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CYBERSCOPE
Q3 2016 MARKET REVIEW
STRICTLY PRIVATE AND CONFIDENTIAL
1
1,000+ BUYERS
AND
INVESTORS
SECTOR-LED SPECIALISTS IN M&A AND FUNDRAISING
250+ YEARS
EXPERIENCE
YEARS OF
RI DEALS
3 SECTORS TOTAL DEALS DEALS IN
PAST 2 YEARS
20+250+
100%
25
10
NATIONALITIES
40 PEOPLE 3 OFFICES REFERENCEABLE
2
WELCOME TO THE Q3 2016 EDITION OF THE CYBERSCOPE
3
RESULTS INTERNATIONAL GLOBAL CYBERSECURITY INDICES
Q3 2016 PERFORMANCE
LAST
12 M
ON
TH S
HA
RE P
RIC
E P
ER
FO
RM
AN
CE (
%)
4
CYBERSECURITY: SHARE PRICE PERFORMANCELA
ST
12 M
ON
THS
Q3 2
016
BROADLINE ENDPOINT NETWORK DATA
MONITORING
& ANALYSIS
5
CYBERSECURITY: SELECTED STOCKS – PERFORMANCE SINCE
IPO
COMPANYIPO
DATEDESCRIPTION
RAISED ($M)
INDICATIVE PRICE RANGE ($)
IPO LISTING PRICE ($)
INCREASE VS. RANGE
DAY 1 INCREASE
CURRENT INCREASE(1)
CURRENT EV ($M)
EV / REVENUE 2016E
EV / EBITDA 2016E
6
CYBERSECURITY: PUBLIC COMPANY VALUATION
BENCHMARKS
REVENUE GROWTH (2016-17E) EV / REVENUE 2016E
EBITDA MARGIN 2016E EV / EBITDA 2016E
7
CYBERSECURITY: PUBLIC COMPANY VALUATION
PERFORMANCE OVER TIME
LTM Q3 2016
% CHANGE
LTM Q3 2016
% CHANGE
8
CYBERSECURITY: GLOBAL M&A ACTIVITY
Q1 2011 – Q3 2016
TOTA
L D
ISC
LOSED
DEA
L V
ALU
E (
$M
)
NU
MB
ER
OF D
EA
LS
9
CYBERSECURITY: SELECTED DEALS IN Q3 2016
DATE BUYER TARGET EV ($M)EV / (1)
REVENUEEV /
EBITDACOMPANY DESCRIPTION
TARGETLOCATION
10
CYBERSECURITY: SELECTED FUNDRAISINGS IN Q3 2016
DATE COMPANYTYPE OF ROUND
FUNDSRAISED ($M)
INVESTOR PARTICIPATION COMPANY DESCRIPTIONCOMPANYLOCATION
11
CYBERSECURITY: SELECTED PUBLICLY TRADED COMPANIES
PRICE % OF 52 MARKET TOTAL NET ENTERPRISE REVENUE REV. GROWTH GROSS MARGIN EBITDA MARGIN
COMPANY (30-SEP-16) WEEK HIGH CAP CASH DEBT VALUE CY2016 CY16-17 HISTORICAL CY2016 CY2017 CY2016 CY2017 CY2016 CY2017
BROADLINE
ENDPOINT
NETWORK
DATA
MONITORING & ANALYSIS
OPERATING METRICS VALUATION METRICS
REVENUE EBITDA
12
GET IN TOUCH
DIRECTOR – LONDON PARTNER – NEW YORKPARTNER – LONDON PARTNER – NEW YORK PARTNER – APAC & MENA
