Vision Marine Technologies Inc. · NASDAQ:VMAR
Vision Marine Technologies — Investor Presentation (November 2023)
36 slides from Vision Marine Technologies's investor presentation, November 2023
Slide 1: November 2023 Corporate Presentation
VMAR Nasdaq Listed NOVEMBER 2023 CORPORATE PRESENTATION Vision Marine Technologies isn’t just on the EV Marine Journey We are leading it.
Slide 2: Forward-looking statements
This presentation includes statements that are, or may be deemed, ‘‘forward-looking statements’’ under applicable securities laws. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “
Slide 3: Our Mission
OUR MISSION Our Vision is to revolutionize boating with a transformative, electric propulsion system that will become at the core of all EV on the water 3
Slide 4: Push to Electric, Pull to Electric
A TRANSFORMATIVE WAVE HAS ARRIVED, AND VISION MARINE STANDS AT THE HELM OF THIS REVOLUTION PUSH TO ELECTRIC PULL TO ELECTRIC GOVERNMENT MACRO TREND Legislating to move from gas to electric “Tesla effect” California Will Become First State Requiring Customers now actively Electric Marine Vessels by J
Slide 5: Automotive EV vs Maritime EV opportunity
The difference between Automotive EV and Maritime EV is where the huge business opportunity lies The multibillion dollar boat manufacturers A UNIQUE OPPORTUNITY FOR RAPID don’t make their engines. SCALE AND TO FOCUS JUST ON THE MOST PROFITABLE PART OF THE BOATING INDUSTRY Our propulsion system can e
Slide 6: A barrier exists to unlock this US$17 billion market
OPPORTUNITY A real and significant barrier exists that has to be addressed to unlock this US$17 billion market PRODUCT Relying on off-the-shelf Maritime gas engine systems automotive components is not and parts don't directly translate effective. to electric. A need for focussed innovation design, te
Slide 7: Leadership
LEADERSHIP Vision Marine is lead by two experts in their fields to produce a better, effective solution for electric power in boating BOATING ENGINEERING & MANUFACTURING ELECTRICAL DESIGN & BOAT RACING Alexandre Mongeon Xavier Montagne Innovator in Boating Engineer with a track Passionate Boat Racer
Slide 8: Industrial Partnerships
INDUSTRIAL PARTNERSHIPS ...Delivered with World-Class Technology and Engineering Partners. 8
Slide 9: Vision Marine has a unique product to win in maritime EV
OUR MISSION Vision Marine has a unique product to win in maritime EV Custom design, new architecture and innovative engineering for maritime EV. Custom Design Innovative Software Power A complete custom design with Vision Marine sells NEW, innovative Vision Marine is the only company nimble and adap
Slide 10: The wrong way, the right way
OPPORTUNITY We have a clear strategy over our competitors THE WRONG WAY THE RIGHT WAY Competing on boat design and manufacturing Focus solely on the engine - A versatile custom and not just electric propulsion powertrain, we can reliably accommodate most boat manufacturers' platforms. 10
Slide 11: A Robust Business Model
A Robust Business Model A custom-designed powertrain delivered across three verticals Large Recreational EV Super luxury Electric Rentals 1 Boat Manufacturing 2 Custom Boat 3 Brand and Partnerships Manufacturing Franchising (TBD) (Including White labeling) Recreational Boating Powerboat Boating Boat
Slide 12: Key Advantages of E-Motion Powertrain
KEY ADVANTAGES THE PERFECT BOATING EXPERIENCE ON LAKE & RIVERS E-Motion™ Electric Custom Powertrain offers key advantages to other products on the market. COMPARED TO COMPARED TO INTERNAL COMBUSTION OTHER MARINE EV Charges Anywhere With it’s onboard Charger and it’s Shore Power Compatible Ride longe
Slide 13: Securing Industry Leadership in EV on the Water
BUSINESS MODEL Securing Industry leadership in EV on the Water Proprietary Technologies across the powertrain 13
Slide 14: Securing Industry Leadership in EV on the Water
BUSINESS MODEL Securing Industry Leadership in EV on the Water Performance Features multiple performance proprietary technology Safety Software Features multiple Custom Designed to safety proprietary have maximum technology benefits of Marine EV Durability Features multiple durability proprietary tec
Slide 15: Production Partnership with McLaren Engineering
PRODUCTION PARTNERSHIP Our Unique Trajectory of Technological Development Enables World-Class Design, Technology, and Production AT SCALE Vision Marine executed a manufacture & supply agreement with McLaren Engineering, a wholly owned subsidiary of Linamar Corp. McLaren will help mitigate McLaren ha
Slide 16: Significant barriers to entry
BARRIER TO ENTRY Significant barriers to entry beyond just our proprietary tech Vision Marine 25,000 hours of Specialist US $10 Million 10,000 hours Brand Research & development of development of Testing 16
Slide 17: Five key strategies
VISION’S KEY STRATEGIES The audacity of our ambition to dominate the recreational boating sector is grounded in five key strategies. Best product in The Right Built to Proprietary and patent Unique Boat the marketplace scale up fast pending design and Manufacturer Leadership technology at our core Pa
Slide 18: The larger size of the opportunity
OPPORTUNITY The larger size of Apply our thinking and proprietary technology to all electrical the opportunity areas of marine recreational: all powers, all technologies, in all markets. Short Term Medium Term Long term Marine Battery Outboard Engines 180 HP Outboard Multi HP ranges All recreational
Slide 19: Immediate focus: win in two key categories
OPERATION Immediate focus – Win in two key categories OUTBOARD ENGINE BOAT RENTAL MARKET MARKET US $15.5B US $5B First Mover advantage and product Combined Market: Profitable, proven electric rental and leadership in electric ready to capture membership division transitioning market US $20.5B that we
Slide 20: The Size of the Prize
THE SIZE OF THE PRIZE Just winning 4 % of the Outboard Engine Market Represents US$ 600 million in Revenue NB This is less than 4% of the market 600 US$ 500 US$ million IN SALES 400 US$ million IN SALES 300 US$ million REVENU IN SALES US$200 million IN SALES million GROSS 100 US$ IN SALES million IN
Slide 21: Our First Major Boat Manufacturer Partner Signed
GROUPE BENETEAU Our First Major Boat Manufacturer Partner Signed 25 Engine orders already placed in That audacity of our ambition to on our first new hull/engine dominate recreational boating is partnership release grounded in five key strategies In 2021, 27 production sites, 400 dealers, 17 separate
Slide 22: Wired Pontoons completes first 25 units of 180E order
WIRED PONTOONS Wired Pontoons completes its first 25 units of 180E Purchase Order “...Over the past 12 months, we’ve seen a decline in the Wired Pontoons is revolutionizing the boating experience demand for Internal Combustion Engine pontoons, with with its range of electric pontoons. Offering a uniq
Slide 23: The path of least resistance is the leisure boat pontoon
MARKETS The path of least resistance is the leisure boat pontoon Ideal For Electric And 180 Hp Outboard. 18’ - 28’ OVER BOAT MARKET Outboard Lake and River 60,000 PONTOONS, are sold in America each year Every 1,000 Engines = $100 million in Revenue 23
Slide 24: Plug & play system
INNOVATION AT OUR CORE Streamlining Powertrain Technology Delivery Simplifying and optimising delivery of our powertrain technology. A Flexible Electric Introducing Powertrain Architecture Providing Flexibility Plug & play Single Battery Pack 43 kWh system Dual Battery Pack 86 kWh A seamless integra
Slide 25: Innovation in the Boat Rental Market
INNOVATORS Vision Marine Design & Technology is also creating real innovation and business success in the Boat Rental Market In Harbour 5 - 8 mph cruising boats rented by the hour ● Unique boats designed for maximum fun and memorable experience for customers ● Construction and electric technology fo
Slide 26: A Proven, successful business vertical
RENTAL BOATING BUSINESS VERTICAL A Proven, successful business vertical Our Newport Beach Flagship Location 25 Boats and growing More 400,000+ clients enjoyed electric boat rides since 2017 US $4 million annualised 35% Profit Margin ( + Sales revenue from used boats every 2 years) A Newport Boats cos
Slide 27: Scaling a Highly Profitable Franchise Model
RENTAL BOATING BUSINESS VERTICAL Exploring How to Rapidly Scale a Highly Profitable Franchise Model 8,000 Marinas in the world & 10,000 Waterfront Resorts and Marinas Current Franchise Exploratory and Modelling Franchise Purchase - Affordable buy in for franchisee and highly profitable for Vision Mari
Slide 28: Strong Financial Footing
STRONG FINANCIAL FOOTING 1 No Debt 2 Profitable and Growing Rental Division 3 ~23% Ownership Directors & Officers VMAR | Nasdaq Listed 4 Expected Cash Flow Positive 2024 Current Market Cap ~US $22 million 5 First Revenue from Powertrain 2023 28
Slide 29: Capitalization structure
CAPITALIZATION Capitalization structure As of NOVEMBER 2023 Issued & Outstanding 11,643,884 Options * 1,199,539 Warrants ** 3,012,441 Fully Diluted Shares 15,855,864 Directors & Officers ~ 23% Cash on hand August 31, 2023 $3.3 million No Debt *Options: Exercisable from $2.18 to $7.57 ** Warrants: Exer
Slide 30: The Vision, The Team And The Product To Lead And Win
The Vision, The Team And The Product To Lead And Win This Multi-Billion Transition On The Water To Electric 2015 Set up to Established 2035 Early success, dominate the EV company with the strong business market on the right partners plan and water momentum to carry the company forward 30
Slide 31: The Fastest Electric Boat in the World
116 MPH THE FASTEST ELECTRIC BOAT IN THE WORLD AUGUST 2023 The making of a world speed record Available on Amazon Prime Video Learn more >
Slide 32: The only way to produce a product customers will love
PRODUCT The ONLY way to produce a product that customers will LOVE Is to have an absolute obsession that every single part in a boat engine and system that is customized for electric to get both credible and maximum performance. 32
Slide 33: Proprietary marine battery pack
PRODUCTION PARTNERSHIP 10 years developing proprietary marine certified battery cells. Custom design marine grade battery packs. We have the only proprietary marine battery pack to help us dominate the electrical powertrain market Vision Marine owns both manufacturing & tooling for battery pack cell
Slide 34: Delivering a better boating experience for future generations
FOR FUTURE GENERATIONS Vision Marine is focussed on delivering a better boating experience… … and committed to making sure that that happens in clean waters and whilst preserving the beauty of the environment in which we boat. Environmental Social Governance 34
Slide 35: Shifting Perceptions
SHIFTING PERCEPTIONS By reimagining the entire system for efficient water-based EVs, we transform boater skepticism about EV from a weakness into a strength. From Safe? From efficient? From Durable? To Safest To Raw Power To Indestructible & Torque 35
Slide 36: US$15.5 Billion Market
US $15.5 Billion Market 305,900 Gas 1% of the outboard market = Outboard were 3,059 x US $ 96,595.00 sold in 2022 * ~ US $ 296 Million Demand for outboard engines remained steady in 2022 as unit sales surpassed 300,000 for the third consecutive year, reaching 305,900 units. : https://www.nmma.org/st
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