Gorilla Technology Group Inc. · NASDAQ:GRRR
Gorilla Technology — Global SPAC Partners Co — SPAC Merger (February 2022)
44 slides from Gorilla Technology's SPAC merger presentation, Feb 16, 2022
Slide 1: Living on the “EDGE”
Living on the “EDGE” /\ Gorilla Technology Group Global SPAC Partners@) Nasdaq: GLSPT
Slide 2: Important information about the presentation
This presentation (the "Presentation") is for informational purposes only to assist interested parties in making an evaluation with respect to a proposed business combination (the “Potential Business Combination”) between Global SPAC Partners Co. (“Global”) and Gorilla Technology Group Inc. (the "Co
Slide 3: Use of Data, Trademarks, Industry and Market Information
Use of Data - The data contained herein is derived from various internal and external sources . No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modelling or any other information contained herein . Any data on pa
Slide 4: Forward-looking statements
(xx) the Combined Entity’s ability to manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements ; (xxi) product sales and/or services ; (xxii) the Combined Entity’s ability to execute its business plans and strategy ; and (xxiii) other risks an
Slide 5: Key Competitive Advantages, Transaction and Valuation
B us i ne ss Key Competitive Advantages • A w a r d W i nn i n g t e c h n o l o g y l e a d e r . • ~ 2 0 y e a r s o f t ec h d eve l o p m en t . • Strategic partnerships with Intel, D e ll E M C & S o f t b a nk . • World Class reference customers & solutions. Transaction • SPAC cash in Trust of
Slide 6: The Opportunity
T h e O ppor t uni t y
Slide 7: The Edge Opportunity
The Edge Opportunity Mobile Edge Computing market CAGR of 28.9% during 2021 - 2027 (6) Asia - Pacific expected to register the highest CAGR over the forecast period owing to the rising number of IoT integrated devices and the advent of 5G in the region. (2) $61.14 bi lli o n by 2028 (3) C A G R o f
Slide 8: 5G infrastructure market and the digital age
The Global 5G Infrastructure Market size was valued at USD 1179.2 million in 2021 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 68.83% from 2021 - 2030. (Source – Businesswire) 5G THE NEW CONNECTED “DIGITAL AGE” HAS ARRIVED AND HAS MADE THE PROCESS OF DIGITAL UNLOCKING”
Slide 9: Competitive landscape
Se n s e Time Cr o wd Strike IBM Cisco C3.ai Palantir Cloudfare ULTNOUS Axis Viseum Keyence Huawei Atlassian E d g e A I A pp l i a n c e s E d g e A I I n f e r en c e Models 5 G - E dg e A I S m a rt Solutions A I L i f e C y c l e E c o s y s t em 5 G N e t w o rk E dg e A I Cloud P la t f o rm I
Slide 10: Revenue Stream – Edge AI Platform
Revenue Stream – Edge AI Platform AI SaaS Data Service A na l yt i c W i dg e ts AI M ode l s 40 + I VA s A I A pp li an ce O E M AI Appliance G o r ill a B r an d A I Appliance AI Training/ Deep Learning on the Edge N u m be r o f V i d e o St r e a m s / L ens V o l u m e o f A I A n a l y t i cs
Slide 11: Management and Board of Directors
S t a r d i Y e n SVP - Finance D r . S pi n c e r K o h Founder & CEO Bringing decades of experience A l a n L u o Chief Technology Officer F e li x S o n g Chief Solutions Officer M i k e W a n g SE Asia Sales Head Jay Chandan Executive Chairman & Director T o m o y u k i Ni i Independent Director
Slide 12: Slide 12
Slide 13: Cloud versus edge computing
Cloud • Central processing of summary data • Big data analysis, complex learning model • C ent r a l cont r o l E d g e • Real time data processing • R e a l t i m e cont r o l ( M 2 M ) • L oc a l d at a f i l t e r i ng a nd caching • At source data visualization I nte r n e t I nt r a n e t C l o
Slide 14: Benefits of moving AI processing to the edge
Moving AI processing to the edge is highly e c o n o m i c a l & co s t e ff e c t i v e . O n l y processed, highly valuable data is sent to the cloud . So, whilst sending and storing huge amounts of data is still expensive, smaller devices at the edge have become computationally powerful, taking a
Slide 15: Slide 15
Slide 16: Gorilla AI models, appliances and SaaS
Cap t u r e I nfer Al er t A n al y s e I n te l C PU • I n t e l VP U • N V I D IA GPU G o r ill a A I M o d e l s • Optimized Inference • IVA Cores • Endpoint Protection A I M o d e l s Vi s i o n A I I nf e r en ces C y b e r A I I n f eren c e s A I App lia n ce s Vi s i o n A I A pp li c
Slide 17: How does it work?
How does it work? E d g e C o m p u ti ng G o ri ll a A I A p p l i a n c e IO T D e v i ce s G o r i ll a A I T oo l k i t N e tw o r k E d g e S e rv e r / C l o u d C o m p u ti ng AI D a t a G o r i ll a D a t a s e t S e r v i c e G o r i ll a T r a i n i n g S e r v i c e G o r i ll a M o d e
Slide 18: Platform Independent AI Software
Platform Independent AI Software for Massive AI - SOC and Extended Market I nte l ® X e o n ® P r o c e s s o r I nte l ® T i g e r L a k e S e r i e s I nte l ® C o r e Ʀ - i P r o ce sso r I nte l ® K ee m Ba y A c c e l e r at o r I nte l ® A t o m ® P r o ce sso r n V i d i a G P U S e r i e s n
Slide 19: Investors, Partners, Awards
Investors Partners Awards B e s t E dg e C o m pu t i ng P r o d u c t I n t e r o p T o k y o , J a p a n, 2 0 19 I n t e l Pa r t n e r o f t he Year Award Best Innovative Design 2020 Fa c e R ec o g n i t i o n Te s t FRVT – Top 20 N a t i o n a l P o li c e I n f o r m a t i o n Service Awards 2
Slide 20: Kaohsiung Transportation Bureau
Kaohsiung Transportation Bureau 10,000% Increase in Traffic Enforcement Gorilla implemented a project deploying AI solutions in order to collect data, raise s a f e t y awa r e ne s s a nd h e l p l a w e nf o r ce m e nt p r ot ec t t h e i r c i t iz e ns Failure of urban design to integrate traff
Slide 21: Growth
Growth
Slide 22: Projected revenues and assumptions
Note: Amounts are in US Dollars. • • • • • The projected revenues, and margins, are Gorilla management’s management forecasts, based on its historical experience, curre nt market conditions, and expectations regarding the demand & growth of the Edge AI market. • See the disclosures on slide 2 entitl
Slide 23: Cost Management whilst Maintaining Growth
Cost Management whilst Maintaining Growth R ev e nu e G r o w th G eo g r a p h i c al B r e a k d o w n o f S a l e s Note: Revenue breakdown reported In USD Source – Management Estimates 3 . 0 % 6.7 % 10 .8% 14 .2 % 16 .1% 17 .5% 17 .0% 19 .0% 21 .0% 22 .2% 23 .1% 22 .8% 65 .9% 51 .8% 37 .7% 25 .8
Slide 24: Cash Positive by 2023
Cash Positive by 2023 Note: GP, EBITDA, Cashflow reported In USD Source – Management Estimates $0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 Gross Profit E B I TD A Op Cash Flow - 1 0 % 0% 1 0 % 2 0 % 3 0 % 4 0 % 5 0 % 6 0 % 2 0 2
Slide 25: How it all stacks up
H o w i t a l s t a c k s up !
Slide 26: Business Models & Sales Structures
Business Models & Sales Structures SaaS • Unique product positioning, with significant d i ffe r e n t i ato rs t o c o m p e t i t i o n • Proven track record with proven growth stories • G e n e r at i ng h i g h gr os s m a r g i n s , p a t h t o profitability • Highly visible SaaS models with p
Slide 27: 2022 Revenue Multiples (EV/Revenue)
0. 0 X 10. 0 X 20. 0 X 30. 0 X 40. 0 X 50. 0 X 60. 0 X S en s e T i m e Gorilla: 10.9x S a a s : 2 2 . 6 x ( 14 . 7 x t o 27.0x) Automation Tech: 10.6x ( 6 . 6 x t o 1 1 .2 x ) SenseTime: 34.3x 2022 Revenue Multiples (EV/Revenue) – average & lower to upper quartile A I & E d g e: 9 . 6 x ( 6. 5 x t
Slide 28: Use of proceeds
(1) Contingency – potential fees for services of provider(s) of advisory and capital markets services Note: Use of proceeds reported In USD, $ millions Source – Management Estimates Based on management’s forecasted expenditures (including Transaction costs) remaining in 2022 and up through 2023.
Slide 29: Regional expansion and hiring
Connecting businesses to people, people to services, industries to consumers & business partners USA Hiring key sales staff . Enable partnerships across vast ecosystems that are redefining industries and creating new business models . T A I W A N & A P A C • To provide growth opportunities • To prot
Slide 30: Creating significant value-add for customers
Creating significant value - add for Customers Es ta bli s h s t r a t e gi c p o s i t i o n & I n c re a s e W i n Rate G a i n k e y m a r q ue e c li en t s i n U S & E u r o p e C re a t i n g a n i n t e g r a t ed gl o b a l f oot p r i n t & Ma n a g e d S e r v i ces platform C re a t i n g
Slide 31: The Transaction
T h e T ran s a c t io n
Slide 32: Sources & Uses and Pro Forma Valuation
Assumptions : Gorilla Shareholders Source of Funds: (i) PIPE financing of subunits (1 common + 1/4 warrant) of minimum $50m at closing, plus (ii) Full Trust assuming no redemptions by Global's existing public shareholders (including non - redemption commitments). Use of Funds: Estimated Fees & Expen
Slide 33: Transaction priced at a discount to peer multiples
Strong anticipated growth prices the transaction at a discount to Selected Peer Multiples Source – Data Source: S&P Capital IQ and Management desktop research & analysis E V / 2 0 2 2 E Re ve n ue s E V / 2 0 2 6 E Re v enue s w i t h o u t S e n s e T i m e E V / 2 0 2 6 E Re v enue s w i t h S e n
Slide 34: Build, Evaluate, invest and grow
Build Evaluate, invest and grow "To play THE leading role in Edge AI, by offering transformational solutions, leveraging innovation, skills and distinctive technologies to generate value for all stakeholders” Sustainability Embedded in all of Gorilla’s activities Innovation Turning ideas into strate
Slide 35: Questions?
Slide 36: Appendix
Appendix
Slide 37: Strong fundamental credentials, years in Security & AI
Strong fundamental credentials, 20 years in Security & AI 20 0 1 20 1 0 20 1 6 20 1 7 20 1 8 20 1 9 20 2 0 F o u n d e d : 20 0 1 H Q a nd R & D C en t r e i n T a iwa n L a u n c h e d Se rv e r B a s e A I • Facial R e c o g n i t i o n i n Media • LPR/Vehicle r ec o g n iti o n i n Security • D P
Slide 38: Taoyuan Airport Taiwan, Smart City Approach
Taoyuan Airport Taiwan, Smart City Approach 50% Reduction in response time Th e pr o j ect s u nd e r take n b y G o r ill a f o r Taoyuan Airport show that edge AI and video analytics have the power to manage high - volume, high - density environments w i t h a cc u r a c y. Th e s e k i n d s o f
Slide 39: Taiwan Criminal Investigation Bureau
Taiwan Criminal Investigation Bureau Days to Minutes Reduction in response time Th e u p gr a d e d v e h i c l e s ea r c h p l at f o r m e ff ec t i v e l y co n n ec t e d t h e d ata b a s e s fr o m e a c h c i t y a nd t h e i r t r a n sp o r tat i o n hu b s . W her e a s pr e v i o u s s e
Slide 40: Taipei Medical University Hospital
Taipei Medical University Hospital The hospital is located in central Taipei and houses 800 hospital beds and over 2000 employees . With the recent restrictions for Covid - 19 placed on medical facilities, administrators were looking for an expedient way to usher in patients and staff to the buildin
Slide 41: Enhancement of Ground Vehicle Management
Enhancement of Ground Vehicle Management 15 seconds Vehicle Verification V i o l at i o n s dr o pp e d b y 37 1 t i m e s p e r m o n t h a f t e r s y s t em w e nt o n li ne. Automatic vehicle verification can be done w i t h i n 1 5 s eco n d s a t t h e c h e ck p o i nt a r e a Taoyuan is the
Slide 42: G B K S t a d i u m , I n d
G B K S t a d i u m , I n d o n e s i a P o s t - P a n d e m i c M a n a g e m e nt M a j o r S m a rt L i g h t i n g C o m p a n y , U K En v i r o n m ent a l M o n i to r i ng Taoyuan International Airport, Taiwan Airport Safety & Security T a i w a n R a il w a y s A d m i n i s tr a t i o n S
Slide 43: D a n o n e - L ead i n g F oo
D a n o n e - L ead i n g F oo d C o m pany , I nd o ne s i a P o s t - p a n d e m i c Wo r k p l ac e S a f et y Management E xx o n M o b i l - D i g i t a l G a r a g e , T h a il a n d Sec u r i t y a nd A cce s s C o nt r o l Sy s t em A I S - T h a il a n d ' s L a r g e s t M o b il e O p e
Slide 44: T a i w a n C e n t e rs f o
T a i w a n C e n t e rs f o r D i s e a s e C o n tro l M a s k W e a r i ng S tat i s t i c s C e n tr al W e a t h e r B u r e a u , T a i w a n C l o u d A n a l y s i s & W e at h er P r e d i c t i o n A g e n cy o f C o rr e ct i o n s , T a i w a n I n m at e M a n a g e m e nt Criminal Inve
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