May 24, 2013 10:12 PM ET

Internet Software and Services

Company Overview of Ancestry.com LLC

Company Overview

Ancestry.com Inc. operates as an online family history resource for subscribers worldwide. The company’s subscribers use Web-based services and content collection to research their family histories, build their family trees, collaborate with other subscribers, upload their own records, and publish and share their stories. Its subscribers can search through its collection of various records that cover birth records, marriage and death records, census records, immigration documents, photographs, maps, military records, personal narratives, and newspapers. As of December 31, 2011, the company had 1.7 million paying subscribers. Ancestry.com Inc. was founded in 1983 and is headquartered in Provo...

Detailed Description

360 West 4800 North

Provo, UT 84604

United States

Founded in 1983

Phone:

801-705-7000

Fax:

801-705-7001

www.ancestry.com

Key Executives for Ancestry.com LLC

Chief Executive Officer
Age: 48
Chief Financial Officer
Age: 41
Executive Vice President of Product
Age: 40
Senior Vice President of International
Senior Vice President and General Manager of DNA LLC
Compensation as of Fiscal Year 2012.

Ancestry.com LLC Key Developments

Ancestry.com LLC Completes Term Loan Refinancing

Ancestry.com LLC announced that it has refinanced its Term Loan due December 2018 which had an outstanding balance of approximately $668.3 million immediately prior to the refinancing, for an amended term B loan of approximately $488.3 million due December 2018 and a term A loan of $150 million due May 2018. The Old Term Loan had a floating rate of LIBOR plus 5.75%, subject to a 125 basis point floor. The Term Loan B has a floating rate of LIBOR plus 4.00%, subject to a 125 basis point floor. The Term Loan A has a floating rate of LIBOR plus 3.25%, subject to a 100 basis point floor. Ancestry.com continues to have a $50 million revolving credit facility that matures December 2017.

Ancestry.com LLC Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-22-2013 08:50 AM

Ancestry.com LLC Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-22-2013 08:50 AM. Venue: JW Marriott Chicago, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Howard Hochhauser, Chief Financial Officer, Chief Operating Officer, Principal Accounting Officer and Member of Equity Committee.

Ancestry.com LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Second Quarter of 2013

Ancestry.com LLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Ancestry.com LLC is the parent of and successor to Ancestry.com Inc. Successor company reported total revenues of $123.5 million, loss from operations of $19.6 million, loss before income taxes of $42.2 million, net loss of $21.4 million, adjusted EBITDA of $49 million, investments on purchase of property and equipment of $3.5 million, free cash flow of $50.7 million and non-GAAP revenue of $135.0 million. The predecessor company reported total revenues of $108.5 million, income from operations of $20.1 million, income before income taxes of $20.1 million, net income of $13.5 million, adjusted EBITDA of $31.7 million, investments on purchase of property and equipment of $5.1 million, free cash flow of $14.7 million and non-GAAP revenue of $108.5 million. Non-GAAP revenues increase was driven by growth in core Ancestry.com branded websites revenues, Archives.com revenues and AncestryDNA revenues. The company expects that second quarter of 2013 shaping up to be another good quarter of year-on-year revenue and EBITDA growth.

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