Market Leading Capabilities for the Valuation & Management of Risk for CRE Assets
Financially Attractive Growth Businesses
✓ Industry leadership with core CRE offerings
✓
Revenue stability across economic cycles
✓ High degree of recurring & repeatable revenue streams
altusgroup.com
ALTUS ANALYTICS
Software
Global
Appraisal
Management
US
REVENUE MODEL (2020):
~82% Over Time Revenues
Altus Group
Data Solutions
Property Tax
Valuation Advisory
Cost Advisory
North America
Canada, US, UK
Canada
Canada/Asia Pacific
Predominately cloud-
•
3-5 yr contracts,
.
based subscription
contracts
95% software
retention rate*
priced per CRE
asset on platform
Subscription-
based
•
Very high client
renewals
Very high client
renewals
FINANCIAL PROFILE:
FY2021 guidance: $250-$252M in revenue & $39 - $41M in Adjusted
EBITDA
YTD Over Time revenues of $148 M, up 19% y/y
Aspirational goal to reach $400 M in revenues by end of 2023
*for flagship Argus Enterprise software product, maintenance retention in Q3, 2021
CRE CONSULTING
Highly Repeatable Revenues
~80% contingency-
•
based fees & time
Predominately
Predominately
fixed fee, multi-
fixed fee
and materials
year
•
Very high client
renewals
Very high client
renewals
Very high client
renewals
FY2021 guidance: $371-$374 M in revenue & $101 - $104 M in
Adjusted EBITDA
Property Tax-growing revenues, top tier margin profile
Valuation & Cost Advisory - stable revenue & earnings contribution
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