Exp World Holdings, Inc. · NASDAQ:AGNT
Exp World — eXp Realty International — Investor Presentation (October 2015)
32 slides from Exp World's investor presentation, Oct 6, 2015
Slide 1: eXp Realty The Agent-Owned Cloud Brokerage
eXp Realty The Agent - Owned Cloud Brokerage ™ OTCQB : EXPI 1 2 1 1
Slide 2: Important Cautionary Statement
Important Cautionary Statement This presentation contains forward - looking statements, as defined in the Private Securities Litigation Reform Act of 1995. All s tatements other than historical facts are forward - looking statements, including without limitation, those regarding activities, events,
Slide 3: Overview of eXp Realty International Corp.
Overview of eXp Realty International Corp. eXp Realty LLC Real Estate Industry Backdrop eXp International and Subsidiaries Financial Overview Value Proposition for Agents and Brokers 2
Slide 4: eXp Realty International Corporation Management and Board
eXp Realty International Corporation Glenn Sanford, Founder / CEO / CFO Numerous Public and Private Enterprises in the 90’s in Various Capacities from Founder to Investor Relations Jason Gesing, President Legal and Brokerage Background Strong Public Relations Background. Facilitated significant grow
Slide 5: eXp Realty International and Subsidiaries
eXp Realty International Corporation eXp Realty International and Subsidiaries eXp Realty International Corp (OTCBB: EXPI) eXp Realty Acquisition Corp eXp Realty, LLC First Cloud Mortgage Inc. 80.5% Interest eXp Realty of Washington Inc. eXp Realty of Canada Ltd eXp Realty of Connecticut, LLC Nation
Slide 6: Residential Real Estate Industry Backdrop
Residential Real Estate Industry Backdrop ● Residential Real Estate Brokerage* ○ $20 Billion in Real Estate Commissions Generated / Year ■ 5.43 Millions Homes Sold in 2014 ■ 2 Million Active Licensed Real Estate Professionals ○ Highly Fragmented* ■ 85,000 Different Real Estate Firms Nationally ■ Alm
Slide 7: Residential Real Estate Industry Backdrop
Residential Real Estate Industry Backdrop ● Limited Opportunity in the Public Company Arena and No Significant Growth Players outside eXp Realty ○ Realogy Holdings - $RLGY ○ Remax Holdings - $RMAX ○ Berkshire Hathaway - $BRK - A ○ The Last Small Publicly Traded Brokerage Acquired by Realogy in 2014
Slide 8: Welcome to eXp Realty
% Welcome to exp Realty The Agent-Owned Cloud Brokerage™ Frnd the perfect home: Search milons of properties
Slide 9: eXp Realty LLC
eXp Realty LLC ● Cloud - based Residential Real Estate Brokerage ○ Limited Bricks and Mortar Footprint ○ Low Cost of Entry into New Markets ● Operating in 31 States and Part of Canada ○ Over 77 Different MLS Market Areas ● Agent Centric Model ○ Financially Rewards Agents and Brokers ■ Transactions ■
Slide 10: Key Management
Key Management EXPI (OTCQB) Brad Andersohn joined eXp Realty in early 2015 as Director of Education and Industry Outreach. Mr. Andersohn has more than 17 years in the Real Estate Industry including with First American Title; as the Community Manager at ActiveRain (the largest Social Network for Real
Slide 11: eXp Realty Agent Count Quarter Over Quarter
eXp Realty Agent Count Quarter Over Quarter and Projected Agent Ownership Initiative *Icon Agent Program *Brad Andersohn Joins Executive Team *New Cloud - Campus *First Cloud Mortgage Inc. *Fastest Growing Brokerage in Austin *Hawaii Launch (31st State) *Gene Frederick Joins in Austin TX *Direct Pur
Slide 12: What is driving eXp Realty's growth?
What is driving eXp Realty’s growth? MOBILITY eXp Realty provides agents & brokers freedom, flexibility and accountability without the burden of brick and mortar obligations or capital requirements. OWNERSHIP As a public company eXp Realty provides a revenue sharing program whereby agents & brokers
Slide 13: The Amazon of Real Estate
“The Amazon of Real Estate” The 2013 Swanepoel Trends Report identifies the cloud - based model as a powerful new innovation whose time has come. eXp Realty is the company leading the way and continues to be written up in trade and technology magazines.
Slide 14: What is a Cloud Brokerage?
What is a Cloud Brokerage? eXp Realty is changing the way that agents, brokers and consumers work together. A cloud brokerage: ● Creates collaborative community ● Allows for interaction with other top professionals around the world ● Cuts out expenses, enabling the brokerage to share the additional
Slide 15: Some of the People Joining eXp Realty
Some of the People Joining eXp Realty Kim and Doug Hayden Calgary Alberta Icon Agents Top 1% in Calgary Alberta TV Show Across Canada on Shaw Cable Micah Mruwat Oklahoma City 1 Year Ago Launched in OKC. 25 Agents Attracted in 12 months. Dynamic Career in TV prior to Real Estate. Gene Frederick Austi
Slide 16: Some of the People Joining eXp Realty
Some of the People Joining eXp Realty Vikki Bartholomae Houston, Texas Built some of the fastest growing market centers in Southern California. Ron Chin San Francisco, CA Former Managing Broker with RE/MAX and Broker Owner with United Realty and Mortgage Corp. Allison Gaddy Austin, TX and Charlotte,
Slide 17: Slide 17
Slide 18: Why Cloud-Based Realty?
Why Cloud - Based Realty? EXPI (OTCQB) Cloud technology enables eXp Realty to offer agents & brokers full - spectrum support in real - time from lead generation to professional development and collaboration without the cost of brick & mortar infrastructure.
Slide 19: What If You Need a Place to Work, an Office or a Conference Room?
What If You Need a Place to Work, an Office or a Conference Room?
Slide 20: What Is eXp Realty's Mission?
“eXp Realty’s family of agents and brokers build their own businesses while establishing a direct ownership interest in eXp Realty International Corporation as a shareholder and partner. We believe our equity offering will continue to resonate and reshape the realty brokerage model.“ Glenn Sanford,
Slide 21: Startup Costs & Fees
Startup Costs & Fees Setup (one time) $99 Startup Fee Includes Cards & Folders Annual and Monthly Costs $50/Mo Fee $420/Yr University Tuition *Taken out of first Closing of the fiscal year
Slide 22: Commission Split
Commission Split $16,000 Yearly Cap 80/20 Commission Split on first $80,000 GCI 100% for the remainder of your year Per Transaction Fee $25 Broker Review $30* E&O Insurance ($500 cap/year) *CA $40 For Capped Agents - 100% Commission to the agent $250* Transaction Fee $25 Broker Review $30 E&O Insura
Slide 23: Revenue Share Levels
Revenue Share Levels eXpansion Share % (Only need to be active to Qualify) Active Personally Recruited Agents (FLQR) eXponential Share % Total Share % 1 1+ 3.5% 3.5% 2 0.2% 5+ 3.8% 4.0% 3 0.1% 10+ 2.4% 2.5% 4 0.1% 15+ 1.4% 1.5% 5 0.1% 20+ 0.9% 1.0% 6 0.5% 25+ 2.0% 2.5% 7 0.5% 40+ 4.5% 5.0% Revenue S
Slide 24: Agent Ownership
Agent Ownership eXp Realty International Corp OTCQB: EXPI Publicly traded Agents earn ownership: 2015 Incentive Program Direct Purchase Program & Icon Agent Program ● 100 shares for First Closing ● 1,000 shares for Capping ● 1,000 shares for Each Recruit*
Slide 25: Direct Purchase Program for Agent and Brokers
● Introduced in April 2015 ● Agents and Brokers can Voluntarily Contribute 5% of the Gross Commission Income to the Purchase of EXPI Stock ● 36.7% of Agents and Brokers Are Part of the Program ● Average Additional Paid In Capital from program in excess of $25,000/month Direct Purchase Program for Ag
Slide 26: Icon Agent Program
● Top Agents Can Receive Their Personal Cap back in the form of Equity in EXPI ● 25% Vests Immediately ● 75% Vests at 3 Year Anniversary of Award ● Icons Attract Attention of Others in their Marketplace Icon Agent Program Note: < 2% of Agents at eXp Realty qualify however since the launch of the pro
Slide 27: Financial Overview
Seem hee Seon ene Financial Overview
Slide 28: Key Metrics
Key Metrics EXPI (OTCQB) Stock Price (10/5/15) $0.74 Market Cap $36.7 mm Shares outstanding(1) 49.62 mm Public Float 10.35 mm Insider holdings 75% (ttm) = trailing 12 months at June 30, 2015 (mrq) = most recent quarter June 30, 2015 (ft) + Full - Time Employees (1) Shares Issued and Outstanding at 6
Slide 29: Key Financial and Operating Metrics
Key Financial and Operating Metrics Highlights • One of the fastest growing real estate brokerages in the country • Latest Quarter marked 57% top line revenue growth vs. same quarter 2014. 2nd Quarter Revenues $5.6 Million • 2014 - $13,000,000+ Revenues. ttm through 2Q 2015 $16,400,000+ • Over 60% Y
Slide 30: Recent Financial Information
Recent Financial Information EXPI (OTCQB)
Slide 31: Recent Financial Information
Recent Financial Information EXPI (OTCQB)
Slide 32: Contact Us
Contact Us Investor Relations investors@eXpRealty.com http://investors.exprealty.com/ OTCQB: EXPI 888.761.8208 Corporate HQ 1321 King Street #1 Bellingham, WA 98229 Tel .360 - 685 - 4206 TF: 844 - EXP - REAL http://www.eXpRealty.com
eXp Realty International — Investor Presentation (October 2015) on 6ix