Investor Presentation
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Well Designed Retention Program Ranges from Proactive Retention to
Post Cancellation Winback
More proactive | Less expensive | Broader retention /
loyalty target
Relatively more expensive, but more economical than
acquiring a new customer
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Proactive
Care
Proactive
Retention
Customer
Retention
Pending
Cancel
Winback
Cancelled
Customer
Winback
Address emerging
risk to proactively
build loyalty, secure
referrals, upsell add-
ons to create
stickiness
Proactive contract
extension offers based on
customer risk level and
attrition drivers, offers
tailored to customer
preferences and NPV
optimized by Al
Retention offers
through higher skilled
employees trained to
handle cancel
requests
Aggressive last-
chance offers
through much higher
skilled, specialist
winback agents
Systematically market
and re-acquire homes
with equipment already
installed (better
economics than new
customer acquisition)
(1)
Machine Learning to continuously monitor and flag customers based on unified set of features that indicate
satisfaction levels, attrition risk, upsell opportunities, referral opportunities and winback opportunities
Proactive Retention reached 115k extension milestone since Oct 2019 program launch, saving an estimated
$1.3m of recurring monthly revenue:
-
Leveraging Offer FIT Artificial Intelligence to optimize offers and increase take rates thus increasing
profitability
-
Continuous increase in agent performance through the program
-
Leveraging the tool across the platform (outbound calls, emails, direct mail and panel messaging)
On average 4 extensions are equivalent to a save; 29k saves at population ARPU of $45 translates to $1.3m RMR saved.
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