Aurora Mobile Ltd. · NASDAQ:JG
Aurora Mobile — Q2 2023 Earnings Presentation
18 slides from Aurora Mobile's earnings presentation, Aug 31, 2023
Slide 1: 2023 Q2 Earnings Presentation
2023 Q2 EARNINGS PRESENTATION August 31, 2023
Slide 2: 2023 Q2 Business Highlights
Part 1 2023 Q2 Business Highlights
Slide 3: Impressive Overseas Business Transactions Growth
Impressive Overseas Business Transactions Growth • Overseas contract value was at 21% of total contract value. This number has grown 3 times between the quarters showing great momentum • Overseas email and SMS request volumes have recorded 19% and 90% growth sequentially • The total overseas email r
Slide 4: EngageLab is Serving Global Customers
EngageLab is Serving Global Customers • EngageLab – our world- leading customer engagement platform • We now have customers subscribing to our product from all corners of the world • This is a great testament of our superior products catering customers of all sizes and of different needs 4
Slide 5: 2023 Q2 Financial Highlights
Part 2 2023 Q2 Financial Highlights
Slide 6: Group Revenues - Defined
Group Revenues - Defined Developer Services Vertical Applications • Subscription • Market Intelligence • Value-Added Services • Financial Risk Management 6
Slide 7: Total Group Revenue Increased by 12% QoQ
Total Group Revenue Increased by 12% QoQ RMB (‘Million) 86.9 Revenue increased by a 12% QoQ 80.4 76.1 driven by improvement in all 73.3 23.7 business lines: 23.4 65.5 20.9 21.3 • Developer Services grew by 15% QoQ 20.0 • Vertical Applications grew by 6% QoQ In Q2’23, total revenue increased 63.2 55.
Slide 8: Developer Service Revenue Increased by 15% QoQ
Developer Service Revenue Increased by 15% QoQ RMB (‘Million) 63.2 57.0 55.2 16.9 52.0 • Subscription revenue: 15.3 45.5 - Increased by 8% QoQ mainly driven by 16.9 11.5 solid customer growth and improvement 8.0 in ARPU 46.3 • Value-Added-Services revenue: 41.7 40.5 38.3 37.5 - Increased by 45% QoQ
Slide 9: Vertical Application Revenue Achieved YoY and QoQ Growth!
Vertical Application Revenue Achieved YoY and QoQ Growth! RMB (‘Million) 23.4 23.7 • Include revenues from: 21.3 a) Market Intelligence 20.9 20.0 b) Financial Risk Management • Revenue increased by 2% YoY and 6% QoQ due to improvement in ARPU • It is an encouraging sign we have seen for Financial Ri
Slide 10: Adjusted EBITDA Narrowed by 42% YoY and 38% QoQ
Adjusted EBITDA Narrowed by 42% YoY and 38% QoQ RMB (‘Million) • Adjusted EBITDA in Q2’23 2Q22 1Q23 2Q23 narrowed down by 42% YoY and 38% QoQ to negative RMB4.6M • YoY and QoQ improvement mainly due to we continuously (4.6) to tightly monitor and control the spending of expenses (7.5) • Management c
Slide 11: Gross Profits Recorded Improvement Sequentially
Gross Profits Recorded Improvement Sequentially RMB (‘Million) • Gross profits increased by 4% 59.8 QoQ to RMB47.7M 53.5 54.0 47.7 46.0 • The gross profits improved QoQ due to the revenue growth recorded between the quarters 70.2% 68.8% 70.3% 67.2% 65.1% • However, the gross margin reduced YoY and Q
Slide 12: Operating Expenses At Lowest Level since IPO
Operating Expenses At Lowest Level since IPO RMB (‘Million) • For the seventh consecutive quarters, our OPEX are well below the RMB100M mark 95.4 87.7 • In Q2’23, OPEX decreased both YoY 80.0 and QoQ 35.0 35.0 40.8 64.9 64.1 38.3 • Operating expenses decreased by 27%YoY due to： 24.5 31.7 30.2 - YOY
Slide 13: Lowest Adjusted Operating Expense since IPO!
Lowest Adjusted Operating Expense since IPO ! RMB (‘Million) • Q2’23 adjusted operating expense (which represents the cash component 88.9 88.4 of operating expense ) at a historically 77.8 77.8 low balance at RMB54.6M 72.5 66.9 62.8 57.4 54.6 • Adjusted operating expenses decreased by 25%YoY and 5%
Slide 14: Deferred Revenue Over RMB130M for Consecutive Quarters
Deferred Revenue Over RMB130M for 6 Consecutive Quarters RMB (‘Million) • Deferred Revenue increased and achieved 6th consecutive 142.4 139.1 quarter of > RMB130M 137.7 137.3 133.8 133.3 • The excellent trend of deferred revenue balance represents： - Healthy cash flow and recurring revenue business
Slide 15: Balance Sheet Staying Healthy as of 06/30/2023
Balance Sheet Staying Healthy as of 06/30/2023 Cash and cash equivalents and restricted 01 cash of: • Healthy level of cash to support business growth RMB 81M as of 06/30/2023 02 Deferred Revenue balance at high level: 02 • 6th consecutive quarter of > RMB130M • Indication of strong SAAS Businesses
Slide 16: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures I n e v a l u a t i n g t h e b u s i n e s s , Aurora Mobile Limited, Company believes that adjusted net loss and adjusted EBITDA (“Aurora”, ”The Company”) considers and uses three non- provide useful information about its operating results, enhance GAAP measures,
Slide 17: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying oral presentation employees to third parties. Statements that are not historical have been prepared by Aurora Mobile Limited, (“Aurora”) for facts, including but not limited to statements about Aurora informational purposes only and not fo
Slide 18: THANKS
THANKS