Tribe Property Technologies Inc · TSXV:TRBE
Tribe Property Technologies — Q4 2023 Earnings Presentation
12 slides from Tribe Property Technologies's earnings presentation, May 2024
Slide 1: Q4 & Year-End 2023 Financial Results Presentation
TSXV : TRBE OTCQB : TRPTF Community Living, Simpli ied Q4 & Year-End 2023 Financial Results Presentation May 2024 TribeTech.com f
Slide 2: Disclaimer and Cautionary Statement Regarding Forward-Looking Information
TSXV : TRBE OTCQB : TRPTF This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of, or to engage in any other transaction with Tribe Property Technologies Inc. (“Tribe” or the "Company“) or any other person. None of the Company’s securities have
Slide 3: Overview
Overview TSXV : TRBE OTCQB : TRPTF Record Revenue in Q4 and full year 2023 51% improvement in Adjusted EBITDA (YoY) driven by cost reduction and workflow optimizations Gross margin of 47% in Q4-2023, compared to 37% in Q4-2022 Outlook looks strong for 2024 Robust pipeline of additional M&A and organ
Slide 4: Financial Highlights for Q4 - 2023
Financial Highlights for Q4 - 2023 TSXV : TRBE OTCQB : TRPTF Q4-2023 Q4-2022 Revenue $5.11 million $4.75 million Gross Margin% 46.7% 36.7% Adjusted EBITDA ($1.03 million) ($2.08 million) 4
Slide 5: Financial Highlights for 2023
Financial Highlights for 2023 TSXV : TRBE OTCQB : TRPTF 2023 2022 Revenue $19.39 million $17.81 million Gross Margin% 41% 37.9% Adjusted EBITDA ($6.56 million) ($8.18 million) 5
Slide 6: Revenue Analysis
Revenue Analysis TSXV : TRBE OTCQB : TRPTF Consolidated Revenue - (000’s) (1) Average MRR per Community (2) $19,390 $15,830 $17,813 MRR/Community Communities 700 Average MRR per $4,213 $2,600 $2,887 576 Communities Community $2,200 2021 2023 452 FY2019 FY2020 2022 328 $1,800 204 $1,400 $5,110 $4,748
Slide 7: Acquisition of Meritus Group Management
Acquisition of Meritus Group Management TSXV : TRBE OTCQB : TRPTF Professional condo management firm based in Greater Toronto Area Adding over 5,000 Homes under Management Over 20 years of experience with offices in Toronto and Cambridge 7
Slide 8: Q4-2023 Growth Highlights
Q4-2023 Growth Highlights TSXV : TRBE OTCQB : TRPTF $5.1M 3 (21)* 8 (37) Tribe reports Q4-2023 revenue of New property developers signed to Tribe HomePro Software agreements $5.1 million, an increase of use Tribe HomePro pre & post signed for new construction projects in 8% over same Q4-2022. constr
Slide 9: Revenue Generators
3 Revenue Generators TSXV : TRBE OTCQB : TRPTF Software and Service Recurring $16.90 million in 2023 Revenue Transactional $2.08 million in 2023 Revenue Digital Services & Partnerships 0.40 million in 2023 Revenue 9
Slide 10: Key Goals for 2024
Key Goals for 2024 TSXV : TRBE OTCQB : TRPTF 01 Increase Monthly Recurring Revenue. 02 Complete additional acquisitions to augment organic growth and add incremental EBITDA. 03 Drive Ef iciencies in the business to improve pro itability. 04 Increase partnership revenue per community. 10 f f
Slide 11: 2024 Growth Outlook
2024 Growth Outlook TSXV : TRBE OTCQB : TRPTF Despite inflation, interest rates, and new construction trends, Tribe continues to see no signs of business downturn 01 Continue to drive towards pro itability Continuing to execute on cost saving strategies which will result in improved gross margins an
Slide 12: Q&A
TSXV : TRBE OTCQB : TRPTF Q&A 12
Tribe Property Technologies — Q4 2023 Earnings Presentation on 6ix