Ziff Davis, Inc. · NASDAQ:ZD
Ziff Davis — J2 Global — Q2 2021 Earnings Presentation
18 slides from Ziff Davis's earnings presentation, Aug 6, 2021
Slide 1: Second Quarter 2021 Results
S E C O N D Q U A R T E R 2 0 2 1 R E S U LT S A U G U S T 6 , 2 0 2 1
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 Private Securities Litigation Reform Act of 1995, particularly those regarding our 2021 Financial Guidance. Such forward-looking statements are subject to num
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 worldwide economic issues on customer ac
Slide 4: Q2 2021 Consolidated Financial Snapshot
Q2 2021 Consolidated Financial Snapshot (1) Figures are adjusted non-GAAP; See slide 17 for a reconciliation of the pro-forma 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 K
Slide 5: Adjusted EBITDA and Free Cash Flow
Adjusted EBITDA and Free Cash Flow (1)(3) (1) See slides 13 and 14 for a GAAP reconciliation of Free Cash Flow and adjusted EBITDA (2) Figures are adjusted non-GAAP (3) Free cash flow decreased primarily due to additional tax payments during Q2 2021 in comparison to the prior comparable period in th
Slide 6: Q2 2021 Financial Snapshot By Business
Q2 2021 Financial Snapshot By Business (1) Figures are adjusted non-GAAP; See slide 17 for a reconciliation of the pro-forma 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 Ki
Slide 7: 2021 Financial Guidance
(2021 FINANCIAL GUIDANCE
Slide 8: 2021 Guidance (Forward-Looking Statements)
2021 Guidance (Forward-Looking Statements) (1)(2)(3) J2 has raised its full-year guidance of Revenues, Adjusted EBITDA and Adjusted non-GAAP EPS (1) Figures are adjusted non-GAAP, and exclude our B2B Backup and UK Voice businesses (2) Adjusted earnings per diluted share excludes share-based compensa
Slide 9: Supplemental Information
"SUPPLEMENTAL INFORMATION
Slide 10: Consolidated Metrics
Consolidated Metrics (1) See slide 12 for a reconciliation of adjusted non-GAAP earnings and EPS to GAAP Net Income and diluted GAAP EPS (2) See slide 13 for a definition of Free Cash Flow and reconciliation to Net Cash Provided by Operating Activities (3) See slide 14 for a definition of adjusted E
Slide 11: Cloud Services & Digital Media Metrics
Cloud Services & Digital Media Metrics (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 businesses (2) Cloud Services Customers a
Slide 12: Q2 2021 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS
Q2 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 13: GAAP Reconciliation - Free Cash Flow
GAAP Reconciliation - Free Cash Flow(1)(2)(3) (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 pu
Slide 14: GAAP Reconciliation - Adjusted EBITDA
GAAP Reconciliation - Adjusted EBITDA (1)(2) (Figures in Millions) (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
Slide 15: Q2 2021 Reconciliation of GAAP to Adjusted EBITDA
Q2 2021 Reconciliation of GAAP to Adjusted EBITDA(1) Figures in Thousands Cloud Services Digital Media Corporate Total Revenues GAAP revenues $ 175,283 $ 253,761 $ - $ 429,044 Gross profit GAAP gross profit $ 137,094 $ 228,622 $ (9) $ 365,707 Non-GAAP adjustments: Share-based compensation 115 2 - 11
Slide 16: Q2 2020 Reconciliation of GAAP to Adjusted EBITDA
Q2 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 17: Reconciliation of Non-GAAP to Pro-Forma
Reconciliation of Non-GAAP to Pro-Forma (Figures in $USD Millions, except per share amounts) (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 Febr
Slide 18: J2 Global
J2 GLOBAL