EXA CORP - FORM 8-K - EX-99.1

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Investor Presentation

January 2014

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 by 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 we may refer to our Adjusted EBITDA. This is a 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

90+

14 of the top 15 passenger

vehicle manufacturers

250+

10+

EBITDA positive past 4 years

Highly recurring and visible

business model

Employees

HQ in Burlington, MA

Detroit, Japan, Germany,

Korea, France, China

Exa Corporation Confidential

Aerodynamics Thermal Acoustics

Leading Provider of Software that Enables

Simulation-Driven Product Design

Years of

Revenue Growth

Vehicle

Manufacturers

as Customers

Global

Offices

Key Investment Highlights

Exa Corporation Confidential

Proprietary, Market Leading Technology

Tangible, Immediate Value Proposition

Growing Multi-billion Dollar Market

Opportunity in Transportation Alone

Top-tier Global Customers

Highly-Visible, Consumption-based

Licensing Model

Experienced Management Team

Transportation Market Requirements

Aerodynamics

Faster Turnaround

Time

Weight Reduction

Fewer Prototypes

Increased Automation

New Powertrains

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

Months

Expensive ($bn),

cumbersome

& time-consuming

Brute-force

approach

Exa‘s Vehicle Development Process

Days

Proprietary Algorithms

Geometric Complexity

Accurate Results

Global Customer Base

Passenger Vehicle

Truck & Off-Highway

Supplier/Other

Aerospace

How Tesla Uses Exa’s PowerFLOW

The Problem

Develop brand new zero emissions sedan

5+2 passengers

World class design & performance

Long driving range on a single charge

Exa Corporation Confidential

The Results

265

mile

range

–

due

0.24

0.32 0.27 0.24

Reduced wind noise

Customer Case Studies

The Challenge

Meet EPA Tier IV emissions standards

Increasing heat rejection

Requiring increased cooling

Meet New Noise Regulations

Improve Fuel Efficiency

The Results

Cooling package met cooling targets

Reduced Fan noise by 3+ dBA

Reduced HP consumption by 25+ HP

Customer Engagement Model

Exa Corporation Confidential

Annual

Renewals

Deeper

Deployment

Upgrades

New

Applications

Capacity-Based Licensing

OnDemand

or On Premise

PowerFLOW Product Suite

Simulation Preparation

(User-based License)

Simulation

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

PowerVIZ

Analyze results and flow structures

with interactive 3D data

visualization, movies, & graphs

PowerTHERM

Fully-coupled 3D

conduction

& radiation solver

PowerCOOL

Fully-coupled

cooling system

model

PowerCASE

™

Set up simulation case parameters

& boundary conditions

PowerCLAY

Morph mesh real-time

for rapid design iteration

& optimization

PowerACOUSTICS

Analyze and predict acoustic noise

transmission to the interior

Design Iterations

Simulation Analysis

(User-based License)

(Consumption-based License)

Exa Corporation Confidential

Exa Corporation Confidential

Highest Degree of Simulation Accuracy

Deep Domain Expertise

Faster Turnaround Time

Return on Investment

Differentiated Go-to-market Strategy

Why We Win

Growth Strategy

Exa Corporation Confidential

•

Migrating from

physical to digital-

based approaches

Penetrate New

Geographies

Enable

Additional

Applications &

Solutions

Add New

Customers in

Ground

Transportation

Explore New

Verticals

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

Deepen Existing

Customer Base

Key Financial Highlights

Exa Corporation Confidential

Strong, Consistent Revenue Growth

Recurring & Predictable Business Model

Attractive Long-term Model

Profitable & Cash Flow Positive

Consistent Revenue Growth

Exa Corporation Confidential

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

History of Profitability

Exa Corporation Confidential

Adjusted EBITDA

FYE Jan 31

Adjusted EBITDA Margin

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, loss on extinguishment of debt, 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

Revenue Visibility

FY13

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Revenue Mix

Note: Data as of FY 2013

United States

23%

Germany

16%

France

15%

United

Kingdom

Sweden

Japan

20%

Korea

Other

Revenue by Geography

Managing business with focus on increasing revenue growth rate while

maintaining positive Adjusted EBITDA

Continue to invest in Sales team to deepen existing customer

penetration and add new customers

Invest in additional applications & solutions to deepen penetration at

existing customers

Expand into other verticals including Aerospace and Oil & Gas

Target Model

Appendix

Exa Corporation Confidential

Exa Corporation Confidential

*See Appendix

Key Financial Metrics

FY11

FY12

FY13

1Q14

2Q14

3Q14

Revenue

License

$30.6

$38.8

$41.2

$10.7

$11.1

Project

7.3

7.2

7.7

1.8

2.0

3.0

Total Revenue

$37.9

$45.9

$48.9

$12.5

$12.7

$14.1

Revenue Growth

21%

11%

12%

Operating Expenses

Cost of Revenues

9.9

12.1

14.2

3.7

3.8

4.0

Sales & Marketing

6.1

6.2

7.1

2.1

2.2

Research & Development

12.8

14.5

16.7

4.4

4.5

4.4

General & Administrative

6.0

8.1

9.0

2.8

2.4

2.7

Non-GAAP Operating Income*

$3.4

$5.7

$3.3

($0.1)

$0.2

$1.1

Adj. EBITDA*

$4.8

$7.2

$4.9

$0.3

$0.6

$1.6

Adjusted EBITDA and Non-GAAP Operating Income

–

Definitions and Reconciliations

Non-GAAP Operating Income

April 30,

July 31,

October 31,

(In thousands)

2011

2012

2013

Operating (loss) income

3,116

5,035

1,960

(457)

(184)

678

Add back:

Stock based compensation expense

281

636

924

245

251

350

Amortization of acquired intangible assets

383

Non-GAAP operating income

3,397

5,736

3,267

(124)

154

1,116

Adjusted EBITDA Reconciliation

April 30,

July 31,

October 31,

(In thousands)

2011

2012

2013

Net (loss) Income

691

14,138

763

(541)

(798)

516

Depreciation and amortization

1,356

1,502

2,009

496

543

522

Interest expense, net

1,411

1,284

1,631

377

171

Loss on extinguishment of debt

755

Other (income) expense

(10)

213

(529)

(2)

(3)

(2)

Foreign exchange loss (gain)

198

106

(17)

(37)

(31)

Provision for income tax

826

(10,706)

112

(254)

(402)

128

EBITDA

4,472

6,537

3,969

359

1,200

281

636

924

245

251

350

Adjusted EBITDA

4,753

7,173

4,893

284

610

1,550

Three Months Ended

Year Ended January 31,

Non-cash, share based

compensation expense

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. 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, loss on extinguishment of debt, 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.

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

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

Exa Corporation Confidential

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 Case Studies –

Trailer Devices

Ground Transportation Applications

Exa Corporation Confidential

EXA CORP - FORM 8-K - EX-99.1 - January 15, 2014

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