Aurora Mobile Ltd. · NASDAQ:JG
Aurora Mobile — Q4 2022 Earnings Presentation
18 slides from Aurora Mobile's earnings presentation, Mar 9, 2023
Slide 1: 2022 Q4 Earnings Presentation
2022 Q4 EARNINGS PRESENTATION March 9, 2023
Slide 2: 2022 Q4 Business Highlights
Part 1 2022 Q4 Business Highlights
Slide 3: Strategic Partner of WhatsApp in Greater China
Strategic Partner of WhatsApp in Greater China • Aurora Mobile became a strategic partner of WhatsApp in Greater China in December 2022 • This is great testament on our product and service quality. We will have strong and continuous technical support from Meta Platforms (Nasdaq: META) • WhatsApp is
Slide 4: We Have Integrated AIGC in Our Products and Services
We Have Integrated AIGC in Our Products and Services ChatGPT ERNIE Bot Others... • We utilize ChatGPT technology to enhance our JPush and SendCloud email services • By integrating ChatGPT： -JG 1. JPush can quickly generate personalized JG intelligent push copywriting with high click- through rates a
Slide 5: 2022 Q4 Financial Highlights
2022 Q4 Financial Highlights
Slide 6: Group Revenues - Defined
Group Revenues - Defined Developer Services Vertical Applications • Subscription • Market Intelligence • Value-Added Services • Financial Risk Management 6
Slide 7: Total Group Revenue Increased by 8% QoQ Driven by Economic Recovery
Total Group Revenue Increased by 8% QoQ Driven by Economic Recovery 8% QoQ RMB (‘Million) In Q4’22, we recorded: 26.6 101.2 • Highest quarterly revenue in 2022 85.4 86.9 • Sequential revenue growth for all business lines 26.6 80.4 76.1 23.7 25.6 20.9 23.4 Revenue increased by 8% QoQ driven by growth
Slide 8: Adjusted EBITDA In Q4'22 Turned Positive!
Adjusted EBITDA In Q4’22 Turned Positive ! RMB (‘Million) • We achieved positive Adjusted EBIDTA in Q4’22 despite tough 1.8 4Q20 1Q21 2Q21 3Q21 1Q22 2Q22 3Q22 0.6 operating environment 4Q21 4Q22 • The positive shift in Adjusted EBITDA due to： (6.7) (8.2) (8.0) - Revenue increased by a 8% QoQ or RMB6
Slide 9: Developer Service Revenue Recorded 11% QoQ Growth
Developer Service Revenue Recorded 11% QoQ Growth RMB (‘Million) 74.6 63.2 • Subscription revenue: 59.8 30.2 55.2 57.0 - Increased by 4% YoY or 11% QoQ 16.9 mainly driven by an increase in the 15.3 number of customers 25.4 16.9 • Value-Added-Services revenue: - Increased by 10% QoQ mainly driven by
Slide 10: Vertical Application Revenue Recorded Sequential QoQ Growth
Vertical Application Revenue Recorded Sequential QoQ Growth RMB (‘Million) • Include revenues from: a) Market Intelligence 26.6 25.6 b) Financial Risk Management 23.4 23.7 20.9 • Revenue increased by 1% QoQ attributable to： - Market Intelligence by 16% QoQ - Financial Risk Management by -14% QoQ • T
Slide 11: Gross Profits and Gross Margins Improved!
Gross Profits and Gross Margins Improved ! RMB (‘Million) • In Q4’22, we achieved highest quarterly gross profit level for FY2022 72.1 58.5 59.8 • Gross profits increased by 11% 53.5 54.0 QoQ to RMB59.8M 71.2% • The gross profits and gross 68.6% 70.2% 67.2% 68.8% margins increased QoQ due to: - Tota
Slide 12: Operating Expenses Staying Below RMB100M
Operating Expenses Staying Below RMB100M RMB (‘Million) • For the fifth consecutive quarters, our OPEX are 94.5 95.4 below the RMB100M mark 92.5 87.7 80.0 35.0 40.0 45.0 40.8 • The increase in OPEX QoQ 38.3 mainly due to： 24.5 26.3 - G&A expenses increased due to 23.3 33.1 an one-time RMB22.4 millio
Slide 13: Company Achieved Historic Low In Adjusted OPEX!
Company Achieved Historic Low In Adjusted OPEX! RMB (‘Million) • Q4’22 Adjusted OPEX (which represents the cash component of OPEX) was at lowest level since IPO 88.9 88.4 84.5 77.8 77.8 72.5 • The decrease in Adjusted OPEX 71.2 66.9 62.8 mainly due to： - Investment in process improvements that incre
Slide 14: Deferred Revenue Has Risen To The Highest Level In History
Deferred Revenue Has Risen To The Highest Level In History RMB (‘Million) 15% YoY • Deferred Revenue increased by 15% YoY or 2% QoQ, and achieved 11th consecutive 139.1 142.3 quarter of > RMB100M 137.7 133.3 115.2 111.5 119.0 123.8 • This great trend of Deferred 110.0 Revenue balance demonstrates -
Slide 15: Balance Sheet Remained Strong as of 12/31/2022
Balance Sheet Remained Strong as of 12/31/2022 Cash and cash equivalents, restricted cash and 01 short-term investments of: • Healthy level of cash to support business growth RMB116M as of 12/31/2022 02 Net Cash Inflow from operating activities: 02 • From negative in Q3’22 to positive in Q4’22 Turne
Slide 16: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures I n e v a l u a t i n g t h e b u s i n e s s , Aurora Mobile Limited, Company believes that adjusted net loss and adjusted EBITDA (“Aurora”, ”The Company”) considers and uses three non- provide useful information about its operating results, enhance GAAP measures,
Slide 17: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying oral presentation employees to third parties. Statements that are not historical have been prepared by Aurora Mobile Limited, (“Aurora”) for facts, including but not limited to statements about Aurora informational purposes only and not fo
Slide 18: Thanks
THANKS