Brand Engagement Network Inc. · NASDAQ:BNAI
Brand Engagement Network — SPAC Merger (September 2023)
30 slides from Brand Engagement Network's SPAC merger presentation, Sep 6, 2023
Slide 1: Investor Presentation
Investor Presentation SEPTEMBER 2023 © 2023 Brand Engagement Network, Inc. Used with permission.
Slide 2: Disclaimers
Disclaimers Basis of Presentation This Presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Brand Engagement Network, Inc. (“BEN” or th
Slide 3: Disclaimers (cont'd)
Disclaimers (cont’d) Forward Looking Statements Certain statements included in this Presentation are not historical facts but are forward-looking statements, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking
Slide 4: Disclaimers (cont'd)
Disclaimers (cont’d) Forward Looking Statements (cont’d) and “Special Note Regarding Forward-Looking Statements” in DHC’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, DHC's Annual Report on Form 10-K for the year ended December 31, 2022, and in those documents that DHC has file
Slide 5: Disclaimers (cont'd)
Disclaimers (cont’d) Important Information for Investors and Stockholders(cont’d) After the Registration Statement has been filed and declared effective, DHC will mail a definitive proxy statement and other relevant documents to its stockholders as of the record date established for voting on the Po
Slide 6: Disclaimers (cont'd)
Disclaimers (cont’d) Financial Information and Additional Information in Connection with SEC Filings (cont’d) In addition, all historical financial information included herein is preliminary and subject to change pending finalization of the PCAOB audits of BEN for the years ended December 31, 2022 a
Slide 7: Risk Factor Summary
Risk Factor Summary All references to “BEN,” the “Company,” “we,” “us” or “our” refer to the business of Brand Engagement Network, Inc. The risks presented below are certain of the general risks related to the business of the Company, and such list is not exhaustive. The list below has been prepared
Slide 8: Risk Factor Summary (cont'd)
Risk Factor Summary (cont’d) Risks Related to our Business and Industry cont. • Information technology spending, sales cycles, and other factors affecting the demand for our offerings and our results of operations may be negatively impacted by current macroeconomic conditions, including declining ra
Slide 9: Risk Factor Summary (cont'd)
Risk Factor Summary (cont’d) Risks Related to our Business and Industry cont. • We may need additional capital, and we cannot be certain that additional financing will be available on favorable terms, or at all. • Changes in our subscription or pricing models could adversely affect our operating res
Slide 10: Risk Factor Summary (cont'd)
Risk Factor Summary (cont’d) Risks Related to DHC and the Business Combination • DHC’s officers and directors presently have, and any of them in the future may have, additional, fiduciary or contractual obligations to other entities, including another blank check company, and, accordingly, may have
Slide 11: Today's Presenters
Today’s Presenters Michael Zacharski Paul Chang Chris Gaertner GLOBAL CEO GLOBAL PRESIDENT CO-CEO & CFO • Seasoned CEO with 15+ years of • 25+ years of experience launching new • 25+ years of experience in underwriting experience in the tech industry technologies including 18-year tenure and M&A • E
Slide 12: BEN's Human-Like AI Response Generation Engine
BEN’s Human-Like AI Response Generation Engine BEN is Focused on Delivering Consumers Personalized Customer Human-Like Voice/Audio, Engagement by Response Generation Computer Vision, Text Harnessing the Power and Scalability of AI Client-approved training and real- time data © 2023 Brand Engagement
Slide 13: BEN at-a-Glance
BEN at-a-Glance A Developing AI Platform Tech Driven Patent Portfolio Client Centric Strategy 2018: Started US-based operations Targeting client service businesses Began generative AI (Gen AI) with a need for increased efficiencies development 16+ 21 and enhanced customer experience 2019: Launched G
Slide 14: Transaction Summary
Transaction Summary ILLUSTRATIVE KEY HIGHLIGHTS ILLUSTRATIVE SOURCES & USES • Pre-money equity value of BEN of $250M Sources $M % BEN Rollover Equity 250 82.5 • Pro-forma equity value of the combined company of $398M Cash in Trust 49 15.3 • $358M enterprise value of the combined company to market PI
Slide 15: Modern Problems Require Modern Solutions
Modern Problems Require Modern Solutions DRIVES CUSTOMIZABLE SECURE PERSONALIZED ENGAGEMENT SCALABLE Legacy Solutions Problem: Enterprises lack a proven, customizable tool that can deliver the exciting benefits of personalized AI-driven customer service that increases brand engagement Solution: BEN
Slide 16: Key Investment Highlights
Key Investment Highlights 1 High demand for conversational AI technology with superior user experience growing to approximately $30Bn by 20281 Enterprises can leverage AI solutions that optimize costs, maintain compliance, and seamlessly ingest data / 2 educational modules for deployment in resource
Slide 17: Massive Market Opportunity
Massive Market Opportunity Target Markets Banking Auto Healthcare Retail 91% ~$85B 22.6% CAGR1 Of customers are more likely to Annual US Spending on Healthcare shop with brands that offer related Customer and Patient Services3 ~$30B personalized experiences2 ~$10B 2023 2028 Contact Hospitality Cente
Slide 18: Essential Capabilities in Enterprise-Grade AI Solutions
Essential Capabilities in Enterprise-Grade AI Solutions A Commercial-Ready Conversational AI Solution Includes… Enterprise Regulatory & Compliance Requirements Product/Avatar Capability Requirements Security Understanding • Trained on Client-Approved and Provided Data Sets, Prevents Data Leakage • L
Slide 19: AI Solution Ecosystem
AI Solution Ecosystem BEN provides a human-like interface and a safe environment through multi-model communication, delivering scaled solutions for industries impacted by labor and cost burdens and a desire to increase engagement with their customers Enterprise Market Insights ⚫ Large Language Model
Slide 20: BEN Products
BEN Products Currently available Multimodal Conversational AI & AI Avatars: Fully customizable “Human-like” AI & AI Avatars Advantages Apps and Web, Voice/Call Centers, Real World/Kiosks ✓ Full private/public LLM and/or RAG functionality: hear, see, speak, motion (Native Apps and SDK Integrations, H
Slide 21: Comprehensive and Feature Rich AI Platform
Comprehensive and Feature Rich AI Platform We believe BEN’s AI Modules have advanced capabilities compared to legacy conversational solutions: Human-like AI responses built on modern technology and supported by a strong pipeline of innovative future developments Typical Conversational AI Modules AI
Slide 22: Safe, Human-Like Interaction with AI Technologies
Safe, Human-Like Interaction with AI Technologies Secure, Private & Safe Prompt Design Voice/Audio, Input Perception & Computer Understanding Prompt Vision, Text Processing Raw Response ( LLMs, Data) Consumers Client-approved and validated data Human-Like sets for training and personalized Human-Lik
Slide 23: Go-to-Market & Tiered Pricing Strategy
Go-to-Market & Tiered Pricing Strategy Vertical Focused Illustrative Offering Tiers Healthcare Community Cloud Private Cloud Citadel Auto Financial Lowest Price Point with Customized Solution with Services Full Ring-Fenced Custom Shared Infrastructure and Proprietary Cloud Enterprise Solution Simple
Slide 24: Select Verticals Illustrate Potential US Opportunity
Select Verticals Illustrate Potential Mid- and Long-Term US Opportunity Risk Factors Management believes BEN has an opportunity for sustained growth and margin expansion over the mid-to-long-term Auto Healthcare Financial Services ~450K+ ~145K+ ~227K+ Organizations Organizations Organizations ~280K
Slide 25: CareGard / AFG Partnership
CareGard / AFG Partnership Delivering Value to a Tech-Enabled Dealership Services and Third-Party Administration Company Client’s Situation ⚫ Legacy Third-party Administration Company servicing automotive manufacturers and dealerships while leveraging a software platform to process transactions with
Slide 26: Experienced Team
Experienced Team Leadership Team Operational Team Hanseok Ko, Ph.D Patrick Nunally, Ph.D Co-CTO & Co-Founder Co-CTO & Mike Zacharski Paul Chang Lead AI Researcher Chief Scientist Co-Founder Global CEO Global President Rick Howard Tyler Luck • Seasoned CEO with 15+ years of • 25+ years of experience
Slide 27: Multiple Levers for Continued Growth
Multiple Levers for Continued Growth NEW VERTICALS EXPANSION ADDITIONAL COLLABORATIONS WITH LEADING UNIVERSITIES NEW CUSTOMER ACQUISITION LEVERAGING DIRECT AND CHANNEL SALES STRATEGY STRATEGIC M&A PRODUCT EXPANSION AND EMBEDDED SOLUTIONS ADOPTION LAND & EXPAND 27 © 2023 Brand Engagement Network, Inc
Slide 28: Comparable Companies Analysis
Comparable Companies Analysis AI / DATA DRIVEN / BPM SOFTWARE AI INFRASTRUCTURE & HARDWARE • Nascent but rapidly growing opportunity in conversational AI1 Value Drivers • BEN is an established company with an expanding patent portfolio • Differentiated approach to monetization with strong commercial
Slide 29: Comparable Company Metrics & Private AI Funding
Comparable Company Metrics & Private AI Funding PRIVATE AI LATEST VALUATION LATEST COMPANIES ($BN) FUNDING AI / DATA DRIVEN / AI INFRASTRUCTURE & MEGA CAP DATE BPM SOFTWARE HARDWARE PLATFORMS $28.0 Apr. 2023 $10.3 OCT. 2023 $8.5 DEC. 2022 $5.7 JUL. 2022 $5.0 MAY 2023 2023E 2024E 2025E 2023E 2024E 20
Slide 30: © 2023 Brand Engagement Network, Inc. Used with permission.
© 2023 Brand Engagement Network, Inc. Used with permission.
Brand Engagement Network — SPAC Merger (September 2023) on 6ix