Thomas J' McInerney EVP

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Thomas J. McInerneyEVP Chief Financial Officer
February 2006
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Building Businesses
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Across the Consumer Spectrum
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Supply Network
Rounded unaudited estimates and subject to change
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Multiple Brands
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Establishing Market Leaders
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Distinct Consumer Offerings
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Distinct Merchant Offerings
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2005 Financial Summary
in millions
Adjusted excludes Cornerstone Brands (acquired
4/1/05), Ask (acquired 7/19/05), and spin-off
expenses.
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Most Established Businesses
in millions
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Selling More Tickets, Better
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Expanding Globally
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Pursuing a Large Lending Opportunity
Source 2005 market size estimate per MBAA
(December 2005) lender data per Inside Mortgage
Finance (2/05).
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Track Record
in millions
Source U.S. mortgage market growth derived from
MBAA data ((December 2005)).
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Introducing Ask.com
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Maps Directions
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Weather
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Movies
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Web Answers / Zoom
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Binoculars
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Gained Share in 2005 U.S. Search Queries
Source comScore Q Search, December 2005.
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Consolidated Financial Summary
in millions
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Shares Outstanding
As reported on the dates indicated, with the
2/10/05 share counts reverse split adjusted.
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Net Cash
As of December 31, 2005
1.3 billion gross debt less 362 million
LendingTree Loans debt that is non-recourse to
IAC.
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Important Safe Harbor Statement Under The
Private Securities Litigation Reform Act Of 1995
This presentation contains forward-looking
statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These
forward-looking statements include statements
relating to anticipated financial performance,
business prospects, new developments and similar
matters, and/or statements that use words such as
"anticipates," "estimates," "expects," "intends,"
"believes" and similar expressions. These
forward-looking statements are necessarily
estimates reflecting the best judgment of IACs
senior management, and involve a number of risks
and uncertainties that could cause actual results
to differ materially from those suggested by the
forward-looking statements. These risks and
uncertainties are described in IACs filings with
the U.S. Securities and Exchange Commission (the
SEC), including its Annual Report on Form 10-K
for the fiscal year ended 2004, Quarterly Reports
on Form 10-Q, Current Reports on Form 8-K and
2005 Annual Proxy Statement. Other unknown or
unpredictable factors also could have material
adverse effects on IACs future results,
performance or achievements. In light of these
risks and uncertainties, the forward-looking
events discussed in this presentation may not
occur. You are cautioned not to place undue
reliance on these forward-looking statements,
which speak only as of the date stated, or if no
date is stated, as of the date of this
presentation. IAC is not under any obligation
and does not intend to make publicly available
any update or other revisions to any of the
forward-looking statements contained in this
presentation to reflect circumstances existing
after the date of this presentation or to reflect
the occurrence of future events even if
experience or future events make it clear that
any expected results expressed or implied by
those forward-looking statements will not be
realized.
Prepared February 28, 2006
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Reconciliation Operating Income Before
Amortization to Operating Income
in thousands rounding differences may exist
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Reconciliation Operating Income Before
Amortization to Operating Income
in millions rounding differences may exist
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Reconciliation GAAP EPS to Adjusted EPS
in thousands (except per share amounts)
rounding differences may exist
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Reconciliation Operating Cash Flow from
Continuing Operations to Free Cash Flow
in millions rounding differences may exist
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Reconciliation Reported Results to Adjusted
Results
in millions rounding differences may exist
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