Tripadvisor, Inc. · NASDAQ:TRIP
Tripadvisor — Investor Presentation (August 2019)
18 slides from Tripadvisor's investor presentation, August 2019
Slide 1: TripAdvisor Investor Presentation
TripAdvisor Investor Presentation August 2019 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts or guarantees of future performance and are based on
Slide 3: TripAdvisor helps travelers unleash the full potential of every trip
TripAdvisor helps travelers unleash the full potential of every trip 3 3
Slide 4: TripAdvisor is central player in massive travel market that is shifting online
TripAdvisor is central player in massive travel market that is shifting online $1.7 trillion(1) global travel market opportunity and growing Travel bookings shifting online; ad dollars are following Large digital tours & activities market opportunity; current online penetration only ~20%(2)
Slide 5: The world's largest and most influential travel platform
The world’s largest and most influential travel platform Massive Global Demand Significant Supply Footprint Across for Differentiated Travel Content (1) TripAdvisor’s Global Travel Platform a Spectrum of Travel Products (1) 490M 2.3M avg. monthly unique Accommodations (3) visitors (2) 60%+ Audience
Slide 6: HM&P segment delivered strong profitability and margin expansion
HM&P segment delivered strong profitability and margin expansion Hotels, Media & Platform Segment Adjusted EBITDA (1) Hotels, Media & Platform Segment Adjusted EBITDA Margin (2) ($ millions, except CAGR) Quarterly Adj. EBITDA Margin 43% 41% $108 36% 34% 31% $85 Q2'18 Q2'19 Q2'18 Q3'18 Q4'18 Q1'19 Q2
Slide 7: Key initiatives to deepen customer engagement and monetize our influence
Key initiatives to deepen customer 1. Laying the groundwork for a engagement and monetize our influence world-class media advertising platform to drive revenue growth 2. Ramping consumer product enhancements that increase habit and both grow - and serve - members 3. Delivering more impactful TripAdv
Slide 8: Relatively untapped media advertising revenue growth opportunity
Relatively untapped media advertising revenue growth opportunity 2018 Media Advertising Revenue ($M) • The digital advertising market is $2,617 expected to grow 14% annually and reach $479 billion by 2022 (1) • Industry analysts estimate that modern, high-powered advertising suite spanning native, v
Slide 9: Laying the foundation for a world-class media advertising platform
Laying the foundation for a world-class media advertising platform • Offer clients a more modern, high-powered advertising suite spanning native, video and programmatic solutions • Expand customer base beyond endemic travel • Introduce brand building solutions • Significantly build our first-party d
Slide 10: Product enhancements aimed at increasing loyalty are making membership more valuable
Product enhancements aimed at increasing loyalty are making membership more valuable Compared to the average user, members… • Visit TripAdvisor directly 5x more • Cross-shop 4x more • Return to the site 3x more, and • Generate greater monetization 10 Source: Internal log files
Slide 11: Supply and demand growth in Experiences and Restaurants driving higher user engagement
Supply and demand growth in Experiences and Restaurants driving higher user engagement and diversified revenue streams Experiences Bookable Products(1) LaFourchette Bookable Products(1) Experiences & Dining Segment Revenue (in thousands, except CAGR) (in thousands, except CAGR) (in $ millions, excep
Slide 12: Financial highlights
Financial highlights Revenue scale Revenue growth CAGR (1) $1.6B 2018 Total Revenue 14% Full Year 2008-2018 Revenue Strong profitability Making focused Strong profitability (2) investments to drive long- $422M 2018 Adj. EBITDA term profitable growth $113M 2018 GAAP Net Income Cash flow generative $4
Slide 13: Long-term focus: Investment Highlights
LONG-TERM FOCUS Investment Highlights: Attractive $1.7 trillion global travel market opportunity; travel purchases shifting online Rich travel content differentiates brand and attracts nearly half-a-billion monthly unique visitors (1) Comprehensive, end-to-end consumer offering throughout the tra
Slide 14: Segment financial information
Segment financial information (in 2 $ millions, except percentages) Q2 2017 Q2 2018 Q2 2019 Revenue: Hotels, Media & Platform $280 $272 $254 Growth % (y/y) (3)% (7)% Experiences & Dining $74 $98 $125 Growth % (y/y) 32% 28% Other (1) $70 $63 $43 Growth % (y/y) (10)% (32)% Consolidated Revenue $424 $4
Slide 15: Financial summary
Financial summary Q2 2017 Q2 2018 Q2 2019 (in $ millions, except Earnings per Share, “EPS”) GAAP Net income $27 $32 $34 Non-GAAP net income (1) $53 $58 $64 GAAP Diluted EPS $0.19 $0.23 $0.24 Non-GAAP Diluted EPS (2) $0.38 $0.41 $0.45 Cash flow provided by operations $221 $186 $181 Free Cash Flow (3)
Slide 16: Non-GAAP reconciliations
Non-GAAP reconciliations 2017 2018 2019 (in $millions, except per share amounts and percentages) Q2 Q2 Q2 Reconciliation from GAAP Net Income to Adjusted EBITDA (Non-GAAP): (1) GAAP Net Income $27 $32 $34 (1) Add: Provision for income taxes 17 10 34 Add: Other expense (income), net 2 7 (2) Add: Stoc
Slide 17: Non-GAAP reconciliations – End notes
Non-GAAP reconciliations – End notes The Company believes that non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enables comparison of financial results between periods where certain items may vary independent of busin
Slide 18: know better, book better, go better
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