{ "docId": "019de516-876e-705d-998e-9b37bd6b7040", "docSlug": "7adb5db745e2a87dce17b2dd3d14559c", "documentTitle": "Jamf | Investor Presentation Deck | 33 slides", "authorId": "jamf", "authorName": "Jamf", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 24, "pageCount": 33, "prevPage": 23, "nextPage": 25, "slideType": "traction", "function": "show_traction", "density": "dense", "nDataPoints": 42, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de516-876e-705d-998e-9b37bd6b7040/24", "deckHref": "/decks/019de516-876e-705d-998e-9b37bd6b7040", "deckJsonHref": "/decks/019de516-876e-705d-998e-9b37bd6b7040.json", "deckAnchorHref": "/decks/019de516-876e-705d-998e-9b37bd6b7040#slide-24", "components": [ { "bbox": { "h": 0.46, "w": 0.92, "x": 0.04, "y": 0.32 }, "kind": "chart", "text": "Free Cash Flow, Unlevered Free Cash Flow, and Non-GAAP Operating Income from 2020 to Q2 2023, with corresponding % of Total Revenue.", "attrs": { "chart_type": "grouped bar", "data_points": [ { "period": "2020", "Free Cash Flow": 48, "Unlevered Free Cash Flow": 66, "Non-GAAP Operating Income": 27 }, { "period": "2021", "Free Cash Flow": 55, "Unlevered Free Cash Flow": 66, "Non-GAAP Operating Income": 20 }, { "period": "2022", "Free Cash Flow": 82, "Unlevered Free Cash Flow": 88, "Non-GAAP Operating Income": 26 }, { "period": "TTM 6/30/2022", "Free Cash Flow": 36, "Unlevered Free Cash Flow": 48, "Non-GAAP Operating Income": 15 }, { "period": "TTM 6/30/2023", "Free Cash Flow": 54, "Unlevered Free Cash Flow": 67, "Non-GAAP Operating Income": 27 }, { "period": "Q2 2021", "Free Cash Flow": 32, "Unlevered Free Cash Flow": 33, "Non-GAAP Operating Income": 8 }, { "period": "Q2 2022", "Free Cash Flow": 18, "Unlevered Free Cash Flow": 19, "Non-GAAP Operating Income": 5 }, { "period": "Q2 2023", "Free Cash Flow": 11, "Unlevered Free Cash Flow": 13, "Non-GAAP Operating Income": 6 } ], "series_names": [ "Free Cash Flow", "Unlevered Free Cash Flow", "Non-GAAP Operating Income" ], "x_axis_label": "Period", "y_axis_label": "($ in millions)" }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a024e11c-e823-4561-bfba-af720a06e0f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.102, "w": 0.899, "x": 0.048, "y": 0.84 }, "kind": "source-note", "text": "(1) Free cash flow is a non-GAAP metric and is defined as net cash provided by (used in) operating activities less cash paid for purchases of equipment and leasehold improvements. See appendix for reconciliation of GAAP to non-GAAP measures.\n(2) Unlevered free cash flow is a non-GAAP metric and is defined as free cash flow plus cash paid for interest, cash paid for acquisition-related expense, cash paid for system transformation costs, cash paid for contingent consideration, and cash paid for legal settlement. See appendix for reconciliation of GAAP to non-GAAP measures.\n(3) Non-GAAP operating income is a non-GAAP metric and is adjusted for amortization expense, stock-based compensation expense, acquisition-related expense, acquisition-related earnout, offering costs, payroll taxes related to stock-based compensation, system transformation costs, and legal settlement. See appendix for reconciliation of GAAP to non-GAAP measures.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e4f47770-8fdf-4724-b86a-1acb2ca179ad", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.91, "x": 0.048, "y": 0.76 }, "kind": "table", "text": "% of Total Revenue for Free Cash Flow, Unlevered Free Cash Flow, and Non-GAAP Operating Income from 2020 to Q2 2023.", "attrs": { "rows": [ { "Period": "2020", "Free Cash Flow %": "18%", "Unlevered Free Cash Flow %": "25%", "Non-GAAP Operating Income %": "10%" }, { "Period": "2021", "Free Cash Flow %": "15%", "Unlevered Free Cash Flow %": "18%", "Non-GAAP Operating Income %": "6%" }, { "Period": "2022", "Free Cash Flow %": "17%", "Unlevered Free Cash Flow %": "18%", "Non-GAAP Operating Income %": "5%" }, { "Period": "TTM 6/30/2022", "Free Cash Flow %": "9%", "Unlevered Free Cash Flow %": "11%", "Non-GAAP Operating Income %": "4%" }, { "Period": "TTM 6/30/2023", "Free Cash Flow %": "10%", "Unlevered Free Cash Flow %": "13%", "Non-GAAP Operating Income %": "5%" }, { "Period": "Q2 2021", "Free Cash Flow %": "37%", "Unlevered Free Cash Flow %": "38%", "Non-GAAP Operating Income %": "9%" }, { "Period": "Q2 2022", "Free Cash Flow %": "16%", "Unlevered Free Cash Flow %": "17%", "Non-GAAP Operating Income %": "4%" }, { "Period": "Q2 2023", "Free Cash Flow %": "8%", "Unlevered Free Cash Flow %": "10%", "Non-GAAP Operating Income %": "4%" } ], "columns": [ "Period", "Free Cash Flow %", "Unlevered Free Cash Flow %", "Non-GAAP Operating Income %" ] }, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c59587d6-a20a-4de9-b81f-1bdd5b1b4d98", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.775, "x": 0.113, "y": 0.146 }, "kind": "title", "text": "Maintaining Profitability while Investing for Growth", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "54408c52-00ff-4592-9388-00fe89f5e0ed", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.018, "w": 0.69, "x": 0.156, "y": 0.276 }, "kind": "title", "text": "Free Cash Flow, Unlevered Free Cash Flow, and Non-GAAP Operating Income", "attrs": {}, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b40e95e5-3c41-411a-9df9-c0ffef5df6cc", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [ { "to": 25, "from": 20, "name": "Quick Win Big Bet", "slug": "47-quick-win-big-bet", "bestFor": "Transformation planning, 100-day plans, resource allocation", "matchId": "f2fe5ad9-5726-44f5-98c7-7cbdb709fb80", "evidence": "Slides 20-25 discuss investment highlights and business model", "position": 1, "objective": "Jamf's growth strategy and investment highlights", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "confidence": 0.6, "description": "Separate initiatives into immediate wins and longer-term strategic bets" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }