Investor Presentation February 2022
Strong Financial Foundation - Flexible Balance Sheet
We will be in a positive net cash position pro forma for Zillow Offers wind down
Reported
12/31/2021
Pro Forma Zillow
Offers Wind Down
Cash & Investments
$3.1B
$3.1B+
Inventory
$3.9B
$0
Asset Backed Debt
$3.5B
$0.1B
-$3.4B ZO Debt
- $0 ZO Debt
$0.1B Mortgage Line
-$0.1B Mortgage Line
Convertibles
$1.3B
$1.3B
Net Cash
$(1.7)B
$1.7B
Key Information
Expect wind down to be cash flow positive in aggregate
All Zillow Offers inventory will be sold in wind down
Zillow Offers debt repaid as inventory is sold
Nearest maturity is September 2024 for $608M principal amount
Net Cash Pro Forma Balance Sheet
13
Our balance sheet provides the ability to invest in innovation,
capitalize on the business cycle, and exercise prudent capital management
ZILLOW GROUPView entire presentation