Ziff Davis, Inc. · NASDAQ:ZD

Ziff Davis — j2 Global — Q1 2018 Earnings Presentation

22 slides from Ziff Davis's earnings presentation, May 8, 2018

  1. Slide 1: First Quarter 2018 Results

    FIRST QUARTER 2018 RESULTSMay 8, 2018

  2. Slide 2: Safe Harbor for Forward-Looking Statements

    Safe Harbor for Forward-Looking Statements 2 Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, particularly those regarding our 2018 Financial Guidance. Such forward-looking statements are subject to n

  3. Slide 3: Risk Factors

    Risk Factors 3 Inability to sustain growth or profitability, particularly in light of an uncertain U.S. and worldwide economy and the related impact on customer acquisition, retention and usage levels, advertising spend and credit and debit card payment declinesReduced use of fax services due to inc

  4. Slide 4: Diversified Internet Portfolio Drives Strong 1Q Results

    Diversified Internet Portfolio Drives Strong 1Q Results 4

  5. Slide 5: Q1 Consolidated Financial Snapshot

    5 Q1 Consolidated Financial Snapshot(1) See slides 16-21 for a GAAP reconciliation of adjusted non-GAAP gross profit, adjusted EBITDA and adjusted earnings per diluted share for the Company as a whole and by segment.

  6. Slide 6: 1Q18 Adjusted EBITDA Margin Impact vs. Prior Year

    6 1Q18 Adjusted EBITDA Margin Impact vs. Prior Year(1) See slides 16-21 for a GAAP reconciliation of adjusted EBITDA for the Company as a whole and by segment.

  7. Slide 7: Deeper Dive into FCF

    7 Deeper Dive into FCF(1) See slide 18 for a GAAP reconciliation of Free Cash flow

  8. Slide 8: Steady Subscription Revenue Build

    8 Steady Subscription Revenue Build

  9. Slide 9: Q1 Financial Snapshot By Business Segments

    9 Q1 Financial Snapshot By Business Segments(1) See slides 16-21 for a GAAP reconciliation of adjusted EBITDA for the Company as a whole and by segment. Includes ($1.0MM) net reclass from j2 Inc. Includes ($1.3MM) reclass from j2 Inc.

  10. Slide 10: Financial Summary 1Q18

    10 Financial Summary 1Q18(1) See slides 16-21 for a GAAP reconciliation of adjusted non-GAAP gross profit, adjusted EBITDA, adjusted EPS for the Company as a whole and by segment.

  11. Slide 11: 2018 Financial Guidance

    2018FINANCIAL GUIDANCE

  12. Slide 12: Reconfirming 2018 Guidance

    12 Reconfirming 2018 Guidance (Forward-Looking Statements) Figures are adjusted Non-GAAP.Adjusted earnings per diluted share excludes share-based compensation, amortization of acquired intangibles and the impact of any currently anticipated items, in each case net of tax. Revenues $1,200MM - $1,250

  13. Slide 13: Supplemental Information

    — SUPPLEMENTAL INFORMATION

  14. Slide 14: Consolidated Metrics

    Consolidated Metrics 14 See slide 16-17 for a reconciliation of Non-GAAP earnings and EPS to GAAP net income and diluted GAAP EPSSee slide 18 for a definition of Free Cash Flow and reconciliation to net cash provided by operating activitiesSee slide 19 for a definition of adjusted EBITDA and reconci

  15. Slide 15: Cloud Services & Digital Media Metrics

    Cloud Services & Digital Media Metrics 15 Cloud Services revenue includes IP Licensing revenueCloud Services Customers are defined as paying DIDs for Fax & Voice services and direct and resellers’ accounts for other servicesQuarterly ARPU is calculated using our standard convention of applying the a

  16. Slide 16: Q1 2018 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS

    Q1 2018 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS 16 Adjusted Non-GAAP net income is not meant as a substitute for GAAP, and is defined as GAAP net income with the following modifications: 1) Elimination of shared-based compensation expense and associated payroll taxes 2) Eliminatio

  17. Slide 17: Q1 2018 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS Continued

    17 Adjusted Non-GAAP net income is not meant as a substitute for GAAP, and is defined as GAAP net income with the following modifications: 1) Elimination of shared-based compensation expense and associated payroll taxes 2) Elimination of certain acquisition-related integration costs 3) Elimination o

  18. Slide 18: GAAP Reconciliation Free Cash Flow

    GAAP Reconciliation Free Cash Flow(1) 18 Free Cash Flow is defined as net cash provided by operating activities, less purchases of property, plant and equipment, plus contingent consideration. Free Cash Flow amounts are not meant as a substitute for GAAP, but are solely for informational purposes ($

  19. Slide 19: GAAP Reconciliation Adjusted EBITDA

    GAAP Reconciliation Adjusted EBITDA(1) 19 Adjusted EBITDA is defined as net income plus interest and other expense, net; income tax expense; depreciation and amortization and the items used to reconcile GAAP to Adjusted Non-GAAP EPS. Adjusted EBITDA amounts are not meant as a substitute for GAAP, bu

  20. Slide 20: Q1 2018 Reconciliation of GAAP to Adjusted EBITDA

    Q1 2018 Reconciliation of GAAP to Adjusted EBITDA 20 ($ in thousands) Adjusted Non-GAAP net income is not meant as a substitute for GAAP, and is defined as GAAP net income with the following modifications: 1) Elimination of shared-based compensation expense and associated payroll taxes 2) Eliminatio

  21. Slide 21: Q1 2017 Reconciliation of GAAP to Adjusted EBITDA

    Q1 2017 Reconciliation of GAAP to Adjusted EBITDA 21 ($ in thousands) Adjusted Non-GAAP net income is not meant as a substitute for GAAP, and is defined as GAAP net income with the following modifications: 1) Elimination of shared-based compensation expense and associated payroll taxes 2) Eliminatio

  22. Slide 22: j2 Global

    j2 Global

j2 Global — Q1 2018 Earnings Presentation on 6ix