Market Leading Capabilities for the Valuation & Management of Risk for CRE Assets slide image

Market Leading Capabilities for the Valuation & Management of Risk for CRE Assets

Multiple Paths to Aspirational $400 Million Revenue Goal by End of 2023 Altus Group $204 M in 2020 18% Non-Recurring (primarily software services) 82% Over Time -30% subscription & maintenance -50% Appraisal Management & Data Solutions Software Appraisal Management & Data Solutions Key Drivers of Growth: Key assumption: double-digit organic revenue growth, sustained mid 90's% retention Key drivers of growth: 。 Wallet share expansion from existing customers (steady contributor to 2/3 of software sales) – existing customers adding more seats, functionality, new products 。 New client additions, including geographic expansion in continental Europe & Asia Pacific 。 Acceleration of higher ACV platform deals (multi product/global deals) 。 Acceleration of AE cloud adoption: - Higher value AE cloud sales (~20% premium to legacy on premise sale price) - Monetizing "maintenance" to "cloud subscription" conversion (~40% price uplift) - Overall higher lifetime economic contract value (scaling effect of subscription model) - New incremental revenues from upselling new cloud applications (i.e. API connectors) 。 Expansion into market adjacencies in debt & data-driven insights (organic & by acquisition) – including the acquisitions of Finance Active, StratoDem Analytics and Reonomy Key assumption: double-digit organic revenue growth Key drivers of growth: о Growth with existing customers (adding more assets to our platform, launching new funds) о New customer growth, including international expansion in Europe & Asia Pacific, new client types (i.e. deeper penetration with debt funds) altusgroup.com 23 23
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