TECHNOLOGY | INNOVATION | SOLUTIONS
Investor Presentation
June 2015
Investor Presentation June 2015 Forward-looking Statements & - - PowerPoint PPT Presentation
TECHNOLOGY | INNOVATION | SOLUTIONS Investor Presentation June 2015 Forward-looking Statements & Non-GAAP Financial Information TECHNOLOGY | INNOVATION | SOLUTIONS Forward-Looking Language This presentation and all publicly
TECHNOLOGY | INNOVATION | SOLUTIONS
June 2015
TECHNOLOGY | INNOVATION | SOLUTIONS
This presentation and all publicly available documents, including the documents incorporated herein and therein by reference, contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning
identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods, including statements on the slides in this presentation titled “Total Addressable Market,” “Business Outlook,” and “Investment Highlights.” Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These statements are based on management’s current expectations, intentions or beliefs and are subject to a number of factors, assumptions and uncertainties that could cause actual results to differ materially from those described in the forward-looking
risk factors set forth in Item 1A of the company’s Annual Report for the fiscal year ended March 31, 2015. Copies are available from the SEC or the Agilysys website. We undertake no obligation to update any such factor or to publicly announce the results
Use of Non-GAAP Financial Information To supplement the unaudited condensed consolidated financial statements presented in accordance with U.S. GAAP in this presentation, certain non-GAAP financial measures as defined by the SEC rules are used. These non-GAAP financial measures include adjusted EBITDA from continuing operations, adjusted operating income (loss) from continuing operations, adjusted income (loss) from continuing operations, and adjusted cash provided by continuing operations. Management believes that such information can enhance investors' understanding of the company's ongoing operations. See the tables on slide 20 & 21 for reconciliations to the comparable GAAP measures.
TECHNOLOGY | INNOVATION | SOLUTIONS
Market Stats
Stock Price (6/12/15) $9.30
Diluted Shares Outstanding
22.3M 52 Week High $14.52
Diluted Market Capitalization
$207M 52 Week Low $8.72
Total Debt (at 3/31/2015)
$0.2M Average Daily Volume (3 months) 37,089
Cash & Marketable Securities
(at 3/31/2015)
$75.1M Basic Shares Outstanding 22.3M
Enterprise Value
$133M
Financial Metrics & Valuation (FY15)
Revenue
$103.5M
Adjusted EBTIDA^
$1.2M
EPS from Continuing Ops.
($0.51)
EV/Revenue
1.3x
($9.3) $1.8 $6.5 $1.2
($20.0) ($10.0) $0.0 $10.0 FY12 FY13 FY14 FY15
^Non-GAAP measure, see reconciliation on slide 20 & 21 All historical numbers reflect the sale of RSG and UK entity
TECHNOLOGY | INNOVATION | SOLUTIONS
Customers / Guests Community Investors
Connecting
Our customers with their guests Our customers with our team Our team with their communities
Lasting Connections
TECHNOLOGY | INNOVATION | SOLUTIONS TECHNOLOGY | INNOVATION | SOLUTIONS
Workforce Management
(Staff)
2% of Revenue
Property Management
(Book, Arrive, Order)
28% of Revenue
Property Management
(Book, Arrive, Order)
28% of Revenue
Property Management
(Book, Arrive, Order)
28% of Revenue
Point-of-Sale
(Order)
56% of Revenue
Inventory & Procurement
(Procure)
11% of Revenue
Document Management
(Order, Procure)
3% of Revenue
Note: Revenue contribution figures represent percentage of fiscal year ended March 31, 2015.
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TECHNOLOGY | INNOVATION | SOLUTIONS
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AGYS
Product roadmap significantly expands total addressable market Industry growth expected at 5-7% annually (commissioned IHL and STR study)
TECHNOLOGY | INNOVATION | SOLUTIONS
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49% 24% 18% 9%
Revenue Mix by Market (FY15)
Gaming
Pinnacle Entertainment Sands Casino & Resort The Cosmopolitan of Las Vegas Valley View Casino & Hotel Caesars Palace Casino Del Sol Boyd Gaming Ho-Chunk Gaming Oxford Casino Maryland Live! Casino
Hotels, Resorts, and Cruise
The Broadmoor Colorado Springs The Breakers Palm Beach The SeaPines Resort Black Rock Oceanfront Resort Royal Caribbean International The Landmark London Pinehurst Vail Resorts Royal Lahaina Resort Norwegian Cruise Lines
Food Service
Compass Group Benchmarc Restaurants by Marc Murphy Sugar Factory BRguest Hospitality Savor
Restaurants, Universities, Stadia and Healthcare
Yale University Vanderbilt University California State University at Fullerton – Auxiliary Services Corporation
TECHNOLOGY | INNOVATION | SOLUTIONS
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All numbers in thousands, except per share data *All historical numbers reflect the sale of RSG and UK entity ^ Non-GAAP measure, see reconciliation on slide 20 & 21
$82,051 $94,008 $101,261 $103,514
$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
FY12 FY13 FY14 FY15
Revenue *
($1,909) $3,235 $876
($5,000) ($3,000) ($1,000) $1,000 $3,000 $5,000
FY13 FY14 FY15
Adjusted Cash from Continuing Operations^
($9,311) $1,836 $6,450 $1,174
($15,000) ($10,000) ($5,000) $0 $5,000 $10,000
FY12 FY13 FY14 FY15
Adjusted EBITDA^
($37,493) ($6,214) ($2,895) ($11,497)
($50,000) ($40,000) ($30,000) ($20,000) ($10,000) $0
FY12 FY13 FY14 FY15
Loss from Continuing Operations *
TECHNOLOGY | INNOVATION | SOLUTIONS
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FY11 FY12 FY13 FY14 FY15
48.9% 55.3% 52.2% 52.5% 54.1% 36.2% 28.9% 33.0% 34.2% 30.8% 14.9% 15.8% 14.8% 13.3% 15.1% Product Mix (as % of total revenue)
Recurring Revenue (support, maintenance & subscription) Product Revenue Professional Services Revenue
comprised 54% of the Company’s FY15 revenue versus 49% in FY11
share and installed product base to offer an increased level of recurring services
product offerings to create an ongoing customer relationship and foster enhanced recurring revenues
SaaS revenues up 11% in fiscal 2015 vs fiscal 2014
TECHNOLOGY | INNOVATION | SOLUTIONS
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Consolidated Balance Sheet (unaudited) in thousands
March 31, 2015 March 31, 2014 Cash, cash equivalents and marketable securities $75,067 $99,566 Other current assets 29,950 30,288 Long-term assets 76,508 61,041 Total assets $181,525 $190,895 Current liabilities $50,610 $48,143 Other liabilities 6,727 9,879 Total liabilities $57,337 $58,022 Shareholders’ equity 124,188 132,873 Total liabilities and shareholders’ equity $181,525 $190,895
Cash and liquid investments of $75 million Fully valued federal net operating losses of approximately $170M
TECHNOLOGY | INNOVATION | SOLUTIONS
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