APX — J.P. Morgan Global High Yield & Leveraged Finance Conference 2016
17 slides from APX's conference presentation, Feb 29, 2016
Slide 1: APX Group Holdings, Inc. at J.P. Morgan High Yield & Leveraged Finance Conference
Exhibit 99.1 lp12 APX JP March Morgan Group 1, 2016 Global Holdings, HighInc. Yield & Leveraged Finance Conference
Slide 2: Forward-looking statements and preliminary results
Preliminary preliminary quarterly plans, estimates, including may similar Forward-looking process; or requirements; on local These in (SEC), “Risk forward-looking undertakes The responsibility as and the results This United measure information industry, apurchase governing Adjusted Appendix 2accorda
Slide 3: Presenters
Alex Gerard Presenters Mark Dale Dunn Davies President SVP ChiefFinance Financial andOfficer Treasurer
Slide 4: Redefining the Home Experience
REDEFINING THROUGH Home Residential Launched Internet Acquired Storage 2014 2010 2011 2014 Solar INTELLIGENTLY THE IPO 2014 HOME EXPERIENCE DESIGNED PRODUCTS & SERVICES DELIVERED TO EVERY HOME BY PEOPLE WHO CARE
Slide 5: Vivint Smart Home accolades at CES 2016
Vivint “We Smart Coldwell Editors 818 5912Smart Buzzworthy ofFound Brilliant the Home Smart Choice Home most Banker the Gadgets Service Home Smart innovative Products Award Ultimate Forbes CES right Home Provider. -Best that Android All Accolades connected-home from Innovations IoT/Smarthome in you
Slide 6: Vivint Smart Home Platform
Security Lighting Sky 280+ 200+ 20+ Doorbell Smart Space Integrating Vivint Amazon 6Google Platform million million Monkey: Home thermostats: Smart Ping Nest is Echo Access camera: aNext Camera daily component Eco-system Platform Products Home daily 88+ Security Gen video ~50% inbound Smart 390,000+
Slide 7: $40B+ Smart Home Opportunity
$40B+ Smart Penetration High Integrated Regular $Non-commodity… 2014 $3 CAGR 28% $15 Commercial In ~8% 25.0 15.9 19.4 21.2 13.0 11.4 8.3 2000 Source: Estimates inBillions 9.3 billions 11.5 16.3 14.4 CAGR level 2020 2001 Home Opportunity: 9.7 ABI system 17.2 14.5 vary solution of 2002 rate 23.2 & and
Slide 8: Eight barriers and Vivint's Direct-to-Home Model
TheSecurity Eight 1) 2) 3) 4) 5) 6) 7) 8) Vivint’s Highly In-home Professional Proprietary Best-in-class 8Regular Burden High Difficulty Poor Lack Winning barriers trained product of up-front vertically-integrated customer design on clear post-install and cloud 24x7x365 educating of product Smart co
Slide 9: Vivint: Most Comprehensive Smart Home Solution
Vivint ~14% ~16% Adjusted ~$415 Most Big Over 280 Nationwide Blackstone (1) (2) “Think Smart Residential Launched Revenue Only Data, million(2) 1comprehensive 6 Wireless Customer Revenue is million(1) million million(2) ofaincludes EBITDA Analytics it 2010 Leading investment sales, like and Smart cu
Slide 10: Vivint Smart Home customers choosing more packages
Vivint More packages… In Smart Security $58 100 $49 $56 58 70 ~78 51 042 ~22 30 2009 Note: 5Percent 61 49 39 $58 952010 Vivint Based Home is$45 only an2011 Industry leading customers upon vs. $622012 Security $61-$62 public RMR Leader 2013 are SEC only choosing 2014 infilings offering Smart 2015E Sm
Slide 11: Fourth Quarter 2015 Results
Fourth New in 33—34 73% $152.4 21.5 $LTM 12.5% 12.3% $104 4Q14 31.3x Y-o-Y Notes:. (1) inthousands Revenue millions 71.3% -Subscribers Quarterly 4Q15E %12.1%—$99 $84.1 Quarter 74% Subscriber $177 growth and $31.3x 4Q14 in 2015 Attrition Adjusted 53%-58% 18%-24% Revenue(1) millions data 30.8x 4Q15E -
Slide 12: Leading Smart Home Financials
Industry Revenue(1) $500.9 $563.7 $650-$655 $292.3 $455.2 $339.9 $175.2 Total in 1,010-1,015 219,034 234-238K 894.2 795.5 562.0 36,079 132,855 2011 Note: 2015 (1)millions thousands Revenue 2012 financials Subscribers 2011 180,347 151,091 671.8 $385-$390 $309.4 $244.0 144,268 Leading 2013 in –Adjuste
Slide 13: Moving Inside the Home: 2016 expectations
Moving Entering Expect Direct Inside Product Launching Cloud Considering 2016 Creation Developing Commercialization: “At 13 a key time Sales and to toofferings into 2016 cost Home… areas continue platform when new strong seeing new 2016 multiple with of award connected channel continue focus both wi
Slide 14: Vivint.SmartHome
Vivint.SmartHome
Slide 15: Appendix
Appendix
Slide 16: Adjusted EBITDA Reconciliation
Reconciliation Year 2011 Net Interest Income Restructuring Depreciation Amortization Non Gain Transaction Other Adjusted 1. 2. 3. participants organic 4. 5. related 16 Excludes Reflects Other loss capitalized cash Ended on 2012 Adjustments (income) escrow generation expense, tax 2GIG $adjustments EB
Slide 17: Certain Definitions
Certain Total The Average such considered parties equipment, home Adjusted further entity less 17 net aggregate period Subscribers sales and and adjusted Definitions service RMR EBITDA certain canceled moves channel. installation, Attrition RMR per costs tounusual, –are Subscriber New exclude –The N
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