The document provides a safe harbor statement for any projections or forward-looking statements made in the presentation. It notes that actual results could differ materially from what is stated due to risk factors. It also includes non-GAAP financial measures and their definitions.
An introduction to the company behind leading mobile sports apps theScore and theScore eSports, as well as free-to-play fantasy sports game QuickDraft.
An introduction to the company behind leading mobile sports apps theScore and theScore eSports, as well as free-to-play fantasy sports game QuickDraft.
New fronts video ad spend report - IAB - 2017Romain Fonnier
Advertiser investment in original digital video programming has nearly doubled over the past two years with 80% of brand and agency executives are planning to spend even more on original digital video this year, according to the 4th annual “Digital Content NewFronts: Video Ad Spend Study.” Original digital video is gaining a greater share of total digital video budgets, reaching 47% in 2017. Native Advertising continues to be a key part in these original digital video buys, accounting for 42% of investment.
Some additional key highlights from the study include:
53% of marketers and media buyers surveyed said expanding budgets was a reason for the rise in original digital video spend
Marketers and media buyers are planning to allocate 40% of their original digital video budget after attending the 2017 NewFronts
Advertisers top obstacle in spending more in Original Video Content is quality
Over 60% of advertisers will increase spending on digital video advertising in the next 12 months
Share of digital video ad spend bought programmatically will continue to grow in 2017
Monetization in the US and China: Where to InvestGGV Capital
In this presentation, GGV Capital Managing Partner Hany Nada analyzes the differences in the US and China advertising markets, areas of opportunity and other methods of monetization.
Description: Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q2 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
New fronts video ad spend report - IAB - 2017Romain Fonnier
Advertiser investment in original digital video programming has nearly doubled over the past two years with 80% of brand and agency executives are planning to spend even more on original digital video this year, according to the 4th annual “Digital Content NewFronts: Video Ad Spend Study.” Original digital video is gaining a greater share of total digital video budgets, reaching 47% in 2017. Native Advertising continues to be a key part in these original digital video buys, accounting for 42% of investment.
Some additional key highlights from the study include:
53% of marketers and media buyers surveyed said expanding budgets was a reason for the rise in original digital video spend
Marketers and media buyers are planning to allocate 40% of their original digital video budget after attending the 2017 NewFronts
Advertisers top obstacle in spending more in Original Video Content is quality
Over 60% of advertisers will increase spending on digital video advertising in the next 12 months
Share of digital video ad spend bought programmatically will continue to grow in 2017
Monetization in the US and China: Where to InvestGGV Capital
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Description: Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q2 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
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IntroductionDigitCam Company BackgroundAt this time, our.docxnormanibarber20063
Introduction
DigitCam Company Background:
At this time, our company proposes to sell close to 800,000 entry-level cameras and 200,000 multi-featured cameras annually. Prior-year revenues were US$ 206 million and net earnings were US$ 20 million, equal to US$ 2.00 per share of common stock.
GLO-BUS – Decision for Year 10
DigitCam Company is in sound financial condition and is performing well. Its products are well regarded by digital camera users. DigitCam’s board of directors has charged the co-managers with developing a winning competitive strategy—one that capitalizes on growing consumer interest in digital cameras, keeps the company in the ranks of the industry leaders, and boosts the company's earnings on an annual basis.
· Develops a strategic plan depicting reasons within a scenario, critiques team decisions and corresponding results associated with business management, and evaluates both short- and long-term implications.
At this juncture, DigitCam is ranked 4th on the GLO-BUS – Game to Date Industry Scoreboard – Year 9. This is a business need for an improvement on our company performances. DigitCam was ranked 2nd on the GLO-BUS- Game to Date Scoreboard – Year 8. With that in mind, the co-managers’ rolling analysis assessment, is looking backward and forward in time; and understanding the simulation decision results. It is especially important that the key now is to watch what the competition is doing - first investor expectations, and then the competition. Therefore, using a high-performance business management technique- include but not limited to the following:
Looking back in time, the management of our company thought consumers are willing to pay a higher price for higher quality products. Respectively, after our Decisions for Year 6,7,8 and 9, the co-managers figured out, that is not necessarily the reality. After these four rounds, we have realized that the strategic management for this global competition does not qualitatively recognize our “high quality, and high price” strategy. Quite logically, the system responds more for low prices and hence giving more market share to low priced digital cameras and products. All this being said, corporate social responsibility and business ethics now play an influential role in a company's strategic management – DigitCam was the corporate social responsibility award winner for Year 9.
With this being said, DigitCam Company is in the making of Decision for Year 9, and it would be revising the simple strategy, which largely focused on quality of the camera. For the reason, the process making our digital camera products to be the best in the market is also the most expensive. The management of this company has observed that we need to price our cameras competitively, maximize our R&D every year, going forward, determine to win the market share (for both entry-level and multi-featured cameras) and making sure that the company is hitting investor expectations the end of each year de.
This is Uber's first investor presentation (for Q4 2019) after going public in 2019.
We're compiling some of the investor presentations for technology start-ups. The purpose is to better understand the business as a point of reference or comparison.
I do not own this deck or any of its contents. The original deck can be found on Uber's Investor Relations webpage as part of its required reporting.
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
Osisko Gold Royalties Ltd - Corporate Presentation, June 2024
Investor relations presentation - May 2017
1.
2. SAFE HARBOR STATEMENT
This presentation may contain projections or other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this presentation include, but are not limited to, our product roadmap, our long-
term model, aggregate charges for employee termination and the timing to recognize these charges and other costs associated with the restructuring, including the
estimates of related cash expenditures by GoPro in connection with the restructuring. These forward-looking statements involve risks, uncertainties and assumptions, and
in light of these risks, uncertainties and assumptions, the forward-looking statements are inherently uncertain and may not occur, and actual events or results may differ
materially and adversely from those anticipated or implied in the forward-looking statements. Among the important factors that could cause actual results to differ materially
from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our
revenue targets and may not result in the expected improvement in our profitability; the fact that our future growth depends in part on further penetrating our addressable
market and also growing internationally, and we may not be successful in doing so; any inability to successfully manage frequent product introductions (including our 2017
roadmap for new hardware and software products) and transitions, including managing our sales channel and inventory and accurately forecasting future sales; our
dependence on sales of our cameras, mounts and accessories for substantially all of our revenue; the effect of a decrease in the sales or change in sales mix of these
products; the effect of a decrease in sales during the holiday season; the fact that an economic downturn or economic uncertainty in our key U.S. and international markets
may adversely affect consumer discretionary spending and demand for our products; any inability to anticipate consumer preferences and successfully develop and market
desirable products; the risks associated with our entrance into the consumer drone market and the re-launch of our drone; the effects of the highly competitive market in
which we operate; the fact that we may not be able to achieve revenue growth or profitability in the future; risks related to inventory, purchase commitments and long-lived
assets; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in the
Risk Factors section of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, which is on file with the Securities and Exchange Commission (the
“SEC”) and may be obtained for free by visiting EDGAR on the SEC web site at www.sec.gov.
These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. GoPro undertakes no obligation to update publicly or revise
any forward-looking statements for any reason after the date of this presentation, to conform these statements to actual results or to changes in GoPro’s expectations.
GoPro disclaims any obligation to update these forward-looking statements.
In addition to U.S. GAAP financials, this presentation includes certain non-GAAP financial measures, including non-GAAP gross margin, operating expenses, operating
income (loss), net income (loss), earnings (loss) per share and adjusted EBITDA. These non-GAAP measures are in addition to, not a substitute for or superior to,
measures of financial performance prepared in accordance with U.S. GAAP. The non-GAAP financial measures used by GoPro may differ from the non-GAAP financial
measures used by other companies. A reconciliation of these measures to the most directly comparable U.S. GAAP measure is included in the Appendix to these slides.
The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of
the products or services of GoPro.
2
3. GOPRO AT A GLANCE
1
Cumulative HERO cameras shipped from 2009 through Q1 2017
2
As of 12/31/16
3 On a unit basis, According to NPD
4
As ranked by Instagram followers, as of March 2017
5 Among Digital Image Cameras on a unit basis through Q1 2017, according to NPD
ESTABLISHED
IN 2004
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
HQ IN
SAN MATEO
25M+
CAMERAS1
IPO IN
JUNE 2014
• 2016 Revenue: $1.2 Billion
• Sales in >100 Countries; >45,000 Retail Locations2
• 60% of Q1 ’17 Revenue Generated Outside the U.S.
• 32M+ Downloads of GoPro Mobile Apps in 2016
• Launched HERO5 Cloud-Connected Cameras & Plus Subscription Service in 2016
• Launched Karma Drone in Q1 ‘17 and GoPro Fusion 5.2K Spherical Camera Pilot in April 2017
• Karma with HERO5 Camera was the #2 Best-Selling Drone Priced over $1,000 in the U.S. in
March 20173
• #1 Consumer Electronics Brand on Instagram4
• Best-Selling Camera in the U.S. for 13 Straight Quarters5
3
4. 4
LIFE IS MORE MEANINGFUL
WHEN SHARED
Social sharing is a
consumer megatrend
that continues to grow
GoPro enables the world
to share itself in immersive
and engaging ways
5. ABOUT US
5
what we make
Versatile Storytelling Solutions
what we do
Enable Immersive Sharing
WHAT WE DOWHAT WE MAKE
7. 7
THRIVING GLOBAL BRAND AND COMMUNITY
~59% CAGR
~25% YoY Growth
SUBSCRIBERS1 FOLLOWERS1 LIKES1
~310% CAGR
~44% YoY Growth
~19% CAGR
~7% YoY Growth
22years
YouTube content
tagged with GoPro
uploaded2
35MM
Facebook video
views of GoPro
content3
~22% YoY Growth
2013 2017
~700K
~5MM
2015
~3MM
2013 2017
~13MM
2015
~5MM
2013 2017
~5MM
~10MM
2015
~8MM
~50K
~67% YoY Growth3,4
LARGE AND
GROWING
SOCIAL AND
ENGAGED
1
Social numbers are as of Q1 of each respective year
2
Content with GoPro in the title, description or keyword in 2016
3
In Q1 2017
4 Increase in YouTube videos attributed to GoPro
8. 2017 PRIORITIES
Drive profitability through improved efficiency, lower costs and execution
Make the smartphone central to the GoPro experience
Market the improved GoPro experience to our extended community
Grow our business internationally
Expand the GoPro product line for advanced users
1
2
3
4
5
8
9.
10. 10
INDUSTRY LEADING HARDWARE
MSRP: $149.99
12MP / 30 FPS
BURST TIME
LAPSE
4K30 /1440P80 /
1080P120
WATERPROOF
33FT (10M)
10MP / 30 FPS
BURST TIME
LAPSE
4K30 /1440P60 /
1080P90
WATERPROOF
33FT
8MP / 10 FPS
BURST TIME
LAPSE
1440P30 /
1080P60
WATERPROOF
33FT
SIMPLE ONE-
BUTTON
CONTROL
WI-FI +
BLUETOOTH
ADVANCED WIND
NOISE
REDUCTION
VOICE CONTROL
VIDEO
STABILIZATION
AUTO-UPLOAD
TO CLOUD
TOUCH DISPLAY
LOCATION
CAPTURE
RAW + WDR
PHOTOS
SIMPLE ONE-
BUTTON
CONTROL
WI-FI +
BLUETOOTH
ADVANCED WIND
NOISE
REDUCTION
SIMPLE ONE-
BUTTON
CONTROL
WI-FI +
BLUETOOTH
WIND NOISE
REDUCTION
VOICE CONTROL VIDEO
STABILIZATION
AUTO-UPLOAD
TO CLOUD
MAXIMUM
SPEED: 35MPH
MAX DISTANCE:
9,840FT
MAXIMUM WIND
RESISTANCE:
22MPH
720P SCREEN
CONTROLLER
MAX ALTITUDE:
10,500FT
REMOVABLE
BATTERY
REMOVABLE
STABILIZER
FOLDABLE
DESIGN
HERO4 & HERO5
COMPATIBLE
MSRP: $399.99
MSRP: $299.99
MSRP: $1,099.99
MSRP: $799.99*
(*Camera sold separately)
HERO5 Black HERO5 Session HERO Session Karma
12. Control Camera +
Manage Content
Manual editing app
SpliceCapture
Automated editing app
Quik
MOBILE EDITING ECOSYSTEM
12
32M+ Downloads in 2016
13. CLOUD SERVICES: DRIVING ENGAGEMENT
13
AUTO UPLOAD ACCESS VIA QUIK GLOBAL LAUNCH
Simple GoPro
cloud user
experience
Solid free trial to
paid conversion
Low churn
Plus users
share more
16. CONTENT-DRIVEN SOCIAL STRATEGY
As of 3/31/17
16
10.3M
FACEBOOK
FOLLOWERS
2.2M
TWITTER
FOLLOWERS
12.7M
INSTAGRAM
FOLLOWERS
4.7M
YOUTUBE
SUBSCRIBERS
44% YoY
25% YoY
7% YoY
39% YoY
17. 1 As of 12/31/16
2 According to GfK
3 According to NPD
STRONG GLOBAL NETWORK OF RETAIL DISTRIBUTION
17
BIG BOX
RETAIL
MID MARKET
RETAIL
SPECIALTY
RETAIL ONLINE
• Between 70% and 90% of the HERO5 camera
users in China, Germany, Spain, Italy, France,
and Japan are using their camera in their
local language
• GoPro’s 1Q17 category unit share in China
grew to 3.1% from 1.7% in 1Q16
2
• GoPro’s 1Q17 category dollar share in Japan
grew to 3.4% from 1.4% in 1Q16
2
GLOBAL FOOTPRINT
>45,000 RETAIL LOCATIONS; >100 COUNTRIES1
Compared to 26.7% combined digital
camera/camcorder unit share in the U.S. in 4Q16
3
18. POINT OF PURCHASE
18As of 12/31/16
APPROXIMATELY 29,000 POP DISPLAYS IN RETAIL OUTLETS WORLDWIDE
19. EXPANDING OPPORTUNITIES
19
Social Sharing
GoPro is making the smartphone
central to its experience
Drones Virtual Reality
GoPro enables innovative VR
content capture and editing
Karma is GoPro’s drone and
stabilization system
20.
21. $986
$1,394
$1,620
$1,185
$184 $219
2013 2014 2015 2016 1Q16 1Q17
REVENUE
$ in millions
3.8
5.2
6.6
4.8
0.70 0.74
2013 2014 2015 2016 1Q16 1Q17
CAMERA UNITS SHIPPED
Units in millions
REVENUE & UNITS SHIPPED
21
Annual Quarterly Annual Quarterly
26. 2017 PROGRESS AND GUIDANCE
26
Q1 2017
Actual
Q2 2017
Guidance1
FY2017
Guidance1
• Revenue: $270 million +/- $10 million
• Gross margins: 33.5% +/- 1%
• Opex: between $122 million and 126 million
• Adj. EBITDA: $(15) million +/- $5 million
• 19% revenue growth Y/Y
• ASPs up 21% Q/Q and 13% Y/Y
• Opex down $51 million Q/Q
• Channel inventory down >13% Q/Q
• Raised $92m in net cash via convertible
debt offering completed in April 2017
• Target double-digit Y/Y revenue growth
• Target Opex <$495 million, a $200 million
reduction from 2016
• Target positive Adj. EBITDA
• Working towards goal of achieving full
year non-GAAP profitability
Source: GoPro Q1 2017 Earnings Release and Call held on 4/27/17
Note: Non-GAAP financial figures
1 As of 4/27/17
27.
28. 28
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS
To supplement our unaudited selected financial data presented on a basis consistent with GAAP, we disclose certain non-GAAP financial
measures, including non-GAAP gross margin, operating expenses, operating income (loss), net income (loss), earnings (loss) per share and
adjusted EBITDA. These non-GAAP measures are not in accordance with, nor serve as an alternative for GAAP. We believe that these non-
GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. These non-GAAP
measures should only be viewed in conjunction with corresponding GAAP measures.
In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of our core operating
performance on a period-to-period basis. The excluded items represent stock-based compensation and other charges that we do not consider to
be directly related to core operating performance. We use non-GAAP measures to evaluate the core operating performance of our business, for
comparison with forecasts and strategic plans and for calculating return on investment. In addition, management’s incentive compensation is
determined using non-GAAP measures. Since we find these measures to be useful, we believe that investors benefit from seeing results
reviewed by management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with our
GAAP financials, provide useful information to investors by facilitating:
• the comparability of our on-going operating results over the periods presented;
• the ability to identify trends in our underlying business; and
• the comparison of our operating results against analyst financial models and operating results of other public companies that supplement
their GAAP results with non-GAAP financial measures.
29. 29
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS
The following are explanations of each type of adjustment that we incorporate into non-GAAP financial measures:
● Stock-based compensation expense - relates to equity awards granted primarily to our workforce. We exclude stock-based compensation because
we believe that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding operational
performance. In particular, we note that companies calculate stock-based compensation expense for the variety of award types that they employ using
different valuation methodologies and subjective assumptions. These non-cash charges are not factored into our internal evaluation of net income
(loss) as we believe their inclusion would hinder our ability to assess core operational performance. We believe that excluding this expense provides
greater visibility to the underlying performance of our business operations, facilitates comparison of our results with other periods, and may also
facilitate comparison with the results of other companies in our industry.
● Acquisition-related costs - include the amortization of acquired intangible assets (primarily consisting of acquired technology), the impairment of
acquired intangible assets (if applicable), as well as third-party transaction costs incurred for legal and other professional services. These costs are
not factored into our evaluation of potential acquisitions, or of our performance after completion of the acquisitions, because these costs are not
related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such costs are
inconsistent and vary significantly based on the timing and magnitude of our acquisition transactions and the maturities of the businesses being
acquired.
● Restructuring costs - primarily include severance-related costs, stock-based compensation expenses and facilities consolidation charges recorded
in connection with restructuring actions announced in the first and fourth quarters of 2016 and the first quarter of 2017. We believe that excluding
these costs provides greater visibility to the underlying performance of our business operations, facilitates comparison of our results with other
periods, and may also facilitate comparison with the results of other companies in our industry.
● Income tax adjustments - beginning in the first quarter of 2017, we have implemented a cash-based non-GAAP tax expense approach (based upon
expected annual cash payments for income taxes) for evaluating operating performance as well as for planning and forecasting purposes. This non-
GAAP tax approach eliminates the effects of period specific items, which can vary in size and frequency and does not necessarily reflect our long-term
operations. Historically, we computed a non-GAAP tax rate based on non-GAAP pre-tax income on a quarterly basis, which considered the income
tax effects of the adjustments above.
● Additionally, adjusted EBITDA excludes the amortization of point-of-purchase (POP) display assets because it is a non-cash charge, and is similar to
the depreciation of property and equipment and amortization of acquired intangible assets.
30. 30
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS
(in thousands, except per share data) Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015
GAAP net income (loss) $ (111,150) $ (115,709) $ (104,068) $ (91,767) $ (107,459) $ (34,451) $ 18,799 $ 35,031 $ 16,752
Stock-based compensation:
Cost of revenue 495 421 426 412 357 449 410 350 283
Operating expenses 12,630 17,505 18,040 16,992 15,374 17,671 17,460 17,839 26,218
Total stock-based compensation 13,125 17,926 18,466 17,404 15,731 18,120 17,870 18,189 26,501
Acquisition-related costs:
Cost of revenue 1,235 1,093 222 222 222 222 222 295 222
Operating expenses 1,113 2,607 8,351 2,453 2,176 1,323 1,743 1,223 120
Total acquisition-related costs 2,348 3,700 8,573 2,675 2,398 1,545 1,965 1,518 342
Restructuring costs:
Cost of revenue 393 133 — — 364 — — — —
Operating expenses 12,062 36,448 — — 6,144 — — — —
Total restructuring costs 12,455 36,581 — — 6,508 — — — —
Income tax adjustments 20,439 99,869 (7,250) (907) (3,918) 3,390 (2,008) (4,023) (7,976)
Non-GAAP net income (loss) $ (62,783) $ 42,367 $ (84,279) $ (72,595) $ (107,459) $ (11,396) $ 36,626 $ 50,715 $ 35,619
Weighted-average dilutive shares* 142,899 146,261 140,124 138,942 137,543 137,086 146,055 146,781 148,573
Non-GAAP diluted net income (loss) per share $ (0.44) $ 0.29 $ (0.60) $ (0.52) $ (0.63) $ (0.08) $ 0.25 $ 0.35 $ 0.24
* For all periods presented, weighted-average dilutive shares utilized for computing Non-GAAP net income (loss) per share was equal to GAAP with the exception of Q4 2016. Shares of
146.3 million in Q4 2016 included 5.2 million of potentially dilutive common shares that would have been anti-dilutive for computing GAAP net loss per share.