Magnite, Inc. · NASDAQ:MGNI

Magnite — Q3 2020 Earnings Presentation

9 slides from Magnite's earnings presentation, Nov 9, 2020

  1. Slide 1: Financial Highlights Q3 2020

    Financial Highlights Q3 2020 November 9, 2020 CONFIDENTIAL | © MAGNITE

  2. Slide 2: Safe Harbor

    Safe Harbor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to ou

  3. Slide 3: Q3 Highlights & Q4 Trends

    Q3 Highlights & Q4 Trends ➔ Revenue grew 12% year over year in Q3 2020 to $61.0 million on a pro forma basis ➔ CTV revenue grew 51% year over year in Q3 2020 to $11.1 million on a pro forma basis ➔ Expect strong CTV growth in Q4 2020 ➔ Adjusted EBITDA was $13.7 million with a 23% margin in Q3 2020 ➔

  4. Slide 4: Q3 2020 Summary

    Q3 2020 Summary Financial Measures ($MM except per share data) Three Months Ended 9/30/2020 9/30/2019 Change Fav / (Unfav) Revenue $61.0 $37.6 62% Net income (loss) ($10.5) ($6.2) (69%) Adjusted EBITDA(1) $13.7 $6.1 125% (3) Adjusted EBITDA margin 23% 16% 7 ppt Adjusted EBITDA operating expenses(2)

  5. Slide 5: Cash Flow and Balance Sheet Highlights

    Cash Flow and Balance Sheet Highlights Adjusted Cash Flow Highlights ($MM) Balance Sheet Highlights ($MM) Q3 2020 Q3 2019 Sept 30, June 30, 2020 2020 Adjusted EBITDA $13.7 $6.1 Cash & equivalents $103.8 $107.5 Less capital expenditures (5.3) (7.1) Marketable securities — — Cash flow $8.4 ($1.0) (excl

  6. Slide 6: Amortization Schedule

    Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2020 $7.8 2021 30.8 2022 26.1 2023 13.9 2024 13.7 Thereafter 4.8 TOTAL Remaining Amortization of Acquired Intangibles $97.1 Note: Amounts may not foot due to rounding. CONFIDENTIAL | © MAGNITE

  7. Slide 7: Reconciliations of Net Loss to Adjusted EBITDA

    Reconciliations of Net Loss to Adjusted EBITDA Reconciliation of Net Loss to Adjusted EBITDA ($MM) Q3 2020 Q3 2019 Net loss ($10.5) ($6.2) Add back (deduct): Depreciation and amortization, excluding amortization of 6.3 7.3 acquired intangible assets Amortization of acquired intangibles 7.8 0.7 Stock

  8. Slide 8: Reconciliations of Net Loss to Non-GAAP Net Loss

    Reconciliations of Net Loss to Non-GAAP Net Loss Reconciliation of Net Loss to Non-GAAP Income (Loss) ($MM, except share figures) Q3 2020 Q3 2019 Net loss ($10.5) ($6.2) Add back (deduct): Acquisition and related items, including 9.7 0.7 amortization of acquired intangibles Stock-based compensation e

  9. Slide 9: Revenue Split by Channel & Geography

    Revenue Split by Channel & Geography Revenue Split by Channel Q3 2020 Q3 2019 Financial Measure: ($MM) CTV Mobile Desktop Total CTV Mobile Desktop Total GAAP Revenue $11.1 $29.0 $20.9 $61.0 - $21.7 $15.9 $37.6 Percent of Revenue 18% 48% 34% 58% 42% Revenue Split by Geography Q3 2020 Q3 2019 Financia

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