Dye & Durham Ltd. · TSX:DND
Dye & Durham — Q2 FY2025 Earnings Presentation
15 slides from Dye & Durham's earnings presentation, Feb 13, 2025
Slide 1: Q2 FY 2025 Results Presentation
Q2 FY 2025 RESULTS PRESENTATION February 13, 2025 When being certain is everything dyedurham.com dyedurham.com
Slide 2: Disclaimer
ibdroot\projects\IBD-NY\driveins2022\902367_1\Presentations\05. Lender Presentation\DND Private LP - November 2022_v26.pptx DISCLAIMER This presentation has been prepared for informational purposes only. These materials are not, and in no circumstances are they to be construed as, a prospectus, an o
Slide 3: Disclaimer (cont'd)
ibdroot\projects\IBD-NY\driveins2022\902367_1\Presentations\05. Lender Presentation\DND Private LP - November 2022_v26.pptx DISCLAIMER (CONT’D) Many of these risks are beyond the Company’s control. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions under
Slide 4: Your Legal Practice, Made Perfect
ibdroot\projects\IBD-NY\driveins2022\902367_1\Presentations\05. Lender Presentation\DND Private LP - November 2022_v26.pptx YOUR LEGAL PRACTICE, MADE PERFECT Our mission-critical software gets business done right, every time. We provide premier practice management solutions and vital data insights s
Slide 5: Dye & Durham Results Snapshot
ibdroot\projects\IBD-NY\driveins2022\902367_1\Presentations\05. Lender Presentation\DND Private LP - November 2022_v26.pptx DYE & DURHAM RESULTS SNAPSHOT Dye & Durham Key Operating Areas C$121 mm C$67 mm Q2 FY2025 Revenue Q2 FY2025 Adj. EBITDA1 Canada ~7,800 UK & I Customers 55% 6% ~18,000 Customers
Slide 6: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Dye & Durham is focused on bringing software capabilities together to provide a single point solution for customers Key Industry Drivers Dye & Durham Key Growth Drivers Accelerated adoption of legal technology to 1 Growing Contracted Revenue improve efficiencies and client
Slide 7: Dye & Durham Segment Overview
DYE & DURHAM SEGMENT OVERVIEW Legal Software Banking Technology Practice Management Data Insights & Due Diligence Lending Tech Payments Managed Banking Services End-to-end practice management software enables Our payments infrastructure technology facilitates the transfer of We connect a global netw
Slide 8: Performance: Growth in Contracted Revenue
PERFORMANCE: GROWTH IN CONTRACTED REVENUE • ARR1 of $152 million on an annualized basis for Q2 FY25, up 36% compared to one year ago, representing 34% of total revenue • Q2 FY25 Annual Contract Revenue is 57% of total revenue Annualized Contractual Revenue1,2,3 (C$ mm) 1 1. Annual Recurring Revenue
Slide 9: Highly Attractive & Diversified Revenue Model with Predictability and Scale
HIGHLY ATTRACTIVE & DIVERSIFIED REVENUE MODEL WITH PREDICTABILITY AND SCALE Breakdown of Revenue Model – Q2 FY2025 1 Subscription 9% Non- Contracted Contracted Payment per legal matter or transaction 57%n Contracted Transactional Transactional 23% 2 Non-Contracted Represents actual revenue usage abo
Slide 10: Performance: Quarterly Financials
PERFORMANCE: QUARTERLY FINANCIALS • Revenue growth has been primarily driven by organic initiatives, coming from Financial Solutions and Practice management solutions • Consistent Adjusted EBITDA Margins1 of mid 50% (Q2 FY25: 55%) demonstrate scalability of platform Revenue (C$ mm) Adjusted EBITDA1
Slide 11: Leveraged Free Cash Flow Affected by One-Time Charges in Q2 FY25
LEVERAGED FREE CASH FLOW AFFECTED BY ONE-TIME CHARGES IN Q2 FY25 Net Cash from Operating Activities Less Additions to Intangible Assets, Lease Obligations & Purchases of Property Plant and Equipment (C$MM) Leveraged Free Cash Flow (C$MM)1 Q2 FY25 cash flow $46 impacted by one-time $40 CEO separation
Slide 12: Management's Near-Term Priorities
MANAGEMENT’S NEAR-TERM PRIORITIES 1 • Focus is building upon our strong portfolio of assets Strategy Fine- • Focus on organic revenue growth, driven by increased customer engagement Tuning • Meaningful investment in building and partnering vs. M&A Change in • Customer views and requirement will driv
Slide 13: Appendix
APPENDIX When being certain is everything everything / 1313
Slide 14: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION Net Income to Adjusted EBITDA Three months ended Three months ended Twelve months ended Twelve months ended ($C 000's) December 31, 2024 December 31, 2023 June 30, 2024 June 30, 2023 Income (loss) for the period (17,635) (34,759) (174,348) (170,643) Amortization and de
Slide 15: Reconciliations
RECONCILIATIONS Organic Revenue Reconciliation Leveraged Free Cash Flow Reconciliation Adjusted Net income Three Three Three Three Three months ended months ended months ended months ended months ended December 31, December 31, December 31, ($C millions) December 31, December 31, ($C millions) 2024