Bigtincan (BTH) Equity Raising Presentation summary

Executive summary and business overview

• Bigtincan is a global sales enablement SaaS provider with over 2,000 deployments and 100+ Fortune 500 customers, operating across six verticals and four continents.

• GenieAI, a suite of generative AI products, drove over $3 million in AI-influenced deals in Q3 FY24, positioning AI as a core growth driver.

• The company extended its $15 million loan facility with Regal Funds Management and received a non-binding, indicative offer from Vector Capital at $0.25 per share.

• Tim Ebbeck, with significant enterprise software experience, joined the Board of Directors.

• FY24 outlook includes revenue of $120m+, EBITDA of $10m+, adjusted EBITDA of $15m+, and free cash flow of $5m+ in 2H FY24.

Equity raising details

• Underwritten 1-for-3 accelerated non-renounceable entitlement offer of 205.4 million shares at $0.10 per share to raise $20.5 million.

• Offer price represents a 23.1% discount to TERP and a 28.6% discount to the last traded price on 5 June 2024.

• New shares will rank equally with existing shares.

• Institutional offer conducted via bookbuild on 11 June 2024; retail offer opens 18 June and closes 2 July 2024.

• Henslow Pty Ltd and Canaccord Genuity (Australia) Limited are joint lead managers and underwriters.

Use of proceeds and funding allocation

• $5m allocated to core AI technology investments, including AuthoringAI and GenieAI.

• $4m for data infrastructure to support GenieAI deployment in the USA, EMEA, and Australia.

• $4.5m for market awareness, development, and sales/marketing resources focused on GenieAI, especially in the USA and Europe.

• $3m for working capital and $1m for transaction costs.