{ "docId": "019de518-72a5-7349-957b-bf66a2ea9bc2", "docSlug": "9667f71a59529a47fd0e1fd62c9b54f0", "documentTitle": "Grindr | Investor Day Presentation Deck | 130 slides", "authorId": "grindr", "authorName": "Grindr", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 130, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "front_matter", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-72a5-7349-957b-bf66a2ea9bc2/2", "deckHref": "/decks/019de518-72a5-7349-957b-bf66a2ea9bc2", "deckJsonHref": "/decks/019de518-72a5-7349-957b-bf66a2ea9bc2.json", "deckAnchorHref": "/decks/019de518-72a5-7349-957b-bf66a2ea9bc2#slide-2", "components": [ { "bbox": { "h": 0.42, "w": 0.94, "x": 0.03, "y": 0.33 }, "kind": "paragraph", "text": "Forward-Looking Statements\nThis presentation contains \"forward looking statements\" within the meaning of the \"safe harbor\" provisions of the United States Private Securities Litigation Reform Act of 1995 regarding Grindr's current views with respect to our industry, operations and future business plans, expectations, and performance. These forward-looking statements can generally be identified by the use of forward-looking terminology, such as \"anticipates,\" \"approximately,\" \"believes,\" \"continues,\" \"could,\" \"estimates,\" \"expects,\" \"intends,\" \"may,\" \"outlook,\" \"plans,\" \"potential,\" \"predicts,\" \"seeks,\" \"should,\" \"upcoming,\" \"will\" or the negative version of these words or other comparable words or phrases, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements include statements regarding our strategic priorities; product roadmap; new plans, products, and features; AI-first features; our long term vision and our annual revenue and adjusted EBITDA guidance for 2024 through 2027. These forward-looking statements, including guidance related to annual revenue growth and adjusted EBITDA margin, are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are not guarantees of future performance and are subject to risks and uncertainties that may cause actual results to differ materially from our expectations discussed in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to: (i) our ability to retain existing users and add new users; (ii) the impact of the regulatory environment and complexities with compliance related to such environment, including maintaining compliance with privacy, data protection, and user safety laws and regulations; (iii) our ability to address privacy concerns and protect systems and infrastructure from cyber-attacks and prevent unauthorized data access; (iv) our success in retaining or recruiting our directors, officers, key employees, or other key personnel, and our success in managing any changes in such roles; (v) our ability to respond to general economic conditions; (vi) competition in the dating and social networking products and services industry; (vii) our ability to adapt to changes in technology and user preferences in a timely and cost-effective manner; (viii) our ability to successfully adopt generative AI processes and algorithms into our daily operations, including by deploying generative AI and machine learning into our products and services; (ix) our dependence on the integrity of third-party systems and infrastructure; and (x) our ability to protect our intellectual property rights from unauthorized use by third parties; (xi) whether the concentration of our stock ownership and voting power limits our stockholders' ability to influence corporate matters; and (xi) the effects macroeconomic and geopolitical events on our business, such as health epidemics, pandemics, natural disasters and wars or other regional conflicts. The foregoing list of factors is not exhaustive. Further information on these and additional risks, uncertainties and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this presentation are included in the section titled \"Risk Factors\" included under Part I, Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2023, as amended. Any forward-looking statement speaks only as of the date on which it is made, and you should not place undue reliance on forward-looking statements, and Grindr assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "07da0bdc-66d7-4094-8bdc-cd85bca1bec0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.94, "x": 0.03, "y": 0.93 }, "kind": "paragraph", "text": "No Offer or Solicitation\nThis presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2f638e67-2ae4-4324-8005-cbd2b7865fcc", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.94, "x": 0.03, "y": 0.15 }, "kind": "paragraph", "text": "This presentation and the accompanying oral presentation have been prepared by Grindr Inc. (\"Grindr,\" and together with its subsidiaries, the \"Company\") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by the presenter or the Company or any officer, director, employee, agent or advisor of the Company. This presentation does not purport to be all-inclusive or to contain all of the information you may desire. Information provided in this presentation and the accompanying oral presentation speak only as of the date hereof. Nothing set forth in this presentation should be regarded or relied upon as a representation, warranty or prediction that the Company will achieve or is likely to achieve any particular future result. While the Company is not aware of any misstatements regarding any information in this presentation, neither the Company nor any of its affiliates or representatives makes any representation or warranty, express or implied, as to the accuracy or completeness thereof. Certain information contained in this presentation is based on information released by third party sources. The Company has not independently verified such information. In addition, the Company does not undertake any obligation to update any information or forward-looking statement, or to update the reasons why actual results could differ materially from those anticipated herein, even if new information becomes available in the future. This presentation does not purport to contain all the information or factors that may be required to make a full analysis of the Company. Viewers of this presentation should each make their own evaluation of the Company and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. This presentation may contain estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other data about the Company's industry and results of peer companies. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of the Company's future performance and the future performance of the markets in which the Company competes are necessarily subject to a high degree of uncertainty and risk.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "983276e6-6cde-4ae0-be89-7737da4845c5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.94, "x": 0.03, "y": 0.96 }, "kind": "paragraph", "text": "Trademarks\nThis presentation may contain trademarks, service marks, trade names and copyrights of the Company as well as other companies, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade name or products in this presentation is not intended to, and does not imply, a relationship with the Company, or an endorsement of sponsorship by or of the Company. Solely for convenience, the trademarks, service marks and trade names referred to in this presentation may appear without the®, TM or SM symbols, but such references are not intended to indicate, in any way, that Grindr will not assert, to the fullest extent under applicable law, its rights or the right of the owner or applicable licensor to these trademarks, service marks and trade names.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f4bdaad4-9290-415d-b857-f08222acac9a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.94, "x": 0.03, "y": 0.76 }, "kind": "paragraph", "text": "Non-GAAP Financial Measures\nGrindr uses Adjusted EBITDA and Adjusted EBITDA margin, which are non-GAAP measures, to understand and evaluate our core operating performance. This presentation also includes a discussion of free cash flow and free cash flow conversion, which are non-GAAP measures. These non-GAAP financial measures, which may differ from similarly titled measures used by other companies, are presented to enhance investors' overall understanding of Grindr's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Adjusted EBITDA adjusts for the impact of items that Grindr does not consider indicative of the operational performance of its business. Grindr defines Adjusted EBITDA as net income (loss) excluding income tax provision; interest expense, net; depreciation and amortization; stock-based compensation expense; transaction-related costs; gain (loss) in fair value of warrant liability; and severance expense, litigation-related costs, and other items, in each case that are unrelated to Grindr's core ongoing business operations. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA for a period by revenue for the same period. We define free cash flow as net cash provided by (used in) operating activities less capital expenditures. Free cash flow conversion is calculated by dividing free cash flow by Adjusted EBITDA. Grindr's management uses this measure internally to evaluate the performance of our business, and this measure is one of the primary metrics by which our internal budgets are based and by which management is compensated. Grindr excludes the above items as some are non-cash in nature, and others may not be representative of normal operating results. Adjusted EBITDA adjusts for the impact of items that Grindr do not consider indicative of the operational performance of its business. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA for a period by revenue for the same period. While Grindr believes that Adjusted EBITDA and Adjusted EBITDA Margin are useful in evaluating our business, this information should be considered as supplemental in nature and is not meant as a substitute for the related financial information prepared and presented in accordance with GAAP. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is included in the Appendix to this presentation. We are not able to estimate net income (loss), net income (loss) margin, or net cash provided by (used in) operating activities on a forward-looking basis or reconcile the guidance provided for Adjusted EBITDA margin to net income (loss) margin, free cash flow to net cash provided by (used in) operating activities, or free cash flow conversion to operating cash flow conversion on a forward-looking basis without unreasonable efforts due to the variability and complexity with respect to the charges excluded from Adjusted EBITDA margin, and the variability of the underlying charges could have a potentially unpredictable impact on our future GAAP financial results.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ffefc327-c3e6-4637-a1b2-e1388ffb9354", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.14, "x": 0.03, "y": 0.94 }, "kind": "source-note", "text": "INVESTOR DAY", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fbf45a4f-59b4-47a5-aebc-40fcdfc02b6e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.42, "x": 0.03, "y": 0.07 }, "kind": "title", "text": "Legal Disclosure", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b054ab2a-cd02-4e52-bf02-6a0745729b32", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 4, "from": 1, "beatId": "b507a37c-f63c-4cd0-a1ab-64560d9656dc", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Setup", "beatSlug": "setup", "evidence": "The deck begins with an agenda, disclaimer, and introduction to Grindr's vision and strategy.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }