Slide 1: Q2 2023 Earnings
Q2 2023 Earnings August 7, 2023 1 © 2023 Adeia | All rights reserved.
Slide 2: Safe Harbor
Safe Harbor This presentation contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on in
Slide 3: Q2 2023 Highlights
Q2 2023 Closed 9 deals including 7 renewals, 1 new license agreement in our media business and 1 semiconductor deal Highlights Deals closed across a diverse group of pay-TV, OTT, consumer electronics and semiconductor customers in both domestic and international markets Revenue of $83.2 million, adj
Slide 4: Deal Momentum
Deal Cox Communications, a leading provider of broadband and pay-TV services in the U.S., signed a long-term extension of its license Momentum agreement for access to our media portfolio DAZN, a leading OTT provider of global sports programming, signed a new multi-year license agreement for access t
Slide 5: Sustainable Innovation
Sustainable Innovation Our commitment to innovation drives renewals and new deals Identify Emerging Strategically Invest in R&D Trends and Portfolio Development Attract New Customers Create Value for that Can Use Our Inventions Existing Customers to Differentiate 5 © 2023 Adeia | All rights reserved
Slide 6: Measures of Success
Increase Long-Term Baseline Revenue Continue to execute renewals and new customer agreements Measures that will increase our annual baseline revenue over the long-term of Success IP Portfolio Generation Increase patent portfolio 10% year over year with increased internal R&D and strategic acquisitio
Slide 7: Q2 and First Half 2023 Results
Q2 and First Half 2023 Results Q2 ‘23 Q2 ‘23 1H ‘23 1H ‘23 Category (in millions) GAAP NON-GAAP GAAP NON-GAAP Revenue $83.2 $83.2 $200.5 $200.5 Operating expenses $65.5 $31.9 $127.7 $63.8 Interest expense $15.5 $15.5 $31.4 $31.4 Other income, net $1.6 $1.6 $3.2 $2.9 Income tax expense $2.4 $8.6 $14.
Slide 8: FY 2023 Outlook
FY 2023 Outlook Category (in millions, except tax rate) FY ’23 GAAP Outlook FY ’23 Non-GAAP Outlook Revenue $385.0 – 415.0 $385.0 – 415.0 Operating expenses $253.0 – 267.0 $135.0 – 145.0 Interest expense $64.0 – 67.0 $64.0 – 67.0 Other income (expense) $2.5 - 3.0 $2.5 - 3.0 Tax rate 20% - 35% 23% Ne
Slide 9: Value Proposition
Value Proposition Foundation Driven by Ongoing Innovation and Focused Capital Strong Portfolios and Capitalization of Market Allocation to Maximize Technology Offerings Trends Drive Growth Shareholder Value 10,000+ patent assets provide Ongoing innovations drive growth Focused investments in innovat
Slide 10: Question & Answer
Question & Answer 10 © 2023 Adeia | All rights reserved.
Slide 11: Thank you!
Thank you! 11 © 2023 Adeia | All rights reserved.