#1ww wwww ww ^ ^ ^ ^ ^ ^ ! ! ! ! 114 FIFIZI x x x x x x x 77 421 NVIDIA INVESTOR PRESENTATION Q4 FY2022 February 22, 2022#2Except for the historical information contained herein, certain matters in this presentation including, but not limited to, statements as to: our financial position; our markets; the performance, benefits, abilities, impact and availability of our products and technologies; retail channels remaining low; the NVIDIA RTX ecosystem continuing to expand; demand fueled by buildouts of hybrid work environments; our partnerships, collaborations, and customers; our financial outlook; our expected tax rates and our expected capital expenditures for the first quarter of fiscal 2023; RSC's second phase later this year; our growth and growth drivers; our opportunities in existing and new markets; the world's demand for computing power continuing to grow exponentially; optimizing across the entire stack allowing NVIDIA to advance computing in the post-Moore's law era; and our goal to source 65% of global electricity use from renewable energy by fiscal year 2025 are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and any other forward-looking statements that go beyond historical facts that are made in this presentation are subject to risks and uncertainties that may cause actual results to differ materially. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences and demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems and other factors. NVIDIA has based these forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, and you should not rely upon the forward-looking statements as predictions of future events. The future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although NVIDIA believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee that future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. Except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. For a complete discussion of factors that could materially affect our financial results and operations, please refer to the reports we file from time to time with the SEC, including our Annual Report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports we file with the SEC are posted on our website and are available from NVIDIA without charge. NVIDIA uses certain non-GAAP measures in this presentation including non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non- GAAP operating margin, non-GAAP net income, non-GAAP diluted earnings per share, and free cash flow. NVIDIA believes the presentation of its non-GAAP financial measures enhances investors' overall understanding of the company's historical financial performance. The presentation of the company's non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company's financial results prepared in accordance with GAAP, and the company's non-GAAP measures may be different from non-GAAP measures used by other companies. Further information relevant to the interpretation of non- GAAP financial measures, and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures, may be found in the slide titled "Reconciliation of Non-GAAP to GAAP Financial Measures".#3CONTENT Q4 FY22 Earnings Summary Key Announcements This Quarter NVIDIA Overview Financials Reconciliation of Non-GAAP to GAAP Financial Measures#4O Q4 FY22 EARNINGS SUMMARY#5HIGHLIGHTS ▸ Record total, Gaming, Data Center and Professional Visualization revenue Total revenue up 53% y/y to $7.64B, ahead of outlook of $7.40B +/- two percent Gaming up 37% y/y to a record $3.42B; Data Center up 71% y/y to a record $3.26B Gaming driven by record desktop and laptop GeForce GPU revenue Desktop gaming led by growth in GeForce RTX 30-Series products, with continued strength at high-end Laptop gaming driven by the ramp of the new GeForce RTX 3070 Ti and 3080 Ti GPUs Availability of our gaming products in the retail channel remains low Data Center led by compute products on strong demand for NVIDIA AI Flagship A100 Tensor Core GPU continued to drive strong growth Inference-focused revenue more than tripled year-on-year Networking products also posted strong sequential and year-on-year growth NVIDIA#6Q4 FY2022 FINANCIAL SUMMARY $7,103 $7,643 GAAP Non-GAAP Q4 FY22 Y/Y Q/Q Q4 FY22 Y/Y Q/Q $6,507 Revenue $7,643 +53% +8% $7,643 +53% +8% $5,661 $5,003 67.0% 67.0% Gross Margin 65.4% +230 bps +20 bps 67.0% +150 bps 66.7% 66.2% 65.5% Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Revenue($M) Non-GAAP GM Operating Income $2,970 +97% +11% $3,677 +76% +9% Net Income $3,003 +106% +22% $3,350 +71% +13% Diluted EPS $1.18 +103% +22% $1.32 +69% +13% Cash Flow from Ops $3,033 +47% +100% $3,033 +47% +100% All dollar figures are in millions ($) other than EPS. Diluted EPS changes reflects a four-for-one stock split effective July 2021. NVIDIA#7GAMING Revenue ($M) $3,061 $2,760 $2,495 $3,221 6% q/q and 37% y/y $3,420 Highlights Record desktop revenue led by growth in GeForce RTX 30-Series GPUs, with continued strength in the high-end Record laptop revenue driven by the ramp of new GeForce RTX 3070 Ti and 3080 Ti GPUs Fourth-generation Max-Q technology enables quiet, thin and light new gaming laptops Availability of our gaming products in the channel remains low NVIDIA RTX ecosystem continues to expand; 30+ new RTX games & applications added in Q4 Nearly all desktop NVIDIA Ampere architecture GeForce GPU shipments are Lite Hash Rate Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 NVIDIA#8DATA CENTER Revenue ($M) $2,366 $2,936 11% q/q and 71% y/y $3,263 Highlights Growth was led by compute products on strong demand for NVIDIA AI Driven by fast-growing Al workloads such as natural language processing & deep-learning recommendation systems, and cloud computing Hyperscale and public cloud revenue more than doubled y/y Vertical industries posted strong double-digit y/y growth, led by consumer internet customers Inference-focused revenue more than tripled y/y, enabled by widespread adoption of our Triton Inference Server Software Networking posted strong q/q and y/y growth; anticipate improving capacity in coming quarters $2,048 $1,903 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 NVIDIA#9$372 $307 Q4FY21 PROFESSIONAL VISUALIZATION Revenue ($M) $519 $577 11% q/q and 109% y/y $643 Highlights Strong demand fueled by buildouts of hybrid work environments, as well as growth in key workloads including 3D design, Al and rendering Sequential growth driven by a shift to higher- value workstations, and the continued ramp of the NVIDIA Ampere architecture Customer feedback for NVIDIA Omniverse has been very positive, with multiple significant enterprise licensees already signed Q1FY22 Q2FY22 Q3FY22 Q4FY22 NVIDIA#10Revenue ($M) $154 $152 $145 $135 AUTOMOTIVE 7% q/q and 14% y/y $125 Highlights Decline driven by legacy cockpit revenue and automotive makers' supply constraints, partially offset by ramp of self-driving programs Started shipments of NVIDIA DRIVE Orin SoC Expect to return to sequential revenue growth in Q1, with a more meaningful inflection in 2H of fiscal 2023 and momentum building beyond Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 NVIDIA#11SOURCES & USES OF CASH Cash Flow from Operations ($M) $2,067 $1,874 $2,682 $1,519 47% y/y and 100% q/q $3,033 Highlights Record Q4 cash flow from operations Returned $100M to shareholders in the form of cash dividends Invested $294M in capex (includes principal payments on PP&E) Ended the quarter with $21.2B in gross cash and $11.0B in debt, $10.2B in net cash Gross cash is defined as cash/cash equivalents & marketable securities. Debt is defined as principal value of debt. Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Net cash is defined as gross cash less debt. NVIDIA#12Q1 FY2023 OUTLOOK Revenue - $8.10 billion, plus or minus two percent We expect sequential growth to be driven primarily by Data Center. Gaming will also contribute to growth Gross Margin - 65.2% GAAP and 67.0% non-GAAP, plus or minus 50 basis points Operating Expense - $3.55 billion GAAP, including the Arm write-off of $1.36 billion, and $1.60 billion non-GAAP For the fiscal-year, we expect to grow non-GAAP operating expenses at a similar percent as in fiscal 2022 Other Income & Expense - Net expense of approximately $55 million for both GAAP and non-GAAP, excluding gains and losses on non-affiliated investments Tax Rate - 11% GAAP and 13% non-GAAP, plus or minus one percent, excluding discrete items Capital Expenditure - Approximately $350 million to $400 million NVIDIA#13O KEY ANNOUNCEMENTS THIS QUARTER#14NVIDIA GEFORCE RTX 3050 Making RTX-Powered Ray Tracing and DLSS More Accessible Than Ever GeForce RTX 3050 GPUs come equipped with 2nd gen RT Cores for ray tracing and 3rd gen Tensor Cores for DLSS/AI Enables gameplay of ray traced games on a 50-class GPU at over 60 FPS for the first time, bringing RTX and accelerated Al technologies to more mainstream audiences Starting at an MSRP of $249, RTX 3050 cards include other features such as: NVIDIA Reflex to minimize system latency in games NVIDIA Broadcast for Al-powered voice and video NVIDIA Encoder for great streaming NVIDIA Studio to accelerate and enhance creative applications EARTH INDO Eve 000 NVIDIA#15NEW GEFORCE RTX 3080 TI AND 3070 TI LAPTOP GPUS Greater Performance in Thin and Light Designs Announced over 160 new laptops built on the RTX 30 Series and based on the latest 4th gen of Max-Q technologies New NVIDIA Studio laptops are on average 7x faster than the latest MacBook Pro 16 for 3D rendering GeForce RTX 3080 Ti laptops start at $2,499; RTX 3070 Ti laptops start at $1,499 TROKOV RAINBOWS FORTNITE Bright EXIL TROKOY MINECRAFT RANEOWS EXTRACTIO METRO NVIDIA#16NVIDIA GEFORCE NOW More Games, More Devices and More Networks Extended EA's library of games on GeForce NOW (GFN) with Battlefield 4 and Battlefield V now streamable Announced a collaboration with Samsung to integrate GeForce NOW in its Smart TVs, starting in Q2 of this year. This follows the recent beta release of the GeForce NOW app for LG Smart TVs Teamed up with AT&T to help bring GeForce NOW to 5G mobile devices. Customers with a 5G device on a qualified plan can get a 6 months GFN Priority membership at no charge NVIDIA. GEFORCE NOW™ APEX 立 NVIDIA#17META BUILDS MASSIVE AI RESEARCH SUPERCOMPUTER WITH NVIDIA The Largest NVIDIA DGX A100 Customer System to Date Meta Platforms unveiled its new Al supercomputer, Research SuperCluster (RSC) Based on 760 NVIDIA DGX A100 systems that pack a total of ~6.1K NVIDIA A100 GPUs linked on an NVIDIA Quantum 200Gb/s InfiniBand network to deliver -1.8K petaflops of TF32 performance Early benchmarks show RSC can train large natural-language processing models 3x faster and run computer vision jobs 20x faster than the prior system, based on NVIDIA V100 In a second phase later this year, RSC will expand to ~16K GPUs that Meta believes will deliver 5 exaflops of mixed precision Al performance 999999 NVIDIA#18JAGUAR LAND ROVER STRATEGIC PARTNERSHIP Redefining Modern Luxury, Infusing Intelligence Into The Customer Experience Starting in calendar 2025, all new Jaguar and Land Rover (JLR) vehicles will be built on the NVIDIA DRIVE platform Enables a new business model that offers downloadable AV and Al services to fleet of software-defined JLR vehicles Based on NVIDIA DRIVE Hyperion which features: DRIVE Orin centralized AV computers DRIVE AV and DRIVE IX software Safety, security and networking systems; plus, surround sensors JLR will also leverage in-house developed data center solutions with NVIDIA DGX for training Al models and DRIVE Sim software for real-time physically accurate simulation INDIA NVIDIA#19NVIDIA FLARE SDK BRINGS COLLABORATIVE AI TO HEALTHCARE New Open-Source Software Development Kit for Federated Learning Used for Al Applications NVIDIA FLARE allows researchers and data scientists to collaborate on training or evaluating Al models without having to pool or exchange each group's proprietary datasets Roche Digital Pathology used NVIDIA FLARE to run a successful internal simulation using whole slide images for classification Erasmus Medical Center used it for an Al application that identifies genetic variants associated with schizophrenia cases H NVIDIA FLARE will be used to power federated learning solutions at American College of Radiology (ACR), Flywheel, Taiwan Web Service Corporation and Rhino Health H NVIDIA#20NVIDIA OMNIVERSE Free Version of Omniverse Generally Available for Individual Creators Announced general availability of a free version of Omniverse for individuals Omniverse allows creators with RTX GPUs to connect leading 3D design applications to a single scene and supercharge their work with Al and physics Announced early access to Nucleus Cloud, which adds one- click capability to collaborate with other artists, whether across the room or across the globe 10000 NVIDIA#21NVIDIA ISAAC AMR PLATFORM Built for the $9 Trillion Logistics Industry Announced the Isaac Autonomous Mobile Robot (AMR) platform for digital twin applications Using Omniverse, and securely orchestrated and cloud- delivered with Fleet Command, Isaac AMR optimizes operational efficiency and accelerates deployment of autonomous machines Isaac AMR consists of several NVIDIA AI technologies and SDKs: NVIDIA DeepMap for high-accuracy maps NVIDIA Metropolis for situational awareness NVIDIA ReOpt for real-time route optimization NVIDIA#22O NVIDIA OVERVIEW#23سرت NVIDIA - A COMPUTING PLATFORM COMPANY EE t Headquarters: Santa Clara, CA Headcount: -22,500 NVIDIA pioneered accelerated computing to help solve the most challenging computational problems. The approach is broadly recognized as the way to advance computing as Moore's law ends and Al lifts off. NVIDIA's platform is installed in several hundred million computers, is available in every cloud and from every server maker, powers 355 of the TOP500 supercomputers, and boasts 3.0 million developers.#24NVIDIA AT A GLANCE Accelerated Computing Pioneer BRIEF HISTORY 1993: Founded by Jensen Huang, Chris Malachowsky, and Curtis Priem 1999: IPO on NASDAQ at $12 (prior to 5 stock splits, now 48:1) 2001: Xbox win; fastest semiconductor company to reach $1B in sales 2006: Unveils CUDA architecture, expanding to scientific computing 2016: Introduces first products for Al and autonomous driving 2020: Acquires Mellanox for $7B; launches DPU as new processor class REVENUE BY MARKET PLATFORM $16.7B $11.7B $10.9B $9.7B $26.9B FY18 FY19 FY20 FY21 FY22 ■Gaming I Data Center ProViz Auto I OEM & Others RECOGNITIONS Harvard Business Review's The CEO 100 Fortune's Best Places to Work MIT Tech Review's 50 Smartest Companies Fortune's World's Most Admired Companies Forbes JUST 100 Best Corporate Citizens Dow Jones Sustainability Index FROM CHIP VENDOR TO COMPUTING PLATFORM 1999 GM 30%+ GTX 980Ti 2014 GM 50%+ GAMING HPC PRO VIZ ΑΙ Health- care Trans- portation Smart City/IOT Robotics CUDA-X CUDA ARCHITECTURE SYSTEMS DATA CENTER FY22 GM -65% NVIDIA#25TREMENDOUS MARKET FORCES DRIVING NVIDIA GROWTH NVIDIA ION NVIDIA Gaming Artificial Intelligence Data Center Al on 5G Autonomous Systems Omniverse NVIDIA#26OUR CORE BUSINESSES FY22 Revenue $12.5B, 5-year CAGR of 25% Strong market position and technology leadership Compounded long-term unit and ASP growth 200M+ gamers on GeForce Strong Gaming ecosystem Multiple secular growth drivers: adoption of RTX, expanding population of gamers and creators, eSports, VR, rising production value of games, gaming laptops and cloud gaming Gaming 46% of FY22 Rev FY22 Revenue of $10.6B, 5-year CAGR of 66% Leader in deep learning/Al - used by all major cloud computing providers and thousands of enterprises Leader in Supercomputing - in 8 of the top 10 and 342 of the TOP500 Multiple secular growth drivers: fast growing adoption of Al and graphics in every major industry; rising compute needs unmet by conventional approaches such as x86 CPUs; data- center scale computing Data Center 40% of FY22 Rev FY22 Revenue of $2.1B, 5-year CAGR of 20% 90%+ market share in graphics for workstations Diversified end markets, e.g. media & entertainment, architecture, engineering & construction, public sector Strong software ecosystem Multiple secular growth drivers: adoption of RTX, hybrid work environments and collaborative 3D design, AR/VR, AI and virtual world workloads, Omniverse Enterprise software Professional Visualization 8% of FY22 Rev FY22 Revenue of $566M, 5-year CAGR of 3% Historical revenue driven largely by infotainment Future growth largely driven by Autonomous Vehicles, where NVIDIA offers a full hardware & software stack Over $8B design win pipeline Multiple secular growth drivers: transition to self- driving, software-defined cars, with new software and services business models Automotive 2% of FY22 Rev ASP = Average Selling Price. Gamers are defined as consumers who purchase our GPUs to play video games. 200M+ gamers on our platform as of August 2020. FY22 ended 1/30/2022. NVIDIA#276 3 4 FY21 O 40 40 17 47 40 40 STRONG, PROFITABLE GROWTH 8 FY22 2 4 ■Gaming I Data Center ProViz Auto Gaming Data Center ProViz Auto I OEM & Others Business Mix (%) OEM & Others Revenue ($M) Gross Margin Operating Margin 30,000 100% 25,000 46 46 20,000 90% 80% 67% 66% 70% 15,000 62% 63% 60% 10,000 60% 47% 50% 41% 5,000 37% 38% 40% 34% 0 30% FY18 FY19 FY20 FY21 FY22 Sustained Profitability (showing non-GAAP margins) Refer to Appendix for reconciliation of Non-GAAP measures. Gross margin and operating margin are rounded to the nearest percent in the charts above. NVIDIA#28WHY ACCELERATED COMPUTING? Advancing Computing in the Post-Moore's Law Era The world's demand for computing power continues to grow exponentially, yet CPUs are no longer keeping up as Moore's law has ended. NVIDIA pioneered GPU-accelerated computing to solve this challenge. Optimizing across the entire stack - from silicon to software allows NVIDIA to advance computing in the post-Moore's law era for large and important markets. Gaming, Pro Viz, High Performance Computing (HPC), Al, Cloud, Transportation, Healthcare, Robotics, and the Internet of Things (IOT). 109 108 GPU-Computing perf 107 2X per year 1000X In 10 years 106 105 104 103 102 1980 Single-threaded CPU perf 1990 1.5X perf per year 1.1X per year 2000 2010 2020 2030 NVIDIA#29WORLD LEADER IN ACCELERATED COMPUTING Our Four Market Platforms & Key Brands NVIDIA NVIDIA NVIDIA Gaming GeForce GPUs for PC Gamers Data Center DGX/HGX/EGX for HPC/AI Compute NVIDIA Networking Professional Visualization Quadro/NVIDIA RTX for Workstations Auto DRIVE for Autonomous Vehicles NVIDIA#3025% 5-YR CAGR $6,246 $5,513 $5,518 $7,759 GAMING GeForce - The World's Largest Gaming Platform $12,462 #1 in PC gaming with more than 3X the revenue of the other major GPU vendor Expanding the market with gaming laptops and cloud gaming Powering the Nintendo Switch console FY18 FY19 FY20 FY21 FY22 Revenue ($M) Highlights RTX 208 BATTLEFIELY THESE FORTNITE grand Cher SAUGOMOV 200M+ Gamers on GeForce NVIDIA#31DATA CENTER High Performance Computing (HPC) and Al 3.0M 3.0M $10,613 2.5M 66% 5-YR CAGR $6,696 2.0M $1,932 $2,932 $2,983 1.5M 1.0M 0 aws Alibaba Cloud ▲ Azure Baidu Cloud NVIDIA Share of New TOP500 Systems 41% 34% IBM Cloud 24% Google Cloud Platform 0 ORACLE CLOUD Tencent Cloud FY18 FY19 FY20 FY21 FY22 2005 2010 2015 2022 Revenue ($M) Registered NVIDIA Developers Every Major Cloud Provider 70% 70% SC17 SC18 SC19 SC20 SC21 In over 70% of systems on the list, including 90% of all new systems SC20 and SC21 results include MLNX 90%+ Share of Accelerators in Supercomputing NVIDIA#3220% 5-YR CAGR $2,111 PROFESSIONAL VISUALIZATION Workstation Graphics Accelerate Rendering AR/VR Data Science AUTODESK Ansys ARNOLD SPEOS blender D D5 RENDER DAZ STUDIO FLAME AUTODESK F M AUTODESK MAYA Simulation and Sci Viz Virtual Workstations BS CATIA IC.IDO Dn D-NOISE ENSCAPE™ Foundry $1,212 $1,130 KeyShot MODO $1,053 $934 NVIDIA NOTCH Builder Lr Iray ☑ octanerender FY18 FY19 FY20 FY21 FY22 Revenue ($M) REDSHIFT Remingto SUBSTANCE ALCHEMIST SUBSTANCE DESIGNER UNREAL ENGINE n SIEMENS S SOLIDWORKS I Visualize .9. NX SUBSTANCE PAINTER THEA RENDER weta DIGITAL Ovray V AUTODESK VRED 50+ Applications Unlocking New Markets unity QUADRO 45M Designers and Creatives NVIDIA#333% 5-YR CAGR $558 $641 $700 $566 $536 FY18 FY19 FY20 FY21 FY22 Revenue ($M) AUTO Infotainment and Autonomous Vehicles SO 46 46 40 30 20 10 14 0 29 26 L 10 Cars Trucks Tier 1s Robo taxis RANGE ROVER 81 176 UYÊN JAGUAR 45 KR2309 VOLVO Mapping Sensors Software NVIDIA DRIVE Partners 滴滴 MERCEDES-BENZ DIDI ZF SEE THINLACE TECH MADE SIMPLE XPENG 图森 Simple Strong Partnership / Ecosystem NVIDIA#34Reaching 200M+ PC gamers Every Major PC OEM/ODM Every Major Graphics Card Manufacturer LARGE AND DIVERSE CUSTOMER BASE Reaching Hundreds of Millions of End Users Through Hundreds of Customers Cloud aws Alibaba Group Azure Google Cloud IBM Cloud ORACLE CLOUD I Tencent Cloud 70 PORSCHE LAND- -ROVER JAGUAR 45M Designers/Creatives SAIC NIO HPC ORNL Summit LLNL Sierra Piz Daint ABCI Vertical Industry FOXCONN Walmart ** UNITED STATES POSTAL SERVICE 20M Enterprise Users Data Center Pro Visualization HYUNDAI MOTOR GROUP B M Gaming Auto No customer Larger Than 10% of Total Revenue for the Last 2 Fiscal Years M NVIDIA#35FINANCIALS O#36W$ ANNUAL CASH & CASH FLOW METRICS OPERATING INCOME (NON-GAAP) 6,803 4,407 3,617 3,735 W$ 12,690 W$ OPERATING CASH FLOW 5,822 4,761 3,502 3,743 CASH BALANCE 9,108 21,208 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FREE CASH FLOW (NON-GAAP) 4,677 4,272 2,909 3,143 8,049 W$ 10,897 11,561 7,108 7,422 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Cash balance is defined as cash and cash equivalents plus marketable securities NVIDIA#37COMMITMENT TO ESG Building One of the World's Great Companies Through People, Innovation, and Energy Efficient Technology PEOPLE FIRST glassdoor BEST PLACES TO WORK 202 "America's Most Just Companies" FORBES "100 Best Companies to Work For" FORTUNE "Most Responsible Companies" NEWSWEEK "Best Places to Work for LGBT Equality" HUMAN RIGHTS CAMPAIGN SOCIETAL INNOVATION Computing technologies that improve lives and address global challenges. ENERGY AND SUSTAINABILITY The GREEN 500 NVIDIA powers 23 of the 25 most energy efficient supercomputers (as of Nov 2021) NVIDIA GPUs are up to 42 times more efficient than CPUs for Al workloads 100% of our global electricity use from renewable energy by FY25 NVIDIA#38O RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES#39RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES GROSS MARGIN NON-GAAP ACQUISITION- RELATED AND STOCK-BASED IP-RELATED COMPENSATION GAAP COSTS OTHER COSTS (A) (B) Q4 FY2021 65.5% (1.9) (0.5) 63.1% Q1 FY2022 66.2% (1.6) (0.4) (0.1) 64.1% Q2 FY2022 66.7% (1.3) (0.5) (0.1) 64.8% Q3 FY2022 67.0% (1.2) (0.6) 65.2% Q4 FY2022 67.0% (1.1) (0.5) 65.4% A. Consists of amortization of intangible assets B. Stock-based compensation charge was allocated to cost of goods sold NVIDIA#40RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) GROSS MARGIN NON-GAAP ACQUISITION- RELATED AND OTHER COSTS (A) STOCK-BASED COMPENSATION IP-RELATED GAAP COSTS (B) FY 2018 60.2% (0.3) 59.9% FY 2019 61.7% (0.2) (0.3) 61.2% FY 2020 62.5% (0.4) (0.1) 62.0% FY 2021 65.6% (2.6) (0.5) (0.2) 62.3% FY 2022 66.8% (1.4) (0.5) 64.9% A. Consists of amortization of intangible assets and inventory step-up B. Stock-based compensation charge was allocated to cost of goods sold NVIDIA#41RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) OPERATING MARGIN ($ IN MILLIONS & MARGIN PERCENTAGE) NON-GAAP ACQUISITION- RELATED AND OTHER COSTS (A) STOCK-BASED COMPENSATION OTHER GAAP (C) (B) $3,617 (13) (391) (3) $3,210 FY 2018 37.2% (0.2) (4.0) 33.0% $4,407 (2) (557) (44) $3,804 FY 2019 37.6% (4.7) (0.4) 32.5% $3,735 (31) (844) (14) $2,846 FY 2020 34.2% (0.3) (7.7) (0.1) 26.1% $6,803 (836) (1,397) (38) $4,532 FY 2021 40.8% (5.0) (8.4) (0.2) 27.2% $12,690 (636) (2,004) (9) $10,041 FY 2022 47.2% (2.5) (7.4) 37.3% A. Consists of amortization of acquisition-related intangible assets, inventory step-up, transaction costs, compensation charges, and other costs B. Stock-based compensation charge was allocated to cost of goods sold, research and development expense, and sales, general and administrative expense C. Comprises of IP-related costs, legal settlement costs, contributions, and restructuring and other charges NVIDIA#42RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) NON-GAAP ACQUISITION- RELATED AND OTHER COSTS STOCK-BASED COMPENSATION (B) OTHER (C) TAX IMPACT OF DOMESTICATION TAX BENEFIT ADJUSTMENTS FOREIGN TAX BENEFIT GAAP (A) Q4 FY2022 Operating income $3,677 (156) (551) $2,970 ($ in million) Net income $3,350 (156) (551) (53) 330 (7) 90 $3,003 ($ in million) Shares used in diluted per share 2,545 2,545 calculation (millions) Diluted EPS $1.32 $1.18 A. Consists of amortization of intangible assets, transaction costs, and certain compensation charges. B. Stock-based compensation charge was allocated to cost of goods sold, research and development expense, and sales, general and administrative expense. C. Other comprises of net losses from non-affiliated investments NVIDIA#43RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (CONTD.) ($ IN MILLIONS) FREE CASH FLOW PURCHASES RELATED TO PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS PRINCIPAL PAYMENTS ON PROPERTY AND EQUIPMENT 593 NET CASH PROVIDED BY OPERATING ACTIVITIES FY 2018 $2,909 $3,502 FY 2019 $3,143 600 $3,743 FY 2020 $4,272 489 $4,761 FY 2021 $4,677 1,128 17 $5,822 FY 2022 $8,049 976 83 $9,108 NVIDIA#44RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES ($ IN MILLIONS) Non-GAAP gross margin Impact of stock-based compensation expense and acquisition-related costs GAAP gross margin Non-GAAP operating expenses Arm write-off cost Stock-based compensation expense and acquisition-related costs GAAP operating expenses Q1 FY2023 OUTLOOK 67.0% (1.8%) 65.2% $1,600 1,357 593 $3,550 NVIDIA#45777 NVIDIA® CC 3333 ****** www ww wwww ٣١١