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Template preview · sample data · figures to be replaced with verified inputs before May 14
Q2 Board of Directors Meeting

From plan to proof.
The AI go-to-market is in motion.

Where we said we'd be in February. Where we are today. And the three decisions we need from the board to capture the consolidation window.

Commitments tracker
On watch
7 of 9 on track
Q1 revenue $91.2M vs $93.5M plan (-2.5%). EBITDA, NRR and AI ACV ahead.
AI velocity
Accelerating
10+ new AI logos
Verizon target lifted to $20M. McKesson, Circana, ICON, Saleloft scaling.
M&A pipeline
In execution
1 closed · 2 active
Cartesian integrated. Q2 + H2 targets in DD. Tracking $20M EBITDA add.
Where AI is winning
Selected clients · momentum since the last board

Agenda at a glance

All times ET · NYC · 9:00–13:00
9:00–9:30
Executive Session · AI landscape, Cartesian, velocity
Sudarshan Mandayam
9:30–10:00
Business Outlook · KPIs, BU breakdown, consumer lag
Ketan Somani
10:00–10:20
Financial Update · Scenario plan incl. Cartesian + tuck-ins
Ganesh Vaidyanathan
10:20–10:40
AI Wins, Pipeline & Selling Patterns
Dave Mankowski
10:40–11:00
Strategic Content, Focus Areas, Positioning
Kelly Jessop
11:00–12:30
Agentic Framework — Bounteous Arc · Engineering · Business Transformation · Methodology
Marty · Hemant · Michael
12:30–13:00
Executive Session · Wrap-up & decisions
Sudarshan Mandayam
Section 01

Q1 Commitments → Where we are today

Every commitment from the February board deck, mapped to Q1 actuals with the variance story.

Commitment Said in Feb Today Status Story
FY26 Revenue$405.0M$91.2M Q1-2.5% vs planConsumer drag offset by FS, M&T strength. Path to $405M intact with H2 AI ramp.
FY26 EBITDA$81.0M (20%)On planTrackingG&A redirected to AI as planned. FX tailwind +1.5% holding.
NRR≥99%101%BeatTop-20 expansion working, especially Verizon and Morgan Stanley.
New logo winsTargets set10+ AI logosBeatMcKesson, Circana, ICON, Inmar, Best Western — all material, AI-led.
Cartesian integrationEBITDA accretiveClosed & integratedDoneSynergy capture in line with model; cross-sell pipeline opened.
M&A tuck-ins2–3 by EOY2 in DDIn flightData & Cloud focus. $15–20M EBITDA target. H1 close on Asset 1.
AI-led growth3–4%~3.1% run-rateOn trackSaleloft GCC takeout + Verizon scale-up the two anchors.
Anthropic partnershipTargeted Q2Final termsClosingPress release expected ahead of board. Plan B narrative ready if slip.
Bounteous ArcFrameworkNamed & liveProductizedUniversal Enablement rolling out internally; Client 0 in flight.
What changed

AI deal velocity outpaced the Feb plan. ACVs are smaller than legacy programs but stack quickly into 7-figure annuities.

What didn't

Consumer remains the structural drag (-10% YoY). RFP losses and insourcing continue. Strategy is repositioning, not defense.

What we need from the board

(1) Endorse pricing pivot to outcomes/tokens. (2) Approve Asset 1 acquisition path. (3) Sign-off on AI productivity-adjusted headcount model.

Section 02 · Ketan Somani

Business Outlook

Q1 close, BU heatmap, and a head-on look at the Consumer drag.

Q1 close · BU breakdown

Click any BU for the deep dive
Q1 actual
$91.2M
Q1 plan
$93.5M
Variance
-$2.3M
YoY
+0.8%
Owning the question Why is growth lagging?

The Consumer drag — and how we exit it

The drag
  • • -10% YoY structural decline
  • • Insourcing + RFP losses (3 named)
  • • Annuity revenue erosion in Convenience
The pivot
  • • Engineering + GCC takeover plays
  • • AI offering for Top-20 accounts
  • • Travel & Hospitality + Convenience focus
The proof
  • • Best Western · Wawa · Suncor in motion
  • • Champion-account AI cross-sell live
  • • 5% growth target intact for 2026

Pipeline bridge · Q1 → Q2

Section 03 · Ganesh Vaidyanathan

Financial Update

Live scenario model. Toggle to see the path from base plan to $500M / $100M.

Revenue
$405M
+11.2% YoY
EBITDA
$81M
20.0% margin
EBITDA multiple
~22×
Vs. Coforge / Encora 24×
Implied valuation
$1.78B
At target multiple

AI productivity model · headcount adjustment

Historical relationship: revenue ≈ headcount × billable rate. AI breaks that line.

Pre-AI ratio
$185k / FTE
2026 plan
$215k / FTE
2027 target
$250k / FTE
Section 04 · Dave Mankowski

AI Wins, Pipeline & Selling Patterns

Making the pivot real. What's working, what's repeatable, where to invest.

Big plays in motion

Path to $20M+

Step-function ACV expansions in flight

Morgan Stanley
Verizon
Hilton GV
BT
HCSC
JPMorganChase
Tyson
CVS

Bigger plays needed

$10M+ potential

Confident in growth, GTM motion needs sharpening

EAE
Fidelity
Centene
Cigna
7-Eleven
Marqeta
Subaru
AT&T

Big leads

Multiple 7-fig

New, high-quality opportunities

Thomson Reuters
Jackson
Genesys
Marriott
Kroger
eBay
Labcorp
T-Mobile

What's working · selling patterns we can repeat

BP Transformation (OKRs)
Lead with outcome trees and OKRs. Anchored Verizon, Morgan Stanley.
IPE Disruption / GCC Takeover
Take-out plays vs. Tier-1 Indian SI. Saleloft, HCSC, McKesson.
Splitting Atoms (AI Labs)
QR-coded micro-pitches with AI demo. Best Western, Circana.

Pipeline · ACV by archetype

Section 05 · Kelly Jessop

Strategic Positioning

Where Bounteous plays in the AI landscape. New brand, new narrative, where we win.

AI landscape · where we play

Four solution pillars, all underpinned by data & cloud.

IPE
Intelligent Product Engineering
Modern SDLC accelerated by AI agents
AI-EXP
AI-Enhanced Experience
Reimagined creative, content, journeys
MBP
Modern Business Platforms
Sales, service, marketing — agentic
ABR
Agentic Business Reinvention
Process, ops, and business model rewires

Anthropic partnership · status

Final terms · press release in 7-day window
  • ROI testing · 90-day rollout plan in place
  • Joint GTM in PE Portfolio + Agentic Engineering
  • AWS Play · Claude on Bedrock for client environments
  • Vibe Analytics (Databricks + Genie) co-launch

New brand identity · Capes

Where agentic engineering and human experience converge.
Refreshed brand system rolling out across digital, sales, and marketing surfaces ahead of Anthropic launch.
Section 06 · 90 minutes · Marty · Hemant · Michael

Bounteous Arc

The agentic platform powering the pivot. Live agents, not slides.

Framework Maturity
Arc Platform
Modernization
Engineering Agents
Data
Data Engineering Agents
Enablement
Universal · Client 0
Trust
Security · Governance

Engineering Transformation

AI agents at every step of the SDLC. This is where we have the longest production runtime.

Plan
Spec · Story · Ambiguity
UI Design
Persona · Journey
Architecture
HLD · LLD · IaC
Develop
Code · API · Debug
Test
Strategy · Synthetic data
Deploy
Canary · Governance
Maintain
RCA · Auto-remediate
Live demo · Saleloft GCC takeout
Watch a story go from spec to PR in 7 minutes.
Production proof points
42%
SDLC time saved
3.1×
PR throughput
61%
Fewer defects
Section 07

M&A · Tuck-ins for 2026

CEO-led priority. Cartesian closed. Two tuck-ins in DD totaling $20M EBITDA.

Closed
Cartesian
Integrated. EBITDA accretive. Cross-sell pipeline opened in FS & Tech.
In DD · H1
Asset 1 · Data & Cloud
$20M / $4M annualized. Databricks + Snowflake muscle. Integration-light.
Sourced · H2
Asset 2 · Digital Eng.
App development scale play. AI overlay on existing book.

Trade-off matrix · what we'll accept, what's non-negotiable

Speed to value
Short-term accretion vs. long-term capability. Faster integration limits expansion; deeper capability delays value. Cartesian = capability over speed.
Price
Valuation vs. capability. Higher strategic value commands higher multiple. Infinitive type assets test our ceiling.
Geography
Strategic footprint vs. near-term synergy. Stand-alone international assets carry integration risk. Stellaxius type = footprint over synergy.
Section 08

Board Q&A · the seven we expect

Pre-empted answers. Each card links to the supporting section.

01 · Sales performance

What's working in AI sales — what have we learned?

Three repeatable archetypes (BP/OKRs, IPE Disrupter, AI Labs). 10+ new logos since December. ACVs smaller, but stack to 7-figure annuities. Mid-market sales motion needs sharpening.

02 · Growth lag

Why are growth rates lagging — and how are we adjusting?

Consumer is the structural drag (-10%). Other 60% of book is growing. Strategy: pivot Consumer to engineering + GCC, not defend annuity. AI accelerates the pivot.

03 · Outside help

Do we need consultants to accelerate GTM?

Selectively yes — for client demand mapping in Tech and Healthcare. Not for AI playbook design (we're ahead). Recommend: 60-day Bain or LEK engagement, narrow scope.

04 · Knowledge gap

Closing the NMC vs. Bounteous board knowledge gap on AI

This portal is the first step. Monthly 30-minute Arc walk-throughs for NMC partners. Joint client visits in Q2 (Verizon, McKesson).

05 · AI productivity

AI productivity contribution — adjusting the headcount model

Pre-AI: $185k/FTE. 2026 plan: $215k. 2027 target: $250k. Decoupling revenue from linear headcount expansion is the EBITDA lever.

06 · M&A direction

M&A strategy for the rest of 2026

Data engineering focus. Two tuck-ins, $20M EBITDA add. Asset 1 in DD — board endorsement requested today. Asset 2 H2.

07 · Organic leverage

Since we're not growing on the organic side — how do we leverage with limited disruption?

Three moves: (1) Top-20 account AI cross-sell — no new sales motion required. (2) Tier-1 SI take-out plays inside accounts we already serve. (3) Reposition Consumer accounts as engineering + GCC, not project-based.