Morgan Stanley Australian Emerging Companies Conference Presentation
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ASX ANNOUNCEMENT 11 June 2019 Morgan Stanley Australian Emerging Companies Conference Presentation Life360, Inc. (Life360 or the Company) (ASX: 360) will deliver a presentation to the Morgan Stanley Australian Emerging Companies Conference on 12 June 2019 in Sydney. Chief Financial Officer Wendell Laidley will be presenting the materials attached. Business Update and Outlook On the back of strong growth in 2018, and having completed its ASX IPO listing on 10 May 2019, Life360 is pleased with its progress toward achieving the full-year 2019 Prospectus forecast expectations. The Company remains focused on expanding its base of monthly active users (MAU), improving retention rates, delivering increased conversion rates to paid, and pursuing continued expansion of its average revenue per user (ARPU) and direct average revenue per paying circle (ARPPC). During the first half of 2019, Life360 completed the release of a significant product upgrade for its entire worldwide user base. The Company has also launched its Allstate lead generation partnership targeting usage-based auto insurance with pleasing early results. During May 2019, Life360 collected more than 16 billion miles of driving data, which it believes represents the largest source of consumer driving data in the world. In the second half of 2019, Life360 is focused on growth initiatives including delivering releases of several significant new products, which together with other initiatives, are expected to contribute meaningfully to annualised monthly revenue (AMR) exiting 2019. About Life360 Life360 operates a platform for today’s busy families, bringing them closer together by helping them better know, communicate with and protect the people they care about most. The Company’s core offering, the Life360 mobile app, is a market leading app for families, with features that range from communications to driving safety and location sharing. Life360 is based in San Francisco and has more than 20 million monthly active users (MAU) located in more than 160 countries. Contacts For investor enquiries: For media enquiries: Jolanta Masojada, +61 417 261 367, Jim Kelly, +61 412 549 083 [email protected] Courtney Howe, +61 404 310 364 Life360’s CDIs are issued in reliance on the exemption from registration contained in Regulation S of the US Securities Act of 1933 (Securities Act) for offers of securities which are made outside the US. Accordingly, the CDIs, have not been, and will not be, registered under the Securities Act or the laws of any state or other jurisdiction in the US. As a result of relying on the Regulation S exemption, the CDIs are ‘restricted securities’ under Rule 144 of the Securities Act. This means that you are unable to sell the CDIs into the US or to a US person who is not a QIB for the foreseeable future except in very limited circumstances until after the end of the restricted period, unless the re-sale of the CDIs is registered under the Securities Act or an exemption is available. To enforce the above transfer restrictions, all CDIs issued bear a FOR Financial Product designation on the ASX. This designation restricts any CDIs from being sold on ASX to US persons excluding QIBs. However, you are still able to freely transfer your CDIs on ASX to any person other than a US person who is not a QIB. In addition, hedging transactions with regard to the CDIs may only be conducted in accordance with the Securities Act. Life360, Inc. | ARBN 629 412 942 | 539 Bryant St, Suite 402, San Francisco, CA 94107 | investors.life360.com Page 1 A membership service for modern families Wendell Laidley, Chief Financial Officer This document dated 11 June 2019 has been prepared assessment of the Company and conduct its own prospective investor or purchaser may require in in this document to reflect any change in expectations in by Life360, Inc. (Company) and is provided for investigations and analysis. Investors should assess their evaluating a possible investment in the Company or relation to any forward looking statements or any information purposes only. This document does not own individual financial circumstances and consider acquisition of shares in the Company. To the maximum change in events, conditions or circumstances on which constitute an offer, invitation, solicitation or talking to a financial adviser, professional adviser or extent permitted by law, each Limited Party expressly any such statement is based. recommendation with respect to the purchase or sale of consultant before making any investment decision. disclaims any and all liability, including, without any security in the Company nor does it constitute limitation, any liability arising out of fault or negligence, Past performance is not indicative of future performance financial product advice. This document is not a Statements and information in this document are current for any loss arising from the use of or reliance on and no guarantee of future returns is implied or given. prospectus, product disclosure statement or other offer only as at 11 June 2019 and the information in this information contained in this document including Nothing contained in this document nor any information document Australian law or under any other law. This document remains subject to change without notice. The representations or warranties or in relation to the made available to you is, or shall be relied upon as, a document has not been filed, registered or approved by information contained in this document is for accuracy or completeness of the information, promise, representation, warranty or guarantee as to the regulatory authorities in any jurisdiction. information purposes only and is an overview and does statements, opinions, forecasts, reports or other matters, past, present or the future performance of the Company. not contain all information necessary to make an express or implied, contained in, arising out of or derived No Limited Party or any other person makes any By reading this document you agree to be bound by the investment decision or that would be required in a from, or for omissions from, this document including, representation, or gives any assurance or guarantee that limitations set out in this document. prospectus or product disclosure statement prepared in without limitation, any financial information, any the occurrence of the events expressed or implied in any accordance with the requirements of the Corporations estimates or projections and any other financial forward looking statements in this document will occur. This document and the information contained within it is Act 2001 (Cth) (Corporations Act). The information information derived therefrom. strictly confidential and is intended for the exclusive contained in this document is of a general nature and benefit of the persons to whom it is given. It may not be does not purport to be complete or verified by the Certain statements in this document constitute forward reproduced, disseminated, quoted or referred to, in Company or any other person. The Company has no looking statements and comments about future events, whole or in part, without the express written consent of responsibility or obligation to inform you of any matter including the Company's expectations about the the Company. By receiving this document, you agree to arising or coming to its notice, after the date of this performance of its businesses. Such forward looking keep the information confidential, not to disclose any of document, which may affect any matter referred to in statements involve known and unknown risks, the information contained in this document to any other this document. uncertainties, assumptions and other important factors, person and not to copy, use, publish, record or many of which are beyond the control of the Company reproduce the information in this document without the While reasonable care has been taken in relation to the and which may cause actual results, performance or prior written consent of the Company, which may be preparation of this document, none of the Company or achievements to differ materially from those expressed withheld in its absolute discretion. its directors, officers, employees, contractors, agents, or or implied by such statements. Forward looking advisers nor any other person (Limited Party) guarantees statements are provided as a general guide only, and The information contained in this document is not or makes any representations or warranties, express or should not be relied on as an indication or guarantee of intended to be relied upon as advice or a implied, as to or takes responsibility for, the accuracy, future performance. Given these uncertainties, recommendation to investors and does not take into reliability, completeness or fairness of the information, recipients are cautioned to not place undue reliance on account the investment objectives, financial situation, opinions, forecasts, reports, estimates and conclusions any forward looking statement. Subject to any continuing taxation situation or needs of any particular investor. An contained in this document. No Limited Party represents obligations under applicable law the Company disclaims investor must not act on the basis of any matter or warrants that this document is complete or that it any obligation or undertaking to disseminate any contained in this document but must make its own contains all information about the Company that a updates or revisions to any forward looking statements 2 1 Company and business model overview 2 Summary 3 Q&A 4 Appendix 3 Section 1 Capitalisation and key metrics Note: Market data as at 7 June 2019. (1) Converted to AUD at indicative exchange rate of AUDUSD 0.70. (2) AMR as at December 2018 excludes revenue generated from the Allstate proof of concept trial. 5 Our audience Our business Our team >20m >579k >US$200m Monthly Active Users paying families total funding (MAU) (referred to as Paying Circles) to date >10 US$75m >120 average daily interactions Dec-19F AMR(2) FTEs with our per User(1) >65% YoY growth HQ in San Francisco Our “ My two teenage sons got into a very bad accident on the freeway.