Slide 1: Quarterly Earnings Update Q4 and Full Year 2024
Smart Community and Smart Operations Solutions for the Rental Housing Industry QUARTERLY EARNINGS UPDATE Q4 and Full Year 2024 March 5, 2025
Slide 2: Forward-Looking Statements and Use of Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating pe
Slide 3: Strategic Vision Under New Leadership
Strategic Vision Under New Leadership Shane Paladin, President and CEO Creating a Scalable Foundation for Operational Excellence Our product and market opportunity remain compelling - now we’re aligning our operational infrastructure to match our growth ambitions Compelling Value Proposition SaaS Tr
Slide 4: Strategic Framework: Four Pillars and Near-Term Priorities
Strategic Framework: Four Pillars and Near-Term Priorities Building a Foundation for Sustainable Growth and Operational Excellence Q4 2024 Initiative Update Sustainable ARR Growth Prioritizing scalable, recurring Demand Generation - Creating a revenue. consistent pipeline of new opportunities and im
Slide 5: Q4 & FY 2024 Key Financial Highlights
Q4 & FY 2024 Key Financial Highlights Q4 Revenue Diversification Full Year SaaS Revenue Growth Full Year Adjusted EBITDA $35.4M $51.6M $(9.9)M +48% Total Revenue Declines primarily driven by overall 2024 annual improvements driven by +17% Adjusted EBITDA lower volumes in Units Shipped and SaaS ARPU i
Slide 6: Q4 and Full Year 2024 Revenue Performance
Q4 and Full Year 2024 Revenue Performance Q4 2024 Revenue ($ Millions) Full Year 2024 Revenue ($ Millions) $236.8 $60.3 $174.8 $35.4 Total Revenue Down 41% y/y Total Revenue Down 26% y/y 41% Due to overall lower New Units Deployed 26% Due to overall lower New Units Deployed 10% Hosted Services Reven
Slide 7: Units Deployed Performance
Units Deployed Performance Units Deployed Units Deployed at end of 2024 ~809K 12% growth in Units Deployed highlights continued market adoption Customer Net Revenue Retention(1) 111% As of December 31, 2024 12% Units Deployed Up 12% y/y Customer Churn(1) 0.07% As of December 31, 2024 (1) Strong Cust
Slide 8: Q4 & FY 2024 Key Takeaways
Q4 & FY 2024 Key Takeaways Highlights from the Quarter We are committed to Cost Management Operational Excellence New CEO Introduction Rigorous cost control measures and Shareholder Value Welcomed Shane Paladin as CEO to being implemented, ensuring operational agility and readiness to Creation lead
Slide 9: Appendix
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Slide 10: TTM Consolidated Balance Sheet
TTM Consolidated Balance Sheet (Unaudited, $ in thousands, except per share amounts) 10 Note: Information as of December 31, 2024. Source: SmartRent SEC filings.
Slide 11: TTM Condensed Consolidated Statement of Operations
TTM Condensed Consolidated Statement of Operations (Unaudited, $ in thousands, except per share amounts) 11 24 Note: Information as of December 31, 2024. Source: SmartRent SEC filings.
Slide 12: Quarterly - Reconciliation of net loss to EBITDA and Adjusted EBITDA
Quarterly - Reconciliation of net loss to EBITDA and Adjusted EBITDA (Unaudited, $ in thousands) 12 24 Note: Information as of December 31, 2024. Source: SmartRent SEC filings.
Slide 13: Full Year - Reconciliation of net loss to EBITDA and Adjusted EBITDA
Full Year - Reconciliation of net loss to EBITDA and Adjusted EBITDA (Unaudited, $ in thousands) 13 24 Note: Information as of December 31, 2024. Source: SmartRent SEC filings.
Slide 14: Definition of Key Operating Metrics
Definition of Key Operating Metrics We review the following operating metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our metrics are not based on any standardized industry methodology and are not
Slide 15: Thank You
THANK YOU For more information, please contact investors@smartrent.com