Slide 1: January 2021
Exhibit 99.2 January 2021 0Exhibit 99.2 January 2021 0
Slide 2: Disclaimer
Disclaimer About this Presentation This investor presentation (this “Presentation”) has been prepared for use by Hudson Executive Investment Corp. (“Hudson”) and Groop Internet Platform, Inc. (d/b/a Talkspace) (the “Company”) in connection with their proposed business combination (the “Business Comb
Slide 3: Today's attendees
Today’s attendees Oren Mark Doug Doug Hirschhorn Braunstein Bergeron Frank Chairman and President, Chief Co-founder and Chief Chief Executive President Operating and Executive Officer Officer Financial Officer Former CFO and Vice Technology Investor and Chairman of J.P. Morgan Former CEO of VeriFone
Slide 4: Hudson Executive Investment Corp. overview
Hudson Executive Investment Corp. overview n Managing Partner of Hudson n Founder / Managing Partner of Executive Capital Hudson Executive Capital n 35-year successful FinTech track n Former CFO / Vice Chairman of record including 12 years as J.P. Morgan and Head of CEO of VeriFone, during which Ame
Slide 5: Key highlights
Key highlights Tech-enabled solution to tremendous unmet medical need with huge TAM accelerated by COVID Platform designed to optimize outcomes for patients and clinicians 1 2 Ideal modality for behavioral health – more affordable and more timely access 3 Scalable technology stack driven by unmatche
Slide 6: Compelling peer differentiation
Compelling peer differentiation 1 2021E EV / Revenue 20.7x 22.9x 11.2x 15.2x 18.1x 6.8x 2022E EV / Revenue 30.4x 62.3x 2021E EV / Gross Profit 17.5x 22.2x 44.6x 10.9x 2022E EV / Gross Profit 48.4% 30.2% 65.3% 2019–2023E revenue CAGR Clinician Clinician Specialized Supply / demand supply / demand Cli
Slide 7: Compelling peer differentiation
Compelling peer differentiation EV / EV / Revenue Revenue Revenue CAGR ’19A- 2021E 2022E 22E • Telehealth / behavioral health 1 offering Core Peers 19.2x 14.2x 36% • Technology-driven differentiation • Disrupting long-standing therapy 2 solutions Disruptive Healthcare 18.0x 14.6x 27% • Innovation ex
Slide 8: Business Overview
Business Overview 7Business Overview 7
Slide 9: Behavioral health is a vital service with an enormous TAM
Behavioral health is a vital service with an enormous TAM 70+ million 17 million $4.6 billion $192 billion 30% Americans suffer from US adults have had at least Spent annually in the U.S. Of annual lost wages and Increase in annual US mental illness, spread one major depressive on unnecessary ER vis
Slide 10: Leading virtual behavioral health platform
Leading virtual behavioral health platform 2021E financial snapshot $125M ~69% ~64% net revenue y/y rev. growth gross margin Company snapshot n Robust technology platform purpose-built to personalize treatment and drive outcomes n Highly rated app promotes behavioral health as a lifestyle >2M >39M ~
Slide 11: A deep, highly experienced leadership team
A deep, highly experienced leadership team with both technology and healthcare expertise Oren Frank Roni Frank Mark Hirschhorn Gil Margolin Sam Braunstein Chief Marketing Officer CEO, Co-Founder Co-Founder, Clinical President, COO and CFO CTO Services Dr. Neil Leibowitz Deb Adler Nisim Cohen Michael
Slide 12: Virtual therapy ideal for the unmet need in behavioral care
Virtual therapy ideal for the unmet need in behavioral care E Elem lemen ent ts s o of f car care e IIn pe n per rs son l on liimi mita tati tions ons Treatment stigma coupled Multiple ways to access Convenience û with physical hurdlesü care On-demand access aligns Inefficient Timeliness û ü issue a
Slide 13: B2C and B2B model overview
B2C and B2B model overview Therapy Psychiatry Robust growth B2C Active Members $65/week $79/week $99/week ~28,000 Messaging LiveTalk Messaging Plus Premium Ultimate Fee per ~20,000 +1 Live Video +4 Live Videos session model Text, video and Text, video and Text, video and audio messaging audio messag
Slide 14: Unique platform to match providers and patients
Unique platform to match providers and patients Robust growth Unmatched presence and quality Active providers Access 102% growth ~2,650 ~2,650 providers across all 50 U.S. states ~1,300 Experience Jun'19 Nov'20 100% 8 years of providers with a average years of Unparalleled value proposition Masters
Slide 15: Robust technology platform drives differentiated care model
Robust technology platform drives differentiated care model The journey Technology engaged Impact 1 Highly specialized, reliable expertise Robust, data-supported Screening / intake Initial behavioral health assessment to evaluate member provider network well-being and note specific needs and prefere
Slide 16: Talkspace offers a best-in-class member experience
Talkspace offers a best-in-class member experience Guaranteed Multi-platform Digital navigation Find provider response time capability and triage n Personalized matches to n Secure, reliable n Live video sessions n Goal-setting, guidance, suit specific needs and messaging with a with providers acros
Slide 17: Science-based approach leads to superior clinical outcome
Science-based approach leads to superior clinical outcome Clinical case study A focus on clinical excellence Talkspace treatment efficacy 10 PHQ-9 GAD-7 12 10 Peer-reviewed studies 8 6 4 2 0 Pre Post 68% of patients improved or remitted Methods n Published study of 10,718 participants n Study length
Slide 18: The strongest brand in digital behavioral health
The strongest brand in digital behavioral health 1 Instantly recognizable, highly influential spokespeople Highest brand awareness relative to competitors Top US behavioral telehealth brands Multi-faceted marketing approach is core to success in consumer market Optimized Go-To-Market Spokespeople +
Slide 19: Growth
Growth 18Growth 18
Slide 20: Multiple levers for continued rapid growth
Multiple levers for continued rapid growth M&A International expansion Expand partnerships Continue expanding user base and increase engagement 19Multiple levers for continued rapid growth M&A International expansion Expand partnerships Continue expanding user base and increase engagement 19
Slide 21: Expand highly-engaged core user base
Expand highly-engaged core user base Continue driving Highest brand 1 awareness brand awareness relative to competitors and member engagement Brand awareness of Talkspace n Expand Talkspace’s brand to promote therapy as 80% 98% a lifestyle choice and not as a one time event Maintain current n Contin
Slide 22: Diverse pathways to continued B2B growth
Diverse pathways to continued B2B growth Address embedded Expand capabilities members in existing B2B Add new B2B clients clients B2B lives covered growth (mm) Extend member retention through 1 self-service care products >39 2 Further establish and grow psychiatry ~2 Q1'19 YTD 2020 3 Expand into sle
Slide 23: Clear global expansion opportunity
Clear global expansion opportunity >$205bn global behavioral health TAM Illustrative TAM Rationale n Highly exportable platform capabilities n Near-term focus on English speaking countries n Clear perspective on regulatory and clinical requirements Aggregate addressable pop. 30mm+ 22 Source: Mordor
Slide 24: Optimally positioned for M&A opportunities
Optimally positioned for M&A opportunities across behavioral health landscape Wellness and Chronic managed care coaching platforms Virtual therapy and Face to face therapy and psychiatry adjacencies psychiatry platforms 23Optimally positioned for M&A opportunities across behavioral health landscape
Slide 25: Financial Overview
Financial Overview 24Financial Overview 24
Slide 26: Exceptional financial profile
Exceptional financial profile… Net revenue ($mm) | Growth (%) Gross profit ($mm) | Gross margin (%) 60% 78% $74 CAGR CAGR $47 $38 $29 $20 $14 $18 $8 2017 2018 2019 2020E 2017 2018 2019 2020E 61% 33% 94% 47% 49% 51% 63% 25Exceptional financial profile… Net revenue ($mm) | Growth (%) Gross profit ($mm
Slide 27: With strong growth trajectory
…With strong growth trajectory $285 57% Net revenue ($mm) CAGR $205 $125 $74 2020E 2021E 2022E 2023E Gross profit ($mm) | Gross margin (%) 55% CAGR $176 $129 $80 $47 63% 64% 63% 62% 2020E 2021E 2022E 2023E 1 EBITDA ($mm) | EBITDA margin (%) $42 $14 7% 15% ($12) ($15) 2020E 2021E 2023E 2022E 26 1 We
Slide 28: Profit and loss snapshot
Profit and loss snapshot HI S T O RI CA L F O RE CA S T ($ in millions, except 2017A 2018A 2019A 2020E 2021E 2022E 2023E subscribers data) Total B2C 15,021 17,002 19,851 31,214 46,259 71,001 85,829 subscribers Total B2B lives 0 1,039 6,725 39,285 65,341 129,093 174,218 covered (‘000s) Net revenue $1
Slide 29: Transaction Overview
Transaction Overview 28Transaction Overview 28
Slide 30: Transaction overview
Transaction overview Talkspace is preparing to go public through a SPAC Merger with Hudson Executive Investment Corp., which has raised a $300 million PIPE to further support long-term growth n HEIC’s IPO raised $414 million in June 2020, with its common stock trading on the NASDAQ under 1 symbol “H
Slide 31: Pro forma capitalization and ownership
Pro forma capitalization and ownership 1 Estimated Transaction Sources & Uses Post-Money Valuation at Close ($mm) ($mm) Sources PF Transaction SPAC Cash in Trust $414 Illustrative Talkspace Share Price $10 2 PF Shares Outstanding Hudson Executive Capital Forward Purchase $25 165.0 PIPE $300 Total Eq
Slide 32: Valuation benchmarking to peers
Valuation benchmarking to peers ‘19A – ‘22E 31% 75% 39% 54% 20% 27% 42% Revenue CAGR 2021 Core Peers Mean: 19.2x 2022 Core Peers Mean: 14.2x 24.1x 22.9x 22.8x 20.7x 18.1x 18.0x 18.1x 17.3x 15.2x 14.6x 11.2x 9.0x 6.8x 6.4x Disruptive High Growth 1 2 Healthcare Internet Talkspace premium / (54%) / (61
Slide 33: Leading virtual behavioral health platform
Leading virtual behavioral health platform 2021E financial snapshot $125M ~69% ~64% net revenue y/y rev. growth gross margin Company snapshot n Robust technology platform purpose-built to personalize treatment and drive outcomes n Highly rated app promotes behavioral health as a lifestyle >2M >39M ~
Slide 34: Key highlights
Key highlights Tremendous unmet medical need with huge TAM accelerated by COVID 1 Platform designed to optimize outcomes for patients and clinicians 2 Ideal modality for behavioral health – more affordable and more timely access 3 Scalable technology stack driven by unmatched behavioral data set 4 P
Slide 35: Demi Lovato testimonial
4 DEMI x talk space “What | admire most about Talkspace is their mission to provide Therapy for All and bring more awareness to the importance of mental and behavioral health.” — Demi Lovato, Singer, Songwriter, Activist, Mental Health Advocate