Life360, Inc. · NASDAQ:LIF
Life360 — Shareholder Meeting (June 2023)
17 slides from Life360's shareholder meeting presentation, Jun 1, 2023
Slide 1: 2023 Annual General Meeting
2023 Annual General im Meeting 31 May 2023 9.30am AEST/ 30 May 2023 4.30pm US PT <4 WOME
Slide 2: Address John Philip Coghlan
satin Maal 6 Address John Philip Coghlan
Slide 3: CY22 Achievements
CY22 ACHIEVEMENTS Cementing our position as the market-leading family safety membership service © Delivered strong core subscription momentum fg Executed Tile integration strategy vill Established a pathway to profitability Global Monthly Active Users + 37% YoY Full team integrations of Life360, Til
Slide 4: CY22 Achievements
CY22 ACHIEVEMENTS CY22 performance Adjusted Revenue EBITDA* $228.3 $(91.6) $90.4 Million cash and cash equivalents** Million Million @ttesso 2023 Annwol General Meting [Moy2023. 4
Slide 5: ESG: Progressing Our Sustainability Journey in CY22
ESG : PROGRESSING OUR SUSTAINABILITY JOURNEY IN CY22 Life360 Core Values are Family Safety and Security i + Our Values: Refreshed values following the acquisitions of Tile and Jiobit + Culture: Established a new approach to create a culture of belonging + People and talent training: Launched a forma
Slide 6: CY22 User Highlights
CY22 USER HIGHLIGHTS Connecting families and saving lives LN Miles driven with Life360 Crash Detection 2,145,532 34,461 Help alerts sent Ambulances dispatched 8) 223 Billion 700 Billion Tile Bluetooth location updates A Vv 26 Billion Safe arrival notifications Qa 17 Million Tile “items left behind”
Slide 7: Address
satin Maal 6 Address John Philip Coghlan
Slide 8: Hulls
Hulls
Slide 9: Global MAU Reaching New Heights with Strong Retention
GLOBAL MAU REACHING NEW HEIGHTS WITH STRONG RETENTION Q1’23 year-on-year growth of 33% Life360 Core Monthly Active Users (MAU)(M) Life360 Core Returning Monthly Active Users by cohort (RMAU)*(M) 26% #0 U.S. MAU growth 8 ho i 8 RMAU strength 44% reflects increasing International 35 engagement MAU gro
Slide 10: Paying Circle Growth and Accelerating ARPPC Growth
PAYING CIRCLE GROWTH AND ACCELERATING ARPPC GROWTH Price increase accelerating ARPPC uplift Paying Circles by geography (000s)* US Paying Circles increased 15% YoY while raising prices significantly ! oe wm Q2 G3 a4 aI 22 22 22 23 QI Q2 @3 G4 QI G2 G3 G4 QI G2 G3 G4 GI G2 G3 G4 aI 18 18 1B 1% 19 19
Slide 11: Accelerating Subscription Revenue Growth
ACCELERATING SUBSCRIPTION REVENUE GROWTH AMR has more than tripled since our IPO in May 2019 Quarterly Recurring Revenue ($M)* 70 60 +41% YoY growth in ga recurring revenue 40 30 20 10 il 0 __ eee 22eeEerereea2ee2eeeo SCogogogsccgogcogoggoogg eegeeasseaseoggg 3020 4020 1 202) 302 40) 102. 202. 302.
Slide 12: Q1'23 Results Summary
Q1’23 RESULTS SUMMARY Delivering on growth $M Qr22 ar23 %chYoY _CY22Result CY23 Guidance Revenue Subscription 33.1 517 +56% 153.3 Hardware 96 10.0 +3% 479° Other 83 65 -21% 271 Total revenue 51.0 68.1 +34% 228.3 300-310 Annualized Monthly Revenue (AMR) 166.1 239.5 +44% 224.4 - Adjusted* EBITDA (13.7
Slide 13: Strategy Update
STRATEGY UPDATE 2023 Key Initiatives Invest in Drive Expand the Core Membership internationally I] Uso 01 botén $08 de tte960 st ‘note sientos seguro Amazing user Bundled Tile Launch in the UK experience drives hardware drives provides a base for engagement and improved conversion European expansion
Slide 14: Outlook
Outlook For CY23, Life360 expects to deliver: * Core Life360 subscription revenue growth (excluding Tile and Jiobit) in excess of 50% YoY; * Hardware revenue growth of 0% to 5%; / * Other revenue of approximately $26 million; f * Consolidated revenue of $300 million - $310 million; + Positive Adjust
Slide 15: Appendix: Non-GAAP Financial Measures
APPENDIX 1 Non-GAAP Financial Measures EBITDA Net loss 3 (91629) 303.587) ‘Add (deduct): Convertible notes fair value adjustment (1786) sn Derivative liability foir value adjustment” (1295) 733 Provision (benefit) for income taxes 312 (27) Depreciation and amortization ® 9199 876 Other (income) expe
Slide 16: Appendix: Non-GAAP Financial Measures
APPENDIX 1 Non-GAAP Financial Measures i tbc eens | Eeeeeed O11) memes O22] ee ee (in thousands) business, allocate our resources and assess our performance. Net loss $ (14,071) $ (25,222) EBITDA and Adjusted EBITDA Add (deduct): In addition to total revenue, net loss and other results under GAAP, w
Slide 17: Disclaimer
Disclaimer ‘This document dated $1 May 2028 has been prepared by Life360, Inc. (ARBN 629 412 942) (Company) and is provided for information purposes only. It contains summary information ‘about the Company and its activities and is current as at the date of this document. It should be read in conjun