APX — J.P. Morgan Global High Yield & Leveraged Finance Conference 2015
14 slides from APX's conference presentation, Feb 23, 2015
Slide 1: APX Group Holdings, Inc. J.P. Morgan Global High Yield & Leveraged Finance Conference
Exhibit 99.1 APX JP February Morgan Group 24, Global Holdings, 2015 HighInc. Yield & Leveraged Finance Conference
Slide 2: Forward-looking statements
preliminary which forecasts management. plans, ”“f Forward-looking factors, home product national costs subscribers local These Form 2013 above behalf future United accordance investors, informed intangible management senior of reconciliation addition APX publications, there verified nor This financ
Slide 3: Executive leadership team
•executive of Mark Eyring Innovation Pedersen Jefferson David Todd Lyman JT Chief Chief Prior Spent the Hwang Alex Santiago Davies Financial Strategy Executive Operating Sales Marketing Information Global Bywater to Financial 12joining 3management years Dunn Officer Officer Consumer &Officer Officer
Slide 4: Key milestones
key 2000 2011 2010 2014 Dealer Monitronics, Blackstone Research Development Innovation investment Equity 2006 Cloud Sky itself increases Networks its C GoControl to Goldman Promising provides facility Sachs, Partners, Partners Peterson wireless high-speed $34 launches Company $60 $50 $40 $48.7 $42.2
Slide 5: Redefining the home with innovative smart home automation
redefining Vivint innovative “Instead gadgets Sky DWELL automation.” Wireless g•home 72° Security system unprecedented of Internet TechRadar anywhere enabled INTELLIGENTLY !C –FAMILIES Thermostat Learning Rules smart except unlike 5L HD Alerts Smart Control w/ -Fire now.” Protection “The Entrepreneu
Slide 6: Investing in the network and cloud platform
Investing 1•50 Network 6CTB At Virtual Core Greener Bundled 2015 25K Concentrating 8-10 ~$55 Net lient Mbps full 2Creation Service to subscribers Homes technology: Avg. Subscriber scale: 30K datacenter: Backed No in than inRMR complimentary 7pm Full Margins new Tower (Estimated) Cost the onwith Home
Slide 7: Unique direct-to-home sales model
unique direct-to-home 219,034 51,003 April 18,235 144,268 Company inside $61.89 •$58.35 $56.24 2011 51.3% (1) (2) NOTE: vivint Year-round Personalized, 89% More Direct-to-home Commission Internet, Increases Offers As2012 Avg. through sales same of 57.7% and 49,069 than Subscriber growth 204,368 168,
Slide 8: Financial and subscriber overview
platform $revenue $306 $42.2 $27.1 $34.3 subscribers in 894.2 795.5 $54.50 13.6% $53.05 562.0 671.8 12.4% 12.8% 2011 $48.21 % Note: as 8Vivint. inthousands growth ofmillions the 2012 -2011-2014 $175.2 13.7% 110 $51.02 $311 -12.6% Improvement adjusted end overview 33.9% 19.5% -130 2013 average $339.9
Slide 9: Attractive illustrative cumulative subscriber returns
•attractive illustrative ~$1,800 cumulative $1,500 -$1,500 -$1,000 -$500 0-$2,000 -$2,500 (1) 9VVivint For New Based ivint. 6 Assumes 12each installations subscriber 18 $1,000 on spends organically steadily and net and 24 new annual these net subscriber servicing attrition 30 scalable $500 recovery
Slide 10: How Vivint thrives: broad, personalized offering
•how 10 Vivint. Broad, Personalized In-Home Same Leverage Integrated Seamless Data Extendable Customer Own Geographic Continual weanalytics, end-to-end day thrive Bundled customer competitor’s customer Relationship design Innovation Cloud to Footprint Sale inpartners “push” aServicing value-chain Pl
Slide 11: Q&A
$61.89RMR Q&A AVG SUBSCRIBERS AND 900,000CUSTOMERS $48.7 69% RECURRING ENABLED ADOPTION Note: 11 INSTALL RMR MILLION 3,200FOR WITH and RATE +MONTHLY >3,000 Avg TECHS IN NEW 69%ADDITIONAL 2014 RMR INEMPLOYEES NORTH per REVENUE NewAMERICA Subscriber SERVICES SEASONAL are 100%estimated WORLDWIDE as of
Slide 12: Appendix
Appendix
Slide 13: Adjusted EBITDA reconciliation
reconciliation Year 2011 Interest capitalized Solar Adjusted (i) (ii) subscriber (iv) (v) (vi) 13 Excludes Bonuses Reflects Non-recurring Other Ended 2012 business expense, EBITDA adjustments contract acquisition 2013 creation December subscriber and loan of 0.4 2014 transaction non-GAAP net amortiz
Slide 14: Certain definitions
certain RMR Total Avg. Attrition when parties incurred. These Adjusted acquisition Company’s Net 14 Subscriber Creation Service RMR Subscribers RMR they –costs and definitions The –The EBITDA terminate The moves per costs), –Solar are Margin recurring Cost The remaining Subscriber New Acquisition ag
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