Chegg, Inc. · NYSE:CHGG

Chegg — Q2 2014 Earnings Presentation

9 slides from Chegg's earnings presentation, Aug 4, 2014

  1. Slide 1: Q2 2014 Earnings Call

    Q2 2014 Earnings Call August 4th, 2014 Confidential Material – Chegg Inc. © 2005 - 2013. All Rights Reserved.

  2. Slide 2: Safe Harbor

    SAFE HARBOR • This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation those regarding Chegg's Q3 2014 and 2014 financial outlook. These statements are not guarantees o

  3. Slide 3: The leading connected learning platform

    The leading connected learning platform Confidential Material – Chegg Inc. © 2005 - 2013. All Rights Reserved. 3

  4. Slide 4: Revenue ($M)

    Revenue ($M) Q2’14 Q2’13 YOY Total Revenue $64.5 $55.9 15% Print $45.8 $43.8 5% Digital $18.7 $12.1 54% Digital % of Revenue 29% 22% 7.0 pts.

  5. Slide 5: Gross Profit & Expense ($M) (Non-GAAP)

    Gross Profit & Expense ($M) (Non-GAAP) Q2’14 Q2’13 YOY Gross Profit $26.0 $26.4 ($0.4) GM% 40% 47% (7.0) pts. Digital Gross Profit $13.4 $9.1 $4.3 Digital GM% 72% 75% (3.0) pts. Operating Expenses $26.0 $22.7 $3.3 (Gain) Loss on Liquidation of ($2.1) $1.7 $3.8 Textbooks Opex as a % of Revenue 40.3%

  6. Slide 6: Q2'14 Profitability ($M) (Non-GAAP)

    Q2’14 Profitability ($M) (Non-GAAP) Q2’14 Q2’13 Total Revenue $64.5 $55.9 Print $45.8 $43.8 Digital $18.7 $12.1 Gross Profit $26.0 $26.4 Operating Expenses $26.0 $22.7 Operating Income $0.1 $3.6 Book Depreciation $18.0 $14.4 Adj. EBITDA $1.6 $5.1

  7. Slide 7: Q3'14 Guidance

    Q3’14 Guidance Organic Effect of Q3’14 ($ in millions) Range Transaction Guidance s Total Revenue $75 - $80 - $75 - $80 Print $54 - $58 ($6) – ($3) $50 - $55 Dig Learning & $20 - $24 $4 - $6 $24 - $28 Advertising GP% ~12% ~12% Adj. EBITDA ($22) – ($18) - ($22) – ($18) Transactions are the acquisitio

  8. Slide 8: 2014 Guidance

    2014 Guidance Organic Effect of 2014 ($ in millions) Range Transaction Guidance s Total Revenue $310 - $320 ($5) – $0 $305 - $315 Print $220 - $230 ($12) – ($8) $210 - $220 Dig Learning & $86 - $92 $8 - $10 $94 - $98 Advertising GP% ~30% ~29% Adj. EBITDA ($14) – ($10) ($5) – ($3) ($18) – ($14) Trans

  9. Slide 9: GAAP to Non-GAAP Reconciliation

    GAAP to Non-GAAP Reconciliation

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