tsx technology investor day mdf€¦ · company (2019) market cap –ca$ enterprise value –ca$...

11
TSX Technology Investor Day MDF.TO May 2020

Upload: others

Post on 05-Jul-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

TSX Technology

Investor Day

MDF.TO

May 2020

Page 2: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

This document contains certain forward-looking

statements with respect to the Company. These

forward-looking statements, by their nature,

necessarily involve risks and uncertainties that could

cause actual results to differ materially from those

contemplated by these forward-looking statements.

We consider the assumptions on which these forward-

looking statements are based to be reasonable, but

caution the reader that these assumptions regarding

future events, many of which are beyond our control,

may ultimately prove to be incorrect since they are

subject to risks and uncertainties that affect us.

We disclaim any intention or obligation to update or

revise any forward-looking statements, whether as a

result of new information, future events or otherwise,

except as required by applicable securities legislation.

All amounts are in Canadian dollars.

No significant change in the current value

of CAD$ vs. US$

No significant increase or decrease in

revenues and operating expenses

Stable market conditions

Forward-looking

Statement

These assumptions include,

without limitations:

Page 3: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

SaaS Commerce

Technology Company

LTM(Dec 19): $ 77.3 M Sales

$ 14.8 M EBITDA (19%)

80% recurring revenues – 50% US

600 people Canada, U.S., Ukraine, Denmark, China

ECom - 650+ customers

Strategic Sourcing – 3,000+ buyers and

200K+ suppliers

Current market cap: $115M

Mediagrif is Enabling the Digitalization of Commerce

COVID-19 Update

• 100% WFH operational in 3 days,

productivity increase

• 60% Oversubscribed bought deal

of $16M closed May 21st 2020

• Significant increase in Ecommerce and

Strategic Sourcing sales due to acceleration

of Commerce Digitalization

• Advantageous context for M&A strategy

MDF.TO CONFIDENTIAL

Page 4: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

FOUR SECTORS OF ACTIVITY

Strategic Sourcing

US$ 10B market by 2023 with

+10% CAGR(1)

CLM market set to double from

US$1B to US$2.5B (2)

(1) Source: MarketWatch – Procurement Software

Market Valuation - October 15, 2018

(2) Source: Research & Markets - Contract lifecycle

management software market: Global

industry trends, Share, Size, Growth, Opportunity

and forecast 2019-24 - February 2019

eCommerce

$10.4B US e-commerce

platform market by 2025 with

12-15% CAGR(1)

Valued at $12.2T globally, the

B2B e-commerce platform

market is 6x larger than B2C(2)

(1) Source: Research & Markets, Digital Commerce

Software Market – Growth, Trends, and Forecast

(2020-2025), Jan 2020

(2) Source: Research & Markets, Global

E-commerce Software Market Size…and Forecasts,

2018 To 2026, Sept 2018;

Supply Chain

US$ $1.4 B NA market by 2024

with 11% CAGR (1)

(1) Source: Market Study Report – Electronic Data

Interchange (EDI) Software Market

eMarketplaces

Global B2B eMarketplaces

sales set to hit $3.6 trillion by

2024 (1)

(1) Source: DigitalCommerce360.com – iBE – Q4

2019

Simplifying the

sourcing process for

buyers and giving

suppliers access to

the largest database

of opportunities

Enabling the flow

of commerce with

omnichannel

shopping capabilities

Optimize collaboration

between retailers and

suppliers, through

speed, data quality

and efficiency of supply

chain transactions

Secure eMarketplaces

connecting buyers and

sellers to create

transaction efficiency,

productivity and profit

SaaS Commerce Technology Company

MASSIVE GLOBAL MARKET OPPORTUNITY

Investing for growth Investing for growth EBITDA EBITDA

MDF.TO CONFIDENTIAL

Page 5: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

Solid Customer Base to Build on and Cross-sell

• E-Commerce - Over 650 clients, including many marquee Brands

• Strategic Sourcing - Over 3,000 buyers and a network of 200,000 suppliers

MDF.TO CONFIDENTIAL

Page 6: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

5 Year BHAG

$250M+

EBITDA + Growth > 40%

$1B Valuation

1,500+Employees

TechRecognitione.g.: Gartner, Forrester, etc.

Employer of

Choicee.g.: Top SMB Tech Company,

Glassdoor, etc.

Onecompany

One Recognized Brand

MDF.TO CONFIDENTIAL

Page 7: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

Our strategic

M&A plan

Increase our customer

count and expand our

geographic coverage

Seek technology

components that bolster

our existing product and

service offerings.

Strengthen our

corporate development

efforts to accelerate the

execution of our M&A

strategy.

Our organic

growth plan

Strengthen GTM

Compounded by

strategic M&A

Implement sales-

driven culture

throughout the

company

Product development

strategy

Monetization of data

through high value,

AI-based services

Accelerated cadence

of releases and new

features

Obtain product

recognition

5 Year Strategic Plan

MDF.TO CONFIDENTIAL

Page 8: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

Company (2019) Market Cap – CA$ Enterprise Value – CA$ Revenues EBITDA

Opentext 15,5B 17,9 4,7x 15x

Kinaxis 2,8B 2,5 10,9x 63,4x

SPS Commerce 2,6B 2,4 6,5x 34,8x

Scout RFP N/A US$540M 18x N/A

Mediagrif 89M 96 1.2x 5.9x

Data sources: S&P Capital IQ, Mergermarket; CRM - Customer Relationship Management; SEC – Security; PYMT - Payment/Financials ; ISS - Industry Specific Software;

HCM - Human Capital Management; ERP - Enterprise Resource Planning; SCM - Supply Chain Management; IS - Internet Software.

Comparable Valuations

MDF.TO CONFIDENTIAL

Page 9: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

Reasons to Invest

Marked acceleration during COVID, well positioned for accelerated post-COVID growth

Technology core to ongoing Commerce Digitalization trend

Massive Addressable Market

Solid Customer base, high levels of recurring revenues, low churn

Solid growth strategy and financial structure

Favorable M&A market conditions

Solid and highly energized leadership team

MDF.TO CONFIDENTIAL

Page 10: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

Questions

MDF.TO CONFIDENTIAL

Page 11: TSX Technology Investor Day MDF€¦ · Company (2019) Market Cap –CA$ Enterprise Value –CA$ Revenues EBITDA Opentext 15,5B 17,9 4,7x 15x Kinaxis 2,8B 2,5 10,9x 63,4x SPS Commerce

1111 St-Charles Street West

East Tower, Suite 255

Longueuil, Quebec

Canada J4K 5G4

TOLL FREE 877 677-9088

PHONE 450 449-0102

FAX 450 449-8725

Mediagrif.com

MDF.TO

Mediagrif Interactive Technologies Inc.