This presentation contains future-oriented,forward-looking statements ("Forward- looking Statements"), estimates, opinions, projections and forecasts representing the current assessments and views with respect to anticipated future performance of Exasol AG. These assessments, views and Forward-looking Statements are subject to changes. There are uncertain conditions that are for the most part difficult to predict and are beyond the control of Exasol AG. Exasol AG is not under any obligation to publish any information resulting in changes in framework conditions or to publish revised information.
The information in this presentation as well as the Forward-looking Statements are of preliminary and abbreviated nature and may be subject to updating, revision and amendment, and such information may change materially. Neither Exasol AG nor any of its directors, officers, employees, agents or affiliates undertakes or is under any duty to update this presentation or to correct any inaccuracies in any such information which may become apparent or to provide any additional information.
The Forward-looking Statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "aims", "plans", "predicts", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These Forward-looking Statements include all matters that are not historical facts. They appear in a number of places throughout this presentation and include statements regarding Exasol's intentions, beliefs or current expectations concerning, among other things, Exasol's prospects, growth, strategies, the industry in which it operates and potential or ongoing acquisitions. By their nature, Forward-looking Statements involve significant risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking Statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved.
Aaron Auld, CEO
CEO at Exasol AG since July 2013
Responsible for the strategic direction of the company, communications as well as key business relationships
CFO/COO at Exasol AG since September 2021
Responsible for finance related departments including Accounting, Controlling, Legal/Compliance and Investor Relations as well as Human Resources and Internal IT
Summary of key points
Annual Recurring Revenue (ARR) of 28.2m EUR at end Q3, up 31% vs same quarter 2020
Management now projecting 30-31m EUR ARR by end 2021 (vs. more than 35m EUR) and 100m EUR ARR by 2025 (vs. 2024)
Key changes initiated to address lower than expected growth momentum
Revised organizational set-up with clear end-to-end ownership
Sharpened go-to-market focus under leadership of appointed CCO
Defined product roadmap to full platform independence and consumption based pricing ("Bridge to the Cloud")
Revised investor relations cadence with quarterly webcasts & roadshows to update on progress
Topics for today
Q3 trading update and guidance
Key learnings 2021 and initiated changes
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