Dexcom, Inc. · NASDAQ:DXCM
Dexcom — Q2 2022 Earnings Presentation
12 slides from Dexcom's earnings presentation, Jul 28, 2022
Slide 1: Dexcom earnings Q2 2022
bexcom Dexcom earnings Q2 2022
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains “forward” looking statements that are based on our management's beliefs and assumptions and on information currently available to management. We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking
Slide 3: Second quarter 2022
Second quarter 2022 idl © Strong growth with Key Financial Strategic $696 million in revenue Highlights Highlights 17% revenue growth! Achieved record quarterly new Significantly advanced OUS (11% US; 39% OUS?) customer additions reimbursement in several countries Drove over 300 bps Showcased CGM po
Slide 4: Second quarter performance
Second quarter performance Total Revenue & Organic Growth Rate! Gross Profit and % Margin* ($m™) ($MM) $700 | $595 $650 Soo8 $629 $696 ss, $47 $447 $473 $398 $450 $560 $380 $420 $285 $280 $190 EAC = 30% +27% +20% +23% +16% Eom 70.1% 68.7% 67.7% 63.3% 64.6% $0 $0 Q2'21 Q321 Q4'21 Q122 Q2'22 Q2'21 Q32
Slide 5: 2022 Guidance as of July 28, 2022
2022 Guidance as of July 28, 2022 2022 Annual Revenue and Profitability Guidance Non-GAAP. Non-GAAP Adjusted Revenue Gross Profit Margin* Operating Margin* EBITDA Margin* Key Considerations + CGM access and awareness momentum global USD g y Previous 282-294 ~65% ~16% ~25% + Final year of significant
Slide 6: Appendix: Revenue Data and GAAP Reconciliations
bexcom Appendix Revenue Data and GAAP Reconciliations
Slide 7: Dexcom, Inc. GAAP to non-GAAP reconciliation
Dexcom, Inc. pexcom ‘Three Months Ended June 30, (in miltions) 2022 2021 (As Adjusted) GAAP operating income $ 7.0 $8 101.0 Amortization of intangible assets 19 0s Business transition and related costs ‘D 13.8 = Intellectual property litigation costs 9.2 = Non-GAAP operating income 101.9. 8 10) GAAP
Slide 8: Summary of changes to itemized GAAP and non-GAAP reconciliation
Below is a summary of the changes in our “Itemized Reconciliation Between GAAP and Non-GAAP Financial Measures” we originally reported for the three months ended June 30, 2021 under the ASC 470-20 legacy guidance compared to the new simplified convertible instruments accounting guidance (ASU 2020-06
Slide 9: Revenue Metrics By Component
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 YTD'20 YTD'21 YTD'22 Revenue Metrics By Component Sensor & Other Revenue (millions) (1) (2) $ 325.0 $ 364.5 $ 406.3 $ 465.6 $ 424.3 $ 494.5 $ 547.9 $ 598.6 $ 543.2 $ 597.7 $ 689.5 $ 918.8 $ 1,140.9 Year over year growth 53% 40% 28% 30% 31%
Slide 10: Revenue Metrics By Geography
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 YTD'20 YTD'21 YTD'22 Revenue Metrics By Geography US Revenue (millions) $ 292.3 $ 367.1 $ 398.6 $ 451.5 $ 381.2 $ 461.5 $ 489.6 $ 517.1 $ 451.2 $ 511.0 $ 659.4 $ 842.7 $ 962.2 Year over year growth 39% 38% 29% 20% 30% 26% 23% 15% 18% 11% 38
Slide 11: Organic Revenue
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 YTD'20 YTD'21 YTD'22 (1) Organic Revenue OUS Revenue - Reported $ 112.8 $ 84.7 $ 102.3 $ 117.4 $ 123.8 $ 133.6 $ 160.6 $ 181.1 $ 177.6 $ 185.2 $ 197.5 $ 257.4 $ 362.8 Impact of Acquired Revenue and Foreign Exchange 1.1 1.1 (2.4) (3.3) (5.4)
Slide 12: Definitions
Definitions: Amortization of intangible assets – We are required by GAAP to record the fair values of the intangible assets of the entity on our balance sheet and amortize them over their useful lives. We exclude these non-cash amortization charges from our non-GAAP financial measures. Business tran