Maquia Capital Acquisition Corporation · OTC:MAQCU
Maquia Capital Acquisition — SPAC Merger (April 2024)
34 slides from Maquia Capital Acquisition's SPAC merger presentation, Apr 10, 2024
Slide 1: Investor Presentation: Powering the Future of Work
Austin, TX April 2024 immersed.com Investor Presentation POWERING THE FUTURE OF WORK
Slide 2: Disclaimer: Cautionary Statement Regarding Forward-Looking Statements
DISCLAIMER About this presentation Cautionary Statement Regarding Forward-Looking Statements This investor presentation (this “Presentation”) relates to a proposed business combination (the “Business Combination”) between Maquia Capital Acquisition Corp. (“Maquia”) and Immersed Inc. (“Immersed”). Th
Slide 3: Disclaimer (Contd): Financial Information; Non-GAAP Financial Terms
DISCLAIMER (Contd) Financial Information;Non-GAAP Financial Terms Use of Projections The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Registration Statement refere
Slide 4: Disclaimer (Contd): Industry and Market Data
DISCLAIMER (Contd) Industry and Market Data In thds Presentation, Immersed relies on and refers to certain information and statistics obtained from third-party sources which it believes to be reliable. Neither Maquia nor Immersed has independent ly verified the accuracy or completeness of any such t
Slide 5: Disclaimer (Contd): No Offer or Solicitation
DISCLAIMER (Contd) This Presentation is for informational purposes only and shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction, neither is it intended to nor does it constitute an offer
Slide 6: Maquia Management Team
*As of 03/24/2024 Maquia management team is comprised of seasoned Wall Street veterans and private equity professionals, bringing a combined work experience of 40+ years collectively and more than $750M Assets Under Management. A venture capitalist building a portfolio of exponential technology comp
Slide 7: Table of Contents
immersed TABLE OF IMMERSED CONTENTS 1. Company Overview « 2. Investment Highlights rr \ 3. Industry Overview ; \ 4. Financial Profile “ 5. Transaction Structure
Slide 8: Company Overview
COMPANY OVERVIEW 1
Slide 9: Highlights
HIGHLIGHTS 2017 Founded in Austin, TX 21 EMPLOYEES Additional 45 contractors* 300+ Million Views across social media platforms*** $16,000,000 Raised to date** *As of 03/24/2024 **Since inception to 08/08/2023 ***Trailing 6 months ending 03/28/2024
Slide 10: Talented Management and Development Team
Talented Management and Development Team 8+ years of industry experience with a software test engineering focus, including maintaining stability on one of the top applications on the Meta Quest Store RENJI Founder & CEO/CTO MITU Test Engineer ROMEO Director of AI RYAN Head of Commercialization JOE V
Slide 11: At a Glance: Core Business Lines
AT A GLANCE: 3 CORE BUSINESS LINES HARDWARE + Light-weight, sleek design for professionals on the go. + High quality alternative to the Apple Vision Pro at 1/4th the cost. + Fully functional XR device with industry leading text clarity. +In active development. AI-POWERED ASSISTANT + A knowledge work
Slide 12: Immersed Has Achieved Early Traction
Immersed Has Achieved Early Traction... 1,000,000+ Unique Users 87,000 Peak monthly active users, March 2024 1.5 MILENNIA Spent in Immersed since listing on the Meta Quest App Store 20 MILLION MINUTES Logged by users in Q1 2024 alone (equivalent to 173 work-years)
Slide 13: Enterprise Solution: Highest Rated Work App on Meta Quest Store
Enterprise Solution Immersed is the work app on the Meta Quest Store.* highest rated Meta Horizon Workrooms Immersed Note: Immersed not only has the highest reviews, but also the MOST amount of reviews, and the best 5 star to 1 star ratio. 2300+ Oculus Reviews 40+ hrs weekly average power-user usage
Slide 14: A Truly Global Brand
A TRULY GLOBAL BRAND 190 Countries and territories in the world adopted Immersed OVER 10,000 Cities across the globe TOP COUNTRIES By percentage of users Immersed has a diverse global reach. 44% 7% 5%
Slide 15: Strong Demand for Visor Headsets To-Date
Strong Demand for Visor Headsets To-Date $500,000 In pre-orders in the 1st week 50,000 Target pre-orders within 1st year of launch 74% Of all pre-orders were for Premium Edition Powered by
Slide 16: Watch Visor in Action
WATCH VISOR IN ACTION Partnered with
Slide 17: National Press Coverage
NATIONAL PRESS COVERAGE “I did my expenses in VR and I liked it” Tech Crunch, 2023 Forbes, 30 Under 30, 2021 “Techstars alum Renji Bijoy is the founder of Immersed, which partnered with Facebook to build virtual reality offices..”
Slide 18: Investment Highlights
INVESTMENT HIGHLIGHTS 2
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS Widely used spatial computing productivity app Top spatial computing app where users work 40-60+ hours a week. Unique product offering with potential massive scalability Leveraging 6+ years of insights, we unite industry-leading software with hardware and AI to forge what we be
Slide 20: Industry Overview
INDUSTRY OVERVIEW immersed
Slide 21: Enterprise Collaboration Software
ENTERPRISE COLLABORATION SOFTWARE SOURCE: Markets and Markets TOTAL ADDRESSABLE MARKET SERVICE ADDRESSABLE MARKET SERVICE OBTAINABLE MARKET With an increase in remote working here to stay, the enterprise collaboration software market presents a significant opportunity. Global Enterprise Collaboratio
Slide 22: Computer Monitors
COMPUTER MONITORS TOTAL ADDRESSABLE MARKET SERVICE ADDRESSABLE MARKET SERVICE OBTAINABLE MARKET The computer monitor market presents a robust and significant global market opportunity that we believe we are well placed to penetrate. Projected Computer Monitors Market, 2031 Computer Monitors Market C
Slide 23: Artificial Intelligence
ARTIFICIAL INTELLIGENCE TOTAL ADDRESSABLE MARKET SERVICE ADDRESSABLE MARKET SERVICE OBTAINABLE MARKET The market for Artificial Intelligence is still in its infancy and is forecast to grow rapidly over the coming years, presenting an attractive market opportunity. Projected AI Market Size, 2031 AI M
Slide 24: Corporate Training Market
CORPORATE TRAINING MARKET TOTAL ADDRESSABLE MARKET SERVICE ADDRESSABLE MARKET SERVICE OBTAINABLE MARKET With CAGR of 4.7%, we believe the global corporate training market presents another growing market opportunity for our software. Global Corporate Training Market Size Corporate Training Market Cor
Slide 25: The Global Virtual Reality Market Is Also Expanding Rapidly
THE GLOBAL VIRTUAL REALITY MARKET IS ALSO EXPANDING RAPIDLY A projected market size of $435.36 billion by 2030. Forecast growth, 2023-2030 $500billion $375billion $250billion $125billion $0billion 2023 2024 2025 2026 2027 2028 2029 2030 Growth rate per annum 448.6% 27.5% SOURCE: Grand View Research
Slide 26: The Global Commercial Display Market
THE GLOBAL COMMERCIAL DISPLAY MARKET A projected market size of $90.05 billion by 2030. Forecast growth, 2023-2030 $100billion $75billion $50billion $25billion $0billion 2023 2024 2025 2026 2027 2028 2029 2030 Growth rate per annum SOURCE: Grand View Research 59.7% 6.9%
Slide 27: Financial Profile
FINANCIAL PROFILE 4
Slide 28: Financial Projections: Revenue, EBITDA and EBIT
Fiscal Year Ended Revenue % growth EBITDA % margin EBIT % margin 219.4 2023A (5,507.3) (5,558.6) (2,510%) (2,534%) 12/31/2023 10,319.6 2024E (7,430.7) (7,494.4) (72%) 4,604% (73%) 12/31/2024 73,299.8 2025E 12,263.3 12,148.7 17% 610% 17% 12/31/2025 224,168.7 2026E 86,701.8 86,511.1 39% 206% 39% 12/31
Slide 29: Public Comparables - Benchmarking
Public Comparables - Benchmarking Revenue CAGR (‘24-26) SOURCE: Factset, as of 04/05/2024 EV / Revenue (2025E) EV / Revenue / Growth (2025E)
Slide 30: Investing to Accelerate Growth: Anticipated Use of Funds
Investing to Accelerate Growth: Anticipated Use of Funds PRODUCT DEVELOPMENT | 50% SALES, MARKETING & GROWTH | 25% GENERAL & ADMINISTRATIVE | 15% OPERATIONS | 5% CONTINGENCY | 5% + Technology enhancement & innovation + Sales team expansion + Marketing campaigns + Customer acquistion + Administrative
Slide 31: Transaction Overview
TRANSACTION | bh OVERVIEW [|r t immersed
Slide 32: Transaction Overview
TRANSACTION OVERVIEW TRANSACTION HIGHLIGHTS ESTIMATED SOURCES & USES + Transaction valuation of the post-money public entity is $297M EV. + Equity value is assumed at $284M + 4mm seller earnout if Immersed has 65% if employee retention after 9 months after closing. + Transaction expected to close in
Slide 33: Reconciliation of Non-GAAP Metrics
Fiscal Year Ended Net Income EBITDA (-) Other Income (-) Gain/Loss - other (-) Interest Income (7.9) (203.8) (58.1) 4.9 14.1 40.4 11.0 (2,510%) (+) Tax Provision / (Benefit) (+) Interest Expense (+) Depreciation (+) Amortization Margin % 2023A Fiscal year end date 12/31/2023 Reconciliation of Non-GA
Slide 34: Austin, TX April 2024 immersed.com
Austin, TX April 2024 immersed.com Investor Presentation
Maquia Capital Acquisition — SPAC Merger (April 2024) on 6ix