Trump Media & Technology Group Corp. · NASDAQ:DJT
Trump Media & Technology — SPAC Merger (December 2021)
38 slides from Trump Media & Technology's SPAC merger presentation, Dec 6, 2021
Slide 1: Investor Presentation November 2021
Exhibit 99.2 INVESTOR PRESENTATION NOVEMBER 2021 STRICTLY PRIVATE AND CONFIDENTIAL
Slide 2: Disclaimer and Risk Factors
Disclaimer and Risk Factors General. This presentation (this “Presentation”) does not constitute an offer or invitation or recommendation for the sale or purchase of securities and has been prepared solely for informational purposes. This Presentation is in no way meant to solicit any action from an
Slide 3: Disclaimer and Risk Factors
Disclaimer and Risk Factors Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TMTG and DWAC assume no obligation and do not intend to update or revise these forward-looking statements, whether as a r
Slide 4: Digital World Acquisition Corp. – Patrick Orlando, Chairman and CEO
Digital World Acquisition Corp. ▪ Chairman and CEO of Digital World Acquisition Corp. ▪ Director of Maquia Capital Acquisition Corp. ▪ CEO of Benessere Capital Acquisition Corp. ▪ CEO of Yunhong International ▪ Former CFO of Sucro Can Sourcing LLC ▪ Former Head of Structuring & Derivatives of BT Cap
Slide 5: Transaction Overview
Transaction Overview Dollars Dollars Key Highlights (in Millions based (in Millions assuming on $10/share) full earnout) ▪ Digital World Acquisition Corp. (“DWAC”) intends to acquire Trump Media & Technology Sources: 2 Group (“TMTG”) at an initial purchase price of $875M in shares of DWAC with a pot
Slide 6: A Mission Driven Organization
A Mission Driven Organization TMTG will fight for the First Amendment protections and freedoms of all Americans, protect democracy, and defend capitalism Our Vision TMTG aspires to create a media powerhouse to rival the liberal media consortium and fight back against the “Big Tech” companies of Sili
Slide 7: Tech Monopoly Censorship Threatens Free Speech
Tech Monopoly Censorship Threatens Free Speech What Happened to Freedom of Speech? ...Liberal tech media outlets flex unilateral power to silence opposing voices U.S. President Taliban Account TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 7 Property of Trump Media & Technology Group Corp.
Slide 8: Market Opportunity To Disrupt Big Tech
Market Opportunity To Disrupt Big Tech What if digital media wasn’t the FAANG monopoly? TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 8 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 9: Corporate Overview
CORPORATE OVERVIEW TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 9 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 10: Trump Media & Technology Group At-a-Glance
Trump Media & Technology Group At-a-Glance $?B $?B 15M 10M Potential Monetizable Long-Term Revenue Potential Subscribers Long-Term Revenue Users Opportunity Opportunity VS VS 1.93B 211M 214M 116M 32M 1 Daily Active Users Average monetizable daily Paid Streaming Paid Streaming US Monthly 1 1 1 2 acti
Slide 11: Investment Highlights
Investment Highlights Social media secular shift TMTG is poised to take advantage of an early-stage secular shift in social media Resilient ecosystem We’re engineering a resilient ecosystem with multiple redundancies supported by cloud-based architecture and a hyper-converged infrastructure Galvaniz
Slide 12: The History of US Media – Political Segmentation
The History of US Media – Political Segmentation Newspapers, radio, and cable TV news have split along ideological lines Will social media soon follow? 1790’s-1850’s 1980’s 1990’s 2021 Newspaper Radio Cable Television Social Media By 1796, two main Starting in 1987 with President June 1980 January 8
Slide 13: An Industry Ripe for Further Segmentation
An Industry Ripe for Further Segmentation TMTG intends to be a fountainhead of support for American freedoms as the first major rival to “Big Tech” 250M 330M 50M 225M US Population US Population US Population US Population 1800’s 1980’s 1990’s 2021 Source: approximate figures according to US Census
Slide 14: Trump's Historic Social Media Following
Trump’s Historic Social Media Following 89M 146M Total Followers 33M 24M . Source: approximate figures as of January 2021 according to Facebook, Twitter and Instagram; total followers may be lower due to overlap across platforms and potential multiple accounts TRUMP MEDIA & TECHNOLOGY GROUP | INVEST
Slide 15: Inclusive "Big Tent" Approach
Inclusive “Big Tent” Approach Trump’s 214M Historic Following Netflix 1 Subscribers 89M 211M Twitter Followers Twitter 1 Average Monetizable Daily Active Usage 33M 32M Facebook iHeart Followers 2 Monthly US Listeners 24M ? Instagram TMTG Subscribers | Users | Listeners Subscribers | Users | Listener
Slide 16: Sizing the Digital Audience
Sizing the Digital Audience Potentially hundreds of millions of users 155M Estimated U.S. Podcast Listeners 55% 214 204 51% Global Paid Subscribers % of Total Population Ages 12+ That (# in millions) 44% Listen To Podcasts 167 40% 36% 139 33% 30% 111 27% 89 71 54 41 1 2013 2014 2015 2016 2017 2018 2
Slide 17: A Massive Market Opportunity
A Massive Market Opportunity Building a “Non-Cancellable” Global Community TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 17 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 18: Building A Balanced, Large-Scale Audience
Building A Balanced, Large-Scale Audience Can TMTG harvest a portion of “Big Tech’s” global audience? Global Ad Based Social Media News | Entertainment Sports | Comedy $4.8B 211M 3 Revenue Average Monetizable 1 Daily Active Usage $27.5B 214M 3 Paid Streaming Revenue 1 Memberships Market Opportunity
Slide 19: Key Advisors
Key Advisors TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 19 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 20: Technology Talent & Infrastructure
TECHNOLOGY TALENT & INFRASTRUCTURE TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 1 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 21: Technology Team
1 Technology Team Prior Experience Leadership . Josh A. Billy B. Vlad N. Ryan L. Steve E. CTO CPO CIO CSO VP Engineering Backend and Structure Tom M. Ryan L. Mortada A. Brandon B. Simo S. Devops Devops Devops/Backend Devops/Backend Devops Chris W. Alex K. Bryan S. Philip L. Daniel M. Database Devops
Slide 22: Infrastructure
Infrastructure . 1 Users 3 DNS Server 5 Load Balancer 7 Database Servers A person, or organization, or system that The Domain Name System (DNS) is the Load balancing is defined as the The term database server may refer to has one or more roles that initiates or phonebook of the internet. When users
Slide 23: Infrastructure
Infrastructure . TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 23 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 24: Property of Trump Not to
TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 5 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 25: Property of Trump Not to
TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 6 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 26: TRUTH Social Mission
TRUTH Social Mission TRUTH Social is America’s “Big Tent” social media platform that will encourage an open, free, and honest global conversation without discriminating against political ideology Our Aspiration TRUTH Social is designed to provide a “Big Tent” alternative to existing social media pla
Slide 27: TRUTH Social Infrastructure
TRUTH Social Infrastructure Threats Applications ▪ Undirected network attacks .▪ NGINX ▪ Targeted activist / political attacks▪ Minio ▪ Nation states▪ Vault ▪ Vendors▪ PostgreSQL ▪ Redis ▪ Backend v1 (Mastodon) Security ▪ Monitoring stack ▪ Technical • Prometheus • Administrative • Grafana • Infrast
Slide 28: TRUTH Social App Store
TRUTH Social App Store . TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 28 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 29: Burgeoning TRUTH Social Could Result In Meaningful Value Creation
Burgeoning TRUTH Social Could Result In Meaningful Value Creation . 1 The Market values Twitter at nearly 6.6x enterprise value to sales A similar multiple would imply meaningful value creation for TRUTH Social $?B $? BILLION $41 Billion (1) Enterprise value to sales multiples are based on 2022E Rev
Slide 30: On-Demand Programming
On-Demand Programming TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 1 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 31: What is TMTG+?
What is TMTG+? TMTG+ plans to be an on-demand streaming service that will provide news, “Big Tent” entertainment, exciting documentaries, sports programming, and more. The American public is seeking “non-woke” entertainment, and TMTG+ will provide content for all to enjoy VS VS VS TRUMP MEDIA & TECH
Slide 32: TMTG+ Production Leadership
TMTG+ Production Leadership Scott St. John As one of the key creative Executives leading the TMTG+ Programming efforts, Scott St. John will be focused on creating “Big Tent” entertainment in the form of unscripted TV series, documentaries, sports programming, and more. St. John is one of the most we
Slide 33: History of President Trump's Entertainment Success
History of President Trump’s Entertainment Success TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 33 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 34: Financial Outlook
FINANCIAL OUTLOOK TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 5 Property of Trump Media & Technology Group Corp. | Strictly Private and Confidential. Not to be distributed to others without express prior consent.
Slide 35: TMTG+ Potential
TMTG+ Potential Could TMTG+ reach 10M subscribers and contribute to a highly valuable enterprise? 1 1 1 1 $ $ $ ?M 11.73 4.16 214M 116M ? Netflix Disney+ TMTG+ Netflix Disney+ TMTG+ Total Subscribers Average Monthly Revenue Per User (# in millions) TMTG+ could deliver a price point closer to that of
Slide 36: Comparable Company Analysis
Comparable Company Analysis 2022 EV / Revenue Mean: 8.1x Median: 6.6x 14.6x 10.1x 9.3x 6.6x 6.1x 5.2x 4.7x $855B $84B $41B $316B $54B $39B $28B Enterprise Value Enterprise Value Enterprise Value Enterprise Value Enterprise Value Enterprise Value Enterprise Value Social Media Subscription Services No
Slide 37: Financial Projection Assumptions
Financial Projection Assumptions 5 Monetizable Users Total Subscribers Total Users projected to reach 81M by 2026 based on results of 2021 Politico Total Subscribers projected to reach 40M by 2026 1 1 1 poll of registered voters Monetizable users projected to grow to 26% by 2026, equating to approxi
Slide 38: Revenue Projections
Revenue Projections Pro Forma Revenue Projections ($ in millions) $3,665.3 TMTG+ $1,843.3 TRUTH Social $835.0 $114.1 $1.0 2022E 2023E 2024E 2025E 2026E Total Users 16M 41M 56M 69M 81M % Monetizable 5% 25% 26% 26% 26% Monetizable Users 0.8M 10.3M 14.6M 17.9M 21.1M ARPU $5.90 $8.90 $12.90 $13.00 $13.5
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