Slide 1: Quarterly Earnings Summary | Q2 2014
Exhibit 99.2 local corporation Quarterly Earnings Summary | Q2 2014
Slide 2: Forward-looking statements
This Q4-2013 Quarterly Earnings Summary contains forward statements. Those risks and uncertainties are detailed in the looking statements which are made pursuant to the Safe Harbor company’s filings from time to time with the Securities and provisions of section 21-E of the Securities Exchange Act o
Slide 3: Growth, Financials, Mobile
Growth Financials Mobile TM • Q2 revenue of $22.5M • Ended Q2 with $6.7M in total cash • Launched nQuery by Local which is already powering millions of user • Q2 Adjusted EBITDA $1.0M, positive for • 2014 guidance: Revenue between searches per month the sixth consecutive quarter $103M and $107M, and
Slide 4: Q2-14 financial summary
$ in Millions Q2-14 Q1-14 Q2-13 GAAP Revenue $ 22.5 $ 26.2 $ 22.7 Adjusted EBITDA $ 1.0 $ 0.7 $ 1.2 Net Loss $ (1.3) $ (2.8) $ (3.6) Diluted Adjusted EBITDA per share $ 0.04 $ 0.03 $ 0.05 Diluted GAAP net loss per share $ (0.06) $ (0.12) $ (0.16) Diluted weighted avg shares used for Adj EBITDA per s
Slide 5: Local.com key metrics
Local.com $299 $276 $230 $215 $199.5 $189.3 $204 $180.3 $178 70.7 67.5 54.7 60.8 54.9 49.3 60.2 59.9 61.9 Quarterly earnings summary: Q2 2014 5
Slide 6: Quarterly Revenues by Business Unit
Quarterly Revenues by Business Unit % of Total Revenue by Business Unit 15% $26.7 $26.8 $26.2 $24.4 20% $23.5 $4.1 $22.7 $22.5 37% 44% 39% $5.0 51% 56% $21.5 $20.6 62% 60% $16.1 $14.8 $9.9 $11.6 $8.3 $14.5 85% $7.6 $22.6 80% $19.4 63% 61% 56% $13.2 $12.6 49% $12.9 $11.1 $11.4 44% $8.9 $10.7 38% 40%
Slide 7: Adjusted EBITDA to GAAP net income reconciliation
Description FY-09 FY-10 FY-11 FY-12 FY-13 FY-14* Adjusted EBITDA $3,041 $13,775 $3,247 $777 $4,533 $3,500 Less interest and other income (expense), net (27) (275) (413) (425) (2,321) (1,700) Less provision for income taxes (158) (102) (178) (111) (139) (200) Less amortization of intangibles (2,524)
Slide 8: Balance sheet summary
$ in Millions Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Assets Cash & marketable debt securities $ 4.8 $ 4.8 $ 5.1 $ 3.7 $ 6.7 Accounts receivable, net 13.4 14.9 17.3 18.2 12.8 Total Assets 50.4 51.4 51.6 50.7 47.7 Liabilities and Equity Total Debt 12.6 13.1 13.2 14.0 13.6 Total Liabilities 27.1 29.7 31.3 33.1
Slide 9: FY-2014 guidance
$ in Millions FY-2014 Total Revenue $103M – 107M Adjusted EBITDA $3.0M – 4.0M Per Diluted Share $0.13 – $0.17 Diluted Weighted Avg. Shares 23,500 Projected as of August 12, 2014 Note: Since we cannot predict the valuation of the warrant liability and the conversion option liability, we cannot reason
Slide 10: Non-GAAP financial measure: Adjusted EBITDA
This document includes the non-GAAP financial measure of “Adjusted lease liability; and severance charges which are not directly attributable to EBITDA” which we define as net income (loss) excluding: provision for the underlying performance of the company’s business operations. income taxes; intere
Slide 11: Fred Thiel, Chairman & CEO; Ken Cragun, CFO
Fred Thiel Ken Cragun Chairman & CEO CFO fred@local.com kcragun@local.com Local Corporation | 7555 Irvine Center Drive | Irvine CA 92618 | 949.784.0800 | www.localcorporation.com Quarterly earnings summary: Q2 2014 11