PowerPoint Presentation

Tooey CourtemancheFounder and CEOJuly 16, 2015

Modernizing Construction

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The Vision: Modernize the Construction Industry Procore is the worlds most widely used construction project management software

100%Cloud Based

1200Customers

850kUsers6Offices

275Employees20+IntegratedTools

95%Customer Retention

100+R&DEmployees

$12m+R&D Investmentin 2015 alone

120kProjects

100%+5 Year CAGR

I started Procore 13 years ago with one simple idea.To modernize the construction industry by providing on-line tools that the end users (YOU) are passionate about because they make life easier.When I came on the scene construction software was meant for one purpose, to capture data. This was software that was created and designed by software engineers.There was no collaboration and no focus on the end user (YOU). I would say we have come quite a long one over the years.

However I dont want to talk about where we are today but rather how we plan to Modernize the construction industry.

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The Procore Difference

SIMPLICITYTIME TO VALUEUSERCENTRIC

At Procore have 3 guiding philosophies that drive our product development and ultimately ability to achieve our vision.At the core of everything is our focus on the User. When I first started Procore I discovered that projects teams had organized around technology not technology around their needs.

Software is meant to solve problems and bring efficiencies not produce more work and headaches.

The resounding theme we heard from our users was they needed it to be simple.

Simple to us doesnt mean feature defienct, instead is was a easy to use tool that worked as well in the field as it did in the back office and could be learned on the fly by even the least technology saavy among us

This focus on easy of use constantly drives us to measure time to value, even as the product features have evolved we have always prided ourselves on the ability to be up and running weeks not months and to be absorbed by an entire crew in minutes or hours not weeks if ever.

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100% User Centric

Crowdsourced Development

350 Customer discovery meetings so far this year300 Innovation Labs Attendees

All companies through time say they care about their customers but rarely do they include them in the design and ongoing development of their product. We are very proud and our extremely high customer retention because we believe it speaks to the softwares ability to really solve the pain points the you the user are feeling.

At Procore, our Users help us build our products. Whether its our innovation labs where we bring customers to our HQ to work with us on 2 days product sprints to the 350+ customer and propsect discovery calls our Product managers have made to try to understand what users want and how the technology works for them.

Everything you have seen happen on this drawing from viewing, to creating/attaching RFIs, photos and punch lists from a drawing centric view on an IPAD are features realeased in just the last year with customer demand and imput driving the whole process. Drawings is just one of many examples of what Procore has created

{NOTE WHEN IN SLIDE SHOW/PRESENTATION MODE THE DRAWING IS A4

Simplicity

Construction is complicated, there just is no simple way to build a 10 story building.

Legacy pen and paper processs are inefficient but at least everyone knew how the system worked and jobs got done.

One of customers put it best Construction firms are not late adopters of tech because they are behind the times, they are late adopters because the tools they were provided were hard to use and got in the way of them performing their job.

Even when people bought software, complexity stopped employees from adopting it thus just wasting time and money.

Overcoming this barrier has been key to Procores success and will remain vital to us achieve our vision. Its the reason we are the mosted used construction tool out there because anyone can figure it out and its built to be intuitive.

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Time to Value

The Entire Project Team is our CustomerWork AnywhereWith AnyoneIn Real Time

Mobile and collaboration. Empowering the Project team (internal and external) through mobile.

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Thank you!