Par Technology Corporation · NYSE:PAR
Par Technology — Investor Presentation (May 2021)
20 slides from Par Technology's investor presentation, May 2021
Slide 1: Unified Commerce Cloud Platform
Unified Commerce Cloud Platform May 2021
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statem
Slide 3: PAR Overview
PAR Overview ◼ PAR invented the first stand alone POS system for Quick Service Restaurants and for over a generation has supplied POS terminals to the world’s largest restaurant organizations Our History ◼ Over the last few years PAR has transformed into a fast-growing SaaS provider of restaurant so
Slide 4: PAR by the Numbers
PAR by the Numbers $70mm 12.1k Brink 41k Punchh Live ARR Active Restaurant Locations Active Restaurant Locations $73mm ~5% Churn 115% 2020 Product Revenue 2020 Brink Gross Store Churn Punchh Net Dollar Retention $25mm 46% 500+ Brands 2020 Product Service Revenue PF* ARR CAGR 2017-2020 Customers Usin
Slide 5: A little about us…
TM A little about us…
Slide 6: PAR’s History – Natural Innovators
PAR’s History – Natural Innovators Founding Customer Wins & IPO Pivot to Software PAR is founded by Dr. John Sammon McDonald’s selects PAR as the PAR pivots into software with the US Department of Defense partner exclusive POS vendor. With strong acquisition of Brink™ cloud-native (fun fact: PAR sta
Slide 7: Our Values and Culture
Our Values and Culture The Values That The Culture We’re Ground Us Building Speed: we are the kind of Agile: we experiment, adapt people who don’t wait for quickly, and lean towards elevators action Ownership: we are Decentralized: we push owners not renters decisions to individual owners Impact: we
Slide 8: Our Products
Our Products Guest Professional Cloud POS Payments Backoffice Hardware Engagement Services Project Punchh Loyalty POS Terminals Management PAR Payment Services Mobile App Creation Punchh Brink POS Data Central POS Peripherals Campaigns Remote Support PAR Pay Drive Thru Merlin AI Communications Repai
Slide 9: What we’re building
TM What we’re building
Slide 10: Today Tech is Driving a Wedge … and Making Innovation a Pain Point
Today Tech is Driving a Wedge … and Making Innovation a Pain Point Integration Spaghetti: Tablet Hell: The average restaurant has 13 applications and Additional systems create operational pain and struggles with complex integration networks inhibits a positive customer experience Payroll POS Loyalty
Slide 11: Consumer Demand for Digital Experience is Growing
Consumer Demand for Digital Experience is Growing Personalized Convenient Contactless Higher Demand for Direct 3PO’s Offering Marketplaces & C19 Driving Technology Digital Experiences Easy Delivery Dependence It’s no longer just about the food – customers Aggregators are offering ease of ordering C1
Slide 12: Restaurants are Evolving in Response…
Restaurants are Evolving in Response… Old Preference New Direction Access to marketplace Direct customer relationships Best of breed tools Tightly integrated solutions Building tech in-house Finding strong tech partners Mass marketing campaigns Targeted personalization Profitability by restaurant lo
Slide 13: PAR’s Unified Commerce Cloud Helps to Solve the Modern Restaurant’s Problems
PAR’s Unified Commerce Cloud Helps to Solve the Modern Restaurant’s Problems Brink POS® Customer Guest identity, spend + Payment SaaS-based, EMV enabled, + Menu & Transaction Transaction information & + Operations Kitchen operations, COGS, behavior, and UI payment processing system of record and lab
Slide 14: Building a Unified Commerce Cloud Platform
TM Building a Unified Commerce Cloud Platform Guest Ordering Engagement Insights Payment PLATFORM Fulfillment & BOH & LML Production Combine capabilities into one cloud platform Eliminate need for cumbersome best-of-breed Avoid P2P integrations & 3rd party dependencies Enable new insights from unifi
Slide 15: Redefining the Restaurant of the Future
Redefining the Restaurant of the Future Personalized engagement (loyalty, offers, and communication) Omni-channel ordering (online, mobile, in-store) Seamless order retrieval (dine-in, pickup, or delivery) Frictionless payment (mobile, EMV, gift cards) Efficient order production (accurate, fast, fre
Slide 16: Food. People. Nothing in-between.
Food. People. Nothing in-between. TM
Slide 17: Continuing to Strengthen ARR Profile
Continuing to Strengthen ARR Profile Pro Forma ARR (U$D ‘000,000)* Brink Data Central Punchh 65 54 ✓ SaaS at scale 32 39 27 ✓ Maintained high growth 18 9 22 7 ✓ Low gross churn 9 6 3 25 19 10 14 ✓ Improved margin profile 2017 2018 2019 2020 *Note: Historical Pro Forma ARR includes Data Central (acqu
Slide 18: Investment Thesis
Investment Thesis 1. Foodservice market ready for disruption • Large TAM in restaurants with ~1m locations in the US spending 2-3% of total revenue on technology1 • The industry shift to cloud technology has led to an explosion in new technology from Voice AI to marketing technology 2. Meeting marke
Slide 19: Thank You!
T™ Thank You!
Slide 20: Recent Acquisition Summary: Punchh
Recent Acquisition Summary: Punchh ◼ A market-leading customer engagement platform encompassing loyalty, promotional campaigns and marketing AI ◼ Serves 210 brands across the restaurant spectrum, with $53m Contracted-ARR and 115% Punchh Overview net dollar retention ◼ Punchh ended 2020 with ~$32 mil