Acacia Research Corporation · NASDAQ:ACTG
Acacia Research — Q1 2025 Earnings Presentation
18 slides from Acacia Research's earnings presentation, May 8, 2025
Slide 1: Q1 2025 Earnings Presentation
Q1 2025 Earnings Presentation As of March 31, 2025 | Nasdaq: ACTG
Slide 2: Disclosures
Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon the current expectations of Acacia Research Corporation ("Acacia" o
Slide 3: Company Overview
Company Overview Company Overview ACTG At A Glance | March 31, 2025 Reported Book Value (“BV”) $577.3 Acacia (NASDAQ: ACTG) is a value-oriented acquirer Common Shares 96.2 of businesses across public and private markets. We acquire businesses where we can tap into our deep Book Value Per Share (“BVP
Slide 4: Key Performance Metrics
Key Performance Metrics | Consolidated Acacia seeks to generate consistent growth in book value per share, revenue, and Adjusted EBITDA Book Value Per Share $5.90 $5.89 $5.95 $5.85 $5.75 $6.00 $5.10 $5.03 $5.04 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Total Company Adjusted EBITDA (1) T
Slide 5: Operated Segments | Key Highlights
Operated Segments | Key Highlights Acacia seeks to generate consistent growth in revenue and Adjusted EBITDA Total Revenue (Including IP) Total Revenue (Excluding IP) $124.4 $54.5 $48.8 $92.3 $48.8 $20.5 $22.8 $24.3 $25.8 $23.3 $10.6 $9.5 $10.7 $14.8 $7.5 $8.3 $7.9 $10.1 Q1'23 Q2'23 Q3'23 Q4'23 Q1'2
Slide 6: Operated Segments | Revenue
Operated Segments | Revenue Energy Operations Industrial Operations $17.3 $18.3 (2) $15.8 $10.6 $14.2 $8.3 $8.6 $8.8 $8.2 $7.5 $7.7 $7.0 $6.3 (1) $1.9 -- -- -- $0.8 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Intellectual Property Opera
Slide 7: Operated Segments | Adjusted EBITDA
Operated Segments | Adjusted EBITDA Energy Operations Industrial Operations (2) $8.4 $8.4 $7.9 $1.9 $7.0 $1.6 $1.3 $1.2 $0.9 $1.0 $0.5 $0.6 (1) $1.4 $0.3 $0.6 -- -- -- Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Intellectual Property Op
Slide 8: Appendix: Financial Reconciliations
Appendix: Financial Reconciliations
Slide 9: 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 State s. From time to time the Company may include certain “non-GAAP” financial measures in its investor pr esentations, ear nings rele ases , earnings confer ence calls or other d
Slide 10: Total Revenue By Segment
Total Revenue By Segment Three Three Three Three Months Ended Months Ended Months Ended Months Ended LTM June 30 September 30 December 31 March 31 March 31 2024 2024 2024 2025 2025 Energy Operations $14.2 $15.8 $17.3 $18.3 $65.6 Industrial Operations 6.3 7.0 8.2 7.7 29.3 Manufacturing Operations --
Slide 11: Adjusted Net Income / (Loss) and Adjusted EPS
Adjusted Net Income / (Loss) and Adjusted EPS Three Months Three Months Three Months Three Months Ended Ended Ended Ended LTM June 30, September 30, December 31, March 31, March 31, 2024 2024 2024 2025 2025 GAAP Net Income / (Loss) ($8.4) ($14.0) ($13.4) $24.3 ($11.6) Non-Recurring Legacy Legal Expe
Slide 12: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Three Months Three Months Three Months Three Months Ended Ended Ended Ended LTM June 30, September 30, December 31, March 31, March 31, 2024 2024 2024 2025 2025 GAAP Net (Income) / Loss ($8.4) ($14.0) ($13.4) $24.3 ($11.6) Net (Income) / Loss Attributable to Noncontrol
Slide 13: Adjusted EBITDA By Segment
Adjusted EBITDA By Segment Three Three Three Three Months Ended Months Ended Months Ended Months Ended LTM June 30 September 30 December 31 March 31 March 31 2024 2024 2024 2025 2025 Energy Operations $7.0 $8.4 $8.4 $7.9 $31.8 Industrial Operations 0.5 0.6 1.6 1.0 3.7 Manufacturing Operations -- --
Slide 14: Adjusted EBITDA | Q1 2025
Adjusted EBITDA | Q1 2025 Three Months Ended March 31, 2025 Intellectual Energy Industrial Manufacturing Property Parent Consolidated Operations Operations Operations Operations Costs Total Consolidated Operations GAAP Operating Income / (Loss) $4.0 $0.3 $0.3 $38.5 ($4.8) $38.3 Depreciation, Depleti
Slide 15: Adjusted EBITDA | Q1 2024
Adjusted EBITDA | Q1 2024 Three Months Ended March 31, 2024 Intellectual Energy Industrial Manufacturing Property Parent Consolidated Operations Operations Operations Operations Costs Total Consolidated Operations GAAP Operating Income / (Loss) $0.2 $1.2 -- $3.3 ($6.7) ($2.1) Depreciation, Depletion
Slide 16: Free Cash Flow By Segment | Q1 2025
Free Cash Flow By Segment | Q1 2025 Three Months Ended March 31, 2025 Intellectual Energy Industrial Manufacturing Property Parent Consolidated Operations Operations Operations Operations Costs Total Consolidated Operations Net Cash From Operating Activities (GAAP) $5.5 $2.5 $1.0 ($2.3) ($4.3) $2.4
Slide 17: Cash & Public Securities
Cash & Public Securities Three Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended March 31, June 30, September 30, December 31, March 31, 2025 2024 2024 2024 2024 2025 Cash & Public Securities Cash and Cash Equivalents $272.0 $438.8 $387.0 $360.1 $273.9 $272.0 E
Slide 18: 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