Venhub Global, Inc. · NASDAQ:VHUB
Venhub Global — SPAC Merger (December 2024)
37 slides from Venhub Global's SPAC merger presentation, Dec 3, 2024
Slide 1: Investor Presentation December 2024
Exhibit 99.2 Investor Presentation December 2024
Slide 2: Disclaimer
Disclaimer This presentation (together with oral statements made in connection herewith, this “Presentation”) is for informational purposes only. This Presentation has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between V
Slide 3: Disclaimer: Forward Looking Statements
Disclaimer Forward Looking Statements Certain statements included in this Presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generall
Slide 4: Today's Presenters
Today’s Presenters Mike Minnick Shahan Ohanessian Nader Kabbani Matt Hidalgo Chief Executive Officer of TGAA Chief Executive Officer Senior Advisor Chief Financial Officer 4
Slide 5: Target Global Acquisition I Corp. Overview
Target Global Acquisition I Corp. Overview Overview Exchange/Ticker NASDAQ: TGAA Focus Technology 1 TGAA Cash in Trust $20.4M Warrant Coverage 33.3% IPO Pricing Date December 9, 2021 2 SPAC Terms Expiration: December 9, 2024 1. Based on the 8-K filed on July 11, 2024 2. Currently expires on December
Slide 6: Key Investment Highlights
Key Investment Highlights Disruptive AI & Robotics Technology Industry altering product poised to revolutionize consumer behavior 1 Sizeable Total Addressable Market Over $2 trillion end-market across convenience stores, traditional retail, and gas stations, which is global in nature 2 Large Pre-ord
Slide 7: Our Retail Automation Investment Thesis
Our Retail Automation Investment Thesis Tightening Labor Markets and Rising Wages Are Driving the Need for Automation 1 2 Labor Market Forecasts Wage Growth Measure, % YoY Change Unemployment Rate Labor Participation Rate 7.0% 10% 65% 6% 61% 5.0% 4.6% 0% 55% 2.0% 2017 2018 2019 2020 2021 2022 2023 R
Slide 8: Transaction Overview
Transaction Overview Business Combination Structure • TGAA intends to complete a business combination (the “Business Combination”) with VenHub Global Inc. (“VenHub”), fully autonomous and robotic-operated convenience stores utilizing advanced technologies such as AI and smart inventory management •
Slide 9: Company Overview
COMPANY OVERVIEW VenHub
Slide 10: VenHub Smart Store – An Innovative Retail Solution
VenHub Smart Store – An Innovative Retail Solution Introduction Video 10
Slide 11: Proposed Leadership Team of the Combined Company
Proposed Leadership Team of the Combined Company Management Team Shahan Matt Nader Dr. Ryan Ohanessian Hidalgo Kabbani Hannigan Chief Executive Officer Chief Financial Officer Senior Advisor Principal Software Engineer 1 Anticipated Board of Directors Shahan Jeffrey Shoushana Ohanessian Rubin Ohanes
Slide 12: VenHub's Storefront: Key Smart Store Features
VenHub’s Storefront: Key Smart Store Features 2 24/7 security Key Highlights monitoring Energy efficient lighting and Branding panel cooling systems operate 24/7 Proprietary Self-contained unit designed for both indoor and outdoor use Modular Design Which can flex in size into 2x-3x or greater store
Slide 13: VenHub's Innovative Offerings
VenHub’s Innovative Offerings Traditional C-Store Offering Expected VenHub Offering High Barrier to Entry Reliable Delivery Limited Store Hours 24/7 Operation Inefficient Inventory Management Inventory Optimization Observed Insights Data-Driven Insights No Cashier Costs High Cashier Labor Costs Enha
Slide 14: VenHub by the Numbers
VenHub by the Numbers About Us 24/7 2023 20 Pasadena, Creating a R&D Team California 24/7Autonomous Members Commenced Headquarters Smart Store Key Operating Metrics 1 48 18 1,000+ >$300M States with Filed or In Progress Patent Customer In Potential Revenue from Applications (with Plans to File Pre-O
Slide 15: VenHub's Unique Robotic Arms Technology
VenHub’s Unique Robotic Arms Technology Robotic Arms Manufactured by a Leader in the Global Robotics Industry Key Highlights ✓ Proprietary firmware for controlling motors 1 within 1 -2mm of accuracy ✓ Delivery optimization based on synchronous, caching and hierarchy software design for picking, sort
Slide 16: VenHub's Cutting Edge Vision System
VenHub’s Cutting Edge Vision System Key Vision System Features Key Highlights – Product Picking ✓ State-of-the art image segmentation and point-cloud generation to determine product positions with 1-2mm Robotic Vision Robotic Vision accuracy Camera View Camera View for Robot One for Robot Two ✓ In-h
Slide 17: VenHub's Unique Intellectual Property Portfolio
VenHub’s Unique Intellectual Property Portfolio Key Statistic 18 Robotics Automation Patents applications with plans to file additional patent applications • Pneumatic end effector system• Autonomous product management: handling, storage and delivery • Integrated retail shelves system: display, inst
Slide 18: Pre-order Geographical Footprint
Pre-order Geographical Footprint VenHub has secured 1,000+ orders in mainland U.S. and plans to supply this demand through its nationwide distribution and fulfillment network, with plans to expand globally Europe Latin America Asia Urban Locations VenHub is planning to Suburban Locations generate pr
Slide 19: Benefits of Variable Store Formats
Benefits of Variable Store Formats VenHub will offer a variety of avenues for monetization, ensuring a robust and sustainable business model Fixed Smart Mobile Smart Modernized Retro Stores Stores– Fit Stores • Self-contained unit designed • A mobile VenHub Smart Store • A VenHub retrofit can for bo
Slide 20: VenHub's Data Driven Store Owner Platform
VenHub’s Data Driven Store Owner Platform 1 Smart Components App Interface STORE OWNER Expect all smart components (robots, rails, delivery units, etc.) will be monitored, and emergency + maintenance + repair notifications will be sent via the app Data Capture MEASURE ANALYZE OPERATE Inventory Inven
Slide 21: VenHub's User Friendly Customer Application
VenHub’s User Friendly Customer Application 1 Customer Application Key Features User application expected to allow customers to: User ✓ Download VenHub app and sign in with email, Google, Apple, or Version Microsoft ✓ Place orders via any connected device and their purchases will be ready within min
Slide 22: Security is A Priority for VenHub
Security is A Priority for VenHub 1 Key Security Features Physical ✓ Comprehensive Surveillance: Advanced security cameras and motion detection systems to be installed inside and outside the unit ✓ Enhanced Security Features: To be equipped with vibration sensors, bulletproof glass, body sensors, an
Slide 23: Market Opportunity & Growth Strategy
MARKET OPPORTUNITY & GROWTH STRATEGY 23
Slide 24: Large Addressable Market with Global Reach
Large Addressable Market with Global Reach Key Market Statistics $112.1B $44.3B $1.6B 70% 95% Retail shrinkage, which includes theft, The global market size for retail The global unmanned Retailers plan to fully or By 2025, AI is projected to accounted for $112.1B in losses in 2022, automation is ex
Slide 25: VenHub Offers a Compelling Value Proposition
VenHub Offers a Compelling Value Proposition Legacy Convenience Stores 1 Cost to Build Per Unit $250k $750K - $1.5M 2 Annual Employee Costs $0 ~8% of revenue Build Cost per SKU $312 - 1 Installation Time 7 Days 12 – 16 Months 1 Inventory 300 – 1,600 SKUs 300 – 1,000 SKUs 1 Footprint (sq. ft.) ~200 (
Slide 26: Potential Levers for Future Growth
Potential Levers for Future Growth Larger Stores • Increased SKU capacity Store Format Expansion • Retrofits • Mobile • 24/7 express store Technology • EV charging station • Autonomous partners Mobile Robot (AMR) Strategic Partnerships • Solar • Package storage lockers Product Type Expansion • Pet f
Slide 27: Financial & Business Combination Overview
FINANCIAL & BUSINESS COMBINATION OVERVIEW 27
Slide 28: Diversified Business Model with Potential for Deep Recurring Revenue
Diversified Business Model with Potential for Deep Recurring Revenue Hardware Software-as-a-Service Maintenance Additional Revenue Streams • Sales of autonomous retail • Subscription based monthly • Monthly fee for maintenance of • Advertising & brand stores fee the stores, technology, and partnersh
Slide 29: VenHub Delivers Value to All Stakeholders
VenHub Delivers Value to All Stakeholders Breakeven threshold reasonably achievable and leads to attractive store owner economics Smart Store Head-to-Head Breakeven Analysis Comparison 1 Interest Expense $23.8k Strategic Owned VS Self Check Out Store 1 Principal Amortization +$35.7k 1 Power & Utilit
Slide 30: VenHub's Future Facilities Overview
VenHub’s Future Facilities Overview VenHub is in the process of developing its first aggregation facilities in the west coast and the east coast Mega Centers Micro Centers Geographical Footprint • Will serve as the primary hub for production • Main purpose is to support the operational (1) Mega Cent
Slide 31: Illustrative TGAA Transaction Framework
Illustrative TGAA Transaction Framework Implied Sources & Uses Transaction Highlights Deal Structure Sources ($M) Uses ($M) • VenHub shareholders rolling 100% of their equity and will own a pro forma equity ownership of 89.0% before impact of warrants or earnout VenHub Rollover Equity $650.0 Equity
Slide 32: VenHub is Focused on Profitability and Cash Flow Generation
VenHub is Focused on Profitability and Cash Flow Generation Attractive valuation with positive cash flow margins relative to negative operating metrics for most of the peer group Core Comparison Key Private Market Peers At De-SPAC T+1 Q4 At De-SPAC At Year End 2023 1 1 (T+1) Annualized Robotics Robo
Slide 33: Risk Factors
Risk Factors • The pre-orders for VenHub Smart Stores, while indicative of market interest, are not legally binding and do not guarantee future sales. There is significant uncertainty regarding the fulfillment of these pre-orders due to various factors including manufacturing capabilities, supply ch
Slide 34: Risk Factors
Risk Factors • Misclassification or reclassification of VenHub’s independent contractors could increase VenHub’s costs and adversely impact its business. • VenHub’s business plans require a significant amount of capital. VenHub’s future capital needs may require it to sell additional equity or debt
Slide 35: Risk Factors
Risk Factors • VenHub is subject to cybersecurity risks to its operational systems, security systems, infrastructure, integrated software in its products and data processed by it or third-party vendors. • VenHub is subject to evolving laws, regulations, standards, policies and contractual obligation
Slide 36: Risk Factors
Risk Factors • TGAA shareholders may be held liable for claims by third parties against TGAA to the extent of distributions received by them upon redemption of their shares. • If TGAA is deemed to be an investment company under the Investment Company Act, TGAA may be required to institute burdensome
Slide 37: VenHub