Roadzen, Inc. · NASDAQ:RDZN
Roadzen — Vahanna Tech Edge Acquisition I — SPAC Merger (April 2023)
27 slides from Roadzen's SPAC merger presentation, Apr 27, 2023
Slide 1: Investor Presentation
Exhibit 99.1 Investor Presentation
Slide 2: Disclaimer (1/3)
Disclaimer (1/3) This presentation (“Presentation”) is for informational purposes only. This Presentation has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Roadzen, Inc. (“Roadzen”) and Vahanna Tech Edge Acquisition
Slide 3: Disclaimer (2/3): Forward Looking Statements
Disclaimer (2/3) Forward Looking Statements This presentation includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial of Vahanna and Roadzen. These statements are based on the beliefs and assumptions of the management of Vah
Slide 4: Disclaimer (3/3)
Disclaimer (3/3) Market, ranking and industry data used throughout this presentation is based on the good faith estimates of Roadzen’s management, which in turn are based upon Roadzen’s management’s review of internal surveys, independent industry surveys and publications, including reports by third
Slide 5: Today's Presenters
Today’s Presenters Rohan Malhotra Vinode B. Ramgopal Saurav Adhikari Founder & CEO of Chairman of Vahanna LLC Chairman of Vahanna Tech Edge Roadzen (Sponsor) Acquisition I Corp. 5
Slide 6: Key Investment Highlights
Key Investment Highlights A leading global insurtech platform First insurtech going global with platforms Roadzen is building the future of & partnerships in India, US, EU/UK, ME, SEA and distribution licenses targeting a US$ 1 817bn global auto insurance market auto insurance. Scalable, high margin
Slide 7: Transaction Rationale
Transaction Rationale Combining Vahanna’s operating and global tech expertise with Roadzen’s technology, dynamism and ambition will create a platform well positioned to transform the global auto 01 insurance market. Roadzen will benefit from an enhanced profile, disclosures and transparency as a pub
Slide 8: Disrupting the status quo in auto insurance
Disrupting the status quo in auto insurance With the rise of connected, electric and autonomous vehicles, insurance for mobility represents a significant transformation opportunity, projected to surpass a trillion dollars by 2030 2 3 1 1.45bn $817bn 7.1% Vehicles On Global Auto Auto-Insurance the Ro
Slide 9: Illustrative Transaction Summary
Illustrative Transaction Summary Key Highlights Illustrative Transaction Overview Merger Structure at Close ($ mm) § $683mm pre-money equity value Pre-Money Equity Value 683 Valuation (+) Promote and Founder Shares 50 § Pro-Forma FY24E Revenue multiple of 6.4x (+) Total Transaction Costs 21 (+) Road
Slide 10: Vision and Mission
Vision To build the global leader at the intersection of AI, Insurance and Mobility Mission We are revolutionizing the auto insurance industry using cutting-edge technology, making it more accessible, personalized and seamless for every driver 10
Slide 11: Roadzen At A Glance
Roadzen At A Glance 1 300+ 7 Locations ~39 Clients Employees Global + Remote Insurance + Automotive Top 10 Technology Company of 2022 AI Startup & AI Innovators the Year 2021 of the Year Coventry Paris Ahmedabad New York, NY New Delhi Chennai Burlingame, CA 11 1 National Automotive Club (NAC) and Gl
Slide 12: Auto Insurance is challenged; Roadzen makes insurance simple and modern
Auto Insurance is Roadzen makes insurance challenged simple and modern Decoupled, long purchase process Easy to buy, embedded purchase Impersonal coverage Real-time data-based coverage using telematics and augmented data Poor claims experience AI-driven approach to claims – proactive, real-time with
Slide 13: Insurance as a Service platform from quote to claim
An industry leading ‘Insurance as a Service’ platform providing a personalized, seamless experience from quote to claim Parametric Personalized Computer Vision Based Multi-Channel Instant Claims 1 FNOL Underwriting Distribution Loss Adjustment Settlement 13 1 First Notice of Loss
Slide 14: Harnessing AI to deliver a seamless auto insurance experience
Harnessing AI to deliver a seamless auto insurance experience where premiums are dynamic and personalized, accidents are prevented, and claims are processed within minutes Industry leading AI lab with over 100 AI models deployed - computer vision, generative AI and language models - made possible by
Slide 15: Our Revenue Models
Our Revenue Models Our technology powers leading insurers, IaaS Platform Sales intermediaries , fleets and vehicle manufacturers Earns a fixed fee per-vehicle, per-policy, per-claim 01 (OEMs) to make drivers safer, launch new per usage insurance products to their captives and resolve claims faster a
Slide 16: Our Sales Strategy
Our Sales Strategy A comprehensive suite of products across the insurance lifecycle is unique in a world of point solutions allowing clients to choose us to do more. Commercial Usage Roadside GAP Extended Driver Safety / Fleet Safety / Accident Accident Claims Auto Vehicle Based FNOL Insurance Assis
Slide 17: Established in key global markets
Established In key global markets U.S. India U.K. + EU Full-Stack Vertically Global Insurance Platform Leading Commercial Auto Insurance Integrated AI- based InsurTech Leveraging Proprietary Sales-to- Platform Platform Platform Claims technology Strategy & § Europe motor insurance market § Third lar
Slide 18: Financial Highlights
Financial Highlights Highly capital efficient, with profitable contractual 01 margins Attractive recurring revenue profile driven by long- 02 term contracts Roadzen has built a solid foundation that is Secular acceleration across twin engines of growth: 03 Brokerage and IaaS poised for strong growth
Slide 19: High Growth with Recurring Revenues and Capital-Efficiency
High Growth with Recurring Revenues and Capital-Efficiency 1 Historical and Pro Forma Revenue and EBITDA ($mm) 273% 113% 118 EBITDA CHANGE PRO FORMA REVENUE CAGR (2020-2024E) (2020-2023E) 59 23 2 1.1 (3) (5) (7) 2 2 FY 21 FY 22 FY 23E FY 24E Revenue EBITDA 19 1: Roadzen's fiscal year ending March 31
Slide 20: Strong pipeline of global clients and inorganic growth potential
Backed by a strong pipeline of global clients and significant inorganic growth potential M&A Process and Opportunity Sales funnel ($mm) Roadzen has a roll-up playbook integrating its AI and Insurance Automotive claims platform to lower costs, shifting operations to Targeting regional Focused on 4 ou
Slide 21: Roadzen expects to grow faster than peers
Roadzen expects to grow faster, is global and at higher margins than peers 100% Revenue Growth FY24E 37.4% 36.7% 31.5% 28.2% Median: 28.2% Median: 24.3% 21.0% 17.1% 7.9% 15.6x EV/Sales FY24E 12.2x 10.7x Median: 10.7x 8.7x 7.8x 7.5x 6.4x Median: 5.7x 3.5x Brokerage Insurance & Telematics Technology 2
Slide 22: Experienced Management Team
Experienced Management Team that Combines Expertise in AI, Mobility and Insurance Rohan Malhotra Ankur Kamboj Xavier Blanchard Shanon Duthie Nikhil Maheshwari Mohit Pasricha CEO COO CEO, EU / Insurance Head CEO, US Head of Technology CFO Vivek Shrivastava Ian Turley John Wu Manavi Persaud Sanya Soni
Slide 23: Highly accomplished board
The public company will be supported by a highly accomplished board with extensive technology and capital markets experience Rohan Malhotra Steve Carlson Ajay Shah Dario Villani Supurna Vedbrat Saurav Adhikari 23
Slide 24: Roadzen is poised to become a global leader in auto insurance
Roadzen is poised to become a global leader in auto insurance Capital Efficient and Large Addressable Market Visionary and Globally Scalable Across Mobility and Experienced Business Insurance Management Team Differentiated Business Model Powerful Technology Attractive, High Growth across technology
Slide 25: Summary Risk Factors
Summary Risk Factors §History of losses – the Company anticipates increased expenses in the §Industry dynamics – changes in the automotive insurance industry, future and its rapid growth makes it difficult to evaluate future prospects including the adoption of new technologies, such as autonomous ve
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Slide 27: GAAP to Adjusted EBITDA
GAAP to Adjusted EBITDA The following table reconciles our net loss reported in accordance with GAAP to Adjusted EBITDA: Nine months ended Nine months ended Year ended Year ended December 31, 2022 December 31, 2021 March 31, 2022 March 31, 2021 Net loss (9,769,533) (8,540,735) (9,806,578) (15,656,12
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