Slide 1: eBay Inc.
eBay Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other than the Registrant) Payment of Filing Fee (Check the appropriate box): þ No fee required. o Fee paid previously with preliminary materials. o Fee computed on table in exhibit required by I
Slide 2: 2024 Investor Presentation June 2024
2024 Investor Presentation June 2024
Slide 3: Disclosures
Disclosures © 2024 eBay. All rights reserved. Confidential and proprietary. This presentation contains non-GAAP measures relating to our performance. You can find the reconciliation of these measures, except for FX-Neutral (“FXN”) basis, to the nearest comparable GAAP measures in the appendix at the
Slide 4: Table of Contents
Table of Contents © 2024 eBay. All rights reserved. Confidential and proprietary. Business, Strategy and Capital Allocation Our Purpose & Strategy Our Scale & Market Opportunity Recent Performance Capital Allocation Board and Corporate Governance Practices Board Composition, Tenure and Refreshment A
Slide 5: Business, Strategy & Capital Allocation
Business, Strategy & Capital Allocation
Slide 6: Our Purpose & Strategy
Our Purpose & Strategy We Connect People & Build Communities to Create Economic Opportunity for All Our unique scale, relentless focus on supporting the environment and the communities that we serve, and long track record of success make eBay one of the world’s most trusted and sustainable marketpla
Slide 7: Our Scale & Market Opportunity
Our Scale & Market Opportunity eBay Key Metrics as of FY’23 Note: Active Buyers & Enthusiasts are trailing 12 - month measures as of 12/31/23 , Listings is as of 12/31/23 ; all other figures are FY’23 annuals. TAM estimates are based on 2021 estimates and include Top 3 markets (US, UK, DE). Non - NI
Slide 8: Recent Performance
Recent Performance GMV ( $ B) & Y/Y Growth (FXN ) Revenue ($B) & Y/Y Growth (FXN) In Q1’24, GMV, Revenue, and Non - GAAP EPS came in ahead of our respective guidance ranges . GMV was roughly flat Y/Y on an FXN basis, as macro headwinds were offset by strategic execution. Revenue grew +2% Y/Y FXN, pr
Slide 9: Thoughtful Capital Allocation
Thoughtful Capital Allocation Our balanced approach to capital allocation enables us to invest in strategic initiatives and deliver significant returns to stockholders. 5.0 5.1 7.0 3.1 1.4 0.5 0.5 0.4 0.5 0.5 0.5 0.1 2019 2020 2021 2022 2023 Q1 2024 Shares Repurchased Dividends Capital Allocation Te
Slide 10: Board & Corporate Governance Practices
Board & Corporate Governance Practices © 2024 eBay. All rights reserved. Confidential and proprietary.
Slide 11: Highly Qualified & Independent Board of Directors
Highly Qualified & Independent Board of Directors Director Experience & Skill Sets Board Refreshment Process • The Board regularly reviews the skills, professional experience, background, age, and diversity of its members to ensure the Board is positioned to provide effective oversight of the Compan
Slide 12: Experienced Board Nominees with Robust Leadership
Experienced Board Nominees with Robust Leadership Adriane Brown Managing Partner, Flying Fish Partners Director Since 2017 Chair Comp. & HC Committee E. Carol Hayles Former CFO, CIT Group Inc. Director Since 2020 Chair Audit Committee Mohak Shroff Head of Engineering, LinkedIn Director Since 2020 Pa
Slide 13: Board Succession, Refreshment and Diversity
Board Succession, Refreshment and Diversity • Zane Rowe joined the Board in February 2024, bringing skills and expertise complementary to eBay’s strategic vision, with his extensive experience in corporate finance, investor relations, and strategy. • Two of four committees are chaired by women: Adri
Slide 14: Active Risk Oversight
Active Risk Oversight Management is responsible for the day - to - day management of the risks that we face, while the Board, as a whole and through its committees, has responsibility for the oversight of risk management. • Responsible for the risk management framework and ensuring the supporting pr
Slide 15: Stockholder Engagement and Commitment to Governance
Separate Chair and CEO roles Independent Chair with robust responsibilities Simple majority vote standard for bylaw/charter amendments and transactions Clawback policy Stock ownership requirements for our executive officers and directors Anti - hedging and anti - pledging policies Strong Board indep
Slide 16: Executive Compensation
Executive Compensation © 2024 eBay. All rights reserved. Confidential and proprietary.
Slide 17: Compensation Program Aligned with Business Goals & Culture
Compensation Program Aligned with Business Goals & Culture Our compensation program is heavily performance and equity - based and aligns management with stockholders. *Performance - based restricted stock unit awards (PBRSUs) and performance - based stock option awards (PBSOs) Limited perquisites to
Slide 18: Performance-Based Compensation Program Drives Long-Term Stockholder Returns
Performance - Based Compensation Program Drives Long - Term Stockholder Returns Rigorous Goal and Target Setting Process • In the first quarter of the year, the Compensation and Human Capital Committee approves Company performance measures based on business criteria and target levels of performance
Slide 19: Performance-Based Compensation Program Drives Long-Term Stockholder Returns
Performance - Based Compensation Program Drives Long - Term Stockholder Returns Base Salary Long - term Equity Incentives PBSOs (20%) PBRSUs (40%) RSUs (40%) Reflects the scope of executives’ roles and responsibilities and compensates for expected day - to - day performance Aligns executive compensa
Slide 20: Annual & Long-Term Plan Metrics Correlated to Sustained Performance
Annual & Long - Term Plan Metrics Correlated to Sustained Performance and Support our Long - Term Strategy Annual cash incentive, PBRSU and PBSO awards are determined based on metrics that correlate with financial performance over one and multi - year performance periods PBSOs PBRSUs Annual Cash Inc
Slide 21: Human Capital, Diversity, Equity & Inclusion & Impact
Human Capital Diversity, Equity & Inclusion & Impact © 2024 eBay. All rights reserved. Confidential and proprietary.
Slide 22: Focus on Workforce Culture Includes Board Oversight
Focus on Workforce Culture Includes Board Oversight Culture & Employee Engagement CEO, Management, and the Board are intently focused on building a culture of leadership, development, and excellence at eBay. • eBay’s practice of CEO and senior leader engagement with employees continues, with frequen
Slide 23: Diversity, Equity & Inclusion is Strategic and Comprehensive
Diversity, Equity & Inclusion is Strategic and Comprehensive Be for Everyone We remain committed to becoming a richly diverse, truly equitable, and fearlessly inclusive place to work, grow, buy, and sel l. • Published our eighth Global Diversity, Equity & Inclusion report. As of December 31, 2023, w
Slide 24: Impact Update
Impact Update • Guided by the Chief Sustainability Officer and eBay’s Impact team, ESG is integrated into our business, with oversight from t he Corporate Governance and Nominating Committee of the Board. • The Impact team works across the organization to help our business groups and functions prior
Slide 25: Impact Update
Impact Update Sustainable Commerce Trusted Marketplace blocked or removed item listings prohibited under our Animal and Wildlife Products Policy active intellectual property rights owners registered through eBay’s Verified Rights Owner Program Culture & Workforce Our Responsible AI principles of Acc
Slide 26: Appendix
Appendix © 2024 eBay. All rights reserved. Confidential and proprietary.
Slide 27: Reconciliation of FY 2023 Non-GAAP Operating Margin
Reconciliation of FY 2023 Non - GAAP Operating Margin
Slide 28: Reconciliation of FY 2023 Non-GAAP Net Income / EPS
Reconciliation of FY 2023 Non - GAAP Net Income / EPS
Slide 29: Reconciliation of Q1 2024 Non-GAAP Operating Margin
Reconciliation of Q1 2024 Non - GAAP Operating Margin
Slide 30: Quarterly Reconciliation of Non-GAAP Net Income / EPS
Quarterly Reconciliation of Non - GAAP Net Income / EPS
Slide 31: Quarterly Reconciliation of Organic FX-Neutral Revenue
Quarterly Reconciliation of Organic FX - Neutral Revenue
Slide 32: Slide 32