Slide 1: Investor Overview
INVESTOR OVERVIEW Smart Community and Smart Operations Solutions for the Rental Housing Industry AUGUST 7, 2024 1
Slide 2: Forward-Looking Statements; 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 p
Slide 3: SmartRent Investment Highlights
SMARTRENT INVESTMENT HIGHLIGHTS Leading Smart Home End-to-End Open-API Platform Attractive Investment Strong Balance Technology Provider to the with the Broadest Combination Returns for Customers on Sheet Rental Housing Market of Hardware & SaaS Solutions Existing and New Offerings Largest Operators
Slide 4: SmartRent at a Glance
SMARTRENT AT A GLANCE Leading smart home technology provider in the 2M+ 3,900+ 2017 rental housing industry with more deployed units Devices Installed Communities Founded than all other providers combined Powerful combination of hardware and sophisticated SaaS solutions 2M+ ~650 2021 Software Users
Slide 5: Top-Tier Multifamily Client Base
TOP-TIER MULTIFAMILY CLIENT BASE 15 of the Top 20 Multifamily Operators SmartRent’s solutions have allowed us to take our property operations to the next level. Every day, we are realizing benefits in the form of increased efficiencies, and in the enhanced experiences we are able to deliver to our on-s
Slide 6: Compelling Organic Growth Opportunity
COMPELLING ORGANIC GROWTH OPPORTUNITY ~7.3M US Units Owned or Controlled by our SmartRent's existing ~650 Customers ~6.4M Substantial growth client base owns or controls opportunity within existing ~7.3M units, providing ample customer opportunity to grow base ~770K Units Deployed Information as of
Slide 7: Sustainable Competitive Advantage
SUSTAINABLE COMPETITIVE ADVANTAGE Effective Flexible Customer needs drive the Technology design and deployment of Technology Solutions our solutions Solutions Built by Real Estate Retrofit and new build Operators Professional installation capabilities White Glove increases TAM while mitigating risk of
Slide 8: Smart Community Features
SMART COMMUNITY Smart Package Room Asset Protection Resident App FEATURES Work Management Inspection Management & Audit Management Video Intercom Answer Automation Access Control Parking Management Community WiFi 118
Slide 9: Customer Benefits
CUSTOMER BENEFITS You can expect ~20% IRR in a 3 year period with these benefits * 20 - 30 % 70 - 90 % $30 - $60 * Savings on * Decrease in Water Rent Increase Utilities Damage Expenses per Unit/Month Operational Efficiencies Asset Protection Revenue Generation Reach Centralization Goals Automate Ale
Slide 10: Benefits of Smart Communities
BENEFITS OF SMART COMMUNITIES Community Wifi Self-Guided Tours A managed WiFi solution that Allows prospects to tour a home on Our Smart Communities delivers secure, wireless, their own without needing on-site Solutions allow owners high-speed internet across an entire property. staff. Prospects don’t
Slide 11: Benefits of Smart Operations
BENEFITS OF SMART OPERATIONS Our Smart Operations Solutions allow for Inspection Management seamless, effortless data Audit Management Empowers owners and operators Automates property inspections sharing for fast workflows. to conduct lease-file audits with that monitor the performance and condition of
Slide 12: Building Blocks to SaaS ARR Growth
Building Blocks to SaaS ARR Growth Focus on key metrics that drive growth in annual recurring revenue and Driving Market Leadership and Consistent Profitability enhance company performance. Units Avg Revenue Net Revenue Deployed Per Unit (ARPU) Retention (NRR) Expanding Our Reach Elevating Customer V
Slide 13: Robust Balance Sheet
ROBUST BALANCE SHEET Exceptional Liquidity $187M Ensuring substantial operational and Cash balance as strategic flexibility. Ready capital for organic of June 30, 2024 reinvestments, acquisitions and innovation Access to Capital $75M Additional financial leverage to seize Undrawn Line investment oppor
Slide 14: Capital Allocation: Blueprint for Long-Term Value Creation
CAPITAL ALLOCATION: BLUEPRINT FOR LONG-TERM VALUE CREATION Capital allocation philosophy aligned to value creation. Systematically deploying resources to amplify our competitive edge and drive sustainable growth Value-Creating Robust Financial Return of Opportunistic Growth Health Capital M&A Organi
Slide 15: Appendix
APPENDIX 15
Slide 16: TTM Condensed Consolidated Balance Sheet
TTM CONDENSED CONSOLIDATED BALANCE SHEET Note: Information as of June 30, 2024. Source: SmartRent SEC filings. 16
Slide 17: TTM Condensed Consolidated Statement of Operations
TTM CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited, $ in thousands, except per share amounts) Note: Information as of June 30, 2024. Source: SmartRent SEC filings. 17
Slide 18: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA (Unaudited, $ in thousands) Note: Information as of June 30, 2024. Source: SmartRent SEC filings. 18
Slide 19: 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 no
Slide 20: Thank You
THANK YOU For more information, please contact investors@smartrent.com 20