Updated MeetMe Spring 2013 Investor Presentation

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Spring 2013 Investor Presentation

Transcript of Updated MeetMe Spring 2013 Investor Presentation

Page 1: Updated MeetMe Spring 2013 Investor Presentation

Spring 2013Investor Presentation

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Cautionary Note Regarding Forward Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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: The emergence of the social discovery category, anticipated growth of the mobile market, including prospective mobile device adoption, use and revenue, our ability to monetize our mobile offerings, our ability to launch a new products and features, our ability to roll-out feed advertising, issues that affect the functionality of our mobile application with popular mobile operating systems and other unexpected issues which could adversely affect usage on mobile devices, the effectiveness of our mobile software on smartphones and tablets, the willingness of our users to purchase virtual credits on their mobile devices and the willingness of users to try new product offerings, the risk that unanticipated events affect the internationalization of our mobile products, and the acceptance of our new brand internationally. 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, 2012 and the Current Report on Form 8-K filed with the SEC on May 1, 2013. 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. Regulation G – Non-GAAP Financial Measures This presentation includes a discussion of Quepasa and myYearbook combined company revenues and Adjusted EBITDA from continuing operations which are non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided on the Investor Relations section of the MeetMe corporate website at http://www.meetmecorp.com/investors/non-gaap/.

© 2013, MeetMe, Inc.

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Ticker: MEET

Exchange: NYSE MKT

Current Share Price: $1.65

Market Capitalization: $62.91M

Insider Ownership: 48%

Investment Highlights

#1 most visited social network for meeting new people in the US.1

#1 Top Grossing Social App on Android.2

150% growth in mobile revenue in Q1 2013 vs. Q1 2012.

34% growth in mobile daily active users in Q1 2013 vs. Q1 2012.

Addressable market of over 1.5 billion people globally.

1comScore US, March 2013. MeetMe vs. Tagged and Badoo.2Android Market Top Grossing Social App as of May 6, 2013.

Stock information source: Yahoo! Finance, May 29, 2013.

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Our mission is to build the leading social network for meeting new people.

We are the digital coffeehouse, a re-imagination of the bar, a social gathering place. We intend to transform the way people meet in a mobile-first world.

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Pioneering the Next Category of Social Networking: Social Discovery

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What is Social Discovery?

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MeetMe is available on iOS, Android, and tablet

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Focused on the Fastest-Growing Segment of MobileApps projected by Forrester to be $50 billion a year business by 20151

1http://www.forrester.com/Mobile+App+Internet+Recasts+The+Software+And+Services+Landscape/fulltext/-/E-RES58179?objectid=RES58179 and http://www.slideshare.net/avinash.raghava/forrester-8840580. Chart Source: http://www.businessinsider.com/mary-meeker-2012-internet-trends-year-end-update-2012-12#-17

Source: Gartner, eMarketer, Strategy Analytics, CAGR is compound annual growth rate. Note: Apple has paid >$6.5N $’s to developers as of 9/12, implying gross app market revenue > $9B in 4 years: Google indicated during CQ3 earnings call that it expects $8.0B mobile ad revenue in 2012E, up from $2.5B in 2011.

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Leader in Mobile Monetization

Footnote: Facebook’s Mobile ARPDAU is an estimate based on Facebook’s Total DAU to Total MAU ratio. Average Revenue Per Daily Active User (ARPDAU) is calculated by dividing average daily mobile revenue by the average daily active users (DAUs) for mobile.

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1H 2013 Mobile Initiatives

Launched MeetMe+ Mobile Subscription Service– Drives added value to users through enhanced abilities in the app

Launched native feed ads– Partnered with Flurry, Tapjoy, and Hooked to deliver native feed ads into MeetMe’s

popular mobile news feed

Launched additional freemium products– MeetMe users can now use their virtual currency, MeetMe credits, to unmask

questions in the popular AskMe app or Go Stealth when viewing photos and profiles

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Dramatic Mobile Revenue Growth

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Mobile Traffic Growth

DAU charts refer to total DAU of MeetMe, previously myYearbook.

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Smart phone and tablet usage are still in their infancy

Source: eMarketer, Piper Jaffray.

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Top Mobile Activities(Ranked by Share of Mobile Time, Aug, 2012)

0.9%

2.8%

3.3%

4.4%

5.3%

5.5%

10.2%

14.1%

0.0% 5.0% 10.0% 15.0%

Camera

Maps/Location Apps

Browser

Music

Email/IM

Dialer

Social Networks

Text

Social and Mobile are Converging

Source: NielsenSource: eMarketer, Piper Jaffray

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Financial HighlightsQ1 2013

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Q1 Highlights

Q1 ‘13 Mobile MeetMe Platform revenue grew 150% from Q1 ’12 to $1.9M

27% of MeetMe Platform revenue from mobile in Q1 ’13

Launch of Mobile Subscription product, MeetMe+, on iPhone and Android

Subsequent to quarter-end, MeetMe closed on a line of credit from Western Technology Investment (WTI)

Avg. Revenue per Daily Active User (ARPDAU) represents MeetMe Platform mobile revenue divided by average daily active users (DAUs) for mobile.

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Q1 2013 Financial Summary

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Full Year 2012 Financial Summary

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Balance Sheet

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MeetMe Platform MAU

MAU charts refer to total MAU of MeetMe, previously myYearbook.

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We are closing the mobile monetization gap: Mobile App Revenue

– Deep pipeline of premium, subscriber- only features validated through survey of over 20,000 users

– New subscription-based products and new freemium products launched Q1; additional features and products launched Q2

– Mobile users are 5-10x more likely to pay for virtual currency than a web user

Mobile Ad Revenue– Native feed advertising and new

advertising units launched Q1, enhancements Q2

Avg. Revenue per Daily Active User (ARPDAU) represents MeetMe Platform web and mobile revenue divided by average daily active users (DAUs) for web and mobile. Results presented above include data from prior to the merger of Quepasa with myYearbook on November 10, 2011.

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MEET Investment Highlights

#1 most visited social network for meeting new people in the US.1

#1 Top Grossing Social App on Android.2

150% growth in mobile revenue in Q1 2013 vs. Q1 2012.

34% growth in mobile daily active users in Q1 2013 vs. Q1 2012.

Addressable market of over 1.5 billion people globally.

1comScore US, March 2013. MeetMe vs. Tagged and Badoo.2Android Market Top Grossing Social App as of May 6, 2013.

Stock information source: Yahoo! Finance, May 29, 2013.

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