J2 Global : First Quarter 2021 Presentation

F I R S T Q U A R T E R 2 0 2 1 R E S U L T S M A Y 1 1 , 2 0 2 1

Safe Harbor for Forward-Looking Statements

Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act

of 1995, particularly those regarding our 2021 Financial Guidance. Such forward-looking statements are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in those statements. Readers should carefully review the Risk Factors slide of this presentation. These forward-looking statements are based on management's expectations or beliefs as of May 11, 2021 as well as those set forth in our Annual Report on Form 10-K filed by us on March 1, 2021 with the Securities and Exchange Commission ("SEC") and the other reports we file from time to time with the SEC. We undertake no obligation to revise or publicly release any updates to such statements based on future information or actual results. Such forward-looking statements address the following subjects, among others:

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The form, terms, timing and ability to complete the proposed Fax spin-off transaction Future operating results

Ability to acquire businesses on acceptable terms and integrate and recognize synergies from acquired businesses Deployment of cash and investment balances to grow the company

Subscriber growth, retention, usage levels and average revenue per account Cloud services and digital media growth and continued demand for fax services International growth

New products, services, features and technologies Corporate spending including stock repurchases Intellectual property and related licensing revenues Liquidity and ability to repay or refinance indebtedness Systems capacity, coverage, reliability and security Regulatory developments and taxes

All information in this presentation speaks as of May 11, 2021 and any redistribution or rebroadcast of this presentation after that date is not intended and will not be construed as updating or confirming such information.

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Risk Factors

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The following factors, among others, could cause our business, prospects, financial condition, operating results and cash flows to be materially adversely affected:

• Inability to sustain growth or profitability, and any related impact of U.S. or worldwide economic issues on customer acquisition, retention and usage levels, advertising spend and credit and debit card payment declines
• Inability to acquire businesses on acceptable terms or successfully integrate and realize anticipated synergies
• Reduced use of fax services due to increased use of email, scanning or widespread adoption of digital signatures or otherwise
• Failure to offer compelling digital media content causing reduced traffic and advertising levels; loss of advertisers or reduction in advertising spend; increased prevalence or effectiveness of advertising blocking technologies; inability to monetize handheld devices and handheld traffic supplanting monetized traffic; and changes by our vendors or partners that impact our traffic or publisher audience acquisition and/or monetization
• New or unanticipated costs and/or fees or tax liabilities, including those relating to federal and state income tax and indirect taxes, such as sales, value-added and telecom taxes
• The scope and duration of the COVID-19 pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on our customers, third parties and us, as well as other unforeseen global crises, such as war, strife, global health pandemics, earthquakes, or major weather events or other uncontrollable events could negatively impact our revenue and operating results
• Inability to manage certain risks inherent to our business, such as fraudulent activity, system failure, security breach, or compliance obligations; inability to manage reputational risks associated with our businesses
• Competition from others with regard to price, service, content and functionality
• Inadequate intellectual property (IP) protection, expiration, invalidity or loss of key patents, violations of 3rd party IP rights or inability or significant delay in monetizing IP
• Inability to continue to expand our business and operations internationally
• Inability to maintain required services on acceptable terms with financially stable telecom, co-location and other critical vendors; and inability to obtain telephone numbers in sufficient quantities on acceptable terms and in desired locations
• Level of debt limiting availability of cash flow to reinvest in the business; inability to repay or refinance debt when due; and restrictive covenants relating to debt imposing operating and financial restrictions on business activities or plans
• Inability to maintain and increase our customer base or average revenue per user
• Inability to achieve business or financial results in light of burdensome telecommunications, internet, advertising, health care, consumer, privacy or other regulations
• Inability to adapt to technological change and diversify services and related revenues at acceptable levels of financial return
• Loss of services of executive officers and other key employees
• Inability to complete the proposed Fax spin-off transaction in the proposed form, terms or timing or incurrence of higher than anticipated costs or realization of fewer expected benefits of the proposed transaction

• Other factors set forth in our Annual Report on Form 10-K filed by us on March 1, 2021 with the SEC and the other reports we file from time to time with the SEC

Q1 2021 Consolidated Financial Snapshot

Revenue

(in millions)

	$398.2
$332.4
	$385.6
$313.0
Q1 2020	Q1 2021

PRO FORMA AS REPORTED

Adjusted EBITDA (1)(2)

(in millions)

	$156.3
$116.8
	$151.5
$110.2
Q1 2020	Q1 2021

PRO FORMA AS REPORTED

Adjusted EPS (1)(2)

(in millions)

	$2.18
$1.40
	$2.11
$1.32
Q1 2020	Q1 2021

PRO FORMA AS REPORTED

	(1)	Figures are adjusted non-GAAP; See slide 17 for a reconciliation of the pro-forma adjustments for excluded assets consist of certain Voice assets in Australia and New Zealand that were sold in
4		the third quarter of 2020, certain Voice assets in the United Kingdom that were sold in February 2021, and the certain assets of the Company's B2B Backup business, which it expects to sell
(2)	See slides 12, and 14 for a GAAP to non-GAAP reconciliation of adjusted gross profit, adjusted EBITDA and adjusted earnings per diluted share for the Company

Adjusted EBITDA and Free Cash Flow(1)

1. See slides 13 and 14 for a GAAP reconciliation of Free Cash Flow and adjusted EBITDA
2. Figures are adjusted non-GAAP

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