Tern Plc · LSE:TERN
Tern — Merger or Acquisition (June 2022)
17 slides from Tern's merger presentation, Jun 22, 2022
Slide 1: Building Great Companies: Proposed acquisition of Pires Investments plc
Building Great Companies Proposed acquisition of Pires Investments plc June 2022 1
Slide 2: Disclaimer
DISCLAIMER NOT FOR RELEASE, PRESENTATION, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION O
Slide 3: Disclaimer (cont'd)
DISCLAIMER (cont’d) Except as required by applicable law or regulation, none of the Relevant Parties undertakes or agrees any obligation to update or revise any forward-looking or other statements or information in this presentation, whether as a result of new information, future developments or oth
Slide 4: Our Vision
Our Vision “To be the leading investment company specialising in IoT by unlocking opportunities others haven’t seen or thought possible to deliver significant returns for our shareholders."
Slide 5: Key Market Drivers
CLOUD driving massive scale, data streaming, computation and storage Key ANALYTICS empowering better business decisions. Data is the new currency Market Drivers EDGE evolution of (autonomous) systems powered by machine learning / AI Phones to Things Smartphones Smart “things“ SENSING of the physical
Slide 6: Investing in Key High Growth Markets: Healthcare and Industrial
Investing in Key High Growth Markets • The healthcare market • The global Industrial Industrial Healthcare IoMT size is projected to Internet of Things (IoIT) reach US$446.5billion by market is expected to 2028, expanding at a reach a value of US$106.1 CAGR of 26% between billion by 20262 2021 and 2
Slide 7: Targeting Attractive Markets for Long Term Growth as a Bigger Force
Targeting Attractive Markets for Long Term Growth as a Bigger Force § Industrial digital transformation is underway and accelerating § Covid was the catalyst to create contactless environments § Volumes of connected products are driving down costs and adoption barriers § Healthcare and Industrial ma
Slide 8: Tern Investment Strategy
Tern Investment Strategy • Disruptive IoT tech • Initial investments at the • In key new “Fourth wave” Late Seed A round stage areas • Lead deals at attractive • Artificial Intelligence valuations • VR/AR Immersive • Bring in other leading VCs Tech /Metaverse at scaling rounds at higher Investment I
Slide 9: Value Creation Steps
Value Creation Steps Business Imperatives 4 Setting potential exit targets – who are the potential partners acquirers of the business 4 Product road map – distillation of customer requirements are the imperatives for product led growth 4 IP and Patent strategy – identifying the products and technolo
Slide 10: Value Creation Components
Value Creation Components Operational improvements 4 Procedure/process – support good governance and reporting 4 Human capital plan – professionalise the organisation, create a plan to fill in the talent gaps. Establish org chart to match product road map 4 Communication – create top to bottom cultu
Slide 11: Proven Realisations
PROVEN REALISATIONS Investment strategy has already returned cash • In November 2016 Concerto, a Multi Cloud Management software 4 Flexiant/Concerto business, was sold to Ingram Micro Inc, the world's largest technology distributor and a leading technology sales, marketing and logistics company for
Slide 12: Current Portfolio Status
Current Portfolio Status Portfolio % Share Company Ownership Device Authority Security automation IoT platform addressing the challenges of the life cycle management of IoT exiting and 53.8% new applications and their devices Fundamental VR (FVRVS) VR haptic 'flight simulators' for surgery creating
Slide 13: SVV UK Software Technology Fund
SVV UK Software Technology Fund New growth opportunity with proven model and team 4 Investment in new SVV fund which will focus on investing in private UK software companies in the Metaverse, Artificial Intelligence and Cybersecurity sectors 4 Alongside principal investor the British Business Bank (
Slide 14: Tern Technology Portfolio Synergies
Tern Technology Portfolio Synergies AR/VR IoMT IoIT AI Security ML 14
Slide 15: Pires/SVV/Tern Synergistic Portfolio
Pires/SVV/Tern Synergistic Portfolio AR/VR AI/ML AI/ML Security IoIT Gaming IoMT 15
Slide 16: Transaction Rationale
Transaction Rationale Creating value for all shareholders Focused strategy Funding flexibility IoT, VR/AR and AI giving diversity, but Increased access to different forms of funding focus both from external and internal sources Complementary portfolio Geographical spread Aids the development of port
Slide 17: Thank you
Thank you Gridiron, One Pancras Square, London N1C 4AG e: info@ternplc.com t: 020 3807 0222 ternplc.com 17