Ccc Intelligent Solutions Holdings Inc


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CCC INTELLIGENT SOLUTIONS HOLDINGS INC.
COMPANY OVERVIEW
APRIL 2022
1 ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

Disclaimer
The information contained in this presentation is summary information that is intended to be considered in the context of the Securities and Exchange Commission (“SEC”) filings of CCC and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company does not undertake any duty or obligation to publicly update or revise the forward-looking statements or other information contained in this presentation. You should not view information related to the past performance of the Company or information about the market, as indicative of future results, the achievement of which cannot be assured.
The information contained herein is in summary form, does not purport to be complete and may be superseded in its entirety by any information made available to you after the date hereof, if any. Certain information has been obtained from public sources. You acknowledge and agree that (i) the Company and its affiliates bear no responsibility (and shall not be liable) for the accuracy, fairness or completeness (or lack thereof) of this presentation or any information contained herein or the use or misuse thereof except as required by law, (ii) no representation regarding this presentation is made by the Company or its affiliates and (iii) the Company and its affiliates shall have no obligation to update or supplement this presentation or otherwise provide additional information except to the extent required by applicable law.
Forward-Looking Statements. This presentation contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this presentation include, but are not limited to, statements regarding future events, goals, plans and projections regarding the company’s financial position, results of operations, market position, product development and business strategy. Such differences may be material. We cannot assure you that the forward-looking statements in this presentation will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, our revenues, the concentration of our customers and the ability to retain our current customers; our ability to negotiate with our customers on favorable terms; our ability to maintain and grow our brand and reputation cost-effectively; the execution of our growth strategy; the impact of COVID-19 on our business and results of operations; our projected financial information, growth rate and market opportunity; the health of our industry, claim volumes, and market conditions; changes in the insurance and automotive collision industries, including the adoption of new technologies; global economic conditions and geopolitical events; competition in our market and our ability to retain and grow market share; our ability to develop, introduce and market new enhanced versions of our solutions and products; our sales and implementation cycles; the ability of our research and development efforts to create significant new revenue streams; changes in applicable laws or regulations; changes in international economic, political, social and governmental conditions and policies, including corruption risks in China and other countries; currency fluctuations; our reliance on third-party data, technology and intellectual property; our ability to protect our intellectual property; our ability to keep our data and information systems secure from data security breaches; our ability to acquire or invest in companies or pursue business partnerships, which may divert our management’s attention or result in dilution to our stockholders, and we may be unable to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions, investments or partnership; our ability to raise financing in the future and improve our capital structure; our success in retaining or recruiting, or changes required in, our officers, key employees or directors; our officers and directors allocating their time to other businesses and potentially having conflicts of interest with our business; our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; our financial performance; our ability to expand or maintain its existing customer base; our ability to service our indebtedness; and other risks and uncertainties, including those included under the header “Risk Factors” in CCC’s Annual Report on Form 10-K, filed with the SEC on March 1, 2022. The forward-looking statements in this presentation represent our views as of the date of this presentation. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this presentation.
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©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

Disclaimer (Cont’d)
Industry and Market Data. In this presentation, CCC relies on and refers to certain information and statistics obtained from third-party sources including reports by market research firms. CCC has not independently verified the accuracy or completeness of any such third-party information. You are cautioned not to give undue weight to such industry and market data.
This presentation may include trademarks, service marks, trade names and copyrights of CCC, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SM, (C), (R) or TM symbols, but CCC will assert, to the fullest extent under applicable law, the right of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights.
Non-GAAP Financial Measures. This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”), including, but not limited to, “Adjusted EBITDA,” “Adjusted EBITDA Margin,” “Adjusted Gross Profit,” and “Adjusted Gross Profit Margin” in each case presented on a non-GAAP basis, and certain ratios and other metrics derived therefrom. These nonGAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s calculation of these non-GAAP measures may not be comparable to similarly-titled measures used by other companies.
The Company believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and results of operations. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in and in comparing the Company’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Please refer to the reconciliations of these measures below to what the Company believes are the most directly comparable measures evaluated in accordance with GAAP.
Registration Statement. CCC has filed a registration statement (including a preliminary prospectus) on Form S-1 with the SEC in connection with the offering to which this presentation relates, and such registration statement has been declared effective by the SEC. Any offering will occur pursuant to a preliminary prospectus supplement filed with the SEC relating to such registration statement. Before you invest, you should read the registration statement, the preliminary prospectus included within the registration statement, the documents incorporated by reference therein and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You can obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternately, copies of the preliminary prospectus and the final prospectus, when available, may be obtained from: Morgan Stanley Co LLC, Attention Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at [email protected] or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone at 1-800-831-9146 or by emailing [email protected]
3 ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

Today’s Presenters

Githesh Ramamurthy
Chairman & Chief Executive Officer
Githesh joined CCC in 1992 as EVP / CTO. In 1996 he helped take CCC public and in 1999 he became CEO. In June 2000 he was elected chairman of the board.

Marc Fredman
Senior Vice President, Chief Strategy Officer
Marc leads CCC’s overall strategy and corporate development activities.
He joined CCC in 2014.

©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

Brian Herb
Executive Vice President, Chief Financial Officer, and Chief Administrative Officer
Brian leads finance, human resources, and legal. He has 20 years of experience
in senior financial positions.
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COMPANY OVERVIEW
5 ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

CCC: The SaaS platform for the P&C insurance economy

INSURERS

REPAIR FACILITIES

SaaS solutions to digitize insurer workflows and drive optimal decisions and customer outcomes

Solutions to NAMEHERE

Score enhance OEM

value & customer

Score

experience across

NAME HERE

vehicle lifecycle

Integrations and data to connect other participants to CCC network

OEMs

Mission-critical (99.94% uptime)

AI-enabled

Cloud
Enabling experiences for 40M+ consumers annually

100% SaaS

30K+ companies

PARTS SUPPLIERS

OTHERS Lenders, Fleets, Salvage, Tow, Ridesharing, Diagnostics, & more

Complete repair facility operating system to attract, deliver, and manage quality repairs
E-commerce solutions to enable parts sales across CCC network Long-term opportunities for new markets and solutions

Our platform helps customers drive revenue and profitability across >$100 billion of transactions annually

6 ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

CCC at a glance
• Trusted and relied upon by our customers • Mission-critical for insurers and repairers • Long-term customer relationships • Demonstrated customer expansion • Durable, long-term growth • Best-in-class margins
1. Calculated as of December 31, 2021. See “Definitions” in Appendix 2. Revenue excludes Casualty 1st Party Clinical (divested 2020) ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

80 Net Promoter Score 30K+ Total Customers 98% Gross Dollar Retention1 115% Net Dollar Retention1 10% 2015-2021 Revenue CAGR2 38% 2021 Adjusted EBITDA Margin
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CCC is digitizing the P&C insurance economy

P&C insurance (US)1
Auto (45%)

Non-Auto (55%)

~$600B DWP2

Claims 205B

70B Other4
1. Excludes life insurance 2. DWP: Direct written premiums 3. 5-year CAGR between 2013 and 2018 4. Includes sales and marketing, underwriting, and other costs, plus profit Source: CCC data, A.M. Best © A.M. Best Company – used by permission ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

Nearly half
of entire P&C insurance market is auto, growing ~7% annually3
1 of 3
P&C insurance premium dollars is spent on auto claims
The CCC Cloud
powers the resulting complex economy
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CCC’s leading position is built upon two foundational pillars
Auto Insurance Pillars

~80% of auto claims are repairable ~$50B paid to repairers each year Repair channel critical to accurate, efficient outcomes
CCC SaaS solutions digitize insurer workflows to optimize decisions and customer outcomes ▪ Claims intake ▪ Triage and routing ▪ Claims assessment ▪ Network assignments ▪ Audit and review ▪ Analytics and reporting
Source: CCC data ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

~80% of volume paid by insurers

Insurers (Claims)

Direct Repair Programs (DRP) create network
effect and accelerate digital
adoption CCC launched DRP in 1992 and powers most DRP connections in industry today
(network management, assignments, and end-to-end
workflow)

Repair Facilities

~40% of volume sourced via DRP Digital insurer connections foster growth and efficiency
Complete repair facility operating system to attract, deliver, and manage quality repairs ▪ Lead generation ▪ Consumer engagement ▪ Repair operations ▪ Repair information and services ▪ Shop management ▪ Analytics and reporting

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CCC solutions address market needs

Insurance

Repair

Leading Solutions

SaaS solutions that digitize insurer workflows to drive optimal decisions and customer outcomes
▪ Digital engagement ▪ Decision engines ▪ Workflow automation

Complete repair facility operating system to attract, deliver, and manage quality repairs ▪ Lead generation ▪ Repair operations ▪ Back-office functions

Sample products

Established
▪ Estimating ▪ Total Loss ▪ DRP Workflow

Emerging
▪ Mobile ▪ Estimate – STP ▪ Payments

Established
▪ DRP Assignments ▪ Estimating ▪ Shop Management

Emerging
▪ Engage ▪ Estimating - IQ ▪ Payments

Parts & Other

Integrations and data that connect OEMs, dealers, parts suppliers,
lenders, TNCs, rental, tow & more ▪ Network connections ▪ Data and analytics ▪ Workflow automation

Established

Emerging

▪ Electronic Ordering ▪ Diagnostics ▪ Parts Promotion ▪ Lien Processing ▪ Parts Dashboards ▪ Telematics

Revenue model

Subscription (bundled solutions) Recurring transaction
(volume-based)

% of Revenue

52%(1)

1. Excluding China ©2022 CCC Intelligent Solutions Holdings Inc. All rights reserved.

Subscription (tiered packages) Subscription Add-Ons
42%

Subscription (tiered packages) Recurring transaction (percent of GMV)
5%
10

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Ccc Intelligent Solutions Holdings Inc