PRESIGHT’S BIG DATA ANALYTICS POWERED BY AI UNLOCKS POSITIVE SOCIETAL IMPACT

Presight AI IPO

Presight AI’s IPO has seen overwhelming demand from investors, resulting in an oversubscription of 136 times, excluding the commitment from the Company’s cornerstone investor

Oversubscription Announcement

Overview

Founded in 2020 as a G42 company, Presight embodies the three vital elements of successful start-ups: a bold vision, creative people, and an unmatched desire to create meaningful change, focusing on the region’s digital transformation through big data analytics powered by artificial intelligence (“AI”).

Presight delivers for clients across multiple sectors with a focus on three core pillars with deep potential for innovation and market growth:

Public Services: Enhance public services and optimize government efficiencies through big data analytics powered by AI

Finance: Identify financial anomalies, fraud, and risks using big data analytics powered by AI

Sports: Augment sports performance and fans’ experiences using big data analytics powered by AI

Our solutions continue to expand into new verticals, applying the use of advanced data analytics to help organizations answer climate and environmental challenges, support greater efficiency in the use of public infrastructure, optimizing city resources and improving student learning success and educational programs.

We deliver tangible business and societal impact by understanding data and accelerating transformation through analytics and AI. The foundation of our business is the Transformative Analytics Quotient (“TAQ”), our omni-analytics and big data platform that drives key business verticals by gathering and rapidly analysing all source data to enable forecasting of likely outcomes to support insight-driven decision-making.

On 6 March 2023, Presight announced its Intention To List on the Abu Dhabi Securities Exchange (“ADX”) to support the implementation of its ambitious growth strategy geared towards greater international expansion and securing inorganic growth opportunities; and enhancing research & development.

Chairman's Message

Chairman's Message

Presight’s intention to list on the Abu Dhabi Securities Exchange is the latest milestone for G42. As the region’s leading big data analytics company powered by AI, Presight combines big data, technology, and talent to answer real-world challenges in every sector and of every scale.

This historic moment provides a compelling opportunity for investors and will support us in delivering our ambitious growth strategy which builds on the increasing demand for big data analytics as digital transformation accelerates across sectors. We understand the immense value that data holds, and our goal is to help nations and organizations harness the power of their data to make informed decisions, drive growth, and achieve their goals responsibly.

As we embark on this exciting phase of Presight's growth, I am confident of its capabilities in delivering not just shareholder value but also in delivering its promise of unlocking positive societal impact, globally.

H.E. MANSOOR AL MANSOORI
H.E. MANSOOR AL MANSOORI
Chairman of the Board of Directors

Presight AI at a Glance

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Key Financial Figures

Revenue

USD '000

  • FY 2022

    422,857
  • FY 2021

    363,234

Gross Profit

USD '000

  • FY 2022

    265,841
  • FY 2021

    138,207

Gross Profit Margin

%

  • FY 2022

    63%
  • FY 2021

    38%

Net Profit

USD '000

  • FY 2022

    147,851
  • FY 2021

    95,511

Net Profit Margin

%

  • FY 2022

    35%
  • FY 2021

    26%

Our Leadership

Board of Directors

H.E. Mansoor Al Mansoori
Chairman of the Board Read More
Prof. Eric Xing
Vice Chairman of the Board Read More
Kiril Evtimov
Board Member Read More
Abdulla Rashed Alrashdi
Board Member Read More
Hamda Almheiri
Board Member Read More

Management Team

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Thomas Pramotedham
Chief Executive Officer Read More
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Dr. Adel Al Sharji
Chief Operating Officer Read More
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Xiaodong Zhou
Chief Technology Officer Read More
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Ram Meyoor
Chief Financial Officer Read More
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Xiaoyin Yang
Chief Solutions Officer Read More
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Rashed AlKouk
Chief Corporate Officer Read More

Investment Highlights

Healthy Historical Revenue Growth

Presight AI Holding PLC (Presight) has delivered strong financial performance characterized by solid revenue growth, healthy margins and robust cash flow generation. Presight’s revenue growth has been strong, at USD 423 million for the financial year ending 31 December 2022, up 16% on the financial year ending 31 December 2021. This revenue growth has resulted from a material growth in Presight’s customer order book comprising long-term recurring customer contracts.

Presight has demonstrated substantial growth in profitability, recording gross profit for the financial year ending 31 December 2022 of USD 266 million, up 92% on the financial year ending 31 December 2021, and net profit of USD 148 million for the financial year ending 31 December 2022, an increase of 55% on the financial year ending 31 December 2021. Gross and net profit margins are solid, at 63% and 35% respectively for the financial year ending 31 December 2022.

Clear Growth Strategy

Presight has an ambitious growth strategy. The key pillars of this strategy are:

International Expansion: Presight is well positioned to capture international market share, by setting up efficient ‘go- to-market’ channels, marketing programs, increasing local presence and infrastructure.

Inorganic Growth: Presight expects to make significant investments in its core focus area of AI and big-data analytics with the objective of enhancing its product portfolio and technological capabilities.

Research & Development: Presight’s R&D capabilities are a key component of its historical success and growing its operational footprint, leading to the development of its proprietary TAQ platform deployed our core and priority verticals.

Strong Organic Growth Pipeline

Presight has a strong pipeline of new and recurring customer contracts fuelling a healthy customer order book and organic revenue streams.

Backed by a Key Cornerstone Investor

Presight has entered into a cornerstone investment agreement with International Holding Company (ADX: IHC). This cornerstone agreement demonstrates the confidence IHC has in Presight’s growth trajectory and paves the way for further collaboration and growth opportunities regionally and globally.

IPO Timeline

6

March 2023

Intention to list announcement
13

March 2023

Offering commencement date
17

March 2023

Offering closing date
24

March 2023

SMS confirmation to all successful subscribers and commencement of refunds
27

March 2023

Expected date of listing of shares on ADX

Key Documents

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How to Subscribe

To subscribe to the Presight IPO, please follow the steps outlined below. More detailed information on how to subscribe can be found in the prospectus which is available to download here.

STEP 1

Make sure you have your ADX Investor Number (NIN)

If you don’t have a NIN, you can register for one instantly with your UAE Pass through the ADX SAHMI app or by calling the ADX call center on 800239. If you are unsure whether you already have a NIN, please call the ADX customer service center at 800239 or email info@adx.ae

STEP 2

Read the Prospectus

Review the content and documents on this IPO webpage for information about the company and its IPO. The prospectus provides all material information about the company and the IPO.

STEP 3

Make an informed decision

Once you have familiarized yourself with the company, you can make an informed investment decision.

STEP 4

Subscribe to the offering

If you have decided that you would like to invest, you can subscribe to the offering through the Receiving Bank, First Abu Dhabi Bank (FAB) or through the ADX e-portal - e-IPO Portal (adx.ae). Further information about how to subscribe through First Abu Dhabi Bank (FAB) can be found further down this page and in the prospectus. Professional investors should contact International Securities.

STEP 5

Allocation of shares

You will be notified of the number of shares allocated to you. You may or may not receive the full allocation of your order. In the event of oversubscription of the offer shares, any excess amounts will be refunded to you.

Frequently Asked Questions

Why invest in Presight?

Presight offers a compelling opportunity for regional investors to invest in the region’s leading big data analytics company powered by AI.

Underpinned by solid historical growth in recent years, a robust balance sheet with headroom to capture forecasted growth, and a strong organic pipeline driven by dependable and predictable revenues thanks to long-term committed and recurring contracts, Presight is a unique investment case being offered to strategic investors at a significant discount.

Who is eligible to invest in Presight?
The Offering will be restricted to the following two groups of investors:

Retail Subscribers:
Retail Offers Shares: The Company 98,151,900 (ninety eight million one hundred and fifty one thousand nine hundred) Shares, representing 7.219% of the Offer Shares, to Retail Subscribers. Minors are permitted to apply for Offer Shares in accordance with the procedures applied by the Lead Receiving Bank and the laws in force in this regard. All Retail Subscribers must hold a NIN with the ADX. If all Retail Offer Shares are not fully subscribed, the unsubscribed Retail Offer Shares will be made available to Professional Subscribers, or alternatively (in consultation with the SCA) the Company, subject to obtaining the requisite corporate approvals, may accept the Offering at the level of applications received The Minimum Application Size for Retail Subscribers is AED 5,000 with any additional application in increments of AED 1,000. There is no Maximum Application Size for Retail Subscribers.

Professional Subscribers:
Professional Offer Shares: The Company allocated 1,261,528,100 (one billion two hundred and sixty one million five hundred and twenty eight thousand and one hundred) Shares, representing 92.781% of the Offer Shares, to Professional Subscribers. All Professional Subscribers must hold a NIN with the ADX. If all of the Professional Offer Shares are not fully subscribed, the Offer will be withdrawn. The Minimum Application Size for the Professional Subscribers is AED 1,000,000. There is no Maximum Application Size for Professional Subscribers. Every Subscriber must hold a NIN with ADX and bank account number in order to be eligible to apply for Offer Shares.

For more information on how to subscribe, please refer to the relevant sections of the prospectus, available for download in the ‘Key Documents’ section.
How will the company use the proceeds of the IPO?
The Company is seeking to raise capital to enable the successful implementation of its short-term and long-term growth strategy and reinforce the Company’s position as he region’s leading big data analytics company powered by AI. The Company plans to deploy capital judiciously and prudently, to drive the following key areas:

Research and Development (R&D)
As an AI and Big data analytics leader, the Company believes strongly in innovation and new product creation. The Company plans to expand existing development activities out of Abu Dhabi, UAE and internationally, as well as continue to co-develop new technologies and intellectual properties through ongoing analytics platform deployments at various locations. The Company expects to focus its R&D efforts on creating AI big data applications and AI models in the field of financial services, including inter-alia, auditing platform, anti-money laundering and financial investigation tools. Other key focus areas include sports analytics, climate, education and game engine technology. Apart from AI applications, emerging open AI areas such as Chat GPT and ‘deep fake’ detection will also be focus of research given their ever-expanding applications.

Inorganic Growth
The Company expects to make significant investments in its core focus area of AI and big-data analytics with the objective of enhancing its product portfolio and technological capabilities. The investment targets are expected to be established technologies that are complimentary to the Company’s portfolio and/or proven disruptors. The Company will also continue to evaluate for investments opportunities in areas that are adjacent to the core focus areas, and which in its view could emerge as key technologies in the long-term.

International Expansion Plans
The Company expects increasing share of revenue from its international operations, with more than half of its revenue from year 2026 onwards is expected to be derived from international contracts. The Company expects to make investments to expand our foot print in our target markets across 4 continents, by setting up efficient ‘go- to-market’ channels, marketing programs, increasing local presence and infrastructure. The Company will follow prudent capital deployment for international expansion activities with a view to maximize returns on investments.
How can I subscribe and when is the subscription period?

Please refer to the ‘How to subscribe’ section of this webpage, or refer to relevant section in the prospectus.

The subscription period for the listing will open on 13 March 2023 and close on 17 March 2023, with the final allocation of shares to be announced in due course.

The Company intends to list on ADX on 27 March 2023.

What will the dividend policy be?
The Company’s ability to pay dividends is dependent on a number of factors, including:

• The availability of distributable reserves and capital expenditure plans and other cash requirements in future periods;
• Market conditions and the then current operating environment in the Company’s markets;
• The Board’s outlook for the business;
• Future profits and business plan (including ability to perform in accordance with the expectations in business plan);
• The discretion of the Board; and
• Approval of any dividend payment at a general meeting of shareholders.

The guidance provided above is based on the current business plan and targets. However, there is no assurance that Presight will pay any of the dividends described above or going forward or, if a dividend is paid, what the amount of such dividend will be.

Receiving Bank

First Abu Dhabi Bank PJSC – E-subscription

First Abu Dhabi Bank PJSC – E-subscription

FAB EIPO-Subscription

1. Access https://www.bankfab.com/en-ae/cib/iposubscription
Refer to the “How to subscribe page” and follow the instructions and submit subscriptions for the Retail Offer Shares.

2. FAB Mobile Banking Application (for FAB clients)
In case of any issues or support required, please contact FAB call center at +971-26161800

Contact Information

Presight AI

Floor 33, Al Khatem Tower, Abu Dhabi

Global Market Square

Al Maryah Island, Abu Dhabi


Listing@presight.ai

Receiving Bank

First Abu Dhabi Bank

+971-2-6161800