Ziff Davis, Inc. · NASDAQ:ZD
Ziff Davis — J2 Global Communications — Q1 2009 Earnings Presentation
13 slides from Ziff Davis's earnings presentation, May 6, 2009
Slide 1: Investor Presentation (Based upon First Quarter 2009 Results)
Investor Presentation (Based upon First Quarter 2009 Results) May 5, 2009
Slide 2: Safe Harbor for Forward-Looking Statements
Future operating results Global economic conditions Subscriber growth, retention and usage levels Fax and voice service growth New products, services and features Corporate spending Liquidity Network capacity, coverage and security Regulatory developments Taxes Certain statements in this presentatio
Slide 3: Risk Factors
Risk Factors Inability to sustain growth in our customer base, revenue or profitability, particularly in light of the uncertain U.S. or worldwide economy and the related impact on customer acquisitions, cancelations and credit card payment declines Competition in price, quality, features and geograp
Slide 4: GAAP Results Q1 2009
(1) Includes SFAS 123(R) non-cash compensation expense. (2) Includes SFAS 123(R) non-cash compensation expense, net of tax benefit. (3) See slide 11 for computation of free cash flow. GAAP Results GAAP Revenues $60.4M Gross Profit/Margin (1) $49.0M 81.1% Operating Profit/Margin (1) $26.5M 43.8% GAAP
Slide 5: Global Communications
Global Communications {© 2 Global communications 2009
Slide 6: Business Review
Business Review Fax Continued success with multiple pricing programs 7 new large corporate deals including 3 upgrades Integrated Mijanda fax customers and select brands Acquired fax assets of CallWave Usage and cancel rate affected by weak economy and higher unemployment Voice Approaching 200,000 DI
Slide 7: Other Businesses/Operations
Other Businesses/Operations Email Successfully integrated Mailwise (hygiene provider) Beginning to cross-sell Electric Mail services to Mailwise customers Looking for additional M&A opportunities Patent Licensing Lower revenue due to acquisitions of Mijanda and Callwave fax assets Three core patents
Slide 8: 2009 Guidance
2009 Guidance Modest Increase in Revenues and Non-GAAP EPS
Slide 9: Global Communications
Global Communications {© 2 Global communications 2009
Slide 10: Metrics
Metrics Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Fixed Subscriber Revenues $37,757 $39,643 $41,362 $43,336 $162,098 $44,260 $46,593 $47,481 $48,125 $186,459 $48,799 Variable Subscriber Revenues 12,536 12,970 12,667 12,057 50,231 12,956 12,943 12,985 11,497 50,382 10,842 Subscriber Revenues $50,293 $52
Slide 11: Computation of Free Cash Flow
(1) Net cash provided by operating activities, less purchases of property & equipment. Free cash flow amounts are not meant as a substitute for GAAP, but are solely for informational purposes. (2) Free cash flow schedule has been revised for an immaterial correction to Q3 and Q4 2008 free cash flow.
Slide 12: Usage of Corporate and Web High Volume Users
Usage of Corporate and Web High Volume Users
Slide 13: Global Communications
j2) Global Communications
J2 Global Communications — Q1 2009 Earnings Presentation on 6ix