PowerSchool (PWSC) BofA Securities 2024 Global Technology Conference summary

Company overview and market position

• Largest education technology provider in North America, present in 80% of school districts, offering a comprehensive suite for school operations, classroom management, and teacher talent management.

• Expanding globally, aiming to replicate North American presence internationally, leveraging a unique breadth and depth of platform.

• CEO brings over 25 years of enterprise software experience, focusing on personalization and vertical software platforms.

Core product and platform strategy

• Student Information System (SIS) is the core, acting as the ERP and CRM for K-12, deeply embedded in daily school operations.

• SIS leadership leveraged to build a one-stop platform integrating 20+ mission-critical products, enhancing user experience for parents, students, and teachers.

• Strong competitive advantage due to 27 years of compliance and IP, with significant investment in state certifications.

Demand environment and growth outlook

• K-12 sector is largely immune to macroeconomic volatility, with stable and growing $700B+ funding supported by bipartisan consensus.

• Technology adoption in K-12 is accelerating post-COVID, with IT spend still only 2% of total, offering significant growth potential.

• Consistent double-digit growth and profitability, with 11 quarters of public market performance.