Duos Technologies Group, Inc. · NASDAQ:DUOT
Duos Technologies — Investor Presentation (December 2022)
18 slides from Duos Technologies's investor presentation, Dec 7, 2022
Slide 1: Investor Presentation December 2022
| Nasdaq: DUOT INVESTOR PRESENTATION DECEMBER 2022 REV5.1 Nasdaq: DUOT
Slide 2: Safe Harbor Statement
| Nasdaq: DUOT Safe Harbor Statement This presentation, as well as other written or oral statements made from time to time, includes “forward - looking statements” . Forward - looking statements are not based on historical information and include, without limitation, statements regarding our future
Slide 3: Duos Technologies Overview
| Nasdaq: DUOT Duos Technologies Overview – Nasdaq: DUOT Advanced technology company that specializes in Machine Vision & Artificial Intelligence to analyze fast moving objects. Inspection Portals Hardware Artificial Intelligence IT O & M Manufacture Project Mgt Installation Software All aspects of
Slide 4: Management Team
| Nasdaq: DUOT Charles (Chuck) Ferry Chief Executive Officer Adrian Goldfarb Strategic Advisor Connie Weeks Chief Accounting Officer • Over 35 years of military and private - sector leadership • Previously CEO for APR Energy • Previously GM for ARMA Global • 26 years Army Enlisted, NCO Combat Vetera
Slide 5: Strategy
| Nasdaq: DUOT Strategy Truck Inspection Portal Aircraft Inspection Portal EDGE Data Centers Railcar Inspection Portal Rail Transportation $3.5 Billion by FY27 1 Aviation MRO to grow to $4.7 Billion by FY30 2 $13.5 Billion by FY25 3 Global Cargo Inspection to reach $2.3 Billion by FY26 4 (1) Source:
Slide 6: History and Future Pathway
| Nasdaq: DUOT History and Future Pathway 20 20 2015 Public company by reverse merger to OTC 20 21 20 22 FEB 2020 Up listed to Nasdaq: DUOT SEP 2020 New CEO Initiate turn - around 11 x portals deployed $8M Revenue Improve technical & operational delivery Regain customer confidence Amtrak Win Develop
Slide 7: Railcar Inspection Portal (rip)
| Nasdaq: DUOT Railcar Inspection Portal ( r i p ® ) 7 Gen 2 Up to 92 NEW Inspection points Gen 1 20 - 25 Inspection points
Slide 8: High Resolution Images at 70mph For Visual Inspections
| Nasdaq: DUOT High Resolution Images at 70mph 8 For Visual Inspections Area of Interest • Safety appliances • Brake piston • Brake shoes • Sander nozzles • Tank dump outlet covers • “F” sticker/stencil • Spring condition • Ladder lighting Area of Interest • Coupler carrier iron • Angle cock securem
Slide 9: Raw images from multiple sensors processed in centraco
| Nasdaq: DUOT Raw images from multiple sensors Collected, processed, analyzed in cen t raco ® Presented to user to make a decision cen t raco ® Proprietary SW and AI User Interface 9
Slide 10: Examples of Freight Railcar AI Detections
| Nasdaq: DUOT Examples of Freight Railcar AI Detections Tank Car Missing Cap Illegal Riders Body - mounted Brake Piston Engaged Knuckle Pin Missing Open Hopper Gate Axle Rubbing 95%+ reliability ; portfolio of 28 AI Use Cases 10 person
Slide 11: Rail Industry Ownership (North America)
| Nasdaq: DUOT Rail Industry Ownership (North America) Approximately 1.63 million railcars RAILROADS ▪ Ownership of railcars continues to decline ▪ Virtuall y no tank car ownership due to complexities and regulations ▪ Focuses capital investment on infrastructure 16% (2022) 17% (2022) 10% (2022) SHI
Slide 12: Rail Industry Technology Adoption Headwinds
| Nasdaq: DUOT Rail Industry Technology Adoption Headwinds Challenges with Class 1s, Regulators, and Labor Unions: • Publicly praise the technology, but internally challenged to quickly adopt full - scale. • Capital investment needed is competing with other critical investments for the RRs. • Challe
Slide 13: Transition to Subscription Business Model
| Nasdaq: DUOT Transition to Subscription Business Model CURRENT OFFERING ▪ Currently operate 11 x RIPs; Q2 2023, 15 x RIPs ▪ All RIPs sold as a CAPEX model to Class 1s and Transit Agencies (mostly one - time revenue & small percentage recurring) ▪ 7 Class 1s (soon to be 6) + Major Transit Agencies
Slide 14: Consolidated Income Statement
| Nasdaq: DUOT (1) Guidance for 2022 based on contracts in backlog (2) Forgiveness of Cares Act/PPP Loan (3) Reflets reclassification of costs consistent with latest 10Q filings Consolidated Income Statement (in ‘000s) 9 months 2021 (Unaudited) 9 months 2022 (Unaudited) FY 2021 (Audited) FY 2022 (Gu
Slide 15: Balance Sheet
| Nasdaq: DUOT Balance Sheet (in ‘000s) Sept. 30, 2022, 10 - Q ( Unaudited ) Dec 31, 2021, 10 - K (Audited) Current Assets $9,369 $3,289 Cash, A/R, Contract Assets (1) $8,024 $2,636 Current Liabilities $6,646 $3,940 Contract Liabilities (2) $3,880 $1,829 Debt $0 $0 Cash $4,965 $894 Working Capital (
Slide 16: Capital Structure
| Nasdaq: DUOT (1) Weighted Average Exercise Price: $8.63/share (2) Weighted Average Exercise Price: $5.85/share (3) Common Stock Equivalent as converted = 1299 Preferred Shares (Series D), Exercise Price: $3.00/share (4) Note: Calculated by Intrinsic Value Method As of 11/21/22 Common Stock 7,140,5
Slide 17: Investment Highlights
| Nasdaq: DUOT Investment Highlights Significant Global Market Opportunities * • Combined North American markets exceed $24B • $3.5B Rail Transportation • $2.3B Global Cargo Inspection • $4.7B Aviation Maintenance and Repair Operations • $13.5B 5G/Edge Data Centers • Multiple sources previously cite
Slide 18: Contact Us
| Nasdaq: DUOT Contact Us Duos Technologies Corporate Fei Kwong Duos Technologies Group, Inc. 904 - 652 - 1625 fk@duostech.com Investor Relations Matt Glover or Tom Colton Gateway Investor Relations 949 - 574 - 3860 DUOT@gatewayir.com Nasdaq: DUOT
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