Green Dot Corporation · NYSE:GDOT
Green Dot — Investor Presentation (September 2013)
11 slides from Green Dot's investor presentation, Sep 17, 2013
Slide 1: 2H 2013 Key Investments
2H 2013 Key Investments September 2013
Slide 2: Disclosures About Non-GAAP Financial Measures and Forward-Looking Statements
Disclosures About Non-GAAP Financial Measures During this presentation, references to financial measures of Green Dot Corporation will include references to non-GAAP financial measures. For an explanation to the most directly comparable GAAP financial measures, see the Appendix to these materials or
Slide 3: 2H Investments - a more granular look
2H Investments - a more granular look • On our July 30th earnings call, we raised full year guidance on non-GAAP revenue and adjusted EBITDA, but kept the high-end of our non-GAAP EPS guidance unchanged at $1.20 • We said that we would be investing significantly in a number of business initiatives i
Slide 4: Key incremental 2H strategic investments
* Subject to regulatory approval Key initiative Primary rationale 2H13 investment Distribute products in 20,000+ new doors Growth in core prepaid business $12-14M Development of a new suite of prepaid products Growth in core prepaid business $12-15M Transfer issuance of the Walmart MoneyCard portfol
Slide 5: We reiterate our outlook for 2013
Raised guidance on July 30th based on strength of core business We reiterate our outlook for 2013 Current Full year 2013 Low High Non-GAAP Total Operating Revenues $565M $575M Adjusted EBITDA $95M $105M Non-GAAP Diluted EPS $1.05 $1.20 Reconciliations of total operating revenues to non-GAAP total op
Slide 6: About Non-GAAP Financial Measures
6 About Non-GAAP Financial Measures To supplement the Company's consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America (GAAP), the Company uses measures of operating results that are adjusted to exclude net interest inc
Slide 7: Outlook 2013
Outlook 2013 * Assumes the Company's right to repurchase lapses on 36,810 shares per month during 2013 of the Company's Class A common stock at $19.79 per share, our market price on the last trading day of the second quarter 2013. A $1.00 change in the Company's Class A common stock price represents
Slide 8: Outlook 2013
Outlook 2013 Reconciliation of forward looking guidance net income to non-GAAP net income (1) Low High Net income 32$ 39$ Adjustments 14 14 Non-GAAP net income 46$ 53$ Diluted earnings per share GAAP 0.73$ 0.89$ Non-GAAP 1.05$ 1.20$ Diluted weighted-average shares issued and outstanding GAAP 36 36 N
Slide 9: Supplemental non-GAAP financial info
Supplemental non-GAAP financial info 1) To supplement the Company’s consolidated financial statements presented in accordance with GAAP, the Company uses measures of operating results that are adjusted to exclude various, primarily non-cash, expenses and charges. These financial measures are not cal
Slide 10: Supplemental non-GAAP financial info
Supplemental non-GAAP financial info • The Company’s management uses the non-GAAP financial measures: – as measures of operating performance, because they exclude the impact of items not directly resulting from the Company’s core operations; – for planning purposes, including the preparation of the
Slide 11: Supplemental non-GAAP financial info
Supplemental non-GAAP financial info 4) This expense consists primarily of expenses for employee stock options. Employee stock-based compensation expense is not comparable from period to period due to changes in the fair market value of the Company’s Class A common stock (which is influenced by exte