Copyright 2012.
First Quarter 2012 Earnings Call May 3, 2012
Copyright 2012. QPSA 2
Cautionary Note Regarding Forward Looking Statements Certain statements in this presentation and responses to various questions includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained herein, including statements regarding the continued growth in our core platform, are forward-looking statements. 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-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, 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 functionality of our mobile application with popular mobile operating systems, any changes in such operating systems that degrade our mobile application’s functionality 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 Latin America and globally. Further information 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 time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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Key Metrics
Q4 2011 results reflect myYearbook as of the merger date of November 10, 2011.
34 38 40
78 82
-‐
10
20
30
40
50
60
70
80
90
Q1 20
11
Q2 20
11
Q3 20
11
Q4 20
11
Q1 20
12
Registered Users (Millions)
Registered Users (Millions)
(Millions)
63 48
30
192
337
-‐
50
100
150
200
250
300
350
400
Q1 20
11
Q2 20
11
Q3 20
11
Q4 20
11
Q1 20
12
Visits (Millions)
Visits (Millions)
(Millions)
605 583 579
5,432
9,558
-‐
2,000
4,000
6,000
8,000
10,000
12,000
Q1 20
11
Q2 20
11
Q3 20
11
Q4 20
11
Q1 20
12
Pageviews (Millions)
Pageviews (Millions)
(Millions)
Copyright 2012. QPSA 4
Q4 2011 results reflect myYearbook as of the merger date of November 10, 2011.
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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.
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Q4 2011 results reflect myYearbook as of the merger date of November 10, 2011.
March 31, 2012
Per Basic Share
Per Diluted Share
March 31, 2011
Per Basic Share
Per Diluted Share
December 31, 2011
Per Basic and Diluted
Share
Net loss allocable to common shareholders (1,858,658)$ (0.05)$ (0.05)$ (1,517,001)$ (0.10)$ (0.07)$ (5,457,271)$ (0.20)$ Interest expense 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 impairment 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 24,437,565
QUEPASA CORPORATION AND SUBSIDIARIESReconciliation of GAAP Net Income (Loss) to Adjusted EBITDA
For the Three Months Ended For the Three Months Ended For the Three Months Ended
Copyright 2012.
Con.nued Growth in Core-‐Pla8orm
QPSA 7
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.
Mobile Revenue Growing Nicely Off Small Base
QPSA 8
1 Mobile revenue refers to mobile adverNsing and mobile virtual currency revenue