Slide 1: Adobe's Acquisition of Figma
Adobe’s Acquisition of Figma September 15, 2022
Slide 2: Forward-Looking Statements Disclosures and Disclaimers
Forward-Looking Statements Disclosures and Disclaimers In addition to historical information, this presentation contains forward-looking statements within the meaning of applicable securities law, including statements regarding the expected timing, completion and effects of the proposed transaction,
Slide 3: Additional Disclaimers
Additional Disclaimers No Offer or Solicitation This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registrat
Slide 4: The Future of Creativity + Productivity
The convergence of productivity and creativity The Future of Creativity + Productivity
Slide 5: Figma at a glance
Founded in 2012 by CEO Dylan Field and Evan Wallace, headquartered in San Francisco ~850 employees Total addressable market of ~$16.5B by 2025 across design, whiteboarding and collaboration Pioneered first design tool built for the Web, combining powerful features with multiplayer functionality to m
Slide 6: Figma products
Figma products Figma FigJam All-in-one product design platform Online whiteboard for teams
Slide 7: Figma userbase extends across the product design process
Other Project Manager Marketer Designer Developer Figma userbase extends across the product design process
Slide 8: Devoted community of millions of designers and developers
Devoted community of millions of product designers, developers, students and knowledge workers around the globe
Slide 9: Adobe's Creative Cloud Strategy
Adobe’s Creative Cloud Strategy Empower the world with content-first, task-based creativity Advance every creative category across desktop, web & mobile Enable seamless collaboration across all stakeholders Democratize 3D & immersive content creation Inspire and empower the community through sharing
Slide 10: Reimagining the future of creativity and productivity
Adobe and Figma share a passion for helping individuals and teams be more creative and productive. Adobe and Figma now have a new opportunity to make content creation more efficient, collaborative and fun by bringing together Adobe Express, Acrobat and Figjam, an online whiteboarding solution for te
Slide 11: Accelerating creativity on the web
Accelerating creativity on the web As creativity becomes increasingly collaborative, the web makes it easier for teams to create together. Figma’s web-based, multi-player platform can accelerate the delivery of Adobe’s Creative Cloud technologies on the web, making the creative process accessible to
Slide 12: Advancing product design
Advancing product design Web and mobile applications are increasingly underpinning how we live and work. This is driving explosive growth in the product design category. The combination of Adobe and Figma will benefit all stakeholders in the product design process, from designers to product managers
Slide 13: Inspiring and empowering the designer and developer community
Throughout its history, Adobe’s community has been a constant source of inspiration and a catalyst for innovation. Figma has a thriving community who develop and share everything from tutorials, templates and plug-ins with their large and growing ecosystem. The combination of these communities will
Slide 14: Figma transaction details
Figma transaction details ~$20 billion, comprised of approximately half cash and half stock, subject to customary adjustments Cash consideration expected to be financed through cash on hand and, if necessary, a term loan ~6 million additional restricted stock units to be granted to Figma’s CEO and e
Slide 15: Adobe Q3 Earnings Conference Call Script Excerpts
* * * * * Adobe Q3 Earnings Conference Call Script Excerpts ... SHANTANU NARAYEN ... I am thrilled to share that today we announced our intention to acquire Figma, a leading web-first design platform that will help us accelerate this vision. Figma enables designers, developers and all stakeholders t
Slide 16: Figma scale and financial success
To give you a sense of their scale and financial success, Figma is expected to add approximately $200 million in net new ARR this year, surpassing $400 million in total ARR exiting 2022, with greater than 150 percent net dollar retention rate. With a total addressable market of ~$16.5 billion by 202
Slide 17: Adobe and Figma better together
Adobe has always been focused on empowering everyone to create digital experiences, and the combination of Adobe and Figma is the perfect “better together” opportunity. The combination of Adobe and Figma will create new opportunities and accelerate our strategy in a few ways:
Slide 18: Reimagining the future of creativity and productivity
• First, reimagining the future of creativity and productivity: Adobe and Figma share a passion for helping individuals and teams be more creative and productive. Adobe and Figma now have a new opportunity to make content creation more efficient, collaborative and fun by bringing together Adobe Expr
Slide 19: Accelerating creativity on the web
• Second, accelerating creativity on the web: As creativity becomes increasingly collaborative, the web makes it easier for teams to create together. Figma’s web-based, multi-player platform can accelerate the delivery of Adobe’s Creative Cloud technologies on the web, making the creative process ac
Slide 20: Advancing product design
• Third, advancing product design: Web and mobile applications are increasingly underpinning how we live and work. This is driving explosive growth in the product design category. The combination of Adobe and Figma will benefit all stakeholders in the product design process, from designers to produc
Slide 21: Empowering and expanding the community
• And fourth, empowering and expanding the community: Throughout our history, Adobe’s community has been a constant source of inspiration and a catalyst for innovation. Figma has a thriving community who develop and share everything from tutorials, templates and plug-ins with their large and growing
Slide 22: Figma Acquisition
Figma Acquisition As Shantanu and David mentioned, we are thrilled about the opportunity to acquire Figma, which will accelerate Adobe’s strategy. Under the definitive agreement, we’ve agreed to acquire Figma for approximately $20 billion, comprised of approximately half cash and half stock, subject
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Slide 24: Overview
Overview Adobe is one of the largest and most diversified software companies in the world and the global leader in creative, digital document and digital experience solutions. Its vast product portfolio across Adobe Creative Cloud, Adobe Document Cloud and Adobe Experience Cloud gives millions of cu
Slide 25: Creativity is becoming more collaborative
Over the years, we’ve been constantly reminded that the act of creation is dynamic and ever-changing. Today is no exception. Creativity is becoming more collaborative, and as more of our everyday life takes place within web and mobile applications, product designers increasingly favor the benefits o
Slide 26: Adobe tweet announcing intent to acquire Figma
Adobe @ @Adobe - 5h We’re excited to share our intent to acquire @Figma. Together, we will usher in a new era of collaborative creativity. Key info: adobe.ly/3BEzZ2n 0:10 | 305.6K views
Slide 27: Adobe Creative Cloud tweet
Adobe Creative Cloud @ @creativecloud - 5h oe We’re excited to share our intent to acquire @figma. Together, we will usher in a new era of collaborative creativity. Key info: adobe.ly/3BEzZ2n <7] i E | 0:10 | 30.2K views
Slide 28: Adobe XD tweet
Adobe XD @ @AdobeXD Hey there, @figma! Excited that you're joining us and bringing all sorts of new possibilities to the table. We look forward to the road ahead. Key info: adobe.ly/3BEzZ2n @ Adobe @ @Adobe - 5h We’re excited to share our intent to acquire @Figma. Together, we will usher in a new er
Slide 29: Adobe social post
Adobe AB 3,721,838 followers 5h: ® We're excited to share our intent to acquire Figma. Together, we will usher in a new era of collaborative creativity. Key info: https://adobe.ly/3BEzZ2n
Slide 30: Adobe Creative Cloud social post
Adobe Creative Cloud 558,574 followers 5h: ® We're excited to share our intent to acquire Figma. Together, we will usher in a new era of collaborative creativity. Key info: https://adobe.ly/3BEzZ2n
Slide 31: Adobe social post
Adobe (Default) @ Published by Beth Teague @- 5h-@ We're excited to share our intent to acquire Figma. Together, we will usher in a new era of collaborative creativity. Key info: https://adobe.ly/3BEzZ2n N A new era of collaborative creativity.
Slide 32: Adobe Creative Cloud social post
Adobe Creative Cloud (Default) @ Published by Beth Teague @-5h-@ We're excited to share our intent to acquire Figma. Together, we will usher in a new era of collaborative creativity. Key info: https://adobe.ly/3BEzZ2n /* Vector */ position: absolute; left: 0%; right: 0%; top: 0%; bottom: 0%; backgro
Slide 33: Adobe Officer Social Media
* * * * * Adobe Officer Social Media
Slide 34: Scott Belsky tweets
& scott belsky @ on @scottbelsky today is a big day for both @Adobe and @figma. our teams are excited by the new possibilities and recognize both the opportunity and responsibility as we share our intent to come together. BL. 5:09 AM - Sep 15, 2022 - Twitter Web App 84 Retweets 65 Quote Tweets 1,036
Slide 35: Scott Belsky tweets
- F¢ scott belsky @ @scottbelsky » 5h oo our teams have much to learn from one another and a rare opportunity to imagine a bolder future for product design and beyond. working together, we can advance the world of product design and reimagine other creative disciplines on an awesome extensible web p
Slide 36: Anil Chakravarthy tweet
Anil Chakravarthy @achakravarthy12 - 2h Very excited by the opportunities ahead of us with @Figma. The future of digital experiences has never been brighter. Key info: adobe.ly/S3BEzZ2n @ Adobe @ @Adobe - 5h We're excited to share our intent to acquire @Figma. Together, we will usher in a new era of
Slide 37: Dylan Field Blog Post
* * * * * Dylan Field Blog Post A New Collaboration with Adobe Dylan Field Co-founder & CEO, Figma September 15, 2022 Today, we’re announcing that Figma has entered into an agreement to be acquired by Adobe. This has been in the works over the past few months and I’m so excited to finally share this
Slide 38: Figma employee message
| Yuhki Yamashita 05:14 — Good morning, everyone! As you've probably seen from Dylan’s email/Slack this morning, we just shared some pretty big news! Figma has entered into an agreement to be acquired by Adobe for $20B — one of the largest deals in private tech history. You can read more in this blo
Slide 39: Figma employee messages from Nadia Singer and Dylan Field
) Nadia Singer 6:24AM A Hi team - by now you’ve all likely seen Dylan’s message sharing Figma’s intention to be acquired by Adobe. This is a huge moment for Figma, our customers, partners, community and most importantly you all. I’m excited to share more detail with you all and a bit about why we're
Slide 40: Figma Employee FAQs
* * * * * Figma Employee FAQs Acquisition FAQ Overview This page has a list of questions about the Figma/Adobe deal that may be on your mind. If you have a question that is not answered here, don’t hesitate to reach out to acquisition-questions@figma.com or post in #ama-acquisition. It may take some
Slide 41: Dylan Field in conversation with Danny Rimer
Figma’s co-founder and CEO Dylan Field in conversation with Index Partner Danny Rimer I first met Dylan Field when he was a 19-year-old intern, making his mark at Flipboard’s offices in Palo Alto. He was already convinced he wanted to be a founder, and it was clear enough to me that he was on course
Slide 42: Dylan Field and Danny Rimer on stage at Slush
Dylan Field and Danny Rimer on stage at Slush in Helsinki. “Dylan is an extraordinary person, a Renaissance individual with the rare capacity to treat his own personality as an active experiment in design: something to seek out feedback on, to be constantly tweaked and optimized, and even to be rebu
Slide 43: John Lilly tweet
John Lilly @johnolilly | am beyond proud of the Figma team for what they’ve done and what’s to come. But also for the way they’ve done it, and will continue to do it, with care and generosity and joy. I’m full of admiration for @zoink and the team, and excited for what’s ahead. Congrats, Figma and A
Slide 44: Kleiner Perkins congratulatory tweet
2 Congratulations @figma and @zoink on the largest acquisition of a private tech company ever. @kleinerperkins couldn't be more proud of the team + look forward to what you all accomplish as part of the @Adobe family. 8:33AM. Sop 15,2022. Twitter Web App i Renwests AQuote Tweets 398 Likes 3g b Qo a
Slide 45: Mamoon Hamid tweets
Mamoon Hamid @ @ramoonha 4h - ttxas thera and then that he Dagan to develop a ganse ot how'the design process could be improved. A few years later, the first design toal built on ‘the browser was bor. O41 O% a Mamoon Hamid @ @remoonha 4 - Soon after ws decided to lead Figma's SoriaeB (my tet ever in
Slide 46: Forward-Looking Statements
* * * * * Forward-Looking Statements In addition to historical information, this communication contains forward-looking statements within the meaning of applicable securities law, including statements regarding the expected completion and effects of the proposed transaction, product plans, future gr