Magnite, Inc. · NASDAQ:MGNI

Magnite — Q2 2020 Earnings Presentation

9 slides from Magnite's earnings presentation, Aug 10, 2020

  1. Slide 1: Financial Highlights Q2 2020

    Financial Highlights Q2 2020 August 10, 2020 CONFIDENTIAL | © MAGNITE

  2. Slide 2: Safe Harbor

    Safe Harbor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions

  3. Slide 3: Q2 Highlights & Q3 Trends

    Q2 Highlights & Q3 Trends ➔ Revenue grew 12% year over year in Q2 2020 to $42.3 million on an as reported basis ➔ CTV revenue grew 12% year over year in Q2 2020 to $7.9 million ➔ CTV growing 50% quarter to date in Q3 2020 ➔ Total revenue growing 40% on as reported basis quarter to date (or flattish o

  4. Slide 4: Q2 2020 Summary

    Q2 2020 Summary Financial Measures ($MM except per share data) Three Months Ended 6/30/2020 6/30/2019 Change Fav / (Unfav) Revenue $42.3 $37.9 12% Net income (loss) ($39.1) ($8.3) (371%) Adjusted EBITDA(1) ($3.5) $4.4 (180%) (3) Adjusted EBITDA margin (8%) 12% (20 ppt) Adjusted EBITDA operating expe

  5. Slide 5: Cash Flow and Balance Sheet Highlights

    Cash Flow and Balance Sheet Highlights Adjusted Cash Flow Highlights ($MM) Balance Sheet Highlights ($MM) Q2 2020 Q2 2019 June 30, March 31, 2020 2020 Adjusted EBITDA ($3.5) $4.4 Cash & equivalents $107.5 $71.3 Less capital expenditures (3.3) (4.1) Marketable securities — — Cash flow ($6.8) $0.3 (exc

  6. Slide 6: Amortization Schedule

    Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2020 $15.6 2021 30.8 2022 26.1 2023 13.9 2024 13.7 Thereafter 4.8 TOTAL Remaining Amortization of Acquired Intangibles $104.9 CONFIDENTIAL | © MAGNITE

  7. Slide 7: Reconciliations of Net Loss to Adjusted EBITDA

    Reconciliations of Net Loss to Adjusted EBITDA Reconciliation of Net Loss to Adjusted EBITDA ($MM) Q2 2020 Q2 2019 Net loss ($39.1) ($8.3) Add back (deduct): Depreciation and amortization, excluding amortization of 6.5 7.4 acquired intangible assets Amortization of acquired intangibles 8.0 0.8 Stock

  8. Slide 8: Reconciliations of Net Loss to Non-GAAP Net Loss

    Reconciliations of Net Loss to Non-GAAP Net Loss Reconciliation of Net Loss to Non-GAAP Income (Loss) ($MM, except share figures) Q2 2020 Q2 2019 Net loss ($39.1) ($8.3) Add back (deduct): Acquisition and related items, including 19.3 0.8 amortization of acquired intangibles Stock-based compensation

  9. Slide 9: Revenue Split by Channel & Geography

    Revenue Split by Channel & Geography Revenue Split by Channel Q2 2020 Q2 2019 Financial Measure: ($MM) CTV Mobile Desktop Total CTV Mobile Desktop Total GAAP Revenue $7.9 $19.2 $15.3 $42.3 - $21.3 $16.6 $37.9 Percent of Revenue 19% 45% 36% 56% 44% Revenue Split by Geography Q2 2020 Q2 2019 Financial

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