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BOATIM Investor Relations

Boatim Inc. (OTCQB: BTIM)

Investor Relations

Founded in 2018, Boatim is the next-generation platform, connecting buyers and sellers of new and used boats and yachts — and beyond.

Boatim Inc (BTIM)

Boatim Inc (BTIM)

Boatim Inc (BTIM)

Boatim Inc (BTIM)

Our Vision

Everything boat.
A globally connected maritime world.

At Boatim we have a consumer centric strategy: When building our digital products we know that our customers not only look for the best deal or innovative functionality, they expect transparency and want to be able to trust in our products and processes — they need to feel safe when selling or buying.

 

Our Mission

Building the digital maritime products of tomorrow.

We will push the boundaries of technology for boaters and the boating industry. Our solutions will empower the industry to embrace a new digital era of boating, moving beyond traditional ways of connection and transactions, and providing digital solutions to longstanding business challenges.

wolfgang

"A long-time boater myself, I have always wondered why there was so little digital in boating. Now it is finally happening–and it is big!"

Wolfgang Tippner, CEO


Being on a boat has always meant freedom, exclusivity and adventure. Driven by social media that inspires to get out onto the water, a growing number of next generation, digital savvy GenX & Y of much more diverse ethnicities join the large number of existing boaters.

This boating boom isn’t just because it’s a safe, socially-distanced activity. Recent shifts in demographics and culture are proving this trend is actually here to stay!

The new generation of first-time boaters requires guidance and confidence, as well as low cost gateways to the boating lifestyle. Boatim empowers not only sales, but soon also rental and charter options and will attract first time boaters through its growing social community.


Next gen boaters are looking for the same level of technology and real-time capabilities they are already used to from their homes, cars and travel experiences.
By digitizing as many steps as possible, Boatim will add speed, ease, and reliability to the process for everyone involved. Dealers will sell their boats faster, with less effort, and better margins. And buyers will be able to buy a boat with more trust and confidence!


Our expert team uses Boatim technology to source and centralize the latest in boating news, manufacturer releases, and the boating lifestyle on our special interest social network. This includes Dealer pages, an event calendar, and other community features like a Q&A area that allows a feedback loop between customers and manufacturers.

Boatim is planning incentive programs that provide its community value and elevate it as the world’s first go-to-place for boating online.

What we built today

Digital products for boaters, dealers and makers

The Boatim marketplace is the first to bring our data-based technology and tools to the boating industry. Already benefitting both the consumer and the Dealer, we continue to see growth in boat sales.

Boatim commands a talented team of engineers in big-data, applied AI and algorithmic solutions. Strategic internal process automation is the secret to the rapid development and seamless rollout of Boatim´s disruptive and intuitive boating products.

Keeping the customers’ needs in focus is the key to our innovation strategy.

Boatim_Office-42-1

"With most established players around for a while, the industry is desperate for real product innovation again. Our priority at Boatim: The perfect user experience for consumers and dealers alike."

Chris Roy, CPO


We built a premium data-driven, peer-to-peer marketplace that includes a full digital marketing suite for dealers and sellers, based on AI and data analytics. Consumer Relevance tops classical listing models with us - relevant results first, keeping lead generation at the highest possible quality level for our private sellers and professional dealers.


With our Smart Connected Inventory TM tool–the fastest, most automated inventory onboarding and management system out on the market–we take out the hustle of bringing boats and yachts online and in front of a relevant, global audience, that is ready to buy.

Standardized data feeds and listing structures are central to discoverability and accessibility for eager boat and yacht buyers.

With this, Dealer onboarding happens not in days or weeks, but in just a few short hours. This technology will define the marine listing standards of tomorrow.


Our ad-technology generates higher-quality leads to boost sales using dynamic pro-listings and ad-boosters across Google Search, Facebook and more.

Dealers have access to management tools and suites, to allow full control over deployment of marketing budgets within Boatim, making ROI from ad-spend more transparent and visible than any other platform.

What we are tomorrow

The maritime product universe, that reinvents a whole industry

The maritime sector has always pushed the boundaries of technology. In addition to our near-term product innovation, Boatim is looking to serve the entire product universe, incl. rental, charter and shared ownership. We plan to offer comprehensive solutions for all the challenges ahead, making us the all-in-one stop for the maritime world.

As boats continue to push the boundaries of what’s possible, we will outfit boaters at all stages with the same cutting edge attitude. Starting with our marketplace and social community, and ultimately transforming the industry at large.

Boatim_Office-13

"Tools for a new generation of digital boaters: in our age & time that is all about qualified data and delivery of the perfect match."

Patrick Burkert, CMO


Digitizing buyer and seller verification procedures, automatic confirmation of buyer credit ratings, and the ability to close financing options would all enhance the boat-buying process. Our AI will be able to draw conclusions from usage behavior, so dealers can assess on a potential buyer’s readyness to execute. Our next gen AI features have the potential to dramatically improve ROI for Dealers and will reduce risk and effort—all the while making the process fast, secure, and convenient.

 


We want to serve boating’s whole value chain. Everything from lower barriers to entry for new boaters via the sharing economy, to simplifying operations while owning a boat, and opening up new ways for boat owners and resellers to monetize their assets.



Customer tools, that allow full digitization of everything boat along the consumer lifecycle: history of a boat, verifications of counterparts, pricing, financing options, insurance and service and maintenance items—of course in one user-centered application.


As first time boaters often enter the market through best-deal opportunities for buying or through charter and renting, we are addressing price sensitivity for buying with pre-qualification options for tailored finance offers and protect buyer, seller and charter with punctual insurance options. 

Booming Boating Industry

Recreational Boating defies the crises

With 15 million privately-owned boats in the US, the recreational boating industry has continued to increase by 8% since the pandemic.

In the last few years the US industry is showing considerable growth and is expected to reach new highs in upcoming years as consumer behavior shifts to nearby activities and local leisure opportunities.

Boatim_Office-4

"Boating is a great lifestyle! Boatim will enable the most engaged boating community to get what they want: The latest in famous brands, the coolest boaters and all the other fun & action from recreational boating."

Matthew Grady, VP Sales


$40bn
for new and used boat sales, with an expected 3% CAGR (Compound Annual Growth Rate) for the next 8 years and 
$6.5bn for charter, with an expected CAGR for the next 8 years of 5%.

Historically, the average marketing spend for such sales ranged between 10-12% of those headline values, placing our initial target market for the marketplace at between $5bn-$6bn p.a.


Our own market estimate of the potential digital spending wallet is in excess of $8bn p.a. when including not only online marketing, but also the conversion of traditional marketing, and provision of additional new digital services to enhance the facilitation of these transactions.


USA and Europe make for 90% of the global market, with our priority being the US (representing 50% of the global market alone).

Our multilingual team in Barcelona is equipped to address the key European markets of Spain, France, Italy, Germany, and the UK.


Longer-term growth will be seen in centers of affluence in Asian and Middle Eastern markets, such as China, Singapore, Hong Kong, and the UAE.

We plan to extend Boatim's offer in these markets over time, to secure incremental growth opportunities once we've established strong penetration in our core markets.


Various surveys estimate the total boating industry spend globally between $100-$120bn p.a. The additional segments (beyond boat selling and renting) include: finance, insurance, documentation, aftermarket services and repairs, docking and berthing, and fuel engines.


Each of these segments is underserved by digital technology today, whether it involves lead generation, matching buyers and sellers, informative services (reservations, availability, price comparison), or closed loop, fully digital transactions (including valuation, financing, insurance, warranties, contract & payment management).


Our strategy is to capture at least 10% of the digital market in the segments where we play, within 2 years of rolling out a Boatim product offer for that segment.


15m boats in use, about 1m pre-owned, and 260k new boats sold p.a. with a market value of c.$20bn (Source: NMMA 2019 statistics).

140m people went boating at least once last year in the US, 50% are under 40y old - 62% of boat owners have $100k p.a. HH income–plus, strong trend to more diversification on boaters ethnicities.


The entire global recreational boating market is growing steadily at 3% p.a. (source: ICOMIA, 2019)

Certain segments have seen continued strong demand, for example, retail sales for new and used outboard motorboats, which grew 14% in 2019.

The boating industry continues to grow at above-average rates compared to US and EU GDP rates, driven by an increasing proportion of High Net Worth Individuals seeking new recreational past-times.


Despite the disruption seen in early 2020 when the Covid-19 pandemic imposed severe restrictions on social activity, the boating industry has proved extremely resilient and has seen a strong bounce-back in the second half of 2020.

In response to Covid-19, many people sought out new socially-distanced activities. Boating is one of a few "safe havens" for family-friendly time, free from quarantine concerns. Since summer 2020, many dealers have reported excess demand for boats, rapid turnover of inventory, and the period January - August 2020 showed boat sales in the US up 8% compared to the previous year.

Increased boat sales in Europe have been driven by the own-to-rent market, i.e. charter companies expanding their fleets for short term rentals in response to increased demand for Mediterranean holidays away from the traditional hotels and beaches, which remain subject to Covid-19 restrictions.

Despite the general impact of the pandemic on economies globally and in the US, the recreational boating industry is amongst those which have received a huge push by it. What is more, experts foresee that a substantial number of additional first-time boaters, prompted by Covid, are now hooked with the boating lifestyle and will increase future demand for boats and services even after the current situation has been resolved.

Our Leadership

Proven trackrecords in scaling digital businesses.

Boatim has brought together a seasoned management team with entrepreneurial experience in tech-startups, digital marketing, technology platforms, online marketplaces, and of course, boating.

  • wolfgang

    Wolfgang Tippner

    Chief Executive Officer

    Private equity and seasoned venture capitalist for over 40 years. Previously director of several public and private companies, passionate boater and visionary global venture builder.

  • pat Kopie

    Patrick Burkert

    Chief Marketing Officer

    Serial entrepreneur, specialized in scaling digital platforms, founder of short-term real estate platform Go—PopUp (successful exit in 2017), Ex-Travelperk, Burda, Scout24 Group and Lycos iQ.

  • chris-2

    Chris Roy

    Chief Product Officer

    14+ years in design, product, and engineering lead positions for SaaS products in hyper growth companies Skyscanner, Tesco Bank and Travelperk, scaling from 20 to 500 people in less than 5 years.

  • IMG_0183-2

    Patrick Heneise

    Chief Technology Officer

    Tech entrepreneur specialized in scalable, distributed services. Multiple lead development positions since 2000, independent consultant for Fintech and SaaS companies, tech-group founder for JavaScript and node.js in Barcelona.

Why invest in Boatim?


Risk-Reward-Considerations

Boatim is a publicly listed startup company on the OTCQB Venture Market.
Become part of our journey and benefit directly from how we revolutionize the boating industry.


2018:
Private funding round to start software development.

2019: Moved to Florida, USA, with its prototype product.


2020: Company shares floated, acquired Barcelona team of developers into Boatim Europe S.L. and established new development hub there, hired Chief Officers for Product and for Marketing to increase market roll-out speed and scale capacities for next products, successful launch of marketplace and first Dealer marketing tools

Core product development: Proprietary software & technology developments completed for data-driven marketplace, now working to add new products and capabilities for digitalized boating services across our different target markets


Naturally, the earlier the development stage of a business, the higher the risk but also the potential upside. Usually, professional VC and PE investors have already snatched most of the value increase when tech company shares become publically tradable.

Following our customer relevance culture, Boatim shares are accessible early on so that investors, be they simply interested boaters or dealers, professional or private investors, might benefit from our growth trajectory right from the beginning.


The usual risks apply when investing in a young and innovative company, that aims to disrupt an existing market and to further develop entirely new markets:

The actual results may vary from our projections, timelines may be longer than expected or costs may end up higher than planned.

We are reliant on qualified personnel and the right decisions made by our leadership team at the right time in order to execute on the business plan and deliver on our vision.

There are no guarantees for our share price development to continue on its recent path up in the future.

To learn more about our share and business related risks, please visit the Section "Risks Factors" in our latest annual audited Form 10-k filing with the SEC (here) and read the "Disclaimer & Cautionary Note Regarding Forward-Looking Statements" at the end of this site.


By digitizing many of the currently offline practices in the boating industry we are poised to open up new market segments for Boatim. By introducing data-analytics driven tools and capabilities we have begun to attract dealers, sellers and customers to our disruptive platform.

Our business strategy allows for much accelerated capture of target market share, since we do not need to reinvent existing revenue models but focus on adding substantial value with innovative capabilities. We are drawing customers to our better platform & products.

Our proprietary software is built data-centric and UX focused - Comparing Boatim with existing platforms is like comparing a fuel car with an electric: Our architecture design follows Boatim´s innovative digitizing and marketing approach from its core, changing how things are done in the boating industry.

 

A similar approach was done in the car industry and catapulted the newcomer to become the biggest player in what was before considered a saturated market, scaling its revenues to more than $500m last year and giving it a valuation of near 40x P/E or $2.6bn.

AirBnB digitized the hospitality business, making C2C closed loop transactions possible and unlocking an entire new market segment. They have recently announced to plan their IPO - at a staggering $3bn valuation.

We aim to capture at least 10% of any target market Boatim products address within 2 years of a respective rollout.

Investor Relations Updates

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Frequently Asked Questions


Boatim is traded under the symbol BTIM on the OTCQB Stock Market. The CIK number for Boatim’s common stock is 1622231.

As a publicly-traded company, our stock can be purchased through any licensed broker or online trading platform such as E*Trade or Charles Schwab.

Further information on the stock and price (with a 15 minutes delay), is available via the OTC Stock Exchange website:

https://www.otcmarkets.com/stock/BTIM

or through your broker´s online system.

 

If you already are a shareholder and you want your shares in certificate form rather than electroncially, please contact Boatims's transfer agent, Globex Transfer LLC, via one of the following methods:

Globex Transfer, LLC
780 Deltona Blvd., Suite 202
Deltona, FL, 32725

Phone:+1 813 344 4490
www.globextransfer.com


Boatim's fiscal year end is 31 August, with quarter ends on 30 November, 28 February, and 31 May. The quarterly and annual filings, together with our recent 8-K announcements and any other required filings, are available on the "Filings" link above.


Auditor (USA):


Malone Bailey: www.malonebailey.com/

Legal (USA):

Horwitz & Armstrong LLC: www.horwitzarmstrong.com/


Transfer Agent: 

Globex Transfer LLC: www.globextransfer.com


For any further questions, or to subscribe to our Investor Relations newsletter please register here or contact Boatim Investor Relations on ir@boatim.com.

Forging a new era of boating, together.

Miami

Boatim Inc

7950 NW 53rd Street, Suite 337
Miami, FL 33166
United States of America

Barcelona

Boatim Europe SL

Marina Port Vell, Carrer de l'Escar 20
Barcelona, 08039
Spain

Disclaimer

This website is provided as a convenience to Boatim shareholders and the public. The statements and communications contained in the Boatim’s website are intended for information only. None of them constitutes a solicitation, an offer or a recommendation to buy or sell securities, or to conduct other transactions. No warranty, either express or implied, is given for the information and opinions published on the Boatim website. Actions based on statements made therein are the responsibility of those who take them. Boatim therefore disclaims all liability for damage which may result directly and indirectly from the use, performance or consultation of the Boatim website, in connection with access to the website itself or other websites linked to it.

Cautionary note regarding forward-looking statements

This website contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are sometimes identified by words such as “intends,” “anticipates,” “believes,” “expects” and “hopes” and include, without limitation, statements regarding Boatim’s plan of business operations, potential contractual arrangements, receipt of working capital, anticipated revenues and related expenditures and involve a number of risks and uncertainties that could cause actual results to differ materially from projected results. Such factors include, among others, the willingness and ability of third parties to honor their contractual obligations, the decisions of third parties over which Boatim has no control, commodity prices, environmental and government regulations, availability of financing, judicial proceedings, force majeure events, and other risk factors as described from time to time in Boatim’s filings with the Securities and Exchange Commission. Many of these factors are beyond Boatim’s ability to control or predict. Investors are cautioned not to put undue reliance on forward-looking statements. Except as otherwise required by applicable securities statutes or regulations, Boatim disclaims any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.

Nothing on this website is either an offer to purchase, or a solicitation of an offer to sell, shares of Boatim or any other entity. Nothing on this website is a solicitation of a proxy from a security holder of Boatim or any other company. If a transaction is agreed upon, or an offer commenced, Boatim will file a proxy statement/prospectus and any other relevant documents concerning the proposed transaction with the Securities and Exchange Commission and the securities commission or equivalent regulatory authorities. YOU ARE URGED TO READ ANY SUCH PROXY STATEMENT/PROSPECTUS IF AND WHEN IT BECOMES AVAILABLE, AND ANY OTHER RELEVANT DOCUMENTS IF AND WHEN FILED WITH THE SEC AND THE SECURITIES COMMISSION OR EQUIVALENT REGULATORY AUTHORITIES, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. You will be able to obtain any such proxy statement/prospectus (if and when it becomes available) and any other documents filed with the SEC free of charge at the SEC’s website, . In addition, you may obtain the proxy statement/prospectus (if and when it becomes available) and the other documents filed by the Boatim with the SEC by requesting them in writing from Boatim.

Exclusion of liability

Boatim shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, opportunities or information arising from: the use of or reliance on information contained in this website; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to this website; any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and any other matter connected with this website; even if Boatim is made aware of the possibility of such claims, expenses, damages or losses.

Stock quotes

All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. If you are contemplating trading in the securities of Boatim, we strongly advise you to seek independent professional advice before making any investment decision. Boatim makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein.

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