Acacia Research Corporation · NASDAQ:ACTG
Acacia Research — Q2 2024 Earnings Presentation
12 slides from Acacia Research's earnings presentation, 2024
Slide 1: Q2 2024 Earnings Presentation
Q2 2024 Earnings Presentation As of June 30, 2024 | Nasdaq: ACTG
Slide 2: Disclosures
Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based upon the current expectations of Ac
Slide 3: Company Overview
Company Overview Company Overview ACTG At A Glance | June 30, 2024 Book Value (“BV”) $596.7 Acacia (NASDAQ: ACTG) is a value-oriented acquirer of businesses across public and private markets. We Common Shares 100.4 acquire businesses where we can tap into our deep Book Value Per Share (“BVPS”) $5.95
Slide 4: Key Performance Metrics
Key Performance Metrics Acacia seeks to generate consistent growth in book value per share and free cash flow Book Value Per Share Consolidated Revenue $5.95 (1) $6.07 (1) $92.3 $5.90 $5.89 $5.95 (1) (1) $5.10 $5.03 $5.04 $24.3 $25.8 $14.8 $10.1 $7.9 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q1'23 Q2'23 Q
Slide 5: Acacia Segment Performance
Acacia Segment Performance Segment Revenue Adjusted EBITDA (1) $82.8 $65.8 $0.5 $7.2 $1.3 $13.6 $4.2 $0.4 $1.8 $5.3 Intellectual Property ($3.1) ($2.5) Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q4’23 results for the post Q2’24 includes partial $14.2 Q4’23 results for th
Slide 6: Financial Performance | Q2 2024 vs. Q2 2023
Financial Performance | Q2 2024 vs. Q2 2023 Significant YoY improvement in revenue and profitability during Q2 2024 Three Months Ended June 30, 2024 2023 Intellectual Property Operations $5.3 $0.4 Industrial Operations 6.3 7.5 Energy Operations 14.2 -- Total Revenues $25.8 $7.9 Operating Income (Los
Slide 7: Appendix: Financial Reconciliations
Appendix: Financial Reconciliations
Slide 8: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information GAAP or U.S. GAAP refer to generally accepted accounting principles in the United States. From time to time the Company may include certain “non-GAAP” financial measures in its investor presentations, earnings releases, earnings conference calls or other disclos
Slide 9: Reconciliation of GAAP to Non-GAAP | Acacia Consolidated
Reconciliation of GAAP to Non-GAAP | Acacia Consolidated Three Months Ended Three Months Ended June 30, September 30, December 31, March 31, June 30, LTM Q2 Adjusted Net Income / (Loss) 2024 2023 2023 2023 2024 2024 2024 GAAP Net Income / (Loss) ($8.4) ($18.8) $1.6 $74.8 ($0.2) ($8.4) $67.8 Legal Co
Slide 10: Adjusted Book Value
Adjusted Book Value Three Months Ended Three Months Ended June 30, September 30, December 31, March 31, June 30, Starboard Recapitalization Impact on Book Value 2024 2023 2023 2023 2024 2024 Book Value - Pre-Starboard Recapitalization $596.7 $335.4 $503.6 $589.6 $589.6 $596.7 Impact of Series A Pref
Slide 11: Adjusted EBITDA | By Segment
Adjusted EBITDA | By Segment Three-Month Period Ended Three-Month Period Ended June 30, September 30, December 31, March 31, June 30, LTM Q2 Energy Operations 1 2024 2023 2023 2023 2024 2024 2024 GAAP Operating Income / (Loss) $3.2 -- -- ($0.1) $0.2 $3.2 $3.3 Depreciation, Depletion & Amortization 3
Slide 12: Contact Us
Contact Us Acacia Research Corporation Transfer Agent: 767 Third Avenue, Floor 6 New York , NY 10017 ComputerShare (332) 236-8484 P.O. Box 43006 IR@acaciares.com Providence RI 02940-3078 www.acaciaresearch.com 150 Royall St., Suite 101 Canton, MA 02021 Shareholder Services: 800-962-4284 or internati