Life360, Inc. · NASDAQ:LIF
Life360 — Bell Potter Decoded 2023 Conference
25 slides from Life360's conference presentation, Sep 15, 2023
Slide 1: Bell Potter Decoded 2023 Conference
Investor Presentation Bell Potter Decoded 2023 Conference Chris Hulls, Co-Founder and CEO Russell Burke, CFO & © tifes6o | - a 14 September 2023
Slide 2: Disclaimer
Disclaimer This document dated 14 September 2023 hos been prepared by Life360, Inc. (ARBN 629 412 942) (Company) and is provided for information purposes only. It contains summary information ‘about the Company and its activities ond is current as at the date of this document. it should be read in c
Slide 3: Introduction
Introduction CY23 H1 Results Overview Strategy Update ? » ’ Note : All references inthi ;ntation to $ are on
Slide 4: Introduction
Introduction
Slide 5: Why We Exist
WHY WE EXIST. The Life360 mission is to keep people close to the ones they love Life360 aims to build on our foundation of location and family safety to disrupt billion dollar categories by creating mobile experiences that make life safer, easier and more satisfying with Families with ng kids ht tee
Slide 6: Management Presentation | August 2023
6Management Presentation | August 2023 6 billion
Slide 7: One of the Highest DAUs Across All Apps
One of the Highest DAUs Across All Apps US App Rankings by DAU! Hn June 2028: data ai @itreseo Whats App Messenger Amazon Life360 Family Locator v @ one we @ Beterest = (2) RoBLOK The Weather Channel 20 , a 2 23 4 25 26 © a 2 BE lin} nw ©] (=) Discord Microsoft Outlook Google Photos Pandora Music Ne
Slide 8: Best in Class Engagement
BEST IN CLASS ENGAGEMENT Rivals the biggest names in social and streaming media Global Daily Active Users (DAU)/Monthly Active Users (MAU) Ratio (%) 64% Social Media Streaming Media it [J : : 1US. with pustt Fnotiicatons Source: dota.ai 1. Hyper-Engaged Social represents the average DAU/MAU of Faceb
Slide 9: CY23 H1 Results
CY23 HI Results S ® 2 © > e)
Slide 10: CY23 H1 Achievements
CY23 H] ACHIEVEMENTS Cementing our position as the market-leading family safety membership service Lom eae Growing our audience ~54m Global Monthly Active Users + 29% YoY AI% Daily Active Users as % Monthly Active Users* *For month of June 2023, **June 2023 Annualized Monthly Revenue (AMR) @tesoo Ex
Slide 11: CY23 H1 Results Summary
CY23 H1] RESULTS SUMMARY Delivering on growth $M Revenue Subscription Hardware Other Total revenue Annualized Monthly Revenue (AMR) (excluding Hardware) Non-GAAP Operating Expenses Adjusted* EBITDA Net loss Cash and cash equivalents** Note: Tables may not add due to rounding, 69.1 16.5 14.3 99.8 174
Slide 12: Accelerating Subscription Revenue Growth
ACCELERATING SUBSCRIPTION REVENUE GROWTH Quarterly AMR has more than tripled since our IPO in May 2019 Quarterly Annualized Monthly Revenue ($M)* 250 200 YoY growth in June 2023 Annualiz: Monthly revenue 150 100 ° L 1Q1I9 2019 3QI9 4Q19_ 1Q20 220 3020 4Q20 1021 2021 3Q21 4021 1022 2022 3022 4022 102
Slide 13: Global MAU Reaching New Heights with Strong Retention
GLOBAL MAU REACHING NEW HEIGHTS WITH STRONG RETENTION MAU year-on-year growth of 29% Life360 Core Monthly Active Users (MAU)(M) Life360 Core Returning Monthly Active Users by cohort (RMAU)*(M) RMAU strength reflects improvir Ql G2 G3 24 QI Q2 G3 Q4 QI G2 G3 G4 QI G2 G3 24 GI G2 Q3 G4 QI QI Q2 G3 G4
Slide 14: Paying Circle Growth and Accelerating ARPPC Growth
PAYING CIRCLE GROWTH AND ACCELERATING ARPPC GROWTH Price increase accelerating ARPPC uplift Paying Circles by product line (000s) Average Revenue Per Paying Circle (ARPPC) ($)* $141 Q Ce ——US = International ying Circles Q2'23 ARPPC eee increased 42% YoY 10% YoY while for US subscribers increasing p
Slide 15: Strategy Update
Update
Slide 16: Strategy Update: 2023 Key Initiatives
STRATEGY UPDATE 2023 Key Initiatives @ttesoo Grow our Audience Drive Membership ee Join Gold, get a free Tile Mate! Expand Internationally Maintain financial discipline fon September 202316
Slide 17: Strategy Update: Grow our Audience
STRATEGY UPDATE Grow our Audience Continuing to improve the core experience and building user engagement for long-term growth Ocongeu + van +R Bring the map to life Amplify member communications Feedback to encourage to drive engagement safer driving @tesoo Conference Presentation September 2023 v
Slide 18: Strategy Update: Drive Membership
STRATEGY UPDATE Drive Membership Leverage hardware bundling and feature-focused Giro Free gift for limited time! promotions to drive continued subscription revenue growth Scpen olnaeed @ s ae Join Gold, get a free Tile Mate! In-app member experience Enhanced in-app features to drive awareness of key
Slide 19: Strategy Update: Expand Internationally
STRATEGY UPDATE Expand Internationally Creating free international user experience parity to drive growth International Free User Retention (Month 1) Significantly improving international retention in line with investment with feature parity 60% 50% 40% 30% 20% CevID-19 10% RRegesseegggag ag SPSS 35
Slide 20: Strategy Update: Expand Internationally
STRATEGY UPDATE Expand internationally Momentum ahead of Q4 UK launch Oitreseo Find My Friends app News | poumics roormau. cetens | Tv | CHOICE ROYALS EXCLUSIVE: 'We track our kids during the school holidays - it gives them more freedom’ romeo eso, onynos 8 OO @ M1 vce their trainspotting Conference
Slide 21: Strategy Update: Expand Internationally
STRATEGY UPDATE Expand Internationally Monetizing free user base through Membership in key regions MAU (M) —_ CY22H1 CY22H2 CY23 HI User retention is approaching U.S. levels, supporting top of funnel growth @itesoo Canada, UK, Australia Performance Paying Circles (000s) ae Cy22H1 CY22H2 CY23HI Signi
Slide 22: Outlook
Slide 23: Outlook
Outlook For CY23 Life360 expects to deliver: * Core Life360 subscription revenue growth in excess of 50% YoY; + Hardware revenue growth of 0% to 5%; * Other revenue of approximately $26 million; * Consolidated revenue of $300 million - $310 million; * Positive Adjusted EBITDA* of $9 million - $14 mi
Slide 24: Q&A
05 Q&A
Slide 25: Thank you