Roper Technologies, Inc. (ROP) Presents at Goldman Sachs Communacopia + Technology

Joseph Ritchie
VP & Lead Multi-Industry Analyst

All right. Well, good morning, everybody. My name is Joe Ritchie. I co-run our industrials and materials research. I know odd to have me at the tech conference, but I do happen to cover a company that is mostly a software company called Roper. So we’re excited to have Roper here today.

With me today on stage, we have President and CEO, Neil Hunn. We also have the CFO, Jason Conley. Guys, thanks so much for being here today.

Neil Hunn
President, CEO & Director

Thanks for having us.

Joseph Ritchie
VP & Lead Multi-Industry Analyst

So why don’t we kick it off, Neil. There’s still probably some folks in the room that are still getting to know who Roper is. So why don’t we start with the story? What are the basic tenets of the Roper business model? And how do you compound cash over time?

Neil Hunn
President, CEO & Director

Sure. And thanks for having us. It’s great to be here for all these years. So Roper, $8 billion business, principally vertical market software. We consider ourselves a software compounder. So we run a sort of dual threat offense. The dual threat offense is a sustainable and increasingly — or always increasingly improving organic growth rate. I’ll come back to that in a second. And then we run a very structured M&A motion.

So dual threat about cash flow generation on the organic side and capital deployment on the M&A side. On the cash flow