Slide 1: Intellinetics Investor Presentation
ge Intellinetics NYSE American: INLX Investor Presentation October 16, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements, including expressions of future goals, projections, statements about future business, statements about new products and services, growth, synergies associated with prior acquisitions, intentions, beliefs, expec
Slide 3: NYSE Closing Bell, January 30, 2023
= NYSE CLOSING BELL ARNE ee JANUARY 30, 2023
Slide 4: Investor Highlights
Investor Highlights Intellinetics enables digital transformation, using digital technologies to enhance business processes to meet changing business and market requirements. Large and growing addressable market + Document Management: SaaS * Significant market, growing, with continued unmet needs + D
Slide 5: Proven Leadership
Proven Leadership Matt Chretien i i Co-Founder of Intellinetics and Jim DeSocio : : President and Chief Strategy Officer Chief Executive Officer More than 20 years of experience in technology sales, consulting and software product life cycle management in the aerospace, e XRS — EVP Field Operations
Slide 6: Intellinetics Meets Market Needs
Intellinetics Meets Market Needs Solutions and Services that Enable and Accelerate Digital Transformation Unlock Organizational Data into a Digital Asset ee Gp * Payables Automation * Digital Mailroom * Document Scanning Microfiche/Film * Content Management (ECM) * Claims Processing * Workflow Autom
Slide 7: Software Solutions
Software Solutions Markets Served Local nm _ Government YellowFolder (purpose built for K-12) IntelliCloud Document Management IntelliCloud Payables Automation =~ . . gilntellinetics 7 KNOWLEDGE IN MOTION
Slide 8: IPAS — IntelliCloud Payables Automation System
IPAS — IntelliCloud Payables Automation System Transparency | Accountability | Efficiency | Accuracy AP Automation North America Our fully integrated IntelliCloud Payables Automation module utilizes Al to eliminate the costly manual steps in managing the accounts payable lifecycle. * 2021 =$0.92B *
Slide 9: IPAS — Customer Acquisition Strategy
IPAS — Customer Acquisition Strategy Partner Driven Strategy - The ERP Partner is the Customer Benefits to Intellinetics Benefits to ERP Partner * Lowers customer acquisition costs ¢ Broad content services IP / software portfolio * Eliminates barriers for us * Proven track record * Creates barriers
Slide 10: IPAS — Competitive Advantages & Customer Results
IPAS — Competitive Advantages & Customer Results 1. User Experience * Use of Color Innovations for Guidance 2. Al Collaboration Panel 3. Modular Integration * Premise / Cloud / Hybrid * Capabilities: ¢ Al Capture * Workflow * Document Management Platform *Single customer; results vary by customer. C
Slide 11: Successful Track Record of Value-Added Acquisitions
Successful Track Record of Value-Added Acquisitions Acquisitions have accelerated growth and enabled a transition to a SaaS model Recurring revenue now represents approx. 61% of total revenue Acquisitions have added over $12M in incremental, profitable $5.1 revenue Core business has grown approx. 10
Slide 12: SaaS and Recurring Revenue: Building to the Future
SaaS and Recurring Revenue: Building to the Future Approximately 57% of total Q2’24 revenue is recurring®, improving predictability and profitability 2023 Revenue 15 13 9in millions a. $5.3 > $5.4 % 7 32 Non-recurring 5 3 $0.8 1 1 2019 2020 2021 2022 2023 Recurring m™Non-recurring = as 5 Please see
Slide 13: Full-Year Income Statement
Full-Year Income Statement 12 mos ended Dec 31 $ 000's 2023 2022 2021 2020 Revenues 16,886 14,017 11,460 8,253 + Revenue Growth 21% 22% 39% 225% Cost of revenues 6,322 5,108 4,517 3,262 Gross profit 10,564 8,909 6,943 4,991 * GP% 63% 64% 61% 60% Earnout fair value - 88 141 1,555 Transaction costs -
Slide 14: Second Quarter 2024 Performance
Second Quarter 2024 Performance * Grew revenue 9% to $4.6M * Growth was completely organic * SaaS revenue increased 9.6% and professional service revenue grew 15.8% * Earnings Per Share (diluted) of $0.02 vs. $0.03 * Net Income $75k vs $136k * Adj EBITDA up 7.1% $698K vs. $652K Revenue $4.6 $4.3 $2.
Slide 15: Balance Sheet and Capital Structure
Balance Sheet and Capital Structure Balance Sheet | 6/30/2024 | 12/31/2023 2 Shares Outstanding: 4.11M Cash $1.7M $1.2M Weighted Avg Diluted Shares: 4.11M Total Assets $18.9M $19.0M a Preferred Stock: NONE Deferred Revenues $2.8M $2.9M Debt Principal $2.1M* $3.0M B Wiautants: 0.266 Total Liabilities
Slide 16: Thank You!
g Intellinetics Thank You! Jim DeSocio, President and CEO Joe Spain, CFO NYSE American: INLX This presentation can be found at www..intellinetics.com r ‘ = . . gilntellinetics 16 KNOWLEDGE IN MOTION
Slide 17: Appendix: Non-GAAP Financial Measure
Appendix Non-GAAP Financial Measure Intellinetics uses non-GAAP Adjusted EBITDA as a supplemental measure of our performance that is not required by, or presented in accordance with, accounting principles generally accepted in the United States (GAAP). A non-GAAP financial measure is a numerical mea
Slide 18: Appendix: Recurring Revenue
Appendix Recurring Revenue: Recognized revenue for any applicable period that we characterize as being recurring in nature, without regard to contract start or end dates or renewal rates. It includes the following revenue types: SaaS subscription agreements, maintenance contracts related to perpetua