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OFFON

SMARTSHEET INC.

(SMAR)
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Smartsheet : Second Quarter Fiscal 2022 Earnings Presentation

09/28/2021 | 08:12pm EST

Earnings Conference Call

Q2 Fiscal Year 2022

September 7, 2021

Forward-Looking Statements

This presentation (including the accompanying oral presentation) contains forward-looking statements within the meaning of the federal securities laws, including statements regarding future financial performance, business strategy and objectives, potential market and growth opportunities, technological or market trends, and projected sales and customer retention rates.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations, and objectives and financial needs. These forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors including, but not limited to, those described in our SEC filings. Moreover, we operate in a competitive and rapidly changing environment in which new risks emerge from time to time. 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 our actual results or performance to differ materially from those contained in any forward-looking statements we may make. Although we believe that the expectations reflected in the forward looking statements are reasonable, these and other factors may cause our actual results, performance, or achievements to differ materially and adversely from those anticipated or implied in our forward-looking statements.

All forward-looking statements contained herein are based on information available to us as of the date hereof and we do not assume any obligation to update these statements as a result of new information or future events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements.

In addition to U.S. GAAP financials, this presentation includes certain non-GAAP financial measures, including non-GAAP gross margin, calculated billings, free cash flow, non-GAAP operating expenses, and non-GAAP loss per share. These non-GAAP measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. Our non-GAAP financial measures may differ from the non-GAAP financial measures used by other companies. A reconciliation of these measures to the most directly comparable U.S. GAAP measure is included in the Appendix to these slides.

Additional risks and uncertainties that could affect our financial results are included in filings we make with the SEC from

time to time, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." These filings are available on our Investor Relations website at https://investors.smartsheet.com and on the SEC website at www.sec.gov.

2

Business highlights

Mark

Mader

President & CEO

3

Financial highlights

Pete

Godbole

CFO

4

Revenue

⬥ Q2 FY22 Subscription revenue was $121.1M, up 45% YoY

⬥ Q2 FY22 Services revenue was $10.6M, up 40% YoY

QoQ

7%

8%

11%

7%

13%

YoY

41%

38%

40%

37%

44%

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Smartsheet Inc. published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 00:11:05 UTC.


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Sales 2022 545 M - -
Net income 2022 -172 M - -
Net cash 2022 458 M - -
P/E ratio 2022 -48,5x
Yield 2022 -
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EV / Sales 2022 14,5x
EV / Sales 2023 11,0x
Nbr of Employees 2 168
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Chart SMARTSHEET INC.
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Technical analysis trends SMARTSHEET INC.
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Mean consensus BUY
Number of Analysts 15
Last Close Price 65,94 $
Average target price 92,21 $
Spread / Average Target 39,8%
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Mark Patrick Mader President, Chief Executive Officer & Director
Pete Godbole Treasurer, Chief Financial & Accounting Officer
Geoffrey T. Barker Chairman
Praerit Garg Chief Technology Officer & EVP-Engineering
Stephen Branstetter Chief Operating Officer
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