Braiin Limited · NASDAQ:BRAI
Braiin — SPAC Merger (March 2023)
25 slides from Braiin's SPAC merger presentation, Mar 21, 2023
Slide 1: Northern Revival Acquisition Corp.
NORTHERN REVIVAL ACQUISITION CORP.
Slide 2: Important notice and disclaimer
THIS PRESENTATION (TOGETHER WITH ORAL STATEMENTS MADE IN CONNECTION HEREWITH, THIS “PRESENTATION”) IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION HAS NOT BEEN APPROVED BY ANY REGULATORY AUTHORITY. THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE, OR ANY SOLICI
Slide 3: Forward-looking statements
These forward - looking statements are subject to a number of risks and uncertainties, including, the inability of the parties to successfully or timely consummate the Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unan
Slide 4: Non-GAAP financial measures
The Company believes that the use of these non - GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing the financial measures of Braiin with other similar companies, many of which present similar non - GAAP f
Slide 5: Today's Presenters
Today’s Presenters Confidential – Not For Distribution | 5 Braiin Limited Northern Revival Acquisition Corporation Darren McVean Executive Director and Chief Technology Officer Natraj Balasubramanian Chief Executive Officer Manpreet Singh Chief Financial Officer Aemish Shah Chief Executive Officer C
Slide 6: NRAC SPAC Overview and Investment Thesis
NRAC SPAC Overview and Investment Thesis Confidential – Not For Distribution | 6 Braiin Business Combination Investment Thesis ■ High growth, revenue and EBITDA positive business with diverse geographic presence ■ Pioneer platform solution that is revolutionizing traditional farm management and incr
Slide 7: Braiin Business Overview
Braiin Business Overview Company • Braiin is an Australia - based company that provides precision agriculture solutions to farmers, and land bureaus in the APAC region • Braiin provides two types of solutions: (1) drones and operational AI and software which assess and monitor land performance and d
Slide 8: Precision Agriculture is a very attractive market for high value suppliers
Precision Agriculture is a very attractive market for high value suppliers ■ In 2021, the precision agriculture industry totaled $8 billion and is expected to reach to ~$14.6 billion by 2026 ■ The business’ fully integrated platform creates embedded moats against innovative, niche - benefit, provide
Slide 9: Braiin Overview
Braiin Overview
Slide 10: Braiin Management Team
Braiin Management Team Natraj Balasubramanian Chief Executive Officer Experienced Tech Entrepreneur in SaaS. Currently CEO of Braiin which provides actionable intelligent solutions using AI/ML, robotics and IoTs . Raised funding and built the world’s first fully autonomous spray drone certified by a
Slide 11: Connected agriculture expected to transform traditional farming
East Asia, South Asia, Pacific $299B Middle East & Africa $61B Europe & Central Asia $54B North America $46B Latin America & Caribbean $64B Connected agriculture expected to transform traditional farming Confidential – Not For Distribution | 11 “If connectivity infrastructure is implemented successf
Slide 12: Braiin sits at the center of a highly attractive AgTech segment
Braiin sits at the center of a highly attractive AgTech segment Source: ResearchAndMarkets.com https:// www.globenewswire.com/en/news - release/2022/03/09/2399820/28124/en/The - Worldwide - Precision - Farming - Industry - is - Expected - to - Reach - 14 - 6 - Billion - by - 2026.html ~$8 BILLION Pr
Slide 13: Braiin solves four fundamental problems
Braiin solves four fundamental problems Worker Safety Farm workers are exposed to multiple hazardous exposures including pesticides and fertilizers 3 . Stagnant yields and falling margins Agriculture margins are being squeezed from every angle with rising costs and falling margins 2 . Erosion, water
Slide 14: Technology of choice for permanent crop spraying and servicing
Technology of choice for permanent crop spraying and servicing Row Crops Permanent Crops Trees, bushes, vines (e.g., tea, rubber, oil palm, etc.) Perennial More labor intensive Require spraying to be done aerially from ~50 ft beyond reach of a tractor boom Often hilly terrain and difficult for groun
Slide 15: Braiin is the only platform solution servicing precision agriculture
Braiin is the only platform solution servicing the precision agriculture and the overall ag - tech market APAC leader offering an end - to - end precision agriculture platform solution Value Added Reseller Offer drones, sensors, and connectivity devices for purchase for general or agriculture - spec
Slide 16: Vertically integrated platform for the new age farm
Vertically integrated platform for the new age farm Robotics Division (Drones) IoT Division Software / Analytics Division “With three well established, fully integrated divisions providing digital solutions to the agriculture sector across drones, analytics & AI/ML and connectivity , Braiin is able
Slide 17: Robotics division value proposition
Robotics division value proposition Confidential – Not For Distribution | 17 Customer value • Braiin’s technology enables crop - spraying at 15x the speed of traditional spraying • Less inputs: 85% less water; 50% less biologics. Sensors and drones observe plants and environment and serve only areas
Slide 18: IoT division value proposition
IoT division value proposition Confidential – Not For Distribution | 18 Customer value • With the remoteness of most agricultural locations, clients typically face zero wireless connectivity, with Braiin, providing reliable wireless connectivity solutions to meet the demands of the AgTech IoT and to
Slide 19: Software and analytics division value proposition
Software and analytics division value proposition Confidential – Not For Distribution | 19 Customer value Keyways technology can be used to build smarter farms: • Improved transparency in the supply chain • Facilitate prompt payment on delivery • Traceability for producers and consumers • Provide fa
Slide 20: Large customer base across regions and channels
Large customer base across regions and channels Confidential – Not For Distribution | 20 IoT business (dealer/distributors) Robotics (direct) Software (direct) (Japan) (Australia) (Australia) (The Netherlands) (Australia) (India) (Australia) (Australia) (Sri Lanka) (Sri Lanka) (Sri Lanka) (Sri Lanka
Slide 21: Braiin is targeting favorable markets based on competition and regulation
Braiin is targeting favorable markets based on competition and regulation Source: Precedence Research, Foley, BIS Research, Juniper Research, P&S Intelligence, World Bank, IFC, UN agricultural productivity index, Raptor financials Growth Markets Free From Supportive Drone AgTech Mkt Size ($MMs) Stra
Slide 22: ESG: Environmental and social impact in the developing world
ESG: Environmental and social impact in the developing world Confidential – Not For Distribution | 22 Significantly Increased Productivity Helps farmers in the developing world to significantly increase productivity of crops and thereby their wages by using cutting edge technology Improved Human Hea
Slide 23: Braiin's leadership has an executable plan to drive long term growth
Braiin’s leadership has an executable plan to drive long term growth Confidential – Not For Distribution | 23 Focus primarily on Sri Lanka tea plantations to finalize offering and optimize deployment Expand to 6 - 8 plantations by end of 2022 Markets and customers served Prove our value in Sri Lanka
Slide 24: Summary of Terms
Summary of Terms
Slide 25: Summary of proposed terms
Summary of proposed terms Summary of Key Transaction Terms Illustrative Sources & Uses $ in millions Illustrative Pro Forma Capitalization Confidential – Not For Distribution | 25 • Enterprise value of $190 million • The transaction will be funded with $40 million consisting of a combination of cash