Magnite, Inc. · NASDAQ:MGNI
Magnite — Q4 2014 Earnings Presentation
10 slides from Magnite's earnings presentation, Feb 24, 2015
Slide 1: Q4 and FY 2014 Financial Highlights
Leading the Automation of Advertising Q4 and FY 2014 Financial Highlights February 24, 2015
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements These materials may contain forward-looking statements concerning or implying continued or accelerating growth in managed revenue, revenue, adjusted EBITDA, transaction volumes, and pricing; expected increase in client utilization of our offerings; and sources
Slide 3: Q4 highlights: managed revenue, revenue + Adjusted EBITDA
Q4 highlights: managed revenue, revenue + Adjusted EBITDA Q4 Managed Revenue(1) Q4 Revenue Q4 Adjusted EBITDA(1) ($MM) ($MM) ($MM) $13.3 $41.8 $216 $158 $28.1 Axis Title Axis Title $6.5 19.3% 17.8% Q4 2013 Q4 2014 Q4 2013 Q4 2014 Q4 2013 Q4 2014 TAKE RATE (1) The appendix provides a definition of ma
Slide 4: FY highlights: managed revenue, revenue and Adjusted EBITDA
FY highlights: managed revenue, revenue and Adjusted EBITDA 2014 Managed Revenue(1) 2014 Revenue 2014 Adjusted EBITDA(1) ($MM) $668 ($MM) ($MM) $125.3 $19.1 $112.5 $485 $83.8 $11.2 18.8% Axis Title 17.3% 2014 Guidance as of 5/2014 2013 2014 FY 2013 2014 Guidance FY 2014 FY 2013 FY 2014 TAKE RATE as
Slide 5: Growth in revenue per seller & buyer demonstrates value proposition
Growth in revenue per seller & buyer demonstrates value proposition RTB Managed Revenue(1) by Seller Cohort Avg. Managed Revenue(1) / Buyer $1,708 ($000’s) $1,208 Axis Title Each cohort has shown growth $917 $663 2011 2012 2013 2014 2011 2012 2013 2014 2011 or Earlier 2012 2013 2014 (1) The Appendix
Slide 6: Annual operational measures: paid impressions and avg. CPM
Annual operational measures: paid impressions and avg. CPM Total Paid Impressions(1) (Billions) Average CPM(1) RTB Paid Impressions (Billions) $0.67 RTB PI 1,431 1,336 Total PI RTB paid impressions continued to grow. The decline in 999 $0.36 total paid impressions due to mix shift from static bids t
Slide 7: Balance sheet highlights
Balance sheet highlights 12/31/2014 12/31/2013 Financial measure: ($MM) Cash and equivalents $97.2 $30.0 Debt and capital lease obligations $0.1 $4.2 7
Slide 8: Several potential growth drivers for Rubicon Project in 2015
Several potential growth drivers for Rubicon Project in 2015 INTERNATIONAL EXPANSION MOBILE ORDERS EXPANSION OF SELLERS + EXPANSION INCREASED OF BUYER ALLOCATION OF CLOUD INVENTORY INITIATIVES TO RTB 8
Slide 9: Appendix: definitions of operational measures
Appendix: definitions of operational measures • Managed revenue: represents advertising spending transacted on our platform and would represent revenue if we were to record our revenue on a gross basis instead of a net basis. Managed revenue does not represent revenue reported in accordance with gen
Slide 10: Appendix: Net income to Adjusted EBITDA reconciliation
Appendix: Net income to Adjusted EBITDA reconciliation FY 2013 FY 2014 Q4 2013 Q4 2014 Financial Measure: ($ MM) Net income (loss) ($9.2) ($18.7) ($0) $1.4 Add back (deduct): Depreciation and amortization expense 8.4 12.5 2.3 4.4 Stock-based compensation expense 6.4 23.9 1.8 7.1 Acquisition and rela