Procore IPO Presentation Deck
We Believe COVID Accelerates the Catalysts
Driving Construction into the Digital Age
D₁
X
Widespread Mobile
Accessibility
Labor Shortage Necessitates
Increased Productivity
Increasing Regulatory &
Contractual Complexities
Data is Underutilized
COVID Accelerates Our
Industry's Digitization
+
+
~93%
~211K
~11x
~96%
of construction workers surveyed
use a smartphone every day¹
unfilled U.S. construction jobs²
construction-related regulations, up
from 463 in 1970 to 5,198 in 2017
of all data goes unused in the
engineering and construction industry³
of respondents believe that COVID-19
will accelerate industry transformation4
~2/3
Notes: ¹ Based on JBKnowledge 2018 estimate. 2 Based on Bureau of Labor Statistics estimate for December 2020. ³ Based on FMI 2018 estimate. 4 Based on a May 2020 McKinsey survey of 100 C-level construction executives.
Sources: JBKnowledge (2018), USG Corporation and U.S. Chamber of Commerce (2019), U.S. Bureau of Labor Statistics (2020), McKinsey Global Institute (2019), FMI Industry Report: Construction Disconnected (2018), McKinsey (2020).
PROCORE®
PROPRIETARY AND CONFIDENTIAL | 10View entire presentation