Magnite, Inc. · NASDAQ:MGNI
Magnite — Investor Presentation (May 2020)
17 slides from Magnite's investor presentation, May 2020
Slide 1: Investor Presentation May 2020
Investor Presentation May 2020 Copyright Rubicon Project 2020
Slide 2: Safe Harbor
Safe Harbor FORWARD-LOOKING STATEMENTS This presentation includes, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you ca
Slide 3: Value Proposition
Value Proposition We provide software that enables publishers across all media including CTV, video, audio & display to maximize revenue via programmatic trading – Largest independent sell-side platform 2,000+ publishers 50+ countries – CTV Leader 150+ billion daily impressions – Omnichannel & Globa
Slide 4: Our Omnichannel Offering
Our Omnichannel Offering Combination of Two Leading SSPs Features: – TV-Like Ad Podding – Addressable CTV – Creative Controls – Robust Buyer Tools – Advanced Publisher Tools Rubicon – ID Project – Real-Time Reporting Telaria – Live Analytics 4 | CONFIDENTIAL. Both Copyright Rubicon Project 2020 4
Slide 5: Key Highlights
Key Highlights – Rubicon Project – Revenue grew 12% year over year to $36.3 million in Q1 2020 – Adjusted EBITDA was $2.8 million in Q1 2020 – Telaria (closed on April 1, 2020) – Total revenue grew 11% year over year to $15.1 million in Q1 2020 – CTV revenue grew 74% year over year to $9.1 million i
Slide 6: Now & Opportunities
Now & Opportunities Now: Opportunities: – Ad spend & revenue pressured – CTV acceleration – Impressions up – Spend & revenue growth – Up fronts cancelled – Market share gains – Sectors booming/busting – Strong incremental margins – Customer resources impacted – Demand Manager growth – Normalcy timel
Slide 7: CTV Trends = Big Opportunity
CTV Trends = Big Opportunity Consumption & Buyer Behaviors Are Changing Cord cutting An increasing Programmatic is continues to amount of CTV is driving the future of accelerate ad supported CTV Copyright Rubicon Project 2020 7
Slide 8: CTV Market Opportunity
CTV Market Opportunity Source: Bernstein Research Copyright Rubicon Project 2020 8
Slide 9: CTV Market Opportunity
CTV Market Opportunity Source: eMarketer Copyright Rubicon Project 2020 9
Slide 10: CTV Clients
CTV Clients Copyright Rubicon Project 2020 10
Slide 11: SPO Opportunity
SPO Opportunity – CTV now a critical factor – Started in early 2018 & slow in 2019 – Accelerating with economic climate – Efficiency & scale SPO – Financial stability – Independence & trust – Buyer & Seller driven – RUBI very well positioned Copyright Rubicon Project 2020 11
Slide 12: Demand Manager
Demand Manager 156 Customers Under Contract Q1 2020 Start with Build Value Open Source Tech Add Tools Prebid.js Configuration Management Prebid Server User Interface Prebid SDK Performance Analytics Demand Provide Manager Operate a Well Lit Exceptional Service Marketplace Consultative Support Privat
Slide 13: Conclusion
Conclusion – Lead in Ad Supported CTV Strategy – Omnichannel inventory offering – Focus on efficiency, speed, tools & analytics Leadership & – Experienced team Performance – Grow revenue long-term 20% or higher Goals – Long-term adjusted EBITDA margins targeted at 25% or higher Executing – Lead in C
Slide 14: Why Now
Why Now ➢ Strong possibility ad spending has bottomed and will grow ➢ CTV is taking off and we’re a market leader ➢ Great time to take share ➢ Leader in fast growing segments of audio & video ➢ Best independent monetization partner for publishers ➢ Strong balance sheet & financial position ➢ Team is
Slide 15: Q1 2020 Summary
Q1 2020 Summary Financial Measures ($MM except per share data) Three Months Ended Change 3/31/2020 3/31/2019 Favorable / (Unfavorable) Revenue Mobile revenue $21.0 $17.2 22% Desktop revenue $15.3 $15.2 -- Revenue $36.3 $32.4 12% Net income (loss) ($9.7) ($12.5) 22% Adjusted EBITDA(1) $2.8 ($0.1) 290
Slide 16: Reconciliations of Net Loss to Adjusted EBITDA
Reconciliations of Net Loss to Adjusted EBITDA Reconciliation of Net Loss to Adjusted EBITDA ($MM) Q1 2020 Q1 2019 Net loss ($9.7) ($12.5) Add back (deduct): Depreciation and amortization, excluding amortization of acquired intangible assets 6.5 7.8 Amortization of acquired intangibles 1.1 0.8 Stock
Slide 17: Reconciliations of Net Loss to Non-GAAP Net Loss
Reconciliations of Net Loss to Non-GAAP Net Loss Reconciliation of Net Loss to Non-GAAP Income (Loss) ($MM, except share figures) Q1 2020 Q1 2019 Net loss ( $9.7) ($12.5) Add back (deduct): Acquisition and related items, including amortization of acquired intangibles 3.0 0.8 Stock-based compensation