Kore Investor Presentation Deck slide image

Kore Investor Presentation Deck

Why Invest In KORE? 1 2 3 4 KORE is the Only Public loT Pure-Play KORE's singular focus is on helping customers adopt loT. We simplify the complexities that have held loT back, and we help our customers Deploy, Manage and Scale their loT use cases. KORE orchestrates the IoT ecosystem, and provides loT connectivity, solutions, and analytics services. Exceeding Financial Targets KORE has met or exceeded its financial targets in five consecutive quarters since going public in October 2021. As a result, KORE exceed its $457MM revenue forecast for 2021-22 by $60 million. Significant Recurring Revenue Approximately 85% of KORE's revenue is recurring. KORE's loT Connectivity customers may have thousands of devices deployed for multiple years with high switching costs. Accelerating Long-Term Organic Growth KORE is targeting 12% to 15% revenue growth in 2023, a mid-to-high teens growth rate in 2024, positioning KORE to be a 20% top line grower with an EBITDA margin in excess of 20% by 2025 (Rule of 40). KORE 5 6 7 Diverse Revenue Base KORE serves over 3,600 customers with over 90% of revenues derived from the top 300 customers and only one customer accounting for a low-double digit percent of total revenue. Well Positioned In Growth Industries like Connected Health KORE's Connected Health vertical accounts for approximately 40% of total revenue; Fleet is over 15% and combine with Industrial IoT, Asset Monitoring and Communications Services Providers & Retail, KORE targets industries with over 80% of the loT spend in the marketplace today. Strong Competitive Moat The company's strong portfolio of intellectual property and its 45 carrier integrations provide KORE with a competitive moat that is difficult for competitors to replicate. 14
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