Attached files
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| 8-K - FORM 8-K - T3M INC. | d268468d8k.htm |
 T3 Motion, Inc.
AMEX: TTTM Exhibit 99.1 |
 Some of the
statements that we make in this presentation may constitute forward- looking
statements. These statements reflect management’s expectations about our
business, operating plans and performance and speak only as of the date hereof. These
forward-looking statements involve a number of risks and uncertainties that could
cause actual results to differ materially from those anticipated by these
forward-looking statements. For a full discussion of the risks and
uncertainties that could cause actual results to differ materially from those expressed
or implied by any of these forward- looking
statements
please
review
the
“Risk
Factors”
section
in
the
prospectus,
as
filed
with the Securities and Exchange Commission. We undertake no obligation to update
publicly or revise these forward-looking statements for any reason even if experience or
future changes make it clear that any projected results expressed or implied therein
will not be realized.
Safe Harbor Statement
NYSE Amex: TTTM
2 |
    Company
Overview T3 Motion, Inc. is a leading global brand
Technology company –
design and manufacture
personal electric vehicles
Current Product: T3 Series Electric Stand Up Vehicle
Target markets: Security, Law Enforcement, College
Campuses, Airports, etc.
Clients in 30 countries over 6 continents
Deployments approaching 3,000 vehicles worldwide
Annual capacity: 7,500 vehicles per year
Leverage brand to consumer market
NYSE Amex: TTTM
3
Leading provider of clean technology vehicles |
 Current
Product Overview NYSE Amex: TTTM
4
T3 Series -
Professional
Zero gas emissions; Operating Cost -
$0.10/day
Elevated 9”
platform gives better visibility
In-field swappable power management system
MSRP -
$8,999
T3 Series -
Consumer
Leverage brand to introduce consumer to
market
High-end recreational vehicle
MSRP -
$9,500
Co-branding opportunities |
 T3 Series
– Professional
Target markets: Security, Law Enforcement, College
Campuses, Airports, Parking Patrol, etc.
Clients in 30 countries over 6 continents
Deployments approaching 3,000 vehicles worldwide
Deployed in 175 police departments
Deployed in over 50 airports worldwide
Annual capacity: 7,500 vehicles per year
Cost effective:
ROI (6 months)
Reduces man hours in covering large areas
First
responders
–
able
to
cover
large
geographic
areas
NYSE Amex: TTTM
5 |
 Operating Costs
= 10 Cents Per Day* -
Price per mile is less than 1 cent on average*
Equivalent of over 500 miles per gallon*
Save over $25,000 per year over gas-powered vehicles*
Clean Energy = “Green” Results
*Based on 1 kilowatt usage per day at an average cost of 10 cents per kilowatt/200
pound average rider/Li-Poly batteries/U.S. average cost of $4.00 per
gallon/Daily operation range of 15-20 miles NYSE Amex: TTTM
6 |
 Market and
Industry Overview Industry Overview:
Billion dollar market potential for Personal Transport Vehicles
Market Overview
Total Agencies
Agencies with
T3s
Penetration
Miscellaneous
Average
units/agency
(assumption)
Estimated
Market
potential*
Law Enforcement
(include campus
police)
5,956
175
2.94%
1,017,984
Personnel
2
$107,208,000
Airports
5,202 public
use airports
(U.S.)
50+
0.96%
5
$234,090,000
Malls
48,000
303
0.63%
3
$1,296,000,000
Manufacturing and
Industrial Firms
293,919
6b Sq. Ft. Space
2
$5,290,542,000
Private Security
Companies
13,000
22
0.17%
13.3m
Employees
1
$117,000,000
Government Bases
5,311
3
0.06%
$13b Industry
2
$95,598,000
Government Buildings
10,000
7
0.07%
1.2m Security
Personnel
2
$180,000,000
Total
$7,320,438,000
NYSE Amex: TTTM
7 |
 T3 Market
Competition NYSE Amex: TTTM
8 |
 NYSE Amex:
TTTM 9
T3 Series Products
T3 Series with Non-Lethal Response Vehicle
T3 Series with LPRS
License Plate Recognition System
Automatically scans license plates -
7,500 vehicles per hour
Real-time notification of a wanted plate in 4 seconds
Wi-Fi enabled and allows plug ‘n play use
Connects directly to any handheld internet-enabled device
such as the Samsung Galaxy Tab, iPad, Motorola Droid,
Blackberry, iPod Touch or iPhone.
humane and safe initiatives used during riots and violent protests High-intensity LED deterrent light -- up to 40,000 lumens 700 rounds per minute, per gun, non-lethal shooting capabilities High-capacity air tanks with up to 10,000 round shooting capability PA system
Riot shield
Video recording capability
|
 Selected T3
Series Customers NYSE Amex: TTTM
10 |
 T3 Series
- Consumer
Launched December 2011
Full production: Q1-12
Market
Recreational vehicle
High-end consumers
Co-Branding opportunities
Custom graphic opportunities
MSPR: $9,500
Sales channel
Direct
Recreational vehicle
distribution network
NYSE Amex: TTTM
11 |
 KEY FACTS
Symbol (NYSE:AMEX)
TTTM
Corporate Headquarters
Costa Mesa, CA
Stock Price (12/6/11) 52-Week Range
$0.48/ $0.36-$9.80
Shares Outstanding (September 30, 2011
12,881,027
Market Capitalization
$6.2M
Volume (daily 90-day average)
33,939
Debt (9/30/11)
$1.2M
Cash (9/30/11)
$3.75M
Revenue (2011 estimate)
$6.0M
Insider ownership
28%
Institutional
56%
Full-time employees
52
Accounting Firm
KMJ Corbin and
Company
NYSE Amex: TTTM
12 |
 2007
2008
2009
2010
T3 Motion,
Inc.
founded on
March 16,
2006
T3 Series
introduced to
market –
IACP, Oct
2006
Customer
trials and
demos begin
–
January
2007
Production
shipments
begin –
July
2007
2006
USPS Trial
and initial 13
unit sale
DLA trial and
initial sale
NYPD
Subway
deployment
T3 deployed
in 25
countries
$40M Total Funding (including $11.1M closed May 2011)
$13M self-funded by CEO
T3
History
Approaching 3,000 vehicles deployed in 30 countries on 6 continents
2011
Debuted at
G20 Summit
in Seoul
Target deploys 157 vehicles
Simon Properties deploys first 50 vehicles saving over
$3.3M in operating costs (total deployments = 112)
13
NYSE Amex: TTTM |
 Management
Team Mr.
Nam
has
served
as
CEO
of
T3
Motion
since
March
16,
2006.
In
2001,
Mr.
Nam
founded
Evolutionary
Electric
Vehicles
(EEV)
to
provide
high
performance
motor-controller
packages
to
the emerging hybrid and electric vehicle market.
Mr.
Nam founded Aircept in 2000, a leading developer, manufacturer, and service provider in the
Global Positioning System
(GPS)
marketplace;
and
Paradigm
Wireless
Company
in
1999,
a
supplier
of
quality
wireless
equipment
to
the telecom
industry.
Prior to founding his own companies, Mr.
Nam was the Executive Vice President of Business Development at Powerwave
Technologies Inc. (NASDAQ: PWAV), where he helped guide the company to number 5 in Business
Week’s list of Hot Growth Companies in 2000.
Kelly J. Anderson –
President, Executive VP & CFO
Hired in 2008 as Executive Vice President & CFO; Appointed Director in January 2009 and
President in April 2010. From
2006
until
2008,
Ms.
Anderson
was
Vice
President
at
Experian,
a
leading
credit
report
agency.
From
2004
until
2006,
Ms.
Anderson
was
Chief
Accounting
Officer
for
TripleNet
Properties,
G
REIT,
Inc.,
T
REIT,
Inc.,
NNN
2002 Value Fund, LLC; and Chief Financial Officer of NNN 2003 Value Fund, LLC and A REIT,
Inc., these entities were real estate investment funds managed by TripleNet Properties.
From
1996
to
2004,
Ms.
Anderson
held
senior
financial
positions
with
The
First
American
Corp
(NYSE:
FAF),
a
Fortune
500 title insurance company.
Ki Nam –
Chief Executive Officer
NYSE Amex: TTTM |
 Noel
Cherowbrier - Vice President International Sales
David Fusco -
Vice President Domestic Sales
Management Team
NYSE Amex: TTTM
15
David Fusco was named Vice President of Domestic Sales in October 2010. Over the past 25 years David has held senior executive sales management positions at Texas
Instruments, Compaq Computer, and Hewlett-Packard. In 2006 David founded Andal Holdings, LLC, and provided sales and management consulting
services to a variety of companies. David holds a Bachelor of Science degree from Miami University in Oxford, OH. Noel Cherowbrier has been Vice President of International Sales since 2007. Mr. Cherowbrier was the President from 2004 to 2007 of Tecan UK and US, technology company
located in the UK, and Executive VP from 1995 to 2004. Noel holds 20 years of global sales management experience: from 1989-1995 he was the
Global Sales Manager at Homark; and from 1986-1995 he was the Sales and Marketing
Regional Manager at Fast Moving Consumer Goods.
|
 •
Direct sales team
•
7 sales people
•
2 support
•
Distribution –
over 50 distributors worldwide
•
Sales cycle
•
PO Driven business
•
Ranges from 2 days to 2 years
•
Backlog at September 30, 2011 -
$3.3M
•
Sales Growth
•
70% of sales are from repeat customers
•
Brand awareness
•
Adaptation rate for corporate applications
•
Launch new products to existing channels
•
Consumer market
Sales and Distribution
NYSE Amex: TTTM
16 |
 Capacity
Corporate and Manufacturing Facility
~ 50,000 sq ft in Costa Mesa, CA
Expandable by an additional ~ 30,000 sq ft
Production -
up to 750 T3 vehicles per
month
Manufacturing
Raw Materials and Supply Chain
70% suppliers are local; as sales increase, T3
will expand into other global alternatives
Supply chain could include material
sourcing and sub-assembly operations from
China, South Korea and Mexico
Final assembly, testing and inspection in
Costa Mesa, CA
NYSE Amex: TTTM
17 |
 Objectives of
R&D: Research & Development
NYSE Amex: TTTM
18
•
To ensure the existing products
meet the current demands of
our target markets
•
To use the existing platform to
develop future products for the
personal mobility electric
vehicle space.
•
Current concepts under
development
•
Delivery solutions
•
Government & military
solutions
•
Non-lethal response
solutions
•
Un-manned vehicle
solutions
•
Consumer vehicle
solutions
|
 Type of
Customer: Mall Property
Sales Process:
Initial Trial
Corporate certified security vehicle
Each mall property to include in their budget
Customer Objective:
To find lower cost security solutions, preferably alternative energy vehicle
Solution:
T3 Series ESV
Competition: Segway, gas-powered vehicle, golf cart, bicycle, walking
Cost of Solution: MSRP: $8,999
Result:
In the first year, our customer deployed 50 T3 Series ESV’s and replaced 50 gas powered
vehicles. The change in the method of patrol resulted in approximately $3.2M in
cost savings to the company. In addition, the first year of deployment, the
incidents in the parking lots decrease by approximately 25%. Each incident costs
the company approximately $10K (investigations, settlement, restitution, repairs,
etc.) Case Study
NYSE Amex: TTTM
19 |
 R3
- Plug-In Hybrid and Electric
Patent-pending iconic rear wheel design
2011 -
partner with Panoz for production ready
MSRP -
$25,000 -
$35,000
Integrated Samsung Galaxy Tablet feature
Top Speed -
70 mph (Electric) 100 mph (Hybrid)
Range 75 miles (Electric) 300 miles (hybrid)
Engine/Motor power -
12kw (electric) 180hp (gas)
2012 –
2013 –
Find JV production partner
NYSE Amex: TTTM
20 |
 R3
Prototype NYSE Amex: TTTM
21 |
 Capitalization Table
Equity (150,000,000 share
authorized)
Issued Shares
Strike Price
Fully Diluted
Common Stock
12,881,027
12,881,027
Warrants (exp 5-13)
$3.00
4,942,557
Warrants (exp 5-16)
$3.50
4,992,557
Warrants (exp 12-14 –
3-15)
$5.00
826,373
Warrants (exp 3-13 –
5-16)
$4.38-$15.40
386,099
Stock Options
$5.00 -
$7.70
947,351
Total
12,881,027
24,975,964
NYSE Amex: TTTM
22 |
 Balance Sheet
September 30, 2011 T3 Motion, Inc. Balance Sheet Highlights –
September 30, 2011
ASSETS
$ thousands
Cash (including restricted)
3,764
Accounts Receivable
1,096
Inventory
1,523
Total Assets
8,104
LIABILITIES
Accounts Payable and Accrued Expenses
1,734
Derivatives Liability
130
Notes Payable
1,225
Total Liabilities
3,089
STOCKHOLDERS’
EQUITY
Total stockholders’
equity
5,015
NYSE Amex: TTTM
23 |
 Income
Statement Highlights •
Select historical income statement
Q3
2011
Q2
2011
Q1
2011
2010
2009
Revenue
$1.9
$1.3
$1.0
$4.7
$4.6
Gross Margin
*
20.4%
11.4%
4.0%
3.6%
(7.4%)
2011E
Revenue
Approx $6.0
NYSE Amex: TTTM
24 |
 Name
Ticker
Market Cap
T3 Motion
TTTM
6
Tesla Motors
TSLA
3,580
A123 Systems
AONE
270
Azure Dynamics
AZD.TO
61
ZAP
ZAAP
57
Kandi Technologies
KNDI
81
ZENN Motor Company
ZNN
34
Balqon Corporation
BLQN
25
Li-ion Motors
LMCO
5
Leo Motors
LEOM
8
Comps
NYSE Amex: TTTM
25 |
 Units
Sold 500
1,000
2,500
Revenue ($10K/unit)
$5,000,000
$10,000,000
$25,000,000
Gross Margin %
20%
30%
40%
Margin
1,000,000
3,000,000
10,000,000
R&D and SG&A
5,000,000
5,000,000
5,000,000
Operating Income
($4,000,000)
($2,000,000)
5,000,000
Metrics
NYSE Amex: TTTM
26 |
 Investment
Summary Capitalize on Green
Does not rely on government funding for sustainability
Brand Value
•
•
Consumer launch will increase brand recognition
Market
New products to existing customers
Market penetration opportunity
Continued global expansion
Enter the consumer market
Valuation
Market doesn’t reflected brand value
NYSE Amex: TTTM
27
Potential has not been realized – foundation has been set, opportunity will sprout
EBITDA positive - obtainable at reasonable revenue |
 Appendix
NYSE Amex: TTTM |
 •
http://www.youtube.com/watch?v=XOs0s23nfh0
(T3-
Media Compilation)
•
http://www.youtube.com/watch?v=UvlXR_4QDnE&feature=r
elated
(T3-
Coconut Creek)
•
http://www.youtube.com/watch?v=p5OVsvj2HrQ
(T3-
Super Bowl Commercial)
•
http://www.youtube.com/watch?v=YXLtWAGczpc&feature=r
elated
(T3-
NYPD)
T3 Media Links
NYSE Amex: TTTM
29 |
 Consumer
Market - Appendix
NYSE Amex: TTTM
30 |
 Contact
Corporate Headquarters
2290 Air Avenue
Building A
Costa Mesa, CA 92626
P
(714) 619-3600
F (949) 269-0155
Kelly J. Anderson
Executive Vice President,
Chief Financial Officer
2290 Airway Avenue
Building A
Costa Mesa, CA 92626
(714) 619-3600
kanderson@t3motion.com
Ki Nam
Chief Executive Officer
2990 Airway Avenue,
Building
A
Costa Mesa, CA 92626
(714)
619-3600
knam@t3motion.com
Investor Relations Contact
Casey Stegman
Stonegate Securities, Inc.
(214) 987-4121
casey@stonegateinc.com
T3 Motion, Inc. (NYSE Amex: TTTM)
NYSE Amex: TTTM
31 |