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Copyright 2012. Investor Presentation Spring 2012
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Copyright 2012.
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/.
QPSA 2
Investment Highlights
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§ #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.
§ $36.8 million revenue in 2011 (a non-‐GAAP financial measure)4.
§ Significantly undervalued compared to social media peers.
1comScore US, Feb. 2012. myYearbook vs. Tagged and Badoo. 2Google Analy<cs, combined myYearbook + Quepasa Combined Q4 web and mobile page views. 3Android Market Top Grossing Social Apps on 3/26/2012. 4Combined myYearbook and Quepasa 2011 revenue (a non-‐GAAP financial measure). Reconcilia<on available at: hCp://www.quepasacorp.com/news-‐room/quepasa-‐corpora<on-‐reports-‐record-‐fourth-‐quarter-‐and-‐full-‐year-‐2011-‐results/.
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November 2011 Merger with myYearbook Creates Leading Social Network for Mee$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.
Four Categories of Social Networking
QPSA 5
Copyright 2012.
Category-‐Leading Engagement
QPSA 6
Source: comScore US, Year to Date Monthly Data, including average of January 2012 and February 2012.
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Leader In Fast-‐Growing Mobile Market
QPSA 7
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 $2.5 mobile ad revenue in 2011E0. 2 Rankings based on Google Play (formerly Android Market) rankings of Apps-‐>Social-‐>Top-‐Grossing on 3/26/2012.
Copyright 2012.
Global Opportunity
QPSA 8
1comScore Dec. 2011. “It’s a Social World.” Reflects social networking now reaches 1.2 billion users, 82% of the online popula<on. 2comScore Feb. 2012. Analysis of Unique Visitors.
Catalysts
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§ Early May: 1Q Financial Results Reported. First full quarter of combined opera<ons since merger closed.
§ May/June: Facebook IPO expected to bring aCen<on to the social media landscape.
§ Mobile: – New virtual currency & mobile mone<za<on products. – Launch of Social Theater (incented video adver<sing). – Ini<al results from virtual currency launch on iOS. Currently the #1 Top Grossing
Social App on Android.
– Interna<onal launch of mobile app.
§ Summer: Rebranding to MeetMe.
§ Fall/Winter: Global Expansion into 6 languages on web and mobile.
Copyright 2012.
Valua$on Comparison – Social Media Peers
QPSA 10
Company Ticker Market Capitaliza$on
2011A 2012E 2013E
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
Angie's 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.
Appendix
QPSA 11
Copyright 2012.
Stock Informa$on, as of April 19, 2012
QPSA 12
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.
Investment Highlights
Copyright 2012. QPSA 13
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/.
§ #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.
