Presentation on VR and Apple.

1. E-LEMON-ATORS
BUY AVEGANT

2. BUYING IS SWIFT AND GAINS MARKET SHARE
E-LEMON-ATORS

3. E-LEMON-ATORS
AVEGANT IS UNIQUE AND INNOVATIVE
THE COMPETITION IS FIERCE

4. BUYING AVEGANT MAXIMIZES FCF
E-LEMON-ATORS
-1000
0
1000
2000
3000
4000
5000
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7
Build Buy
912
(MILLIONS)

5. IRR(%) vs NPV(mm) vs PAYBACK
E-LEMON-ATORS
111.4
% 107.1
%
BUILD BUY
IRR
12,557
30,378.8
BUILD BUY
NPVPayback Period
Build Buy
4 years 2 years

6. IRR & NPV ARE SENSITIVE TO ACQUISITION PRICE,
UNIT PRICE AND ANNUAL GROWTH RATE
E-LEMON-ATORS
5% increase in the annual growth rate 3.3% 10.9%
Decrease Initial Acquisition Price by 10% 4.5% 0.6%
Sensitivity Analysis
Change in
IRR
Change in
NPV
Increase Unit Price by 10% 11.2% 22.3%

7. Where fiction becomes iREALITY
E-LEMON-ATORS
Slick & Compatible
Premium Price
Retail Stores & Online
Aggressive
Advertising

8. APPLE IS IN A POSITION TO MITIGATE RISKS
E-LEMON-ATORS
Integration FinancialManagerial

9. E-LEMON-ATORS