Boxlight Corporation · NASDAQ:BOXL
Boxlight — IPO Roadshow (August 2015)
34 slides from Boxlight's IPO roadshow presentation, Aug 4, 2015
Slide 1: Boxlight Corporation
BOXLIGHT. BOXLIGHT CORPORATION Interactive Learning Technologies
Slide 2: Forward Looking Statements
BOXLIGHT. Forward Looking Statements This prospectus contains “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this prospectus, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of t
Slide 3: Free Writing Prospectus
BOXLIGHT. Free Writing Prospectus The presentation highlights basic information about us and the offering. It does not contain all of the information that you should consider before investing. We have filed a registration statement including a prospectus with the SEC for the offering to which this p
Slide 4: IPO Overview
BOXLIGHT. IPO Overview Issuer BOXLIGHT, Inc Exchange/Ticker NasdaqCM: BOXL Offering Size 1,818,182 Shares of Class A Common Stock (100% Primary) Price Range $10.00 - $12.00 Over-Allotment Option 15% (100% Primary) Use of Proceeds | ev seus ew ail RAD. alg & ss development, ERP Sole Book-Runner Aegis
Slide 5: BOXLIGHT Today
BOXLIGHT. BOXLIGHT Today BOXLIGHT: ¢ Track record of success * Goal: global education powerhouse * Innovative thought leader * Single point of accountability * Trusted advisor * Risk averse market with noble and complex objectives ¢ Educating our children * Advanced, complex technologies with budget
Slide 6: BOXLIGHT Overview
BOXLIGHT. BOXLIGHT Overview BOXLIGHT Corporation BOXLIGHT delivers interactive educational products for the global learning market * Design * Produce * Distribute * Support
Slide 7: Classroom Displays
BOXLIGHT. Classroom Displays * Projectors + Standard + Interactive * Interactive flat panels * Interactive tables Ne / Complementary Devices and . . NX Solutions Tablets Audio Mobile stands & devices Software, content Support, consulting and services BOXLIGHT Solutions . Mobile Science Lab New parad
Slide 8: BOXLIGHT Portfolio
BOXLIGHT. BOXLIGHT Portfolio Va Sales, Services, Support and Systems Integration solutions ¢ Education value added solution provider ¢ Systems integration, implementation and consulting ~ GENESIS Collaboration Ne / a Ne >) SBOXLIGHT. an Interactive Displays Solutions * World’s 1* interactive project
Slide 9: Classrooms Then and Now
BOXLIGHT. Classrooms Then and Now Today.. -Tomorrow e3- Displays Digital Content Interactive Devices Electronic Books
Slide 10: Displays
BOXLIGHT. Displays Interactive Displays
Slide 11: Complementary Devices & Solutions
BOXLIGHT. Complementary Devices & Solutions Classroom Ready Solutions
Slide 12: Award-Winning Software
BOXLIGHT. Award-Winning Software ‘at 8 fel= ia 2@-@ 2 “lly wlth, — wo = Zea —_ ait E Pare 5 a [6 Q GLOBIlab a5 GLOBIware Classroom Management Software
Slide 13: STEM Lab
BOXLIGHT. STEM Lab all-in-one science lab
Slide 14: BOXLIGHT Technology
BOXLIGHT. BOXLIGHT Technology BOXLIGHT Innovation ¢ Pioneered the interactive projector ¢ Holds 32 patents across largest worldwide markets * Established new paradigm for science labs * Tablet-based, mobile, cost effective, new markets (elementary schools) ¢ Includes depth and breadth of products *
Slide 15: Best-In-Class Technology Awards
BOXLIGHT. Best-In-Class Technology Awards Best Of Show Awards Of Excellence Awards Of Excellence ISTE TOP FIVE Award honors new Honors new and upgraded Salutes already-released products Scholastic Administrator technologies with the products that demonstrate that have made significant Editorial Top
Slide 16: Global Education Technology Spend
BOXLIGHT. Global Education Technology Spe Worldwide Spend On Education Hardware 2015 Worldwide Spending By Device Type ™ Complementary Devices $20.6 20 Classroom Displays _ ™ Mobile PCs ia as $12.9 — =I = 20 | $8.0 = == s in| {] © Mobile PCs/tablets - $9.4b O° Classroom displays - $5.2b 2010 2021 20
Slide 17: Education Market Buzz
BOXLIGHT. Education Market Buzz Education Investment is Trending Upward "Global Ed Tech Financing Hits Record in Q1 2014” CB Insights, April 2014 “It’s not only that there’s this huge behemoth sector of the economy that spends $1.2 trillion on educating kids, but that it’s old, it’s long in the toot
Slide 18: Interactive display market growth
1200 BOXLIGHT. —— Interactive Whiteboards = Interactive Flat Panels Interactive Projectors — — Total market 2013 2014 2015 2016 2017 2018 ‘Source: Futuresource Consulting Ltd 2015 In the global interactive display market, there has been a significant sales increase with 42% YoY growth Interactive wh
Slide 19: Interactive Replacement Opportunity
BOXLIGHT. Interactive Replacement Opportunity Replacement Technologies: 2012 — 2018e 1.6 14 14 13 13 13 1.2 14 14 2 2 10 = i 0.8 ‘i F 2 ——Global Units ——Replacement Units = o6 a _ 0.26 0.2 0.10 O47 . 0.03 0.04 0.07 : 0.0 2012 2013 2014E 2015E 2016E 2017E Source: Futuresource Consulting Ltd 2015 . Of
Slide 20: BOXLIGHT Advantage
BOXLIGHT. BOXLIGHT Advantage Differentiation ¢ Strategic mergers post-IPO * Technology solutions — hardware, software, content - Recurring revenue * Education focused value added partners — USA & International * Companies we know * Deep history of partnerships * Realize consolidation economics * His
Slide 21: Relationships & Trust
BOXLIGHT. Relationships & Trust School Districts ¢ Are a risk-averse market ¢ Face increasingly more complex products ¢ Have a shortage of technical resources ¢ Work within budget constraints * Need a trusted, experienced advisor — built on longstanding relationships at 4964, A BR Sp SCHOOLS Bo Fort
Slide 22: Edu Field Sales
BOXLIGHT. Edu Field Sales Trusted Advisors Biz & Gov Sales Edu Global Sales Partnered Resellers Acquired Resellers Regional Field Sales Partners Sales & Distribution Worldwide
Slide 23: Global Landscape
BOXLIGHT. Global Landscape analysis BOXLIGHT Worldwide R&D and manufacturing located in Taiwan, China and Israel 32 patents in USA, Germany, Mexico, Israel, Japan, Taiwan, China and Others US Operations & Warehousing in Seattle WA, Laredo TX, and Atlanta GA BOXLIGHT Latin America 23
Slide 24: Leadership Team
BOXLIGHT. Leadership Team Mark Elliott Michael Pope Hank Nance Sheri Lofgren Pat Henry Dov Bruker John Campbell CEO President coo CFO cso President: Globisens _ President: Genesis Promethean Vert Capital Boxlight Logical Choice Promethean Globisens Promethean President Managing Director President CF
Slide 25: Board of Directors
BOXLIGHT. Board of Directors Robin Richards Rudy Crew Tiffany Kuo Mark Elliott Michael Pope Blackboard NYC Department of Everest Promethean Vert Capital Connect Education ExxonMobil Apple Omniture Career Arc Harvard University Deloitte E3 Corporation Grant Thornton Mp3.com Miami-Dade County Public S
Slide 26: Investment Highlights
BOXLIGHT. Investment Highlights Growing Market Large, growing market in a performing educational technology sector Proven Leadership Team Winning leadership team and BOD with track record of success & relationships Strong Brand Recognition Industry awards and accolades Optimized Global Distribution
Slide 27: Pipeline
BOXLIGHT. Pipeline TOTAL WEIGHTED (in thousands) PIPELINE PIPELINE” BOXLIGHT S 68,750 $ 32,678 Globisens S 9,481 S 8,261 Genesis S 8,447 $2,159 Total § 86,678 § 43,098 *Weighted for probability to close * High profile projects include 527M Baltimore County Schools, $10M Atlanta Public Schools and $3
Slide 28: Pro Forma Statements Of Operations
BOXLIGHT. Pro Forma Statements Of Operations Year Ended Quarter Ended Quarter Ended (in thousands) December 31, 2014 March 31,2014 = March 31, 2015 Revenue S 29,285 S 4,670 S 6,206 Cost of Goods Sold 21,738 3)655 5,054 Gross Profit 7,547 1,015 1152 Operating Expenses 10,974 1,943 2,613 Other Expense
Slide 29: Operation Cost Optimization
BOXLIGHT. Operation Cost Optimization (in thousands) December 2014 = March 2015 * Strategic plan to increase in- house manufacturing from 40% Gross Profit Percentage 26.77% 25.77% to 70% in 2015 ¢ Manufacturing facilities in Taiwan nd China ar rrently runnin EDI outsources 60% of manufacturing resul
Slide 30: Revenue Growth & Profitability
BOXLIGHT. Revenue Growth & Profitability Strategic acquisitions of companies to provide products, services, training or Revenue distribution that extend or complement our existing business Growth Integrate sales, marketing and brand messaging strategies across companies with integrated product offer
Slide 31: Pre IPO Pro Forma Balance Sheet
BOXLIGHT. Pre IPO Pro Forma Balance Sheet (in thousands) As of March 31, 2015 Cash & Cash Equivalents S 5,518 Working Capital S$ 3,283 Goodwill S$ 10,557 Intangibles S 14,184 Long-Term Debt S 1,483 Equity $ 28,353 Note: Pro Forma numbers are pre-raise and post acquisition
Slide 32: Use of Funds
BOXLIGHT. Use of Funds Working Capital, R&D, $950 $2,000 Sales & Marketing, $1,000 ERP, $300 Capital Expenditures, $1,000 (in thousands)
Slide 33: Capitalization Table
BOXLIGHT. Capitalization Table Including acquisitions effective upon IPO Common Shares Outstanding? 6,159,958 Warrants Outstanding? 671,885 Options Outstanding? 1,111,728 Fully Diluted Shares Outstanding 7,943,571 (1) Includes acquisitions effective upon IPO and a public offering price of $11.00 per
Slide 34: Thank You
BOXLIGHT. Thank You www.boxlightcorp.com