Rimini Street, Inc. · NASDAQ:RMNI

Rimini Street — Investor Presentation (December 2017)

32 slides from Rimini Street's investor presentation, Dec 4, 2017

1. Slide 1: Investor Presentation December 2017

   1 Property of Rimini Street © 2017 1 Investor Presentation December 2017

2. Slide 2: Trademarks, Disclaimer and Forward Looking Statements

   Property of Rimini Street © 2017 2 “Rimini Street” is a registered trademark of Rimini Street, Inc., and Rimini Street, the Rimini Street logo, and combinations th ereof, and other marks marked by TM are trademarks of Rimini Street, Inc. ("Rimini“, the “Company”). All other trademarks remain the pro

3. Slide 3: Investment Highlights

   Property of Rimini Street © 2017 3  $ 5B+ capital raised, 50+ investments & 20+ capital market transactions  $30B+ assets under management Investment Highlights Large Market Opportunity Compelling Client Value Proposition High Growth, Predictable Business Model Significant Cash Flow Generation Div

4. Slide 4: Company Overview

   Property of Rimini Street © 2017 4 Company Overview

5. Slide 5: Company Snapshot

   Property of Rimini Street © 2017 5 $85 $118 $160 $204 0 40 80 120 160 200 $240 2014A 2015A 2016A 2017E (US$ in millions) Company Snapshot Founded: 2005 Public: October 2017 – Nasdaq: RMNI Global Headquarters: Las Vegas, NV Employees: Approximately 900 Active Clients: Over 1,450 Global Offices : Beij

6. Slide 6: Highly-Experienced Management Team

   Property of Rimini Street © 2017 6 Highly - Experienced Management Team Thomas Shay SVP & CIO Seth Ravin Founder & CEO Daniel B. Winslow SVP & General Counsel David Rowe SVP & CMO Sebastian Grady President Kevin Maddock SVP, Global Sales Nancy Lyskawa SVP, Global Client Onboarding Thomas Sabol SVP,

7. Slide 7: Platforms Supported

   Property of Rimini Street © 2017 7 Platforms Suppor t e d Proven History of Value Creation as a Disruptor

8. Slide 8: High Cost, Low Value for Maintenance Dollars

   Property of Rimini Street © 2017 8 • “SAP upgrades to subsequent versions provide few or no advantages for the user. We wanted to continue using our current SAP R/3 4.7 version, while we explore alternatives for the future.” • “We were faced with the tough decision of going through a forced upgrade

9. Slide 9: The Rimini Street Solution

   Property of Rimini Street © 2017 9 The Rimini Street Solution Software Vendor Rimini Street Independent Support Focus Vendor - Centric Client - Centric Cost Model 22% Annual Fee 11% Annual Fee Support Coverage Vanilla Software Only Vanilla Software and All Custom Code Delivery Model Book Trained Hel

10. Slide 10: Case Study – NCH Corporation

    Property of Rimini Street © 2017 10 Case Study – NCH Corporation NCH saving 83% compared to Oracle’s annual support program costs with switch to Rimini Street Support $1,000,000 $1,600,000 $330,000 $20,000 $0 $0 $0 $500,000 $3,000,000 50% saving on $1,000,000 Savings by avoiding two upgrades over 10

11. Slide 11: Rimini Street: A Long-Term Partner for Clients

    Property of Rimini Street © 2017 11 • Upgrade Support & Best Practices • Engineers with 15 + Average Years Experience • Highly Compensated Engineers • Accelerate Globalization • Avoid Business Disruption • Capabilities for ~200 Countries • Expand License Rights • Purchase New Products • Mergers & Ac

12. Slide 12: Overview of Market Opportunity

    Property of Rimini Street © 2017 12 Overview of Market Opportunity

13. Slide 13: Billion Market Opportunity

    Property of Rimini Street © 2017 13 $ 87 Billion Market Opportunity $ 15 Billion TAM for Current and Planned Rimini Street Products $14.5 Billion IBM + Microsoft + Oracle + SAP Total Rimini Street Annual Market Opportunity (1) Currently Supported Products $360 Million (2) Cloud / SaaS • SAP Business

14. Slide 14: Competitive Landscape

    Property of Rimini Street © 2017 14 Competitive Landscape Independent Support Vendors Software Vendors Primary Competitors Few competitors and a defensible market position • Substantial cost savings • Support for all custom code • Custom global tax, legal and regulatory support • Excellent service e

15. Slide 15: Growth Drivers

    Property of Rimini Street © 2017 15 Growth Drivers Note: Diagram shown only for illustrative purposes and is not indicative of magnitude of growth driver potential or priority. Global Expansion New SaaS Products New License Products Existing Clients  E nter additional countries  Expand capabilitie

16. Slide 16: Financial Overview

    Property of Rimini Street © 2017 16 Financial Overview

17. Slide 17: High Growth, Predictable Net Revenue

    Property of Rimini Street © 2017 17 $85 $118 $160 $204 0 50 100 150 200 $250 2014A 2015A 2016A 2017E (US$ in millions) High Growth, Predictable Net Revenue ( 1): 2017E shown as the low and high end of the net revenue guidance range . (2): RMNI may deliver some limited consulting services around its

18. Slide 18: Key Operating Metrics

    Property of Rimini Street © 2017 18 $102 $132 $187 $214 0 40 80 120 160 200 $240 12/31/14 A 12/31/15 A 12/31/16 A 09/30/17 A (US$ in millions) 658 853 1,226 1,459 0 200 400 600 800 1,000 1,200 1,400 1,600 12/31/14 A 12/31/15 A 12/31/16 A 09/30/17 A Key Operating Metrics ( 1 ): See Annualized Subscri

19. Slide 19: Historical Financial Performance

    Property of Rimini Street © 2017 19 (1): EBITDA is a non - GAAP measure, see EBITDA reconciliation on page 28 for historical reconciliation to the closest GAAP measure. (2): Adjusted EBITDA is a non - GAAP measure, see Adjusted EBITDA reconciliation on page 28 for historical reconciliation to the c

20. Slide 20: GP Investments Acquisition Corp. Combination Overview

    Property of Rimini Street © 2017 20 GP Investments Acquisition Corp. Combination Overview

21. Slide 21: Key Transaction Highlights

    Property of Rimini Street © 2017 21  On May 16, 2017 Rimini Street and GP Investments Acquisition Corp. (“ GPIA ”) announced the signing of a definitive merger agreement  On October 11, 2017 Rimini Street and GPIA completed their merger and Rimini began trading on the NASDAQ exchange under the tic

22. Slide 22: Post-Transaction Ownership

    Property of Rimini Street © 2017 22  58,580,796 common shares outstanding  13,260,000 options and 3,440,424 warrants in - the - money (1)  Approximately 14.7 million warrants out - of - the - money (2)  Reflective of:  Rimini shareholders rolling 100% of their equity into the new public company

23. Slide 23: Leader in Alternative Investments

    Property of Rimini Street © 2017 23 Leader in Alternative Investments  Since its foundation in 1993, GP Investments has completed over 50 investments across multiple sectors and over 20 capital markets transactions  Over $5 billion raised from investors worldwide and over $1 billion of proprietary

24. Slide 24: Conclusion

    Property of Rimini Street © 2017 24 Conclusion

25. Slide 25: Summary Highlights

    Property of Rimini Street © 2017 25 • Strong and Disruptive Business with 47 Consecutive Quarters of Net Revenue Growth • Proven Management Team with Strong Execution History • Market Opportunity of more than $87 Billion and Run - Rate Net Revenues of $200+ Million • Company Positioned for Accelerat

26. Slide 26: | Proprietary and

    Property of Rimini Street © 2017 | Proprietary and Confidential 26

27. Slide 27: Appendix

    Property of Rimini Street © 2017 27 Appendix

28. Slide 28: Unaudited GAAP to Non-GAAP Historical Reconciliations

    Property of Rimini Street © 2017 28 Unaudited GAAP to Non - GAAP Historical Reconciliations Note: May not sum due to rounding. Reconciliations (US$ in millions) 2014A 2015A 2016A 9M 2016A 9M 2017A GAAP Net Income (Loss) ($127.8) ($45.3) ($12.9) ($37.0) ($49.4) Interest expense 0.7 0.8 13.4 5.0 33.6

29. Slide 29: Supported Products

    Property of Rimini Street © 2017 29 Supported Products Product Lines: ALL Releases: 5.x, 6.0x, 6.3x, 7.0x, 7.5x, 7.7x, 7.8x and 8.x Product Lines: HCM, FIN, CRM, EPM, SRM, SCM, Public Sector and Campus Solutions Releases: 7.x, 8.x and 9.x Product Lines: ALL Releases: MS SQL Server 2008 and later Pro

30. Slide 30: Summary of Key Operating Metrics

    Property of Rimini Street © 2017 30 Summary of Key Operating Metrics  Active client - Distinct entity, such as a company, an educational or government institution, or a subsidiary, division, or business unit of a company that purchases Rimini Street services to support a specific product  Growth i

31. Slide 31: Glossary

    Property of Rimini Street © 2017 31 • Customer Lifetime Value (LTV): Equal to average gross profit percentage over the forecast period per client multiplied by the average customer life • Customer Acquisition Costs (CAC): Equal to total sales and marketing costs (excludes Global C lient E ngagement

32. Slide 32: About Non-GAAP Financial Measures and Certain Key Metrics

    Property of Rimini Street © 2017 32 About Non - GAAP Financial Measures and Certain Key Metrics To provide investors and others with additional information regarding Rimini Street’s results, we have disclosed the followin g n on - GAAP financial measures and certain key metrics. We have described be

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