Avantax, Inc. · GETTEX:3EV

Avantax — Infospace — Q1 2012 Earnings Presentation

10 slides from Avantax's earnings presentation, May 9, 2012

  1. Slide 1: InfoSpace Q1 2012 Earnings Supplemental Information

    Exhibit 99.2 InfoSpace, Inc. Q1 2012 Earnings Supplemental Information Table of Contents Financial Information Summary - Consolidated Financial Results 2 Reconciliation of Non-GAAP Financial Measures 3 Operating Metrics Search 4 Tax Preparation 5 Pro-Forma Information Q1 year-over-year Tax Preparati

  2. Slide 2: InfoSpace Consolidated Financial Results

    InfoSpace Consolidated Financial Results (in thousands except earnings per share, rounding differences may exist) 2010 2011 2012 FYE 12/31 1Q11 2Q11 3Q11 4Q11 FYE 12/31 1Q12 Segment Revenue Search $ 214,343 $ 51,650 $ 54,292 $ 56,257 $ 66,615 $ 228,814 $ 75,294 Tax Preparation (1) $ 0 $ 0 $ 0 $ 0 $

  3. Slide 3: Footnote on Mercantila discontinued operations

    (8) In the quarter ended June 30, 2011, the Company completed the sale of its Mercantila e-commerce business. The operating results of that business have been presented as discontinued operations for all periods presented. 2

  4. Slide 4: Non-GAAP Reconciliation

    InfoSpace Non-GAAP Reconciliation (1) (in thousands except earnings per share, rounding differences may exist) 2010 2011 2012 FYE 12/31 1Q11 2Q11 3Q11 4Q11 FYE 12/31 1Q12 Adjusted EBITDA Net Income (2) $ 4,678 $ 1,323 $ (4,678) $ 2,076 $ 22,875 $ 21,596 $11,406 Discontinued operations 4,593 1,573 8,

  5. Slide 5: Operating Metrics—Search

    InfoSpace Operating Metrics—Search 2010 2011 2012 FYE 12/31 1Q11 2Q11 3Q11 4Q11 FYE 12/31 1Q12 Revenue by Source Owned & Operated (B2C) 31% 27% 22% 19% 16% 21% 13% Distribution (B2B) 69% 73% 78% 81% 84% 79% 87% * Owned & Operated includes revenue from the Make The Web Better acquisition in 2Q 2010;

  6. Slide 6: Operating Metrics—Tax Preparation

    InfoSpace Operating Metrics—Tax Preparation (in thousands, rounding differences may exist) 2011 Season through: 2012 Season through: % Change Year over Year 3/31/11 4/19/11 3/31/12 4/18/12 3/31/12 4/18/12 Consumer (DDIY) e-files 3,626 4,654 3,913 5,025 8% 8% 5

  7. Slide 7: Tax Preparation Segment—Pro Forma 1Q Year-over-Year Results

    Tax Preparation Segment—Pro Forma 1Q Year-over-Year Results (in thousands, rounding differences may exist) (a) 1Q12 1Q11 Growth Pro Forma Revenue $61,944 $56,758 9% Pro Forma Segment Income (b) $30,577 $28,564 7% Segment Margin 49% 50% (a) Includes $650,000 of revenue not reported on a GAAP basis du

  8. Slide 8: Pro Forma—Consolidated Financial Performance

    Pro Forma—Consolidated Financial Performance twelve months ending 3/31/2012 (in thousands, rounding differences may exist) (a) Tax Preparation Search Corporate Consolidated Revenue $ 83,968 $252,458 $ — $ 336,426 Segment income $ 39,564 (b) $ 48,484 $ — $ 88,048 Unallocated Corporate expenses $ — $

  9. Slide 9: Pro-Forma Free Cash Flow (FCF)

    Pro-Forma Free Cash Flow (“FCF”) twelve months ending 3/31/2012 (in thousands, rounding differences may exist) Pro Forma Adjusted EBITDA $76,788 Less—Pro Forma Capital Expenditures $ (2,100) Less—Pro Forma Cash Taxes $ (800) Unlevered FCF $73,888 Less—Pro Forma Cash Interest Expense $ (5,000) (a) Le

  10. Slide 10: Pro Forma Non-GAAP Reconciliation

    InfoSpace Pro Forma Non-GAAP Reconciliation twelve months ending 3/31/2012 (in thousands except rates, rounding differences may exist) Pro Forma Adjusted EBITDA Pro forma income from continuing operations $18,108 Pro forma depreciation 4,971 Pro forma amortization of intangible assets 22,033 Pro for

Infospace — Q1 2012 Earnings Presentation on 6ix