Zapp Electric Vehicles Group Limited · OTC:ZAPPF
Zapp Electric Vehicles — CIIG Capital Partners II — SPAC Merger (November 2022)
43 slides from Zapp Electric Vehicles's SPAC merger presentation, Nov 22, 2022
Slide 1: Investor Presentation November 2022
Exhibit 99.2 Investor Presentation November 2022
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, REPRODUCTION, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR IN OR INTO OR FROM THE UNITED STATES OF AMERICA (EXCEPT TO QUALIFIED INSTITUTIONAL INVESTORS AS DEFIN
Slide 3: Disclaimer (Cont'd)
Disclaimer (Cont’d) This presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any securit
Slide 4: Disclaimer (Cont'd)
Disclaimer (Cont’d) The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of PubCo’s registration statemen
Slide 5: Disclaimer (Cont'd) Industry and Market Data
Disclaimer (Cont’d) Industry and Market Data In this presentation, Zapp, PubCo and CIIG II rely on and refer to certain information, estimates and statistics obtained from third-party sources. You are cautioned not to give undue weight to such estimates. None of Zapp, PubCo and CIIG II have independ
Slide 6: Transaction Overview
Transaction Overview ▪ Zapp, headquartered in the UK, designs and sells high-performance two-wheel electric vehicles ▪ CIIG Capital Partners II, Inc. ( CIIG2 ) has approximately $294 million of cash in trust as of September 30, 2022 Overview ▪ On November 22, 2022, Zapp and CIIG2 entered into a busi
Slide 7: Unique Investment Opportunity
Unique Investment Opportunity 1 1| Large and Growing (~$130bn ) Global Powered-Two-Wheeler (“P2W”) Market Strong organic and replacement demand for electrification in largely underpenetrated EV two-wheeler market provides attractive opportunity 2| Innovator in High-Value Electric “Urban Motorcycle”
Slide 8: Company Highlights
COMPANY HIGHLIGHTS 7
Slide 9: Team Zapp
Team Zapp Experienced Entrepreneurs and Professionals with a Strong Track Record Tony Posawatz Swin Chatsuwan Jeremy North Founder & CEO Chairman Co-founder & President Warin Thanathawee David McIntyre Kiattipong Arttachariya Pongsatorn Sukhum Chief Commercial Officer Chief Technology Officer Co-fou
Slide 10: Zapp at a Glance: Key Achievements to Date
Zapp at a Glance: Key Achievements to Date Highly Experienced and Result-Oriented Team i300 won multiple Contract Manufacturing Point-of-Sales rollout mobilized design awards Agreement signed (Approx. 200 reseller applications received worldwide) 2019 2020 2021 2022 i300 proof-of-concept Receivables
Slide 11: Product Differentiation
CEG PRODUCT DIFFERENTIATION
Slide 12: Unique Positioning
Unique Positioning Zapp’s First Product Positioned by High-Design, Lifestyle/Quality Proposition, as Solution for Advanced Urban Mobility Riders Delivery/Utilitarian Proposition Lifestyle/Quality Proposition High-priced Leisure Proposition Characteristic Zapp’s first product : ▪ Obsolete performance
Slide 13: Sustainable High-Performance Urban Mobility
Sustainable High-Performance Urban Mobility Step-Over (motorcycle) Performance in Step-Through (scooter) Form Factor Superbike Acceleration 0-30 mph (0-48 km/h) in 2.3 sec, 0-60 mph (0-97 km/h) in 5.0 sec Superbike Specifications High-torque special IPM e-motor, upside down forks, 4-piston caliper A
Slide 14: Patent-Pending Innovative Exoskeleton
Select Media Coverage Patent-Pending Innovative Exoskeleton Benefits ▪ Reduces overall components “That re-imagination starts with a lightweight composite body and alloy ▪ Simplifies manufacturing assembly exoskeleton that contributes to the i300's total weight of just 200 pounds ▪ Lowers weight and
Slide 15: Eliminate Range Anxiety, Charge Anywhere
Eliminate Range Anxiety, Charge Anywhere Unique Independent, Ultra-Lightweight Portable Dual Battery Packs that Operate Independently Key Customer Benefits 1 Charge Anywhere Performance Portable Mounted Underfoot • Clears space under seat for • Quick charge time: ~40 • 13lbs (6kg) • Uses any standar
Slide 16: Zapp's Unique Positioning in Battery Pack Solutions
Zapp’s Unique Positioning in Battery Pack Solutions High Performance Independent Battery Pack Solution Designed for Urban Use Portable Battery EVP2W Brands Swapping-Dependent EVP2W Brands 88 ~ 88 lbs (40 kg) Gogoro 3 SBMC Network ~ 24 lbs (11 kg) 24 ~ 21 lbs (9 kg) ~ ~ 18 lbs (8 kg) ~ 21 18 ~ 13 lbs
Slide 17: Fit for Purpose, Great Value for Performance
Fit for Purpose, Great Value for Performance 0-30 mph Vehicle Power Removable Removable 1 Brand Model (0-48 km/h) Price EU Presence Weight (Peak) Battery Battery Weight Acceleration 13 lbs 264 lbs 2.3sec 14kW $7,107 ✔✔ (6 kg) (120 kg) 431 lbs 3.1 sec 60kW $16,999 - - ✔ (195 kg) Del Mar 510lbs 2.6 se
Slide 18: Manufacturing / Supply Chain
MANUFACTURING / SUPPLY CHAIN 17
Slide 19: Manufacturing Outsourced to Global Tier-1 Firm
Manufacturing Outsourced to Global Tier-1 Firm Summit Group is a Large, Established Automotive Manufacturers in SE Asia ▪ Over 50 years of manufacturing know-how in automotive space ▪ Ability to produce its own tooling and R&D combined with periodic production enhancements ▪ All factories have passe
Slide 20: Zapp's Design For Manufacturing (DFM)
Zapp’s Design For Manufacturing (DFM) Designed-In Maximization of EV Drivetrain and Exoskeleton Innovation to Change Manufacturing Paradigm Assembly Components Assembly Time Only 82 Only 165 <30 1 Steps Components Minutes De-Risk Manufacturing and Optimize Manufacturing Procurement Complexity Proces
Slide 21: Flex Manufacturing Through Simplified Assembly
Flex Manufacturing Through Simplified Assembly 4-Station, Non-Belt Production Line Capability to Achieve High Efficiency and Yield Station 1 Station 2 Station 3 Station 4 Chassis Mechanical Electrical Bodywork Capacity 2 1 Summit’s pre-existing capacity of 215,000+ ft can be allocated to Zapp and co
Slide 22: Balance Sheet-Light Model
Balance Sheet-Light Model Enabled by Contract Manufacturing and Receivables Financing Basis Summit Capacity Expansion 2023 2024 2025 2026 Roll-Out for Zapp 2 Factory Floor Space (ft ) 5,380 53,800 107,600 215,200 Assembly line 1 6 10 10 Manpower 14 42 65 80 Type of Process Fully Manual Process Parti
Slide 23: Blue Chip Suppliers
Blue Chip Suppliers Strategic Partners Provide Ease of Scalability Components from Blue Chip Suppliers Premium-Quality Proprietary and Custom Components Through Summit Exo- Battery Composite Bodywork skeleton Packs Assembly Logistics Sea General Assembly Inland Alloy Freight Swing-Arm Wheels 22
Slide 24: Gen-2 Sustainability
Gen-2 Sustainability Strong Emphasis on Full-Cycle Sustainability Designed for fewer components and simplified assembly process Bodywork from composites with green-to- Design make materials ▪ NONA-carbon fiber composite ▪ Bio-Flax composite ▪ Ocean-recycled plastic Battery Batteries can be refurbish
Slide 25: Go-To-Market Strategy
GO-TO-MARKET STRATEGY
Slide 26: Largely Untapped ~$130BN Electrification Opportunity
EVP2W Companies within Pure-Play EV Landscape Largely Untapped ~$130BN Electrification Opportunity Two-Wheel Market Highly Fragmented EV Markets 1 TAM (2022): ~$130BN Passenger Vehicles 3 High Utility Regional Global Commercial Vehicles 2 2 Moderate-Performance High-Performance 3 Moderate Utility No
Slide 27: Taking Advantage of the Momentum
Taking Advantage of the Momentum P2W Market is Currently ~$130bn and Growing, with Faster Transition to EVs 1 Market Size ($bn) $224 8% CAGR $130 2 ICE Market 13% CAGR $64 EV Market $27 2022 2029 Penetration 21% 29% 1) Source: Fortune Business Insights. 2) Internal Combustion Engine. 26
Slide 28: Favorable Regulation Tailwinds for EV Adoption
Favorable Regulation Tailwinds for EV Adoption Oslo 2030 ▪ More and more cities, especially in Europe, are implementing fossil fuel prohibition and penalizations for P2W Copenhagen 2030 Bristol ▪ Support from most governments around the world, 2021 Amsterdam especially Europe 2025 Oxford The Hague 2
Slide 29: Omni Sales Channels to Maximize Volume Growth
Omni Sales Channels to Maximize Volume Growth Retail Point of Sales (Agency Model) Full-stack E-Commerce System Authorized Resellers Online Resellers / Influencers ▪ Serve as a physical retail point-of-sales (POS) ▪ Allows the company to broaden reach to its e-▪ All sales channels are driven to Zapp
Slide 30: Initial Target Markets
Initial Target Markets 1 P2W Market Sizes in Target Markets in 2021 (#of Vehicles Sold Annually in Units) France Germany Italy Spain USA Turkey Greece S. Korea Portugal UK 206,955 199,132 269,600 166,513 107,270 152,623 550,000 255,961 36,925 38,550 1) Motorcycle and scooter production volume in 202
Slide 31: Drop-Ship-Direct-To-Customer
Drop-Ship-Direct-To-Customer Dealership Model Eliminated ▪ Eliminates the dealership model and allows Zapp to control a high-quality user experience, including fixed pricing ▪ Complements the personalization strategy, avoids inventory build-up, both at the POS and at Zapp, as part of our asset-light
Slide 32: After-Sales Care Through Our Zappers
After-Sales Care Through Our Zappers “We Come to You” Branded Zapper Vans Expected to Operate After-Sales Care as well as Initial Deliveries to Customers Who are Zappers? ▪ Zapp franchised and trained technicians ▪ Zapper vans expected to be owned and operated by individual franchisees ▪ Fully-equip
Slide 33: Longer-Term Product Roadmap
Longer-Term Product Roadmap Future Product Platforms Aim to Fill All Key Targeted Segments with Differentiated Attributes Mid-Term Long-Term Current Smaller, more affordable in emerging markets 2 2 i300 i125 i100 Key Selling Gen-2 green, high design, Smaller version of i300 Gen-2 green, high design,
Slide 34: Transaction Overview
TRANSACTION OVERVIEW 33
Slide 35: Transaction Overview
Transaction Overview Key Transaction Terms Redemption Scenarios 2 Illustrative Pro Forma Valuation 0% 80% ▪ Transaction expected to result in approximately $274 million of cash Share Price $10.00 $10.00 (assuming 0% redemptions) or $39 million (assuming 80% Pro Forma Shares Outstanding (mm) 85.2 62.
Slide 36: Thank you
Thank you Design-Led Electric Personal Urban Mobility Solutions 35
Slide 37: Appendix
APPENDIX 36
Slide 38: Risk Factors
Risk Factors The risks presented below are certain of the general risks related to PubCo’s business, industry and ownership structure and are not exhaustive. The list below is qualified in its entirety by disclosures contained in future filings by PubCo, its affiliates or by third parties with the S
Slide 39: Risks Related to Zapp's Business and Industry (Cont'd)
Risks Related to Zapp’s Business and Industry (Cont’d) ▪ Increases in costs, as a result of inflation or otherwise, disruption of supply or shortage of materials, in particular for lithium-ion battery cells and electronics subcomponents could harm our business. ▪ Leveraging contract manufacturers, i
Slide 40: Risks Related to Zapp's Business and Industry (Cont'd)
Risks Related to Zapp’s Business and Industry (Cont’d) ▪ We may become subject to product liability claims, which could harm our financial condition and liquidity if we are not able to successfully defend or insure against such claims. ▪ Our insurance coverage strategy may not be adequate to protect
Slide 41: Risks Related to Zapp's Business and Industry (Cont'd)
Risks Related to Zapp’s Business and Industry (Cont’d) ▪ Our business prospects, financial condition and operating results may be adversely affected by pandemics (including COVID-19) and epidemics, natural disasters, actual or threatened war (including the conflict in Ukraine), terrorist activities,
Slide 42: Risks Related to CIIG II and the Business Combination (Cont'd)
Risks Related to CIIG II and the Business Combination (Cont’d) ▪ If the proposed Business Combination’s benefits do not meet the expectations of investors or securities analysts, the market price of CIIG II’s securities or, following the consummation of the proposed Business Combination, the combine
Slide 43: Risks Related to Investment in a Cayman Islands Company and PubCo's Status as a FPI
Risks Related to Investment in a Cayman Islands Company and PubCo’s Status as a FPI ▪ PubCo will qualify as a foreign private issuer within the meaning of the rules under the Exchange Act, and as such PubCo is exempt from certain provisions applicable to United States domestic public companies. ▪ As
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