1
ROIC focus driving recent ROIC expansion1                                                                                   Consistent Quarterly Diluted EPS Growth
  12.0%
                                                                                                                                         Quarter over Quarter Comparison
                  Quarter over Quarter Comparison
  11.0%
                                             Prior Year          Current Year

  10.0%

                                                                                              NAE
   9.0% 8.9%                                                           8.9%

                                                                                                                 8.3%
               8.1%                                             8.1%
                                                  7.9%
   8.0%                                                                              7.8%
                      7.5%          7.4%                                                                  7.3%
                                                         7.3%                               7.3%
                                           7.3%                                                    7.2%
                                                                              6.9%
                             6.9%
   7.0%


   6.0%


   5.0%


   4.0%


   3.0%


   2.0%


   1.0%


   0.0%


                                                                                                                                                  2007               2008
                                             2007                                            2008
          2006                                                                                                                    2006

                        Note:
                        1      SYNNEX’s fiscal year ends on November 30th


                                                                                                                        8
Healthy, Optimal, Capital Structure

Five Year Equity Growth                                                      Consistent Total Debt to Capital Management Range**
  $900.0



  $800.0



  $700.0                                                        $670.0

                                                       $604.6
  $600.0

                                            $511.5
 ) $500.0
 n
 b                                $437.2
 $
 S
 U
 (
   $400.0               $369.7



  $300.0
             $252.8


  $200.0



  $100.0



    $0.0
              2003      2004      2005       2006      2007     2008*




   * Represents partial year results through last quarter                        * Represents partial year results through last quarter
                                                                                ** Total debt includes working capital flex lines


                                                                         9
EBITDA Growth Paces With Revenue

 Strong and Consistent Revenue Growth 1                                           Strong and Consistent EBITDA Growth 1

           $8.0


                                                                $7.0
                                                                                                                   %
           $7.0
                                         .5%                                                                    4.8
                                       15                                                                     =1
                                                    $6.3
                                     =
                                                                                                         GR
                                GR
                                                                                                    CA
                          CA
           $6.0                         $5.6

                         $5.2
           $5.0
 (US$bn)




                  $3.9
           $4.0



           $3.0



           $2.0



           $1.0



           $0.0
                  2003   2004           2005       2006         2007



                          Note:
                          1     SYNNEX’s fiscal year ends on November 30th


                                                                             10
Key Investment Highlights

                                           - Business process services company
 Effective Business
                      - Uniquely offering one-stop access to IT distribution, supply chain management,
        Model
                                            contract assembly and BPO services


                                              - Industry leading cost structure
   Cost Efficient
                        - Proprietary IT platform and offshore back-office functions to control SG&A
    Operations
                               costs and contribute to continued operating margin expansion


                               - Focused execution drives industry leading operating margins
  Strong Financial
                                      - Healthy balance sheet with very good liquidity
    Performance
                                   - Continuous healthy growth trends in ROIC and EPS

                             - Good organic growth opportunities including growth in profitable
                                                  adjacent end markets
 Attractive Growth
   Opportunities           - Targeted acquisition strategy emphasizes value creation, ROIC and
                            complementary BPO Services to drive growth and improve margins



                                               11
Thank you for your time today.

More Related Content

What's hot

Product Portfolio Usp June 2009
Product Portfolio Usp June 2009Product Portfolio Usp June 2009
Product Portfolio Usp June 2009
TrendIC
Β 
IFS Marget Segment Overview
IFS Marget Segment OverviewIFS Marget Segment Overview
IFS Marget Segment Overview
daeager
Β 
M Life 2009 Modern Government And Mobility Eduardo Fernandez Rojo
M Life 2009 Modern Government And Mobility   Eduardo Fernandez RojoM Life 2009 Modern Government And Mobility   Eduardo Fernandez Rojo
M Life 2009 Modern Government And Mobility Eduardo Fernandez Rojo
Ed Fernandez
Β 
Fujitsu Vendor Collaboration Suite
Fujitsu Vendor Collaboration SuiteFujitsu Vendor Collaboration Suite
Fujitsu Vendor Collaboration Suite
Shijo Thomas
Β 
Gordon baisley - eircom - Introducing the EDM role with www.softtest.ie
Gordon baisley - eircom - Introducing the EDM role with www.softtest.ieGordon baisley - eircom - Introducing the EDM role with www.softtest.ie
Gordon baisley - eircom - Introducing the EDM role with www.softtest.ie
David O'Dowd
Β 
MphasiS Annual Report - 2012
MphasiS Annual Report - 2012MphasiS Annual Report - 2012
MphasiS Annual Report - 2012
Mphasis
Β 
Dharani : Pulse 2010
Dharani : Pulse 2010Dharani : Pulse 2010
Dharani : Pulse 2010
Shanker Sareen
Β 
21 st century logitics
21 st century logitics21 st century logitics
21 st century logitics
abiolao2
Β 

What's hot (18)

Product Portfolio Usp June 2009
Product Portfolio Usp June 2009Product Portfolio Usp June 2009
Product Portfolio Usp June 2009
Β 
IFS Marget Segment Overview
IFS Marget Segment OverviewIFS Marget Segment Overview
IFS Marget Segment Overview
Β 
M Life 2009 Modern Government And Mobility Eduardo Fernandez Rojo
M Life 2009 Modern Government And Mobility   Eduardo Fernandez RojoM Life 2009 Modern Government And Mobility   Eduardo Fernandez Rojo
M Life 2009 Modern Government And Mobility Eduardo Fernandez Rojo
Β 
Altitude Presentation
Altitude PresentationAltitude Presentation
Altitude Presentation
Β 
Contact Center Conference Romania May 2004
Contact Center Conference Romania May 2004Contact Center Conference Romania May 2004
Contact Center Conference Romania May 2004
Β 
Step Fwd It
Step Fwd ItStep Fwd It
Step Fwd It
Β 
ITSMF canada omnitracker article
ITSMF canada omnitracker articleITSMF canada omnitracker article
ITSMF canada omnitracker article
Β 
Breakthrough reporting, analysis and planning tools for midsize companies.
Breakthrough reporting, analysis and planning tools for midsize companies.Breakthrough reporting, analysis and planning tools for midsize companies.
Breakthrough reporting, analysis and planning tools for midsize companies.
Β 
ERP Education Solution-TCSiON
ERP Education Solution-TCSiONERP Education Solution-TCSiON
ERP Education Solution-TCSiON
Β 
Sip Empowering Enterprise Screen
Sip Empowering Enterprise ScreenSip Empowering Enterprise Screen
Sip Empowering Enterprise Screen
Β 
M2MSys BPM Executive Summary
M2MSys BPM Executive SummaryM2MSys BPM Executive Summary
M2MSys BPM Executive Summary
Β 
Fujitsu Vendor Collaboration Suite
Fujitsu Vendor Collaboration SuiteFujitsu Vendor Collaboration Suite
Fujitsu Vendor Collaboration Suite
Β 
Walking on the Cloud
Walking on the Cloud Walking on the Cloud
Walking on the Cloud
Β 
Gordon baisley - eircom - Introducing the EDM role with www.softtest.ie
Gordon baisley - eircom - Introducing the EDM role with www.softtest.ieGordon baisley - eircom - Introducing the EDM role with www.softtest.ie
Gordon baisley - eircom - Introducing the EDM role with www.softtest.ie
Β 
MphasiS Annual Report - 2012
MphasiS Annual Report - 2012MphasiS Annual Report - 2012
MphasiS Annual Report - 2012
Β 
Reducing Opex to fund Innovation
Reducing Opex to fund InnovationReducing Opex to fund Innovation
Reducing Opex to fund Innovation
Β 
Dharani : Pulse 2010
Dharani : Pulse 2010Dharani : Pulse 2010
Dharani : Pulse 2010
Β 
21 st century logitics
21 st century logitics21 st century logitics
21 st century logitics
Β 

Similar to snx ubs

IAOP_Impacting Business Outcomes Through Cloud-Based Service Delivery
IAOP_Impacting Business Outcomes Through Cloud-Based Service DeliveryIAOP_Impacting Business Outcomes Through Cloud-Based Service Delivery
IAOP_Impacting Business Outcomes Through Cloud-Based Service Delivery
prem_slideshare
Β 
Ergo - IT Infrastructure Overview Brochure
Ergo - IT Infrastructure Overview BrochureErgo - IT Infrastructure Overview Brochure
Ergo - IT Infrastructure Overview Brochure
ffurlong
Β 
TCS ION Brouchre Manufacturing
TCS ION Brouchre ManufacturingTCS ION Brouchre Manufacturing
TCS ION Brouchre Manufacturing
VINIT MUNDHRA
Β 
OrchestratedFuel - SAP for Petroleum Distributors and Suppliers
OrchestratedFuel - SAP for Petroleum Distributors and SuppliersOrchestratedFuel - SAP for Petroleum Distributors and Suppliers
OrchestratedFuel - SAP for Petroleum Distributors and Suppliers
OrchestratedFuel
Β 
Transforming it processes and culture to assure service quality
Transforming it processes and culture to assure service qualityTransforming it processes and culture to assure service quality
Transforming it processes and culture to assure service quality
Hemant Nagar
Β 

Similar to snx ubs (20)

Hp Bto Bsa
Hp Bto BsaHp Bto Bsa
Hp Bto Bsa
Β 
Newgen Corporate Brochure
Newgen Corporate BrochureNewgen Corporate Brochure
Newgen Corporate Brochure
Β 
Brochure Greenfield June2010[1]
Brochure Greenfield June2010[1]Brochure Greenfield June2010[1]
Brochure Greenfield June2010[1]
Β 
IAOP_Impacting Business Outcomes Through Cloud-Based Service Delivery
IAOP_Impacting Business Outcomes Through Cloud-Based Service DeliveryIAOP_Impacting Business Outcomes Through Cloud-Based Service Delivery
IAOP_Impacting Business Outcomes Through Cloud-Based Service Delivery
Β 
Pearl Logic Services
Pearl Logic ServicesPearl Logic Services
Pearl Logic Services
Β 
Westcon Telco business presentation
Westcon Telco business presentationWestcon Telco business presentation
Westcon Telco business presentation
Β 
Ergo - IT Infrastructure Overview Brochure
Ergo - IT Infrastructure Overview BrochureErgo - IT Infrastructure Overview Brochure
Ergo - IT Infrastructure Overview Brochure
Β 
IDBI Intech - Cash flow management solution
IDBI Intech - Cash flow management solutionIDBI Intech - Cash flow management solution
IDBI Intech - Cash flow management solution
Β 
TCS ION Brouchre Manufacturing
TCS ION Brouchre ManufacturingTCS ION Brouchre Manufacturing
TCS ION Brouchre Manufacturing
Β 
Salesforce Solution For Software Industry
Salesforce Solution For Software IndustrySalesforce Solution For Software Industry
Salesforce Solution For Software Industry
Β 
Using BPM for Agility in a Globalised World
Using BPM for Agility in a Globalised WorldUsing BPM for Agility in a Globalised World
Using BPM for Agility in a Globalised World
Β 
Application Management by Siemens
Application Management by SiemensApplication Management by Siemens
Application Management by Siemens
Β 
OrchestratedFuel - SAP for Petroleum Distributors and Suppliers
OrchestratedFuel - SAP for Petroleum Distributors and SuppliersOrchestratedFuel - SAP for Petroleum Distributors and Suppliers
OrchestratedFuel - SAP for Petroleum Distributors and Suppliers
Β 
Lean Information Technology Webinar
Lean Information Technology WebinarLean Information Technology Webinar
Lean Information Technology Webinar
Β 
Tml Deployment Strategy Overview V 1
Tml Deployment Strategy Overview V 1Tml Deployment Strategy Overview V 1
Tml Deployment Strategy Overview V 1
Β 
It service automation microland
It service automation microlandIt service automation microland
It service automation microland
Β 
RTS
RTSRTS
RTS
Β 
London 2012 brochure - intelligent managed services infrastructure, applicati...
London 2012 brochure - intelligent managed services infrastructure, applicati...London 2012 brochure - intelligent managed services infrastructure, applicati...
London 2012 brochure - intelligent managed services infrastructure, applicati...
Β 
Transforming it processes and culture to assure service quality
Transforming it processes and culture to assure service qualityTransforming it processes and culture to assure service quality
Transforming it processes and culture to assure service quality
Β 
JSoft Corporate presentation
JSoft Corporate presentationJSoft Corporate presentation
JSoft Corporate presentation
Β 

More from finance32

dole food div95a
dole food div95adole food div95a
dole food div95a
finance32
Β 
dole food div95
dole food div95dole food div95
dole food div95
finance32
Β 
dole food div96
dole food div96dole food div96
dole food div96
finance32
Β 
dole food div97
dole food div97dole food div97
dole food div97
finance32
Β 
dole food div98
dole food div98dole food div98
dole food div98
finance32
Β 
dole food div99
dole food div99dole food div99
dole food div99
finance32
Β 
dole food div2000
dole food div2000dole food div2000
dole food div2000
finance32
Β 
dole food div01
dole food div01dole food div01
dole food div01
finance32
Β 
dole food div02
dole food div02dole food div02
dole food div02
finance32
Β 
dole food div03
dole food div03dole food div03
dole food div03
finance32
Β 
dole food private_tax_info
dole food private_tax_infodole food private_tax_info
dole food private_tax_info
finance32
Β 
Dole1995 annual
Dole1995 annualDole1995 annual
Dole1995 annual
finance32
Β 
Dole 1996 annual
Dole 1996 annualDole 1996 annual
Dole 1996 annual
finance32
Β 
Dole 1997 annual
Dole 1997 annualDole 1997 annual
Dole 1997 annual
finance32
Β 
Dole1998 annual
Dole1998 annualDole1998 annual
Dole1998 annual
finance32
Β 
Dole 99 annrpt
Dole 99 annrptDole 99 annrpt
Dole 99 annrpt
finance32
Β 
Dole 2000 Annual
Dole 2000 AnnualDole 2000 Annual
Dole 2000 Annual
finance32
Β 
Dole 2001 Annual
Dole 2001 AnnualDole 2001 Annual
Dole 2001 Annual
finance32
Β 
Dole 2002 Annual
Dole 2002 AnnualDole 2002 Annual
Dole 2002 Annual
finance32
Β 
Dole 2003 Annual
Dole 2003 AnnualDole 2003 Annual
Dole 2003 Annual
finance32
Β 

More from finance32 (20)

dole food div95a
dole food div95adole food div95a
dole food div95a
Β 
dole food div95
dole food div95dole food div95
dole food div95
Β 
dole food div96
dole food div96dole food div96
dole food div96
Β 
dole food div97
dole food div97dole food div97
dole food div97
Β 
dole food div98
dole food div98dole food div98
dole food div98
Β 
dole food div99
dole food div99dole food div99
dole food div99
Β 
dole food div2000
dole food div2000dole food div2000
dole food div2000
Β 
dole food div01
dole food div01dole food div01
dole food div01
Β 
dole food div02
dole food div02dole food div02
dole food div02
Β 
dole food div03
dole food div03dole food div03
dole food div03
Β 
dole food private_tax_info
dole food private_tax_infodole food private_tax_info
dole food private_tax_info
Β 
Dole1995 annual
Dole1995 annualDole1995 annual
Dole1995 annual
Β 
Dole 1996 annual
Dole 1996 annualDole 1996 annual
Dole 1996 annual
Β 
Dole 1997 annual
Dole 1997 annualDole 1997 annual
Dole 1997 annual
Β 
Dole1998 annual
Dole1998 annualDole1998 annual
Dole1998 annual
Β 
Dole 99 annrpt
Dole 99 annrptDole 99 annrpt
Dole 99 annrpt
Β 
Dole 2000 Annual
Dole 2000 AnnualDole 2000 Annual
Dole 2000 Annual
Β 
Dole 2001 Annual
Dole 2001 AnnualDole 2001 Annual
Dole 2001 Annual
Β 
Dole 2002 Annual
Dole 2002 AnnualDole 2002 Annual
Dole 2002 Annual
Β 
Dole 2003 Annual
Dole 2003 AnnualDole 2003 Annual
Dole 2003 Annual
Β 

Recently uploaded

Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
Β 
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
Best VIP Call Girls Morni Hills Just Click Me 6367492432
Best VIP Call Girls Morni Hills Just Click Me 6367492432Best VIP Call Girls Morni Hills Just Click Me 6367492432
Best VIP Call Girls Morni Hills Just Click Me 6367492432
motiram463
Β 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
roshnidevijkn ( Why You Choose Us? ) Escorts
Β 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 

Recently uploaded (20)

Vasai-Virar High Profile Model Call GirlsπŸ“ž9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call GirlsπŸ“ž9833754194-Nalasopara Satisfy Call ...Vasai-Virar High Profile Model Call GirlsπŸ“ž9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call GirlsπŸ“ž9833754194-Nalasopara Satisfy Call ...
Β 
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Β 
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Β 
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Β 
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
Β 
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
Β 
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfToronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdf
Β 
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
Β 
Airport Road Best Experience Call Girls Number-πŸ“žπŸ“ž9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-πŸ“žπŸ“ž9833754194 Santacruz MOst Es...Airport Road Best Experience Call Girls Number-πŸ“žπŸ“ž9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-πŸ“žπŸ“ž9833754194 Santacruz MOst Es...
Β 
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Β 
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
Β 
Best VIP Call Girls Morni Hills Just Click Me 6367492432
Best VIP Call Girls Morni Hills Just Click Me 6367492432Best VIP Call Girls Morni Hills Just Click Me 6367492432
Best VIP Call Girls Morni Hills Just Click Me 6367492432
Β 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
Β 
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
Β 
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbaiVasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Β 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
Β 
(Sexy Sheela) Call Girl Mumbai Call Now πŸ‘‰9920725232πŸ‘ˆ Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now πŸ‘‰9920725232πŸ‘ˆ Mumbai Escorts 24x7(Sexy Sheela) Call Girl Mumbai Call Now πŸ‘‰9920725232πŸ‘ˆ Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now πŸ‘‰9920725232πŸ‘ˆ Mumbai Escorts 24x7
Β 
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024
Β 
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationStrategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
Β 
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Β 

snx ubs

  • 1. SYNNEX (NYSE: SNX) Investor Presentation November 2008
  • 2. Safe Harbor This presentation may contain forward-looking statements that involve risks and uncertainties. These forward looking statements include, but are not limited to, statements regarding our general economic conditions and any weakness in IT spending; the loss or consolidation of one or more of our significant OEM suppliers or customers; market acceptance and product life of the products we assemble and distribute; competitive conditions in our industry and their impact on our margins; pricing, margin and other terms with our OEM suppliers; our ability to gain market- share; variations in supplier-sponsored programs; changes in our costs and operating expenses; changes in foreign currency exchange rates; risks associated with our international operations; uncertainties and variability in demand by our reseller and contract assembly customers; supply shortages or delays; any termination or reduction in our floor plan financing arrangements; risks associated with our contract assembly; the strength of our banking / credit relationships and the financial quality of those financial institutions; business credit exposure to our reseller customers and possible trends in their businesses. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in these forward-looking statements. For a discussion of the factors that could cause actual results to differ, please refer to our most recent form 10-Q under the section listed as β€œRisk Factors”. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements after the date of this presentation. 2
  • 3. SYNNEX Overview Leading Business Process Services We offer OEMs and VARs an integrated Company suite of Business Process Services comprising: IT distribution, supply chain Value-Add Supply Chain Solutions management, contract assembly and – Core IT distribution services business process outsourcing. – Supply chain management/contract assembly services – Business process outsourcing Distinct, Efficient and Low-Cost Business Demand generation, Model tech/customer support Seasoned Executive Management Team with an Average of 20 Years Direct Industry Experience North American Market Focus Core IT distribution Fortune 500 Company services 27 Years of Operating History FY 2007 Revenues of $7.0 Billion Consistent Performer: 85 Consecutive Supply chain management services / Contract Profitable Quarters assembly services Established Long-Standing Industry Relationships 3
  • 4. SYNNEX Enables the IT Supply Chain Technical Support 100 + IT OEMs Supply Chain 15,000 + Management Resellers / End Users Retailers / DMRs Contract Distribution Assembly Demand Generation Business Process Services: expanding our value proposition beyond IT Distribution Business Process Outsourcing Services Further Enhance the Value of SYNNEX and the Indirect Distribution Channel for OEM Vendors by Interfacing with Resellers, Retailers and Even End Users on Behalf of OEMs and Our Customers – Demand generation services drive increased sales for OEM partners and VAR customers – Technical support services enhance value to OEM suppliers and increase our product knowledge & support Integrated Business Process Services: Supply Chain Management, Contract Manufacturing and Business Process Outsourcing Services Combine to Increase β€˜Stickiness’ of Vendor Relationships 4
  • 5. Business Process Services Model & Cost Efficient Operations Drive Superior Margin Increasing gross margins combined with efficient SYNNEX Margin Trends Over Time SG&A cost control yield expanding operating margins for SYNNEX Business Process Services Model RGC and PC Wholesale Acquisitions and Adjacent Market Expansion Positively Impacting Gross Margins for IT Distribution Services Margin Profiles for BPO Services are Substantially Higher than for Traditional IT Distribution Services – Gross margins in the 30% to 50% range Proprietary IT System Purpose-Built ERP System Offers More Flexibility for Sales Force and Management – Transparency to all levels of the organization – Real-time data access for efficient decision making CY2007 1 Latest Quarter Operating Operating Supported by Approximately 160 SYNNEX Software Margin Margin Engineers in Low Cost China Region Preferred alternative to 3rd party ERP system – 1.64% 1.93% Offshoring of Back Office Functions Utilizes Low-cost Solution Across Multiple Functions: 1.41% 0.87% – Financial operations – Call center operations – Purchasing – Sales support 0.96% 0.73% Note: 1 Operating income margins for CY2007 based on latest twelve months ended 11/30/07 (SNX), 12/29/07 (IM) and 1/31/08 (TECD) and excludes restructuring and loss on disposal charges for SNX, IM and TECD of ($2.7mm), $1.1mm, and ($30.6mm) , respectively. GAAP reported operating income margins for SNX, IM and TECD were 1.60%, 1.27%, and 0.80% respectively. 5
  • 6. SYNNEX has a Stable Business Model and Healthy Financial Position β–  Strong Management Leadership & Experience β–  Proven Low-Cost Business Model β–  Focused Execution β–  Good Balance Sheet Management & Liquidity β–  Strong Established Banking Relationships With Leading Lenders 6
  • 7. Strong Financial Performance Strong and Consistent Revenue Growth 1 Operating Income Growing Faster than Revenue 2 $120.0 $8.0 $112.1 $7.0 .4% .5% $7.0 18 15 = $96.2 = $100.0 $6.3 GR R AG CA C $6.0 $5.6 $78.9 $77.7 $5.2 $80.0 $5.0 (US$mm) (US$bn) $3.9 $57.0 $60.0 $4.0 $3.0 $40.0 $2.0 $20.0 $1.0 $0.0 $0.0 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 Note: 1 SYNNEX’s fiscal year ends on November 30th 2 Operating income from continuing operations before non-operating items, income taxes and minority interest 7
  • 8. Improving ROIC and EPS Growth 1 ROIC focus driving recent ROIC expansion1 Consistent Quarterly Diluted EPS Growth 12.0% Quarter over Quarter Comparison Quarter over Quarter Comparison 11.0% Prior Year Current Year 10.0% NAE 9.0% 8.9% 8.9% 8.3% 8.1% 8.1% 7.9% 8.0% 7.8% 7.5% 7.4% 7.3% 7.3% 7.3% 7.3% 7.2% 6.9% 6.9% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 2007 2008 2007 2008 2006 2006 Note: 1 SYNNEX’s fiscal year ends on November 30th 8
  • 9. Healthy, Optimal, Capital Structure Five Year Equity Growth Consistent Total Debt to Capital Management Range** $900.0 $800.0 $700.0 $670.0 $604.6 $600.0 $511.5 ) $500.0 n b $437.2 $ S U ( $400.0 $369.7 $300.0 $252.8 $200.0 $100.0 $0.0 2003 2004 2005 2006 2007 2008* * Represents partial year results through last quarter * Represents partial year results through last quarter ** Total debt includes working capital flex lines 9
  • 10. EBITDA Growth Paces With Revenue Strong and Consistent Revenue Growth 1 Strong and Consistent EBITDA Growth 1 $8.0 $7.0 % $7.0 .5% 4.8 15 =1 $6.3 = GR GR CA CA $6.0 $5.6 $5.2 $5.0 (US$bn) $3.9 $4.0 $3.0 $2.0 $1.0 $0.0 2003 2004 2005 2006 2007 Note: 1 SYNNEX’s fiscal year ends on November 30th 10
  • 11. Key Investment Highlights - Business process services company Effective Business - Uniquely offering one-stop access to IT distribution, supply chain management, Model contract assembly and BPO services - Industry leading cost structure Cost Efficient - Proprietary IT platform and offshore back-office functions to control SG&A Operations costs and contribute to continued operating margin expansion - Focused execution drives industry leading operating margins Strong Financial - Healthy balance sheet with very good liquidity Performance - Continuous healthy growth trends in ROIC and EPS - Good organic growth opportunities including growth in profitable adjacent end markets Attractive Growth Opportunities - Targeted acquisition strategy emphasizes value creation, ROIC and complementary BPO Services to drive growth and improve margins 11
  • 12. Thank you for your time today.