Exhibit 99.1
INGRAM MICRO Partner Smart Taking The Pole Position A Look Forward Greg Spierkel Chief Executive Officer November 5, 2009 2009 Investor & Analyst Day Celebrating the first 30 Proprietary information of Ingram Micro Inc. - Do not distribute or duplicate without Ingram Micro's express written permission. |
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
The matters in this presentation that are forward-looking statements, including but not limited to statements about economic conditions, capital resources, cost reduction actions, revenues, operating income, margins, expenses, integration costs, operating efficiencies, profitability, market share and rates of return, are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) difficult conditions in the global economy in general have affected our business and results of operations and these conditions are not expected to improve in the near future and may worsen; (2) changes in our credit rating or other market factors such as continued adverse capital and credit market conditions may significantly affect our ability to meet liquidity needs through reduced access to capital, or it may increase our cost of borrowing; (3) our failure to adequately adapt to economic and industry changes and to manage prolonged contractions could negatively impact our future operating results; (4) if our business does not perform well, we may be required to recognize further impairments of our intangible or other long-lived assets or establish a valuation allowance against our deferred income tax assets, which could adversely affect our results of operations or financial condition; (5) we continually experience intense competition across all markets for our products and services, which may intensify in a more difficult global economy; (6) we operate a global business that exposes us to risks associated with international activities; (7) we have made and expect to continue to make investments in new business strategies and initiatives, including acquisitions and continued enhancements to information systems, processes and procedures and infrastructure on a global basis, which could disrupt our business and have an adverse effect on our operating results; (8) we are dependent on a variety of information systems and a failure of these systems could disrupt our business and harm our reputation and net sales; (9) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (10) changes in, or interpretations of, tax rules and regulations may adversely affect our effective tax rates or operating margins and we may be required to pay additional tax assessments; (11) we cannot predict with certainty what loss we might incur as a result of other litigation matters and contingencies that we may be involved with from time to time; (12) we may incur material litigation, regulatory or operating costs or expenses, and may be frustrated in our marketing efforts, as a result of new environmental regulations or private intellectual property enforcement disputes; (13) future terrorist or military actions could result in disruption to our operations or loss of assets, in certain markets or globally; (14) the loss of a key executive officer or other key employees, or changes affecting the work force such as government regulations, collective bargaining agreements or the limited availability of qualified personnel, could disrupt operations or increase our cost structure; (15) we face a variety of risks with outsourcing arrangements; (16) changes in accounting rules could adversely affect our future operating results; (17) our quarterly results have fluctuated significantly; and (18) we are dependent on third-party shipping companies for the delivery of our products.
Ingram Micro has instituted in the past and continues to institute changes to its strategies, operations and processes intended to address these risk factors and to mitigate their impact on Ingram Micro's results of operations and financial condition. However, no assurances can be given that Ingram Micro will be successful in these efforts. For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Item 1A Risk Factors of Ingram Micro's Annual Report on Form 10-K for the year ended January 3, 2009; other risks or uncertainties may be detailed from time to time in Ingram Micro's future SEC filings.
Let's Recap Laid a solid operational foundation over last 18 months Expanding share a top priority Reenergizing sales; leveraging balance sheet Creating operational excellence and developing new capabilities Augmenting eSolutions Building enterprise and services capabilities Expanding strategic divisions: DC/POS and IM Logistics INGRAM MICRO 2 Proprietary information of Ingram Micro Inc. - Do not distribute or duplicate without Ingram Micro's express written permission. |
Our Targets For The Next 2-3 Years 150 basis points of annualized operating margin Sales growing greater than overall IT market Gross margins above the previously stated floor of 5.4 percent ROIC equal to or greater than 12 percent INGRAM MICRO 3 Proprietary information of Ingram Micro Inc. - Do not distribute or duplicate without Ingram Micro's express written permission. |
Now Is A Good Time To Invest In Ingram Micro Leading IT distributor well positioned to capitalize on healthy technology industry IT spending predicted to reach nearly $1.5 trillion in 2010 Improved infrastructure will drive strong operating leverage Divisional structures that align with vendor solutions Poised for post-upturn success Only broad-based player in Asia Financially flexible and solidly capitalized INGRAM MICRO 4 Proprietary information of Ingram Micro Inc. - Do not distribute or duplicate without Ingram Micro's express written permission. |
INGRAM MICRO Partner Smart Proprietary information of Ingram Micro Inc. - Do not distribute or duplicate without Ingram Micro's express written permission. Celebrating the first 30 Proprietary information of Ingram Micro Inc. - Do not distribute or duplicate without Ingram Micro's express written permission. |