Innerworkings 8K This presentation contains statements relating to future results. These | INWK 20 Nov 08

Investor Day

November 20, 2008

Exhibit 99.1

Safe Harbor

This presentation contains statements relating to future results. These

statements are forward-looking statements under the federal

securities laws. We can give no assurance that any future results

discussed in these statements will be achieved. Any forward-looking

statements represent our views only as of today and should not be

relied upon as representing our views as of any subsequent date.

These statements are subject to a variety of risks and uncertainties

that could cause our actual results to differ materially from the

statements contained in this presentation. For a discussion of

important factors that could affect our actual results, please refer to

the most recent Form 10-K, including the "Risk Factors" section, we

filed with the SEC.

Investor Day Agenda

Introductions / Welcome

Strategic Overview

Growth Strategy

Panel: Customer and Supplier

Technology

Financial Performance

Speakers

Steven Zuccarini

Chief Executive Officer

Eric Belcher

President and Chief Operating Officer

Joe Busky

Chief Financial Officer

Ryan Irwin

Executive Vice President, Sales

Key Messages

•

Innovative low-cost / high-service business model gaining traction

in increasingly cost focused marketplace

•

Track record of strong financial results and effective capital

allocation

•

Significant market opportunity in $170B and growing U.S. print

industry

•

Proprietary technology and broad, diverse supplier network

•

Deep domain knowledge and procurement management expertise

•

Near-

and long-term future bright as companies seek to maximize

print related budgets

Strategic Overview

Eric Belcher

President and Chief Operating Officer

Strategic Overview

•

Company Snapshot

•

Market Overview

•

Core Differentiation: Technology and People

•

Shareholder Value

InnerWorkings

will be the first multi-billion dollar business process

outsourcing

company

dedicated

solely

handling

clients’

procurement and print management activities

Company Characteristics

Technology-driven professional

services firm

Headquarters: Chicago

Offices: 25

Employees: 768

Founded: November 2001

IPO: August 2006

Revenue CAGR of more than 100

percent since beginning operations

in 2002

Customer Value Proposition

Outsource non-core business

function

Low-cost provider with quality focus

Proprietary technology and

database

Dedicated support with domain

expertise

Across 60+ categories of print and

print-related products and services

InnerWorkings

Snapshot

$170 Billion North America

Commercial Print Market

39,300 highly customized print manufacturing

plants in the U.S.

Top 10 printers account for less than 17% of

market share

30% of industry capacity unused

“1/3-1/3-1/3”

concept dominates

Outsourcing non-core business activities

continues to gain market acceptance

Enterprise print management is in its infancy

As low-cost provider, current economic

conditions create additional opportunity for

InnerWorkings

Large and Inefficient Market

InnerWorkings

Addressable Market

(>$100B)

Small Office

Home Office

Long-Run

Gravure

Core Differentiation

Combination of Technology and People

Domain expertise

•

Over 60 categories

Extensive print procurement experience

•

Over 300 procurement experts with average 10

years experience

On-site presence

•

51 FTEs at clients’

locations

Aligns specifications to small group of optimal suppliers

in overall network (7,000+ total)

Capitalizes on open capacity pricing through targeted

bidding system

Commitment to Shareholder Value

Sales Growth Strategy

Ryan Irwin

Executive Vice President, Sales

InnerWorkings’

solutions address outsourced print procurement and

management needs of companies of all sizes

Transactional

Primarily small-

and medium-sized

companies

Sold on job-by-job basis

Higher margins, higher commissions

Sales reps have strong print

backgrounds and a keen focus on

establishing lasting relationships

with print buyers

Enterprise Sales Focus

Enterprise

Large, complex corporations with

decentralized spend

Contract-based terms (recurring

revenue)

Lower margins, lower commissions

Business development professionals

have very sophisticated sales skills

and focus on C-level executives

INWK

Emphasis

Going Forward

Company Evolution

Transactional Focus

Company

founded

2001

2009+

2003

2005

2007

John Deere

becomes first

major

enterprise

account

(3 on-site

FTEs)

Separate Business

Development

Department

formed

2008

Focus on

expanding

market

coverage

within major

corporations

Large Corporation Enterprise Focus

2002

2004

2006

Operations

begin

First clients

are small-

and

middle-market

companies

Many new major

corporations sign

BPO contracts

Business

model

refined,

validated

Enterprise Performance

Currently 137 enterprise, contract-based

customers

On-Site Personnel

Number of Customers Generating Revenue of Over

$1 Million Annually

2004

2005

2006

2007

2008 Est

52-58

Enterprise Performance:

What to Expect Going Forward

•

Expectation for quarterly enterprise wins to increase

from 4-6 to 6-8

•

Continued aggressive expansion of Business

Development team

•

Significant increase in coverage of large corporations

•

Additional on-site physical presence at major

corporations throughout the United States, Canada and

the United Kingdom

•

Long-term, organic enterprise sales revenue growth

rate of approximately 20 percent per year

Acquisition Strategy

Eric Belcher

President and Chief Operating Officer

Why Acquire?

•

Regional print distributors are the best source of talent

Procurement backgrounds versus manufacturing

Strong local customer relationships

Entrepreneurial energy

•

InnerWorkings

the only credible active buyer in the marketplace

Highly selective

Focus on small distributors which are easily integrated

Accelerate “acquired”

company’s profitable growth when combined

with our scale and resources

•

Structure of these relationships places activity somewhere

between M&A and recruiting

Location Overview: Today

InnerWorkings

offices

On-site location

Fulfillment Center

Memphis

Davenport

Durham

Pittsburgh

Richmond

Akron

Fort Wayne

Toronto

Phoenix

Minneapolis

New York

Grand

Rapids

Maui

Honolulu

Los Angeles

San Francisco

Kansas City

Chicago

Dallas

Carol Stream

Philadelphia

Birmingham

Naperville

Hilo

East Brunswick

Grover Beach

Monterey

Sacramento

Santa Clara

Detroit

Santa Rosa

Quality Control Staff

Hong Kong

Beijing

Shanghai

Atlanta

Greenville

Des Plaines

Location Overview: Future

InnerWorkings

offices

On-site location

Fulfillment Center

Memphis

Davenport

Durham

Pittsburgh

Richmond

Akron

Fort Wayne

Toronto

Phoenix

Minneapolis

New York

Grand

Rapids

Maui

Honolulu

Los Angeles

San Francisco

Kansas City

Chicago

Dallas

Carol Stream

Philadelphia

Birmingham

Naperville

Hilo

East Brunswick

Grover Beach

Monterey

Sacramento

Santa Clara

Detroit

Santa Rosa

Quality Control Staff

Hong Kong

Beijing

Shanghai

Atlanta

Greenville

Des Plaines

Integration Critical to Success

Integration Activity

Timing of Implementation

Joint Sales Calls

Begin Immediately

Financial Controls

Begin Immediately

PPM4 Technology

3-4 months

Rebranding

to InnerWorkings

Within 1 year

Cultural Integration

Ongoing

“Acquisition”

Performance

•

Outstanding results to-date

Have historically paid approximately 5.0x EBITDA with 40-60%

down at time of purchase

average,

“acquired”

companies

have

yielded

20%

better

bottom-line performance under our leadership

•

Healthy pipeline

Contact with over 400 companies to date

More than 200 are sizable regional players

Technology

Differentiated Technology Solution

•

Procurement tool

Only one of its kind in the world

•

Two primary databases

Detailed supplier equipment profiles

Massive historical pricing repository

•

Barriers to entry

Patent-protection

Volume of data (would take years to replicate)

PPM4: Key Functions

Supplier Recommendations

Equipment Search

PPM4Caster

All modules leverage and contribute to one of the largest

independent repositories of equipment profiles and price

data for print suppliers

Supplier Portal

PPM4 Technology:

Recent Initiatives

Recent

Initiatives

•

New platform released in June allows for virtually unlimited

scalability

•

Historical baseline module to establish job-by-job savings analysis

•

Customer-facing applications for order submission and placement

and job status

•

Staff of over 30 developers (associated CAPEX less than 1% of

revenue)

Development

Priorities

•

Short-term: PPM4 to generate automated bid based on historical

pricing database

•

Longer-term: Dictate (versus solicit) market prices on a per-job

basis

Financial Performance

Joe Busky

Chief Financial Officer

Demonstrating Consistent Quarterly

Performance

FYE: December 31

Revenue

($MM)

3Q 2008

Record revenue:

$122.0 million

Revenue growth over

3Q 2007: 69%

Seven new enterprise

accounts

Gross margin: 24.2%

Net income: $5.8

million

$22.4

$58.9

$87.2

$35.1

$67.3

$105.3

$41.8

$72.1

$122.0

$22.2

$61.2

$90.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

$110.0

$120.0

$130.0

$140.0

1Q06

1Q07

1Q08

2Q06

2Q07

2Q08

3Q06

3Q07

3Q08

4Q05

4Q06

4Q07

Solid Balance Sheet

2005

2006

Liquidity at September 30, 2008: $72.2

Growing

Cashflow

from

Operations

Cash conversion rate: 28 days

Summary Financial Condition

Use of Cash

Acquire complementary

businesses

Expand sales force

Working capital to fund our organic

growth

Early pay discounts with certified

supplier program

($MM)

Strong return on invested capital of 13%

Low CAPEX As

% of Revenue

2007

2008 YTD

$0.8

($9.7)

$8.2

$14.7

1.3%

0.8%

1.4%

2009 Revenue Guidance

•

Growth strategy remains unchanged:

Enterprise organic sales focus

Small, regional tuck-in acquisitions

2009 Revenue Guidance

•

Growth strategy remains unchanged:

Enterprise organic sales focus

Small, regional tuck-in acquisitions

•

Guidance reflects organic growth only

2009 Revenue Guidance

•

Growth strategy remains unchanged:

Enterprise organic sales focus

Small, regional tuck-in acquisitions

•

Guidance reflects organic growth only

•

Acquisitive growth will be additive

2009 Revenue Guidance

•

Growth strategy remains unchanged:

Enterprise organic sales focus

Small, regional tuck-in acquisitions

•

Guidance reflects organic growth only

•

Acquisitive growth will be additive

•

Run-rate at the end of 2008 will be approximately $500 million

2009 Revenue Guidance

•

Growth strategy remains unchanged:

Enterprise organic sales focus

Small, regional tuck-in acquisitions

•

Guidance reflects organic growth only

•

Acquisitive growth will be additive

•

Run-rate at the end of 2008 will be approximately $500 million

•

Assumes current difficult macroeconomic conditions throughout 2009

2009 Revenue Guidance

•

Growth strategy remains unchanged:

Enterprise organic sales focus

Small, regional tuck-in acquisitions

•

Guidance reflects organic growth only

•

Acquisitive growth will be additive

•

Run-rate at the end of 2008 will be approximately $500 million

•

Assumes current difficult macroeconomic conditions throughout 2009

•

As such, organic growth in 2009 is assumed to be 10 percent

2009 Revenue Guidance

•

Growth strategy remains unchanged:

Enterprise organic sales focus

Small, regional tuck-in acquisitions

•

Guidance reflects organic growth only

•

Acquisitive growth will be additive

•

Run-rate at the end of 2008 will be approximately $500 million

•

Assumes current difficult macroeconomic conditions throughout 2009

•

As such, organic growth in 2009 is assumed to be 10 percent

Our 2009 revenue guidance is $530

million to $560 million.

2009 EPS Guidance

•

Represents an approximate 20 percent increase over 2008

operational EPS

•

Assumptions:

Net interest expense increases significantly versus 2008 due to new

capital structure

D&A increases versus 2008 due to acquisitions made in 2008

Impeded by difficult macroeconomic conditions

Our 2009 EPS guidance is $0.41 to

$0.44 per share.

Key Messages

•

Innovative low-cost / high-service business model gaining traction

in increasingly cost focused marketplace

•

Track record of strong financial results and effective capital

allocation

•

Significant market opportunity in $170B and growing U.S. print

industry

•

Proprietary technology and broad, diverse supplier network

•

Deep domain knowledge and procurement management expertise

•

Near-

and long-term future bright as companies seek to maximize

print related budgets

Innerworkings (INWK) 8-KThis presentation contains statements relating to future results. These