Veritone, Inc. · NASDAQ:VERI
Veritone — Investor Presentation (August 2021)
25 slides from Veritone's investor presentation, August 2021
Slide 1: aiWARE: The OS for AI
aiWARE : TM The OS for AI Investor Presentation | August 2021 Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners. Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective
Slide 2: Forward Looking Statements & Disclaimers
Forward Looking Statements & Disclaimers This presentation of Veritone Inc. (the “Company”) contains forward-looking statements that involve substantial risks and uncertainties. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potenti
Slide 3: Company belief statement on AI
“We are driven by the belief that Artificial Intelligence is key to building a safer, more vibrant, transparent, and empowered society. We are determined to be an active contributor to shaping our future for the better.” Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks a
Slide 4: Veritone's Business in 2 minutes
Veritone’s Business in 2 minutes https://vimeo.com/548657409 Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners. NASDAQ: VERI 4
Slide 5: Veritone at a Glance
Veritone at a Glance Overview Key Indicators Seeing Momentum • Veritone’s operating system for artificial intelligence, aiWARETM, orchestrates a diverse ecosystem of machine learning models to Financials transform audio, video, text, and other unstructured data sources $19.2M +86% +32% into actionab
Slide 6: Recent Events
Recent Events Launched Device Learning MARVEL.ai Model for SMA Sunny Veritone to Acquire Central A hyper-realistic synthetic Voice as a Service PandoLogic (VaaS) solution that allows anyone to create, Furthers Veritone GRID Initiative to Expanding AI Platform for Intelligent manage, share, and monet
Slide 7: PandoLogic at a Glance
PandoLogic at a Glance Company Overview Award Winning • Automated talent acquisition platform that empowers employers to find the right talent, at the right time, in the right place. • Serves an enterprise customer base within a large and growing market, which is looking to automate human-led soluti
Slide 8: Transaction Details
Transaction Details Definitive Agreement Signed: Expected Closing Date: ● July 21, 2021 ● Mid-September (subject to customary regulatory approvals) Closing Consideration: $85 million Earnout Consideration: $65 million (based on fiscal 2021 and 2022 targets) ● $50 million cash ● $43.3 million cash ●
Slide 9: Capitalization Table
Capitalization Table Sources Capitalization Table Amount % of Total Pro Forma Cash $ 50.0 33.3% 9/30/2021 Veritone Equity 35.0 23.3% Cash $ +70.0 Deferred Consideration 65.0 43.3% Debt - Total Sources $ 150.0 100.0% Total Cash over Debt $ +70.0 Uses 2021 Pro Forma Financial Metrics Amount % of Total
Slide 10: Unstructured Data is Inaccessible Without AI
Unstructured Data is Inaccessible Without AI $100B TAM by 2025 | 35% CAGR* * Source: Omdia Artificial Intelligence Software Market Forecast, June 29, 2020 ** Source: Gartner 2020 Strategic Roadmap for Storage, July 1, 2020 Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks
Slide 11: aiWARE Targets Massive Market Opportunities
aiWARE Targets Massive Market Opportunities Intelligent Process Machine Learning AI Platform & Developer Automation Operations Tools aiWARE brings AI into an overall IPA system that aiWARE helps organizations effectively Addressing the deploy, integrate, and contains BPA, RPA, BI, and document captu
Slide 12: The Energy Opportunity is One of the Largest
The Energy Opportunity is One of the Largest In the energy market, according to Frost and Sullivan (Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030), it is estimated that $3.4 trillion will be invested in renewable energy over the next 10 years. We believe that the ap
Slide 13: Investment Highlights
Investment Highlights Unique operating system for Flexible platform that is extensible to Blue-chip customer base and Artificial Intelligence (AI) and driving many systems and applications in the large industry-leading partners Enterprise AI transformation and growing market for AI software, which i
Slide 14: The Veritone aiWARE Platform
The Veritone aiWARE Platform Transform audio, video, text, and other data sources into actionable intelligence 3rd Party & Veritone Application Suite Custom API FAST TO MARKET “OS for AI” ecosystem of hundreds of best-of- breed, ready-to-deploy Application Layer Application Development AI engines FU
Slide 15: Veritone Timeline
Veritone Timeline Launched aiWARE 3.0 (Dynamic scaling enabling versatile deployment) Launched aiWARE 2.0 (real-time processing) • 3.0 Vastly improved stability, efficiency, performance • 2.0 enables expansion of market • Announced support for opportunities beyond Media NVIDIA CUDA & EGX • Acquired
Slide 16: Industry Solutions
Industry Solutions GLC SaaS ENERGY SaaS M&E SaaS SOLUTIONS CONTENT MONETIZATION VERITONE IDENTIFY VERITONE FORECASTER VERITONE ATTRIBUTE VERITONE ONE Intelligent, Rapid Suspect Identification for Accurately predict energy supply, demand and Intelligent, Real-Time Media Attribution for The world’s la
Slide 17: Leadership Team
Leadership Team CHAD STEELBERG RYAN STEELBERG MIKE ZEMETRA Co-founder, Chief Executive Co-founder, President Executive Vice President & Chief Officer & Chairman of the Board Financial Officer Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their resp
Slide 18: Operational & Financial Update
Operational & Financial Update Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 18
Slide 19: Business and Financial Momentum
Business and Financial Momentum 5 Year Financial Performance Trailing 5 Quarters Financial Performance Revenue ($000s) +141% YOY 62% CAGR Non-GAAP Net Loss Note: Forecasted and estimated figures are based on guidance provided August 3, 2021 that assumes a late Q3 2021 close for the acquisition of Pa
Slide 20: Second Quarter 2021 Results – Summary
Second Quarter 2021 Results – Summary • aiWARE SaaS delivered exceptional Q/Q and Y/Y growth, driven by strength in the GLC and M&E verticals • Advertising again benefitted from strength in digital and social platform advertising due to our focus in those markets. • Content Licensing grew double dig
Slide 21: PandoLogic Transaction Details
PandoLogic Transaction Details Definitive Agreement Signed: Expected Closing Date: ● July 21, 2021 ● Mid-September (subject to customary regulatory approvals) Closing Consideration: $85 million Earnout Consideration: $65 million (based on fiscal 2021 and 2022 targets) ● $50 million cash ● $43.3 mill
Slide 22: Balance Sheet Summary
Balance Sheet Summary (in Thousands) June 30, 2020 Cash and Cash Equivalents $120,627 Current Assets $168,872 Total Assets $186,927 Current Liabilities $104,711 Total Liabilities $106,700 Stockholders’ Equity $80,277 Common Shares Outstanding 32,874 (excluding options, RSUs and warrants) Copyright ©
Slide 23: Appendix
Appendix Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 23
Slide 24: Second Quarter 2021 Results Detail and Guidance
Second Quarter 2021 Results Detail and Guidance Guidance as of Aug 4, 2021 ($ in Thousands) 2Q:20A 3Q:20A 4Q:20A 1Q:21A 2Q:21A 3Q:21E FY 2021E Advertising (Net) $7,038 $8,764 $9,747 $10,327 $9,969 aiWARE SaaS $3,002 $3,351 $4,402 $4,685 $5,580 aiWARE Content & Licensing $3,228 $3,603 $2,669 $3,283 $
Slide 25: Second Quarter 2021 Results - KPIs
Second Quarter 2021 Results - KPIs 2Q:20 3Q:20 4Q:20 1Q:21 2Q:21 Advertising Average gross billing per active client (in $614 $625 $632 $713 $715 000s)(1) Net revenues during quarter (in 000s) $6,140 $7,372 $8,138 $8,317 $7,881 aiWARE SaaS Solutions Total accounts on platform at quarter end 1,753 1,