First Quarter 2012 Earnings Call May 3, 2012 Copyright 2012.
Cautionary Note Regarding Forward Looking StatementsCertain statements in this presentation and responses to various questions includes forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical factscontained herein, including statements regarding the continued growth in our core platform, are forward-lookingstatements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,”“potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-lookingstatements. We have based these forward-looking statements largely on our current expectations and projections aboutfuture events and financial trends that we believe may affect our financial condition, results of operations, businessstrategy and financial needs. Important factors that could cause actual results to differ from those in the forward-lookingstatements include: issues that affect the functionality of our mobile application with popular mobile operating systems, anychanges in such operating systems that degrade our mobile application’s functionality and other unexpected issues whichcould adversely affect usage on mobile devices, the willingness of our users to purchase virtual credits on their mobiledevices, and acceptance of our new brand in Latin America and globally. Further information on our risk factors iscontained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2011. Any forward-lookingstatement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actualresults to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake noobligation to publicly update any forward-looking statement, whether as a result of new information, future developments orotherwise, except as may be required by law. Copyright 2012. QPSA 2
Q4 2011 results reﬂect myYearbook as of the merger date of November 10, 2011. Copyright 2012. QPSA 4
Q4 2011 results reﬂect myYearbook as of the merger date of November 10, 2011. Adjusted EBITDA is a non-‐GAAP ﬁnancial measure. The following slide includes a reconciliaNon of EDITDA and Adjusted EBITDA to Net Income. Copyright 2012. QPSA 5
QUEPASA CORPORATION AND SUBSIDIARIES Reconciliation of GAAP Net I ncome (Loss) to Adjusted EBITDA For the Three Months Ended For the Three Months Ended For the Three Months Ended Per Per Per Basic March 31, Per Basic Diluted March 31, Per Basic Diluted December 31, and Diluted 2012 Share Share 2011 Share Share 2011 Share Net l oss allocable to common shareholders $ (1,858,658) $ (0.05) $ (0.05) $ (1,517,001) $ (0.10) $ (0.07) $ (5,457,271) $ (0.20) Interest e xpense 298,068 0.01 0.01 149,986 0.01 0.01 204,199 0.01 Depreciation and amortization 907,399 0.02 0.02 136,460 0.01 0.01 603,030 0.02 Amortization of stock based compensation 1,036,061 0.03 0.03 873,234 0.06 0.03 1,469,637 0.05 EBITDA 382,870 0.01 0.01 (357,321) (0.02) (0.02) (3,180,405) (0.12) Acquisition and restructuring costs 290,067 0.01 0.01 367,751 0.02 0.02 779,441 0.03 Loss on i mpairment of goodwill -‐ -‐ -‐ -‐ -‐ -‐ 1,409,127 0.05 Adjusted EBITDA $ 672,937 $ 0.02 $ 0.02 $ 10,430 $ 0.00 $ 0.00 $ (991,837) $ (0.04) Weighted average number of shares outstanding, Basic 36,189,173 15,662,232 27,770,127 Weighted average number of shares outstanding, Dilutive 41,800,383 24,437,565Q4 2011 results reﬂect myYearbook as of the merger date of November 10, 2011. Copyright 2012. QPSA 6
Con.nued Growth in Core-‐Pla8orm 1 MAU chart refers to the total MAU of myYearbook. myYearbook is the company’s core plaRorm, which is being rebranded to MeetMe in July. In Q1 2012, 85% of visits to myYearbook were from the US. The growth of the myYearbook plaRorm is a proxy for US growth. Copyright 2012. QPSA 7
Mobile Revenue Growing Nicely Oﬀ Small Base 1 Mobile revenue refers to mobile adverNsing and mobile virtual currency revenue Copyright 2012. QPSA 8