Rimini Street, Inc. (DE) Common Stock Lytham Partners 2026 Consumer & Technology Investor Summit

Hello, and welcome to another presentation in our Consumer and Technology Summit. This time from Rimini Street. My name is Ben Shamsian, I'm the Vice President of Lytham Partners, and today, Michael Perica, Chief Financial Officer, and Dean Pohl, VP of Treasury and IR, will be taking us through their presentation. Rimini Street trades under RMNI on the Nasdaq. With that, let's get started.

Dean, welcome. Thank you so much, Ben.

Thank you for inviting us to your conference. We're excited to discuss the evolution of Rimini Street as we have officially pivoted our identity to become the software support and Agentic AI ERP company. This isn't just a tagline, it represents a fundamental shift in how we help the world's largest organizations bypass forced vendor upgrades and instead modernize their existing ERP systems with cutting-edge technology. Before diving in, please be aware of our standard safe harbor provisions. Our forward-looking statements are subject to risks and uncertainties that may cause results to differ materially from what is presented today. We encourage you to review our SEC filings forms 10-K and 10-Q. Now let's get started. Our senior management team is unique in the industry, led by our founder, CEO Seth Ravin, the architect of third-party ERP support.

Our executive team consists of ERP and innovation-focused executives. We've evolved from a litigation-ready disruptor to a strategic innovation partner. The team is currently executing our transition to a higher growth, higher margin, and longer lifetime value model, centered on the orchestration role of an AI-driven recurring revenue model. Rimini Street was founded in 2005 by CEO Seth Ravin, growing the company organically to over $400 million ARR. Headquartered in Las Vegas, although most of the global workforce works remotely. As Ben said, we're publicly listed on Nasdaq, ticker RMNI. We have 1,900 employees and over 3,100 active clients. We are a global company with over half our revenue from international operations. The U.S. is 44%, APAC 29%, EMEA 19%, and the Americas make up the remaining 8%. Client success. Since inception, we have saved our 6,700 clients over $10 billion.

That includes over 200 Fortune 500 and Global 100 clients. With offices in 22 countries, we offer services covering over 150 countries. Our premium service consistently maintains a satisfaction rating of 4.9 out of 5.0. Solutions portfolio. Our products and services include support services, primarily for Oracle and SAP ERP software, and infrastructure software such as VMware, that covers code and configuration, enhancements, break/fix, and tax legal regulatory updates. We also offer application managed services where we are tasked with running the system, and we have successfully branched out to offer Rimini Custom, where clients introduce additional software and code that we have successfully supported. Additional products and services include our recently announced Rimini Govern for AI that enables organizations to quickly implement and operationalize a global enterprise-wide governance, control, security, and performance measurement solution for AI agent activity and workflows.

We have pivoted to rebranding Rimini Street as a partner and provider of Agentic AI ERP. In addition, we have developed and offer over 20 Agentic AI UX solutions that we expect to grow significantly by year-end. The strategy is positioning Rimini Street as the bridge that allows companies to keep and leverage their stable ERP systems while adding modern AI capabilities on top. This slide shows how dramatically our addressable market has expanded. Historically, we have served roughly $15 billion support market focused on Oracle and SAP. Support now includes an incremental $65 billion opportunity driven by broader software coverage, including VMware and Rimini Custom, often within our existing client base. Optimize is a major growth lever. It expands TAM, strengthens support, and increases wallet share through services like application management, security, and modernization.

Innovate through Agentic AI ERP adds an accretive new layer on top of stable ERP core systems. Together, Support, Optimize, and Innovate work together to expand TAM, deepen client relationships, and drive long-term growth. Now, I'd like to turn the presentation over to CFO Michael Perica.

Thank you, Dean. Thank you for that positioning. As I continue on, a key theme throughout our presentation and our conversations, interaction with the financial community, and more importantly with our clients and prospects, is the Rimini SmartPath. As Dean noted, support, optimize, innovate. We tie these to our service and/or product offerings. Our support is the core of what we were founded on. We replace the vendor. We take care of systems with radically improved economics, 50% off from direct day one operating cost savings, 90% over time to eliminate or circumvent unneeded, costly, lacking innovation, typically a move to SaaS. That's about 87%, 88% of our business optimized.

That is our managed services, recently introduced a few years back offering, as well as the innovate, which contains both our professional services, which is engagement-based, where there's a lot of innovation work there, and our new offerings on the Agentic AI space that I'm going to go into later. Next slide, please. Historically, we have built our business very successfully and fundamentally established a third-party vendor support market globally, through the notion of self-funded innovation, a struggle that IT departments have had for decades and decades. You see here, and this is third-party data from Gartner, where only 9% of the budget was allocated towards innovation and transformation. We allow a much more attractive split. Now, this is something that the challenge previously was, well, how do I transform and innovate? Typically, that was moving to SaaS. That has changed. That has changed radically.

The opportunity here, and we all are talking about it, is the opportunity to take these dollars, self-funded innovation, and invest in next generation, particularly agentic AI for the enterprise. The dollars are there, the funding is there, without substantial need for incremental capital. That is the core value proposition of Rimini Street, where we give clients options and we give them control. Next slide. Because the future is here with the agentic AI. What do we mean by this? At the center, you can have a next generation enterprise platform capabilities without having to upgrade to your point solutions and then putting in the AI, particularly in the enterprise space, as I noted, agentic AI on top. I'd like to focus here on moving to the right of the screen, the composability and agility.

The composable ERP was taking and turning off modules and then putting it into best-in-class SaaS software. Very, very expensive. Very difficult to get enterprise-wide efficiencies, functionality, and true business insights. That has changed now with the agentic AI, and what we're really excited about, where we're positioned at the core as a tailwind for our business. Next slide. This is how we go about our leading support, and we have been using our own homegrown, patented machine learning and AI tools that drive our best-in-class, by far and away best-in-class support services. It is fundamentally people, but people augmented and driven by innovation. I just want to be clear that, for what we do to provide the support where we're deep into the code level, this is not something that can be replaced by a model. That's been pretty well understood and laid out around the world.

It will have to be and continue to be a people-first offering augmented by technology. Next slide, please. Now, here is our approach in how we apply AI solutions directly with our team, our core selling team, our support team, as well as our innovation team. Think of it almost like the forward deploy engineers, not necessarily how do I make technology work. Look at your overall enterprise landscape, see where we can bring improved economics, improved support, then we can apply these next generation solutions. Where we are needed and pulled into many engagements is our knowledge of ERP and how can we get these next-generation technologies working deep within the core of many systems, the ERP. Next slide, Dean. That is where we have positioned ourselves to be fundamentally the agentic ERP global leader.

This is showing a stack of how our solutions and technologies work. Work with our current flagship partner, ServiceNow, that we introduced a little bit over a year and a half ago. We have our Rimini Agentic UX on top that interfaces with the core technology. This would be the AI technology through the Now Platform, where we have our relationship that would direct the agents built by ServiceNow and their technology. Then underneath, those would tap into the existing software systems that we would support, particularly your SAP, even the Oracle. Then we would actually, and this is where we are no better than anyone else in the world, is where we can get these agents to go deep into these platforms, whether it's a current rev- one generation, two generations, five generations old. That's what we can do.

We can extract the performance, we can extract the capabilities, and have tomorrow's technology work with yesterday's platform with radically improved economics. In freeing the capital up through going on Rimini support, that is where it starts to have the self-funded innovation, then you can take it and put it on next-generation technology. We refer to here as leapfrogging the SaaS layer and going right to tomorrow's layer with the Agentic AI. Next slide, please. I direct the attention to the right side of the slide. Our sweetest spot is, as I have laid out, there are over 100,000 on-premises ERP systems. This is an advantage for those clients running those. You have fully depreciated assets. What we can do, and looking on the top right, if you have those assets, it is a core system of record that is working really well, that can scale. It is great software. We can bring in the Agentic AI, even through our own homegrown solutions, through partners, or even evaluate other technologies that we can make work with the Rimini Agentic UX, as well as tying it into these systems, not only ERP, multiple systems, and get you to tomorrow, get you control, and get options with radically improved technology.