Upland Software, Inc. · NASDAQ:UPLD

Upland Software — 19th Annual Needham Growth Conference (January 2017)

21 slides from Upland Software's conference presentation, Jan 11, 2017

  1. Slide 1: Upland Software, Inc. – Needham Growth Conference

    Run smoothly. Change quickly. Achieve more. Cloud-based enterprise work management software Upland Software, Inc. Needham Growth Conference January 2017 Jack McDonald Chairman & Chief Executive Officer, Upland Software

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This presentation includes “forward-looking statements,”, which are subject to substantial risks, uncertainties and assumptions, subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Accordingly, you should not place undue reliance on th

  3. Slide 3: $85mm Enterprise Cloud Software Provider

    $85mm Enterprise Cloud Software Provider (1)  Built on 100% Customer Success and long-term sustainable customer relationships  Award-winning cloud software for Project & IT Management, Workflow Automation, and Digital Engagement  2,500+ customers and 250,000+ users  Strong top-line growth throug

  4. Slide 4: 100% Customer Success

    100% Customer Success Customers realizing all the value they expect from our software and being delighted by the experience of being an Upland customer Foundation Measure Benefit Premier Success Renewal Program Customer-driven Net Expansion Innovation Promoter Cross-sell Quality-focused Score R&D (N

  5. Slide 5: Recurring Revenue Growth Trend

    Recurring Revenue Growth Trend Recurring Revenue ($ in millions) $71.2 $65.4 $57.2 $48.6 $30.9 $18.3 2012 2013 2014 2015 2016 (1) 1Q’17 (2) Annualized Actuals Guidance Source: Company information and management. (1) Full year guidance (at the mid-point) for the fiscal year ended December 31, 2016 as

  6. Slide 6: Quarterly Adjusted EBITDA Trend

    Quarterly Adjusted EBITDA Trend Adjusted EBITDA ($ in millions) $5.25 $4.0 $3.6 $2.8 $2.0 $1.8 $1.1 $0.7 $0.3 (2) (3) 1Q’15 2Q’15 3Q’15 4Q’15 1Q’16 2Q’16 3Q’16 4Q’16 1Q’17 Actuals (1) Guidance Source: Company information and management. (1) Quarterly reported results for periods ending 3/31/15, 6/30

  7. Slide 7: Recent Developments

    Recent Developments • Solid Q3’16 Results  Record Adjusted EBITDA @ 19%  21% year-over-year growth in recurring revenues • Strong Q4’16 and Q1’17 Guidance  Growth in Adjusted EBITDA to 26%(1)  17% year-over-year growth in recurring revenues(1) • Healthy M&A Activity  Four accretive acquisitions

  8. Slide 8: Upland Product Family

    Upland Product Family Project & IT Workflow Digital Management Automation Engagement Manage your organization’s Real time productivity Effectively engage projects, professional optimization, collaboration, with your customers, workforce and IT costs. and functional automation prospects and across yo

  9. Slide 9: Upland Product Family

    Upland Product Family Project & IT Workflow Digital Management Automation Engagement • Lean Six Sigma/Process Excellence • Enterprise Content Management • Application-to-Person Mobile • Project & Portfolio Management • Accounts Payable/Receivable Automation Messaging • Professional Services Automati

  10. Slide 10: Our Customers

    Our Customers Fix @ PEPSICO ay” SAP4 Ko) Oe, GRAND iHeart @ Swiss Re __pitneybowes ( ® Grew j da. (v.s.anu GE Healthcare ? SS oldman Johnson Y) ( wv) Sieh pb 7 eonals COATS PPG PPG Industries Ally , pfv nine w NVR § FY OF 0 E, HARLEY-OAVISON CHICAGO A, M At 7. Adobe ae “@Y wepicat cenTER ARAMARK =Te

  11. Slide 11: Efficient Sales Engine

    Efficient Sales Engine • Focus is driving repeat business with our 2,500+ customers and 250,000+ users • Target 100%+ NDRRs • Expansion and cross-sell • Premier Success up-sell • Inside sales • Focused Field SWAT team • High-touch Customer Success program with executive sponsorship 11

  12. Slide 12: Why Customers Choose Upland

    Why Customers Choose Upland Gartner Visionary Recognition(1) The Upland advantage: Highlighted in Gartner Magic Quadrant for Cloud-Based IT PPM Getting the best of both worlds (PowerSteering and Eclipse) Critical Capabilities Recognition(2) PowerSteering ranked among top three Enterprise-Class Built

  13. Slide 13: 2017 M&A Strategy

    2017 M&A Strategy • Acquire $15+ million revenues • High contribution margin tuck-ins on 3 core platforms • Disciplined EBITDA multiples • Adjusted EBITDA per share accretive within first year • Strong pipeline of deals • Have the resources to execute • Proven team has done 35 successful tech acquis

  14. Slide 14: Financial Highlights

    Financial Highlights  Strong top-line revenue growth through acquisitions  Recurring, predictable revenue model with high renewal rates  Diversified customer base  Expanding EBITDA margins through:  Accretive tuck-in acquisitions  Back-end dev, QA, offshore & cloud efficiencies  G&A/fixed cos

  15. Slide 15: Operating Targets (as a % of Revenue)

    Operating Targets (as a % of Revenue) Excludes Depreciation & Amortization and Stock-based compensation 1Q’15 2Q’15 3Q’15 4Q’15 1Q’16 2Q’16 3Q’16 4Q’16(4) 1Q’17(5) Target Guidance Guidance Model Revenue 100% 100% 100% 100% 100% 100% 100% 100% Non-GAAP Gross Margin(1) 68% 68% 68% 66% 67% 70% 70% 73%

  16. Slide 16: Appendix

    etl upland Appendix upland

  17. Slide 17: Adjusted EBITDA Reconciliation to Net Loss

    Adjusted EBITDA Reconciliation to Net Loss We define Adjusted EBITDA as net loss, calculated in accordance with GAAP, plus net income (loss) from discontinued operations, depreciation and amortization expense, interest expense, net, other expense (income), net, provision for income taxes, stock-base

  18. Slide 18: Upland Product Family

    Upland Product Family Product Who It Helps and How Key Business Value Primary Industries Gives IT financial leaders and business unit ITFM drives avg. of 5-10% cost leaders IT cost data and analytics to support saving through reduced demand Banking & Finance, Healthcare. strategic IT & financial dec

  19. Slide 19: Case Study: Project & IT Management

    Case Study: Project & IT Management + Challenge + A Fortune 500, multi-national conglomerate producing automotive interiors, HVAC equipment and controls, Johnson Controls needed an enterprise-level project tracking tool for a massive Six Sigma initiative + The organization sought a tool that would s

  20. Slide 20: Case Study: Workflow Automation

    Case Study: Workflow Automation + Challenge + A global agricultural marketing company, with more than 120 locations in North America, South America, and Asia, impacting global grain transport for use in food, feed, and renewable fuels, needed an enterprise tool to manage supply chain documentation.

  21. Slide 21: Case Study: Digital Engagement

    Case Study: Digital Engagement + Challenge + Viacom’s global cable TV network for kids needed an effective method for communicating with busy parents and millennials, to provide program and brand- related educational information, quizzes, conversation ideas, holiday-themed content, and “tune-in” rem

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