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2019 Q2 WebCast Final · •Generate 11 different BIM file formats from 1 source model •Save time...
Transcript of 2019 Q2 WebCast Final · •Generate 11 different BIM file formats from 1 source model •Save time...
BIMobjectFinancial Market PresentationAugust 15, 2019
Alexander DahlquistGroup CFO
Kim MortensenCEO
Ben O’DonnellCTO
CEO: Kim Mortensen
• Joined BIMobject on June 1st 2019
• More than 10 years experience within the SaaS industry
• Work within technology and software companies since 2007
• Strong leadership experience as CPO, COO, CEO, latest vice CEO –
strong tech, operational and commercial understanding
• Experience from fast-growing software company within
digital- and data- driven marketing
• Worked with the transition going from a founder based start-up
culture to a more process driven scale-up companyKim MortensenCEOBIMobject
CFO: Alexander Dahlquist
• Joined BIMobject on May 15th
• More than 15 years experience from large international groups
• Spent many years at Saint-Gobain, one of the leading building wholesalers
• Strong business-controlling and process development skills
• Experienced in introducing and monitoring internal control environments
• Worked extensively with integration and change management
Alexander DahlquistGroup CFOBIMobject
CFO: Alexander Dahlquist
• Joined BIMobject on May 15th
• More than 15 years experience from large international groups
• Spent many years at Saint-Gobain, one of the leading building wholesalers
• Strong business-controlling and process development skills
• Experienced in introducing and monitoring internal control environments
• Worked extensively with integration and change management
Alexander DahlquistGroup CFOBIMobject
Main drivers Q2 2019
What went well:• Continued strong organic and acquisition driven growth of Users and Downloads
• Web Services sales (SaaS) continues to grow relative to project sales
• Continue outpacing of competitors on a global basis
• Net sales grow 33% in Q2 2019
• Strong growth in Nordics, and EMEA on a good pace in H1
What did not go so well:• Total billing for Q2 2019 was disappointing
• North America sales continues to struggle
• Billed project sales faced headwinds in some markets
Accumulated registered users*
*BIMobject.com users only
• Continued solid and cost-efficient User growth
• Truly global User demand which increases the platform attractiveness for international marketing & trading opportunities for BPM Customers
• Largest global User base within our industry
Churn
New BPMs
ARRExisting Customers
Year 1
ARRExisting Customers
Year 2
ARRTotal Customers
Year 2
Uplift
SaaS model simplified+ Annual Recurring Revenue (ARR) end of yr. 1
+ Uplift (subscription) for existing Customers
- Cancellation (churn) of existing Customers
+ New subscription agreement with new Clients
Our core revenue streams
2 different types of sales/revenue
• Subscription based - Web Services
• Project sales - Content Production
Refer to Web Services when we sell annual subscription products
• Publishing/hosting on our portal BIMobject Cloud and BIManalytics Core
• Foundation to scale and grow at a high pace
• Ability to drive high margin long term
We refer to project sales when we sell Content Production projects
• Lower margin and less scalability
• Content Production part of landing new BPM customers
• Further content volume potential to existing BPMs as many have only digitalised part of their existing product catalogue
ARR
VALU
E
Business result Q2 + H1 2019
Mixed picture during the Q2 2019
• After a strong first quarter across the board, we saw a mixed picture during the second quarter
• Continued strong net sales, as web sales continue to grow
• Web Service ratio continues to increase
• High fluctuations on billing and Q2 2019 came in flat
*Including acquisitions
Regional business trading Q2 and H1 2019
Variation between regions
• Nordics show strong growth in H1 2019
• H1 EMEA on a healthy overall pace, with a mixed picture across countries
• North America continues to be a challenging market – activities initiated but will take time
• Increased competition on project sales especially in North America
*Including acquisitions
BIMscript – a competitive differentiator
• BIMscript is a unique scripting language developed and owned by BIMobject (Full IP rights)
• BIMscript only works in combination with the BIMobject Cloud
• Generate 11 different BIM file formats from 1 source model• Save time and money• Reach a larger audience base (Revit, ArchiCad, Sketchup, AutoCad etc.)• Models are linked to product pages allowing for Single Source of Truth (SSOT)
• Gives the user the right tools to create parametric BIM objects• Lets content developers create all the required parameters so that the user can configure the
product they are looking to specify e.g. add material groups, add/remove specific logic etc.
• BIMscript is an important part of building the eco-system and create moat• External content developers can get access to BIMscript by becoming
accredited BIMscript developer• Driving more content development also by internal resources at
the BPMs, which will be hosted at BIMobject Cloud
Autogenerated file formats
BIMscript
2019 priorities and outlook
Business• Work closely with management team reviewing strategy and formulate the future business plan
• Meet colleagues and deepen understanding of opportunities and challenges in the different regions
Sales• Strong focus on growth in sales and users looking at how we can accelerate marketing and sales excellence going forward
• Continue the strong focus on North America to regain momentum
Development & Content Production• Increase efficiency/productivity in Content Production process
• Focus on our core business launching features that drive User- and Customer- engagement
Revised 2019 goals
• Increasing billed sales by at least 20 percent (revised down from 30 percent)
• Achieving at least 1.7 million registered users (revised up from 1.5 million)
• Reaching an object volume of 450,000
• Streamline core operations to increase scalability.
• Prepare for listing to Nasdaq Stockholm
Commentary on 2019 goals
• Weaker Q2 performance and challenges in North America make growth goal in billing a stretch and revised goal will be at least 20% growth in 2019
• Reached the goal of accum. registered users based on organic and acquisition growth. Increase goal to at least 1.7 million
• Object pacing to reach goal end of year based on organic and acquisition growth
• Continually strive to optimise internal processes to facilitate scalability
• Systematic approach to create an internal environment capable of handling Nasdaq Stockholm requirement
Questions
Thank you.