Investor Presentaiton
Introduction To TeamViewer
PLATFORM
Business critical
connectivity
platform
• ~100% SaaS
(software as a service)
business model
• ~340m annually active
devices (1)
• Net revenue retention
rate 103% 2019 (3)
GLOBAL
• ~€10bn global TAM as
of 2018
• Active in ~180
countries
• >800 employees
across 15 offices
• Worldwide network
with >1,000 routers
across 81 locations
•
STRONG
GROWTH
Accelerating billings
growth >45% YoY (2)
• 24% TAM (total
addressable market)
growth from 2018-2023
•
Expanding
use cases
Multiple levers for
growth
.
ATTRACTIVE
ECONOMICS
No geographic,
customer or vertical
concentration
• >430k subscriptions (2)
• Scalable with gross
profit margin >90% (3)
and CLTV/CAC
>30x (4)
•
.
HIGHLY
PROFITABLE
Cash conversion
>90% (5)
EBITDA margin
>50% (4)
1. A device which reported any activity type within 12 months
2. 9M 2019; growth YoY
3. LTM Q3 2019; gross profit margin excluding D&A and non-recurring COGS; Net revenue retention rate = 1 - net value churn (gross value churn - expansion); gross value churn as billings lost from customers that had an invoice in LTM-1 but not in LTM
4. FY 2018; CLTV, the expected customer lifetime value, defined as (annual recurring billings (ARB) per customer * gross margin) / gross value churn; CAC, the customer acquisition cost, defined as sales & marketing costs / # new customers
5. Illustrative pre-tax operating cash flow defined as cash EBITDA - capex - change in net working capital; conversion defined as illustrative pre-tax operating cash flow/cash EBITDA
TeamViewer
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