Brivo M&A Growth Strategy
Public comparables - multiples benchmarking
ค
brivo.
Matterport FORTINET. lncino paloalto Camp Oppfolio GGUIDEWIRE Check Point Q2 LATCH SmartRent
Median: 8.8x;
HEXAGON
VERRA
MOBILITY
Security and Vertical SaaS
Software-enabled
Industrial Tech
Trimble
Median: 4.8x
FORTIVE
13.2x 12.3x 11.6x
11.1x 10.2x
8.8x
8.7x
(1)
7.5x
CY2022 E
7.4x
6.6x 5.9x
5.1x 4.5x 4.2x
2.7x
2.8x
Growth Adj. Revenue
Multiples (2)
Revenue Multiples
brivo.
CY2023E
CY2022 E
CY2023E
Median: 7.7x
10.3x
8.9x
9.2x 9.2x
8.8x
7.4x 7.7x 6.3x
(1)
5.0x
4.5x
1.4x
1.2x
Median: 4.5x
6.9x
4.8x
4.2x
3.9x
Median: 0.43x
Median: 0.43xi
1.07x 1.15x
0.91x
0.84x
0.76x
(1)
0.43x
0.48x
0.25x
0.34x
0.37x
0.24x
0.46x 0.40x
0.15x
0.03x 0.02x
Median: 0.38x1
1.30x
0.53x
0.56x
0.62x
(1)
0.07x
0.18x
0.35x
0.43x
0.38x
Source: Brivo Management, company filings, Capital IQ as of 04/14/2022.
Note: Companies sorted by CY2022E revenue multiple.
(1) Based on the proposed transaction.
(2) Represents Enterprise Value / Revenue / Growth Rate.
Median: 0.74x
0.82x 0.84x
0.52x 0.66x
0.26x
0.01x 0.01x
Please refer to "Disclaimer" on Slides 2 and 3 including under the headers "Forward-Looking Statements" and
"Financial Information" for the disclaimer regarding the forecasts and projections included in this presentation.
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