Hub Cyber Security Ltd. · NASDAQ:HUBC
Hub Cyber Security — SPAC Merger (March 2022)
23 slides from Hub Cyber Security's SPAC merger presentation, Mar 23, 2022
Slide 1: HUB Security Investor Presentation
HUB Security Investor Presentation
Slide 2: Disclaimer
Disclaimer Page 2 This investor presentation (this “Presentation”) is for informational purposes only to assist interested parties in making their own evaluation with respect to the proposed business combination (the “Proposed Business Combination”) between HUB Cyber Security (Israel) Ltd. (the “Com
Slide 3: Overview of Mount Rainier Acquisition Corp.
Overview of Mount Rainier Acquisition Corp. Strong team with deep networking, sourcing, valuation, diligence and execution capabilities: x Significant technology expertise x Extensive investment and operational experience x Leading family office sponsor with Dominion Capital Matthew Kearney (Chairma
Slide 4: Transaction Overview
Page 4 Transaction Overview (1) Assumes no redemptions by the public shareholders of Mount Rainier and excludes earn - out of 24MM Shares (2) Values shown assuming $10.00 per Mount Rainier share, does not include impact of out - of - the - money warrants (3) As of February 2, 2022 (4) PIPE shares is
Slide 5: HUB Senior Executive Team
HUB Senior Executive Team Ido Helshtock CPO Ran Lifshitz VP R&D Andrey Laremenko Founder & CTO Eyal Moshe Founder & CEO ▪ Former executive at CA Technologies with decades of experience in government intelligence and defense ▪ Serial entrepreneur and Co - Founder of PlanetSoho and Chosen/Blin.gy Alon
Slide 6: Our Mission
Our Mission The current approach to cybersecurity is ineffective and failing Our aim is to cause a paradigm shift in the market by using a unique hardware level approach to protect sensitive and commercial data at every stage of the computing lifecycle Page 6
Slide 7: HUB at a Glance
Page 7 HUB at a Glance Highlights HUB by the Numbers ▪ Hub Cyber Security Ltd. traded on TASE (ticker: HUB) ▪ Market leader in the confidential computing market with a proprietary hardware solution ▪ Unique cyber security solutions that protects sensitive commercial and government data by preventing
Slide 8: What is Confidential Computing?
Confidential computing leverages a hardware - based trusted execution environment to protect data being processed. Protection in Transit What is Confidential Computing? Protection at Rest Protection in Use Securing data being stored by encrypting it before storing it or encrypting the device itself
Slide 9: HUB's Unique Approach to Cyber Security
HUB’s Unique Approach to Cyber Security Benefits of HUB’s Solution HUB’s Solution Includes 4 Product Families HUB provides a unique proprietary hardware and software solution that creates a protective envelope around each processing component to effectively stop intruders. x Single - unit security m
Slide 10: Products Overview
Products Overview Securing Edge & 5G Quantum Secured Cloud Workspace Quantum Ransomware Cure Safety Assessme n t Suite Healthcare and AI Security D. STORM RAM Commander HUB Security, a global cyber security leader, offers a wide range of products, solutions and industry use cases, including innovati
Slide 11: Services Overview
Services Overview Application Security Threat Modeling Incident Response Systems Safety & Reliability Management (RAMS) Governance Risk and Compliance Global team providing leading cyber security professional and managed services, including HUB integration & implementation of cybersecurity, safety a
Slide 12: Multiple Growth Vectors
Page 12 Multiple Growth Vectors Expand into Growing IoT Market ▪ Co mm ercializa t io n of HUB technology into silicon ▪ Expected to be released in 2023 Land & Expand Strategy ▪ Leverage existing customers to cross - sell product and innovation solutions ▪ Long - term customers who trust HUB Convert
Slide 13: Projected HUB Financial Highlights
Projected HUB Financial Highlights Total Revenue Innovation and Technology Revenue Gross Margin % EBITDA % Page 13 $1 15M $7 12M 58% CAGR (FY2022E – FY2026E) $3 8 M $6 08M 85% of Revenue by 2026 32% 63% ~31% Expansion by 2026 9% 25% ~16% Expansion by 2026 FY2022E FY2026E Ex pec t ed Impact
Slide 14: Projected Revenue by Type and Gross Margin
$430.0 $16. 6 31.2% Gross Margin Expansion $23. 7 $12. 5 Projected Revenue by Type and Gross Margin Total Revenue & Gross Margin Gross Margin Expansion (US$ in millions) Innovation & Tech Revenue & Gross Margin Innovation & Tech: 61.7% Gross Margin Professional Services: 16.3% Gross Margin Innovatio
Slide 15: EBITDA Expansion Through Operating Leverage
Page 15 5.8% 8.9% 10.3% 11.3% 12.2% 10.6% 14.6% 16.2% 17.3% 17.4% 9.0% 11.0% 11.3% 12.1% 13.5% 20 2 2E 20 2 3E 20 2 4E 20 2 5E 20 2 6E R&D S & M G & A EBITDA Expansion Through Operating Leverage EBITDA & EBITDA Margin (1) Operating Expenses as % of Revenue (1) EBITDA and EBITDA Margin are non - IFRS
Slide 16: Valuation Overview Peer Group
Valuation Overview Peer Group HUB Security’s capabilities position it as a powerful force in the high growth cybersecurity peer set Selected Peers High Growth Cybersecurity Comparables Rationale ▪ Operate in the similar industry with complementary end markets ▪ Valued on revenue multiples ▪ Best - i
Slide 17: Valuation Overview: Revenue Growth and Gross Margin Benchmarking
66 . 8% 70 . 7% 74 . 6% 76 . 0% 76 . 0% 77 . 3% 79 . 0% 74 . 9% 67 . 4% 72 . 8% 81 . 6% (FY2023E) Peer Median: 76.0% 87 . 2% Valuation Overview Total Revenue Growth Innovation & Tech Gross Margin Benchmarking Operational benchmarking – revenue growth and gross margin profiles (FY2022E – FY2023E) Pee
Slide 18: Valuation Overview: EBITDA Margin and Rule of 40
63 . 2% 45 . 1% 48 . 9% 54 . 3% 45 . 9% 46 . 8% 31 . 9% 40 . 5% 31 . 1% 24 . 4% 34 . 0% Valuation Overview EBITDA Margin (1) Rule of 40 Analysis (FY2023E) Peer Median: 42.8% 84.7% Benchmarking (Cont’d) Peer group profitability and Rule of 40 benchmarking (1) EBITDA Margin is a non - IFRS measures. S
Slide 19: Valuation Overview: EV / Revenue Benchmarking
Valuation Overview EV / Revenue Benchmarking (Cont’d) Peer group valuation benchmarking (FY2023E) Peer Median: 9.0x 21.9 x 7.3 x 7.4 x 8.5 x 14.5 x 16.9 x 11.0 x 9.6 x 7.5 x 7.6 x 6.0 x Source: CapIQ and FactSet (market data as of March 15, 2022) Page 19
Slide 20: High Growth Cybersecurity Regression Analysis
Page 20 7.4 x 14.5 x 16.9 x 9.6 x 7.6 x 7.5 x 6.0 x 8.5 x 21.9 x R² = 0.6025 0% 1 0% 2 0% 3 0% 4 0% 5 0% 6 0% 4.0 x 7.0 x 10.0 x 16.0 x 19.0 x 22.0 x 13.0 x 2023E Revenue Multiple 2023E Revenue Growth Valuation Overview High Growth Cybersecurity – Regression Analysis Source: CapIQ and FactSet (marke
Slide 21: Investment Highlights
Page 21 Investment Highlights (1) Everest Group: “Confidential Computing – The Next Frontier in Data Security” Market leader in the confidential computing market with a proprietary hardware solution 1 Large and rapidly growing confidential computing market expected to reach $54 billion by 2026 at a
Slide 22: Financial Projection Model
(1) The estimated preliminary results for the year ended December 31, 2021 have not been audited or reviewed by the Company’s independent registered public accounting firm. The Company’s actual results may vary from the estimated preliminary results presented here due to the completion of its financ
Slide 23: Thank you
OU S Thank y Se
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