Jet.ai Inc. · NASDAQ:JTAI
Jet.ai — Oxbridge Acquisition — SPAC Merger (May 2023)
26 slides from Jet.ai's SPAC merger presentation, May 5, 2023
Slide 1: Business Combination Presentation
JET.AI O — OXAC Business Combination Presentation May 5, 2023
Slide 2: Disclaimer
Disclaimer JET.AI let tna poss elas sat ange. he wernt ca rer nlerstoncananed hrc, Onde Aegan arp OAC “oa a a ne Toke’) snme ro oho ed steconerdatno ops a sod mth espa tne Ts tensors ppiee toon ate dloare steroid se eseaactans nn uieraton at SR a yang aes thin he sting oe tl cs as wh ep 0 he pd Want
Slide 3: 30 second promotional video
30 second promotional video https://youtu.be/HRc3qbwcEFM JET.AI
Slide 4: Transaction Summary
Transaction Summary JET. A! JET.AL Transaction Details JetAl Inc. develops software and offers fractional aircraft = OXAC has $12.8 million in trust ‘ownership, jet card, aircraft brokerage and charter through Transaction 100% existing Jet Al equity holder's rollover its leet of private aircraft and
Slide 5: Investment Highlights
Investment Highlights JET.A ——— a a) Sy i ie ie 2022YE revenues of $21.8M versus $1.1M in 2021, representing over 1,800% increase, YoY New revenue opportunity in private aviation Al for B2B and B2C Capital light approach to private aviation Seasoned industry management team Substantial retail invest
Slide 6: The Jet.AI Team
The Jet.Al Team JET.AI ral & George Murnane, CEO | George has over thirty years of experience in aviation and is a pilot with commercial, instrument and multi-engine ratings. He was formerly the CEO of ImperialJet and COO of Vistalet. (BA U. Penn, MBA Wharton) Mike Winston, CFA Founder, Executive Ch
Slide 7: About Jet.AI
About Jet.Al Jet.Al operates along two segments, Software and Aviation. The Software segment features the B2C CharterGPT app and the B2B Jet.Al Operator platform. The CharterGPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet.Al operat
Slide 8: Jet.AI Aviation Division: Capital Light Business Aviation
Jet.Al Aviation Division: Capital Light Business Aviation JET.AI Our Aviation Division Operates Five Scalable Activities S i Aircraft / Fraction Sales Jet Card Sales On-Fleet Charter Onboard Program Buyer Brokerage We provide a comprehensive solution for an array of customers, from low time charter
Slide 9: Jet.AI Aviation Division (1/5): Aircraft Sales
Jet.Al Aviation Division (1/5): Aircraft Sales JET.Al Aircraft / Fraction Sales Our team has extensive experience with the aircraft sales process via positions at business jet manufacturers, large charter operators, and financial institutions
Slide 10: Jet.AI Aviation Division (2/5): Jet Cards
Jet.Al Aviation Division (2/5): Jet Cards JET.Al Sell block time of flight hours up front we Recognize revenue as hours are flown Jet Card Sales Jet cards available for 30 aircraft (4 Jet.Al) - HondaJet to G550 With a wide variety of available aircraft, and interchange capability, Jet.Al can match t
Slide 11: Jet.AI Aviation Division (3/5): On-Fleet Charter
Jet.Al Aviation Division (3/5): On-Fleet Charter JET.Al t.Al aircraft by the hour On-Fleet Charter The Jet.Al fleet, composed of fuel-efficient light jets, is a popular and cost - effective solution for regional ad-hoc charter missions.
Slide 12: Jet.AI Aviation Division (4/5): Onboard Program
Jet.Al Aviation Division (4/5): Onboard Program JET.AI Onboard Program Alongside our operating partner, Jet.Al provides a white glove solution to current aircraft owners.
Slide 13: Jet.AI Aviation Division (5/5): Buyer's Broker
Jet.Al Aviation Division (5/5): Buyer’s Broker JET.AI Buyer's Brokerage Our aircraft transaction experience coupled with our industry relationships provides for a hands-off and hassle-free acquisition process for our customers.
Slide 14: Jet.AI Fleet Software Solutions
Jet.Al Fleet Software Solutions JET.AI Our software suite has five scalable components, customers may mix and match. Reroute CharterGPT FLIGHT CLUB DynoF Light Powered by Jet.Al Powered by Jet.Al POWERED BY JET.Al Powered by Jet.Al Intelligent Fleet Al-Powered Charter By The Seat Business Jet Carbon
Slide 15: Reroute
Reroute Powered by Jet.Al yasted empty leg into an opportuni changing the d Reroute searches for published empty legs by partner operators and optimizes which aircraft to utilize for the requested city pair. Potential for significant cost savings for consumer and incremental margin increases for ope
Slide 16: CharterGPT
CharterGPT Powered by Jet.Al My Trips 12:00PM Ni23Ps peri We expect to launch CharterGPT in advance of the closing of the proposed Business Combination. The consumer facing app will be available in both the caoorm Android and iOS stores, respectively osusPM
Slide 17: CharterGPT
CharterGPT JET.Al Powered by Jet.Al The back-end functionality of CharterGPT utilizes Al to automate what is traditionally the manual processes of charter brokerage.
Slide 18: Flight Club
FLIGHT CLUB POWERED BY JET.AI FLIGHT CLUB Flight Club provides an additional revenue and operational option for business aircraft. It also provides vetted customers with a significantly less expensive pathway to business jet travel Reserve Seats Aircratt Number of Passengers: JET.Al
Slide 19: DynoFlight
DynoF Light Powered by Jet.Al JET. Al Enables av bon emissions, and to trar DynoFLight seesord ian usta cxtsn Tack sens Deshbosrd Delivers certificates of offset to customers ‘Welcome to DynoFlight Dot atone youtomenter your tests cobanctptndpuchae cen eats tom ore comin mina High-quality credits ©
Slide 20: Card Management and Billing
Card Management and Billing Customer portal to view current utilization Book future flights directly from portal View invoices and remit payment directly from Portal Our white label solution can help a charter operator make the leap to selling jet cards with minimal friction. Profile Surman che re l
Slide 21: Financial Overview & Sources & Uses
JET. Al Financial Overview & Sources & Uses 2
Slide 22: Financial Summary
Financial Summary $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 so -$5,000 $10,000 $(271) 2021 mIFYE Revenues Jet.Al Summary Financial Results Fiscal Year-End December 31, 2021 & 2022 $(1,246) FYE Gross Profit, $21,863 2022 MIFYE Net Income (Loss) (Excluding Stock Comp) JET. Al $(3,075) 2
Slide 23: Valuation Benchmarking
Valuation Benchmarking JET.AI edi, 398 so i a _ See 38 2% am f = Median, 2.1% a r aaa nevor otis VEDA = snaseo orouna o ? — ote Gove oan am asx on Medin,228 Medan, 18 / stein ze tx ax —_ a a eer as _ eee / ie ose 13s REKOR ‘enoisco, eon o Lseeecaptseraanes q.. coon Gory AT eae 2B
Slide 24: Transaction Sources & Uses
Transaction Sources & Uses JET.Al Pro Forma Valuation Illustrative Sources & Uses (in millions, except per share data) Sources Share Price $10.00 Jet.Al Equity Rollover $45.0 (x) Pro Forma Shares Outstanding Cash from Trust 128 Equity Value") 5. Sponsor Promote 288 (+) Net Debt (.) Cash from Trust E
Slide 25: Q&A
Q&A JET.AI
Slide 26: Disclaimer
Disclaimer JET.AI let tna poss elas sat ange. he wernt ca ne Toke’) snme ro oho rer nlerstoncananed hrc, Onde Aegan arp OAC “oa a a ed steconerdatno ops a sod mth espa tne Ts tensors ppiee toon ate dloare steroid se eseaactans nn uieraton at Spat’ eat ender “ops pn may su ‘nce oer nectar an umpires