Brand Engagement Network Inc. · NASDAQ:BNAI
Brand Engagement Network — DHC Acquisition — SPAC Merger (March 2024)
40 slides from Brand Engagement Network's SPAC merger presentation, Mar 4, 2024
Slide 1: Investor Presentation March 2024
Exhibit 99.1 Investor Presentation MARCH 2024 © 2024 Brand Engagement Network, Inc. Used with permission.
Slide 2: Disclaimers
Disclaimers Basis of Presentation This Presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Brand Engagement Network, Inc. (“BEN” or th
Slide 3: Disclaimers (cont'd): Forward Looking Statements
Disclaimers (cont’d) Forward Looking Statements Certain statements included in this Presentation are not historical facts but are forward-looking statements, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking
Slide 4: Disclaimers (cont'd): Forward Looking Statements
Disclaimers (cont’d) Forward Looking Statements (cont’d) and “Special Note Regarding Forward-Looking Statements” in DHC’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, DHC's Annual Report on Form 10-K for the year ended December 31, 2022, and in those documents that DHC has
Slide 5: Disclaimers (cont'd): Important Information for Investors and Stockholders
Disclaimers (cont’d) Important Information for Investors and Stockholders(cont’d) After the Registration Statement has been filed and declared effective, DHC will mail a definitive proxy statement and other relevant documents to its stockholders as of the record date established for voting on the Po
Slide 6: Disclaimers (cont'd): Financial Information and SEC Filings
Disclaimers (cont’d) Financial Information and Additional Information in Connection with SEC Filings (cont’d) In addition, all historical financial information included herein is preliminary and subject to change pending finalization of the PCAOB audits of BEN for the years ended December 31, 2022 a
Slide 7: Today's Presenters
Today’s Presenters Michael Zacharski Paul Chang Chris Gaertner GLOBAL CEO GLOBAL PRESIDENT CO-CEO & CFO • Seasoned CEO with 15+ years of • 25+ years of experience launching new • 25+ years of experience in underwriting experience in the tech industry technologies including 18-year tenure and M&A at
Slide 8: Table of Contents
Table of Contents 1. Executive Summary 2. Product Overview 3. Go-to-Market Overview 4. Organizational Detail 5. APPENDIX © 2024 Brand Engagement Network, Inc. Used with permission.
Slide 9: Executive Summary
Section 01 Executive Summary © 2024 Brand Engagement Network, Inc. Used with permission.
Slide 10: AI That Delivers
AI That Delivers Customer Experience (CX) Productivity Performance Create rich and engaging Empower organizations Enterprise-grade customer experiences with new tools that can capabilities to grow at- delivered through a accelerate business scale while adhering to human-like response productivity an
Slide 11: BEN at-a-Glance
BEN at-a-Glance BEN is a 2018 2019 Started US Operations Launched Gen AI Lab Began Gen AI Development Acquired US Patents on Sensor Data Conversational AI An Company Focused Emerging 2023 AI Platform Acquired 14 Korean & 2 US Patents Filed 13 US Provisional Patent Apps on Delivering 2020 Released AI
Slide 12: Transaction Summary
Transaction Summary ILLUSTRATIVE KEY HIGHLIGHTS ILLUSTRATIVE SOURCES & USES Sources $M % • Pre-money equity value of BEN of $250M BEN Rollover Equity 250.0 90.3 Cash in Trust 22.2 7.9 • Pro-forma equity value of the combined company of $390M PIPE Investment 5.5 1.8 • $377M enterprise value of the co
Slide 13: Massive Market Opportunity Across Many Industries
Massive Market Opportunity Across Many Industries Target Markets Banking Auto 91% ~$85B Healthcare Retail 1 Of customers are more likely to Annual US Spending on Healthcare- 22.6% CAGR 3 shop with brands that offer related Customer and Patient Services 2 ~$30B personalized experiences ~$10B 2023 202
Slide 14: Modern Problems Require Modern Solutions
Modern Problems Require Modern Solutions Problem: Enterprises lack a proven, customizable tool that can deliver the exciting benefits of personalized AI-driven customer service that increases brand engagement DRIVES FULL-STACK CUSTOMIZABLE SAFE & SECURE PERSONALIZED ENGAGEMENT SCALABLE Solution: BEN
Slide 15: BEN's AI Products Help Customers Unlock Significant Value
BEN’s AI Products Help Customers Unlock Significant Value BEN’s Human-Like AI Response Generation Engine Business Results Personalized Engagement Consumers Human-Like Voice/Audio, Human-Like Improved Efficient Response Computer Response Customer Performance Generation Vision, Text Generation Experie
Slide 16: Key Investment Highlights
Key Investment Highlights 1 High demand for conversational AI technology with superior user experience growing to approximately $30Bn by 2028 1 Significant opportunity for AI solutions in many resource-constrained end-markets that are looking to optimize costs, 2 maintain compliance, and seamlessly
Slide 17: Product Overview
Section 02 Product Overview © 2024 Brand Engagement Network, Inc. Used with permission.
Slide 18: Essential Capabilities in Enterprise-Grade AI Solutions
Essential Capabilities in Enterprise-Grade AI Solutions What Matters to Enterprise Customers Enterprise Regulatory & Compliance Requirements Product Capability Requirements Security Understanding • Trained on Client-Approved and Provided Data Sets, Prevents Data Leakage• Leading Natural Language Pro
Slide 19: AI Ecosystem is Diverse, but Few Have Proven Enterprise Solutions
AI Ecosystem is Diverse, but Few Have Proven Enterprise Solutions BEN provides a human-like interface and a safe environment through multi-modal communication, delivering scaled solutions for industries impacted by labor and cost burdens and a desire to increase engagement with their customers Enter
Slide 20: BEN is a Differentiated Full-Stack Enterprise Platform
BEN is a Differentiated Full-Stack Enterprise Platform AVATAR VOICE AI LLM BUSINESS AI HOME GROWN COMPANIES COMPANIES COMPANIES COMPANIES SOLUTIONS Expertise Vertical Expertise Client or Vertical Expertise Vertical Expertise Client or Vertical Expertise Client or Vertical Expertise Client Expertise
Slide 21: BEN Provides Tailored & Customer Safe Solutions
BEN Provides Tailored & Customer Safe Solutions Large Langue Models BEN Solution Dialogue Small Footprint Optimized Data LLM Retrieval Manager Layers O Unknown training dataP Trained only on client provided data O Guard against unknown and unexpectedP Only allows expected O Must provide answers P Do
Slide 22: BEN is a Multimodal & Cross Platform Solution
BEN is a Multimodal & Cross Platform Solution Currently available Multimodal Conversational AI & AI Avatars: Advantages Fully customizable “Human-like” AI & AI Avatars designed to increase engagement ✓ Full private/public LLM and/or RAG functionality: hear, see, speak, motion and think (lead with Ll
Slide 23: Safer, Human-Like Interaction with AI Technologies
Safer, Human-Like Interaction with AI Technologies BEN’s Full-Stack Proprietary Technology Delivers Secure, Private & Safe Prompt Design BEN Data Retrieval Voice/Audio, Perception & Input Computer Understanding Prompt Vision, Text Static Data Processing ( LLMs, Data) Raw Response APIs Consumers Clie
Slide 24: Comprehensive and Feature Rich AI Platform
Comprehensive and Feature Rich AI Platform We believe BEN’s AI Modules have advanced capabilities compared to legacy conversational solutions: Human-like AI responses built on modern technology and supported by a strong pipeline of innovative future developments Typical Conversational AI Modules AI
Slide 25: Go-to-Market Overview
Section 03 Go-to-Market Overview © 2024 Brand Engagement Network, Inc. Used with permission.
Slide 26: Targeting Multiple Sectors Prime for BEN Product Adoption
Targeting Multiple Sectors Prime for BEN Product Adoption Legacy, highly fragmented industries has propagated data disparity across segment participants and led to slow adoption of Auto / Industrial emerging technologies and analytics capabilities as consumer preferences continue towards digitizatio
Slide 27: Multi-Dimensional Sales Strategy Maximizes Product Reach
Multi-Dimensional Sales Strategy Maximizes Product Reach Channel Partners Resellers Direct Sales Embedded Strategy: Partner with vertical solution Strategy: Exclusive resellers Strategy: Target customer accounts Strategy: Embed BEN AI into customers’ providers to expand new business partnerships to
Slide 28: Go-to-Market & Tiered Pricing Strategy
Go-to-Market & Tiered Pricing Strategy Vertical Focused Illustrative Offering Tiers Healthcare Community Cloud Citadel Private Cloud Auto Financial Lowest Price Point with Customized Solution with Full Ring-Fenced Custom Services Shared Infrastructure and Proprietary Cloud Enterprise Solution Simple
Slide 29: Select Verticals Illustrate Potential US Opportunity
Select Verticals Illustrate Potential Mid- and Long-Term US Opportunity Risk Factors Management believes BEN has an opportunity for sustained growth and margin expansion over the mid-to-long-term Auto Healthcare Financial Services ~450K+ ~145K+ ~227K+ Organizations Organizations Organizations ~195K
Slide 30: BEN AI Product Use Case – Healthcare Customer
BEN AI Product Use Case – Healthcare Customer BEN Client Engagement Process BEN engages with clients to help enhance customer engagement/experience and drive increased value to customers. For this healthcare customer example, BEN… Identifies the Problem: O A healthcare group suffering from poor pati
Slide 31: AFG Strategic Partnership Overview
AFG Strategic Partnership Overview Delivering Value to a Tech-Enabled Services and Third-Party Administration Company AFG’s Situation AFG is a holding co with several client-facing service Automotive businesses within their portfolio looking to ensure premium service at efficient rates as a standard
Slide 32: BEN AUTO – a Tailored Solution for the Automotive Industry
BEN AUTO– a Tailored Solution for the Automotive Industry In partnership with AFG, BEN has designed a suite of tailored solutions for the automotive industry. Once integrated with TRONIX, AFG’s automotive software, BEN’s AI assistants will be capable of providing increased automation and efficiency
Slide 33: Organizational Detail
Section 04 Organizational Detail © 2024 Brand Engagement Network, Inc. Used with permission.
Slide 34: Experienced Team
Experienced Team Leadership Team Operational Team Hanseok Ko, Ph.D Patrick Nunally, Ph.D Co-CTO & Co-Founder Co-CTO & Mike Zacharski Paul Chang Bill Williams Lead AI Researcher Chief Scientist Co-Founder Global CEO Global President Chief Financial Officer Tyler Luck Rick Howard • 25+ years of experi
Slide 35: Multiple Levers for Continued Growth
Multiple Levers for Continued Growth NEW VERTICALS EXPANSION ADDITIONAL COLLABORATIONS WITH LEADING UNIVERSITIES NEW CUSTOMER ACQUISITION LEVERAGING DIRECT AND CHANNEL SALES STRATEGY STRATEGIC M&A PRODUCT EXPANSION AND EMBEDDED SOLUTIONS ADOPTION LAND & EXPAND 35 © 2024 Brand Engagement Network, Inc
Slide 36: Appendix: Additional Information
APPENDIX Additional Information © 2024 Brand Engagement Network, Inc. Used with permission.
Slide 37: Comparable Companies Analysis
Comparable Companies Analysis AI / DATA DRIVEN / BPM SOFTWARE AI INFRASTRUCTURE & HARDWARE • Nascent but rapidly growing opportunity in generative 1 and conversational AI • BEN is a young company with an expanding patent Value Drivers portfolio • Differentiated approach to monetization with strong c
Slide 38: Comparable Company Metrics & Private AI Funding
Comparable Company Metrics & Private AI Funding Private AI Latest Latest Funding Companies Valuation ($B) Date AI / DATA DRIVEN / AI INFRASTRUCTURE & MEGA CAP BPM SOFTWARE HARDWARE PLATFORMS $85.0 Aug 2023 $25.0 Oct 2023 $10.3 Oct 2022 $8.5 Dec 2022 $7.3 Apr 2021 $5.7 Jul 2022 $4.5 Aug 2023 2024E 20
Slide 39: AI / Data-Driven / BPM Software Companies Have Outperformed the S&P
AI / Data-Driven / BPM Software Companies Have Outperformed the S&P 150.0 140.0 130.0 AI / Data Driven / BPM 120.0 Software, +26.7% S&P500, +11.9% 110.0 DHCA, +1.2% 100.0 90.0 80.0 9/7/2023 10/7/2023 11/7/2023 12/7/2023 1/7/2024 2/7/2024 39 Source: FactSet data as of 02/21/2024 © 2024 Brand Engageme
Slide 40: ©
© 2024 Brand Engagement Network, Inc. Used with permission.