Slide 1: 2021 Q1 Earnings
2021 Q1 Earnings May 24, 2021
Slide 2: Disclaimer
Disclaimer Information in this presentation and the accompanying oral presentation (the “Presentation”), including, among others, any statements regarding Agora’s market position, customer data and other metrics, is based on data and analyses from various sources as of the date of this Presentation,
Slide 3: 2021 Q1 Business Highlights
2021 Qi Business Highlights agora
Slide 4: Steady Growth in Developers and Customers
Steady Growth in Developers and Customers ACCUMULATED REGISTERED APPLICATIONS (1)(3) ACTIVE CUSTOMERS (2)(3) 306,000 2,324 272,000 2,095 245,000 1,815 217,000 183,000 1,486 1,176 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Notes: (1) Refer to number of registered applicatio
Slide 5: Emerging Use Cases
Emerging Use Cases Virtual Tours Tourists can join a live-streamed tour directly from their living room, where local guides introduces the destination and share their sights and culture according to tourists’ interests with real-time interactions. 5
Slide 6: Emerging Use Cases
Emerging Use Cases Remote Trust Solutions House closings and notarization Enable online mandatory in-person meetings Provide verification and enablement services to legal and financial providers 6
Slide 7: Partnership with Wipro
Partnership with Wipro Combine AR and real-time video Enable remote expert consultation for wide range of enterprise customers Increase productivity and customer and employee engagement (1) AR: Augmented Reality 7
Slide 8: Partnership with HTC
Partnership with HTC Bring Real-Time Engagement to XR and VR Enable XR live streaming on any device to share immersive experience Making VR experience more accessible, productive, and enjoyable XR with RTE will drive the next generation of workplace collaboration and entertainment (1) XR: Extended R
Slide 9: Product Update
Product Update Agora SDK Version 3.4 Chat and Whiteboard APIs Achieves sub-second latency while Completed acquisitions of maintaining the same playback Easemob and Netless and business fluency as traditional CDN integration for the China market Integration for US and other markets is well under way
Slide 10: Agora Startup Program
Agora Startup Program Helping developers all over the world to build more immersive real-time engagement use cases 10
Slide 11: 2021 Q1 Financial Update
2021 Q1 Financial Update agora
Slide 12: Strong Revenue Growth
Strong Revenue Growth TOTAL REVENUES in US$M YoY 13% $40.2 $35.6 $33.9 $33.3 $30.8 $19.1 $17.0 $14.9 $13.4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 12
Slide 13: Removal of COVID-19 Impact in China
Removal of COVID-19 Impact in China ADJUSTED TOTAL REVENUES (1) in US$M $40.2 YoY 81% $33.3 $30.8 $27.0 $22.2 $19.1 $17.0 $14.9 $13.4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 Notes: 1. Total revenues in 20Q1 and 20Q2 have been positively impacted by the spike of usage due to COVID-19 in China. I
Slide 14: Consistent and Expanding Usage
Consistent and Expanding Usage CONSTANT CURRENCY DOLLAR–BASED NET EXPANSION RATE (1)(2) 188% 183% 179% 166% 131% 131% Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Notes: 1. Agora calculates Dollar-Based Net Expansion Rate for a trailing 12-month period by first identifying all customers in the prior 12
Slide 15: Removal of COVID-19 Impact in China
Removal of COVID-19 Impact in China ADJUSTED CONSTANT CURRENCY DOLLAR–BASED NET EXPANSION RATE (1) 155% 149% 149% 146% 142% 131% Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Notes: 1. Adjusted Constant Currency Dollar-Based Net Expansion Rate is calculated the same way as Constant Currency Dollar-Based
Slide 16: Costs, Expenses and Margins
Costs, Expenses and Margins 1Q20 1Q21 GAAP Results Non-GAAP Results(1) GAAP Results Non-GAAP Results Total Revenues $35.6M $35.6M $40.2M $40.2M Cost of Goods Sold 31.2% 30.9% 41.9% 41.6% Gross Margin 68.8% 69.1% 58.1% 58.4% As % of Revenue Research & Development 32.9% 29.7% 62.7% 43.3% Sales & Marke
Slide 17: Healthy Cash Flow
Healthy Cash Flow OPERATING CASH FLOW FREE CASH FLOW in US$M in US$M $7.5 $3.6 $2.0 $(0.9) $(1.4) $(1.9) $(2.7) $(3.4) $(5.1) $(8.0) 1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21 17
Slide 18: Robust Liquidity Position
Robust Liquidity Position NET ASSETS CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS in US$M in US$M $897 $877 $655 $656 $656 $641 $635 $635 $167 $152 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 18
Slide 19: Appendix
Appendix agora
Slide 20: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Gross Margin (US$000’s) 20Q1(1) 21Q1 Total Revenues 35,560 40,225 GAAP Gross Profit 24,478 23,372 (+) Share-based Compensation 116 133 Non-GAAP Gross Profit 24,594 23,505 Non-GAAP Gross Margin 69.1% 58.4% Research & Development Expenses (US$000’s) GAAP Research & Deve
Slide 21: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation General & Administrative (US$000’s) 20Q1(1) 21Q1 GAAP General & Administrative 3,545 5,721 (-) Share-based Compensation (871) (1,226) (-) Amortization Expense of Acquired Intangible Assets - (10) Non-GAAP General Administrative 2,674 4,485 Operating Margin (US$000’s)
Slide 22: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Adjusted EBITDA (US$000’s) 20Q1(1) 21Q1 Total Revenues 35,560 40,225 GAAP Operating Income/(Loss) 3,266 (16,012) (+) Share-based Compensation 2,672 6,075 (+) Acquisition Related Expenses - 4,122 (+) Amortization Expense of Acquired Intangible Assets - 192 (+) Deprecia
Slide 23: Thank you.
Thank you. agora