Jet.ai Inc. · NASDAQ:JTAI
Jet.ai — Oxbridge Acquisition — SPAC Merger (June 2023)
26 slides from Jet.ai's SPAC merger presentation, Jun 13, 2023
Slide 1: Disclaimer
Disclaimer JELAL *_Dinesnacyorconcoeness fry opens sing © ey ene momar cared naren Oe heaton Coe (OHAG & Osinge nai feanine (et Tokewonimerscbigeena reat re cioweonel ses nmueaenreiennesee + Mpa canon ata mae kn tamer tin ne ring he dal acu os wy pc oe rood vari bmw at Tok ene rag be Buants Cond) cu
Slide 2: Business Combination Presentation June 2023
Slide 3: Jet.AI 30 second promotional video
JET.AL 30 second promotional video https://youtu.be/HRc3qbwcEFM
Slide 4: Transaction Summary
JET.Al Transaction Summary @ Transaction Details + OXAC has $12.8 million in trust + 100% existing Jet.Al equity holder's rollover + Transaction assumes post-money enterprise valuation of $73.9 million’ and common equity valuation of $86.8 million’ Transaction Rationale + Public market would increas
Slide 5: Transaction Sources & Uses
JET.AL Transaction Sources & Uses Pro Forma Valuation Illustrative Sources & Uses (In millions, except per share data) Sources Share Price $10.00 (%) Pro Forma Shares O/St” 87 Jet Al Equity Rollover $45.0 Equity Value $86.8 Cash from Trust 128 (+) Net Debt $0 Sponsor Promote 288 () Cash from Trust 1
Slide 6: Investment Highlights
JET.Al Investment Highlights New revenue opportunity in private 2022YE revenues of $21.8M versus $1.1M in 2021, aviation Al for B2B and B2C oO } @ representing over 1,800% increase, YoY Seasoned industry management team 3) “A <0) Capital light approach to private aviation Substantial retail investor
Slide 7: The Jet.AI Team
George Murnane CEO | George has over thirty years of ‘experience in aviation and isa pilot with ‘commercial, instrument and multi-engine ratings. He was formerly the CEO of ImperialJet and COO of VistaJet. (BA U. Penn, MBA Wharton) The Jet.Al Team Mike Winston GFA Founder, Executive Chairman | Mike
Slide 8: About Jet.AI
Jet.Al is backed by ~32,000 retail investors, having raised $16MM on the StartEngine crowdfunding platform. JET.Al About Jet.Al Jet.Al, is an aviation software company with a private jet charter and membership operation. Drawing from our own industry experience we develop practical software solution
Slide 9: Jet.AI Aviation Division: Capital Light Business Aviation
JET.Al Jet.Al Aviation Division: Capital Light Business Aviation Jet.Al Aviation Division: Capital Light Business Aviation On-Fleet Charter Jet Card Sales Aircraft / Fraction Sales Onboard Program Buyer Brokerage We provide a comprehensive solution for an array of customers, from low time charter fl
Slide 10: Jet.AI Aviation Division (1/5): Aircraft Sales
JET.AL Jet.Al Aviation Division (1/5): Aircraft Sales (01) From fractional share to full aircraft sales Pre-sell and pass-through milestone payments to OEM Provide management and charter revenue offset post-delivery Our team has extensive experience with the aircraft sales process via positions at b
Slide 11: Jet.AI Aviation Division (2/5): Jet Cards
JET.Al Jet.Al Aviation Division (2/5): Jet Cards 01 . Sell block time of flight hours up front 4 4 4 With a wide variety of available aircraft, and interchange capability, Jet.Al can match the right asset to the right mission. O2 . Recognize revenue as hours are flown 03 Jet cards available for 30 a
Slide 12: Jet.AI Aviation Division (3/5): On-Fleet Charter
JET.AI Jet.Al Aviation Division (3/5): On-Fleet Charter 2 S <v Rent Jet.Al aircraft by Collect payment Provide charter the hour pre-flight revenue rebate to aircraft owner The Jet Al fleet, composed of fuel-efficient light jets, is a popular and cost - effective solution for regional ad-hoc charter
Slide 13: Jet.AI Aviation Division (4/5): Onboard Program
Jet.Al Aviation Division (4/5): Onboard Program Bring aircraft to manage and charter One month for FAA Part 135 conformity Jet.Al sells charter and jet cards on aircraft Alongside our operating partner, Jet.Al provides a white glove solution to current aircraft owners. wa \\ ins 2
Slide 14: Jet.AI Aviation Division (5/5): Buyer's Broker
Jet.Al Aviation Division (5/5): Buyer’s Broker fees @-2 Agency broker for jet buyers S® Source, inspect and negotiate Introduce financing, run legal and close — A £ Our aircraft transaction experience coupled with our industry relationships provides for a hands-off and hassle-free acquisition proces
Slide 15: Jet.AI Fleet Software Solutions
JET.AL Jet.Al Fleet Software Solutions B2B B2c CharterGPT Powered by Jet Al Al-Powered Charter Booking Platform Reroute Powered by Jet Al Jet Card sales and management tool Jet Card customer portal for tracking and payment, FLIGHT CLUB DynoFlight Powered by Jet Al Carbon Crediting and Tracking for A
Slide 16: CharterGPT
CharterGPT Powered by Jet.Al My Trips 01 . Aircraft recommendation engine NI23Py Be 02 . Natural language customer service 100PM OLAS PM 03 Predictive: Destination Airport, Departure Date, . Departure Time, and Ground Transportation We expect to launch CharterGPT in advance of the closing of the pro
Slide 17: CharterGPT back-end automation
JET.Al CharterGPT Powered by Jet.Al aS Contract Reconciliation: make the customer-facing contract match charter operator's contract Natural Language Outreach: automates the process of confirming the accuracy and availabilty of aircraft quoted on Avinode by calling the private jet operator. Payment R
Slide 18: Reroute
JET.Al Reroute Powered by Jet.Al Transform a wasted empty leg into an opportunity to book new charter by changing the destination(s). Reroute searches for published empty legs by partner operators and optimizes which aircraft to utilize for the requested city pair. Potential for significant cost sav
Slide 19: Flight Club
FLIGHT CLUB POWERED BY JET.AI Enables FAA Part 135 operators to operate under DOT Part 380, allowing them to sell private jet service by the seat instead of by the whole aircraft Automates form filing for each flight with DOT, and conforms to DOT escrow requirements for ticketing and movement of cus
Slide 20: DynoFlight
DynoF Light Powered by Jet.Al DynoF Light —osstoxa Dashboard ‘Welcome to DynoFlight Documentation Enables aviation operators to track carbon emissions, and to transact carbon credits in small (working capital efficient) quantities Delivers certificates of offset to customers High-quality credits Dyn
Slide 21: Card Management and Billing
Card Management and Billing Customer portal to view current utilization (27) Book future flights directly from portal @ View invoices and remit payment directly from Portal Our white label solution can help a charter operator make the leap to selling jet cards with minimal friction. JET.Al Your Prfi
Slide 22: Financial Overview & Sources & Uses
Financial Overview & Sources & Uses oo, \= a er" S33 ' -. 3 S -- | . —— ——E ak ri z °F i . ee “= nda &. : 3 — = > ~ - 4 = = I
Slide 23: Financial Summary
JET.AL Financial Summary Jet.Al Summary Financial ResultsFiscal Year- End December 31, 2021 & 2022 $30,000 $25,000 $21,863 $20,000 $15,000 $10,000 $5,000 $1,112 $2,059 $0 Es -$5,000 $(3,075) -$10,000 2021 2022 BFYE Revenues = FYE Gross Profit = FYE Net Income (Loss) (Excluding Stock Comp) [=
Slide 24: Peer comparison multiples
sax sxx 135 Median, = ae 2a Median, 1% 45% 45 ann sm "DREKOR eat edo ‘enoisco ivena o vy aoe 135% Median, 2 — ae Mesian, a--- Sb oe om enero erosce vere00 = fincona 2, Source: Capias of (6/2023 JETAL 15x Median, 2.6 26x y pase 2 Qoiord UE expedio 69x Median, 4.7% Bs Ss ee’ 1x
Slide 25: Q&A
Slide 26: Disclaimer
Disclaimer JET.Al ‘he prearten protester romanian pee ty air ct carga eaten canine tn doe ratio alice The la cetane ein ard om rus eral ape seca, Norpecrans mae ene etonensa othe asptons made win, Phd csr or conan: any rman Potengi aan cntareaneren Oisuoehagshen Cap FDAAS or ae an int iene (a sah sz