run cybersecurity in the cloud · tsxv:nbva, otc:nbvaf nubeva, inc. (nbva: tsxv) profile: silicon...

TSXV:NBVA, OTC:NBVAF

Run Cybersecurity in The Cloud

July 2019


Disclaimer

THIS PRESENTATION HAS BEEN PREPARED BY NUBEVA, INC. (“NUBEVA” ORTHE “COMPANY”)

SOLELY AS AN INTRODUCTION TO THE COMPANY AND ITS TECHNOLOGY.

The Presentation may contain “forward looking information” within the meaning of applicable Canadian Securities legislationconcerning, among other things, the size of the market for potential applications of the Company’s technology and the timingof further technical development of the Company’s projects. There can be no assurance that the plans, intentions orexpectations upon which these forward looking statements and information are based will occur. “Forward lookingstatements” and “forward looking information” are subject to a variety of risks, uncertainties and assumptions, including thosediscussed in the in the Company’s public filings at www.sedar.com. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, manyof which are beyond our control, may ultimately prove to be incorrect since they are subject to risks and uncertainties thataffect us. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result ofnew information, future events or otherwise, except as required by securities regulation. Some of the factors which couldaffect future results and could cause results to differ materially from those expressed in the forward looking statements andinformation contained herein include: Risk of technological non-feasibility, obsolescence and inadequate economics,dependence on key personnel and key relationships. Forward-looking statements and information are based on the beliefs,estimates and opinions of management at the date the statements are made and are subject to change without notice. TheCompany does not undertake to update forward-looking statements or information if management believes estimates oropinions or other circumstances should change. The Company also cautions potential investors that investments in newtechnology are inherently risky.

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Nubeva, Inc. (NBVA: TSXV)

Profile: Silicon Valley small cap co with veteran management team with B:B SaaS for cloud

Market : $1B Data center visibility segment beginning transition to cloud (initial focus)

Product: Most advanced, easiest, lowest cost solution available

Go-To-Market: Disruptor position with high-leverage, low cost sales and marketing model

Performance: Positive early traction and market validation

Financial Outlook: Business plan and balance sheet for value creation and optionality

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Say Lim – Board Advisor

• SVP of IT, Fluor, Largest US Engineering Construction Firm)

Randy Chou – Co-founder, CEO• Alteon (IPO, $7.8B)

• Aruba (IPO, $3B)• Panzura (Private, $225M)

Greig Bannister – Co-founder, CTO• Redback (IPO, $2.1B)

• Aruba (IPO, $3B)• Panzura (Private, $225M)

Steve Perkins – CMO/CRO• Aruba (IPO, $3B)

• Optiv (Filed IPO/Sold, $1.9B)

Juliet Jones – CFO• LOOPShare Ltd (IPO TSX)

• WebTechWireless (IPO TSX)

Eric Wolford – Board Advisor

• Partner, Accel Partners (NetSkope investor)• Ex-President Riverbed

David Wu – Board Member

• Ex-CTO, Riverbed

Michael Perone – Board Advisor

• Founder/Board Member Barracuda Networks (NYSE:CUDA)

TeamExperienced in early state to outcomes. Expertise In networking, security and cloud.

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Founded: Q1 2016

Initial Funding: Management/Friends

IPO: Q1 2018

Fiscal Year: May-April

HQ: San Jose, CALocations: LA, Sydney, Vancouver

ProfileProfile

5

30-Apr-

19 Market Cap

Share price (July 31, 2019) C$0.16

*Common shares outstanding 55.7M C$8.9M

Options & RSUs(1) 5.0M

Warrants(2) .03 M

Fully diluted shares 60.73M C$9.7

Cash US$4.8M/C$6.4M

Debt $NIL

Enterprise value C$3.4M

*Insider ownership 46.80%

Includes 14.8M

restricted voting

common shares

(1) Weighted average option

price C$0.28

Weighted average RSU

Prive C$0.41

(2)broker warrants at C$0.775, expire February 28, 2020

At April 30, 2019 8,424,194 common shares are subject to escrow

terms, which includes 3,250,000 restricted voting common shares.


Enterprises Moving To Public CloudsPrivate datacenter migration of private applications accelerating

Enterprise CybersecurityOrganizations protecting themselves against rising threats

Nubeva is focused on the

intersection of two major forces…

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Problem: Security in Public Cloud

Cyber Tools Don’t Work Same In CloudWork differently or don’t work at all.

Most Cloud Deployments Less SecureLess Security, Visibility and Control Than In Datacenter

Enterprise SaaS Software

To Run Security Tools In Public Clouds

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Traditional DatacentersOrganizations Monitor Network Traffic

Security

Monitoring

Tools

Getting Copies of Network

Packet Traffic To Tools

* Sources: Gartner Group, Markets And Markets

Application

Monitoring

Tools

Network

Monitoring

Tools

Specialized physical network infrastructure to copy, process, distribute.

Gigamon, Apcon, Ixia, other + features of Cisco, HP, Juniper routers/switches.

$1B Market*

$36B Tools

Marketplace*

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Public CloudsNetwork-Based Monitoring Tools Don’t Work On Cloud

Cloud Physical networks not available to customers as it is a shared resource and providers’ strategic asset.

Cloud Providers looking to 3rd parties to solve via software.

PaaS

Security

Monitoring

Tools

Application

Monitoring

Tools

Network

Monitoring

Tools

Can’t Get Network

Packets Copies To Tools

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Typical Approaches

01

Don’t Monitor Deeply

Lower Security

Lower Visibility

02

Slow Move To Cloud

Lost Business Gain

Lost Competitiveness

01

Look To Legacy

Datacenter Vendors

Complex & Expensive

As Shift To Cloud Continues… A New Cloud Market Is Emerging.

Same Business Need. Different Solution Execution.

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Get Cloud Packets To Your Tools

Acquire, Process and Distribute Cloud Network Traffic

to your Security, Network, Application Tools, Anywhere!

The Solution.

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Nubeva PrismsDifferentiation

• Implementation

• Integration

• Operation

Easiest• Architecture

• Capability and Functionality

• Highest Performance

Most Advanced

• 1/5 Cost of Alternatives

• Free Basic Accounts

• Flexible Pricing to Fit All

Most Affordable

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Nubeva PrismsDecryption for Public Cloud

• First to market

• 70% of network traffic is encrypted

• Cloud agnostic

• Supports new Amazon Virtual Private Cloud Traffic Mirroring

Revolutionary, cloud native, decryption solution

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PricingBased on Number of Cloud Resources* Monitored/Month

ENTERPRISE OPTIONS

• Large systems to 100K sources at $924k/yr

• “Private SaaS” options at $120-240K+/yr

• Upgrades To Advanced Features (coming

soon)

Easy Entry Pricing

“15 percent of respondents have more than 1,000+ VMs”

“Serverless/Non-VM Cloud growing at 75% yr:yr”

Expecting

ACV/ASP ~ $100,000/yr

Large Deal >$1,000,000

/yr14


ValidationCross-market recognition

Highlighted at Microsoft Azure Re-

Invent Conf. Sept’2018

Accelerated Path To Top-Tier Co-Sell

Partner Status.

“Visibility of network traffic in Chevron’s

cloud is mission critical for security,

application and network

monitoring… Nubeva, a participant in

Chevron Technology Venture’s Catalyst

Program, is adding VTAP support to

provide a complete network traffic

visibility solution for us.”

“The innovative access and visibility

solution from Nubeva Prisms on top of

Microsoft Virtual Network TAPs is a

leap forward for enterprises

transitioning to the public cloud. With

solutions like this that combine access,

advanced packet refining, automatic

scaling and disruptively affordable

pricing” 15


Accelerating Adoption

16

As of July 31, 2019


Go-To-MarketMarket Disrupter

Product Positioning

Execution Plan

Immediate Objectives

Multidimensional Growth Path

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Routes to Market5 Channels to Traction and Acceleration

Direct Marketing/Awareness +

Inside Sales and Engineering

Cloud Providers

Tool Providers

MSSP, SP, Integrators

Value Added Resellers

Transaction

Processing

Marketplaces

Resale/PO

Web/Credit Card

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Business PlanReference*

Growth

3x

3x

3x

2x

2x

Waypoint

$40-50MM Revenue

$30-40MM Cost

100% Growth Rate

>90% Gross Margin

>95% Renewal Rate

Optionality

Continued Self-Funded Growth

Accelerate Growth with Capital (Organic/M&A, Adjacencies)

Strategic Sale Opportunities

* Conceptual only. Not a proforma or forecast19


F19 Financial Results – US$Balance Sheet Data April 30, 2019 April 30, 2018

Current and total assets(1) $ 5,498,011 $ 7,805,392

Current liabilities 536,759 699,987

Accumulated deficit (9,176,892) (5,671,017)

Total Equity (Deficiency) $ 4,961,252 $ 7,105,405

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Income Statement DataYear ended

April 30, 2019

Year ended

April 30, 2018

Revenue (1) $846,378 $707,513

Expenses(2) (3,577,085) (2,441,743)

Other Items

Fair Value loss on digital currencies (1,323,336) -

Listing Expense - (1,130,319)

Fair value loss on debt - (1,451,152)

Other loss (3,918) (85,751)

Net loss for the period, continuing operations $ (4,057,961) $ (4,401,452)

Net loss from discontinued operations 525,182 (527,847)

Gain on wind-up of subsidiary 881,801 -

Foreign currency translation adjustment (49,877) (37,436)

Net and comprehensive Loss $ (3,582,656) $ (4,966,735)

Weighted average number of common shares 54,576,127 47,949,167

(1) Cash and money

market investments, April 30, 2019:

US$4.8 million

(1) Revenue contracts in the amount of

$191,000 were entered into in Q4, of

which $154,374 will be reported as

revenue in F2020.

(2) Net of refundible tax credits of

$513,261 in 2019 (2018 – 148,133).


Run Cybersecurity in The Cloud

July 2019

run cybersecurity in the cloud · tsxv:nbva, otc:nbvaf nubeva, inc. (nbva: tsxv) profile: silicon...

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