Lendingtree, Inc. · NASDAQ:TREE
Lendingtree — Proxy Contest (May 2021)
13 slides from Lendingtree's proxy contest presentation, May 27, 2021
Slide 1: Stockholder Engagement Spring 2021
Stockholder Engagement Spring 2021
Slide 2: Forward Looking Statements
2 2 Forward Looking Statements Forward Looking Statements Certain statements in this presentation may be considered to be “forward - looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 , as amended by the Private Securities Litigation Reform A
Slide 3: LendingTree at a Glance
3 $2.5bn+ Lifetime Brand Investment LendingTree at a Glance Note: Figures are as of 4Q 2020. 1) Based on provider - reported funding data and internal estimates. 800+ Strategic Relationships with Top Tier Providers $30bn+ Annual Loan Originations Facilitated (1) Unparalleled B rand with S trong N et
Slide 4: Industry's Most Comprehensive Offering
4 Access to Multiple Offers Efficient Customer Acquisition at Scale Retail Banks Auto Lenders Highly Targeted, Predictable Volume Clicks, Calls and Data Referrals Real - Time Reporting & Analytics Free Credit Scores Tools & Resources Ratings & Reviews Mortgage Lenders P2P Lenders Digital M arketplac
Slide 5: Strong Long-Term Performance
5 Strong Long - Term Performance 24% Revenue CAGR (4) $124mm LTM Adj. EBITDA (2)(3) $0.9bn LTM Revenue (2) 1) Reflects total stockholder return (“TSR”) for the period 12/31/2015 to 12/31/2020 and does not reflect 2021 performance. TSR is calculated assuming dividend reinvestment . 2) As of Q4 2020.
Slide 6: Amendment to Stock Plan Share Increase
6 Amendment to Stock Plan Share Increase • 600,000 share increase to the number of shares authorized for issuance under the p lan , a net increase of 141,528 shares after factoring in the cancellation of the 458,472 shares under the 2017 Inducement Grant Plan that was terminated in Apr. 2021 Primary
Slide 7: Historical Burn Rate in Line with Peers
7 Historical Burn Rate in Line with Peers 3 - Yr. Avg. Annual Shares Granted as % of Total Shares Outstanding (1) TREE Peer Group Total Gross Burn Rate Peers 1 – 9 2.95% – 7.23 % TREE 2018 – 2020 Avg. 2.92% Peers 11 – 19 0.69% – 2.81% Peer 75th Percentile 4.17% Peer Median 2.88% Peer 25th Percentile
Slide 8: Our CEO's New Employment Agreement Strongly Aligned with Stockholder Interests
8 Our CEO’s New Employment Agreement Strongly A ligned with Stockholder Interests In Nov. 2020, the Company entered into a new employment agreement with Douglas Lebda , securing his continued leadership as our Chairman & CEO through Dec. 31, 2023 In connection with his new employment agreement, our
Slide 9: Overview of Compensation Program
9 Base Salary ~8% Actual Bonus ~10% Options ~40% Performance Options ~41% Overview of Compensation Program CEO Fiscal 2020 – Total Direct Compensation (1) 92% “At - Risk” Stock ownership guidelines cover our CEO (6x base salary) and our other NEOs (1.5x - 3x base salary) Clawback policy covering
Slide 10: We Request Your Support
10 We Request Your Support The Board A sks That You Vote FOR A ll Proposals at the 2021 Annual Meeting Proposal 1 FOR Election of Each of the Eight Director Nominees Proposal 2 FOR Approval of the Employee Stock Purchase Plan Proposal 3 FOR Approval of an Amendment and Restatement of the Stock a
Slide 11: Appendix
11 Appendix
Slide 12: Non-GAAP Adjusted EBITDA Margin Annual Reconciliation
12 Non - GAAP Adjusted EBITDA Margin Annual Reconciliation Twelve Months Ended December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 (in millions, except percentages) Net income from continuing operations $ 31 $ 19 $ 109 $ 39 $ (22) Net income from continuing oper
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