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Page 1: SNX_Corp_Q4_2007
Page 2: SNX_Corp_Q4_2007

1

Safe Harbor Statement

This presentation may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements include, but are not limited to, our goal to reach a double digit return on invested capital, expectations of our revenues, gross margins, net income and earnings per share for the first quarter of fiscal 2008, the consolidation of our Canadian facilities and the related expenses and impact on our earnings per share, the impact of integrating RGC and the related expenses and the timing of these expenses, the expectation of our business going forward including our recent acquisitions and expected results of our business process outsourcing services and statements regarding our expected tax rate for 2008 which are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in these forward-looking statements.

Please refer to documents filed with the Securities and Exchange Commission, specifically our most recent form 10Q, for information on risk factors that could cause actual results to differ materially from those discussed in these forward looking statements.

Page 3: SNX_Corp_Q4_2007

2

Non GAAP Financial Information

The “Non-GAAP” data contained in this presentation are included with the intention of providing investors a more complete understanding of our operational results and trends, but should only be used in conjunction with results reported in accordance with Generally Accepted Accounting Principles, or GAAP. The Non-GAAP financial measures enable investorsto analyze the base financial and operating performance of the Companyand facilitate period-to-period comparisons and analysis of operating trends. Non-GAAP measures presented in this presentation or other presentations, press releases and similar documents issued by the Company, exclude restructuring charges and other related non-cash compensation expense, non operating settlement gains or losses, changes in valuation allowances for deferred tax assets and other infrequent or unusual items. A detailed reconciliation of the adjustments between results calculated using GAAP and Non-GAAP in this presentation is contained in the attached financial summary.

Page 4: SNX_Corp_Q4_2007

3

SYNNEX Corporation

A Leading Business Process Services Company

Full Service: Broadline/Solutions Distribution, Contract Assembly, Business Process Outsourcing (BPO)

27 Years of Operating History

FY 2007 Revenues of $7.00 Billion

Consistent Performer: 82 ConsecutiveGAAP Profitable Quarters

Distinctive, Efficient and Cost Effective Business Model

Seasoned Executive Management Team withan Average of 20 Years Direct Channel Experience

Established Long Standing Industry Relationships

Fortune 500 Company

Page 5: SNX_Corp_Q4_2007

4

SYNNEX Differentiation

Growing Full Service Supply Chain Player– Channel Assembly, Integration, Distribution and

Business Process Outsourcing (BPO)Deep Vendor Knowledge Base & Relationships

– Corporate Focus on Select Vendors

Proprietary IT System– Operational Transparency to All Levels of the

Organization– Real-Time Data Access

Decentralized Warehouse Strategy– Right product, right location, closest to end

customer– Fast time to market

Global Operational Presence– 24 x 7 Operation– Leveraged use of overhead costs

Page 6: SNX_Corp_Q4_2007

5

SYNNEX’ Multi National Presence

United StatesAtlanta, GeorgiaChantilly, VirginiaChicago, IllinoisDallas, TexasFremont , California

(Corporate Headquarters)(Configuration/Assembly

Site)Greenville, South Carolina

(Sales and Marketing Headquarters)Las Vegas, NevadaLos Angeles, CaliforniaLyndhurst, New JerseyMemphis, Tennessee

(Configuration/Assembly Site)Miami, Florida Portland, OregonRochester, New York

United KingdomTelford, United Kingdom

(Configuration/Assembly Site)

Asia/PacificBeijing, ChinaChengdu, China

Manila, Philippines

CanadaCalgary, ABGuelph, ONHalifax, NSMontreal, QCToronto, ONVancouver, BCWinnipeg, MB

Latin AmericaMexico City, Mexico

Page 7: SNX_Corp_Q4_2007

Financial Overview

Page 8: SNX_Corp_Q4_2007

SYNNEX’ fiscal year ends on November 30th.

Strong and Consistent Revenue Growth

$3.94

$5.15

$5.64

$6.34

$7.00

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

2003 2004 2005 2006 2007

Billions

Page 9: SNX_Corp_Q4_2007

Operating Income

*Operating income from continuing operations before non-operating items, incomes taxes and minority interest.

$57.0

$77.7 $78.9

$96.2

$112.4

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

2003 2004 2005 2006 2007

Millions

Page 10: SNX_Corp_Q4_2007

SYNNEX’ fiscal year ends on November 30th.

Consistent Quarterly Revenue Growth

1.31 1.35 1.39

1.591.50 1.51

1.59

1.74

1.50 1.511.59

1.74

1.591.68

1.76

1.97

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

Prior Year Current Year

Quarter Over Quarter Comparison

2006 2007

Billions

Page 11: SNX_Corp_Q4_2007

1.25%*1.37% 1.42%*

1.53%1.48% 1.48% 1.48%

1.62%

1.48% 1.48% 1.48%1.62% 1.57% 1.53%

1.39%*

1.87%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

1 2 3 4 5 6 7 8

Prior Year Current Year

101010

20072006

Solid Operating Income PercentageO

pera

ting

Inco

me

as a

% o

f Rev

enue

All numbers reflect GAAP results, SYNNEX’s fiscal year ends on November 30th.* Q1 05, Q3 05 and Q3 07 include one-time restructuring items and non-recurring items associated with the Company’s operations in Canada.

Page 12: SNX_Corp_Q4_2007

Strategies For Growth

Page 13: SNX_Corp_Q4_2007

North American IT Spending in Hardware and Packaged SoftwareEstimated at $276 Billion in 2008. Source: IDC

North American IT Channel Spending Estimatedat $51 Billion in 2008. Source: IDC, Company Estimate & NPD Data

SYNNEX IT Channel Market Share approximately 15%.Source: Estimate based on 2008 Consensus Forecast per Thomas Financial, IDC and NPD Data

BPO Market Size Estimated to be Approximately $175 Billion by 2010. Source: Gartner Group

System Components

Market Opportunity

Peripherals IT Systems

Software

Networking5-9%

8-12%

31-35%

17-21%

29-33%

SYNNEX Product CategorizationQ4 2007

Page 14: SNX_Corp_Q4_2007

Our Growth Strategy

Growth in IT Channel

Grow MarketShare

Customer Count Top 100

Vendor Additions

Enterprise/Solution DistributionIntegration/

ConfigurationAssembly

Consumer Electronics Distribution

Demand Generation Marketing

Contact Center Support

Logistics

Opportunistic Acquisitions− Synergy− Price/ROIC− Ease of Integration− Complimentary BPO

Services

O r g a n i c G r o w t h

O r g a n i c G r o w t h

Page 15: SNX_Corp_Q4_2007

14

SYNNEX Investment Highlights

VALUEVALUE

Organizational Responsiveness

Outstanding Financial Performance Growth Potential

Highest Efficiency

Seasoned ManagementTeam

Customer Satisfaction

Innovation

Velocity Visibility

Page 16: SNX_Corp_Q4_2007

Thank You