EXA CORP - FORM 8-K - EX-99.1

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Exa Corporation Confidential

Investor Presentation

July 2013

Exhibit 99.1

Safe Harbor Statement

Exa Corporation Confidential

Today’s presentation includes forward-looking statements intended to qualify for the

Safe

Harbor

from

liability

established

the

Private

Securities

Litigation

Reform

Act

of 1995.These forward-looking statements, including statements regarding our

financial expectations, demand for our solutions and growth in our markets, are

subject to risks, uncertainties and other factors that could cause actual results to

differ materially from those suggested by our forward-looking statements. These

factors include, but are not limited to, the risk factors described in our Annual Report

on Form 10-K for the year ended January 31, 2013, as filed with the SEC on April 9,

2013. Forward-looking information in this presentation represents our outlook as of

today, and we do not undertake any obligation to update these forward-looking

statements.

During

today's

presentation

may

refer

our

Adjusted

EBITDA.

This

non-

GAAP financial measure that has been adjusted for certain non-cash and other items,

and that is not computed in accordance with generally accepted accounting

principles. The GAAP measure most comparable to Adjusted EBITDA is our net

income (loss). A reconciliation of our historical Adjusted EBITDA to our net income

(loss) is included in our Form 10-K filed with the SEC.

Company Overview

Leading Provider of Software that Enables

Simulation-Driven Product Design

Vehicle

Manufacturers

as Customers

90+

14 of the top 15 passenger

vehicle manufacturers

240+

Years of

Revenue Growth

10+

EBITDA positive past 3 years

Highly recurring and visible

business model

Employees

Global

Offices

HQ in Burlington, MA

Detroit, Japan, Germany,

Korea, France, China

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Aerodynamics Thermal Acoustics

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Highly-Visible, Consumption-based

Licensing Model

Proprietary, Market Leading Technology

Growing Multi-billion Dollar Market

Opportunity in Transportation Alone

Tangible, Immediate Value Proposition

Experienced Management Team

Top-tier Global Customers

Key Investment Highlights

Transportation Market Requirements

Aerodynamics

Faster Turnaround

Time

Weight Reduction

Fewer Prototypes

Increased

Automation

New Powertrains

Efficiency2

Simulation-based

Design

Source: EPA

(1) The United States passenger car and light truck CAFE standard continues to rise to 56.2 MPG by 2025

(1)

1975

1985

1995

2005

2015

2025

U.S. CAFE

Traditional Development Process

Expensive ($bn),

cumbersome

& time-consuming

Brute-force

approach

Exa‘s Vehicle Development Process

Days

Geometric Complexity

Accurate Results

Proprietary Algorithms

Global Customer Base

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Passenger Vehicle

Truck & Off-Highway

Supplier/Other

Aerospace

How JLR Uses Exa’s PowerFLOW

The Problem

Reduce joint fleet CO2 to meet global

emissions target by 2020+

Portfolio Diversification

Reduce cost of prototypes

Enable digital sign-off

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The Results

Thermal Mgmt & Aerodynamic prototypes

eliminated prior to production tooling release

Further elimination opportunities for

Aeroacoustics & water mgmt in development

Customer Case Studies

The Problem

Demand for more fuel efficient trucks

Top buying requirement

The Results

24% reduction in aerodynamic drag

12% improvement in fuel economy

~$5,600 annual fuel savings per vehicle

Customer Engagement Model

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Annual

Renewals

Deeper

Deployment

Upgrades

New

Applications

Capacity-Based Licensing

OnDemand

or On Premise

PowerFLOW Product Suite

(Consumption-based License)

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Simulation Preparation

(User-based License)

Simulation

Simulation Analysis

(User-based License)

PowerDELTA

Import, sort and organize CAD model

Apply parametric mesh features

Generate surface meshes & check quality

PowerFLOW

Automatic fluid discretization

Automatic multi-processor

parallelized simulation

~80% of license revenue

PowerINSIGHT

™

Streamline & automate the

results generation,

analysis, and reporting process

PowerCASE

™

Set up simulation case parameters

& boundary conditions

PowerCLAY

Morph mesh real-time

for rapid design iteration

& optimization

PowerTHERM

Fully-coupled 3D

conduction

& radiation solver

PowerCOOL

Fully-coupled

cooling system

model

PowerACOUSTICS

Analyze and predict acoustic noise

transmission to the interior

PowerVIZ

Analyze results and flow structures

with interactive 3D data

visualization, movies, & graphs

Design Iterations

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Highest Degree of Simulation Accuracy

Deep Domain Expertise

Faster Turnaround Time

Return on Investment

Differentiated Go-to-market Strategy

Why We Win

Growth Strategy

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•

Migrating from

physical to digital-

based approaches

Penetrate New

Geographies

Enable

Additional

Applications &

Solutions

Add New

Customers in

Ground

Transportation

Explore New

Verticals

Deepen Existing

Customer Base

Selectively

Pursue

Acquisitions

•

Identify new

applications to

address customer

needs

•

Significantly

underpenetrated

•

Adjacent markets

•

Expanding

presence in BRIC

•

Core technology is

extendable to

Aerospace, Oil &

Gas and Power

Generation

among others

•

Complementary

businesses &

technologies

Key Financial Highlights

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Strong, Consistent Revenue Growth

Recurring & Predictable Business Model

Profitable & Cash Flow Positive

Attractive Long-term Model

Consistent Revenue Growth

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Note: We changed from a December 31 calendar year-end to a January 31st fiscal year-end at the end of December 2006.

8.0

12.8

16.3

20.3

28.0

34.1

35.6

37.9

45.9

48.9

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Revenue ($M)

History of Profitability

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Adjusted EBITDA Margin

Adjusted EBITDA ($M)

FYE Jan 31

Note: Please see Appendix for detailed definition and reconciliation of Adjusted EBITDA to the comparable GAAP financial measure of net income (loss). We

define EBITDA as net income (loss), excluding depreciation and amortization, interest expense, other income (expense), foreign exchange gain (loss) and

provision for income taxes. We define Adjusted EBITDA as EBITDA, excluding non-cash share-based compensation expense.

60%+ of our annual revenue was

attributable to contracts in place at

the beginning of the fiscal year

Annual consumption-based licenses

Increased consumption of simulation

capacity drives growth

Delivered on-premise or on-demand

Ratable revenue recognition

Project revenue is primarily derived

from simulation capacity

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Highly Recurring & Predictable Model

Note: We compute our license revenue renewal rate for any fiscal

year by identifying the customers from whom we derived license revenue in the prior fiscal

year and dividing the dollar amount of license revenue that we receive in the current fiscal year from those customers by the dollar amount of license revenue

we received from them in the prior fiscal year.

Revenue Visibility

FY13

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Revenue Mix

Note: Data as of FY 2013

Managing business with focus on revenue growth combined with steady

improvement in Adjusted EBITDA margin

Continue to invest in Sales team to deepen existing customer

penetration and add new customers

Improve

margins

due

operating

leverage,

especially

R&D

and

G&A

Targeting long-term adjusted EBITDA margin in low to mid 20% range

Target Model

Appendix

Exa Corporation Confidential

Exa Corporation Confidential

*See Appendix

Key Financial Metrics

FY11

FY12

FY13

1Q14

Revenue

License

$30.6

$38.8

$41.2

$10.7

Project

7.3

7.2

7.7

1.8

Total Revenue

$37.9

$45.9

$48.9

$12.5

Revenue Growth

21%

11%

Operating Expenses

Cost of Revenues

9.9

12.1

14.2

3.7

Sales & Marketing

6.1

6.2

7.1

2.1

Research & Development

12.8

14.5

16.7

4.4

General & Administrative

6.0

8.1

9.0

2.8

Non

-GAAP Operating Income*

$3.4

$5.7

$3.3

($0.1)

Adj. EBITDA*

$4.8

$7.2

$4.9

$0.3

Note:

To supplement our consolidated financial statements, which are presented on a GAAP basis, we disclose Non-GAAP Operating Income and Adjusted EBITDA, non-GAAP

The GAAP measures most comparable to Non-GAAP Operating Income and Adjusted EBITDA are GAAP income from operations and GAAP net income (loss), respectively.

Reconciliations of these non-GAAP financial measures to the corresponding GAAP measures are included above.

We define non-GAAP operating income as GAAP operating income excluding non-cash, stock-based compensation expense and amortization of acquired intangible assets. We

define EBITDA as net income (loss), excluding depreciation and amortization, interest expense, and other income (expense), foreign exchange gain (loss) and provision for income

taxes. We define Adjusted EBITDA as EBITDA, excluding non-cash share-based compensation expense.

Adjusted EBITDA and Non-GAAP Operating Income

–

Definitions and Reconciliations

Non-GAAP Operating Income

April 30,

July 31,

October 31,

January 31,

April 30,

(In thousands)

2011

2012

2013

2012

2013

Operating (loss) income

3,116

5,035

1,960

373

887

891

(191)

(457)

Add back:

Stock based compensation expense

281

636

924

241

234

235

214

245

Amortization of acquired intangible assets

383

Non-GAAP operating income

3,397

5,736

3,267

711

1,218

1,224

114

(124)

Year Ended January 31,

Three Months Ended

Adjusted EBITDA Reconciliation

April 30,

July 31,

October 31,

January 31,

April 30,

(In thousands)

2011

2012

2013

2012

2013

Net (loss) Income

691

14,138

763

882

159

(340)

(541)

Depreciation and amortization

1,356

1,502

2,009

409

423

489

688

496

Interest expense, net

1,411

1,284

1,631

412

409

402

408

377

Other (income) expense

(10)

213

(529)

(66)

(445)

(2)

(16)

(2)

Foreign exchange loss (gain)

198

106

(17)

(326)

115

194

(37)

Provision for income tax

826

(10,706)

112

(35)

367

217

(437)

(254)

EBITDA

4,472

6,537

3,969

782

1,310

1,380

497

281

636

924

241

234

235

214

245

Adjusted EBITDA

4,753

7,173

4,893

1,023

1,544

1,615

711

284

Year Ended January 31,

Non-cash, share based

compensation expense

Three Months Ended

measures that exclude certain amounts. These non-GAAP measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States.

Ground Transportation Applications

Exa Corporation Confidential

EXA CORP - FORM 8-K - EX-99.1 - July 8, 2013

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