Par Technology Corporation · NYSE:PAR
Par Technology — Q3 2021 Earnings Presentation
12 slides from Par Technology's earnings presentation, Nov 9, 2021
Slide 1: Q3 Quarterly Results
Q3 Quarterly Results November 9, 2021 NYSE: PAR
Slide 2: Forward-Looking Statements. Non-GAAP Financial Measures
Forward-Looking Statements. Non-GAAP Financial Measures This presentation contains "forward-looking statements" within the meaning of Section The Company reports its financial results in accordance with GAAP. However, non- 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Se
Slide 3: Q3 Financials
Q3 Financials Three months ended Percentage of total Increase September 30, revenue (decrease) in thousands 2021 2020 2021 2020 2021 vs 2020 Revenues, net: Product $ 30,291 $ 20,470 38.9% 37.3% 48.0% Service Contract 29,530 18,039 16,877 17,500 37.9% 23.2% 30.8% 31.9% 75.0% 3.1% • Q3 Revenue Reporte
Slide 4: Live ARR
Live ARR ARR (U$D ‘000,000) Total ARR grew 35% YoY from Q3 ’20 • Punchh ARR increased 47% from Q3 last year • Brink POS ARR increased 29% from Q3 last year 83 • Data Central increased 9% from Q3 last year 77 71 65 61 • Organic ARR growth increased 26% • Contracted ARR now totals approximately $97M a
Slide 5: Brink POS ARR
Brink POS ARR ARR (U$D ‘000,000) • Brink POS ARR increased 29% from Q3 last year • Contracted ARR is $33.5M at end of Q3 30 28 26 25 23 • Consistently low churn ~ 3% annualized in Q3 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 5
Slide 6: Brink POS Site Count
Brink POS Site Count Sit e Count (loc a t ions ‘000) • 35% increase of Active Stores from a year ago • Record high # of Activations in Q3 – 1739 14.9 • Active sites now total ~ 14,900 13.2 11.0 11.7 12.1 • Q3 Bookings # 782 stores – expectations for stronger Q4 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 6
Slide 7: Punchh ARR
Punchh ARR ARR (U$D ‘000,000) • Punchh ARR increased 47% from Q3 last year 40 44 • Contracted ARR is $63.3M at end of Q3 32 36 30 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 7
Slide 8: Punchh Live Site Count
Punchh Live Site Count Sit e Count (lo c a t ions ‘000) • 67% increase of Active Stores from a year ago 48 53 41 46 • 4,550+ stores went live in Q3 34 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 8
Slide 9: Restaurant Segment Product Revenue
Restaurant Segment Product Revenue pr oduc t revenue (U$D ‘000,000) • Product revenue increased 46% from Q3 ‘20 • Proving Value of Complete Tech Stack 30 21 22 24 19 • Difficult/Challenging Supply Chain Environment 9
Slide 10: 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 11: Appendix A – Key Performance Metrics
Appendix A – Key Performance Metrics • “Annual Recurring Revenue” or “ARR”, is the annualized revenue from SaaS and related revenue of our software products. We calculate ARR by annualizing the monthly recurring revenue for all active sites as of the last day of each month for the respective reporti
Slide 12: Thank You!
T™ Thank You!