Kore Investor Presentation Deck
Why Invest In KORE?
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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
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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.
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