Slide 1: 2022 Q1 Earnings
2022 Q1 Earnings May 23, 2022
Slide 2: Disclaimer
Disclaimer Information in this presentation and the accompanying oral presentation (the “Presentation”), including, among others, any statements regarding Agora’s market position, customer data and other metrics, is based on data and analyses from various sources as of the date of this Presentation,
Slide 3: 2022 Q1 Business Highlights
2022 Q1 Business Highlights agora
Slide 4: Leading Market Position
Leading Market Position Global 2021 RTE-PaaS Market Share (1) #1 Global RTE SDK installation Agora Dominant share of RTE SDK installation in Others 28.5% North America, Southeast Asia and Middle East 43.4% Company A Company D 50% of Global Top 10 social dating apps are Company C Company B powered by
Slide 5: Recognized for Innovation
Recognized for Innovation Finalist for World Changing Ideas for 2022 Agora is selected as a Finalist to recognize our innovations in connecting virtual worlds of the metaverse to the physical one. 43.4% 5
Slide 6: Emerging Use Cases: Interactive Game
Emerging Use Cases Interactive Game We bring lightweight party games to video and voice chat rooms or live streaming sessions, adding another dimension of fun and engagement to the users. Our customers can seamlessly embed such games in their social and entertainment apps to enhance user engagement
Slide 7: Emerging Use Cases: IP Camera
Emerging Use Cases IP Camera Agora provides a turn-key software solution for IP camera manufacturers. Our solution enjoys industry leading video call performance, with fast call connection, low latency and works on low-cost hardware. 7
Slide 8: Emerging Use Cases: NuEyes AR Smart Glasses
Emerging Use Cases NuEyes AR Smart Glasses NuEyes makes smart glasses that allow users hands-free access to the visualization of real-time information. Workers can leverage our video APIs to safely transmit visual information to make informed decisions quickly. 8
Slide 9: Emerging Use Cases: Study.com
Emerging Use Cases Study.com Leading online education platform providing academic support. Transformed from traditional on- demand offline course powerhouse to live tutoring by using Agora App Builder. 9
Slide 10: Technology Update
Technology Update AI Noise Suppression Our AI powered noise suppression algorithm recognizes more than 100 types of background noises, giving developers the flexibility to build the best noise suppression for their specific use cases. In addition, it’s designed to be compact and efficient to perform
Slide 11: Agora Welcomes Roger Hale as Chief Security Officer
Agora Welcomes Roger Hale as Chief Security Officer Roger Hale Chief Security Officer CSO, BigID 2020-2022 VP & CISO, Informatica 2017-2019 “Roger will work with our executive team to navigate compliance and security and determine risk management and security best practices for the organization. He
Slide 12: 2022 Q1 Financial Update
2022 Q1 Financial Update agora
Slide 13: Steady Growth in Developers and Customers
Steady Growth in Developers and Customers ACCUMULATED REGISTERED APPLICATIONS (1)(3) ACTIVE CUSTOMERS (2)(3) 2,670 2,706 439,000 2,564 405,000 2,449 372,000 2,324 337,000 306,000 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Notes: (1) Refer to number of registered applicatio
Slide 14: Resilient Revenue Growth and Global Expansion
Resilient Revenue Growth and Global Expansion TOTAL REVENUES in US$M $45.0 $42.3 $40.2 $40.4 $38.6 $35.6 $33.9 $33.3 $30.8 $31.5 $30.9 $26.3 $22.2 $29.2 $19.1 $23.2 $17.0 $32.0 $28.1 $23.8 $14.9 $13.4 $15.8 $11.3 $13.7 $9.8 $16.4 $13.5 $14.1 $10.1 $11.0 $11.4 $5.8 $7.0 $3.6 $3.6 $3.3 $3.3 $3.6 19Q1
Slide 15: Costs, Expenses and Margins
Costs, Expenses and Margins NON-GAAP COST OF GOODS SOLD AND OPERATING EXPENSES as % of Total Revenues 151.8% 142.4% 19.1% 123.1% 125.1% 18.1% 116.5% 114.6% 108.4% 13.3% 15.1% 30.0% 102.2% 102.2% 101.3% 17.0% 11.1% 30.2% 97.2% 11.3% 8.3% 8.2% 10.0% 22.1% 24.6% 10.0% 83.3% 84.9% 18.6% 20.8% 25.8% 27.1
Slide 16: Consistent and Expanding Usage
Consistent and Expanding Usage CONSTANT CURRENCY DOLLAR–BASED NET EXPANSION RATE (1)(2) 131% 110% 104% 104% 95% Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Notes: 1. Agora calculates Dollar-Based Net Expansion Rate for a trailing 12-month period by first identifying all customers in the prior 12-month period
Slide 17: Cash Flow
Cash Flow OPERATING CASH FLOW FREE CASH FLOW in US$M in US$M $5.1 $2.9 $(2.7) $(8.3) $(8.0) $(11.5) $(14.0) $(15.9) $(15.6) $(17.0) 21Q1 21Q2 21Q3 21Q4 22Q1 21Q1 21Q2 21Q3 21Q4 22Q1 17
Slide 18: Robust Liquidity Position
Robust Liquidity Position NET ASSETS CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS in US$M in US$M $897 $888 $879 $866 $877 $839 $827 $767 $755 $718 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 18
Slide 19: Appendix
Appendix agora
Slide 20: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Gross Margin (US$000’s) 20Q1(1) 20Q2(1) 20Q3(1) 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 Total Revenues 35,560 33,904 30,847 33,253 40,225 42,333 45,038 40,386 38,585 GAAP Gross Profit 24,478 22,527 19,264 20,096 23,372 25,859 29,349 25,427 24,074 (+) Share-based Compensation 11
Slide 21: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation General & Administrative (US$000’s) 20Q1(1) 20Q2(1) 20Q3(1) 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 GAAP General & Administrative 3,545 3,396 4,401 6,668 5,721 7,271 7,996 9,338 9,230 (-) Share-based Compensation (871) (1,040) (1,318) (1,015) (1,226) (1,612) (1,179) (2,005) (1,
Slide 22: GAAP to Adjusted EBITDA Reconciliation
GAAP to Adjusted EBITDA Reconciliation Adjusted EBITDA (US$000’s) 20Q1(1) 20Q2(1) 20Q3(1) 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 Total Revenues 35,560 33,904 30,847 33,253 40,225 42,333 45,038 40,386 38,585 GAAP Operating Income/(Loss) 3,266 3,069 (3,777) (7,749) (16,012) (19,082) (20,839) (24,760) (29,008)
Slide 23: Thank you
Thank you agora