Ncino, Inc. · NASDAQ:NCNO
Ncino — Merger or Acquisition (November 2021)
17 slides from Ncino's merger presentation, Nov 17, 2021
Slide 1: nCino Signs Definitive Agreement to Acquire SimpleNexus
1 nCino Signs Definitive Agreement to Acquire SimpleNexus November 16, 2021
Slide 2: Cautionary Note Regarding Forward-Looking Statements and Disclaimers
2 Cautionary Note Regarding Forward-Looking Statements and Disclaimers This presentation and the accompanying oral statements contain forward-looking statements about nCino Inc.’s (“nCino”) expectations, plans, future performance, outlook and prospects regarding the benefits that may be derived from
Slide 3: Our Mission
3 Our Mission TRANSFORMING FINANCIAL SERVICES THROUGH INNOVATION, REPUTATION AND SPEED
Slide 4: Strategic Rationale
4 Strategic Rationale v Leading cloud-based, mobile-first homeownership platform extends the nCino Bank Operating System® v Expands nCino’s capabilities to the U.S. point-of-sale mortgage market, providing significant cross and upsell opportunities to U.S. banks and credit unions v SimpleNexus consu
Slide 5: Transaction Consideration & Expected Closing
5 Transaction Consideration & Expected Closing v Transaction Consideration (subject to customary purchase price adjustments): v ~$960mm1 of nCino Common Stock (~13.2 million shares) v ~$240mm in cash v Expected Closing: v Expected to close by the end of nCino’s fourth fiscal quarter ending January 3
Slide 6: The Digital Homeownership Platform Delivering Better Experiences
6 The Digital Homeownership Platform Delivering Better Experiences v Seamless management of the homeownership process v Native mobile and web solutions for loan officers, borrowers, realtors and closing agents v Pre-approval application in under 5 minutes v Single sign-on for borrowers from home sea
Slide 7: About SimpleNexus
7 A B O U T v Founded in 2011 v ~300 employees v ~400 customers across the U.S. v 41,000+ active originators v Used by 35 of the top 100 lenders1 v Mobile-first and web applications ACCOLADES 1 Based on 2020 Home Mortgage Disclosure Act data.
Slide 8: Borrower Experience
8 Borrower Experience A mobile-first end-to-end experience using one login throughout the homeownership journey: Shop and Compare Document Uploads Notifications Task Lists Loan Status CalculatorseSign Digital Application eClose
Slide 9: Loan Officer Experience
9 Loan Officer Experience Disclosures Personalized Mobile App Mortgage Calculators Compensation Alerts Credit Bureau Integration CRM Integration Email Integration LOS Integration A fast and frictionless mortgage process in the palm of your hand: Complete Loan Pipeline Visibility PPE Integration
Slide 10: The Homeownership Journey
10 The Homeownership Journey Opportunities to provide value: Applying for Loan Searching for the Home Close Finding a Realtor Post Close Opportunities Payment Calculations Maintain/ Deepen Relationship Finding a Lender Nurturing Lead Upload Docs Sign Disclosures v ReFi v Payments v Insurance BEFORE
Slide 11: Integral to the Mortgage Technology Landscape
11 Integral to the Mortgage Technology Landscape The SimpleNexus Homeownership Platform integrates to the lender’s Mortgage LOS and other ancillary systems to deliver an end-to-end experience for the borrower and the loan officer in the mortgage origination process. SIMPLENEXUS PLATFORM Calculators
Slide 12: Attractive Scale and Market Opportunity
12 Attractive Scale and Market Opportunity Large and growing scale driven by continued innovation, effective cross-selling, new logo wins and recent M&A. 1 Based on internal analysis. 2 SimpleNexus and LBA Ware total revenues for the month of September 2021, annualized by multiplying by 12. 3 Pro-fo
Slide 13: Complementary Seat-Based Revenue Model
13 Recurring Fee based on FI Assets or Transaction Volumes Recurring Fee based on % of Subscription Fees Minimum Recurring Fee based on Users per Month SUBSCRIPTION Incremental Add-on Foundation of Pricing Support and Maintenance Additional Offerings Similar to nCino, SimpleNexus operates a per-seat
Slide 14: Extending the nCino Single Platform Vision
14 Extending the nCino Single Platform Vision Deposits Mortgage (Portfolio) Mortgage (Conforming)ConsumerCommercial POINT OF SALE ORIGINATION PLATFORM Mortgage LOS BACK END “ENGINE” Loan and Deposit Accounting Systems Small Business
Slide 15: SAM Continues to Grow as the Platform Evolves
15 SAM Continues to Grow as the Platform Evolves COMMERCIAL LENDING TREASURY MANAGEMENT SMALL BUSINESS LENDING 2012 ACCOUNT OPENING $16BN Total SAM CREDIT ANALYSIS CUSTOMER PORTAL RETAIL LENDING nCino IQ (nIQ) Mortgage Lending $12BN SAM $4BN SAM • Homeownership platform • Loan officer productivity a
Slide 16: All nCino Growth Drivers Enhanced by SimpleNexus
16 Expand Within and Across Our Existing Customers Expand Our Customer Base Continue Strengthening and Extending Our Product Functionality Foster and Grow Our Partner Ecosystem Selectively Pursue Strategic Transactions All nCino Growth Drivers Enhanced by SimpleNexus
Slide 17: Thank You
alu. ncino 31 SIMPLENEXUS THANK YOU!