Gorilla Technology Group Inc. · NASDAQ:GRRR
Gorilla Technology — Global SPAC Partners Co — SPAC Merger (June 2022)
46 slides from Gorilla Technology's SPAC merger presentation, Jun 21, 2022
Slide 1: Living on the "EDGE"
Living on the “EDGE” /-~*, Gorilla Technology Group Global SPAC Partners@ Nasdaq: GLSPT
Slide 2: Disclaimer
This presentation (the "Presentation") is for informational purposes only to assist interested parties in making an evaluation with respect to a proposed business combination (the “Potential Business Combination”) between Global SPAC Partners Co. (“Global”) and Gorilla Technology Group Inc. (the "Co
Slide 3: Use of Data, Trademarks, Industry and Market Information
Use of Data - The data contained herein is derived from various internal and external sources . No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modelling or any other information contained herein . Any data on pa
Slide 4: Forward-looking statements
(xx) the Combined Entity’s ability to manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements ; (xxi) product sales and/or services ; (xxii) the Combined Entity’s ability to execute its business plans and strategy ; and (xxiii) other risks an
Slide 5: The Transaction
The Transaction
Slide 6: Sources & Uses and Pro Forma Valuation
Gorilla Rollover Equity $519.7 Share Price (per share) (Assumed Trust Valu Escrow Shares (Outstanding & non - cancellable) $142.7 Pro Forma Shares Outstanding PIPE Financing (Subunits $10.10) $50.5 Total Equity Value Estimated Cash in Trust (post - closing) $131.9 Plus: LT Debt Total Sources $844.8
Slide 7: Escrow shares and price protection
14 million shares will be placed in ESCROW The escrow shares will be distributed via a “Class - A CVR” Prior to 3/31/2023 - Distributions of shares as follows: Prior to 3/31/2024 - Distributions of shares as follows: $14 million x 10x = $140 million value /$10.00 = 14 million shares into Escrow Pric
Slide 8: Investor Alignment and lock-up
Investor Alignment Gorilla shareholders receiving 94.12% of shares agreed to 1 year lock - up Early release after 6 months post merger closing, as follows : No early release for final ¼ of shares Applies to 65 million shares, of which 14 million shares to be placed into escrow Lock - up for up to 1
Slide 9: The Opportunity
The Opportunity
Slide 10: Key Competitive Advantages, Transaction and Valuation
Business Key Competitive Advantages • Award Winning technology leader. • ~20 years of tech development. • Strategic partnerships with Intel, DellEMC & Softbank. • World Class reference customers & solutions. Transaction • SPAC cash in Trust of $ 132 million • A minimum cash condition to closing of $
Slide 11: The Edge Opportunity
The Edge Opportunity Mobile Edge Computing market CAGR of 28.9% during 2021 - 2027 (6) Asia - Pacific expected to register the highest CAGR over the forecast period owing to the rising number of IoT integrated devices and the advent of 5G in the region. (2) $61.14 billion by 2028 (3) CAGR of 38.4%.
Slide 12: Global 5G Infrastructure Market
The Global 5G Infrastructure Market size was valued at USD 1179.2 million in 2021 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 68.83% from 2021 - 2030. (Source – Businesswire) 5G THE NEW CONNECTED “DIGITAL AGE” HAS ARRIVED AND HAS MADE THE PROCESS OF DIGITAL UNLOCKING”
Slide 13: Competitive landscape
Sense Time Crowd Strike IBM Cisco C3.ai Palantir Cloudfare ULTNOUS Axis Viseum Keyence Huawei Atlassian Edge AI Appliances Edge AI Inference Models 5G - Edge AI Smart Solutions AI Life Cycle Ecosystem 5G Network Edge AI Cloud Platform Independence Edge AI Data Analytics SaaS Edge AI Cyber Security A
Slide 14: Revenue Stream – Edge AI Platform
Revenue Stream – Edge AI Platform AI SaaS Data Service Analytic Widgets AI Models 40+ IVAs AI Appliance OEM AI Appliance Gorilla Brand AI Appliance AI Training/ Deep Learning on the Edge Number of Video Streams/ Lens Volume of AI Analytics API complexity Number of Video Streams/ Sensors Number of AI
Slide 15: Board of Directors
Gregg Walker Independent Director Jay Chandan Executive Chairman & Director Bringing decades of experience Yoichiro Hirano Independent Director Rt. Hon. Ruth Kelly Independent Director Tomoyuki Nii Independent Director Dr. Spincer Koh Director
Slide 16: Management team
Jeffrey Chuang * VP - Finance Dr. Spincer Koh Founder & Chief Executive Officer Bringing decades of experience Felix Song Chief Solutions Officer Mike Wang Head of Sales – SE Asia Dr. Raj Natarajan Chief Innovation Officer Alan Luo Chief Technology Officer * Stardi Yen, the SVP Finance, has tendered
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Slide 18: Cloud vs Edge processing
Cloud • Central processing of summary data • Big data analysis, complex learning model • Central control Edge • Real time data processing • Real time control (M2M) • Local data filtering and caching • At source data visualization Internet Intranet Cloud Apps Internet Gateway Network Switch Server St
Slide 19: Benefits of moving AI processing to the edge
Moving AI processing to the edge is highly economical & cost effective. Only processed, highly valuable data is sent to the cloud . So, whilst sending and storing huge amounts of data is still expensive, smaller devices at the edge have become computationally powerful, taking after Moore’s Law . One
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Slide 21: Gorilla AI platform and appliances
Capture Infer Alert Analyse Intel CPU • Intel VPU • NVIDIA GPU Gorilla AI Models • Optimized Inference • IVA Cores • Endpoint Protection AI Models Vision AI Inferences Cyber AI Inferences AI Appliances Vision AI Applications Cyber AI Applications AI SaaS AI Big Data Analytics AI Hyper Learning Goril
Slide 22: How does it work?
How does it work? Edge Computing Gorilla AI Appliance IOT Devices Gorilla AI Toolkit Network Edge Server/Cloud Computing AI Data Gorilla Dataset Service Gorilla Training Service Gorilla Model Optimization Service Gorilla AI Hyper Learning SaaS Data Analytics Workstation Gorilla AI Big Data Analytics
Slide 23: Platform Independent AI Software
Platform Independent AI Software for Massive AI - SOC and Extended Market Intel® Xeon® Processor Intel® TigerLake Series Intel® Core Ʀ - i Processor Intel® KeemBay Accelerator Intel® Atom® Processor nVidia GPU Series nVidia Jetson Series ARM Cortex - A Series ARM Qualcomm Series ARM Cortex - M Serie
Slide 24: Investors, Partners and Awards
Investors Partners Awards Best Edge Computing Product Interop Tokyo, Japan, 2019 Intel Partner of the Year Award Best Innovative Design 2020 Face Recognition Test FRVT – Top 20 National Police Information Service Awards 2018, 2019 Industry Telekomunikasi Indonesia
Slide 25: Kaohsiung Transportation Bureau
Kaohsiung Transportation Bureau 10,000% Increase in Traffic Enforcement Gorilla implemented a project deploying AI solutions in order to collect data, raise safety awareness and help law enforcement protect their citizens Failure of urban design to integrate traffic flow, lack of law enforcement & p
Slide 26: Growth
Growth
Slide 27: Projection assumptions
Note: Amounts are in US Dollars. • The projected revenues, and margins, are Gorilla management’s management forecasts, based on its historical experience, curre nt market conditions, and expectations regarding the demand & growth of the Edge AI market. • See the disclosures on slide 2 entitled “Proj
Slide 28: Revenue growth and geographical breakdown
$0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 $400,000,000 $450,000,000 2024 2025 2026 2020 2021 2022 2023 EDGE AI Solutions & Services PaaS Cost Management whilst Maintaining Growth Revenue Growth Geographical Breakdown of Sales Note: Revenue breakdown
Slide 29: Cash Positive by 2024
Cash Positive by 2024 Note: GP & EBITDA, reported In USD Adjusted EBITDA adds back one time expenses related to the merger transaction Source – Management Estimates 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% $0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $
Slide 30: How it all stacks up!
How it a l stacks up!
Slide 31: Business Models & Sales Structures
Business Models & Sales Structures SaaS • Unique product positioning, with significant differentiators to competition • Proven track record with proven growth stories • Generating high gross margins, path to profitability • Highly visible SaaS models with proven revenues Edge AI & AI • Exceptional m
Slide 32: 2022 Revenue Multiples
2022 Revenue Multiples (EV/Revenue LTM) – average & lower to upper quartile 20.0 X 15.0 X 10.0 X 5.0 X 0.0 X 25.0 X 30.0 X 35.0 X 40.0 X Gorilla Edge AI SenseTime SaaS Automation Tech Lower Quartile Average Upper Quartile 30 - day average 60 - day average Gorilla: 11.1x Saas: 17.0x (11.6x to 21.6x)
Slide 33: Regional expansion strategy
Connecting businesses to people, people to services, industries to consumers & business partners USA Hiring key sales staff . Enable partnerships across vast ecosystems that are redefining industries and creating new business models . TAIWAN & APAC • To provide growth opportunities • To protect your
Slide 34: Creating significant value-add for customers
Creating significant value - add for Customers Establish strategic position & Increase Win Rate Gain key marquee clients in US & Europe Creating an integrated global footprint & Managed Services platform Creating significant competitive advantages through collaboration Gorilla Group Value Adding Bus
Slide 35: Use of proceeds
(1) Contingency – potential fees for services of provider(s) of advisory and capital markets services Note: Use of proceeds reported In USD, $ millions Source – Management Estimates Based on management’s forecasted expenditures (including Transaction costs) remaining in 2022 and up through 2023.
Slide 36: Vision: leading role in Edge AI
Build Evaluate, invest and grow "To play THE leading role in Edge AI, by offering transformational solutions, leveraging innovation, skills and distinctive technologies to generate value for all stakeholders” Sustainability Embedded in all of Gorilla’s activities Innovation Turning ideas into strate
Slide 37: Questions?
Slide 38: Appendix
Appendix
Slide 39: Strong fundamental credentials, years in Security & AI
Strong fundamental credentials, 20 years in Security & AI 2001 2010 2016 2017 2018 2019 2020 Founded: 2001 HQ and R&D Centre in Taiwan Launched Server Base AI • Facial Recognition in Media • LPR/Vehicle recognition in Security • DPI on Network Security. Developed Edge AI • Video Analytics • Cyber An
Slide 40: Taoyuan Airport Taiwan, Smart City Approach
Taoyuan Airport Taiwan, Smart City Approach 50% Reduction in response time The projects undertaken by Gorilla for Taoyuan Airport show that edge AI and video analytics have the power to manage high - volume, high - density environments with accuracy. These kinds of solutions can benefit security per
Slide 41: Taiwan Criminal Investigation Bureau
Taiwan Criminal Investigation Bureau Days to Minutes Reduction in response time The upgraded vehicle search platform effectively connected the databases from each city and their transportation hubs . Whereas previous searches would take several days to find a targeted vehicle, this solution dramatic
Slide 42: Taipei Medical University Hospital
Taipei Medical University Hospital The hospital is located in central Taipei and houses 800 hospital beds and over 2000 employees . With the recent restrictions for Covid - 19 placed on medical facilities, administrators were looking for an expedient way to usher in patients and staff to the buildin
Slide 43: Enhancement of Ground Vehicle Management
Enhancement of Ground Vehicle Management 15 seconds Vehicle Verification Violations dropped by 371 times per month after system went online. Automatic vehicle verification can be done within 15 seconds at the checkpoint area Taoyuan is the 10 th busiest airport by international passenger traffic . I
Slide 44: Customer deployments
GBK Stadium, Indonesia Post - Pandemic Management Major Smart Lighting Company, UK Environmental Monitoring Taoyuan International Airport, Taiwan Airport Safety & Security Taiwan Railways Administration Station Safety & Security Taiwan International Ports Corporation Port Safety & Security Portland
Slide 45: Customer deployments
Danone - Leading Food Company, Indonesia Post - pandemic Workplace Safety Management ExxonMobil - Digital Garage, Thailand Security and Access Control System AIS - Thailand's Largest Mobile Operator Enterprise & Retail Surveillance System Leading Automotive Manufacturer, Japan Situation Management f
Slide 46: Government customer deployments
Taiwan Centers for Disease Control Mask Wearing Statistics Central Weather Bureau, Taiwan Cloud Analysis & Weather Prediction Agency of Corrections, Taiwan Inmate Management Criminal Investigation Bureau, Taiwan Vehicle Tracking Criminal Investigation Bureau, Taiwan Suspect Tracking Royal Thai Polic