Par Technology Corporation · NYSE:PAR
Par Technology — Investor Presentation (June 2016)
33 slides from Par Technology's investor presentation, June 2016
Slide 1: PAR Technology Corporation
1 PAR Technology Corporation
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure 2 Forward looking statements during this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitat
Slide 3: PAR Technology Corporation
PAR Technology Corporation 3 PAR Technology Corporation (NYSE: PAR) Food & Beverage Management Technology Government Technology “Cloud” Software Intelligence Solutions Hardware & Peripherals Mission Systems Integration Services Integration Services Lifecycle Support
Slide 4: PAR Key Facts
PAR Key Facts 4 • NYSE Company – • 2015 Revenues -- $229M • Revenues up 5.1% from 2014 • 2015 Adjusted Net Income increased by more than 60% to $6.1M • Recent Realignment of Restaurant Technology Business produced $2M+ of annual operating savings • Divested underperforming business unit November 201
Slide 5: PAR's Core Competencies
PAR’s Core Competencies 5 Food & Beverage PAR Technology Corporation Government Management Technology (NYSE: PAR) Technology • IoT • Cloud Technology Innovation • Algorithm development • Digital • Food & Beverage Experience/Deep • Intelligence Solutions Technology Management Market Knowledge • Missi
Slide 6: PAR's Technology Transfer
PAR’s Technology Transfer 6 Micro Algorithms IoT Processors Cloud
Slide 7: How you should know PAR… World Class Customers!
How you should know PAR… World Class Customers! 7 HARDWARE SERVICES SOFTWARE HARDWARE SERVICES SOFTWARE HARDWARE SERVICES GOVERNMENT CONTRACTS
Slide 8: Food & Beverage Management Technology Market Overview
Food & Beverage Management Technology Market Overview 8 Restaurants Globally Concepts 73% plan to upgrade store Quick technology in 2016 North America, Serve / 1,000,000 Fast Casual, 60% Quick Serve / Fast Casual All Others Segments Rest of World, QSR Bar/Nightclub ISV 5,500,000 FC Grocery Rest of W
Slide 9: Food Safety/HACCP Global Available Market
Food & Beverage Management Technology Market Overview 9 Food Safety/HAACP Global Available Market Food Distribution, Grocery, 75,000 30,000 Restaurant, 1,256,000 Contract Food/Food Service, 1,475,500 Segments Grocery Restaurant Food Service Grocery Restaurant Contract Food/Food Service Food Distribu
Slide 10: Evolution and Transformation Strategic Framework
Evolution and Transformation Strategic Framework 10 Improve Extend Transform Diversify customer base by penetrating lower tier restaurant markets and retail/grocer segment with “Cloud” software offerings • Diversify to Dominate • Elevate the Customer Experience • Raise the Bar Increase recurring sof
Slide 11: Restaurant Technology – Exploiting the "Cloud"
Restaurant Technology – Exploiting the “Cloud” 11 PAR’s Brink POS® is a “Cloud” based restaurant management solution specifically designed for fast casual and quick service chains. Brink uses cutting edge technology to track sales, enter in-store and online orders, implement effective customer loyal
Slide 12: Recent Trends in our Restaurant Technology Business
Recent Trends in our Restaurant Technology Business 12 • Brink POS Driving New Customer Wins in non-Traditional Markets • Predominantly Fast Casual (Fastest Growing Segment in Restaurants) • Software and Associated Revenues Grew 20% in the last reported quarter Pic here • Recurring Revenue now makes
Slide 13: Brink Growth Sites
Brink Growth 13 Sites 2500 2000 1500 1000 500 0 2014 2015 2016 (Est) Sites
Slide 14: Recent Brink New Customer Wins
Recent Brink New Customer Wins 14 1200 store Hamburger Concept Deploying Complete PAR solution Software, POS Terminals, Tablets and Lifecycle Support 500 store Sandwich Concept founded in Kingston, Ontario Deploying Brink POS Software to US Restaurants 67 store Tex Mex Fast Casual concept based in M
Slide 15: PAR's Food Safety & Task Management "Cloud" Solution
PAR’s Food Safety & Task Management “Cloud” Solution 15
Slide 16: Food Safety and Checklist Efficiency
PAR SureCheck® Advantage 16 Food Safety and Checklist Efficiency • Automated HACCP Management • Reduced Labor Costs • Minimal Training • Increased Record Accuracy • Minimal Up-Front Costs • Quick Deployment • Easy Cloud-based Application Installed and running in 6000+ Domestic stores Currently opera
Slide 17: SureCheck Growth Sites
SureCheck Growth 17 Sites 8000 7000 6000 5000 4000 3000 2000 1000 0 2012 2013 2014 2015 2016 Sites
Slide 18: Recent SureCheck New Customer Wins
Recent SureCheck New Customer Wins (#PARwins) 18 High End Grocery Store Chain with 28 locations concentrated in the Midwest, and principally Minnesota. Lunds & Byerlys has an unwavering focus on exceeding expectations through extraordinary food, exceptional service and passionate expertise. A privat
Slide 19: The Competition
The Competition 19
Slide 20: EverServ 8000 – Reshoring of Product
What PAR also provides – EverServ® Hardware 20 EverServ® 8000 – “Reshoring” of Product -- Introduced family of SureCheck Advantage Mobile POS devices iOT
Slide 21: PAR Customer Services
PAR Customer Services 21
Slide 22: PAR Customer Services
PAR Customer Services 22 Professional Services System Maintenance Technical expertise and industry Support all PAR hardware and experience to provide the highest software as well as several third- level of service and support party hardware and software throughout the deployment process applications
Slide 23: PAR Government
\ PAR Government par SRA. ParR Government
Slide 24: PAR's Government Business
PAR’s Government Business 24 Mission Systems PAR Provides Essential Services and Solutions for National Defense and Intelligence • Significant backlog at end of 2015= $101.2M • Annualized Revenues Approx. $90M Intelligence Solutions • Awarded $185M in ISR Contracts over last 36 months
Slide 25: Peer Group Comparison
Peer Group Comparison 25 Normalized Annual Revenue 140% 128% 129% 127% 124% 120% 100% 100% 95% PAR Govt 86% Peer Group 79% 79% 80% 60% 2011 2012 2013 2014 2015
Slide 26: Financial Trends and Strategic Initiatives
Financial Trends and Strategic Initiatives 26
Slide 27: Fiscal Year Revenues Grew 5.1% in 2015
Recent Trends in our Business 27 Fiscal Year Revenues Grew 5.1% in 2015 $250,000 $225.9M $229.0M $217.8M $200,000 $150,000 $100,000 $50,000 $0 2013 2014 2015 In Thousands
Slide 28: Adjusted FY 2015 Income from Continuing Operations Improved
Recent Trends in our Business 28 Adjusted FY 2015 Income from Continuing Operations Improved Dramatically (60%+) from 2014 -- $3.8M to $6.1M $7,000 $6.1M $6,000 $6.1M $5,000 $4,000 $3.8M $3.8M $3,000 $2.8M $2,000 $1,000 $0 In Thousands 2013 2014 2015
Slide 29: PAR Growth Drivers
PAR Growth Drivers 29 Key Drivers Complete solution provider for Restaurants • Software + Hardware + Services “Native Cloud” applications for Restaurants & Retail • Recurring Revenue Growth – Annuitizing Business Global Sales & Service infrastructure Government business 40+ years of profitable growt
Slide 30: 2016 Strategic Initiatives
2016 Strategic Initiatives 30 Restaurant Technology Business • Diversifying Hospitality customer base (Brink Acquisition) – Incremental Growth • Focus on growing recurring revenues – e.g. SaaS business model, IoT, Mobility • New products including “Cloud” initiatives – Brink POS & SureCheck • Increa
Slide 31: PAR Key Facts -- Takeaway
PAR Key Facts -- Takeaway 31 • Company Revenues up 5.1% in 2015 • Product Revenues rose 11.7% in 2015 • Recurring Revenue stream now comprises 22% of Restaurant total • Realignment of Restaurant Business yielding $2M+ in savings • Next Generation “Cloud” Products now gaining traction • Adjusted Net
Slide 32: Thank You
THANK YOU
Slide 33: parR
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