Asur 6262013
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Transcript of Asur 6262013
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
ASURE SOFTWARE Jennifer Crow, Chief Financial Officer
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
"Safe Harbor" Statement (Under the Private Securities Litigation Reform Act of 1995):
Statements made in this presentation regarding Asure’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such risks and uncertainties could cause actual results to differ materially from those contained in the forward-looking statements.
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2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Asure Software
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Asure Software is an industry leader in providing cloud-based workplace management solutions. Over 5,000 clients deploy our workplace management software products, hardware products, services and support to improve their workforce and workplace processes.
Key Statistics Corporate headquarters Austin, Texas
Company footprint Global presence with offices in TX, RI, MN, MA, MI & the UK
Founded 1985
Ownership Publicly traded (Nasdaq: ASUR)
2013 revenue guidance $25 - $27 million
Number of clients 5,000 and growing
Industry expertise The Asure senior management team has more than 50 years of collective experience in workplace management
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
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Our mission is to deliver innovative technology with the passion to empower every client’s workplace and a commitment to make each workday easier.
Innovative & Flexible Technology
Industry Expertise
Asset Optimization
Global & Compliant
Education & Adoption Workspace Productivity
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Asure Software Businesses
• Meeting Room Manager • Resource Scheduler • Workspace Manager • PeopleCounter & Workplace
BI • Energy Management • LCD displays
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• Time & Labor Management • Workforce scheduling • Leave requests / PTO mgmt • Payroll interfaces mgmt • Timeclocks • Geopunch
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Asure Software’s Client Promise
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Vendor
Partner
Advisor
We will…
Create Measurable Value
Work hard to delight each of our clients every day
Provide collaborative expertise for our clients
Develop smart reliable solutions that make our clients successful
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Time Tracking & Professional Services
Automation
Workforce Management
Integrated HR Management
Time & Attendance
Direct Competition
Indirect Competition
Asure’s Time and Labor Management Ecosystem
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
T&LM Market Vendor Positioning
Small Business
Mid-sized Business
Enterprise
>$310M Market**
** Source : Census.gov (620k firms with 25 – 500 EEs)
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Facility Energy Management
Facility Optimization
People Scheduling
Room Scheduling
Direct Competition
Indirect Competition
Asure’s Meeting Management Ecosystem
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Meeting Management Vendor Positioning
Small Business
Mid-sized Business
Enterprise
>$100M Market**
Asure Acquired Peoplecube on 7/3/12
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Market Landscapes
Meeting Room Resource
Management
• Asure is the clear market leader
• Asure is the only publically traded company with a solution
• Market data is not independently analyzed
• Greater than $100M market potential*
Time & Attendance
• Subset of $32B Human Resource Management Market
• Fragmented mid-sized business space
• Mid-sized business market is more than $300M annually**
• Asure holds 2% market share of mid-market space
• 88% of the Asure business is based in US
* Source : Census.gov (Higher Education, Legal and Healthcare) ** Source : Census.gov (620k firms with 25 – 500 Ees)
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Asure’s History
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2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Launch New Platform &
Mobile Apps
Asure History To Date
2009 2010 2011 New
Executive Team Q4 ‘09
Annual Revenue $10 million
Losses $9.7m
70% Recurring
Revenue
2012 Refocused
the Business
Annual Revenue $10 million
Losses $1.1m
76% Recurring
Revenue
Expanded Sales &
Marketing
Acquired ADI Time &
Legiant
Annual Revenue
$10 million
Losses $.7m
75% Recurring Revenue
Acquired Peoplecube in
July 2012
Annual Revenue $20 million
Losses $3.0m**
79% Recurring
Revenue
**includes $2.3 million in one time charges related to
acquisitions.
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Asure Software – Selected Financial Data
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Share Data Ticker ASUR
Price 06/10/2013 $6.00
52 Week High $8.00
52 Week Low $4.01 Outstanding Shares 5,924,551
Market Capitalization $34.9
Management Holdings
CEO – 6.7% Chairman of the Board – 13%
Avg Daily Volume (3 month) 11,000
2011 2012 Cash $1,067 $2,427
Total Current Assets $3,100 $7,249
Total Assets $16,085 $36,148
Total Current Liabilities $7,415 $16,938
Total Liabilities $6,606 $17,050
Total Equity $2,064 $2,160
Revenue $10,941 $19,965
EBITDA $1,306 $1,620
EBITA excluding one times $1,812 $3,295
Raised $3.5 million on 05.31.13 – 662,000 shares
Q213 Guidance - $6.2 - 6.5 Revenue, $.9 -1.1 EBITDA plus one times
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Organic Growth - Industry Expertise
Corporate Education Healthcare Legal
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
The Future Market Place Is Global
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2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Global Expertise & Opportunity
Asure
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Acquisition Opportunity : Global Coverage
0
50
100
150
200
250
300
350
United Kingdom Canada Europe - NoUK
Asure
PC
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Stage of Market Implementation
Market growth is still large
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
HR functions not yet widely virtualized
Cloud Computing Adoption
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
Poised For Growth • Strong financial position • Leading cloud-based
solutions
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• Complete solutions portfolio • Large market opportunity • Proven partner channel
2012 Copyright© Asure Software. All rights reserved. Confidential - Proprietary Information.
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CONTACT: Jennifer Crow