Vision Marine Technologies Inc. · NASDAQ:VMAR
Vision Marine Technologies — Investor Presentation (May 2023)
27 slides from Vision Marine Technologies's investor presentation, May 12, 2023
Slide 1: Investors Presentation
INVESTORS PRESENTATION CORPORATE PRESENTATION MAY 2023 APRIL 6, 2023 1
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: Mission: disrupt the traditional boating industry with electric power
Vision Marine’s mission is to disrupt the traditional boating industry, transforming the boating experience, with electric power. 3
Slide 4: Market Size - US $17 billion
Transforming the boating experience with electric power. Market Size - US $17 billion BOAT ENGINE MARKET - US $12B RENTAL MARKET -US $5B First Mover advantage Highly profitable, proven and product leadership in electric rental and electric ready to capture membership division transitioning market th
Slide 5: A Profoundly Important ESG Company on the Water
FROM TO A Profoundly Gas Engines Electric Engines Important ESG Company on the Water. Ownership Membership Our purpose is not just a better boating experience, but also helping preserve the clean New Hulls Recycled Hulls waters that we live in 5 5
Slide 6: Start of a US $12 billion transition to electric
We are just at the start of a US $12 billion transition to electric with Vision Marine in a leadership position 2015 2035 6
Slide 7: Vision Marine's 5 Key Strategies to Win
Vision Marine’s 5 Key Strategies to Win Best product in The Right Built to Proprietary Battery Unique Boat the marketplace Leadership scale up fast Tech Manufacturer Partnerships The most powerful A Visionary and With global Fundamental to engine chosen by the creative leader in engineering winning
Slide 8: Four key ways we are executing against our strategy
Four key ways we are executing against our strategy INNOVATION CUSTOMER FOCUS ACCOUNTABILITY PASSION TO WIN Encourages employees to An obsession with Delivery is as important as Relentless hunger and think differently delivering a better boating the promise. drive to win as a team experience for the
Slide 9: First production ready, high performance 180 hp electric powertrain
The first production ready, high performance 180 hp fully electric powertrain and engine to disrupt the market The only turn key solution for boat manufacturers in its class. Vision Marine’s proprietary technology, from batteries, to engine, to software is unparalleled in the market. Fully Charges O
Slide 10: Clear product leadership in competitive landscape
Clear product leadership in competitive landscape Power 180 HP 120 HP 80 HP Voltage 660 V 730 V 350 V Battery Pack 64 or 86 KwH 2 x 63 KwH 2 x 40 KwH Charger 6,6 KwH 3,3 KwH 2,0 KwH Display 2 x 10 inches 10 inches 10 inches Availability Now 2023 Now Price (USD) +/- $90,000 +/- $106,800 +/- $125,000
Slide 11: 180 HP powertrain is cheaper than gas over 6 years
Vision’s 180 HP powertrain is cheaper than gas over 6 years of ownership Traditional Gas 180 HP Engine Electric 180 HP Engine US $3,950 /month Monthly US $2,700 /month 27 tons Carbon output 0 Extensive Maintenance $100 US $284,500 Price US $193,632 One Gallon of Fuel 19.8 Pounds (lb) of Marine Marin
Slide 12: Significant barriers to entry
Significant Barriers to entry - Vision Marine has ten years of IP development and proprietary tech in electric engines & powertrains US $10 Million 25,000 hours of 10,000 hours of development Specialist Research of Testing & development 12
Slide 13: Unique partnership allows reliable production at scale
Vision Marine’s unique partnership allows for reliable production and at scale Vision Marine executed a manufacture & supply agreement with McLaren Engineering, a wholly owned subsidiary of Linamar Corp. McLaren will help mitigate McLaren has productive supply chain related capacity of up to 18,000
Slide 14: Proprietary battery pack
We have a proprietary battery pack to help us dominate the electrical powertrain market 10 years developing proprietary marine certified battery cells Custom design marine grade battery packs Octillion has a production capacity of up to 10,000 batteries per day 14
Slide 15: A team built to innovate, deliver & grow at scale
A team built to innovate, deliver & grow at scale Alexandre Mongeon Xavier Montagne Carter Murray CEO CTO Chairman Clear vision for Electric Track record for Innovation Proven track record for delivering growth at scale Innovator in the industry Proven leader in design Deep global corporate Unique r
Slide 16: Winning in the heart of the Outboard Engine Market
Generating early sales Winning in the heart of the Outboard Engine Market Our focus is on the largest, and fastest growing, sector of the Outboard Market 175 - 200 HORSE POWER MARKET 18’ - 28’ BOATS 16
Slide 17: Winning in Rivers and Lakes and coastal waterways
Winning in Rivers and Lakes and coastal waterways Pontoons are ideal for electric and 180 hp outboard. 18’ - 28’ BOAT MARKET Outboard Lake and River 175hp - 200hp Outboard motor market Over 60,000 pontoons are sold in the American market each year. 17
Slide 18: A clear plan and timeline to generate sales with boat manufacturers
A clear plan and timeline to generate sales with leading boat manufacturers Research and Integration Oem Dealer Oem dealer Onsite End Sale development & Testing sell in and Powertrain activation with OEM training Purchase with dealer Currently here in market PRODUCTION READY New Product - 24 month p
Slide 19: Winning 1% of the outboard market
Winning 1 % of the outboard market would represent over US $3 Earnings per share (Current Share price $4) In 2020, 330,000 OUTBOARD GAS ENGINES WERE SOLD 1000 engines/powertrains or $US 100 million in sales With it’s first sales Vision Marine will be cash flow positive in 2024 19
Slide 20: Proven, highly profitable rental and membership division
Vision Marine also has a proven, highly profitable rental and membership division Unique boat design and construction VMAR Electric Engine Technology Proven, low maintenance Operational Model Proprietary, customized Software 20
Slide 21: Newport Flagship Rental & Membership Location
Our Newport Flagship Rental & Membership Location 35 Boats and growing 300,000 + clients in the first three years $4 million annualised 35% Profit Margin ( + Sales revenue from used boats every 2 years) 21 21
Slide 22: Rapid expansion in the works & large market opportunity
Rapid Expansion in the works & a large market opportunity 8,000 Marinas in the world & 10,000 Waterfront Resorts and Marinas 2020 – 2023 ● Proof of concept – Boats, Software, business model ● Finalising Franchise model and branding 2023 ● Roll out Two further fully owned locations launched ● Launch
Slide 23: Franchise model would allow a highly profitable model to scale fast
Franchise Model would allow a highly profitable model to scale fast Current Franchise Exploratory and modelling* Franchise Purchase - Affordable buy in for franchisee and highly profitable for Vision Marine Ongoing Revenues - Early modeling suggest up to 100% potential annualized returns for Franchi
Slide 24: Tipping point in 2024 to accelerated growth
Tipping point in 2024 to accelerated growth 2025 & beyond FAST SCALED End of 2025 Growth & 2024 Two Profitable Profitability & VMAR Growing Cash flow Divisions positive end year 2020 – 2023 Investment Powertrain R&D 24
Slide 25: Current market cap and key facts
Transforming the boating experience with electric power. Market Size - US $17 billion Vision Marine (NASDAQ listing VMAR) Current Market Cap ~US $45 million No Debt Highly Profitable and growing rental division First Revenue from Powertrain 2023 30% ownership directors & Officers Cash Flow Positive
Slide 26: Capitalization Structure
CAPITALIZATION STRUCTURE As of April 2023 Issued & Outstanding 9,545,256 Options * 1,119,608 Warrants ** 1,231,112 Fully Diluted Shares 11,895,976 Directors & Officers 33% Cash on hand Feb 2023 $4 million No Debt *Options: Exercisable from $2.18 to $7.57 ** Warrants: Exercisable from $4.21 to $12.50
Slide 27: Investors Presentation
INVESTORS PRESENTATION CORPORATE PRESENTATION MAY 2023 APRIL 6, 2023 27
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