{ "docId": "019de518-c769-76ae-ac0e-55ab22fef1da", "docSlug": "9bfcd56aff9e69a690e402b38ed34378", "documentTitle": "Procore | Investor Day Presentation Deck | 81 slides", "authorId": "procore", "authorName": "Procore", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 3, "pageCount": 81, "prevPage": 2, "nextPage": 4, "slideType": "disclaimer", "function": "front_matter", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-c769-76ae-ac0e-55ab22fef1da/3", "deckHref": "/decks/019de518-c769-76ae-ac0e-55ab22fef1da", "deckJsonHref": "/decks/019de518-c769-76ae-ac0e-55ab22fef1da.json", "deckAnchorHref": "/decks/019de518-c769-76ae-ac0e-55ab22fef1da#slide-3", "components": [ { "bbox": { "h": 0.04, "w": 0.11, "x": 0.024, "y": 0.93 }, "kind": "image", "text": null, "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "43a79d31-83b4-4459-a221-5ad6de55549f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.917, "x": 0.042, "y": 0.77 }, "kind": "paragraph", "text": "This presentation also contains estimates and information concerning Procore's industry, including market size and growth rates of the markets in which Procore participates, that are based on industry publications and reports. This information involves a number of assumptions and limitations, and investors are cautioned not to give undue weight to such estimates. Procore has not independently verified the accuracy or completeness of the data contained in these industry publications and reports.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "01366b69-b2f4-41b8-8ba4-1811da19b9a6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.917, "x": 0.042, "y": 0.93 }, "kind": "paragraph", "text": "The logos and trademarks in this presentation are the property of their respective owners and are used for reference purposes only.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0f99ecbc-145e-40e8-8f0f-c079e3f1d635", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.29, "w": 0.917, "x": 0.042, "y": 0.45 }, "kind": "paragraph", "text": "You should not rely on forward-looking statements as predictions of future events. Procore has based the forward-looking statements contained in this presentation and the accompanying oral commentary primarily on its current expectations and projections about future events and trends that Procore believes may affect its business, financial condition, and operating results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors that could cause results, events, or circumstances to differ materially from Procore's current expectations, including, but not limited to, Procore's expectations regarding its financial performance (including revenues, expenses, and margins, and its ability to achieve or maintain future profitability), Procore's ability to effectively manage its growth, anticipated performance, trends, growth rates, and challenges in its business and in the markets in which Procore operates or anticipates entering into, economic and industry trends (in particular, Procore's ability to successfully deploy its go-to-market strategy, the rate of adoption of construction management software, global construction spending, and digitization of the construction industry, inflation, interest rates, and other challenging geopolitical conditions), Procore's ability to develop or timely deliver new products, services, and features and enhance existing products, services, and features, Procore's ability to attract new customers and retain and increase sales to existing customers (including by upselling or cross-selling Procore's products), Procore's ability to continue to expand internationally, the effects of increased competition in Procore's markets and Procore's ability to compete effectively, Procore's estimated total addressable market, Procore's ability to achieve \"Triple TAM,\" Procore's ability to execute, and realize benefits from, its stock repurchase program, and as set forth in Procore's filings with the Securities and Exchange Commission, including in the section titled \"Risk Factors\" in Procore's Annual Report on Form 10-K for the year ended December 31, 2023, filed on February 26, 2024, as updated by Procore's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, filed on October 31, 2024. In addition, statements such as \"we believe\" and similar statements reflect Procore's beliefs and opinions on the relevant subject. While Procore believes that there is information that provides a reasonable basis for such statements, that information may be limited or incomplete. Procore's statements should not be read to indicate that it has conducted an exhaustive inquiry into, or review of, all relevant information. You should not rely on Procore's forward-looking statements. Procore assumes no obligation to update any forward-looking statements to reflect events or circumstances that exist or change after the date on which they were made, except as required by law.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8fabfea0-e7cc-4792-9069-18abd20f28cb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.917, "x": 0.042, "y": 0.17 }, "kind": "paragraph", "text": "This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about Procore Technologies, Inc. (\"Procore\") and its plans, products, services, and industry that involve substantial risks and uncertainties. All statements in this presentation and the accompanying oral commentary, other than statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to future events, future financial or operating performance, future financial metrics and targets, Procore's total addressable market, the achievement of \"Triple TAM,\" expected benefits from Procore's new go-to-market operating model, capital allocation plans, projections of product or service availability, or new, planned, or upgraded product, service, or technology developments. Forward-looking statements may be identified by the use of words such as \"anticipate,\" \"believe,\" \"contemplate,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"plan,\" \"potential,\" \"predict,\" \"project,\" \"should,\" \"target,\" \"will,\" or \"would,\" or the negative of these words, or other similar terms or expressions that concern Procore's expectations, strategy, plans, or intentions.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b73f59a0-4c9b-49ad-a82e-4ee0d0961456", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.917, "x": 0.042, "y": 0.85 }, "kind": "paragraph", "text": "This presentation includes non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with U.S. generally accepted accounting principles (\"GAAP\"), and may not be comparable to similarly-titled measures presented by other companies or to third-party expectations, nor should they be construed as an alternative to other financial measures determined in accordance with GAAP. Procore believes certain non-GAAP measures, as described in this presentation, are useful in evaluating its operating performance. Management uses non-GAAP financial information, collectively, to evaluate Procore's ongoing operations as well as for internal planning and forecasting purposes. Procore believes that non-GAAP financial information, when taken collectively, is helpful to investors because it provides consistency and comparability with past financial performance, and may assist in comparison with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. Refer to the Appendix for a reconciliation of those non-GAAP financial measures to the most directly comparable GAAP measures.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c8b6fe5d-5761-4b8d-9e68-cb8b870225b6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.14, "w": 0.917, "x": 0.042, "y": 0.295 }, "kind": "paragraph", "text": "Any statements regarding or relating to unreleased products, services or features, or any products, services or features that have been released but not yet made generally available (collectively, \"In Process Products\"), referenced in this presentation or the accompanying oral commentary are forward-looking statements, including, but not limited to, statements regarding or relating to: certain artificial intelligence automation or capabilities within Procore's products or services (including Agents & Automation, and Insights & Benchmarks), certain Resource Management products (including Equipment Management), Maps, Assets, AR/Glasses, certain Attribute-Based Permissions, augmented reality on BIM, dynamic hubs, and Government Zones. In Process Products may not currently be available, may only be available in limited or in \"beta\" form, and may not be developed, delivered, or made generally available on time or at all. In addition, Procore has not decided whether, or how much, to charge for In Process Products, and reserves the right to do so in its sole discretion. As a result, customers who purchase Procore's products or services should make their purchase decisions based solely upon features that are currently generally available, and not upon any expectations with respect to In Process Products.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d31bb77c-8d2b-41df-98e1-99b546216f2b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.01, "x": 0.959, "y": 0.95 }, "kind": "source-note", "text": "3", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3e14ae4d-d308-4e5e-ad38-009f1eb2551a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.34, "x": 0.042, "y": 0.08 }, "kind": "title", "text": "Disclaimers", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d8786408-9c26-4334-8db0-83682d507093", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }