Slide 1: Q2 2013 Quarterly Earnings Summary
Exhibit 99.1 Local Corporation …………………………..……………………………………. CONSUMERS We connect local businesses with online consumers BUSINESSES Q2 2013 Quarterly Earnings Summary 1 QUARTERLY EARNINGS SUMMARY | 2Q2013
Slide 2: Forward Looking Statements
Forward Looking Statements…………………………………………………. This Q2 2013 Quarterly Earnings Summary contains forward looking statements which are made pursuant to the Safe Harbor provisions of section 21-E of the Securities Exchange Act of 1934. Investors are cautioned that statements which are not strictly hist
Slide 3: Key Takeaways from Q2'13
Key Takeaways from Q2’13……………………………………………………. • Increase 2013 guidance: » Revenue between $95 million and $97 million » Adjusted EBITDA of at least $5.4 million • Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1 • Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1
Slide 4: Financials and Key Metrics at a Glance
Financials and Key Metrics at a Glance …………………………….…. $ in Millions Q2-13 Q1-13 Q2-12 GAAP Consolidated Revenue $ 22.7 $ 21.5 $ 26.7 Consolidated Revenue ex-Network TAC $ 15.8 $ 17.3 $ 24.7 GAAP Net Loss $ (3.6) $ (3.4) $ (9.3) Adjusted EBITDA $ 1.2 $ 0.7 $ 0.5 Diluted GAAP net loss per share $ (0.1
Slide 5: Consolidated Quarterly Revenues
Consolidated Quarterly Revenues ……….…………………………….. Quarterly Revenues Ex-Network TAC by Business Unit % of Total Revenue Ex-Network TAC by Business Unit $30.0 100% 5% 3% 1% 1% 12% 10% 9% 8% 16% 9% 13% $24.7 23% 24% 30% $25.0 $23.3 $22.8 15% 12% $22.3 $2.1 80% 15% $2.2 $1.1 17% $2.2 $2.2 $2.9 $20.0 $1
Slide 6: MUV - RKV
MUV - RKV……….…………………………………………………………………….. $332 $299 106.2 $285 101.0 100.0 93.7 100.8 93.4 91.9 93.6 $276 $230 82.9 $215 $254 $194 $199.5 6 QUARTERLY EARNINGS SUMMARY | 2Q2013
Slide 7: Mobile Traffic
Mobile Traffic ……….………………………………………………………….…….. INCREASING MOBILE TRAFFIC (MUVs) 7 QUARTERLY EARNINGS SUMMARY | 2Q2013
Slide 8: Network Revenue ex-TAC Trends
Network Revenue ex-TAC Trends ………………………………………. NETWORK REVENUE EX-TAC $5.0 $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0 $ in millions Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Network Rev - GAAP $3.7 $4.4 $5.1 $4.2 $4.1 $5.0 $7.6 $8.3 $11.6 TAC 1.3 1.6 1.5 1.5 2.0 2.1 3.7 4.2 6.8 Ne
Slide 9: Reconciliation of Adjusted EBITDA to GAAP Net Income (Loss)
Reconciliation of Adjusted EBITDA to GAAP Net Income (Loss) ……………………………………………………. Note: Since we cannot predict the valuation of the warrant liability and the conversion option liability, we cannot reasonably project our GAAP net income (loss). We, therefore, cannot provide GAAP guidance, but we do
Slide 10: Key Balance Sheet Metrics
Key Balance Sheet Metrics ……………………………………………………. $ in Millions Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Assets Cash & marketable debt securities $ 7.1 $ 3.7 $ 3.7 $ 3.1 $ 4.8 Accounts receivable, net 12.9 11.4 10.6 10.7 13.4 Total Assets 65.6 58.8 49.9 49.1 50.4 Liabilities and Equity Total Debt 8.0 7.6 10.0 9.
Slide 11: Business Outlook
Business Outlook …………………………………………………………..………. $ in Millions FY-2013 Total Revenue $95-97 Adjusted EBITDA $5.4 Projected as of August 9, 2013 Note: An explanation of the Company’s use of Non-GAAP measures is set forth on Slide 10 11 QUARTERLY EARNINGS SUMMARY | 2Q2013
Slide 12: Use of Non-GAAP Measures
Use of Non-GAAP Measures …………………………………………………. This document includes the non-GAAP financial measure of “Adjusted EBITDA” which we define as net income (loss) excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock based compensation charges;