Hub Cyber Security Ltd. · NASDAQ:HUBC
Hub Cyber Security — SPAC Merger (April 2022)
23 slides from Hub Cyber Security's SPAC merger presentation, Apr 4, 2022
Slide 1: Investors Conference April 4th, 2022
hubsecurit y .io Confidential Investors Conference April 4th, 2022 hubsecurity.com 1
Slide 2: Disclaimer and Forward-Looking Statements
2 This presentation was prepared by Hub Cyber Security (Israel) Ltd. (the “Company” or "HUB”) and does not constitute an offer to purchase or sell the Company's securities or an invitation to receive such offers and is intended solely for the provision of information. The information contained in th
Slide 3: Agenda
3 A g enda ● About HUB ● Technology & Products ● Growth Strategy ● Mergers & Acquisitions ● The SPAC Merger ● 2021 Financial Results Confidential
Slide 4: About HUB
4 About HUB HUB was established in 2017 by veterans of the 8200 and 81 elite intelligence unit of the Israeli Defense Forces Confidential
Slide 5: HUB's 'WHY'
5 HUB’s ‘WHY’ HUB’s main goal is to offer innovative technologies that would change the paradigm of defensive cyber Why? ● Because we think that Cybersecurity is flawed ● Cyber hacks are a daily phenomena within the largest enterprises and governments in the world despite billions of dollars in defe
Slide 6: What we do
6 What we do This field is named Confidential Computing There are 3 main areas of cyber protection 1. Data protection while AT REST For example: When data is stored on a hard - drive 2. Data protection while IN TRANSIT For example: When data is sent by Email 3 . Data protection while IN USE This is th
Slide 7: Confidential Computing leadership
7 Confidential Joining Confidential Computing leadership This is one of the most innovative and hottest areas of cyber defense, and HUB has joined the companies that serve as leaders in this field worldwide Important to note: This is an entire new field! The cutting edge of cyber defense that has jus
Slide 8: Our Solutions - product families
8 Our Solutions - 4 product families HUB has a wide range of solutions for organizations, governments and IoT UNDER DEVELOPMENT A SILICON CHIP FOR IOT DEVICES Confidential COMMERCIAL A PCI CARD UPGRADING EXISTING HARDWARE COMMERCIAL SERVERS THAT REPLACE EXISTING HARDWARE
Slide 9: Market Potential
9 Market Potential The Confidential Computing sector is expected to grow at a rate of near 100% per year CAGR over the next 5 years and reach approximately $54 billion in 2026. Confidential
Slide 10: The Challenge
10 Confidential The Challenge However, 1. Achieving a recognized supplier status with governments and organizations may take years! 2. The value chain and contractual control is usually maintained by integrators and not mere technology providers
Slide 11: Strategic Solution
11 Strategic Solution 1. HUB merged with ALD to gain immediate access to top clientele and saved years Confidential 2. HUB acquired Comsec to gain the ability of becoming a prime integrator in large government and enterprise tenders However, 1. Achieving a recognized supplier status with governments
Slide 12: Our Achievement
12 Our Achievement In just 12 months, we’ve transitioned from a technology - only provider to a global integration company specializing in the field of defensive cyber confidential computing with potential for growth and the ability to take large projects with governments and organizations Comsec &
Slide 13: HUB today
13 Highlights for this period HUB today: ● About 600 employees ● A distribution network of 30+ countries ● Direct access (as an approved supplier) to approx. 1,500 high - profile customers ● A company with leading technology in a cutting - edge cybersecurity field Leading customers Confidential
Slide 14: Our Revenue Projections
14 Our Revenue Projections There is a complete synergy between the technology and professional services arm ● Both arms support each other in cross sales ● While both are expected to grow, the technology and innovation arm is expected to be the main revenue generator Relative revenues performance ch
Slide 15: 5YR Financial Projections
15 5YR Financial Projections We expect rapid growth of the technology arm over the next two years with approximately $38 million in revenue as early as 2022 We expect technology revenues to exceed the services arm revenue in 2023 with $91 million Confidential
Slide 16: Financial Projections: Forecast Basis
16 Confidential 5 YR Financial Projections How did we substantiate our technology revenues forecast? The Company has been in the process of selling the technology for over a year now and is in advanced stages of sales with many customers around the world. The basis for the forecast comes from an exis
Slide 17: SPAC Merger on NASDAQ - Intro
17 SPAC Merger on NASDAQ - Intro ● The pro forma enterprise valuation was made by all parties on the basis of comparable companies currently traded on the Nasdaq ● Institutional investors have made irrevocable commitments to invest approximately $50 million in a PIPE financing at a valuation of $1.28
Slide 18: SPAC Merger on NASDAQ - on track
18 SPAC Merger on NASDAQ - on track ● The transaction is scheduled to close in the second half 2022 at approximately NIS 34 per share of HUB. ● HUB investors and shareholders will be left with approximately 81 % (in the case that none of the $ 173 million SPAC cash investments are being redeemed) an
Slide 19: SPAC Merger on NASDAQ
19 SPAC Merger on NASDAQ The merger will help HUB to accelerate global growth and mainly in the U.S. Confidential
Slide 20: 2021 Financial Results
20 Confidential 2021 Financial Results The company presents record revenues for YE2021 with strong revenue bookings and pipeline supporting 2022 and 2023 growth potential
Slide 21: Highlights for 2021 Financial Results
21 Confidential Highlights for 2021 financial Results 1. Record revenues of approximately 250 million NIS compared to 224 million NIS in 2020 2. Revenue growth forecast for 2022 of approximately 48% to NIS 370 million based on the following points: A. An accumulation of orders of approximately NIS 22
Slide 22: Summary
22 Confidential S u m m a ry ● HUB has developed unique technology and products in the field of Confidential Computing, a relatively new field with the potential to change the paradigm in the world of cyber security ● HUB intends to be a significant player in this field and provides solutions for governme
Slide 23: hubsecurity.com
Confidential ʺʥʣʤ hubsecurity.com 23