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1 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
April 27, 2017
First Quarter 2017 Financial Results
2 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
Forward-‐Looking Statements
Statements contained in this presenta2on that are not historical facts are forward-‐looking statements which involve certain risks and uncertain2es including, but not limited to, risks associated with our ability to make good decisions about the deployment of capital, the fact that our partner companies may vary from period to period, our substan2al capital requirements and absence of liquidity from our partner company holdings, fluctua2ons in the market prices of our publicly traded partner company holdings, compe22on, our inability to obtain maximum value for our partner company holdings, our ability to aHract and retain qualified employees, market valua2ons in sectors in which our partner companies operate may decline, our inability to control our partner companies, our need to manage our assets to avoid registra2on under the Investment Company Act of 1940, and risks associated with our partner companies, including the fact that most of our partner companies have a limited history and a history of opera2ng losses, face intense compe22on and may never be profitable, the effect of economic condi2ons in the business sectors in which our partner companies operate, and other uncertain2es as described in our filings with the Securi2es and Exchange Commission, including our Annual Report on Form 10-‐K. As a result of these and other factors, the Company’s past financial performance should not be relied on as an indica2on of future performance.
Safeguard does not assume any obliga2on to update any forward-‐looking statements or other informa2on contained in this presenta2on.
All data current as of March 31, 2017.
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3 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
April 27, 2017
First Quarter 2017 Financial Results
4 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
Partner Company: MediaMath
IniHal Capital Deployed July 2009
Total Capital Deployed $25.5M
SFE Primary Ownership 21%
Headquarters New York, NY
Revenue Stage High TracHon
Elevator Pitch Global technology company that is leading the movement to revolu2onize tradi2onal marke2ng and drive transforma2ve results for marketers.
Partnerships/ Customers Facebook, IBM, iSocket, MicrosoW, Oracle, Time Inc. and Yahoo!
Market Opportunity
Digital ad spending is expected to grow at a CAGR of 14% between 2015 and 2018 according to eMarketer.
5 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
Venture Capital Deal AcHvity in SaaS
Source: Pitchbook
6 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
Partner Company Holdings at 3/31/17
Stage Category Acquisition Year
Primary Ownership%
Carrying Value Cost
Partner Companies: (in millions) (in millions)AdvantEdge Healthcare Solutions High Traction Healthcare 2006 40% $5.2 $16.3Aktana Initial Revenue Healthcare 2016 31% 6.7 8.3Apprenda Expansion Other 2013 29% 9.8 22.1Brickwork Initial Revenue Digital Media 2016 20% 4.0 4.2Cask Data Initial Revenue Other 2015 31% 7.4 11.0CloudMine Initial Revenue Healthcare 2015 47% 4.9 7.5Clutch Holdings Expansion Digital Media 2013 43% 10.2 16.3Full Measure Education Initial Revenue Digital Media 2015 42% 7.7 11.0Good Start Genetics High Traction Healthcare 2010 30% - 17.1Hoopla Software Initial Revenue Digital Media 2011 26% - 4.8InfoBionic Initial Revenue Healthcare 2014 40% 4.5 18.5Lumesis Initial Revenue Financial Services 2012 44% 2.0 6.3MediaMath High Traction Digital Media 2009 21% 5.0 25.5meQuilibrium Initial Revenue Healthcare 2015 32% 4.7 8.0Moxe Health Initial Revenue Healthcare 2016 32% 4.3 4.5NovaSom High Traction Healthcare 2011 32% 2.6 22.6Pneuron Initial Revenue Financial Services 2013 35% 2.5 8.5Prognos (fka Medivo) Expansion Healthcare 2011 35% 5.4 11.6Propeller Health Initial Revenue Healthcare 2014 24% 8.8 14.0QuanticMind Initial Revenue Digital Media 2015 23% 7.3 9.8Sonobi Expansion Digital Media 2015 22% 3.5 5.4Spongecell Expansion Digital Media 2012 23% 11.8 18.0Syapse Initial Revenue Healthcare 2014 26% 5.3 13.3T-REX Initial Revenue Financial Services 2016 24% 5.8 6.0Transactis Expansion Financial Services 2014 24% 10.5 14.5Trice Medical Initial Revenue Healthcare 2014 28% 3.0 8.1WebLinc Expansion Digital Media 2014 38% 8.6 13.0Zipnosis Initial Revenue Healthcare 2015 25% 5.3 7.0Total TOTAL: $156.8 $333.2
7 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
First Quarter 2017 Financial Highlights
§ Primary sources and (uses) of cash • $15.5M = Realized from sale of ownership stake interest in Beyond.com
• ($10.1M) = Follow-‐on deployments for six exisHng partner companies
§ Corporate expenses, excluding interest, deprecia2on and stock-‐based compensa2on expense = ($5.0M)
§ Cash, cash equivalents and marketable securi2es • $36.0M at 03/31/17 vs. $37.7M at 12/31/16
8 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
Aggregate Partner Company Revenue
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9 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved.
QuesHons & Answers
10 www.safeguard.com © 2017 Safeguard Scien2fics, Inc. All rights reserved. 10
John E. Shave III SENIOR VICE PRESIDENT, INVESTOR RELATIONS & CORPORATE COMMUNICATIONS
P 610.975.4952 E [email protected] Request a MeeHng: www.safeguard.com/RequestAMee2ng
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SAFEGUARD SCIENTIFICS FIRST QUARTER 2017 REPLAY INFORMATION Webcast: www.safeguard.com/results
800-‐585-‐8367 // 416-‐621-‐4642 (Interna2onal) Access Code: 95476871
Replay available through May 27, 2017 at 11:59pm EDT