Moving Image Technologies, Inc. · AMEX:MITQ
Moving Image Technologies — IPO Roadshow (July 2020)
33 slides from Moving Image Technologies's IPO roadshow presentation, Jul 20, 2020
Slide 1: IPO Presentation July 2020
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS IPO Presentation July 2020 Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Dated July 17, 2020 Registration Statement No. 333 - 234159
Slide 2: Disclosure
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Disclosure This Presentation (the “Presentation”) contains sensitive business and financial information . It is being delivered on behalf of the Company by Boustead Securities, LLC (“BSL”) . The sole purpose of this Presentation is to assist the
Slide 3: Disclosure: Risk Disclaimer and Forward-Looking Statements
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Disclosure Risk Disclaimer for Supplemental Offering Materials Based on FINRA Investor Alert Regarding Private Placement Risks This is a private offering not registered with the United States Securities and Exchange Commission or any state . The
Slide 4: Investment Highlights
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Investment Highlights • MIT is looking to build upon its leadership position in the design, manufacturing, integration, installation and distribution of a full suite of proprietary and custom designed equipment as well as other off the shelf cine
Slide 5: Company Background
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Company Background • Founded in 2003 by senior management team of industry veterans • Over 17,000 integrated systems sold in North and South America. • Our customers include almost all of the major North American - based theater chains (Cinemark,
Slide 6: Cinema Box Office Growth vs. Technology Trends
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Cinema Box Office Growth vs. Technology Trends (source: Cinemark)
Slide 7: Effectiveness of storytelling in cinemas
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS • Recent study shows the positive response and effectivity of story telling in cinemas over viewing movies at home. • 90% - a more satisfying experience • 63% vs 35% talk about movie after • 81% - a better experience in theater • 73% vs 50% held
Slide 8: Our Market
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Our Market Market Focus: commercial cinema, multi - use auditoriums, post - production facilities and high - end residential (industry VIPs) We believe the industry is in the early stages of a cyclical growth and capital spending cycle • Commerci
Slide 9: Our Market (cont.): New Theater Construction
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Our Market (cont.) New Theater Construction -- MIT participated in ~25% of the ~3,100 new or upgraded theaters in 2019 in the USA . • Projection, sound • Seats, screens • Finishes, lighting • Consulting, project management • Installation • Work w
Slide 10: Our Market (cont.): Existing Theater Upgrade and Refurbishing
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Our Market (cont.) Existing Theater – Upgrade and Refurbishing • Replacement cycle on first generation digital projection gear starting in 2017/2018 [10 - year usable life] • Upgrades to recliners, immersive audio • Screen size increases, PLF (Pr
Slide 11: Asian Market Opportunity
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Asian Market Opportunity MIT currently has no presence in Asia • From 2014 - 2019, revenue for Cinemas in China has increased at an annualized 14.0%, to total $9.83 billion.* • China’s Wanda Film announced in April 2020 that it intends to develop
Slide 12: Covid Effect on Movie Theater Industry and MIT
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Covid - 19 effect on Movie Theater Industry and MIT • Mid - March 2020 all theaters closed down • Customers stopped paying bills, delayed orders • Studios delaying release of major “tentpole” movies • Theaters reopening mid to late summer 2020 •
Slide 13: Market Opportunity – Replacement Cycle
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Market Opportunity – Replacement Cycle • Commercial cinemas are now on 10 - 15 yr technology replacement cycle • Obsolescence and upgrades will likely be the new normal to stay competitive • 3,100 Series 1 projectors/servers will likely need to b
Slide 14: Our Products & Services
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Our Products & Services • Manufactured Products • New Proprietary Products • Proprietary Services • Licensed third party products There is no guarantee that any specific outcome will be achieved. Past performance is not indicative of future resul
Slide 15: Proprietary Manufactured Products: Energy Management and Lighting
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Proprietary Manufactured Products Energy Management Power Sequencing and Filtering LED Lighting Efficient, Accurate Lighting and Dimming for Auditoriums IS - 30 IS - 20D ALF ALMS For illustrative purposes only. There is no guarantee that any spec
Slide 16: Proprietary Manufactured Products: Projection Supports & Automation
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Proprietary Manufactured Products Projection Supports & Enclosures Designed for System Integration and Architectural Design Flexibility Automation Systems Supporting Automated Cinema Operations Micropod IMC3J IMC2e 3D XL Mover S2 Pedestal S4 Pede
Slide 17: New Market Opportunity – Multi-language Captioning
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS New Market Opportunity – Multi - language Captioning • Any language, including sign language • Outreach to non - English speaking movie going population • Recurring revenue/subscription service • Satisfies ADA requirement for hearing and vision d
Slide 18: Projection Systems
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Projection Systems MIT is a reseller of NEC and Barco projectors - Xenon - Laser Phosphor - RGB Laser Texas Instruments DLP Technology For illustrative purposes only. There is no guarantee that any specific outcome will be achieved. Past performa
Slide 19: Software as a Service (SaaS) Products
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Software as a Service (Saas) Products Cinergy™ • Cloud hosted, enterprise software for cinemas • Monthly subscription based • Monitoring, content scheduling, asset tracking, key delivery • Much higher margins than our traditional products CineQC™
Slide 20: Services
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS SERVICES Commercial Cinemas, Post - production, Screening Rooms Custom - Engineering,Fabrication, Integration NOC and Remote Service • Subscription based, monthly service • Consumables, spares, onsite service and new sales generation • Leverages
Slide 21: Licensed Products & Systems
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Licensed Products & Systems We have relationships with almost all of the major providers of cinema equipment; their equipment is used along with our own in our systems integration projects For illustrative purposes only. There is no guarantee tha
Slide 22: Direct View LED Screens
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Direct View LED Screens • Disruptive product/technology • 100,000 hour life - span vs. 30,000 hours for laser projection • Unprecedented improvement in image quality • MIT has developed integration relationships with approved providers, Samsung a
Slide 23: Commercial Cinema Customers
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Commercial Cinema Customers For illustrative purposes only. There is no guarantee that any specific outcome will be achieved. Past performance is not ind ica tive of future results. Investments may be speculative, illiquid and there is risk of to
Slide 24: Specialty and Other Customers
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS • Rock & Roll Hall of Fame, Cleveland, OH • Director’s Guild of America, West Hollywood, CA • UCLA Film School, Los Angeles, CA • Canada’s Wonderland, Toronto, Canada • Princeton University, Princeton, NJ • Lionsgate Films, Santa Monica, CA • Wal
Slide 25: Recent Acquisition - Caddy Products
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Recent Acquisition - Caddy Products • Designs and sells proprietary cupholder and other seating - based products and lighting systems, including Covid mandated plexiglass partitions • Holds 20 patents • Acquired by MIT in July 2019 • Leader in th
Slide 26: Growth Plan
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Growth Plan • Aim to emphasize higher margin, proprietary products and solutions • Translation glasses, SaaS products and services to enhance theatre operations, Caddy aisle, step, and wall lighting • Aim to increase our customer base beyond Nort
Slide 27: The Team
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS The Team • Phil Rafnson: Chairman: founder MTS, $60M revenue cinema equipment supplier, sold to Soundelux . F ormer President, ICTA • Glenn Sherman: CEO: Former CEO of Christie, founder and CEO of Laser Power (NASDAQ: LPWR), acquired by II - VI,
Slide 28: Financial Summary: Balance Sheets Pre and Post IPO
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Financials are estimated, unaudited and may be subject to change. There is no guarantee that any specific outcome will be achie ved. Past performance is not indicative of future results. Investments may be speculative, illiquid and there is risk
Slide 29: Q3 FY2020 vs. Q3 FY2019 and FY2019 vs. FY2018
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Q3 FY2020 vs. Q3 FY2019 • Sales Increase 15% • Maintaining Higher Margins vs FY 19 • Increase in G&A primarily due to IPO related expenses • $131,000 Caddy Intangible Amortization/Interest Expense Full Year FY2019 vs. FY2018 • Sales decrease impa
Slide 30: Use of Proceeds
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Use of Proceeds • Expansion of sales and marketing activities • Entry into new markets such as the EU, South America, Asia • Potential acquisitions (roll up) • We now have our public stock to use as currency • Increased working capital to fund re
Slide 31: Investment Highlights
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Investment Highlights • MIT is looking to build upon its leadership position in the design, manufacturing, integration, installation and distribution of a full suite of proprietary and custom designed equipment as well as other off the shelf cine
Slide 32: Selected Risks Associated with Our Business
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Selected Risks Associated with Our Business Our business is subject to a number of risks and uncertainties, including those highlighted in the section titled “Risk Factors” in the prospectus included in the registrations statement filed with the
Slide 33: Thank You
MOVING iMAGE TECHNOLOGIES YOUR DIGITAL CINEMA EXPERTS Thank You For more information please contact: Keith Moore, CEO Boustead Securities, LLC (949) 295 - 1580 keith@boustead1828.com Dan McClory, Head of China and Equity Capital Markets Boustead Securities, LLC (949) 233 - 7869 Dan@boustead1828.com