STRICTLY PRIVATE AND CONFIDENTIAL

1QUARTERLY TECH REPORT – Q2 2016: SAAS

2QUARTERLY TECH REPORT – Q2 2016: SAAS

…DEEP DOMAIN EXPERTISE IN THREE INTER -RELATED SECTORS… …AND AN EXCEPTIONAL CROSS-BORDER TRACK RECORD

WE HAVE MARKET LEADING DIFFERENTIATED CAPABILITY… …WITH GLOBAL INTERCONNECTED REACH…

EXPERTS

3,000+

LONDON NEW YORK SINGAPORE

SENIOR LEVEL

40 250+

25 YEARS

ENTREPRENEURIAL OWNER-MANAGED

MARKETING

HEALTHCARETECHNOLOGY

3LA

ST

12 M

ON

TH S

HA

RE P

RIC

E P

ER

FO

RM

AN

CE

QUARTERLY TECH REPORT – Q2 2016: SAAS

Q2 2016 PERFORMANCE

4LA

ST

12 M

ON

THS

Q2 2

016

LARGE CAP MID CAP

QUARTERLY TECH REPORT – Q2 2016: SAAS

5LA

ST

12 M

ON

THS

Q2 2

016

SMALL CAP

QUARTERLY TECH REPORT – Q2 2016: SAAS

6

REVENUE GROWTH (2016-17E) EV / REVENUE 2016E

EBITDA MARGIN 2016E EV / EBITDA 2016E

QUARTERLY TECH REPORT – Q2 2016: SAAS

7

LTM Q2 2016

% CHANGE

LTM Q2 2016

% CHANGE

QUARTERLY TECH REPORT – Q2 2016: SAAS

8

OPERATING METRICS VALUATION METRICS

PRICE ($) % OF 52 MARKET TOTAL NET ENTERPRISE REVENUE SUBSCRIPTION REV. GROWTH GROSS MARGIN EBITDA MARGIN REVENUE EBITDA

COMPANY (30-JUN-16) WEEK HIGH CAP CASH DEBT VALUE ($M) CY2016 HISTORICAL CY16-17 HISTORICAL CY2016 CY2017 CY2016 CY2017 CY2016 CY2017

LARGE CAP

MID CAP

•

•

•

QUARTERLY TECH REPORT – Q2 2016: SAAS

9

•

•

•

QUARTERLY TECH REPORT – Q2 2016: SAAS

OPERATING METRICS VALUATION METRICS

PRICE ($) % OF 52 MARKET TOTAL NET ENTERPRISE REVENUE SUBSCRIPTION REV. GROWTH GROSS MARGIN EBITDA MARGIN REVENUE EBITDA

COMPANY (30-JUN-16) WEEK HIGH CAP CASH DEBT VALUE ($M) CY2016 HISTORICAL CY16-17 HISTORICAL CY2016 CY2017 CY2016 CY2017 CY2016 CY2017

SMALL CAP

10QUARTERLY TECH REPORT – Q2 2016: SAAS

DIRECTOR – LONDON PARTNER – NEW YORKPARTNER – LONDON PARTNER – NEW YORK PARTNER – APAC