Slide 1: Asure Software: Vision & Overview
Asure Software Patrick Goepel, CEO Vision & Overview Securities Litigation Reform Act of 1995 Not historical facts are and uncertainties could g statements, E
Slide 2: Workplace Productivity
Workplace Productivity AJURE — @ iemployee @ netsimplicity §50+ Active Clients 920+ Active Clients
Slide 3: Sample Customer Base
Sample Customer Base Corporate Education Healthcare Legal nerTEL @B 1% waser PeRMANeNTE <@BIACKGDECKER. RedGross JENNERSBLOCK force 2 eee MDANDERSON wo srusrousun CANCER CENTER civaaacweneie Sandia ‘National Laboratories — SWILENTZ MWe @ Bititodd oe TENNESSEEUr . ai ae aa = JU Sirah
Slide 4: Asure Objective
Asure Objective Be the leading cloud based provider of Workplace Optimization Software to the market. Provide easy, affordable, essential web applications that lower costs through employee self service Execute on a well planned strategy: Intelligent strategic acquisitions, and subsequent integration
Slide 5: Recent Accomplishments
Recent Accomplishments * Bought out Austin Lease, saving $120K /month in free cash flow (a2 ‘10 write off of $1.2M) * Converted 80% of Ceridian clients to direct customers; close to 100% revenue retention * First profitable quarter in 2 % years (a4 09) — Goal of $5M / Year in MYP ¢ Exited Legacy Int
Slide 6: Net Operating Losses
Net Operating Losses 140,000,000 Change of Control 120,000,000 715109 | 31% 100,000,000 + 12131109 | 31% 80,000,000 + Seite | 28% 10/5/10 | 11% 60,000,000 -- TASHA 0% 40,000,000 +; 20,000,000 + 2D Wy > 0D ND nd DN PM MP PF SM PMP PY PP MM CASEI UIE UME CEN UREN CEN CARE EASING CAEN CAEN CAIRN CAIN C
Slide 7: Recent Progress, $m
Recent Progress, $m (Q4 ‘10 earnings guidance was $0.02 - $0.04 per share) 2009 2010 Qi__Q2__Q3_ Qt =i =—Q2_— 34 Total Revenue $2.5 $2.3 $2.4 $26 $2.5 $2.6 $2.5 TBA Total Expense $39 $5.0 _$7.0__$2.7__$2.7__$3.7_ $2.5 TBA EBITDA ($1.1) ($2.4) ($4.4) $0.2 $0.1 ($0.8) $0.2 TBA Net Income ($1.4) ($2.7)
Slide 8: Asure Adjusted EBITDA
Asure Adjusted EBITDA Exc. 1-Time (Quarterly, $M) $0.6 $0.4 $0.2 $0.0 ($0.2) ($0.4) ($0.6) ($0.8) ($1.0)
Slide 9: 2011 Plan Targets
2011 Plan Targets 20% repetitive growth in both businesses Profitable Growth 100% SaaS by 2012 Ready for acquisition in 2011 — Target of $5M / Year in MYP Targeting Revenue Retention in the Mid 80%s 4% Price increases
Slide 10: Multi-Year View, $m
Multi-Year View, sm (Q4 ‘10 earnings guidance was $0.02 - $0.04 per share) TARGETS Fy'09 FY'10FY'11 FY'12) FY'13FY'14 TotalRevenue ” $98 TBA $11 $17 $22 $29 Total Expense $18.6 TBA $11 $16 $20 $23 EBITDA ($7.6) TBA $1 $2 $3 $6 Net Income ($8.8) TBA $0 $1 $3 $5 EPS ($2.82) (37-35¢) $0.09 $0.43 $0.86