Roadzen, Inc. · NASDAQ:RDZN
Roadzen — H.C. Wainwright 26th Annual Investment Conference (September 2024)
21 slides from Roadzen's conference presentation, Sep 9, 2024
Slide 1: Roadzen Investor Presentation – H.C. Wainwright 26th Annual Investment Conference
Roadzen Investor Presentation H.C. Wainwright 26th Annual Investment Conference September 9, 2024 EX 99.1
Slide 2: Forward-Looking Statements
This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company has based these forward-looking statements on
Slide 3: Our Vision
To build the global leader at the intersection of AI, Insurance and Mobility Our technology powers the world’s leading insurers, fleets and OEMs to underwrite with precision, sell insurance globally, make vehicles safer, and process claims in real-time. Our Vision
Slide 4: A Leading Global Insurtech Platform
Roadzen is transforming global auto insurance using applied AI A Leading Global Insurtech Platform Global Platform operating in US, EU, and India with distribution licenses targeting a US$ 817bn1 global auto insurance market AI at the Core Award-winning independent AI research lab producing industry
Slide 5: Disrupting the Status Quo in Auto Insurance
Disrupting the Status Quo in Auto Insurance 1.45bn1 Vehicles On the Road (2022) $817bn2 Global Auto Insurance Market (2022) 7.1%2 Auto-Insurance Premium Growth (CAGR, 2022-2032E) With the rise of connected, electric and autonomous vehicles, insurance for mobility represents a significant transformat
Slide 6: At a Glance
At a Glance 379 Employees 7 Global Offices Top 10 Technology & AI Innovators 2022 AI Startup of the Year Burlingame, CA New York, NY Chennai New Delhi Ahmedabad Coventry Paris Company of the Year 2021
Slide 7: Auto Insurance is a Legacy Industry; Roadzen Makes it Simple and Modern
Decoupled, long purchase process Demographic risk underwriting and Impersonal coverage Zero meaningful touchpoints except policy sales and maybe claims Long, Manual claims experience Easy to buy, embedded purchase experience Real-time, personalized coverage using relevant driving behavior Touchless
Slide 8: Vertically integrated product suite from quote to claim
Vertically integrated product suite that delivers a seamless experience from quote to claim VIA AI Based Inspections GDN Global Insurance Sales Drivebuddy Video Telematics Mantis Connected Car Telematics Mixtape Multilayer - LLM StrandD Roadside and FNOL Canvas AI Model Orchestration xClaim End-to-E
Slide 9: Powered by AI models adding precision to underwriting, safety, distribution and claims
Powered by Over 150 AI models that add precision to underwriting, road safety, distribution and claims Large Vision Model for Mobility Drivable Area Detection Accident Detection Distraction Alert Drowsiness Alert Road Condition Detection Focus Monitoring Damage Detection Car Part Detection Algorithm
Slide 10: Go-to-Market focused on Enterprise and SMB Clients
Fleets Small and medium fleets, taxicabs, ridesharing platforms, commercial and corporate fleets. Automotive OEMs, dealerships, online-to-offline car sales platforms. Insurance Insurers, reinsurers, agents, brokers, captive insurance and reinsurance. Others Auto lenders - banks, auto finance compani
Slide 11: Two revenue models: IaaS and Brokerage/MGA
Earns a fixed fee per-vehicle, per-policy, per-claim per usage IaaS Platform Sales Earns commission, policy admin and claims fees as a % of Gross Written Premium per policy sold Broker/MGA1 02 01 Our technology platform for mobility and insurance powers road safety, new product underwriting (UBI, As
Slide 12: Established in Key Global Markets
Established in Key Global Markets Platform Strategy & Offerings 30mn registered vehicles (2022)1 Total gross written premiums (GWP) for motor insurance in India was $10 billion (2021)2. Market is expected to grow at a 9.9% CAGR (2021 to 2026)3. 253mn registered vehicles in the EU4 and 40mn registere
Slide 13: Financial Highlights
Highly capital efficient, with profitable contractual margins Attractive recurring revenue profile driven by long-term contracts Secular acceleration across twin engines of growth: IaaS and Brokerage High organic growth with low capex, low regulatory capital requirements and no underwriting risk Sig
Slide 14: Financial Highlights
Financial Highlights * *LTM financials are from Apr 23 to Jun 24 which include Apr-Jun24 unaudited financials.
Slide 15: Experienced Management Team
Rohan Malhotra CEO Ankur Kamboj COO Experienced Management Team that Combines Expertise in AI, Mobility and Insurance Jean-Noël Gallardo CFO
Slide 16: Accomplished Board with Technology and Capital Markets Experience
Steve Carlson Ajay Shah Rohan Malhotra Supurna Vedbrat Diane B. Glossman Supported by an Accomplished Board with Extensive Technology and Capital Markets Experience Zoe Ashcroft Saurav Adhikari
Slide 17: Summary
Summary Fast growth and improving Adjusted EBITDA towards breakeven as the business scales High Growth & Strong Fundamentals Very few AI-first companies have recurring revenues north of $50 million, and less than a handful reaching $100 million. AI-First Company hitting scale Growing much faster tha
Slide 18: Roadzen – IR@roadzen.ai
fz roadzen IR@roadzen.ai
Slide 19: Reconciliation of net loss to Adjusted EBITDA
Reconciliation of net loss reported in accordance with US GAAP to Adjusted EBITDA 19 GAAP NET LOSS TO ADJUSTED EBITDA FY 23 FY24 LTM Net Profit/(Loss) (14,201,152) (100,586,976) (144,972,324) Adjusted for: Other (income)/expense net 925,875 (838,728) (798,650) Interest (income)/expense 776,023 2,291
Slide 20: Capitalization
Capitalization Restricted Stock Units granted on 9/18/2023 to Management and Employees of Roadzen (DE). Exercise price of $11.50 per share. 10,004,994 Public Warrants (RDZNW), exercise price of $11.50 per share and 1,432,517 warrants issued to Mizuho, with an exercise price of $0.001 per share. Not
Slide 21: Balance Sheet
Balance Sheet Includes $8.1M Forward Purchase Agreement Investments in joint ventures: $1.2M Daokang (China) & $0.3M Moonshot (France) Includes $17.4M one-time costs related to going public transaction; actively negotiating to lower fees Includes $7.5M senior secured loan with Mizuho Securities USA;
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