Ispire Technology Inc. · NASDAQ:ISPR
Ispire Technology — Investor Presentation (May 2024)
21 slides from Ispire Technology's investor presentation, May 29, 2024
Slide 1: Investor Presentation May 2024
M anagement Presentation September 2023 Ispire Technology Inc. Ispire Technology, Inc. (NASDAQ: ISPR) Investor Presentation May 2024
Slide 2: Disclaimer
Page 1 Source: US Tiger research This presentation (this "Presentation") has been prepared by Ispire Technology Inc . (the "Company") and is being presented in reliance on your representation that you are a qualified institutional buyer or an institutional accredited investor as such terms are defin
Slide 3: Experienced Management Team
Page 2 Michael Wang Co - Chief Executive Officer Experienced Management Team Jim McCormick Chief Financial Officer
Slide 4: Company Snapshot
Page 3 Company Snapshot $7.86 Share Price (as of 05/24/2024) $16.30 52 Week High $5.09 52 Week Low 96,035 Average Daily Volume (3 Months) Top Shareholders 1 Last Twelve Months Share Price Performance 54,287,624 Common Shares Outstanding 2 $443.3 million Market Capitalization 2 $39.4 million Cash (as
Slide 5: Company Overview and Key Statistics
Page 4 Key Statistics 15+ Years of R&D E xperience Company Overview Ispire is a US company engaged in the research and development, design, commercialization, sales, marketing and distribution of our branded vaping products Cannabis Products 39.8% of Q3 FY2024 Sales 30+ Countries 1 150+ Distributo
Slide 6: FY Q3'24 Major Milestones
Page 5 FY Q3’24 -- Major Milestones ● Securities ○ Common stock equity raise: $12.3mm ● Strategic Partnerships ○ Formed and entered IKE joint - venture with Chemular and Berify ● Nicotine ○ Sub - Saharan Africa: Launched BRKFST products in 750+ stores ● Cannabis ○ Signed Supply Agreement with MSO Ac
Slide 7: Key Developments
Page 6 Key Developments x Phase 1 of Ispire Malaysia facility is completed and initial production began in February 2024 ▪ 31,000 sq. ft. manufacturing facility ▪ First units sold from Malaysia Factory in March 2024 Ispire Malaysia Manufacturing Facility x Ispire formed a joint venture with Berify &
Slide 8: Financial Overview
Page 7 7 Revenue Financial Overview $ in Millions $ in Millions Source: Publicly available SEC filings and company press releases. Note: See page 16 for additional financial detail. Financi als based on FY ending June 30. FY Ending June 30 FY Ending June 30 Gross Profit
Slide 9: Revenue Detail
Page 8 Revenue Detail Q3 FY 2024 Revenue by Product Q3 FY 2024 Revenue by Geography 1 FY Ending June 30 FY Ending June 30 Source: Publicly available SEC filings and company press releases. Note: See page 16 for additional financial detail. Financi als based on Q3 FY 2024 ended March 31, 2024. 1) Exc
Slide 10: Our Proprietary Technology: Disrupting the Cannabis Vaping Market
Page 9 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 airflow and taste 9 Our Proprietary Technology : Disruptin
Slide 11: History of Industry Driving Innovation
Page 10 1 2 3 4 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 first dual coil vaporizer
Slide 12: Sales and Distribution
Page 11 11 x Network of more than 150 distributors, covering over 30 countries x Distributors sell our products to wholesalers or directly to retail outlets and operate online channels such as Amazon Europe FY23: 50.8% FY22: 58.9% FY21: 71.8% Asia Pacific FY23: 12.9% FY22: 15.0% FY21: 18.8% North Am
Slide 13: Cannabis legalization in the US
Page 12 Though cannabis is still a Schedule I drug under federal law, 24 states and District of Columbia (D.C.) have approved marijuana for recreational purposes, and 42 states and US territories for medicinal use 1996 ▪ California became the first state to legalize medical cannabis 2014 ▪ Alaska, O
Slide 14: Growth Potential for Cannabis Markets
Page 13 $ 4.5 $ 4.9 $ 5.4 $ 5.9 $ 6.6 $ 7.4 $ 8.4 $ 9.7 $ 11.4 $ 13.6 $ 16.6 $ 20.5 2020 2021 2022 2023E 2024P 2025P 2026P 2027P 2028P 2029P 2030P 2031P $ in USD billions 1) 2023 Transparency Market Research. Growth Potential for Cannabis Markets Market Size of Cannabis Vaporizers 1 ▪ Cannabis/CBD v
Slide 15: Investment Highlights
Page 14 Industry Leading Vaping Tech Company Traded on Nasdaq Industry Leading Innovations Large and Rapidly Growing Markets Globally Recognized Consumer Brand Deep B ench of I ndustry Ve terans in Management Investment Highlights
Slide 16: Financial Overview
Page 15 Financial Overview 1 5 The Memory Storage Company Financial Overview
Slide 17: Summary Income Statement (Unaudited)
Page 16 Summary Income Statement (Unaudited) • Source: Publicly available SEC filings and company press releases. • % Growth is period over period growth.
Slide 18: Balance Sheet (Unaudited)
Page 17 Balance Sheet (Unaudited) Source: Publicly available SEC filings and company press releases.
Slide 19: Appendix
Page 18 18 Financial Overview 1 8 The Memory Storage Company Appendix
Slide 20: Corporate Structure – US-Based Corporation
Page 19 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) was incorporated in Delaware on June 13, 2022. ▪ Aspire N
Slide 21: Management Biographies
Page 20 Tuanfang Liu | Co - 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 responsible for dai