Agilysys, Inc. · NASDAQ:AGYS
Agilysys — Investor Presentation (June 2021)
30 slides from Agilysys's investor presentation, Jun 23, 2021
Slide 1: Investor Presentation June 2021
INVESTOR PRESENTATION June 2021 Exhibit 99.1 Agilysys
Slide 2: Forward-looking Statements & Non-GAAP Financial Information
Forward-looking Statements & Non-GAAP Financial Information Forward-Looking Language This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by
Slide 3: The Business We Are In
The Business We Are In We Are in the Business of Providing A Fully Integrated Suite of Software Solutions to Enterprise Food & Beverage and Lodging Operators in the Hospitality Space that Enable Memorable Experiences Across All Channels of Guest Engagement Agilysys
Slide 4: End to End Software Solutions Provider Exclusively Hospitality
End to End Software Solutions Provider Exclusively Hospitality Provide Mission Critical Solutions Products With Global Reach Agilysys Overview Reservations Guest Value Staff Mobility Guest Contactless Connected- ness Guest Self-service Kitchen Operations Payment Analytics Optimization SaaS Platform
Slide 5: We Provide Industry Leading Hospitality Solutions
We Provide Industry Leading Hospitality Solutions Lodging Solutions ~271k rooms at 09/30/20 Food and Beverage Solutions ~66k end points at 09/30/20 64% of Revenue 24% of Revenue 9% of Revenue INVENTORY & PROCUREMENT 3% of Revenue DOCUMENT MANAGEMENT PROPERTY MANAGEMENT Note: Revenue contribution fig
Slide 6: Hospitality Market Opportunity
Agilysys ARR ~ $88.6M* *Trailing twelve months ended March 31, 2021. Hospitality Market ARP Market Opportunity $4.8 Billion SA $0.35B 7% NA $1.72B 37% EMEA $1.36B 28% APAC $1.36B 28% ARP Product Opportunity $4.8 Billion PMS $1.61B 34% POS $3.18B 66% Agilysys
Slide 7: Agilysys - Defining Strategy Highlights
Agilysys - Defining Strategy Highlights 100% HOSPITALITY FOCUSED OBSESSIVELY CUSTOMER-CENTRIC END-TO-END COMPREHENSIVE SOLUTION OFFERINGS MODERN CLOUD-NATIVE & ON-PREMISE OPTIONS ENGINEERING/PRODUCT DRIVEN R&D Team Strength** Jan 2017 – 230 Mar 2019 – 500 Mar 2020 – 740 Mar 2021 – 900 >90% Customer
Slide 8: India Development Center
India Development Center Current R&D Strength = 900+ Approximately 95% of Current Employees Are Technical & Engineering Expertise Currently Expanding Capacity To: 100,000 Square Feet 1,000 Employee Capacity All Agilysys Employees and Fully Engaged With Our Products Chennai Agilysys
Slide 9: Recent Achievements Under Management Team
Recent Achievements Under Management Team Revenue Growth Recurring Revenue Return to Pre-COVID Record Levels 9 Quarters of Sequential Revenue Growth Pre-COVID New Sales at 60%+ of Pre-COVID Amounts Continuing to Improve 15.5% FY21 SaaS Revenue Growth 105% OY Increase in FY Adjusted EBITDA Cash Flow
Slide 10: Agilysys Hospitality Product Suite
Agilysys Hospitality Product Suite Agilysys
Slide 11: Agilysys rGuest Service Gold Award
Gold Award Best Productivity-Enhancement Technology Agilysys rGuest Service (Cloud-Native, On-Premise Capable) Only Non-Gaming Hospitality Vendor To Win Award Global Gaming Business G2E 2020 Gaming & Technology Awards Guest Services Agilysys
Slide 12: We Serve Leading Hospitality Brands
We Serve Leading Hospitality Brands Agilysys
Slide 13: Financial Overview
FINANCIAL OVERVIEW Agilysys
Slide 14: Evolving Business, Evolving P&L: Financial Metrics and Valuation
Evolving Business, Evolving P&L Financial Metrics and Valuation* Share Price (6/18/21) $54.39 Diluted Shares Outstanding 23.5M Diluted Market Capitalization $1,275.9M Cash (as of 3/31/21) $99.2M Debt (as of 3/31/21) $13.6M Enterprise Value $1,190.3M Revenue $137.2M Gross Profit $89.4M Adjusted EBITD
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet (in thousands) March 31, 2020 March 31, 2021 Cash, Cash Equivalents and Marketable Securities $46,653 $99,180 Other Current Assets 46,755 34,070 Long-Term Assets 61,154 56,623 Total Assets $154,562 $189,873 Current Liabilities $69,423 $61,001 Other Liabilities 13,382 48,99
Slide 16: Revenue - Quarterly
All numbers in thousands. Revenue - Quarterly Fiscal Year is From 4/1-3/31 COVID-19 Pandemic March 2020 – March 2021 Total Revenue $41,000 $39,000 $37,000 $35,000 $33,000 $31,000 $29,000 $27,000 $25,000 Q1’19 $34,007 Q2’19 $34,203 Q3 $36,014 Q4’19 $36,618 Q1’20 $38,389 Q2’20 $40,722 Q3’20 $41,987 Q4
Slide 17: Profitability Metrics - Quarterly
Profitability Metrics - Quarterly All numbers in thousands. Fiscal Year is from 4/1-3/31 ^ Non-GAAP measure, see reconciliation on slide 27. No Software Capitalization from Q2 FY19 onwards Q2’21 included inorganic COVID related temporary cost savings, including employee compensation changes and redu
Slide 18: Historical Financial Results
Historical Financial Results $23.7M software impairment All numbers in thousands. ^ Non-GAAP measure, see reconciliation on slide 26. *Trailing twelve months ended March 31, 2021. Revenue – GAAP $165,000 $155,000 $145,000 $135,000 $125,000 FY19 $140,842 FY20 $160,757 FY21 $137,176 Adjusted EBITDA –
Slide 19: Appendix
APPENDIX Agilysys
Slide 20: Senior Management
Dave Wood - Chief Financial Officer Dave is an experienced financial and strategic leader who joined Agilysys in 2011 as controller of the Hospitality Solutions Group. Dave brings with him extensive experience in financial initiatives and strategic development with software and SaaS companies. RAME
Slide 21: Senior Management (continued)
SRIDHAR LAVETI - Vice President of Established Products and Customer Support Sridhar leads the product engineering and management teams for established Agilysys products and oversees customer support. He brings 25+ years of technology and management leadership across multiple industries. KYLE BADGER
Slide 22: Senior Management Leading New Growth Vision
ROB JACKS – Chief Information Officer Rob was promoted to CIO in December 2018 and is responsible for advancing Agilysys’ internal systems and information technology processes. Rob has a reputation as a transformational executive who can deploy complex solutions with a measurable ROI. JEBA KINGSLEY
Slide 23: Agilysys Omnichannel POS Solution
Agilysys Omnichannel POS Solution Mobile / Web: IG OnDemand Physical Store: InfoGenesis POS IG SmartMenu IG Digital Menu Profile & Personalization: Personalization APIs Payment: Agilysys Pay IG Quick Pay Mobile App: Webapps / API’s Analytics: Marketing & Upsell: Agilysys Engage Agilysys Analyze Any
Slide 24: Agilysys Lodging Ecosystem
Search & Discovery Back of House Marketing Analytics & CRM Personalized Communication Payment Booking Arrival Loyalty & Rewards Maintenance Concierge Housekeeping Activities Retail Golf Dining Spa Agilysys Lodging Ecosystem Partner Current Solutions Sales & Catering Loyalty & Rewards Arriva Booking
Slide 25: Non-GAAP Reconciliation: Net Loss to EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation AGILYSYS, INC. RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA (UNAUDITED) Twelve Months Ended (In thousands) March 31 2021 2020 2019 2018 Net loss $(21,001) $(34,067) $(13,164) $(8,350) Income tax expense (benefit) (208) 201 221 (3,251) Loss before taxes (21,209) (3
Slide 26: Non-GAAP Reconciliation: Quarterly Net Income (Loss) to Adjusted EBITDA
Non-GAAP Reconciliation AGILYSYS, INC. RECONCILIATION OF NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (UNAUDITED) Three Months Ended (In thousands) March 31, December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, 2021 2020 2020 2020 2020 2019 2019
Slide 27: Non-GAAP Reconciliation: Net Loss to Adjusted Net Income
Non-GAAP Reconciliation AGILYSYS, INC. RECONCILIATION OF NET LOSS TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER SHARE (UNAUDITED) Twelve Months Ended (In thousands) March 31 2021 2020 2019 2018 Net loss attributable to common shareholders $(23,608) $(34,067) $(13,164) $(8,350) Amortization of int
Slide 28: Cash Flow
Cash Flow FY21 FY20 FY19 Operating activities Loss from operations $(21,001) $(34,067) $(13,164) Non cash adjustments, restructuring, legal settlements 43,969 46,260 22,219 Changes in assets & liabilities 5,439 (1,618) (1,814) Net cash provided by operating activities 28,407 10,575 7,241 Investing a
Slide 29: Agilysys Global Footprint
Principal Location Country with Installation Reseller Santa Barbara, CA Seattle, WA Las Vegas, NV Alpharetta, GA Windsor, UK Hong Kong Manila, Philippines Singapore Kuala Lumpur, Malaysia Chennai, India Agilysys Corporate Headquarters Alpharetta, Georgia Agilysys US Offices Las Vegas, Nevada Santa B
Slide 30: Contact: Investor Relations
Contact: Jessica Hennessy Sr. Manager Corporate Strategy and Investor Relations (770) 810-6116 InvestorRelations@agilysys.com