TD SYNNEX Corporation (NYSE:SNX) Q3 2022 Earnings Conference Call September 27, 2022 9:00 AM ET Company Participants Liz Morali - Head of IR Rich Hume - CEO Marshall Witt - CFO Conference Call Participants Keith Housum - Northcoast Research Joseph Cardoso - J.P. Morgan Ruplu Bhattacharya - Bank of America Ashley Ellis - Credit Suisse Adam Tindle - Raymond James Vincent Colicchio - Barrington Research Alek Valero - Loop Capital Markets Jim Suva - Citigroup Operator Good morning. My name is Brent, and I will ...

Table of Contents FORM 10-Q _______________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended May 31, 2022 Washington, D.C. 20549 _______________________________________________________________________ OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fro ...

Financial Data and Key Metrics Changes - In Q2, the company reported total worldwide revenue of $15.3 billion, representing a 4% year-over-year growth when adjusted for constant currency and revenue policy alignment related to the merger [14][15] - Non-GAAP diluted EPS was $2.72, with total non-GAAP net income of $262 million [18] - Gross profit was $956 million, with a gross margin of 6.3%, up from 5.8% in the prior year [16] Business Line Data and Key Metrics Changes - The Advanced Solutions segment experienced higher growth rates compared to the Endpoint segment, with strong demand continuing in the Advanced Solutions category [30] - The PC segment saw moderation in growth, particularly in the consumer and Chromebook areas, while commercial PCs maintained good demand [28][30] - The distribution business grew across all regions, with the Americas showing strong year-over-year growth [12] Market Data and Key Metrics Changes - The Americas market is described as robust, with growth rates in the mid to high single digits, while the European market has been relatively flat due to geopolitical issues [40] - The hyperscale infrastructure business faced a decline year-over-year but is expected to grow on a long-term basis [12][46] Company Strategy and Development Direction - The company is focused on a 4-pillar strategic framework aimed at investing in high-growth technologies such as hybrid cloud, security, data analytics, and hyperscale infrastructure [9] - The integration of the merger is progressing well, with a commitment to achieving $200 million in merger cost synergies [22][56] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the demand environment, expecting decent IT spending growth in the second half of the year despite macroeconomic concerns [36][40] - The company anticipates total revenues for Q3 to be in the range of $14.5 billion to $15.5 billion, reflecting a year-over-year growth of around 10% at the midpoint [23] Other Important Information - The company ended the quarter with cash and cash equivalents of $522 million and debt of $4.1 billion, with a gross leverage ratio of 2.4 times [19] - A cash dividend of $0.30 per common share has been approved, expected to be paid on July 29, 2022 [21] Q&A Session Summary Question: Commentary on overall demand environment and PC moderation - Management noted that while commercial PCs have good demand, the consumer segment, particularly Chromebooks, is weaker [28][30] Question: Impact of inventory build and supply chain challenges - The inventory build was balanced between distribution and hyperscale, with expectations for a slight decrease in the upcoming quarter [31][49] Question: FX impact on revenue and EPS guidance - Management acknowledged a $0.14 headwind from FX but remains confident in maintaining EPS guidance for fiscal '22 [34][36] Question: Pricing environment and wage inflation - There have been consistent price changes across the board, and labor inflation is being managed through competitive compensation [37][38] Question: Demand trends and customer behavior - Management sees strong demand in the Advanced Solutions category and high-growth technologies, while PC demand is moderating [90] Question: Turnover rates and integration progress - Turnover is elevated but manageable, with stability among top leadership executives [64][66] Question: Synergies tracking and potential for higher total synergy numbers - The company is on track to achieve $200 million in synergies, with no new elements identified but moving faster than expected [56][57]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...

Financial Data and Key Metrics Changes - Total worldwide revenue for Q1 2022 was $15.5 billion, an increase of 1.5% from the prior year when normalizing for the merger, and approximately 6% when adjusted for constant currency [14][16] - Gross profit was $969 million with a gross margin of 6.3%, reflecting a favorable product mix and good execution [15] - Non-GAAP net income was $292 million, with non-GAAP diluted EPS at $3.03 [16] - Cash and cash equivalents at the end of the quarter were $510 million, with total debt of $5 billion, resulting in a gross leverage ratio of 3.1 times [17] Business Line Data and Key Metrics Changes - The Advanced Solutions segment showed strength, driven by increased demand for IT infrastructure solutions as businesses reopened [9][39] - The Endpoint segment continues to experience backlog issues, with long lead times for networking and storage products [58] Market Data and Key Metrics Changes - All three geographic regions performed at or better than expectations despite selective lockdowns due to COVID-19 [10] - The company noted ongoing supply chain disruptions but observed early signs of marginal improvement in backlog levels [10] Company Strategy and Development Direction - The company is focused on executing its integration plans and achieving merger-related synergy targets, with a capital allocation framework targeting dividends and share repurchases [11][18] - The company is committed to enhancing its global policies and aligning corporate culture, emphasizing a servant leadership model [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing geopolitical tensions and their potential impact on the macro economy and supply chain [13] - The company expects total revenue for fiscal Q2 to be in the range of $14.8 billion to $15.8 billion, reflecting a year-on-year growth of around 3% [22] Other Important Information - The company plans to repurchase approximately $100 million in shares during fiscal 2022, with $25 million already repurchased in Q1 [18] - The cash conversion cycle for Q1 was 24 days, higher than the previous quarter, primarily due to strategic inventory purchases [17][32] Q&A Session Summary Question: Margin differential between SYNNEX and Tech Data - Management explained that margin differentials are primarily driven by regional mix, with European margins generally lower due to structural complexities [26] Question: Enhancements or pruning of line cards - Management indicated a focus on enhancing line cards to capture new entrants in the market while noting that significant pruning activities have been completed [29][30] Question: Strategic inventory purchases and cash conversion cycle - Management acknowledged the temporary increase in inventory and confirmed the target of $1 billion in free cash flow for the year [32] Question: Drivers of strong top-line results - Management attributed the strong results to an acceleration in the Advanced Solutions segment and backlog resolution in the Endpoint segment [38][39] Question: Operating margin expectations for Q2 - Management noted that seasonal behaviors typically lead to a slight decrease in margins from Q1 to Q2, with no structural changes anticipated [51] Question: Pricing pressures and wage inflation - Management discussed ongoing price increases from vendors and the impact of inflation on labor and freight costs, emphasizing their strategy to manage these pressures [52][53] Question: Backlog commentary differentiation - Management clarified that improvements in backlog are primarily seen in the Endpoint segment, while the Advanced Solutions segment continues to face challenges [58] Question: Full-year outlook and revenue synergies - Management raised the full-year guidance, citing better-than-expected performance and the realization of synergies, while noting that revenue synergies will be more apparent once ERP systems are consolidated [67][71]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2021 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: 001-31892 TD SYNNEX CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-2703333 (State or o ...

(©) td synnex INVESTOR PRESENTATION JANUARY 2022 SAFE HARBOR STATEMENT Statements in this presentation regarding TD 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 fo ...

TD Synnex Corp (NYSE:SNX) Q4 2021 Earnings Conference Call January 11, 2022 9:00 AM ET Company Participants Liz Morali - Senior Manager, IR Richard Hume - CEO & President Marshall Witt - CFO Conference Call Participants James Suva - Citigroup Keith Housum - Northcoast Research Partners Adam Tindle - Raymond James & Associates Ananda Baruah - Loop Capital Markets Ruplu Bhattacharya - Bank of America Merrill Lynch Shannon Cross - Cross Research Matthew Sheerin - Stifel, Nicolaus & Company Vincent Colicchio - ...

© TD SYNNEX INVESTOR PRESENTATION September 2021 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 forwa ...

TD SYNNEX (NYSE:SNX) Q3 2021 Earnings Conference Call September 28, 2021 9:00 AM ET Company Participants Liz Morali - Investor Relations Marshall Witt - Chief Financial Officer Rich Hume - Chief Executive Officer Conference Call Participants Adam Tindle - Raymond James Shannon Cross - Cross Research Jim Suva - Citigroup Matt Sheerin - Stifel Ananda Baruah - Loop Capital Ruplu Bhattacharya - Bank of America Operator Good morning. My name is Misty and I'll be your conference operator today. I would like to we ...