Roadzen, Inc. · NASDAQ:RDZN
Roadzen — Vahanna Tech Edge Acquisition I — SPAC Merger (July 2023)
27 slides from Roadzen's SPAC merger presentation, Jul 10, 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 (Sponsor) Chairman of Vahanna Tech Edge Roadzen 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 transforming global auto partnerships in India, US, EU/UK, ME, SEA and 1 distribution licenses targeting a US$ 817bn global auto insurance market insurance using applied AI AI at th
Slide 7: Transaction Rationale
Transaction Rationale Combining Vahanna’s operating and global tech expertise with Roadzen’s technology, dynamism and 01 ambition will create a platform well positioned to transform the global auto 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 2 1 1.45bn $817bn 7.1% Vehicles On the Global Auto Insurance Auto-In
Slide 9: Illustrative Transaction Summary
Illustrative Transaction Summary Key Highlights Illustrative Transaction Overview Merger Structure at Close ($ mn) § $683mn 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 400+ 7 Locations ~39 Clients Employees Global + Remote Insurance + Automotive Top 10 Technology Company of the 2022 AI Startup of & AI Innovators Year 2021 the Year Coventry Paris Ahmedabad New Delhi New York, NY Chennai Burlingame, CA 11
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 wit
Slide 13: An Industry Leading 'Insurance as a Service' Platform
An Industry Leading ‘Insurance as a Service’ Platform Providing a Personalized, Seamless Experience from Quote to Claims Resolution Parametric Computer Vision Based Loss Personalized Multi-Channel Instant Claims 1 FNOL Underwriting Distribution Adjustment Settlement 1. First Notice of Loss 13
Slide 14: Award-Winning Research Lab with 100s of Deployed AI Models
Award-Winning Research Lab with 100s of Deployed AI Models Harnessing Computer Vision, Generative AI and Advanced Telematics in Insurance and Mobility Road Object Detection Driveable Area Detection Road Condition Detection Focus Monitoring Distraction Alert Drowsiness Alert Generative AI Car Part De
Slide 15: Our Powerful Suite of Products across the Insurance Lifecycle
Our Powerful Suite of Products across the Insurance Lifecycle Allows Clients to Choose Us to Do More Commercial Roadside Usage Based GAP Extended Driver Safety / Fleet Safety / Accident Accident Claims Auto Insurance Vehicle FNOL Assistance Insurance Insurance Warranty Driver Score Score Prevention
Slide 16: Our Revenue Models
Our Revenue Models Our technology powers leading insurers, intermediaries, IaaS Platform Sales fleets and vehicle manufacturers (OEMs) to make drivers Earns a fixed fee per-vehicle, per-policy, per-claim per 01 safer, launch new insurance products to their captives and usage resolve claims faster an
Slide 17: Financial Highlights
Financial Highlights Highly capital efficient, with profitable contractual 01 margins Attractive recurring revenue profile driven by long-term 02 contracts Roadzen has built a solid foundation that is poised Secular acceleration across twin engines of growth: IaaS 03 and Brokerage for strong growth
Slide 18: Financial Highlights: Historical Pro Forma Revenue and EBITDA
Financial Highlights 1 Historical Pro Forma Revenue and EBITDA ($mn) $118.3 $58.6 $23.5 $13.5 $5.5 ($3.3) ($5.4) ($8.6) 2 FY21A FY22A FY23A FY24E Total Revenues EBITDA 1. Roadzen's fiscal year ends on March 31 of each year, and each period reflects pro forma effect from acquisition of GIM and NAC 2.
Slide 19: Strong Pipeline of Global Clients and Inorganic Growth Potential
Backed by a Strong Pipeline of Global Clients and Significant Inorganic Growth Potential M&A Process and Opportunity Sales Funnel ($mn) 2 Total Pipeline Roadzen has delivered a successful playbook of acquisitions 27 Insurers $260 which integrates its AI and claims platform to lower costs, 72 Automot
Slide 20: Global Presence and Expected Growth Faster than Peers
Roadzen has a Global Presence and Expects to Grow Faster than Peers : Brokerage Peers : Insurance & Telematics Peers : AI-Focused SaaS Peers Revenue Growth FY24E ~100% 38% 30% 29% Median: 27% Median: 23% 25% Median: 16% 16% 16% 15% 8% EV/Sales FY24E 16.6x 16.2x 15.9x Median: 15.3x Median: 14.9x 14.6
Slide 21: 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 Ian Turley Vivek Shrivastava John Wu Manavi Persaud Sanya Soni
Slide 22: Highly Accomplished Board with Technology and Capital Markets Experience
The Public Company will be Supported by a Highly Accomplished Board with Extensive Technology and Capital Markets Experience Rohan Malhotra Steve Carlson Supurna Vedbrat Zoe Ashcroft Diane B. Glossman Ajay Shah Saurav Adhikari 22
Slide 23: 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 across Visionary and Experienced Globally Scalable Business Mobility and Insurance Management Team Powerful Technology Platform Differentiated Business Model Attractive, High Growth Powered b
Slide 24: Summary Risk Factors
Summary Risk Factors §History of losses – the Company anticipates increased expenses in the future and its §Macroeconomic conditions – broader factors impacting the principal industries served rapid growth makes it difficult to evaluate future prospects and increases the risk that the could adversel
Slide 25: Roadzen
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Slide 26: GAAP to Adjusted EBITDA
GAAP to Adjusted EBITDA The following table reconciles our net loss reported in accordance with GAAP to Adjusted EBITDA: Year ended Year ended Year ended March 31, 2023 March 31, 2022 March 31, 2021 (14,201,151) (9,806,578) (15,656,127) Net loss Adjusted for: Other (income)/expense 6,538 104,825 (53
Slide 27: Established in Key Global Markets
Established in Key Global Markets India UK + EU US 4 § 253mn registered vehicles in the EU and 40mn registered vehicles in UK 1 § 326mn registered vehicles (2022) .§ 282mn registered vehicles in the US 5 (2021) . Platform 10 (2021) . § Total gross written premiums (GWP) § Total GWP for motor insuran
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