UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 24, 2012 (May 21, 2012)
Date of Report (Date of earliest event reported)
MAM SOFTWARE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware | 000-27083 | 84-1108035 |
(State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
Maple Park, Maple Court, Tankersley, Barnsley, UK S75 3DP
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: 011 44 124 431 1794
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On May 21, 2012, MAM Software Group, Inc. (the “Company”) delivered a corporate presentation (the “Presentation”) at the 13th Annual B Riley Investor Conference in Los Angeles, California. A copy of the Presentation is attached hereto as Exhibit 99.1. The Presentation is also available on the Company’s website at http://www.mamsoftwaregroup.com/investor-relations.php. None of the information contained on the Company’s website is intended to be, and shall not be deemed to be, incorporated into this filing on Form 8-K or any of our other securities filings.
Item 9.01 Financial Statements and Exhibits.
(a) | Not Applicable |
(b) | Not Applicable |
(c) | Not Applicable |
(d) | Exhibits |
Exhibit No. | Description | |||
99.1 | Presentation of MAM Software Group, Inc. | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: May 24, 2012 | MAM SOFTWARE GROUP, INC. | |
By: | /s/ Charles F. Trapp | |
Name: Charles F. Trapp Title: Chief Financial Officer |
Introduction to MAM Software Group, Inc Michael G. Jamieson - Chief Executive Officer Charles F. Trapp - Executive Vice President & Chief Financial Officer Introduction © MAM Software Group 2012
Statements and/or figures included in this presentation that are not historical facts (including any statements or projection s c oncerning plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto ), are forward - looking statements. These statements can be identified by the use of forward - looking terminology including “forecast,” “ may,” “believe,” “will,” “expect,” “anticipate,” “estimate,” “continue” or other similar words. These statements discuss future exp ect ations, contain projections of results of operations or of financial condition or state other “forward - looking” information. We and our representatives may from time to time make other oral or written statements that are also forward - looking statements. These forward - looking statements are made based upon management’s current plans, and best expectations, estimates, assumptions and beliefs concerning future events that may impact the company’s future prospects and therefore involve a number of risks a nd uncertainties. MAM Software Group, Inc cautions that forward - looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward - looking statements. Because these forward - looking statements involve risks and uncertainties, actual results could differ materially from those expr essed or implied by these forward - looking statements for a number of important reasons. MAM Software Group, Inc. expressly disclaims any intention or obligation to revise or update any forward - looking statements whether as a result of new information, future events , or otherwise. Safe harbor statement © MAM Software Group 2012
MAM Software is a leader in developing, marketing and supporting integrated business management solutions for the automotive aftermarket and vertical markets Who are we? © MAM Software Group 2012
MAM Software develops a range of business management, data and e - commerce solutions that help companies conduct their business more efficiently, encourage customer loyalty and increase revenue What do we do? © MAM Software Group 2012 Business Management Software Wholesale & retail sales Purchasing & inventory Integrated accounting Business analysis & CRM e - CommerceSolutions B2B web portals B2C web sites A2A connectivity solutions Data Products & Services All - makes auto parts catalog Data management On - demand services
▪ Actively targeting the UK and US aftermarkets: Tires, parts, and accessories ▪ Also targeting UK vertical markets including construction materials supply and general wholesaling ▪ Possess a range of solutions designed for all links in the supply chain: Who is our target audience? © MAM Software Group 2012
▪ Dominant UK aftermarket position (70% penetration) ▪ Industry leader with high barriers to entry: o Proven technology o Widespread market acceptance o Mature relationships with leading groups ▪ Significant customer base with strong recurring revenues ▪ Comprehensive product portfolio comprising modern complementary solutions ▪ Solid tire customer base in North America ▪ Steady auto parts growth in North America ▪ Exceptional staff with extensive knowledge and experience of the automotive aftermarket ▪ Technology Roadmap focussed on SaaS What are our strengths? © MAM Software Group 2012
Who are our customers? © MAM Software Group 2012 UK Auto US Auto US Tire
▪ Accelerate rate of growth of Autopart in North America o Target program groups to endorse and promote Autopart to their memberships o Market Autopart to WDs as a solution they deploy and/or promote downstream o Direct targeting of jobbers/wholesalers ▪ Maintain healthy UK Autopart revenues o Target new business start - ups and competitive users o Target users of legacy solutions o Develop additional modules and functionality o Maximize supplementary sales and recurring revenues Opportunities & strategies © MAM Software Group 2012 UK Potential UK Penetration NA Potential NA Penetration Warehouse Distributors 2 0 637 74 Factors / Jobbers 3,500 1,200 27,500 20
▪ Continued growth of Autowork Online in the UK o Innovative SAAS tire and repair shop management application o Successfully launched in the UK in Spring 2010 o Positioned as a 'cloud' alternative to legacy MAM Autowork ▪ Launch Autowork Online in North America o Replicate the UK’s successful ‘top - down’ approach o Target programs, distributors and end users o Price positioned to differentiate from existing VAST products Opportunities & strategies © MAM Software Group 2012 UK Potential UK Penetration NA Potential NA Penetration Service & Repair Centers 25,000 4,000 76,200 221 Tire Retailers 5,500 20 19,000 103
▪ Increase penetration of UK tire sector o Continue development of existing solutions o Target wholesalers as both users of enterprise solutions and 'distributors' of SAAS solutions o Target multi - site installers as users of enterprise solutions o Target single - site installers as users of SAAS solutions ▪ Increase penetration of North American tire sector o Consolidate product stack and replace aging legacy software o Leverage strategic alliances and develop new partnerships o Direct targeting of wholesalers and installers Opportunities & strategies UK Potential UK Penetration NA Potential NA Penetration Tire Wholesalers 20 3 300 22 Tire Retailers 5,500 20 19,000 103 © MAM Software Group 2012
▪ Introduce Autocat+ into North America o UK’s leading all - makes parts catalog with >10,000 users o Currently reselling US catalogs from Epicor and WHI (eBay) ▪ Accelerate rate of growth of Trader in UK o Modified version of Autopart aimed specifically at vertical wholesale distribution markets o Target trade and buying groups to endorse and promote Trader to their merchant members o Direct targeting of merchants and wholesalers Opportunities & strategies © MAM Software Group 2012 UK Potential UK Penetration UK Potential UK Penetration Builders' Merchants 3,700 20 Plumbers' Merchants 2,500 4 Electrical Supplies 2,500 2 Other wholesale 82,000 20
Financials © MAM Software Group 2012 Financial Results
Financials © MAM Software Group 2012
Financials © MAM Software Group 2012 MAM Software Group Revenue [A] Annualized data does not represent a projection of results. Shown for comparison purposes only
Financials © MAM Software Group 2012 Cash on Hand vs Total Debt
Financials © MAM Software Group 2012 Debt vs Equity Ratio
Financials © MAM Software Group 2012
Financials © MAM Software Group 2012
Financials © MAM Software Group 2012
Financials © MAM Software Group 2012
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