Healthcare Ai Acquisition Corp. · OTC:HAIAF
Healthcare Ai Acquisition — SPAC Merger (November 2024)
40 slides from Healthcare Ai Acquisition's SPAC merger presentation, Nov 6, 2024
Slide 1: Leading: High growth, B2B China Insurance Services
LEADING High growth, B2B China Insurance Services INVESTMENT DECK 2024
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Slide 3: Risk Factors
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Slide 4: Risk Factors (continued)
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Slide 5: Risk Factors (continued)
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Slide 6: Your premium partner
LEADING Your premium partner China’s Leading Insurance Channel Speci i! <> © LEADING INVESTMENT DECK 2024
Slide 7: Contents
CONTENTS 1 PROBLEM SOLUTION EXECUTIVE TEAM BUSINESS HIGHLIGHTS BUSINESS MODEL AND ECOSYSTEM MARKET OPPORTUNITY COMPETITIVE ADVANTAGE OPPORTUNITY SUMMARY INDICATIVE TRANSACTION TERMS AND STRUCTURE 10 APPENDIX 1-3 LEADING INVESTMENT DECK 2024
Slide 8: Problem
PROBLEM Insurance companies in China struggle with distribution power and resources in a rapidly expanding market Slow moving and cumbersome a ap Single channel for acquiring customers Limited growth in traditional customer acquisition Slow response to market changes Low efficiency and high cost of
Slide 9: Leading, China's Insurance Channel Specialist
Leading, China’s Insurance Channel Specialist LEADING INVESTMENT DECK 2024
Slide 10: Executive Team
EXECUTIVE TEAM Industry, business and commercial experience Mr.iahua Ren ceo&, DIRECTOR NOMINEE Jiahua Ren, aged [41], has served as the chie executive officer of Leading Partners since Its incorporation. Mr. Ren has more than 20 years of ‘management experience in financial and insurance-elated fiel
Slide 11: Executive Team
EXECUTIVE TEAM Industry, business and commercial experience © LEADING Peng Du, aged [48], has served as the chief technology officer of Leading Partners since Its incorporation. Mr. Du Is familiar with all current ‘mainstream technologies, proficient in system architecture design and organizing the
Slide 12: Business Highlights
BUSINESS HIGHLIGHTS Leading is a fully licensed, B2B digital insurance broker operating in China Insurance services segment Y 60+Insurance companies 300+Insurance branches TTT USD 821M" Gross Written Premium (July 2021-June 2024) tia 75+ sales channels 2 Over 6M Policies brokered (July 2021-June 202
Slide 13: Business Highlights: Company awards
BUSINESS HIGHLIGHTS Company awards 2024 2023 2021 Golden Insurance Award and Best Technology Empowerment Award in the Insurance Industry at the 6th China Insurance Industry Digitalization and Artificial _Intelligence Development Conference Golden Insurance Award and Annual Digital insurance Brokerag
Slide 14: Business Model and Ecosystem
BUSINESS MODEL AND ECOSYSTEM B2B business model combining "technology + solutions + operation" REVENUE GENERATED THROUGH INSURANCE [BROKERAGE AND MARKETING SERVICE FEES I uF — (SSLEADING == «Q ‘Analyze channel INSURANCE COMPANIES SALES CHANNELS User analyss/prection Product/service recommendations S
Slide 15: Market Opportunity
© MARKET OPPORTUNITY China’s rapidly growing CHINA'S INSURANCE PREMIUMS (USD: BILLION)S insurance segment g 2 6 s m= RMB llion’ in 2023 (USD 705 billion), and is estimated to be RME lion? in 2028 (USD 1.0 tril ® Estimated CAGR of 7.9% from 2023 to 2028 ™ P&C accounts for 27% and includes, Vehicle &
Slide 16: China's Insurance Brokerage Market
© CHINA'S INSURANCE BROKERAGE MARKET (USD: BILLION)? Insurance broker market participation outperforming segment growth mo LEADING The mark: 0 e brokers participation in China’s insurance sales keeps growing: * It is estimated to be 27.6% in 2028" 2019 - 2023 Insurance premiums achieved by insurance
Slide 17: Digital insurance brokers outperforming traditional brokers
Digital insurance brokers outperforming traditional brokers Digital insurance brokerage has a higher growth rate compared to traditional insurance brokerage. From 2019-2023, market average growth rate? > Traditional insurance brokers 4.40% > Digital insurance brokers 12.10% For the same period, Lead
Slide 18: Competitive advantages
Competitive advantages a Proven capabilities in channel development & cooperation and business model Capability of offering both standardized and personalized products dl Operational efficiency powered by technology and R&D & Extensive experience in insurance industry and professional teams © LEADIN
Slide 19: Competitive Advantages: A strong organic growth strategy
© COMPETITIVE ADVANTAGES A strong organic growth strategy z The following growth strategies will help the company realize sustainable growth: 3 y for S (6) Ba NA Sales Channel Operation and R&D Products E Propriety and Highly Confidentit- Not for Distribution 1S
Slide 20: Opportunity Summary
‘OPPORTUNITY SUMMARY Leading - Opportunity Summary LEADING 01 Enhanced growth participation in 04 Online pedigree drives offline and China insurance services segment online integration accelerating digitisation of the insurance market and service differentiation 02 B2B de-risk for China market 05 Ch
Slide 21: A complete and powerful insurance services provider ecosystem
DEL AND A complete and powerful insurance services provider ecosystem Property & Casualty insurance Life &Health insurance Noor * Liability insurance * Accident insurance & SERVICE Mani Seiad ‘Operation Mani t sath Management aD Bese SERVE: UNDERLYING SUPPORT LEADING INVESTMENT DECK 2024
Slide 22: Indicative Transaction Terms and Structure
INDICATIVE TRANSACTION TERMS AND STRUCTURE INDICATIVE TRANSACTION TERMS AND STRUCTURE + Pro forma equity value of US$573mm and pro forma enterprise value of US$531mm. * To drive organic growth, Leading Group and HAIA also aim to raise another $50m through private placement. + Leading Group sharehold
Slide 23: Leading: Insurance Channel Specialist
5 LEADING Insurance Channel Specialist Your Premium Partner LEADING &® INVESTMENT DECK 2024 i i g | i
Slide 24: Appendix
LEADING INVESTMENT DECK Appendix 1 SALES CHANNEL DEVELOPMENT RESEARCH & DEVELOPMENT PRODUCT OPTIMASATION ECOSYSTEM DEEP DIVE BUSINESS MODEL AND ECOSYSTEM COMPETITIVE STRENGTH LEADING INVESTMENT DECK 2024 &
Slide 25: Sales channel development
APPENDIX 1 Sales channel development Expand, integrate and optimize sales channels istics drivers, goods, : liability and cc the field Fe vehicles ond : Shenson "| the Habilitie: transportation, vehicles, cident and by increasing cooperation with major social media and online communities. by partici
Slide 26: Technology R&D
APPENDIX 1 Technology R&D 01 02 R&D Algorithm Data 03 Business Application 04 Based on rapidly scalable front-end and back- end technologies, Al & data services are used to build business applications that support multiple display channels (H5/APP/mini programs, etc.) Basic Services 0S Utilize Java
Slide 27: Product optimization and upgrading
APPENDIX 1 Product optimization and upgrading Enlarge insurance coverage and insurance types based Insurance use case analysis Feedback and co- develop Optimize and upgrade Use case product matching Based on insurance use case analysis, analyze and summarize the risk management needs of potential po
Slide 28: Operation platform
Operation platform a “core platfo serv Allow for flexible applications and SaaS modules Provide customized systems to insurance ‘companies ‘Support third-party interface services to achieve unlimited system expansion + Contract approval ‘+ Synchronize online and + Contract archiving offline insuranc
Slide 29: Strengthen Operation Capabilities
Strengthen Operation Capabilities Enhance marketing capabilities and tools Integrate brokerage and marketing to provide more comprehensive solutions for Upstream and downstream players Deploy branch offices around under deployment Pilot to expand operation network Bring offline business to online pl
Slide 30: Technology R&D
Technology R&D LEADING LEADING GROUP - Insura Specialist INSURANCE PRODUCTS INTEGRATED (entra busines sug, SOLUTION & . SERVICES econo, acount Wenavea standardued bsiness proces system to ensure the safe exciton of bunes/ansactons. The system funcins inci inane ‘rec ot UNDERLYING ‘SUPPORT INVESTMENT
Slide 31: Competitive strength
APPENDIX 1 Competitive strength = eG e=se Proven capabilities in channel development & cooperation and business model © Proven capability to analyse use cases and develop sales channels (75+ sales channels). © By expanding use cases, analyzing insurance demands and matching resources, Leading helps
Slide 32: Financial Projection and Assumptions
LEADING INVESTMENT DECK Appendix 2 FINANCIAL PROJECTION AND ASSUMPTIONS LEADING INVESTMENT DECK 2024
Slide 33: Financial projection
APPENDIX 2 Financial projection Revenue model @ Insurance brokerage based on insurance premium. @ Integrated insurance marketing services. INSURANCE PREMIUM (USD: Million) are: 188 Pron Fr028 60.00 20.00 10.00 0.00 REVENUE (USD: Million) P2028 Prone LEADING INVESTMENT DECK 2024
Slide 34: Financial projection
APPENDIX 2 Financial projection USD Million For the years ended FY2023 FY2024 FY2025 FY2026 FY2027 (2022.7.1- (2023.7.1- (2024.7.1- (2025.7.1- (2026.7.1- 2023.6.30) 2024.6.30) 2025.6.30) 2026.6.30) 2027.6.30) Audited Audited Forecast Forecast Forecast Revenue 31.63 50.90 91.28 168.57 311.07 Operatin
Slide 35: Financial projection assumptions
APPENDIX 2 Financial projection assumptions A, Leading’s main business is insurance brokerage services. Leading’s management believes that the Chinese insurance market will demonstrate increasing market demands. According to Frost & Sullivan, the total GWP of the China’s insurance market is expected
Slide 36: Financial Summary and Valuation Benchmarking
LEADING INVESTMENT DECK Appendix 3 FINANCIAL SUMMARY AND VALUATION BENCHMARKING LEADING INVESTMENT DECK 2024 &
Slide 37: Financial summary
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Slide 38: Valuation benchmarking
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Slide 39: Valuation benchmarking
APPENDIX 3 Valuation benchmarking LEADING P/2024’s revenue 10x ail ve 7000 a Bs §u vRSKO AGN oe @verisk a Pree + 2024's expected revenue of Leading (In USD'000) was 49.543. The implied 100% equity range of Leading is $310 milion to $630 milion INVESTMENT DECK 2024 Data Source: Yahoo Finance, Selecte
Slide 40: Forward Looking Statements
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