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1 ©2014 Textura Corporation Image: Hudson Yards Redevelopment, New York, NY – a project managed using Textura Construction Collaboration Solutions Patrick.

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Presentation on theme: "1 ©2014 Textura Corporation Image: Hudson Yards Redevelopment, New York, NY – a project managed using Textura Construction Collaboration Solutions Patrick."— Presentation transcript:

1 1 ©2014 Textura Corporation Image: Hudson Yards Redevelopment, New York, NY – a project managed using Textura Construction Collaboration Solutions Patrick Allin Chairman, CEO, Co-founder

2 2 ©2014 Textura Corporation 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.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.investors.texturacorp.com

3 3 ©2014 Textura Corporation 2013 Highlights  Revenue growth  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  Acquisitions in 2013  PlanSwift – February 1st  LATISTA – December 2nd  Australian JV  Launched January 1 st  Solution available – May  New products  BidOrganizer – September  CPM Business - August

4 4 ©2014 Textura Corporation 2013 Highlights  IPO  June 7 th  Priced at $15.00  18 times oversubscribed  All primary - 5.75 million shares  Cash raised $77,703,000  Follow-on offering  September 20 th  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

5 5 ©2014 Textura Corporation Investment Highlights Global market opportunity Global market opportunity Compelling client value proposition Compelling client value proposition CPM – no competition High EBITDA margin potential High EBITDA margin potential Exceptional revenue growth Experienced team Experienced team

6 6 ©2014 Textura Corporation Current Business Processes – Complex, Error Prone, Inefficient Banks / Insurers Title Company Owner / Developer Sub-contractors Engineers Architects General Contractors Suppliers Architects Financing Companies Insurance Companies Owner/ Developer GC Prime Sub Sub Material Supplier Sub Sub-tier Etc.... Material Supplier... Sub... Prime Sub... Title Companies Engineers... Design Pre- qualification BidContractingConstructionClose-out

7 7 ©2014 Textura Corporation Textura Solutions – Addressing the Project Lifecycle Design Pre- qualification BidContractingConstructionClose-out CPM PlanSwift Submittal Exchange GradeBeam PQM Submittal Exchange Construction Collaboration Solutions ® LATISTA BidOrganizer

8 8 ©2014 Textura Corporation Risk management Cost efficiencies Cost efficiencies Process management Process management Significant Benefits to our Clients Faster payment Faster payment

9 9 ©2014 Textura Corporation Client Case Study #1 – Strong ROI Denver-based General Contractor Internal Study Findings: “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 Internal Study Findings: “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 Textura CPM eliminates 15 out of 20 process steps

10 10 ©2014 Textura Corporation Over $28 billion of Total Addressable Market Market Expansion Market Expansion Monetization Huge Total Addressable Market Target Global Markets >$4.8t Current Markets >$1.3t Current Solutions ~30 bps Total Addressable Market >$28.0b Current Markets and Solutions >$4.4b Global Platform ~50 bps Key Strategies: North America market penetration Global expansion to Asia and Western Europe Key Strategies: Cross-sell solutions Strategic acquisitions Solution expansion Solutions to platform Pricing Result: Potential for long term very high revenue growth rates Target Global Opportunity ~55-60 bps Current Opportunity ~34 bps Mobile +5–10 bps Mobile +4 bps ~$3.9b Mobile +$0.5b ~$24.0b +$4.0b

11 11 ©2014 Textura Corporation Multiple Long-term Growth Opportunities Market penetration Cross-sell solutions Global expansion Related markets Strategic acquisitions New products Future US, Canada, Australia Western Europe, Developed Asia Mining Oil and Gas Data Financing Price Approx. 8% penetration US, Canada, Australia 7 primary solutions Few multi- product clients Bundled sales/ pricing Platform strategy Project lifecycle from design to operation Integrated solution suite Submittal Exchange GradeBeam PlanSwift CPM PlanSwift Submittal Exchange GradeBeam PQM BidOrganizer LATISTA

12 12 ©2014 Textura Corporation Image: ExxonMobil Corporate Campus, Houston, TX – a project managed using Textura Construction Collaboration Solutions

13 13 ©2014 Textura Corporation Financial Overview Image: Denver International Airport South Terminal Redevelopment, Denver, CO – a project managed using Textura Construction Collaboration Solutions Jillian Sheehan EVP and CFO

14 14 ©2014 Textura Corporation Financial Highlights Strong growth Predictable highly visible growth Predictable highly visible growth High operating leverage Investing for growth Investing for growth

15 15 ©2014 Textura Corporation Consistently High Growth Rates 90%75%106%64% Revenue CAGR: 73% Year-over-year change Revenue CAGR: 77% 110%119%109%92%51%65% 72%77% Year-over-year change 76%74%70%60%45%46%38%45%50%90%75%69%44% Organic growth

16 16 ©2014 Textura Corporation Fiscal 2014 Guidance 61 - 65% year-over-year revenue growth $13.7 – $14.0 million Includes $0.4 – $0.6 million LATISTA contribution 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 LATIST A -------------------------------------------------------------------------------- Second Quarter FY 2014 FY 2014 FY 2014 62 - 70% year-over-year revenue growth $57.5 – $60.5 million 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

17 17 ©2014 Textura Corporation Image: World Trade Center Transportation Hub, New York, NY – a project managed using Textura Construction Collaboration Solutions Questions... and Thank You


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