Agilysys, Inc. · NASDAQ:AGYS
Agilysys — Q4 FY2022 Earnings Presentation
35 slides from Agilysys's earnings presentation, May 19, 2022
Slide 1: Investor Presentation Q4 & Full FY2022
INVESTOR PRESENTATION Q4 & Full FY2022
Slide 2: Forward-looking Statements & Non-GAAP Financial Information
Forward-looking Statements & Non-GAAP Financial Information Forward-Looking Language This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by
Slide 3: The Business We Are In
The Business We Are In We Are In The Business Of Providing A Fully Integrated Suite Of Software Solutions To Enterprise Food & Beverage And Lodging Operators In The Hospitality Space That Enable Memorable Experiences Across All Channels Of Guest Engagement
Slide 4: Our Mission
HELP OUR CUSTOMERS IMPROVE EMPLOYEE & GUEST EXPERIENCE WITH DEDICATION TO PAST, PRESENT & FUTURE CUSTOMER INVESTMENTS IN OUR PRODUCTS AND SERVICES Our Mission
Slide 5: Defining Strategy Pillars
Defining Strategy Pillars 100% HOSPITALITY FOCUSED OBSESSIVELY CUSTOMER-CENTRIC END-TO-END COMPREHENSIVE SOLUTION OFFERINGS MODERN CLOUD-NATIVE & ON-PREMISE OPTIONS PRODUCT & INNOVATION DRIVEN
Slide 6: 100% Hospitality Focused - Why It Matters
100% Hospitality Focused - Why It Matters
Slide 7: Modern Cloud-Native & On-Premise Options - Why It Matters
Modern Cloud-Native & On-Premise Options - Why It Matters
Slide 8: End-To-End Comprehensive Solution Offerings - Why It Matters
End-To-End Comprehensive Solution Offerings - Why It Matters
Slide 9: Obsessively Customer-Centric - Why It Matters
Obsessively Customer-Centric - Why It Matters
Slide 10: Product & Innovation Driven - Why It Matters
Product & Innovation Driven - Why It Matters
Slide 11: Agilysys Revenue Overview
Agilysys Revenue Overview *Data is as of the trailing twelve months ended March 31, 2022. Subscription Revenue as a % of Recurring Revenue* Subscription Revenue YOY Growth Rate Total Revenue* Recurring Revenue as a % of Total Revenue* $162.6M 61% 46% 28%
Slide 12: We Provide Industry Leading Hospitality Solutions
We Provide Industry Leading Hospitality Solutions Lodging Solutions Food and Beverage Solutions 68% of Revenue 21% of Revenue 8% of Revenue INVENTORY & PROCUREMENT 3% of Revenue DOCUMENT MANAGEMENT PROPERTY MANAGEMENT Note: Revenue contribution figures represent percentage for the trailing twelve mo
Slide 13: R&D Focus & Resource Strength
1000 800 600 400 200 0 230 400 750 890 January 2017 March 2019 March 2020 April 2022 R&D Focus & Resource Strength
Slide 14: Total Addressable Market
*Trailing twelve months ended March 31, 2022. Total Addressable Market SA $0.35B 7% APAC $1.36B 28% NA $1.72B 37% EMEA $1.36B 28% PMS $1.61B 34% POS $3.18B 66% Agilysys ARR ~ $106M*
Slide 15: Global Presence
Global Presence Principal Location Country with Installation Reseller Santa Barbara, CA Seattle, WA Las Vegas, NV Alpharetta, GA Windsor, UK Hong Kong Manila, Philippines Singapore Kuala Lumpur, Malaysia Chennai, India Shenzhen, China Australia Toronto, ON Publicly Traded - NASDAQ: AGYS Corporate He
Slide 16: Recent Achievements
Recent Achievements Subscription Revenue Growth Record Subscription Revenue of $12.8M SaaS Revenue Reaches 46% of Total Recurring Revenue 28% Y-O-Y Subscription Revenue Growth Sound Business Fundamentals FY22 Record Total Revenue FY22 GAAP Net Income Positive FY22 $0.18 GAAP EPS Per Diluted Share Fo
Slide 17: Agilysys Hospitality Product Suite
Agilysys Hospitality Product Suite 3rd Party Solution Integration With Modern Restful APIs PRE-ARRIVAL IN-VENUE RESERVATIONS ANALYTICS & RE-ENGAGE SURVEYS PAYMENTS IN-VENUE AMENITIES TRIP BOOKING IN-VENUE DINING BACK OF HOUSE OPTIMIZATION TRIP PLANNING Food & Beverage Document Management Hospitality
Slide 18: Net Competitive Replacements - Sites
Net Competitive Replacements - Sites
Slide 19: Top Global Customers
Top 100 Global Customers J Feoynass be fe ENRINE AMING at SENE RAMAN RESORTS Alerts C00RcANs GEE Sn Dolls sma MB Gia cosMoe PLAYLY Nicc" Gatrium yoRshy 8 Ballys — \NEETIME OREBass Sener paetMoor Tin ailySYS.__ TRUSTED SOLUTIONS. MODERN TECHNOLOGY
Slide 20: Financial Overview
FINANCIAL OVERVIEW
Slide 21: Evolving Business, Evolving P&L: Financial Metrics and Valuation
Share Price (5/16/22) $36.04 Diluted Shares Outstanding 25.3M Diluted Market Capitalization $911.8M Cash (as of 3/31/22) $97.0M Debt (as of 3/31/22) $10.7M Enterprise Value $825.5M Revenue $162.6M Gross Profit $101.5M Adjusted EBITDA^ $27.3M Earnings per Share $0.18 EV/Revenue 5.1x EV/Gross Profit 8
Slide 22: Strong Balance Sheet
Strong Balance Sheet Consolidated Balance Sheet (in thousands) March 31, 2022 March 31, 2021 Cash, Cash Equivalents and Marketable Securities $96,971 $99,180 Other Current Assets 39,202 34,070 Long-Term Assets 77,989 56,623 Total Assets $214,162 $189,873 Current Liabilities $71,466 $61,001 Other Lia
Slide 23: Revenue Growth ($M)
Revenue Growth ($M) FY17 FY18 FY19 FY20 FY21 FY22 AGYS Q4 FY22 Inclusive of $1.3M of ResortSuite Revenue
Slide 24: Recurring Revenue ($M)
Recurring Revenue ($M) FY17 FY18 FY19 FY20 FY21 FY22
Slide 25: Profitability Metrics - Quarterly
Profitability Metrics - Quarterly All numbers in thousands. Fiscal Year is from 4/1-3/31 ^ Non-GAAP measure, see reconciliation on slide 27. Q2’21 included inorganic COVID related temporary cost savings, including employee compensation changes and reduction of workforce All COVID related cost saving
Slide 26: Historical Financial Results
Historical Financial Results $23.7M software impairment All numbers in thousands. ^ Non-GAAP measure, see reconciliation on slide 26. *Trailing twelve months ended March 31, 2022.
Slide 27: Appendix
APPENDIX
Slide 28: Agilysys Omnichannel POS Solution
Agilysys Omnichannel POS Solution Mobile / Web: IG OnDemand Physical Store: InfoGenesis POS IG Smart Menu IG Digital Menu Board IG KDS Profile & Personalization: Personalization APIs Payment: Agilysys Pay IG Quick Pay Mobile App: Webapps / API’s Analytics: Agilysys Analyze Marketing & Upsell: Agilys
Slide 29: Agilysys Lodging Ecosystem
Agilysys Lodging Ecosystem Marketing & Upsell: Agilysys Engage Agilysys Digital Marketing Activities: Agilysys Golf Agilysys Spa Payments: Agilysys Pay Agilysys Authorize Document Management: Agilysys DataMagine Business Analytics: Agilysys Analyze Sales & Catering: Agilysys Sales & Catering Point-o
Slide 30: Non-GAAP Reconciliation
Non-GAAP Reconciliation AGILYSYS, INC. RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA (UNAUDITED) ‘Twelve Months Ended March 31. (in thousands) 2022 2021 2020 2018 2018 Net loss S 6478 S$ (21.001) $ (34,067) $ (13.164) $ (8.380) Income tax expense (benefit) 33 (208) 201 221 (3.251) Loss be
Slide 31: Non-GAAP Reconciliation
Non-GAAP Reconciliation AGILYSYS, IN. [RECONCILIATION OF NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (NALDITED) “Tee Monta Eade March 31, Pesenber—Sepener June 30, Mae 31, December 31, Setember 30, June 30, Mirch 31. December 31, September 30, une 30 (to hoods) 3022 2021 202) oh ao cm 3000 20 2)
Slide 32: Non-GAAP Reconciliation
Non-GAAP Reconciliation AGILYSYS, INC. ‘RECONCILIATION OF NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA. (UNAUDITED) ‘Three Months Ended March 31, December 31 June 30, March 31, December 31, September 30, Tune 30. (in thousands) 2019 2018 2018 2018 2017 2017 2017 Net income (loss) S589) S (4.048)
Slide 33: Non-GAAP Reconciliation
Non-GAAP Reconciliation AGILYSYS, INC. RECONCILIATION OF NET LOSS TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER SHARE (UNAUDITED) ‘Twelve Monts Ended (in shosemds) 202 2021 2019 2018 [Net loss attributable to common sharcholders S 4641S (23,608) S G4067) S$ (1368) S50) Amortization of intangibles
Slide 34: Cash Flow
Cash Flow Operating activities ‘Net income(loss) from operations ‘Non cash adjustments, restructuring, legal settlements Changes in assets & abilities Net cash provided by operating activities Investing activities Capital expenditures (Cash paid for business combinations, net of cash acquired Capita
Slide 35: Jessica Hennessy, Investor Relations contact
Jessica Hennessy Senior Director Corporate Strategy and Investor Relations (770) 810-6116 InvestorRelations@agilysys.com