Slide 1: Second Quarter 2020 Results
S E C O N D Q U A R T E R 2 0 2 0 R E S U LT S A U G U S T 11 , 2 0 2 0
Slide 2: Safe Harbor for Forward-Looking Statements
Safe Harbor for Forward-Looking Statements Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, particularly those regarding our 2020 Financial Guidance. Such forward-looking statements are subject to num
Slide 3: Risk Factors
Risk Factors The following factors, among others, could cause our business, prospects, financial condition, operating results and cash flows to be materially adversely affected: • Inability to sustain growth or profitability, and any related impact of U.S. or worldwide economic issues on customer ac
Slide 4: Q2 2020 Consolidated Financial Snapshot
Q2 2020 Consolidated Financial Snapshot (1) See slides 11, 13, 14, 15 for a GAAP to non-GAAP reconciliation of adjusted gross profit, adjusted EBITDA and adjusted earnings per diluted share for the Company as a whole and by Business for Q2 2020 4 (2) Figures are adjusted non-GAAP
Slide 5: Adjusted EBITDA and Free Cash Flow
Adjusted EBITDA and Free Cash Flow (1) (1) See slides 12 and 13 for a GAAP reconciliation of adjusted EBITDA and Free Cash Flow (2) Figures are adjusted non-GAAP 5
Slide 6: Q2 2020 Financial Snapshot By Business
Q2 2020 Financial Snapshot By Business (1) See slides 14 and 15 for a GAAP reconciliation of adjusted EBITDA for the Company as a whole and by Business for Q2 2020 (2) Figures are adjusted non-GAAP; Certain shared corporate expenses at J2 Global, Inc. were allocated to Cloud Services and Digital Med
Slide 7: 2020 Guidance (Forward-Looking Statements)
2020 Guidance (Forward-Looking Statements) J2 has reinstated full-year guidance of Revenues, Adjusted EBITDA and Adjusted non-GAAP EPS Revenues $1,380MM - $1,400MM Adjusted EBITDA(1)(2) $556MM - $570MM Adjusted non- GAAP EPS(1)(2) $7.17 - $7.41 (1) Figures are adjusted non-GAAP (2) Adjusted earnings
Slide 8: Supplemental Information
"SUPPLEMENTAL INFORMATION
Slide 9: Consolidated Metrics
Consolidated Metrics (1) See slide 11 for a reconciliation of adjusted non-GAAP earnings and EPS to GAAP Net Income and diluted GAAP EPS (2) See slide 12 for a definition of Free Cash Flow and reconciliation to Net Cash Provided by Operating Activities (3) See slide 13 for a definition of adjusted E
Slide 10: Cloud Services & Digital Media Metrics
Cloud Services & Digital Media Metrics (1) The Q1 2020 disclosure of $144.0 million in fixed subscriber revenue included $2.5 million of revenue which was determined to be variable subscriber revenue. This has been corrected in the table above (2) Cloud Services revenue includes IP Licensing revenue
Slide 11: Q2 2020 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS
Q2 2020 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS(1) Figures in Thousands Three Months Ended June 30, 2019 2020 Cost of revenues $ 60,266 $ 56,802 Plus: (1) Share based compensation (131) (143) (2) Acquisition related integration costs (55) (55) (4) Amortization (461) (448) Adjusted
Slide 12: GAAP Reconciliation - Free Cash Flow
GAAP Reconciliation - Free Cash Flow(1)(2) (1) Free Cash Flow is defined as net cash provided by operating activities, less purchases of property, plant and equipment, less patent settlement, plus excess tax benefits (deficits) from share based compensation, plus IRS settlement, plus contingent cons
Slide 13: GAAP Reconciliation - Adjusted EBITDA
GAAP Reconciliation - Adjusted EBITDA (1)(2) (Figures in Millions) (1) Adjusted EBITDA is defined as net income plus interest and other expense, net; income tax expense; depreciation and amortization and the items used to reconcile GAAP to Adjusted Non-GAAP EPS. Adjusted EBITDA amounts are not meant
Slide 14: Q2 2020 Reconciliation of GAAP to Adjusted EBITDA
Q2 2020 Reconciliation of GAAP to Adjusted EBITDA(1) NOTE 1: Table above excludes certain intercompany allocations NOTE 2: The table above is impacted by certain expenses associated with the Corporate entity that were allocated to the Cloud Services business and the Digital Media business as these c
Slide 15: Q2 2019 Reconciliation of GAAP to Adjusted EBITDA
Q2 2019 Reconciliation of GAAP to Adjusted EBITDA(1) NOTE 1: Table above excludes certain intercompany allocations NOTE 2: The table above is impacted by certain expenses associated with the Corporate entity that were allocated to the Cloud Services business and Digital Media business as these costs
Slide 16: Global J2
J2 GLOBAL