Ziff Davis, Inc. · NASDAQ:ZD
Ziff Davis — j2 Global — Q1 2018 Earnings Presentation
22 slides from Ziff Davis's earnings presentation, May 8, 2018
Slide 1: First Quarter 2018 Results
FIRST QUARTER 2018 RESULTSMay 8, 2018
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
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
Slide 4: Diversified Internet Portfolio Drives Strong 1Q Results
Diversified Internet Portfolio Drives Strong 1Q Results 4
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.
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.
Slide 7: Deeper Dive into FCF
7 Deeper Dive into FCF(1) See slide 18 for a GAAP reconciliation of Free Cash flow
Slide 8: Steady Subscription Revenue Build
8 Steady Subscription Revenue Build
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.
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.
Slide 11: 2018 Financial Guidance
2018FINANCIAL GUIDANCE
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 - $1,250
Slide 13: Supplemental Information
— SUPPLEMENTAL INFORMATION
Slide 14: Consolidated Metrics
Consolidated Metrics 14 See slide 16-17 for a reconciliation of Non-GAAP earnings and EPS to GAAP net income and diluted GAAP EPSSee slide 18 for a definition of Free Cash Flow and reconciliation to net cash provided by operating activitiesSee slide 19 for a definition of adjusted EBITDA and reconci
Slide 15: Cloud Services & Digital Media Metrics
Cloud Services & Digital Media Metrics 15 Cloud Services revenue includes IP Licensing revenueCloud Services Customers are defined as paying DIDs for Fax & Voice services and direct and resellers’ accounts for other servicesQuarterly ARPU is calculated using our standard convention of applying the a
Slide 16: Q1 2018 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS
Q1 2018 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS 16 Adjusted Non-GAAP net income is not meant as a substitute for GAAP, and is defined as GAAP net income with the following modifications: 1) Elimination of shared-based compensation expense and associated payroll taxes 2) Eliminatio
Slide 17: Q1 2018 Reconciliation of GAAP to Adjusted Non-GAAP Earnings & EPS Continued
17 Adjusted Non-GAAP net income is not meant as a substitute for GAAP, and is defined as GAAP net income with the following modifications: 1) Elimination of shared-based compensation expense and associated payroll taxes 2) Elimination of certain acquisition-related integration costs 3) Elimination o
Slide 18: GAAP Reconciliation Free Cash Flow
GAAP Reconciliation Free Cash Flow(1) 18 Free Cash Flow is defined as net cash provided by operating activities, less purchases of property, plant and equipment, plus contingent consideration. Free Cash Flow amounts are not meant as a substitute for GAAP, but are solely for informational purposes ($
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
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
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
Slide 22: j2 Global
j2 Global