{ "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": 77, "pageCount": 81, "prevPage": 76, "nextPage": 78, "slideType": "appendix", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-c769-76ae-ac0e-55ab22fef1da/77", "deckHref": "/decks/019de518-c769-76ae-ac0e-55ab22fef1da", "deckJsonHref": "/decks/019de518-c769-76ae-ac0e-55ab22fef1da.json", "deckAnchorHref": "/decks/019de518-c769-76ae-ac0e-55ab22fef1da#slide-77", "components": [ { "bbox": { "h": 0.03, "w": 0.12, "x": 0.02, "y": 0.93 }, "kind": "image", "text": "PROCORE", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "60b6f901-00c4-4eeb-ab5c-64de6945556d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.89, "x": 0.06, "y": 0.27 }, "kind": "paragraph", "text": "When we refer to ACV with respect to a geographic location (such as a region or a country), we define ACV as the actual or projected annual construction volume spend in that particular location. Our estimates of the construction industry's ACV with respect to a specific geographic location are calculated by us using data from the U.S. Census Bureau, international government statistics agencies, advisory firms, Oxford Economics estimates, and D&B Hoovers data, and are limited to the following countries: Australia (as of Q1 2024), Canada (as of October 2023), France (as of 2023), Germany (as of 2023), Ireland (as of 2023), New Zealand (as of June 2024), Saudi Arabia (as of 2023), Spain (as of 2023), United Arab Emirates (as of 2022), United Kingdom (as of 2022), United States (as of July 2024). Please note that more countries are served than are represented by our data.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "24b10182-8828-4db7-a84d-4cc0f5c6232a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.19, "w": 0.89, "x": 0.06, "y": 0.54 }, "kind": "paragraph", "text": "ANNUAL RECURRING REVENUE (ARR)\nWe define ARR at the end of a particular period as the annualized dollar value of our subscriptions from the specified customer or customers as of such period end date. For multi-year subscriptions, ARR at the end of a particular period is measured by using the stated contractual subscription fees as of the period end date on which ARR is measured. For example, if ARR is measured during the first year of a multi-year contract, the first-year subscription fees are used to calculate ARR. ARR at the end of a particular period includes the annualized dollar value of subscriptions for which the term has not ended, and subscriptions for which we are negotiating a subscription renewal. ARR should be viewed independently of revenue determined in accordance with GAAP and does not represent our U.S. GAAP revenue on an annualized basis. ARR is not intended to be a replacement or forecast of revenue.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3a364217-c763-449f-b899-ee76cfc31add", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.89, "x": 0.06, "y": 0.17 }, "kind": "paragraph", "text": "ANNUAL CONSTRUCTION VOLUME (ACV)\nWhen we refer to ACV with respect to our customers, we define ACV as the annual construction volume that our customers have contracted to run on the Procore platform.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5c9b5dda-8e02-4a16-8667-72084ce7a2a6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.89, "x": 0.06, "y": 0.44 }, "kind": "paragraph", "text": "When we refer to Rest of World (ROW) ACV, we define ACV as the projected global construction ACV as of 2030 (see definition of TAM for details about how this is calculated), minus projected ACV for our active go-to-market countries (which are countries where we are actively pursuing new customers and which do not include countries where we only sell via inbound demand).", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7df01cd4-d205-47ef-8a06-ccdefb477f76", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.89, "x": 0.06, "y": 0.74 }, "kind": "paragraph", "text": "ANNUALIZED REVENUE RUN RATE\nAnnualized Revenue Run Rate is measured by multiplying Procore's quarterly revenue as of a given date by the number four.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f2b8b92b-3f99-4ea0-9ad5-dd50be4834e8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.02, "x": 0.96, "y": 0.93 }, "kind": "source-note", "text": "83", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a707cf61-de88-4ff5-ac18-a24216190184", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.59, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "References and Definitions", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "66a12442-e0ea-4144-aebf-a24d4c8430e1", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }