CDW Corporation (NASDAQ:CDW) Q4 2020 Earnings Conference Call February 10, 2021 8:30 AM ET Company Participants Brittany Smith - Vice President, Investor Relations and Financial Planning and Analysis Chris Leahy - Chief Executive Officer Collin Kebo - Senior Vice President and Chief Financial Officer Conference Call Participants Katy Huberty - Morgan Stanley Ruplu Bhattacharya - Bank of America Amit Daryanani - Evercore Adam Tindle - Raymond James Matt Cabral - Credit Suisse Tim Yang - Citi Matt Sheerin - S ...

CDW Corporation Webcast Conference Call February 10, 2021 CDW.com | 800.800.4239 Today's Agenda ▪ Fourth Quarter and Full Year 2020 Results ▪ COVID-19 Response ▪ Performance Drivers ▪ 2021 Outlook ▪ Q&A 2 Disclaimers Forward-Looking Statements Statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding (i) ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35985 CDW CORPORATION (Exact name of registrant as specified in its charter) Delaware 26-0273989 (State or ...

CDW Corporation (NASDAQ:CDW) Q3 2020 Earnings Conference Call November 2, 2020 8:30 AM ET Company Participants Brittany Smith - VP, IR and FP&A Chris Leahy - CEO Collin Kebo - SVP & CFO Conference Call Participants Tim Yang - Citi Amit Daryanani - Evercore Adam Tindle - Raymond James Matt Cabral - Credit Suisse Ruplu Bhattacharya - Bank of America Shannon Cross - Cross Research Katy Huberty - Morgan Stanley Matthew Sheerin - Stifel Keith Housum - Northcoast Research Paul Coster - JPMorgan Operator Ladies an ...

CDW Corporation Webcast Conference Call November 2, 2020 CDW.com | 800.800.4239 Disclaimers Forward-Looking Statements Statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding (i) the impact of COVID-19 on CDW's business, operations and liquidity, and (ii) capital priorities and other strategic plans of ...

CDW INVESTOR PRESENTATION 2020 | SUMMER / FALL http://investor.cdw.com/ DISCLAIMERS Forward-Looking Statements Statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding (i) the impact of COVID-19 on CDW's business, operations and liquidity, and (ii) capital priorities and other strategic plans of CDW. The ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35985 CDW CORPORATION (Exact name of registrant as specified in its charter) Delaware 26-0273989 (State or othe ...

Financial Data and Key Metrics Changes - For Q2 2020, net sales were $4.4 billion, a decrease of 5.7% year-over-year and down 5.3% in constant currency [9][51] - Non-GAAP operating income was $338 million, down 5.6%, and non-GAAP net income per share was $1.56, a decline of 2.6% [9][60] - Gross profit for the quarter was $747 million, a decline of 3.4%, with a gross margin of 17.1%, up 40 basis points from last year [53] Business Line Data and Key Metrics Changes - Corporate and small business segments both experienced double-digit declines, while the government segment saw a 24% increase in net sales [14][16] - Education increased by 13%, driven by strong K-12 results, while healthcare declined low double digits due to budget pressures [19][21] - U.S. hardware sales were down mid-single digits, but client devices grew almost 6% [23] Market Data and Key Metrics Changes - The government team delivered strong results, with federal sales up almost 50%, driven by the U.S. Census Bureau project [16] - The UK operations saw high single-digit growth in constant currency, while Canadian sales decreased double digits due to COVID-19 impacts on small businesses [22] Company Strategy and Development Direction - The company is focused on a three-part growth strategy: acquiring new customers, enhancing solutions capabilities, and expanding services capabilities [33][49] - The acquisition of IGNW is part of the strategy to enhance cloud capabilities and is expected to bring additional talent and expertise [25][26] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic outlook remains uncertain due to COVID-19, and they are not providing 2020 targets [45] - They observed stabilization in writing rates for impacted customer segments, but emphasized the volatility of weekly writings [46][90] - The company is committed to investing in its growth strategy and believes technology will play an increasingly important role in the economy [48][49] Other Important Information - The company maintained a strong liquidity position with cash and cash equivalents of $958 million and net debt of $2.9 billion [63] - Free cash flow for the year-to-date was $468 million, higher than the previous year [64] Q&A Session Summary Question: Strategic options during the current environment - Management sees the current environment as an opportunity and has accelerated acquisition programs to help customers navigate their digital transformation needs [84] Question: Operational performance and decremental margin - The company did not experience significant decremental margin due to favorable credit loss reserve adjustments and performance-based compensation true-ups [87][88] Question: Stability in writing and IT budget health - Management noted that writing rates have stabilized but remain volatile, and IT budgets are influenced by the broader economic environment [92][93] Question: Gross margin performance - Gross margin upside was driven by product margin stability and a favorable mix towards software as a service, though caution was advised for future performance [99][102] Question: Client devices outlook - Strong demand for client devices is expected to continue, with strategic inventory positions helping to meet demand [104] Question: Trends in corporate and small business customers - Trends are consistent with expectations, with small businesses focusing on survival before future investments [116][120]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35985 CDW CORPORATION (Exact name of registrant as specified in its charter) Delaware 26-0273989 (State or oth ...

CDW Corporation (NASDAQ:CDW) Q1 2020 Results Earnings Conference Call May 6, 2020 8:30 AM ET Company Participants Brittany Smith - VP, IR and Financial Planning and Analysis Christine Leahy - CEO Collin Kebo - SVP and CFO Conference Call Participants Amit Daryanani - Evercore Matt Cabral - Credit Suisse Adam Tindle - Raymond James Ruplu Bhattacharya - Bank of America Katy Huberty - Morgan Stanley Maggie Nolan - William Blair Shannon Cross - Cross Research Matthew Sheerin - Stifel Paul Coster - JPMorgan Keit ...