Colette M. Kress, EVP & CFO of NVIDIA, shared these financial highlights with attendees of NVIDIA's Annual Investor Day on March 25, 2014.

1. Colette Kress, EVP & CFO
ANNUAL INVESTOR DAY

2. Financial
Highlights
Revenue growing faster than overall market
Strength in overall business provides foundation for higher
growth opportunities
Gross margin expansion
Strong cash flow generation enables:
 Leverage investment
 Focus on regular capital return

3. 0
1,000
2,000
3,000
4,000
0
100
200
300
400
FY2011 FY2012 FY2013 FY2014
Calendar 2010 - 2013 PC Revenue From Gartner Data GPU Revenue, Ex-MCP Chipset
GPU Growth in a Challenging Market
GEFORCE GAMING
GPUs
15%
WORKSTATIONS
10%
TESLA
37%
MAINSTREAM OEM
10%
PC Revenue
(Billions)
Overall NVIDIA GPU
Revenue (Millions)
OVERALL
NVIDIA GPU
7%
9% CAGR

4. 0
1,000
2,000
3,000
4,000
FY10 FY14
0
300
600
900
1,200
FY10 FY14
NVIDIA PC Gaming/OEM/Workstation NVIDIA High Growth Businesses
Executing on Growth Drivers
CAGR CAGR
Millions
9%
67%13%
Workstations
9%
PC Gaming &
OEM
100%+
Licensing
48%
Tegra
64%
DC/Cloud

5. $3.3
$3.5
$4.0
$4.3
$4.1
39%
55%
30 %
40 %
50 %
60 %
$1
$2
$3
$4
$5
$6
FY2010 FY2011 FY2012 FY2013 FY2014
Revenue Gross Margin
Gross Margin
Expansion
Drivers
 ASPs for visual computing
 Expansion to new high-
margin verticals:
Tesla and GRID
 Ongoing focus on costs
Gross Margin is a Non-GAAP measure
Billions

6. Leveraged
Investments $1.6B
Unified
Architecture
GeForce
Quadro
Tesla
GRID
Tegra
Auto
75% 25%

7. $835
$824
$909
$676
$488
$-
$250
$500
$750
$1,000
FY14FY13FY12FY11FY10
Robust Cash Flow Generation
Millions

8. $1.73
$2.49
$3.13
$3.73
$3.32
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
FY10 FY11 FY12 FY13 FY14
Foreign Cash US Cash
Cash Balance
Significant Liquidity and Low Leverage
Billions
Debt

9. $147
$1,069
$1,000
$-
$300
$600
$900
$1,200
FY12 FY13 FY14 FY15
Capital Return
Millions
Shares Outstanding
Millions
Dividend
Shares
Repurchase
Capital return
to shareholders
ASR
612 617
568
$500
$550
$600
$650
$700
FY12 FY13 FY14
Capital Return
Strategy to Drive
Shareholder Value
 Regular and consistent return of
capital over time
 Increased quarterly dividend 13%
from $0.075/sh to $0.085/sh
 Intend to return $1.0B in capital
to shareholders in FY15 with
dividends and share repurchases
 Increased share repurchase
authorization to ~$1.3B through FY16
Share
repurchase/
dividend

10. Key
Takeaways
Durable and high-margin growth through vertical
market leadership and diversification to drive
consistent and regular capital return
Strong balance sheet and significant liquidity
Focus on OPEX: Unified architecture leverages IP
investments

11. Appendix

12. RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES
Non-GAAP Stock-based
compensation
(a)
Net warranty
charges
(b)
Other
(c)
GAAP
FY2010 Gross margin 39.0% (0.7) (2.9) — 35.4%
FY2011 Gross margin 45.1% (0.2) (5.1) — 39.8%
FY2012 Gross margin 51.9% (0.3) — (0.1) 51.5%
FY2013 Gross margin 52.3% (0.3) — — 52.0%
FY2014 Gross margin 55.1% (0.3) 0.2 (0.1) 54.9%
Footnotes
(a) In addition to our historical practice of excluding stock-based compensation, during FY10, the Company completed a tender offer to purchase outstanding stock
options which resulted in a charge of $140.2 million. This charge was allocated to cost of goods sold of $11.4 million which resulted in 0.3% impact to gross margin.
(b) Consists of charges for the weak die/packaging material set that was used in certain versions of our previous generation chips and the release of the remaining
warranty reserve balance as of January 26, 2014.
(c) Comprised of a legal settlement charge.

13. RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES
FY2010 FY2011 FY2012 FY2013 FY2014
Graphics Processing Unit (GPU) excluding chipset revenue $2,298 $2,659 $2,990 $3,228 $3,454
Chipset revenue 872 687 197 24 14
GPU revenue $3,170 $3,346 $3,187 $3,252 $3,468
Non-GAAP Stock-based
compensation
Acquisition-
related items
(a)
Other
(b)
GAAP
FY2014 Operating expense $1,610 126 32 4 $1,772
Footnotes
(a) Consists of amortization of acquisition-related intangible assets ,transaction costs, compensation charges and other credits related to the acquisitions.
(b) Comprised of intangible asset write-off, restructuring charge, and legal settlement costs, net of credits.
(in millions)