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Quepasa Corporation (NYSE Amex: QPSA) Investor Presentation, Spring 2012
 

Quepasa Corporation (NYSE Amex: QPSA) Investor Presentation, Spring 2012

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    Quepasa Corporation (NYSE Amex: QPSA) Investor Presentation, Spring 2012 Quepasa Corporation (NYSE Amex: QPSA) Investor Presentation, Spring 2012 Presentation Transcript

    • Investor Presentation Spring 2012 Copyright  2012.  
    • Cau$onary  Note  Regarding  Forward  Looking  Statements          Certain  statements  in  this  presenta$on  and  responses  to  various  ques$ons  includes  forward-­‐looking  statements  within  the  meaning  of  the  Private  Securi$es  Li$ga$on  Reform  Act  of  1995.    All  statements  other  than  statements  of  historical  facts  contained  herein,  including  statements  regarding  our  growth  opportuni$es  including  mobile,  mone$za$on  of  mobile  users,  growth  in  the  social  discovery  market,  expecta$ons  regarding  interna$onaliza$on  of  the  plaJorm,  expecta$ons  regarding  our  usage  paKern,  expecta$ons  regarding  our  rebranding  and  migra$on  of  users,  global  momentum  and  opportuni$es    are  forward-­‐looking  statements.    The  words  “believe,”  “may,”  “es$mate,”  “con$nue,”  “an$cipate,”  “intend,”  “should,”  “plan,”  “could,”  “target,”  “poten$al,”  “is  likely,”  “will,”  “expect”  and  similar  expressions,  as  they  relate  to  us,  are  intended  to  iden$fy  forward-­‐looking  statements.  We  have  based  these  forward-­‐looking  statements  largely  on  our  current  expecta$ons  and  projec$ons  about  future  events  and  financial  trends  that  we  believe  may  affect  our  financial  condi$on,  results  of  opera$ons,  business  strategy  and  financial  needs.  Important  factors  that  could  cause  actual  results  to  differ  from  those  in  the  forward-­‐looking  statements  include:  issues  that  affect  the  func$onality  of  our  mobile  applica$on  with  popular  mobile  opera$ng  systems,  any  changes  in  such  opera$ng  systems  that  degrade  our  mobile  applica$on’s  func$onality  and  other  unexpected  issues  which  could  adversely  affect  usage  on  mobile  devices,  the  willingness  of  our  users  to  purchase  virtual  credits  on  their  mobile  devices,  and  acceptance  of  our  new  brand  in  La$n  America  and  globally.    Further  informa$on  on  our  risk  factors  is  contained  in  our  filings  with  the  SEC,  including  the  Form  10-­‐K  for  the  year  ended  December  31,  2011.    Any  forward-­‐looking  statement  made  by  us  herein  speaks  only  as  of  the  date  on  which  it  is  made.    Factors  or  events  that  could  cause  our  actual  results  to  differ  may  emerge  from  $me  to  $me,  and  it  is  not  possible  for  us  to  predict  all  of  them.    We  undertake  no  obliga$on  to  publicly  update  any  forward-­‐looking  statement,  whether  as  a  result  of  new  informa$on,  future  developments  or  otherwise,  except  as  may  be  required  by  law.      Regula$on  G  –  Non-­‐GAAP  Financial  Measures      This  presenta$on  includes  a  discussion  of  Quepasa  and  myYearbook  combined  company  revenues  for  2011  which  is  a  non-­‐GAAP  financial  measure.  Reconcilia$ons  to  the  most  directly  comparable  GAAP  financial  measures  are  provided  at  the  end  of  this  presenta$on  and  on  the  Investor  Rela$ons  sec$on  of  the  Quepasa  Corporate  website  at  hKp://www.quepasacorp.com/news-­‐room/quepasa-­‐corpora$on-­‐reports-­‐record-­‐fourth-­‐quarter-­‐and-­‐full-­‐year-­‐2011-­‐results/.     Copyright  2012.   QPSA 2
    • Investment  Highlights   §  #1  most  visited  social  network  for  mee<ng  new  people  in  the  US1.   §  2.8+  billion  page  views  per  month.2  Comparable  web  page  views  to   TwiCer  in  the  US.   §  Over  78  million  registered  users  across  the  world.   §  58%  of  ac<vity  on  mobile,  up  from  2%  in  2010.   §  #1  Top-­‐Grossing  Social  App  on  Android3.   §  $36.8  million  revenue  in  2011  (a  non-­‐GAAP  financial  measure)4.   §  Significantly  undervalued  compared  to  social  media  peers.  1comScore  US,  Feb.  2012.  myYearbook  vs.  Tagged  and  Badoo.  2Google  Analy<cs,  combined  myYearbook  +  Quepasa  Combined  Q4  web  and  mobile  page  views.  3Android  Market  Top  Grossing  Social  Apps  on  3/26/2012.  4Combined  myYearbook  and  Quepasa  2011  revenue  (a  non-­‐GAAP  financial  measure).  Reconcilia<on  available  at:  hCp://www.quepasacorp.com/news-­‐room/quepasa-­‐corpora<on-­‐reports-­‐record-­‐fourth-­‐quarter-­‐and-­‐full-­‐year-­‐2011-­‐results/.     Copyright  2012.   QPSA 3
    • November  2011  Merger  with  myYearbook  Creates   Leading  Social  Network  for  Mee$ng  New  People.  Our  mission  is  to  build  the  leading  social  network  for  mee$ng  new  people.     We  make  mee<ng  people  fun  through  social  games  and  apps.    Rebranding  to  beCer  reflect  our  mission  surrounding  mee<ng  new  people.     Copyright  2012.   QPSA 4
    • Four  Categories  of  Social  Networking   Copyright  2012.   QPSA 5
    • Category-­‐Leading  Engagement  Source:  comScore  US,  Year  to  Date  Monthly  Data,  including  average  of  January  2012  and  February  2012.   Copyright  2012.   QPSA 6
    • Leader  In  Fast-­‐Growing  Mobile  Market  1    Source:  Gartner.  CAGR  is  compound  annual  growth  rate.        Note:  Apple  has  paid  >$3B  $’s  to  developers  as  of  9/11,  implying  gross  app  market  revenue  of  $4B  in  3  years;  Google  indicated  during  CQ3  earnings  call  that  it  expects                  $2.5  mobile  ad  revenue  in  2011E0.  2  Rankings  based  on  Google  Play  (formerly  Android  Market)  rankings  of  Apps-­‐>Social-­‐>Top-­‐Grossing  on  3/26/2012.     Copyright  2012.   QPSA 7
    • Global  Opportunity  1comScore  Dec.  2011.  “It’s  a  Social  World.”  Reflects  social  networking  now  reaches  1.2  billion  users,  82%  of  the  online  popula<on.  2comScore  Feb.  2012.  Analysis  of  Unique  Visitors.     Copyright  2012.   QPSA 8
    • Catalysts  §  Early  May:  1Q  Financial  Results  Reported.  First  full  quarter  of  combined   opera<ons  since  merger  closed.  §  May/June:  Facebook  IPO  expected  to  bring  aCen<on  to  the  social   media  landscape.  §  Mobile:     –  New  virtual  currency  &  mobile  mone<za<on  products.   –  Launch  of  Social  Theater  (incented  video  adver<sing).   –  Ini<al  results  from  virtual  currency  launch  on  iOS.    Currently  the  #1  Top  Grossing   Social  App  on  Android.   –  Interna<onal  launch  of  mobile  app.  §  Summer:  Rebranding  to  MeetMe.  §  Fall/Winter:  Global  Expansion  into  6  languages  on  web  and  mobile.   Copyright  2012.   QPSA 9
    • Valua$on  Comparison  –  Social  Media  Peers    Market   2011A   2012E   2013E    Company    Ticker   Capitaliza$on      Revenues     MC/Rev    Revenues     MC/Rev    Revenues     MC/Rev   Renren,  Inc   RENN   $   2,970      $   118   25.2x    $   178     16.7x    $          255     11.6x   Yandex,  N.V.   YNDX   $   8,630    $   677   12.8x    $          956     9.0x    $   1,280   6.7x   LinkedIn,  Corp.   LNKD   $   10,790    $   522   20.7x    $          875     12.3x    $   1,280   8.4x   Groupon,  Inc.   GRPN   $   8,340      $   1,610   5.2x    $    2,340     3.6x    $   3,010     2.8x   Angies  List   ANGI   $   865    $   90   9.6x    $    146     5.9x    $   217   4.0x   Zynga,  Inc.   ZNGA   $   8,510    $   1,140   7.5x    $    1,430     6.0x    $   1,660   5.1x   13.5x   8.9x   6.4x   Quepasa  Corp.   QPSA   $   145    $   37   3.9x    $          48     3.0x    $   68   2.1x  Footnotes:  1)  Source:  Yahoo!  Finance,  April  16,  2012.  2)  Quepasa  2011  Revenues  reflect  Combined  Revenues  for  2011,  a  non-­‐GAAP  measure.     Copyright  2012.   QPSA 10  
    • Appendix     Copyright  2012.   QPSA 11
    • Stock  Informa$on,  as  of  April  19,  2012   Symbol   QPSA   2011 Revenues (millions)1   $ 36.80   Exchange   NYSE Amex   2012 Revenues (millions)2   $ 48.16   2013 Revenues (millions)2   $ 67.71   Price   $ 3.44   Shares Outstanding (millions)   36.20   Insider Ownership   44%   Market Capitalization (millions)   $ 124.53   Shares Short (millions)   4.2   Short % of Float   34%   52-Week Range   $ 2.74 - $ 10.42  Footnotes:  1)  2011  Revenues  reflect  Combined  Quepasa  and  myYearbook  revenues,  a  non-­‐GAAP  figure.  2)  2012  and  2013  Revenue  Es<mates  reflect  consensus  from  Yahoo!  Finance,  April  16,  2012.     Copyright  2012.   QPSA 12  
    • Investment  Highlights   §  #1  most  visited  social  network  for  mee<ng  new  people  in  the  US1.   §  2.8+  billion  page  views  per  month.2  Comparable  web  page  views  to   TwiCer  in  the  US.   §  Over  78  million  registered  users  across  the  world.   §  58%  of  ac<vity  on  mobile,  up  from  2%  in  2010.   §  #1  Top-­‐Grossing  Social  App  on  Android3.   §  $36.8  million  revenue  in  2011  (a  non-­‐GAAP  financial  measure)4.   §  Significantly  undervalued  compared  to  social  media  peers.  1comScore  US,  Feb.  2012.  myYearbook  vs.  Tagged  and  Badoo.  2Google  Analy<cs,  combined  myYearbook  +  Quepasa  Combined  Q4  web  and  mobile  page  views.  3Android  Market  Top  Grossing  Social  Apps  on  3/26/2012.  4Combined  myYearbook  and  Quepasa  2011  revenue  (a  non-­‐GAAP  financial  measure).  Reconcilia<on  available  at:  hCp://www.quepasacorp.com/news-­‐room/quepasa-­‐corpora<on-­‐reports-­‐record-­‐fourth-­‐quarter-­‐and-­‐full-­‐year-­‐2011-­‐results/.     Copyright  2012.   QPSA 13