Xperi Inc. · NYSE:XPER

Xperi — Q3 2022 Earnings Presentation

18 slides from Xperi's earnings presentation, Nov 8, 2022

  1. Slide 1: Q3 2022 Earnings

    Q3 2022 Earnings November 8, 2022

  2. Slide 2: Safe Harbor

    Safe Harbor This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on i

  3. Slide 3: Xperi Inc.

    Xperi Inc. (NYSE: XPER) Invents, develops, and delivers technologies and software that enable extraordinary experiences 3 © 2022 Xperi Inc. All rights reserved.

  4. Slide 4: Mission, Vision, Solutions, Brands

    MISSION VISION SOLUTIONS BRANDS WHAT WHY WHERE WHO Xperi invents, Smarter technology Pay-TV DTS® develops, and delivers Extraordinary experiences Consumer Electronics HD Radio™ technologies that create Connected Car IMAX® Enhanced extraordinary experiences Media Platform TiVo® 4 © 2022 Xperi Inc. Al

  5. Slide 5: Q3 2022 Highlights

    Q3 2022 Highlights Strong execution on Xperi’s long term growth strategy  Revenue of $121.6M during the third quarter represents a 3% increase from $117.7M in the year ago period  Expect FY2022 financial results to be in line with guidance previously provided at Investor Day in September  Continu

  6. Slide 6: Markets and Product Lines

    Markets and Product Lines Pay-TV Video Over Broadband (IPTV) Classic Guides Discovery Consumer Hardware Subs Consumer Electronics DTS:X ® Audio IMAX Enhanced Imaging Connected Car DTS AutoSense TM HD Radio DTS AutoStage TM Music Metadata Media Platform TiVo OS / Vewd Monetization – Advertising Tech

  7. Slide 7: Growth Highlights

    Growth Highlights Xperi’s Media Platform solutions: a catalyst for significant growth Independent SmartTV Platform • Launched TiVo OS platform at IFA, one of the world's largest CE trade shows • Announced Vestel (one of the top 3 global TV manufacturers) as first OEM partner to offer Powered by TiVo

  8. Slide 8: Core Highlights

    Core Highlights Profitable core businesses support ecosystem development and funding for growth investments  Consumer Electronics revenue increased 58% from the year ago period to $33.6M  Broadened the IMAX Enhanced ecosystem with new releases from Sony Pictures and Disney+ and new agreements with

  9. Slide 9: Q3 2022 Revenue Breakdown

    Q3 2022 Revenue Breakdown Market Q3 2022 Change YoY ($ in thousands) Pay-TV 58,378 (7,513) Consumer Electronics 33,561 12,327 Connected Car 20,224 (225) Media Platform 9,473 (684) TOTAL 121,637 3,905 9 © 2022 Xperi Inc. All rights reserved.

  10. Slide 10: Q3 2022 Financial Results

    Q3 2022 Financial Results (in thousands, except per share amounts) Q3 2022 GAAP Q3 2022 Non-GAAP Revenue 121,637 121,637 Cost of Revenue1 31,403 30,268 Adjusted Operating Expense2 489,375 97,311 Interest Expense 750 750 Other Income 223 223 Provision for Income Tax 2,024 3,843 Less: Net Loss Attribu

  11. Slide 11: Financial Outlook for FY 2022

    Financial Outlook for FY 2022 Category GAAP Outlook Non-GAAP Outlook ($ in millions) Revenue 490 to 510 490 to 510 Cost of Revenue1 115 to 125 115 to 125 Adjusted Operating Expense 2 879 to 889 395 to 405 Adjusted EBITDA n/a ~ breakeven 1 Excluding depreciation and amortization of intangible assets

  12. Slide 12: Reconciliation Tables

    Reconciliation Tables

  13. Slide 13: Non-GAAP Financial Measures

    Non-GAAP Financial Measures In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP), the Company’s earnings release contains non-GAAP financial measures adjusted for either one-time or ongoing non- cash acquired intangibles amort

  14. Slide 14: GAAP to Non-GAAP Net Income Reconciliation

    GAAP to Non-GAAP Net Income Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Net loss attributable to the Company: Three Months Ended September 30, 2022 GAAP net loss attributable to the Company $ (400,802) Adjustments to GAAP net loss a

  15. Slide 15: GAAP to Non-GAAP EPS Reconciliation

    GAAP to Non-GAAP EPS Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Loss per share attributable to the Company: Three Months Ended September 30, 2022 GAAP loss per share attributable to the Company $ (9.54) Adjustments to GAAP loss per

  16. Slide 16: Adjusted EBITDA Reconciliation

    Adjusted EBITDA Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended September 30, 2022 GAAP Loss before taxes $ (399,668) Interest expense 750 Depreciation expense 4,990 Amortization expense 16,613 Goodwill impairment 354,000 Merger and integratio

  17. Slide 17: GAAP to Non-GAAP Outlook Reconciliation

    GAAP to Non-GAAP Outlook Reconciliation XPERI INC. RECONCILIATION FOR GUIDANCE ON GAAP TO NON-GAAP ADJUSTED OPERATING EXPENSE (in millions) (unaudited) Twelve Months Ended December 31, 2022 Low High GAAP adjusted operating expense $ 879.0 $ 889.0 Stock-based compensation -- R&D (25.0) (25.0) Stock-b

  18. Slide 18: Thank you

    Thank you

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