Smartrent, Inc. · NYSE:SMRT
Smartrent — SPAC Merger (April 2021)
64 slides from Smartrent's SPAC merger presentation, Apr 23, 2021
Slide 1: Facebook :
Facebook :
Slide 2: Social post announcing SmartRent going public via merger
azz “Tecay Smartents making ig news by announcing going pubic through a propesed merger with Fith Wall Acquistion Corp . This great news for our customers and parinets and wil nelp us continue to ‘expand aur product sue and reach new asset classes, geograpties, ‘an business nes. Announcement and imp
Slide 3: Message from SmartRent founder and CEO
6 fanz) We started this business a: frustrated real smart home solution, We understood the industry and knew that ifwe could build fully egrated platform that met the needs of operators and their communities, we would society at large. Today we offer the most robust, and deeply integrated platform o
Slide 4: Social media posts uploaded
4. The following social media posts were uploaded to Twitter, LinkedIn, Facebook and Instagram platforms. Twitter:
Slide 5: Fifth Wall
Fiteh Watt
Slide 6: Announcement of agreed merger
This morning we announced that has agreed to merge with with the combined company being publicly traded. shares how this partnership will bring fully-integrate smart home tech to the global real estate industry his leadership, vision and n. The oppartunity to part Fifth Wall on this transaction made
Slide 7: Fifth Wall post on historic milestone
ith Walt + Follow ** oe “Today ve snngunces a historic milestone in ourjourna:Fitn Wat Acquistion Core, | (SEWAA) and martRent have agreed 0 merge. wth the comioined company bang publ traded We ae vst to grow the artateip and to hela LP base ad to potential expand across nw accetcarees e0 busine ine
Slide 8: Fifth Wall strategic investment in SmartRent
oc Alongside Fifth Walls strategic k snd he in SmartRent, Fi he smart ‘Wall that SmartRent has en leader in 1S of the 20 lar competite sbuilding, 28 port ofits initial in Wall evalusted ev me ecosystem. tw residential ¢ ftiferily npany ca clear to Fit cee nart home tach, with customers that se than
Slide 9: Social posts by Brendan Wallace
5. The following social media posts were uploaded by Brendan Wallace, Chief Executive Officer of Fifth Wall Acquisition Corp. I, to Twitter, LinkedIn, Facebook and Instagram platforms. Twitter:
Slide 10: Brendan Wallace announcement post
Brendan Wallace -xciting news: Fifth Wall Acquisition Corp. | (SFWAA Sismarirentsitenm have agreed to merge. being publicly traded. This partnership will tansform the smart home mgmt tant add informatio to. h Wall Acqui
Slide 11: Merger announcement with SmartRent
< this morning S¢WAA has agreed to merge with with the combined company being publicly traded, why 'm excited to bring this fully-integrated smart home tech to the onal important information: impressed by his leadership, vision and execution. The opportunity to partner with Fifth Wall on this transa
Slide 12: Starwood PIPE investor comments
ieted our fest SPAC. Fith Wall Acquistion d to take 8 company public hat resembled cur porttoio of sing uricoms. With thei backs: rp | (FWA), in Ja ound a 9 itment to essible tothe multitarniy man competitors and throu uniquely positiones deus opportunity 10 scale over ites globally. Th ext fe years
Slide 13: = Kes
= Kes Alongside Fifth Walls strategic LPs in multifamily brendetepeatace ne (sone ay for { homebuilding, a¢ part ofits i vestment Fegucton com ae sows Si coremr iy Fomesnpmatsney stint Seeck mos thn 2 lon rely srtRent has emerged as the catego ies epecrted by tae SP ate prety ooo Sica yo feteping hs
Slide 14: Post uploaded to Medium
6. The following post was uploaded by Brendan Wallace, Chief Executive Officer of Fifth Wall Acquisition Corp. I., to Medium.
Slide 15: Merger with SmartRent, the Category-Leader in Smart Home Technology
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 1/25 Brendan Wallace Follow 1.7K Followers About Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger wi
Slide 16: Target criteria for Fifth Wall's first SPAC
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 2/25 When Fifth Wall IPO’d its first SPAC (FWAA), our vision was to merge with a proptech company that had e
Slide 17: PIPE investors and strategic backers
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 3/25 bringing in strategic ‘Kingmaker’ investors to both invest in the merger transaction and deploy the und
Slide 18: Investors and Fifth Wall LP network
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 4/25 the PIPE. These investors are investing alongside the firm’s already outstanding set of financial and s
Slide 19: Fifth Wall and SmartRent relationship
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 5/25 taking place because Lucas and the SmartRent team have continued to exceed Fifth Wall’s expectations as
Slide 20: Fifth Wall: who we are and what we do
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 6/25 As you might imagine, these 70 strategic LPs give Fifth Wall a competitive advantage in investing. Why?
Slide 21: Fifth Wall as validator for proptech
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 7/25 In part because of this track record and in part due to Fifth Wall’s growing strategic LP base, we’ve c
Slide 22: Why SmartRent was the clear winner
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 8/25 With the following dynamics in mind and at the conclusion of the RFP, Fifth Wall was able to participat
Slide 23: Open architecture hardware-agnostic system
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 9/25 in having an open architecture, it enables and encourages customers to add additional Smart Home hardwa
Slide 24: Integrative operating system for the smart home
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 10/25 The Smart Home industry is primarily comprised of a series of point-solution hardware providers; each
Slide 25: Value proposition for property managers
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 11/25 energy expense, by automating manual processes, (3) reduces complexity: by bringing the entire smart e
Slide 26: Land-and-expand model
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 12/25 immediate and effective solution. And it can sell that immediately. Once SmartRent has been deployed a
Slide 27: Founded by real estate operators
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 13/25 5. SmartRent understood what landlords cared about, and won them over SmartRent was founded by real es
Slide 28: Top 20 residential owners and investor backing
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 14/25 SmartRent has won 15 of the top 20 largest residential owners in the US, unlocking enormous embedded r
Slide 29: Category leader and market standard
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 15/25 VTS, States Title, etc). When the largest real estate firms so overwhelmingly select a winning technol
Slide 30: How big is this market
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 16/25 Fifth Wall aims to continue delivering value for SmartRent. And this dynamic is particularly important
Slide 31: How Fifth Wall plans to help SmartRent
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 17/25 How We Plan to Help SmartRent While SmartRent has emerged as the category-leading Smart home operating
Slide 32: Product roadmap and M&A opportunities
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 18/25 SmartRent has an ambitious near-term product roadmap across the entire residential experience — and wi
Slide 33: Additional resources
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 19/25 I understand that many of the readers of this blog might be learning about SmartRent for the first tim
Slide 34: Important Information for Investors and Stockholders
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 20/25 · Link to Press Release Important Information for Investors and Stockholders This document relates to
Slide 35: Forward-Looking Statements
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 21/25 solicitation of any vote or approval, nor will there be any sale of any securities in any state or jur
Slide 36: Forward-looking statements (continued)
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 22/25 SmartRent is under any obligation and expressly disclaim any obligation, to update, alter or otherwise
Slide 37: Forward-looking statements (continued)
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 23/25 connection with the proposed merger or in the future, the failure to realize anticipated pro forma res
Slide 38: Important Information About Fifth Wall
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 24/25 and attributable to FWAA and SmartRent or any person acting on their behalf are expressly qualified in
Slide 39: Important information about Fifth Wall (continued)
4/21/2021 Announcing Fifth Wall Acquisition Corp. I’s $2.2B Merger with SmartRent, the Category-Leader in Smart Home Technology | by Brendan … https://medium.com/@brendanfwallace/7467b2d1211b 25/25 reference to, such offering documents. This communication is intended only for persons resident in jur
Slide 40: Important Information for Investors and Stockholders
Important Information for Investors and Stockholders This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I (“FWAA”) and SmartRent.com, Inc. (“SmartRent”). FWAA intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”), wh
Slide 41: SmartRent's Next Chapter
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE SmartRent’s Next Chapter April 22, 2021 1
Slide 42: Today's Big News: SmartRent will become a public company
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Today’s Big News: SmartRent will become a public company! 2
Slide 43: Agenda
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Agenda 3 Why We’re going Public Lucas Haldeman What is a S PAC? Lucas Haldeman Why did we Choose Fifth Wall? Lucas Haldeman; Brendan Wallace (Fifth Wall) What t
Slide 44: Why We're Going Public
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Why We’re Going Public 4 4 6 ▪ Raising up to $500M at a $2.2 billion equity valuation will provide important growth capital and i ncreased access to capital in
Slide 45: What is a SPAC?
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE What is a SPAC? 5 5 6 ▪ A “SPAC” is a Special Purpose Acquisition Company o A SPAC is formed for the sole purpose of combining with operating businesses o A SPA
Slide 46: Why did SmartRent choose Fifth Wall?
Why did SmartRent Choose Fifth Wall? 6 Why did SmartRent choose Fifth Wall? Category leader Substantial synergies with LP network Significant growth potential Unlock Fifth Wall network effects Continuation of our relationship Why did Fifth Wall choose SmartRent? Principals are personally invested in
Slide 47: What this Means for You
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The picture can't be displayed. What this Means for You 7 ▪ Your role with SmartRent is secure (and we’ll need your help to find other top performers like you)!
Slide 48: Important Things to Remember
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Important Things to Remember 8 8 6 ▪ This is fantastic, but we haven't closed yet! ▪ We are still running the same business and need your focus and continued ex
Slide 49: Communication Guidelines
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Communication Guidelines 6 ▪ As SmartRent transitions into life as a public company, we also become subject to many new rules and regulations. ▪ For example, SE
Slide 50: Communication Guidelines: Dos and Don'ts
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Communication Guidelines DO ask any questions you may have through the proper channels DO forward any media inquiries to communications@smartrent.com DO be mind
Slide 51: Approximate Timeline
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Approximate Timeline 11 11 April May June July August September October ANNOUNCEMENT SEC FILINGS MERGER CLOSE (EXACT DATE TBD)
Slide 52: What does this mean for us, team SmartRent?
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE What does this mean for us, team SmartRent ? We have a massive opportunity in front of us. Take a few minutes to celebrate today and then focus on executing you
Slide 53: What Won't Change
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE What Won’t Change Our focus to execute against the goals we’ve set and provide the highest level of service to our clients.
Slide 54: Questions?
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Questions? communications@smartrent.com 14
Slide 55: Important Information for Investors and Stockholders
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 15 15 6 Important Information for Investors and Stockholders This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I (“FWAA”) and
Slide 56: Forward-Looking Statements
NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 16 16 6 Forward - Looking Statements This document contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1
Slide 57: Competitors deliver point solutions; industry leaders chose SmartRent
Our competitors mostly deliver “point solutions” (thermostats, locks, etc.), not holistic, enterprise-grade operating systems for any smart hardware. Holistic, hardware-agnostic solution Our competitors include hardware companies with closed architecture frameworks beholden to hardware margins, hard
Slide 58: Important Information for Investors and Stockholders
Important Information for Investors and Stockholders This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I (“FWAA”) and SmartRent.com, Inc. (“SmartRent”). FWAA intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”), wh
Slide 59: PIPE investors, tailwinds and $200B addressable market
Our PIPE investors are a “who’s who” of strategic real estate investors, representing industry-wide validation Profitability Expected by 2022 Significant sector tailwinds are driving increased smart home penetration across every asset class From our existing customers alone, we can generate up to $1
Slide 60: PIPE Investor Comments
PIPE Investor Comments Barry Sternlicht Chairman and CEO of Starwood Capital Group “ I've known Lucas since he served as our CTO at Colony Starwood Homes and have been impressed by his leadership, vision and execution. The opportunity to partner with Fifth Wall on this transaction made it all the mo
Slide 61: Important Information for Investors and Stockholders
Important Information for Investors and Stockholders This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I (“FWAA”) and SmartRent.com, Inc. (“SmartRent”). FWAA intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”), wh
Slide 62: Why SmartRent chose FWAA and why Fifth Wall chose SmartRent
SmartRent is a proptech company that provides the real estate industry with deeply integrated, brand-agnostic hardware and software solutions. FIFTH WALL’S STRATEGIC LPS REPRESENT MORE DISTRIBUTION THAN ANY INDIVIDUAL REAL ESTATE FIRM FIFTH WALL’S 11 CATEGORY LEADING UNICORNS REPRESENT OVER $40 BILL
Slide 63: Fifth Wall's strategic LP base distribution network
FIFTH WALL’S STRATEGIC LP BASE REPRESENTS AN UNMATCHED REAL ESTATE DISTRIBUTION NETWORK, INCLUDING: NORTH AMERICA EUROPE ASIA Source: Fifth Wall provided information
Slide 64: Important Information for Investors and Stockholders
Important Information for Investors and Stockholders This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I (“FWAA”) and SmartRent.com, Inc. (“SmartRent”). FWAA intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”), wh