Slide 1: Q3 2015 Summary
Q3 2015 Summary November 5, 2015
Slide 2: Forward-looking statements
2 This presentation contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include information concern
Slide 3: The Leading Global Marketplace for Stock Content
3 The Leading Global Marketplace for Stock Content Contributors Photographers Illustrators Videographers Musicians Customers Designers Businesses Marketing Agencies Media Organizations
Slide 4: Q3 2015 Financial Highlights
4 - Reported revenue increased 28% to $107.3 million - Revenues increased approximately 25% excluding the impact of currency and contributions from acquired businesses primarily driven by new customers, increased paid downloads and higher revenue per download - Reported Adjusted EBITDA increased 11%
Slide 5: Q3 2015 Operating Highlights
5 - Image library expanded 49% to 63.7 million images - Video library expanded 60% to 3.3 million video clips - Paid downloads grew 22% to 38.1 million - Revenue per download increased 4% to $2.76 - 1.4 million customers contributed to revenue in the prior 12 months Q3 2015 Operating Highlights
Slide 6: Consolidated Financial Results
Consolidated Financial Results ($ in millions) Three Months Ended September 30 Nine Months Ended September 30 2015 2014 % 2015 2014 % Operating Revenues $107.3 $83.7 28% $309.1 $236.7 31% Operating Expenses 99.2 74.5 33% 283.2 210.0 35% Operating Profit 8.1 9.2 (12%) 26.0 26.7 (3%) Add: Dep. & Amort
Slide 7: Key Financial Results
Key Financial Results Q3 Y/Y Change Reported Pro-Forma Revenue Growth 28% 25% Adjusted EBITDA Growth 11% 27% Revenue per Download Growth 4% 9% Adjusted EBITDA Margin 18.3% 22.3% Note: Pro-Forma growth excludes the impact of foreign currency, contributions from PremiumBeat & Rex which were acquired i
Slide 8: Free Cash Flow
Free Cash Flow 8 ($ in millions) Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 Net Cash From Operations $19.4 $22.7 $59.4 $59.5 CapEx and Content Acquisitions (4.5) (1.9) (12.1) (16.7) Free Cash Flow $14.8 $20.8 $47.4 $42.8 Note: Totals may not sum exactly due to
Slide 9: Non-GAAP Net Income
Non-GAAP Net Income 9 ($ in millions) Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 GAAP Net Income $4.1 $5.3 $12.7 $15.1 Add: Non-Cash Equity-Based Comp 4.9 4.2 14.7 10.5 Add: Acquisition-Related Amortization 0.8 0.1 2.1 0.2 Add: Change in Fair Value of Continge
Slide 10: 2015 Guidance
2015 Guidance 2015 Guidance Implied Y/Y Growth Revenue $425 - $430 million 29% - 31% Adjusted EBITDA $82 - $85 million 16% - 20% Non-Cash Equity Based Comp. $31 million Effective Tax Rate 44% Capital Expenditures $17 million 10 2015 Guidance Unchanged from Prior Quarter