Slide 1: Wejo Investor Update October 2021
© Wejo Ltd. Investor Update October 2021
Slide 2: Disclaimer
© Wejo Ltd. Disclaimer 2 Forward-Looking Statements. This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purpo
Slide 3: © Wejo Ltd.
© Wejo Ltd.
Slide 4: Wejo Update: Acceleration Phase
© Wejo Ltd. Wejo Update: Acceleration Phase
Slide 5: What is Wejo?
© Wejo Ltd. 5 Wejo stands for We Journey. Wejo is a global Software and Analytics platform based provider of standardized connected vehicle data and insights to business and governments across 4 continents. Together with our strategic investors and partners – Palantir, Microsoft, Sompo, GM, Hella an
Slide 6: Wejo is a Leader in the Connected Vehicle Insights Market
© Wejo Ltd. Wejo is a Leader in the Connected Vehicle Insights Market Backed by Key Strategic Investors Including Location Environment Diagnostic Camera In-Cabin Data Streams Data Packages Developer Interfaces Mobile Apps Web Apps In-Car Apps Traffic Management Mapping & Navigation Construction & Re
Slide 7: Wejo Software and Analytics Platform for the Connected Vehicle Industry
© Wejo Ltd. Wejo Software and Analytics Platform for the Connected Vehicle Industry Established growth in product, platform, data supply, partnerships: ready for acceleration Wejo cloud insights & analytics on demand for organizations of any size. Launched October 8 2021 Traffic Management Advertisi
Slide 8: At a Glance
© Wejo Ltd. Source: Wejo management 8 DATA POINTS INGESTED 12 TRILLION+ At a Glance MARKETPLACES Social Media Followers aggregate WEJO TEAM CUSTOMER & PARTNER AGREEMENTS VEHICLES LIVE ON PLATFORM CONTINENTS PENDING + GRANTED PATENTS OEM’s & Tier 1s WEJO MULTI-OEM DATA SUPPLY 50 MILLION VEHICLE SUPPL
Slide 9: Industry Leaders are Partnering and Co-investing in Wejo
© Wejo Ltd. Infrastructure Platforms: Analytics Platforms: Automotive Platforms: Transportation Pricing Platforms: Industry Leaders are Partnering, and Co-investing in Wejo Equity Opportunity for the Following Markets: INVESTORS "Invest in Wejo with Us" 9 “Connected vehicle data creates the potentia
Slide 10: Live Product Demo
© Wejo Ltd. LIVE PRODUCT DEMO 10 Source: Wejo management • Wejo cloud platform enabling web- based access to powerful analytics on demand • Immediate insights leveraging the power of the Wejo data asset and Wejo ADEPT • Zero setup costs for customers • Subscription business model • New analytics del
Slide 11: Transaction Overview
© Wejo Ltd. Transaction Overview Seller Rollover Proceeds to Selling Shareholders Cash to Balance Sheet Estimated Transaction Expenses Total Uses Market Opportunity
Slide 12: Connected Vehicle 2030 Market Size
© Wejo Ltd. Connected Vehicle 2030 Market Size Represents the entire estimated size of the market for connected vehicle data Wejo’s 2030 Serviceable Addressable Market Wejo’s SAM consists of opportunities in 8 fields of use and SaaS solutions for OEMs & Tier 1s Wejo Sales Today Wejo’s sales today is
Slide 13: The Universe of Connected Vehicles is Rapidly Expanding
© Wejo Ltd. The Universe of Connected Vehicles is Rapidly Expanding In 2030, connected vehicles to account for 44% of all cars globally Total Number of Connected Vehicles (Millions) 10x Growth Wejo connected vehicle supply base (est) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2
Slide 14: Wejo's Growth: Proven Model, New Products
© Wejo Ltd. Wejo’s Growth: Proven Model, New Products Wejo has proven traction in Traffic Management and Advertising, driving growth through 6 new products over the next 3 years 2021 2023 2022 Demonstrated value in Traffic Management with key customers purchasing data including traffic, journey, env
Slide 15: Wejo benefits from multiple competitive advantages
© Wejo Ltd. Wejo benefits from multiple competitive advantages Wejo’s strategic moat is supported by many unique and sustainable differentiators OEM Relationships Wejo has strong relationships forged with OEM and Tier 1s globally as preferred partner, allowing access to broad and deep vehicle attrib
Slide 16: Why Wejo Leads
© Wejo Ltd. Why Wejo Leads
Slide 17: Wejo Engages with OEMs & Tier 1s
© Wejo Ltd. Wejo Engages with OEMs & Tier 1s • Data capture: Wejo enables OEMs & Tier 1s to optimize sensor data capture and transmission • Product: Wejo turns billions of data points from 100s of sensors into powerful products • Compliance and regulation: Disciplined approach to compliance and inte
Slide 18: Significant Customer Engagement
© Wejo Ltd. Significant Customer Engagement “Wejo has been a strategic partnerwith Purdue in developing big data processing techniques that can be scaled nationally.” “The Wejo data set allows us to directly measuretraffic performance in real-time andmake decisions in minutes.” Darcy Bullock Direct
Slide 19: Technology & Data Platform
© Wejo Ltd. Technology & Data Platform
Slide 20: Wejo's Proprietary Technology Positions It For Market Leadership
© Wejo Ltd. Wejo’s Proprietary Technology Positions It For Market Leadership WejoADEPT (Automotive Data Exchange Platform & Technology) is Wejo’s proprietary and award-winning cloud platform designed to support and maximize the value in connected vehicle data. Source-agnostic interfaces provide flex
Slide 21: Privacy
Privacy Online services Data collection Pseudonymised data for product development ‘Anonymised data for produchyiguelopment
Slide 22: Wejo Marketplace & SaaS Solutions Accelerate Customer Value
© Wejo Ltd. Wejo Marketplace & SaaS Solutions Accelerate Customer Value © Wejo Ltd. 3D PARKING INNOVATION ROAD INTELLIGENCE VEHICLE INSIGHTS Source: Wejo management 22 For Marketplace Customers For OEMs & Tier 1s
Slide 23: Wejo ADEPT: 3D parking innovation
wejo ADEPT 3D parking innovation
Slide 24: Financial Overview
© Wejo Ltd. Financial Overview
Slide 25: Financial Projections 2021-2025
© Wejo Ltd. 2021 - 2025 $mm 2020 A 2021 E 2022 E 2023 E 2024 E 2025 E CAGR Net Revenue $1.3 $4.3 $23 $118 $325 $764 265% % Marketplace 99% 64% 52% 72% 83% 80% % SaaS <1% 36% 48% 28% 17% 20% Gross Margin NM 9% 43% 58% 64% 69% Operating Expenses $24 $59 $121 $148 $184 $215 38% Technology and Developme
Slide 26: Gross Sales Unit Economic Growth Factors
© Wejo Ltd. Gross Sales Unit Economic Growth Factors $1.14 $2.35 $0.63 $1.86 $3.20 $0.70 $1.36 $3.23 $3.47 $3.74 $0.08 $0.37 $0.65 $0.94 $0 $0 $2 $4 $6 $8 $10 $12 $14 Traffic Management Advertising Remote Diagnostic Services Roadside Assistance 14M 30M 55M 88M 124M 2021 2022 2023 2024 2025 Vehicle V
Slide 27: Proposed Capital Raise Fully Funds The 5-Year Plan
© Wejo Ltd. Proposed Capital Raise Fully Funds The 5-Year Plan Roll Out Of New Products Wejo continues to invest in its robust product pipeline to create new offerings and services for its connected vehicle data customers across existing markets and generate demand in new fields of use Wejo plans to
Slide 28: Transaction Overview: Sources & Uses and Pro Forma Valuation
© Wejo Ltd. 62% 11% 21% 5% Wejo Rollover Equity PIPE Investors SPAC Investors VOSO Sponsor ✓ Existing Wejoshareholders are rolling 100% of their equity ✓ Transaction fully funds 5-year business plan ✓ The transaction is targeted to close in Q3 2021 pending SEC review and satisfaction of customary cl
Slide 29: Comparable Company Analysis
© Wejo Ltd. Comparable Company Analysis ’23-25E 2025E 2025E 2024E / 2025E 2024E / 2025E Source: Company filings, investor presentations, equity research, CapitalIQ as of 9/17/2021 1. Otonomo Investor Presentation, February 2021; Market statistics based on NASDAQ:OTMO closing price as of 9/17/2021 ’2
Slide 30: Wejo's Intrinsic Value is Well Above Transaction Value
© Wejo Ltd. $6.1bn $6.6bn $0.80bn $7.6bn $8.1bn Wejo’s Intrinsic Value is Well Above Transaction Value Based on High Growth Data and Information Providers peers revenue multiple range of 16.5x – 20.5x Based on Data Analytics & Infrastructure peers revenue multiple range of 18.0x – 22.0x ~90% Discoun
Slide 31: Customer Use Cases
© Wejo Ltd. Customer Use Cases
Slide 32: Customer Stories
© Wejo Ltd. CUSTOMER STORIES 32 ABOUT THE CUSTOMER A "last mile" shipping and delivery service that gets e-commerce orders to its customers. It was launched in 2015 with two objectives in mind; reduce shipping time and increase customer satisfaction. • Optimize delivery to complex addresses such as
Slide 33: Customer Stories
© Wejo Ltd. CUSTOMER STORIES 33 “The Google BigQueryTransfer service is impressive; it processed 24 folders of simulated hourly data in less than 7 minutes (totalling 5,846,842,872 records!)” Emilie Corcoran Data Engineer, GEOTAB ABOUT GEOTAB Geotab Inc. specializes in connecting commercial vehicles
Slide 34: Customer Stories: Hyundai and HDR
© Wejo Ltd. CUSTOMER STORIES 34 ABOUT HYUNDAI Hyundai Motor Company is a major Korean OEM, which part-owns Kia Corporation and fully owns Genesis Motor and EV sub-brand, Ioniq. • A service to detect in real-time the parking lot location, floor, and indoor location of a customer vehicle, which can be
Slide 35: © Wejo Ltd.
© Wejo Ltd.