Kore Results Presentation Deck
Long-Term Organic Growth
KORE
$130.5
FY2020A
$73.7
FY2020A
IoT Connectivity Organic Revenue
2020A-2022A CAGR: 12.7%
$151.6
FY2021A
IoT Solutions Organic Revenue
2020A-2022A CAGR: 7.4%
$77.7
FY2021A
$165.7
FY2022A
$85.1
FY2022A
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Commentary
KORE has experienced strong organic growth since 2020
IoT Connectivity growth has been driven primarily by existing
customers
IoT Solutions growth has been driven by the organic growth
of Connected Health revenues
Organic growth is expected to continue / accelerate and is
supported by an enhanced new business opportunity pipeline
and long-term market tailwinds
KORE continues to target, on an unadjusted basis, mid-to-high
single-digit organic growth in 2023 and double this growth in
2024 when we do not have the ~$24 million headwind
KORE is positioned to be a 20% top line grower with an
EBITDA margin in excess of 20% by 2025 (Rule of 40)
© 2023 KORE 8
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