ProStar Holdings Inc · TSXV:MAPS
ProStar — Investor Presentation (April 2024)
19 slides from ProStar's investor presentation, Apr 19, 2024
Slide 1: The world leader in the development of Precision Mapping Solutions
The world leader in the development of Precision Mapping Solutions® Corporate Presentation – April 2024 Intended Only for Designated Recipients
Slide 2: Forward Looking Statements & Confidential Information
FORWARD LOOKING STATEMENTS & CONFIDENTIAL INFORMATION In general. This disclaimer applies to this presentation and the verbal or written comments of any person presenting it. This presentation, taken together with any such verbal or written comments, is referred to herein as the “Presentation”. ProS
Slide 3: Milestones & Catalysts
MILESTONES & CATALYSTS MILESTONES 16 issued patents in USA and Canada Mature product, no more R&D Integration with all major HW manufacturers (data input) Electronic store launch Jan. 2024 Fixed AWS cloud COGS cost of < $50,000 per year in total for first 2,000+ customers CATALYSTS 2024 A path to pr
Slide 4: Recently Added Executive Management
RECENTLY ADDED EXECUTIVE MANAGEMENT LOUIS SUCHY – CTO 20 years of experience in the technology sector. Prior to joining ProStar, Louis held executive positions at several techno companies, including Kaplan, Prolexic, and Akamai, where he spearheaded successful projects that disrupted markets busines
Slide 5: The Problem
THE PROBLEM New York City 5 © 2024 ProStar Holdings Inc. All Rights Reserved.
Slide 6: Current Practices
CURRENT PRACTICES 6 © 2024 ProStar Holdings Inc. All Rights Reserved.
Slide 7: How Does PointMan Work?
HOW DOES POINTMAN WORK? Utility Locate Device Mobile Precision GPS Cloud 7 © 2024 ProStar Holdings Inc. All Rights Reserved.
Slide 8: Hardware Partnerships
HARDWARE PARTNERSHIPS PointMan’s strategy is to be hardware agnostic: by working with all hardware inputs, we increase the probability of our goal of market share dominance. 8 © 2024 ProStar Holdings Inc. All Rights Reserved.
Slide 9: Expanded Partner Ecosystem
Q2 Product Integrations Expanded Partner Ecosystem Hardware/Device Emlid Reach RX BTLE Partners Leica GS16/18 TopCon Hyper VR BadElf Flex Mini Juniper Geode RTK GNS3M 2024 Software CAD Import/Export Support In Alpha Ecosystem Features Cross Org Sharing in Beta Esri, Irth & Korterra integrations unde
Slide 10: Clients & Verticals
CLIENTS & VERTICALS Engineering & Surveying DOT Construction Utilities Municipalities & Other Oil & Gas Mining Other verticals Railways Golf Courses 10 © 2024 ProStar Holdings Inc. All Rights Reserved.
Slide 11: SaaS Margins
SAAS MARGINS Number of PointMan Apps Sold 11 © 2024 ProStar Holdings Inc. All Rights Reserved.
Slide 12: SaaS Margins
SAAS MARGINS • Gross Margins @ 95%+ • Long-term Operating Margins @ 75%+ • Churn @ 3% budgeted, actual is near 0% Our SaaS margins allow us to scale without any noticeable increase in COGS. Number of PointMan Apps Sold 12 © 2024 ProStar Holdings Inc. All Rights Reserved.
Slide 13: Sales Activity
SALES ACTIVITY Sales 2023 Generated Calls and Emails Disco Demo Quotes Deals Demos to Deals Q1 7,713 50 16 7 5 31% Q2 17,973 74 36 19 6 17% Q3 32,153 190 88 53 19 22% Q4 28,653 238 100 29 22 22% 2023 Total 92,839 514 240 139 55 23% Sales 2024 Generated Calls and Emails Disco Demo Quotes Deals Demos
Slide 14: Sales: Escalation of Sales
SALES: ESCALATION OF SALES Escalation in High Value Sales Activities
Slide 15: Growing Sales Pipeline
GROWING SALES PIPELINE • Sales pipeline currently sits at $3.3M for sequential growth of 154% over beginning of year pipeline. • $2.4M of large deal opportunities and $900k of regular pipeline. • Pipeline is projected to grow to over $8M by end of 2024. 15
Slide 16: Total ARR & New Business Forecast
TOTAL ARR & NEW BUSINESS FORECAST (USD mlns ) Forecasted $10.4 Base Case $6.9 Forecasted $4.25 Base Case $3.0 2024 2025 Number of PointMan Apps Sold Base Case Forecasted Our SaaS margins allow us to scale without any noticeable increase in COGS. Our low churn results in sticky annual renewal revenue
Slide 17: Valuation
VALUATION • Market Cap of CAD$17 mln (US$12 mln) implies a forward EV/2024 Sales of 4x • High growth (= 30% sales g YY) SaaS cos currently trading range last 6 mths 9x to 12x https://cloudedjudgement.substack.com/p/clouded-judgement-31524 • MAPS market cap should double if we can achieve our base ca
Slide 18: Cap Table
CAP TABLE Common Shares Outstanding 137,862,670 Warrants - weighted avg. CAD$0.31 14,661,413 Incentive Stock Options - weighted avg. CAD$0.32 12,576,500 Debt None MAPS 2023 avg. daily volume: 65k with an avg. daily value of CAD$18k MAPPF 2023 YTD avg. daily volume: 75k with an avg. daily value of US
Slide 19: TSXV: MAPS OTCQX: MAPPF
TSXV: MAPS OTCQX: MAPPF Intended Only for Designated Recipients
ProStar Holdings — Investor Presentation (April 2024) on 6ix