Ispire Technology Inc. · NASDAQ:ISPR
Ispire Technology — IPO Roadshow (February 2023)
28 slides from Ispire Technology's IPO roadshow presentation, Feb 17, 2023
Slide 1: Management Roadshow Presentation
M anagement Roadshow Presentation January 2023 Ispire Technology Inc. February 2023
Slide 2: Disclaimer
Disclaimer 1 Source: US Tiger research This presentation has been prepared by Ispire Technology Inc . (the “Company”) solely for informational purposes . The information included herein in this presentation has not been independently verified . No representations, warranties or undertakings, express
Slide 3: Disclaimer (Cont'd)
Disclaimer (Cont’d) 2 Source: US Tiger research These forward - looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry . The Company undertakes no obligation to update forwa
Slide 4: Offer Summary
Offer Summary 3 Issuer ▪ Ispire Technology, Inc. Listing / Ticker ▪ Nasdaq Capital Market / (Ticker “ISPR”) Offering Size ▪ $36MM - $48MM Shares Offered ▪ 6,000,000 shares of common stock Anticipated Offering Price ▪ $6.00 - $8.00 Use of Proceeds o 35% - CapEx – To Establish Manufacturing Operations
Slide 5: Investment Highlights
▪ Senior management team has a combined experience of over 50 years in consumer products with track record of innovation and execution in the vaping industry ▪ A well - known tobacco e - vaping brand in Europe, our brand Aspire e - vapor is sold in more than 30 countries ▪ As the pioneer of the vapo
Slide 6: Content
单击此处编辑母版标题样式 Content Company Overview 1 Industry Overview 2 Business Highlights Business Strategy & Use of Proceeds Financial Summary 3 4 5 5
Slide 7: Company Overview
单击此处编辑母版标题样式 Company Overview 1 6
Slide 8: Company Overview
Company Overview Excellent R&D Capabilities +14 Years of experience ▪ Leverage over 14 years of experience in research and development of vaping products and quality control management of key personnel Extensive Distribution Network ( Tobacco products only) +200 Core patents ▪ Ispire will own or lic
Slide 9: History of Innovations
History of Innovations (1) 1 2 3 4 2022 2010 airflow adjustable tank Nautilus (Mini) 2013 2014 Sub - Ohm tank Atlantis 2015 tank without chimney Cleito series 4 4 4 2017 Hot selling pod system with auto - draw Breeze series 2018 Leak free and liquid Isolating technology Closed System 2020 Cannabis f
Slide 10: Sales and Distribution
9 Cannabis Products x Sold directly by Ispire sales team in California, primarily on an ODM basis x All sales to date have been in the United States, commenced marketing efforts in Canada and Europe, primarily in the European Union Sales and Distribution Tobacco Vaping Products Sales Ratio By Region
Slide 11: Supply Plans for Manufacturing Expansion
Supply Plans for Manufacturing Expansion We are taking the initial steps toward the development of manufacturing operations in Vietnam and in California. Initially, our manufacturing operations plan to be primarily assembling from components that we purchase from other suppliers. Vietnam 10 Cali
Slide 12: Corporate Structure
Corporate Structure Ispire International Limited (British Virgin Islands) Aspire Science and Technology Limited (HK) Aspire North America LLC (California .U.S.) 100% 100% 100% Ispire Technology Inc. (Delaware. U.S.) » Ispire Technology Inc. (the Company) is organized on June 13, 2022. » Aspire North
Slide 13: Industry Overview
单击此处编辑母版标题样式 Industry Overview 2 12
Slide 14: Cannabis Legalization in the U.S.
Cannabis Legalization in the U.S. Though cannabis is still a Schedule I drug under federal law, 19 states and District of Columbia (D.C.) have approved marijuana for recreational purposes, and 39 states for medicinal use Source: Wikipedia 1996 ▪ California became the first state to legalize medical
Slide 15: Growth Potential for Cannabis Markets
3.1 4.7 6.5 8.7 13.0 20.0 27.0 33.0 38.8 43.8 48.3 0 10 20 30 40 50 2015 2016 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E Growth Potential for Cannabis Markets Projected US Cannabis Market 2015 – 2025E ( R etail V alue) (1) Market Size of Cannabis Vapor Products 2020 – 2025E (Retail Value) in U
Slide 16: Business Highlights
单击此处编辑母版标题样式 Business Highlights 3 15
Slide 17: Industry Pioneer in Cannabis Vaping
Industry Pioneer in Cannabis Vaping Proprietary Technology Patented dual coil and airflow system technology enables users to create massive plumes of vape without burning the cannabis oil and eliminates the leakage of the oil from the unit, which we believe could provide the best - in - class airflo
Slide 18: Industry Leading Key Innovations
Industry Leading Key Innovations x BDC (bottom dual coil) coil technology to provide much higher temperature and expanded heating that achieves much greater flavor and vapor production. U se of dual - coil technology enhances the flavor performance of e - liquid, and the hidden wick cotton with spec
Slide 19: Global Recognized Tobacco Vaping Brand
Global Recognized Tobacco Vaping Brand We are a well - known brand in Europe x Tobacco products are marketed and sold in over 30 countries x Our social media strategies aim to increase brand awareness; synergy across all platforms, including Instagram, Facebook and YouTube, following 21+ age verific
Slide 20: Bench of Industry Veterans
Bench of Industry Veterans Tuanfang Liu | Chief Executive Officer & Chairman ▪ Over 14 years of experience in research and development of the e - cigarette products and quality control management. ▪ Mr. Liu founded Shenzhen Yi Jia in 2010 and has served as its Chairman since then. ▪ Mr. Liu is respo
Slide 21: Management Team (cont'd)
Jeffrey Doiron | Chief Revenue Officer ▪ Mr. Doiron has been the Chief Revenue Officer of Aspire North America since March 2021 and Chief Revenue Officer of the Company since July 2022. Mr. Doiron brings to us 22 years of marketing, sales and branding experience. ▪ Mr. Doiron was the president of Qu
Slide 22: Business Strategy & Use of Proceeds
单击此处编辑母版标题样式 Business Strategy & Use of Proceeds 4 21
Slide 23: Our Strategies
Our Strategies ▪ Expand our technology leadership by investing in vaporizer and similar technology research and development ▪ Increase sales of cannabis products by increasing sales to existing customers, and seek to penetrate the Canadian and European markets as they develop ▪ Continue to innovate
Slide 24: Use of Proceeds
Use of Proceeds 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 35% 25% 20% 20% Our Plan for Profitable Growth Develop manufacturing operations in Vietnam and the United States ▪ Manufacturing Automation Research and development activities, which include our efforts to develop new products and new vapin
Slide 25: Financial Summary
单击此处编辑母版标题样式 Financial Summary 5 24
Slide 26: Financial Overview
| Financial Overview Revenue breakdown by product types Gross profit by product types in USD thousands in USD thousands Cannabis Products Tobacco Products Cannabis Products Tobacco Products 80,000 12,000 68,117 i 0,082 10,416 70,000 61,271 10,000 - 60,000 50,000 e538 43,008 sim9 6192 6,701 40,000 7
Slide 27: Appendix Selected Financial Data
Appendix Selected Financial Data Year Ended June 30 (Dollars in thousands, except per share amounts) 202 1 202 2 Revenue 63,415 88,095 Cost of revenue 52,999 74,789 Gross profit 10,416 13,306 Operating expenses 6,772 14,295 Other income (expense) ( 20 ) 186 Income (loss) before income taxes 3,624 (
Slide 28: Appendix (Cont'd) Selected Financial Data
Appendix (Cont’d) Selected Financial Data Six Months Ended December 31 (Dollars in thousands, except per share amounts) 202 1 202 2 Revenue 47,233 58,840 Cost of revenue 39,921 48,910 Gross profit 7,312 9,930 Operating expenses 5,528 11,608 Other income (expense) 124 (441) Income (loss) before incom