Eleven Capital Ad · BSESOF:11C
Eleven Capital Ad — Eleven Capital — Investor Presentation (May 2024)
29 slides from Eleven Capital Ad's investor presentation, May 15, 2024
Slide 1: Investor Webinar May 15, 2024
Investor Webinar May 15, 2024
Slide 2: Agenda
Agenda 1. State of the Market. 2. Performance Review. 3. Companies in the Spotlight: ● Enhancv ● AYO ● MClimate 4. Q&A.
Slide 3: State of the Market
State of the Market
Slide 4: Market Update
Market Update ● The Venture Capital market is showing early Global VC Funding and Deals signs of recovery after a 2-year downward trend. ● Global funding is 11% up quarter-over-quarter, indicating uptrend in late stage funding. ● Longer time between funding rounds has led to notable uptick in bridge
Slide 5: Market Update: Continued
Market Update: Continued ● Median pre-money valuation and round sizes for early stage startups (Pre-seed to Series A) Startup Valuation and Cash Raised are recovering from 2023 bottom. ● The M&A activity has remained at 3-year low but we expect to see steeper growth in the following quarters. ● The
Slide 6: Performance Review
Performance Review
Slide 7: Highlights
Highlights 26 € 5.6M 3.3x Portfolio companies to Total invested at cost NAV Multiple since IPO date 8 € 20.2M 2.4x Major Value Drivers Market Cap Market Cap Multiple since IPO
Slide 8: NAV Highlights
NAV Highlights Implied Return <1 x 1x < 3x 3x < 10x 10x+ Multiple Invested Capital 37% 21% 19% 24% NAV 2% 8% 22% 68%
Slide 9: What is in a Share?
Whatis in a Share? MBrainTrain 2.2% TaxiMe 45% Novalogy 4.8% Others ra 10.1% Businessmap 24.5% MClimate Enhancv R&D 9) Dronamics Global 16.5% Sensika 16.5% eleven capital
Slide 10: NAV Waterfall
NAV Waterfall €25,000 €20,000 €15,000 €10,000 €5,000 €0 @ Positive Negative [J NAV Value as of Q1'24 €1,266 -€941 -€957 a | €14,422 €19,357 €582 a €4,985 Beginning Follow-on Portfolio Gains Investment Distributions Expenses Q1'24. NAV NAV Investments Income eleven capital
Slide 11: Share Price to NAV
Share Price to NAV €10.00 €8.00 €6.00 €4.00 €2.00 €0.00 @ NAV Per Share @ Share Price €8.79 Q1'20 Q1'21 Q1'22 Q1'23 Q1'24 eleven capital
Slide 12: Market Cap to NAV
Market Cap to NAV 25000 20000 15000 10000 5000 €8,590. €5,857 @ NAV. B® MarketCap €22,711 €21,535 €17,529 €13,003 €20,240 €19,357 €8,473 €6,307 Q1'20 Qt'21 Q1'22 Q1'23 Q1'24 eleven capital
Slide 13: Portfolio Performance Review
Portfolio Performance Review
Slide 14: Top 8 PortCos Performance
Top 8 PortCos Performance €20,000 €15,000 €10,000 €5,000 €0 Top 8 Valuation Top 8 Valuation Growth and % of Total Value @ Top 8 Valuation of Total 81% 55% €18,654 52% €15,840 €10,510 €2,439 eel at'20 at21 Qt'22 Q1'23 Qt'24 100% 75% 50% 25% 0% eleven capital
Slide 15: Top 8 PortCos 12m Revenue Performance
Top 8 PortCos 12m Revenue Performance
Slide 16: Companies in the Spotlight
Companies in the Spotlight
Slide 17: Volen Vulkov, Co-founder and CEO
Volen Vulkov, Co-founder and CEO
Slide 18: Major KPIs
Major KPIs ● 2M new website visits in March 2024 (2.5x March 2023); 500k users (March 2024) starting a resume at Enhancv (4.5x March 2023). ● 4x growth in new paid subscriptions in Q1 2024; 50%+ of paid subscribers in the US, UK & Canada. ● 100% expected growth in 2024 ($10m ARR) maintaining industr
Slide 19: Major highlights
Major highlights ● Scaled monthly ad spend 5x (compared to 2023), keeping the same CPA, ROI and LTV proportion. ● SEO — transitioned to inhouse content & outreach team by hiring 5 people (avg. spend in 2023 in organic was $5k/month & 2 in-house SEO managers); Aiming to double the traffic again by th
Slide 20: What’s ahead?
What’s ahead? ● Multibrand approach — expanding Enhancv product offerings under different brand names or identities, catering to diverse market segments or specific niches. ● Further leverage AI into resume writing & feedback user needs — employ advanced algorithms and ML techniques to provide users
Slide 21: Alexander Dimitrov Co-founder and CCO
Alexander Dimitrov Co-founder and CCO
Slide 22: Major KPIs
Major KPIs ● Achieved approximately 2x growth compared to the previous year, surpassing 10,000 units sold. ● Reached €2.5M in global AYO sales while still in R&D mode, showcasing robust market demand and potential. ● Secured 5 new scientific studies, elevating B2B revenue to $100,000, marking a sign
Slide 23: Major highlights
Major highlights ● Strengthening AYO’s position as an innovation leader by forming a Circadian Health Board, comprising renowned figures from Harvard Medical School, Cambridge University, NBA, and the HealthTech sector. ● Garnered overwhelmingly positive community response, with AYO ranking among th
Slide 24: What’s ahead?
What’s ahead? ● Enhancing the business model with subscription services, leading the release of digital programs, particularly the AYO Circadian Health App. ● Shifting focus from R&D to Sales, with plans to develop sales infrastructure and the Circadian Health Hub, positioning it as the go-to resour
Slide 25: Lyubomir Yanchev, Co-founder and CEO
Lyubomir Yanchev, Co-founder and CEO
Slide 26: Major KPIs
Major KPIs ● Over 300,000 devices manufactured and sold. ● FY2023: ○ €4.2M Revenue (vs €3.3M FY2022) ○ 53% Gross Margin (vs 48% FY2022) ○ 38% EBITDA (vs 35.8% FY2022) ○ 33% Net profit (vs 28.5% FY2022) ● 5 existing OEM clients, looking to onboard another 2 in 2024.
Slide 27: Major highlights
Major highlights ● Launched the “Fan Coil Thermostat” - the hotel thermostat*. ● Launched the “CO2 Display lite” (solar panel, battery- and maintenance-free). ● Passed a VDA6.3 audit (87%) from a big corporate partner looking to OEM MClimate products. ● ISO 9001 certified. ○ Improving the system bas
Slide 28: What’s ahead?
What’s ahead? ● OEM for a big corporate (€80B in turnover). ● Continuing on the same trajectory with new and existing devices. ● Expanding the sales team to cover inbound requests. ● SaaS pricing change - launching a new, more attractive billing structure. ● Launching the “Wired Thermostat” - unlock
Slide 29: Thank you!
Thank you! Time for questions. For further information: Daniel Tomov m: +359 889 835 663 e: info@elevencapital.bg