Braiin Limited · NASDAQ:BRAI
Braiin — SPAC Merger (March 2023)
25 slides from Braiin's SPAC merger presentation, March 2023
Slide 1: Northern Revival Acquisition Corp.
NORTHERN REVIVAL ACQUISITION CORP.
Slide 2: Notice and Disclaimer
Notice and Disclaimer THIS PRESENTATION (TOGETHER WITH ORAL STATEMENTS MADE IN CONNECTION HEREWITH, THIS “PRESENTATION”) IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION HAS NOT BEEN APPROVED BY ANY REGULATORY AUTHORITY. THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER TO SELL O
Slide 3: Notice and Disclaimer
Notice and Disclaimer These forward-looking statements are subject to a number of risks and uncertainties, including, the inability of the parties to successfully or timely consummate the Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or
Slide 4: Notice and Disclaimer
Notice and Disclaimer The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing the financial measures of Braiin with other similar companies, many of which present
Slide 5: Today's Presenters
Today’s Presenters Braiin Limited Northern Revival Acquisition Corporation Natraj Darren Aemish Manpreet Balasubramanian McVean Shah Singh Chief Executive Officer Executive Director and Chief Executive Officer Chief Financial Officer Chief Technology Officer Chairman Confidential – Not For Distribut
Slide 6: NRAC SPAC Overview and Investment Thesis
NRAC SPAC Overview and Investment Thesis Braiin Business Combination Investment Thesis § NRAC invests in sustainable companies with enduring business models § High growth, revenue and EBITDA positive business with diverse and expansive total addressable markets, positioned for long-term geographic p
Slide 7: Braiin Business Overview
Braiin Business Overview • Braiin is an Australia-based company that provides precision agriculture solutions to farmers, and land bureaus in the APAC region Company • Braiin provides two types of solutions: (1) drones and operational AI and software which assess and monitor land performance and del
Slide 8: The Braiin Value Proposition
The Braiin Value Proposition Precision Agriculture is a very attractive market for high value suppliers § In 2021, the precision agriculture industry totaled $8 billion and is expected to reach to ~$14.6 billion by 2026 § The business’ fully integrated platform creates embedded moats against innovat
Slide 9: Braiin Overview
Braiin ; Overview
Slide 10: Braiin Management Team
Braiin Management Team Natraj Darren Jay Balasubramanian McVean Stephenson Chief Executive Executive Director and Non-Executive Director, Officer Chief Technology Officer Company Secretary and CFO Experienced Tech Entrepreneur in Experienced Tech Entrepreneur in Experienced in manufacturing and SaaS
Slide 11: Connected agriculture expected to transform traditional farming
Connected agriculture expected to transform traditional farming “If connectivity infrastructure is implemented Connected Agriculture Use Cases successfully in agriculture, the industry could Autonomous- Smart-Crop Smart-Livestock Smart-Building & tack on $500 billion in additional value to the Monit
Slide 12: Braiin sits at the center of a highly attractive AgTech segment
Braiin sits at the center of a highly attractive AgTech segment Precision Agriculture is revolutionizing traditional farm management through automation, insights and connectivity Traditional Farm Precision Management x Manual labor intensive Agriculture ü Robotics-enabled operations x Reactive ü Act
Slide 13: Braiin solves four fundamental problems
Braiin solves four fundamental problems Industry Problem The Braiin Solution Labor shortages and rising costs Automated Cultivation at Lower Costs Labor accounts for +60% of agriculture costs , forecast to increase 1 Braiin’s technology enables crop-spraying at 15x the speed of traditional further w
Slide 14: Technology of choice for permanent crop spraying and servicing
Technology of choice for permanent crop spraying and servicing Row Crops Permanent Crops Crop-spraying Examples Rice, wheat, corn, barley, soybean Trees, bushes, vines drones are the best (e.g., tea, rubber, oil palm, etc.) robotics option for Plant Cycle servicing permanent Annual Perennial (Typica
Slide 15: APAC leader offering an end-to-end precision agriculture platform solution
APAC leader offering an end-to-end precision agriculture platform solution Platform Solution Turnkey offering that provides the connectivity infrastructure, drones, Managed imagery, analytics, and actionable productivity recommendations as a Service Provider service with Cap Ex or Op Ex to the Solut
Slide 16: Vertically integrated platform for the new age farm
Vertically integrated platform for the new age farm “With three well established, fully integrated divisions providing digital solutions to the Robotics Division agriculture sector across drones, analytics & (Drones) AI/ML and connectivity, Braiin is able to provide complete end to end solutions to
Slide 17: Robotics division value proposition
Robotics division value proposition Drone based crop spraying Braiin provides customized agriculture drones for crop spraying: • Fully autonomous agricultural drones covering up to two to three hectares per hour, carrying 15kgs of chemicals • Provides users a dashboard with detailed maps of plantati
Slide 18: IoT division value proposition
IoT division value proposition Agriculture connectivity infrastructure • Braiin’s technology provides a connectivity solution as well as reporting on Braiin (drones) and other third party IoT assets • Some of the IoT devices which Braiin sells and services include: • IoT (Internet of Things) Automat
Slide 19: Software and analytics division value proposition
Software and analytics division value proposition Integrating software and analytics for smarter farms • The division specializes in the development of innovative and transformative artificial intelligence and blockchain technology, which can improve supply chain transparency, speed up payment proce
Slide 20: Large customer base across regions and channels
Large customer base across regions and channels IoT business (dealer/distributors) Robotics (direct) Software (direct) (Japan) (Australia) (Sri Lanka) (Sri Lanka) (India) (Australia) (The Netherlands) (Australia) (Sri Lanka) (Sri Lanka) (China) (Maldives) (India) (Australia) (Sri Lanka) (Sri Lanka)
Slide 21: Braiin is targeting favorable markets based on competition and regulation
Braiin is targeting favorable markets based on competition and regulation Free From Supportive Drone Growth Markets AgTech Mkt Size ($MMs) Strategic Rationale Competition Regulations Sri Lanka and Sri Lanka $180 ▪ Initial contracts and supportive Priority Markets (260K hectare tea) regulations Demon
Slide 22: ESG: Environmental and social impact in the developing world
ESG: Environmental and social impact in the developing world Significantly Increased Productivity Helps farmers in the developing world to significantly increase productivity of crops and thereby their wages by using cutting edge technology Improved Human Health Reduces health by reducing related di
Slide 23: Braiin's leadership has an executable plan to drive long term growth
Braiin’s leadership has an executable plan to drive long term growth Global expansion 2024 Onward Expand and scale 2023-2024 Prove our value in Sri Lanka 2015 - 2022 Initial scale and refinement Regional growth Global expansion Developed fully fledged offering serving Sri Leverage success in current
Slide 24: Summary of Terms
Terms Summary of ;
Slide 25: Summary of proposed terms
Summary of proposed terms Summary of Key Transaction Terms Illustrative Pro Forma Capitalization • Enterprise value of $190 million Existing Braiin Shareholders 65.1% • The transaction will be funded with $40 million consisting of a combination of cash in trust and PIPE Public Shareholders 11.6% • 1