Aurora Mobile Ltd. · NASDAQ:JG
Aurora Mobile — Q2 2024 Earnings Presentation
22 slides from Aurora Mobile's earnings presentation, Aug 29, 2024
Slide 1: 2024 Q2 Earnings Presentation
2024 Q2 EARNINGS PRESENTATION August 29, 2024
Slide 2: Part 1: 2024 Q2 Business Highlights
Part 1 2024 Q2 Business Highlights
Slide 3: EngageLab – Worldwide Expansion!
EngageLab – Worldwide Expansion! • Our EngageLab products are sold to customers originating from more than 29 countries and regions globally; increased by 7 countries in Q2 of 2024 • Our customers are from various industries, including tech, Internet, smartphone, video, media, auto, finance, healthc
Slide 4: EngageLab – Great Growth Momentum!
EngageLab – Great Growth Momentum! Customer Numbers 390 Customer Numbers 223 170 • The global customer numbers of EngageLab continues to grow. For this quarter, it grew by 100 75% sequentially Q3'23 Q4'23 Q1'24 Q2'24 Contract Value (Cumulative) 31 Contract Value (Cumulative) 24 • Total cumulative si
Slide 5: EngageLab – Global Email Services
EngageLab – Global Email Services • The demand for EngageLab’s email service has been encouraging. For the quarter ended 6/30/2024, the number of international email delivered was 4.5 times of domestic emails. • We believed we are providing an excellent & stable email delivery service that catering
Slide 6: Making Our Presence in Regional Expos
Making Our Presence in Regional Expos We were invited to and participated in the following events / expos / exhibitions to showcase our products and services to potential customers from around the globe: 1. PAGC Conference 2. Asia Tech x Singapore 3. Global Traffic Conference 4. Smart China Expo 5.
Slide 7: Part 2: 2024 Q2 Financial Highlights
Part 2 2024 Q2 Financial Highlights
Slide 8: Group Revenues - Defined
Group Revenues - Defined Developer Services Vertical Applications • Subscription • Market Intelligence • Value-Added Services • Financial Risk Management 8
Slide 9: Financial Highlights for Aurora Mobile Core Business and Revenues
Financial Highlights for Aurora Mobile Core Business and Revenues Great Financial Results with Growth • EngageLab continued to be the pillar of • 4 consecutive quarters of Positive growth where Adjusted EBITDA! • Customer number grew 75%++ • Contract value grew 27%++ • Total revenue were on great mo
Slide 10: Total Revenue increased QoQ and YoY
Total Revenue increased QoQ and YoY RMB (‘Million) 79.4 77.4 73.3 74.1 23.0 22.5 23.7 21.8 64.5 • Total revenue at RMB 79.4M increased 21.3 23.4 by 23% QoQ and 8% YoY 20.9 19.8 21.3 20.0 • In Q2’24, total revenue increased 23% QoQ mainly due to: 57.0 63.2 55.6 56.4 52.0 51.6 55.2 44.7 52.0 • Develop
Slide 11: Developer Service Subscription Revenue Increased 19% YoY
Developer Service Subscription Revenue Increased 19% YoY • Subscription revenue: - Increased 14% QoQ and 19% YoY 55.6 56.4 52.0 51.6 mainly driven by improvement in ARPU 6.8 8.3 due to completion of large-sized private 4.9 11.5 44.7 deployment projects 16.9 2.411.5 8.0 • Value-Added-Services revenue
Slide 12: Vertical Application Revenue increased QoQ and YoY
Vertical Application Revenue increased QoQ and YoY • Include revenues from: a) Market Intelligence 23.0 22.5 b) Financial Risk Management 21.8 21.3 19.8 • Revenue increased by 8% YoY and 16% QoQ due to improvement in ARPU • Another quarter witnessed the steady growth momentum of the Financial Risk M
Slide 13: POSITIVE Adjusted EBITDA for 4 Consecutive Quarters!
POSITIVE Adjusted EBITDA for 4 Consecutive Quarters! Adjusted EBITDA • We made in 4 in a row! • Our Adjusted EBITDA turned positive + + + + for four consecutive quarters! • This was mainly due to the hard work we put in to grow the revenue while maintaining low level of OPEX Q3’23 Q4’23 Q1’24 Q2’24
Slide 14: Gross Profits Grew YoY and QoQ
Gross Profits Grew YoY and QoQ 120.00% • Gross profits increased by 14% QoQ and 11% YoY to RMB52.8M 53.3 52.8 52.3 100.00% 47.7 46.4 • The gross profits improvement was 80.00% 70.6% 71.9% due to the revenue growth we have 68.8% 65.1% 66.4% achieved through expanding the 60.00% EngageLab business glo
Slide 15: Operating Expenses still At Low Level
Operating Expenses still At Low Level • For the eleventh consecutive quarters, our OPEX are well below the RMB100M mark! 64.1 60.0 61.3 53.0 54.8 30.2 32.8 27.1 • Operating expenses decreased by 22.7 23.7 15% YoY and increased by 3% QoQ 20.0 22.1 17.4 20.5 21.8 13.9 12.1 12.9 10.6 5.4 Q2'23 Q3'23 Q4
Slide 16: Adjusted Operating Expense at Low Level
Adjusted Operating Expense at Low Level • Q2’24 adjusted operating expense (which represents the cash component 77.8 of operating expense ) at RMB51.5M 72.5 66.9 62.8 57.4 54.6 53.7 54.7 51.5 • Adjusted operating expenses 49.1 remained at low level which represents Group is diligent in cash usage to
Slide 17: Net Loss – At Historical Low!
Net Loss – At Historical Low ! Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 0 • The net loss in Q2 of 2024 was at the historical low level since IPO (in -10 2018) • Net loss narrowed by 95% YoY and -20 50% QoQ • Overall net loss has been trending well -30 (narrowing) showi
Slide 18: Deferred Revenue Over RMB100M for 17th Consecutive Quarters
Deferred Revenue Over RMB100M for 17th Consecutive Quarters • Deferred Revenue balance continued to increase and achieved 17th consecutive quarter of 142.4 137.3 141.5 balance greater than RMB100M 133.8 135.2 135.1 130.6 • The excellent trend of deferred revenue balance represents we are continuing
Slide 19: Balance Sheet at Healthy Level as of 6/30/2024
Balance Sheet at Healthy Level as of 6/30/2024 Cash and cash equivalents, restricted cash and 1 short-term investments of: • A robust cash position to bolster business expansion RMB 92.7M as of 6/30/2024 Deferred Revenue balance at high level: 2 • 17th consecutive quarter of > RMB100M • Strong SAAS
Slide 20: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures In evaluating the business, Aurora Mobile Limited, The Company believes that adjusted net loss and adjusted (“Aurora”, ”The Company”) considers and uses two non-GAAP EBITDA provide useful information about its operating results, measures, adjusted net loss and adju
Slide 21: 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 22: THANKS
THANKS