Verisign, Inc. · NASDAQ:VRSN
Verisign — Q2 2023 Earnings Presentation
13 slides from Verisign's earnings presentation, Jul 27, 2023
Slide 1: Q2 2023 Earnings Conference Call
Q2 2023 Earnings Conference Call July 27, 2023
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure Statements in this presentation other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not li
Slide 3: Agenda
Agenda Introduction Business Highlights Financial Performance / Guidance Closing / Q&A / Appendix 3
Slide 4: Introduction
Introduction Our Mission – enable the world to connect online with reliability and confidence, anytime, anywhere • On June 30, 2023, we announced the renewal of the .net Registry Agreement with ICANN • In July, we marked 26 years of uninterrupted availability of the .com/.net DNS • Our critical inte
Slide 5: Business Highlights
Business Highlights Domain Name Base(1) at 174.4 Million Names, up 0.1%Y/Y 161.3 Million .com Names and 13.1 Million .net Names Millions 180 170 160 150 140 130 120 110 100 .com/.net Domain Name Base 1) The domain name base as presented here is the active zone plus the number of domain names that ar
Slide 6: Business Highlights
Business Highlights 10.2 Million New Name Registrations in Q2 2023 Compared with 10.1 Million in Q2 2022 • Q1 2023 renewal rate 75.5% New Name Registrations • Q2 2023 renewal rate expected to Millions and Renewal Rate Renewal Rate (1)(2) be approximately 73.4% 100% 12 compared with 73.8% in Q2 2022
Slide 7: Q2 2023 Financial Performance
Q2 2023 Financial Performance Revenue & Operating Income $ Millions 400 • Revenue of $372M, up 5.7% y/y 375 350 • Operating income $249M 325 300 275 • Diluted EPS of $1.79 250 225 • Operating Cash Flow of $145M 200 175 (1) 150 • Free Cash Flow of $139M 125 100 • 926 Employees at June 30, 2023(2) Rev
Slide 8: Full Year 2023 Financial Guidance
Full Year 2023 Financial Guidance(1)(2) • Revenue • $1.490 billion to $1.500 billion; narrowed from $1.490 billion to $1.505 billion • Domain Name Base Growth • 0.0% to 1.0%; reduced and narrowed from 0.5% to 2.25% • Operating Income • $0.990 billion to $1.005 billion; unchanged • Interest Expense a
Slide 9: Q&A Appendix
Q&A Appendix 9
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures Verisign provides quarterly and annual financial statements that are prepared in accordance with generally accepted accounting principles (GAAP). Along with this information, management typically discloses and discusses certain non-GAAP financial measures on investor conf
Slide 11: Reconciliation of Adjusted EBITDA & Free Cash Flow
Reconciliation of Adjusted EBITDA & Free Cash Flow Reconciliation of GAAP Net Income to Non-GAAP Adjusted EBITDA: (In Millions) Reconciliation of Operating Cash Flow to Free Cash Flow:(1) 1) The sum of the amounts in the columns and rows may not match the total amounts shown due to rounding. 11
Slide 12: Classification of Stock-Based Compensation
Classification of Stock-Based Compensation (In Millions) 12
Slide 13: © 2023 VeriSign, Inc. All rights reserved. VERISIGN and other trademarks, service marks, and
© 2023 VeriSign, Inc. All rights reserved. VERISIGN and other trademarks, service marks, and designs are registered or unregistered trademarks of VeriSign, Inc. and its subsidiaries in the United States and in foreign countries. All other trademarks are property of their respective owners.