Slide 1: Investor Presentation – Barclays Conference
INVESTOR PRESENTATION BARCLAYS CONFERENCE FEBRUARY 23, 2023 SIMPLE IDEAS. POWERFUL RESULTS.
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT The information provided in this presentation contains forward-looking statements within the meaning of the federal securities laws. These forward- looking statements may include, among others, statements regarding operating results, the success of our internal operating plans,
Slide 3: Consistent Strategy
CONSISTENT STRATEGY We compound cash flow by acquiring and growing niche, leading technology businesses. PAGE 3
Slide 4: Roper's Revenue Composition
ROPER’S REVENUE COMPOSITION $5.4B $4.0B $2.9B 100% Perpetual Licenses $0.2B 90% Medical & Water Services & Other Products On-Prem Annual $0.5B Maintenance $1.3B 80% $0.9B Reoccurring $0.4B 70% 60% 50% 40% Vertical Software Recurring SaaS Subscription $4.0B $2.9B $2.1B 30% 20% 10% 0% Total Revenue Ve
Slide 5: Roper Summary
ROPER SUMMARY Continuing Operations Only Organic Revenue Growth Total Revenue Growth 20% COVID Year 13% 11% 11% 11 - 12% 8% 9% 6% 5 - 6% 3% 2019 2020 2021 2022 2023E (mid-point) EBITDA Margin 38% 39% 40% 40% ~40% Vertical Software Medical & Water Products (~75% of Revenue) (~25% of Revenue) Results
Slide 6: Value Creation & Governance Model
VALUE CREATION & GOVERNANCE MODEL Market-Leading Businesses in Defensible Niches • Substantial Excess Free Cash Flow • Customer Intimacy • Investment Grade Leverage • Resilient Organic Growth • Centralized Capital Deployment • High Recurring Revenue Mix • Highly Disciplined & Analytical • Strong Mar
Slide 7: Substantial Outperformance
SUBSTANTIAL OUTPERFORMANCE CUMULATIVE TOTAL SHAREHOLDER RETURN (IPO – 12/31/22) Roper Technologies, Inc. S&P 500 TOTAL SHAREHOLDER RETURN $30,000 (12/31/03 – 12/31/22) 1,863% $25,000 $20,000 $15,000 $10,000 404% $5,000 S&P 500 ROP $0 • Outstanding Q2: Business Model Strong Growth, & Strategy Margin
Slide 8: Appendix
APPENDIX
Slide 9: Reconciliations
RECONCILIATIONS Adjusted Revenue and EBITDA Reconciliation ($M) (From Continuing Operations) FY 2019* FY 2020 FY 2021 FY 2022 GAAP Revenue $ 3,558 $ 4,022 $ 4,834 $ 5,372 Purchase accounting adjustment to acquired deferred revenue 11 12 1 - Adjusted Revenue $ 3,568 $ 4,034 $ 4,835 $ 5,372 Organic 6%
Slide 10: Roper Technologies
Roper TECHNOLOGIES