Tripadvisor, Inc. · NASDAQ:TRIP
Tripadvisor — Q1 2022 Earnings Presentation
17 slides from Tripadvisor's earnings presentation, May 4, 2022
Slide 1: Q1 FY 2022 Investor Presentation
Q1 FY 2022 Investor Presentation May 4, 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts or guarantees of future performance and are based on
Slide 3: We are a global travel guidance company
We are a Tripadvisor helps travelers around the world global unleash the full potential of every trip travel guidance company 3
Slide 4: The world's largest travel platform
The world’s largest travel platform Significant supply footprint Large global audience Tripadvisor’s global travel platform across a spectrum of travel for differentiated travel content (1) products (1) 463M 2.2M avg. monthly unique Accommodations (3) visitors in 3Q19 (2) ~70% 1.4M % of users on mobil
Slide 5: Significant influence on the global travel market
Significant influence on the global travel market $546B Annual travel expenditures influenced 2.2B Vacation nights influenced 433M Annual trips influenced Source: May 2018 Oxford Economics Global Travel Market Study 5
Slide 6: Addressing long-term travel market opportunity that is shifting online
Addressing long-term travel market opportunity that is shifting online Global Travel Market(1) ($ trillions) $1.4 $0.9 GR CA line On 7% 57% 33% (1) Phocuswright estimates as of March 2022 6
Slide 7: Tripadvisor is the #1 travel site by traffic
Tripadvisor is the #1 travel Travel Sites Globally(1) site by traffic Monthly unique users With more traffic than Booking.com, Airbnb, Yelp, Expedia, Skyscanner, Trivago, Kayak, Agoda, Priceline and Hotels.com (1) Source: SimilarWeb, unique users de-duplicated monthly
Slide 8: Multiple areas of diverse, long-term growth potential
Multiple areas of diverse, long-term growth potential Hotels Display and Platform Experiences Dining Other Click-based advertising for Enables advertising partners Enables consumers to Travelers and locals can A collection of strategic OTAs and hoteliers to capture to promote their brands in a resea
Slide 9: Financial overview
Financial overview
Slide 10: Financial highlights
Financial highlights Significant historical revenue Robust financial profile with strong Attractive historical base of scale and long-term growth track record of profitability and revenue and Adjusted EBITDA(1) potential operating cash flow generation from Hotels, Media & Platform Experiences & Dining ha
Slide 11: 1Q22: Year over year improvements in revenue and adjusted EBITDA
1Q22: Year over year improvements in revenue and adjusted EBITDA Consolidated Revenue Consolidated Net Income (Loss) Consolidated Adjusted EBITDA (1) (in $ millions) (in $millions) (in $millions) (1) Consolidated Adjusted EBITDA is a non-GAAP profit measure and is defined as net income (loss) plus: (1
Slide 12: 1Q22 Update: $1.3B of available liquidity
1Q22 Update: $1.3B of Liquidity position a/o 03/31/22 available liquidity ($ millions) Cash and cash equivalents (C&CE) Unborrowed Revolver Capacity $1,278 ● $781 million in cash and cash equivalents at 03/31/22 ● Positioned for a variety of recovery scenarios
Slide 13: Continuing progression back to pre-pandemic levels
Continuing progression back to pre-pandemic levels Consolidated Revenue Consolidated Net Income (Loss) Consolidated Adjusted EBITDA(1) (in $ millions) (in $millions, except Net Income (Loss) margin) (in $ millions, except Adj. EBITDA margin) (1) Consolidated Adjusted EBITDA is a non-GAAP profit measu
Slide 14: Track record of strong cash flow generation
Track record of strong cash flow generation Operating cash flow Free cash flow(1) ($ millions) ($ millions) (1) Free cash flow is a non-GAAP measure and is calculated as cash provided by operating activities less capital expenditures. 14
Slide 15: We have successfully driven a diverse revenue mix
We have successfully driven a diverse revenue mix, with additional opportunities ahead ● Diversification supported by: 2012 2015 2021 ○ Hotel auction 4% 5% ○ Diverse double-digit pre-pandemic 15% growth in emerging offerings: 34% 50% ■ Hotel B2B solutions 96% 85% ■ Display and platform 11% ■ Experienc
Slide 16: Appendix
Appendix
Slide 17: Non-GAAP Reconciliations
Non-GAAP Reconciliations The Company believes that non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enables comparison of financial results between periods where certain items may vary independent of business performance