Veritone, Inc. · NASDAQ:VERI
Veritone — Investor Presentation (October 2021)
23 slides from Veritone's investor presentation, October 2021
Slide 1: The Leading Enterprise AI Platform
aiWARE : TM The Leading Enterprise AI Platform Investor Presentation | October 2021 Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners. Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the propert
Slide 2: Forward Looking Statements & Disclaimers
Forward Looking Statements & Disclaimers This presentation of Veritone Inc. (the “Company”) contains forward-looking statements that involve substantial risks and uncertainties. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potenti
Slide 3: Veritone is a leading enterprise AI software and services provider
Veritone is a leading enterprise AI software and services provider that activates the digital transformation of organizations. Our mission is to simply create a better world. One that is safe, dynamic, transparent, and innovative. The proven AI platform, aiWARE, the first proprietary operating syste
Slide 4: Veritone at a Glance
Veritone at a Glance Overview Key Indicators Seeing Momentum • Veritone’s operating system for artificial intelligence, aiWARETM, orchestrates a diverse ecosystem of machine learning models to Financials transform audio, video, text, and other unstructured data sources $19.2M +86% +32% into actionab
Slide 5: Recent Events
Recent Events Veritone Closes Mythical Entertainment to Agreement with Recur New Exclusive International Acquisition of PandoLogic Develop Synthetic Voices to create NFTs using Pac- Licensing Agreement with with MARVEL.ai 12 Networks Content CBS News Expanding AI Platform for Intelligent Recruitment
Slide 6: Acquisition of PandoLogic
Acquisition of PandoLogic Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 6
Slide 7: PandoLogic at a Glance
PandoLogic at a Glance Company Overview Award Winning • Automated talent acquisition platform that empowers employers to find the right talent, at the right time, in the right place. • Serves an enterprise customer base within a large and growing market, which is looking to automate human-led soluti
Slide 8: Transaction Details
Transaction Details Definitive Agreement Signed: Closing Date: ● July 21, 2021 ● September 14, 2021 Earnout Consideration: $65 million Closing Consideration: $85 million (based on fiscal 2021 and 2022 targets) ● $50 million cash ● $43.3 million cash ● $35 million Veritone stock priced at $20.53 ● $2
Slide 9: Capitalization Table
Capitalization Table Sources Capitalization Table Amount % of Total Pro Forma Cash $ 50.0 33.3% 9/30/2021 Veritone Equity 35.0 23.3% Cash $ +70.0 Deferred Consideration 65.0 43.3% Debt - Total Sources $ 150.0 100.0% Total Cash over Debt $ +70.0 Uses 2021 Pro Forma Financial Metrics Amount % of Total
Slide 10: aiWARE & Investment Thesis
aiWARE & Investment Thesis Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 10
Slide 11: Unstructured Data is Inaccessible Without AI
Unstructured Data is Inaccessible Without AI $100B TAM by 2025 | 35% CAGR* * Source: Omdia Artificial Intelligence Software Market Forecast, June 29, 2020 ** Source: Gartner 2020 Strategic Roadmap for Storage, July 1, 2020 Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks
Slide 12: Investment Highlights
Investment Highlights Unique operating system for Flexible platform that is extensible to Blue-chip customer base and Artificial Intelligence (AI) and driving many systems and applications in the large industry-leading partners Enterprise AI transformation and growing Enterprise AI software market,
Slide 13: The Veritone aiWARE Platform
The Veritone aiWARE Platform Transform audio, video, text, and other data sources into actionable intelligence 3rd Party & Veritone Application Suite Custom API FAST TO MARKET “OS for AI” ecosystem of hundreds of best-of- breed, ready-to-deploy Application Layer Application Development AI engines FU
Slide 14: Veritone Timeline
Veritone Timeline Launched aiWARE 3.0 (Dynamic scaling enabling versatile deployment) Launched aiWARE 2.0 (real-time processing) • 3.0 Vastly improved stability, efficiency, performance • 2.0 enables expansion of market • Announced support for opportunities beyond Media NVIDIA CUDA & EGX • Acquired
Slide 15: Industry Solutions
Industry Solutions GLC SaaS ENERGY SaaS M&E SaaS SOLUTIONS CONTENT MONETIZATION VERITONE IDENTIFY VERITONE FORECASTER VERITONE ATTRIBUTE VERITONE ONE Intelligent, Rapid Suspect Identification for Accurately predict energy supply, demand Intelligent, Real-Time Media Attribution for The world’s larges
Slide 16: Leadership Team
Leadership Team CHAD STEELBERG RYAN STEELBERG MIKE ZEMETRA Co-founder, Chief Executive Co-founder, President Executive Vice President & Chief Officer & Chairman of the Board Financial Officer Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their resp
Slide 17: Operational & Financial Update
Operational & Financial Update Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 17
Slide 18: Business and Financial Momentum
Business and Financial Momentum 5 Year Financial Performance Trailing 5 Quarters Financial Performance Revenue ($000s) +141% YOY 62% CAGR Non-GAAP Net Loss Note: Forecasted and estimated figures are based on guidance provided August 3, 2021 that assumes a late Q3 2021 close for the acquisition of Pa
Slide 19: Second Quarter 2021 Results – Summary
Second Quarter 2021 Results – Summary • aiWARE SaaS delivered exceptional Q/Q and Y/Y growth, driven by strength in the GLC and M&E verticals • Advertising again benefitted from strength in digital and social platform advertising due to our focus in those markets. • Content Licensing grew double dig
Slide 20: Balance Sheet Summary
Balance Sheet Summary (in Thousands) June 30, 2020 Cash and Cash Equivalents $120,627 Current Assets $168,872 Total Assets $186,927 Current Liabilities $104,711 Total Liabilities $106,700 Stockholders’ Equity $80,277 Common Shares Outstanding 32,874 (excluding options, RSUs and warrants) Copyright ©
Slide 21: Appendix
Appendix Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 21
Slide 22: Annual GAAP to non-GAAP Reconciliation
Annual GAAP to non-GAAP Reconciliation Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners. NASDAQ: VERI 22
Slide 23: Annual GAAP to non-GAAP Reconciliation
Annual GAAP to non-GAAP Reconciliation Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners. NASDAQ: VERI 23