Doubleverify Holdings, Inc. · NYSE:DV
Doubleverify — William Blair 42nd Annual Growth Stock Conference (June 2022)
11 slides from Doubleverify's conference presentation, Jun 7, 2022
Slide 1: Investor Presentation
Investor Presentation William Blair 42nd Annual Growth Stock Conference June 7, 2022 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” that are based on management’s beliefs and assumptions and on information currently available to management. These forward- looking statements include, but are not limited to, statements about our plans, objectives, e
Slide 3: Team DV
Team DV Mark Zagorski, CEO Nicola Allais, CFO Joined: 2020 Joined: 2017 Prior: Prior: 3
Slide 4: DV's Value Proposition
DV’s Value Proposition We make digital advertising stronger, safer and more secure. DV’s Software Solutions Media Safety and Quality Media Performance Reduce Protect Maximize Improve Media Waste Brand Equity Media Effectiveness Transparency /Optimization Drive better outcomes for advertisers 4
Slide 5: Large and Growing Market Opportunity
DV’s Large and Growing Market Opportunity… Digital Ad Spend (ex-Search)1 DV’s Total Addressable Market (TAM)2 15% ~$20B Five-Year 2025 E CAGR $338.2 $310.7 $281.5 $252.1 $216.2 $166.5 <50% PENETRATION 2020A 2021E 2022E 2023E 2024E 2025E 1. Magna Global forecasts as of December 2021 2. TAM includes V
Slide 6: To Solve Multiple Pain Points
…To Solve Multiple Pain Points BRAND SAFETY FRAUD VIEWABILITY GEO 78% 70% 30% 65% of brands hurt by increase in fraud of display and of media spending on associations with schemes uncovered by video ads are location-based objectionable content1 DV from 2020 to 20212 never seen2 advertising is wasted
Slide 7: Solutions Maximize Advertiser Outcomes
DV’s Solutions Maximize Advertiser Outcomes For every Impression, across multiple media, on Leveraging our core data, we have extended every device and in every geo – DV provides… into… Inventory Safety Quality Performance Outcomes • Contextual • Attention • Brand Suitability • Geo • Brand Lift • Vi
Slide 8: Three Key Differentiators
DV’s Three Key Differentiators Cross Platform Scale 215B 4.5T APPROX. DAILY DATA MEDIA TRANSACTIONS TRANSACTIONS IN MEASURED IN 2021 2021 Identifier Independent Innovation Accredited Objectivity Trust independently accredited / unconflicted/ 126% >95% NET REVENUE GROSS REVENUE unbiased analytics RET
Slide 9: Strong Revenue Growth, Profitability and Cash Generation
DV’s Strong Revenue Growth, Profitability and Cash Generation +30% Revenue Growth 2019 - 2021 +30% Adjusted EBITDA Margins 1 2019 - 2021 GROWTH MARGINS +75% +34% +36% +38% +30% +33% US $ MILLIONS $333 US $ MILLIONS $110 $244 $183 $73 $69 2019 2020 2021 2019 2020 2021 Net Cash from Operating Activiti
Slide 10: Keys to DV's Sustained Business Performance
Keys to DV’s Sustained Business Performance Fixed-fee business model ► Helps insulate revenue from CPM volatility ► Protects brand equity Essential nature of products ► Reduces wasted media spend ► Diversifies revenue across platform and advertiser ‘Verify Everywhere’ strategy categories, making DV
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($mm) 2018 2019 2020 2021 Net Income $3.2 $23.3 $20.5 $29.3 Depreciation and amortization 18.6 21.8 24.6 30.3 Stock-Based compensation 1.4 1.7 20.5 21.9 Interest expense 3.1 5.2 4.9 1.2 Income tax (benefit) expense (1.2) 12.1 (3.1) (3.5) M&A and restructuring costs (a
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