Wejo Group Limited · OTC:WEJOF
Wejo — SPAC Merger (January 2023)
25 slides from Wejo's SPAC merger presentation, Jan 12, 2023
Slide 1: Investor Presentation January 2023
© Wejo Ltd. Investor Presentation January 2023 1
Slide 2: Disclaimer (1/2)
© Wejo Ltd. Disclaimer (1/2) Disclaimer This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between TKB Critical Technologies 1 (“TKB”) a
Slide 3: Use of Projections
© Wejo Ltd. Use of Projections The financial and operating forecasts and projections of Wejo contained in this Presentation represent certain estimates of Wejo as of the date thereof. Wejo’s independent public accountants have not examined, reviewed or compiled the forecasts or projections and, acco
Slide 4: Company Overview
© Wejo Ltd. Company Overview 4
Slide 5: Introduction to Wejo / TKB Critical Technologies I Opportunity
© Wejo Ltd. Introduction to Wejo / TKB Critical Technologies I Opportunity 5 Wejo Team TKB Critical Technologies I Team T R A N S A C T IO N O V E R V IE W Capital Structure Transaction Structure ⚫ Wejo (NASDAQ: WEJO) has entered into a business combination agreement with TKB Critical Technologies 1
Slide 6: Executive Summary
© Wejo Ltd. Executive Summary Wejo is the clear leader in a high-growth market, has a track record of execution, has reached an inflection point of growth in the business, and with this transaction, has taken a major step towards being fully capitalized through cash flow breakeven Major Step Towards
Slide 7: 2022 Accomplishments
© Wejo Ltd. 2022 Accomplishments Revenue Growth • Achieved 200-300% revenue growth for 2022 • Awarded four US state DoT contracts • Built first major OEM SaaS relationship • Pivot to higher margin solutions Cost Cutting • Reduced quarterly operating cash burn • Lower headcount with focus on ROI and
Slide 8: 2023 Targets
© Wejo Ltd. 2023 Targets Revenue Growth • Continue 200-300% growth rate towards $20-30M revenue target • Starting year with ~$10M of 2023 revenue in backlog Cost Efficiency Focus • Focus on continued cost reduction, while driving revenue generation • Cloud and data costs as a percent of revenue cont
Slide 9: Wejo at a Glance
Wejo at a Glance Location Dynamics Vehicle Status Powertrain Environment Diagnostic Camera In-Cabin Data Streams Data Packages Developer Interfaces Mobile Apps Web Apps In-Car Apps Cloud Data Centers Analytics Civil EngineeringGovernment & Smart Cities Logistics & Distribution Mapping & Navigation T
Slide 10: Connected Vehicle Data At a Glance
© Wejo Ltd. CONNECTED VEHICLE DATA Wejo collects more data than the New York Stock Exchange on a daily basis At a Glance 10Metrics as December 31, 2022 20.1 TRILLION+ TOTAL VEHICLES 20.8 STRATEGIC INVESTORS FIELDS OF USE PENDING & GRANTED PATENTS 57+3 OEM, TIER 1, & FLEET PARTNERS 28 MILLION DATA PO
Slide 11: Business Lines
© Wejo Ltd. Business Lines 11
Slide 12: Wejo Holds a Leading Position in a $60 Billion Market
© Wejo Ltd. Source: Ptolemus Consulting Group and Wejo management, total market size rounded to the nearest round number Wejo Holds a Leading Position in a $60 Billion Market 2021 Total Vehicles 16M 2022 Total Vehicles 20M+ Partnered with OEMs representing 30% of connected vehicles in the US 30% 12
Slide 13: Mobility Transformation Drives New Target Markets
© Wejo Ltd. Mobility Transformation Drives New Target Markets 13 2024 and beyond 2023 Audience & Media Measurement End-to-End Insurance PaymentsRemote Diagnostics Roadside Assistance Car Sharing & Rental Higher margin opportunities with mobility transformation Provides deep knowledge to inform risk
Slide 14: Wejo Solutions are Critical to Traffic Management
© Wejo Ltd. Wejo Solutions are Critical to Traffic Management Source: Ptolemus and Wejo management 14 Marketplace Data Solutions We believe we are a critical provider of real-time traffic insights in a $3 billion potential market Wejo’s platform improves accuracy and other mobility challenges in Tra
Slide 15: Wejo's Next-Gen App: Real-Time Traffic Intelligence
Logistics Engineering & Construction Government & Municipalities Mapping & Navigation M A R K E T P L A C E S Wejo’s Next-Gen App: Real-Time Traffic Intelligence Real-time reporting of traffic and Traffic Incident Service 15 Wejo’s RTTI solution marries historical data that covers 95% of US roads wi
Slide 16: Insurance and Audience Measurement
Insurance and Audience Measurement Addressable market opportunity worth almost $5 billion Low-quality data results in inadequate market solutions that focus solely on usage- based insurance Wejo’s offering will help reduce risk, validate claims, and prevent fraud, while reducing costs for both insur
Slide 17: Customer Testimonials
Customer Testimonials “Wejo aligns with our mission to enable first responders through our groundbreaking NG9-1-1 intelligent crash data software. During 9-1-1 emergencies, seconds matter. “One of the things that I really appreciated with Wejo was getting access to actual radio listener data. With t
Slide 18: Innovative Solutions to Power OEM Competitiveness
© Wejo Ltd. Innovative Solutions to Power OEM Competitiveness Software & Cloud Solutions DATA MANAGEMENT PRIVACY AND CONSENT SOLUTIONS SOFTWARE AND PLATFORM LICENSING IMPLEMENTATION OF CUSTOMIZED SOLUTIONS We are now recognizing revenue from a large North American OEM implementing data quality and p
Slide 19: Competitive Advantages
© Wejo Ltd. Competitive Advantages Wejo Advantage Wejo Competitors Accuracy & Coverage • Work with 6 of the top 10 US OEMs • 4 times more data than nearest competitor • No critical mass on OEM data Privacy & Trust • Trusted partner of global OEMs for provision of data regulatory and compliance solut
Slide 20: Financial Overview
© Wejo Ltd. Financial Overview
Slide 21: Strong Operational Performance Fuels Accelerated Growth Profile
© Wejo Ltd. Strong Operational Performance Fuels Accelerated Growth Profile Vehicles on Platform (M) Gross Bookings ($M) 21 Gross Bookings per Vehicle ($) Financial Metrics are as of September 30, 2022 YTD numbers may not add up due to rounding 2021 Live Vehicles 2022 Live Vehicles 2021 Total Vehicl
Slide 22: 2022 Company Guidance
© Wejo Ltd. 2022 Company Guidance $2.6M $10M 2021A 2022E Net Revenue +200-300% $(67.7)M $(85M)-$(95M) 2021A 2022E Adjusted EBITDA Loss -26-40% Financial Metrics are as of September 30, 2022 Raised Guidance on July 28 from $(110M)-$(120M) to $(85M)-$(95M) Wejo is still in the process of closing its f
Slide 23: Target Operating Model at Scale
© Wejo Ltd. Target Operating Model at Scale $10M $20M - 30M $150M – 250M 2022E 2023 Guidance 2 - 3+ Years Net Revenue $(85)M – (95)M $(60)M –(70)M $25M-50M 2022E 2023 Guidance 2 - 3+ Years Adjusted EBITDA At scale gross margin of 70-80% and Adjusted EBITDA margin of 40-50% in 3+ years
Slide 24: Transaction Overview
© Wejo Ltd. Transaction Overview 24 (1) Assumes $10.00 per share. (2) As of September 30, 2022. (3) Includes 30% forfeiture of TKB Sponsor shares and 7.5 million unvested RSUs of Wejo. Excludes public and private warrants. (4) Net of transaction expenses. (5) Per Wejo management projections. Sources
Slide 25: Thank You
© Wejo Ltd. Thank You