WEYL - Empowering Businesses Around the World with Leading m-Commerce Solutions - Emerging Markets Consulting, Llc.
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WEYL
Empowering Businesses Around the World
with Leading m-Commerce Solutions
Corporate Presentation February 2020
Important Disclaimer; Cautions Regarding Forward Looking Statements OTCQX: WEYL This presentation (the “Presentation” or “Overview”) is solely for information purposes about Weyland Tech Inc. (“Weyland Tech” or the “Company”). In furnishing this Overview the Company reserves the right to amend or replace the Overview at any time and undertakes no obligation to provide the recipient with access to any additional information. Although the Company may provide additional information to interested parties concerning Weyland Tech, the Company shall not be obligated to update or correct the information set forth in the Overview or to provide, update or correct any additional information. Nothing in this Overview is, or should be relied upon as, a promise or representation as to the future. The summary information contained herein has been prepared to assist interested parties in making their own evaluation of Weyland Tech and does not purport to contain all the information that such interested parties may desire. In all cases, interested parties should conduct their own investigation and analysis of Weyland Tech, its business, prospects, results of operations and financial condition. The Company has not independently verified any of the information set forth herein, including any statements with respect to prospects of Weyland Tech or the assumptions on which such statements are based, and does not undertake any obligation to do so. Weyland Tech does not make any representation or warranty, express or implied, as to the accuracy or completeness of this Overview or the information contained herein and nei ther of such parties shall have any liability for the information contained in, or any omissions from, this Overview, nor for any of the written, electronic or oral communications transmitted to the recipient in the course of the recipient’s own investigation and evaluation of Weyland Tech. Neither the receipt of this Overview by any person, nor any information contained herein or supplied herewith or subsequently communicated in written, electronic or oral form to any person in connection with a potential transaction with Weyland Tech constitutes, or shall be relied upon as constituting, the giving of investment advice by the Company to any such person. Each person should make their own independent assessment of the merits of the transaction and should consult their own professional advisors. This presentation does not constitute an offer or invitation to subscribe for or purchase any securities and neither this Ove rview nor anything contained herein shall form the basis of any contract or commitment whatsoever. It may contain certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements. © Weyland Tech Inc. 2020, 2019, 2020 All Rights Reserved. Product of CMA. 13120 2
Key Stats: WEYL (OTCQX) OTCQX: WEYL Stock Price (1/31/20) $0.37 Total Revenue ttm $30.0M Annual Revenue Growth 52 Week Low-High $0.25 - $0.99 Net Income ttm $(3.3M) $millions Avg. Vol. (3-mo) 86,733 Cash @ 9/30/2019 $5.8M Shares Outstanding 128.3M Total Assets $11.7M Public Float, est. 15.9% Total Debt $0 $30.0 Market Cap $47.5M Total Liabilities 2 $5.4M Enterprise Value1 $41.7M Dividend Yield N/A $22.7 Insider Holdings, est. 7.3% Full-Time Employees 17 Institutional Holdings
Who We Are OTCQX: WEYL
m-Commerce App Platform for SMBs in Emerging Markets
• CreateApp™ Platform-as-a-Service (PaaS) for mobile devices.
• Enables small- to medium-sized businesses (SMBs) to market,
sell and deliver their goods and services via any mobile device.
• Easy-to-use, DIY interface: no programming or technical
knowledge required – anyone can create a full-featured
custom app for their business in under two hours.
• Offered across Southeast Asia in 14 languages – region with
world's most active mobile users.
• AtozPay™ e-Wallet solution for e-Money transactions,
integrated with CreateApp.
• AtozGo™ last-mile food delivery.
• HQ in Singapore; 200-person development team in Jaipur,
India.
4
Push Interactive Acquisition
U.S.-based End-to-End eCommerce Platform OTCQX: WEYL
• Nov. 26, 2019: Agreed to acquire assets and End-to-End eCommerce Platform for SMBs & Brands
operations of Push Interactive in a stock-based
transaction.
• Major synergies and cross-selling opportunities
• Creates Shopify-like native mobile app solution for
U.S. SMBs.
• Introduces CreateApp to U.S. market at lower
customer acquisition costs and higher pricing.
• CreateApp and AtozPay to support existing Push e-
Commerce enterprise customers and campaigns.
• Closing targeted by yearend 2019.
• Weyland & Push combination expected to drive
100% top-line growth in 2020.1
1) Outlook issued and effective only as of November 25, 2019. 5
Fast-Growing m-Commerce & e-Commerce Markets
Asia-Pacific & U.S. OTCQX: WEYL
Asia-Pacific m-Commerce Market e-Commerce Market - U.S. & Global4
$450 Billion
e-Commerce Market
1.1 Trillion 350M Growing $40B Annually
Asia-Pacific Mobile “Mobile-First” Internet
Online Retail Sales by Users in S.E. Asia
2021 @ 13% CAGR1 Most Engaged Mobile $4.1T
Users Globally3
Indonesia
$1.9T
Fastest Adoption of Mobile Apps
Largest & Fastest-growing Internet Economy:
$28B @ 49% CAGR -> $100B by 20252
1) Infotechlead 2016 2017P 2018P 2019P 2020P
2) Adjust Global App Trends 2019 Global Bench Marks Report
3) Think with Google e-Conomy SEA 2018: Southeast Asia’s internet economy hits an inflection point
4) eMarketer, Aug. 2017
Global e-Commerce Sales
6
m-Commerce Landscape:
Southeast Asia & U.S. OTCQX: WEYL
U.S. Mobile m-Commerce
Southeast Asia m-Commerce
• SMBs in Southeast Asia:
• 89% - 99% of total business.
• 52% - 97% of total employment in the 10 ASEAN (Assoc. of
South East Asian Nations) member states.1
• ASEAN economy growing >5% per year; on track to become
fourth largest economy in the world by 2030.1
• 90%+ of Internet users use Smartphones.
• S.E. Asian mobile users spend an average of 3.6 hours/day U.S. m-Commerce:
on their devices – more than any other region in the world.2 Percentage of Overall Retail Commerce Sales5
53.9%
49.2%
• 60% of 260 million Indonesians are under 40 with mobile 44.7%
39.6%
penetration at 70%.3 34.4%
1) SMEs as the Backbone of Southeast Asia’s Growing Economy
2) The Growth of Southeast Asia’s Internet economy is exceeding earlier projections
3) Southeast Asia eclipses China as the world’s mobile economy hotspot
4) OuterBox 2018
5) Statista July 2019 2017 2018 2019 2020 2021 7
Weyland Tech m-Commerce Platform OTCQX: WEYL
CreateApp
Platform-as-a-Service
Easy-to-use, DIY interface: no
programming or technical LOGISTICS MARKETING & ANALYTICS MOBILE FINTECH
knowledge required. • e-Wallet solution for e-Money
• Product/service search & • Customer profiling & mgmt
Anyone can create a full- discovery transactions
• Predictive recommendations
featured custom app for their • Point-of-Sale transactions
• Shipping & tracking • Market intelligence
business in under two hours. • Bill-pay and Top-up
• Appointments & reservations • Discovery and promotion
• C.O.D. delivery e-payments
• Warehousing & inventory mgmt • Messaging & Notifications
• Powered by AtozPay
• Subscription & transactional • Loyalty programs
monetization
Integrations
▪ DIY easy-to-use Interface creates mobile apps for SMBs
▪ Frictionless on-ramp to marketplace
8
AtozPay Payment Platform OTCQX: WEYL
• e-Wallet enables mobile users
• FinTech solution for businesses to go cashless
• Integrated with CreateApp platform
• Initially launched in Indonesia, where 60% of adult
population is unbanked
• Bottom-up approach to growing userbase, scaling into 2nd
and 3rd tier cities
• Layering in additional loyalty, logistics and marketing services
• 31% ownership of AtozPay subsidiary
9
CreateApp Revenue Model OTCQX: WEYL
Recurring Monthly • Recurring subscription fee.
Usage Fee • Monthly & annual subscriptions.
• No setup costs.
• Primarily Self-Service.
• Low attrition.
US $12 - $80 • White Label option: revenue share with distribution
partners who provide customer support and value-
Depending on Market, added services.
Features & Commitment
Term
Sign Up
10Competitive Landscape OTCQX: WEYL
DIY App
M-FinTech Southeast Asia
Platform
✓ ✓ ✓
Secure payment app; offers transactions & opportunities to collect points - ✓ ✓
Southeast Asia ride-hailing platform - - ✓
Platform to create iPhone & Android apps and HTML5 mobile-formatted
websites with no coding required ✓ - ✓
App builder to make an app without coding ✓ - ✓
Intuitive design engine that allows anyone to create a stunning app with
the end user in mind ✓ - -
Low-code app development platform that makes it easy to create hybrid
mobile apps, web apps and PWAs ✓ - -
Supports creation of mobile apps ✓ - -
11Key Partnerships in Southeast Asia
Expand CreateApp Market Reach OTCQX: WEYL
▪ CreateApp marketed through Indosat,
Indonesia’s second largest telecom provider
▪ 6M micro-small-business subscriber base
CreateApp Cross-Selling
Opportunity in Indonesia ▪ Up & cross-sell to AtozPay network
▪ Ad revenue & referral program (AdMob)
for CreateApp subscribers
▪ Enhanced revenue streams from Google
Marketing Strategy Adapted to AdMob on CreateApp apps
Local Conditions
12Success Stories
OTCQX: WEYL
13AtozGo Food Delivery Service OTCQX: WEYL
• AtozGo addresses need for a hyper-local, pedestrian
(foot)-powered food delivery service in urban areas.
• Fast & easy way for office workers to order food
without time and hassle of going out and waiting in line.
• Powered by AtozPay and Weyland mobile app
technology.
• Initial launch in Jakarta, Indonesia, with a population of
30M, another 3.5M commuting daily.
• Launched co-marketing program with Grab, largest
online-to-offline mobile platform in Southeast Asia.
M&A Opportunity
• Rapid growth in just five months since launch:
• AtozGo’s success expected to attract the attention of
lunchtime deliveries scaled to 15,400+ daily for 75,000+ potential acquirers
customers.
• Comparative valuations average $330 per user,
implying a current stand-alone valuation at >$24.8
million.
14Financial Highlights OTCQX: WEYL
Q3 2019 vs. Q3 2018 Results Annual Revenue Growth
$millions
Revenue: $9.0M, up 26% sequentially
Adj. EBITDA: Turned adj. EBITDA positive1 $30.0
Cash & equiv. at Sept. 30, 2019: $5.8 million
TTM @ Sept. 30, 2019 $22.7
Revenue: $30M+, 25% CAGR from 2016
$15.6
2020 Outlook:
$12.9
On track for double-digit organic growth.2
Triple digit (100%) with Push acquisition.
1) In final month of Q3. See “About Use of Non-GAAP Financial Measures” in the Appendix for definition
and additional information on company’s use of non-GAAP measures.
2) Outlook issued and effective only as of November 15, 2019.
2016 2017 2018 TTM @
3) Outlook issued and effective only as of November 25, 2019 9/30/19
15Unicorn Investment Valuations in Southeast Asia
Weyland Tech Comparatively Undervalued OTCQX: WEYL
Company Description Investors Amount Invested Valuation P/R
e-Commerce, digital Goldman Sachs &
$2B $20B 12.5x
entertainment & e-Wallet Morgan Stanley
Alibaba, Softbank,
Ride-sharing app $6.6B $20B 12x
Toyota
Transportation network & Tencent, Sequoia, KKR,
$3.3B $15B 16x
logistics Warburg Pincus
E-commerce platform Alibaba $1B $3.2B 9x
E-commerce platform in
Alibaba $1.1B $2B 11x
Indonesia
Online airline & travel
Expedia $350M $1B 10.5x
booking services
Average 11.8
vs
1.2x
16M&A Peer Comparative Valuation
Weyland Tech Comparatively Undervalued OTCQX: WEYL
2018 Revenue
Founded Purchase Price Acquired By
Revenues Multiple
India’s leading e-commerce marketplace 2007 $16B Walmart
Flipkart with 80M products across 80 categories
$3.8B 4.2x
India (77%) May 2018
One-stop shop for commerce tools – 2010 PayPal
iZettle $165M1 $2.2B 13.3x
payments, day-to-day management Sweden May 2018
Enables multi-directional payments and 2000 Nuvei
SafeCharge $138M2 $889M 6.4x
billing Israel May 2019
2006 Square
Weebly DIY website builder $83M3 (est.) $365M 4.4x
US April 2018
Online payment company providing
Red Dot 2011 PayU
premium payment solutions to $6M4 $65M 10.8x
Payment merchants across Asia Pacific Singapore July 2019
E2open
Amber Road Global trade management software 1990 $85M $425M 5.0x
May 2019
Average 7.4x
$47M
2015 $22.7M - 1.2x
Market Cap.
1) “Pa yPa l is buyi ng payments start-up i Zettle for $2.2B ahead of IPO; 2) Sa feCharge IR Site, Filings; 3) Square gets serious about omni-channel commerce; 4) CrunchBase – Red Dot Pa yment 17Public Peer Comparative Valuation
Weyland Tech Comparatively Undervalued OTCQX: WEYL
Market Cap Revenue Net Income
Ticker Share Price P/R
($M) TTM ($M) TTM ($M)
Shopify DIY e-commerce websites SHOP $465.66 $53,900 $1,417 -$127 38.1
SEA Ltd SE Asia mobile/mCom/eCom SE $45.24 $20,957 $1,681 -$1,456 12.5
Veritone AI for mobile VERI $2.24 $55.1 $48 -$65 1.1
Wix DIY e-commerce websites WIX $142.69 $7,300 $720 -$71 10.1
Average 15.5
WEYL $0.37 $37 $30 -$3.3 1.2
Share prices as of 1/31/20. 18Growth Drivers OTCQX: WEYL
Organic
• Continued focus on expanding and supporting channel
partners.
• Enhanced/expanded platform offerings.
• Gross margin improvement by introducing additional value-
added services and expanding recurring revenue base.
Acquisitive/M&A
• Introduction of CreateApp to U.S. SMB market via strategic
Push Interactive acquisition.
• Potential AtozPay liquidity event in 2020-2021 in Indonesia
or U.S. via IPO or strategic sale.
19Key Takeaways OTCQX: WEYL
• Platform-as-a-Service (PaaS) for mobile app creation
• Enables SMBs to market, promote and sell goods and
services via mobile
• Subscription-based recurring revenue stream
• Large, expanding mobile-focused global market
• New U.S. eCommerce platform supporting CreateApp
launch in North America
• Valuation multiple at discount vs. comps
• Strong growth outlook for 2020
20Contact Us OTCQX: WEYL
Company Contact Investor Relations
Brent Suen Ron Both
Chief Executive Officer Geoffrey Plank
CMA
Weyland Tech T 949.432.7566
85 Broad Street, 16-079 WEYL@cma.team
New York, NY 10004
T 808.829.1057
21Appendix
22Seasoned Management Team OTCQX: WEYL
Brent Suen Lionel Choong Eddie Foong Thet Twe Aung Matthew Brent John MacNeil
President & CEO, Director Chief Financial Officer, Chief Product Officer, Chief Technology Officer Chief Strategy Officer Chief Operating Officer
Director Director
President & CEO of Weyland 10+ years in software 10+ years in software & product 30+ years of experience in the
Tech CFO since July 2015 17+ years experience in IT, development industries. development. financial services and
sales, marketing & operations. technology industries.
30+ years in capital markets & 30+ years experience in finance Founded & served as CEO of Has built & led teams from
investment banking, Telecom, as Big 4 auditor, compliance Involved in a RFID tech Escape Pixel, digital solutions across North America, China &
Advised technology, financial
Media & Technology sectors. and CFO. company that developed and providing startup in Singapore. SE Asia to deliver global
technology and renewable
upgraded Singapore’s National products for Sony Computer
Operational experience with Former vice chairman of Active Developer/Contributor energy companies on strategic
Library books borrowing Entertainment America,
start-ups and growth Emerson Radio (NYSE: MSN) of many open source software relationships, financial
system. Activision Blizzard, The Upper
companies in Silicon Valley in projects which advance forecasting, investor relations
Former CFO of HKSE-listed Deck Co. & The Sesame Street
1990s Previously headed the sales & linguistic evolution, localization, and capital formation.
Byford London Workshop.
marketing department of Info. and cognition.
Founded Axis Trading Corp. as He received his BA in Previously served as a portfolio
Chartered Accountant Technology within MNCs &
one of the first online platforms Philosophy from the University manager for technology funds
government agencies.
for stock trading. Sold to Retired as Partner of Deloitte, of Illinois, Chicago. at Schroders Investment
Softbank in 1996. Head of Business Development Management.
for Corporate Finance
Co-founded Elevation Capital in
1997 as investor/advisor to BA in Accountancy from London Holds a Bachelor of Electrical
companies for IPO, M&A, Guildhall University, UK; Engineering from University of
partnerships and funding. Master of Business Connecticut and MBA from
Administration from Hong Kong Columbia Business School.
Began career in merger
University of Science and
arbitrage at Bear Stearns in
Technology and Kellogg School
1988 at age 20, firms’ youngest
of Management at
hire.
Northwestern University.
BA degree in Finance from
Westminster. 23Independent Directors & Board Advisors OTCQX: WEYL
Matthew Burlage Ross O’Brien Brett Lay Wil Rondini III Sim Farar Andre Peschong
Director Director Director Director Senior Advisor Senior Advisor
Has spent the last three Analyst, writer, presenter and 25+ years as senior executive 35+ Years in finance & 30+ years of experience in 25+ years of senior
decades involved in financing consultant focused on the including 15 years as CFO for investments. both public and private management & capital
and advising Asia’s leading economies and business both private & public sectors. markets experience.
corporations, government environments of the Asia- Managing Partner, Falcon
companies. Co-founder of Bridgewater
enterprises and financial Pacific with over 25 years Capital – London, England. Chairman of the U.S. Advisory
Asia Pacific CFO of Media, Commission on Public Capital.
institutions. experience in the region. Founded Falcon Capital in
Pihana Pacific/Equinox and Diplomacy. Has structured, negotiated &
Co-founded IRG, a boutique Since 2003, has been 1998.
recently completed the sale of closed more than $320M in
financial advisory and Managing Director of the From 1999 – 2000, served as
Pacnet to Telstra for $750M, 17 years as stockbroker on corporate financing, with
investment firm focused on Hong Kong operations of U.S. Representative to the 54th
where he was CFO from 2007- LaSalle Street in Chicago for M&A transactions totaling
Asia’s core growth sectors. Intercedent Asia, a region General Assembly at the
2015. one the largest international more that $100M in
wide partnership of B2B United Nations.
Advises Asian & global investment banks. enterprise value.
corporations, private equity market consultants. Served as CEO, Chairman of
funds, hedge funds and the Board, Director and Director of StereoVision
Practice focuses on market
sovereign wealth funds on a consultant to a number of Imaging, a leader in 3D facial
entry strategies for telecoms
range of transactions, including companies, including JDF recognition & identity
and IT companies, in managed
M&A, corporate restructurings, Investment Co. LLC, IFC management solutions.
and debt capital & equity. services and wireless
solutions. Financial & Services Corp. Member of Advisory Board of
Before IRG, was a managing Falcon Capital, which advises
director of Lehman Brothers in emerging growth companies
Hong Kong. on M&A, JV’s and divestitures.
24Company Timeline 2016 - 2019 OTCQX: WEYL
Sept. 2016 Dec. 2017 June 2018 Jan. 2019 July 2019 Jan. 2020
Strategic Launched e- QR Code Released Completed Acquired U.S.
licensing wallet AtozPay Local Benefits CreateApp $5M equity eCommerce
agreement in Indonesia (“OKOCE”) Version 3 funding in prep platform, Push
for Thailand Launch for Nasdaq uplist Interactive, to
Market support
CreateApp
May 2018 Nov. 2018 June 2019 launch in U.S.
Launched Partnered QR Code
AtozPay in with Merchant
Indonesia Keepital POS Launch
2016 2017 2018 2019
Nov. 2016 Mar. 2018 Aug. 2018 Apr. 2019
Expanded into Scaled AtozPay GTV to PT Finnet AtoZGo Food
high growth ~$8M annual run rate. Agreement for 5- Delivery Pilot
markets Launched m-commerce year Bank of Launch
& logistics platform Indonesia License
across Asia.
Dec. 2016 Dec. 2018 Sept. 2019
Partnered with Partnered with Rex AtozGo joins forces
DPEX Worldwide to for ‘last mile’ with Grab for short-
offer m-commerce / fulfillment platform distance food
logistics solution delivery service
25About Use of Non-GAAP Financial Measures OTCQX: WEYL
Weyland management believes the use of adjusted EBITDA is helpful to assessing the company’s financial performance. The company
defines adjusted EBITDA as income before interest and financing expense, provision for income taxes, depreciation and amortization, stock-
based compensation and acquisition expense.
Adjusted EBITDA is not a measurement of financial performance under generally accepted accounting principles in the United States or
GAAP. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a
company’s non-cash operating expenses, management believes that providing a non-GAAP financial measure that excludes non-cash and
non-recurring expenses allows for meaningful comparisons between the company’s core business operating results and those of other
companies, as well as providing an important tool for financial and operational decision making and for evaluating the company’s own core
business operating results over different periods of time.
The company’s adjusted EBITDA measure may not provide information that is directly comparable to that provided by other companies in its
industry, as other companies in the industry may calculate non-GAAP financial results differently, particularly related to non-recurring, or
unusual items. The company’s EBITDA measurement of financial performance under GAAP and should not be considered as an alternative to
operating income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. The
company does not consider adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results.
The company expects to include adjusted EBITDA in its future financial reporting, which will include a reconciliation to the nearest GAAP
measure. For the third quarter 2019, the company has reported that it believes it turned positive during the last month of the quarter, but it
is not providing a reconciliation to nearest GAAP measure in this presentation since it would require unreasonable efforts to report a
reconciliation of the entirely of this information for the singular month and for the anticipated reporting of adjusted EBITDA in future
periods.
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