Shutterstock, Inc. · NYSE:SSTK
Shutterstock — Merger or Acquisition (May 2023)
12 slides from Shutterstock's merger presentation, May 23, 2023
Slide 1: Professional Content meets Conversational Content
Professional Content meets Conversational Content
Slide 2: Forward Looking Statements
Forward Looking Statements 2 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking. Examples of forward-looking statements include, but are not limi
Slide 3: GIPHY is the leader in conversational content
GIPHY is the leader in conversational content 2
Slide 4: Conversational content is sent by the most trusted individuals in our lives
Conversational content is sent by the most trusted individuals in our lives GIPHY Communications Sent by our friends, our families, our colleagues – “the most trusted influencers in our lives” Curated piece of content by those who truly know, love, and understand us Advertisers will pay a premium fo
Slide 5: GIPHY enables brands to express themselves through personal mobile communications
GIPHY enables brands to express themselves through personal mobile communications when consumers are most receptive 2
Slide 6: Incredible Content, Vast Distribution
Incredible Content Vast Distribution Incredible real-time content distributed by the largest global social media and communications platforms… 2
Slide 7: With global popularity that makes it among the world's most utilized platforms
7 …with global popularity that makes it among the world’s most utilized platforms ~2bn 1.7bn+ ~350mm ~120mm 18 years 9 years 11 years 17 years 15bn Daily media impressions 1.3bn Daily searches 75% Positive sentiment of GIFs among consumers Source: Daily users for Facebook app and Snap based on compa
Slide 8: Through the GIPHY acquisition, we are extending our audience touch points
Through the GIPHY acquisition, we are extending our audience touch points beyond primarily professional marketing and advertising use cases and expanding into casual conversations. GIPHY enables everyday users to express themselves in memorable ways with GIF and sticker content while also enabling b
Slide 9: GIPHY strengthens each element of Shutterstock's growth strategy
Customers: Serving millions of pieces of GIPHY content to 1.7bn+ daily users Contributors: Community expansion and additional monetization opportunities Potential to access Shutterstock content on GIPHY and GIPHY content on Shutterstock CONTENT ENGINE CREATIVE ENGINE DATA ENGINE GIPHY Create allows
Slide 10: GIPHY adds massive scale in mobile users and a large addressable market
GIPHY adds massive scale in mobile users and allows access to a large and growing total addressable market 75% positive customer sentiment Deep integrations with API / SDK partners, including workplace communications platforms like Slack and Teams Sources: Shutterstock TAM based on Technavio, Profic
Slide 11: Multiple monetization opportunities across advertising, content and distribution
We expect to execute against multiple monetization opportunities across advertising, content and distribution 10 Content: Premium content including generative AI Advertising: Sponsored GIFs & GIPHY Studio Distribution: API/SDK partners
Slide 12: Transaction Overview
Consideration for the transaction of $53 million of net cash paid at closing, inclusive of working capital Cash consideration funded through cash-on-hand and existing revolving credit facility Commercial API agreement with Meta to ensure access to GIPHY’s content across Meta’s platform Shutterstock