Investor Presentation
Investment Thesis
1
2
3
4
Unique Exposure to
Attractive Tailwinds
Extremely High
Quality Business
Compelling Entry
Valuation
Significant Sponsor
Value Creation
Opportunity
■ Large and growing TAM with significant white space
(>85%)
Secular tailwinds underpinning durable growth for supply
chain management (SCM) software
■ End-to-end, 100% cloud-based SaaS platform
Unique, proprietary self-reinforcing network and data
■ Mission-critical, embedded solutions
■ Sticky, long-term blue-chip customer relationships
■ Attractive entry valuation
■ Substantial upside compared to peers
■ Revenue growth acceleration
■ Accretive acquisitions - transformative and tuck-in
■ Data and analytics - Dun & Bradstreet experience
■ Investor communication as a business strategy
$45bn+
TAM 1
1-$45bn TAM represents combined TAM from North America and Europe. TAM is based on bottoms-up build by industry, company size and level of supply chain complexity.
2 Management estimate of normalized churn, excluding the impact of acquisition and COVID-19 related churn.
3 FY22E is used for E2open given its February FYE. Adj. EBITDA represents Pro Forma Adj. EBITDA for E2open.
4 SCM Tech peers include Descartes Systems, Kinaxis, Manhattan Associates and SPS Commerce. Market data as of 9/11/2020.
7.0 x
Revenue
Growth
Acceleration
~95%
Gross
Retention²
10.7 x
EV/CY21E
Revenue
■ E2open
3
12% +
TAM CAGR
('21E-'24E)
Accretive
Acquisitions
21.3 x
34.7 x
EV/CY21E
Adj. EBITDA
SCM Tech 4
Data and
Analytics
3
Investor
Comm.
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