Bigbear.ai, Inc. · NYSE:BBAI
Bigbear.ai — Merger or Acquisition (February 2024)
17 slides from Bigbear.ai's merger presentation, Feb 6, 2024
Slide 1: BigBear.ai to acquire Pangiam
BigBear.ai to acquire Pangiam February 6, 2024 Exhibit 99.2
Slide 2: Today's Speakers
CEO, BigBear.ai Mandy Long CFO, BigBear.ai Julie Peffer Today’s Speakers
Slide 3: Disclaimer and Forward-Looking Statements
DISCLAIMER This presentation contains estimates and other data made by independent parties and by BBAI relating to market size and growth about our industry and estimated total addressable market. This data involves a number of assumptions and limitations, and you are cautioned not to give undue wei
Slide 4: Additional Information and Where to Find It
ADDITIONAL INFORMATION AND WHERE TO FIND IT On January 29, 2024, BBAI filed with the SEC the definitive proxy statement of BBAI relating to a special meeting of BBAI’s stockholders to be held for the purpose of obtaining stockholder approval of the proposed transactions (the “Proxy Statement”). BEFO
Slide 5: Deal Rationale
Deal Rationale Mandy Long BigBear.ai CEO
Slide 6: Deal Rationale and Value Creation for Shareholders
Create one of the industry’s most comprehensive Vision AI portfolios Combined company positioned as a leader in one of the fastest growing categories for the application of AI Investing where the market is going Scale combined business and capture market share faster Leverage investments in critical
Slide 7: Pangiam Overview
Pangiam Overview
Slide 8: Pangiam Core Solutions
Trueface Dartmouth Government Services Strategic Consulting Pangiam Core Solutions Pangiam Government builds mission-critical biometric and identity management software designed to enhance security, scale operations, and improve operating efficiencies Trueface performs one of the fastest one-to-many
Slide 9: Kevin McAleenan, CEO, Pangiam
Kevin McAleenan CEO, Pangiam Decades of experience with U.S. national security agencies around the world Previously served as Acting Secretary of the U.S. Dept of Homeland Security (DHS) including U.S. Customs and Board Protection (CBP), the Transportation Security Administration (TSA), Coast Guard,
Slide 10: Recent Milestones & Indications of Momentum
Recent Milestones & Indications of Momentum December 2023 November 2023 January 2024
Slide 11: Performance: Revenue Growth with Margin Expansion
Performance: Revenue Growth with Margin Expansion YoY Growth Services 11% SaaS 46% Software Licenses 258% Prof Services / Other -12% Expansion of SaaS / Software Revenue Revenue Mix Shifting to high SaaS/Software driving margin expansion Year-over-Year Revenue Growth by Type (K$)
Slide 12: Projecting Rapidly Accelerating Commercial Revenues
Projecting Rapidly Accelerating Commercial Revenues
Slide 13: Deal Overview
Deal Overview Julie Peffer BigBear.ai CFO
Slide 14: Deal Overview
Deal Overview $70M purchase price (subject to customary adjustments at closing) on a cash-free, debt-free basis to be paid in BBAI common stock Approximately 49.5M shares will be issued at Closing, determined based on a price per share of BBAI Common Stock of 1.3439, which is the 20-day VWAP as of t
Slide 15: Key Highlights
Key Highlights With the addition of Pangiam, BigBear.ai accelerates and evolves in National Security, Supply Chain Management, and Digital Identity markets, each experiencing double-digit growth Strong mission alignment: both companies focused on providing clarity for the world's most complex decisi
Slide 16: Link to the Proxy
Link to the Proxy
Slide 17: Slide 17
BigBear.ai Holdings — Merger or Acquisition (February 2024) on 6ix