Concentrix : Historical Metrics

Concentrix Historical Financial Results (in thousands)

Unaudited 2020

AuditedGAAP Consolidated Income Statement

Revenue Industry vertical:

Technology and consumer electronics Communications and media

Retail, travel and ecommerce

Banking, financial services and insurance Healthcare

Other

Total revenue

Q1

Q2

Q3

Q4

YTD 2020

$ 323,913

$ 327,997

$ 360,365

$ 410,542

$1,422,817

263,564

210,684

240,718

Q1

Q2

YTD 2021

$ 412,818

$ 412,818

239,268 954,234 248,790 248,790

198,914

168,380

191,118

237,912 796,324 239,001 239,001

192,703

168,283

165,961

185,522 712,469 209,084 209,084

97,325

84,965

91,838

118,558 392,686 125,224 125,224

112,201

106,053

113,693

109,056 441,004 118,361 118,361

$1,188,619

$1,066,363

$1,163,694

$1,300,858 $4,719,534 $1,353,278 $1,353,278

Revenue

Cost of revenue Gross profit

Selling, general and administrative expenses Operating income

Interest expense and finance charges, net Other income (expense), net

Income before income taxes Provision for income taxes Net income

Basic earnings per share Diluted earnings per share

$1,188,619

$1,066,363

$1,163,694

$1,300,858 $4,719,534 $1,353,278 $1,353,278

743,429

721,193

751,161

842,226

(356,979)

(321,590)

(335,770)

(338,425)

445,190

345,170

412,533

458,632

3,058,009 1,661,525 (1,352,764)

88,211

23,580

76,763

120,207

308,761

(17,585)

(12,928)

(9,002)

(8,798)

867,228 486,050 (351,161) 134,889

867,228 486,050 (351,161) 134,889

(48,313) (7,703) (7,703)

3,235

1,641

(593)

3,164

7,447 (3,803) (3,803)

73,861

12,293

67,168

114,573

(21,544)

(9,823)

(21,771)

(49,946)

267,895 (103,084)

$	52,317	$	2,470	$	45,397	$	64,627	$	164,811	$	88,811	$	88,811
$	1.01	$	0.05	$	0.88	$	1.25	$	3.19	$	1.72	$	1.72
$	1.01	$	0.05	$	0.88	$	1.25	$	3.19	$	1.69	$	1.69

123,383 (34,572)

123,383 (34,572)

Non-GAAP Financial information * Operating income

Acquisition-related and integration expenses Spin-off related expenses

Amortization of intangibles Share-based compensation Non-GAAP operating incomeNet income

Interest expense and finance charges, net Provision for income taxes

Other (income) expense

Acquisition-related and integration expenses Spin-off related expenses

Amortization of intangibles Share-based compensation

Depreciation (excluding accelerated depreciation included in acquisition-related and integration expenses above) Adjusted EBITDA

Operating margin Non-GAAP operating margin Adjusted EBITDA margin

$

• 88,211 $

• 23,580 $

• 76,763 $ 120,207

Q1

14,352

1,000

Q2

3,198

506

3,880 283 36,833 3,929

Q3

6,552 7,694 37,093 3,883

Q4

YTD 2020 $ 308,761 27,982 9,483

36,978

36,379

147,283 34,601 34,601

4,262

3,840

Q1 Q2 Q3 Q4 YTD 2021
$ 134,889	$ 134,889

- -

- -

15,914 7,118 7,118

$ $

144,803

$ $

67,503

• $ 121,688

  • $ 175,429

    • $ 509,423 $ 176,608

      52,317

      2,470

• $ 45,397

  • $ 64,627

    • $ 164,811

    17,585

    12,928

• 9,002

  • 8,798

  • 21,544

    9,823

• 21,771

• 49,946

  48,313 7,703 7,703 103,084 34,572 34,572

  (3,235)

  (1,641)

  593

  (3,164)

  • $ 176,608

    • $ 88,811

  • $ 88,811

    (7,447) 3,803 3,803

    1,000

    506

    283

• 7,694

• 14,352

  3,198

  3,880

  6,552

  27,982 9,483

  36,978

  36,379

  36,833

  37,093

  147,283 34,601 34,601

  4,262 31,661

  3,840 30,161

  3,929 31,509

  3,883 35,795

15,914 7,118 7,118

- -

- -

$ 176,464

$

97,664

$ 153,197

$ 211,224

7.4 % 12.2 % 14.8 %

2.2 % 6.3 % 9.2 %

6.6 % 10.5 % 13.2 %

9.2 % 13.5 % 16.2 %

129,126 35,999 35,999 $ 638,549

$ 212,607	$ 212,607
10.0 %	10.0 %
13.1 %	13.1 %
15.7 %	15.7 %

6.5 % 10.8 % 13.5 %

Net income

Acquisition-related and integration expenses Spin-off related expenses

Amortization of intangibles Share-based compensation Income taxes related to the above** Non-GAAP net income

$

• 52,317 $

• 2,470 $

• 45,397 $

• 64,627 $ 164,811

1,000

506

283

7,694

14,352

3,198

3,880

6,552

27,982 9,483

36,978

36,379

36,833

37,093

147,283 34,601 34,601

4,262

3,840

3,929

3,883

• $ 88,811 - -

• $ 88,811 - -

15,914 7,118 7,118

(13,469)

(11,125)

(11,379)

(13,037)

(49,010)

• $ 95,440

$

35,268

$

78,943

$ 106,812

$ 316,463

(10,567)

$ 119,963

(10,567)

$ 119,963

Non-GAAP Financial information * Net income

Less: net income allocated to participating securities Net income attributable to common stockholders

Acquisition-related, integration, and spin-off related expenses allocated to common stockholders Spin-off related expenses allocated to common stockholders

Amortization of intangibles allocated to common stockholders

$

Q1 52,317 - 52,317 14,352 1,000 36,978 4,262

$

506 36,379 3,840

Q2 2,470 - 2,470 3,198

$

Q3 45,397 - 45,397 3,880

283 36,833 3,929

$

Q4 64,627 - 64,627 6,552 7,694 37,093 3,883

YTD 2020 $ 164,811 - 164,811 27,982 9,483

$

Q1 88,811 (1,047) 87,764

- -

147,283 34,193 34,193

Share-based compensation allocated to common stockholders

Income taxes related to the above allocated to common stockholders (1)

15,914 7,034 7,034

(13,469)

(11,125)

(11,379)

(13,037)

(49,010)

(10,442)

Non-GAAP net income attributable to common stockholders

• $ 95,440

  • $ 35,268

    • $ 78,943

      • $ 106,812

      • Non-GAAP diluted earnings per share

• $ 1.85

  • $ 0.68

    • $ 1.53

      • $ 2.07

      • Q2

        $

        YTD 2021 88,811 (1,047) 87,764

        - -

        (10,442)

        $ 316,463 $ 6.13

        $ 118,549 $ 2.29

        $ 118,549 $ 2.29

        Cash Flow Data

        Net cash provided by operating activities Purchases of property and equipment Free cash flow (a non-GAAP measure)

• Q1

• $ 54,886 (43,888)

  • Q2

  • $ 242,315 (25,353)

    • Q3

    • $ 91,376 (37,008)

    • Q4

    • $ 119,037 (65,083)

    YTD 2020

    $

    507,614 (171,332)

• $ 10,998

• • $ 216,962

  $

  54,368

  $

  53,954

  $ 336,282

Q1 Q2 Q3 Q4 YTD 2021
$ 35,884	$ 35,884

(41,950)

$

(6,066)

(41,950)

$

(6,066)

Unaudited 2020

Unaudited 2021

Balance sheet data

SELECTED CONSOLIDATED BALANCE SHEET DATA Cash and cash equivalents

Working capital

Total assets Borrowings, current Total equity

CONSOLIDATED BALANCE SHEET ASSETS

Current assets:

Cash and cash equivalents Accounts receivable, net

Receivable from SYNNEX Corporation ("former parent") Loan receivable from former parent

Other current assets

Total current assets Property and equipment, net Goodwill

Intangible assets, net Deferred tax assets Other assets

Total assets

LIABILITIES AND EQUITY Current liabilities:

Accounts payable

Current portion of long-term debt Payable to former parent

Loans payable to former parent Accrued compensation and benefits Other accrued liabilities

Income taxes payable Total current liabilities

Q1

Q2

Q3

Q4

$ 83,620

$ 94,749

$ 93,341

$ 152,656

(1,458,411)

(1,404,146)

(1,299,933)

414,714

5,177,556

5,159,793 -

4,955,479 -

5,119,394 -

33,750

$1,509,122

$1,492,540

$1,627,967

$2,302,085

Audited

$ 83,620

$ 94,749

$ 93,341

$ 152,656

968,750

868,831

• 940,091 1,081,481

  19,191

  20,725

  58,456

  62,183

  26,298 73,425

  - -

  200,266

  174,114

• 233,029 189,239

416,675

403,720

423,438

1,330,283

1,825,113

1,220,602

1,815,692

1,366,184

1,835,526

1,423,376 451,649 1,836,050

895,743

855,810

835,776

Q1

$ 117,576

529,728

5,120,849 -

$2,389,278

$ 117,576 1,129,008 - - 160,720

1,407,304 445,286 1,837,921

798,959 769,149

71,998

71,773

72,956

47,423 49,480

619,981

587,882

585,514

620,099 611,709

$5,159,793

$4,955,479

$5,119,394

$5,177,556

$ 106,252 -

$ 102,610 -

$ 117,796

$ 140,575

- 33,750

86,204

83,248

87,016 22,825

1,964,146

1,768,449

1,721,207

-

273,104

304,727

360,609

419,715 365,272

320,636

358,384

354,040

$5,120,849

$ 101,215 - - -

371,072 373,180

38,352

7,330

25,449

20,725 37,909

2,788,694

2,624,748

2,666,117

1,008,662

877,576