Slide 1: First Quarter 2025 Preliminary Unaudited Results
First Quarter 2025 Preliminary Unaudited Results 05.07.2025
Slide 2: Forward-Looking Statements and Risk Factors
Forward-Looking Statements and Risk Factors Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Industry, Market and Other Data Reform Act of 1995, particularly those regarding our 2025 Financial Guidance. Such forward-look
Slide 3: Business Overview
Business Overview consensus
Slide 4: Operations and GTM Update Q1 2025 - Corporate Business
Operations and GTM Update Q1 2025 - Corporate Business Business Update • Q1’25 Corporate revenue up 5.6% $54.3M vs. $51.4M in Q1’24 • Revenue retention rate of 101% vs 97.9% in Q1’24 • Total Corporate customer count 60K vs. 55K in Q1’24 • 3.7K+ e-commerce offering eFax Protect and Corporate upsells
Slide 5: Operations and GTM Update Q1 2025 - SoHo Business
Operations and GTM Update Q1 2025 - SoHo Business Business Update • Q1’25 SoHo revenue $32.8M vs. $36.8M previous year (slowing rate of decline) • Account base 730K vs. Q4’24 747K • Q1’25 Churn 3.26% vs Q4’24 3.38% (lowest churn in 14 quarters) GTM update • Focus on automating and optimizing custome
Slide 6: First Quarter 2025 Results
First Quarter 2025 Results consensus
Slide 7: Corporate Revenue Growth In Line with Expectations
Corporate Revenue Growth In Line with Expectations Corporate Revenue ($ in M) Quarter Ended Q1’24 Q1’25 YoY Accounts 55 60 8.8% 5.6% (000’s) YoY Growth ARPA(1) $316.07 $306.54 -3.0% Paid Adds 4 5 11.5% (000’s) LTM Revenue Retention ~60% 97.9% 101.0% +310 bps Record Revenues on Highest YOY Growth in
Slide 8: SoHo Revenue – Performing In Line With Expectations
SoHo Revenue – Performing In Line With Expectations SoHo Revenue ($ in M) Quarter Ended Q1’24 Q1’25 YoY Accounts 808 730 -9.6% -10.6% (000’s) YoY ARPA (1) $14.95 $14.83 -0.8% Paid Adds 63 58 -8.4% (000’s) Monthly Account Churn ~60% 3.42% 3.26% -16 bps Revenue In-Line Amid Slowest Rate Of Decline Sin
Slide 9: Q1 2025 Results
Q1 2025 Results (in $M, except Adjusted EPS) -1.1% -1.7% -2.1% 54.5% 54.2% Margin Margin ● Q1’25 Reported Consolidated Revenue decline YoY, -$1.0M or -1.1% ● Adjusted EBITDA down -$0.8M or -1.7% YoY, Adj. EBITDA margin of 54.2%, 100 bps favorable to Q1’25 guidance range ● Adjusted EPS down -$0.03 or
Slide 10: Strong Cash Generation Supports Capital Allocation Strategy
Strong Cash Generation Supports Capital Allocation Strategy Bond and Equity Repurchases • Q1’25 bond repurchases of ~$10M face value (Q2’25 to date ~$6M) • Program to date bond repurchases of $223M for $209M cash outlay Cash and Cash Equivalents • Q1’25 cash balance ~$53M • Q1’25 interest income on
Slide 11: 2025 Financial Guidance
2025 Financial Guidance consensus
Slide 12: Reaffirming Full Year and Providing Q2 Guidance
Reaffirming Full Year and Providing Q2 Guidance (1) Assumes ~20M shares and 20.5% to 22.5% ETR. (2) The annual and quarterly guidance for Adjusted earnings per diluted share excludes any foreign exchange gains or losses. For the year ended December 31, 2024. FY2024 foreign exchange net gains totaled
Slide 13: Appendix
Appendix cansensus
Slide 14: Bond Repurchase Program Approaching 3x Total Leverage Target
Bond Repurchase Program Approaching 3x Total Leverage Target 2026 6.0%: $279M $261M $259M $256M $249M $240M 2028 6.5%: $455M $418M $390M $363M $349M $348M Total Debt: $734M $679M $649M $618M $598M $588M Cash Generation and Bond Repurchase Program Strategy of De-Levering Continues To Perform ©2025 Co
Slide 15: Consensus Metrics - Consolidated
Consensus Metrics - Consolidated (1) Consensus customers are defined as paying Corporate and SoHo customer accounts. (2) Represents a monthly ARPA for the quarter or year-to-date period, calculated as follows: Monthly ARPA on a quarterly basis is calculated using our standard convention of dividing
Slide 16: Consensus Metrics – Corporate
Consensus Metrics – Corporate (1) Consensus customers are defined as paying Corporate and SoHo customer accounts. (2) Represents a monthly ARPA for the quarter or year-to-date period, calculated as follows: Monthly ARPA on a quarterly basis is calculated using our standard convention of dividing rev
Slide 17: Consensus Metrics – SoHo
Consensus Metrics – SoHo (1) Consensus customers are defined as paying Corporate and SoHo customer accounts. (2) Represents a monthly ARPA for the quarter or year-to-date period, calculated as follows: Monthly ARPA on a quarterly basis is calculated using our standard convention of dividing revenue
Slide 18: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation *The prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on Adjusted EBITDA. Adjusted EBITDA as calculated above represents earnings before interest expense, interest income,