fiscal fourth quarter 2013 results

1 ©2013 Textura Corporation

Textura Corporation – Fiscal Fourth Quarter 2013 Results

Image: Hudson Yards Redevelopment, New York, NY – a project managed using Textura Construction Collaboration Solutions


Safe Harbor

This presentation includes forward-looking statements, including statements regarding Textura's future financial performance, market growth, demand for Textura's solutions, and general business conditions. Any forward looking statements contained in this presentation are based upon Textura's historical performance and its current expectations and projections about future events and financial trends affecting the financial condition of its business. These forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward-looking statements are based on information available to Textura as of November 21, 2013, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to, trends in the global and domestic economy and the commercial construction industry; our ability to effectively manage our growth; our ability to develop the market for our solutions; competition with our business; our dependence on a limited number of client relationships for a significant portion of our revenues; our dependence on a single software solution for a substantial portion of our revenues; the length of the selling cycle to secure new enterprise relationships for our CPM solution, which requires significant investment of resources; our ability to cross-sell our solutions; the continued growth of the market for on-demand software solutions; our ability to develop and bring to market new solutions in a timely manner; our success in expanding our international business and entering new industries; and the availability of suitable acquisitions or partners and our ability to achieve expected benefits from such acquisitions or partnerships, including our acquisition of PlanSwift in January 2013. Forward-looking statements speak only as of November 21, 2013 and we assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Further information on potential factors that could affect actual results is included under the heading “Risk Factors” in our prospectus filed on September 20, 2013 and our other reports filed with the SEC.

This presentation should be read in conjunction with Textura’s Q4 2013 Earnings Release on the Company’s Investor Relations website at investors.texturacorp.com.

In addition to U.S. GAAP financial information, this presentation includes certain non-GAAP financial measures. These historical and forward-looking non-GAAP measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. A reconciliation between GAAP and non-GAAP measures is included in Textura’s Q4 2013 Earnings Release on the Company’s Investor Relations website at investors.texturacorp.com.

http://investors.texturacorp.com/

http://investors.texturacorp.com/


Introduction and Review of Key Highlights

Image: Hudson Yards Redevelopment, New York, NY – a project managed using Textura Construction Collaboration Solutions

Patrick Allin Chairman, CEO, Co-founder


Investment Highlights

Global market opportunity

Compelling client value proposition

CPM – no competition

High EBITDA margin potential

Exceptional revenue growth

Experienced

team


Current Business Processes – Complex, Error Prone, Inefficient

Banks / Insurers

Title Company

Owner / Developer

Sub-contractors Engineers

Architects

General Contractors

Suppliers

Architects Financing

Companies Insurance

Companies

Owner/ Developer

GC

Prime Sub Prime Sub

Sub

Material Supplier

Sub Sub Sub

Sub-tier Sub-tier

Sub-tier

Etc.

. . . Material Supplier

Material Supplier

. . .

Sub . . .

Prime Sub . . .

Title Companies

Engineers . . .

Design Pre-

qualification Bid Contracting Construction Close-out


Textura Solutions – Addressing the Project Lifecycle

Design Pre-

qualification Bid Contracting Construction Close-out

CPM

PlanSwift Submittal Exchange

GradeBeam

PQM Submittal Exchange

Construction Collaboration Solutions®

LATISTA BidOrganizer


Over $28 billion of Total Addressable Market

Market Expansion

Monetization Huge Total

Addressable Market

Target Global

Markets >$4.8t

Current Markets >$1.3t

Current Solutions ~30 bps

Total Addressable

Market >$28.0b

Current Markets

and Solutions

>$4.4b

Global Platform ~50 bps

Key Strategies: • North America market

penetration • Global expansion to Asia

and Western Europe

Key Strategies: • Cross-sell solutions • Strategic acquisitions • Solution expansion • Solutions to platform • Pricing

Result:

• Potential for long term very high revenue growth rates

Target Global

Opportunity ~55-60 bps Current

Opportunity ~34 bps

Mobile +5–10 bps

Mobile +4 bps

~$3.9b

Mobile +$0.5b

~$24.0b

+$4.0b


Multiple Long-term Growth Opportunities

Market penetration

Cross-sell solutions

Global expansion

Related markets

Strategic acquisitions

New products

Future

US, Canada, Australia

Western Europe,

Developed Asia

Mining

Oil and Gas

Data

Financing

Price

• Approx. 8% penetration

• 7 primary solutions

• Few multi-product clients

• Bundled sales/ pricing

• Platform strategy

• Project lifecycle from design to operation

• Integrated

solution suite

Submittal Exchange

GradeBeam

PlanSwift

CPM

PlanSwift Submittal Exchange

GradeBeam

PQM

BidOrganizer

LATISTA


Recent Highlights – Continuing to Execute our Strategy

• Accelerating revenue growth to 72%

• $23.7 billion construction value added – 158% growth

• 10,114 client organizations – 94% growth

• 6,225 total active projects – 32% growth

• Key customer wins for CPM

• GH Phipps, Grunley Construction, Graycor Construction

• Continued traction in Australia; expanded into Ireland

• LATISTA propels Textura into mobile

• Leading provider of mobile-enabled construction solutions

• $35 million transaction expected to close early December

• BidOrganizer solution for contractors

• Efficiency solution for bid invitation process

• Launched September 9th

• Follow on equity offering

• September 20th pricing – $38 per share

• Net proceeds – $59.8 million

Capital Markets

New Solutions

Strong Fiscal 4Q Results

CPM Penetration

Transformative Acquisition


Fiscal Fourth Quarter 2013

Financial Overview

Image: Denver International Airport South Terminal Redevelopment, Denver, CO

– a project managed using Textura Construction Collaboration Solutions

Jillian Sheehan EVP and CFO


Fiscal Fourth Quarter 2013 Highlights

• 72% revenue growth

• Activity-driven revenue up 50%

• Organization-driven revenue up 238%

• 84% operating expense growth

• Driven by investment to support growth, impact of acquisitions and on-going costs of being a public company

• $5.3 mm Adj. EBITDA loss vs. $2.3mm loss in Q4 2012

• Focus on supporting growth and strategic initiatives

• $0.23 Adjusted EPS loss vs. $0.33 loss in Q4 2012

• Weighted average share count of 22.9 million

• $127.7 million cash position at September 30, 2013

• Follow-on offering provides added liquidity for investment

Accelerating Revenue Growth

Expense Trends

Adjusted EPS

Adjusted EBITDA

Balance Sheet


Consistently High Growth Rates

$6.0

$10.5

$21.7

$35.5

CY10 CY11 CY12 CY13

90% 75% 106% 64%

Year-over-year change

$3.3

$4.5 $5.2

$5.7 $6.3 $6.8

$8.5 $9.4

$10.9

Sep 11 Dec 11 Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep 13

77% 110% 119% 109% 92% 51% 65% 65% 72%

Year-over-year change


Revenue Model – Broad Base of Paying Customers

• Revenue from all users

• Fees are invoiced and collected in advance

• Highly sticky, recurring, and visible

CPM

PlanSwift

Submittal Exchange

GradeBeam

PQM

Activity-driven

• Owners/GCs • Subscription fees based on

project portfolio – total number of projects/construction value

• Subcontractors • Project usage fee – varies by

value of contract

Organization-driven

• Primarily organization annual subscription fees

• Fees based on: • Construction volume,

number of offices/subcontractors

BidOrganizer

LATISTA


Revenue Guidance Range

• 72 - 75% year-over-year growth

• $11.7 – $11.9 million

• Includes $75,000 – $100,000 LATISTA contribution

• 62 - 70% year-over-year growth

• $57.5 – $60.5 million

• Includes $1.5 – $2.0 million LATISTA contribution

Fiscal First Quarter 2014

Fiscal 2014


Image: World Trade Center Transportation Hub, New York, NY – a project managed using Textura Construction Collaboration Solutions

Questions . . . and Thank You

fiscal fourth quarter 2013 results

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