WORLDS LARGEST TRAMPOLINE PARKS GET AIR LA

Transcription

1 WORLDS LARGEST TRAMPOLINE PARKS GET AIR LA Operating & Positive Cash flow generating park since November

2 TYPE OF INVESTMENT This opportunity is either for the Investor looking for a solid, consistent monthly income from a proven, stabilized business that generates cash flow and has the pro forma yield of +189% APR* Or for the strategic investor, since the investment can be restructured to enable acquisition of either 51% of the Pomona park, or 51% in Get Air New Structures, which is the owner company of all future Get Air Parks Based on the pro forma numbers and the valuation of acquiring 35% for $6,990,000

3 OPPORTUNITY Dividend generating asset with stabile cash flow and increased asset value Pro forma dividend or free cash flow is +189% APR* on invested capital We are selling smaller minority positions, a full minority stake of 35%, or a majority position of 51% ownership in this operating and revenue/positive cash flow generating Get Air Trampoline Park The reason for this is to allow for the ownership team to establish more parks by self funding Every investor will start receiving dividends from the date they purchase their shares Investors looking to buy parts of this offering will not receive the 334% discount on purchase price*, but will still receive +13% in dividends per the current numbers For the right investor, we will also allow participation in future upcoming and also stabilized (operating) parks, or the investor has the possibility to acquire 35%, or 51% in Get Air New Structures, which is the holding company for all the new Get Air parks Based on the valuation of acquiring 35% for $6,990,000

4 GET AIR LOS ANGELES HIGHLIGHTS Operating, revenue and positive cash flow generating since November 2016 $310,000/month ($3,750,000/year) in Pro Forma Net Income or Free Cash Flow +189%* dividend, paid out on a monthly basis, in already stabilized asset World s largest trampoline park with over 40,000 square feet indoor space Get Air s 48 th Trampoline Park A unique opportunity to purchase up to 35% (or 51% for the right investor) of this dividend generating park for a total valuation of $19,971,500, which then generates over 189% in dividend or free cash flow Based on current visitors, the dividend is estimated to between 22-23% once the park has fully stabilized its visitor flow The Get Air LA/Pomona Trampoline Park has over 2,000,000 inhabitants of the target demographic within a 10 mile radius Historically the Get Air Parks have been built in demographics with 200,000+ inhabitants of the target demographic within the same 10 mile area and being very successful businesses Based on the pro forma numbers and the valuation of acquiring 35% for $6,990,000

5 FINANCIALS Get Air LA is now operating, revenue and positive cash flow generating since November 2016 The park has a Pro Forma Net Income of $310,000/month or $3,750,000/year, distributable as dividend on a monthly basis Based on previous parks and track record, these numbers will increase over the next 6 months to then stabilize at a higher Net Income (free cash flow) Based on the Pro Forma Net Income and the existing valuation of $1997M, the dividend will be 189% paid out on a monthly basis Once the park has stabilized its visitor flow, dividend is estimated to between 22-23% dividend Every investor will start receiving dividends from the date they purchase their shares Current dividend is +189% annually and an increase in asset value Investors looking to buy parts of this offering will not receive the 334% discount on purchase price*, but will still receive +13% in dividends per the current numbers Simulations based on the larger qualified inhabitant pool, simulates Net Income to be over $600,000/month, which then generates a +35% dividend These volumes are likely toward the end of 2017 and forward Based on the pro forma numbers and the valuation of acquiring 35% for $6,990,000

6 PARK FACTS Get Air LA/Pomona is the 48th successful Get Air Trampoline Park which opened it's doors in November of 2016 Get Air Pomona is the largest Trampoline Park that has been constructed to date in the world at over 40,000 square feet of indoor space Historically the Get Air Parks have been built in demographics with 200,000+ inhabitants of the target demographic within a 10 mile area and being very successful businesses The Get Air Pomona Trampoline Park has over 2,000,000 or 10x the inhabitants of the target demographic within the same 10 mile radius Based on historical performance of the other 47 existing locations that have been opened, this park is geared to be the best success story to date Pomona has a max capacity of ~500 jumpers where the Get Air average park has ~150 to 200 jumpers as it's max capacity

7 GET AIR BACKGROUND The Trampoline Park industry is one of the fastest growing active entertainment industries in the US One of Get Air s principals Val Iverson invented the industry in 2003 where the initial parks are performing as well and better than at their launch Get Air is the leading brand of trampoline parks in the country, with its corporate headquarters in Roy, Utah Get Air was founded by the industries leading trampoline expert in manufacturing, safety, and innovation, Get Air Management has over 25 years experience in the trampoline industry Get Air has a reputation of cutting edge, customized parks with the highest level of safety The Get Air brand currently operates 48 parks in 20 different cities; and intend to build an additional 60 Get Air parks over the next 5-7 years in both domestic and foreign markets

8 OPERATIONS AND MANAGEMENT Each park is managed by our management company, Get Air Management Inc (GAM), and is led by a Park Manager who has discretion over the day-to-day operations of the park Park Managers are responsible for all hiring and marketing decisions at the local level using the assistance of the management company Each Park Manager will hire the following at their discretion and within their personnel budget: Assistant Manager(s), Front Desk Operators, Air Traffic Controllers (Safety Monitors), Party Specialists, and Janitorial Personnel Park Managers are also given operating budgets in which they must maintain and properly account for monthly

9 CAUTIONARY NOTES

10 NOTICE OF CONFIDENTIALITY IMPORTANT: YOU MUST READ THE FOLLOWING BEFORE CONTINUING The information contained in this presentation has been prepared by Get Air ( Company ) and contains confidential information pertaining to the business, operations and assets of the Company The information contained in this presentation (a) is provided as at the date hereof and is subject to change without notice, (b) does not purport to contain all the information that may be necessary or desirable to fully and accurately evaluate an investment in the Company, and (c) is not to beconsidered as a recommendation by thecompany that any person make an investment in thecompany An investment in the securities described herein is speculative and involves a number of risks that should be considered by a prospective investor Prospective investors should carefully consider the risk factors described under Risk Factors herein before investing in the Company and purchasing the securities described herein The Company and its subsidiaries and affiliates, and any of their respective shareholders, directors, officers, agents, consultants, advisors or employees do not make any representation or warranty,express or implied, as to the accuracy,completeness or thoroughness of the information contained in this presentation This presentation is confidential and is being provided to you solely for your information and may not be reproduced, in whole or in part, in any form or forwarded or further distributed to any other person Any forwarding, distribution or reproduction of this presentation in whole or in part is unauthorized By accepting and reviewing this presentation, you acknowledge and agree (i) to maintain the confidentiality of this presentation, the information contained herein and all other information received in connection wi th your evaluation of a potential investment in the Company, (ii) to protect such information in the same manner you protect your own confidential information, which shall be at least a reasonable standard of care and (iii) to not utilize any of the information contained herein or otherwise received except to assist with your evaluation of a potential investment in the Company You will be liable for any damagecaused byor resulting from any unauthorized disclosure oruse of the informationcontained herein This presentation may have been sent to you in an electronic form You are reminded that documents transmitted viathis medium may be altered or changed during the process of electronic transmission You are responsible forprotecting against viruses and other destructive items Your receipt of this electronic transmission is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature As a consequence of the above, neither thecompany norany director, officer, employee or agent of any of them or any affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the presentations distributed to you in electronic format and the hard copy version that may bemade available to you

11 FORWARD LOOKING STATEMENTS 1/2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This presentation includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events Statements containing the words believe, expect, intend, should, seek, anticipate, will, positioned, pro forma, project, risk, plan, may, estimate or, in each case, their negative and words of similar meaning are intended to identify forward- looking information By its nature, forward-looking information involves a number of known and unknown risks, uncertainties and assumptions concerning, among other things, the Company s anticipated business strategies, anticipated trends in the Company s business, anticipated future revenue streams, anticipated market share, changes in debt and equity markets, timing and availability of external financing on acceptable terms, increases in costs, the schedule of certain events to occur in regard to production, the Company s ability to meet its working capitalneeds, the plans, costs, timing and capital forfuturedevelopment and expansion of the Company s operations, management s outlook regarding future trends, general business and economic conditions and other risks involved in the aquaculture industry that could cause actual results or events to differ materially fromthose expressed or implied by such forward-looking information These risks, uncertainties and assumptions could adversely affectthe outcome and financial effects of the plans and events described herein In addition, even if the outcome and financial effects of the plans and events described herein are consistent with the forward-looking information contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods Although the Company I has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended Forward-looking information contained in this presentation is based on the Company s current estimates, assumptions, expectations and projections, which the Company believes are reasonable as of the current date The Company can give no assurance that these estimates, assumptions, expectations and projections will prove to have been correct You should not place undue reliance on forward-looking information contained in this presentation Forward-looking statements contained in this presentation are made of the date of this presentation and, except as require by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances Historical information contained in this presentation regarding past trends or activities should not betakenas a representation that such trends or activities will continue in the future In this regard, certain financial information contained herein has been extracted from, or based upon, information available in the public domain and/or providedby the Company Inparticular historical results should notbe taken as a representation that such trends will be replicated in the future No statement in this presentation is intended tobenor may be construed as a profit forecast All forward-looking information in this presentation is expressly qualified in its entirety by this cautionary statement See also Risk Factors set forth in this presentation

12 FORWARD LOOKING STATEMENTS 2/2 CAUTIONARY NOTE REGARDING FUTURE-ORIENTED FINANCIAL INFORMATION: To the extent any forward-looking information in this presentation, or in documents incorporated by reference herein, constitutes future-oriented financialinformation or financialoutlooks within the meaning of applicable Canadian securities laws, such information is being provided to demonstratethepotential benefits of the Offering described herein and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out above under the heading Cautionary Note Regarding Forward-Looking Information The Company s actual financial position and results of operations may differ materially from management s current expectations and, as a result, the Company s revenue, EBITDA and expenses may differ materially from the revenue, EBITDA and expenses profiles provided in this presentation Such information is presented for illustrative purposesonly USE OF NON-GAAP MEASURES: This presentation refers to EBITDA because certain investors may use this information to assess the Company performance and also determine the Company s ability to generate cash flow This data is furnished to provide additional information and is a non-gaap measure and does not have any standardized meaning prescribed by GAAP EBITDA should not be considered in isolation as a substitute for measures of performance prepared in accordance with GAAP and is not necessarily indicative of operating costs presented undergaap

13 CAUTIONARY NOTE TO US INVESTORS 1/2 AN INVESTMENT IN THE SECURITIES IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK, THE INVESTMENT SHOULD ONLY BE CONSIDERED BY SOPHISTICATED INVESTORS WHO CAN BEAR THE ECONONIC RISK OF THEIR INVESTMENTS FOR AN INDEFINITE PERIOD AND WHO CAN AFFORD TO SUSTAIN THE LOSS OF THEIR ENTIRE INVESTMENT The securities contemplated by this presentation (the securities ) have not been and will not be registered under any United States federal or state securities law and may not be offered and sold in the United States, except that securities may be offered and sold to institutions that are accredited investors under the US Securities Act of 1933, as amended (the US Securities Act ) in reliance on the exemption fromsuch registration provided by Rule 506 of Regulation D IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR BY ANY STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED ON THE ACCURACY OR ADEQUACY OF THIS PRESENTATION ANY REPRESENTATION TO THE CONTRARYIS A CRIMINAL OFFENSE This information does not constitute a general offer to the public of, or the general solicitation from the public of, offers to subscribe or purchase any securities in the United States The distribution of this information and the offer and sale of securities in certain jurisdictions may be restricted by law Persons into whose possession this information comes are required to inform themselves about and to observe any such restrictions If the recipient of this presentation determines not to purchase any securities or the offering is terminated, the recipient will promptly return all material received in connection herewith withoutretaining anycopies to: Get Air New Structures, 1106 Second Street #245, Encinitas, California Neither the delivery of this presentation nor any sale of securities by the Company shall under any circumstances imply that the information set forth or incorporated by reference herein is correct as of any date subsequent to the date hereof No representation or warranty, express or implied, is made as to the accuracy or completeness of the information set out herein, and nothing contained in this presentation is, or shall be relied upon as, a promise or representation, whether as to the past or future Each person receiving this presentation acknowledges that (1) such person has not relied on the Company in connection with its investigation of the accuracy of such information or its investment decisions and (2) no person is authorized in connection with any offering made hereby to give any information or make any representation other than as contained in this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by the Company

14 CAUTIONARY NOTE TO US INVESTORS 2/2 TAXATION: Prospective investors should be aware that the purchase of the securities may have tax consequences Each prospective investor should consult its own tax advisorconcerningtheinvestment described herein TRANSFER RESTRICTIONS: The securities will not be and have not been registered under the US Securities Act or the securities laws of any state of the United States, and if sold in the United States will be restricted securities within the meaning of the Rule 144 under the US Securities Act The securities may be resold, pledged or otherwise transferred only pursuant to an effective registration statement under the US Securities Act or pursuant to an applicable exemption fromtheregistration requirements of theus Securities Act