Slide 1: Investor Presentation August 2021
© Wejo Ltd. Investor Presentation August 2021
Slide 2: Disclaimer: Forward-Looking Statements
© 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 provide d for illustrati
Slide 3: Introduction to Wejo
© Wejo Ltd. Introduction to Wejo
Slide 4: Wejo stands for We Journey
© Wejo Ltd. 4 Wejo stands for We Journey . My vision has always been to transform connected vehicle data into data for good , revolutionizing the way we live, work and travel. Wejo is a leader in connected vehicle data . Wejo onboards and standardizes over 16 billion data points every day, directly
Slide 5: Wejo at a Glance
© Wejo Ltd. Wejo at a Glance MARKETPLACES 200+ WEJO TEAM 225+ CUSTOMER & PARTNER AGREEMENTS 274 DATA POINTS INGESTED 10 TRILLION+ ACTIVE LIVE STREAMING VEHICLES 11 MILLION+ OEMs & TIER 1s 17 CONTINENTS 4 PENDING + GRANTED PATENTS 24+1 WEJO DATA SUPPLY 50 MILLION Vehicle supply base 16 BILLION Data p
Slide 6: Transaction Overview
© Wejo Ltd. Transaction Overview Seller Rollover Proceeds to Selling Shareholders Cash to Balance Sheet Estimated Transaction Expenses Total Uses Market Opportunity
Slide 7: 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 8: 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 b ase (est) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Slide 9: Wejo's Growth: Proven Model, New Fields of Use
© Wejo Ltd. Wejo’s Growth: Proven Model, New Fields of Use Wejo has proven traction in Traffic Management and Advertising, driving growth through 6 new fields of use over the next 3 years 2021 2023 2022 Demonstrated value in Traffic Management with key customers purchasing data including traffic, jo
Slide 10: Wejo is Strongly Positioned in the Competitive Landscape
© Wejo Ltd. Wejo is Strongly Positioned in the Competitive Landscape OEM Relationships ● ◔ ◑ ◔ ◕ ◕ Proprietary Data Set ● ◔ ◑ ◕ ◔ ◔ Breadth of Products ● ◑ ● ◔ ◕ ◕ Geographical Coverage ◕ ◑ ● ◔ ◑ ● Revenue Model ● ◔ ◑ ◔ ● ● Breadth & Depth of Target Markets ● ◑ ◑ ◑ ◔ ◔ Security Certificates ● ◑ ◑ ◔
Slide 11: Why Wejo Leads
© Wejo Ltd. Why Wejo Leads
Slide 12: Wejo is a Leader in the Connected Vehicle Data Market
© Wejo Ltd. Wejo is a Leader in the Connected Vehicle Data Market Backed by Key Strategic Investors Including and Location Environment Diagnostic Camera In - Cabin Data Streams Data Packages Developer Interfaces Mobile Apps Web Apps In - Car Apps Traffic Management Mapping & Navigation Construction
Slide 13: 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 in
Slide 14: Routes to Revenue: Data Marketplace & SaaS
© Wejo Ltd. Routes to Revenue: Data Marketplace & SaaS Source: Market sizing data per PTOLEMUS Consulting, Gartner and Wejo internal research Data fees Platform fees Product/application usage fees Licensing fees Platform and hosting fees Product/application usage fees Wejo Marketplace ~$30bn SAM Pro
Slide 15: Significant Customer Engagement
© Wejo Ltd. Significant Customer Engagement “Wejo has been a strategic partner with Purdue in developing big data processing techniques that can be scaled nationally.” “The Wejo data set allows us to directly measure traffic performance in real - time and make decisions in minutes.” Darcy Bullock
Slide 16: Technology & Data Platform
© Wejo Ltd. Technology & Data Platform
Slide 17: Wejo's Proprietary Technology Positions It For Market Leadership
© Wejo Ltd. Wejo’s Proprietary Technology Positions It For Market Leadership Wejo ADEPT ( A utomotive D ata E xchange P latform & T echnology) is Wejo’s proprietary and award - winning cloud platform designed to support and maximize the value in connected vehicle data. Source - agnostic interfaces p
Slide 18: 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 18 For Marketplace Customers For OEMs & Tier 1s
Slide 19: Financial Overview
© Wejo Ltd. Financial Overview
Slide 20: 2021-2025 Financial Projections
© 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 21: 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 Advertising Traffic Info RDS Roadside Assistance Car Sharing & Rental FMS Leasing UBI Payments Traffic Management Advertising Remote
Slide 22: Proposed Capital Raise Fully Funds The 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
Slide 23: Sources & Uses and Pro Forma Valuation
© Wejo Ltd. 62% 11% 21% 5% Wejo Rollover Equity PIPE Investors SPAC Investors VOSO Sponsor x Existing Wejo shareholders are rolling 100% of their equity x Transaction fully funds 5 - year business plan x The transaction is targeted to close in Q3 2021 pending SEC review and satisfaction of customary
Slide 24: Comparable Company Analysis
© Wejo Ltd. Comparable Company Analysis ’23 - 25E 2025E 2025E 2024E / 2025E 2024E / 2025E 24 Source: Company filings, investor presentations, equity research, CapitalIQ as of 5/14/2021 1. Otonomo Investor Presentation, February 2021; Market statistics based on NASDAQ:SAII closing price as of 5/14/20
Slide 25: Thank you
© Wejo Ltd. wejo.com Thank you