Real Messenger Corporation · NASDAQ:RMSG
Real Messenger — Nova Vision Acquisition — SPAC Merger (May 2023)
34 slides from Real Messenger's SPAC merger presentation, May 18, 2023
Slide 1: Real Messenger Investor Presentation
messenger Investor
Slide 2: Disclaimer 1/2
Disclaimer 1/2 ‘About this Presentation This investor presentation (this "Presentation’) relates to a proposed business combination (the "Business Combination") between Nova Vision Acquisition Corp. (‘NOVA’) and Real Messenger Holdings Limited, a ‘Cayman Istands exempted company (the "Company" or "R
Slide 3: Disclaimer 2/2
Disclaimer 2/2 Financial Information; Non-GAAP Financial Measures ‘The financial information and data contained inthis Presentation are unaudited and do not conform to Regulation $-X. Such information and data may not be included in, may be adjusted in, or may be presented differently in the proxy s
Slide 4: Presenters
Presenters ul Thomas Ma Chief Executive Officer & Co-Founder feat messenger Fredrik Eklund Chief Visionary Officer & Co-Founder feat messenger Kamal Shaik Chief Data Officer (eal messenger Eric Wong Chief Executive Officer Nova Vision N. Acquisition Corporation Director Nominee Patrick Ngan N. Chair
Slide 5: Overview of Nova Vision Acquisition Corporation
Overview of Nova Vision Acquisition Corporation NovaVision ‘Acquisition Corporation Deep transactional expertise and and strong sponsorship Nova Vision Acquisition Corporation ("Nova"), a publicly traded company (Nasdaq: NOW) raised $57.5 million at IPO in August 2021. © Our management team boasts 6
Slide 6: Why Nova Vision chose Real Messenger
Why Nova Vision chose Real Messenger NovaVision ‘Acquisition Corporation Using social networking, data and Al, Real Messenger offers an international and universal platform for the real estate industry. eat messenger A Highly Disruptive business model in a Very Large addressable market Category crea
Slide 7: Our mission is to connect and empower the real estate community through technology
Our mission is to connect and empower the real estate community through technology. (<=) feat messenger
Slide 8: Redefining how we consume real estate information
al we consume real estate information Redefining At Real Messeng} lieve that real a7 Should be a fun and joyfullexperience for everyone. No matter what your real es mey entails, we are dedicated to bringing the thrill and excitement back. Our goal is tum your dream into a reality and make every step
Slide 9: For many years traditional database portals have claimed the crown of first eyeball
For many years traditional database portals have claimed the crown of first eyeball. Traditional Database Despite the growth of the internet, traditional database-style real estate content has not proven to be effective. Studies by the National Association of REALTORS show that, despite the abundanc
Slide 10: Modern consumers need the professional's insights
Modern consumers need the professional's insights Curated Content News Feed Fredrik Eklund © (@tredrikekiund 167 215% Agent curated content offers a distinct advantage over traditional database format content. With the expertise and experience of a real estate pro guiding the selection process, cura
Slide 11: Modern consumers want to see what's happening around them
Modern consumers want to see what's happening around them Consumers want to stay informed about what's happening in their network, neighborhood, and among friends. They're interested in seeing what their favorite and connected real estate agents are working on. This desire for information and connec
Slide 12: Connecting all stakeholders: revolutionizing real estate communication
Connecting all stakeholders: revoluti g real estate communication () Chat Activity OF960 @ GS &S-5038 © Real estate is a complex and competitive industry that requires clear and effecti icati Istakeholders. A dedicated chat app can provide numerous benefits, such as real-time messaging, A ration wit
Slide 13: A centralized communication platform connects the diverse range of stakeholders
A centralized communication platform connects the diverse range of stakeholders All stakeholders in one app Each stakeholder in the real estate market tends to operate within their own niche. This fragmentation can create challenges in terms of communication and collaboration, as there are often man
Slide 14: A unified communication platform will break down the barriers of the current fragmented industry
A unified communication platform will break down the barriers of the current fragmented industry Link up the international market The current real estate industry is highly localized, with different markets having their own unique characteristics and dynamics. By providing features that support inte
Slide 15: A common API framework will connect different software tools or applications
A common API framework will connect different software tools or applications The real estate industry has traditionally been slow to adopt new technology and digital solutions, which has created a fragmented landscape of different software, platforms, and data sources. This fragmentation can make it
Slide 16: Our commitment to real estate agents
Our commitment to real estate agents Your Content. Your Leads. Traditional portals gain pricing power over real estate agents by aggregating the real estate agents’ work - the listing content. Standing in between their connections to lead. We believe this is the wrong approach as it continues to bui
Slide 17: Traditional portals gave real estate agents three options
Traditional portals gave real estate agents three options: Bid to Advertise Auction for Leads Share your Commision PICK ONE
Slide 18: Real Messenger was founded on the principle of creating value for the community
Real Messenger was founded on the principle of creating value for the community. Unlike real estate portals that create) barriers and are a zero-sum game for agents, we believe~that creating high-quality Content should be rewarded with free inbound connections. Our mission is to empower real estate
Slide 19: Real estate agents are at the center of the process
Real estate agents are at the center of the process Real estate agents are crucial in the home buying and selling process, providing expertise in local markets, property values, and deal negotiations, as trusted advisors, Vast majority of homes sold “The introduction of technologies that improve the
Slide 20: Artificial intelligence in the real estate vertical
Artificial intelligence in the real estate vertical i} RealAl In today’s rapidly evolving real estate industry, the use of Al has become increasingly critical for enhancing the productivity of all stakeholders, By combining proprietary dynamic data with static data, Alcan help to unlock new insights
Slide 21: Static data are readily available in the market
Static data are readily available in the market © Property Data e Neighborhood Data Real Estate Foreclosures Listings Boundary Data ry 7 Ownership ° e e Schools © e Transactions e e Climate Risk Mortgage Data Valuation Feat messenger Hazards
Slide 22: Proprietary dynamic data from RealAI
Proprietary dynamic data from RealAl Includes user reactions and engagements such as likes, comments, shares, clicks, view duration, and interactions with others. This is the primary feedback (oop te train the RealAl engine, User-generated content Offers a constant stream of carefully curated real e
Slide 23: Creating the best in class domain-specific AI training data for the real estate industry
Creating the best in class domain-specific Al training data for the real estate industry “High quality domain-specific Al training data could result in winner-takes-most outcomes across vertical applications.” - Ark investment Management LLC. 2023 More Customers & Proprietary Data Generation Better
Slide 24: Visionary Management Team
Visionary Management Team a i Thomas Ma Chief Executive Officer & Co-Founder Thomas co-founded REAL to ‘empower realestate agents through logy. His glona perspective, sd ty fis upbringing in Hong Kingdom, has driven him to create. platform that not only meets local needs but also scales internationa
Slide 25: Making headlines: Our press coverage
Making headlines: Our press coverage inman ‘Real has the moxy to make agents go viral, naw itneeds ‘adoption leads, and stay conn Craig Rowe, Author 3Ma 1 August 2022 Forbes “The high-speed accessibility of the ‘game, ‘app also makes the user experience seamless and efficient. Emma Reynolds, Senior
Slide 26: Capturing the moment - event highlights
Capturing the moment - event highlights DWER “ey THe socraL TR Aba seer a \ ‘be \
Slide 27: Fact Sheet
Fact Sheet 420,000+ _ ay DOWNLOADS. AVERAGE SESSION TIME per ste visit or app session @ 10:02 mins @ itow.com 1: | Realtor.com 627 mins 548 mins 2) Apartments.com 5:18 mins © Thliacom © Petfincom 448 mins 437 mins We are in 35 COUNTRIES AVERAGE TIME SPEND per diy active users 14°16 mins Trusted by a
Slide 28: Real estate's massive market
Real estate's massive market REALS ‘TAM brealciown: Largest asset class - Real Estate ~$19B,, Real estate Productivity Data and Al $2T+ Ho advertising, and Branding revolution ential Real Estate market Market ie me US, morket US; market
Slide 29: Subscription based SaaS model
Subscription based SaaS model needs of all core stakeholders in the real estate Designed to cater to the diverse sector - buyers, sellers, agents, owners, and investors, providing them with tailored resources, tools, and services for an enhanced real estate experience. Verified Users AlLusors with a
Slide 30: Financial Forecast
Financial Forecast /ears ended Decembe 20228 2023F 2024F 2025F Total Revenue = 03 15.9 110.1 Growth assumptions Revenue from agent subscriptions - 03 127 n6 Revenue from non-agent subscriptions - - 32 385 Social neneorecrally) drives user growth Gross Margin : 0.2 m4 76.8 of Revenue 0.0% 65.5% 69.7%
Slide 31: Public Comparables - ARPU (per paying real estate agent)
Public Comparables - ARPU (per paying real estate agent) ARPI ti uss $30,000 - $25,000 — 23,705 19,553 14,955 15,000 ‘Annual ARPU (Per paying real estate agent) 5,164 GEE $5,000 837. 2,000 000: soo 500 agin) 312 %0 2012 -2013,-««2014—=201S= OS =— «2017 2ote =~ 2019-2020 «2021 «2022 ©«2023F ©—«2024F
Slide 32: Public Comparables - Valuation Metric
Public Comparables - Valuation Metric 120 2024F Total 9% * ues Enterprise Value 7 Revenue Multiple () 2 95x 95x 6.2K inanenger @reacroup rightmove® 2 costarGroup- (Scouraa) 2zZillow wore cnustatn wn ws) ‘cermany) us) 2025F Total 10.9% 10.4% Enterprise Value 7.9% Median: puePIES snr : zs , conor geco
Slide 33: Transaction Summary
Transaction Summary Pre-money Enterprise Value of USS150 million Implied Consideration to Revenue multiples of 9.4x and 1.4x, for 2024F and 2025F, respectively,,, © Purchase multiples assume revenue of $15.9 million and $110 million, for 2024F and 2025F, respectively,,, Real Messenger's shareholders
Slide 34: Thank you
feal messenger Thank you we he Investor Relations ir@real.co info@novavisionacquisition.com