Real Messenger Corporation · NASDAQ:RMSG
Real Messenger — SPAC Merger (March 2023)
33 slides from Real Messenger's SPAC merger presentation, Mar 28, 2023
Slide 1: Real Messenger Investor Presentation - March 2023
messenger Investor Presentation - March 2023
Slide 2: Disclaimer 1/2
Disclaimer 1/2 ‘About this Presentation This investor presentation (this “Presentation’ relates toa proposed business combination (the “Business Combination’) between Nova Vision Acquistion Corp. (NOVA) and Real Messenger Holdings Limited, a Cayman Islands exempted company (the “Company” or REAL’).
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 S-X. Such information and data may not be included in, may be adjusted in, or may be presented iferently in the proxy stat
Slide 4: Presenters
Presenters ul Thomas Ma Chief Executive Officer & Co-Founder Téa messenger Fredrik Eklund Chief Visionary Officer & Co-Founder messenger Kamal Shaik Chief Data Officer messenger Eric Wong Chief Executive Officer Nova Vision Acquisition Corporation Director Nominee messenger Patrick Ngan Ss Chairman
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. Yea 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. (GD) feat messenger
Slide 8: We consume real estate information
we consume real estate infor At Realesseng lieve that real estate should be a fun and joyful expétience for everyone. No mai your realestate jo ntails, we are dedicated to bringing the thrill and excitement back, Our goalis to tun dream house into a reality and make every step of the way a fun one.
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 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, curated content ensures that only the most relevant and
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: revolutionjging real estate communication Real estate is a complex and competitive industry that requires clear and effecti dedicated chat app ean provide numerous benefits, such as real-time messaging, gration with other real estate SoftWare, The app can Offer a secure
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
Acommon 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 (J Share your Commision PICK ONE
Slide 18: Real Messenger was founded on the principle of creating value for the community
Réal 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 éontent 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 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, s
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 a a Ownership e ° e Schools .. ° Transactions . ° cimenen Mortgage Data Valuation Téa maseenger Hazards
Slide 22: Proprietary dynamic data from RealAI
Proprietary dynamic data from RealAl ha al data Includes user reactions and engagements such as likes, comments, shares, clicks, view duration, and interactions with others, This is the primary feedback loop to train the RealAl engine, User-generated content Offers a constant stream of carefully cur
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 @ Domain Proprietary Data Consumption of Generation
Slide 24: Visionary Management Team
Visionary Management Team Thomas Ma Cchiet Executive Officer & Co-Founder Thomas co-founded REAL to ‘empower realestate agents through technology. His global perspect shaped by hi uabninging ia Hang ong and the United Kingdom, has ven him to create a platform that riot only meets local needs but als
Slide 25: Making headlines: Our press coverage
Making headlines: Our press coverage inman "We recognize how important i is fo presence and stand out in the ind Real has the moay to make agents go vial, now it needs adoption” ents to elevate their today. REAL is an ‘exciting new way for agens to grow their networks, generate leads, and stay conne
Slide 26: Capturing the moment - event
Capturing the moment - event i ‘THE SOCIAL TRAN: OF THE MODggN REAL
Slide 27: Fact sheet
Fact sheet " 350,000+ A __ downoans AVERAGE SESSION TIME peste visit or app session @ 10:02 mins @ Tilowcom 6:27 mins 1 Realtorcom 5:48 mins Apartments.com 5:18 mins = Trulia.com 48 mins @ Retfincom 4:37 mins We are in 39 COUNTRIES AVERAGE TIME SPEND er daly active users 14:16 mins Trusted by agents
Slide 28: Real estate's massive market
Real estate's massive market REAL TAM breakdown Largest asset class - Real Estate ~$19B,, Real estate Productivity Data and Al advertising and Branding revolution market US. morkee Us. market Ge norlen
Slide 29: Subscription based SaaS model
Subscription based SaaS model Virtual Assistant Data Analytics Branding ‘* Advance audio and video call functions. * Advance team collaboration tools © Who viewed your profile © Streamlined direct messaging * Data exports for all messages © Extra file storage * Verified badge © Customizable branding
Slide 30: Financial Forecast
Financial Forecast USsM Years ended December 31st, 2022E «= 2023F_~=—2024F = 2025F = 2026F = 2027F | Growth assumptions Total Revenue - 0.3 15.9 110.1 449.4 1,286.0 Social network virality Gross Margin . 0.2 14 76.8 314.0 898.9 drives user growth ‘of Revenue 0x 65.5% 69.7% 69.8% 69.9% 69.9% Operatin
Slide 31: Public Comparables - Valuation Metric
Public Comparables - Valuation Metric 2024F Total Enterprise Value 7 Revenue Multiple (x) 2) 9.4x, 120% 115K 95x Median: 9.5x 62k wessenver @reacroup rightmove® ChoosarGewp ‘[Scoutaa Zillow wena stra ww ws) ‘Geman wus) 2025F Total 10.9x 40d Enterprise Value 79% Median 7 Revenue pe Multiple (x) car M
Slide 32: Transaction Summary
Transaction Summary Pre-money Enterprise Value of US$150 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 shareholder
Slide 33: Thank you
feal messenger Thank you Investor Relations ir@real.co info@novavisionacquisition.com - |