XPERI Q1 2021 INVESTOR DECK May 5, 2021 Safe Harbor This document contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Xperi Holding Corporation's (the "Company") current expectations, estimates and projections about the Company's financial results, forecasts, and business outlook, the benefits o ...

Financial Data and Key Metrics Changes - Revenue for Q1 2021 was $221.6 million, aligning with expectations, and non-GAAP EPS was $0.59, indicating a strong start to the year [8][30] - Operating cash flow was $26.7 million, up 124% year-over-year, and adjusted free cash flow was $29.7 million, up 84% year-over-year [8][34] - The company repurchased $25 million of stock during the quarter, with a total of $95 million spent to repurchase 6 million shares since the merger [9][32] Business Line Data and Key Metrics Changes - IP licensing revenue in Q1 was $98 million, with media IP revenue increasing over 30% year-over-year, driven by renewals with major companies [11][12] - Product revenue was $123.6 million, down 13% year-over-year, primarily due to minimum guarantees taken in Q1 of the previous year [16] - Connected car revenue was $20 million, up 16% year-over-year, reflecting a return to stronger automotive sales [21] Market Data and Key Metrics Changes - Pay TV revenue was $52.3 million, down 16% year-over-year, attributed to subscriber churn and a shift in revenue allocation to the IP business [25] - The company expects the lowest pay TV revenue quarter of the year, with a shift towards IP TV expected to partially offset subscriber declines [26] Company Strategy and Development Direction - The company aims for mid-single digits to low teens CAGR for the product business and mid to high single digits for the IP business over the next four years [10][76] - Strategic initiatives include expanding the TiVo stream footprint, enhancing IMAX ecosystems, and advancing discussions with key OEM partners [10][20] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the cash flow outlook and long-term prospects despite global semiconductor supply chain issues [9][35] - The company expects revenue for the year to be in the range of $860 million to $900 million, with Q4 anticipated to be the strongest quarter [35][36] Other Important Information - The company achieved ISO 9001 certification for its car safety systems, marking a significant milestone [25] - The integration of legacy IP businesses post-merger has resulted in a stronger combined IP business [13] Q&A Session Summary Question: Insights on IP baseline and potential growth - Management expressed confidence in the pipeline for IP growth areas, including OTT, Canadian pay-TV, and semi IP, but noted timing remains uncertain [41][44] Question: Outlook for pay-TV and IPTV business - Management indicated that the pace of IPTV adoption is improving, with expectations for meaningful growth in the future [46][49] Question: Impact of supply constraints on business - Management acknowledged mixed feedback from customers regarding supply constraints but indicated it has not materially impacted business beyond expectations [56][58] Question: Details on IMAX Enhanced integration - Initial relevance of IMAX Enhanced will be in North America, with more details to be shared closer to the launch [61] Question: Timeline for product market entry - Management expects products to be in the marketplace by early next year, with ongoing technical development on schedule [64] Question: Future growth expectations for product business - Management anticipates growth in the product business beyond 2021, with a strong execution plan in place [73][76] Question: Timeline for IP spin-out - Management confirmed the expected timeframe for the IP spin-out remains in the first half of 2022, with more details to be provided later [77]

Xperi Holding Corporation (NYSE:XPER) Q4 2020 Earnings Conference Call February 23, 2021 5:00 PM ET Company Participants Geri Weinfeld - VP, IR Jon Kirchner - CEO Robert Andersen - CFO Samir Armaly - President, IP Licensing Conference Call Participants Matthew Galinko - Sidoti Eric Wold - B. Riley Hamed Khorsand - BWS Financial Mitch Steves - RBC Capital Markets Richard Shannon - Craig-Hallum Brett Hendrickson - Nokomis Capital Operator Good day, ladies and gentlemen. Thank you for standing by and welcome t ...

Xperi Holding Corporation (NYSE:XPER) Q3 2020 Earnings Conference Call November 9, 2020 5:00 PM ET Company Participants Geri Weinfeld – Vice President of Investor Relations Jon Kirchner – Chief Executive Officer Robert Andersen – Chief Financial Officer Samir Armaly – President, IP Licensing Conference Call Participants Eric Wold – B. Riley Securities Richard Shannon – Craig-Hallum Capital Group Mitch Steves – RBC Hamed Khorsand – BWS Financial Matthew Galinko – Sidoti Operator Good day, ladies and gentleme ...

XPERI Q3 2020 INVESTOR DECK November 9, 2020 Safe Harbor This document contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Xperi Holding Corporation's (the "Company") current expectations, estimates and projections about the Company's financial results, forecasts, and business outlook, the benef ...

Xperi Holding Corporation (NYSE:XPER) Q2 2020 Earnings Conference Call August 10, 2020 5:00 PM ET Company Participants Geri Weinfeld - Vice President of Investor Relations Jon Kirchner - Chief Executive Officer Robert Andersen - Chief Financial Officer Samir Armaly - President of IP Licensing Conference Call Participants Eric Wold - B. Riley Richard Shannon - Craig-Hallum Mitch Steves - RBC Capital Markets Matthew Galinko - Sidoti Operator Good day ladies and gentlemen. Thank you for standing by. Welcome to ...

XPERI Q2 2020 INVESTOR PRESENTATION August 10, 2020 Safe Harbor This document contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Xperi Holding Corporation's (the "Company") current expectations, estimates and projections about the Company's financial results, forecasts, and business outlook, th ...

Xperi Corporation (NYSE:XPER) Q1 2020 Earnings Conference Call May 6, 2020 5:00 PM ET Company Participants Geri Weinfeld - VP, IR Jon Kirchner - CEO Robert Andersen - EVP & CFO Conference Call Participants Richard Shannon - Craig-Hallum Mitchell Steves Steves - RBC Capital Markets Eric Wold - B. Riley FBR Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Xperi First Quarter 2020 Earnings Conference Call. During today's presentation all parties will be in a listen only mo ...

XPERI ¥ TIVO® TRANSACTION UPDATE May 6, 2020 2 Important Information and Where to Find It In connection with the proposed transaction, Holdco has filed with the Securities and Exchange Commission ("SEC"), and the SEC has declared effective on April 22, 2020, a registration statement on Form S-4 (File No. 333-236492) that includes a joint proxy statement of Xperi and TiVo and that also constitutes a prospectus of Holdco ("Joint Proxy Statement/Prospectus"). Xperi, TiVo and Holdco may also file other document ...