Textura Solutions - Textura Corporation

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Patrick Allin
Chairman, CEO, Co-founder
Image: Hudson Yards Redevelopment, New York, NY –
a project managed using Textura Construction Collaboration Solutions
©2014 Textura Corporation
1
Safe Harbor

This presentation includes forward-looking statements, including statements regarding Textura's future financial performance,
market growth, demand for Textura's solutions, and general business conditions. Any forward looking statements contained in
this presentation are based upon Textura's historical performance and its current expectations and projections about future
events and financial trends affecting the financial condition of its business. These forward-looking statements should not be read
as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such
performance or results will be achieved. These forward-looking statements are based on information currently available to
Textura, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those
expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but
are not limited to, trends in the global and domestic economy and the commercial construction industry; our ability to effectively
manage our growth; our ability to develop the market for our solutions; competition with our business; our dependence on a
limited number of client relationships for a significant portion of our revenues; our dependence on a single software solution for
a substantial portion of our revenues; the length of the selling cycle to secure new enterprise relationships for our CPM solution,
which requires significant investment of resources; our ability to cross-sell our solutions; the continued growth of the market for
on-demand software solutions; our ability to develop and bring to market new solutions in a timely manner; our success in
expanding our international business and entering new industries; and the availability of suitable acquisitions or partners and
our ability to achieve expected benefits from such acquisitions or partnerships, including our acquisition of PlanSwift in January
2013 and our anticipated acquisition of LATISTA in December 2013. Forward-looking statements speak only as of the date hereof
and we assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes
in other factors affecting forward-looking information, except to the extent required by applicable laws. If we update one or more
forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other
forward-looking statements. Further information on potential factors that could affect actual results is included under the
heading “Risk Factors” in our Annual Report on Form 10-K filed on November 26, 2013, and our other reports filed with the SEC.

This presentation should be read in conjunction with Textura’s Q1 2014 Earnings Release on the Company’s Investor Relations
website at investors.texturacorp.com.

In addition to U.S. GAAP financial information, this presentation includes certain non-GAAP financial measures. These historical
and forward-looking non-GAAP measures are in addition to, not a substitute for or superior to, measures of financial
performance prepared in accordance with GAAP. A reconciliation between GAAP and non-GAAP measures is included in
Textura’s Q1 2014 Earnings Release on the Company’s Investor Relations website at investors.texturacorp.com.
©2014 Textura Corporation
2
2013 Highlights

Revenue growth






Acquisitions in 2013



PlanSwift – February 1st
LATISTA – December 2nd
Australian JV



Organic growth – 48%
Total Growth – 64%
Commercial construction is improving
Sales funnel is full and active
Post IPO quarters
 June – 40% organic, 65% total
 September – 45% organic, 72% total
 December – 50% organic, 77% total
Launched January 1st
Solution available – May
New products


BidOrganizer – September
CPM Business - August
©2014 Textura Corporation
3
2013 Highlights

IPO
 June 7th
 Priced at $15.00
 18 times oversubscribed
 All primary - 5.75 million shares
 Cash raised $77,703,000

Follow-on offering
 September 20th
 Priced at $38.00
 3 times oversubscribed
 Secondary shares
 AON, First Midwest Bank, large shareholders
 Primary shares 1,687,000
 Cash raised $59,777,000
©2014 Textura Corporation
4
Investment Highlights
Global market
opportunity
Compelling
client value
proposition
CPM – no
competition
Exceptional
revenue growth
High EBITDA
margin potential
Experienced
team
©2014 Textura Corporation
5
Current Business Processes – Complex, Error Prone, Inefficient
Owner / Developer
Architects
Financing
Companies
Insurance
Companies
Title
Companies
Engineers
...
General
Contractors
Owner/
Developer
GC
Banks / Insurers
Prime Sub
Sub
Title Company
Material
Supplier
Sub
Sub-tier
Prime Sub
Sub
Architects
Prime Sub
Sub
Sub-tier
...
...
Sub
Material
Supplier
...
Material
Supplier
...
Suppliers
Sub-tier
Etc.
Engineers
Sub-contractors
Design
©2014 Textura Corporation
Prequalification
Bid
Contracting
6
Construction
Close-out
Textura Solutions – Addressing the Project Lifecycle
Construction Collaboration Solutions®
CPM
GradeBeam
Submittal
Exchange
PQM
Submittal
Exchange
PlanSwift
BidOrganizer
Design
©2014 Textura Corporation
Prequalification
LATISTA
Bid
Contracting
7
Construction
Close-out
Significant Benefits to our Clients
Cost
efficiencies
Faster
payment
Risk
management
Process
management
©2014 Textura Corporation
8
Client Case Study #1 – Strong ROI
Internal Study Findings:
•
Denver-based
General Contractor
•
Textura CPM eliminates
15 out of 20 process steps
• “Textura CPM saves 260-330 hours a month”
• “Time savings for our risk administrator and the project
managers”
• “Improves accuracy of paperwork”
• “Greatly improves subcontractor relations”
• “Creating capacity is essential to avoid having to hire
additional staff”
General Contractor ROI:
• Estimated savings: $360,000 annually
• Estimated by the general contractor to cost them
4 basis points of construction value: $74,000 annually
Estimated Total Network Revenue to Textura:
• ~$300,000 annually
• 75% of subs already CPM users
©2014 Textura Corporation
9
Over $28 billion of Total Addressable Market
Market
Expansion
Target
Global
Markets
>$4.8t
Current
Markets
>$1.3t
Key Strategies:
• North America market
penetration
• Global expansion to Asia
and Western Europe
©2014 Textura Corporation
Monetization
Target
Global
Opportunity
~55-60 bps
Current
Opportunity
~34 bps
Mobile
+5–10 bps
Mobile
+4 bps
Huge Total
Addressable Market
Current
Markets
and
Solutions
>$4.4b
Global
Platform
~50 bps
Current
Solutions
~30 bps
Total
Addressable
Market
>$28.0b
+$4.0b
~$24.0b
Mobile
+$0.5b
~$3.9b
Key Strategies:
• Cross-sell solutions
• Strategic acquisitions
• Solution expansion
• Solutions to platform
• Pricing
10
Result:
•
Potential for long
term very high
revenue
growth rates
Multiple Long-term Growth Opportunities
CPM
GradeBeam
Submittal
Exchange
PlanSwift
LATISTA
PQM
• Project
lifecycle
from design
to operation
Data
US, Canada,
Australia
Mining
GradeBeam
BidOrganizer
• 7 primary
solutions
• Few multiproduct
clients
Financing
• Integrated
solution
suite
Submittal
Exchange
PlanSwift
• Approx. 8%
penetration
Market
penetration
• Bundled
sales/
pricing
• Platform
strategy
Cross-sell
solutions
©2014 Textura Corporation
Price
New
products
Strategic
acquisitions
11
Oil and Gas
Western
Europe,
Developed
Asia
Global
expansion
Related
markets
Future
Image: ExxonMobil Corporate Campus, Houston, TX –
a project managed using Textura Construction Collaboration Solutions
©2014 Textura Corporation
12
Financial Overview
Jillian Sheehan
EVP and CFO
Image: Denver International Airport South Terminal Redevelopment, Denver, CO
– a project managed using Textura Construction Collaboration Solutions
©2014 Textura Corporation
13
Financial Highlights
©2014 Textura Corporation
Strong
growth
Predictable
highly visible
growth
Investing
for growth
High operating
leverage
14
Consistently High Growth Rates
$35.5
$12.0
$10.9
$8.5
$4.5
$5.2
$5.7
$6.3
$9.4
$21.7
$6.8
$10.5
$6.0
Dec 11 Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep 13 Dec 13
Year-over-year change
110%
119%
109%
74%
70%
FY11
FY12
FY13
Year-over-year change
92%
51%
65%
65%
72%
77%
Organic growth
76%
FY10
90%
75%
106%
64%
69%
44%
Organic growth
60%
©2014 Textura Corporation
45%
46%
38%
45%
15
50%
90%
75%
Fiscal 2014 Guidance
• 61 - 65% year-over-year revenue growth
• $13.7 – $14.0 million
• Includes $0.4 – $0.6 million LATISTA contribution
Second Quarter
FY 2014
• Adjusted EPS of ($0.20) – ($0.22)
• Excludes stock based comp of $1.9 million & amortization of
acquired intangible assets of $1.3 million
• Assumes ~24.8 million shares
• Includes $(0.05) - $(0.06) impact from LATISTA
-------------------------------------------------------------------------------• 62 - 70% year-over-year revenue growth
• $57.5 – $60.5 million
FY
2014
• Includes $1.5 – $2.0 million LATISTA contribution
• Adjusted EPS of ($0.55) – ($0.62)
• Excludes stock based comp of $7.0 million & amortization of
acquired intangible assets of $4.8 million
• Assumes ~25.0 million shares
• Includes ($0.23) - $(0.24) impact from LATISTA
©2014 Textura Corporation
16
Questions . . . and Thank You
Image: World Trade Center Transportation Hub, New York, NY –
a project managed using Textura Construction Collaboration Solutions
©2014 Textura Corporation
17
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