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 “Risk 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 ‘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
■ Strong Management Leadership & Experience
■ Proven Low-Cost Business Model
■ Focused Execution
■ Good Balance Sheet Management & Liquidity
■ 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
