Slide 1: Third Quarter 2021 Results
THIRD QUARTER 2021 RESULTS November 3, 2021 ©2021 Ziff Davis. All rights reserved. www.ziffdavis.com
Slide 2: Safe Harbor for Forward-looking Statements
Safe Harbor for Forward-looking Statements Certain statements in this presentation are “forward-looking statements” within the meaning of the Industry, Market and Other Data Private Securities Litigation Reform Act of 1995, particularly those regarding our 2021 Financial Certain information containe
Slide 3: Risk Factors
Risk Factors The following factors, among others, could cause our business, prospects, financial condition, operating results and cash flows to be materially adversely affected: • Inability to sustain growth or profitability, and any related impact of U.S. or • Inability to continue to expand our bu
Slide 4: Q3 2021 Consolidated Financial Snapshot (includes Consensus)
Q3 2021 Consolidated Financial Snapshot (includes Consensus) (1)(2) Note: Pro Forma excludes Voice UK, ANZ Voice, and B2B Backup 1.Figures are adjusted non-GAAP; See slide 20 for a reconciliation of the pro-forma adjustments for excluded assets consisting of certain Voice assets in Australia and New
Slide 5: Adjusted EBITDA and Free Cash Flow (includes Consensus)
Adjusted EBITDA and Free Cash Flow (includes Consensus) (1)(2) 1. See slides 16 and 17 for a GAAP reconciliation of Adjusted EBITDA and Free Cash Flow 2. Figures are adjusted non-GAAP 5
Slide 6: Q3 2021 Financial Snapshot By Business (includes Consensus)
Q3 2021 Financial Snapshot By Business (includes Consensus) (1)(2) Note: Pro Forma excludes Voice UK, ANZ Voice, and B2B Backup 1.Figures are adjusted non-GAAP; See slide 20 for a reconciliation of the pro-forma adjustments for excluded assets consisting of certain Voice assets in Australia and New
Slide 7: Q3 2021 Ziff Davis Financial Snapshot (excludes Consensus and Divested Assets)
Q3 2021 Ziff Davis Financial Snapshot (excludes Consensus and Divested Assets) (1)(2) 1. Organic revenue is defined as any revenue in the respective periods derived from businesses acquired in the last 12 full calendar months. Revenue from an acquired business becomes organic revenue in the first mo
Slide 8: Ziff Davis Quarterly Results (excludes Consensus and Divested Assets)
Ziff Davis Quarterly Results (excludes Consensus and Divested Assets) (1)(2) 1. Results exclude the Voice UK, ANZ Voice, and B2B Backup assets, as well as any business unit contribution from the Consensus assets. The EBITDA figures include pro forma savings of previously shared Cloud Services and In
Slide 9: Ziff Davis Pro-Forma Capital Structure (Post-Spin)
Ziff Davis Pro-Forma Capital Structure (Post-Spin) Spin-off Distribution $771 High-Yield Note Partial Redemption (83) Bridge Repayment (485) Debt Premium (22) Cash Balance Increase $180 1. Ziff Davis’ Consensus CCSI retained stake valued at its first full trading day 2 Total Gross Debt differs from
Slide 10: 2021 Financial Guidance
2021 FINANCIAL GUIDANCE
Slide 11: 2021 Guidance (Forward-Looking Statements)
2021 Guidance (Forward-Looking Statements) Ziff Davis has reaffirmed its full-year guidance of Pro Forma (“PF”) Revenues and Pro Forma Adjusted EBITDA (1) 1. Figures are adjusted non-GAAP and exclude the divested Voice UK, ANZ Voice, and B2B Backup assets, as well as any contribution from the spun o
Slide 12: Supplemental Information
SUPPLEMENTAL INFORMATION
Slide 13: Consolidated Metrics (includes Consensus and Divested Assets)
Consolidated Metrics (includes Consensus and Divested Assets) 1. See slide 15 for a reconciliation of adjusted non-GAAP earnings and EPS to GAAP Net Income and diluted GAAP EPS 2. See slide 16 for a definition of Free Cash Flow and reconciliation to Net Cash Provided by Operating Activities 3. See s
Slide 14: Cloud Services & Digital Media Metrics (includes Consensus and Divested Assets)
Cloud Services & Digital Media Metrics (includes Consensus and Divested Assets) 1. Cloud Services revenue includes IP Licensing revenue; Q3 2020 Cloud Services Revenue excludes projected September revenues and EBITDA for the divested Voice ANZ asset; all periods include the B2B Backup and UK Voice b
Slide 15: Q3 2021 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS
Q3 2021 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS Non-GAAP net income is GAAP net income with the following modifications: (1) elimination of share-based compensation; (2) elimination of certain acquisition related integration costs; (3) elimination of interest costs in excess of th
Slide 16: GAAP Reconciliation – Free Cash Flow
GAAP Reconciliation – Free Cash Flow (1)(2) 1. Free Cash Flow is defined as net cash provided by operating activities, less purchases of property, plant and equipment, plus contingent consideration. Free Cash Flow amounts are not meant as a substitute for GAAP, but are solely for informational purpo
Slide 17: GAAP Reconciliation – Adjusted EBITDA
GAAP Reconciliation – Adjusted EBITDA (1)(2) 1. Adjusted EBITDA is defined as net income plus interest and other expense, net; income tax expense; depreciation and amortization and the items used to reconcile GAAP to Adjusted Non-GAAP EPS. Adjusted EBITDA amounts are not meant as a substitute for GA
Slide 18: Q3 2021 Reconciliation of GAAP to Adjusted EBITDA
Q3 2021 Reconciliation of GAAP to Adjusted EBITDA (1) NOTE 1: Table above excludes certain intercompany allocations 1. Figures are adjusted non-GAAP; includes Consensus and the divested assets 18
Slide 19: Q3 2020 Reconciliation of GAAP to Adjusted EBITDA
Q3 2020 Reconciliation of GAAP to Adjusted EBITDA (1) NOTE 1: Table above excludes certain intercompany allocations NOTE 2: Table above has been recast to remove the impact of certain expenses associated with the Corporate entity that were previously allocated to the Cloud Services and Digital Media
Slide 20: Reconciliation of Non-GAAP to Pro-Forma (includes Consensus)
Reconciliation of Non-GAAP to Pro-Forma (includes Consensus) 1. Adjustments for excluded assets consist of certain Voice assets in Australia and New Zealand that were sold in the third quarter of 2020, certain Voice assets in the United Kingdom that were sold in February 2021, and the certain assets