Autodesk, Inc. · NASDAQ:ADSK
Autodesk — Investor Day (June 2020)
35 slides from Autodesk's investor day presentation, Jun 3, 2020
Slide 1: Safe Harbor
Safe Harbor 1 Each of the presentations today will contain forward-looking statements about our strategies, products, future results, performance or achievements, financial, operational and otherwise, including statements about our strategic priorities, business model transition, and guidance for th
Slide 2: Opening Remarks
2 AUTODESK INVESTOR DAY JUNE 3, 2020 Opening Remarks Andrew Anagnost Chief Executive Officer © 2020 Autodesk, Inc.
Slide 3: Three Years Ago...
THREE YEARS AGO...
Slide 4: Completed the subscription transition; automated design; driven BIM
4 DRIVEN BIM THROUGH COMPLETED THE DIGITIZED THE ENTIRE DESIGN & MAKE SUBSCRIPTION TRANSITION THE COMPANY PROCESS FOR AEC AUTOMATED THE PROCESS OF DESIGN CONVERGED CONSTRUCTION AND IN MANUFACTURING MANUFACTURING TO A NEW PARADIGM
Slide 5: Completed the subscription transition; automated design; driven BIM
5 DRIVEN BIM THROUGH COMPLETED THE DIGITIZED THE ENTIRE DESIGN & MAKE SUBSCRIPTION TRANSITION THE COMPANY PROCESS FOR AEC AUTOMATED THE PROCESS OF DESIGN CONVERGED CONSTRUCTION AND IN MANUFACTURING MANUFACTURING TO A NEW PARADIGM
Slide 6: Automated the process of design in manufacturing
6 AUTOMATED THE PROCESS CONVERGED CONSTRUCTION DRIVEN BIM THROUGH OF DESIGN IN AND MANUFACTURING THE ENTIRE DESIGN & MAKE MANUFACTURING TO A NEW PARADIGM PROCESS FOR AEC
Slide 7: FY17 Investor Day Target vs FY20 Execution
7 FY17 Investor Day Target FY20 Execution $3.3B $3.4B TOTAL ARR TOTAL ARR 5.4M 4.9M TOTAL SUBSCRIPTIONS CONSOLIDATION & TOTAL SUBSCRIPTIONS ELIMINATION OF LOW-COST 3% 6% SUBSCRIPTIONS ARPS CAGR FY16-FY20 ARPS CAGR FY16-FY20 33% 25% NON-GAAP OPERATING MARGIN NON-GAAP OPERATING MARGIN REINVESTMENT IN
Slide 8: Delivered $1.36 Billion of Free Cash Flow in FY20
8 Delivered $1.36 Billion of Free Cash Flow in FY20 1,500 1,000 FREE CASH FLOW $ MILLIONS 500 - FY14 FY15 FY16 FY17 FY18 FY19 FY20 (500) Dec 2016 Current
Slide 9: Vast Majority of Autodesk Business is Recurring
9 Vast Majority of Autodesk Business is Recurring 96% RECURRING 100% RECURRING REVENUE % 80% 60% 40% 20% FY14 FY15 FY16 FY17 FY18 FY19 FY20
Slide 10: The Transition Is Over
10 THE TRANSITION IS OVER
Slide 11: Why Will We Deliver in FY23 & Beyond?
11 WHY WILL WE DELIVER IN FY23 & BEYOND?
Slide 12: Why We Will Deliver in FY23 and Beyond
12 Why We Will Deliver in FY23 and Beyond Ability to forecast over Ability to adapt Confidence in our multi-year time frame and be agile long-term growth drivers has increased
Slide 13: Fiscal 2023 Targets
13 Fiscal 2023 Targets Results achievable with current product portfolio 16-18% FY20-23 REVENUE CAGR $2.4B FREE CASH FLOW ~40% 55%-65% NON-GAAP OPERATING REVENUE GROWTH + MARGIN FREE CASH FLOW MARGIN
Slide 14: Where Will Growth Come From?
14 WHERE WILL GROWTH COME FROM?
Slide 15: Long-Term Business Drivers
15 Long-Term Business Drivers MONETIZING ACCELERATING CONVERGENCE OF DESIGN & NON-COMPLIANT DIGITIZATION IN AEC MAKE IN MANUFACTURING & LEGACY USERS
Slide 16: Future Incremental Revenue Contributors
16 Future Incremental Revenue Contributors Above overall market growth 100% MANUFACTURING % INCREMENTAL GROWTH ARCHITECTURE, ENGINEERING, AND CONSTRUCTION NON-COMPLIANT USERS MEDIA & ENTERTAINMENT, NEW BUSINESS MODELS & OTHERS 0% FY23 AND BEYOND For conceptual use only
Slide 17: Long-Term Business Drivers
17 Long-Term Business Drivers MONETIZING ACCELERATING CONVERGENCE OF DESIGN & NON-COMPLIANT DIGITIZATION IN AEC MAKE IN MANUFACTURING & LEGACY USERS
Slide 18: Non-Compliant User Base
18 Non-Compliant User Base Granular perspective 11+ 9M 7M USAGE IN LAST 90 DAYS 12M HIGH (SESSIONS) CONVERSION PROBABILITY 4+ NON-COMPLIANT USERS LOW 15M 11M 2+ ALL LAST SEVEN YEARS LAST FIVE VERSIONS YEARS
Slide 19: 2M Targetable Subscriptions Within Customer Base
19 2M TARGETABLE SUBSCRIPTIONS WITHIN CUSTOMER BASE
Slide 20: Converting the Pipeline
20 Converting the Pipeline Harden systems Deepen Build capabilities and transition to understanding to drive partner named users and targeting enablement
Slide 21: Long-Term Business Drivers
21 Long-Term Business Drivers MONETIZING ACCELERATING CONVERGENCE OF DESIGN & NON-COMPLIANT DIGITIZATION IN AEC MAKE IN MANUFACTURING & LEGACY USERS
Slide 22: Long-Term Trends in Architecture, Engineering, Construction
SUSTAINABILITY ASSET PERFORMANCE PRODUCTIVITY 22 LONG-TERM TRENDS IN ARCHITECTURE, ENGINEERING, CONSTRUCTION SUBURBANIZATION CLOUD COLLABORATION BIM MANDATES
Slide 23: Positioned for Growth
23 Positioned for Growth DESIGN PLAN BUILD OPERATE DESIGN MAKE Increased adoption of BIM Increased adoption of drives 2D to 3D conversion Construction Cloud
Slide 24: BIM 360 Design
24 BIM 360 Design Revit Cloud Worksharing MCCARTHY BUILDING COMPANIES SAVED MORE THAN $250,000 ON A HOSPITAL UPGRADE USING BIM 360 AND REVIT.
Slide 25: Long-Term Business Drivers
25 Long-Term Business Drivers MONETIZING ACCELERATING CONVERGENCE OF DESIGN & NON-COMPLIANT DIGITIZATION IN AEC MAKE IN MANUFACTURING & LEGACY USERS
Slide 26: Long-Term Trends in Design & Manufacturing
SUPPLY CHAIN MANUFACTURING AUTOMATION 26 REORGANIZATION X CONSTRUCTION LONG-TERM TRENDS IN DESIGN & MANUFACTURING MASS PRODUCTION PROCESS DIGITIZATION SMART PRODUCTS AND CUSTOMIZATION
Slide 27: Design and Make Share Shift
27 DESIGN MAKE Share shift from legacy solutions Share shift from siloed legacy products to cloud-based offerings to integrated design to manufacturing
Slide 28: Where We Will Lead
28 Where We Will Lead CLOUD DATA INTEGRATED TOOLS GENERATIVE DESIGN
Slide 29: Long-Term Business Drivers
29 Long-Term Business Drivers MONETIZING ACCELERATING CONVERGENCE OF DESIGN & NON-COMPLIANT DIGITIZATION IN AEC MAKE IN MANUFACTURING & LEGACY USERS
Slide 30: Resilience
30 RESILIENCE
Slide 31: Impact
31 IMPACT
Slide 32: Enabling Customers to Design Sustainably
32 ENABLING LEADING CUSTOMERS BY EXAMPLE TO DESIGN IN ESG SUSTAINABLY
Slide 33: Where Will Growth Come From?
33 WHERE WILL GROWTH COME FROM?
Slide 34: Autodesk Investor Day 2020
34 Lisa Campbell, CMO Driving Sustainable Growth Growth Opportunities in Construction and Manufacturing Scott Reese, SVP The Growth Opportunity in Manufacturing Future of Manufacturing and Cloud Jeff Kinder, Chief Digital Officer AUTODESK Business Model Evolution Names, Plans, Choice INVESTOR Steve
Slide 35: Trademarks notice
35 Autodesk and the Autodesk logo are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter produ