Kraken Robotics Inc · TSXV:PNG
Kraken Robotics — Kraken Robotic Systems — Investor Presentation (September 2019)
36 slides from Kraken Robotics's investor presentation, September 2019
Slide 1: Kraken Robotic Systems Inc. Corporate Overview
Kraken Robotic Systems Inc. World Leaders in Underwater Sensors & Robotics Corporate Overview September 2019 TSXV:PNG 1 Actionable Intelligence™ www.krakenrobotics.com
Slide 2: Forward Looking Statements
Forward Looking Statements Some statements herein contain forward-looking information. The use of any of the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "will," "plans," "project," "should," "target" and similar expressions are intended to identify forw
Slide 3: Reasons to Invest
Reasons to Invest Leader in underwater robotics with leading-edge hardware and software to address military and commercial markets. Recent wins in the military market have validated the technology when put up against global defense companies. Commercial markets (oil & gas, offshore wind, pipeline in
Slide 4: Capitalization Table
Capitalization Table Market Capitalization All figures in C$ million except per share values Share structure as of June 30, 2019 Share price (September 20, 2019) $0.56 Shares outstanding 145.9 Market Capitalization (basic) $81.7 Options 7.4 Warrants 0.6 Fully diluted shares outstanding 153.8 Market
Slide 5: Some of the Problems Kraken Solves
Some of the Problems Kraken Solves Naval Mines Anti Submarine Warfare Underwater Pipelines Seabed Mapping Underwater Infrastructure TSXV:PNG 5 Actionable Intelligence™ www.krakenrobotics.com
Slide 6: Kraken's Business Strategy
Kraken’s Business Strategy DATA ANALYTICS ▪ Recurring Revenue from Data Analytics 2020+ ROBOTICS as a SERVICE ▪ Recurring Revenue from Subsea Data Acquisition UNDERWATER PLATFORMS 2019+ ▪ KATFISH™ – High Speed Towed SAS System ▪ THUNDERFISH® - Untethered AUV System ▪ JELLYFISH™ - Hybrid-ROV System ▪
Slide 7: Kraken's Solutions
Kraken’s Solutions TSXV:PNG 7 Actionable Intelligence™ www.krakenrobotics.com
Slide 8: Go-to-Market / Customer Validation
Go-to-Market / Customer Validation Direct Sales Partnerships TSXV:PNG 8 Actionable Intelligence™ www.krakenrobotics.com
Slide 9: Currently $300M+ of Contract Pursuits
Currently $300M+ of Contract Pursuits International Navy Sonar Upgrades US Navy AUV Upgrades Pressure Tolerant Batteries $125M+ $100M+ $50M+ Supercluster Seabed Mapping Offshore Wind Energy ASW Acoustic Signal Processing $25M+ $10M+ $10M+ TSXV:PNG 9 Actionable Intelligence™ www.krakenrobotics.com
Slide 10: 2019 Sales and Activities to Date
2019 Sales and Activities to Date Sept. 23, 2019 Awarded $2.9 Million KATFISH contract from ThayerMahan Aug. 29, 2019 Awarded $2 Million deep sea battery contract Aug. 13, 2019 ThunderFish® 300 vehicle delivered to Defense Research and Development Canada Aug. 12, 2019 $0.5 million contract for SeaVi
Slide 11: Industry is Consolidating
Industry is Consolidating TRANSACTION DATE ACQUIRER TARGET VALUE June 2019 BAE Systems Riptide Autonomous Solutions assets Undisclosed September 2018 L3 ASV Global Undisclosed September 2017 L3 Ocean Aero $1-5 million (est.) September 2017 L3 Adaptive Methods Undisclosed May 2017 L3 Open Water Power
Slide 12: Ocean Supercluster – RaaS Opportunity
Ocean Supercluster – RaaS Opportunity • Private sector led partnership to boost innovation and modernization across ocean sectors. Major industry contributors: Irving (shipbuilding), PRNL (oil and gas), Emera (renewable energy), Cooke (aquaculture), Clearwater (fisheries), Canada Steam Lines (shippi
Slide 13: OceanVision™ - $20M Ocean Supercluster Initiative
OceanVision™ - $20M Ocean Supercluster Initiative Stakeholder Test & Evaluation 2019 - 2021 KATFISH™ 2019/20 Towbody THUNDERFISH® 2021 GeoStore Baseline Value Add Data AUV Database Development Analytics Development 2019 - 2021 2019 - 2021 TSXV:PNG 13 Actionable Intelligence™ www.krakenrobotics.com
Slide 14: Financials
Financials F2019 Revenue Guidance of $15 million & Profitability FYE December 6 Months ending June 30 GUIDANCE 31 2018 2017 2016 2015 H1/F2019 H1/F2018 2019 Canadian $ Product revenue 2,197,521 3,684,979 6,471,784 2,874,467 2,245,318 1,883,426 Service revenue 509,359 41,668 236,172 659,138 22,500 9,
Slide 15: Contact Us
Contact Us Karl Kenny Sean Peasgood Chief Executive Officer, Kraken Robotics Sophic Capital 709-757-5757 Investors Relations kkenny@krakenrobotics.com 647- 955-1274 sean@sophiccapital.com Greg Reid Chief Operating Officer, Kraken Robotics 416-818-9822 greid@krakenrobotics.com Joe Mackay Chief Financ
Slide 16: Supplementary Slides
Supplementary Slides TSXV:PNG 16 Actionable Intelligence™ www.krakenrobotics.com
Slide 17: Actionable Intelligence for the Digital Ocean™
Actionable Intelligence for the Digital Ocean™ TSXV:PNG17 17 Actionable Intelligence™ www.krakenrobotics.com
Slide 18: Serving the Maritime Robotics Market
Serving the Maritime Robotics Market • Kraken provides underwater sensors, batteries, and robots to military and commercial customers who use them to Image and Map the Seafloor and Subsea Infrastructure in ultra high resolution • 7 year old company with 80 employees in Canada, US and Germany; valida
Slide 19: US$5B Maritime Robotics Market – Key Drivers
US$5B Maritime Robotics Market – Key Drivers MILITARY • Mine Warfare - 500,000 underwater mines • Anti-Submarine Warfare - 400 operational submarines • Intelligence, Surveillance, Recon - Special forces, covert operations, environmental assessment • Resurgence in underwater warfare and emergence of
Slide 20: Synthetic Aperture Sonar Technology
Synthetic Aperture Sonar Technology Ultra High Image Resolution ▪ Constant along/across track resolution of 3cm x 3cm ▪ 15x better compared to Real Aperture Sonar ▪ KATFISH Increased Area Coverage Rate ▪ A-LARS ▪ Up to 4 km2/h ▪ Up to 600m swath ▪ 10x better compared to Real Aperture Sonar Operation
Slide 21: Synthetic Aperture Sonar Technology
Synthetic Aperture Sonar Technology Conventional Sonar vs Kraken’s Sonar – Towrope (50m range) Real Aperture Sonar Kraken AquaPix® SAS TSXV:PNG21 21 Actionable Intelligence™ Actionable Intelligence™ www.krakenrobotics.com www.krakenrobotics.com
Slide 22: Conventional Technology Does Not Compete
Conventional Technology Does Not Compete Conventional Side Scan Sonar Kraken AquaPix® SAS Pixel Resolution: 20cm @ 80m range Pixel Resolution: 3cm @ 80m range TSXV:PNG22 22 Actionable Intelligence™ Actionable Intelligence™ www.krakenrobotics.com www.krakenrobotics.com
Slide 23: AquaPix® Product Line
AquaPix® Product Line ▪ Modular SAS systems ▪ INSAS 1 and 2 for large platforms ▪ MINSAS 60, 120, 240 ▪ Prices range from US$150K to US$500K+ ▪ Have integrated with many AUV platforms TSXV:PNG23 23 Actionable Intelligence ™ Actionable Intelligence™ www.krakenrobotics.com www.krakenrobotics.com
Slide 24: US Navy Foreign Comparative Test Award
US Navy Foreign Comparative Test Award US Navy has awarded Kraken a $900K FCT program to develop a Synthetic Aperture Sonar payload for man-portable AUVs. Have completed successful demo of prototype to USN’s EOD teams. NRE underway. Target to significantly reduce SWaP for deployment. TSXV:PNG24 24 A
Slide 25: Underwater Platforms Overview
Underwater Platforms Overview TSXV:PNG 25 Actionable Intelligence™ www.krakenrobotics.com
Slide 26: KATFISH™ & THUNDERFISH® Platforms
KATFISH™ & THUNDERFISH® PLATFORMS ROBOTICS 2015+ ▪ KATFISH ▪ A-LARS ▪ THUNDERFISH “A” ▪ ACOUSTIC ▪ THUNDERFISH 600 ▪ LASER ▪ OPTICAL TSXV:PNG26 26 Actionable Intelligence™ www.krakenrobotics.com
Slide 27: KATFISH™ - Tethered Underwater Towfish
KATFISH™ - Tethered Underwater Towfish Commercial & Military Certified Versions ▪ Key component in major foreign navy bids ▪ Recent surveys performed under CRADA with US Navy and NOAA ▪ Successful demonstrations at Advanced Naval Technology Expo (ANTX) in USA ▪ Successful integration on Elbit’s Seag
Slide 28: Actionable Intelligence™ www.krakenrobotics.com
TSXV:PNG 28 Actionable Intelligence™ www.krakenrobotics.com
Slide 29: Sensors - World 1st: Full Colour 3D Underwater Laser
Sensors - World 1st: Full Colour 3D Underwater Laser 29 TSXV:PNG 29 Actionable Intelligence™ www.krakenrobotics.com
Slide 30: SeaVision Inspections – Mooring Chain, Ship Hull, etc.
SeaVision Inspections – Mooring Chain, Ship Hull, etc. Underwater Crawler Inspection Class ROV Work Class ROV TSXV:PNG 30 Actionable Intelligence™ www.krakenrobotics.com www.krakenrobotics.com
Slide 31: Maritime RaaS Offers Compelling Value Proposition
Maritime RaaS Offers Compelling Value Proposition Conventional RaaS Operator Benefit $150,000 per day $20K per day Significantly Lower Opex 60 Survey / Ops Personnel 4 Ops Personnel Mitigates Operational HSSE Emergency Response: Emergency Response: Mitigates Production 72 Hours Immediate Losses and
Slide 32: Maritime Robotics as a Service (RaaS)
Maritime Robotics as a Service (RaaS) TSXV:PNG32 32 Actionable Intelligence™ Actionable Intelligence™ www.krakenrobotics.com www.krakenrobotics.com
Slide 33: Tentacle® Winch & ALARS
Tentacle® Winch & ALARS Designed and developed by Kraken’s Handling Systems Group in Nova Scotia ▪ Highly intelligent electric winch and ALARS which can adjust cable scope through active feedback from underwater towed platform ▪ Intelligently communicates with KATFISH for motion compensation and bot
Slide 34: Management & Technical Team Depth
Management & Technical Team Depth Karl Kenny, President & CEO • Ex-Canadian Navy maritime surface officer and Microsoft employee pre-public company • 20 year history in imaging technologies having founded 3 companies Greg Reid, Chief Operating Officer • 20+ years of finance, investment, and business
Slide 35: Board of Directors
Board of Directors Karl Kenny, President & CEO Vice Admiral Mike Connor, Board of Directors • CEO of ThayerMahan and Former commander of U.S. submarine force from September 2012 until September 2015. • 35 year US Navy veteran Moya Cahill • CEO and co-founder of PanGeo Subsea, a technology and servic
Slide 36: Actionable Intelligence™ www.krakenrobotics.com
TSXV:PNG 36 Actionable Intelligence™ www.krakenrobotics.com
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