Slide 1: Blucora, Inc. Q2 2012 Earnings Supplemental Information
Exhibit 99.2 Blucora, Inc. Q2 2012 Earnings Supplemental Information Table of Contents Financial Information Summary - Consolidated Financial Results 2 Reconciliation of Non-GAAP Financial Measures 4 Operating Metrics Search 5 Tax Preparation 6 Pro-Forma Information Q2 year-over-year Tax Preparation
Slide 2: Blucora Consolidated Financial Results
Blucora Consolidated Financial Results (in thousands except earnings per share, rounding differences may exist) 2010 2011 2012 FYE 12/31 1Q11 2Q11 3Q11 4Q11 FYE 12/31 1Q12 2Q12 Segment Revenue Search $ 214,343 $ 51,650 $ 54,292 $ 56,257 $ 66,615 $ 228,814 $ 75,294 $ 81,808 Tax Preparation (1) $ 0 $
Slide 3: Notes to Consolidated Financial Results
Notes to Consolidated Financial Results (1) On January 31, 2012, the Company acquired TaxACT Holdings, Inc. and its wholly-owned subsidiary, 2nd Story Software, Inc., which operates the TaxACT tax preparation software and online service and software business. The TaxACT business consists of an onlin
Slide 4: Non-GAAP Reconciliation
Blucora Non-GAAP Reconciliation (1) (in thousands except earnings per share, rounding differences may exist) 2010 2011 2012 FYE 12/31 1Q11 2Q11 3Q11 4Q11 FYE 12/31 1Q12 2Q12 Adjusted EBITDA Net Income (2) $ 4,678 $ 1,323 $ (4,678) $ 2,076 $ 22,875 $ 21,596 $11,406 $ 9,698 Discontinued operations 4,5
Slide 5: Operating Metrics - Search
Blucora Operating Metrics - Search 2010 2011 2012 FYE 12/31 1Q11 2Q11 3Q11 4Q11 FYE 12/31 1Q12 2Q12 Revenue by Source Owned & Operated (B2C) 31% 27% 22% 19% 16% 21% 13% 12% Distribution (B2B) 69% 73% 78% 81% 84% 79% 87% 88% * Owned & Operated includes revenue from the Make The Web Better acquisition
Slide 6: Operating Metrics - Tax Preparation
Blucora Operating Metrics - Tax Preparation (in thousands, rounding differences may exist) 2011 Season through: 2012 Season through: % Change Year over Year 4/19/11 6/30/11 4/18/12 6/30/12 4/18/12 6/30/12 Consumer (DDIY) e-files 4,654 4,734 5,025 5,120 8% 8% 6
Slide 7: Tax Preparation Segment - Pro Forma 2Q Year-over-Year Results
Tax Preparation Segment - Pro Forma 2Q Year-over-Year Results (in thousands, rounding differences may exist) Three Months Ended Six Months Ended (a) (c) 2Q12 2Q11 Growth 2Q12 2Q11 Growth Pro Forma Revenue $19,810 $ 17,815 11% $81,754 $ 74,573 10% Pro Forma Segment Income $12,782 $ 10,556 (b) 21% $43
Slide 8: Pro Forma - Consolidated Financial Performance
Pro Forma - Consolidated Financial Performance twelve months ending 6/30/2012 (in thousands, rounding differences may exist) (a) Tax Preparation Search Corporate Consolidated Revenue $ 85,963 $279,974 $ — $ 365,937 Segment income $ 41,790 (b) $ 52,028 $ — $ 93,818 Unallocated Corporate expenses $ —
Slide 9: Pro-Forma Free Cash Flow ("FCF")
Pro-Forma Free Cash Flow (“FCF”) twelve months ending 6/30/2012 (in thousands, rounding differences may exist) Pro Forma Adjusted EBITDA $82,576 Less - Pro Forma Capital Expenditures $ (1,100) Less - Pro Forma Cash Taxes $ (1,400) Unlevered FCF $80,076 Less - Pro Forma Cash Interest Expense $ (4,600
Slide 10: Pro Forma Non-GAAP Reconciliation
Blucora Pro Forma Non-GAAP Reconciliation twelve months ending 6/30/2012 (in thousands except rates, rounding differences may exist) Pro Forma Adjusted EBITDA Pro forma income from continuing operations $22,270 Pro forma depreciation 4,370 Pro forma amortization of intangible assets 21,476 Pro forma