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OFFON

DOUBLEVERIFY HOLDINGS, INC.

(DV)
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Earnings Call Slides Q3 2021

11/09/2021 | 04:18pm EST

Q3 2021 Earnings Call

November 9, 2021

0

Disclaimer

This presentation contains "forward-looking statements" that are based on management's beliefs and assumptions and on information currently available to management. These forward- looking statements include, but are not limited to, statements about our plans, objectives, expectations and intentions and other statements contained herein that are not historical facts. When used herein, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "will," "should," "could," "estimates" and similar expressions are generally intended to identify forward-looking statements. In particular, statements about the markets in which we operate, including growth of our various markets, and statements about our expectations, beliefs, plans, strategies, objectives, prospects, assumptions or future events or performance contained in this presentation are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievement to be materially different from any projected results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements represent the beliefs and assumptions of DoubleVerify Holdings, Inc. (the "Company") only as of the date of this presentation, and we undertake no obligation to update or revise, or to publicly announce any update or revision to, any such forward-looking statements, whether as a result of new information, future events or otherwise. As such, the Company's results may vary from any expectations or goals expressed in, or implied by, the forward-looking statements included in this presentation, possibly to a material degree.

We cannot assure you that the assumptions made in preparing any of the forward-looking statements will prove accurate or that any long-term financial or operational goals or targets will be realized. For a discussion of some of the risks, uncertainties and other factors that could cause the Company's results to differ materially from those expressed in, or implied by, the forward- looking statements included in this presentation, you should refer to the ''Risk Factors'' and ''Management's Discussion and Analysis of Financial Condition and Results of Operations'' sections in the Company's 10-Q filed with the SEC on November 9, 2021.

In addition to disclosing financial results that are determined in accordance with U.S. generally accepted accounting principles ("GAAP"), the Company also discloses in this presentation certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted EBITDA less Capital Expenditures. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of the Company's core business and for understanding and evaluating trends in the Company's operating results on a consistent basis by excluding items that we do not believe are indicative of the Company's core operating performance. These non-GAAP financial measures have limitations as analytical tools, and are presented for supplemental purposes and should be considered in addition to, and not in isolation or as substitutes for an analysis of the Company's results as reported under GAAP. In addition, other companies in the Company's industry may calculate these non-GAAP financial measures differently than the Company does, limiting their usefulness as a comparative measure. You should compensate for these limitations by relying primarily on the Company's GAAP results and using the non-GAAP financial measures only supplementally. A reconciliation of these measures to the most directly comparable GAAP measures is included at the end of this presentation.

In addition, this presentation contains industry and market data and forecasts that are based on our analysis of multiple sources, including publicly available information, industry publications and surveys, reports from government agencies, reports by market research firms and consultants and our own estimates based on internal company data and management's knowledge of and experience in the market sectors in which the Company competes. While management believes such information and data are reliable, we have not independently verified the accuracy or completeness of the data contained in these sources and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this presentation.

1

Strong Third Quarter Results

Total Revenue Growth

+36%

year-over-year

growth $83.1M

$61.0M

Q3 2020

Q3 2021

Adjusted EBITDA Growth and Margin

+82%

year-over-year

growth

$26.4M

$14.5M32%

MARGIN

24%

MARGIN

Q3 2020

Q3 2021

2

Broad-based Third Quarter Revenue Growth

Key Drivers

Programmatic

3Q '21 TOTAL REVENUE GROWTH OF 36%

Direct

Supply Side

Authentic Brand Suitability

Social

CTV

Global Expansion

New Partnerships

+49%

year-over-

year growth $41.9M

$28.0M

Q3 2020

Q3 2021

+23%

year-over-

year growth

$34.1M

$27.6M

Q3 2020

Q3 2021

+32%

year-over-

year growth

$7.1M

$5.4M

Q3 2020

Q3 2021

3

Strong YTD (Nine Months) 2021 Performance

YTD RevenueYTD Adj. EBITDA

+37%

+52%

year-over-year

year-over-year

growth

growth

$83.1M

$76.5M

$67.6M

Q1 2021

Q2 2021

Q3 2021

$26.4M

$21.7M

$21.2M

Q1 2021

Q2 2021

Q3 2021

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

DoubleVerify Holdings Inc. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 21:16:06 UTC.


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Financials (USD)
Sales 2021 328 M - -
Net income 2021 18,1 M - -
Net cash 2021 307 M - -
P/E ratio 2021 199x
Yield 2021 -
Capitalization 3 866 M 3 866 M -
EV / Sales 2021 10,8x
EV / Sales 2022 8,13x
Nbr of Employees 633
Free-Float -
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Technical analysis trends DOUBLEVERIFY HOLDINGS, INC.
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 10
Last Close Price 23,05 $
Average target price 38,50 $
Spread / Average Target 67,0%
EPS Revisions
Managers and Directors
Mark S. Zagorski Chief Executive Officer & Director
Nicola Allais Chief Financial Officer
R. Davis Noell Chairman
Nisim Tal Chief Technology Officer
Matthew McLaughlin Chief Operating Officer
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