Par Technology Corporation · NYSE:PAR

Par Technology — Q4 2022 Earnings Presentation

19 slides from Par Technology's earnings presentation, Mar 1, 2023

  1. Slide 1: Q4 '22 Earnings Presentation

    Q4 ‘22 Earnings Presentation March 1, 2023 NYSE: PAR

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements. This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking sta

  3. Slide 3: A little about us...

    A little about us...

  4. Slide 4: To enable personalized experiences that connect people to the brands, meals, and moments they love

    To enable personalized experiences that connect | people to the brands, meals, and moments they love.

  5. Slide 5: Our Journey … Thus Far

    Our Journey … Thus Far ... 5 $111.4M Q4 2022 Please see Appendix A – Key Performance Indicators for more information on ARR and Active Sites

  6. Slide 6: Building a Unified Experience

    Building a Unified Experience 6

  7. Slide 7: Financial Review Fourth Quarter and Year End 2022 Highlights

    Financial Review Fourth Quarter and Year End 2022 Highlights

  8. Slide 8: Q4 '22 Financials

    Q4 ‘22 Financials Consolidated Highlights • 20% increase in revenue from Q4 2021 • 41% increase in gross margin from Q4 2021 • 47% reduction of net loss from Q4 2021 Subscription Service Highlights • 26% increase in ARR from Q4 2021 • 47% increase in revenue from Q4 2021 • 79% increase in gross marg

  9. Slide 9: Quarterly KPI Trends: Guest Engagement (Punchh + MENU)

    9 Quarterly KPI Trends Guest Engagement (Punchh + MENU) ARR ($‘000,000) Year-over-year metrics are for the quarter ended 12/31/2022 compared to the quarter ended 12/31/2021. Please see Appendix A for more information on key performance indicators. 46.7 50.2 53.2 57.5 58.9 Q4'21 Q1'22 Q2'22 Q3'22 Q4'

  10. Slide 10: Quarterly KPI Trends: Operator Solutions

    10 Quarterly KPI Trends Operator Solutions (Brink POS + PAR Payment Services + PAR Pay) ARR ($‘000,000) Year-over-year metrics are for the quarter ended 12/31/2022 compared to the quarter ended 12/31/2021. Please see Appendix A for more information on key performance indicators. 32.1 35.5 36.2 38.9

  11. Slide 11: Quarterly KPI Trends: Back Office (Data Central)

    11 Quarterly KPI Trends Back Office (Data Central) ARR ($‘000,000) Year-over-year metrics are for the quarter ended 12/31/2022 compared to the quarter ended 12/31/2021. Please see Appendix A for more information on key performance indicators. 9.4 8.7 9.2 10.2 10.9 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 16% Y

  12. Slide 12: Annual KPI Trends

    ARR ($‘000,000) (1) Adjusted Subscription Service Gross Margin is a non-GAAP financial measure. (2) 2020 gross margin impacted due to one-time COVID waiver and Cost of Goods Sold (COGS). CAGR stands for Compounded Annual Growth Rate. Please see Appendix A for more information on key performance indi

  13. Slide 13: Hardware Annual KPI Trends

    13 Hardware Revenue (#039;000,000) CAGR stands for Compounded Annual Growth Rate. 25% CAGR • Proving value of a complete tech stack • Navigating difficult/challenging supply chain environment Hardware Annual KPI Trends 73 105 114 2020 2021 2022

  14. Slide 14: Appendix A

    Appendix A

  15. Slide 15: Adjusted Subscription Gross Margin Non-GAAP Reconciliation

    (#039;000,000), except % 12 Months Ended Dec 2020 Dec 2021 Dec 2022 Subscription Service Revenue $31 $63 $97 Subscription Service Gross Margin 10 24 50 Add back Amortization from Acquired and Internally Developed Technology included in Subscription Service Gross Margin 6 17 21 Adjusted Subscription Ser

  16. Slide 16: Adjusted Subscription Gross Margin Non-GAAP Reconciliation

    (#039;000,000), except % 3 Months Ended Dec 2021 Dec 2022 Subscription Service Revenue $19 $28 Subscription Service Gross Margin 8 15 Add back Amortization from Acquired and Internally Developed Technology included in Subscription Service Gross Margin 5 5 Adjusted Subscription Service Gross Margin $13

  17. Slide 17: Investment Thesis

    1. Foodservice market ready for disruption • Large TAM in restaurants with ~1m locations in the US spending 2-3% of total revenue on technology1 • The industry shift to cloud technology has led to an explosion in new technology from Voice AI to marketing technology 2. Meeting market need with Unifie

  18. Slide 18: Key Performance Indicator Definitions

    18 • Annualized Recurring Revenue or "ARR” is the annualized revenue from subscription services, including subscription fees for our SaaS solutions, related software support, and transaction-based payment processing services. We calculate ARR by annualizing the monthly subscription service revenue f

  19. Slide 19: Thank You!

    Thank You!

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