Acacia Research Corporation · NASDAQ:ACTG
Acacia Research — Q3 2024 Earnings Presentation
14 slides from Acacia Research's earnings presentation, Nov 12, 2024
Slide 1: Q3 2024 Earnings Presentation
Q3 2024 Earnings Presentation As of September 30, 2024 | 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 | September 30, 2024 Reported Book Value (“BV”) $578.6 Acacia (NASDAQ: ACTG) is a value-oriented acquirer of businesses across public and private markets. We Common Shares 98.8 acquire businesses where we can tap into our deep Book Value Per Share (
Slide 4: Key Performance Metrics | Consolidated
Key Performance Metrics | Consolidated Acacia seeks to generate consistent growth in book value per share, revenue, Adjusted EBITDA, and cash flow Book Value Per Share Revenue $5.95 (1) $6.07 (1) $6.00 (1) $92.3 $5.90 $5.89 $5.95 $5.85 (1) (1) $5.10 $5.03 $5.04 $24.3 $25.8 $23.3 $14.8 $10.1 $7.9 Q1'
Slide 5: Key Performance Metrics | Adjusted EBITDA
Key Performance Metrics | Adjusted EBITDA Acacia seeks to generate consistent growth in Adjusted EBITDA Total Company Adjusted EBITDA (1) $62.6 $6.3 $4.1 $1.7 ($3.6) ($6.8) ($5.2) Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Operated Segment Adjusted EBITDA (Including IP) (2) Operated Segment Adjusted
Slide 6: Acacia Segment Performance
Acacia Segment Performance Segment Revenue Adjusted EBITDA (1) Post acquisition Partial impact $15.8 Post acquisition Partial impact $14.2 $8.4 period 11/13/2023 from acquisition period 11/13/2023 from acquisition $7.0 – 12/31/2023 on April 17, 2024 – 12/31/2023 on April 17, 2024 $1.9 $1.4 $0.8 $0.6
Slide 7: Financial Performance | Q3 2024 vs. Q3 2023
Financial Performance | Q3 2024 vs. Q3 2023 Significant YoY change in revenue and Adjusted EBITDA during Q3 2024 Three Months Ended September 30, 2024 2023 Energy Operations $15.8 -- Industrial Operations 7.0 8.3 Intellectual Property Operations 0.5 1.8 Total Revenues $23.3 $10.1 GAAP Operating Inco
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 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 10: Reconciliation of GAAP to Non-GAAP | Acacia Consolidated
Reconciliation of GAAP to Non-GAAP | Acacia Consolidated Three Months Ended Three Months Ended September 30, December 31, March 31, June 30, September 30, LTM Q3 Adjusted Net Income / (Loss) 2024 2023 2023 2024 2024 2024 2024 GAAP Net Income / (Loss) ($14.0) $1.6 $74.8 ($0.2) ($8.4) ($14.0) $52.1 Le
Slide 11: Total Company Adjusted EBITDA
Total Company Adjusted EBITDA Three Months Three Months Three Months Nine Months Ended Ended Ended Ended March 31, June 30, September 30, September 30, Adjusted EBITDA 2024 2024 2024 2024 GAAP Net (Income) / Loss ($0.2) ($8.4) ($14.0) ($22.6) Net (Income) / Loss Attributable to Noncontrolling Intere
Slide 12: Operated Segment Adjusted EBITDA
Operated Segment Adjusted EBITDA Three Three Three Nine LTM Months Ended Months Ended Months Ended Months Ended Period Ended March 31 June 30 September 30 September 30 September 30 2024 2024 2024 2024 2024 Energy Operations Adjusted EBITDA $1.4 $7.0 $8.4 $16.9 $17.4 Industrial Operations Adjusted EB
Slide 13: Total Company Adjusted EBITDA
Total Company Adjusted EBITDA Three Months Ended March 31, 2024 Three Months Ended June 30, 2024 Intellectual Intellectual Energy Industrial Property Parent Consolidated Energy Industrial Property Parent Consolidated Operations Operations Operations Costs Total Operations Operations Operations Costs
Slide 14: 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