Intapp Investor Presentation
Intapp Investor Presentation
February 2023
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners.
Disclaimer
This presentation has been prepared by Intapp, Inc. (“Intapp”) for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or
representation by the presenter or Intapp or any officer, director, employee, agent or advisor of Intapp. This presentation does not purport to be all-inclusive or to contain all of the information you may desire. Information
provided in this presentation speaks only as of the date hereof.
This presentation includes express and implied “forward-looking statements.” In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,”
“plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However,
not all forward-looking statements contain these identifying words. These statements may relate to, among other things, our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures
and growth rates, our future results of operations or financial condition, our plans and objectives for future operations, growth, initiatives, or strategies. By their nature, these statements are subject to numerous uncertainties and
risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. These assumptions, uncertainties and
risks include, among others, our ability to continue our growth at or near historical rates; our future financial performance and ability to be profitable; the effect of global events, such as outbreaks, epidemics, or pandemics
involving public health, including the COVID-19 pandemic, and Russia's invasion of Ukraine, on U.S. and global economies, our business, our employees, results of operations, financial condition, demand for our products, sales and
implementation cycles, and the health of our clients' and partners' businesses; our ability to prevent and respond to data breaches, unauthorized access to client data or other disruptions of our solutions; our ability to effectively
manage U.S. and global market and economic conditions, including inflationary pressures and economic and market downturns, particularly adverse to our targeted industries; the length and variability of our sales cycle; our ability
to attract and retain customers; our ability to attract and retain talent; our ability to compete in highly competitive markets; our ability to manage additional complexity, burdens, and volatility in connection with our international
sales and operations; our ability to incur indebtedness in the future and the effect of conditions in credit markets; the sufficiency of our cash and cash equivalents to meet our liquidity needs; our ability to maintain, protect, and
enhance our intellectual property rights; and other risks and uncertainties included in our reports filed with the U.S. Securities and Exchange Commission (available on our website at www.Intapp.com or the SEC’s website at
www.sec.gov). It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ
materially from those contained in any forward-looking statements we may make. You should not rely upon forward-looking statements as predictions of future events. Although our management believes that the expectations
reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur.
Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward- looking statements, which speak
only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-
looking statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events.
This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and
limitations, and you are cautioned not to give undue weight to such estimates. In addition, assumptions, and estimates of our future performance and the future performance of the markets in which we compete are necessarily
subject to a high degree of uncertainty and risk.
In addition to the financials presented in accordance with U.S. generally accepted accounting principles (“GAAP”), this presentation includes the following non-GAAP metrics: non-GAAP operating loss and non-GAAP net loss per
share. Guidance for non-GAAP financial measures excludes stock-based compensation expense and amortization of intangible assets from the corresponding financial measures determined in accordance with GAAP. Intapp has not
included a quantitative reconciliation of its guidance for non-GAAP operating loss and non-GAAP net loss per share to their most directly comparable GAAP financial measures because certain of these reconciling items, including
stock-based compensation and amortization of intangible assets, could be highly variable and cannot be reasonably predicted without unreasonable effort. This is due to the inherent difficulty of forecasting the timing of certain
events that have not yet occurred and are out of the Company’s control and the amounts of associated reconciling items. Please note that the unavailable reconciling items could significantly impact the Company’s GAAP operating
results. Non-GAAP net loss per share is calculated by dividing non-GAAP net loss by the estimated weighted average shares outstanding for the period. We present non-GAAP measures when we believe that the additional
information is useful and meaningful to investors. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The
presentation of non-GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. We urge you not to rely on any single
financial measure to evaluate our business.
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 2
Investment thesis
Global leader in software tailored to the unique needs of the professional and financial services industry
Industry-specific data architecture has created a wide and defensible competitive moat
New cloud sales and cloud migration are improving revenue predictability
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners.
3
Professional and financial services firms
require purpose-built solutions
Private capital,
These firms are These firms require
investment banking, legal, Legacy and horizontal
uniquely structured purpose-built cloud
accounting, and consulting software solutions do not
around partners and solutions that enable
firms work in a connected adequately address the
senior professionals who them to institutionalize
ecosystem, providing unique needs of financial
leverage knowledge, knowledge and leverage
capital and expertise to and professional
intellectual capital, and relationship data across
support the growth of the services firms
relationships to succeed the deal lifecycle
world’s companies
Our mission: to enable professional and financial services firms to better connect
their people, processes, and data through our AI-powered software solutions
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 4
Intapp through the years
2013 to 2014 2017 2019 to 2020 2022
Launched Risk & Launched Marketing Launched Deal Launched
Compliance module & BD module Management module Collaboration &
Content module
Acquired Advanced Added Temasek Acquired gwabbit
Productivity Software as second private Partnership
2002 2012 Acquired OnePlace Microsoft
equity investor
Acquired The
Bootstrapped Added Great Partnership
Frayman Group
financing period Hill Partners KPMG
as our first
Launched Acquired
private equity
Intapp Platform Billstream
investor
Entered our first
market: Legal
2021
2018 Acquired Repstor
2015 to 2016
2007 to 2008 Entered new markets:
Entered new markets:
Private capital and
IPO: INTA
Accounting and Consulting Investment banking
Launched Operations
& Finance module Acquired Rekoop Acquired DealCloud
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 5
Professional and financial services firms
need an industry cloud to compete and succeed
Meet rising client expectations and intensifying competition
Integrate real-time internal and external market data for proprietary insights
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc., 6
or its subsidiaries. Various trademarks held by their respective owners.
Why professional and financial services
firms choose Intapp
Intapp industry
Traditional competitive offerings Ongoing challenges with these solutions
cloud solutions
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 7
Professional and financial services firms require a
unique cloud platform to support the way they work
Unlike the typical corporate model, these firms are led and primarily resourced by a broad group of highly
experienced partners and partner-track developing professionals. Partners act as cross-functional business owners,
leveraging knowledge, intellectual capital, and complex, non-linear relationships to win and deliver work.
Services, support,
Strategy, product
Operations and
management
HR, facilities
compliance
Knowledge
Marketing
Risk and
Practice
and BD
IT
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 8
Intapp offers a comprehensive cloud platform that helps teams
collaborate to achieve the firm’s business goals 1
CEO/chairman/
senior partner
1 Intapp Platform: purpose-built, digital transformation for the firm Managing partner
Modules:
2 Deal management: manage deals and relationships
Collaboration & Content: boost firmwide collaboration 2 2 2
3 Strategy,
Industry or sector
4 Marketing & BD: win business and grow clients Key-client leaders practice group, or
group leaders
5 Risk & Compliance: manage evolving risks efficiently service line leaders
6 Operations & Finance: deliver work profitably
2
1 Innovation
leaders
COO
3 3 4 5 6 6 1
Risk and Operations
Talent Knowledge Marketing Finance IT
compliance teams
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 9
We apply our deep industry expertise
across the Intapp Platform
Manage deals and Boost firmwide Win business and Manage evolving Deliver work
relationships collaboration grow clients risks efficiently profitably
• Manage clients and • Orchestrate document • Generate relationship • Facilitate business • Scope, price, budget,
investments management intelligence acceptance and monitor work
• Manage engagements • Enable firmwide • Catalog experience • Comply with terms • Oversee time
and deal processes knowledge capture of business management
• Enable Microsoft • Deeply engage
Office 365 and Teams with key clients • Establish and • Maintain billing
maintain ethical walls compliance
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
11
or its subsidiaries. Various trademarks held by their respective owners.
A growing multibillion-dollar addressable market
We have a land-and-expand
~$24B go-to-market approach
Professional and financial
services software TAM
Estimates based on market interviews and our historical data and experience.
Net revenue retention, calculated by starting with the ARR from the cohort of all clients as of the twelve months prior to the applicable fiscal period, or prior period ARR. We then calculate the ARR from
these same clients as of the current fiscal period, or current period ARR. We then divide the current period ARR by the prior period ARR to calculate the net revenue retention.
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
12
or its subsidiaries. Various trademarks held by their respective owners.
Single go-to-market organization
• Integrated demand generation programs provide consistent pipeline growth
• Industry and product experts are involved throughout the go-to-market approach
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc., 13
or its subsidiaries. Various trademarks held by their respective owners.
Intapp has completed eight acquisitions, and expects to be
able to take advantage of select future M&A opportunities
June 2022 June 2021 May 2019 April 2019
• Added prebilling automation • Added Microsoft Teams • Extended marketing • Expanded applied AI in
and workflow technology and Office 365 technology and CRM technology relationship intelligence
• Added clients in global and midsize • Added clients in accounting • Added clients in large legal firms • Added clients in consulting
law, and legal consulting and consulting and professional services
• Added deal management features • Extended cloud technology • Added compliance technology • Extended applied AI in
and extended low-code technology time management
• Added clients in the U.K. • Added clients in global, large,
• Added clients in private and midsize legal firms • Added clients in midsize
capital and investment banking and large legal firms
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 14
Diversified and global client base of premier firms
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 16
Continued strong cloud and total ARR growth
in millions
$301.3
$240.0
Q2 FY23 vs.
$189.4 191.8 Q2 FY22
135.3 growth
88.9 Cloud ARR 42%
Total ARR 26%
100.5 104.7 109.5
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 17
Strong revenue growth
in millions ▇ SaaS and support
▇ Subscription licenses
▇ Professional services
$272
$85
$215
$65
SaaS and SaaS and
support support
$193 $62
+34% +31%
$144
$47
$44 $11
$46 $9
$35 $8 $12
$25
FY21 FY22 Q2 FY22 Q2 FY23
561
506
467
420
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 19
Q3 FY23 and FY23 outlook
(as communicated in the earnings release February 6, 2023)
Q3 FY23 FY23
SaaS and support revenue $63.0 to $64.0 $246.0 to $250.0
in millions
1. Non-GAAP operating profit (loss) and Non-GAAP net loss per share are non-GAAP financial measures. Refer to "Disclaimer" above for a discussion of these measures and explanation that a quantitative
reconciliation of these non-GAAP guidance measures to their most directly comparable GAAP financial measures is not included because certain of the reconciling items cannot be reasonably predicted without
unreasonable efforts.
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 20
Investor relations overview
Thank you
©2023 Intapp, Inc. All rights reserved. Intapp, OnePlace, and DealCloud are registered trademarks of Intapp, Inc.,
or its subsidiaries. Various trademarks held by their respective owners. 21