Ziff Davis, Inc. · NASDAQ:ZD
Ziff Davis — J2 Global — Q3 2019 Earnings Presentation
17 slides from Ziff Davis's earnings presentation, Nov 1, 2019
Slide 1: Third Quarter 2019 Results
T H I R D Q U A R T E R 2 0 1 9 R E S U LT S N O V E M B E R 1 st, 2 0 1 9
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 2019 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: Q3 Consolidated Financial Snapshot
Q3 Consolidated Financial Snapshot (1) (1) See slides 13-16 for a GAAP reconciliation of adjusted non-GAAP gross profit, adjusted EBITDA and adjusted earnings per diluted share for the Company as a whole and by Business (2) Figures are adjusted non-GAAP 4
Slide 5: Adjusted EBITDA and Free Cash Flow
Adjusted EBITDA and Free Cash Flow (1) (1) See slides 13-16 for a GAAP reconciliation of Adjusted EBITDA and Free Cash Flow 5 (2) Figures are adjusted non-GAAP
Slide 6: Q3 2019 Financial Snapshot By Business
Q3 2019 Financial Snapshot By Business (1) (1) See slides 14-16 for a GAAP reconciliation of adjusted EBITDA for the Company as a whole and by Business (2) Figures are adjusted non-GAAP; Certain shared corporate expenses at J2 Global, Inc. were allocated to Cloud Services and Digital Media resulting
Slide 7: 2019 Financial Guidance
2019 FINANCIAL GUIDANCE
Slide 8: 2019 Guidance (Forward-Looking Statements)
2019 Guidance (Forward-Looking Statements) Reaffirm our annual revised guidance(3) of Revenues, EBITDA and EPS REVISED GUIDANCE Revenues $1,330MM - $1,370MM Adjusted EBITDA(1)(2) $540MM - $556MM Adjusted non- GAAP EPS(1)(2) $6.95 - $7.15 (1) Figures are adjusted non-GAAP (2) Adjusted earnings per di
Slide 9: Supplemental Information
"SUPPLEMENTAL INFORMATION
Slide 10: Consolidated Metrics
Consolidated Metrics 2017 2018 2019 J2 Consolidated Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Revenue by Business |---(in '000s)---| Cloud Services Revenues $141,544 $144,709 $145,787 $146,916 $149,485 $150,297 $150,094 $148,099 $152,245 $169,132 $171,163 Digital Media Revenues $113,125 $128,465 $127,829 $16
Slide 11: Cloud Services & Digital Media Metrics
Cloud Services & Digital Media Metrics 2017 2018 2019 Cloud Services Metrics Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Revenue by Type Fixed Subscriber Revenues $115,726 $117,556 $118,755 $119,232 $120,840 $123,648 $123,111 $121,350 $124,309 $140,352 $141,832 |----------------------(in '000s)----------------
Slide 12: Q3 2019 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS
Q3 2019 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS (1) Non-GAAP net income is GAAP net income with the following modifications: (1) elimination of share-based compensation and the associated payroll tax expense; (2) elimination of certain acquisition- related integration costs; (3) e
Slide 13: GAAP Reconciliation - Free Cash Flow
GAAP Reconciliation - Free Cash Flow(1) (2) Figures in Thousands 2013 2014 2015 2016 2017 2018 LTM Q3 2018 Q3 2019 Net cash provided by operating activities $ 193,324 $ 177,231 $ 229,061 $ 282,387 $ 264,420 $ 401,325 $ 418,901 $ 87,823 $ 99,481 Less: Purchases of property and equipment (18,626) (11,
Slide 14: 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 G
Slide 15: Q3 2019 Reconciliation of GAAP to Adjusted EBITDA
(1) Q3 2019 Reconciliation of GAAP to Adjusted EBITDA (1) Figures are adjusted non-GAAP 15
Slide 16: Q3 2018 Reconciliation of GAAP to Adjusted EBITDA
(1) Q3 2018 Reconciliation of GAAP to Adjusted EBITDA (1) Figures are adjusted non-GAAP 16
Slide 17: J2 Global
J2 GLOBAL