Airship Ai Holdings, Inc · NASDAQ:AISP
Airship Ai — SPAC Merger (March 2023)
39 slides from Airship Ai's SPAC merger presentation, Mar 10, 2023
Slide 1: Real Time. Actionable. Intelligence.
1 Real Time. Actionable. Intelligence. March 2023 Airship AI Holdings, Inc. – Investor Presentation www.airship.ai
Slide 2: Basis of Presentation
2 Basis of Presentation This Presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to an investment in connection with a potential business combination between Airship AI Holdings,
Slide 3: Forward-Looking Statements
3 Forward - Looking Statements Certain statements included in this Presentation are not historical facts but are forward - looking statements, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995 . Forward - looking statements
Slide 4: Non-GAAP Measures and Use of Projections
4 For example, other companies may calculate non - GAAP measures differently, or may use other measures to calculate their financial performance, and therefore Airship AI’s non - GAAP measures may not be directly comparable to similarly titled measures of other companies . See the Appendix for defin
Slide 5: Today's Presenters
5 Victor Huang Chairman & CEO Airship AI Holdings, Inc. Paul Allen President Airship AI Holdings, Inc. Today’s Presenters Sam Gloor CEO & CFO BYTE Acquisition Corp.
Slide 6: Transaction Overview
6 Transaction Overview ↗ Airship AI Holdings, Inc . (“Airship AI”) and BYTE Acquisition Corp . (NASDAQ : BYTS) have executed a Letter of Intent to enter into a business combination ↗ Upon the closing of the transaction, we expect Airship AI will be publicly listed Valuation ↗ Pro forma Enterprise Va
Slide 7: Our Mission
7 Our Mission Leverage Artificial Intelligence (“AI”) at the edge to help improve public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and provide meaningful intelligence to decision makers. The Edge - a plac
Slide 8: Data Is Changing. Structured Edge Sensor Data Is The Future.
8 Data Is Changing. Structured Edge Sensor Data Is The Future. Airship AI’s open software operating platform enables decision makers to assess data from cameras and sensors deployed across the digital data domain and act decisively in real - time using data enhanced by artificial intelligence . K -
Slide 9: Screenshot of Airship AI software
9 Screenshot of Airship AI software processing pre - recorded stock video of Tokyo crosswalk
Slide 10: Investment Highlights
10 Investment Highlights Combined $7B Edge AI Software and Hardware addressable market today, projected to reach >$40B in 2030E (2)(3) Driven by strong demand for AI solutions in public safety, industrial, and logistics settings Solutions capitalize on rapidly growing use of AI to create efficiency,
Slide 11: Market Overview
11 01 Market Overview
Slide 12: Rising Crime is a Major Problem
12 $100B 600+ Mass shootings in 2022 with at least 4 people being shot 2 ~$121B Estimated economic cost of workplace violence 1 Estimated organized retail crime cost for retailers in 2021 3 Rising Crime is a Major Problem $557B Estimated fiscal cost of gun violence to the economy 4 (1) https://www.n
Slide 13: Cameras Alone Are Not The Solution
13 Cameras Alone Are Not The Solution. Studies show cameras alone don’t necessarily correlate to safer cities or reductions in crime 31,490 3.8/1000 New York City Cameras 32,000 11.9/1000 22,327 5.6/1000 28,064 17.7/1000 6,628 4.7/1000 Chicago Los Angeles Philadelphia San Diego Houston 3,043 1.3/100
Slide 14: We Address Large and Rapidly Growing Markets
14 $6.9BN $38.9BN 2020 2030E $0.9BN $3.5BN 2022 2029E Edge AI Hardware Market (2) 18.8% CAGR Edge AI Software Market (1) 24.8% CAGR We Address Large and Rapidly Growing Markets Edge AI Software and Hardware SAM (1) https://reports.valuates.com/market - reports/QYRE - Auto - 4139/global - edge - ai -
Slide 15: Large Government AI Budgets Provide Tailwinds
15 Public Safety and Security Market 10.0% CAGR Large Government AI Budgets Provide Tailwinds for Airship AI $1.12T, 2032 (2) $433B, 2022 (2) ↗ US government budget for FY2023 includes $3.2 billion in discretionary resources for State and local grants and $30 billion in mandatory re - sources to sup
Slide 16: Company Overview
16 02 Company Overview
Slide 17: Airship AI At A Glance
17 Airship AI At A Glance 2022E Revenue | EBITDA $14.5M | $0.1M 2022E Gross Margin 58% Validated 2023 Pipeline $162.9M Bookings & Billings $5.5M+ Historical Customers Key Highlights Department of Homeland Security Department of Justice US Special Operations Command US Intelligence Community City of
Slide 18: Airship AI Offers Three Families of Solutions
18 Airship AI Offers Three Families of Solutions Airship AI Solutions Third - Party Integrations Airship AI Outpost ↗ Airship AI Outpost (Hardware / Software) ↗ Airship AI Outpost Mobile ( Application) Data Generation Integration ↗ Third - Party Edge Cameras and Sensors ↗ Data Generation Edge Produc
Slide 19: Airship AI Outpost
19 Small . Hardened . Encrypted . AI Driven . The Edge Solved . Airship AI Outpost is a computer vision - enabled hardware and software platform that detects and recognizes patterns at the edge from a variety of sensors and detectors creating real - time actionable intelligence. ↗ Purpose - built re
Slide 20: Airship AI Acropolis
20 Sensor Agnostic. Analytic Agnostic. Operating Environment Agnostic. Airship AI Acropolis is a purpose - built operating system to work with third - party and legacy sensors, operating on - premise and/or in the cloud, leveraging Airship AI and third - party analytic capabilities to train, model,
Slide 21: Airship AI Command Nexus Client
21 Multi - Sensor Data Fusion. Single Pane of Glass. Real - Time. Airship AI Command Nexus Client is a powerful thick client application allowing users to visualize data in real - time with advanced data analysis toolsets and capabilities regardless of operational environment and network bandwidth.
Slide 22: Why Customers Choose Airship AI
22 ↗ Complete end - to - end solution ↗ Early adopter of the NVIDIA chip for an IoT device which gives Airship AI and its customers a “bleeding edge solution” Differentiated End - to - end Technology Solution ↗ Authority To Operate (ATO) on Trusted US Government Managed Networks ↗ ATO in a FedRamp H
Slide 23: Federal Law Enforcement Agency Customer Highlights
23 Federal Law Enforcement Agency Customer Highlights Customer Mission To investigate, disrupt, and dismantle terrorist and criminal organizations in support of the safety of the United States and its territories Solution Objective Scalable enterprise - level cost - effective solution meeting agency
Slide 24: Fortune Customer Highlights
24 Fortune 500 Customer Highlights Customer Mission Provide high value - added logistics, transportation, and related business services through the organization Airship AI Solution Built open enterprise sensor management system to support existing and emerging sensor technologies enabling security a
Slide 25: End-to-end Solution in a Fragmented Marketplace
25 Airship AI Offers an End - to - end Solution in a Fragmented Marketplace Within the current edge data and sensor management marketplace, there are multiple vendors and point solutions. Major Edge Data Sensor and Management Components: ↗ Physical Security Information Management Systems (PSIM) ↗ Vi
Slide 26: Airship AI Leadership Team
26 Airship AI Leadership Team Victor Huang Chairman & CEO Yanda Ma CTO, Engineering Mark Scott CFO Peeyush Ranjan Board Member Derek Xu Founder & COO Chad Anderson VP, Operations Paul Allen President Whitney Dilling VP, Customer Experience
Slide 27: Financial Overview
27 03 Financial Overview
Slide 28: Financial Summary and Forecast
28 $7.0 $8.4 2021A 2022E Financial Summary and Forecast 54% 58% $13.0 $14.5 2021A 2022E Gross Profit and Gross Margin % Revenue $0.8 $4.7 $3.3 Edge Computing Non-Edge Recurring SaaS & Services 75% 55% 48% - $4.2 $0.1 2021A 2022E NM 1% Adj. EBITDA and Adj. EBITDA Margin 2022E Gross Profit and Gross M
Slide 29: Airship AI 2023E Pipeline
29 Airship AI 2023E Pipeline 60% YoY Pipeline Increase $37.3M $24.0M $101.7M Quoted RFI Market Research (1) (2) (3) $14.1M $11.0M $137.8M Enterprise State & Local Federal 2023 Pipeline By Market Segment $162.9M Validated Total Opportunities (1) Quoted - Responded To Customer With Pricing and In Cont
Slide 30: Transaction Overview
30 04 Transaction Overview
Slide 31: Transaction Overview: Ownership, Valuation, Sources & Uses
31 PRO FORMA OWNERSHIP PRO FORMA VALUATION ($M , EXCEPT PER SHARE VALUES) SOURCES & USES ($M) Transaction Overview Existing Airship Shareholders 70.6% BYTE Public Shareholders 1.6% BYTE Sponsor Shares 17.3% Bridge Financing 1.3% PIPE Shareholders 7.8% Transaction Fees 1.5% Sources SPAC Cash in Trust
Slide 32: Risk Factors
32 All references to the “Company,” “we,” “us” or “our” refer to Airship AI . The risks presented below are some of the general risks related to the business of the Company and such list is not exhaustive . The list below has been prepared solely for purposes of inclusion in this Presentation and no
Slide 33: Risks Related to BYTE and the business combination
33 Risks Related to BYTE and the business combination • BYTE and Airship may not be able to obtain the required shareholder approvals to consummate the business combination . • The consummation of the business combination is subject to unanticipated conditions that could adversely affect the combine
Slide 34: Risks Related to the Combined Company's Securities
34 Risks Related to the Combined Company’s Securities Following Consummation of the business combination • The requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain executive management and qualified board members
Slide 35: Appendix
35 05 Appendix
Slide 36: Facts & Figures
36 Facts & Figures Connected Devices in 2025E 1 55.7BN Data Generated by Connected Devices Annually in 2025E 1 ~80ZB Global 5G Services Market CAGR from 2023E to 2030E 2 59.4% Global Edge AI Software Market in 2029E 3 $3.5BN Global Edge AI Hardware Market in 2030E 4 $38.9BN Global Edge Computing Cap
Slide 37: Select Public Peers
37 Select Public Peers AI Analytics Machine Vision Technologies & IOT Security Software
Slide 38: Best of Breed Partners Supporting Blue Chip Customers
38 Best of Breed Partners Supporting Blue Chip Customers Airship AI partners with industry leading edge data and analytic companies to build on and integrate with as we have expanded our full - spectrum offerings to support customer requirements across a wide variety of emerging operational challeng
Slide 39: EBITDA Reconciliation
39 EBITDA Reconciliation Calendar Year 2021 A 2022 E Net Income ($5.1) ($0.5) + Interest Expense 0.0 0.0 + Depreciation & Amortization .05 .01 EBITDA ($5.0) ($0.4) Stock - Based Compensation 0.8 0.5 Adj. EBITDA $(4.2) $0.1 ($millions)