iLOOKABOUT (ILA) provides software and data services in the real estate valuation sector. Our clients require accurate valuations which form the basis for creating correct tax assessments and market analysis.
Through our proprietary best-in-class suite of SaaS offerings, our clients can rely on us to ensure they are not losing tax revenues nor overcharging thus creating future liabilities.
The acquisition of Clarocity is a strategic, accretive, and synergistic one for the company. An innovative real estate valuation technology company that leverages data and automated valuation modeling.
TSX.V: ILA
Management
Gary Yeoman,Chairman & CEO
Jordan Ross, COOJeff Young, President
Robin Dyson, CFOJeff Hack, CTO
Board of Directors
Lending & Asset Management Insurance Government
Capital Structure Basic Shares Outstanding 85M• Management Ownership 35.9%Other potential Share Issuances:• Warrants 2M• Options 7.8M• Deferred Share Units 3.9MFully Diluted (Capital injection of $3M on exercise of warrants and options) 98.7M
Market Price $0.20Market Cap $17MCash ~$3.5M
(March 8, 2019)
Revenue Investment HighlightsHigh Growth, SaaS Model
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27.5% CAGR 1.
Transformative SaaS products, with a highly recurring revenue stream
2.Proven and highly-aligned leadership with strong financial record
3.Ability for cross platform selling, for strong organic growth potential
4.Disciplined accretive M&A strategy with a focus on profitable growth
5.Clarocityacquisition means foreign revenue exposure
Gary YeomanGerald C QuinnAllan BezansonJohn C. DrakePeter HydePhillip MillarJeff YoungJeff Hack
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Financial Snapshot
Revenue: $9M - $9.5M Revenue: $25M - $30MAdj. EBITDA: Positive(from Operations) Adj. EBITDA: Positive
Cash: ~$4.5M Cash: ~$3MDebt: $0 Convertible Debt: $8.7M (Interest y1: 0%, y2: 3% y3: 6%, y4 Option at 6% (all payable in shares)
FY2018 (estimated) FYE 2019 (post acquisition)
Contact [email protected]+1 (416) 708-9764
175 Bloor St E, Suite 1105 Toronto, ON M4W 3R8 www.ilookabout.comJordan Ross, COO
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TSX.V: ILA
[email protected]+1 (416) 708-9764
175 Bloor St E, Suite 1105 Toronto, ON M4W 3R8 www.ilookabout.comJordan Ross, COO
2 of 2
ILA Real Estate Technology PlatformPoised for Platform Cross Selling
A SaaS based software suite for property assessment, reporting and appeals
management that includes 3 modules; • Desktop Review• Management Module• Mobile
A SaaS based application that combines the tax and assessment data attributes
while integrating mapping, imagery, and census data
A robust real estate data marketplace that allows anyone to seamlessly and securely buy and sell validated data
Potential AcquisitionProprietary valuation platform that allows any lender, asset manager or valuation professional to produce, manage and distribute valuations*Signed non-binding Term Sheet, expected close 1H 2019
Potential Clarocity AcquisitionAcquisition Benefits
1 Materially increases consolidated revenues 5 Improved consolidated Balance Sheet leads to greater client confidence
2 Boasts a diversified, blue chip client base
3Creates cross selling opportunities• Real Property Tax Analytics (RPTA)• Augment insurable valuation model
opportunity (iAVM)• Data validation (ReBloc)
6 Cost synergies (public company, corporate and software development costs)
7 Strong cultural fit and deep talent pool
4 Increases exposure to US market 8Key employees identified with lock-up agreements in place (a condition of closing)
Opportunity Overview$3.5B
Default Valuation
$7BTraditional Valuation
Market Spend$10.5B
$20T
+28M
Annual Spend US Real Estate Valuations
U.S. Residential Asset Class
Expert Driven Valuations
Forward Looking Statement: This presentation contains forward-looking statements. Any statements contained herein that are not historical facts may be deemedto be forward looking statements. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Such factors include, but may not be limited to: adverse changes in general economic conditions, adverse changes in the specific markets forthe Company's products, adverse business conditions, increased competition, lack of acceptance of new products, lack of success in technology advancementsand the ability of the Company to continue to attract skilled technology staff. All rights reserved. These forward-looking statements are made as of the date of thisnews release and, accordingly, are subject to change after such date. iLOOKABOUT does not assume any obligation to update or revise this information to reflectnew events or circumstances except as required in accordance with applicable laws. © 2019 iLOOKABOUT™.
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